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Q: Why do firms have an incentive to price discriminate?

A: The market power refers to the control of an entity over the market. The market power in some cases ...

Q: Upon graduating with an accounting degree, you open your own accounting firm of which you and your a...

A: Total revenue=$120,000 Cost=50000+30000=80,000  

Q: MC ATC 50 40 AVC E 30 20 10 8 Quantity (per day) 5 10 11 12 a. If the price in this market is $50, f...

A: The perfectly competitive is the type of market structure where there are large number of buyers and...

Q: Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000...

A: Explicit costs are the expenditures incurred by an individual or a business out of its own pockets. ...

Q: If the real growth of money interest rate for the past year has been 4% and the general inflation ha...

A: Given: Nominal rate = 4% Inflation rate = 2.5%

Q: If a fixed quantity of a good is available, and no more can be made, what is the price elasticity of...

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

Q: Please awnser following question please bear in mind that there can be more than one right awnser.

A: Gross domestic product (GDP) is the total market value of the final goods and services that are manu...

Q: Question 24.24  Variable costs are                 sunk costs.        costs that change every day.  ...

A: Variable costs are those costs that change in proportion to the level of production. This implies va...

Q: Anna recently graduated from college with a degree in electrical engineering, but she has not yet st...

A: If someone does not look for work for any amount of time,then that person would be counted as unempl...

Q: Labor force participation rate 60%, Population (assume everyone is over 16 years of age, civilian, n...

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and lo...

Q: When a foreign business or individual comes to Canada and buys Canadian goods and services explain t...

A: Change in the monetary value of domestic currency against the foreign currency is known as Depreciat...

Q: 1. Units of labor at which the marginal product of labor reaches its maximum. 2. Units of labor at w...

A: Total Product is the total volume or amount of final output being produced by a firm in a given peri...

Q: GDP per 1980 сapta, current 1981 1982 1983 prices (U.S. dollars per сapita) Advanced 10277.37110358....

A: The given data shows the GDP per capita of Advanced economies and developing economies. The data sho...

Q: The table gives the demand and supply schedules of teenage labor.                               ...

A: Since you have posted multiple questions, first three questions have been answered for you. If you w...

Q: Draw a demand curve and describe the external factors thatdetermine demand.

A: Demand curve shows the negative price and quantity relationship for a commodity.  As price increases...

Q: Give an Example how a change in opportunity cost can effect behavior.

A: Opportunity cost: - opportunity cost is a forgone benefit which we could have earned by applying all...

Q: Stuck on this question for hours. Not sure on the solution. Question in image. Thanks for your help ...

A: Answer: Given, Demand function: QP=93-7P10 To find: Price at which the consumer expenditure will be ...

Q: PLease explain resondes and please help me solve, where should th problem begin .

A: To solve this question, You should draw a production limit line parallel to Y axis. By doing this yo...

Q: Compare and contrast Measuring GDP using the Income Approach vs Measuring GDP using the Expenditure ...

A: GDP refers to the value of final goods and services produced in the domestic territory in the given ...

Q: 10) Find the marginal and average functions for the following total functions and graph the results....

A: Given, Total cost function: C=3Q2+7Q+12Total revenue function: R = 10Q - Q2Total product function: q...

Q: Economics Question

A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Hello, can you explain how I’m supposed to figure this out? How am I supposed to know which Qs and Q...

A: The shortage is the situation when the quantity demanded will be higher than the quantity supplied i...

Q: Consider the market for meekers in the imaginary economy of Meekertown. In the absence of internatio...

A: Free trade refers to the exchange of goods and services between the two countries without government...

Q: Page 550 1. Suppose that annual output in year 1 in a 3-good economy is 3 quarts of ice cream, 1 bot...

A: GDP is the value of total output produced in a economy in an accounting year withing the boundary of...

Q: Why does a recession cause a trade deficit to increase?

A: A recession is a situation that curbs the economy and follows a downturn to the economic growth and ...

Q: Define returns to scale and its implications for production decisions.

