Q: Desmond works as an accountant making $80,000 per year. He is considering leaving his job to open an…
A: After taking into account both explicit and implicit expenses, economic profit is the amount of…
Q: each week. Since he receives $3.00 From the previous graph, you can tell that Kevin is willing to…
A: The structure of a market where there are a large number of buyers and sellers in the market selling…
Q: A sewage pump equipment initially costs P95,000. Annual maintenance costs are P1850. The equipment’s…
A: Given First cost P = P95,000 Useful life n=20 years rate of interest = 8% Salvage value F = 10% 0f…
Q: Company Market Share Toshiba 10% Dell 10% HP 15% Sony 10% Refer to the table above, which details…
A: "The Herfindahl-Hirschman Index or HHI is used to measure the market concentration and to determine…
Q: while Region B (the grey shaded area) Region A (the purple shaded area) represents the total…
A: Answer: Producer surplus: producer surplus represents the area between the market price and the…
Q: Janelle has some money set aside for her retirement. She would like to buy a new car and is…
A: Here, it is given that Jenelle has some savings for her retirement, and at the same time, she wants…
Q: hand written plz Analyze the decision tree below to answer the following question: Don't Enter $1…
A: "Nash equilibrium is helpful in determining the overall optimal outcome of the game at which no…
Q: 4. A firm is operating in monopolistic competition with the following demand and cost functions. P=…
A: Equilibrium price is the price at which the demand and supply curve intersects each other and at…
Q: Small change in demand taking place in a longer duration is treated as an a. disturbance b. Major…
A: At the marketplace, demand refers to the desire and ability of the people to buy a product to…
Q: Answer the question on the basis of the following demand and cost data for a specific firm. Demand…
A: Profit maximizing level of output for a firm is at the point where marginal revenue (MR) equals…
Q: Problem Set 2. Measures of Location/Position Instruction: The following data set are grades of…
A: In order to calculate the 3rd Quartile, Percentile the researcher needs the number of items involved…
Q: Define the term structure of interest rates and the yield curve. Explain the importance of each for…
A: The Central Bank designs monetary policy, to fulfill the controller's objective of credit. Monetary…
Q: This is the answer.. plz write in hand written
A: As asked the hand written answer is provided below.
Q: Refer to the graph shown. If a natural monopolist were not regulated, the firm would charge: P3. O…
A: Natural monopoly occurs where the average cost of production declines over the wide range of the…
Q: Suppose that the stage game below is infinitely repeated and the players have a common discount…
A: The game we have is for player 1 and player 2. And both are choosing the same discount factor…
Q: Nike shoes and Wolverine Hiking Boots: % change in demand for Nike = 1% % change in price of…
A: Given; Percentage change in demand for Nike= 1% Percentage change in price of Wolverine Hiking…
Q: 1. Farmer Brown produces $100 worth of milk. He sells $40 worth of the milk in the market and uses…
A: The term "gross domestic product" (GDP) basically refers to a monetary metric that is used to…
Q: Match each of the four market structures covered in this course with the description of the market…
A: Market structure is the structure of a market, which consists of the number of firms, the size of…
Q: Subject: Manegerial economics & policy Q#1) Explain the distinction made in economic analysis…
A: Economic analysis aids charities and their funders in weighing the impact of a social intervention…
Q: Describe three means by which a current account deficit in a developing country is financed. (By…
A: An current account can be funded in more ways than one relying on who is supporting the shortfall.…
Q: Is the demand curve similar internationally and domestically?Will a change in price drastically…
A: Demand Curve Demand refers to the quantities of the commodities that the buyers are ready to buy at…
Q: 2. Consider a monopolist who has a cost function of c(Q) = 5Q. This monopolist faces two consumers,…
A: Answer: Given, Cost function:cQ=5QDemand function of first consumerq1P1=80-2P1Demand function of…
Q: what do you know about the current needs of the Indonesian people for cooperatives
A: Indonesia is one of the Southeast Asia's largest economy and the world's fourth most populous…
Q: What is Mercosur?
A: A trade bloc is a collection of countries that have agreed to a set of specific economic agreements…
Q: Question: What is the overall outcome for this game? Group of answer choices Don't Enter, Price War)
A: Decision tree represents varied outcomes and actions of two players.
