How do  patents and economies of scale can cause monopolies to form? Give a third possible reason for monopoly

Q: Consider the market for apples. Assume the price of oranges has increased. At the same time,…

A: The number of goods and services supplied by the sellers in an economy is termed supply. There…

Q: Inputs of labor Total Product Average Product Marginal Product 1 15 34 51 4 65 74 6 80 7 83 8. 82…

A: Total Product refers to the sum total of all the goods that are produced by a firm using the…

Q: What is the price of funds in the loanable funds market? a. the Consumer Price Index b. the real…

A: Loanable funds market shows supply and demand for loanable funds. It shows how much funds are…

Q: The substitution effect can be measured holding constant. O the price of all goods O income the…

A: The substitution effect is the change in consumption when the price of the good changes keeping…

Q: Consider an one person, two good, one input economy. This is "Lea's Economy". Lea's utility function…

A: Opportunity Cost refers to the value of the payoff of the economic activity that an individual agent…

Q: 4. Suppose that the depreciation rate increases. In the Solow growth model, determine the effects of…

A: The depreciation rate affects the quantity of capital and output per worker in the steady-state in…

Q: For most products, higher prices result in a decreased demand, whereas lower prices result in an…

A: Given, d = annual demand for a product in units       p = price per unit Price demand relationship:…

Q: Andria Mullins, financial manager of Webster Electronics, has been asked by the firm's CEO, Fred…

A: Carrying cost of inventory alludes to the complete cost of holding inventory.

Q: Consider the CEO of a company that sells coffee at small free standing shops around the country. The…

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Q: termining Gross Profit uring the current year, merchandise is sold for $8,100,000. The cost of the…

A: For households and individuals, gross income is the sum of all wages, salaries, profits, interest…

Q: Discuss the first and second fundamental theory of Welfare Economics.

A: Welfare economics is  basically a branch of economics that use micro-economic approaches to assess…

Q: Aluminum can be used to produce cable (buyers have elastic demand) or to make aircraft (inelastic…

A: In order to prevent re-sales, the firm should integrate with vertical industries which have higher…

Q: PART A - Questions 1-9 Consider a market where demand is D: P = 60 – 3Q and supply is S: P = 4 + 4Q.…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: What is an analytical device used to model welfare economic theory.

A: The study of how the distribution of resources and products impacts societal well-being is known as…

Q: Alter the Solow growth model so that the pro- duction technology is given by Y = zK, where Y is…

A: Given, Y=zK Where, Y=OutputK=CapitalZ=Factor productivityS=Saving rate

Q: Why does the country’s population continue to increase (in number) despite government’s efforts to…

A: Population basically refers to the total number of people living in a nation, city, or territory.A…

Q: ientrate, and the labor force participation rate. Enter your answers in the table below. (Give all…

A: The labor force participation rate is an estimate of an economy's active workforce. The formula is…

Q: How does Rousseau view property? According to Rousseau, what is the origin of inequality?

A: There are various factors of production in economics which are group together to produce the goods…

Q: Calculate the quantity of bushels Liechtenstein imports when the three nations engage in free trade.…

A: The link between the amount of a commodity that producers want to sell at various prices and…

Q: If the LM curve is vertical and government spending rises by G, in the IS-LM analysis, then…

A: LM curve is used to represent the liquidity of money.

Q: (16] Operating in the short run with one fixed input and one variable input, the marginal product of…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: At a recent boat show, Nautica Bank was offering add-on interest installment boat loans for up to 5…

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Q: Three firms share a market. The demand function is P(q1, 42, 93) = 10 – q1 - 2 – 3, where q; is the…

A: Profit function of each firm will be Profiti = TRi - TCi where TRi =(10-q1-q2-q3)qi

Q: O Question 12 The equation for the 1.5 mile run/jog test is: VO,max (mi/kg/min) = 3.5 + [483 + (time…

A:

Q: The cost of an input used to produce a good (X) increased. Also, the price of another good consumers…

