Is the monopolist earning a loss (profit)? Either way show the loss rofit)?

Q: Which of the following best captures the main idea of Bastiat's "The Candlemaker's Petition? O It is...

A: Frederic Bastiat was best known for his thesis against protectionism as he identified some ineffecti...

Q: 66. Which of the following input factor takes risk, innovates and coordinates А. О Сapital B. O Labo...

A: In an economy, there are four factors of production, namely Land  Labour Capital Entrepreneur

Q: Consider the strategic form game represented by the following bimatrix, where player 1 is the row an...

A: The given matrix is:

Q: In Marx’s theorizing, what is the relationship between profit and surplus-value?

A: Marx's theory focuses on the impact of capitalist system on the labour, productivity and the firms. ...

Q: An economy in which GDP and employment are rising is experiencing wh Deflation Inflation O Hyperinfl...

A: An economy in which GDP and employment are rising is experiencing what ?.        

Q: Suppose the short-run production function is q = L?. If the marginal cost of producing the ninth uni...

A: The term "cost of production" refers to all the costs that are involved when a company offers a serv...

Q: If the government eliminates a tax on a good with a perfectly elastic supply, who benefits most? O A...

A: If the government eliminates a tax on a good with a perfectly elastic supply ,who benefits most.

Q: eBook A father is now planning a savings program to put his daughter through college. She is 13, pla...

A: Average rate of inflation is 5% annually. So if she enrolls in a 4 year program after 5 years, total...

Q: Based on your understanding of Economic Value per Lead, explain which of the below mentioned channel...

A: Profit is the difference between total revenue and total cost. Total revenue is the revenue that is ...

Q: d) If a per unit sales tax is imposed on this market, who will pay a larger share of the tax and why...

A: Given information are Q=1600-300P       ... (1) Supply: Q=1400+700P      ... (2)

Q: 3. A new medical study indicates that eating blueberries helps prevent cancer. If the demand for blu...

A:   Meaning of Consumer Surplus: The term consumer surplus refers to the situation under which the con...

Q: In the market for a normal good, an increase in income will cause an increase in _____, an increase ...

A: Normal goods are a type of good that the demand and income are positively related. So it has a posit...

Q: According to the textbook, games do not have the oppositional subtleties or complexities that can be...

A: A film adaptation is the transformation of a work or storey into a feature film, in whole or in part...

Q: Consider the multiplicative demand function Q = 4*P-1.2. Suppose price is reduced from 8 to 7. What ...

A: The marginal effect is a measure of the instantaneous effect that a change in a specific explanatory...

Q: Suppose that the annual maintenance cost of a public park is $40,000. The park has no entrance fee a...

A: Total cost is the summation of total variable cost and total fixed cost. Total fixed cost is the cos...

Q: A firm produces a product in a competitive industry and has a total cost function (TC) of TC(q) = 90...

A: Profit can be maximized at the point where Price = Marginal cost that is P=MC and marginal revenue i...

Q: Money spent on the research and development (R&D) of new products represent spending. deficit govern...

A: Research is defined as "creative and systematic work undertaken to increase the reservoir of knowled...

Q: You want to save an amount of P100,000 at the end of 10 years. You are given 8% interest compounded ...

A:

Q: model with a single-time-period lag on onsumption function, as described below, is initially in equi...

A: The time path for the GDP is calculated through the complementary and particular solution. Yt = Yc +...

Q: Explain how each of the following factors can cause demand to shift either to the left or to the rig...

A: The quantity of an item that consumers are willing and able to consume at various prices over a set ...

Q: Suppose the U.S. government increases the amount of steel that can be exported to foreign countries....

A: Exports and imports of a country contribute to the GDP of the country. A country must always try to ...

Q: Suppose you are considering working at a local coffee shop 5 nights a week. You expect to save $125 ...

A: * SOLUTION :-    From the given information the calculation is given below  

Q: If the economy depicted in the graph is a self-regulating economy: Price Level LRAS SRAS (P) PE AD Q...

A: The measure that depicts the total value of goods and services being produced in an economy during a...

Q: 1. Risks in the business arise because of

A: To find : Reason for arise of risk in business 

Q: I. Increase in interest rates causes the supply curve to shift. II. Monetary expansion causes a decr...

A: Here, four states about the market is given where supply and demand curve are affected by various de...

Q: The government Bets a minimum wage above the Current eajuilibrium wase level. (4) what effect does i...

