Q: When long-run average cost is decreasing, it can pay to operat smaller plants at their peak…
A: Average cost, often known as unit cost, in economics is calculated by dividing the total cost (TC)…
Q: In both price-taker and competitive price-searcher markets, a decrease in market demand will lead…
A: A price taker firm belong to perfect competition and price searcher competitive firm belongs to…
Q: Suppose the government imposes an average pricing rule, requiring the monopolist to set its price…
A: The additional revenue which the firm receive by selling an extra unit of good is marginal revenue…
Q: By using Michael Porter’s five forces model, evaluate any industry of your choice.please provide…
A: According to the Micheal Porter's five for es model there are five significant forces that determine…
Q: A firm's production function is q = min (0.5K, 5L). The current wage rate, w = $10 and the price of…
A: Production function exhibits the relationship between the input and the output. The goods used in…
Q: Initial values are: PX = $9500 PY = $10000 I = $15000 A = $170000 W = 160 This…
A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Question 8 Which of the following changes would NOT shift the short-run aggregate supply curve? A an…
A: Short Run Aggregate Supply highlights the number of commodities a nation would be willing to supply…
Q: SCENARIO: Developers of a new housing scheme spend money putting in roads, lighting and clearing…
A: Market failure occurs when the distribution of goods and services in economy is inefficient.…
Q: Consider the choice between the New Zealand (NZ) and the US one-year bonds from the point of view of…
A: Interest rate in NZ = 5% Interest rate in US = 3.25% Exchange Rate : 1 NZ dollar = 0.58 US dollar 1…
Q: QUESTION 3 Assume the following: • Price 10 • Quantity = 20 • Explicit Cost = 50 • Implicit Cost =…
A: Economic Profit refers to the profit or revenue generated from the sale of any goods and services…
Q: The slope of an isoquant is A. ΔLTC / ΔQ B.-ΔK / ΔL. C.ΔTVC / ΔQ D. None of the Above
A: In economics, an isoquant is a curve that is plotted on a graph, displays all the pairings of two…
Q: Today’s rate for the USD/MXN is 21.72. Mexico’s 1-year interest rate is 6.0%. US 1-year interest…
A: The spot rate refers to current value of an asset in a market available for immediate delivery at…
Q: 1.2 Which of the following conditions would not be studied by the macroeconomist? a) The level of…
A: Introduction Macroeconomics is that part of economic theory which studies the behaviour of…
Q: What led to the creation of the Bretton Woods system? What problems was the system designed to…
A: At the UNMFC (United Nations Monetary and Financial Conference) which took place in July 1944,…
Q: 25. Solutions for information asymmetries include all of the following except: B) Pigouvian taxes.…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: Calculate the discounted payback period for the project. b) Calculate the Net Present Value of the…
A: The term "discounted payback period" refers to the length of time required to recover an initial…
Q: International economics is theory that helps explain how the real world works. Why is this statement…
A: International economics matters are the field of economic aspects that is worried with the economic…
Q: The European Central Bank is expected to set aside recession worries and deliver another jumbo…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: When a company has market power, it is _____ in its market
A: Introduction Market power is the ability of a business to set their prices above a level that would…
Q: Study the following table and answer the question that follows. Country Tons of Soybeans 100 150…
A: The value of the next-best alternative that must be given up in order to make a decision is referred…
Q: China's real GDP per person was 13,165 yuan in 2013 and 14,088 yuan in 2014. India's real GDP per…
A: The Standard of living is the material well-being of the average person in a provided population. It…
Q: Which of the following transactions counts towards Australia's GDP? (All activities take place in…
A: GDP stands for the total dollar worth of all products and services generated in an economy during a…
Q: Taxes and pollution charges OA. eliminate external costs so that firms produce the efficient…
A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…
Q: 1. Consider a pure exchange economy with two goods, 1 and 2, and two consumers, A and B, who have…
A: Pareto optimal allocation refers to those allocations deviating from which no one can be made better…
Q: A manufacturer producer certain items at a labor cost per unit of P 125, material cost per unit is…
A: Break Even Point is the moment at which total cost and total income are equal, or "even," is this…
Q: When a long-term operational asset is sold at a gain, how is the balance sheet affected? Is the…
A: As opposed to current assets, which are kept for less than a year, long-term operating assets are…
Q: MBC Limited is planning to embark on a new project in the heart of Cape Town. The project will…
A: a) Initial investment = $1250000 Years Cash flow…
Q: Message from our expert: Our experts need more information to provide you with a solution. Please…
A: Barbados' historical and cultural fabric is intricately woven with sugar. Barbados has relied on…
Q: 14. In a market economy The allocation of scarce resources determines prices and prices in turn…
A: Answer to the question is as follows:
Q: of answer choices $650. $750.
