In what ways is pollution still a problem? Has it improved? Why?

Q: What is an opportunity cost? How does the idea relate to the defifinition of economics? Which of the...

A: In economics, the problem of scarcity which is universal in nature is studied and addressed. As want...

Q: 20) Which of the following was established by the industrialized nations in 1946 to loan money to un...

A: An international financial institution is an organization established by two or more sovereign state...

Q: Determine Total surplus afhter tax

A: Total Surplus = Consumer Surplus + Producer Surplus + Tax Revenue earned by Government

Q: Economics Question

A: In a competitive market there are large number of firms selling identical products. 

Q: 47) What is a greenfield investment? A) a brand-new investment B) a corporate shift toward a "greene...

A: Greenfield investment is a type of foreign direct investment in which the investing company invests ...

Q: Consider a market with a perfectly elastic demand curve at p∗ = 1, 763 and a perfectly inelastic sup...

A: Price elasticity of demand (PED) refers to the responsiveness of change in quantity demand due to ch...

Q: 11. over time, technological advances increase consumers’ incomes and reduce the price of smartphone...

A: Option B Over time, technological advances increase consumers’ incomes and reduce the price of smart...

Q: 1. A firm will shut down in the short run when (check all that apply) a. price is less than average ...

A: short-run is a time period in which at least one factor of production is fixed and others are variab...

Q: Do this puzzle for me and also For the last question ....Use the words supply, demand, imports, expo...

A: The demand for a good or service is the accumulation of all quantities demanded at different prices ...

Q: A number of articles published in the Wall Street Journal in the pastyear convince Americans to save...

A: The articles published in the Wall Street Journal in the past year convince the Americans to save mo...

Q: If a price increase of 50% results in an increase in the quantity supplied of an economic good from ...

A: Given Information: Price increase = 50% Quantity supplied increase from 10 to 30 pieces First, we ne...

Q: Question 3a The government in your country is considening three programs that affect the market for ...

A: Media campaigns and making the public aware of the dangers of cigarette smoking will educate and awa...

Q: In the long run, the positive economic profits earned by the monopolistic competitor will attract a ...

A: A monopolistically competitive market is characterized by a large number of small firms that produce...

Q: Suppose that required reserve ratio is 10%, currency in circulation is $400 billion, the amount of c...

A: Money supply refers to the total amount of money circulation in the economy including deposits in th...

Q: C) Given the following information: QD- 240-5P QS= P Where QD is the quantity demanded, QS is the qu...

A: With the imposition of  tax the price paid by consumer increases whereas the price received by produ...

Q: (Figure: Determining Profit) Given the price of A, economic profit can be illustrated by which recta...

A: Answer - (B) ACDF

Q: “The social desirability of any particular firm should be judged not on the basis of its market shar...

A: The antitrust laws are imposed by the government to keep a check on the monopoly power and to promot...

Q: Suppose the rent control (price ceiling)  in California will be nullified for a year and that market...

A: If the rent control in California is nullified for a year and the market rents will now be regulated...

Q: AirTrain and BigJet are considering starting a nonstop service from Pittsburgh to Las Vegas. Assume ...

A: Nash equilibrium(NE) is a set of strategies such that each player is doing their best, given the str...

Q: With this demand function D(p)=400−4p2, Find the Elasticity of Demand at a price of $2   At this pri...

A: Elasticity of demand depicts how much consumer responds with the change in price. 

Q: Mary buys 27 tuna sandwiches when her income is $37. Her income rises to $45 and now she buys 2 tuna...

A: Income elasticity of demand depicts how much buyer responds with the change in his/her income. 

Q: Which of the following is not a characteristic of an oligopolistic market? there are many buyers and...

A: An oligopoly is a form of imperfect competition that has a small number of sellers and a large numbe...

Q: Suppose a monopolist's profit-maximizing output is 400 units per week and that the firm sells its ou...

A:  

Q: what is the marginal revenue for this chart?

A: Marginal revenue is defined as the revenue generated from the selling some extra units services and ...

Q: Carefully explain what is happening in the following markets. Indicate the impact if any on demand, ...

A: Electricity is used as an input in the making of aluminum, so when the price of electricity rises, t...

Q: Question 1 - Rent Control Use the market diagram to illustrate the imposition of a rent ceiling abo...

A: The expression "rent ceiling" alludes to the most extreme measure of lease a landowner is permitted ...

Q: What can cause an entire demand curve 2 shift

A: In a market, people enter the market with having differences in their interest and behavior. An indi...

Q: Refer to the above diagram. The economy is at equilibrium at point C. What fiscal policy would incre...

A: Aggregate Demand(AD) is a downward-sloping curve which shows that as price(P) rises, the real GDP(RG...

Q: Use the accompanying graph to answer these questions. d. Calculate the level of consumer and produce...

A: The term “consumer surplus” is defined as the difference between the value to the buyer and price pa...

Q: After economics class one day, your friend suggests that taxing food would be a good way to raise re...

A: A regressive tax is a type of tax that is imposed in a manner that the tax rate reduces with the inc...

Q: A financial institution is willing to lend you $800. However, you must repay$802 at the end of one w...

A: Given Information: Present value = $800 Future value = $802  

Q: Use the concepts of economies and diseconomies of scale to explain the shape of a firm’s long-run AT...

A: According to the theory of the cost, LRATC(long-run average total cost) having the shape of U. It fa...

Q: Question 2a - Part 1 Given the following information Qp = 240 - 5P Qs = P where Qp is the quantity d...

A:

Q: Deborah and Janet are considering contributing toward the creation of a building mural. Each can cho...

A: Public good is not excludable and non-rivalry.

Q: Suppose that the cost of producing q appliances is C(q) = 500 – 4q + q? and the demand function is g...

A: The profits for a firm are maximized at the level where the marginal cost of producing the last unit...

Q: HP and Sony compete primarily by price. Each firm must choose either a high price or a low price sim...

A: Pay-off matrix of Sony and HP is given below:     The first values are denoted as HP’s profit and s...

Q: You head over to Check-N-Go for a quick loan. The loan is for $500 and you pay it back two weeks (14...

A: The nominal rate of interest is the interest rate per annum payable “p” times in a year. On the othe...

Q: Expansionary fiscal policy increases the government budget deficit. True, False, or Uncertain? Expla...

A: Fiscal policies are the policies that are managed by the government with the aim of influencing macr...

Q: Carefully explain what is happening in the following markets. Indicate the impact if any on demand, ...

A: In the academic year 2020/21 the University of the West Indies mandates that all students must take ...

Q: Many think that the size of a trade deficit is due to a lack of competitiveness in domestic sectors,...

A: Trade is the exchange of goods and services between the producer and consumer in the economy. When t...

Q: Given the following information QD = 240-5P QS= P Where QD is the quantity demanded, Qs is the quant...

A: Consumer Surplus is the difference between what consumers are willing and able to pay for a good and...