What are the three reasons that a market might have a monopoly? Give two examples of monopolies and explain the reason for each.

Q: Discuss the three ways in which the gross domestic product (GDP) can be measured? Why does each of t...

A: Definition: GDP The gross domestic product (GDP) is the value of all final goods and services produ...

Q: The rent for apartments in New York City has been rising sharply.  Demand for apartments in New York...

A: Law of demand : suggest that with the hike in the prices, keeping all the other factors affecting th...

Q: How do economist define a "bubble"? Provide an example of an asset market that you think could be th...

A: A bubble is a situation or phenomena when there are expectations of a huge rise in prices (artificia...

Q: How does the Ricardian model differ from the H-O theory in explaining international trade patterns a...

A: The Heckscher-Ohlin theory explains the reason for trade take place between the countries. According...

Q: If the total of a nation's imports are subtracted from the total of a nations exports, the result is...

A: ANS If the total of the nation’s imports is subtracted from the total of a nation’s exports, then we...

Q: I need help working through this problem

A: The price function is given as follows: The total revenue can be represents as follows: Differenti...

Q: Suppose you are offered two options: (i) receive Taka 30,000 at the end of 5 years or (ii) receive T...

A: Future value is the value of present money or the cash flow that Future value refers to the present ...

Q: Why do exchange rates matter to companies, especially those involved with the foreign direct investm...

A: Exchange rate (ER) tells us how much of a currency (home) is valued against the other (foreign). For...

Q: Describe how a change in the exchange rate affect the firm. Explain what happened to your price and ...

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

Q: Explain it correctly

A:

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the progressivi...

A: A progressive tax is a tax system where the tax rate increases as the taxable income increases. It i...

Q: Summarize how the“three players” caninfluence the moneysupply.

A: Money supply represents the total stock of money in the form of currency in circulation or bank depo...

Q: What is the equation of Absolute PPP?  What is the evidence for and against it?  Draw a diagram to s...

A: Absolute PPP - The exchange rates are equal to the relative average price levels of an economy.

Q: (Figure: Determining Surplus 2) In the graph, the producer surplus is equal to Hint: Use the area of...

A: Producer surplus (PS) is the surplus that the producers receive by participating in a market. 

Q: Differentiate between laissez-faire capitalism, the command system, and the market system.

A: Laissez-faire is a theory in economics that restricts government intervention in the economy. That i...

Q: If new substitutes are developed for a product, what will likely happen to the total revenue maximiz...

A: The goods are the commodities that satisfy the needs of the individuals and provide satisfaction to ...

Q: How, if at all, did these events affect the long-run aggregate supply (LRAS) curve? Note that some e...

A: With time increase in the quantity and quality of physical capital, human capital, and technological...

Q: Why might banks be reluctant to lend money if a country has a history of inflation rising unexpected...

A: As inflation rates in the economy increase, the value of money decreases. At this point in time, whe...

Q: A young chef is considering opening his own sushi bar. To do so, he would have to quit his current j...

A: Explicit cost refers to out of pocket expense that is incurred in order to purchase or hire input. I...

Q: Is it possible for marginal utility to be negative while total utility is positive

A: The total utility (TU) can be understood as the total satisfaction that is derived from consumption ...

Q: Explain it early and correctly

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...

Q: Please solve the screenshot and explain each step clearly. Thanks!

A:

Q: Lucas likes lemon soda (X) and chips (Y). His utility function is given by: U (X, Y) = X0.2Y0.8  He...

A: Since there are multiple sub-parts in the question, only the first three sub-parts will be answered ...

Q: 6. (External Costs with Variable Technology) Think of an industry that pollutes the water and has ac...

A: When a third party receives benefits or costs while consuming or producing a good or service it is k...

Q: Between January 2012 and January 2019,U.S. employment increased by 17.3 million workers,but the numb...

A: Labour force of a country includes both employed and unemployed and are actively looking for the job...

Q: The pie chart to the right illustrates hypothetical data for the market share for the United States ...

A: explanation A pie chart is a tool of data representation available to the analyst to break the data ...

Q: A tariff has been placed on sisal, a plant that is used to produce sisal rugs. Wool rugs are a subst...

A: The sisal plant is used in the production for sisal rugs. When tariff is imposed on the sisal plant ...

Q: Give two examples of price discrimination. In each case, explain why the monopolist chooses to follo...

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want rem...

Q: 25- 20 15 10 10 20 30 Good A 40 50 O A. Additional capital is raised. B. More workers and workers in...

A: Production Possibility Curve represents different combinations of two goods that can be produced in ...

Q: Suppose a demand function is given by p = 15 + 6000(q+25)-1 and the supply function is given by p = ...

A:   Therefore, equilibrium price, p* = 83.1 and quantity ,q* =63.10.

Q: What is the difference between private and social costs?

A: There is a difference between private costs and social costs. This difference should be known to kno...

Q: India joined Indonesia in a free-trade area. Before the union, India imports 250 thousand traveling ...

A: Hey, thank you for the question. Since there are multiple questions posted, we will answer the first...

Q: Identify which are goals of monetary policy, and which are not. Goals of monetary policy Not goals o...

A: Monetary policy is the tool that is used by the central bank of a country. It is used to impact the ...

Q: Economics Question

A: Demand – Supply model is the basic foundation of Microeconomics. If price increases then quantity de...

Q: What effect might a fall in stock prices have on businessinvestment?

A: Stock prices are a price at which the stock is being exchanged in the stock market. Stock market is ...

Q: What is the opportunity cost (in civilian output) of a defense buildup that raises military spending...

A: Opportunity or trade-off costs shows the potential betterment an investor or individual missed out w...

Q: Suppose that in Zambia, people consume only two goods, peas and beans. Suppose that John, a citizen ...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Maria can purchase shirts for ​$22.00 each. She considers the benefit of one shirt to be ​$40.00​, b...

A: According to the Principle of Optimization at the​ Margin, a rational consumer consumes a product as...

Q: Why might a central bank choose to monetize the debt,knowing that it could lead to higher inflation?

A: Debt monetizing refers to the sponsoring of government expenditures by the monetary authority of the...

Q: Ariana Grande has just finished recording her latestCD. Her record company’s marketing departmentdet...

A: Total revenue is equal to the price of the commodity times its quantity. Marginal revenue refers to ...

Q: 6. A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs a...

A: Given that: Cost Function: Total Cost = Fixed Cost + Variable Cost, where fixed cost = $5000 and ...

Q: What is moral hazard?

A: Asymmetric information arises in the market, where one of the parties involved in the transaction ha...

Q: Q) Larry was accepted at three different universities and must choose one. Elite U costs $50,000 per...

A: ANS Let us denote Elite U by EU, State College by SC, and NoName U by NU. Given,Larry values the EU ...

Q: I need help with question 4, especially with the graph. Please give a step-by-step on how to create ...

A: Given Information: Ap = 6,200 – 200r Value of the multiplier, k, is 2.5. IS curve, Y = kAp  IS = Y =...

Q: Assume that a competitive economy can be described by a constant returns to scale, Cobb–Douglas, pro...

A: Labor share of total income refers the income that obtained due to using the labor.