QUESTION 23 4 A monopolist has a total cost function TC= 2000 + 10Q (Note: MC = 10). Demand in this market is given by P = -5Q + 290. Let's assume that this monopolist can share only a single price. Answers need no commas, and please type a positive integer number on each section. 1. What is its marginal revenue curve equation? Answer MR =- 2. What is its optimal quantity for its maximized profit? Answer 3. What is its mark-up price for its maximized profit? Answer $ 1. What is its total cost at its optimal quantity? Answer $ 00 .00 *Q + units

Q: Suppose the US dollar is currently trading at a nominal exchange rate of e=120 Yen. If the inflation…

A: We are going to use uncovered interest rate parity to answer this question.

Q: WATER HEATER 20 KW DEEP FRYER 3 kW OVEN OVEN 3 kW OVEN

A: The relation between the resistance R,voltage V and power P is :

Q: A researcher wants to test the relationship between the number of years of formal education received…

A: A linear regression model is used to explain the value of a variable on the basis of the value of…

Q: Suppose that production for good X is characterized by the following production function, Q =…

A: In the short run, all factor of production are not variable. The at least one factor is fixed and…

Q: What is merits and demerits of direct tax?

A: Meaning of Tax Imposition: The term tax imposition or the tax hike refers to the situation under…

Q: What are the objects and methods of exchange control?

A: Exchange controls refer to the imposed controls and restrictions by the government on private…

Q: Brief description of a named economic crisis e.g., 2007 to 2010 financial crisis.

A: Financial crisis affects the entire economy. Finance is considered foremost part of economy. Crisis…

Q: Consider the following sequential entry deterrance game. Player 1 plays first, and then Player 2…

A: We solve this using backward induction, By choosing a, player 2 will have either 4 or 2. Since,…

Q: c) Consider a market in which the market demand curve is given by P= 18 - X - Y, where X is Firm I's…

A:

Q: What are the Principles of Public Debt Management?

A: Introduction - Getting control of your bills is the process of debt management.It entails keeping…

Q: Direct tax levied on imported goods refers to international trade barriers in the form of; Cukai…

A: Tariffs might be levied either to raise income or to safeguard domestic industries, however, a…

Q: In general, the more the government borrows, interest rates should [rise, fall, remain unchanged].…

A: The government borrows the money to fill the gap of Fiscal Deficit. A fiscal Deficit is a difference…

Q: Would consumers have to pay the price for increasing minimum wage?

A: Increasing the minimum wage changes the structure of the youth workforce. Lower-skilled teens are…

Q: What are the problems faced during determination of terms of trade?

A: In economic science, terms of trade confer with the connection between how {much |what proportion…

Q: P(L, K) = 30L0.75 K-0.25 where L is units of labor, K is units of capital, and P(L, K) is total…

A: Equation that communicates the connection between the quantities of productive elements (like work…

Q: c. If the central bank conducts the same policy as in part (b), except chartered banks hold all of…

A: Money multiplier is a term in monetary economics that is a phenomenon of creating money in the…

Q: Assuming a firrh has this short-run production data below, do the following: a. fill-in the rest of…

A: We have given the value of the total and marginal products at the various combinations of the fixed…

Q: A pure monopolist is selling six units at a price of $12. If the marginal revenue of the seventh…

A: Price = $12 per unit till 6 units Q = 6 units Marginal revenue of 7th item = $5   To find: Price of…

Q: 2. The Daisy-land's economy is described as follows: Y=C+I+G; Y=10,000; G=2,000; T-3,000;…

A: Private saving is the total amount of savings done by the private (financial and non-financial)…

Q: Firm 1 and Firm 2 are Stackelberg competitors. Firm 1 is the leader and Firm 2 is the follower. They…

A: Stackelberg is a sequential game. The leader chooses their quantity based on what the follower…

Q: The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour…

A: Benefit - Cost Ratio = PV of Total Benefits PV of Total Cost  In the above example ,  Benefits are…

Q: A company is considering two pieces of equipment. Equipment A has a first cost of $80,000, AOC of…

A: The Annual Worth method is often used when comparing alternatives. As per annual worth, all receipts…

Q: Consider the following pure exchange economy with different consumer pref- erences and endowments…

A: 1 .) Edgeworth box is a representation of 2 consumer exchange economy , which consists of the axis…

Q: There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have…

A: Consumer surplus is the discrepancy between the price a consumer is willing to pay and the price he…

Q: The following national accounting data are available for an economy for 2020. GDP Household…