A:   Meaning of Consumer Surplus: The term consumer surplus refers to the situation under which the con...

Q: Professor Zinn claimed that Botswana is a counter-example against the argument chat countries with r...

A: Blood diamonds (also known as conflict diamonds, brown diamonds, hot diamonds, or red diamonds) are ...

Q: We say that rent stabilization creates rationing because . . . (a) Those who are in rent stabilized ...

A: Rent stabilization is a type of price control.

Q: If Slovenia exports cloth, then if it increases its production of cloth due to economic growth biase...

A: The correct answer is E. High production of export goods will reduce the price of it in the world ma...

Q: 3. Two vendors simultaneously choose a location. Then the customers choose the closest vendor to buy...

A: Given information There are 2 vendors on straight line 5 location exists for vendors to set up Each ...

Q: Warrensburg is a small college town in Missouri. At the end of August each year, the market demand f...

A: According to the law of demand, the quantity demanded of a product will fall in response to an incre...

Q: Illustrate the Advantage and disadvantages of Globalization

A: The process through which the world becomes interconnected due to an increase in trade along with cu...

Q: 3. Effects of rent control Rent controls force landlords to price apartments below the equilibrium p...

A: Rent control is the price ceiling that sets the maximum rent that can be charged. It is imposed to p...

Q: The production function of a small firm that produces tarpaulin is given by the table below. L 4 6 8...

A: The formula for output elasticity with respect to labor is calculated as ε=% change in quantity of o...

Q: Recycling 0os't Total economic profit is highest when the recyding production method is When the tan...

A: The Coase theorem states that when property rights are clearly defined, perfect competition results ...

Q: unded monthly is equivalent to an interest rate of 14 % compounded quarterly?

A:  Given interest rate = 14% compounded quarterly Therefore quarterly rate = 14/4 = 3.5%  

Q: Cindy and Steven are recently married and are both chefs. They have recently graduated from culinary...

A: Let us calculate the monthly expenditure of Cindy and Steven Rent - $1125Cable and Internet - $75Joi...

Q: how the capital structure, cost of capital, and dividend decisions are related? You can explain how...

A: The combination of capital kinds that a firm uses to pay its activities is referred to as its capita...

Q: On a small island two farmers, Inger and Johannes, are the only suppliers of freshly dug potatoes fo...

A: Profit maximization is a process business firms undergo to ensure the best output and price levels a...

Q: Ig is given that there is an increase in market price and quantity transacted for masks relative to ...

A: Though no single country can meet the rising demand for masks, trade is essential. Export bans are h...

Q: The term footing refers to the O Process of posting O Addition of column of figures O Process of obt...

A:   Footing is the end balance when we sum all the debits and credits. Debits are tallied, followed by...

Q: The unemployment rate of a certain country shortly after the Great Recession was approximately 5t + ...

A: Given  The employment rate is given by  ft=5t+301t2+23    0≤t≤4 t =0 corresponds to the beginning of...

Q: Notes A. The price of gasoline increases from 16 per barrel to 30 per barrel and as a result, the de...

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

Q: Suppose that there are N = 10 firms in a market, and each of them have an equal share of the market,...

A: According to the question, Number of firms N=10 firms Share of each firm in this market=Si=110  

Q: • The large increase in the supply of central bank money between 2008 and 2015 was absorbed by house...

A: Introduction Why bank reserves increases during 2008-15: This has began to rise after the financial ...

Q: The closer the Lorenz curve for income is to the line of equality, the larger is the nation's total ...

A: Lorenz curve is a line which shows income distortion of households which is on x axis and cumulative...

Q: for decrease) in Figure 38.4. 12. Circle the correct symbol ( T for increase,

A: Since you have posted multiple questions, we will answer the first question for you. If you want to ...

Q: A firm used $1,900 worth of peanuts and $100 worth of salt to produce peanut butter. This required c...

A: In value added method, revenue – costs provides value that the firm added in the process  

Q: Explain the difference between complement goods and subsitute goods and give an example of substitut...

A: Good A and B are complementary goods if they are consumed together.  For e. G, shoes and socks Pen a...

Q: For K > 0 andL > 0, the production function F(K,L) = 2KL + K has a. increasing returns to scale b. d...

A: It has given that, K > 0 and L > 0 Now,F(K,L)=2KL+KAs K>0 and L>0lets assume K=2 and L=2...