Given the (inverse) demand function P = 337 - 19Q, at which value of Q is revenue maximized? Q = 9 Q = 17 Q = 30 Q = 83

Q: Which of the following are reasons that market prices might not reflect true social costs? O Monopol...

A: Monopoly is the reason that market prices might not reflect true social costs.

Q: Identify the returns to scale (increasing, constant, or decreasing) for the following production fun...

A:

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive markets firms do not have any market power so they take the price as given....

Q: e following table describes the production possibilities of two cities in the country of Baseballia:...

A: The costs that depict the cost of the next best alternative being foregone for specified decisions a...

Q: (a) Calculate nominal GDP in each year. (b) Calculate real GDP in each year, and the percentage inc...

A:

Q: 1.Would you consider an interest payment on a loan to a firm an explicit or implicit cost?

A: Implicit cost: It can not de directly conveyed in monetary terms. For example, cost related to emplo...

Q: Suppose the price elasticity of demand for gasoline is 0.7 and the price elasticity of demand for pl...

A: The price elasticity of demand is the ratio of percentage change in quantity demanded and percentage...

Q: Which of the following is a FALSE statement regarding a Perfect Competition market?        There ar...

A: Characteristics of a Perfectly Competitive market: 1) Large number of buyers and sellers: There are ...

Q: Let us consider the following version of the Heckscher-Ohlin model with two countries H and F, two g...

A: Given Information: The relative price of good x increases. Production of good X is skilled labour i...

Q: Ben wishes his son to receive P 200,000 ten years from now. What amount should he invest now if it w...

A: Answer:  Ben needs to deposit P68757.82

Q: are some government strategies u ase exports?

A: Outflow of goods and services from one country to another is known as export. 

Q: 4. Compute the percentage increase in real GDP from 2004 to 2005. a. 0 percent b. 7 percent c. 22 pe...

A: Real GDP is the value of all goods and services at the base year prices. Base Year is 2003 Real GDP ...

Q: It has been suggested that homeowners be allowed to deduct part of their mortgage (loan to buy a hom...

A: If homeowners are allowed to deduct part of their mortgage interest payments on their income tax for...

Q: Describe and show on a graph the effects on output and welfare if the government regulates a monopol...

A: Monopoly refers to the type of market where only one individual controls all the supply or productio...

Q: Consider the following demand function: U(X,Y) = X5Y5 Find the solution of the maximization problem.

A: The demand function shows the inverse relationship between two variables or components that are pric...

Q: EVALUATING TRANSPORTATION ALTERNATIVES USING ECONOMIC ALTERNATIVE METHODS: The Department of Traffic...

A: Given: Alternative Construction cost Annual saving cost in Accidents Annual time travel benefits...

Q: price supply domestic price $35 mport price + tariff $20 demand 100 300 500 650 850 quantity

A: The world price is $20 The imposition of a tariff of $15 per unit will increase the price from 20 to...

Q: What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of...

A: A person is said to be unemployed if he/she is willing to work and looking for it but not able to fi...

Q: In both “Descent of Inanna” and “Winnebago Tales,” we have a hero held captive in a strange Otherwor...

A: I'll look at "the orphan kid who was abducted by the dreadful thunderbirds" and "the man who visited...

Q: 3) Consider a commodity X whose demand function is 100-2P and which has a perfectly elastic supply c...

A: Market equilibrium is achieved when demand and  supply of services and   goods are equal .    And af...

Q: 3. Compute the percentage increase in prices from 2004 to 2005. a. 0 percent b. 13 percent c. 16 per...

A: Base year= 2003

Q: .Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are cur...

A: As per the question, Initial number of workers= 600 workers Initial wage received by a worker= $5000...

Q: 14. The labour force participation rate is the А. Proportion of population that is working Proportio...

A: Answer: Labor force participation: Labor force participation rate refers to the proportion of the po...

Q: How many years will it take for an investment to double if the interest rate is 5%?   a 33   b 12   ...

A: To find the number of years taken to double an amount, compound interest method can be used.

