FAQs tagged as

Microeconomics

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  1. What are some causes of structural unemployment?

  2. How can I use value chain analysis to evaluate investment decisions?

  3. What are the primary activities of Michael Porter's value chain?

  4. What is the difference between a value chain and a supply chain?

  5. How can a representative sample lead to sampling bias?

  6. Can you calculate more than two inputs with the production possibility frontier?

  7. How does a strong value chain management team help a company?

  8. How do economists measure positive and negative externalities?

  9. What is the difference between tier 1 capital and tier 2 capital?

  10. What are common use cases for marginal analysis?

  11. How can I calculate the tier 1 capital ratio?

  12. What percentage of the population do you need in a representative sample?

  13. Is a good's production cost related to its value?

  14. What's the difference between a representative sample and a random sample?

  15. What are the best selection methods for creating a simple random sample?

  16. What's the difference between a representative sample and an unbiased sample?

  17. What are some real-life examples of the economies of scope?

  18. How reliable or accurate is marginal analysis?

  19. What is the difference between research and development and product development?

  20. What is the difference between marginal analysis and cost benefit analysis?

  21. What are the different types of price discrimination and how are they used?

  22. What are the different sources of business risk?

  23. How does the law of diminishing returns affect marginal revenue?

  24. What is the theory of asymmetric information in economics?

  25. How do command economies control surplus production and unemployment rates?

  26. How is marginal analysis used in making a managerial decision?

  27. How valid is the notion of economies of scope?

  28. How does price elasticity change in relation to supply and demand?

  29. What is the difference between product differentiation and price discrimination?

  30. How do I calculate the degree of operating leverage?

  31. How can marginal revenue increase?

  32. What is the difference between economies of scope and economies of scale?

  33. How do interest rate changes affect price elasticity in consumer discretionary goods?

  34. What is the difference between a capitalist system and a free market system?

  35. What are some examples of positive correlation in economics?

  36. How do notaries reduce asymmetric information risk?

  37. How does a monopoly contribute to market failure?

  38. How can you find the demand function from the utility function?

  39. How is a market failure prevented with regard to public goods?

  40. What factors influence competition in microeconomics?

  41. How is a market failure corrected?

  42. Why should sunk costs be ignored in future decision making?

  43. What is the difference between adverse selection and moral hazard?

  44. What are the different ways that utility is measured in economics?

  45. How does adverse selection contribute to market failure?

  46. What is the difference between consumer surplus and economic surplus?

  47. What does it signify about a given product if the consumer surplus figure for that ...

  48. How do fixed and variable costs each affect the marginal cost of production?

  49. What are some examples of the law of demand in real markets?

  50. How does the balance of trade impact currency exchange rates?

  51. What is the difference between direct costs and variable costs?

  52. How is marginal revenue related to the marginal cost of production?

  53. What's the difference between economic value added (EVA) and producer surplus?

  54. How do I calculate the production possibility frontier in Excel?

  55. Besides Porter's 5 forces, what other forces shape industry in the 21st century?

  56. How is profit maximized in a monopolistic market?

  57. What's the difference between Porter's 5 forces and SWOT analysis?

  58. Why is the assumption of Ceteris Paribus important in determining causation?

  59. What is the difference between a monopolistic market and perfect competition?

  60. What are the characteristics of a monopolistic market?

  61. How do sunk costs create a barrier to entry for new firms?

  62. What is the difference between a monopolistic market and monopolistic competition?

  63. What do high economic profits in a given industry suggest about that industry?

  64. How can a company or entity challenge the absolute advantage of another company?

  65. How can a company or entity maintain an absolute advantage?

  66. How does marginal utility relate to indifference curves in microeconomics?

  67. How is productivity calculated?

  68. Why is productivity an important concept in economics?

  69. How are capitalism and private property related?

  70. What are specialization and comparative advantage in international trade?

  71. How does price elasticity affect supply?

  72. What are the economic impacts of specialization?

  73. What factors influence a change in demand elasticity?

  74. What factors influence a change in supply elasticity?

  75. What is the difference between a command economy and a shadow economy?

  76. How does the law of supply and demand affect the housing market?

  77. What are some examples of ceteris paribus arguments in economics?

  78. Why are monopolistic markets inefficient?

  79. How do tariffs protect infant industries?

  80. What are some examples of inelastic goods and services that are not affected by the ...

  81. How does volume relate to economies of scale?

  82. What is the relationship between marginal revenue and total revenue?

  83. Why is there a negative correlation between quantity demanded and price?

  84. Why are microeconomic models different in the short run than the long run

  85. How does the law of supply and demand affect prices?

  86. What are the arguments against using ceteris paribus assumptions in economics?

  87. What's the difference between diminishing marginal returns and returns to scale?

  88. What is the difference between hypothetical isolation and substantive isolation of ...

  89. What are some advantages of a market economy over other types of economies?

  90. How does fixed overhead differ from varied overhead?

  91. What is the difference between a command economy and a mixed economy?

  92. What is the difference between economic profit and accounting profit?

  93. How is break-even analysis affected by economies of scale?

  94. How are semi-variable costs similar to fixed costs?

  95. How are net exports influenced by the crowding out effect?

  96. What safeguards exist to prevent the abuse of power in a market economy?

  97. What is the impact of inflation on liquid assets?

  98. Why are price and quantity inversely related according to the law of demand?

  99. Are there any exceptions to the law of demand in economics?

  100. Does the law of demand in economics describe real human behavior?

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