Suppose a perfectly competitive industry turns into a monopoly but the cost structures remain the same. What are the welfare implications of this change? Katakan industri persaingan sempurna beralih menjadi monopoli tetapi struktur kosnya adalah tetap sama. Apakah implikasi kebajikan daripada perubahan ini? a. Producer surplus increase, consumer surplus decrease, and welfare gain occurs. Lebihan pengeluar meningkat, lebihan pengguna berkurangan, dan keuntungan kebajikan berlaku. b. Producer surplus decrease, consumer surplus increase, and welfare gain occurs. Lebihan pengeluar berkurangan, lebihan pengguna meningkat, dan keuntungan kebajikan berlaku. c. Producer surplus increase, consumer surplus decrease, and welfare loss occurs. Lebihan pengeluar meningkat, lebihan pengguna berkurangan, dan kerugian kebajikan berlaku. d. Producer surplus decrease, consumer surplus increase, and welfare loss occurs.

Q: A newspaper company classifies its customers by gender and location of residence. The research…

A: Probability = Favourable Outcome/ Total Number of Outcome   Total number of observations = 17561756…

Q: he Island Nation of calculate the M2 measure of the money supply. Source Amount Cash in circulation…

A: The money market is a part of the economy which provides short-run funds. The money market deals in…

Q: Imperfect Competition - End of Chapter Problem Consider the Cournot-Stackelberg competing islands of…

A: In this case, Cournot-Stackleberg model is used here. That means in this case, we have two reaction…

Q: Which of the following is the correct economic interpretation for the model below?   LogQD = 9.5 –…

A: Log-Linear regression model: Log(Y) = a + bX The above model is the Log-Linear regression model,…

Q: The correction of overvalued exchange rates involves revaluation, interest rate and trade…

A: In an open economy with fixed exchange rate system, the value of a currency is pegged with the value…

Q: What are some key fixed and variable costs for this business? Remember fixed costs do not change…

A: Variable costs will be costs that change as the quantity of the great or service that a business…

Q: At which point would the government be most likely to try to stimulate the economy

A: Government: It refers to the people who focus on the growth of the economy. The government helps…

Q: When you purchase and eat a pisang goreng, no one else can eat the same pisang goreng. When yo…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: Problem 6 Cannes Croissants (not a real company) wishes to determine the optimum production quantity…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Vusi Mkhabela, the owner of Black Rose, sold food at weekend markets and did catering. He lived…

A: All those elements or forces that have an indirect impact on business operations and working…

Q: 1. The Real Balances Effect (Wealth Effect) states than an increase in the Price level (inflation)…

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…

Q: Suppose that Fiona likes cashews better than almonds and likes almonds better than walnuts. She…

A:

Q: Which of the following are true regarding the superstar phenomenon? It reduces the number of jobs…

A: Super star phenomena explains that how small number of people such as athletes and celebrities tend…

Q: Which statement is CORRECT? The Consumer Price Index is considered the best measure of long-term,…

A: In an economy, economic measures use specfiic information to calculate the value of specfic economic…

Q: The following graph shows the daily market for small cardboard boxes in San Diego. mall box) 10 9 8…

A: In a perfectly competitive market, there are a large number of identical firms which sell homogenous…

Q: Are market supply curves typically more elastic in the short run or in the long run? Explain.

A: Elasticity is the ability of one economic variable, like the amount required, to alter in response…

Q: Graphically show; 1. Slutsky decomposition PE = SE + IE if commodity X1 is inferior and its price…

A: Slutsky decomposition effect:- In Slutsky's decomposition, when a good's price changes and the…

Q: OOOO of the supply curve and a(n). leftward shift; decrease leftward shift; increase a rightward…

A: In economics, supply is the total quantity of a particular good or service a supplier makes…

Q: Question 3 If the price of bananas decreases, then: OA. The demand for apples increases, raising the…

A: Demand is the quantity of an item that the consumers are prepared to secure at a given time and at a…

Q: What is analysis

A: Analyzing anything involves dissecting it into its constituent elements in order to understand what…

Q: By keeping actual output approximately equal to potential output, a nation's macro-policy makers can…

A: When economy produces with its full capacity it reaches what we called full employment level of…

Q: When the government uses taxes or subsidies to intervene in a market, it is operating thro O public…

A: The presence of externality leads to spill over costs or spillover benefits to third party who is…

Q: If you have health insurance that covers the cost of visiting the doctor, you may be less likely to…

A: The behaviour of people will be influenced by various factors. When a person doesn't have vehicle…

