Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

When a competitive market maximizes economic surplus, it implies that the marginal benefit of having the product is greater than the marginal cost. buyers are getting the maximum consumer surplus from the product. combined consumer and producer surplus is maximized.Quantity demanded is lower than the quantity supplie

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91729297

Have any Question?


Related Questions in Microeconomics

Question when sulfur dioxide is emitted into the air it is

Question: When sulfur dioxide is emitted into the air it is transported over long distances and is converted to sulfuric acid. This gradually falls to the ground, either as ratio or snow simply by settling out of the air ...

Question during 2002 the federal funds rate remained more

Question: During 2002, the Federal funds rate remained more than 1% below the rate of inflation. When that happened in 1972 and 1975, the next two business cycle peaks ended in double-digit inflation, although admittedly ...

Question what are the major differences in translating

Question: What are the major differences in translating liabilities between the current rate method and the temporal method? The response must be typed, single spaced, must be in times new roman font (size 12) and must f ...

Question list and discuss the four economic goals presented

Question: List and discuss the four economic goals presented in class and in the textbook. Then discuss how the different pairs of goals are compatible(They work together)or competing. The response must be typed, single ...

Question in the land of purity there is only one form of

Question: In the Land of Purity, there is only one form of pollution, called "gunk." Table 12.14 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations ...

Question why does longo use salespeople instead of price

Question: Why does Longo use salespeople instead of price tags? Why not just offer cars at a fixed discount under the sticker price? Or why not be like the General Motors Saturn and advertise a no bargaining policy? The ...

Question - what is the role of timing in deciding to enter

Question - What is the role of timing in deciding to enter or exit a market? Firms decide to enter a market based on current and historical information, but time lags can change the economic environment. What are the ris ...

Question recently the us has been working with caribbean

Question: Recently, the US has been working with Caribbean nations to form a free trade zone similar to the NAFTA agreement with Mexico. The major industries to be affected are textiles and apparel. (A) How do you think ...

Question the bank of montreal bmos assets include cash in

Question: The Bank of Montreal (BMO)'s assets include cash in the vault which is one third of it's deposits at the Bank of Canada. BMO has $700,000 in loans, $1.1 million in securities as well as $2.0 million in chequing ...

Question explain how it is possible for an economy in the

Question: Explain how it is possible for an economy in the recovery phase of the business cycyle to have a lower GDP and higher unemployment rate than when it was in the recession phase of the business cycle. The respons ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved