Question 4 Because natural monopolies have a declining average cost curve over very large quantities, regulating natural monopolies by setting price equal to marginal cost would... Group of answer choices maximize producer surplus. result in a less than optimal total surplus. cause the monopolist to operate at a loss. result in higher profits for the monopoly.

Q: At 10% interest rate, how much should you invest today to be able to withdraw php 10,000 annualy for…

A: Here, given information is: Interest rate (i): 10% Time period (N): 10 Annual withdrawal (A): php…

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A: The structure that depicts the classification and differentiation of industries based on nature and…

Q: Assume the following model of the economy C = 60 + 0.75(Y – T) I = 45 – 5r G = 40 and T = 40 M$ =…

A: IS - LM curves refers that investment savings-liquidity preference-money supply , these curves show…

Q: c. Now suppose a minimum wage is legislated at a level higher than W*, i.e. WMIN>W*. Show it in the…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: After two years of suspension, this 2022 the National Cheese and Wine Fair returns, which will take…

A: If the firm/farmer/producer takes the prices as given, which are determined by the market, then it…

Q: The demand for a monopolist’s output is 6,000/(p + 4)2, where p is the price it charges. At a price…

A: the elasticity of demand is one in which the adjustment of the quantity demanded because of an…

Q: Exercise 3 Use a model for the household's trade-off between consumption and leisure to answer the…

A: A higher wage means more money, and since leisure is a normal good, demand for it will rise. As a…

Q: Calculate what the federal funds rate should be using the Taylor Rule

A: Using Taylor's rule, when the equilibrium real federal funds rate is 2 percent, the positive output…

Q: At a baseball game, why do baseball players make so much money while the hot dog vendor makes so…

A: Baseball game is a game playing between two opposite teams . Its very famous game and thats why…

Q: Question 7 As competitors enter a monopolistically competitive industry, the incumbent firms'…

A: "Monopolistically competitive industry have firms which offer commodities or services which are…

Q: Explain the technique of constrained optimization in relation to utility functions and how it…

A:

Q: Which of the following statements regarding fiscal policy is correct? Select one: a. Expansionary…

A: Recession is a time period in the economy when there is a continuous fall in the output.

Q: Rand's remarkable resilience inflicts pain on its doubters  The rand seems to no longer follow the…

A: Exchange rate: The exchange rate of an economy is the rate at which the local currency's value is…

Q: Sukject Econometric Discuss how dum vasiable com be used to test (a) intescept ce2 changes and slope…

A: The link between two or more variables is investigated using regression analysis. The regression…

Q: QUESTION 26 You are facing a problem with one of your contractors, and you didn't reach an agreement…

A: At the marketplace, when two parties are trying to make a deal, they negotiate with each other to…

Q: With the aid of examples, discuss any two labour market discrimination theories and any four reasons…

A: Neoclassical labour market discrimination: Profit-maximizing considerations by competitive…

Q: Crowding out can be avoided temporarily if the goverment's debt is internationalized. 1. True 2.…

A: The government raises the fund to finance its welfare activities. The rise in the debt of government…

Q: Under the doctrine of promissory estoppel, a promise must: Group of answer choices A.Include…

A: Doctrine of promissory estoppel:- Promissory estoppel is explained as a notion in contract law…

Q: The lot of M is located near the market of Purok 2. M was in need of money so instead of selling the…

A: Answer -

Q: A 5 percent fall in the unemployment rate will lead to a 2 percent increase in the inflation rate"…

A: Positive economics are those statements that are based on facts, actual data, and empirical…

Q: PROBLEM-4: $200 million will be paid initially for a highway leased for 40 years. The highway will…

A: Given information Initial investment=$200 M Service cost=$2.5 M excluding year of maintenance and…

Q: please solve 4 and 5

A: From the given table, the minimum of the average total cost is 9, and given that the minimum of…

Q: Variable Total Average Fixed Cost Average Variable Cost Average Total Cost Total Product Fixed Cost…

A: As per the question, land is fixed input and labor is the variable input in production of good A.…

Q: (a) Some argue that excessive disposal of waste/litter in international waters occurs due to poorly…

A: Development along with the environment protection in order to keep the resources for next generation…

Q: 3. The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 +…

A: Given information Supply function P=15+0.1X+0.003X2 Demand function P=M-Nx

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A: Consumers are acutely aware of rising gasoline prices. Because of this, rising fuel prices (rather…

