Why does the model of monopolistic competition does it have that name?

Q: Suppose the price of cotton (a production input for t-shirts) falls, which causes the quantity of…

A: Given  Price ($) Quantity demanded per year Quantity supplied per year (When the price of cotton…

Q: A 90 day T-bill with $1,000,000 face value is priced at $997,500. What is its equivalent annual…

A: Answer; Option (d) 1.02% is correct

Q: For each of the following costs, identify the cost graph that best illustrates its cost behavior a…

A: a. Graph 3, because the rent is a fixed cost that will not change so each month a fixed amount of…

Q: 1. Consider the following observations of the choices made by a consumer: Observation Px 1 2 Py $2…

A: The above question is based on the individual's preference for the combinations consumption of three…

Q: Ques Which of the following assumptions is necessary for the money multiplier (mm) to be used in the…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: For Questions 36-46, please refer to the following graph. The vertical distance between points A and…

A: Equilibrium is the state of balance where the demand curve intersects the supply curve.

Q: Question 13 How can a firm avoid fixed costs in the long run? O by incorporating O by expanding O by…

A: Short run is when there exists a fixed factor of production and other are variable factors of…

Q: Problem 6. Find the present worth of $2500 deposits in years 1 thru 8 if the interest rate is 7% per…

A: The total of future investment returns discounted at a particular level of rate of return…

Q: The short-run aggregate supply curve will shift up if:    wages decrease. productivity increases.…

A: Short run aggregate supply curve shows direct relationship between price and real output supplied.

Q: Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K =1 and…

A: Given q= L0.25K0.75 and K=1 and q=2.

Q: ou love peanut butter.  Other spreads are just not as good, as far as you're concerned. You hear on…

A: The answer is given below

Q: and continue with the scenario of adding a $6 per unit tax.  How much will BUYERS receive per unit…

A:

Q: What is the market equilibrium quantity

A: The market equilibrium is arrived at point where demand is equal to supply.  Here equilibrium…

Q: A country club usually only allows members to purchase tickets for its celebrity golf tournament,…

A: Market equilibrium refers to the situation at which the demand of a commodity is equal to the supply…

Q: • A country has a total population of 79 million. • The labour force in the country amounts to 47…

A: An inflationary output gap occurs when actual GDP is more than potential GDP and a recessionary…

Q: Whether the follow statement is true, false or uncertain? And why?   Following the announcement…

A: Quantitative tightening (QT) is a contractionary money-related approach that is the converse of QE.…

Q: Consider the following bivariate linear regression model y = a+3x+u. Suppose that E[u|x] # 0 and…

A: x : Endogenous variable z: Instrument for x   The IV estimate of B = cov(y, z)cov(x, z) = 0.50.5 = 1

Q: Assume that commercial banks do not hold excess reserves. The banking system has $30 million in…

A: Given; Reserve= $30 million Required reserve= 10 % Currency held by public= $50 million $30 million…

Q: 4,374 11- It is estimated that consumers will buy Q(p) = p2 kg of imported beans per week when the…

A:

Q: Suppose Paul gets utility from consuming two goods, pizza (P) and soda (S). His utility function is…

A: A consumer will maximise utility at a point where marginal rate of substitution is equal to the…

Q: Refer to Table 2-4 If both members and non-members are allowed to purchase tickets to this year's…

A: Market equilibrium is that condition where Market Demand is equal to market supply. On the other…

Q: What is the effective cost of a combination of an 80% mortgage at 3% and a second mortgage (for 10%…

A: The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the…

Q: The context in this is a large negative shock to autonomous consumption in an open economy. You may…

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…

Q: Yummy Yummy Popcorn, Inc. sells bags of flavored popcorn in a popular mall. As shop owner and…

A: Answer: Given, Demand function: Q=1,200-800P+2AA=$500Current price=$1.50 per bagMarginal cost…

Q: the cell phone division of Japanese companies prospered by focusing on the domestic market. Define…

A: The word "globalization" refers to how trade and technology have made the world a more…

Q: Compute i* for the following project. Enter as a percentage without the % sign. Therefore, if you…

A: Given cashflows for 3 years  and finding the rate of return with Excel formula

Q: Find term of a loan whose proceeds and maturity value are PHP 56,225 and PHP 65,000, respectively.…

A: Given present value of loan = 56225 PHP Future value = 65000 PHP Interest rate = 6 % Time = ?

