The four statements below each describe a different market, highlighting one feature of that market. Read the statements and select those markets which, based on the feature described, must be imperfectly competitive. Select one or more answers: Select one or more: O Firms can sell as much output as they wish at the market price O Firms can innovate new production processes O Firms can make supernormal profit in the long run Firms can increase profits by cutting their price

Q: Which of the following represents the individual consumer's demand function if the inverse market de...

A: Demand is the function that gives the number of units purchased as a function of the price. The diff...

Q: The monopolist must decrease price on all units of a product sold in order to sell additional units....

A: In a monopoly, there is only a single seller. The firm sells unique product so it has all the rights...

Q: Suppose that the following C, I, G, and NX is given by: C = 100 + 0.8OY G = 100 | = 200 NX = 300 - 0...

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports.

Q: Neoclassicals argue that everything produced creates a trade-off. For this to be the case the econom...

A: Neoclassicals argue that everything produced creates a trade-off. For this to be the case the econom...

Q: Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average ...

A: The sum of fixed cost and variable cost makes total cost.

Q: Suppose that monopolist faces the following demand curve: P = 80-3Q. Monopolist operates in two plan...

A: Answer:- (c) q1= 6 and q2= 4

Q: Team, please create an amortization schedule which shows different dollar amounts you borrow at diff...

A: Introduction Amortization table for 25 years loan has  shown on different interest rate and differen...

Q: A profit-maximising firm faces a downward-sloping demand curve for its output and  has marginal cost...

A: A perfect competition is a structure of a market in which there are many sellers and buyers. The com...

Q: Suppose that the money stock in an economy is 10,000, the velocity is 9, and the quantity of output ...

A: As per the "quantity theory of money" : money stock×velocity of money=price level×quantity of output...

Q: You are the manager of a firm that produces a product according to the cost function C(q;) = 210 +62...

A: Given:- C(qi)=210+62qi-8qi2+qi3 To determine:- Short run supply function=? Please find the images at...

Q: Every year the typical family on Planet Econ consumes ten pizzas, seven pairs of jeans and 20 litres...

A: As per the information given in question, the cost of market basket which includes 10 pizzas, 7 pair...

Q: 2. Which of following statement is NOT correct about standard error? a. the square root of the estim...

A: a. The square root of the estimated variance of cofficient is called standard error. This statement ...

Q: Please for the following problems: a.) Find the Absolute advantage b.) Find OC/unit per unit c.) Fin...

A: As per the guidelines solution is provided for first three sub-parts. a) Japan has an absolute advan...

Q: The lower-income industrial countries are catching up to the higher-income industrial countries in t...

A: According to the catch-up effect, there will be a convergence between lower-income industrial econom...

Q: A necessity is defined as a good having

A: To find : What is definition of necessity. 

Q: A government surplus can decrease investment through the crowding-out effect because the surplus dec...

A: A government surplus can decrease investment through the crowding-out effect because the surplus dec...

Q: Problem 08-10 (algo) The manager of a local monopoly estimates that the elasticity of demand for its...

A: The profit is maximized where the MR=MC.  

Q: Cyclical unemployment 1) has a different explanation than does the natural rate of unemployment. 2) ...

A: All of the above Option 4th is corrrect. Option 1st is correct because e cyclical unemployment rate ...

Q: The Engineering Economist is a quarterly journal that once cost $20 for 1 year, $38 for 2 years, or ...

A: The Internal Rate of Return (IRR) is the interest rate according to which the initial capital invest...

Q: O A good is normal when a rise in income leads to a fall in the quantity consumed of that good. On t...

A: A product or item that is being produced or sold for its consumption or further sale is being known ...

Q: short note on subsidies? short note on price control?

A: The larger set of activities of consumption and production that are interrelated which aid in the de...

Q: Suppose the current exchange rate is 115 yen per dollar. We currently have a demand for 50 units of ...

A: First, we figure out the equation of the demand curve. Given that when price is 800 yen and quantity...

Q: Propaganda Techniques: Search for each propaganda technigues; Bandwagon, Testimonials, Transfer, Emo...

A: Propaganda techniques are the basic techniques that helps in influence the common people of the comm...

Q: How did the European Monetary System differ from the Bretton Woods system? (explain in 10-12 sentenc...

A: The correct answer is given in the second step.

Q: 100 www 1975 1985 1995 Q2-2006 Q1-2009 Q1-2011 Q4-2015 Q4-2016- Q2-2017 102 10° Cumulative Productio...

