Q: The below graph shows the demand and cost curves for ABC Electric Co, a natural monopoly in a small ...
A: The natural monopoly exists when there is a high start-up cost or powerful economies of scale for co...
Q: Derive the Hicksian demand and the expenditure function for u (x, y) = (0.3/7 + 0.7/9)*.
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A: The expenses that are being incurred for conducting operations of the business are known as costs. T...
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A: Competitive industry A competitive industry refers to a type of industry in which there is a large n...
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A: Taxable equivalent yield The tax-equivalent yield is basically the rate of return required for a tax...
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A: Given that Cheese is a normal good. In the case of normal good the law of demand hold.
Q: 16.) Suppose that a demand curve passes through the points (4,$4.00) and (8,$2.00). What is the pric...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: Which of the following examples comes closest to a perfectly competitive market
A: Perfect Competition : It is a market form where there are large number of buyers and sellers selling...
Q: 4. A monopoly’s supply curve is A. more elastic than is the supply curve of a PC industry. B. the ...
A: Monopoly It describes a market situation in which there is just one seller and a large number of buy...
Q: what step should BC government take to support students who have lost their job due to covid 19.( ex...
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Q: The discount rate will never be equal to interest rate. True or False?
A: Discount rate is defined as the rate of interest which is charged to commercial banks and other form...
Q: (a) Write down the expression of the profit function of the firm if its total costs (TC) are giv TC ...
A: Profit function is a mathematical relation between firms total profit and output. Cramer's Rule is a...
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A: To find : When producer is in equilibrium at point
Q: Given that fixed cost =230 and variable cost=D12Q ; the total cost of producing 30 units of output i...
A: Let's First understand what is total cost. Total cost is the sum of fixed cost and variable cost inc...
Q: Explain what would be likely to happen if the government placed a price floor on milk. Suppose that ...
A: Price floor is a government imposed minimum price for a commodity.
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A: Here, we are assuming that there are 24 hours in a day that a person can divide between working hour...
Q: Carefully explain the Solow Growth theory and its extended variations. That is, thebasic Solow model...
A: The Solow Growth Model is an exogenous economic growth model that explores how population growth, sa...
Q: “Short-Run Production Theory is the mirror opposite of Short-Run Cost Theory,” Is this statement tru...
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Q: The price of a ton of coal is 70AUD in Queensland and the nominal exchange rate with the Indian Rupe...
A: The information given is:- Price of coal In Queensland = 70Aud Nominal exchange rate with Indian rup...
Q: c. Shift the appropriate curve to show the long-run adjustment. Then place the points for short-run ...
A: In the long run economy, with the market share and having a shift in the SRPC, it is an important re...
Q: A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the p...
A: Original CPI=185.4Current CPI=210.7Now,Par value=Current CPIOriginal CPI×1000Par value=210.7185.4×10...
Q: What is monopoly and it's characteristics?
A: The markets are the place where the buyers and the sellers tend to meet and interact with each other...
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A: We have, The PH debt as of today amounts 12 trillion The Philippines have 110million people, with th...
Q: CoRidar the situation faced by à profit-maximizing firm with the cost curves depicted below. If the ...
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Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...
A: The above inputs like labor, capital, and land are the factors of production without which productio...
Q: 14.) What happened in the housing market in response to the Federal Reserve's decision to keep inter...
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A: Consider the below points: *The factor other than price leads to shift in curve.*The factor price is...
Q: QUESTION 26 Which of the following has the highest level of integration? OA Aneconomic union B. Afre...
A: An arrangement being made among nations that involve the elimination or reduction of trade barriers ...
Q: QUESTION 33 Ricardo's theory of trade is based on (A: productivity of labor; B: doportunity cost; C:...
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Q: b) i. Explain two reasons why some analysts argue that FDI will promote development & ii. two reason...
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A: The Balance of Payment(BOP) is the statement that shows the international transactions of any countr...
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Q: What will happen if exchange rate fluctuate? (please do not copy answers on the internet, thank you)
A: Exchange rate: The value of one country's currency in relation to the currency of another country or...
Q: - All inputs can be varied in O Short run O Long run Both neriods
A: To find : How can be inputs varied.
Q: The Mercantilists advocated balance of trade for each country engaged in trade. O True O False
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Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...
A: Total Cost of the firm : TC=a+bQ2 In the long run,perfectly competitive firm produces quantity at wh...
Q: 3. Types of unemployment The three people described in the following table are categorized as unempl...
A: unemployment, the state of one who is equipped for working, effectively looking for work, however in...
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A: A normative statement expresses a value judgement. This is the speaker's opinion; no one can "prove"...
Q: What is meant by diminishing costs and monopoly (imperfect competition)
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Q: Select the correct answer below O for each firm when antitrust regulators split this company exactly...
A: A natural monopoly is a type of economy that exists in the market because of the higher fixed cost o...
Q: Suppose real GDP is $5,361 billion, taxes collected by the government are $528 billion, government s...
A: Use the below formula: Real GDP = C + I + GC = Consumption ExpenditureI = Investment ExpenditureG = ...
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A: A consumer's desire to buy products and services, as well as their willingness to pay a price for th...
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A: "Correct answer is option b."
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Q: Suppose you observe the time series of output y and real money supply M/ P reported in the Figure be...
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Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...
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A: Answer: There will be a negative impact on the trade balance and the real exchange rate of a small o...
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- Which of the following relatively wealthy countries are neither members of the EU nor accepted applicants to become members of the EU? (Multiple Asnwers). 1. Iceland 2. Norway 3. Ireland 4. Switzerland 5. Finland 6. SwedenTurkey is negotiating its accession to the European Union (EU). Make use of economic theory and diagrams to show the direct effects of its entry into the EU. What could be the longer-term advantages and disadvantages for Turkey? Explain.plz don't use chat gpt answer i will 5 upvotes. only own answer What is the primary purpose of free trade agreements? a) To eliminate all tariffs and trade barriers among member countries. b) To impose tariffs and quotas on imports from non-member countries. c) To promote economic growth and integration among member countries. d) To restrict the movement of goods and services across borders.
- Why have some countries rejected the single currencydespite being full members of the European Union?How do EU firms benefit from the enlargement of the European Union? Can you list a couple talking points?1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time
- Occasionally, a government official will argue that a country should strive for both a trade surplus and a healthy inflow of capital from abroad. Is this possible?Who does protectionism protect? From what does it protect them?Economists sometimes say that protectionism is the second-best choice for dealing with any particular problem. What they mean is that there is often a policy choice that is more direct or effective for dealing with the problem—a choice that would still allow the benefits of trade to occur. Explain why protectionism is a second-best choice for helping workers as a group helping industries stay strong protecting the environment advancing national defense
- In Exercise 33.31, is there an ask where Venezuelans may say no thank you to trading with Canada?What three factors will determine whether a nation has a higher or lower share of trade relative to its GDP?Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower trade imbalances, or is the pattern unpredictable?