Explain why a monopolistically competitive firm switches from charging a single price to Third-Degree Price discrimination (Hint: SR vs LR). Explain and graph.

Q: 8. The international uniform customs practice in written for documentary collection is ((). A.…

A: 1st option is correct - The Uniform Customs and Practice for Documentary Credits (UCP) is a set of…

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A: given that, total fixed cost and total variable cost we have to find firms profit or loss and was…

Q: A monopolist earns $60 million annually and will maintain that level of profit indefinitely provided…

A: Answer; Monopolist earns annually =$60 million The opportunity cost of funds =10%=0.10 The…

Q: 2. Suppose two players are caught in a prisoner's dilemma with the payoffs given by Nice Mean Nice…

A: Nice Mean Nice 2,2 -4,5 Mean 5,-4 -2,-2 probability = β Row wise Player 1; Column…

Q: According to Adam Smith, the interest of the producer ought to be attended to:     above the…

A: Answer to the question is as follows:

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A: Dividends means that amount which company pay to its stockholder after deduction of its cost and…

Q: $43,000 31,000 $25,000 18,500 $11,000 $15,500 25,000 11,000 ne icon to view the interest and annulty…

A: Present worth is the idea that expresses a measure of cash today is worth more than that equivalent…

Q: Why would a lender offer unsecured short-term loans when it could demand collateral?

A: There are two types of loans in businesses- Secured business loans, which need some collateral for…

Q: What are some general factors that can impact the demand for a product and the supply of a product?…

A: Law of demand states that there exists negative relationship between price of a good and quantity…

Q: has justified the move on the grounds that the economy continues to be

A: The central bank of the nation controls the inflation and monetary policy by using policies such as…

Q: Question 7 The cotton industry shifted from high economic profits to zero economic profits, where it…

A: In perfect the competition exit or entry in the market is open . Therefore in short run firm makes…

Q: Why is the US a member of the North Atlantic Treaty Organization (NATO)? O to reduce barriers to…

A: NATO's objective is to maintain the political and military independence and security of its…

Q: Protests on Federal Government contracts may be made to all the following entities except:…

A: Protests on Federal Government Contracts may be made to the different forums.

Q: Doctors often charge patients different amounts. What implications does this have for exchange…

A: exchange efficiency also called pareto efficiency is  about how to make something better by making…

Q: iv) Natural disasters increase the post-disaster Gross Domestic Product (GDP) but are bad to long…

A: GDP refers to the final value of goods and services that produced in a nation in a particular period…

Q: Commercial banks hold governments bonds of £71, reserves of £61, and currency of £48. The public…

A: As given data Reserve = £61 Currency of £48 by banks and £100 by public  Deposits = £1000

Q: The elasticity of resource demand is calculated as: % Chage in resource quantjty/% Change in…

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…

Q: Question 1 What generally is best to increase aggregate demand or GDP? • a. Lots of imports to the…

A: Aggregate demand is the demand of an economy as a whole and the GDP refers to the final values of…

Q: The above figure shows the demand curves in four different markets. If each of the markets has an…

A: Answer is given below

Q: What is the theory of containment and how did it drive US foreign policy and foreign interventions…

A: During the Cold War, the United States used a foreign policy tactic known as containment. According…

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A: The pay and allowances are the basic cost that is incurred by any firm. But the salaries vary…

Q: The marginal rate of transformation is O The profit margin of a product divided by total sales OThe…

A: The marginal rate of transformation (MRT) is the amount of one good needed to give up to be on the…

Q: 7. You are hoping to put down $3000 on a car in 2 years. If the bank pays 4% interest, compounded…

A: FV = 3000 Interest rate = 4% compounded monthly time = 2 Years

Q: The figure shows the cost curves for Phil's Phone Repair, a cell phone repair firm. When output…

A: Answer is given Below

Q: Selected members of a national organization of mathematics teachers were asked to decide on a…