Q: a) Derive the goods market demand curve in terms of the output (Y) and the exogenousvariables:c0,c1,...

A: Consider a model of goods market that is characterized by the following equations:-  Aggregate deman...

Q: From this information compute equilibrium price and quantity

A:

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...

A: First cost of the equipment (FC) =P65000 Salvage value (S) =P 3000 Useful life (n) =6 years r=10% We...

Q: 4 Assume that a person's utility over two goods is given by U(g1; g2) = g1 + ln g2. The price of goo...

A: Answer: Given, Utility function: Ug1,g2=g1+lng2Price of good g1=p1Price of good g2=p2Marginal rate o...

Q: Which of the following is an example of the real flow in the circular flow model of economics? A. A ...

A: The interaction and relationship between the households and the business is interpreted by the circu...

Q: The price of a hot dog is $1, the price of a movie ticket is $,5 and the consumer has $13. A consume...

A: Optimal choice - It is the best combination of goods which will lead to the best satisfaction of the...

Q: Consider two firms with the following marginal abatement costs (MAC) functions: MAC1 = 25 - E1 MAC...

A: Externality refers to the condition where a certain entity is affected due to another completely unr...

Q: Management decisions about demand, supply, production, pricing, and market structure are all microec...

A: According to the question, Demand, supply, output, price, and market structure are all micro-econom...

Q: Productive and allocative efficiencies are among the core concepts in economics. i. Differentiate be...

A: Productive efficiency says that the economy can't produce more of one commodity without sacrificing ...

Q: List two (2) differences between the consumer price index and the GDP deflator?

A: Consumer price index (CPI) is the weighted average of the prices of the basket for goods and service...

Q: Should a firm shut down immediately if it is making losses?

A: A firm making losses means it's revenues generated are lesser than the total cost incurred by the fi...

Q: profit? MC Y00 ATC 300 D-MR 200 leo 20 30

A: here we calculate the firms profit by the following method as follow;

Q: Use the 3-equation model diagrams to show how the economy can fall into a deflation trap. Explain, w...

A: Deflation is a condition where price level of economy falls. Money supply and credit availability fa...

Q: Show that if a firm is a natural monopoly, a government policy that forces marginal cost pricing wil...

A: Answer: Natural Monopoly: When the cost of providing a good or service is so large (especially fixed...

Q: he policies of OPEC+ have nothing to do with the surge in crude prices, two sources in the group sai...

A: OPEC which is a oil exporting petroleum countries is a Big cartel which make decision about Producti...

Q: Table 5.1 1 year 2 years 2.25% З years 3.25% 1.50% Table 5.1 shows the interest rates for Treasury s...

A: Bonds refers to the type of instrument that represents debt of a borrower to a lender. It is usually...

Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...

A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...

Q: 4 a b c

A:

Q: Profit is maximum when

A: To find : When will be profit maximum. 

Q: Who pays the federal unemployment tax and the state unemployment tax

A: The State Unemployment Tax Act, or SUTA, refers to state-level taxes; however, the Federal Unemploym...

Q: - A market structure in which many firms sell products that are similar but not identical is known a...

A: To find : What is market structure in firm

Q: Collective rights is a concept that prioritizes the welfare of society over:     Group of answer cho...

A: Collective rights is held by a group of people rather than the individuals of the group. So it  prio...

Q: 9. Which of the following are stages of the business cycle? Select all that apply. A. trough B. peak...

A: Business cycle Business cycles are defined as coordinated cyclical upswings and downswings in broad ...

Q: There are only two (equally-likely) states of nature in this economy: boom and bust, which are drive...

A: Equity beta is a measure of a stock’s systematic risk. It is estimated by comparing the sensitivity ...

Q: Why is the aggregate supply curve completely vertical in the long run? A. Short-run business cycles ...

A: Aggregate supply curve shows different combinations of price and output supplied in the economy.

Q: The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is ...

A: The demand and supply of the labor determines the equilibrium wage rate and quantity of labor. The e...