Q: 3) What financial institutions are doing a good job at convincing younger generations to place their…
A: There are many risks in today's time that can be seen, and one of the most risks associated with the…
Q: IV. A small business determined that the price-demand and cost functions for producing and selling x…
A: Ans. IV The profit function is the difference between total revenue and total cost. To find the…
Q: 3. Two firms make bicycles and they are willing to supply bicycles each week as follows: Peddle A…
A: "Supply generally indicates a positive relationship between price and quantity supplied of a…
Q: United States U.S. DEPARTMENT OF COMMERCE Census 2000 BUREAU OF THE CENSUS WASHINGTON, DC 24213-2000…
A: A census is a method of gathering, collecting, and recording data on members of a population in a…
Q: Supply and Demand Graph $6.00 Price (per) $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 Supply 0 50 200…
A: At equilibrium price and quantity are determined through the interest of market forces . Demand =…
Q: Suppose this is the market of oil workers in Texas. Assume that coal is a substitute for oil. Draw a…
A: Substitute goods are that goods that can be used in place of one another. The demand of substitute…
Q: This question is based on the following definitions below. Pure Capitalism Government does not…
A: Economic systems in the world are grouped into traditional, command, market, and mixed systems.
Q: Suppose that the euro is trading at $1.15 per euro in the foreign exchange market. Next, suppose…
A: In the international market it is given that the current exchange rate is $1.15 per euro, and there…
Q: The population (age 16 and over) of Pageland is 150 million; 11 million are unemployed, and 89…
A: the amount of the jobless who will work and are effectively searching for a task and the jobless…
Q: 7. What price should you charge to maximize profit? How much profit would this product generate in a…
A: Profit maximization is essential for a company's existence and growth. Wealth Maximization, on the…
Q: 3. Suppose a firm has a well-behaved technology and it can produce 38 units of output using the…
A: When it comes to manufacturing decisions, the company is now constrained by technological limits. At…
Q: Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in…
A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same at all levels of…
Q: Kieron is currently working as an automobile detailer who earns $45,000/year. He currently has…
A: The cost of the next best alternative which is foregone is reffered to be as the opportunity cost…
Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability.
A: The policy that makes use of revenue that is collected and expenditures incurred by the government…
Q: Consider the following extensive-form game under perfect information: pl/1 R pl/2 pl/2 (4,2,2)…
A: We have sequential move game for 3 players. Where player 1 moves first, then player 2 moves and in…
Q: How any coffee shop could be CSR?
A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…
Q: 8. Refer to the T-account below for the following questions. Assets Liabilities Loans $32,000…
A: Here, the given T-account shows information about deposits, loans, required reserves and excess…
Q: Is coupon usage a widespread activity in the targeted international markets?What other forms of…
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: Selim has no income in period 1 (consumption now) and an income of 1800₺ in period 2 (consumption…
A: here we calculate the maximum amount the Salim can borrow in period 1 by the following method as…
Q: n the 3rd May the RBA increased the official cash rate by 0.25%. The current official cash rate as…
A: official cash rate (OCR) is the rate of interest charged by the central bank on overnight commercial…
Q: Glenn purchased a laptop through the credit cooperative of their company. The cooperative provides…
A: Here The "buy currently, pay later" transactions exchanges are ordinary instances of payment…
Q: Suppose that , the marginal product of efficiency units of labor, increases in the endogenous growth…
A: The endogenous growth model focuses on the growth and development of the economy on the basis of the…
Q: The PPF illustrates the principles of constrained choice, opportunity cost, and scarcity. Consider a…
A: The curve that depicts various combinations of goods that could be produced using the given…
Q: Given a four sector economy model, equilibrium income will be achieved when Select one: OA I+G+M =…
A: "A four sector economy includes the business sector, government sector, household sector, and the…
Q: 5. The demand equation for a good is given by the equation: Q₁ = 520-20P, +0.6Y +2.9P, a. Find the…
A: here the demand equation is:- Qx=520-20Px+0.6Y+2.9Py where,Px=10Y=700Py=21 So,…
Please answer fast please arjent help
Step by step
Solved in 2 steps
- What is a tie-in sale? How might it reduce competition and when might it be acceptable?Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one large firm—Tile King. Ajax produces a multiheaded tunnel wall scrubber that is similar to a model produced by Tile King. Ajax decides to charge the same price as Tile King to avoid the possibility of a price war. The pnce charged by Tile King is $20,000. Ajax has the following short-run cost curve: TC=800,0005,000Q+100Q2 Compute the marginal cost curve for Ajax. Given Ajaxs pricing strategy, what is the marginal venue function for Ajax? Compute the profit-maximizing level of output for Ajax. Compute Ajaxs total dollar profits.DuopolyMarket for mechanical pencils can be described by the following demand schedule:Price | Number of pencils demanded$6 | 80$5 | 200$4 | 320$3 | 440$2 | 560$1 | 680$0 | 800The fixed cost is $340, while the variable cost is $0.50.d) If there were two firms on the market and they agreed to cooperate, how much would eachfirm need to produce? Follow the procedure outlined in the lecture and show that the otherfirm would prefer to deviate from the agreement.e) When the firms deviate from the agreement, there is a new optimal level of output. Showwhether the firms have an incentive to deviate from that level?f) If there were two firms on the market, what would be the price and the quantity of pencilstraded if the firms couldn’t cooperate?
