Consider a monopolist that faces a demand curve P = 40 - Q and has a total cost function TC = 12 + 50Q. At which of the following prices (you can choose multiple prices) would a monopolist be better off shutting down? 10 20 30 40

Q: 3. Consider an auction wheren identical objects are offered, and there are (n + 1) bidders. The…

A: The bidder's income has an impact on the bidding strategy since, above a certain price, the person…

Q: Compare the interest earned by $9,000 for six years at 7​% simple interest with interest earned by…

A: Simple interest and compound interest are earned on initial amount deposited but with sufficiently…

Q: Explain by using a curve the effect of a decrease in the minimum reserve requirement on the balance…

A: The minimum reserve requirement is the mandatory requirement of any commercial bank and under this a…

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

A: Q = 240 - (P/3) 3Q = 720 - P P = 720 - 3Q = 720 - 3Q1 - 3Q2 [as Q = Q1 + Q2] Since TC = 0, MC = 0…

Q: 3. When one country joins a free trade area with a common external tariff, it causes: O a. Trade…

A: In economics, it is very important for the firms to engage in trading activities because trading…

Q: How can growth and development affect the country’s economy?

A: Economic growth is defined as a rise in the market value of goods and services generated in the…

Q: From the following data relating to the number of letters posted a port office find the seasonal…

A: In the mentioned question we have to calculate seasonal variations using the method of simple…

Q: 9. For which of the following production functions could the long-run expansion path be vertical,…

A: The expansion path of the firm is that the locus of cost-minimizing mixtures of inputs at numerous…

Q: why is  a large GDP  a good thing for the economy and sosociety?  what would a large GDP mean to an…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The following pair of assets differ only in the MARR. The problem asks you to determine the effect…

A: Economic lives for an asset refers to the time period when the asset is useful for the owners. The…

Q: la. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…

A: Given: The cost of an asset is = $90,000 Useful life = 6 years Salvage value = $18,000 To Find: The…

Q: If the government is running a budget surplus, net export is 0. Then: i) private saving is greater…

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports.

Q: 6. In a pricing scenario, what is the essence of the difference between the context of a…

A: Two players Prisoners dilemma game where each player has two actions confess and dont confess.

Q: Suppose that banks are required to hold reserves equal to at least 4 per cent of their deposits and…

A: Money multiplier is a term in monetary economics that is a phenomenon of creating money in the…

Q: A new oven will save ​$130 per year in electricity expense. How much can we afford to pay for this…

A: * SOLUTION :-

Q: 109 A 83 35 B 18 DE 223 634 925 1374 Emissions Consider the figure above. If the government imposes…

A: A tax of $83 will have both cost of tax and cost of abatement.

Q: ers obtain large nominal wage increases. i) the short run effect on the price level and real output…

A: When the nominal wage increases, the aggregate demand increases due to enlarged consumption in…

Q: of two methods must be used to produce expansion anchors. Method A costs $80,000 initially and will…

A: Solution given below,

Q: Does this production function q = 9K0.8L0.1 exhibits [increasing return to scale, constant return…

A: Given: q = 9K0.8L0.1

Q: Marginal Cost (dollars) Units of Variable Total Cost Output Cost (dollars) (dollars) 0. 60 45 105 45…

A: Total cost is the sum of fixed cost and variable cost.

Q: Year PDB 2015 2016 2017 1200 1230 1290 1300 2018 2019 1500

A: Given data for 5 years Growth rate each year formula = (PDB in year 2016 / 2015) - 1 * 100 =…

Q: 6. According to Ricardo, a country will have a comparative advantage in: Industries in which there…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Analyze below Cash Flow and compute for the unknown value.

