Which long-run average total cost (LRTC) graph exhibits diseconomies of scale? LRATC LRATC

Q: Assume a good whose supply is perfectly (infinitely) inelastic. Without a tax, the price $10. If the...

A: When the supply is perfectly inelastic, it implies that the supply curve is vertical to the y-axis. ...

Q: Suppose there is another consumer in the market for hamburgers, Mort. His demand schedule is given b...

A: Equilibrium occurs at the intersection of demand and supply curves, that is where quantity demanded ...

Q: As we move up and to the left along a linear demand curve, the price elasticity of demand at fi...

A: In democratic government it has been seen that there is  the partnership and contribution of both pu...

Q: Suppose that the inverse demand for San Francisco cable car rides is p = 10 - Q/1,000, where p is th...

A: Revenue refers to the total amount that the sellers or producers of a good or service receives in se...

Q: Your company operates in a perfectly competitive market. You have been told that advertising can hel...

A: In perfectly competitive market there are many buyers and sellers and the goods are identical.

Q: The company is at P = AC with profit = 0, are investors interested?

A: Investors are the people who shows their interest in the business to get returns on their investment...

Q: Maria has decided to have a birthday party for 5 of her friends. She needs to buy sausages, bread an...

A: here we find the correct option by the following method as follow;

Q: Suppose that an investor wishes to deposit an amount now so that in 30 years $1,000,000 will be in a...

A: Let the amount deposited now be represented by P. Let F represents $1,000,000 which appears to be in...

Q: An engineer bought an equipment for P 500,000. Other expenses including installations amounted to P ...

A: Given  Cost of equipment =P500,000 Installation cost =P30,000 Salvage value at the end of 10 years =...

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production. 

Q: Can you please explain step by step Practice problem #2 Tania has utility U = 20/Cī + c2 & income m1...

A: Above questions pertains to intertemporal choice problem in which a consumer optimizes its output be...

Q: Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can ch...

A: Answer -

Q: Consider the p-beauty contest game. a group of people wrote down a number between 1 and 100. 2/3rd o...

A: Given information Number of players =n chooses between 0 to 100 number Winning is nearest to 2/3 of ...

Q: 1. According to the law of supply, there is a A) negative relationship between price and the quantit...

A: Note:- Since we can only answer one question at a time, we'll answer first one as the exact one is n...

Q: The Figure below shows the trade in financial services between Britain and the EU. SB denotes the su...

A: Consumption is the utilization of goods and services by families. Consumption is unmistakable from c...

Q: QUESTION 11 The table presents some cross-price elasticities for various goods. Goods Cross-Price El...

A: Cross Price Elasticity : The cross price elasticity shows the change in the quantity demanded of one...

Q: Identify the returns to scale (increasing, constant, or decreasing) for the following production fun...

A:

Q: 7. According to the mercantilists: A) Only one nation can gain from trade, and it is at the expense ...

A: Trade is defined as the exchange of commodities and services across the boundary of the country.  In...

Q: How the SINDH Rural Support Organization (SRSO) devoplop training design for there employees?. In de...

A: SRSO intends to launch the Enterprise Building Program with a pilot project that will focus on effec...

Q: Table 1.1: Total expenditure in Thalland, by category, 2014 Category of Spending us dollars (bilone)...

A: According to the above mentioned question, the values we have are:- Government consumption = 69 Valu...

Q: Suppose a country is experiencing a situation where output is above the full employment level of out...

A: Full employment is reached where the all resources are used or employed efficiently.   

Q: Q1) The economy produces only two products: vegetable oil and wheat. TH following table shows quanti...

A: Given: Vegetable oil: Quantity: 200 Wheat: Quantity:400 Note: Due to multiple subparts being posted,...

Q: Examine the data in Table 6.7 on UK immigrants by ethnicity and generation. The data are from the Br...

A: Given information In the given table income gap or inequality of income received among whites and e...

Q: amount of money be deposited now at 4% interest will provide perpetual payment of P which will start...

A: Perpetual payment refers to payment which is made for infinite number of periods. Answer :(a)

Q: Price (dollars per bushel) Quantity demanded (bushels) 8 2,000 7 4,000 ...

