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Q: What are the problems faced by the avg production system in a developing country

A: There are many problems faced by the average production system in a developing country. Few among…

Q: Consider the two-period Neoclassical growth model seen in class. Suppose that income is measured in…

A: The neoclassical growth theory is based on the confluence of three driving forces—labour, capital,…

Q: 3 When the Reserve Bank sells government securities, the banks'   Group of answer choic…

A: In Open Market Operations, buying and selling of government securities and bonds leads to changes in…

Q: Maria loaned an amount of P100,000.00 payable in 15 equal quarterly installments. The first payment…

A: Cash flow is the inflow or outflow of cash into the business or outside the business. It means the…

Q: which is more important "Demand or supply"? How can we say that that the change in supply does not…

A:

Q: 2.The shoe company in Marikina have decided to increase to 18% per pair of shoes to due to its high…

A: Elasticity helps in determining the change in quantity demanded when there are changes in product…

Q: Suppose that changes in the bank regulations expand the availability of credit cards so that people…

A: [a] As given, holding cash is not required anymore which means money is less demanded by the people…

Q: Which of the following is an example of a negative externality (additional social cost)? Multiple…

A: When the creation or consumption of a product results in a cost to a third party, this is known as a…

Q: ffect of Price on Supply of Tires Suppose the quantity x of Super Titan radial tires made available…

A: given that the equation is  p-1x22=48 also price per tire is decreasing at the rate fo $6 per week

Q: Which of the following is not an approach to benefit transfer: Select one: O value transfer O…

A: Benefits transfer (BT), also known as value transfer (VT), is the process of transferring…

Q: Suppose that there are two firms producing a homogenous product and competing in Cournot fashion and…

A: Each firm in Cournot oligopoly maximizes profit by producing at a point where their respective…

Q: Mr. Jones sells scrapbooking materials. He charges $20 per album and sells 120 albums month at this…

A: Demand shows the inverse relationship between price and quantity demanded.

Q: Suppose the price of Cheerios rises by 25%, and the quantity of milk sold decreases by 50%. We know…

A: Cross price elasticity of demand measures the responsiveness of quantity demanded of good 1 with…

Q: Illustrate and explain how equilibrium is determined in an olipolistic market.

A: Markets that are controlled by a limited/less number of sellers are known as oligopoly markets. They…

Q: A firm has invested a sum of £100 million to construct new manufacturing plant. Workers spend 90 per…

A: "The size of investment multiplier tells how much a rise in income occurs when autonomous investment…

Q: Solve: 1. A/G, 10%, 5 2. P/G, 9%, 7 3. F/G, 0.25%, 10 4. P= ?, rate of increase = 2%, i=10%, n=30 5.…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Assume at the level of output where MC=MR, a firm experiences TR = $40,000 per week, TFC = $100,000…

A: Firm uses condition MC=MR It refers that firm is maximizing profit Given information TR=$40000…

Q: 10. Consider a two-person, two-commodity, pure-exchange, competitive economy. The consumers' utility…

A: In a two-person two commodities, pure exchange competitive economy excess demand is the total of all…

Q: According to Richard Thaler, what two things give economics its reputation as the most powerful…

A: Thaler  theory is all about the endowment effect and include the economic rationality in the…

Q: 20. When foreign real interest rates rise, the domestic currency ________. a) appreciates b)…

A: The rate at which one nation's currency may be exchanged for another across countries or economic…

Q: Find the demand equation using the given information. (Let x be the number of items.) A company…

A: Demand equation shows relationship between price and quantity demanded. It shows how much quantity…

Q: In which industry is the firm a price taker: a. monopolistic competition b. oligopoly O c. pure…

A: In a perfect competition there are large number of sellers and buyers and movement of one seller or…

Q: (Figure: The Demand for Winter Gloves) Use Figure: The Demand for Winter Gloves. The price…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level.

Q: The bank is paying 8.35% compounded annually. The inflation is expected to be 5.59% per year. What…

A: Interest paid by bank = 8.35% Compounded annually   Expected inflation = 5.59% per year

Q: Which of the following best represents a fixed cost: а. payroll b.rent Oc. cost of merchandise sold…

A: Cost refers to all the expenses occur in the process of production. Mainly there are two types of…

Q: 1. What are some of the problems associated with business income insurance policies?

