The total economic profit made by the monopoly would be the area described by the points.. MC Pat ATC Pat P Price E.

Q: to their insurer. Suppose Rosa's insurance company provide uctibles (good!) but charges a high premi...

A: *Answer:   

Q: New technology enables computers to be made at lower cost. Explain the effects on the market price a...

A: Dell company is one of the most trusted and the named brand among the other computer companies which...

Q: Answer these questions on a separate sheet of paper. -3 Consider the game defined by the matrix: P =...

A: Payoff of the game is :       Player 2     -3,3  1, -1  (0.4)    & then (0.7) Player  1 4...

Q: Suppose that you are a bank with the following: • $200 of capital, and $2,000 of deposits. In this e...

A: Require Reserve (7%)  = 7% of Deposit                                     = 0.07 * 2000             ...

Q: How do propensities and multipliers, and even expectations affect the outcomes in a downturn

A: In an economy, when talking about propensity, expectations and multipliers, these are the ratios of ...

Q: 1. Consider a consumer with utility u(x1,x2) = .5lnx1 + .5lnx2 (b) Now, consider an equivalent repr...

A: Given Utility function U=5lnX1+5lnX2 Equivalent utility function V=X15X25  

Q: Corn is a very valuable product for which the U.S. government routinely offers subsidies. With no pr...

A: The data given is as follows:- Equilibrium price of corn = $300 Equilibrium quantity of corn = 500 m...

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: At a marketplace, when government intervenes to influence the market price z it is known as price co...

Q: 3. In 1986, the CPI stood at 109.6 while in 2016 it stood at 240.0. In 1986, a new Toyota Corolla LE...

A: Consumer price index is the weighted sum of a consumption basket used to gauge inflation rate in the...

Q: Price 10 9 8 7 6 5 4 2 1 D 10 20 30 40 50 60 70 80 90 100 Quantity a. Suppose this market exists as ...

A:

Q: wns a house that is worth $100,000. There is a 0.1% chance that the house will be ly destroyed by fi...

A: We have, House worth is $100,000 Destroy chance by fire = 0.1% u(x) = x x = wealth   

Q: what do you think about NFTs in the market, is there and need for them? And what are some concerns r...

A: Non-fungible token(NFT): The item can be considered as non-fungible when the particular item cannot ...

Q: The country of "Econoland" can use its resources to produce either 500 tons of crab or 200 tons of p...

A: Here, Two countries are given as Econoland and Arcadonia, which are producing two goods as crab and ...

Q: Given: Market for Flowers Price of Flower/boquet 100 330 500 Qd (x) of Flower/boquet 40 Point Price ...

A: Given information

Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GD...

A: Real GDP after 5 years will be calculated as   = Real current GDP * (1 + g/100) ^ n

Q: nation's ability to produce a product more efficiently than another country is referred to as global...

A: When the two countries are open to free trade there are always gains from trade.

Q: Write a short note on Foreign Exchange Regulation Act of US 1983?

A: Answer: Introduction: Under this Act's Section twenty nine specifically addressed MNC operations in ...

Q: Three voters vote over two candidates (A and B), and each voter has two pure strategies: vote for A ...

A: Market refers to the place where the demand and supply are equal to each other. It means the slope o...

Q: Marijuana is sometimes estimated to be California’s largest cash crop. It is not included in estimat...

A: Marijuana is sometimes considered to be California’s largest cash crop. It is not included in estima...

Q: 3. Compute Nominal GPD, Real GDP, and GDP Deflator using the data below Compute the % change in Nomi...

A: Nominal GDP is current year GDP. Real GDP is constant year GDP.

Q: Figure 1 Price S+ tax 6.00 5.00 4.00 3.00 2.00 1.00 50 60 Quantity Refer to Figure 1. What is the sh...

A: The imposition of tax on suppliers would reduce the aggregate supply and the price of goods will inc...

Q: 10. If an individual takes out a $300,000 mortgage from the bank and the loan agreement stipulates t...

A: A mortgage is a loan - given by a home loan money/mortgage lender or a bank. - that person empowers ...

Q: Which among these pairs would provide a good market feasibility judgment on a given project? a. Bene...

A: Good market feasibility of a given project is very essential for any project to be successful in the...

