An example of a perfectly competitive industry is:  A. cell phone service B. the automobile industry C. the restaurant industry D. wheat farming

Q: Productivity decreases when O a. Output and hours worked decrease at the same rate Ob. Hours worked ...

A: Productivity refers to the ability of the business to produce more output. Productivity determines t...

Q: QUESTION 5 5. You are given the following information about an economy: $millions GDP at Market Pric...

A: Please find the answer below.

Q: Why is it helpful to track your spending for 2 months? a. You can receive higher interest rates for ...

A: As an individual who make expenditure on different goods and services according to his interest, nee...

Q: Suppose that single-price, single-product and single-plant monopolist faces the following demand cur...

A: In a monopoly, Marginal revenue lies below the demand curve. The firm has to lower the price in orde...

Q: PQ 12.07 in consumption and A light house that warns ships about nearby rocks is provide . As a resu...

A: Since lighthouse provides external benefits to third parties it will create positive externality. 

Q: The benefits of economic growth, particularly as measured by real GDP per capita, include greater me...

A: Answer -1  For the vast majority of people, the benefits of economic expansion as measured by Real G...

Q: List and discuss at least three significant contributions a government can make toward a country's e...

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With t...

Q: If the pension benefits for a person is determined by the contributions into the plan and their earn...

A: Answer:- (a) Defined contribution plan.

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.  Now suppose gov't gives c...

A: Given information beta=1  i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...

Q: what is the spne?

A: The image attached below show red arrows as the best responses at each node:

Q: What is the solution to the income disparity between affluent and poor?

A: Income disparity is such a condition which shows amount of total income that is unevenly distributed...

Q: With specific examples (of industries) discuss at least 2 factors against monopolies in the USA (min...

A: Monopolies came to the United States with the social administration. The large-scale public workshop...

Q: If the price level increases in the economy, A) The aggregate demand will fall and shift to the lef...

A: The price level is the average of current prices across all goods and services in an economy. The pr...

Q: Illustrate and briefly explain the relationship between Marginal Cost and Average Cost Curves.

A: To find : Relation between marginal and average cost curve. 

Q: A cement factory and a hotel are situated next to each another. The cement factory’s demand is descr...

A: The problem is incomplete in the sense that the market structure is not clearly mentioned here, i.e....

Q: The graph depicts the average total cost curve for a perfectly competitive firm. At the long-run equ...

A: In a perfectly competitive market, price is constant at all levels of output so it is equal to margi...

Q: Quantity Total Fixed Costs Total Variable Costs (Dollars) (Dollars) 0 180 0 1 180 80 2 180 140 3 180...

A: Solution: (a)Formula used (i) Total cost (TC) = Total fixed cost (TFC)+ Total variable cost (TVC) (i...

Q: Please refer to the table shown above that depicts a third-party payer market, What is the cost of t...

A: Let we show, concider  quntity demanded  at $1 and  same quntity supplies show in table

Q: Case: As part of the most recent collective bargaining agreement with employees, an employer must of...

A: In the above question, it is given that : Employers must provide medical insurance at "fair, non-pr...

Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. Ecu...

A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP...

Q: If the family chooses not to do the video bonus question, they will receive a utility of To determin...

A: Since it is not clear from the graph what is the exact utility at some points, for example at budget...

Q: Peter is laid off from his job as a bank teller due to the rise of online banking transactions which...

A: In an economy, an individual will be unemployed due to their personal reason or due to the changing ...

Q: Consider any market that has an inverted demand curve given by P = 200-0.6Qd, where P is the market ...

A: The inverse demand curve is given by, P=200-0.6QdMC=80 If there is a monopolist in the market, he wi...

Q: (A) roydes PPC Japan PPC in Vetnam In reference to the above graph, suppose Vietnam and Japan are pr...

A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...

Q: economics is the study of

A:

Q: Select an industry that belongs to any one of the four market structures – perfect competition, mono...

A: The fuel industry has the market structure of an oligopoly.  There are a couple of predominant firms...

