Consider an industry or a firm or product that has disappeared from the market as a result of allocative efficiency and creative destruction and replaced by another industry or a firm or product. Discuss the pros and cons of this process for your choice of industry or a firm or product
Q: Instructions: Round your responses to one decimal place. If you are entering any negative numbers be…
A: The rate of inflation is nothing but the rate of change in the consumer price index. inflation…
Q: An increase in the domestic country's disposable income would Select] and would [ Select I therefore…
A: Disposable income is the difference between income left after paying for taxes and receiving…
Q: The income elasticities of demand for movies, dental services, and branded clothing have been…
A: Elasticity refers to a term that is used in economics to describe a movement in consumer and seller…
Q: A policeman’s salary would fall under which component of GDP? A. consumer spending B.…
A: GDP is the value of final goods and services produced in the economy within a given period of time.
Q: Q2. Deposits are to be made to an account as indicated in the table below which bears interest at…
A: Given the interest rate = 10% Time = 6 years
Q: How does managerial economics breach economics in theory and practice?
A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…
Q: Suppose the machine rental rate decreases from $20 per hour to $10 per hour, while the rental rate…
A: On an isoquant map, isoclines are curves that cross through locations with similar marginal rates of…
Q: 2) Assume a firm has the following production function 4 = K³L%¸ Assume w = 2, v = 16 and that K =…
A: In short-run, capital is kept fixed and labor can vary Profit maximizing quantity of labor occurs at…
Q: An 8 percent coupon bond has a maturity of 6 years. The Bond has a face value of 2,000 and it is…
A: Bond is the financial instrument that firms or organizations raise for selling it to the investors…
Q: The economy of country B is characterized by the following: • Aggregate output: Y • Investment…
A: At equilibrium, aggregate output is equal to the sum of consumption, investment and government…
Q: 4. Profit maximization in the cost-curve diagram Suppose that the market for candles is a perfectly…
A: Firms in perfect competition are price takers and they maximize profit by producing at P=MC
Q: A monopolist seller of Irish ceramics faces the following demand function for its product: P = 62 -…
A: Monopoly is the market structure where single seller sell the products to large Consumers to…
Q: 1. A study indicated that the optimal price for a consumer product is $32.45. Most products in the…
A: When there are many substitutes available in the market for a particular good, its demand becomes…
Q: 3 and 4
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: The functional relationship between freight rates and the quantity supplied by carriers represents…
A:
Q: How can clothing industry be economic sustainable?
A: The clothing industry can be made sustainable if the following points are kept in mind :
Q: An employer has hired Freddy and the current compensation contract gives Freddy $6,600 with prob.…
A: We have combinations of payoff and utilities given..
Q: Given the following demand and cost functions: Demand: p = 3000 - 2x Cost: C = 1200x + 2600 Find the…
A: The profit maximization output is determined by equating Marginal revenue with the marginal cost.
Q: You are evaluating the possibility that your company bids $150,000 for a particular construction…
A: Cost refers to all the expenses that incur in an production unit. It includes the fixed and variable…
Q: Question 19 12 11 10 9 6 4 3 1 10 20 30 40 50 60 70 80 90 100 110 120 2 The go ent imposes a $3 tax.…
A: Consumer surplus is the area above the market price and below the demand curve up to equilibrium…
Q: Define marginal utility. (50 words)
A: Utility means the satisfaction that a consumer gets after the consumption of a good or service. It…
Q: Consider the table given below to answer the following question. Year 1 2 5 8. 9. 10 Asset value…
A: Introduction Present value in year 1 = cash flow(1 + return)n = 13.13(1 + 0.13)1 = 11.61 Present…
Q: It refers to a series of equal payments occurring at equal periods of time. O A. Annuity O B.…
A: Interest: It is the price paid to borrow the money. Hence, it is the payment made by the borrower…
Q: Which of the following statements is false? A. A quota is a tax levied against a specific good…
A: Trade restrictions refers to the restrictions imposed upon the import and export of goods and…
Q: er's ownership land rental ecropping r E's production function is y = 20 x VT (Yis the final output,…
A: Solution given below,
Q: Canada: Electric Vehicle Subsidy Program Even though controversial, electric vehicles (EVs) seem to…
A: Answer -
Q: Eideas signed a contract to lease a building at P60,000 a year with an annual increase of P1,000 a…
A: Starting lease payment = P60,000 Annual increase in lease payment = P1,000 Worth of money = 8% Time…
Q: A nationwide motel chain is considering locating a new motel in Bigtown, USA. The cost of building a…
A: In the annual worth method, we find the annual values of all the present values and future values.
