Hi friend, pls help with my microeconomics assigment. TY for helping?
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(a) If marginal revenue is greater then the marginal cost, this signifies that variable costs for production of every subsequent unit are greater then additional revenue associated with it. Therefore, the company is either operating above the equilibrium point or is unable to reach it. As such, company should reduce the level of production to achieve the equilibrium point or stop producing at all. \n\nI would love to help you more on this assignment. If you need professional help - contact us at http://custom-writing.org/\nYour source for professionally written essays and A+ homework.
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Macro (meaning large) Economics involves the economy as a whole - the overall functioning of the whole economy.  As opposed to microeconomics which deal with the workings of a single industry (or several industries).  Microeconomics would look at supply and demand of a single product such as oil.  When Katrina hit and disrupted the oil supplies and the oil industry in the Gulf of Mexico, oil prices shot up (supply and demand).  That is Microeconomics.\n\nMacroeconomics would look at that same event (Hurricane Katrina) and examine how that event would impact total good produced.  How would the rise in oil prices affect the shipping of goods (and the airline industry in general) and how would that reduction in goods shipped impact employment in affected industries?  How should the Federal Reserve respond and adjust interest rates and the money supply to dampen those negative effects?\n\nWhat would the impact of Katrina be on quarter-to-quarter growth in the economy?
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Economics has both a quantitative and a qualitative nature. A simple understanding of comparisions, fluctuations and changes are necessary to comprehend the rudiments.
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i assume you want a demonstration of the use of numbers and math in daily life... try these\n\n1. suppose brand a of candy sells for 2.37 for an 8 oz bag and brand b sells for 3.05 for a 11 oz bag ask audience which is a better deal ?, why ?, how can we compare the 2 brands to get a definite answer ? Now you introduce the idea of unit price which is $amount/weight do this for each brand. The smaller value for the two brands is the better unit price or the better deal.\n\nfind three different size circles. measure for each one the distance around the circle and the distance across the center of it write these values down for each circle.  Now for each pair of measurements divide the around value by the across value. ask the audience to compare the three quotients and note anything unusual.  what will happen is that no matter the size of the circle distance around/distance across is the same value about 3.14159. now state that pi is the ratio of dist. around / dist. across for a circle and is the same regardless of size of circle
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this link will be of help to u...go thru it .. u will understand...\nhttp://en.wikipedia.org/wiki/Capitalism#Capitalist_theory
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I'm not going to do you're homework for you and I suggest that if you can't answer this you may want to consider dropping your econ class or getting some special help.  In most cases Marginal Cost = Supply for a given firm.  You're market clearing point will be Supply = Demand (for a competitive firm).  You can use that information to solve the rest.
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"c. marginal propensity to consume (MPC)\n\n1) definition \nThe fraction of any change in disposable income spent for consumer goods; \nEqual to the change in consumption divided by the change in disposable income. \n2) formula\n\nMPC = change in C /change in income \n\nd. marginal propensity to save (MPS)\n\n1) definition \nThe fraction of any change in disposable income which households save; \nEqual to the change in saving divided by the change in disposable income. \n2) formula\n\nMPS = change in S /change in income \n\n3) MPC + MPS = 1"\n\n\nMPC + MPS < 1 is simply not possible.  Money wil be either spent (C) or saved (S).\n\nMPC + MPS > 1 is not sustainable.  Spending and saving more than your income is the path to bankruptcy.  On a macro scale this is economic collapse.
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Okay, I think this is what you're asking: suppose merchant A sells 2 bananas for $5 and merchant B sells 3 bananas for $5. Then one of the merchants gets sick and the other switches to selling 5 bananas for $10, will the other mechant make more or less oney than if he had sold at his original price?\n\nIf merchant A sells at 5 for $10, he will lose money.\nIf merchant B sells at 5 for $10, he will gain money.\n\nJust compute the amount each merchant makes per banana - Merchant A makes $2.50/banana and merchant B makes $1.67/banana (rounded to nearest cent). If they sell 5 for $10, they would make $2/banana.
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All in all, the three guys spent 10 dollars (-10) and got a dollar back (+1), making their loss 9 dollars each (-9).  \nSo in total, their loss is: 3 * -9 = -27\n\nThe lodge gained 30 dollars, and gave back five dollars. (30-5 = 25).\n\nThe bellhop gained 2 dollars (+2).\n\nSo, if everything is balanced in terms of gains and losses, -27 + 25 + 2 = 0.  Thus, there is no "other dollar", that was just a trick (the purpose of the story problem).  The wording of the problem led me to think about it in an incorrect manner, initially... which is the point!\n\n--- edit ---\nHah, I opened this screen up to answer the question, then did some office work before typing the answer, and by the time I posted, someone had already put the correct answer, which I didn't realize when I posted... hah.
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Sorry.  However, everyone is right, you've got to do your own homework.  If you try a search on just about any search engine, it should bring up at least one thing that will help you.  All else fails, head to a book store!
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Try cia.gov I did a whole economics report off of this website.  It gives the economic breakdown of each country and is very complete.  Good luck!
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If you're not going to the library, perform this search:\n\n "economics" and "social environment" and "Egypt"\n\nin Yahoo, in the exact format presented above.
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cost\nsaturated market
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Capital, labor, and technology\n\nY=A*F(K, L)
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http://www.economy.com/dismal/\nThis web site is a good starting point.
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I suppose you were given more than those three consumption figures, but didn't put them in here? \nYou could plot these points on a graph, putting the mass values along the horizontal axis and the consumptions on the vertical.  If they are in a straight line, or nearly so, continue the line back to the point above 25kg on the mass scale, and see what consumption value it has.
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In the textbook you got the question out of. Read it! LOL