Consider the following types of firms. For each one, the long-run average cost curve eventually exhibits diseconomies of scale. For which firms would you expect diseconomies of scale to set in at relatively low levels of output? Why? A copy shop A hardware store A dairy

Q: If an economy starts in a long run equilibrium and then there is a large decrease in the stock…

A: Long-run equilibrium refers to an equilibrium where the aggregate demand curve and aggregate supply…

Q: The IS curve will not shift when which of the following occurs? An increase in government spending.…

A: In economics, the IS-LM model is used by the policymakers to analyze the overall economic condition…

Q: What are the conditions that needs a perfect market abd what are the conditions that needs the…

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Q: Explain two strategies a firm in an oligopoly market pursue to increase customer loyalty.

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Q: A small tie shop finds that at a sales level of x ties per day its marginal profit is MP(x) dollars…

A: Given:MP(x)=1.60+0.10x-0.0012x2Now,MP(x)=P'(x)Thus,P'(x)=∫(1.60+0.10x-0.0012x2)dxP'(x)=1.60x+0.05x2-…

Q: What is the short run Supply Curve for a competitive firm?

A: In perfect competition, the short-run supply curve is the marginal cost curve (MC) at and below the…

Q: Collusion means that: a.two monopolistically competitive firms agree to keep their price lower than…

A: Oligopoly is the market structure in which there are only a few sellers of a product which may be…

Q: es in the nd market are given by Q = 120- 2P, and Q2 = 240-2P2. Suppose that cons uct from cheaper…

A: In a monopolistic market, an item is delivered by just a single organization. Since there is no…

Q: The price level was at an index value of 280 at the start of the year. It is expected to reach 300…

A: Fisher Effect of open economy states that exchange rate  between countries can be gauged by interest…

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

Q: IS curve: r = 30.30-0.0015Y LM curve: =Y - 500(r + n°) SRAS curve: Y = Y + 100(P – P°) The nominal…

A: The IS-LM model describes how aggregate markets for real goods and financial markets interact to…

Q: Is rising national debt is harmful to the U.S economy?

A: National debt refers to the total amount of financial borrowings by the people and the government of…

Q: Solve: 1. A/G, 15%, 9 2. 4. P= ?, rate of increase = 2%, i=10%, n=20 P/G, 10%, 7 3. F/G, 7.2%, 10 5.…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells…

A: Monopoly market refers to the market structure that can be identified by one seller, who sells a…

Q: Our formulation of monetary policy has thus far assumed that the central bank can set the nominal…

A: Taylor Rule is defined as a rule which acts as a suggestion for the Federal Reserve to increase the…

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Q: how can globalization help daily life of the people.

A: Globalistion is the process of integration among people and the government of different companies.

Q: (a) Explain the meaning of velocity of money (b) Suppose the money supply M has been growing at 10%…

A: The way through which transactions could take place in the market and are being considered as the…

Q: There are two firms in a homogenous product market described by the demand function…

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Q: 16. Calculate the profits for firm 1 for the situation described in question 15 before, where the…

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Q: Question 23                  In the graph above, if D2 is the original demand curve and the price of…

A: In economics, there exists an inverse relationship between price and quantity demanded. This implies…

Q: The White Swan Talc Company paid $120,000 for mining equipment for a small talc mine. The mining…

A: Under the SYD technique, the depreciation rate for every year is determined as the number of years…

Q: 3.1. Explain, with the aid of examples, the following economic concepts in terms of utility theory:…

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Q: U.S. exports to Canada are   are positively related to Canada's GDP.   positively related to the…

A: US exports refers to goods produced in the US, sold to foreign countries.

Q: What is the role of government in the circular flow of income and expenditure?

A: The circular flow of income model is the demonstration of the movement of money through society.…

Q: Comment on these statements: 1: Supply curve of the Constant cost industry. 2: supply curve of the…

A: 1) Supply curve of the Constant cost industry. A constant cost industry is one in which the costs of…

Q: A man invests in a project that requires a fixed capital of P 2.5M with no salvage, and life of 12…

A: Payout can be defined as the financial returns that are anticipated from a particular investment or…

Q: 700 600 600 + + EOQ 3 4 ID i = 5% co. monthly

A: Introduction We have given a cash flow. Let's solve at first for x Present value = future value(1 +…

Q: e the following graph for a competitive market to answer the question below. The horizontal axis…

A: A price floor to be binding always set below the equilbirum price. The equilibrium price is where…

Q: Suppose rules of the scenario change such that Village1 and Village2 are having a conflict on the…

A: Pay off matrix shows various payoffs which two players can get if they play a strategy, given other…

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

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Q: Suppose the supply function is given as Qs = -6 + BP. I. Construct a supply schodule if prices are…

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Q: Consider the long-run equilibrium output, the potential output, the full-employment output, and the…

A: The quantity of goods and services that are being produced in an economy during a given time span is…

Q: What is the function and use of the supply in the market? What are the causes that are responsible…

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Q: Quantity Demanded             Price                   Quantity Supplied     5…

A: Demand schedule shows the different combinations of quantity demanded at different prices. Supply…

Q: If the marginal revenue is 45 and the marginal cost is 45 also. What can you say about the firm's…

A: Profit maximization is the process through which corporations and organizations devise methods to…

Q: Question 20                  Use the following graph to answer questions 20–25.     For the graph…

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Q: 2. Short-run Aggregate Supply and the Phillips Curve Suppose that the economy is populated by two…

A: As per the given information Firms set their prices as per sticky price and flexible price θ…

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Q: Using the IS–LM diagram, show the effects on output and the interest rate of a increase in…

A: The change in the government spending affects the IS-LM model thereby affecting the output and…

Q: 4. Consider the case where countries are free to specialize and trade. In the table below calculate…

A: Opportunity cost is the next best alternative choice.

Q: A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…

A: Depreciation will lessen the bookkeeping rate of return. Depreciation is an immediate expense and…

Q: Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per…

A: Total revenue at 20 units of output = 10*20= 200 Total revenue at 21 units of output = 9.75*21 =…

Q: 3 8. Let be the utility function U(x, y) = (xi + 2yi), , where x and y a are the quantities %3D…

A: Given information U=49X13 +2Y133 Consumer is consuming X and Y X=2 and Y=2

Q: If in theory collusion is good for the members of a cartel, give at least three reasons why in…

A: Collusion refers to an illegal agreement between two rival firms to come together to disrupt the…

Q: Assume that a firm in a competitive market faces the following cost information. If the market price…

A: PLEASE FIND THE ANSWER BELOW.

Q: In the money market when the money supply is increased, the interest rate falls by ________ when the…

A: When all other factors are equal, a bigger money supply lowers market interest rates, making…

Q: Do you agree or disagree that the trade policies can assume varying dimensions and scope depending…

A: If we consider the trade policies then it is made in order to provide benefits to many economies…

Q: Which of the following policies will NOT shift the Aggregate Expenditure curve upward? Select one: O…

A: Aggregate expenditure is a sum of consumption spending, investment, government spending and net…

Q: kindly answer question 2 and 3  Robinson makes $200 a week and spends his entire income on running…

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