Consider perfect competition and monopolistic competition. In which market structure(s) will we see price equal to marginal cost at the last unit produced in the long-run equilibrium?   a perfect competition b monopolistic competition c both perfect and monopolistic competition d neither

Q: Starting at age 35, you deposit $2000 a year into an IRA account for retirement. Treat the yearly…

A: Disclaimer- “Since you have asked multiple question, we will solve the three question for you as per…

Q: Assume an individual's utility function is given by the following expression, where a and b are…

A: The utility function is used to measure the satisfaction an individual gets from consuming a…

Q: Adam buys luxury wristwatches in Greece for $70.00 and sells them in Germany for $120.00. This act…

A: Marketing is the use of ideas which are used for selling a product or making people aware of the…

Q: a. Draw the marginal private cost of irrigation on the graph. Instructions: Use the tool provided…

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

Q: QUESTION 26 Not all entrepreneurs have responsibilities toward their employees. True False QUESTION…

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

Q: Which of the following is not a valid economic argument for​ protectionism? A. infant industry…

A: Protectionism is an economic situation when the trading forces in the domestic country are protected…

Q: 3. Breakdown of a cartel agreement Consider a town in which only two residents, Gregor and Haidy,…

A:

Q: please use the DDB method  A firm is trying to decide whether to keep an item of construction…

A:

Q: Under a system of flexible exchange rates, transactions that increase the supply of the nation's…

A: The exchange rate is the rate at which one currency is exchanged in terms of the other currency in…

Q: Which of the following statements is correct? a. Marginal external cost equals marginal private…

A: Externality is the external cost or benefits that is borne by the third party.  Positive externality…

Q: Please answer in details on a topic specific to business ethics, it’s moral stands, views for and…

A: The study of appropriate corporate behavior with regard to potentially controversial problems…

Q: If this firm is a price-taker in a market with many firms, what is the profit maximizing amount q*…

A: For given price of output (p ) and input prices (v, w), firm maximize the profit function

Q: The real rate of interest Select one: O a. is the same as the inflation rate. O b. is the rate a…

A: The money interest rate is also known as the nominal interest rate.  The nominal interest rate is…

Q: What is the price below which the firm chooses to exit the market? (Hint: prices can only be…

A: In a competitive industry, a firm can only enter the market or exit the market in the long run. Due…

Q: Individual demand curve and aggregate demand curve are both downward-sloping, but for different…

A: The entire amount of goods and services that all consumers in the economy are requesting is referred…

Q: Answer the question on the basis of the following information. Number of Workers Total Product…

A: Marginal product measures the change in the total product due to a change in the number of workers…

Q: Assume that the nominal interest rate is 8% in 2020, with inflation at 3%. a. According to the…

A: Inflation rate is consistent rise in general price level over period of time. Inflation reduces the…

Q: question 33 The demand curve for a certain product is given by p(q )= 551-q^2 . The supply curve is…

A: Producer surplus is the difference between the price that the producer is willing to receive and the…

Q: 4. Questions and Problems 4 This question relates to Fed policy tools and monetary policy in the…

A: Open market operation is used to change the money supply.  When Fed sells the bonds , this means Fed…

Q: Alonso has preferences for sport cars (C) and paella (P) given by the utility function U(C, P) =…

A: Hicksian demands are function of prices (pc,pp) the utility level (U)

Q: the price at which a 91-day Treasury Bill is sold falls, which of the following statements are true?…

A: Treasury bills are the bills that are issued by the government of a county, which can be purchased…

Q: Question 14 The diagram below shows the marginal cost of abatement for each of two firms, A and B.…

A: An E(externality )is a cost that is not borne by the person who generated it. The externality can be…

Q: Question 2 Consider a consumer in the two-period model. Initially, this consumer chooses a bundle…

A: A consumer is faced with a trade-off between present consumption and future consumption. If a…

Q: QUESTION 22 On a graph, the area below a demand curve and above the price measures O a producer…

A: A demand curve shows quantities of a commodity that consumers are willing and able to purchase over…

Q: QUESTION 19 All partners in a General partnership are liable for any debts, only to the extent of…

A: A general partnership is a type of business organization when two or more people concur to divide…

Q: Should the USA support a global economy or a closed economy?

