The USPS charged $0.50 per stamp in 2021 and allows stamps.com to sell a sheet of twenty $0.50 stamps with personalized photos for $1.20 per stamp. Stamps.com keeps the extra beyond the $0.50 it pays the USPS. If stamps.com is acting as a profit-maximizing monopolist, what is their Lerner Index, and what is the price elasticity of demand for a customized stamp?

Q: In the circular flow diagram, households get their ability to pay for their consumption expenditures…

A: The circular flow model refers to the economic analysis of the interaction between households and…

Q: Given the supply and demand fucntion  Supply- Q= 200p-500 Demand- 5000-300p   Suppose that this…

A:

Q: 1. A college student enjoys eating pizza. Her willingness to pay for each slice is shown in the…

A: Willingness to pay is the maximum price that a person is willing to pay for a good.  Given piece of…

Q: Use the Fed and the banking system T-accounts to describe the effects of a Fed sale of $200 million…

A: The Central bank is the monetary authority of an economy, which is responsible for the monetary…

Q: ou have just won a lottery prize of ​$2,500,000 collectible in 10 yearly installments of ​$250,000…

A: In economics and finance, present value, also known as present discounted value, is the value of an…

Q: Firm cost equation: TC = 49 - 4Q+Q² Market demand: Q = 530 - 4P Solve for how many firms will serve…

A: In perfect competition, equilibrium is found by the condition of equality of MC(marginal cost) and…

Q: Which of the following explains why a decrease in the price of a normal good will lead to an…

A: In economics, everything that is directly correlated with consumer income is referred to as a…

Q: Explain advantages and disadvantages of Internal Trade

A: Trade refers to the exchange of goods and services taking place between the buyers and the sellers.…

Q: The Nicor family is planning to purchase a new home 3 years from now. If they have Php 12,000,000…

A: As given Present worth = 12,000,000  Interest rate = 12% per year  time = 3 years  FV = PV(1+r)n…

Q: Explains what researchers have found on this topic (inflation: costs and benefits)

A: Inflation: Inflation describes a situation in which prices tend to rise. Economists believe…

Q: Please refer to the following information to answer the question (in bold) below: • You have $400…

A: Initially, the food budget is $400 and price of a restaurant meal is $ 8 per meal, and the price of…

Q: The information below was provided by Chibitatat Corporation for the calendar year that ends on…

A: A company that conducts business within its own country is known as a domestic firm. A domestic…

Q: An example of an incentive designed to promote savings would be A) an increase in the sales tax. B…

A: Savings and investments are important for capital formation and thereby economic development. The…

Q: Practice sheet: The optimal choice Find the optimal choice for each of the following individuals…

A: # consumer's budget income = 210  ; Px = 2, Py =1 Hence consumer's budget equation would be :  =>…

Q: A father wants to start setting aside money for his daughter's college fees, who is eight years old.…

A: A mismatch between the supply and demand of money, adjustments to the cost of manufacturing and…

Q: From time to time, various groups clamor for import restrictions or tariffs on foreign-produced…

A: The tariff has come a long way, and its purpose is now to protect the nation's economy. Tariffs are…

Q: Over $0 $15,000 $30,000 But Not Over $15,000 $30,000 Tax Due 2.5% of taxable income $375 plus 6.3%…

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Q: explain the functions performed by financial intermediaries and how they can promote economic…

A: Financial intermediation is characterized as the cycle which had been done by the financial…

Q: 4-6 Suppose that the price of croissants rises from $2 to $3 per unit. Use the mid-point approach to…

A: price of croissants rises from $2 to $3 per unit

Q: Please refer to the following information to answer the question (in bold) below: • You have $400…

A: A budget constraint shows various combinations of two goods a consumer can purchase by spending all…

Q: The number of bacteria in a culture is increasing according to the law of exponential growth. There…

A:

Q: 2. (Textbook problem 6, page 104) Suppose that the production function is Y = 9K 0.5 Nº.5. With this…

A: The term "labour market" refers to the area of the economy where employers and employees deal with…

Q: Assume that in 2015, the following prevails in the Republic of Nurd: Government spending (G) = $0…

A: Y is given as $200 Thus, Yd will be: Yd=Y-TYd=200-0Yd=200 (Since taxes is 0) Now, consumption and…

Q: Price (dollars per sandwich) 0 869SAWN- 2 3 4 5 7 Quantity supplied (sandwiches per week) 0 Quantity…

A: Equilibrium is a state where there is neither any surplus nor any shortage.