A: The learning rate is defined by the ratio of percentage reduction in module price and percentage inc...

Q: 1) Using the World Bank’s classification system, Malaysia, Mexico and Brazil are: a. low-income coun...

A: Answer: (b) upper-middle-income countries.

Q: Elasticity of demand depends on a number of factors, including whether the product in question is a ...

A: Elasticity (ed) of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) o...

Q: these two investment alternatives to be equivalent at an interest rate of i = 15% per year: 1.7H 2P ...

A: The term cash flow refers to the net amount of cash and cash equivalents being transferred in and ou...

Q: Find the value of X such that the two cash flow transactions are economically equivalent at 12% comp...

A: Solution:-  PV = 800 + 800*[[(1+0.12)n-1)]/[0.12* (1+0.12)n]] =800 + 800[ 1.12^4-1]/[0.12*1.12^4] =$...

Q: If suddenly remittance drops 10% annually due to Covid and every other thing remain constant then wh...

A: Exchange rate- The exchange tells us about the worth of the currency of one country in comparison to...

Q: Marx writes that, in order to understand surplus-value, we have to divide the workday into two parts...

A: Surplus value is defined in Marxian economics as the difference between the amount raised via the sa...

Q: The market supply curve of plastic gloves is given by Qs=350,000+10,000P. The demand for plastic glo...

A: Given:- Qs=350000+10000P qA=270000-2500P qB=350000-20000P Please find the images attached below for ...

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without...

Q: The Great Migration impacted social and economic structures in both the northern and southern United...

A: To find : How great migration affected social and economic structure in US. 

Q: Jane is saleswoman employed to sell TV sets on a salary and commission basis. Her fixed monthly sala...

A: Total earning of Jane in the month of January = 27,000 Her monthly fixed salary =12,500 Cost of TV s...

Q: kindly explain factor vouch insurance startup factors demand and supply of the company?

A: Vouch insurance Vouch Insurance is a brand-new kind of startup insurance platform.Vouch's totally di...

Q: Suppose that in a perfectly competitive market, the demand for Frisbees is given by Q-200-2P and the...

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is...

Q: The market demand gor wheat is Q = 100 - 2p + 1pb. Where pb is the price of barley. if the proce of ...

A: Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Q: The Production Possibility Frontier of a country has a slope equal to the ratio of the in...

A: PPF of a country is the set of feasible allocations of goods in a country such that all resources ar...

Q: Problem 1 Is each of the following a positive or normative statement? If it is a positive statement,...

A: Positive and Normative statement Positive statements are based on facts, whereas normative statement...

Q: If a company's annual discount rate is 8% what would the present value of $1,000 in year 5 of a proj...

A: Present Value = FV(1+r)N    where, FV = Future Value = $1000 r = discount rate = 8% = 0.08 N = numbe...

Q: The employment to population ratio in the United States... A. .tends to be less cyclically volatile ...

A: Employment to population ratio refers to the proportion of adult population that has the work to do ...

Q: Suppose that in a perfectly competitive market, the demand for Frisbees is given by Q=200-2P and the...

A: Deadweight loss refers to the loss to a society which occurs due to an inefficient quantity produced...

Q: If the price of beef was $45.00 what is the optimum number of cows and the profit or loss at that nu...

A: Solution:- (i) If the price is $45., the optimum level of input is 50. At this level, we get $1366.2...

Q: 5) Find the Subgame Perfect Nash Equilibria of the following game. Hint: it might be helpful to writ...

A:

Q: Frasier is 33 years old and just received an inheritance from his parents' estate. He wants to inves...

A: Given: The age of Frasier is = 33 years The amount of monthly payment is = $5,000 Years = 15 The rat...

Q: 3. A skilled carpenter named B can make a chair in five hours. It would take me eight hours to make ...

A: Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay...

Q: Consider a city where everyone commutes to the city center, and the commuting cost per mile per mont...

A: Commuting cost per mile per month= $50 Each household has 1500 sq feet  dwelling The worth of dwelli...

Q: Below are some employment data from the country Commagene. 2018 2019 2020 Number of Employed Number ...

A:   20180 2019 2020 NUMBER OF EMPLOYED 54 z 70 NUMBER OF UNEMPLOYED x 90 80 NUMBER OF OUT OF LAB...

Q: 2. A consumer has a utility fuinction given by a) Derive an expression for the two marginal utilitie...

A: utility function is an important concept that measures preferences over a set of goods and services....