Q: Who is responsible for our current Tragedy of the Commons?
A: A condition known as the "Tragedy of the Commons" happens when individuals, acting in their…
Q: Total cost is 1200.output is 20.fixed cost is 1000.what is variable cost?
A: The concept of total cost is used in practically all business units. The main advantage of using the…
Q: Evaluate the statement. GDP does not provide the welfare of the economy.
A: Gross Domestic Product, or GDP, is the sum of the financial values of all the goods and services…
Q: Which of the following descriptions of government revenue is correct? Check all that apply.…
A: The term "government revenue" describes the sums of money that the government receives from a…
Q: While management must negotiate the effects on workers of a decision to close a plant, the decision…
A: Bargaining, in the context of labor relations, refers to the process of negotiation between…
Q: Assume in the economy there are only lump-sum tax and that there is no progressive tax rate (i.e.…
A: Income tax is the tax levied on income. Lump sum tax is the tax which is a constant value and…
Q: three examples of what economists might consider "good" monopolies throughout history. Why were they…
A: A monopoly is a market arrangement where one company or other organization controls the production…
Q: Find the value of Pand F in the cash flow diagram. Use uniform series capital recovery factor &…
A: Uniform series capital recovery factor : (P/A , i% , n ) Where ,i = interest rate , n = number of…
Q: Apply the application of comparative advantage between the india and US. Using an example.
A: Competitive advantage is an economic idea that implies that a country should specialise in producing…
Q: A monopolist is producing at a point at which marginal cost exceeds marginal revenue. How should it…
A: A monopolist is a firm that has either a natural or legal monopoly in the market in which it…
Q: To open a business in Ottawa, Uros needed to move his things from Toronto. Renting a truck costs him…
A: Explicit costs are the monetary expenses incurred to run a business. Implicit costs are the…
Q: Consider the imaginary economy of Meekerton and the market for meekies, a hypothetical good. Without…
A: International trade refers to the exchange of goods and services between different countries of the…
Q: A profit-maximizing monopoly has two plants that it can use to produce its goods. The inverse demand…
A: Profit maximizing quantity is where marginal revenue equals marginal cost. So, we need to first…
Q: Using Incremental with EUAW analysis find the best alternative, MARR = %10. should use Excel and…
A: MARR = 10% Data points are as follows -
Q: No written by hand solution Manager of a computer company plans to spend on new hardware $1.0…
A: Cash flow in economics refers to the movement of money in and out of a business or individual's…
Q: Question 2 Consider the same soda can manufacturer, with the same production function as in the…
A: The production function is Q(K , L) = 10KL (a) At w = 15, r = 150 then the cost equation is,…
Q: Give 10 examples per each about MICE tourism.
A: MICE tourism refers to the travel activities that are related to meetings, incentives, conferences,…
Q: As part of Budget 2018, the Government of Canada introduced the Canada Workers Benefit (CWB) that…
A: As a part of budget 2018, the government of Canada introduced the Canada Workers Benefit (CWB). CWB…
Q: Exercise A.6. Mr Smith has a monopoly on housing rentals in a small township. The inverse rental…
A: The demand function is the mathematical relationship between quantity and price. It represents the…
Q: Consider a small country that is closed to trade, so its net exports are equal to zero. The…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three questions for…
Q: For all questions be sure to explain your answers and to use graphs whenever appropriate. 1.…
A: a. If there is a fall in world price of shoes then, there would be increase in production of the…
Q: In 1983, Motorola accounted for seventy five percent of the mobile phone market. But by 2019, its…
A: A market achieves equilibrium at a point where the demand and supply curves intersect with each…
Q: Consider a world with only two countries (i.e., two large open economies), the home country and the…
A: Home CountryCd = 400 + 0.5(Y-T) - 100rwId = 300 - 100rwY = 2000T = 250G = 300Foreign CountryCd = 200…
Q: Covid-19 global economic pandemic has negatively affected economies as a whole at the global,…
A: The pandemic led to a reduction in economic activity, job losses, and a decline in consumer…
Q: You have been hired as a consultant to a new startup firm to help decide which of three options to…
A: Net Present Value Present worth (PW) is the computation of the current value of a future sum of…
Q: In the Saul model, if the per capita production function is y=k^0.7, the savings rate is 0.2, and…
A: The steady state level is reached where the per capita variables such as output per worker, capital…
Q: Measuring a Nation's Income Why does Total Income-Total Expenditure? Which component of GDP is the…
A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: If there were 30 firms in this market, the short-run equilibrium price of ruthenium would be $ would…
A: The competitive market would result in the equilibrium when the price would be equal to the marginal…
Q: How long will it take for an investment with an annual rate of return of 6% compounded annually to…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: What lump sum of money must be deposited in a bank account at present time so that Php 500 per…
A: Given: Monthly withdrawal amount=Php 500 Number of years=5 First withdrawal scheduled= 6 years from…
Q: You have 6 hours to study for 2 exams tomorrow. The relationship between the time studying and test…
A: Utility means satisfaction. A rationaal consumer will consume where the marginal utility is…
Q: Explain the differences between the supply and demand curves of a firm in perfect competition and a…
A: Perfect competition and Monopoly: Under PC, many sellers producing homogeneous products altogether…
Q: Sophia is a contestant on a game show and has selected the prize that lies behind door number 3. The…
A: The Monty Hall problem is a classic probability puzzle. In this problem, the player is asked to…
Q: Price 160 150 140 130 120 110 100 90 8828 80 70 60 50 40 30 20 10 0 Steel Market 3 3 2 2 3 3 538 200…
A: Business operations are the acts and procedures that companies use to produce commodities and…
Q: Consider a market with two firms and a demand function p = 1 - Q. Note the price and quantity cannot…