Q: What is a crawling peg and how does it work? A crawling peg exchange rate policy is one that A…
A: Crawling Peg is related to the exchange rate policy.
Q: When demand is less elastic than supply, demanders pay a larger share of the tax and sellers pay a…
A: Elasticity is an important concept used by the government of the country to impose taxes on goods…
Q: What actions could the government take to increase labor productivity? Name two
A: Labor productivity is defined as the hourly output of a country's economy. It calculates the amount…
Q: Show the complete solution. The final answer is below. Suppose a man receives an initial annual…
A: The base pay (or the base wage rate) plus any shift differential applicable to such Covered Employee…
Q: culate the inflation rate in sudan where the CPI in 2021 was 100 and CPI in 2021 is 150?
A: Inflation is the rate at which the value of a currency is falling and, consequently, the general…
Q: Question 16 What type of annuity is represented by the graph below? P 2 3 k-1 k А, А, Аз Ak-1 Ak A…
A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…
Q: USD/AUD=1.44 What is the GBP/AUD exchange rate?
A: The AUD/GBP exchange rate is expected to climb in 2021, according to banks. After a decline of…
Q: 2. Given the information in the table below; Unit Labor Requirements Cloth Widgets Home 100 300…
A: Given: Cloth Widgets Home 100 300 Foreign 60 30
Q: 16. The variability of real exchange rates has been much greater when a country adopts of fixed…
A: When talking about fixed exchange rate system, it can be said that this system is given by Bretton…
Q: Wiebe Trucking, Inc., is planning a new warehouse to serve the west. Denver, Santa Fe, and Salt Lake…
A: We find that Salt Lake City and Denver intersect each other at some quantity X. Before quantity X,…
Q: Boeing is the sole supplier of aircrafts to all Asian airlines. Airbus is deciding whether to enter…
A:
Q: Suppose that the economy is characterized by the following behavioral equations: C = 150 + 0.6YD | =…
A: Equilibrium in the economy occurs where aggregate expenditure equals production.
Q: The average propensity to save is 0.39 Calculate saving if income is $650
A: We have:- APS = 0.39 Income = $650
Q: 2- Consider the following game. Player 2 LR Player 1 U 12, 2 3, 9 | D 5, 8 4, 2
A:
Q: 15. Canada should move to a common currency with the United States once it has much the same…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: A perfectly elastic demand implies that Select one: a. quantity demanded and price change by the…
A: Elasticity measures the responsiveness of quantity demanded to changes in price level.
Q: Which of the following is an example of a command and control policy to address an externality? O…
A: The benefit or costs that are caused by a producer that is not being received or incurred…
Q: If the profit maximizing ma rkud factor in a 10imm Cournot ol gopoly is -2, what is the comespond ng…
A: An oligopoly structure known as the Cournot competition is when companies compete with identical…
Q: If the government is running a fiscal deficit, it can only finance it through monetization. true or…
A: To finance the deficit, the government borrows money from the central bank and repays it by selling…
Q: only 11.5%. Calculate market share for Shaka's Sandwiches. Report your answer as a percent. Round to…
A: Here in this question Shaka runs his Sandwiches on a busy street downtown, and only serves lunch,…
Q: Refer to the accompanying diagram, which shows the domestic demand and supply curves for cotton…
A: Producer revenue will be the total receipts from selling the goods. Producer revenue = Price *…
Q: A small town is served by many perfectly competing supermarkets, which have constant marginal cost.…
A: a) If the supermarkets merge to establish a single network, they have created a monopoly. The AR…
7.
