Identify two products that have either (a) fallen sharply in price or (b) gotten significantly better without price increases. How did these changes come about? Describe how society benefits from this type of market competition.

Q: Suppose that the probability of breaking a collar bone is p = .05 and the cost of breaking a collar…

A: Given;-Probability of breaking collar bone=0.05Cost of breaking collar bone=$1000 To…

Q: 7. Use of discretionary policy to stabilize the economy Should the government use monetary and…

A: Discretionary policy is a macroeconomic policy that is chosen by policymakers' judgement in the…

Q: Suppose labor productivity is $100,000 per worker in 2015. Calculate the value of labor productivity…

A: Formula for future valueF = P(1+R)tF : future value P : present value R : per annum growth rate t :…

Q: Rafe is optimally choosing to consume 6 apples and 3 bananas. The prices of apples and bananas are…

A: As the first order condition for the utility maximization problem is :  MRS = Pa / Pb  As, Pa = 7…

Q: Consider the following information for the country of Nectar. Public Finances 2018 100 20 130 20 196…

A: Public finances refer to the financial operations and management of the government or public sector…

Q: Show illustration and explain the special cases of production functions "Inputs to…

A: In economics, the production function refers to the physical output of a production process to…

Q: If $1,134,000 of 11% bonds are issued at 102 1/2, the amount of cash received from the sale is…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: a) Chika has calculated the marginal utility that she derives from her paid employment and from…

A: Chika will assign each extra hour to the activity that provides a greater marginal utility. Marginal…

Q: (c) ALBUS MINERVA N SEVERUS 2,1,1 13,1 ALBUS MINERVA 10,4,4 S b 1,3,1 12,4,0 10,2,3 14,1,5

A: Albus plays at the two nodes which we will assume as first node and second node. He has two possible…

Q: Both types of insurance customers receive the same insurance policy. Choice 1 of 2:True Choice 2 of…

A: In a symmetric information equilibrium, both types of insurance customers do not receive the same…

Q: Suppose Edison runs a small business that manufactures frying pans. Assume that the market for…

A: Profit maximization refers to the process business firms go through to guarantee the best result and…

Q: This graph shows the cost curves and marginal revenue curves for a firm. Cost, $ MC 120 80 75 25 b.…

A: In the long run, firms aim to operate at a point where they can earn profits. This point is known as…

Q: The graph titled Soy Bean Market is a graph of the market for soy beans, a perfectly (purely)…

A: A Short-Run is defined as a concept which states that in a given period, at least one input or cost…

Q: Due to the high crime rate in the city center, the state council in partnership with the police has…

A: Installation cost=$1000000 Cost for 1st year=500000 Cost for 2nd year=700000 Cost for 3rd…

Q: How large would the money supply be if the banks fully utilized their lending capacity? The money…

A: Money supply implies the total amount of money circulating within an economy at a given time. It…

Q: [The soft drink industry is dominated by two cola firms- DEW and HEW.  The market is worth $8…

A: In the soft drink industry, two major players, DEW and HEW, compete for market dominance. This…

Q: Compare the alternatives shown on the basis of their capitalized costs using a MARR of 10% per year.…

A: A cost associated with the purchase of a building, piece of equipment, or other fixed asset is…

Q: The table below lists the marginal product per hour of workers in a lightbulb factory. Lightbulbs…

A: The value of the marginal product to labor is calculated by multiplying the price of goods by the…

Q: 2 W X y a 3,1 1,2 4,4 b 3,4 4,3 0,1 C 8,5 8,2 5,3 Is player 1's strategy x dominated? If yes,…

A: A course of action in a game that provides the best outcome for a player, regardless of the actions…

Q: In the base year CPI will always be equal to ______   Group of answer choices   100

A: The base year is used to compare economic activities or business indexes. The base year should be…

Q: GLOBALIZATION IN THE PHILIPPINE CONTEXT Instruction: Choose a pair from your class and answer the…

A: A multifaceted and complex phenomenon that refers to the increasing interconnectedness, integration,…

Q: 2. Monetarism Which of the following is a position held by monetarists? The short-run aggregate…

A: Monetarism emerged during the 1950s and 1960s through the contributions of economists like Milton…

Q: Consider a firm in a perfectly competitive market. The long run average total cost is described by…

A: In perfect competition,  There exists a large number of buyers and sellers.  The firm will produce…

Q: Consider the following table showing national income in billions of dollars. Assume that the…

A: The marginal propensity to import (MPI) is a measure of how much an additional unit of income is…

Q: 35. Consider a firm in a perfectly competitive market. The long run average total cost is described…

A: Perfectly competitive market is characterized by the presence of large number of buyers and sellers.…

Q: I can not get 7.2, 7.8 or 8.3 when I do the calculations. How did you get them?

