Questions tagged 'Economics'
47 questions
Suppose your production costs increased. In 1 or 2 sentences, describe the effect of this increase on the quantity of goods you supply.
If your production costs were to increase, how would this affect the quantity of goods you are able to supply? Please describe the impact in one or two sentences.
Which is true about Africa?
Which statement accurately reflects the situation in Africa? National economic policies are uniform throughout all countries on the continent. Apartheid is the official policy of Africa as a whole. T...
A consumer’s demand curve for a product is downsloping because:.a. total utility falls below marginal utility as more of a product
A consumer's demand curve for a product is downsloping for several reasons: a. Total utility falls below marginal utility as more of the product is consumed. b. The perceived value of time decreases a...
Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs to
Hollis Industries produces flash drives for computers, selling each for $20. The variable cost to produce each flash drive is $13. In April, the company sold 1,000 drives, and the fixed costs for that...
If China’s economy continues to expand rapidly, what will happen to the price of oil?
If China's economy continues to expand rapidly, what impact will this have on oil prices?
How to calculate net profit percentage?
I have an economics test tomorrow, and I need to understand how to calculate the net profit percentage. Can anyone please help me with the steps and formula needed for this calculation? Thank you!
risk free rate in australia?
Hello, could someone please provide guidance on how to determine the risk-free rate in Australia, specifically through the resources available from the Reserve Bank of Australia? Thank you!
After 2004, polish exports increased when poland returned to a command economy lech walesa was elected president poland joined a trade
After 2004, Polish exports increased following Poland's return to a command economy. Lech Wałęsa was elected president, and Poland joined a trade network with other nations. However, private enterpris...
How did the development of coined money change trade
How did the introduction of coined money transform trade practices throughout history?
Firms experience economies of scale LOADING… for several reasons. What is one such reason?
Firms experience economies of scale for several reasons. What is one such reason? A firm might experience economies of scale because: A. as a firm expands, it may have to borrow money at a higher inte...