Which of the following was NOT something that is needed in order to be able to price discriminate? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer, a Market Power b. Ability to Prevent Resale The ability to separate consumers by different willingness to pay The ability to identify the maximum that each consumer is willing to pay

Q: For each price in the following table, use the graph to determine the number of shirts this firm…

A: Total cost is a sum of fixed cost and variable cost. Fixed cost remains constant and variable cost…

Q: Consider production function f(L, K) = 10VLK and input prices w :10,r = 90.

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Q: The U.S. economy is experiencing a recession. In order to smooth the economy the Federal Reserve…

A: Given: Increase in money supply=$25 billion Reserve requirement=10%

Q: Assume that Derryland and Whetonia can switch between producing cheese and producing bread at a…

A: Opportunity cost refers to the loss incurred by giving up next best alternative while making a…

Q: real business cycle theory suggest that _______ not important in explaining short-term fluctuations…

A: The Real business cycle theory states that the fluctuations in the economy are largely explained by…

Q: Question 14 Refer to Table 1-1 in Question 11. The opportunity cost of 1 unit of bread for Whetonia…

A: 14) The table above shows the labor hours required to produce one unit of bread and cheese and the…

Q: Determine if the statements are true or false. Justify your answer. 1. Personalized pricing is the…

A: The measure that involves charging different prices for the same product or services from various…

Q: Determine the optimal strategy for the situation by representing it as a game and finding the saddle…

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Q: 1. Use the graph below to answer the following questions: BB, (G. BB, (G,. t,) F D. 5300 5000 Real…

A: Given information BB0 and BB1 represented budget line Budget Line=T-G +ve on vertical axis…

Q: The marginal cost curve: is a vertical line. generally rises at first and then declines as output…

A: Marginal cost is the cost of producing additional unit of output. The shape of marginal cost depends…

Q: What is the Imperfect competition that refers to any form of market structure other than perfect…

A: In contrast to the ideal competitive market scenario, imperfect competition is a competitive market…

Q: Assume we combine contractionary fiscal policy with expansionary monetary policy. The result is of…

A: Fiscal policy is the policy which is implemented by the government of the nation. Hence, charge of…

Q: Use a Solow Model diagram to show what will happen to the country's standard of living in a…

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Q: 12. Regarding the Glass Steagall Act of 1933: A) commercial banking was combined with investment…

A: Glass steagall Act was created in 1933 with the aim to  separate investment and commercial banking…

Q: Human Resource Planning(HRP) provides an input into strategic planning in terms of whether the…

A: Human resource planning (HRP) is a continuous, systematic process of foresight planning. It is to…

Q: Calculate the maturity value: Principal (5) 8,000 Term (yrs) 17 Nominal Rate Compound Frequency…

A: Given the present value, PV = 8000 Time = 7 years Compounding periods, n = 7 x 2 = 14 Interest rate…

Q: QUESTION 15 A tax on a good O raises the price buyers pay and lowers the price sellers receive.…

A: The markets are the place where the buyers and the sellers of various types of goods and services…

Q: If a single price monopolist's linear demand curve has vertical intercept of 212.13 and horizontal…

A: When faced with a linear demand curve, a monopoly firm's marginal revenue curve is also linear,…

Q: If new firms enter a perfectly competitive industry, the market supply A) does not change. B)…

A: In a perfectly competitive market, a large number of grins sell homogeneous goods

Q: C = 200 + 0.8Yd   I = 220 – 25i   G Bar = 240   TR BAR = 150   T = .2Y   L = .1Y – 3i…

A: The IS-LM model demonstrates the interaction of the asset market and the goods market. The IS curve…

Q: 4 4 Q(K1, K2) = K}K The price of one unit of K1 is 160, and the price of one unit of K2 is 5. Solve…

A: The production function: Q(K1,K2)=K145K245          .... (1) Price of input K1=160 Price of input…

Q: Assume MPC = 0.9, MPM = 0.3 and the Keynesian expenditure multiplier is 2, then the MPT must equal O…

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Q: Which of the following is not true for the IS/LM model? O Keynesian demand-side model O Fixed price,…

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Q: In the long run, new firms enter a perfectly competitive market when O A) normal profit is greater…

