Tag: Economics – Others

2.Which of the following is not a common basis for market segmentation?

A demand curve can be derived from one’s marginal utility.
True or False

if the price of elasticity of demand is 1.9, then price is relatively:

4. Profit maximization in the cost and shutting down in the short run

Question 6
The United States emphasizes positive food diplomacy
Select an answer:
True
False

Steps for determining marginal cost, given total cost curve: TC=100+10q
Write the total cost function: TC(q) = 100 + 10q.
Recall that marginal cost (MC) is the derivative of total cost with respect to output q: MC(q) = dTC/dq.
Differentiate: d/dq [100] = 0 and d/dq [10q] = 10, so MC(q) = 10.
Interpretation: Marginal cost is constant and equal to 10 for any quantity q.
Check (discrete change): MC ≈ ΔTC/Δq = [TC(q+Δq) − TC(q)]/Δq = 10 for any Δq > 0.

Monopolistic competition involves generally 30 or more firms.TrueFalse

name a modern style of music that is passed down through oral tradition

Which of the following is likely to shift the PPF out and to the right?

in 2008, out of 20 investors only 3 invested in Airbnb true or false
True
False