p of answer choices Both A and B

Q: Firm A and Firm B sell coffee and engage in Bertrand competition. They have a constant marginal cost…

A: In Bertrand equilibrium, firms have control on prices and they change prices according to the…

Q: 1.24 Study the table below and answer the question that follows. Afghanistan US 1.25 Carpets 100 500…

A: The foreign currency market plays a significant role in both the global economy and society. They…

Q: Acme Manufacturing Co. and Compressors Institute of America, Inc. orally agreed that CIA would…

A: Given information CIA custom manufacturing a compressor for Acme Manufacturing Co. and Compressors…

Q: In September the UK Government under the leadership of new Prime Minister Liz Truss announced a set…

A: Budget deficit A budget deficit happens when spending surpassed receipts and can indicate a…

Q: businessman. owns a florist shop. He buys each bunch of flowers for R O1.5 and special wrapping…

A: The break even point is the moment where any small business experiences no loss or gain and the…

Q: QUESTION 15 Which of the following professions would we expect to have the highest economic profit?…

A: Answer to the question is as follows:

Q: Which of these tax systems does not conform to the idea of vertical equity? a. GST. b. A flat…

A: Vertical equity refers to an approach of tax collection wherein the taxes paid will be increasing…

Q: s because unemployment payments increase. increases bec

A: In recession, real output falls and the economic activity slows down. The unemployment in the…

Q: Energy markets, such as the market for natural gas and electricity, have been known to be…

A: Given,  Energy Markets like market for natural gas and electricity have been known to be…

Q: Is UBI universal basic income a good idea to be implemented in Aghanistan?

A: A proposed government guarantee of a monthly payment to every citizen is known as universal basic…

Q: 9. Suppose Warner Music and Universal Music are in a duopoly and currently limit themselves to 10…

A: The study of strategic interactions and mathematical models is done in game theory. A dominant…

Q: Assume the following: Explicit Cost = 50 implicit Cost = 25 What does Total Cost equal? O a. 25 b.…

A: Total cost is the sum of explicit cost and implicit cost. Explicit cost is the direct expenses or…

Q: ohn Kenneth Galbraith saw modern capitalism as   A.dominated by large enterprises and…

A: Macroeconomics refers to the branch of economics that deals with the economy as a whole. For…

Q: ome Creations is a U.S. textile manufacturer. Holmes believes Home Creations may be an attractive…

A: The required return here is a function of three factors: Market, size and value. Several statements…

Q: roblems 6-9 are based on the model of demand and supply for coffee as shown in Figure 3.10 Changes…

A: The equilibrium price is the only price where the plans of customers and the plans of producers meet…

Q: Continued monetary tightening 05 October 2022 The Monetary Policy Committee today increased the…

A: The wholesale rate for borrowing money is known as the OCR. The majority of the banks that are…

Q: In what ways are “creative ideas” more/less important than technical ability?

A: Creative ideas are creation of internal working of minds which gives innovation and out of the box…

Q: Annual maintenance cost for a machine is ₱25,000 for 6 years. Interest rate is 6%. If the…

A: Given  Annual maintenance (A1 )=25000 Rate of interest =6% The maintenance cost increase by 10% each…

Q: profit (b) Since the feins earn Zero there will be no new entries and the feins would also leave…

A: An industry is formed by a group of firms producing unique products. The profit level from the…

Q: Some MPs believe that there is a causal relationship between earnings and years of schooling. They…

A: The MPs' assumption that an additional year of education will yield a 25% annual return is not a…

Q: if two groups have the same price elasticity of demand, third-degree price discrimination(i.e.…

A: Price discrimination is a marketing tactic employed by monopoly businesses in which they charge…

Q: nge in inventories. an unplanned

A: In Aggregate Expenditure model, if Real output is less than planned aggregate expenditure then there…

Q: We are given the following information for UWI Land. At the start of the period, there are 334,250…

A: Given, Number of Employed = 334,250 Number of Unemployed = 15,750 Not in Labor Force = 150,000…

Q: so what are the revenue implications of the two policies?(minimum unit price and a tax on alcohol)

A: Revenue implications are one kind of revenue which is imposed by the government and this type of…

