How does trade and specialisation create winners and losers within countries?

Q: A monopolist restricts output and charges a higher price relative to what would occur if a market…

A: In monopolistic market, there is a single seller in the market and in perfectly competitive market,…

Q: Make the following calculations according to the table below. Good A Good B Good C Good D Quantitiy…

A: The GDP price deflator measures the changes in prices for all of the goods and services produced in…

Q: Use the table below listing Average Total Cost (ATC)d and Marginal Cost (MC) for a firm in perfect…

A: Perfect competition is the market structure where there are large no of buyers and sellers selling…

Q: Q.5 Given the demand functions, (i) Q = 150 − 0.5P,      (ii) P = 80 − 2Q,         (iii) P = 45…

A: We have  Q=150-0.5P       ... (1) “Since you have posted a question with multiple sub-parts, we will…

Q: REFERS TO ONE-TIME SALE OF OWNERSHIP RIGHTS OF A PHYSICAL PRODUCT. a. Usage fee b. Licensing c.…

A: a.incorrect- Usage fee doesn't include any physical product.  b. Incorrect -  Licensing is a right…

Q: Discuss the Material Balance Model of the Economy and environment. Explain it in your words (do not…

A: This concept is from the environmental economics.  This model is given by Ayres and Kneese and is…

Q: If you were managing a monopoly, and small entrant tried to enter your market, explain why it might…

A: We show that monopoly is a type of màrket characterized by a single seller selling different…

Q: [Consider the effects of an increase in the global price of oil. For a country such as Australia,…

A: The main difference between the GDP deflator and the consumer price index is that the GDP deflator…

Q: What is a difference between oligopoly and monopolistic competition? O Oligopolists consider the…

A: There are different market structures with different characteristics. These are perfect competition,…

Q: In the event of strong economic growth in China which relationship/s will be affected? Short Run…

A: A strong economic growth in China implies a rise in the total production capacity of a nation. This…

Q: Why is there a need for health care reform?

A: Health Economics is defined as that branch of economics which relates to the issue of efficiency and…

Q: Which of the following will occur if labour unions successfully negotiate wage increases for its…

A: Union labor acts as an intermediary between members and the business employing them.

Q: 4. Here is the expression for money market equilibrium that we discussed in class:

A: Since you have mentioned to only to answer parts C and D, we will answer these two questions for…

Q: Evaluate the different ways in which a government might be able to improve access to the housing…

A: The Housing Market is the supply and demand for dwellings in a certain nation or area. The average…

Q: Elon Musk's The Boring Company wants to invest in a subway to be constructed in Metro Manila to…

A: It is given that: MARR = 10%

Q: An investment earns 3% compounded monthly. Find the value of an initial investment of Php 5,000…

A: The capacity of an asset to create returns that are then reinvested or stay invested with the…

Q: The Chairman of the Federal Reserve has been given the title as “The 2nd most powerful person in the…

A: Yes, I am  totally agree with this statement às it is à vèry powerful position   The Federàl Reserve…

Q: To make policy choices that involve gainers and losers, we need to have a restricted principle for…

A: Real economic policy decisions, in reality, benefit some individuals while affecting others.…

Q: Mcdonald's, a big burger joint, is charging $5 for its very famous Big Mac hamburger and selling…

A: (a). P1=$5Q1=20million P2=$6 Q2=Q1=20million Total Revenue=P×Q  =6×20 million  =120 million Price…

Q: Suppose the market demand for ECO textbooks at the University is given by ?=1000−2?Q=1000−2P. The…

A: We have MC1=MC2=50 which means symmetry of cost.

Q: what specific educational reforms should be made to ensure that the poor and middle-income students…

A: As we all know that "Education is the only weapon for all types of problem of a nation". Still this…

Q: a) A cup of coffee costs $1.74. Inflation is expected to be 2.10% per year for the next 7 years.…

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

Q: According to World Bank (2012), in Ethiopia, the poorest 20 percent of population received 9.3…

A: Answer: Given, Data of Ethiopia: Share of poorest 20% in income = 9.3% Share of richest 20% in…

Q: 22 LS 20 18 Minimum wage 16 14 12 10 LD 100 200 300 400 500 600 700 Quantity (thousAnds of workers)…

A: The markets are the place where the buyers and the sellers of the economy meet and interact with…

Q: Suppose that changes in the bank regulations expand the availability of credit cards so that people…

A: The card that is being used for making purchases, and getting cash advances that in turn requires…

Q: * Mind Tap - Cengage Learning EIN EIN G Google Account…

A: The correct answer is given in the second step.

