Microeconomics questions and answers in February 2021

The production of batteries for eBikes is polluting and causes a negative externality whose marginal costs are estimated at 2q. The inverse demand function and the supply function for the monopolist w...
This is the question: The lesson notes describe both positive and negative externalities. An interesting situation occurs when there is a positive externality. This is interesting because economists s...
enny runs a birdhouse manufactruing company. the number of birdhouses she can make with each number of laborers is shown in the table below labor - birdhouses 0- 0 1-6 2-11 3-15 4-18 5-20 6-21 the pri...
jenny runs a birdhouse manufactruing company. the number of birdhouses she can make with each number of laborers is shown in the table below labor - birdhouses 0- 0 1-6 2-11 3-15 4-18 5-20 6-21 the ma...
An oligopolistic industry consists of only two firms, Angel& Co and Barton Inc. The two firms agree to collude on a level of output at 20 units per firm, which leads to a market price of $25. Afte...
An oligopolistic industry consists of only two firms, Angel& Co and Barton Inc. The two firms agree to collude on a level of output at 20 units per firm, which leads to a market price of $25. Afte...
Refer to the following graphs to answer the question below. Select the graph that best shows the changes in demand and supply in the beef market if a new diet fad favoring beef consumption becomes hug...