Q: In which decade, beginning with the 1960s, was the growth of potential GDP per person greatest and…

A: Introduction Growth rates is the increase in growth per unit time. US economy has strongest growth…

Q: ear. Capital investment Annual expenses Useful life Market value at end of useful life Lead Acid…

A: The annual worth is the net of the relative multitude of advantages and costs caused more than a…

Q: What is the business cycle? Which part of the business cycle is of particular concern to…

A: A business cycle refers to the fluctuations in long-term in the output of an economy. It involves…

Q: Assume world oil supply is 69 million barrels per day at a price of ​$45 per barrel. Suppose that if…

A: Price elasticity of supply measures the responsiveness in quantity supplied of a commodity to a…

Q: Analyze the two approaches used to measure Gross Domestic Product (GDP) Give example

A: Gross domestic product is the total value of the final goods that is manufactured and produced by…

Q: consumer attains maximum utility when: Select one: a) Marginal utility per dollar spent is…

A: The concept of marginal utility (MU) is utilized by economists to compute how much of an item…

Q: Which of the following is NOT a characteristic of a Monopolistic Competition? Select one: a)…

A: The degree of competition in a market is always referred to in these types of market arrangements.…

Q: When Great Britain voted to leave the Eurozone, the pound depreciated 17% against the dollar. It…

A: Market for dollar -

Q: A new stereo for a car is generally priced in the $150 range.  A new car generally is generally…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: What equal monthly payments will repay an original loan of $1,000 in sex months at a nominal rate of…

A: Given information Original loan amount=$1000 Nominal interest rate=6% Time =6 month

Q: Owing graph shows the long-run supply curve for persimmons. e orange line (square symbol) on the…

A: Supply Curve: A supply curve represents the positive relationship between the quantity supplied and…

Q: Consider the demand function for processed pork in Canada, Q₁ = 496-22p+20pb + 3pc +0.002Y where Q…

A: We know that the markets in an economy are considered a means of interaction between the buyers of…

Q: How implementing a national price ceiling to keep fuel affordable would affect producer and consumer…

A: The maximum price at which products and services may be offered is known as a price ceiling,…

Q: Consider a market in equilibrium. Suppose demand in this market increases. How will this affect…

A: Market is in equilibrium at the intersection of demand and supply curves where quantity demanded…

Q: Suppose that in an attempt to boost the price of blueberries for its farmers, the government of Roni…

A: In a free market, price and quantity is determined by the forces of demand and supply. At the…

Q: 6. The simple money multiplier is given as = rr Question: Using the formula for the simple money…

A: Required reserves ratio is the percentage of checkable deposits that must be held as reserves

Q: What has been the average annual growth rate of U.S. real GDP per person over the 120 years from…

A: The real Gross Domestic Product (GDP) per capita annual growth rate is calculated as the percentage…

Q: Consider six mutually exclusive and indivisible investment alternatives under evaluation by…

A: We have given six alternatives having salvage value equal to the initial investment. MARR is 10% Let…

Q: a car loan in a A man applied financing bank nich charges a rate of 18%. The interest is to be…

A: When money is provided to someone else with the understanding that it would be returned along with…

Q: How much should you pay today to be entitled to receive R$10,000.00 in 5 years, at 10% interest per…

A: PV= FV(1+r)nwhere PV is present value FV is future value r is interest rate n is time period

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: A loan usually refers to a sum of money obtained from a bank or another financial institution. The…

Q: John likes Coca-Cola. After consuming one Coke, John has a total utility of 10 utils. After two…

A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…

Q: Which of the following will cause the demand curve for good Y to shift to the right? O An increase…

A: Rightward shift is the demand curve represents increase in demand.

Q: Wendy works at a hamburger restaurant that's typical for its overall market. She notices that lately…

A:

Q: C = 250+.8Yd I=200 G=50 T=50 Using the Keynesian Multiplier what would the answer be ?

A: Consumption (C) is the process by which products and services are consumed to meet individual needs.…

Q: 1. A college student enjoys eating pizza. Her willingness to pay for each slice is shown in the…

A: Consumer surplus is defined as the difference between consumer is willing to pay and actual pay for…