A: If one takes change in price from $8 to $7 per bushel then the quantity demanded of snow peas increa...

Q: A manufacturing firm can sell x number of units of each product produced per month at a price of (24...

A: TR(TOTAL revenue) is the product of p(price) and x(quantity). TC(TOTAL cost) is the sum of fixed and...

Q: 1.1 Economics concerns itself with: 1. A systematic understanding of patterns of production, consump...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive market firms do not have any power market power because goods are identical...

Q: Afake economy has a trade deficit of 500. imports of 800 and national savings of 2000, Investment in...

A: Given information are  Trade deficit =500 Imports M=800 and National saving S=2000

Q: Will giving children/students money help improve their interest in Economics and increase their over...

A: When talking about the study of economics and finance, it can be said that a student learns a concep...

Q: rue or False 1.  A cooperative is a business organization owned by a group of individuals and is op...

A: In sole proprietorship, there is only a single owner of the business/company. So, all the risks of t...

Q: If a corporation decides to issue their shares of stocks to the public for the first time, which of ...

A: Shares refer to the ownership of the company. If a company buys shares of a particular company then ...

Q: Define the term fiscal policies and explain the government's government role in developing fiscal po...

A: Fiscal policy is defined as the decision taken by the government to control the level of its spendin...

Q: QUESTION 32 Which of the following is not a decision made within the context of the long run: a. the...

A: If the existing firm is making a profit in the short run, then the new firm will enter the market in...

Q: Using the table below answer the following question   Price Quantity demanded  Quantity supplied $...

A: The equilibrium price in the market for skateboards in $500. At this price the quantity demanded and...

Q: Six hundred pesos is deposited each year into a savings account that pays 6 % compounded continuousl...

A: Amount invested each year = 600 Time = 8 years Interest rate = 6 % compounded continuously   

Q: Consider an election contested by two candidates L & R; when L spends $x million on advertising and ...

A: Given information 2 candidates are in election L and R L pends X million on advertising campaign R s...

Q: Discuss NAFTA and The Association of Southeast Asian Nations (ASEAN).the answer was already provided...

A: 2. Two benefits of NAFTA (a) Prices reduction Import prices were also lower as tariffs were decrease...

Q: 1. Is adherence to a good practice and ethical principles in business activity a factor in the effec...

A: When business people manufacture a product, cost  takes place for that product and process of busine...

Q: Q. Differentiate the Expected real interest rate to Realized real interest rates? Give examples.

A: The realized interest rate is given by subtracting the nominal rate from the current inflation rate....

Q: A mechanic quits her current job, which pays $38,000 per year. She can take a job with another firm ...

A: Opportunity cost is defined as the cost incurred when an individual gives up one good for the other ...

Q: What will happen to Vladimir Putin after the war with Ukraine? What kind of consequences will he and...

A: Throughout 2021 and 2022, Russian military development on the boundary of Ukraine has raised pressur...

Q: 2. From the data shown in the table below about demand for smartphones, calculate the price elastici...

A: Elasticity of demand Elasticity of demand is the degree to which demand fluctuates in reaction to ch...

Q: Assume that machine (K) and labor (L) can be used as perfect complements to perform some administrat...

A: Given  Production function: Q=10min(K,L)           .... (1) Where K is  machine and L is labor

Q: Which of the following is NOT an example of improper methods when conducting a cost-benefit analysis...

A: A cost-benefit analysis is a systematic process used by businesses to determine which decisions shou...

Q: $10 ATC 8 AVC 10 20 30 40 Quantity Using the above graph, calculate the firm's total cost of produci...

A: Average cost is per unit cost of production. Average variable cost is the per unit variable cost of ...

Q: 1.Would you consider an interest payment on a loan to a firm an explicit or implicit cost?

A: Implicit cost: It can not de directly conveyed in monetary terms. For example, cost related to emplo...

Q: Use the following supply and demand schedules for skate boards in table 18.1, to answer the question...

A: Solution(a):- When the price ceiling of $700 i.e. above the equilibrium price is implemented, it is ...

Q: 4 a b c

A:

Q: Since a perfectly competitive firm can sell as much as it wishes at the market price, why can the fi...

A: Perfect competition is the market structure where there are large no of buyers and sellers selling h...