A monopolistic public enterprise aims at achieving the optimum distribution of productive forces. The public enterprise's total cost function is TC = 3Q2 (where TC is the total cost and Q is the quantity) and the function of reverse demand P = 100-4Q (where P is the price). Based on the above the enterprise will produce: A. Q =4 B. Q=6 C. Q=100 D. Q = 10 Choose one of the above and justify your answer showing your solution process.

Q: Price (per pack) 11 10 9 8 3 2 1 0 2 4 6 8 10 12 14 16 18 20 Quantity (millions of packs per year)…

A: Market demand identifies who wants to acquire a certain product and who has a need for it. This will…

Q: If the Federal Reserve wants to decrease the money supply, then it should Check all that apply.…

A: When the Federal Reserve wants to reduce the money supply, it uses a variety of methods and…

Q: Consider the two-period household-maximization model discussed in class. The model is modified in…

A: Making intertemporal judgments involves balancing the present with future spending. People have to…

Q: If firm 1 and firm 2 are the oligopolistic firms in bottled spring water  production in Nomansland.…

A: Cournot equilibrium is a concept in economics that describes a situation in an oligopoly where firms…

Q: 5. Short-run and long-run effects of a shift in demand Suppose that the perfectly competitive shrimp…

A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…

Q: Consider the given graphic:    The change in the macroeconomic balance was caused by: O Increased…

A: In the given figure, OA and DA are the…

Q: John owns John's Juice Emporium. In the previous year, John's Juice had the following revenues and…

A: A measure that evaluates the profitability of a firm or investment by considering both explicit and…

Q: What are externalities; and how the government can fix it.   Explain in detail.

A: Externalities refers to the unintended or spillover impacts of an economic movement or decision on…

Q: a) Determine if each equation is just identified, over identified or unidentified. Consider both…

A: ​Equation 1:Endogenous Variables: Exogenous Variables: Parameters to be Estimated: Rank…

Q: It spending more can end a recession, what kind of spending is most important? O a. Only government…

A: Investment spending describes the expenditure made by businesses, governments, or individuals on…

Q: What are the two types of inflation and how are they different?

A: The 2 types of inflation normally mentioned are demand-pull inflation and value-push inflation.…

Q: Y = -1.04+0.24X₁-0.27X₂ where Y = quarterly sales (in thousands of cases) of the cold remedy X₁ =…

A: Given The regression equation: Here The standard error of the regression coefficient The slope…

Q: Which of the following is an example of an intermediate good? O the blueberries you buy to bake…

A: Intermediate goods are those goods which are used in the production of some other final goods. They…

Q: According to the table below, Asset Stocks Diamonds Oll Housing U.S. farmland Average price level…

A: Given informationThe change in value of gold between 1991 to 2001 is -29%The change in average price…

Q: Given the total cost function C=Q³-50² +120+75 write out a variable cost (VC) function. Find the…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Identify and discuss the regional trade agreement that covers most of the countries, including…

A: One regional trade agreement that covers most of the countries, including South Africa, is the…

Q: Suppose that a firm's production function is given by Q = 2KL, where Q is quantity of output, K is…

A: Marginal product is the change in total product due to an additional input used. Marginal product of…

Q: A. B. C. What is this person's human wealth and total wealth? According to the neoclassical…

A: Wealth for the most part alludes to the overflow of important resources or assets that an…

Q: Suppose you deposit $700 cash into your checking account. By how much will the total money supply…

A: Change in money supply = Money multiplier * change in depositsMoney Multiplier = 1 / Require Reserve…

Q: The terms of trade for one pound of green beans must lie between and pounds of corn.

A: There are two individuals, Giovanni and Jorge. Each is producing two goods, i.e., green beans and…

Q: What type of demand for money comes from demanding money for unforeseen expenses? Group of answer…

A: Money demand: the amount of wealth needed to be held in the form of money at a particular point of…

Q: What is the overall level of federal debt for the United States in trillions of dollars based on the…

A: The Federal Reserve, often referred to as the "Fed," is the central banking system of the United…

Q: What polices would lead to unintended consequences like black markets? Explain

A: The black market alludes to an illegal or informal economic framework where goods, services, or…

Q: Draw a demand and supply curve for Brinsh pounds (on the vertical axis plot rand per British pound).…

A: A foreign exchange transaction is the exchanging of a particular currency for another for an array…

Q: Busyland's production possibilities are: Food (kilograms per month) 150 100 50 0 and and and and…

A: To calculate the opportunity costs of food and sunscreen at each output level in Busyland, we can…