Q: 1.2. The consumption function for a simple economy is given by C = 330 + 0.6Y 1.2.1. Write an…

A: consumption is the amount of income which is not saved. and it is influence by the disposable income…

Q: How will each of the following scenarios impact the market for labour The country receives an influx…

A: Equilibrium is where labor demand curve intersects labor supply curve.  Wage rate is determined…

Q: Anita bought a new scooter for $500. She is deciding whether she should insure her scooter against…

A: Price of the new scooter=$500 1 out of the 10 scooters is stolen So the probability of…

Q: In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00 You also have the…

A: The consumer price index (CPI) is an approach to changes over time in the general price for the…

Q: 9. Demand for corn is known to be inelastic. If seed gene modification enhances the crop yield per…

A: Demand is said to be inelastic if the absolute value of degree of elasticity is less than 1.    When…

Q: Suppose the quantity demanded rises by 20 million pounds of coffee per month at each price. Draw the…

A: The demand curve can be used to gauge how eager consumers are to pay for a product. This consumer…

Q: 1. Please explain why the marginal revenue curve for a perfectly competitive firm is horizontal.

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

Q: A higher level of GDP per person is positively correlated with a. the number of workers in more…

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Consider the market for fire extinguishers. d. If the external benefit is $10 per extinguisher,…

A: When a transaction involving a When a transaction involving a buyer and a seller has an effect on a…

Q: Suppose that Walls Fergo Bank currently has $100,000 in demand deposits and $65,000 in outstanding…

A: The required reserve is the amount that a bank has to keep to hold government regulations. Whereas…

Q: In the figure, demand is given by the formula p = 100 - Q/1000, where p is price and Q is quantity…

A:

Q: Suppose the IRR of Machine X = 17%. The PW of Machine Y (using a MARR = 20%) is $3,679. We can…

A: IRR helps to know whether a particular project is profitable or not. It calculates the internal…

Q: A mining company CEO wants to help provide college education for the daughter of a high performance…

A: Given  First 4 years, (beginning on the fourth birthday) the annual cash flow is $-750. Annual cash…

Q: 9. Tariffs decrease the price of imported goods below the world price by the amount of the tariff.…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first question for you as…

Q: 17. Which of the following two factors helped growth in FDI in developing countries a.…

A: Foreign direct investment (FDI) is a part of capital investment in foreign nations. Any country,…

Q: he automobile replaced the horse and buggy for everyday transportation. Electronic downloads of…

A: When goods and services are allocated equally among buyers,it is knows as allocative efficiency.When…

Q: Carefully explain the impact on the money demand curve, money supply curve, equilibrium interest…

A: Money market: As the central bank issues the fresh currency and hence, they determine the level of…

Q: The free-rider problem is that: free public transportation is overcrowded. people will not…

A: A public good is a commodity that which its consumption by one individual does not reduce the amount…

Q: Assume that a piece of equipment cost $5,000 and had accumulated depreciation of $3,000. What is the…

A: Book Value is defined as the value of an asset as per the balance sheet account balance. The value…

Q: The intention of deregulating markets such as air passenger transport in the late 1980s and early…

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

Q: Campus Bookstore is the only textbook supplier in the town, a profit-maximizing business. Customer…

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…

Q: What is the nash equilibrium in this table (Oligopolist's Dilemma slide, with typos fixed, choose…

A: Nash equilibrium is used to achieve best strategy in a non-cooperative game. Nash equilibrium…

Q: that 4 percent of capital depreciates each year. Assume further that country A saves 24 percent of…

A:

Q: 1.10 Read the following extract and answer questions 1.10 and 1.11. "South Africa has banned Bain &…

A: Failure of the open market to effectively distribute goods and services is what we mean when we talk…

Q: The table below shows cash flow estimates for a project. The B/C ratio for the following cash flow…

A: The benefit-cost ratio is calculated as B/C ratio= PW of Benefits-PW of disbenefitsFC+PW of M&O…

Q: Megan and Martha own competing hair salons that are in the same neighborhood. They are both…

A: Nash equilibrium is where both player chooses their best response and the best response of both…