What is true about the monopoly's marginal revenue? Assume no price discrimination please (just one price can be used)   Question 1 options:   Marginal revenue is lower than the price (except for the first unit), because selling more requires the monopoly to discount the former units as well   Marginal revenue is higher than price   None of the other answers is correct   Marginal revenue is equal to price

Q: The volatility of short-term economic growth gives rise to the balance of payments. O the business…

A: Economic growth means rise in the amount of goods and services from one period to another.

Q: The monetary system in any economy facilitates trade and allows people to trade more efficiently as…

A:

Q: Why does a positive externality create a market failure and how can this market failure be solved by…

A: A cost or benefit resulting from the production or use of an item or service is known as an…

Q: Can someone type a paragraph in a document approximately 350-450 words about 'technology and…

A: Technology, in economics, refers to the changes in the production process in the manner which…

Q: Organised business in KwaZulu-Natal has welcomed the R26bn port investments launched in the…

A: Transport facilitates the assembly of raw materials as well as the distribution of finished goods.…

Q: Price (dollars per pair of gloves) 25 20 15 10 5 S = MSC D=MSB 0 1 2 3 4 5 Quantity (thousands of…

A: A deadweight loss is a cost to society created by market inefficiency due to the disequilibrium of…

Q: CLOTHING (Thousands of pieces) 9 35 30 2 20 15 10 5 O PPC to 34 <+ 090 180 270 380 450 540 630 720…

A: The opportunity cost is time spent contemplating and that cash to spend on something unique. A…

Q: Draw the following production function: y=0.4x+ 0.09x² - 0.003x³ for the value of x between 0-30,…

A: The elasticity of production, also reached the output elasticity, is the percentage modification in…

Q: Using political economy, describe a contemporary common private sector job (say, anurse at a private…

A: Surplus value: - Surplus value is the amount that a capitalist keeps out of the total amount…

Q: We typically focus on firm from well-developed economies entering markets of less developed…

A: Competitive advantage refers to the factors that change an organization to supply product or…

Q: A country is currently in a recession. ( a. Illustrate this economy on a fully-labeled aggregate…

A: Recession refers to the situation where economic activities slow down and output growth is less than…

Q: At a certain interest rate compounded quarterly, P1T will amount to $5T in 10 years. What is the…

A: Given  Present value P=$1T Future value F= $5T Time = 10 years We have to calculate the rate of…

Q: If the production function function y = 2x at an input price Of (DR. 300 and a fixed cost of IDR.…

A: The production function states the functional relationship between the given input and the achieved…

Q: 1. A good with a vertical supply curve has PES equal to: S Price $ Quantity a. 0. b. ∞ c. 1 d. -1 0

A: The measure that depicts the percentage change in quantity being supplied with respect to change in…

Q: Discuss international trade agreements and international economic organizations working to foster…

A:

Q: Given a graph below.  A. Name all the lines or curves.  B. Identify the pricing behavior of a…

A: Given

Q: Consumption function C = 32 +0.8 Y. a. Create saving function b. How much is consumption when…

A: The aggregates are part of macroeconomics. The C is Consumption, S is Savings and Y is Income. The…

Q: Do you think maximum sustainable yield represents adesirable policy for resource managers to follow?…

A: The maximum sustainable yield is the highest yield that may be obtained from a resource over an…

Q: why do shopping carts at grocery stores in vancouver typically require a securiy deposit of dollar…

A: Technology advancement means an increase in productivity in an economy. It means the supply rises…

Q: Modified True or False One of the criticisms of Neoclassical and free-market theory of development…

A: Various Economic theories came time to time. All are made as per the dynamic circumstances and…

Q: Give an example of a concept  you think may be associated with strong macroeconomic performance.…

A: Discalmlier: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: When a country hosts the Olympics this can be expected to        A) reduce the supply of the…

A: The answer is - B) increase the country's exports

Q: A rice farmer wants to analyze his rice farming. Help the farmer to identify the costs incurred in…

A: There are various Cost/expenses being incurred by the firm depending on the nature of the firm and…

Q: EXAMPLE 1.1 Alpha Associates has the following details: Fixed cost = Rs. 20,00,000 Variable cost per…

A: The term break-even refers to the quantity at which the firm is neither in profit nor in the loss.…

Q: Modified True or False Economic Development is a wider concept than economic growth.

