If TC = 288 - 11Q + 2Q² in perfect competition how much will each individual firm produce in the long-run? Enter as a value.

Q: Which of the reasons given is often cited as a benefit of running a budget deficit? operating with a…

A: The difference between the total income and total expenditure of the government is known as a budget…

Q: The Inflation Reduction Act allowed Medicare to negotiate the price of all drugs in its formulary…

A: Medicare is the health insurance plan that gives medical insurance to the people of United States.

Q: A firm's production function is Q = 6L² - 0.2L³ Where L denotes the size of the workforce. Find the…

A: The marginal product of labor is the increase in output caused by the addition of a new unit of…

Q: Sabrina has $657 in 2022 and pays an annual interest rate of 22%. How much money will she have at…

A:

Q: Given the utility function U=0.4∗X1,0.25∗X2,0.35∗X3U=0.4∗X1,0.25∗X2,0.35∗X3 and income M=300M=300,…

A: In economics, the utility function means the fulfillment of a consumer as a function of the…

Q: why is BOP important for MNE

A: The balance of payments (BoP) is a statement of all transactions in trade, and investment between…

Q: A risk-averse manager is considering a project that will cost £100. There is a 10 percent chance the…

A: Introduction: The expected value is described as the difference between expected profits and…

Q: You are the manager of a firm that sells a commodity in a market that resembles perfect competition,…

A: Producers in the actual world can only speculate on the level of demand.Producers only have…

Q: Suppose that the production function for an economy is given by Y = K1/4L3/4.  The depreciation rate…

A: Solow growth model is used to analyze the changes in the output level over time as a result of…

Q: Suppose that a firm has the following production function. Also suppose that the only costs the firm…

A: Producer earns maximum profit in the situation of economies of scale. The wage rate of labor…

Q: Which of the following statement about insurable interest for life insurance is correct? O…

A: In essence, proving that a person or entity will suffer financial or other troubles as a result of…

Q: Cheapskates is a very minor-league professional hockey team. Its facilities are large enough to…

A: Total Number of fans  = 1000  Proportion of blue collar fans = 60% Number of blue collar fans = 600…

Q: Find the amount needed to be invested now to accumulate the following amount if the money is…

A:

Q: Question 6 What is a common discouragement to international business? O The reason is that in the…

A: International business refers to the transactions or buying and selling of goods and services…

Q: Suppose the Fed buys $2000000 in government securities from someone who is a depositor at the First…

A: Banking is all about safeguarding other people's money. Banks lend this money and earn interest,…

Q: Your rich aunt is going to give you an end-of-year gift of $1,000 for each of the next 10 years. The…

A: Present worth refers to the discounted values of the future cash flows . Equivalent values of future…

Q: Suppose the Federal Government issues $100 worth of food stamps to everyone in your city. These…

A: The line that shows the different combinations of goods that consumers can afford is called the…

Q: Suppose that the tempeh industry is initially operating in long-run equilibrium at a price level of…

A: A perfectly competitive market operates at the intersection point of market demand and market supply…

Q: Suppose that You Yeet is one of over a dozen competitive firms in the Bloomington area that offers…

A: A perfectly competitive firm is a price taker, which means price is determined by the market forces…

Q: This problem gets at the question of whether a government can run a budget deficit forever. For a…

A: When the economy arrives at a situation where the spending is more than income then it is known as…

Q: A monopolist sells 100 units at a price of $10 per unit.  The average total cost per unit is $6 per…

A: Types of Competition: In the parlance of economics, various types of competition may exist in a…

Q: A B с D E Quantity Supply Price 48 280 + тр Quantity Supply 14 84 112 133

A:

Q: Assume that a noncompetitive firm's short run production function relates the level of output to…

A: Part a   Calculating the firm’s profit maximizing price and output as well as employment:…

Q: 13. Suppose that the money demand function is: (1) K = Use the money demand equation along with the…

A: According to the quantity theory of money: MV = PY Where M is the quantity of money V is the…

Q: A risk-averse manager is considering a project that will cost £100. There is a 10 percent chance the…

A: The expected value is described as the difference between expected profits and expected costs.…

Q: Price 20 15 10 5 0 Qd 0 4 8 12 16 Qs The producer surplus with a $18 price floor is places). The tax…

A: From the given demand and supply schedule, we will calculate the equation of the demand curve and…

Q: An asset for drilling was purchased and placed in service by a petroleum production company. Its…