Q: Why is the Consumer Price Index likely more relevant to your own personal economic situation as comp...

A: For a product to be manufactured, cost is important and when cost is initiated, then process of busi...

Q: Question 4: For a compressor the probability of failure occurring during a given week is given in Ta...

A: The term maintenance expense refers to any cost incurred by an individual or business to keep their ...

Q: LENDER LOAN PRODUCTS SIGNIFICANT FEATURES Consumer finance Automobile loans They do not accept depos...

A: First Finance businesses in general or in case of Automobile loans do not take deposits; instead, th...

Q: 28) Find the equivalent of present worth (t = 0) of a uniform series of $7000 for 7 years, if the pa...

A: Note: We will answer the first question since the exact one was not specified. Please submit a new q...

Q: 4. Assume a two-country two-good two-input model. Let the countries in the model be Vietnam and Mya...

A: According to the Hecksher-Ohlin Model, Vietnam is abundant in labour so it exports shirts as the pro...

Q: Motorcycles TMotorcycles PPC in Japan PPC in Vietnam IM E Rce In reference to the above graph, suppo...

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

Q: Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks s...

A: Answer:- (d) The town's citizens were free-riders.

Q: Which of the following is part of GDP for the country mentioned O In the US the amount spent by the ...

A: Gross Domestic Product (GDP): Gross domestic product (GDP) is the total monetary or market value of ...

Q: Minimum Actual Price Ассеptable Price (Equilibrium Price) $ 17 Producer A $ 6 17 6. 17 03 D. 11 17 E...

A: Producer surplus is the difference between market price and minimum price sellers are willing to acc...

Q: If the marginal propensity to consume increases, we should expect that

A: GIVEN   If the marginal propensity to consume increases, we should expect that Is

Q: a. Explain briefly what the consumer price index tries to measure?

A: Since you have posted multiple questions, we will solve the first one for you. If you want any speci...

Q: Private enterprises often oppose environmental regulation because it raises cost of operation, reduc...

A: Given information Farm type is given Output of milk is given Daily demand for labor is given Wage=$1...

Q: A monopoly company has an average variable cost of $6, average fixed cost of $8, marginal cost of $9...

A: A monopoly is a single seller that has market power to charge price above marginal cost.

Q: Show a LRAC curve that exhibits only increasing returns to scale. In the same graph draw the corresp...

A: since In cost conditions, the long-run Average cost shome increasing returns to scàle only when the ...

Q: The gravity model allows to directly compare the effect on borders on trade to the effect of distanc...

A: True The given statement is true.  The gravity model of international trade is a model that forecast...

Q: a)Following model was applied to manage a fish stock efficiently in the long run: Harvest function:...

A: Harvest function:    H(E) = 80E-2E2    tons per year where E is the number of fishing boats Cost fun...

Q: Millie is looking at the sales forecast for the sales of classic waffles. She has given you some cos...

A:

Q: The fluctuations in the income level that result from changes in investment spending     depend onl...

A: MPC is the marginal propensity to consume which is the ratio of percentage of change consumption spe...

Q: Did quantitative easing after recent economic crises cause more harm than good?

A: Quantitative easing (QE) is a policy instrument used only by central banks to boost economic activit...

Q: The graph below represents the demand g a monopolist. The firm uses price discrimination to increa p...

A: Price discrimination refers to the practice of charging different prices from different consumers fo...

Q: Suppose that single-price, single-product and single-plant monopolist faces the following demand cur...

A: In a monopoly, profit is maximised at a point where marginal revenue is equal to marginal cost and p...

Q: Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average ...

A: The sum of fixed cost and variable cost makes total cost.

Q: 3. Suppose the individual has a utility function In(c) where c is consumption and In(-) is the natur...

A: Lottery A: Prize = 1.25 units with probability 0.5 Prize = 0.75  units with probability 0.5 Lottery ...

Q: 1. Buyer Seller Relationship 2. Business Competition 3. New Business Venture

A: 1 Buyer Seller Relationship It is the buyer and the seller relationship in between the commitment an...