Why do all industries, except pure competition, not reach efficiency? What types of efficiency are reached? Define them.

Q: Please answer all three questions:  Use the demand schedule below to answer the questions. Round…

A: Demand Refers to the quantity that a consumer wishes to buy at given price in a given period of…

Q: The annual worth for years 1 through infinity of $50,000 now, $10,000 per year in years 1  through…

A: Annual worth: The yearly worth is the net of the relative multitude of advantages and costs caused…

Q: e) The short-run cost function of a company is given by the equation TC = 200 + 55q, where TC is the…

A: The short-run cost function of a company is given as: Total Cost: TC = 200 + 55q where; TC = total…

Q: question, I just need the missing term after equals. This answer is not helping

A: A monopolistic market is a theoretical situation that defines a market where only one company may…

Q: True or false? According to the expectations theory of term structure, buyers of bonds prefer…

A: We know that The expectations theory predicts what will be the interest rates in the short-term…

Q: SRA S₁ *** P₁ AD₂ P₂ AD₁ Y P 0 P₂ 0 LRAS, Y, Y₂ Panel (a) Y, Y, Panel (c) SRA S₁ AD, P SRA S₂ 0 P…

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Q: Tom's Family Photos is a photographic portrait business in a perfectly competitive market in Fargo.…

A: Perfect competition market is the market where large firms sell the homogenous product to the large…

Q: explanation of the important influencing factors that will provide better self-employment of youth…

A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…

Q: Find the nominal rate compounded monthly which is equivalent 12% compounded quarterly. write your…

A: The Effective Interest Rate is utilized to work out the effective annual interest rate in view of…

Q: Player 1 and Player 2 will play one round of the Rock-Paper-Scissors game. The winner receives a…

A: The game theory is the investigation of the manners by which collaborating decisions of economics…

Q: 8. The American Recovery and Reinvestment Act of 2009 was an expansionary fiscal policy whose…

A: Fiscal Policies:- A government generally regulates the market through fiscal measures, the measures…

Q: Q) The market demand for the output is P = 80-Q, where Q is the output level and P is the price per…

A: A labor market is where workers and employees cooperate with one another.

Q: Saved Quantity of Labor Supplied Wage Total Cost of Labor Marginal Cost of Labor Marginal…

A: Monopsony alludes to a market condition where there is just a single buyer or consumer. This implies…

Q: Why are the MC and MP inversely related to one another?  While it is because as one increases, the…

A: Introduction Marginal cost is the change in total cost caused by producing one more unit of output.…

Q: Consider the following table of long-run total costs for three different firms: A B Quantity 1 2 3…

A: A firm experiences economies of scale when its average total cost decreases with increase in output…

Q: 7. An expansionary fiscal policy: (Select All that Apply) A. usually decreases a government budget…

A: As there are multiple different questions, solution is provided to the first question i.e. Q7.…

Q: Draw the line of equality. Draw a Lorenz curve for the distribution of income and label it. >>>…

A: the Lorenz curve signifies an imbalance in the conveyance of one or the other riches or income;…

Q: In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The…

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Q: Assuming a firrh has this short-run production data below, do the following: a. fill-in the rest of…

A: We have given the value of the total and marginal products at the various combinations of the fixed…

Q: The price-demand equation and the cost function for the production of active styluses are given,…

A: total cost is defined as the sum of all the expenses incurred by the producer to produce goods.

Q: Is that real GDP is 280 and the price index is 110 calculate the nominal GDP?

A: Real Gross domestic product is known to be as the value which is actually given in a constant prices…

Q: Consider a used car market where buyers cannot observe the car's true quality until after purchase…

A: Adverse Selection is defined as a situation in a market that occurs when either the seller or the…

Q: Q=180-2P. he marginal cost of a dinner is constant at $20. uppose the managers do not price…

A: Given data,

Q: Celia's Family Photos is a photographic portrait business in a perfectly competitive market in…

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Q: Economics 4. What is meant by an error components model (ECM)? How does it differ from FEM? When is…

A: In data analysis 3 types of data are considered. Cross sectional, time series and pooled data. In…

Q: ermine your optimal per unit price if: ructions: Enter your responses rounded to two decimal places.…