A: Given that; The demand function for the market is given by p=1-Q, where p is the price and Q is the…
Q: Suppose the world price of tobacco falls significantly. The demand for labor among tobacco-producing…
A: A person who is able and ready to work finds themselves unemployed when they are unable to obtain…
Q: CENGAGE MINDTAP Homework #6 (Ch 10 & 11) Consider the market for electric cars. Suppose that a…
A: The given information states that there is a negative externality. The difference between private…
Q: A movement along the demand curve, represented by points A and B, is shown in the diagram to the…
A: Price elasticity of demand measures the responsiveness of change in quantity demand to change in…
Q: Select all facts about convergence between 1960 and 2017? 0 If things continue as in the 1960-2017…
A: The facts about convergence between 1960 and 2017 are: Overall, we observe convergence in the…
Q: Suppose in a perfectly competitive industry that the market supply and demand forces combine to…
A: A perfectly competitive firm produces at P = MC in the short run. A perfectly competitive firm shut…
Q: Exhibit 15-7 Personal consumption expenditures Interest Corporate profits Government spending…
A: One of the broad indicators of a country's economic development is national income. It more properly…
Q: government is running a budget balance of zero when it decides to increase national defense spending…
A: The demand for loanable funds is the amount of money borrowers are willing to borrow at different…
Q: P Quantity Demanded (in kgs) 100 90 80 70 1. Plot and graph the data on the supply curve. 60 50 40 P…
A: The demand means the quantities of a commodity that buyers will be willing and able to purchase at…
Q: In macroeconomics... The 17 Sustainable Development Goals.... give examples with explanation
A: The 17 Sustainable Development Goals (SDGs) were established by the United Nations to promote…
Q: The law of diminishing marginal utility helps to explain the direct relationship between price and…
A: Utility means satisfaction. Utility is maximized where the marginal utility per dollar of one good…
Q: Justify the statement. True/False An advancement of technology leads to a boost in the economic…
A: Technology is said to advance when new methods, tools, or procedures are created and put into use to…
Q: The market for smart phone applications is characterized by the following demand and supply curves.…
A: Given, Demand: QD=D(P)=15-3P Supply: QS=S(P)=5+10P
Q: 1) Assume two firms with the same constant average and marginal cost, AC = MC = 12, facing the…
A: Introduction According to the economic theory of Cournot competition, competing enterprises decide…
Q: Mark earns $18,000 a month as a physician. He becomes disabled under an own occupation definition…
A: In disability insurance contracts, there is a language known as a wages clause that details the…
Q: Taxes on specific types of business activity panama Grupomerica Full explain this question very…
A: A tax is a mandatory financial charge or levy that the government imposes on citizens or…
show the complete solution for
Marginal profit = d(Profit)/dQ
which is = 1.8Q - 0.12Q2 - 6
Step by step
Solved in 2 steps
- True or False: Employee compensation in the form of health insurance is currently subject to personal taxation, making it less desirable for people to get health insurance provided by their employer and more desirable for them to purchase it from a private insurance company.List any three cases of market failureat point b) - The formula written down when MC is equated with MR is d(P x Q) / dQ. Then in the next step, dQ is cut down and only P is left. Shouldn't dP be left here?
- define and explain the importance of adverse selectionArbitration is the oldest, but not the most popular, form of ADR. True or False?Which of the following best describes contributory negligence? a. Party A and Party B are at fault. The victim (Party C) can sue both of them at once. b. Party A and Party B are at fault. The victim (Party C) can sue either of them separately. c. Party A is at fault and so is the victim (Party B). Party A is not liable. d. Party A is at fault and so is the victim (Party B). The parties bear cost in proportion to their negligence.
- Researchers in Westland and Eastland are developing better treatments for lycanthropy, which afflicts no other region in the world. Inhabitants of both countries benefit from better treatments regardless of which country conducts the research. The country specific marginal benefit from the research differs, however, due to differing prevalence of the disease as well as different trade-offs with respect to other potential uses of resources. In Westland the marginal benefit at Q researcher-years is P d W (Q) = 96 − 12Q and in Eastland P d E(Q) = 60 − 10Q, where the benefit is measured in Large Monetary Units (LMU). The cost of a researcher-year is a constant 20 LMUs in both countries. (a) What is the efficient amount of research? (b) Suppose one of the countries jumps ahead and commits to provide exactly half of the efficient amount in part 3a. Taking this as given, how much will the other country then provide? Consider both cases of either Westland or Eastland being the first mover. (c)…Using the marginal benefit/marginal cost rule, what is the optimal population for screening?Indicate whether the statement is true or false, and justify your answer.Medical arms races, since they are a form of private competition, lead to socially optimal levels of technology acquisition by hospitals.
- Use supply and demand concepts to explain why the American Medical Association finds it beneficial to require more strict standards for entrance to medical schoolsHealth maintenance organizations (HMOs): A. are based on the traditional fee-for-service system of paying physicians.B. charge a fixed amount per member, hire many of their own physicians, and provide health services only to members.C. are also known as preferred provider organizations.D. are illegal in several states.Answer asap please Suppose that a special interest group makes up 10% of the overall population. If a new proposal stands to generate $2 million in additional benefits to the group, the group will: Group of answer choices always support this proposal, since the costs are diffused over the entire population. never support this proposal if the costs are greater than $2 million. support this proposal only if the costs are less than $2 million. support this proposal only if the costs are less than $200,000.
