Suppose that the demand for platinum is given by Q = 80 - 0.5P,where Q is in grams of platinum per day and P is the price per ton. Platinum is produced by a monopolist at a constant marginal and average total cost of $500 per gram. a. Derive the inverse demand and marginal revenue curves faced by the monopolist. b. What is the profit-maximising level of output? c. What is the profit-maximising price?

Q: Natalie is always willing to give up 10 ounces of licorice for 1 ounce of chocolate. Mitchell, on…

A: This theory assumes that people, given their preferences and constraints, are capable of making…

Q: d, both Ana and Dina will benefit from any contributions made by the other person. Sp ll bring each…

A: Contribution margin, or dollar commitment per unit, is the selling cost per unit less the variable…

Q: (Use the game theory concept in microeconomics) A particular situation can be explained as follow.…

A: Answer -

Q: Essential Skills are needed for O Resume and cover letter creation. O work, learning, and life. O…

A: This is MCQ question related to essential skills

Q: In the Prisoner's Dilemma game, the dilemma is that in the Nash Equilibrium, neither play has…

A: In the theory of the game, the Nash equilibrium, called after the John Forbes Nash Jr.…

Q: Frank agrees to lend his friend Sammy $1000 for one year so that Sammy can buy a new computer.…

A: A consumer price index is a cost record, the cost of a weighted typical market container of buyer…

Q: What is an assumption of a Neoclassical model? a. The future is uncertain b. Output increases when…

A: Neoclassical economics is a school of thought in which the supply and demand model governs the…

Q: To what extent can the Porters Theory of Competitive Advantage be used to explain fully or partial…

A: Michael Porter proposed the hypothesis of competitive advantage in 1985. The competitive advantage…

Q: 35) When I purchase ___, I own a portion of a firm and have the right to vote on issues important to…

A:

Q: a) Suppose that the bank has the following balance sheet. Answer the following questions: Assets…

A: Reserve requirement refers to the ratio or fraction of the deposits that banks need to keep in their…

Q: True/false, no need to explain. (a) There is no perfect way to aggregate individual preferences to a…

A: (a) There is no perfect way to aggregate individual preferences to a single "social" preferences.

Q: 37) A financial market in which previously issued securities can be resold is called a market. A)…

A: In financial markets stocks, bonds, treasury bills, securities, etc. are traded.

Q: The government lowers $0.9 trillion in taxes, restoring GDP from $10 trillion to its potential level…

A: Tax multiplier calculates the ratio of change in GDP(gross domestic product) and T(tax).

Q: A cost function, Cix), is given below. Find the average cost per item when the required number of…

A: A cost function is a mathematical formula that illustrates how manufacturing costs change in…

Q: 6.) Government intervention arises from market failure and often includes which of the following?…

A: When there is a market failure, it is important to reallocate resources or change the incentives…

Q: aks Properties builds strip shopping centers and small malls. The company plans to replace its…

A: Provided that, Equipment price is $786000,  Operating cost per year is $240,000. The company can…

Q: 4. In a simple economy, people consume only 2 goods, food and clothing. The market basket of goods…

A: CPI measures the cost of market basket of goods and services which is bought by a consumer in a…

Q: Which of the statements is wrong? Money supply increase leads to decrease in interest rate Decrease…

A: We have given four statements, out of which we have to select the wrong statement.

Q: If there is a sharp increase in the minimum wage as well as an increase in pessimism about future…

A: A minimum pay permitted by law allowed by regulation is the most negligible pay that organizations…

Q: A firm is facing a downward sloping demand curve Q = 4/P and its unit cost of production is AC = 2Q.…

A: Q = 4/P AC = 2Q Total Cost = Q* AC TC = Q*2Q = 2Q2   (a) Maximize Profit: P*Q - TC 4 - 2Q2 Firm will…

Q: 2. Suppose an economy begins in steady state. By what proportion does per capita GDP change in the…

A: The measure that depicts the final value of goods and services being produced in an economy during a…

Q: How much can Wells Fargo lend to a developer who will repay the loan by selling 6 view lots at…

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: What we know for "Open Market Operations" are (A) buying bonds by commercial banks to increase their…

A:

Q: One reason the short-run aggregate supply curve is positively sloped is that lower price level…

A: According to the nominal wage rigidity model, in the short-run nominal wages do not change…

Q: Moving to another question will save this response. Velocity of money depends on all of the…

A: Velocity of money refers to the total number of exchange of currency takes place within the economy.

