Which of the following is not a barrier to entry for new firms in an industry?  A. Economies of scale B. License C. Patent D. Trademark

Q: UNIT 1 BU224 ASSIGNMENT TEMPLATE 3. Assume that a country that once had a lucrative oil-producing in...

A: Following are the few Basic Principles of economics: 1) People face trade-offs because resources are...

Q: pls answer this question 9-5 & 9-7 only in ur words within 15-20 minutes without any plagiarism...

A: Answer - "Thank you for submitting the questions.But, we are authorized to solve one question at a t...

Q: The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $580 per person pe...

A: Amount charged by the owner of a luxury motor yatch= $580 Number of people signed for cruise= 20 Let...

Q: Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.0...

A: Given; Income of the consumer=$200 Price of beer= $6 Price of pretzels= $3

Q: True or False 1. The breakeven point always maximizes the profit.  2. Selecting the best alternati...

A: The Break even point is the point where the Contribution Margin is equal to the fixed expenses or we...

Q: What is the role of Econometrics in Economics or in Agricultural Economics?

A: When studying economics, it can be seen that economics is divided into different parts according to ...

Q: Suppose that beer and pretzels are unrelated goods (neither complements nor substitutes). Which of t...

A: Basics:- Substitution effect occurs when two goods can replace consumption of each other. Example:-...

Q: Refer to the two tables below, which show, respectively, the willingness to pay and the willingness ...

A: we know that equilibrium price is obtained when the supply of goods is equal to demand.

Q: True of False? Most economists support protectionism against international trade in cases where dome...

A: Protectionism refers to the policy adopted by the government to protect domestic industries and firm...

Q: Choose one of the following examples and explain whether you think that the government should ban th...

A: Banning any product is not the ultimate solution to any of the issue because it will create a situat...

Q: Consider a product market with three consumers X, Y and Z with demand function QX = 6 – PX, QY = 3 –...

A: Given the demand curves for X, Y, Z QX = 6 – PX, QY = 3 – ½PY and QZ = 12 – PZ 

Q: Assume that unemployment at date t+1, Ut+1, is defined as: Ut+1 = Ut Mt + St, (1) where Ut is unempl...

A: Unemployment, according to the OECD, is people above a specified age not being in paid employment or...

Q: 7) If investment falls a lot when the interest rate rises, there will be A) a steeper investment cur...

A: An item or an asset that is being acquired with the sole goal of appreciation of the asset or genera...

Q: In order for for a country to be able to find jobs for its huge population and hence a huge labor fo...

A: The nation shall also respond to the taste and preference of the employer. It means that the labour ...

Q: The price of widgets has decreased from $6 to $5, causing the quantity demanded to increase from 300...

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...

Q: D. Q, Quantity (bags) Quantity (bags) Instructions: Round your answers to two decimal places. a. Wha...

A:

Q: Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the comp...

A: Marginal cost is the change in total cost due to a change in output by a unit. 

Q: Part A: Return on Investment You are an HR manager responsible for organizing the company's new sale...

A: ●Donald Kirkpatrick, former Professor Emeritus at the University of Wisconsin, first published his m...

Q: Which of the following refer to duties and taxes imposed by the government on the goods imported fro...

A: Tariff barriers Option 3rd is correct. Tariff barriers refer to the tax imposed by the government on...

Q: For A and B, create a scenario for each and draw the initial S&D position and explain the shift due ...

A: The curve that depicts quantities being demanded by individuals at different levels of price is know...

Q: Why does protectionism cost jobs in other unprotected industries? Select the two correct answers bel...

A: Answer: Protectionism provides support and creates jobs in a specific industry but it causes loss of...

Q: Jan wealth W = 100, has a utility function with respect to wealth of U = .5W^(2) , and faces a gambl...

A: Given: U=0.5W^(2)

Q: Each rectangle you can place on the following graph corresponds to a particular buyer in this market...

A:

Q: Recent evidence suggests that output per worker is

A: To find : Which is correct option. 