Q: Describe some of the trade-offs faced by each of the following: d. a professor deciding how much to…

A: A trade-off occurs when one must forego a certain number of goods or services in exchange for…

Q: 1. True or False a. A housing voucher is a form of unconditional transfer. b. Rent control will…

A: A number of economic security programs like, social security, food assistance, tax credit and…

Q: Find Muriel’s and Edgar’s opportunity cost of producing scarves in terms of hats. Who has a…

A: 20. D) In 30 hours, Muriel can knit 6 hats or 4 scarves and Edgar can knit 3 hats or 5 scarves.…

Q: Author claims, “The pandemic was unexpected shock. Climate change and climate policy are known…

A: The aggregate demand curve shows the inverse relationship between the price level and the total…

Q: Question 13 Refer to Figure 6-1 What are total costs for Dough!, given that it maximize profits?…

A: "A monopoly firm maximizes profit when marginal revenue (MR) intersects marginal cost (MC)."

Q: Expenditures for office supplies, electricity, and internet connection are part of Fixed Costs

A: Cost refers to the total expenses that incur in a process of production of goods and services.

Q: 3. Explain the following questions about The Beckmann Model Outline Beckmanns model of spatial…

A: The spatial monopoly model developed by Beckmann When it comes to the structure of the market,…

Q: Part 1 A firm produces output (y) using two inputs, labor (L) and capital (K), according to the…

A: 1. The isoquant will be, L0.25K0.75=c (1). Slope of this firm's isoquant is equal to dKdL at…

Q: A firm has the following average variable cost equation. AVC = 60 – 15Q+ Q2 And the average total…

A: Average total cost is the sum of average variable cost and average fixed cost i.e., ATC = AVC + AFC…

Q: Question 3 Carl and Simon are two pumpkin growers who are the only sellers of pumpkins at the…

A: Profit maximization is the process of ensuring the optimal production and pricing levels are…

Q: (1) Patricia owns a cleaning business with Sarah. They both have other jobs and are trying to…

A: As per the guidelines answer is given to the first question i.e. (1): (1) "A payoff matrix in game…

Q: What is an appropriate role for city government in creating affordable housing in cities like…

A: The most immediate way the state government could assuage lodging cost troubles on low-pay families…

Q: Price of TextilesQuantity of TextilesDemand   Supply   PWPW+TABCDEFGQS,1QS,2QD,2QD,1   Having…

A: As we know, with a consumption tax equivalent to a tariff the demand curve will shift downwards by…

Q: True or false? Basic economic concepts can be used to understand the pricing of products.

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: Mr. Ward and Mrs. Ward typically vote oppositely in elections, so their votes “cancel each other…

A: Given:- Mr ward and Mrs ward gain=10 units of utility [Vote for their position] Mr ward and Mrs ward…

Q: for product X. Eq. 1 Eq. 2 Qdx = 65,000 – 11.25P; + 15P, – 3.75/ +7.5A Qsx = 7,500 + 14.25PX – 15P,…

A: We are going to solve these questions using partic derivative techniques

Q: The following graph shows the price, marginal cost and average cost curves for a t RM MC 15 ATC AVC…

A: The equilibrium occurs where the P=MC.

Q: A monopolistically competitive industry is characterized by... Group of answer choices many firms…

A: Monopolistic competition occurs when multiple enterprises offer similar (but not identical) products…

Q: The peak of the Total Product curve relates that a. Maximum output of production b. Maximum…

A: "Marginal product indicates additional output produced when one more unit of variable input is…

Q: According to the Resource-Based View, which of the following is most likely to result in sustainable…

A: The answer is - Access to tangible resources that are currently producing significant value.

Q: The oversupply of bananas in Mexico, which is recorded in the months of September and October,…

A: The increase in income that occurs from the sale of one more unit of production is known as marginal…

Q: Jay has opened a pizza restaurant. For this restaurant there are only two inputs, rent, and workers.…

A: Cost refers to the total expenses that incur in process of production of goods and services by a…

Q: Assume a monopoly firm is considering the production of two brands, 1 and 2. Marginal cost is…

A: A monopoly market refers to the market in which there is a single firm that sells a homogeneous…

Q: 10. Which of the following statements are true about a social enterprise? Group of answer choices…

A: A social enterprise, often known as a social business, is a company that has specified social goals…