A: Production decisions refer to the decisions made by the producers which accounts for the level of in...

Q: When the central bank lowers the reserve requirement on deposits: a) the money supply increases and ...

A: Central bank is the principal bank of a country. It regulates and supervises the activities of the c...

Q: Compare and contrast Nominal GDP vs Real GDP.

A: In an economy, different goods and services are manufactured by different productive units during on...

Q: the limitations of capital accumulation, and how it leaves a significant part ofeconomic growth unex...

A: The capital accumulation implies the increase in the amount of capital in a nation which leads to in...

Q: recycler to open up a plant in town. How many days per week should the county open each center to mi...

A: The equations are as follows: min C = 40x+50ySubject to constraints:140x+100y≥1540or 7x+5y≥77..........

Q: What is the meaning of ‘acceptable loss’ for a perfectly competitive firm ?Draw a graph and explain.

A:

Q: Suppose Gregg consumes chocolate candy bars and oranges. He is given four candy bars and three orang...

A: Income is the amount of money an individual have to spend the goods and services he/she wants. The i...

Q: a) What is the equilibrium price? What is the equilibrium quantity? Explain your answer b) At P1, is...

A: The quantity purchased by all market participants is market demand.The quantity of a good that produ...

Q: Why do the demand and marginal revenue curves coincide?

A: The marginal revenue curve is a horizontal line at the market price which implies perfectly elastic ...

Q: _____1. It is the wise use of money and time a) Economics c) Goods and services b) Probability d) No...

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

Q: Process X is estimated to have a fixed cost of $40,000 per year and a variable cost of $60 per unit ...

A: Given: Process X is estimated to have a fixed cost of = $40,000 per year Process X is estimated to h...

Q: It has been proposed that natural monopolists should be allowed to determine their profit-maximizing...

A: A natural monopoly occurs when there are high fixed costs included in production. The profit-maximiz...

Q: What are the implications of slow adoption of modern technology on the national economy?

A: Technology refers to the improvement of an economy in terms of the technical aspects or the innovati...

Q: Supply & Demand In demand (and supply) problems, y is the number of items the public will buy if the...

A: Given, the price and consumers willingness to buy: When the price is $14, consumer willingness to bu...

Q: Explain details

A: "Since you have posted multiple questions, I can only answer the first question, rest you need to po...

Q: (a) Explain Implicit and Explicit cost with the help of suitable example?

A: Explicit (accounting) cost is the actual costs incurred (and paid). For example, wages and salaries ...

Q: Suppose initially that the United States is consuming 4 boots and 8 shirts and Canada is consuming 1...

A: US consumes 4 boots and 8 shirts. Canada consumes 18 boots and 2 shirts. US can produce either 24 sh...

Q: Graph represents the cost structure of an individual firm in a perfectly competitive market. If the ...

A: A competitive market has numerous number of firms and buyers interplaying with each other for To the...

Q: Assume that 100 Apples cost 100 Liras Today. You have Invested your 500 TL with 1,5% monthly rate of...

A: Future value = present value*(1 + rate of interest)^number of years

Q: What is meant by technological advance, as broadly defined? How does technological advance enter int...

A: The discovery of new and improved methods of manufacturing products refers to technical advances. Ad...

Q: (a) Explain Implicit and Explicit cost with the help of suitable example?(b) Some producers do not s...

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

Q: Which are the following are short-run and which are the long-run adjustment? Explain with the help o...

A: The long-run is the situation when there are no fixed factors (every factor is considered as a varia...

Q: (a) Which degree of price discrimination may cause favor for the consumer rather than producer? Expl...

A: In order to maximize profits, a monopolist indulges in the practice of charging different prices to ...

Q: Table 5-2 Price Quantity| $100 o $80 10 $60 20 $40 $20 $0 30 40 50 Refer to Table 5-2. Using the mid...

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

Q: From California to New York, legislative bodies across the United States are considering eliminating...

A:   International trade refers to the exchange of goods and services in the international market that ...