Why are monopolies considered an abuse of power?

Q: 4. In terms of decision theory, an occurrence or situation over which the decision maker has no cont...

A: Hi! Thank you for the question. As per the honor code, We’ll answer the fourth question since more t...

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A: 2) Ordeal mechanism is the system of self targeting wherein a mechanism is followed to separate the ...

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A: The Solow Model of economic growth or the neo classical model of growth This model is also known as ...

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Q: What is amount of gradient, if a business' present water consumption is estimated to be $15,000. Ass...

A: Arithmetic gradient series refers to the series of cash flow which can either increase or decrease b...

Q: ( Find all Nash equilibria (pure and mixed strategy) of the following normal form Bame: Player 2 L (...

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Q: 0.25 0.10 0.20 0.15 0.25 If your initial distribution of countries from lowest GDP to highest GDP is...

A: The gross domestic product per capita is the ratio of gross domestic product to the population. It m...

Q: In the circular-flow diagram, O firms are sellers in the resource market and the product market. O f...

A: Circular flow model is a model that shows how money flows and firms and households.

Q: Quantity Private Value Private Cost External Benefit (Units) (Dollars) (Dollars) |(Dollars) 1 22 12 ...

A: Units Private Value Private cost External benefit Social benefit Surplus 1 22 12 10 22+10=32 20 ...

Q: How is capitalism thought to benefit society?

A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and s...

Q: In the texts provided about the major national/ international issues/problems and their possible app...

A: International issues are the issues that countries face on the international level. It may be due to...

Q: Compare the profits of Firm A when both firms respect the collusive agreement to the profits of Firm...

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Q: Use the utility function u = E (r,) – 0.5 A ož where A is the risk aversion parameter and A = 3.5. U...

A: The law of diminishing marginal utility is the additional satisfaction that a consumer gets by consu...

Q: Que In the context of the job-search model seen in class, if the economy is in the steady-state unem...

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Q: Total product (meals per hour) 24 20 TP 16 12 8. 2 3 4 Quantity of labor (workers) The figure shows ...

A: Total product curve shows a relationship Total output and labour inputs.

Q: Question 4 The table below describes the production function for a candy maker. Number of Marginal P...

A: Marginal Product of Labor (MPL): - it is the change in total production due to the employment of an ...

Q: The Wellbuilt Company produces two types of wood chippers, economy and deluxe. The deluxe model requ...

A: For a company to make the most money, it must operate where marginal income and marginal expense are...

Q: The annual amount of a series of payments to be made at the end of the next twelve years is P500. Wh...

A: Introduction Future worth = P 500 Time = 12 Rate of interest = 8% Present worth = future worth(1 + r...

Q: Britney is a baseball fan and attends several games per season. Her expenses per season are listed i...

A: Given: Baseball tickets:  year 1=$500 year 2=$560

Q: Question 11 Madelynne F. deposits $1,000 in a savings account that pays an annual interest rate of 4...

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Q: Set-E7. A South American country has had a high rate of inflation. Recently, its exchange rate was 1...

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Q: 25, how many of the 10 largest cities will be located in developed countrie

A: Developed countries are those countries that have a good quality of life and offer all the amenities...

Q: Globalization and The Asia Pacific and South Asia Question: What caused the Asian financial crisis...

A: The Asian Financial Crisis in the mid-1980s and mid-1990s, as well as the collapse in land and energ...

Q: Table showing Total Cost and Quantity of Output Quantity of Total Average Total Marginal Cost Output...

A: Average total cost of the total cost per unit of output. Marginal cost is the change in total cost w...

Q: Quantity of Labor (workers) Total Product (units per hour) 0 123 4 5 6 0 259 151817 The table above ...

A: Change in total product per unit change in the quantity of labor employed is the marginal product of...

Q: Rats run on treadmills according to the function: E = 5+ 62R –R where E = volts of electricity R= nu...

A: Firm minimizes cost by employing the number of inputs to the point where marginal product is equal t...

Q: Discuss the socially optimal quantity of a public good? Explain using a diagram.

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Q: An engineer bought equipment for P500,000. HE spent an additional amount of P30,000 for installation...

A: According to question, it is given that  Price of equipment = 500,000 Additional amount = 30,000 Est...

Q: What are the distinguishing characteristics of social-ist economies?

A:  An economy is a large collection of interconnected production and consumption activities that help ...

Q: DARPA is planning to purchase a new machine.The initial investment required for this is $60000.The m...

A: Given Investment on machine = 60000 $ annual revenue = 1500 $ Annual expense = 500 $ Time  = 6 years...

Q: In the texts provided about the major national/international issues/problems and their possible appr...

A: Introduction: According to a study by EU sponsored Migrant Integration Policy Index (MIPEX) Switzer...

Q: An industry has four firms, each with a market share of 25 percent. There is no foreign competition,...

A: Given market share of 4 firms = 25 % The Herfindahl Index(HHI) is calculated by squaring the market ...

Q: From the following which is NOT one of the primary goals of the Affordable Care Act (2010)? Question...

A: Affordable care act (2010) was signed by Obama in 2010 with the aim of increasing coverage of health...

Q: Does the shape of production possibilities curve matter and why societies cannot make a choice above...

A: All economies of the world are endowed with limited amount of natural resources but the wants of con...

Q: 8. Before an increase in excise duty on tea, 400 people out of a sample of 500 persons were found to...

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Q: new vending machine is being considered to purchase. The estimated first cost is php 75,000 the firs...

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Q: Henrique is a baseball fan and attends several games per season. His expenses p season are listed in...

A: Price level in Year 1=500+100+150+50                                     =800Price level in Year 2=6...

Q: 2. Production function: Y=8(K^.33)(L^.66) What if there is skill biased technological change that ma...

A: Introduction Given production function is  Y = 8 K0.33 L0.66 If there is skill biased technological ...

Q: Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-five y...

A: The question is based on the paragraph. this is about a leisure company's production, profit, and lo...

Q: 8. In many developing nations, young women have historically had lower school enrollment rates than ...

A: Below are the points to be considered: *Growth of GDP depends on the resources of a country. *More e...

Q: define the concept of consumer's equilibrium, present it into figure and justify the statement by de...

A: Utility: When a consumer is consuming some commodities then the consumer gets some satisfaction from...

Q: Price Consider the following supply and der Price = 35-4*Q Price = 3*Q %3D %3D Man 40 35 30 25 20 15...

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Q: After Suzie, owner of Suzle's Sweet Shop, hires her 8th worker the average product of labor declines...

A: The answer and reason for the correct option is as follows:-

Q: Your family business produces a secret recipe salsa and distributes it through both smaller specialt...

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Q: If workers look around and see prices rising more quickly than they had planned for, what is the lik...

A: Pay adjusted for inflation, or wages expressed in terms of the number of goods and services that can...

Q: Austin owns the Fruit Bowl Inc company. Which of the following would be short run decisions for Aust...

A: There are many types of inputs used in the production of goods and services. Two of them are capital...

Q: What do you think is the most important aspect to consider when trying to understand the concept of ...

A: Globalization: It can be defined as the interaction of different economies with each other. There is...

Q: If you were to accept a position in another state, why do you believe it would be important to under...

A: The laws that aim to correct the power imbalance between employers and workers within the work envir...

Q: Using the savings and investment model, predict what will happen to savings, investment and interest...

A: Answer: Impact on the demand for loanable funds (investment): The government generally spends by bor...