A monopolist sets the price at $10.At this price the absolute value of the elasticity of the demand is 2.what is the monopolists

Q: 3) A Gillette Stadium vendor sold 500 hamburgers at $10 each and 750 hot dogs at $5 each during…

A: Cross price elasticity measures the percentage change in quantity demanded of good 1 with respect to…

Q: Consider the following cost function: Total Cost = 50+5Q^3 and demand curve Price= 5000-275*Q Given…

A: The profit is maximum at MR=MC MR=5000-550Q ....... An MR curve is double sloped than an inverse…

Q: Consider an economy whose marginal propensity to consume is c = 0.6 and taxes, T, are lump sum.…

A: Saving is basically that part of income that is kept aside after consumption for future expenses. It…

Q: Interest rate spread Suppose that a 5-year Treasury bond pays an annual rate of return of 2.9%, and…

A: An interest rate can be defined as the amount charged by a lender to a borrower for any sort of…

Q: The growth in the velocity of M2 has been steady at about 2% since 1950 so we figure it will stay…

A: Answer; We Know That   Inflation in Future ( P)= 5%   Rate Of Growth Of Real Output (Y) =…

Q: 34. The natural unemployment rate for a country is 6%. If the country's potential GDP is 55000 and…

A: Answer; 34) Option (e) None of the above is correct

Q: A certain beverage company provides a complete line of beer, wine, and soft drink products for…

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

Q: If the reserve ratio is 12.5%, the deposit multiplier is: Select an answer and submit. For keyboard…

A: The money multiplier is a measure of change in total money supply because of a change in the…

Q: Figure 2-11 Pails Fetched Boards Sawed Jack 20 4 Jill 10 5 Using the information in Figure 2-11,…

A: Opportunity cost (OC), is the loss of Quantity of a good which when another good is being produced.

Q: 3. The marginal cost of preparing a large latte in a specialty coffee house is $1. The firms market…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: 2 3.- Once a monopolist chooses their profit-maximizing level of output, they use the to find the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: If a firm spends $200 to produce 20 units of output and spends $400 to produce 40 units of output,…

A: Marginal cost is the additional cost incurred to produce an additional unit of output

Q: $ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal…

A: The implied rate is an interest rate equal to the difference between the spot rate and the forward…

Q: For some years, Mel has contracted with several major pizza retailers for home delivery services. He…

A: Given,  New Van :Cost : 137,500 with economic life of 6 yearsTrade in value : 45,000AOC of…

Q: The task to complete is to create a scenario in which a monopoly might form and analyze that…

A: Market refers to the place where the buyers or sellers come together to meet each other for…

Q: 1. a) Copy Figure 4.10 (below) into your notebook and fill in the Surplus/Shortage column. What is…

A: Question 1's solution is given below

Q: b. Suppose market demand is Qº= 1,000-40P. Solve for output per firm (Q), the long-run competitive…

A:

Q: The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling equipment that costs…

A: Given information First cost=$119000 Annual revenue=$33100 Salvage value=$31600 CCA rate=30% Tax…

Q: Randall owns a small bakery. During his first few months in business, he charged $4 for each…

A: "The law of demand in economics states that when price of a commodity rise the quantity demanded of…

Q: Question: What Must Be True About The Level Of Government Expenditures And Tax Revenue... What must…

A: Government budget: - The government budget is the description of the government's expected revenue…

Q: A firm invested $500,400 in manufacturing equipment and started producing toys. It costs $5 to…

A: Total cost is the expenditure that is incurred in the production of goods and services. It means the…

Q: The task to complete is to create a market scenario for a branded handbag. (You can google handbags…

A: Monopolistic competition is a market structure in which a large number of companies produce products…

Q: The amount of goods and services people can buy with the money they have is called their Multiple…

A: 3rd option is correct  Standard of living is the amount of goods and services the average person can…

Q: Explain the similarities of the experiences of at least two racial and ethnic groups.

