Is it possible that the violent members of the drug cartels can behave like cartels in legitimate market

Q: Joon's Marshallian demand function for good X and Y is given by: X* Suppose that Px=3, a = 0.8, ß = ...

A: "Income elasticity of demand of good X measures the change in demand for good X when income changes....

Q: 6. Suppose a man receives an initial annual salary of P 43,769.25, increasing at the rate of P 6,500...

A: Given: Initial Annual Salary=P 43769.25 Increase each year=P 6500 Interest rate=10%

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A: Total revenue is the product of price and quantity. Revenue is maximized when marginal revenue is ze...

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A:

Q: Suppose the government runs fewer budget deficit and there is a decrease in the average household in...

A: Here, it is given that government has fewer budget deficit, which influence the demand for loanable ...

Q: Which of the following would shift the long-run Phillips curve to the left? a) A change in the expec...

A: Phillips curve shows a negative relationship between inflation and unemployment. Long run Phillips c...

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A: Growth rate of output per worker is the difference between growth rate of output and growth rate of ...

Q: d. At what volumes do breakeven occur? e. What is the company's range of profitable demand?

A: Please find the answer below.

Q: Find the present value of $750 to be paid four years from now when the prevailing interest rate is 1...

A: Amount = $750 Interest rate = 10% ( Compounder annually ) Tenure = 4 years in  

Q: In the Heckscher-Ohlin model the factor that a country is abundant in will gain from trade, i.e. its...

A: The Heckscher-Ohlin model suggests that countries export what they are best at producing in economic...

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A: Odds of dying in a car accident is more than dying from an airplane crash.  Odds of dying in a car a...

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A: The specific factors model is a short-run model in which the capital and land inputs are fixed but t...

Q: Consider two markets: the market for cat food and the market for dog food. The initial cquilibrium f...

A: Elasticity of supply measures the responsiveness of quantity supplied to changes in price level 

Q: Q1. A company produces circuit boards used to update old-fashioned computer equipment. The taxes cos...

A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...

Q: 7. In the following games, all payoffs are listed with the row player's payoffs st and the column pl...

A: Dominant strategy means one can be better off without making others worse off. It means if one playe...

Q: CAPITAL BUDGETING can be most accurately defined as which of the following? O A. The process during ...

A: Capital budgeting is a process that is used by businesses for the evaluation of major projects or in...

Q: Suppose an increase in Demand cause surfboard prices to go up from $350 to $450 each. As a result pr...

A: Mid point method: es = [(Q2-Q1) / (Q2+Q1) /2] / [(P2-P1) / (P2+P1)/2] where, es is Price elasticity ...

Q: A study will be conducted to 10,000 junior high school students of the Bettbien High  School. Four h...

A: Total population = 10000 Total sample size , n = 400 Proportion = Respective population / Total Samp...

Q: Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns to...

A: Increasing Return to Scale: An increase in the output is proportionally higher than the increase in ...

Q: Reter to the graph to the right Atal in the domestic price level n desired consunption and private s...

A: Aggregate Expenditure = Household consumption + Gross investment+ Government spending + Net exports

Q: (A). What are the components of the trilemma that is encountered when a country chooses its monetary...

A: (A.)  The policy trilemma, which is also known as the impossible or inconsistent trinity, implies th...

Q: How do the economies of WTO Mer enefit from TBT and SPS Aoreements

A: WTO Members benefit from TBT and SPS Agreements,

Q: Suppose inflation over the next year is expected to be 5%, and assume there are no supply shocks. Wh...

A: Hi! thanks for the question but as per the guidelines, we answer only one question at one time. Kind...

Q: Identify a monopoly that you have recently consumed. Explain why you selected it as a monopoly and m...

A: Answer: We are granted a computer project recently and that the few stationary including gums are ...

Q: unit. Each stereo radio cassette sells for P1,200. If the firm makes a profit of 10% on its 10,000 s...

A: A dividend is the dissemination of corporate benefits to qualified investors. Dividend installments ...

