Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand given by Q=408-2P. Its only cost is a Marginal Cost is MC=Q What is the (absolute) deadweight loss due to monopoly?

Q: What's the feds, Its purpose? Who is the person in charge?

A: Central banking system of the United States of America is called Federal Reserve system(Fed) .It was...

Q: Suppose that the government is concerned about keeping pace with this long-term growth and ensuring ...

A: Economic stability can only be maintained by maintaining the price level in the economy. There are t...

Q: (A). What are the components of the trilemma that is encountered when a country chooses its monetary...

A: (A.)  The policy trilemma, which is also known as the impossible or inconsistent trinity, implies th...

Q: Suppose the economy has 100 units each of goods X and Y and the utility functions of the (only) 2 in...

A: The initial endowments are not effcient and improvement is possible as explained below. 

Q: Zac has a current wealth of £400. He gets an email offering him the chance to enter a prize draw tha...

A: Answer: Given, Current wealth=£400Chance of winning £500=25%Chance of winning £0=75% Let us first ca...

Q: Suppose that the price of apples increases by 10%. Within a short amount of time, apple producers ar...

A: Elasticity of supply helps the producers in determining the production levels. It also explains how ...

Q: Why are interest rates rising in the US inflation, how does society benefit from that increase?

A: In the United States, change in interest rate has a significant impact on inflation.

Q: Suppose that K(t+5)/N > K(t+3)/N, where K(t+3) is capital in period t+3 and K(t+5) is capital in per...

A: Here, it is given that capital per worker in t+3 period is less than capital per worker in t+5 perio...

Q: Suppose a perfectly competitive industry has 300 identical firms in the short run. Each firm faces a...

A:  A perfectly competitive firm produces homogeneous goods which makes them price takers 

Q: The relationship between the price of the bond and the market rate of interest rate? * a. Inversely...

A: Par value of a bond is the amount you will get at the time of maturity of the bond The market price ...

Q: If a war breaks out and the government spends additional money on defense this will cause which of t...

A: Aggregate demand shows a negative relationship between price and output.

Q: Joy Lima manages a Sweet Chocolate Bar Store. She charges P100 per bar for her chocolate. You, the e...

A: Here, it is given that Joy Lima charges P100 per bar of chocolate and has a price elasticity of dema...

Q: A firm has a production function Q in function of K and L that can be written as follows: Q = 2/K/L ...

A: The production function is a model that expressed the relationship between inputs (like labor and ca...

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 200. 4a.What is the firm's marginal...

A: Please find the answer below. 

Q: Consider two developed and developing countries, the population growth rate of developed countries i...

A: Given that; The population growth rate of developed countries is 2 % per year Saving rate = 30% The ...

Q: Is the demographic transition a universal process?

A: Demograhic transition is a universal phenomenon.

Q: a) Discuss the effect of a sterilized central bank purchase of foreign assets under the imperfect as...

A: a)

Q: 3 Which of the following statements is /are incorrect in explaining the difference between M1, M2, ...

A: In an economy, the measurement of the money supply is M1, M2, and M3. These are also known as money ...

Q: • 2. If the real growth rate is 4.8% and the inflation rate is 6.4%, what is the 2020 nominal GDP if...

A: Nominal GDP2019= $2,234 Real growth rate= 4.8% Inflation rate= 6.4%

Q: Reter to the graph to the right Atal in the domestic price level n desired consunption and private s...

A: Aggregate Expenditure = Household consumption + Gross investment+ Government spending + Net exports

Q: Angel started to work in 2001 with an annual salary of £20,500. She received a £1100 raise each year...

A: Angel started to work in 2001 with an annual salary of £20,500. She received an £1100 raise each yea...

Q: Lauren runs a chili restaurant in San Francisco. Her total revenue last year was $110,000. The rent ...

A: "Implicit costs refer to the opportunity costs i.e. the cost of resources which the business owns th...

Q: Assume that the economy is in a full employment equilibrium. There is an increase in consumer sentim...

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the econom...

A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for...

Q: 5. Quick Freeze Inc. sells small 'easy carry' coolers suitable for chilling beer and soft drinks. Th...

A: Given  When the price of dry ice packets reduces from P1 $2.00 to P2 $1.00, the sale of easy carry c...

Q: Suppose that K(t+1)/N < K(t+3)/N, where K(t+3) is capital in period t+3 and K(t+1) is capital in per...