A: When it comes to business income insurance, many people have concerns about the waiting time, what…

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A:

Q: 1. The IS curve is based on the goods market: Y C, + mpc (Y - T) + la-2r +G. Assume that the mpe 80.…

A: IS curve denotes locus of those points at which goods market is in equilibrium . It is drawn in (r ,…

Q: Figure 7-29 Price Dand Q1 Q2 Q3 Q4 Quantity Refer to Figure 7-29. Which of the following statements…

A:

Q: A country has a working age population of 50 million. Its labour force participation rate is 55% and…

A: Given Information, Working age Population = 50 million Labor Force Participation rate = 55%…

Q: Suppose the government borrows $20 million more next year than this year. How does the elasticity…

A: [a] When there is the borrowing of $20 million by the government then surely the supply of loanable…

Q: 1- Discuss how does the invisible hand of the neoclassical school differs from Smith's?

A: The difference between the invisible hand of Smith's theory and neoclassical school is as :-

Q: Assume the economy is initially in equilibrium with desired aggregate expenditure equal to real GDP…

A: Aggregate demand curve shows the negative relationship between the price level and output of the…

Q: Socialization is defined as ________. A. the process of adjusting and adapting to a…

A: The process of internalizing societal norms and ideals is known as socialization.Learning and…

Q: A distributor records the weekly sales of personal computers (PCs) in three retail outlets in…

A: Given; The cost price of each model is: Pentium (basic)= £480,            Pentium (extra)= £600,…

Q: When it comes to getting a college education, most people consider not O their self-interest; the…

A: Externality refers to spill-over effect of a good or service on the society.

Q: Suppose that labor is Becky's only variable cost and that she has a fixed cost of $30 per day and…

A: The factor of production (inputs) can be either fixed or variable in the short run.  Inputs are…

Q: What is “B.O.P”? Explain the importance of “Balance of Payments” to Managers of Public and  Private…

A: The term of bàlance of pàyment  (BOP), it has sometimes known as internàtional payment balance, is…

Q: Assume perfect capital mobility. Under a flexible exchange rate system, expansionary fiscalpolicy…

A: A flexible exchange rate system refers to the situation when any change in market demand and supply…

Q: Consider the demand curve illustrated in the figure to the right. Suppose at a price of $8 per unit,…

A: We are given with the graph and the price per unit is given to be as $8 Also the green shaded area…

Q: 100 SMC ATC 65 50 MR 500 1000 The whole point of being a monopolist is to earn positive economic…

A: Monopolist is a single seller in the market, selling unique good with no close substitutes.

Q: 2 3 3 2 5 4 1 1 4 3 5 4 4 2 6 3 2     Complete the 5-step model for these data,…

A: The correct answer is given in the second step.

Q: Richard Thaler gives three criticisms of the homo economicus model. The first of these is “SIFs.”,…

A: Traditional economics envisions a future filled by calculating, emotionless maximizers known as Homo…

Q: 5) The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage…

A: The annual worth or AW method refers to the value for an alternative, comprising of two prime…

Q: Read the following paragraph. Let Turkey be the domestic country. WHEN an emerging market loses…

A: Given information Turkey is under inflation pressure. Currency value in exchange market depreciates…

Q: Solve: 1. A/G, 15%, 9 2. 4. P= ?, rate of increase = 2%, i=10%, n=20 P/G, 10%, 7 3. F/G, 7.2%, 10 5.…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Suppose C = 9 + 0.75Y – 0.75T – 50r, I = 15 – 100r, T = 16, G = 21, and potential output is 125. r…

A:

Q: 3) A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…

A: Cost of insurance Annually : Warehouse = 1% of 700,000 = 7000 Merchandise = 0.9% of 600,000 = 5400…

Q: For a perfectly competitive firm operating in the short run, in order to maximize profits it should…

A: In a perfectly competitive market, price is constant so it is equal to marginal revenue. Firms are…

Q: Which of the following is NOT implied by the Quantity Theory of Money (QTM)? a With constant money…

A: Quantity theory of money shows the relationship between money supply, velocity, price level and real…

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.