Which of the following is true for a monopoly? a. p=mr b. p=mc c. a monopoly can sustain positive profits in the LR d. none of the answers are correct

Q: How does international trade affect the economic well-being of the Philippines? Explain who gains an...

A: International trade is the  exchange of goods and services that goes in between the countries, and h...

Q: 1. Emily recently graduated with a B.A. in economics and was offered a job with a small but growing ...

A: Given: Emily's earning is = $38,400 per year Emily inherited = $60,000 The interest per year = 5% He...

Q: 13. Rashad and Brianna decide to go on a vacation. As a result, they withdraw $5,000 from their savi...

A: "M1 is a measure of money stock which includes currency, coins held by the non-bank public, traveler...

Q: Please answer in paragraphs. Rate will be given! Give an example of an Elastic product, what makes ...

A: Elasticity is an important concept used in business to determine the extend to which the quantity de...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: In a market, the elasticity of demand has a significant impact on the total revenue of the firm when...

Q: 2. At a constant rate, in what direction should your IS curve shift to meet equilibrium 1.2 1 0.8 0....

A: At a constant rate (0.6), the horizontal line will not move anywhere. However, the IS curve is the o...

Q: Show that the equation x + 2y- 3x +5 =0 represents a parabola. Find the focus, vertex, axis and dire...

A: Answer:

Q: what do you think are the major implications of Ukraine-Russia crisis? Consider a particular good or...

A: A Russian military buildup on Ukraine's border is planned for 2021 and 2022. This heightened tension...

Q: 1. there are two companies (company 1 and company 2) that operate in a market where both firms produ...

A: Given that: Q = 11 - 0.25PQ = q1 + q2TC = 4qa In Bertrand Competition with homogeneous items, the pr...

Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...

A: [a]In the given details regarding the total cost incurred on the number of students served in the pa...

Q: There is evidence that income per worker is converging in A) the richest countries and the poorest c...

A: The measure of the amount of income that is being earned per person in a geographic region or nation...

Q: Trade between nations can be mutually beneficial if one country has  a monopoly. an absolute advanta...

A: When two countries are involved in an international trade there are always gains from trade.

Q: 1)How do you go from many midpoint indicators to one endpoint indicator in LCIA, for example to DALY...

A: Before reaching the endpoint, a midway technique examines the effects earlier in the cause-effect ch...

Q: Several members of Parliament have been greatly concerned about the fairness of salaries in the mark...

A: Minimum wage is the form of price floor which is set by the government in order to protect the emplo...

Q: How did the COVID-19 pandemic affect the economic, social, and political aspect of the Transportatio...

A: Introduction Covid - 19 pandemic affects not only Philippines economy but it affects every economy v...

Q: The economy of Northhurst is currently experiencing GDP growth of over 7% with inflation rates of 4%...

A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answer to the f...

Q: What is meant by the term exchange rate .

A: The rate at which one currenccy of a nation is exchanged to another is commonly known as an exchange...

Q: In this problem, p is in dollars and x is the number of units. The demand function for a product is ...

A: Equilibrium of market is achieved when demand for goods and services are equal to supply for goods a...

Q: 39) A profit-maximizing firm in a competitive market produces small rubber balls. When the market pr...

A: "A profit-maximizing firm will always produce at a point where it's marginal revenue equates the mar...

Q: (x)  The federal healthcare spending program that specifically targets the poor is called Medicaid a...

A: The answer is - 1. (x), (y) and (z)

Q: 1. Complete the following table and answer the questions below: Units consumed Total utility Margina...

A: "According to the guidelines, solution is given to the first question." 1. "Total utility refers to ...

Q: Suppose the economy has 100 units each of goods X and Y and the utility functions of the (only) 2 in...

A:

Q: ) In 2021, Jay purchases a car for $22,000. The value of the car depreciates (exponentially decrease...

A: The above question is based on the calculation of Depreciation. Depreciation refers to the fall in t...

