in both cities; and (11) third-degree price discrimination. difference in profits between these two scenarios?

Q: Consider the following IS-LM model set up C = 300 + 0.8(Y − 2500) I = 3500 − 400(r) G = 3000 T = 250...

A: IS LM model shows the shows the both goods and money market in equilibrium simultaneously. Each and ...

Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...

A: The above inputs like labor, capital, and land are the factors of production without which productio...

Q: Consider the following closed economy: C = 30 + 0.87 x YD. 1= 2400 G = 2000 TR = 30 T = 0,40 x Y If ...

A: An economy is closed when there are no trading activities with the outside economies. The formula fo...

Q: The tables below show a nation's labor demand and labor supply schedules and its production function...

A: Equilibrium is a stable situation in an economy where the forces of demand and supply interact. The ...

Q: Answer the folowing questions in relation rade a. Determine the opportunity costs for cach nation b....

A: Given  The production possibility curve of both nations is a straight line which means that the oppo...

Q: Let $P1 be the price you were supposed to find in the previous question, and assume that you observe...

A: Answer -

Q: 1. Suppose two nations, Beta and Gamma, each make aircraft and corn. The main resource in each natio...

A: Answer: Note: there are no questions asked. So I am re-checking the answer that has been provided. T...

Q: Explain the reason why Albert Einstein said, "The hardest thing to understand in the world is the in...

A: During a deener, Albert Einstein said, "The hardest thing to understand in the world is the income t...

Q: If the price elasticity for bananas at the farmers' market is 1.5, is demand elastic, inelastic, or ...

A: Let's first understand what's actually the concept of elasticity of demand.  The elasticity of deman...

Q: On a [0.1] linear segment, two firms A and B selling the same good are located symmetrically at loca...

A: Consumer Utility = 10 - 4d - p  Firm A is (L) = 0.2   (Given ) Firm B is at  (1-L)    = 0.8  Let us ...

Q: The demand for bicycles is given by the equation: Q = 1000 – 5P - There are currently 100 identical ...

A: Given information Market Demand function Q=1000-5P Firms Cost functionC=252q2+20q+50 There are 100 f...

Q: ng country service sector workers who would be glad to come to vely higher wages. This effectively m...

A: A intermediate good is an item used to deliver a ginal goods or completed item additionally alluded ...

Q: Using a standard normal distribution (mean=0, sd=1), calculate the following. (Answers in percentage...

A: A normal distribution with mean =0, and standard deviation =1 is called a standard normal distributi...

Q: QUESTION 26 Which of the following has the highest level of integration? OA Aneconomic union B. Afre...

A: An arrangement being made among nations that involve the elimination or reduction of trade barriers ...

Q: If a good that generates negative externalities is priced to internalize the externality, then its p...

A: Money has been critically evaluated and has been evolved since the ages and currently money is used ...

Q: Question 31 This person earns $1000 of income today and $2000 income next year. Point C represents h...

A: Answer: Given, Income in period oneY1=$1000Income in period twoY2=$2,000Interest rater=10%=0.1 Point...

Q: QUESTION 31 Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is ...

A: All answers for 31 32, 33 given below,  

Q: R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P, ...

A: Given information: Annuity = A Years = 6 Interest rate = %

Q: Consider a two-good exchange economy withr identical consumers. The consumption set is R, the indivi...

A:

Q: 3. Suppose the total cost of q units produced by an increasing-cost industry is given by C(q) =g + 8...

A: Total cost function: C(q) = q2 + 8q The function of aggregate willingness to pay: WTP(q) = 100q - 2q...

Q: Suppose a consumer lives in two periods, with his income in period 1 as $100 and his income in perio...

A: In two period consumption optimal consumption at that point where Slope of Indifference curve and sl...

Q: 5. In a Cournot duopoly model where both firms have the same marginal cost and produce identical pro...

A: Answer -

Q: Ronald makes year-end deposit of 500, the first year increasing the year's deposits by 10% until the...

A: For Ronald, Initial Balance =0 Interest Rate = 12% comparted annually =0. 12 = i Number of years = 1...

Q: A competitive industry consists of 100 identical firms. The short run cost function of each firm is ...