A: Definition Race is a powerful social reality as well as a significant and long-lasting aspect of…

Q: you assume that a firm has a U-shaped average cost curve, why would large and small firms have…

A: The economies and diseconomies of scale lead to the U shaped average cost curve.

Q: 15. Consider a single competitive firm that starts off with zero capital in time 1. It's trying to…

A: * SOLUTION :-    (10) Given that ,

Q: QUESTION 8 Covered interest rate parity differs from uncovered interest rate parity in the following…

A: A theoretical situation in which the relationship between interest rates and the spot and future…

Q: Consider the following game, which is played simultaneously: B 1 1 -1 A 2 1 What type of game this…

A: Player A and B are heading in the same direction.

Q: s China interested in accountability in global business?

A: Accountability is a willingness to be open and upfront about one's performance, enabling others to…

Q: The maker of a leading brand of low-calorie microwavable food estimated the following demand…

A: Given, Assume the following values for the independent variables: Q = Quantity sold per month P (in…

Q: Need help with this. If nominal GDP is $100 and the money supply is $25 then money velocity is?

A: Introduction The money velocity is a measurement of how many times an average unit of currency is…

Q: Harry and Sally own a dog-walking service. Their service includes driving to their customer's homes;…

A: Given information Originally charged value=$20 Changed price=$15 Fixed cost=$350 per month Variable…

Q: 5. The role of brand names and advertising Which of the following statements about expenditures on…

A: Answer: (1). Advertising is done to provide a signal to consumers about the superior quality of the…

Q: A cartel in an industry: O leads to price wars. leads to the coordination of the increase in prices…

A: Oligopoly is defined as a market structure in which there are few sellers of a product, ranging…

Q: Making dresses is a labor-intensive process. Indeed, the production function of a dressmaking firm…

A: production function of a dressmaking firm=Q = L − L2800 where Q denotes the number of dresses per…

Q: assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a…

A: Perfect competition is a market in which there are a large number of buyers and sellers, all of whom…

Q: Because of Environmental Protection Agency pollution credits to biodiesel producers, biodiesel…

A: Answer is given below

Q: Briefly discuss the obligations of both the  seller and the buyer as recognized in our law.

A: Answer explain in step 2

Q: Education determines the skill of the worker. High-skilled workers _______ compared to low-skilled…

A: The demand and supply of labor are determined in the labor market. Workers supply labor to firms in…

Q: Efficiency means Multiple Choice O O о the amount of output you generate given the amount of input.…

A: When all items and techniques of production in an economy are dispersed or assigned to their most…

Q: If you hold a bond at a time when the market interest rate is increasing, you will find that the…

A: Interest rate: - it is the percentage charge on the principal amount by a lender to a borrower Bond:…

Q: A firm in monopolistic competition faces demand of P = 446 – 2.5Q. Their costs are represented by…

A: The firm produces at MR=MC MR=446-5Q ........ An MR curve is double sloped than inverse demand curve…

Q: You can improve or damage your credit history with a credit card. O True O False

A: The economics as a study is based upon the idea that the resources which are present with each…

Q: Explain the concept of excess demand in macroeconomics. Also, explain the role of open market…

A: Excess demand is defined as when aggregate demand exceeds aggregate supply at full employment.

Q: 1. In May 2017, currency held by individuals and businesses was $1,469 billion; traveler's checks…

A: The measure that depicts currency and other instruments that are liquid in the economy of a country…

Q: 1. Draw five aggregate supply and demand graphs at long run equilibrium. Illustrate what would…

A: The aggregate demand–aggregate supply model, often known as the AD–AS model, is a macroeconomic…

Q: Sort each of the items below based on if it is true of network goods or not. True of Network Goods…

A: Introduction Network goods are that type of good in which value of a consumer has increased when…

Q: Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector…

A: Given information table

Q: Suppose that Jane’s income increases from $1700 per month to $2350.  At the same time, her…

A: Imcome Consumption 1700 950 2350 1300

Q: Why might a firm have monopoly power even if it is not the only producer in the market? O A. There…

A: The  markets are the place where the buyers and the suppliers of various products meet and interact…