Microeconomic Question QUESTION ONE Using appropriate diagram, illustrate the short run and long run equilibrium of monopolistic competition?

Q: If the quantity of money supplied is greater than the quantity of money demanded, then the a. price ...

A: "Correct option d- nominal interest rate falls."

Q: Select an industry that belongs to any one of the four market structures – perfect competition, mono...

A: Please find the answer below.

Q: If a consumer has rational, monotonic, and convex preferences, which of the following is true concer...

A: A change in the price of a product leads to a change in demand for that product. This is called the ...

Q: Consider the market for electronic components ("chips") and assume that there is complete competitio...

A: Supply bottlenecks Supply bottlenecks means the pressure on the seller to increase or decrease suppl...

Q: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

A: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

Q: The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., makes a...

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: What does poor infrastructure mean in economics? Explain thoroughly and provide examples

A: Infrastructure is a critical component of economic development. It increases productivity and improv...

Q: Suppose that there is a market demand and market supply curve given by P = 10 - 0.1Q and a market su...

A:   Market demand curveP=10-0.1QD0.1QD=10-PQD=100-10PMarket supply curveP=2+0.001QS-0.001QS=2-P0.001QS...

Q: True or False 1. A deferred annuity until ? period of ? interest, and A equal payments, can be comp...

A: A deferred annuity is an insurance contract that guarantees the customer a regular income or a lump ...

Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...

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

Q: what is the spne?

A: The image attached below show red arrows as the best responses at each node:

Q: Due to the increased use of credit carus, peup O a. a rightward shift in the demand for money curve....

A: The money demand curve is downward sloping from left to right. It shows an inverse relationship betw...

Q: A deductible reduces ________ in exactly the same way as ________.   Question 10 options:   a)  m...

A: When talking about deductibles, it is the amount of money that an individual pays in advance to get ...

Q: In the past Christmas season, the roast suckling pig market was impacted by a large number of buyers...

A: Here, it is given that the market of roast suckling pig was affected by the buyers in the past Chris...

Q: PAYMENT HISTORY,CAPACITY,LENGTH OF CREDIT,NEW CREDIT and MIX OF CREDIT  how do the above factors in...

A: Payment History, Capacity, Length Of Credit, New Credit and Mix of Credit are some of the most impor...

Q: Price Level AS P1 P2 AD - AD' Y2 Y1 Real National Income

A: In the United States, government make changes in its taxation and spending, according to the require...

Q: b)  Following model was applied to manage a fish stock efficiently in the long run: Harvest functio...

A: Introduction Its answer is 4) Harvest function : H(E) = 100E - 3 E2 , where E is the number of fishi...

Q: A debit card differs from a credit card in that   Question 16 options:   a)  a credit card is a l...

A: A credit card is a card that allows the cardholder to borrow money from a financial organisation, us...

Q: e utility function for this economy is u(x,y) = xy. What is the optimal basket (x,y) for this econo ...

A:

Q: Question: What are the equations for measuring return and risk?

A: Return and risk help us choose which investments to undertake. Returns are calculated based on the i...

Q: 2. Consider these three utility functions: U2 = u3 In a1 + In r2 Which of these functions can be sai...

A: The monotonic transformation of a utility function represents the same function as the utility funct...

Q: The benefits of economic growth, particularly as measured by real GDP per capita, include greater me...

A: Answer -1  For the vast majority of people, the benefits of economic expansion as measured by Real G...

Q: The unemployment rate in the United States tends to be… A. Acyclical B. Countercyclical C. Procyclic...

A: The unemployment rate is the ratio of the total number of unemployed people to the labor force. The ...

Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. Ecu...

A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP...

Q: 7. Bank capital is equal to ________ minus ________.   Question 7 options:   a) ...

A: Bank capital shows the net worth of any bank by checking the bank's assets and liabilities. 

Q: Boris has $100 to spend on bananas and/or babacos. Suppose you have drawn his budget line for banana...

A: Budget line shows the two various possible combinations that can be bought with given income level a...

Q: Prove that: A capital – abundant country can benefit from international trade if it specializes in p...

A:

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.  Now suppose gov't gives c...

A: The consumer has an income of 80 in year 1 and an additional 10 given by the government.  when consu...

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.  Now suppose gov't gives c...

A: Given information beta=1  i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...

Q: According to the quantity theory of money, (a)    Increases in the money supply will lead to inflati...

A: Inflation is defined as the rise in the average price level of commodities and services in the econo...

Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis ...

A: In the future worth method, we convert all cash flows into the future period and compare the future ...

Q: Suppose that a typical firm in a monopolistically competitive industry faces a demand curve giver by...

A:

Q: How are quintiles calculated? Select the correct answer below: O Calculated using the average of the...

A: Quintiles are defined as the equal numbers of five groups in a population.  

Q: Disjoint and overlapping constraints are two different types of rules.

A: The process of extracting shared attributes from two or more classes and integrating them into a gen...

Q: A firm operating in monopolistic competition is maximizing its profit and earning negative economic ...

A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies be...

Q: In early 2019, the Powerball lottery was advertised as having a payoff of $750,000,000. The winner w...

A: Present value (PV) is the current value of a future amount of cash or stream of incomes given a pred...

Q: When you open a savings account, you and your joint account holder will need these four items. Put a...

A: A bank account is an important arrangement made by a bank to let the depositor deposit their money i...

Q: Find the point (x,y) that solves the following problem: 1 1 u(х, у) — — In x +-In y s.t. PxX + руҮ —...

A: Given; Utility function; u(x,y)=12In x+13In y Pxx+PYy=m MUx=12×1x       =12x MUy=13×1y       =13y  

Q: Consider the following abbreviated financial statements for a proposed investment Years Sales Costs ...

A: Accounting rate of return = [Average annual profit / Initial investment] * 100 Average annual profit...

Q: The wholesale price of milk (px) is $1/gallon, and the wage (pL) is $12/hour. Suppose that farms can...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit thequestion and sp...

Q: The regulatory agency responsible for regulating the activities of life insurance companies is   Qu...

A: In the United States, different authorised are formed to deal with different financial issues like F...

Q: 19. Normal profit is A. O Part of total cost B. O Part of economic profit C. O Total revenue minus t...

A: When the total revenues of the firm tend to exceed the total costs of a firm, then the business is k...

Q: Why does high compensation (wages) with little or no output from the worker is bad for the economy? ...

A: Wage: The term wage refers to the remuneration that is paid to workers against their work. In most c...

Q: Using an appropriate diagram, explain how a perfectly competition firm achieves profit- maximising o...

A: The structure of the market where there exist many firms who sell homogenous goods to many buyers wi...

Q: firms face downward-sloping demand curves in

A: There are two types of market, i.e., perfectly competitive and imperfectly competitive market.  Mono...

Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings...

A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the...

Q: Because of the adverse selection problem,   Question 3 options:   a)  lenders will write debt con...

A: In a market, adverse selection refers to one of the causes of market failure due to unequal informat...

Q: 2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on...

A: Among the very ideas of microeconomics that form the basis of consumer theory, one of the most impor...

Q: During World War I, the price in the U.K. increased by more than that in the U.S. Following Churchil...

A: Gold Standard - The gold standard is the currency measurement system where by the value of the curre...

Q: Provide a brief description (1-2 sentences) of the lag effect.

A: The lag effect describes the time lag between the policy apply and the actual effect of the policy o...