This is a general question you may consult the internet or use your own knowledge as to how the pandemic affected our economy?

Q: Assume a Cobb-Douglas production function of the form: q = 10L0 58 K0.79 What type of returns to…

A: Increasing returns to scales  are present when increasing all factors of production by t leads to…

Q: Activity 2: Taxes and Salary are related to one another when it come to purchasing power which…

A: The worth of a currency is stated in terms of the number of commodities or services that one unit of…

Q: UDP using income approach c. Suppose that in the next year export decrease to 1650 million. Import…

A: Gross domestic product (GDP) is the standard measure of the value added created through the…

Q: Inflation Unemployment If the Phillip eurve shows that unemployment is low and inflation is high in…

A: In an economy, the Philips curve is used by economists to analyze the economic growth of that…

Q: Exercise 7.3 An insurer issues a whole life insurance with sum insured $500 000, with premiums…

A: Net premium is defined as the insurance premium that includes he amount that is needed for the…

Q: In the short-run, a tax increase Select an answer and submit. For keyboard navigation, use the…

A: Whren the government follows contractionary fiscal policy, the higher tax will result in income to…

Q: 1. Gotham City’s Water and Sewer provider is a regulated natural monopoly that has a cost function,…

A: A deadweight loss occurs when the socially optimal quantity of a good or service is not produced,…

Q: INFINITE REPETITION Consider the infinitely repeated game constructed from the following stage game.…

A: Given pay off matrix

Q: Alice and Bob are playing a repeated game in which a certain stage game is played twice in…

A: In the above game , the stage game is played twice in succession . Stage game refers to the base…

Q: What is a Strategic Issue? How might we go about identifying a strategic issue? Consider how an…

A: A strategic issue is any unsolved problem that requires attention in order to promote the…

Q: Jim's Camera shop sells two high-end cameras, the Sky Eagle and Horizon. The demands and selling…

A: Revenue is the total income that is derived from the normal operations and activities of a company.

Q: Which of the following statements about the oligopoly models are correct? Select all that applies.…

A: We have definitions of each competition as

Q: A department store is about to order deluxe, standard, and economy grade DVD players for next year's…

A: Given information Row player has 3 strategy { Deluxe, Standard, economy} Column player has 2…

Q: possible What limits a consumer's consumption choices? A consumer's consumption choices are limited…

A: Consumer can only buy a good which is affordable for him and lies within his budget.

Q: Suppose that the market demand for facial mud packs are given as follows: P = 2,200 – Q. Mud packs…

A:

Q: 3) The short run is a period of time in which A) nothing the firm does can be altered. B) the amount…

A: "Short run is a period of time in which firm is not in a position to alter all the factor inputs of…

Q: In order for a higher-cost alternative to be attractive, the incremental benefit-cost ratio must be…

A: The benefit-cost ratio is a pointer showing the connection between the relative expenses and…

Q: What are the major characteristics of oligopoly and monopolistically competitiive market structure?…

A: Monopolistic competition refers to a market state with high levels of competition among firms…

Q: An auto manufacturer is considering adding new automation to their assembly line to production…

A: *Answer:  As per the beta distribution, the average revenue for an year can be calculated as:…

Q: The measurement of the efficiency of investment in inventory is referred to as: Question 6 options:…

A: PLEASE FIND THE ANSWER BELOW.

Q: 4 Suppose a closed economy not in full employment. Consider a positive IS shock. Describe in detail…

A: The term IS refers to the fact that in a closed economy  the curve represents the income and…

Q: Revenue increases from 10 to 12 and the income elasticity of demand is - 0.5. The quantity demanded…

A: Elasticity is used by firms to determine the prices of their products and to increase/ decrease…

Q: 6. A firm has estimated that the fixed costs of operations for a new product at $2,000,000 per year.…

A: Answer: Given, Fixed cost (FC)=$2,000,000Variable cost per unit=$250 per unitPrice of the product…

Q: explain your understanding of monopolies' impact on consumer welfare and how policies towards…

A: Monopoly refers to the type of market or industry in which the whole market is controlled by a…

Q: Assume that n= 1. The real interest rate is %. (Round your response to two decimal places.)