Q: Suppose demand and supply of gasoline are given by the following linear functions: Qd = 100 - 20P Qs…

A: Deadweight loss is the decrease in total surplus when socially efficient quantity is not produced

Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…

A: Economic growth is defined as a rise in real value and real per capital income over time. When…

Q: 2. Required and excess reserves Suppose that Best National Bank currently has $100,000 in checkable…

A: Reserve requirements are the funds held in reserve by a bank to guarantee that it can satisfy its…

Q: How does an economic contraction that is caused by a shift in aggregate demand remedy itself over…

A: Aggregate demand (AD): - It is the total demand of goods and services in an economy at a particular…

Q: Explain in detail the characteristics of pure monopoly market model? Asap

A: A pure monopoly arises when a single corporation controls a market for a certain product.Although…

Q: Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists…

A: The actions and statements of a central bank that manages the money supply are known as monetary…

Q: To keep the exchange rate fixed at $6.00 per yuan, the Chinese government could limit the…

A: Exchange rate is basically the rate at which the currency of an nation can be exchanged to another.…

Q: A. Increases wages received by workers by $2.00.

A:

Q: A large standby electricity generator in a hospital operating room has a first cost of $73,000 and…

A: Answer; AW value is $20611.67

Q: 1. GridCo Analytics needs to purchase new land surveying equipment. GridCo's after tax MARR is 9%…

A: since you have asked multiple questions and according to policy we can solve only 1 question and for…

Q: Question 4 Suppose a gardener produces both tomatoes and squash in his garden.  If he must give up 8…

A: Opportunity cost is the renounced benefit that would have been gotten from a choice not picked. To…

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

A: ELASTICITY of supply means percentage change in quantity supplied due to percentage change in price.…

Q: A corporation has a taxable income of $7,060,373.  At this income level, the federal income rate is…

A: Answer - 1 Below information Given,   A corporation has a taxable income of $7,060,373.    The…

Q: Question 5 When the price of a good increases,  Group of answer choices the demand curve for that…

A: When the price of a good increases, there is a movement along the demand curve for that good as the…

Q: MC ATC „AVC -P- MR - AR Quantity (firm) Refer to Exhibit 12-6. What would be the area of total cost…

A: Firms with constant MR are competing in perfect competition as perfectly competitive firms are price…

Q: are the manager of a monopoly that sells a product to two groups of consumers in different parts of…

A: A market structure described by a solo seller, selling a different product in the market. In a…

Q: Suppose Jenny has 16 hours per day to allocate between work and leisure and she earns a wage rate of…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: 2000 2005 2010 2015 2020 95.4 107 116.5 126.6 137 The above table shows a history of the Consumer…

A: Here, the given table shows the CPI in different years according to which price of shoes in 2020 is…

Q: 4. Explain the difference between bias and precision in econometric analysis. As a seasoned…

A: Econometrics is the study of economic data and the development of new economic models using…

Q: Consider a bargaining situation (S, d) for two individuals. The disagreement point is d = (0, O).…

A: Critical values are (0,0) So the bargaining gain is (u1, u2)

Q: Ann consumes two goods, r and y. Her utility function is given by: u(x, y) = (x+1)VJ. The price of a…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The following table shows the outputs and prices of three products produced by an economy in 2018,…

A: When GDP is measured at current prices, it is referred to as nominal GDP. To calculate the Nominal…

Q: Refer to the  Figure 2-1. What is consumer surplus after the tax?   You can answer this in one (or…

A: Consumers surplus is the area above the price and below the demand curve.