Question 3 Which of the following is NOT an example of a barrier to entry? Group of answer choices A musician obtains a copyright for her original song. An entrepreneur opens a popular new restaurant. A pharmaceutical company obtains a patent for a specific high blood pressure medication. Mighty Mitch’s Mining Company owns a unique plot of land in Tanzania, under which lies the only large deposit of Tanzanite in the world.

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A: n = 10 years r = 5%

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A: Step 1  A minimum pay permitted by law is the most reduced compensation that businesses can…

Q: B. Consider a firm who sells output at p=10 and has a short run production function Q(L)=20L-L². Its…

A:

Q: Give an explanation to the answer and ensure all the steps are shown.

A: Given:

Q: 4. Suppose an economy is described by the aggregate demand curve: M Y = 2000 +1.25 * G+2.5* P If Y*…

A: Potential GDP = 6000 for given G=1200 and P=1 Y is a function of G, P and M

Q: GDP deflator in 2011 and in 2012 from the preceding year.

A:

Q: If the price elasticity of demand for gasoline is 0.3, and the current price is $1.20 per gallon,…

A: Demand equations are estimated by means of the consumption analysis of a consumer and we can do this…

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A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: For each of the utility functions below derive the own-price demand functions for x₁ and x2. The…

A: In this question:- (a) ux1,x2=min2x1,x2or 2x1=x2or x1=3P1or x2=3P2or 2x1=3P2or x1=32P2 (b)…

Q: Question 25 One of the potential problems, among others, by implementing marketable pollution…

A: When talking about marketable pollution permits, it is the government implemented program to limit…

Q: Refer to the accompanying table. Corey's opportunity cost of making of a pizza is delivering Pizzas…

A: Opportunity cost refers to the next best alternative forgone.

Q: A project has an initial cost of $50 000, net annual cash inflows of $20 000, and a $2 000 salvage…

A: The external rate of return (ERR) refers to the rate of return on a project in which any "extra"…

Q: How does democracy promote development

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: The estimated capital investment and the annual expenses) for four alternative designs of a…

A:

Q: What is inflation ? Briefly explain the costs of inflation . Use your outlined cost of inflation…

A: The expenses that are being incurred for carrying out day to day transactions of a business or…

Q: Consider a lottery with three possible outcomes: $120 with probability 0.3, $80 with probability 0.2…

A: Given:- Three possible outcomes:$120 with probability 0.3$80 with probability 0.2$50 with…

Q: Which of these is a weakness of the Paris Accord O No binding emissions reduction targets were…

A: The Paris Climate Agreement fills a stunningly fundamental need: requesting that nations moderate…

Q: Why junk food is a demerit good

A: A demerit good is defined as one which has harmful effects on the consumers but these effects are…

Q: if a product moves from being monopolistic to a monopoly will the demand for the industry decrease?…

A: If a product moves from monopolistic to monopoly , it means the number of firms in the industry gets…

Q: in new equipment will e can be sold for an estimated $8000. What is the rate of return of the error…

A: *Answer:

Q: Exercise: Show that it is better to be in collusion, than in cournot, than in competition.

A: Main features of collusion and competition under Cournot: Collusion refers to when two firms in the…

Q: Bruno Corporation is involved in the business of injection molding of plastics. It is considering…

A: IRR stands for Internal Rate of Return which refers that which helps in represent the financial…

Q: Product differentiation is a monopolistic competition or what??? And why?

A: Monopolistic competition is a market structure in which there are a huge number of product sellers.…

Q: Explain the characteristics monopoly, oligopoly, monopolistic and perfect competition markets

A: The number of firms in a market, the similarity of the products they sell, and the ease of entering…

Q: How do countries in the region respond economically and politically to globalization?

A: Globalization is the rapid movement of people, goods, and services around the world, as well as…

Q: Soft selling occurs when a buyer is skeptical of the usefulness of a product and the seller offers…

A: Given A sales representative is trying to sales company, a new accounting system that will reduce…

Q: Global Exports prefers payments in advance, while Worldly Imports dislikes making payments in…

A: Answer -

Q: For each prompt below, carefully and thoroughly follow the directions. For the graphs, be certain to…

A: Aggregate demand  Aggregate demand represents the overall demand in the economy at various levels of…

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Q: You need to hire some new employees to staff your startup venture. You know that potential employees…

A: The expected value of hiring: Expected value of hiring = 0.1 35000 + 46000 +…

Q: 9. Consider the following firms, and assume that Hong Kong is our domestic economy. Foreign Car…

A: Answer   GDP = It is the sum of all the products and services produced in a country in a year. GNP =…

Q: How utility is related to form utility?

A: Utility and Form utility are related as Utility is  mainly of four kinds.

Q: True or False ? Why ? In the long run, Betty’s factory produces 10,000 widgets with cost-minimizing…

A: Production Equilibrium is where Slope of isoquant is equal to the slope of  iso cost curve .  Or…

Q: Suppose that for given labour market conditions, worker bargaining power throughout the economy…

A: The labor demand curve shows the inverse relationship between the wage rate and the quantity of…

Q: balance. Support

A: *Answer:  Balance of trade is the difference between exports and imports of goods and services. It…

Q: Assume that the economy is in a recessionary (deflationary) gap and there is unemployment of labour.…

A: New Classical approach Unanticipated policy changes are the only ones that cause changes in real…

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A: GDP estimates the market value of an economy's final products and services generated over a certain…

Q: Choose the most economical alternative in disposing non-hazardous chemical sludge using (a) PW…

A: i=12%

Q: (b) Use the IS-LM model to illustrate graphically the final impact of the reduction in government…

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A: A B C D E Capital Investment 12000 12500 14400 20000 16250 Net Annual Income 2500 2520 3050…

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Q: Economics What are games in sequence? Give explain each sequential type of games with: a) Game in…

A: Since you have posted a question with multiple sub–parts, we will solve the first three sub-parts…

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A: Given the number of years = 9 years Interest rate = 6% Annual payment = $100 First year return  =…

Q: Find an example where an ernational Risk is realized. Describ what happened, how the issue was…

A: Business engaged with global exchange need to bargain with risks locally as well as other business…

Q: Use the IS-LM model to illustrate graphically the final impact of the reduction in government…

A: IS LM model shows the two markets are in equilibrium simultaneously. One is goods market which is…

Q: - A monopolist has variable costs of VC = q² and faces a demand curve of P = 24- q, where P is price…

A: Price discrimination means charging different price of same goods from different consumer.  There…

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A: Answer -   Elasticity of supply = Elasticity of supply is tool which help evaluate the change in…

Q: How to measure PRODUCT DIFFERENTIATION in FOOD AND BEVERAGES INDUSTRY?

A: Answer-

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A: Monetary policy is conducted by the central bank of the country in order to control the money…

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A: Oil sands, also known as tar sands, are a type of sand and rock that contains crude bitumen, a…