Often the marginal cost (MC) is initially decreasing as Q rises because... the marginal productivity (MP) of variable inputs is decreasing. the marginal productivity (MP) of variable inputs is increasing. the average fixed cost (AFC) is decreasing. the average cost (AC) is decreasing.

Q: 7. Effect of a tax on buyers and sellers Part 2 The following graph shows the daily market for wine....

A: As we can see from the graph, Before tax Quantity=50, Price buyers pay= 25, Price sellers receive=25...

Q: Suppose you are the manager of a watchmaking firm operating in a perfectly competitive market. Your ...

A: In perfectly competitive market, price is constant so price is equal to marginal revenue. Firms will...

Q: The economy below has a linear production possibility frontier, given by C=Y-G/q. Private income Y c...

A: A good is a normal good when its demand decreases with decrease in income. A good is an inferior goo...

Q: The inverse demand function a monopoly faces is  p=100-Q   The firm's cost curve is  TC(Q)=10+5Q   W...

A: Demand is the quantity of a good that buyers are willing and able to buy at various prices during a ...

Q: 1-Consider two firms facing the demand curve P = 20 – 5Q. The firms' cost functions are MC1=MC2=10. ...

A: Cournot market occurs when output produced by firms is unknown and price is determined by combined o...

Q: n your view, should an organization engage in a dialogue with all of its stakeholders all of the tim...

A: Stakeholder: A stakeholder is a party that has an interest in an organization and can either influen...

Q: If, in a monopoly market, the demand function for a product is p = 160 − 0.10x and the revenue f...

A: Demand function shows the functional relationship between Quantity demanded for a commodity and its ...

Q: portional income tax on the representative cc sumer's wage income. That is, the consume wage income ...

A:

Q: Now, suppose that Home applies an import quota limiting the amount Foreign can sell to 2 units. The ...

A: (a) Consumer Surplus: Area above price line and below demand curve = 12* 8 * (14-6) = 32 Producer su...

Q: To spur economic growth, underdeveloped countries should: trade with foreigners. O do all of these. ...

A: Economic growth refers to increase in real GDP in the economy, that is increase in economic activiti...

Q: What is “B.O.P”? Explain the importance of “Balance of Payments” to Managers of Public and  Private ...

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

Q: Suppose the the demand function is p(z) = (51 – 3z) (for z < 17). %3D A. What is the marginal price ...

A: Demand function shows the functional relationship between Quantity demanded for a commodity and its ...

Q: The following picture represents the impact of a change in total factor productivity. What happens t...

A: We see that the leisure taken has not decreased, which means that the labor hours reamains the same....

Q: Karl Marx argued that an 'Industrial Reserve Army of the Unemployed' would be produced by capitalism...

A: a). There are valid justifications why capitalism produces and reproduces unemployment after some ti...

Q: Directions: Find the CPI for the same item. Round to the nearest unit. BASE PERIOD CURRENT PERIOD Ci...

A: Index also known as consumer price index which means that  how much times  base year one unit of mon...

Q: Market demand for soda is given by QD = 4000 120P and market supply is given by = 200P. Solve for th...

A: QD = 4000 - 120P Qs = 200P For equilibrium, QD = Qs 4000 - 120P = 200P - 120P - 200P = - 4000 320P =...

Q: Derive and use the equilibrium in the goods market (Keynesian cross) to explain how a drop in consum...

A: In the Keynesian cross we have, C=a+cY, where c is the marginal propensity to consume. equilibrium o...

Q: Consider the market for gas in the US. Suppose that due to Covid-19 that there is a fall in the pric...

A: When the price of oil falls due to Covid-19 which is used to produce gas, this leads to an increase ...

Q: List some arguments for and against the likelihood of “convergence”. What sorts of policies can gov...

A: An interaction wherein economies of various nations become more like one another: Economic combinati...

Q: In a unitary system of government, O the national government has legal control over local government...

A: In a unitary system the only level of government besides the central is the local or municipal gover...

Q: An investment of P 8.5 million is expected to yield an annual gross income of P 2.85 million. Annual...

A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...

Q: Country S and Country T are two similar countries with the same working population equal to 100. Fir...

A: Introduction Two countries S and T are given. and both the countries have same working population wh...

