If the production possibilities frontier is a straight line, then which of the following could represent the number of coats produced when 12 blankets are produced?   a. 200     b. 500     c. 300     d. 400

Q: Use the following figure to answer the question: If the monopolist charges the same price to all…

A: Monopolist market is the one where there is single seller attaining highest profit where marginal…

Q: If, in a monopoly market, the demand for a product is p = 195 − 0.10x and the revenue function is R…

A: Monopoly refers to a type of market scenario in which there is only one single seller. The product…

Q: question in fewer than 500 words: Please name 3 things about our current economic system you would…

A: The current economic scenario is ridden with a lot of defeciencies such as rising Unemployment,…

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A: An indirect cost or benefit that is experienced by a third party as a result of the acts of another…

Q: Three players bargain over the division of 1 dollar. There are at most three rounds of bargain- ing.…

A: Backward induction is the process of figuring out the best course of action by thinking backwards in…

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A: A lump sum tax, which has a definite amount, is imposed on an economy. Income levels of individuals…

Q: Define the term scarcity in context of economics.   Pls explain in detail.

A: A basic economics paradox—the contradiction between limited resources and presumably boundless…

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A: Benefit-cost ratio method: The B-C ratio method is used to analysis for public sector projects. In…

Q: The graph below shows the labour market for Lumberland Wage rate (hourly) 16 14 12 10 8 6 9.75 10.00…

A: Labour market : labour market is a market where the firms and households interacts. The firms…

Q: Assuming the Fed is following the Taylor Rule, if inflation is 3 percent, target inflation is 2…

A: Federal fund rate is the rate at which banks borrow and lend their excess reserve to each other…

Q: 2. Consider a monopoly with the following demand and cost structure. Demand: P = 80 – 3Q. TC = 10…

A: The monopoly firm maximizes its profit when the marginal revenue is equal to the marginal cost.…

Q: ind the  expected value assuming  the risk factor is 30 %  and the interest rate is   15%, if you…

A: Introduction ;   The expected values is an expected average values for an investments sooner or…

Q: Which of the following would cause movement along the supply curve for oranges?     A severe and…

A: Supply curve represents the various quantities of the good being supplied at different prices during…

Q: What economic concept determines when you should stop eating wings?

A: Introduction Utility as a concept is widely used to theorize many of the popular economic concepts.…

Q: When the price of pizza increases by 4% the quantity demanded for hamburgers increases by 2%. what…

A: Own price elasticity measures the change in quantity due to change in price of its own good.  The…

Q: Suppose some imaginary economy is currently experiencing deficient aggregate demand of $64 billion.…

A: A fiscal policy is one in which the government uses taxation, government spending, and government…

Q: Given the data table below: Year 2015 2016 2017 2018 2019 2020 GDP Deflator, Real GDP, 2015-100…

A: The nominal GDP refers to the GDP at the current market prices. The nominal GDP could be measured…

Q: Seatwork on Trade Policy Given: 1. Y=C+I+G+X-M 2. C=b+cYd (Consumption function) 3. Ts+tY (tax…

A: Equilibrium level of income is the point of level which expresses the situation where aggregate…

Q: When price competition occurs: Group of answer choices O. price is pushed down, reducing profits.…

A: Firms in competitive market with differentiated products compete through various non-price measures…

Q: A recent study demonstrated that when states pass laws mandating that health insurance cover…

A: In economics, a scenario where one party can take risks because they are aware that the terms of the…

Q: The following graph shows the loanable funds market in the United States. It plots both the demand…

A: A budget surplus happens when income more than expenditures. The term often refers to a government's…

Q: 15. Show that the sequence {a} is a solution of the recur- rence relation a,,=an-1 + 2an-2 +2n- 9 if…

A: an = 7.2n - n + 2

Q: Explain what will happen in each of the following scenarios in a long run constant cost competitive…

A: In perfect competition,  The firm can earn positive profit in short run.  In long run ,  A perfectly…

Q: If planned aggregate expenditure is greater than total production actual inventories will equal…

A: Planned aggregate expenditure is the sum of consumption expenditure, planned investment spending,…

Q: People frequently consume more than they realize in the commons issue because Group of answer…

A: People frequently consume more than they realize in the commons issue because in the common dilemma,…

Q: What is the solution to question 6? I really need help with that one.