A: The cost of an input used to produce a good (X) increased. Also, the price of another good consumers…

Q: business takes out a simple interest loan of Php 100,000 at a rate of 7.5%. What is the total amount…

A: SI(simple interest) is calculated as (P×r×t)/100. Amount is the sum of P and SI Where P is the…

Q: Suppose that a lottery winner deposits $5 million in cash into her transactions account at the Bank…

A: Deposit done = $5 million Reserve requirement = 20% Initial deposit = $5 million

Q: According to Modern Phillips Curve Theory, an increase in the sensitivity of inflation to changes in…

A: An explosion in AD is addressed by a shift from factor A to factor B. When AD grows, so does the…

Q: David is willing to pay $8.68 for his third cappuccino (market price is $5.83) and the lowest price…

A: The answer is as follows:-

Q: d you have left over to buy an apple. Or something healthy. ost the right answers on the discussions…

A: Total utility is the general fulfillment that a buyer gets from the utilization of specific labor…

Q: Two mutually exclusive projects are under consideration: Year Project A Project B -$5,200 -$7,500 1…

A: Given: Initial Cost Project A: $-5200 Project B: $-7500

Q: Why should there be a standard work- week rather than a situation in which individual workers are…

A: There are many reasons for a standard workweek instead of free will:- - If there is no standard…

Q: If the expected future exchange rate falls, the supply of U.S. dollars and the exchange rate O A.…

A: The measure that depicts the value of one currency being measured in terms of another currency to…

Q: 7. Total surplus TS' with the price ceiling is a. $96 b. $98 c. $100 d. $104 8. Based on your…

A: We have given  Demand equation P=60-3Q     .... (1) Supply equation P=4+4Q         .... (2)…

Q: 3. In the Solow growth model, suppose that the marginal product of capital increases for each…

A: PLEASE FIND THE ANSWER BELOW.

Q: What is the unique Nash equilibirum in mixed strategies for the above question?

A: Unique Nash equilibirum in mixed strategies is provided in the original solution.

Q: Explain why child labour could actually be pareto-optimal.

A: Pareto optimality describes a situation in which no individual or preference criterion may be better…

Q: If society values a more equal distribution of goods which is embodied in Social Indifference…

A: When talking about social indifference curve, it is the curve that represents the combination of…

Q: In the market for cable TV, the height of the consumer surplus triangle equals Select an answer and…

A: When talking about the consumer surplus, it is the amount of money that an individual is able to…

Q: What are the overall benefits from trade and specialisation?

A: The transfer or movement of goods and services from one country or entity to another in exchange for…

Q: TE 1. Federalists believed in a smal federa government

A: When talking about federalists, they are the people in the United States who beleives in the…

Q: he United States currently is ... A. a net borrower and has been since the end of World War II in…

A: The answer is - D. a net borrower and has been since the 1980s.

Q: 2

A: The monopoly market refers to the market in which the firm charges a higher price above the marginal…

Q: Explain the effect of Changes in domestic and foreign Interest Rates on the equilibrium exchange…

A: The economies around the globe are involved in international trade with each other. The nations…

Q: Economics The demand curve and supply curve for a two-year discount bond with a face value of $2,420…

A: The term "equilibrium" refers to a scenario in which market supply and demand are equal, resulting…

Q: If Susan Kalanti deposits 400,000 USD into a saving account at CITIBANK, and you know that CITIBANK,…

A: Given: The amount deposited (monetary base)=$400000 Maximum loan =84% of the amount deposited

Q: Refer to the information provided in Figure2 below to answer the questions that follow, Price level.…

A: Aggregate demand is the all-out amount of the multitude of items and administrations wanted by the…

Q: he demand curve and supply curve for a No-year discount bond with a face value f $2,420 are…

A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…

Q: An economy experiences an adverse supply shock. a) Draw an AD-AS diagram to illustrate the effect…

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Q: The equation for the 1.5 mile run/jog test is: VO,max (mi/kg/min) = 3.5 + (483 + (time in min.)]…

A: