Q: Below are various statements about different budgeting techniques. Which is false? Budget ratcheting...
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Q: Which of these is true? Budgeted fixed factory overheads = Budgeted overheads per unit x actual volu...
A: Overhead is the ongoing expenses of the business that are not directly related to the production of ...
Q: give examples of social contract ethics?
A: Social contract ethics is the agreement measured by the obligations imposed on the society implied b...
Q: What makes the 2007-2009 recession special? 1. because of the length of the recession 2. because of...
A: Great recession and the causes is complex and involve several forces.
Q: is unemployment and inflation are important determinants of short-run material welfare, whereas prod...
A: Welfare in the economy is the level of standard of living and prosperity of either a group or indivi...
Q: The production of goods and services valued at current prices is called real GDP. Select one: a. F...
A: Under macroeconomics, the major economic decisions are undertaken by the government and the state in...
Q: If the quantity sold of a product rose from 4 units to 6 units as a result of a price decrease from ...
A: price elasticity of demand = %change in quantity demanded / %change in price
Q: Suppose more companies begin to “nudge” their employees into saving for retirement throughthe use of...
A:
Q: From 2008, how might monetary policy (as reflected in the OCR) have affected the degree of crowding ...
A: Monetary policy refers to change in money supply and money demand by central banks through open mark...
Q: Economics Question
A: The Stabilization Policy is a policy formulated by the government or the central bank of an economy ...
Q: Consider the following game played with an ordinary deck of 52 playing cards: The cards are shuffled...
A: Every strategy has probability 1/52 of winning. To show this, we will use induction to prove the str...
Q: When a par ar firm is fully utilizing its capital, its output is given by Y = 10 x LO5. The cost of ...
A: Given, Y = 10 L0.5 Cost of labor = OMR 1 per unit
Q: Changes in the consumer price index are useful in predicting changes in the producer price index. S...
A: Inflation is defined as a rise in the general prices of a predetermined basket of goods and services...
Q: Market Structure Number of Firms Type of Product Sold Price Taker? Price Formula Freedom o...
A: Markets are broadly categorized into 4 types basis the number of buyers and sellers. They are 1. Pe...
Q: With regard to elasticities of demand: Group of answer choices: A) price elasticity should actually...
A: Price elasticity is the % change in quantity demanded divided by % change in price.
Q: Which of the following is true regarding line-item budgets? a. Line-item budgets reduce possible man...
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Q: Question 34 Which of the following would be not be included in the GDP of the U.S.? There is more th...
A: Disclaimer: As per Bartelby guidelines, unless specifically mentioned for multiple question types, o...
Q: Title Actions by the Federal Government that decrease the progressivity of the tax system: a. decre...
A: Tax system of a country refers to the process through which the tax has been collected by the govern...
Q: did keynes believe that wages/prices were sticky in general-up and down? or just down?
A: Stickiness is a market situation in which a nominal price is resistant to change. Although it is mos...
Q: 8. Assume the price was legally changed to $8.50. What is now the quantity supplied at $8.50? *
A: Market demand refers to the total demand for a good or service by all the consumers in the markets a...
Q: The supply curve of a competitive firm is the postion of marginal cost that is
A: In a competitive firm, the demand curve is horizontal because the market sells identical goods so th...
Q: Why the government can't only choose increasing either education or health expenditure in order for ...
A: Education and healthcare are two pillars of human development in any country. ...
Q: Question 1a. With the aid of a diagram explain how a monopolist determines how much output to produc...
A: Disclaimer: As per Bartelby guidelines, unless specifically mentioned for multiple type questions, o...
Q: What are five methods to increase luggage compartment security?
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Q: Among the four choices, which policy would yield the highest value according to a “Rawlsian” welfare...
A: An individual welfare is maximized where indifference curve is tangent to the budget line. Social we...
Q: Explain this, Instead of utilizing humans to produce wealth, we have to utilize wealth to produce hu...
A: Human capability refers to the set of various functioning skills that an individual possesses in ord...
Q: 9. A loan of $10000.00 taken out 6 months ago is to be repaid by 3 equal installments due now, 1 yea...
A: Installment: It is one of the parts into which a debt is divided when payment is made at intervals.
Q: Suppose the inflation rate is zero, the income elasticity of money demand is 0.75, and the interest ...
A: The money demand curve is a downward sloping curve which shows the relationship between the income o...
Q: Identify all of the correct statements: Managers act in their own interests, and so there is no way ...
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Q: A consultancy firm, focusing on capacity building in Research Methodology has a demand function Q = ...
A: As there are multiple parts to the problem, the first three parts would be solved. To get answers to...
Q: This table shows for the profits of firm a and firm b. Answer both parts a and b please Part a) Is ...
A: Nash equilibrium is that the very best outcome for all players in scientific theory. This equilibriu...
Q: Show all the necessary steps that lead to your answer. 1. Consumption $6000 (in billion) Gross Inv...
