Answer all four questions! Is a monopolistically competitive firm productively efficient? How can you tell? Offer one reason why a monopolistically competitive firm might be productively inefficient. Is it allocatively efficient? How can you tell? Offer one reason why a monopolistically competitive firm might be allocatively inefficient.

Q: The engineering department have appointed you on a task purchasing new forklift to transport sheet…

A: Given Information: Item Forklift A Forklift B First Cost , RM                     90,000…

Q: Why must the marginal revenue be equal to the marginal cost for a producer? Explain.

A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…

Q: Suppose two firms, Firm A and Firm B, are competing by setting quantities (Cournot competition).…

A: In a Cournot Duopoly Model both the firms in the market simultaneously choose the profit maximizing…

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Q: How does advertising impact monopolistically competitive firms? O It causes a firm's perceived…

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Q: side from advertising, how can monopolistically competitive firms increase demand for their…

A: Monopolistically competitive firm holds mixed characteristics of perfect competition and monopoly.…

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A: Natural Monopoly:- A natural monopoly is a sort of monopoly that often emerges as a consequence of…

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Q: Please answer all three questions:  Use the demand schedule below to answer the questions. Round…

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A: Monopolistic competition is where there are numerous sellers selling homogeneous but separated…

Q: +/10 X R x Y GDP is 1000, while current GDP is 960, what is the change in autonomous net transfers…

A: GDP (GDP) is the standard proportion of the worth added made through the creation of labor and…

Q: P, R, CI AB А C F G The profit maximization condition is where The profit maximization quantity of…

A: Note: “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: competitive industry, with side-by-side graphs for the industry and a firm within that industry.…

A: Perfectly competitive market is a market where businesses offer an indistinguishable item and where…

Q: ** The following graph shows the marginal revenue (MR), demand (D), marginal cost (MC) and average…

A: 1. Optimal output occurs where Marginal Revenue is equal to the Marginal Cost. It is depicted by Q*.…

Q: The following graph shows a hypothetical demand function for federal funds. Currently, the total…

A: The federal funds rate can be defined as the benchmark rate of interest for the Federal Bank that is…

Q: With the government set maximum rent of consumer surplus is Economics $1,600, Montly Rent $2,600…

A: Consumer surplus, which serves as a gauge of consumer welfare. It is the difference between a…

Q: 3. Question 3 A country, called 'Bikyland', does not allow for international trade. Bikyland…

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Q: What shapes would you generally expect a total product curve and a marginal product curve to have?

A: Answer to the question is as follows:

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Q: The following situation will be used in questions 3, 4 and 5. A hotel is projected to have $ 55 mi…

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Q: Parks confer many external benefits on society: open space, trees that reduce pollution, and so on.…

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Q: What are the objectives of fiscal policy in developing countries?

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A: Depreciation allowance is the estimation of the annual cost of using an assets that is form on…

Q: Find the present value of a deferred annuity of P6362 every six months for 3 years that is deferred…

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Q: If borrowing and lending are allowed, the relative price of future consumption, and thus the world…

A: Future consumption is the consumption at a future point in time and current consumption is present…

Q: A factory supervisor faces the following table: Quantity of laptops Labour cost ($) Rental of…

A: The term "average cost" refers to the production cost per unit, which is determined by dividing the…

Q: how does Comparative Advantage Theory explain the motivation of international business ?

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Q: This table refers to five possible buyers' willingness to pay for Frapuccino.   Buyer Willingness To…

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Q: How long in years will it take money to quadruple if it earns 7.5% compounded semi-annually?

A: Present Value (PV) = P  Future Value (FV) = 4 times PV (quadruple) = 4P Interest rate compounded…

Q: Multiple Choice O Po and the aggregate demand curve is ADO Po and the aggregate demand curve is AD₁.

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Q: would need a more detailed and elaborated answer

A: Here, mainly asked that if there is less of revenues than the variable cost. Variable cost refers to…

Q: 8. If both nominal GDP and the price index are rising, is evident that a) real GP is constant. b)…

A: Nominal GDP is defined as the monetary value of all goods and services produced within the…

Q: Independent variable (x) : Covid -19   Dependent variable (y) : its impact on housing market   Y…

A: Independent variable = X: Covid -19 Dependent variable = Y: its impact on housing market   Y tends…

Q: Discussion Question 13-2 Answer the following questions, which relate to measures of concentration:…

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Q: Situation 37-2 Dan and Ann live in the same community and both can participate in two activities,…

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Q: To answer this question, you will want to work out the answer using a graph on a piece of scratch…

A: For any market the equilibrium condition is given as: MR = MC, but since the monopolist faces the…

Q: Costs that change with the level of per unit of production are referred to as ________.     Fixed…

A: cost, in like manner use, the money related worth of labor and products that makers and consumers…

Q: Differences in age among a population over time can lead to differences in the distribution of…

A: The distribution of income among the population is done on the basis of ratio of GDP by the…

Q: R4

A: Capital Deepening is defined as an increase in the proportion of the stock in capital to the number…

Q: A machine that produces a certain piece must be turned off by the operator after each piece is…

A: Given:- Machine produces=50,000 pieces Operator earns=$5 Brake require servicing=After 520 hours…

Q: Question 2: Suppose a firm has the following production function: Q(L,K)= min{K, 2L} Recall that the…

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Q: In the prisoners' dilemma game, each player OA. chooses the best outcome for himself OB. consults…

A: Prisoner's Dilemma is an important game in game theory and has been used widely for further research…

Q: Assume a infinitely elastic short-run aggregate supply. Consider the following economy: C=C+8/10 X…

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Q: When a commercial bank borrows from the Fed,   a.  it must be because the bank is not meeting its…

A: commercial  bank is the financial institution which performs following functions  accepting deposits…

Q: Good x Refer to the diagram above. The budget line shift which moves the consumer's equilibrium…

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Q: The above table shows the benefit to each voter if an issue passes. The cost per voter of the issue…

A: The majority rule is a choice rule that chooses options which have a majority, that is to say, the…