A: An open economy or a global economy is a type of economy that trades products, services and…

Q: What the bank is holding - or it's reserve deposit A. Primary Reserve Occurs if the bank holds more…

A: The central bank of a nation sets the required reserve ratio and each commercial bank has to keep…

Q: 0. which of the following would most likely have a price elasticity coefficient less than 1 !

A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…

Q: What is the theory of country size? How is country size determined? How does country size affect…

A: International trade is the exchange or trade of products and services between various countries.…

Q: Please make introduction and background of the study only.

A: Introduction: De la Salle University Chemical Engineering students Antonio Tagorda and Samuel…

Q: Use the graph to answer the following: (a) At the optimal consumption point, approximately how many…

A: The combination of two goods which the consumer can buy from his given income is called budget…

Q: 30 Suppose now that there is no sale tax and p How much money does Gina need to spend in order to…

A: Given  Gina likes 3 T-Rex's as much as she likes 4 yaks and T-Rex's ad Yaks are the perfect…

Q: How do equilibrium prices in markets characterized by oligopoly compare with those in monopolies and…

A: The market forms are the different types of market that are prevalent in all the economies of the…

Q: The long run is defined by economists as being  it depends on the industry   1-5 years   greater…

A: The passage of time has a significant impact on how well the good is produced and how much is…

Q: What is the short-run shutdown price, the price below which the firm chooses to shut down…

A: Shut Down price: In the short run as the firm faces the total fixed cost as well. And a firm will…

Q: Behavioral economics is the field of economics that........... explores economic decision making…

A: DEFINITION: Behavioral Economics is the branch of economics that studies the effects of…

Q: After 8 years of use, the heavy-truck engine-overhaul equipment at Pete's Truck Repair was evaluated…

A: The annual worth (AW) value for an option is included two parts: capital recovery for the initial…

Q: Suppose you have $100 to invest. You can hold it in cash, you can deposit it in some savings account…

A: Here, three options are available to invest $100. This $100 can be kept as cash, in savings account…

Q: Problem Set 4 Suppose the following transactions occur during the current year: 1. Lorenzo orders 60…

A: The total cash value of all the goods and services produced in an economy during a given time period…

Q: Which one of the following can increase the estimate of damages caused by a particular pollutant? O…

A: Introduction: Economic damage: Financial losses that can be objectively verified as having occurred,…

Q: To fight inflation, the Fed will: (Select all that apply)   A. Sell securities on the open market.…

A: Monetary policy is the policy used by the central bank of the country to control the money supply in…

Q: Let us assume that in Region X, there are only 2 hospitals available and that they act as Cournot…

A: In Cournot market, each firm’s production decision depends on other firm’s production. Firms compete…

Q: O O O on the day following the trade date. within two business days.. within three business days.

A: In the foreign exchange market, financial derivatives are traded on the basis of a spot rate or a…

Q: Predatory pricing occurs when a firm intentionally prevents competition by pricing their product at?

A: Firms compete in the market to acquire the market share to earn profits. If the market share is high…

Q: Which of the following ideas would those in favor of protectionist trade policies MOST likely…

A: Protectionism is the strategy used by businesses to defend their own nations from outside…

Q: Which one of the following statements describes a shortcoming of the Federal Reserve's monetary…

A: Main function of Federal reserve are Conducting monetary policy – The federal reserve aims to…

Q: The market allows free entry and exit. There are many potential entrepreneurs operating in this…

A: The characteristics of free exit and free entry in is seen in competitive market and monopolistic…

Q: Consider maximising 8 - x2 - 4y2 + 2xy where where x ≥ 4. What y-value solves this maximisation…

A: We will use the Lagrange multiplier to solve the above equation given the constraint. Let Z = 8 - x2…

Q: Which point represents a situation where Canada is producing the same amount it would in autarky,…

A: Trade refers to the concept of exchanging goods and services in the market. The trade patterns imply…

Q: What is the real meaning of development

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