A: National savings is the total savings of an economy which includes the savings of households,…

Q: The State of Chiapas, Mexico, decided to fund a program for improving reading skills in elementary…

A: Ans Solution

Q: In the below figure, a consumer is initially in equilibrium at point C. The consumer's income is…

A: Indifference curves are defiend as the locus of all the points with equal level of satisfaction.…

Q: Consider a used car market where buyers cannot observe the car's true quality until after purchase…

A: Adverse Selection is defined as a situation in a market that occurs when either the seller or the…

Q: ts; customer-value perceptions sts; fixed costs customer-value perceptions perceptions of value;…

A: A price ceiling is an administration or group forced value control, or cutoff, on how high a cost is…

Q: Which of the following would most likely be included in the positive side of the U.S. current…

A: The question given relates to the balance of payment(BOP) which means systematic record of economic…

Q: The substitution effect implies that as the price of a substitute good. (a) increases; decreases (b)…

A: Goods are substitutes when only one of them is considered at a time.

Q: F9

A: Substitute goods are those goods that are consumed in place of each other. For example, Pepsi and…

Q: Provide a Thorough Explanation and examples of the below as it relates to Jamaica politics. a.…

A: The Queen, with the discussion with Prime Minister, appoints a governor-general as her…

Q: Assuming a firm has this short-run production data below, do the following: a. fill-in the rest of…

A: MPL=∆TP∆LAPL =TPLTFC = Php2000 x KTVC = Php 700 x LTC = TFC + TVCMC =  ∆TC∆QAFC = TFCQAVC = TVCQATC…

Q: Final score 0.15 technique? Choose the correct answer below 0.86

A: Attributes           Rank             weight(a)    Suv1      Suv 2 Price                          4…

Q: The following data are taken from a United States Department of Agriculture (USDA) report for the…

A: Market: It refers to a place where goods and services are available. The market sells goods and…

Q: What is the future worth of these payments for 16 years if interest is 9% in the first year and…

A: The future value if the compounding is done annually is:  FV = P (1 + R)t R : Interest rate PA…

Q: Economics A company sells apples. Annual demand is 20,000, the order cost is $150.00 and the holding…

A:

Q: Click and drag one of endpoints of the line in the figure to rotate in the appropriate direction

A: As seen in the figure below, a less elasticity demand curve indicates that a rise in price will have…

Q: a) Alex spends all his money on jeans and shirts. His utility function is given: U(X₁, Xs)=XjXs² The…

A: Utility refers to the satisfaction attained from the consumption of the good. The aim of a rational…

Q: Describe the concept of price elasticity? Why it is for a monopoly less profitable to act in markets…

A: Neoclassical economic theory places a high value on the concept of elasticity, which aids in the…

Q: QUESTION 15 Firm 1 and Firm 2 are Cournot competitors. They have cost functions Cost1=4Q1 Cost2=4Q2…

A: As given Cost function is Cost1 = 4Q1 Cost2 = 4Q2 Demand function is QD = 35 - 0.5p Rewrite the…

Q: The first step to gain and sustain a competitive advantage is to Select one: A. develop functional…

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

Q: Required information 50 40 30 20 10 25 65 10 20 30 40 50 60 70 80 90 Hot Dogs/hour 4 When Bill's…

A: Moving from one production point to another means, producing 10 less burgers and 40 more hot dogs.…

Q: The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising…

A: Price per serving of pasta (P) = 55 cents or $0.55 Cost of pasta per serving = 17 cents or $0.17…

Q: A drug dealer knows whether his supply is high quality (@ = H), mediocre (@ = M), or low quality (@…

A: According to the probable structure of the differentiation and the classification of the quality in…

Q: $40 $75 $105 $220 1600 $300 $300 $300 $300 $300 $300 $300 1300 1300 $300 $100 $100 $100 $100 $100…

A: Here, Q quantity  VC variable cost  FC fixed cost TC total cost  MC marginal cost  MR marginal…

Q: Perform an after-tax cash flow analysis on the following data on the replacement of an old equipment…

A: Given information , Initial Investment: 500,000Useful life: 5 yearsTerminal Value: 50,000Annual…

Q: The division of a tax burden between Consumers and Producers is known as Tax IncidenceProducers bear…

A: Tax incidence refers to the ratio and the manner according to which tax is being divided among the…

Q: If ERR > MARR, then IRR > ERR > MARR. A True B) False

A: In economics, IRR refers to internal rate of return, ERR refers to external rate of return, and MARR…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.