Explain what is meant by a "deadweight loss" if an industry was a monopoly. Explain whether the deadweight loss would be smaller, larger or stay the same if the industry became a Cournot duopoly.

Q: The economy's output is produced using function Y = AK^0.2N^0.8. Suppose that K = 1000, N =100, and…

A: It is given that the output function is as follows:Here, Y denotes output, K denotes capital, N…

Q: a) If a piece of machinery depreciates at an annual rate of 4.35%, how many years will it take for…

A: Effective interest rate is the percentage of interest rate if compounded annually during which no…

Q: Gowri has $6 per day to purchase lunch. She spends all of her lunch money on pizza and iced-tea. The…

A: A budget line shows various combinations of two goods a consumer can purchase by spending all income…

Q: Describe and explain Samuelson’s general equilibrium model with one pure public  good and one…

A: A general equilibrium model is an economic framework that seeks to describe the interactions and…

Q: Study the complexity of exchange rate regime choices faced by many emerging market countries today…

A: Exchange rate refers to the rate at which the currency of one nation can be exchanged with another.…

Q: Prepare a short biography of the economist who you are planning to invite. The biography should…

A: David Edward Card can be a good choice to invite for discussing the problems of unemployment

Q: The next two questions are about interacting with people during COVID. When we encounter another…

A: Asymmetric Information- when everyone related to a particular piece of information is not having…

Q: How does the article “Latino workers are often segregated into bad jobs, but a strong U.S. labor…

A: Multiculturalism and economic growth have a complex relationship and may enhance one another.…

Q: 21. A consumer has a utility function defined over two goods X and Y. Let the quantity of Good X be…

A: A utility function is a mathematical representation that quantifies an individual's or a…

Q: by a player is kept by that player. Money allocated to the public account d by 1.5, and then…

A:

Q: Consider point A on the supply curve at right. Use the line drawing tool to draw another…

A: Price Elasticity of supply tells how much sensitive is quantity supplied to price change.…

Q: can someone calculate the gini coefficent please?

A: The Ginni coefficient is used to calculate income and wealth inequalities in the society. The Ginni…

Q: how have global interactions ( exploration, trade, colonialism, imperialism, etc) impacted Hawaii?…

A: Imperialism refers to a policy or ideology in which a powerful nation increase its influence,…

Q: Celia chooses how much care, x ∈ [0,1], to take in programming her robot. This effort costs her…

A: f) The expected sum of Celia's and Peter's payoffs is: (1-x)(V-x^2/2) + x(1-π)(V-x^2/2) +…

Q: What is the importance of equitable in the financing of public education?

A: In regard to education, equity, and equality are two distinct terms. Equality refers to the equal…

Q: Which of the following scenarios is most likely to lead to a country experiencing a contractionary…

A: A contractionary devaluation is a devaluation that leads to a decrease in economic output. This can…

Q: In the lecture we have considered the situation of constant discount rates (u;= Six) where 8₁ = 8₂ =…

A: In this question, we explore a game where time has different levels of importance for two players.…

Q: iscuss the positive and negative contributions of FDI inflow to the competitive advantage of host…

A: Foreign Direct Investment. It refers to those investments made by a company or individual from one…

Q: An automated assembly line is purchased for $1,250,000. The company has decided to use the…

A: The depreciation charge using the unit of production method is calculated by…

Q: Discuss empirical evidence on the relationship between firm lobbying activity, trade  protection and…

A: Empirical evidence in economics is data that is gathered through perception and experimentation. It…

Q: billion and the marginal propensity to spend out of national income is. In the simple model in this…

A: Aggregate expenditure function:AE = $48 billion + 0.95YWhere AE is an aggregate expenditure, and Y…

Q: Assume taxes are zero and an economy has a consumption function of C = 0.64 (Yd) + $250.19.  What is…

A: Consumption function has two components, autonomous consumption and induced consumption that depends…

Q: The coconut oil demand function (Bushena and Perloff, 1991) is Q=1,200-9.5p+16.2pp +0.2Y,

A: The coconut oil demand function is given below:Q = 1200 - 9.5p + 16.2pp + 0.2YWhere Q is the…

Q: Financial information about graders planned to be purchased is presented in the table below.…

A: To assess investment and financing choices that entail cash flows occurring over several periods,…