A: From the given cash flow diagram we are required to find the Present value, Annual value and the…

Q: Given the demand function of a certain good to be: Qp = 46+3Y - 4P %3D where Op, P, Y denote…

A: Normal good :- If demand and income has positive relationships . More demand of goods caused by high…

Q: According to Modern Phillips Curve Theory, an increase in the sensitivity of inflation to changes in…

A: An explosion in AD is addressed by a shift from factor A to factor B. When AD grows, so does the…

Q: 3. Knowing that the demand for wheat is inelastic, if all famers voluntarily did not plant wheat on…

A: Dear Student, as you have posted multiple questions in a single picture, but according to the…

Q: Suppose market demand and supply are given by Qd=100-2P and Qs=5+3P. If a price ceiling of $15 is…

A: Given: Qd=100-2P Qs=5+3P

Q: BUSINESS OPPORTUNITIES CAN BE RECOGNIZED BY ENTREPRENEUR'S PRIOR EXPERIENCE. a. False b. True

A: In an economy, factors of production are needed to manufacture commodities and services, and…

Q: The following pair of assets differ only in the MARR. The problem asks you to determine the effect…

A: Economic lives for an asset refers to the time period when the asset is useful for the owners. The…

Q: When firm must pay a tax proportional to the number of items it produces: fixed cost of production…

A: Total cost is the cost that changes over a period of time. It means total cost varies directly with…

Q: Discuss the importance of Asia in global business.

A: There are the following importance of Asia in global business. The most populated market of the…

Q: itially and has a 10 year life with a $20000 salvage value. The operating cost of the machine is…

A: * SOLUTION :-

Q: The table shows three alternative distributions of land ownership in a village with 100 people and…

A: The Gini coefficient used to represent the inequality with the help of the Lorenz curve.

Q: Total Total Total Average Average Average Product Fixed Variable Total Marginal Fixed Variable Total…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost is constant throughout the…

Q: 13. Envelope Curve III Consider a perfectly competitive increasing-cost industry with n identical…

A: Perfect competitive market is market which runs with n number of buyers and sellers. Under this…

Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: The maintenance costs of a new boiler are estimated as follows:  P 600 per year for the first 3…

A: First 3 year cost = 600 per year the 4th year cost = X 5th to 10 years cost = 1800 per year Future…

Q: For the simple OLS model, Y; = B0 + B1 × X; + €j, categorize the following as correct or incorrect…

A: By looking the form of the equation, one can states that the equation follows some properties..

Q: 2.    On PPF curve drawn, identify the following points: i.    Unattainable (label the point U)…

A: The highest output that can be produced with the available resources and technology would be the…

Q: What are some of the major developments in trade over the past two decades? What are the…

A: Economic development refers to initiatives, policies, or activities that aim to enhance a…

Q: O a. To raise government revenue O b. To protect producers from declines in domestic demand Oc To…

A: Trade barrier demotivate the countries to engage in trading activities with each other.

Q: 2.) Price Controls Microeconomics economic activity. It is a used to explain the role households…

A: Tax refers to the amount of money that the government imposes and collects from the various agents…

Q: If the marginal revenue brought by hiring a worker is at P450/day, and the minimum wage is P537/day,…

A: The firm will maximise profit at a point where marginal revenue is equal to the wage rate.

Q: Explain Foreign exchange and give examples

A: Foreign exchange refers to the trading of one currency for the other currency. The trade between two…

Q: For most products, higher prices result in a decreased demand, whereas lower prices result in an…

A: Given, d = annual demand for a product in units       p = price per unit Price demand relationship:…

Q: Suppose the nominal interest rate is curently 2.4 per cent and expectec inflation is 16 per cent. I…

A: The fisher effect refers to the economic analysis of the relationship between real interest rate,…

Q: What is the price of funds in the loanable funds market? a. the Consumer Price Index b. the real…

A: Loanable funds market shows supply and demand for loanable funds. It shows how much funds are…

Q: Sinking Fund is established in which funds will accumulate for replacement. TRUE OR FALSE

A: In business economics, depreciation is considered a fixed cost that a business has to incur.

Q: Consider a firm that suffers diseconomies of scale. If this firm wants to produce half as…

A: "Diseconomies of scale occurs when each item produced cost more and more as a firm continue to grow…