Which of the following market types are allocatively efficient?   Question    Monopoly   Oligopoly   Monopolistic competition   None of the above

Q: A company is planning to raise savings with associated probabilities shown in the table below. The…

A: MARR The minimum acceptable rate of return (MARR), or hurdle rate, is the minimal rate of return a…

Q: 4. Tyrone spends his entire income on two goods, X, and Y. His utility function is U=XY, and the…

A: We know that at the optimal the consumer should consume at the point where the slope of the…

Q: $20 $18 $10 $15 $5 D. D O 80 100 Quantity of Labor (millions) O 150 170 Quantity of Labor (millions)…

A: Initially,  In the country A: 100 workers were working at a wage rate of $5 per hour. So, the total…

Q: ). Economic development is measured by. a) an increase in the aggregate level of output. O b) an…

A: The volume and variety of economic resources, as well as their equal distribution, are all…

Q: Your friend borrows P10,000 on May 1 and must repay a total of P10,700 exactly 1 year later.…

A:

Q: A rise in the CPl implies that the price of the combination of goods and services purchased by the…

A: CPI stands for Consumer Price Index.

Q: Refer to Daisy's PPF  Given Daisy's PPF, the following production combo,  12 pies and 12 tarts is…

A: Production possibilities frontier shows combinations of two goods that can be produced with the…

Q: The Reinheitsgebot is a set of laws established in the 1500s that regulate the production and sale…

A:

Q: Suppose that: r = required reserve ratio = 0.10 c = {C/D} = currency ratio = 0.30 e = {ER/D} =…

A: As given r = 0.10 c = 0.30 e = 0.03 MB = $3000 billion

Q: Costco sells paperback books in their retail stores and wanted to examine the relationship between…

A: Regression equilibrium Yi = b0 + b1Xi Sample size n = 6

Q: 1. The cyclically adjusted surplus as a percentage of GDP is 1 percent in year 1. This surplus…

A: Gross domestic product refers to the market value of final goods and services that are produced…

Q: "Buy sound system with no money down and no interest for 6 months" is an example of which function…

A: Money is any object that is generally accepted as payment for goods and services and repayment of…

Q: The slope and position of the long-run aggregate supply curve ppose the Fed doubles the growth rate…

A: According to the quantity theory of money, an increase in money supply causes an increase in the…

Q: 6. The demand function for a product is given by D = 5000 – 50 x P and the cost function is given by…

A: Given, Demand function, D = 5000 - 50P Q = 5000 - 50P 50P = 5000 - Q P = 100  - 0.02Q Cost function,…

Q: Taxes = $450,300 Transfer Payments = $95,400 Output = $2,130,000 Consumption = $1,000,000

A:

Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…

A: The correct option is D. The poverty trap occurs when a person is poor, and structural…

Q: A buy and sell agent buys a motorcycle for 37,000.00 in the year 1990 and it was sold for 90, 000.00…

A: We are going to use present value using the provided formula to answer this question

Q: Why GDP fails as a measure of well-being There is a new reason why GDP is a poor measure of economic…

A: the answer is as follow

Q: The table below reports the actual inflation rate from 2016 to 2020. Complete the table, assuming…

A:

Q: If Ms = 50, Mdt is 0.2 Y and Mds is 2 - 0.1 r. Form an LM curve.

A: The money supply curve shows no relationship between interest rate and quantity. The money supply…

Q: Revenue (with VAT) - 360 Costs of sales - 200 Selling costs - 80 Profit from sales (profit +, losses…

A: Given:  Revenue with VAT = 360 Costs of Sales = 200 Selling Costs = 80

Q: What is the difference between a point inside and a point on a PPC?

A: PPC shows different combinations of two goods x1 and x2 that can be produced with the use of given…

Q: Q. 12 Explain the utility, total utility and average utility.

A: Utility: - Utility is the satisfaction derived by any consumer from consuming a good or service.…

Q: A period of inflation can be stopped by O A. increasing the growth rate of real output, to absorb…

A: Inflation is mostly caused either by demand pull or supply push factors.