Q: Suppose that the price of apples increases by 10%. Within a short amount of time, apple producers ar...

A: Elasticity of supply helps the producers in determining the production levels. It also explains how ...

Q: 50. x = f(p) = 875 - p %3D %3D | (A) p = 50 (B) p = 70 (C) p = 100 %3D

A: In the mentioned question we have to tell whether the elasticity is elastic or inelastic.

Q: Which of the following best describes an expansionary monetary policy? * a. less spending b. decrea...

A: The best way to describe an expansionary monetary policy is the lower interest rate.  Lower interest...

Q: An aircraft manufacturer uses 1,000,000 special rivets per year at a uniform rate. The rivets are ma...

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Q: Average Product and Average Variable Cost > At Adam's AAA Accounting, labor (L) is the only variable...

A: "Since you have asked multiple questions, we will solve the first question for you. If you  want any...

Q: Questio When is a country said to move into a recession? a) If actual output falls below the potenti...

A: A recession is classified as a significant reduction in overall economic activity that lasts more th...

Q: Consider the Solow model with no technological progress Assume that depreciation equals 0.20, popula...

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Q: In the two good specific factor model with diminishing returns to the factors the utility possibilit...

A: 1) In two good specific factor model, two goods are produced and three factors of production are use...

Q: For each of the following insurance plan designs, use a supply and demand graph to show how it would...

A: Insurance Insurance is a contract in which a person or organization gets financial protection or com...

Q: Assume that the LM curve for a small open economy with a floating exchange rate is given by Y= 200r ...

A:

Q: uppose an individual deposits $4,000 into her chequing account, which eventually leads banks to incr...

A: 1. Given initial deposit = 4000 $ Total increase in cash reserves = 4000 Total loans creation =  460...

Q: What is the value of the deadweight loss created by a perfectly competit O a. Equal to the industry'...

A: Deadweight loss refers to the loss to society due to inefficient quantity produced.

Q: bur neighbors pay annual dues to a neighborhood association. This association refunds neighbo ues to...

A: A positive externality exists when the production and utilization of goods helps an outsider not str...

Q: A local company assembling stereo radio cassette produces 300 units per month at a cost of P800 ner ...

A: Break-Even Point The break even point is basically the production level at which total revenues equa...

Q: Use the IS-LM model to determine the effects of an increased usage of automatic teller machines that...

A: IS-LM curve:- The IS curve shows the rate of interest and productivity levels wherein overall value ...

Q: Suppose that K(t+5)/N > K(t+3)/N, where K(t+3) is capital in period t+3 and K(t+5) is capital in per...

A: If there is more amount of savings is taking place then there will be more opportunities will be ava...

Q: A management is faced with the problem of choosing one of three products for manufacturing. The pote...

A: Expected value table shows the summation of all Values with the certain probability of these values.

Q: You are choosing between two goods, X and Y, and your marginal utility from each is as shown below. ...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: QUESTION 7 Excess demand exists when Select one: O a. quantity demanded does not equal supply. O b. ...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: Eyeglasslux is a single-price monopolist in the eye-glass frame market. It faces a Market demand giv...

A: Elasticity is the concept used in economics to determine the changes in quantity demanded due to cha...

Q: Question: Explain, using examples, the importance of financial intermediation to the flow of funds i...

A: An economic system is a network that establishes economic relationships among individuals in society...

Q: 6. Consider the following demand function for X-caliber beer. Qs 100 – 5Px -.51 Where Px is the pric...

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: Suppose that in 2003, 985 workers were employed in the public sector, 709 of which were unionized. A...

A: Given that; In 2003, 985 workers were employed in the public sector, out of which 709 of which were ...

Q: Katy invests $13,000 at 6% simple interest for 38 years. Round your answers to the nearest cent. How...

A: Interest is the cost of borrowing money or credit. It can be expressed in monetary terms or as a pay...

Q: The Heckscher-Ohlin model predicts that there will be no factor intensity reversals when moving from...

A: Heckscher-Ohlin model The Heckscher-Ohlin model is basically an economic theory that states nations ...