. Price discrimination is not possible in case of

Q: Suppose demand for labor is given by the equation P = 75 – 20 and the supply for labor is given by t...

A:

Q: QUESTION 36 The phenomenon that occurs when high-cost domestic producers are replaced by low-cost pr...

A: Trade is defined as the exchange of commodities and services across the boundary of the country.

Q: e equilibrium exchange rate is 0.70 euros per dollar. At this exchange rate, the quantity demanded e...

A: According to the question, The equilibrium rate is 0.70 euros to the dollar. The quantity required e...

Q: If the MPC in 2020 was 0.9, a. how much would consumption increase initially as a result of the reco...

A: Given:- MPC=0.9 Recovery rebate=$293 billion in direct payment To calculate:- Rise in consumption=? ...

Q: If the coffee's demand function is q = 192 – p², at what price where the b. %3D - revenue is maximiz...

A: Q q=192-p2We know 5hat Total Revenue(TR)=p x qTherefore,TR=p(192-p2)     =192p-p3∂TR∂p=MRMR=192-3p20...

Q: Price £/unit E 'D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 shows...

A: Market equilibrium is determined when the quantity demanded of a good is equal to the quantity suppl...

Q: Consider the closed-economy model of the money market in which, the demand for real balances depends...

A: Given information Money demand function M/P=L(i,Y-T) M/D= real money demand  i= interest rate Y-T= d...

Q: Discuss how race, citizenship, and gender intersect with economics and those intersections affect pe...

A: In communism and communist type of government, there is complete control and rule of government over...

Q: Labor Market:Government raises the minimum wage from $8/hour to $12/hour; the current wage is $10/ho...

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor employe...

Q: In the United States, the wearing of a helmet is mandatory when riding a motorcycle. Which of the fo...

A:

Q: If the demand for a good is inelastic, an increase in the price of the good will cause the total exp...

A: To find : Total expenditure of consumer of the good. 

Q: On the foreign exchange market, an increase in a country's exchange rate O a. decreases the demand f...

A: When any foreign currency appreciates in the home country the demand for it will decrease and there ...

Q: Imagine that the demand curve for beer is given by P=9-Q and supply for beer is given by P=1+Q. What...

A: At equilibrium where demand for goods and services are equal to supply for it at certain price level...

Q: You have a plant that produces copiers for sale. Your costs for producing copiers are 1: $42, 2: $44...

A: The table attached below show total costs (as given in question) and marginal cost which is computed...

Q: D. All of the following are determinants of demand except

A: To find : What is determinants of demand except. 

Q: A textile firm in a competitive industry employs a particularly efficient manager to run the operati...

A: In a competitive market, to achieve a long-run equilibrium, the marginal cost must equal the price a...

Q: Which of the following are examples of market signals? O a. extracurricular activities Ob. education...

A:

Q: A small government contractor has a simple decision to make. There is a 60% chance that a new projec...

A: Given information Certain amount of successful completion of project=$100,000 There are 2 states of ...

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a c...

A: When a product gets underway for the production process, cost  takes place for producing that produc...

Q: GDP may be defined as: Group of answer choices 1.the final monetary value of all goods and services ...

A: The monetary value of an asset or service is the amount that would be paid in cash if it were sold t...

Q: Explain an inverted yield curve using the pure expectations theory.

A: Inverted yelid curve As long-term yields go under short-term yields, resulting in an inverted curve....

Q: Assume that people will spend $0.60 of every extra dollar they earn. Further assume that the real in...

A: According to the question, "people spend $0.60 of every extra dollar they earn" this means marginal ...

Q: If the exchange rate is constant and U.S. imports increase, then in the foreign exchange market the ...

A: "Correct option is c."

Q: What is the payoff to player 2 under the strategy profile (AK,D,FL) in this game?What is the payoff ...

A: Given,  Three Players : Player 1, Player 2 and Player 3 Player 1 has four strtegies :A, B, J and KPl...

Q: Solve the attachment. image

A: Given: Consumer's income is = $400 The price of X is = $10 The price of Y is = $2 Consumption of com...