Q: Player 2 y 1,3 1,1 0,2 Player 1 b 3,1 2,2 1,0 C 0,2 1,2 3,0 If both player 1 and plater 2 are ration...

A: We will find the pure strategy nash equilibrium for this question. So, we have: If Player 2 chooses...

Q: M/c question - Micro 29) What is a characteristic of a perfectly competitive market?  A. Goods off...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: Three voters vote over two candidates (A and B), and each voter has two pure strategies: vote for A ...

A: Given,  There are Three Players : Voter 1, Voter 2 and Voter 3The three Voters vote for two candidat...

Q: Give an example of an Elastic product, what makes it elastic? What can make it become inelastic? Gi...

A: The demand for the product is elastic when the change in quantity demanded of the good is more than ...

Q: Explain potential conflict of interest in the operational structure of systematically important bank...

A: i) Conflict of interest In a conflict of interest, a person or organization has numerous interests r...

Q: If external economies of scale determine the location of tradable industries? Please explain.

A: Economies of scale refer to the fact that the more units a company produces, the less each unit cost...

Q: # 1 An electric cooperative is considering the use of a concrete electric pole in the expansion of i...

A: Engineering economics can be defined as the study of economic cost and benefit analysis of different...

Q: 1) Under which of the following scenarios would an expansionary fiscal policy be more effective? Gr...

A: In an economy, expansionary fiscal policy refers to the situation when government tries to increase ...

Q: A commercial vehicle is purchased for an acquisition cost of $300,000. The operating and maintenance...

A: Economic life is the life of an asset till the time it can be used.  The EUAC of the defender is gre...

Q: If an investment has an estimated cost of £1000, and it offers £550 the first and the second year af...

A: The internal rate of return (IRR) is the interest rate that makes the net present value (NPV) zero. ...

Q: Which of the following was a way for the Bureau of Labor Statistics to reduce the quality/new good b...

A: When talking about the consumer price index (CPI), it is considered as the inflation measuring tool ...

Q: How does savings change with changes in y1? Provide some intuition behind this result.

A: Marginal utility means the diminishing marginal utility which decreases with the rise in units of a ...

Q: Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio? A. Bene...

A: The benefit-Cost ratio is a method to analyse the economic worthiness of a project. It compares the ...

Q: 1. For the following production functions, find the firm's (long run) conditional factor demand func...

A: A firm minimizes cost by employing the number of inputs at the point where marginal rate of technica...

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: Price control is undertaken by the government to increase the welfare in the economy. Price ceiling ...

Q: Consider the game defined by the matrix: P= [-3 1, 4-3] 1. If row player uses strategy R1= [0.4 0.6]...

A: Given information Here player 1 is row player and player 2 is column player  

Q: The following figure shows the supply function of a firm. (The following is a description of the fig...

A: A surplus of producers is a measure of producer welfare if the firm sells q2. 

Q: (1) A consumer's utility function is given by u (z_y) := z/2y/2 for any nonnegative z and y, represe...

A: Utility function : U = x1/2y1/2 Price of x = Px  Price of y = c1 Income = m  Budget Constraint will ...

Q: Suppose that there are two firms in a market, firm 1 and firm 2. The market is declining in size. Th...

A: Introduction Initially there are two firms in the market. The game will start at period 0 and goes o...

Q: Two mutually exclusive investment alternatives are being considered by an automotive engineering man...

A: Given information Alternative A Initial cost=13000 Mean annual operating cost and maintenance cost=5...

Q: (x)  The federal healthcare spending program that specifically targets the poor is called Medicaid a...

A: The answer is - 1. (x), (y) and (z)

Q: 1. Complete the following table. Total Fixed Total Cost Average Marginal Cost Variable Average Total...

A: Some basic formula that will be used to complete the given table  Total cost = Fixed cost + Variable...

Q: Address the following hypothetical scenario: Suppose that hypothetical major league baseball player,...

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

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples ...

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers. ...

Q: Problem 1. Ramsey (a) Rewrite and explain the main equilibrium equations of the Ramsey model assu...

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

Q: 1) Draw a demand and supply graph for the market for Dell notebook computers

A: In the below graph, if the demand and the supply for the Dell Notebook computers are decided on the ...

Q: Identify and describe a distinction between the monetary policy tools of the Fed and those of the Eu...

A: Despite the Great Recession's initial perception as a US crisis, the Eurozone was involved from the ...