Consider an industry or a firm or product that has disappeared from the market as a result of
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 3 images
- 1 What is Proximity’s ‘design approach’ and how does it function in practice? How has it translated into social impact? 2 Both Cyclone Nargis and the political/economic reforms of 2011 were huge disruptions for Proximity Designs. How did each of these events push the organization to develop new assets and competencies? 3 As Jim and Debbie Taylor, what would you do about Proximity’s irrigation business? Consider its relevance to Proximity’s mission, the changing external context, the organization’s resources, and the products’ business model (product/market fit, customer value proposition, revenue and profit model, sales, marketing & distribution strategy and the unit economics). 4 As Jim and Debbie Taylor, what would you do about Proximity’s lending business? Consider its relevance to Proximity’s mission, the changing external context, the organization’s resources, and the products’ business model (product/market fit, customer value proposition, revenue and profit model,…10. Which of the following statements are true about a social enterprise? Group of answer choices A. A social enterprise is always a nonprofit B. A social enterprise operates in a socially responsible manner C. A social enterprise trades profitability for social responsibility D. A social enterprise measures its social benefit by the amount of profits E. Only B and C are true1. Provide your constructive thoughts on the following:" Greater production is not tantamount to greater profit""Higher selling price does not equate to higher profit"
- 1. The additional benefit of producing one more roast beef sandwich at a local deli is $3. The additional cost of producing one more roast beef sandwich is $3. To improve allocative efficiency A. producers should produce one more roast beef sandwich because MB > MC. B. producers should produce one more roast beef sandwich because MB equals MC. C. producers should not produce one more roast beef sandwich because MB > MC. D. producers should not produce one more roast beef sandwich because MB equals MC.19- If the government has complete control over the ownership of factors production, their economy is classified as____________. a. Command economy b. Economic system c. Capitalist economy d. Mixed economy2. Rewrite the Literature for your Research by referring to the mentioned paper, this canbe a part of your literature study. Imagine you wanted to work with the followingresearch question: “In India, which factors motivate the vendors (running small/ microfirms) to utilize WhatsApp?”.Instruction: Imagine yourself working on the above research, and refer the mentionedpaper as a major part of your literature study. Cite most of the past researchesmentioned in this paper and prepare a literature write-up not exceeding 1000 words.Make sure your literature write-up is aligned with the research question mentionedabove. For more information about any research that has been referred by Modak andMupepi, you may download it using NMIMS digital Library.
- 1. Imagine yourself to be the owner of a large tract of agricultural land. You want the land to beproductive but then you have no idea how to farm. A landless farmer approached you, anddiscussed with you the possibilities of him tilling your farm. What kind of economic/financialarrangement do you think would be appropriate so that both of you benefits from the relations?Possible arrangements include:A. Employment of the farmer to be paid a fixed monthly wageB. Proportionate sharing of costs and profitC.Landowner bears all costs of farming implements and gets a bigger share of the profitsD. Other options.Please elaborate your answer7. Which of the following is INCORRECT about coding in social research? A. The coding process inevitably restricts the perspective from which researchers explore themes and patterns occurring across the data set. B. Through the systematic application of pre-specified coding categories across the data set, content analysis is well-suited for addressing questions of ‘why?’ or ‘how so?’. C. In inductive coding, the same piece of data can be read and interpreted at both literal and interpretive levels. D. A researcher can pay attention to recurring topics and missing perspectives in a body of data when he/she is doing thematic coding following a grounded theory approach.What is one industry, firm, or product that has disappeared from the market as a result of allocative efficiency and creative destruction and replaced by another industry, firm, or product? And what are some pros and cons?
- 3. What are DeBeers profits? Why are they able to sustain these in the long-run?1. Decide whether the following are true, false, or uncertain and thoroughly explain your reasoning. (a) (Review) If AC > MC at the firm’s chosen output level, then the firm is producing on the upward sloping part of its AC curve. (b) When an unregulated market creates positive externalities it tends to produce too little and when it creates negative externalities tends to produce too much. (c) Charging a toll on an uncongested highway increases total surplus because this creates revenue to pay for building and maintaining the highway. (d) Charging a toll on a congested bridge increases total surplus because it reduces the number of drivers and thereby reduces congestion. (e) If a public good cannot be paid for through user fees, then it should not be provided. (f) The costs of National Parks should be covered by charging admission fees, because we shouldn’t have National Parks if the people who use them are not willing to pay enough to cover these costs. (g) You have been offered…16. How prices allocate resources Suppose that there are three plots of mountain resort land available for sale in Niseko and six potential buyers, each interested in purchasing one plot. Assume that all of the plots are basically indistinguishable and that the minimum selling price of each is $400,000. The following table lists each potential buyer's willingness and ability to purchase a plot of land. Person Willingness and Ability to Purchase (Dollars) Felix 550,000 Janet 480,000 Larry 420,000 Megan 380,000 Raphael 340,000 Susan 330,000 Which of these people will purchase one of the three mountain resort plots? Check all that apply. Felix Janet Larry Megan Raphael Susan Now, assume that the three mountain plots have been sold to the people that you Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