Q: What term is used to describe the ways in which people are affected by, or resist against, the…

A: The term which is used to describe the ways in which people are affected by, or resist against, the…

Q: When real GDP is greater than Yo in the diagram above: O A Inventories will decrease OB. Aggregate…

A: Equilibrium is the point where aggregate expenditure equals income In goods market income must…

Q: A monopolist earns $60 million annually and will maintain that level of profit indefinitely,…

A: Given data;

Q: WHAT IS THE RELEVANT ECONOMIC CONCEPT WHICH CAN BE MATCHED TO THE DISCRIPTION

A: The questions asks for the curve showing combinations of two goods that provide a consumer with a…

Q: Amanufacturer of mountaineering equipment produces traditional three-strand climbing raope on two…

A: * SOLUTION :-  (7)

Q: If one were to discuss why the term "monopolistic competition" is used, the best description would…

A: Out of the 4 market structures one of the market structure is the Monopolistic competition.

Q: EncryptCo has two possible plans for accumulating money for capital projects. One plan is to save…

A: Compounding basically refers to an asset's ability to generate returns that are then reinvested or…

Q: A new technology reduces the time it takes to make a pair of khaki pants. The price of the cloth…

A: PLEASE FIND THE ANSWER BELOW.   DEMAND CURVE: The quantity of a commodity demanded depends on the…

Q: Q)Explain how the assumptions of the aggregate supply model are different in the long run vs the…

A: The sum of all commodities and services generated by an economy during a specific time period is…

Q: In the United States increases or decreases in the money supply a. It is the responsibility of the…

A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known…

Q: Country A has a natural climate that is perfect for growing strawberries - long sunny seasons and…

A: Absolute advantage refers to an actor's capacity to create more of a product or service than a…

Q: In PPP terms, GDP per capita in Country A is 3 times higher than in dollar terms. This means that if…

A: The per capita income in PPP terms is three times higher in country A in comparison to US per capita…

Q: rs bargain by telling each newspaper that they're going to reach agreement with the other newspaper,…

A: Total Gain Amount implies, for any fiscal year, the total dollar measure of the Company's…

Q: Suppose that consumption is 70 million and disposable income is 350 and that the economy is…

A: A recessionary GDP gap refers to when natural GDP is higher than actual GDP. This implies actual GDP…

Q: In the presence of positive externalities, producers may need a subsidy in order to produce the…

A: "Positive externalities occurs if production or consumption of a commodity benefits the third party…

Q: Costco sells paperback books in their retail stores and wanted to examine the relationship between…

A: Regression equation Yi = b0 + b1 Xi Where b1 = slope of the equation.

Q: Consider Game 3: M -10 -20 -20 3. -30 -10 -30

A: Given game form

Q: 6. Price Ceiling Suppose that, to benefit consumers, the government imposes a price ceiling on milk.…

A: A price ceiling lowers a product's legal price. Businesses will have less incentive to supply the…

Q: Victoria founded a start-up several years ago, together with her Macedonian friends. At first, she…

A: The satisfaction or pleasure that consumers get from consuming a commodity or service is referred to…

Q: iven the consumption function below determin the MPC oint on curve A B D Ya (billions) $ 0 500 1,000…

A: MPC stands for marginal propensity to consume. It is ax slope of a consumption curve.

Q: Risk-neutral Icarus Airlines must commit now to leasing 1, 2, or 3 new airplanes. It knows with…

A: Profit is the difference of the total cost and the total revenue of a production. It is the motive…

Q: Costco sells paperback books in their retail stores and wanted to examine the relationship between…

A: Sample size is n = 6 Regression equation yi = b0 +b1Xi

Q: Many people in the U.S. are questioning the benefits of globalization as a result of recent global…

A: Globalization is an activity through which the countries enter into trade with each other.

Q: If the price of product M increases from $80 to $100, the quantity supplied for product M will the…

A: 1. The elasticity of supply measures the percentage change in the quantity supplied due to the…

Q: How is the Philippines central to the history of economic globalization? What is the role of the…

A: The BIS (2017a) defines globalization as the flow of goods and services, people, capital, and…

Q: This is the market for steer. Steer are processed into 1 hide and 1 beef. Initial Demand for hides:…

A: * SOLUTION :-