- If company A and B combine under single ownership of control, this would be a O a. horizontal O b. vertical O c. conglomerate Od. Herfindahl O e. There is not enough information to answer the question. merger.The table below shows the weekly marginal cost (MC) and average total cost (ATC) for Buddies, a purely competitive firm that produces novelty ear buds. Assume the market for novelty ear buds is a competitive market and that the price of ear buds is $6.00 per pair. Quantity of Ear Buds MC ($) ATC ($) 10 - 5.00 15 2.00 4.00 20 2.44 3.61 25 3.56 3.60 30 4.02 3.67 35 5.49 3.93 40 5.93 4.18 45 8.59 4.67 Instructions: In part a, enter your answer as the closest given whole number. In parts b–d, round your answers to two decimal places. a. If Buddies wants to maximize profits, how many pairs of ear buds should it produce each week? _ pairs b. At the profit-maximizing quantity, what is the total cost of producing ear buds? $ _ c. If the market price for ear buds is $6 per pair, and Buddies produces the profit-maximizing quantity of ear buds, what will Buddies profit or loss be per week? $ _ d. Now assume the market price is $5.50 per…Firms J and K produce compact-disc players and compete againstone another. Each firm can develop either an economy player (E)or a deluxe player (D). According to the best available marketresearch, the firms’ resulting profits are given by the accompanyingpayoff table.a. The firms make their decision independently, and each is seeking itsown maximum profit. Is it possible to make a confident predictionconcerning their actions and the outcome? Explain.Firm KE DE 30, 55 50, 60 Firm JD 40, 75 25, 50b. Suppose that firm J has a lead in development and so can move first.What action should J take, and what will be K’s response?c. What will be the outcome if firm K can move first?
- For each of the following pairs of firms, explainwhich firm would be more likely to engage inadvertising.a. a family-owned farm or a family-ownedrestaurantb. a manufacturer of forklifts or a manufacturer of carsc. a company that invented a very comfortable razoror a company that invented a less comfortable razorTwo firms dominate the market for surgical sutures and competeaggressively with respect to research and development. The followingpayoff table depicts the profit implications of their different R&Dstrategies.a. Suppose that no communication is possible between the firms; eachmust choose its R&D strategy independently of the other. Whatactions will the firms take, and what is the outcome?b. If the firms can communicate before setting their R&D strategies,what outcome will occur? Explain.Firm B’s R&D SpendingLow Medium HighLow 8, 11 6, 12 5, 14Firm A’s R&D Medium 12, 9 8, 10 6, 8 SpendingHigh 11, 6 10, 8 4, 6Suppose that a particular industry has a four firm concentration ratio of 45 and a herfindaji index of 1540 most likely this industry would achieve. Multiple choice. .Both productive efficiency and allocative efficiency .allocative efficiency but not productive efficiency .neither productive efficiency nor allocative efficiency .productive efficiency but not allocative efficiency
- onsider the table below and assume the market price is $35 per unit. Totalproduct Totalfixed cost TotalVariablecost 0 150 0 1 150 50 2 150 75 3 150 112.4 4 150 150 5 150 200 6 150 270 7 150 360 8 150 475 9 150 620 10 150 800 Now assume there are 600 identical firms in this industry, that is, there are 600 firms, each of which has the same cost data as the single firm discussed above. Suppose, too, that the demand curve for this industry is as follows: Price Quantitydemanded $20 6,800 30 5,975 45 5,500 60 5,125 75 4,500 95 4,200 120 3,600 150 2,400 In equilibrium each firm will realize: Multiple Choice an economic profit of $155. a loss of $45. an economic profit of $35. a loss of $135.AVAC is the only pharmaceutical firm producing a Vaccine. The Demand Curve for its product is Qd = 250 – 50 P where P is Price and Q are packs of vaccines in ‘000 Total Cost Function estimated by the firm is TC = 15 + 0.5Q where Q is monthly output. What is the market structure of AVAC? State its characteristics. Using available information, draw AVAC’s demand, marginal revenue and marginal cost curves in a graph and clearly label thefirm’s profit maximizing price, quantity and profit. Do you observe any welfare loss? If so, also indicate and label the area on the graph.Refer to the table below. How much profit would this firm make if it produces 2 units of goods? Q P TR MR TC MC 0 $30 0 - $15 - 1 $30 $30 $30 $25 $10 2 $30 $60 $30 $40 $15 3 $30 $90 $30 $60 $20 4 $30 $120 $30 $85 $25 5 $30 $150 $30 $115 $30 6 $30 $180 $30 $150 $35 Group of answer choices $20 $35 $30