Microeconomics

ECON 2301 Week 1 Quiz | Assignment Help | Central Texas College• Question 1 Fundamentally, economics deals with Answers: a. Money. b. Poverty. c. Scarcity. d. Banking. • Question 2 What term refers to the idea that society has limited resources and therefore cannot produce all the goods and services people wish to have? Answers: a. scarcity b. market failure c. inefficiency d. inequality • Question 3 Which of the following is an important c

5 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2301 30 Apr 2021

ECON 2302 Week 5 Quiz 10 | Assignment Help | Central Texas College• Question 1 If the government decided that each family needs a minimum income of $25,000 and promised to make up the difference between whatever a family earned and $25,000, which of the following is correct? Answers: a. The government is effectively taxing every dollar earned up to $25,000 at a rate of 100%. b. This program would reduce the incentive to work to earn any wage up

5 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 5 Quiz 9 | Assignment Help | Central Texas CollegeQuestion 1Refer to Figure 18-9. If the price of apples decreases, the equilibrium wage will Answers: a. increase, and fewer apple pickers will be hired. b. decrease, and fewer apple pickers will be hired. c. increase, and more apple pickers will be hired. d. decrease, and more apple pickers will be hired.• Question 2 If your wage increases from $10 per hour to $15 per hour, then yo

8 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 5 Discussion 1 | Assignment Help | Central Texas CollegeDiscussion Board 5Why would raising the minimum wage to $15/hour be good or bad for the macro economy in the short run? Explain.Note:To earn full credit for this graded discussion, post at least two times. First, post your own thoughts. This post should be substantial (containing at least200-250words). Next, respond to another student. Be polite, professional, and thoughtf

8 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 4 Research paper | Assignment Help | Central Texas CollegeResearch PaperThe majorwriting assignment,a research paper, is due now. Select the title link above or select the ResearchPaper link on the course menu to find the submission link for this assignment.

15 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 4 Quiz 8 | Assignment Help | Central Texas College• Question 1 A monopolistically competitive market is characterized by a. long run profits, but not many firms. b. many firms, but not free entry. c. differentiated products, but not long run profits. d. free entry, but not differentiated products. • Question 2 Free entry and exit means that the number of firms in the market adjusts until a. producers continuously enter the ma

5 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 4 Discussion 1 | Assignment Help | Central Texas CollegeDiscussion Board 4Senator Elizabeth Warren is advocating anti-trust action against some giant technology companies including Amazon, Google, and Facebook. Select one of these companies and analyze at least one cost or benefit of her proposal.Note:To earn full credit for this graded discussion, post at least two times. First, post your own thoughts. This post should be substant

8 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 3 Quiz 7 | Assignment Help |Central Texas CollegeQuestion 1 Figure 15-14 Refer to Figure 15-14. If the monopoly operates at an output level less than Q0, then an increase in output toward (but not exceeding) Q0 would a. lower the price and lower total surplus. b. lower the price and raise total surplus. c. raise the price and raise total surplus. d. raise the price and lower total surplus.

5 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 3 Quiz 6 | Assignment Help |Central Texas College• Question 1 If firms are competitive and profit maximizing, the price of a good equals the a. marginal cost of production. b. total cost of production. c. fixed cost of production. d. average total cost of production. • Question 2 Suppose a firm in each of the two markets listed below were to increase its price by 15 percent. In which pair would the

5 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021

ECON 2302 Week 3 Discussion 1 | Assignment Help |Central Texas CollegeDiscussion Board 3The textbook discusses price discrimination in Chapter 15 (section 15-4). What example of effective or ineffective price discrimination do you see online or in your community? Explain why the monopolist chooses to follow this business strategy.Note:To earn full credit for this graded discussion, post at least two times. First, post your own thoughts. This post

8 Accounting & Economics Assignment Help / Microeconomics Central Texas College / ECON 2302 30 Apr 2021