A: Monopolistic competition is type  of an industry in which many firms offer goods or services that…

Q: wing information, related to E▪ a. omy Alpha contains many bar of them is Bank One, which I ¯ve…

A: The reserve proportion is the piece of reservable liabilities that commercial banks should clutch,…

Q: A rightward shift in the supply of loanable funds caused by a reduction in the government budget…

A: When talking about loanable funds market, it can be said that the supply of loanable funds is made…

Q: Expected Interest Rate The real risk-free rate is 2.1%. Inflation is expected to be 2.35% this year,…

A: Interest rate is the amount charged over and above the principal amount by the lender from the…

Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…

A: Since you have posted a question with multiple sub parts, as per the policy, we will answer first…

Q: Suppose that initially a bank has excess reserves of $800 and the reserve ratio is 20%. Then Andy…

A: Excess reserve is extra fund available with banks which is above the required reserve fund. Banks…

Q: A factory installs new machinery that saves S(x) = 1800- 80x dollars per year, where x is the number…

A: Given:- S(x)=1800-80x C(x)=100x To calculate:- Time=? Net savings=? Please find detailed answer from…

Q: Due to the impact of Tropical Storm Harry in the Caribbean, the price of sugar rises from $0.50 to…

A: Price rise from $0.50 to $1 Quantity demand falls from 120 to 40

Q: A job is a contract between a OA. bank; household; capital OB. manufacturer; retailer;…

A: The different factors of production include capital, land, labour, and entrepreneurs. These are…

Q: All rational choice theorists O operate within the liberal or realist perspective. O see rational…

A: Rational choice theory expresses that people utilize rational computations to settle on rational…

Q: The city government is considering two tax proposals: A lump-sum tax of $300 on each producer of…

A: Fixed cost does not depend on output produced whereas variable cost increases with production.

Q: People in a certain group have a 0.75% chance of dying this year. If a person in this group buys a…

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Q: 7. Compare cash cheque and credit card with respect to ACID and ICES tests.

A: In money transfer, regardless of the type of money, two unique sets of attributes need be…

Q: The market for fertilizer is perfectly competitive. Firms in the market are producing output but are…

A: Perfect competition refers to the market scenario in which there large number of buyers and sellers…

Q: QUESTION 7 Based on your answer from the above question, what combination of Burgers and Pizzas…

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Q: Consider that the quantity of Milk A sold will increase by 50%, the sales revenue of Milk A will…

A: In the mentioned question we have been asked to calculate the price of Milk A of april when there is…

Q: A new coffee shop opens and to maximize profit it hires 5 workers at the competitive wage rate. The…

A: The value of marginal product is the marginal product multiplied by the product price.  VMP=MP×P If…

Q: If a labor union successfully restricts the supply of labor to firms, and if the union is not able…

A: According to law of Demand for Labor markets - Whne wages are higher, quantity denand for labour is…

Q: One last time, please consider a closed economy with the following information: • Economic…

A: GDP is the market value of goods and services produced within an economy within a given period of…

Q: 9 35 30 25 20 15 10 5 O O 2 3 Quantity (Vats of juice) 10 5 6 Marginal Cost Average Variable Cost…

A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…

Q: Jim lost his job due to a leftward shift of the SRAS curve. He wants to know if the Federal Reserve…

A: In an economy, short-run aggregate supply curve is upward sloping and shifts leftward when there is…

Q: The table shows the total product schedule at Paula's Ice Cream Parlor. Paula sells ice cream for $2…

A: The marginal product is the change in the output as a result of hiring one additional labour.  MP =…

Q: Suppose the following table illustrates the hypothetical values of actual Real GDP (Y), the…

A: We will utilize the Taylor rule and Phillip curve for solving this question The Taylor rule is given…

Q: Monetary Policy: End of Chapter Problem We discussed how hard it is to keep AD stable or put it back…

A: Given information AD: 1%=Inflation +Real growth rate AS: Inflation=Expected inflation +(Real growth…

Q: Better Corporation can purchase a piece of equipment now for $120,000 or buy it 4 years from now for…

A: The Nominal Interest rate alludes to the interest rate without changing inflation.