A: Given bill income = 1000 $ Taxes = 350 $
Q: The market equilibrium point for a commodity occurs when 3,200 units are produced and sold at Php124…
A: A linear demand functions depicts the relationship between the demand for a item or service and its…
Q: Anne's utility function is U(x, y) = 2(x+y) - min{x, y}. Given the income M, please derive the…
A:
Q: The economy of Bananaland can be characterized by Equation 9.3. EQUATION 9.3:…
A: Consumption function includes autonomous consumption and consumption dependent on Income of…
Q: 1.12 Study the following diagram and answer the question that follows. Expenditures (billions of…
A: Consumption function includes the autonomous consumption and consumption dependent on Income. MPC…
Q: Mr Phiri has K10,000 in his account. He is considering investing in a project which has 70 %…
A: Given that; Income = K10,000 Probability of earning a profit= 70% Probability of incurring a loss=…
Q: In 2007, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2007, the city of…
A: Budget deficit means the spending of government is more than the revenue generated. Budget surplus…
Q: 1.2. The consumption function for a simple economy is given by C = 330 + 0.6Y 1.2.1. Write an…
A: consumption is the amount of income which is not saved. and it is influence by the disposable income…
Q: Which of the following is true about exchange economies? Oa. All core allocations are efficient. Ob.…
A: An efficient allocation in economics is referred to the allocation point of the products and…
Q: 2. The demand function for a certain item is given by D(p) = 1000 p³ Find the elasticity of demand…
A: Price elasticity measures the percentage change in quantity demanded due to percentage change in…
Q: In an economy, potential GDP is $20 trillion and the natural unemployment rate is 4 percent. If the…
A: Okun's Law states that every 1 percentage decrease in unemployment rate increases the real GDP by…
Q: 1. Give an example of trade policy when it comes to sugar in the Caribbean?
A: A government's agreements, rules, and practices that influence commerce with other nations are…
Q: Firm ABC is currently producing 50 units of output at an average cost of $18. Customer A is willing…
A: Marginal cost refers to a change in the total cost that occurs if the item produced is incremented,…
Q: f workers accurately predict the rate of inflation, is there a short-run trade-off between inflation…
A: Inflation and unemployment are said to have an inverse connection, according to the Phillips curve.…
Q: In a rich country A, the gross domestic product 1 per person is r = 53,000 (US dollars). In a poor…
A: GDP refers to the value of final services and goods that are produced in an economy at a particular…
Q: In the second half of 2021, Congress passed and President Biden signed into law a $1 trillion…
A: The aggregate supply and aggregate demand model is the one in which the equilibrium level of output…
Q: Suppose you borrow $5,000 at 7.25% interest for 14 months. What is the maturity value?
A: Simple interest is one of the easiest method to compute the amount to be received at the end of…
Q: so what are the revenue implications of the two policies?(minimum unit price and a tax on alcohol)
A: Revenue implications are one kind of revenue which is imposed by the government and this type of…
Q: During year three, Pricilla starting collecting data on why people were buying dresses. She and the…
A: Wedding Events Average Monthly Temperature Year 3 Demand 2 1 32 212 0 0 30 245 0 5 42 252…
Q: which is incorrect? a. smaller countries are more likely to get aid b. Aid can be an incentive for…
A: Foreign aid is the money, services or goods that one country or an international institution…
Q: Refer to the attached graph. Assume that the governments of the six states comprising New England…
A: Answer to the question is as follows:
Asap plz asap plz asap plz
Handwritten solution acceptable
Urgent
Step by step
Solved in 2 steps
- Qd= 65 – 10P Qs= -35 + 15P How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2? Show on the Demand-Supply diagram in (a), the graphical interpretation of your answer of (b).Demand and supply in a market are described by the equations Qs= 1800 + 240P Qd= 3550 - 266P a) Solve algebraically to find equilibrium P and Q b) Draw the demand and supply curve and show equilibriumThe market demand for productXis given by: \[ Q_{d}=6-1 / 2 P \text { or } P d=12-2 Q \] The market supply for goodXis given by: \[ Q_{s}=-14+2 P \text { or } P s=7+1 / 2 Q \] whereP=price per unit andQis number of units. Draw a supply-and-demand graph with these curves. 1.) Using the line drawing tool, draw the supply and demand curves. Properly label your lines. 2.) Using the point drawing tool, plot the equilibrium point. Label your point 'E'. Note: Carefully follow the instructions above and only draw the required objects. The equilibrium price is$and the equilibrium quantity is unit(s). (Enter your responses as integers.) A per-unit excise tax is imposed on suppliers of productX, and the market supply with the tax is now given by: \[ Q_{s}=-19+2 P \text { or } P s=9.50+1 / 2 Q \] Using the graph on the right, show this supply curve. 1.) Using the line drawing tool, draw the new supply curve. Label your line 'S1+tax'.1. Note: Carefully follow the instructions above and only draw…