A: Economic growth is a quantitative and tangible indicator of the formal economy, primarily focused on…

Q: The pH of the average soft drink is strongly acidic, enough so that it could clean the rust off…

A: In the given scenario we have two tasks to perform. 1. Reduce production cost by reducing packaging…

Q: Why (according to a political economy perspective) do capitalist economies inevitablytend toward…

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…

Q: How did the framers of the Constitution balance the competing claims of local self-government,…

A: When the power is divided among the governing bodies then it will help to efficiently monitor the…

Q: What challenges do economies face in light of optimal allocation and public goods

A: For the most part, the public money idea manages the ideal distribution of assets involving it for…

Q: 3. The figure below shows short run cost and revenue curves firm. Price and cost per unit MC £5 ATC…

A: 3) The curve shows the demand and MR curves along with the cost curves.

Q: The spot exchange rate between the dollar and the Swiss franc is a floating, or flexible, What are…

A: If we calculate the value of one currency in terms of another currency then this concept is known as…

Q: The profit function of our firm is a piecewise function depending on 2 goods: TI(Q₁, Q₂) = AQ² - 30…

A: Profit function : π = AQ12 - 3Q22 + Q1Q2 + 35Q1 + 82Q2 - 245  Original profit at Q1 = 5 , Q2= 10  π1…

Q: Which situation fits Marx's description of the condition of workers in capitalist economies? a. A…

A: Marx's description of the condition of workers in capitalist economies can be explained as follows:

Q: A consumer utility function is U = 1 log x1 + log x2. His budget constraint is given by 2x1 + 4x2 =…

A: The consumer is in equilibrium when he gets maximum satisfaction out of his expenditure. The…

Q: As discussed in class, use your own words to compare the project fast-tracking and the project…

A:

Q: Please don't copy ans                      Economics You are the owner of a motorbike company that…

A: Production function of old firm : f(o) = mL0.5 Of new firm : f(n) = nL0.5 Cost functions are the…

Q: 1. Define the term 'negotiable instrument'. What are its essential characteristics? 2. Discuss the…

A: 1. A negotiable instrument is a document that guarantees payment of a specific amount of money to a…

Q: If an interest rate is 18% per year, compounded quarterly, what is the effective quarterly interest…

A: Effective Rate per Period = 19.1016%

Q: + oto 2. Costing. Using the given information, compute the following: Total Cost Item Inclusion Unit…

A: SOLUTION :-    From the given information the answer is provided as below as follows ,

Q: Assume the following model of the economy: Y = C + I + G C = 120 + 0.5(Y - T) I = 100 - 10r G =…

A: Y = C + I + G C = 120 + 0.5(Y - T) I = 100 - 10r G = 50 T = 40 Md = Y - 20 r Ms = 600

Q: Define ‘business ethics. (B) Explain how the focus on ethical and social responsibilities can be…

A: Business Ethics Corporate governance, market manipulation, corruption, racism, corporate…

Q: With millions of passengers selecting air travel to reach their intended destinations, Caribbean…

A: Since you have asked a question with multiple sub-parts we will solve first three sub-parts for you.…

Q: The consumption function is given by: C = 200+0.75 (Y-T).  I = 200-25r. G = T=100 The money…

A: The desired holding of assets that are considered to be financial in nature in form of money is…

Q: Why is the stability of the velocity of money important in explaining Fisher’s theory of the demand…

A: Fisher Theory of demand for money explains that there exist direct relationship between money supply…

Q: A business needs an immediate capital of 145,000. If the annual operating maintenance cost of the…

A: Given capital = 145000 Annual maintained cost = 90000 Annual rate of interest = 15 %

Q: Assuming that your firms total cost function is, TC (Q) = $21,128+4Q profits when the prices are $7,…

A: Profits are maximum when marginal revenue equals marginal cost. Total revenue is maximum when…

Q: 8 units of milling machine that costs $ 267228 each are bought today. They can be used for 10  years…

A: To find the capitalized cost of the machinery we need to find out the annual worth of costs for each…

Q: During the 2012 fiscal year, households in an economy spent 80 per cent of their disposable  income…

A: Introduction We have given data of a economy of the fiscal year 2012. We have to calculate the…

Q: In 2019, the country of Cheeseling was suffering from a period of high unemployment. The new…

A: "In labor market there are two players employees who supply their labor and employers who demand…

Monopoly Market

When a company and its products dominate a sector or an industry, it is termed a monopoly. When a firm and its products control a market, then it is called a monopoly.