A: Real Interest Rate refers to the interest rate that has been adjusted for inflation. It shows the…

Q: What single sum at t-8 is equivalent at 3% compounded annually to the following cash flow profile ?…

A: Answer is given below

Q: Two firms compete by choosing price. Their demand functions are: Q1 = 20 -P1 +P2 and Q2 = 20 - P1 +…

A:

Q: A. Consumer surplus and deadweight losses are transformed into monopoly profits.  B. Consumer…

A:

Q: 13. In which market the Peak-Load pricing Model is usually used? a. rail b. airport c. electricity…

A: Peak load pricing is a concept used by producer to earn more profits. At the times of peak demands,…

Q: What are the four determinants of the demand of the Canadian dollar?

A: The urge to hold financial assets in the form of money is referred to as money demand. These…

Q: What happens to total revenue if a) demand elastic, price decrease. b)demand inelastic, price…

A: Price  Revenue Elasticity     When Price increases When price decreases There will be no change…

Q: 3. How much money must be invested in a retirement plan each month to accumulate $500,000 in 20…

A: Answer: Given, Future value FV=$500,000n=20 yearsn1=20×12=240 monthsr=6%r1 interest rate compounded…

Q: Countries like finlamd and norway are unlikely to suffere from the scarcity problem as defined in…

A: Financial Balloon in the economy is a situation where there is sudden surge in the prices of assets…

Q: The graph on the right represents the demand, marginal revenue, and marginal cost curves for a…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: Suppose that the price of product A decreases from $22 to $18 and, as a result, the quantity…

A: Cross price elasticity measures how quantity demanded of a good changes when price of the other good…

Q: nalization described in my notes, Section 11.1. If the manufacturer he wholesale price equal to its…

A: Marginal profit is the expansion in profits coming about because of the development of one extra…

Q: reserves are equal to $0 when the reserve ratio is 10%, the bank has deposits of $

A:

Q: Suppose a bank has $2,500,000 in checkable deposits and the required reserve ratio is 20%. Also, the…

A: Required reserve ratio is a percentage of reserves that commercial banks want central banks to hold.

Q: A monopolist’s demand function is given by D(p) = 90 − 2p. This monopolist is facing a cost…

A: D(p) or y = 90 − 2p p = 45 - 0.5y C(y) = (1/2)y2 + 600 TR = p*y TR = 45y - 0.5y2

Q: Explain the impact of each of the following scenarios on only the market for apples in Gauteng.…

A: The changes in demand and supply of goods depend upon various factors. Changes in price will lead to…

Q: If supply and demand function likes P=20+2Qs and P=60-3Qd. And government decide impose ceiling…

A: Price ceiling is the maximum price that can be charged. It is imposed to protect consumers against…

Q: Price Marginal Cost $20 15 10 Demand 100 150 200 Quantity Marginal Revenue

A: A monopoly maximises profit at a point where marginal revenue is equal to marginal cost.

Q: If demand is price inelastic: O a. An increase in price decreases revenue O b. An increase in price…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level

Q: The United States is an example of a Federal system where power is shared between the central…

A: A federal government is a system of power sharing that has a central national government and local…

Q: A highway bridge is being considered for replacement. The new bridge would cost $X and would last…

A: * SOLUTION :-    (2)

Q: 1.) During the early months of the pandemic in 2020 a.) the price elasticity of demand for some…

A: When talking about initial pandemic situation, it can be seen that there was a high fluctuations in…

Q: Suppose Jackie runs an apple farm. Jackie has one fixed factor of production. Suppose that Jackie's…

A: In a typical short-run average cost curve, the shape is U-shaped with the minimum value of the cost…

Q: Consider the infinitely repeated game constructed from the following stage game.

A: Nash Equilibrium is defined as the equilibrium where the players in the game do not gain any…

Q: When a monopolistically competitive firm is in long-run equilibrium, what is the case?  A. Price…

A: There are large number of firms selling differentiated goods in monopolistically competitive market.

Q: Suppose a bank's assets have an average duration of 3 years, and its liabilities have an average…

A: In a market, duration gap refers to the market analysis approach which examines the sensitivity of…