Q: If we say that GDP = C +1+ G+ (X-M), then GDP has been measured using the O production method O…

A: Gross domestic product refers to the final market value of all the items and services produced in a…

Q: Select and analyze 1 determinant of health within the concept of its impact to the U.S. healthcare…

A: Growth in the economy necessitates a healthy population. Healthier individuals are more effective at…

Q: Keynesian expenditure multiplier assumes that individuals will take stimulus money and ________…

A: The Keynesian expenditure multiplier shows the impact that autonomous spending will have on total…

Q: 1. The answer is not = $966,465.31 Cisco, Inc., has a proposal from the Engineering Planning…

A: Infinite life equivalent annual cost (ILEAC) is a concept used in…

Q: Attah Accra is willing to pay as much as $3,000 for one unit of alewa. Delta Alewa, producers of…

A: In microeconomics, consumers refer to individuals or households that purchase items and services for…

Q: The diagram describes the hypothetical demand and supply for canned tuna in Canada in 2022. a.…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: You like candy and cake. After using your entire $30 budget at the sugar store, you find that the…

A: Utility means satisfaction. Marginal utility is the utility derived from the consumption of an…

Q: Real interest rate, r MP OA remain at point X; remain at point B OB. remain at point X, move to…

A: Phillips Curve describes how inflation depends on output.An IS Curve describes how output depends…

Q: One of these countries or geographic regions are the most likely to sacrifice economic output for…

A: In the 21st century, it is vital to prioritize the sustainability of the environment, aiming to…

Q: Suppose that the T-account for First National Bank is as follows:           Assets Liabilities…

A: The required reserve ratio of a bank depicts the minimum amount of deposits a bank must keep as…

Q: Balance of Payments Exports of goods Imports of goods Exports of services Imports of services Net…

A: The difference between the valuation of exports and imports in an economy over a specific period,…

Q: Calculate the conventional benefit-cost ratio for the alternative: Initial Investment Revenues Costs…

A: The BCR is calculated by dividing the proposed total discounted  cash benefit of a project by the…

Q: What area graphically represents a profil-maximizing firm's total profits or loss?

A: In a monopolistically competitive industry, firms are profitable by producing at the quantity where…

Q: -onsider the following data (all values are in billions of dollars): Currency Checkable deposits…

A: The required reserve ratio of a bank depicts the minimum amount of deposits a bank must keep as…

Q: 5. Suppose that the market for beer is perfectly competitive. For beer production, total cost…

A: Firm faces two types of costs, fixed cost and variable cost.Fixed cosy remains constant. It does not…

Q: Suppose actual real GDP is $9.06 trillion, potential real GDP is $6.42 trillion, and the marginal…

A: Potential GDP (Gross Domestic Product) describes the maximum level of output that an economy can…

Q: Refer to the diagram. If society is currently producing 12 units of bicycles and 2 units of…

A: A production possibility curve or PPC is a graphical representation of the different combinations of…

Q: In Fig.3, if production is 20,000: Select one: P12 11 10 9 8 6 5 4 2 1 0 MSC O a. DWL - $45,000 and…

A: Externality refers to the situation of a person engaging in activities that may influence the…

Q: Here is a Bayesian BOS game. Man has a special preference t1 on boxing while woman has a special…

A: Bayesian Nash Equilibrium is a concept in game theory that extends the traditional notion of Nash…

Q: Choose a product or service that you are familiar with (something you use or have used, something…

A: Market Structure refers to the setup through which the buyers and sellers interact for the exchange…

Q: Lecture: What Determines Fxchange Rstes? Question: Regarding exchange rate overshooting, what are…

A: The question focuses on exchange rate overshooting and its underlying factors. It asks about the two…

Q: The profit of a firm is described by the following function: f(Q) = -4Q^3 +48Q^2 - 117Q - 100 where…

A: In the economics field, pricing decisions consist of determining the best price for a good or…

Q: (Figure: Clothing and Food I) Suppose the food industry is using 3 units of capital and 5 units of…

A: The Edgeworth box is a diagrammatic method to show the Pareto efficiency. The diagram shows the…

Q: 1- Find the internal rate using the method of Internal Rate of Return (IRR) if i = 15%, for the…

A: Calculating Internal Rate of Return (IRR) using two method in below steps.

Q: Consider the following daily production data for Davis Golf Balls, Inc. Davis Golf Balls, Inc. sells…

A: In a competitive market, The firm will maximize its profit by hiring the worker where the value of…