- a) Diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in covid-19 pandemic it europe and the united states. b)Diagrammatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel demand.Q3Use a matrix method to find the equilibrium prices and quantities where the supply and demand functionsfor Good 1, Good 2 and Good 3 are asQd1 = 50 − 2P1 + 5P2 − 3P3, Qs1 = 8P1 − 5Qd2 = 22 + 7P1 − 2P2 + 5P3, Qs2 = 12P2 − 5Qd3 = 17 + P1 + 5P2 − 3P3, Qs3 = 4P3 − 1A stadium can seat 60,000 people. Assume 35% of seats are not occupied (not for sale) because of Covid-19 and social distancing requirements. You are told that the current price of tickets is $70 and that the demand is linear and that the demand function (Qd) = 60,000 - 250P. examine the market for tickets for games at the stadium during these Covid times. You should Illustrate themarket for tickets using a demand and supply diagram. Show all your calculations and properly label the diagram. At $70 a ticket the cap on the number of seats available (because of Covid restrictions) is creating a shortage. How many people miss out on tickets when they are priced at $70 per ticket?
- Market Equilibrium A retail chain will buy 900 cordless phones if the price is $10 each and 400 if theprice is $60. A wholesaler will supply 700 phonesat $30 each and 1400 at $50 each. Assuming that thesupply and demand functions are linear, find the market equilibrium point and explain what it means.1. The marginal price ?? ?? at ? units of demand per week is proportional to the price p. There is no weekly demand at a price of $1000 per unit, that is ?(0) = 1000. There is a weekly demand of 10 units at price of $367.88 per unit, ?(10) = 367.88. (A) Find the price-demand equation. (B) At a demand of 20 units per week, what is the price? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The lockdown around the world has caused the rapid growth in the electronic market as people have shifted from conventional methods to the new methods for imparting knowledge and staying connected. If demand and supply function are given as: Qd= 65 – 10P Qs= -35 + 15P Find the equilibrium price and quantity and show it on labeled D/S diagram. How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2? 3.Show on the Demand-Supply diagram in (a), the graphical interpretation of your answer of (b).
- Time remaining:00 :09 :39EconomicsUse the following to answer questions (29) - (31):In the town of “One Horse” there is one movie theater. Two groups of consumers, adults (A) andchildren (C), attend this theater. Suppose the demand for movies by adults is given by:QA = 50 - 0.50PA, where PAis price ofan adultmovie ticket(in cents)and QAis the numberofmovie tickets sold to adults atthe theater. Suppose the demand for movies by children is given by:QC = 20 - 0.50PC,where PCispriceofa children’s movie ticket(in cents)and QCis the numberofmovie tickets sold tochildren atthe theater. Also, imagine totalcostis fixed at$450, thus makingmarginalcostofprovidingonemore movie ticket to either an adult or a child constant at zero.[29]Ifthe movie theateris able to price discriminate amongits two groups ofconsumers, then itshouldcharge a higher price to group A.A.TrueB.False[30]Ifthemovie theateris able to price discriminate amongits two groups ofconsumers, then itsmaximum profit is closest in value…Plz solve in 1/2 hour it's urgent The market for bananas has the following demand and supply functions Qd= 8 – 3P + Y Qs = 4 + P + 0.5W Where Q is quantity, P is price, Y is income and W is an index of weather. Assume that production is negatively affected by a cyclone. Generate a new supply function accounting for the cyclone shock and assess the effects of poor seasonal conditions on the market outcomes P, Q and revenue.a. Estimate the equlibrium price and quantity of the market whose demand and supply functionsare pd = −(q + 4)2 + 100 and ps = (q + 2)2respectively. b. If the region A (shaded grey) in the diagram above represents a solution set, derivethe system of inequalities which define that region.