A: In perfectly competitive market, there are many buyers and sellers. Firms produce identical goods so…

Q: Consider the private hire market such as Uber and Lyft. Assume that the price elasticity of demand…

A: 3)i) There exists an inverse relationship between private hire rides and public transport trips.…

Q: Property rights problems and the tragedy of the commons are most prevalent for which resource…

A: Taking each option one by one a. Minerals doesn't leads to problem because it requires some cost of…

Q: Suppose that there is limited commitment in the credit market, but lenders are uncertain about the…

A: The credit market, also known as the debt market, is where businesses and governments sell debt to…

Q: Suppose consumers experience an increase in income. If the income elasticity of demand is equal to…

A: Income elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: Consider a competitive market characterized by the following market demand and supply curves.…

A: At equilibrium demand and supply are equal at certain price and quantity . And price floor is the…

Q: H2. when Saturday comes, what is the utility of doing your roommate’s request on Saturday under…

A: Utility is an ordering that gives the levels of usefulness or satisfaction of the consumption of one…

Q: Consider an economy with an upward-sloping aggregate supply curve given by: Y = Y + (n – n*) where Y…

A: Given information Agrregate supply curveY=Y+(π-πe)Y= Optimum outputπ= inflationπe= expected…

Q: An import tariff on a specific good means consumer surplus and producer surplus O a. Increases;…

A: Import tariffs lead to rise in the price of imported goods. Thus, the demand for the domestically…

Q: . Draw the demand and supply curves. b. What is the equilibrium price and quantity in this market?…

A: In economics, equilibrium refers to a situation in which economic forces such as demand and supply…

Q: A. Discuss two uses of the National Income statistics. B. Explain why ‘transfer payments’ are…

A: (A). National income statistics help us to get information about the structure of the economy. It…

Q: Question 3 low-cost range for multiple alternatives. variable location fixed cost cost/unit elm 125…

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Q: The market for good B is in equilibrium. Then a technological innovation reduces costs of production…

A: Equilibrium is the condition in which economic forces are perfectly balanced.

Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Yd | = 220 – 25i = 240…

A: The money supply is the supply of currency by the central bank of the country. It means the…

Q: w much does aggregate demand need to change to restore the economy to its long-run equilibrium? ыlon…

A: In macroeconomics, a multiplier is an element of proportionality that actions how much an endogenous…

Q: The cost of upgrading a section of Grand Loop Road in Yellowstone National Park is $2.4 million.…

A: Given: Cost of upgrading=$2.4 million Other maintenance every 5 years=$460000 Interest rate=11%

Q: Question 9 In an automotive factory, a piece of machinery malfunctioned and nobody was aware of this…

A: Given:  A piece of machinery malfunctioned in an automotive factory without anybody knowing about…

Q: Suppose we estimate the following model of hourly wage as a function of years o education, given…

A: Following is the model of hourly wage as a function of years of education, given data on a sample of…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: We are more tolerant of the deadweight loss from monopolistic competition than that of monopoly…

A: In monopoly and monopolistic competitive firm, profit is maximised at a point where marginal revenue…

Q: If the Bank of Canada buys a $10 million government bond from a member of the public and the reserve…

A: Given that the Bank of Canada bought a $10 million government bond from a member of the public.  rr…

Q: 2. Over the long term, how could the vertical scope of Tesla's operations threaten its competitive…

A: Vertical scope or vertical integration is a concept that describes the situation where the company…

Q: What steps should be taken by the government to support the SMEs?

A: A small- to medium-sized enterprise (SME) is a company with sales, properties, or employees that are…

Q: For which goods or services will the demand be relatively more or relatively less elastic?  Explain…

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

Q: A piece of machinery at a maunfacturing plant has a cost basis of $50,000, and a salvage value of…

A: Salvage value is the expected book value of an asset after depreciation has been applied, depending…

Q: Salina advertises her production of home workout supplies.  Initially an exercise floor pad is sold…

A: Given data, Price Quantity   25 50   35 40

Q: Suppose, z is given as 2, s is 0.14, depreciation rate is 0.06, and growth rate of labour is 0.08.…

A: Steady state is reached where capital per worker is constant, that is where investment is equal to…