👑Microeconomics and Consumer Behavior  Essays

Explain the advantages of a sole proprietor.

Explain the benefits consumers may gain from a market economic system.

Explain the reasons why a high-income household may borrow more than a low-income household.

Discuss whether or not an increase in wages will reduce a firm's profit.

Analyse how a fall in a firm’s revenue may influence its spending on capital goods.

Discuss how the divorce of ownership from control may affect both the conduct and performance of firms.

Explain two causes of a shift to the right in the demand curve for fish.

Explain how a firm may benefit from both internal and external economies of scale.

Analyse how a monopoly could benefit consumers.

Explain the difference between inelastic supply and perfectly inelastic supply.

Analyse the factors that may make the supply of a product more price-elastic.

Explain why firms in a perfectly competitive market are price-takers.