A: The amount of gas the buyers would be willing to purchase would drop if it turned out that 50% of…

Q: Using the information in the table shown, what can be said about the rate of inflation? If 2006 is…

A:

Q: Company ABC is considering investing in a project whose initial cost is $188000. It saves $47000 in…

A: Particular Amount Initial Cost 188000 saving 1st year 47000 increase by 5400 Salvage Value…

Q: An investor gathers the following information about a company: $5.00 Current earnings per share…

A: Return is a profit on an investment. It contains any adjustment of the worth of the investment, as…

Q: 1. Let's go back to the game played between Charlotte (automobile driver) and Erica (bicyclist).…

A: The amount of damages to be born by the injured and the injured are decided by using various rules…

Q: Refer to Table 12-4. Given the data in the table above, the marginal propensity to save is A) 0.3. B…

A: Marginal propensity to consume is the term used to describe the rise in consumption that results…

Q: The Crude Version of the Quantity Theory of Money assumes:     A. Flexible Prices   B. Flexible…

A: As per quantity theory of money, M*V = P*Q where M is the money supply' V is the velocity of money…

Q: Problem 4: Consider an infinitely repeated game, where the base game is the following 2-person 2x2…

A: Given: Base game 2*2 games with 2 people. Game is infinitely repeated. Both the players discount…

Q: Show all the necessary steps and/or reasoning that lead to your answers. No credits will be given to…

A: Total Cost is the sum total of both fixed and variable cost. Fixed Cost remains fixed at all units…

Q: A monopolistic producer of two goods, G1 and G2, has a total cost function TC = 5 Q₁ + 10Q2 where Q1…

A: A monopolist is an individual, group, or business that dominates and controls the market for a…

Q: Suppose that the short-run aggregate supply curve is: π= 2 + 1.5 (Y-10), where it is inflation and Y…

A: Equilibrium is where the demand curve intersects the supply curve.  So,  At equilibrium aggregate…

Q: The federal funds rate is the interest rate the Fed charges commercial banks. the interest rate a…

A: The term federal funds rate alludes to the objective loan fee put by the Federal Open Market…

Q: 3. How much must be invested today at 7% compounded monthly to have $3,000,000 in 20 years?

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

Q: Discuss whether economies of scale have any relevance to such companies as Wal-Mart

A: Economies of scale: When long-term average costs and output levels are inversely correlated, an…

Q: Which of the following is true for this profit-maximizing firm at price P in the graph below?…

A: Profit maximisation is a process that businesses go through to make sure the best levels of output…

Q: Two prospecting partners, Curtin and Dobbs, find an area containing 40 ounces of gold. For each day…

A: Nash equilibrium is the condition when the players get the maximum payoffs and will not get…

Q: An environmental testing company needs to purchase equipment 2 years from now and expects to pay…

A: The present value of a sum of money is its current value. The present value is the amount you must…

Q: What is the profit maximizing quantity of output?  What price should the firm  charge for its…

A: Profit maximization is a process that businesses go through to make sure the best levels of output…

Q: Three players bargain over the division of 1 dollar. There are at most three rounds of bargain- ing.…

A: In this type of ultimatum game, we have to start from the last stage. In this case, how player 3…

Q: 3. One of four ovens at the bakery is being considered for replacement. Its salvage value and…

A: Salvage value is the book value of an asset after all depreciation has been completely expensed. The…

Q: Assume a closed economy in 1980. Suppose that the investment-output ratio () is lepreciation rate is…

A: The Solow growth model is an alternative to the Harrod-Domar (H-D) growth model. The Solow growth…

Q: In constructing an empirical demand function which of the following is correct? O It's important to…

A: The empirical demand function is a demand function that is derived from the actual data of the…

Q: Two prospecting partners, Curtin and Dobbs, find an area containing 40 ounces of gold. For each day…

A: Curtin and Dobbs are two prospecting partners. Both alternatively serve as watchmen at night. Curtin…

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly…

A: A monopoly refers to a type of market condition in which there is only one single seller that sells…