A: Gross Domestic Product is the value of all goods and services that are produced within the geographi...
Q: The shut-down point for a competitive firm is in the short run is where
A: In the short run the shut-down point for a competitive firm is in the is where the average revenue(p...
Q: The CPI measures: Select one: a. The overall cost of goods and services bought by a typical custom...
A: CPI measures the cost of a fixed basket of goods and services purchased by a typical household, whic...
Q: Exercise 2.2 Consider a two-period economy that has at the beginning of period 1 a net foreign asset...
A: Given Information: The new foreign asset position (in period 1) = -100 Current account deficit (in p...
Q: One of the DISADVANTAGES of intensive distribution is that it: Group of answer choices: A) is diffi...
A: Intensive distribution: - It is a marketing strategy in which the producer supplies its goods to all...
Q: What is the main takeaway implication of the Malthusian growth model? In particular, what policy rec...
A: In the 19th Century, an English Economist Reverend Thomas Malthus published "An Essay on the Princip...
Q: Define voluntary organizations?
A: Voluntary Organisations are the non-profit, autonomous, non-statuary organization which is run by th...
Q: Suppose that the supply function of some commodity is S(q) = q +5q+100 , and the demand function for...
A: Cosnumer surplus= q∗∫0d(q)dq−p∗q∗
Q: Total revenue from the sale of X is given by the equation R=60Q-Q2. Calculate the value of marginal ...
A: The marginal revenue would be the ratio of change in the total revenue and the total change in the u...
Q: help
A: The expected value of the return or the wining of the firm would result in the probabilities of the ...
Q: Which of the following best captures the idea of the fundamental economic problem? Choose 1 answ...
A: Scarcity is the condition of a limited supply of goods and raw material with unlimited demand.
Q: need the solve fast
A: Supply and demand is the relationship between the quantity of a commodity which producers in turn wi...
Q: In the market for reserves that determines the federal funds rate (FFR), suppose the initial FFR equ...
A: The federal funds market is the opportunity for the banks that have excess reserves can lend to bank...
Q: What is Penys fad mandacturing ovethead volume vanance? OA S2500 untavole OB $2325 00 tavorable OC S...
A: Overhead is the ongoing expenses of the business that are not directly related to the production of ...
Q: This table shows a game played between two players, A and B. The payoffs in the table are shown as (...
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Q: Answer parts a-c plz total cost= 100+2q2 marginal cost = 4q market demand curve = 90-2q monopolist’s...
A: Given, Total cost= 100+2q2 Marginal cost = 4q Market demand curve = 90-2q Monopolist’s marginal reve...
Q: Economic
A: Meaning of Perfect Competition: The term perfect competition refers to the market under which ther...
Q: Refer to the information provided in Table 7.5 below to answer the questions that follow. Table 7.5 ...
A: A price index is a weighted average of a particular basket of goods creative to price in the base ye...
Q: 1. Micro Enterprises has the capacity to produce 10,000 widgets a month, and currently makes and sel...
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...
Step by step
Solved in 2 steps
- Draw a monopolists demand curve, marginal revenue, and marginal cost curves. Identify the monopolists profit-maximizing output level. Now, think about a slightly higher level of output (sayQ0+1). According to the graph, is there any consumer willing to pay more than the marginal cost of that new level of output? If so, what does this mean?Suppose demand for a monopolys product falls 50 that its profit-maximizing price is below average variable cost. How much output should the film supply? Hint: Draw the graph.How is the perceived demand curve for a monopolistically competitive film different from the perceived demand curve for a monopoly or a perfectly competitive film?
- When OPEC raised the price of oil dramatically in the mid-1970s, experts said it was unlikely that the cartel could stay together over the long term-that the incentives for individual members. to cheat would become too strong. More than fort),r years later, OPEC still exists. Why do you think OPEC has been able to beat the odds and continue to collude? Hint: You may wish to consider non-economic reasons.How can a monopolist identify the profit-maximizing level of output if it knows its total revenue and total cost curves?How does the demand curve perceived by a monopolist compare with the market demand curve?
- Continuing with the scenario in question 1, in the long run, the positive economic profits that the monopolistic competitor earns will attract a response either from existing firms in the industry or film outside. As those films capture the original films profit, what will happen to the original films profit-maximizing price and output levels?Consider the curve in the figure below, which shows the market demand. marginal cost, and marginal revenue curve for firms in an oligopolistic industry. In this example, we assume firms have zero fixed costs. Suppose the firms collude to form a cartel. What price will the cartel charge? What quantity will the cartel supply? How much profit will the cartel earn? Suppose now that the cane] breaks up and the oligopolistic firms compete as vigorously as possible by cutting the price and increasing sales. What will be the industry quantity and price? What will be the collective profits of all firms in the industry? Compare the equilibrium price, quantity, and profit for the cartel and cutthroat competition outcomes.What stops oligopolists from acting together as a monopolist and earning the highest possible level of profits?