Q: Consider a monopolist that faces a demand curve P = 40 - Q and has a total cost function TC = 12 +…

A: TC = 12+ 50Q Fixed cost = 12 and varaiable cost = 50Q AVC = VC/Q = 50Q/Q = 50

Q: What theory would predict that competing for resources, instead of cooperating for them, can lead to…

A: Value differences:- Individuals could and need to do their finest in a workplace environment in…

Q: A factory producing ink discharges effluent into a nearby river. A trout fishery downstream find…

A: The change in the cost to parties other than the producer or customer of a good or service as a…

Q: Gross domestic product (GDP) measures environmental degradation.   true or false

A: GDP or gross domestic product is the total value of all the goods and services that are being…

Q: When a country's income is PHP20008 you spent PHPL750 When your income changed to PhP4,0008, you…

A: Marginal propensity to consume (MPC) measures the change in consumer spending due to change in…

Q: Given the selling price at P120 per unit; contribution margin at 25% and fixed cost at P250,000, the…

A: The contribution margin is the selling price minus variable cost.  Contribution margin ratio =…

Q: We observe that humans prefer to smooth consumption. If the real interest rate was 0% and you lived…

A:

Q: 27. Use 2-diagrams, one for unionized and the other for non-unionized sector where both markets are…

A: Dear learner you have posted multiple questions, as per our policy we have solved only first…

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: There are so many ratios in finance that we apply to analyse and interpret data. A…

A: A reward-to-volatility ratio is useful in calculation of how excess of return we will get if an…

Q: Under certain circumstances, it is possible for unions to better their interests by affecting or…

A: A Union is defined as an association of traders or workers who try to protect their rights and…

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 are the impacts of these changes (various economic, social, and political changes that occurred…

A: Jose Rizal was a physician and novelist, brought into the world in the Spanish state, Filipinas as a…

Q: If the social welfare function produces concave social welfare indifference curves, social welfare…

A: The social welfare function explains the overall impact of economic activities on the welfare of the…

Q: TRUE OR FALSE One implication of Walras’ Law for a two-commodity exchange economy is that if one…

A: Walras law says that if the demand and supply is satisfied for one good in any economy with two…

Q: Based on 1337 data points, the following equation was estimated using OLS.From this fragment of data…

A: Given  Estimated OLS equation: Ghat = 11.7+2.5W  For 445th data point, value of W is 32. We have to…

Q: The long run. A chair manufacturer hires its assembly-line labour for $18 an hour and calculates…

A: A chair can be produced using 4 hours of labor or machinery in any combination. This confirms that…

Q: Use a graph to demonstrate the circumstances that would prevail in a competitive market where firms…

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

Q: As a student of the subject “The Contemporary World”, explain the reason why it is necessary for…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: FW n the blanks When a country's income is PHP2000R you spent PhP1750 When your income changed to…

A: NOTE: AS PER THE BARTLEBY GUIDELINES HANDWRITTEN SOLUTIONS ARE NOT ALLOWED. PROVIDING HERE THE TYPED…

Q: In the Aggregate Demand and Aggregate Supply model, an increase in consumer confidence will: O…

A: Aggregate demand curve slopes downward, it shows an inverse relationship between price level and…

Q: Why do unions that have few or no minimum wage workers work to raise the minimum wage? O To drive as…

A: In the labor market, union refers to a group of some experienced worker who hold some power in the…

Q: Suppose market demand and supply are given by Qd=100-2P and Qs=5+3P. If a price ceiling of $15 is…

A: Introduction A market demand and supply function has given. Demand function : Qd = 100 - 2 P Supply…

Q: Suppose that flu shots create a positive externality equal to $10 per shot. Further suppose that the…

A: Externality refers to spill-over effect of a good on third party which is not involved in either…