Economics Questions
Explore questions in the Economics category that you can ask Spark.E!
How much have average wages grown annually for the last century in the U.S. labor market?
(perfectly competitive market) what is the goal in the short-run?
(perfectly competitive market) what prompts entry?
(perfectly competitive market) what prompts exit?
(perfectly competitive market) In order to maximize profits, what is true?
(perfectly competitive market) what is the formula for loss with shutdown?
(Oligopoly) Due to mutual interdependence, firms must form expectations of how rivals will react to chosen actions. What are these two beliefs?
(perfectly competitive market) What is the formula for loss with production?
The shape of the long run average cost curve is linked to what?
(market structure) what is level of integration about?
Adhering to the Fundamental Premise of Economics, firms wish to do what?
What is the approach used to analyze issues with regards to market structure and behavior?
When long run average cost is declining, the firm operates under what?
When long run average cost is rising, the firm operates under what?
What is the formula for long run average cost?
(firm conduct) product strategy and advertisement
What is the variable for market welfare?
Inquires are on credit reports for ______________.
Wants: something unnecessary but adds to the value of lifeNeeds: something necessary
when calculating the price elasticity of demand, the % change in quantity demanded is calculated as