A: Approval voting is a solitary electoral system where each voter may vote for any number of…

Q: "Macroeconomics is the study of economic activity at the aggregate level, examining the entire…

A: (1 The four key macroeconomic issues are as per the following:-         Business and joblessness…

Q: (Q#8a) Each time the FED now sells a large tranche (amount) of treasury and mortgage bonds, what…

A: Answer: Note: the question does not clearly explain what to be done but it seems like one option out…

Q: Boeing estimates the own-price elasticity of demand for new commercial jets is –1.25. Use their…

A: The answer is given below

Q: Drive-in cinema became very popular in the late 1950s and early 1960s, particularly after screening…

A: Opportunity costs address the potential advantages that an individual, financial backer, or business…

Q: QUESTION 1 Table 13-16 Average Variable Marginal Average Variable Average Total Fixed Quantity Total…

A: In economics, average variable cost (AVC) is  described as a firm's variable costs divided by the…

Q: If the technology for producing is restricted, then there will be atn). Oa Expansion of Supply Ob…

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

Q: Describe an innovation in technology, business, or culture that had a major economic impact in your…

A: Innovation and change have become the key components for the success and failure of any business.…

Q: A series of actions where the outcomes are always uncertain. Group of answer choices experiment…

A: In an experiment, the outcomes are always uncertain. For example : Rolling a dice.   Outcome is the…

Q: Why is it important to study productivity? How do we determine productivity? Give an example of each…

A: Productivity is a proportion of economic execution that looks at how much labor and products are…

Q: Use the monetary approach to answer each of the following. Be sure to spell out your assumptions…

A:

Q: Which one is an example of a positive externality? O noise from a construction sight O a student…

A: Externality is the effect due to the production activity of a manufacturing firm. For example,…

Q: Hampton Industries had $46,000 in cash at year-end 2018 and $15,000 in cash at year-end 2019. The…

A: Cash flow refers to the quantity of cash or cash equivalents received or disbursed by the company in…

Q: 7. You are given with some economic data of Economy B in 2021. Answer this question using the…

A: Nominal GDP growth rate refers to growth rate of GDP of a country in current price terms whereas…

Q: Cost function C = 80q - 3q2 + q3 If MC function is 80-6q+3q2, At what output level the average cost…

A: Answer to the question is as follows:

Q: Break-Even Point The break-even point for a company is where costs equal revenues. Therefore the…

A: In short run, each and every firm focus to recover variable cost and ready to bear fixed cost .

Q: True or False? In his 1974 statement assigned as a reading, Arthur Burns argued that increases in…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: Suppose the bank deposit has 30% annual interest rate. It implies that the purchasing power of…

A: Given, Interest rate = 30%

Q: True or false, with explanation Suppose the bank deposit has 30% annual interest rate. It implies…

A: When talking about deposit interest rate, it is the annual rate of return for the people when they…

Q: You are asked to employ the studied model of Perfect Competition to analyse the fishers in the…

A: A theoretical market structure is referred to as perfect competition. There are no monopolies under…

Q: Getting a flu shot generates external benefits. Without any form of government intervention, the…

A: Getting a flue shot is a consumption activity which thereby also affects the third party…

Q: differences between the mainstream/New Keynesian and the Post-Keynesian theory of medium run…

A: New Keynesian Theory According to the New Keynesian Theory, prices and wages are closely related and…

Q: 1) Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: 4.2. What is the equilibrium wage rate before immigration? How many workers would be hired? 4.3.…

A: a). Consider the given problem here the total supply of labor is “ST = 10 + 2*W” and the supply of…

Q: 3. Using aggregate demand and aggregate supply analysis, show the effects of the following (Assume…

A: Aggregate demand includes all final goods and services generated in an economy. Aggregate demand is…

Q: What forces may promote in the future a global economy, as opposed to localism?

A: Answer -    Globalism:- Under the globalism where more free flow of information, Trade among the…