Q: Due to the Financial crisis back in 2008-09, many or our largest investments firms like Morgan…

A: The financial crisis that started in the early 21st century was also known as a global financial…

Q: Critically discuss whether the simple model of international trade with an import tariff  can be…

A: Rent-seeking refers to the pursuit of economic gain or wealth through activities that seek to…

Q: 3. Consider a model where a consumer, Mehdi, is deciding how to allocate their 24 hours each day…

A: Wage is cost of leisure. So change in wage , change cost of leisure and thus consumption of leisure…

Q: 3-) Consider an economy with the following economic functions; cd = 1000+ 0.45Y - 45000r0.5G Id =…

A: Aggregate demand refers to the total demand for commodities and services made by all the economic…

Q: There are 2 opposing philosophies that dictate many attitudes toward healthcare in the United…

A: In the united states, there are normally opposing philosophies that influence attitudes toward…

Q: Prepare 3 interview questions about this economic topic that you plan to ask your guest. Your…

A: Sure! Here are three interview questions related to the economic topic of the unemployment rate and…

Q: Judging types O Miss deadlines Take a long time to make decisions Are judgmental people Come through…

A: "Judging type" is a term often used in personality typing systems like the Myers-Briggs Type…

Q: Changes in the money supply affect the interest rate through changes in the supply of loans, Real…

A: Loanable funds are those that banking organisations keep on hand and use to make loans whenever a…

Q: What are the similarities and differences between big company tax and small/medium enterprises.

A: Taxation is a critical aspect of any business, regardless of its size. While big companies and…

Q: The elasticity of substitution will be a lower number: (a) The less curved is the indifference curve…

A: The elasticity of substitution measures the responsiveness of the relative quantity demanded of two…

Q: Consider the following diagram showing a range of isoquants and isocosts, with labour measured on…

A: The Isoquant shows the different combinations of two inputs that produce the same level of output.…

Q: 5. Q= 100/P² (P = 5

A: Demand refers to the quantity of a particular good or service that consumers are want to purchase…

Q: Consider the following information for a static game. If you advertise and your rival advertises,…

A: Nash equilibrium is an idea in game theory that addresses a stable state in a game where no player…

Q: hat are the five periods of Iranian economy since the Iranian Revolution (1979).

A: International sanctions describe the measures levied by one or more countries or international…

Q: What happens to happens to the annual payment on a loan as the term of the loan increases? O It…

A: The "term" of a loan means the time period in which a borrower paid her entire loan. the term of…

Q: 2. A firm uses capital (K) and labour (L) to produce luxury office chairs. The production technology…

A: A production function is a mathematical representation that shows the relationship between inputs…

Q: Country A is in autarkic equilibrium. The labor input requirement for good X is aLX = 1/3 hours. The…

A: A state in which a country aims to achieve self-sufficiency and economic independence by minimizing…

Q: rium interest rate and decrease the quantity of funds saved and invested.

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

Q: Your Policy Brief team has modelled the effects of an investment in Research & Development (R&D)…

A: Fresh air, safe drinking water, and plant and animal diversity are a few instances of environmental…

Q: Apply monetary and fiscal policy mixed instruments with the use of IS-LM graphical approach to…

A: A variety of internal and external elements may have contributed to macroeconomic unpredictability…

Q: What are  the Budgetary restrictions in the current fiscal climate IN UK.

A: The limitations or constraints placed on government spending or budgetary decisions are termed…

Q: e at the end of its 10 years life. In either case the annual income 1.2 million and the annual…

A: EUAW or Estimated Uniform Annual Worth is nothing but NPV distributed equally over the life of the…

Q: Residents of two districts, Oz and Wonderland, initially fall into two types: blue (B) and red (R).…

A: To determine the amounts of local public good that would be provided in each location in the…

Q: What is the optimal selling plan for the milk monopoly? They must choose both the package sizes and…

A: To determine the optimal selling plan, the monopolist needs to consider each type of consumer's…

Q: The supply of PPE in south africa depends on the willingness and ability of consumers to pay for it

A: The supply of personal protective equipment (PPE) in South Africa is influenced by a range of things…

Q: If opening up to free trade would benefit a nation, then why do nations not just eliminate their…

A: In theory of comparative advantage there are several benefits of free trade across the borders.…