Q: M/c question - Micro 29) What is a characteristic of a perfectly competitive market?  A. Goods off...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: Robert wins $5,000,000 at the lottery; however, he is not going to receive the full prize immediatel...

A: To find the present value of future cash inflows, we discount the values of future cash inflows with...

Q: "If a normal form game has no pure strategy Nash equilibrium, then in any Nash equilibrium, at least...

A: Statement true  

Q: A city is spending $20 million on a new sewage system. The expected life of the system is 180 years,...

A: Cost of new sewage system = $20 million Expected life = 180 years  Operating and maintenance cost = ...

Q: Whichofthefollowingstatementsis(are)correct? (x)  A payroll tax is a tax on the wages that a firm p...

A: A payroll tax is a tax that the firm levies on workers for social security purposes. It is directly ...

Q: Air pollution creates a negative externality—a cost suffered by a third party as a result of an econ...

A: Externality is the negative or positive spillover by the consumer or producer which affects the thir...

Q: If the demand of a company can be expressed as P = 750 - 2 Q^ 1.5, where Q is the quantity and P is ...

A: Given  Demand of a company: P=750-2Q1.5          ... (1) Where Q represents the quantity and P repre...

Q: Which of these countries had the highest per capita expenditures on health care in according to the ...

A: According to the OECD, the top 5 countries that spend the most in healthcare per person as per 2018 ...

Q: such that 8,000 cars are produced at $22,500 per car.  1. Use a supply and demand diagram to graphi...

A:

Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...

A: The inverse demand function shows the inverse relationship between two variables that are price and ...

Q: IHRM practices are sector-specific because a) Some sectors trade more in the alobal economy than oth...

A: When talking about international human resource management (IHRM) it is said that this management is...

Q: According to MMT : Group of answer choices   a. none of the above   b. Government deficits are ...

A: The Modern Monetary Theory (MMT) is an economic theory that proposes that the government could spend...

Q: The groups who spend aggregate income are: O Households, businesses, governments and foreign sector ...

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

Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...

A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...

Q: 3. The government of a small country needs to raise money to fund school improvements. It is conside...

A: Deadweight loss is a loss of surplus either its consumer surplus or producer surplus by putting the ...

Q: 40 The following cost data is for a firm which is selling in a perfectly competitive market It the m...

A: In perfectly competitive market prices constant so it is equal to marginal revenue. Profit is maximi...

Q: Multiple choice - microeconomics 45) Refer to Figure 13-2. What does the changing slope of the to...

A: 44) In short run, there is at least one fixed input and some variable inputs but in the long run, th...

Q: CLASSES OF GAMES Consider the following game in strategic form. bị b2 b3 a1 6,1 2,2 8,3 a2 9,6 5,4 3...

A: Given information Game pay off matrix

Q: $/4 MC 6.70 6.00 ATC 4.90 4.00 AVC d = MR 2.80

A: A price taker firm produces at the intersection point of demand and MC curve in the short-run in ord...

Q: advertises, Expresso makes a higher profit if it chooses doesn't advertise, Expresso makes a higher ...

A: All answers given below,

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A:   Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: What is the Need for Integrating Macro and Micro economics?

A: Answer: It should be stressed that none of the two methodologies discussed above can effectively ass...

Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and ...

A: Tax incidence The economic cost of a tax is distributed among those who are impacted by it, which is...

Q: Solve the problem. A beverage company works out a demand function for Its sale of soda and finds it ...

A: When the demand is inelastic, the percentage change in quantity demanded is less than percentage cha...

Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...

A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...

Q: nation's ability to produce a product more efficiently than another country is referred to as global...

A: When the two countries are open to free trade there are always gains from trade.

Q: Write the professor Knight's view about the " Uncertainty Bearing" Theory of profits?

A: Answer: According to Prof. Knight's conceptual  framework, the entrepreneur's specific function is t...