Q: The Philippines Transmission Co. makes and sells certain automotive parts. Present sales volume is…

A: Total profit is given by the difference of total revenue and total cost and the break even point is…

Q: What steps did Jim Moon take to build a relationship between his business and Bank Rhode Island?

A: Jim Moon concentrated on keeping in touch with the bank in order to maintain a relationship. He…

Q: You can buy pencils and pens. Each pencil costs $7.5 and each pen costs $5.    Marginal utility…

A: Maximum utility  Utility maximization is the desire for the greatest amount of pleasure from one's…

Q: Assume that you are studying exchange rates between India and the US. Assume that the equilibrium…

A: Here, it is given that Indian economy is experiencing a fall in the inflation rate.

Q: a. You work for a certain firm that is the sole provider of water services in a city. The market…

A: A monopoly is a form of market structure in which there is only one seller of a certain good or…

Q: In Japan, one worker can make 5 tons of rubber or 80 radios. In Malaysia, one worker can make 10…

A: The measure that depicts the exchange of goods and services among entities or countries in lieu of…

Q: WHAT IS ASIAN DOLLAR MARKET?

A: Singapore had a well-developed banking and financial sector capable of offering a wide range of…

Q: 1-)What is the difference between a real rate and a nominal rate?  Say you got a raise of 10% of…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: What does the Taylor rule imply that policymakers should do to the cash rate under the following…

A: The Taylor rule (some of the time alluded to as Taylor's rule or Taylor guideline) is an econometric…

Q: Mr. Don is the director of A-Design Inc., a federally incorporated company in Canada, specializing…

A: The interest rate is the rate you will be charged on the equilibrium of your advance. This…

Q: Part 4 : Identify and match each good below depending on the type of good (private, public, common…

A: The term rivalrous means goods for which the sellers compete against each other and excludable goods…

Q: According to the Laffer Curve, the amount of tax revenue A) decreases; low; increased B) increases;…

A: Tax: It refers to the income of the government. The increase in taxes will lead to an increase in…

Q: Assume that as long as no more than one fisherman fishes intensively, there are enough fish to…

A: The phrase "economic sustainability" refers to business strategies that help a community's economy…

Q: Listed below is the 2020 actual demand for stretchable fabric used by a company producing swimming…

A: The technique of nave forecasting is when the previous period's sales are utilised to forecast the…

Q: Select the correct answer from the terms provided to complete the sentences below. There are more…

A: Answer - "Thank you for submitting the questions , But, we are authorized to solve only 3 sub parts…

Q: Part 4 : Identify and match each good below depending on the type of good (private, public, common…

A: Introduction We have four types of goods which we explained on the basis of rivalry and…

Q: Identify which type of nontariff trade barrier is used in each scenario in the following table.…

A: Export subsidies will be subsidies given to brokers to cover the distinction between inward market…

Q: What is the behaviour of average fixed cost as output increases?

A: The expenses made to produce goods and services are referred to as total costs. Cost is calculated…

Q: Suppose you are given the following data for a particular economy (unit:  Millions of Euros): Gross…

A: Gross National Product refers to the sum of the values of all the finished goods and services and…

Q: Suppose market demand for mobile operators is expressed by Q=90-3P where Q is measured by calls in…

A: Given information Demand function Q=90-3P MC1=20 MC2=10 MC3=10 In Bertrand model each firm compete…

Q: In Chapter 6, we said that taxes create deadweight losses. When we tax goods with external costs,…

A: Deadweight loss is the decrease in total surplus when socially efficient quantity is not produced.

Q: anth Sales Forecast 1 Forecast 2 1 770 771 769 2 789 785 787 3 794 790 792 780 784 798 768 770 774…

A: *Answer:  Given data Month Sales  Forecast1  Forecast 2 1 770 771 769 2 789 785 787 3…

Q: If: 1) Prices are fixed in the short run but flexible in the long run 2) Domestic output is always…

A: The money supply in a country's economy refers to the entire quantity of currency and other liquid…

Q: According to Monetary neutrality and classical macroeconomics, the increase in money supply…

A: GDP is the value of final goods and services produced in the economy within a given period of time

Q: Nominal GDP for year 1 is equal to:

A: Inflation means the rise in the price level of goods and services over a period of time. Inflation…