Q: 1. What is likely to cause inflation? a. increase in oil prices b. Increase of prices of computers c...

A: Government has certain tax revenue with them through which they have to carry developmental expenses...

Q: Question 8 Suppose Total revenue from the sale of output is given below Output Total Revenue 1. 9. 1...

A: Marginal revenue is a central concept in microeconomics that describes the additional total revenue ...

Q: The demand and supply of reserves are given in the following schedules: Supply (billion) S1,000 S1,0...

A:

Q: A plant manager considers the operational cost per hour of five machine alternatives. The cost per h...

A: The problem at hand falls within the topic of probabilistic decision-making. EMV stands for anticipa...

Q: be umbria, one witH high tax rate and one with a low tax rate. No suppose that government spending i...

A: High marginal tax rates can deter work, saving, investment, and development, while explicit duty inc...

Q: In marginal analysis, if possible, the optimal outcome is found when Select the correct answer below...

A: MB, marginal benefit is the additional benefit gained from selling an additional unit of output. MC,...

Q: Define Supply?

A: Answer is given below

Q: Provide three characteristics that prevent health care markets from allocating resources efficiently...

A: We have show that  ,The healthcare industry is a multibillion-dollar industry in the USÀ that provid...

Q: ase go to www.federalreserve.gov e and briefly describe the structure of the U.S. Federal Reserve sy...

A: The central banking system of the United States of America is known as the Federal Reserve System. I...

Q: Thailand addressed a growing population at the same time as China but unlike China's stringent one-c...

A: In china there is policy of having only one child . Giving birth to more than one child is prohibite...

Q: many people keep their savings in the piggy banks, it does not help the financial system to function...

A: Banks and other financial institutions give amazing chances to saving and contributing by people, wh...

Q: What do you understand by the concepts of intra temporal choices?

A:

Q: The average annual income rises from $25,000 to $38,000, and the quantity of bread consumed in a yea...

A: An increase in income from $25000 to $38000 leads to a decrease in consumption of bread from 30 loav...

Q: Consider an economy that is operating below the full-employment level of real GDP. What would be the...

A:   Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation u...

Q: Given one procedure or service provided by certain hospital, all different payers would be charged t...

A: In the healthcare system, the price of any service or procedure is determined y the demand and suppl...

Q: 1. Refer to the table above. Calculate real and nominal GDP for the year 2018. Show your calculation...

A: here we calculate the nominal GDP , Real GDP and GDP Deflator by using the given information , so th...

Q: he graph shows befire-tax, where the equilibrium is at 25.  When the government levies the tax of 3...

A:

Q: Emma borrowed $3,000 from a lending company for 3 years at 12%. At the end of 3 years, it renews the...

A: borrow at period 0 Amount = 3,000 n = 3 years r = 12% Renews after 3 years Amount = 2,000 n = 2 y...

Q: Find equilibrium Price and quantity from the following demand and supply functions, also determine w...

A: Given: Qd=95-3P, Qs= -10+6P Qd=1400-60P, Qs= -400+30P

Q: Which of the following is not a potential problem for a cartel. Multiple Choice Cartel members cheat...

A: The market that is being depicted by a small number of firms who tend to realize that they are inter...

Q: Compare and contrast private and public goods. Explain how the characteristics of a public good lend...

A: Answer to the question is as follows:  

Q: In what way is the private economy better than the government? Select the correct answer below: the ...

A: The exists market forces of demand and supply. Equilibrium in the market occurs where marginal deman...

Q: Basketball Production Cost Table Output per Day Total Cost Fixed Cost Variable ...

A:

Q: The price/demand function of a company is p= 42 – 0.001D and the cost function is 30D + 1200. Determ...

A: We know that at equilibrium level demand and supply for goods and services are equal at certain pric...

Q: The picture in this exercise describes an economy that is experiencing a boom in total factor produc...

A: Since the maximum amount of leisure is fixed and maximum consumption has increased after technologic...

Q: e. It is sometimes said that competitors in an oligopolistic industry need a price leader to “straig...

A: An oligopoly is a market structure in which a small number of enterprises have a significant amount ...

Q: Examine the graph below to answer the following question regarding "substitution and income effects"...

A: The budget line is a straight line that shows the possible attainable combination of two goods that ...