Explain with the use of a diagram when a monopolistic corporation maximises its profit

Q: 6. Macroeconomic equilibrium and the ranges of the aggregate supply curve The following graph shows…

A: Aggregate Demand curve is the curve that represents or denote the sum of demands that an economy…

Q: Year 2017 2018 2019 Price (Dollars per pencil) 1 2 Pencils 4 Quantity (Number of pencils) 115. 135.…

A: Use the following formula to find the values: Nominal GDP = Current year quantity x Current year…

Q: What if the information regarding market demand and market supply is conveyed in equations rather…

A: Given  Market demand equation  is given as  Q=10-P .        .... (1) Market supply equation Q=P.…

Q: Suppose that nominal GDP was $9250000.00 in 2005 in Orange County California. In 2015, nominal GDP…

A: A) Nominal GDP growth rate is the % change in nominal GDP from 2005 to 2015   nominal GDP growth =…

Q: 1. If the consumer can only buy product x, how much will the consumer buy and what will be the total…

A: PX= $4 Py= $2 M= $20

Q: Cassava is the main commodity in the economy of Makandingi. Given the hardship in the economy, the…

A: The equilibrium worth is that the solely price wherever the plans of customers and therefore the…

Q: You are given the following information about an economy. C=20+0.8(Y-T) 1=100 G=520 T=0.25Y and…

A: Equilibrium GDP is denoted to be as that level of the output whose certain level of the production…

Q: uppose that the market demand for mountain spring water is given as follows: P = 1200 - Q Mountain…

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

Q: 22. What does the Long Run Average Cost curve depict? a) It depicts the relationship between Average…

A: Long-run average total cost (LRATC) is a business metric that addresses the average cost per unit of…

Q: When defining the hypothesis, we present…   a.   None of the responses   b.   The null…

A: A hypothesis is a formal statement that explains the relationship between two or more variables in a…

Q: Which of the following is NOT an example of price discrimination?   Question 19 options:   Airline…

A: Price discrimination is the market strategy which aims at charging varied prices from different…

Q: A monopolistically competitive firm maximizes profit in the short run by producing where Oprice is…

A: Under a monopolistic market, there are many buyers and sellers in the market. The good being sold is…

Q: Why does agricultural output tend to increase along with population, in contrast to Malthus's…

A: Thomas Robert Malthus was a prominent figure in the disciplines of political economics and…

Q: Q1. If fixed cost (FC) is $50, variable cost (VC) is $100, and output (quantity) is 3, what is…

A: Q1) TC = TFC +TVC.  = 100+50  =150 ATC = TC/Q  = 150/3  = 50

Q: Pencils Oranges Price (Dollars per orange) 1 Quantity (Number of orang 165 225 175 Price Quantity…

A: Real GDP fixes the price level at base year. It is not affected by changes in price level.

Q: A 50m2 apartment is for sale for $50,000 down payment plus $100,000 at the end of 1 year. The seller…

A: Alternative 1: Down payment =$50,000                      And $100,000 at the end of one year…

Q: Engineering Economics (Ilustrative Problem): A tunnel through a mountain is being considered as a…

A: Benefit Cost Ratio refers to the ratio of the present values of the sum of the benefits to the…

Q: Discuss how does Managerial Economics differ from Economics?

A: Managerial economics differs from economies because it is the part of economics which requires…

Q: According to the midpoint method, the price elasticity of demand for tomatoes between point X and…

A: Elasticity measures the responsiveness of quantity demanded to changes in price.

Q: The following table shows nominal GDP and an appropriate price index for a group of selected years.…

A: Nominal GDP, unlike real GDP, does not correctly reflect an economy's output. The total national…

Q: Demand and Cost facing Monopolist Price Quantity Total Revenue Marginal Revenue Total Variable Cost…

A: Under Perfect competitive market AR=MR=P, and optimum condition P=MC Under monopoly market profit…

Q: THE NEXT TWO THE FOLLOWING FIGURE: P $2.00 $1.50 W U Q od

A: Here, the given graph shows the demand curve, which explains differ quantity demanded as different…

Q: Suppose that with a budget of $110, Deborah spends $66 on sushi and $44 on bagels when sushi costs…

A: Given; Income; I=$110Money spent on sushi= $66Money spent on bagels= $44Cost of 1 piece of…

Q: For each of the regions listed in the following table, use the midpoint method to identify if the…

A:

Q: An income tax put on a person's income raises the same amount of revenue as a quantity tax put on…

A: People are exposed to a consumption tax when they spend money, similar to how much they buy.  When…

Q: Price Quantity Demanded Quantity Supplied $1 40 18 $2 35 22 $3 30 30 $4 25 40 $5 20 44 According to…

A: Merely in the simple words we can say that the equilibrium quantity is denoted to be as the quantity…

Q: Explain “Creative destruction-Darwinian theory” in terms of businesses struggling to survive the…

A: Darwinian theory of evolution by natural choice: It cannot describe the origin of individual species…

Q: Country A produces GDP according to the following equation: GDP = 5√K and has a capital stock of…

A: Gross domestic product is the sum of the market values of all the goods and services produced…

Q: Consider an asset that costs $690,000 and is depreciated straight-line to zero over its eight-year…

A: The measure that depicts the current stream of cash flows being discounted at a specified rate of…

Q: Explain the differentiation and positioning in terms of the relationship between the price and…

A: Price is gradually known to be as the value of the money that has to be merely paid for acquiring a…

Q: Which of the following would be strategies to increse productivity     A.) Invest in accumulating…

A: Productivity refers to the ability  of a firm to use input resources efficiently and to minimize the…

Q: 2) A consumer has the utility function U(Q₁, Q₂) = Q1Q2 and can buy good X at 1 TL a unit and good Y…

A: Choices that maximize utility, or those that satisfy the marginal decision rule, yield demand curves…

Q: A new bridge with an infinite life is expected to have a first cost of $ 59.1 million. It will have…

A: The yearly worth or annual worth is the net of the multitude of advantages and costs caused more…

Q: Economics Complete the table below. (Round your answers to two decimal places.) Capital, Labor, K L…

A: Fixed cost remains same at all levels of output. Variable cost is the cost that changes as output…

Q: The branch of economics that assesses how efficienty and equitably an economy allocates its scarce…

A: The overall scarcity of the resources arises only and when the certain given resources or means to…

Q: Given the production function Y=A(K,L,N,H), what is the role of money in generating long run growth…

A:

Q: suppose that annual income from a rental property s expected to start a $1,270 per year and decrease…

A: Given  First-year rent on property =$1270 Then for each successive year, the rent decreases by a…

Q: What are the applications of partial derivatives in economics?

A: The derivative of a function of a single variable that depicts quickness of change in function value…

Q: Suppose that a country's annual growth rates were as follows over a 10-year period. Year Growth Rate…

A: The growth rate of a worth gauges its change starting with one period and then onto the next…

Q: According to the efficient market theory,     prices of actively traded stocks can be under- or…

A: Stocks are the financial instruments that firms or organizations raise and sell to the investors in…

Q: Suppose Jessica has two choices: receive $12000 and 30 utils or take a gamble that has a 55% chance…

A: Jessica has two options one is risk less and one has risk.

Q: What is the purpose of a free-market system? a. to protect the conditions that enable specialization…

A: Most countries began to abandon the concept of a free-market economy after the Great Depression.…

Q: What is the role of the Central Bank? How does central bank regulate monetary policy?

A: The central bank is the apex institution that manages monetary policy in the economy.

Q: Suppose the Republic of Newbee fixes the value of its currency, the Nam, to the dollar. In the U.S.,…

A: A government's or central bank's stabilisation policy aims to ensure a healthy rate of economic…

Q: Answer the following question..    "The Consumer Price Index increased by 4.2 percent in the first…

A: The statement shows that the consumer price index is increased by 4.2 percent. Consumer Price index…

Q: Baseball has not been convicted of violating the Sherman Antitrust Act because (a) baseball is the…

A: Sherman antitrust laws are the laws that demotivate the formation of monopoly on the economy.

Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Formula to calculate compounded interest:-                                                A=P1+rnnt…

Q: When Apple raised the price of iTunes from $.99 to $1.29, GS Boyz’s “Stanky Legg” sales dropped from…

A: Arc elasticity of demand = [(Q2 - Q1) / {(Q2 + Q1) / 2}] / [(P2 - P1) / {(P2 + P1) / 2}]

Q: where q is the number of units produced and A is the time in months that LeAnnʹs manager has spent…

A: The average cost of production at any given quantity will be reduced when A increases. So, this…

Q: (a) In a competitive market, the incidence of an excise tax ("who really pays the tax") is on…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…