A: Competitive industry A competitive industry refers to a type of industry in which there is a large n...

Q: Many economists believe that some wages and prices are "sticky downward" , meaning that these wages ...

A: Answer -

Q: 11. Describe what happens to quantity of labor supplied when wages are at the equilibrium level, abo...

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a...

Q: Total product refers to 1. the change in output produced for a given level of variable input (such a...

A: Total Product refers to the total volume of output produced by a firm, for a given quantity of input...

Q: Why socio-economic factors have a high impact on businesses, whether big or small

A: A business organization is affected by a number of factors in its internal and external environment.

Q: The below graph shows the demand and cost curves for ABC Electric Co, a natural monopoly in a small ...

A: Answer: Note: we are not allowed to provide the handwritten solution. An unregulated monopoly firm m...

Q: With the following information complete the table and answer: Calculate the Sales, Fixed and Variab...

A: A breakeven analysis looks at your fixed expenses, variable costs, and selling price to figure out h...

Q: To combat corruption, among Transparency International's key recommendations are: -Make greater use...

A: Answer -

Q: QUESTION 33 Ricardo's theory of trade is based on (A: productivity of labor; B: doportunity cost; C:...

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

Q: Consider the firm whose MC, AC, AVC, AFC functions are shown in the following graph. (The following ...

A: The expenses that are being incurred for conducting operations of the business are known as costs. T...

Q: QUESTION 42 For participating countries, a drawback of a single currency in Europe is that A. costs ...

A: In the European union, approx 19 members have euro as the official currency, which implies that they...

Q: 6. When as a result of decrease in price of good, the total expenditure made on it decreases we say ...

A: To find : Price elasticity of demand 

Q: The owner of a local bakery shop observes that when he increases the price of Italian bread, his tot...

A: Relationship among price, total revenue, and price elasticity.  If there is an indirect relationshi...

Q: 公。 云 * 00 T QUESTION 26 Consider the following table for Spain and France in which output for grapes...

A: Absolute advantage occurs when a country can produce more of a particular good with the same given r...

Q: This person earns $1000 of income today and $2000 income next year. Point C represents his consumpti...

A: To find : Consumption of next year

Q: Figure 4-13 1Price 20 Price 20 18 Producer A 18 Producer B S1 16 16+ 14- 14 12 12 10 10 $2 8- 6- 4. ...

A: Here, given two graphs shows the supply curves of producer A and producer B at different price level...

Q: Refer to the information provided in Figure below to answer the question that follow. AS 110 AD 600 ...

A: Oil embargo depicts a situation where oil supply is decreasing. In economy most of the production is...

Q: How many countries are members of the European Union? (closest number if not exact) А. 4 В. 9 С. 28 ...

A: EU (European Union) is the union in which there are 28 member countries. The aim of this union is to...

Q: Suppose that you have analyzed the market and found that there has been a movement along the aggrega...

A: Aggregate demand is the sum of consumption, investment, government purchases, and net export.  The a...

Q: The demand function for a good is a = a+ bp. (a) What is the indirect utility function? (Hint: Roy's...

A: Marshallian Demand : x = a + bp  Budget Constraint : px </= M  where , M = income  Indirect Utili...

Q: 1. Give ideas/examples that the international community (United Nations) can do to bridge the digita...

A: *Answer: 

Q: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.5 percent for ...

A: Taxable equivalent yield The tax-equivalent yield is basically the rate of return required for a tax...

Q: What effect will the imposition of a 37% tax on economic profit have on a monopoly’s price and outpu...

A:

Q: If the natural rate of unemployment is 4.5 percent, the current unemployment rate is 7.6 percent, an...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: A firm in a competitive marketplace employs 10 workers at a wage rate of $20 per hour, and 10 units ...

A: Cost Minimization Producers utilize cost minimization as a fundamental guideline to identify what co...

Q: A monopoly’s price is $20. At this price the absolute value of the elasticity of demand is 2. What i...

A: Given the Price, P = $20 Elasticity, e = 2  

Q: the welfare analysis of the takeover of a PC industry by a monopoly, the deadweight loss results fro...

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a comp...