Describe how a firm in perfect competition makes profit-maximizing decisions

Q: Next, consider a case that the integrated firm produce the product and sell directly to consumers.…

A: We have demand for integrated firm is p=70-q and MC= 10.

Q: Kyle is a grade 5 student currently taking his modular class at home since the pandemic happened in…

A: Between 5th and high school its 7 years Amount saved = 500Php twice a month Interest rate (i) =…

Q: 4. Working with Numbers and Graphs Q4 The face value of a bond is $6,000, and the annual coupon…

A: Answer; The coupon rate is 3%.

Q: What are the failures of the World Bank business indicators? Explain clearly

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Q: Assuming the nominal interest rate is positive, ceteris paribus, which of the following statements…

A: We know: Real Interest Rate = Nominal Interest Rate - Inflation This means how much are we earning…

Q: Consider the following game, which is played simultaneously: B 1 1 -1 2 1 What type of game this is?…

A: Game Theory Game theory is the study of making decisions. Under the game theory, mathematical…

Q: A couple recently got preapproved on a loan for their first house purchase. They are speculating on…

A: Low bid refers to the minimum amount of bid that a buyer can bid. This is possible if a seller is…

Q: A monopolist competition firm has MR-MC-50, ATC-40, P-35 at the current output level of 50. 1. Is…

A: A firm is operating in monopolist competition.

Q: Which of the following would lead to an increase (rightward shift) in the demand for money? an…

A: The demand for money represents the total amount of money that the people of an economy wants to…

Q: 1. The Following equations describe an economy: Y=C+I+G C = 240 +0.5(Y-T) I = 200-10r G = 100 T = 80…

A: GDP is the sum of consumption, investment and government spending in a closed economy. At…

Q: Concent of competitive advantag the aspect of qualify LOW COST technology and other

A:

Q: The growth in the velocity of M2 has been steady at about 2% since 1950 so we figure it will stay…

A: Answer; We Know That   Inflation in Future ( P)= 5%   Rate Of Growth Of Real Output (Y) =…

Q: A demand function for a product is P = 100 – 2.2Q and its supply function is P = 2.8Q, where P is…

A: The red line shows the demand and the blue line shows the supply.

Q: Examine the Lorenz Curves for Germany and Singapore shown in Figure 5. Which of the following…

A: The Lorenz curve and Ginni coefficient are the measurements of the inequality in an economy. With…

Q: The computer industry developed a new technology that reduces the number of resources used to build…

A: Aggregate demand: Aggregate demand can be defined as the sum total of all the goods and services…

Q: Suppose the equilibrium real interest rate is 5% and inflation rate is 3%. Determine the equilibrium…

A: Real Interest rate = 5% Inflation rate = 3%

Q: William purchased a universal life policy on his own life. When his son Ben turned 25, William…

A: Answer -   Taxable Income:- The total income generated by an individual or a firm . If the total…

Q: A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost…

A: Given, p(q) = -0.8q +1716 C(q) = 54.53q +4519 items produced = 814 need to calculate Marginal…

Q: Question 28 In 2020, the US economy experienced a negative shock on aggregate supply as well as a…

A: Equilibrium in the goods market occurs at the intersection of aggregate demand and aggregate supply…

Q: Which of the following is a problematic feature of a welfare state that is mitigated by the…

A: A welfare state is one that is dedicated to providing its citizens with basic economic security by…

Q: PROBLEM (5) (In a market with demand Q = 780 - p, there are 3 identical firms, A, B and C; each with…

A: The market price is the current market price at which an item or service can be bought or sold.…

Q: If a country were to increase its saving rate, then in the long run it would also increase its…

A: The answer is - Growth rate of productivity

Q: Which is a reason for why private banks tend not to use the discount window?

A: The federal rate is the rate at which commercial banks borrow from each other whereas a discount…

Q: Poland, after its transformation into a market economy in the early 90's, has consistently been…

A: Economy: It refers to the place under which the people exchange goods and services. The economy is…

Q: The Shell Corporation has a 34% tax rate and owns a piece of petroleum-drilling equipment that costs…

A: According to the question, we need to calculate the present worth of cash flow.  Where interest rate…

Q: Explain the theories of Emile durkheim in industrial relations shortly.