A: Given cost of drilling machine = 60000 $ Salvage value = 12000 $ Useful life = 14 years Depreciation…

Q: A natural monopoly exists when    Question 3 options:   a)  the product is sold in its natural…

A: Natural Monopoly: A natural monopoly exists when it is most efficient to have single firm operating…

Q: 13. A monopolist faces a constant marginal cost of $1 per unit and has no fixed costs. If the price…

A: A monopolist means an individual, or organization that overwhelms and controls the market for…

Q: A new equipment is purchased for $550,000. Annual savings generated are shown below. End of Year 3 5…

A: Payback period shows the no. of years taken to cover the initial investment.  Present value is the…

Q: In a perfectly competitive labor market, the worker will be paid: Less than the value of his/her…

A: In perfect competition ,  There are various no. of seller and buyers.  There is free entry and exit…

Q: The Phillips curve in Lowland takes the form of π = 0.04 – 0.5 (u – 0.05), where π is the actual…

A: The Phillips curve shows that unemployment and inflation have a consistent negative relationship.…

Q: Assume a firm is producing at a quantity where marginal cost is higher than marginal revenue. Which…

A: A firm maximizes profit by producing output at a level where Marginal Revenue is equal to Marginal…

Q: A firm's cost function is  C(x) = 300lnx, determine and interpret the marginal cost of the firm when…

A: Given information: C(x) = 300 ln(x)  ----------> Cost function.  Where 'x' is the output…

Q: According to "Freightened: The Real Price of Shipping," a solution to the problems with the shipping…

A: Frightened: The Real Price of Shipping is the hidden cost of the shipping industry.

Q: Consider a consumer with the utility function U(F,C) = min(F,2C); that is, the two goods are perfect…

A: When two goods are perfect complements then these goods are consumed in a fixed proportion and the…

Q: 7. Classify each of the following as either a policy instrument or an intermediate target, and…

A: Policy: The actions taken by the government with the intention of influencing the economy of a city,…

Q: Using the information below, what is the Gross Value Added at Market Price? Output Sold Price per…

A: Gross value added at market price is calculated by subtracting the Intermediate cost from the value…

Q: What makes applied economic as an instrument and decision-making of an individual and government

A: Economics is a discipline that incorporates the major analysis on the micro and macro aspects of the…

Q: Which of the following statements captures the meaning of transitivity of preferences? a. If A is…

A: Transitivity of preferences implies that the consumer is able to rank all available bundles of goods…

Q: T or F Monopolies decrease consumer surpluses in the market.  Why?

A: In case of monopoly ,  The monopolist will produce where MR = MC.  MR is the marginal revenue  MC is…

Q: Caspian Bank has negotiated a plain vanilla swap in which it will exchange fixed payments of 8% for…

A: London Interbank Offered Rate is referred to as LIBOR. It's an interest rate that's applied in the…

Q: Suppose that the equilibrium real federal funds rate is 2.5% and the target inflation rate is 2.5%.…

A: Taylor rule: R = r* + π + 0.5*(π - π*) + 0.5* (Output gap) where R = nominal federal funds rate  r*…

Q: A monopolist who is able to practice perfect price discrimination    Question 10 options:   a)…

A: In case of monopolist ,  Under perfect price discrimination  The firm will charge the consumer's…

Q: 3. Redistributive philosophies Complete the following table by selecting the redistributive…

A: Utilitarianism accentuated the greatest good for the greatest number of residents. An expansive…

Q: In the era of the Covid 19 pandemic, we are required to consume lots of fresh fruits. The…

A: 2 fruits: Apples (X) and Oranges (Y)Utility function:U = X3 Y2Budget constraint:M = PX X + PY YM =…

Q: What is fiat money and how do you feel about it? What sets the value of fiat money? How is…

A: Any item that is widely accepted as the usual payment for goods and services as well as the…

Q: Suppose that the production function for an economy is given by Y = K1/4L3/4. The depreciation rate…

A: The link between physical output and input is described by the economics concept known as the…

Q: 2. You have been asked to perform a sensitivity analysis on a plant modernization plan. The initial…

A: Initial Investment = 30000 Annual Savings = 13000 Useful life = 7 Salvage Value = 7000 MARR = 12%…

Q: B. Why is the price elasticity of supply different for low mobility workers and high mobility…

A: Price elasticity of supply is estimated to measure the changes in the quantity supplied resulting…