1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price increases and demand is inelastic, will total revenue increase? And why?

Q: 35) What is the firm’s efficient scale?  A. the quantity of output that minimizes average total cos...

A: (35)  A firm's efficient scale implies the production of output such that it minimizes the average t...

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A: Option B is the correct Answer

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A: The benefit-Cost ratio is a method to analyse the economic worthiness of a project. It compares the ...

Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...

A:

Q: 6. A transfer payment is a govermment payment A not made in exchange for a good or service. B. to co...

A: Note: We will answer the first question since the exact one wasn't specified. Please submit a new qu...

Q: The normal-form game bax belowoutlines a generic game for two players to illustrate basic principles...

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be answerin...

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A: Fals option is part B.

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A: Tax is the compulsory payment made by the Individual and any organisation to the government without ...

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A: *Answer:   

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A: There are different forms of market under duopoly system, such as stackelberg duopoly, cournot duopo...

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A: Given:

Q: tuition and fees for an in-state full-time student at the University of Hawaii at Manoa increased fr...

A: We have, Tuition fees (2010-11)=$8,095 Tuition fees (2017-18)=$11,754 Years 2000 2001 2017 2018 ...

Q: With an inverse demand equation of  P = 10 – 0.05Q and an inverse supply equation of P = 1 + 0.10Q: ...

A:

Q: A tariff on an imported good lowers the price in the domestic market and raises the price the domest...

A: here we find the given as follow;

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Q: How do you expect future oil prices to  behave? Please justify your response.

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Q: Consider the Nash Bargaining game. There are 2 players who have to decide how to split one dollar. T...

A: A Bargaining Game is defined as a game where two or more players bargain on how to equally divide th...

Q: Suppose that a firm's estimated production Q = K3/4L1/4 What is the marginal rate of technical subst...

A: Marginal rate of technical substitution refers to the ratio of marginal product of labour and margin...

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A: The dominant strategy is the strategy that shows the possible outcomes of the event happening. The d...

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A: "Labor productivity refers to real output (GDP) per labor hour." "Growth rate of labor productivity ...

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A: A. Incorrect  In open market operations fed purchase and sell government securities to control money...

Q: Write down the three mai and core points of Criticism of Marshallian View?

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Q: what do you think are the major implications of Ukraine-Russia crisis? Consider a particular good or...

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Q: Why is it easier to identify the costs than the benefits of international trade?

A: International trade refers to the exchange of goods and services between nations. It includes export...

Q: 6. The double-entry principle in the balance-of-payments How will the following transactions affect ...

A: When talking about US balance of payment account, any inflow of cash will be recorded in the credit ...

Q: Consider the two-player game depicted below A f1,5 2,2 0,4 3,1] в 13,0 4,1 2,5 4,2 c [1,3 2,6 5,2 2,...

A: Nash equilibrium refers to the equilibrium when the dominant strategy matches different players. The...

Q: Assuming Prunella has only 2 units of land, how much extra output does she get from adding an extra ...

A:

Q: There are only two views of advertising: informative and persuasive.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: A manufacturing company has been working with one of its primary suppliers to improve the quality of...

A: COQ is a methodology that allows an organisation to identify how much of its resources are spent on ...

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A: A recession is a prolonged period of declining economic performance across an entire economy. A rece...

Q: Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequality...

A: The forum that engages business, political, and other social leaders for shaping regional, global, a...

Q: What is the impact of air transport on the hospitality and tourism industry?

A: '' Since it is multiple question, we will solve the first question. If you want any specific questio...

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: In an economy, price ceiling refers to the one of the ways of controlling prices by the government a...

Q: Problem 1 Knott's Industries manufactures three models of backyard swings: Standard, Deluxe, and Pre...

A: There are a total of 5 machines available. We need to find out the total amount of time for which ea...

Q: 17) What does a firm that exits its market still have to pay? A. its fixed costs B. it...

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Q: Which party does Coase see as the responsible party when there is a real negative externality? How d...

A: Externalities means the negative or positive effect of economic activities on person's well being wi...

Q: 2. A loan of $25,000 was repaid at the end of 9 months with $28,500. What annual rate of interest wa...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: Given two demand curve drawn over the same price/output space, the steeper one will be a. elastic b....

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: 2. Cloneville is a town consisting on 100,000 identical citizens. Each citizen has a current total w...

A: Number of citizens =100,000  Utility function for each citizen : U(w) = w1/2 Actuarily fair premium ...

Q: small a small open economy, illustrate how a fiscal expansion (such as an increase in government spe...

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Q: 40 The following cost data is for a firm which is selling in a perfectly competitive market It the m...

A: In perfectly competitive market prices constant so it is equal to marginal revenue. Profit is maximi...

Q: P1.  Let’s assume there are only 2 countries that produce 2 good.  More specifically, suppose that t...

A: Given: The US can produce 40 units of Wine with 1 unit of productive resources and 40 units of Cloth...

Q: Given: Market for Flowers Price of Flower/boquet 100 330 500 Qd (x) of Flower/boquet 40 Point Price ...

A: Given information

Q: Suppose the government is weighing different fiscal policy options, and they would like your help es...

A: As given decrease transfer to households by $1000 or decrease government purchases of goods and serv...

Q: Give an example of an Elastic product, what makes it elastic? What can make it become inelastic?

A: In a market, there are numerous product which are elastic as there quantity demanded will change sig...