Q: 1) Lorenz curve show the inequality in income distribution but it does not show a) the debts involv...

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

Q: Which of the following is an international price discrimination in which an exporter firm sells a po...

A: Option A : Dumping is a form of international price discrimination where an exporter firm sells some...

Q: i. What can you say about the cross-elasticity of demand between petrol and car markets? XED = 0 1> ...

A: Answer -

Q: Which of the following statements is incorrect? Group of answer choices Private markets are organize...

A: Here, information about the exchange of securities between savers and investors are given.

Q: Manually calculate the compound amount and compound interest (in $) for the investment. Compound Amo...

A: A = Amount  P = Principal t = Time  Nominal rate= r  Compound interest (CI) = Amount(A) - Principal(...

Q: iii. If electric vehicles are considered as close substitutes of fuel cell vehicles (fuel cars) then...

A: When goods are closely related then price of some are tend to effect supply and demand of other good...

Q: What is the future worth of P600 deposited at the end of every 4 months for 4 years if the interes...

A: GIVEN   C = 600 i = 12% n = (12/4)*4 =12

Q: True or False 1. For any economy study based on our discussions, it is always necessary to determin...

A: In a market, there are different ways to analyze an investment whether it is feasible or not, accord...

Q: You are the manager of Taurus Technologies, and your sole competitor is Spyder Technologies. The two...

A: Given; Cost function; C(Qi)=2Qi Demand function; P=650-3Q where; Q=Q1+Q2  

Q: If demand is steeper than supply, this means that Select the correct answer below: producers pay a l...

A: consumers pay a larger proportion of tax Option 2nd is correct. Consumers will bear more of the tax ...

Q: as firms and workers play to their comparative advantage, trade will also cause the average level of...

A: The measure that depicts the transfer of goods from one entity to another being done in exchange for...

Q: Explain why LAC is called the envelope curve further bring out the difference between economies of s...

A: The LAC curve will be a smooth curve that encircles all short-run average cost curves, hence the ter...

Q: 12. Excise tax is a part of A. O Fixed cost В. Variable cost C. O Implicit cost D. O Is not a part o...

A: Variable cost (VC): - it is the total value of the cost incurred in the employment of variable resou...

Q: Consider the problem of an individual that has Y dollars to spend on consuming over o periods. Let c...

A: In period 1 : Consumption = c1  Income = Y  Budget Constraint : P1c1 + s = Y  Y - P1c1 = s Income in...

Q: Derive the steady state level of unemployment and the steady state unemployment rate in the bathtub ...

A: Bathtub model of unemployment in the steady state represent that the change in unemployment is zero....

Q: Which of the following is not included in the objectives of tariffs? To promote indigenous research...

A: A duty or tax that is being paid for a certain type of exports and imports is known as tariffs. 

Q: Which of the following refers to the direct restriction on the quantity of goods which are imported ...

A: Taxes are referred to as a charge implied on the use of public property or purposes. It is levied by...

Q: Suppose a firm faces the following average and marginal products of labor: APL = 200 + 5L - 0.08L2 M...

A: Stage II of production begins at the point where the marginal product of labor (MPL) and average pro...

Q: Education seems to be important for human capital deepening. As people become better educated and mo...

A: Human capital refers to the increase in the productivity of a labor due to a rise in the economic va...

Q: Household spending on education Household spending on cars and furniture Household spending on real ...

A: answer calculate the Personal Income for this sample economy 

Q: . At the point of equilibrium of firm (under perfect competition)

A: To find : What happens at point of equilibrium of firm. 

Q: How might you move an underperformer to partner status?

A: Corporations are a famous type of business association for huge and independent ventures. In this ex...

Q: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

A: Money has evolved since long time ago and currently money is used in the form of currency. There are...

Q: The prairie dog has always been considered a problem for American cattle ranchers. They dig holes th...

A: Cattlemen use portion of the ground adjacent to the fence for dog breeding. This property could have...

Q: Illustrate the market demand and market supply curves.

A: Many individuals purchase a particular good. Market demand curve for a good is the addition of the i...