A: Introduction It has given that K (t +1)N &lt; K (t + 3)N But when the economy is in steady state the...

Q: In today’s economy, it’s harder for workers to get promoted. In 2006, it took an average of 2 ½ year...

A: Generally, inflation and unemployment are major pain points for everyone, producers and consumers al...

Q: Explain the fundamentals of demography

A: Economic demography examines fundamental aspects of human existence such as birth and death, marriag...

Q: American Airlines is considering expanding service into a new market. How would you assess the poten...

A: Since the 1970s, airlines have been early users of cutting-edge revenue-management (RM) systems. The...

Q: QUESTION 3 che Heckscher-Ohlin model with trade the wage in a countr True False

A: The Heckscher-Ohlin model is an economic theory that states countries should export what they can cr...

Q: What is Time Consistency? Select one: a. None of the above b. a situation in which an agent, pl...

A: Time consistency One of the most complex issues in economics is that of time consistency.It emerges ...

Q: 4. How would you feel defending a client that you knew was guilty?

A: We'd all be Fat Cat Lawyers if a criminal lawyer had a pound for every time they were asked this que...

Q: 4) Suppose that we have the following data for Amazon operations in the US: Sales $469.8B $365.6B Co...

A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and...

Q: aphed with the conventional axes, the slope of the aggregate labour demand curve is negative and its...

A: Given that LDA = 118 - 2.6wA LDB = 92 - 3.8wB

Q: CDO City started a Solid Waste Management initiative in partnership with Tetra Pak Philippines and B...

A: In the mentioned question we have been asked about the profits which are going to be earned when the...

Q: 1. Given the following data, identify the amount of shortage or surplus that would exist at a price ...

A: Market refers to the place where the goods and services are brought and sold at the common price in ...

Q: Nam's Marshallian demand function for good X and Y is given by: X* Suppose that P-3, a - 0.7, B = 0....

A: Demand function for good X=I/2Px(α+β) Putting the given values in the demand function to find the va...

Q: A gym membership charges their current members a monthly fee on the 1" of the month. Monthly churn r...

A: This problem requires the knowledge of the following topics: 1) Random Variables. 2) Expected Value ...

Q: Illustration 12.17. An index of production of a particular arti- cle follows the trend Y=100+6X with...

A: Y = 100 + 6X This equation is of the form Y = a + bX To get the monthly trend equation we will divid...

Q: You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory ...

A: An average fixed cost (AFC) defines how much it expenses to fabricate one unit. It helps measure the...

Q: Nam's Marshallian demand function for good X and Y is I given by: X* Suppose that Px=4, a = 0.7, ß =...

A: Demand function for good X X = I / [2Px (α + β)] Differentiate X w.r.t Px =&gt; dX / dPx = -I / [2Px...

Q: Brandon purchased a car using a 5-year car lease at 5.80% compounded quarterly that required her to ...

A: The cost of the car can be calculated by adding the downpayment with the present value of the loan p...

Q: Find the value of B. Quantity Total Cost Fixed Cost Variable Cost Average Total Cost Average Fixed C...

A: "Average fixed cost measures the fixed cost of production per unit of output."

Q: Explain Simple Loan considering Articles 1953 to 1955 and 1980

A: A simple loan, also known as a simple interest loan, is a loan with a low interest rate. It's a type...

Q: What is the Haifa day care experiment? Why is the result surprising to economists?

A: Haifa's daycare experiment was conducted in 1998 by two economists in Israel. The result of the expe...

Q: Find the present worth of a perpetuity of P 13,500 payable quarterly if money is worth 12% compounde...

A: The term perpetuity means a number of equal payments of money for an indefinite period of time Prese...

Q: Use the midpoint method for calculating all elasticity measures below   Suppose that the price of ...

A: Answer: Given, Short-run data: Percenatge change in price=10%Percenatge change in quantity supplied=...

Q: (KEY QUESTION) Consider the following strategic interaction between two Australia telecommuncation c...

A: Dear learner you have posted a multiple subpart question, as per our policy we have solved only firs...

Q: Assume Australia is an importer of sofas and there are no trade restrictions. Australian  consumers ...

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of g...

Q: Suppose there is a 10% increase in the price of apples. In the immediate short run this elicits a 1%...

A: The Elasticity of supply measures that how much the quantity supplied of a good changes in response ...