Q: 10 9. 8. 4. 3. 1. 10 20 30 40 50 60 70 80 90 100 Baseball caps (thousands per month) Suppose that th...

A: Trade is defined as the exchange of commodities and services across the boundary of the country. Pro...

Q: QUESTION 41 Currently, the euro is being used by of the European Union.(closest number) O A. 19 memb...

A: When talking about European union, it can be seen that there are 27 countries who are the member of ...

Q: Corporate Income Taxes 240 Government Transfer Payments. 522 US Exports. 78 Undistributed Corporate ...

A:

Q: In the productivity curve figure, the impact of eduction and training that increases workers' human ...

A: The answer is - B. a shift from A to B

Q: hink about the rival and excludable properties of public goods. To what degree is radio broadcasting...

A: Public goods are those goods which are non-rivalrous and non-excludable.

Q: The Taiwan debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16% yea...

A: Total amount of debt is 12 trillion. So 12 trillion in dollars will be 12,000,000,000,000. Here inte...

Q: explain the four (4) ambitious targets Open Budget Survey sets to achieve open budgets within five y...

A: To find : Four ambitious targets

Q: Jim owns a pharmacy where he sells COVID tests. At the start of the year, he raised the price from $...

A: Price elasticity of demand refers to the responsiveness of quantity demanded to a change in the pric...

Q: The price of coffee rose sharply last month, while the quantity sold remained the same. Each of five...

A:

Q: Suppose you observe the time series of output y and real money supply M/ P reported in the Figure be...

A: Given information    

Q: If $1 USD = $1.09 CAD (Canadian dollar), which country has a stronger currency today? How do you kno...

A: Macroeconomics is important for a country and so is microeconomics an important part of people's liv...

Q: Person D is offered a the same game, for a price of £1.8. They decide are indifferent between partic...

A: A risk netrual person wil always be indifference between taking a lottery and not taking one.  He is...

Q: firm that employs only one variable input, labor, to produce a product that sells for $14 per unit. ...

A: Marginal cost is the additional cost of employing the labour. Marginal product is the change in outp...

Q: QUESTION 31 Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is ...

A: All answers for 31 32, 33 given below,  

Q: From the supply curve, use the midpoirt method to calculate the elastioty of supty when the price s ...

A: Price elasticity of demand = %age change in QD / %age change in Price  

Q: An airport is located next to a banana farm. The airport can fly X planes per day, but the burning f...

A: In question it is stated that the airline creates pollution and the banana industry is affected by p...

Q: Is the perfectly competitive market model realistic? If not, why do we want to study the perfectly c...

A: Perfect competition is a market model that assumes a large number of firms produce identical goods t...

Q: Which is the correct order once the AD or SRAS has shifted to start the inflation process? a. Price...

A: A shift of the AD or SRAS has shifted to start the inflation implies a rightward shift of the aggreg...

Q: We add the demands of private goods horizontally but add the demands of public goods vertically when...

A: There are four types of goods- Public, private, club, and common goods. the public good is non-exclu...

Q: Enumerate Similarities of the concept of demand and concept of supply.

A: The concept of demand says that at higher costs, purchasers will demand less of an economic goods. T...

Q: Suppose you observe the time series of output y and real money supply M/ P reported in the Figure be...

A: The ASAD model, also known as the Aggregate Supply and Aggregate Demand model, first and foremost re...

Q: Consider a competitive, price-taking firm that employs only one variable input, labor, to produce a ...

A: In perfect competition, many buyers and sellers are selling homogenous products. In this market, the...

Q: 5. Provide rationale for deductibles and copayments. What is the effect of deductibles and copayment...

A: For taking some service for example if an individual wanted to take some insurance then they need to...

Q: 1. For each of the following statements, determine if it is positive or normative. (a) Seattle is th...

A: The given microeconomics of macroeconomic statements are either positive or normative.

Q: Suppose government regulates the price of beef and sets it below the market clearing price. Explain ...

A: Price floor:- Some commodities are subject to price floors, which set a minimum price for them. They...