Is the outcome in a monopolistically competitive market desirable from the standpoint of society? Can the government improve on the market outcome?

Q: You are shopping around to determine which bank account yields the highest return. You have three ch...

A: Future worth using compounding formula is  F=A1+innt           ... (1) Where i is the rate of intere...

Q: Player 2 C R T 8, ? 46, 2 Player 1 M 6, 12 5,? 4, 6 B ? ,6 6,8 8,3 Consider the following two-player...

A:

Q: calculate the expenditure multiplier, if the marginal propensity to consume = .80, the tax rate = .2...

A:

Q: Assume that we have a fixed supply of a depletable resource to allocate between two periods. Assume ...

A: Consumption is done in two periods - Period 1 and Period 2 Fixed supply of a depletable resource to ...

Q: How entrepreneurship contributes to the economy of a country?

A: In an economy, an entrepreneur is the person who comes up with new and innovative ideas, technology,...

Q: If the AS curve is relatively steep and the AD curve shifts to the right, there will be a in the pri...

A: as we know that at equilibrium the aggregate demand and aggregate supply will be equal and the degre...

Q: uppose that the market demand for a certain product is given by P=370−2QP=370−2Q, where QQ is total ...

A:

Q: For the following situation: Year Initial Cost Annual Operation and Maintenance cost Annual Benefit ...

A: Given MARR = 8 % Therefore both project will be compared with 6 year life terms for comparison Incre...

Q: Explain the reasons why lags in fiscal policy can create statements such as this: “The member of gov...

A: Fiscal policy refers to the one of the types of economic policies, which is implemented by the gover...

Q: Suppose that nominal GDP was $20 trillion in 2040 in Bedrock. In 2050, nominal GDP was $18 trillion ...

A: The nominal GDP in 2040 was $20 trillion The nominal GDP in 2050 was $18 trillion ------------------...

Q: What things do people do now which they couldn't do before globalization?

A: Globalization is described as the spread of technology, products, jobs, and information across count...

Q: Consider the following hypothetical firm that is normally producing 200 units of the product per tim...

A: The term "cost of production" refers to all the costs that are involved when a company offers a serv...

Q: 2. If money is worth 5% compounded semi-annually, find the present value of a sequence of 12 semi-an...

A:

Q: Taxes reduce the gains from trade, despite increasing consumer and producer surplus. A.) False B.)...

A: Consumer surplus is a measure of consumer welfare and is defined as the social valuation of the prod...

Q: what does Adam Smith mean by “self-regulating

A: Adam Smith in his book called "The Wealth of Nation" published in 1776 has described the "self-regul...

Q: Some years ago, a new brand of toothpaste was introduced in the United States. According to its adve...

A: The sum/addition of all the values in a set is divided by the total number of values in the set to g...

Q: 1) Consider a two-person, two-commodity, pure exchange, competitive economy. The consumers' utility ...

A: Introduction Here are two commodities, two consumers and competitive markets. Let utility function o...

Q: 6. Required and excess reserves Suppose that Second Republic Bank currently has $200,000 in demand d...

A: Required reserve is the ratio of total deposit of commercial bank  that need to be kept with Central...

Q: True or False 1. If a specific forest ecosystem service can be substituted with a physical structure...

A: Economic value is the value that a person assigns to an economic good based on the benefit that the ...

Q: Consumer Price Index Year Index 2XXX   66.0 3XXX   64.6 4XXX   64.6 5XXX   65.3 6XXX   66.4 7XXX   6...

A: Given: Consumer Price Index Year Index 2XXX   66.0 3XXX   64.6 4XXX   64.6 5XXX   65.3 ...

Q: Briefly define the four dimension of globalization.

A: International ties are forged in business, politics, culture, society, and the environment. Analytic...

Q: Essay What happens to producer surplus when a price ceiling (below the equilibrium price) is enacted...

A: In a market, price ceiling refers to the government action to limit the maximum price, while price f...

Q: Questions: A) Detail and describe a decision that you made in the past that contradicts the assumpti...

A: Consumers try to maximize their utility in order to get maximum satisfaction, consumers, in general,...

Q: Provide an overview of online marketing tactics and partnerships, including business-to-business (B2...

A: The word "online marketing" refers to a collection of tools and strategies for using the internet to...

Q: Alex decided to stop watching squirrels and open a squirrel pet store. She took $100,000 out of her ...

A: Given:Total revenue=40,000Implicit cost=Interest on savingsImplicit cost=100,000×20%Impicit cost=20,...