Q: A construction manager just starting in private practice needs a van to carry crew and equipment.…

A: Assuming the NPV of a venture, it implies that the discounted present value of all future cash flows…

Q: A construction manager just starting in private practice needs a van to carry crew and equipment.…

A: Alternative 1. Leased Cost = 3,510 per year Alternative 2. Buy Used Van = 5,185 Maintenance Cost =…

Q: Question 91 Economies of scale enable financial institutions to OA) avoid adverse selection…

A: Economies of scale alludes to the peculiarity where the typical expenses per unit of result decline…

Q: Chelsea Izkowski owns a fast food restaurant named Mickey Doodle's Burgers. She recently took a…

A: Income elasticity of demand alludes to the responsiveness of the quantity demanded for a specific…

Q: Calculate the marginal rate of substitution (MRS12) for the following utility function: U(91,92)…

A: Marginal rate of technical substitution is the rate at which one input is the substituted for other.

Q: Price stability is: The goal of maintaining fair prices for consumers by keeping markets…

A: Inflation is defined as the rise in the average price level of commodities and services in the…

Q: All are benefits of the Structural Adjustment Programmes EXCEPT Privatization of…

A: Structural adjustment program was designed by the IMF or World bank  to save countries from economic…

Q: quantity traded is lower options , quantity traded is lower price or quantity

A: *Answer:  A price ceiling is a price fixed by the government to protect the consumer, this price…

Q: Price Level OOOO Aggregate Demand price level; GDP; decreases price level; consumption; decreases…

A: Aggregate demand shows relationship between price and GDP

Q: Monica grows coconuts and catches fish. Last year she harvested 1500 coconuts and 600 fish. She…

A: Consumption in economics refers to how households use commodities and services. Contrary to…

Q: You expect to receive the following: $2,738 at the end of each year for 12 years $17,464 today…

A: Part  particulars Amount A Each Year for 12 Years  2738 B today 17464 C 6th Year 3933 D each…

Q: (1) State two methods of measuring national income. (2) What are the difficulties in measuring…

A: 1. The main methods of measuring national income are as follows (i) Production Computation Method -…

Q: Do gdp statistics gives a good indication of a country's standard of living ?write on in its support…

A: GDP can also be referred to as the national income of the economy because it measures the production…

Q: What is the difference between Gordon method and Brainstorming?

A: The process of forming and transmitting ideas, whether they are abstract, tangible, or visual, is…

Q: Provide details on human development?

A: Human development is the process of enhancing people's choices, including those related to…

Q: The perfectly competitive output level is Pareto-optimal because at this output level Paras output…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Suppose people hold adaptive expectations about inflation. Recently, inflation has held steady at…

A: A variant of the Phillips curve, relating wage increases to request pressure, assessing anticipated…

Q: Discuss the nominal money demand concept in the monetary intertemporal model. Support your answer…

A: Money Demand  The entire quantity of money that the populace of an economy wishes to own is the…

Q: A city Has built a bridge over a river and it decides to charge a toll to everyone who crosses. For…

A: Elastic demand is one in which the adjustment of the amount of demand because of an adjustment of…

Q: The sugar market has a supply curve with formula: Ps= 5 + 0.1Qs, and demand curve: Pd = 68-0.32Qd…

A:

Q: Consider the following data: −6,−1,−6,7,−1,−1,−6−6,−1,−6,7,−1,−1,−6 Copy Data Step 1 of 3 :…

A: Introduction Variance is a measure of dispersion. It was first used by R.A. Fisher in 1918. Variance…

Q: A researcher wants to assess the impact of school location on CSEC performances in Guyana. Suppose…

A: Dummy variables are used to include categorical variables int the model. The number of dummy…

Q: Suppose that the level of unemployment in the economy is determined by the follow equation: U = 7.55…

A: Introduction Unemployment rate measures how much unemployment exist in the economy. It is the…

Q: What can you suggest to the government, the private sector and the civil society to further improve…

A: Meaning of Privatization: Here, the term privatization refers to the scenario under which the…

Q: In supply and demand theory, an increase in consumer income will: OA. Shift the demand curve for a…

A: In the supply-demand model, for an increase in income, demand for a normal good will increase and…

Q: Question 27 Consider the market adjustment model. During an economic boom, when the actual output is…

A: Market adjusted model is the model in which actual market return is used to control potential market…

Q: ‘Structural adjustment’ programmes require that _________ Governments of poor…

A: A country must comply with a set of economic changes known as a structural adjustment in order to…