A: Emile Durkheim was a social scientist from France who pioneered a technique for merging empirical…

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Q: stina's Costs and Revenue mantity Average Variable Average Total Cost (dollars) Marginal Cost…

A: In monetary hypothesis, perfect competition happens when all organizations sell indistinguishable…

Q: Che-Che bought his brother a laptop 5 years ago which has a cost of around 25,000PhP. The laptop’s…

A: The given variables are: Initial cost = PhP 25,000 Life = 10 years Semi annual maintenance after 5…

Q: A company purchased equipment for $30,000 cash, obtained a bank loan for $20,000, collected $100,000…

A: Investment activity as the word itself suggest means that investing in purchase or sale of any fixed…

Q: Core inflation figures omit health care prices, but not energy prices. True or False True False

A: The given statement is false. Core inflation is the change in the costs of goods and services but it…

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A: here we find some applicable employment related laws in Canada (i.e. equal employment,…

Q: Elasticity in the real world—sort of. The managers of a scholarly journal that I edit were thinking…

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Q: Education determines the skill of the worker. High-skilled workers _______ compared to low-skilled…

A: The demand and supply of labor are determined in the labor market. Workers supply labor to firms in…

Q: A simplified version of input-output analysis of a national economy has the following input-output…

A: Answer im step 2

Q: Consider a market dominated by two firms with identical cost functions C(q) = c*q for some constant…

A: In Bertrand competition firms compete in prices rather than quantities . Cost function : C(q) = c*q…

Q: Use the table below to answer questions about Christina's Christmas Wreaths. Christina operates in a…

A: The incremental costs spent when producing additional units of a good or service are referred to as…

Q: Randall owns a small bakery. During his first few months in business, he charged $4 for each…

A: "The law of demand in economics states that when price of a commodity rise the quantity demanded of…

Q: S Why is а perpetuity? share in equitis considered a

A: answer to question no. 5. - Share in equity is basically an investment in the operations of a…

Q: For some years, Mel has contracted with several major pizza retailers for home delivery services. He…

A: Given,  Two Delivery Services : Current Van and New VanMARR : 12% Current Van : Purchased 10 years…

Q: 5. If both income and price increase, the direction of the change in quantity demanded cannot be…

A: When there is a change in the price of the good, while other factors affecting demand remain the…

Q: Question 31 A decrease in tax rates will increase the money multiplier. decrease the spending…

A: Tax multiplier Refers to the ratio of change in Real GDP with respect to change in taxes.

Q: s China interested in accountability in global business?

A: Accountability is a willingness to be open and upfront about one's performance, enabling others to…

Q: Which of the following does not describe a proprietorship? Owned by one person Has unlimited…

A: In a sole proprietary, a person owns the business. Business structures of this kind are the best.…

Q: 3 P-200x -3x² - 2xy + 150y-2y Find Px Pxx, Py, Pyy Pxy - Pyx Set Px = Py to Fino x Ano y Pxx Pxy…

A: Introduction Here we have given a quadratic equation of profit. P = 200x - 3 x2 - 2xy + 150 y - 2 y2…

Q: Lotteries result in the distribution of income

A: Income Inequality is defined as the unequal distribution of income in an economy. It is the…

Q: Sherry has a goal of retiring with $371,060 by making weekly deposits into an investment account…

A: Provided retiring amount = $371,060 annual interest rate = 1.6% 0r weekly interest rate = 1.6%/52 =…

Q: A monopolist sets the price at $10.At this price the absolute value of the elasticity of the demand…

A: The private gain from selling an additional output unit is a monopolist's marginal revenue. The…

Q: SLO-1.1. In centrally planned (command) economies the decides what goods and services will be…

A: There are different types of economies according to which people make their economic activities,…

Q: (d) Calculate the profit or loss of each firm at the short-run market equilibrium. If they are…

A: Competitive market with QS = 50P – 1000 and the market demand is QD = 2800 – 50P