A: In this case, we have to discuss the quantity demanded in the predicted changes. That means quantity…

Q: a small open economy is described by the following equations: C = 50 + .75(Y-T) I = 200 - 20r NX…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three questions for…

Q: A monopolist faces market demand of P = 100 - Q. Its MR = 100-2Q, MC = 2Q, and ATC=Q. Determine the…

A: In a monopoly market structure, There exists a single seller.  The monopolist will produce where the…

Q: Explain difference between Returns to Scale Returns to Factor.

A: The difference between returns to scale and returns to factors is as follows:-

Q: Price ($) 15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0 10 20 30 40 50 60 70 80 90 S D 100 Quantity Consider…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Pls answer very fast.I ll upvote. Thank You The figure below shows the market for water-skiing…

A: A negative externality refers to the unintended cost or impact imposed on third parties or society…

Q: The table below lists the marginal product per hour of workers in a lightbulb factory. Lightbulbs…

A: Marginal product is the change in total product due to an additional input hired.  Value of marginal…

Q: The labor force grows at 8% and capital stock grows at 4%. Suppose 0.11% of national income goes to…

A: Given:Labor force growth rate = 8%Capital stock growth rate = 4%Share of national income going to…

Q: Assuming real income is to be $350 million and the price index is 142 calculate nominal income.?

A: The real income of an person or a country is income adjusted for inflation. it is specific from…

Q: Thuy Anh runs a small flower shop in the town of Florabunda. She is debating whether she should…

A: Firms weigh the marginal revenue of the last hour's work against the marginal cost when determining…

Q: Rework on the HDI calculation. In 2019, the U.S!'s life expectancy at birth was 78.9, Mean years of…

A: The mean achievement in all fronts of human development is known as Human Development Index. The…

Q: Gains and Losses from Trade in the Specific-Factors Model Use the information given here to answer…

A: In the specific-factors model, the impact of changes in prices on factor payments can be determined…

Q: llustrate diagrammatically and explain fiscal expansion under fixed exchange rates and perfect…

A: A Fixed Exchange rate regime is defined as an exchange rate that is applied by the government or a…

Q: If you are converting buying power, the buying power in a high index city will be less than the…

A: To calculate the equivalent amount of goods and services in Dallas compared to Boston, we can use…

Q: Based on 'willingness to sell, plot is supply curve as a step function on the following graph using…

A: Using the given information’s, we can construct the table for supply schedule as follows. Price…

Q: SUBSTITUTION AND INCOME EFFECTS OF A WAGE INCREASE When the wage rate increases from $10 to $30 per…

A: The backward-bending labor supply curve is an economic concept that describes a situation where…

Q: Which car has a lower EUAC if the owner can earn 5% in his best investment. Contributed by Paul R.…

A: Companies can utilise Equivalent annual Cost (EAC), a useful capital planning technique, to…

Q: 7. Use of discretionary policy to stabilize the economy Should the government use monetary and…

A: Aggregate demand refers to the total demand for commodities and services made by all the economic…

Q: Thuy Anh runs a small flower shop in the town of Florabunda. She is debating whether she should…

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

Q: Suppose the stock of government debt in Canada at the end of one fiscal year is $482 billion. If the…

A: Budget deficit means that government expenditure is higher than the Government Revenues in this case…

Q: Please no written by hand Let’s suppose you (USA dealer) imported one Lamborghini SVJ-Verde Scandal…

A: Purchase on March 1, 2019: Lamborghini SVJ-Verde Scandal price: €400,000 Exchange rate on March 1,…

Q: Skiers per day The diagram above shows the daily market for water skiing permits on El Dorado Lake.…

A: The social cost  would shift the supply curve up by $2 as the cost of producing the good would…

Q: Due to the high crime rate in the city center, the state council in partnership with the police has…

A: Installation cost=$1000000 Cost for 1st year=500000 Cost for 2nd year=700000 Cost for 3rd…

Q: Calculate the slope of the total cost curve at point A and at point B in the place.) on the both…

A: It describes the relationship between the vertical change (rise) and the horizontal change (run)…

Q: Problem statement: → The line labeled D, in the graph to the right shows the number of cups of…

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…