Q: d. Suppose that changes in the bank regulations expand the availability of credit cards so that peop...

A: Demand for money refers to the desire for holding financial assets such as cash, banks deposits, etc...

Q: 2. May purchased a new mobile phone and paid ₱10,000. This means that her marginal utility from this...

A: In a market, marginal utility refers to the amount of satisfaction gained by a consumer when he cons...

Q: 2. You are given £10,000 as a graduation present and you want to buy a new car in the future. Theref...

A: An interest rate is the amount of interest due per period, as a proportion of the amount lent, depos...

Q: following graph, show the effect the good weather season in Ontario has on the market for raspberrie...

A: Equilibrium is achieved at the output level where Ls equals Ld

Q: If your bank receives a checkable deposit that results in $20,000 in excess reserves, and the bankin...

A: Here, given information is: Excess reserves: $20,000 Potential money supply: $60,000 To find: valu...

Q: What might rising term spreads suggest Select one: a. that markets anticipate future interest rates ...

A: In the loanable funds market, interest rate is used as the exchange rate of the funds, which is the ...

Q: A toy manufacturer's cost for producing q units of a game is given by C(a) - 1450 +3.6g+ 0.0006g. If...

A: p=8.6-1440qTR=pq    =(8.6-1440q)q    =8.6q-0.002q2MR=8.6-0.002qc=1450+3.6q+0.0006q2MC=3.6+0.0012qπ=T...

Q: 2. Consider the following utility function: u(x, y) = x² + y. (a) Derive the optimal utility maximiz...

A:

Q: Targeting inflation is better than monetary fine-tuning when time lags in the implementation of mone...

A: targeting inflation is the monetary tool used to maintain or achieve the inflation rate  under prede...

Q: Price 38 Supply 34 28 22 16 Demand 10 6 4 5 10 20 30 50 60 70 80 90 Quantity 40 2.

A: When the world price is less than the equilibrium price, then the domestic demand will be higher tha...

Q: The M2++ and M3 definitions of the money supply include financial assets... O a. Such as a credit ca...

A: The total volume of money that is being held by the public at a specified period in an economy is kn...

Q: states engage in trade, with each state specializing in the good in which it has a comparative advan...

A: The production possibility frontier (PPF) is a curve that is used to discover the mix of products th...

Q: are (3) defining differences between a Patent and a Provisional patent?

A: Provisional patent According to US patent law, a provisional application is a legal document filed w...

Q: True or False a: Medicad and Medicare are examples of Regulatory policies. b: The social underclass ...

A: Medicaid and Medicare ade the related with healthcare of population . And they are different at the ...

Q: A tariff is a tax on imports. Such a tax can be replicated by applying simultaneously two domestic p...

A: Tariffs are imposed by governments to increase income, safeguard native businesses, or exercise poli...

Q: Which is NOT neutral in the long run? O output O aggregate demand O money O real interest rates

A: The long run is a period of time during which all production and cost parameters are variable. Firms...

Q: Suppose that a large number of Canadian consultants decide to take employment in Europe due to bette...

A: Equilibrium is achieved at the output level where Ls equals Ld

Q: D1. LR Agg S P. P, Agg a, ON We can say that O In the long run, P and Q will re O In the long run, Q...

A: Aggregate supply is the total amount of goods and services that firms are willing to sell at a given...

Q: 12. a) Given a typical firm in a perfectly competitive market show the firm's optimal choice alongsi...

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: emand for domestically produced steel to increase. one or both of the curves on the following graph ...

A: Equilibrium is achieved at the output level where Ls equals Ld

Q: A higher reserve requirement is associated with a money supply. Suppose the Federal Reserve wants to...

A: Money Supply" refer to the total volume of money held by the public at a particulars point in time i...

Q: Owhen bond prices fall, the interest rate and aggregate demand fall. O when bond prices rise, real G...

A: Question 7 Stabilizing speculation means people will buy stocks, expecting the price to rise. Destab...

Q: Suppose you have an exponential utility function given by U(x) =1 - exp(-x/R) where, for you, R = 10...

A: The quantity of assets that makes a person hesitant to gamble/invest or refrain from participating i...

Q: 12. Prove, using Eq. (4-42), that the long-run supply curve of a competitive firm is more elastic th...

A: Introduction Long run supply curve is more elastic because we have enough time for doing adjustments...

Q: Anecdotal evidence suggests that some insurance companies in Germany advertise specifically to certa...

A: In the insurance market, it can be seen that there is high risk or more probability to have market f...