Why would it be difficult for new firms to enter the German Milk market (oligopolistic market). Which barriers are prohibiting them?

Q: What is economic

A: Types of Economics Microeconomics and macroeconomics are inextricably linked. Microeconomics…

Q: Define the policy of quantitative easing. Is this a policy that is consistent with the underlying…

A: Quantitative easing  is a sort of monetary policy that is utilized by the central banks of various…

Q: The first cost of a pipe forming machine is Php 1,000,000.00. It can produce 10,000 pipes during its…

A: Answer; a. Fixed cost per piece of pipe:15 b. Variable cost per piece of pipe:51 c. Total…

Q: Suppose there are no external costs or benefits from producing tires. If the government imposes a…

A: Effect of imposition of sales tax on demand and supply:- Imposition of sales tax will shift the…

Q: n the Malthusian model, suppose that the quantity of land increases. Using diagrams, determine what…

A: The population might grow by multiples, doubling every twenty-five years, according to Malthusian…

Q: Suppose your scholarship was increased by 5% and inflation this year is 7.5%, what is the interest…

A: We know: Real Interest rate = Nominal Interest Rate - Inflation Here the nominal interest rate is 5%…

Q: If the Fed is pursuing a fixed interest rate target, an increase in the money supply will be…

A: "Money demand is downward sloping curve depicting a negative relationship between interest rate and…

Q: How do the principles of contract law support public policy?

A: Contracts are crucial in our lives because they legally bind the parties involved in a relationship.…

Q: 3. Suppose two firms are Cournot competitors with TC(q,) = 500 + 100q, (where q, is a given firm's…

A: Given; Total cost; TC(qi)=500+100q Demand function; p=700-Q where; Q=q1+q2

Q: Iag ngest and likely most troublesome Effectiveness Lag Implementation Lag Legislative Lag

A: A policy lag is the slack between the time a financial issue emerges, like recession or inflation,…

Q: ontrast the effectiveness of fiscal policy in the BKM and AD-AS models.

A: The aggregate demand curve shows the inverse relationship between interest rate and the total…

Q: What do the average expected value, standard deviation, and coefficient of variation tell you about…

A: Someone or anything that may be hurt, destroyed, disappeared, killed, become incapacitated, or get…

Q: 5. Elisa goes shopping to buy face coverings. The masks are available at her local store and are…

A: The term tender means the general invitation to bid for any government project related works or bids…

Q: interest is 157 per gear. Calculale the capitalized Equivalont cost for Cap italized Cnst of a…

A: Given  Initial cost of a project = 250,000 Annual operating cost A1 = 8800 Maintenance cost every 15…

Q: Which one of the following sets of circumstances could the existence of economies of scale cause in…

A: Economies of scale is an advantage enjoyed by the firm by increasing production and decreasing cost.…

Q: 3. Suppose that the wage rate is $16 per hour and the price of the product is $ 2.0. Values for…

A: Answer; Labor is demanded where Value of Marginal product of labor is equal to wage rate.…

Q: Louis is trying to decide what combination of cups and plates to buy. His budget is $12. Plates cost…

A: The information given is as follows:- Louis is trying to decide what combination of cups and plates…

Q: production function is Cobb Douglas so per-capita output is ? = k^α, where k is per-capita capital

A: y = k^a The production function is Cobb Douglas production function and it represents output per…

Q: Contrast the effectiveness of fiscal policy in the AD-AS and IS-LM models.

A: Introduction Aggregate demand is a macroeconomic phenomenon that depicts an economy's total demand…

Q: If imports exceed exports, as in recent years, then __________ exists.   a trade surplus a trade…

A: Trade balance depends on the difference between exports and imports.

Q: What is the relationship between revenue cost and profit?

A:

Q: Define first, second, and third degree price discrimination and give one example for each. Which of…

A: Price discrimination basically refers to a marketing strategy in which a firm/company charges…

Q: Which of the following arguments for limitations on trade is more controversial among economists?…

A: In an open economy, government generally intervene in the international trade by using its policies,…

Q: monopolists, but not competitive firms

A:

Q: What is average profit margin means?

A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…

Q: Nominal gross domestic product (GDP) increased from $15 trillion to $17 trillion, and the price…

A: Given: The nominal GDP increases from = $15 trillion to $17 trillion The price level increases from…

Q: Which of the following is an example of a Variable Cost? A. an employee who makes $40,000 a year B.…

A: Fixed cost is the cost that remain same at all levels of output. Variable cost is the cost the…

Q: The fact that humans are ultrasocial means that: O we're bad at avoiding COVID-19 we tend to see…

A: Ultrasocial refers to the organization of humans and social insects with the division of labor,…

Q: 4. What must the relationship between marginal productivities and input prices if a firm is not…

A: In economics, particularly neoclassical economics, the marginal product or marginal physical…

Q: 9) Which of the following is likely to increase the exports of a country? A) an increase in income…

A: "Exports refers to sale of goods or services by domestic country to the foreign country."

Q: 6. If the demand curve for a good is Pd = 110 - 4Q and the marginal cost curv the monopolist is 400.

A: A firm in a monopoly will maximise profit at a point where marginal revenue is equal to marginal…

Q: Can regional differences in unemployment rates and poverty rates exist in spatial equilibrium?

A: Spatial equilibrium refers to the general economic equilibrium because it is the equilibrium in the…

Q: If the government cut expenditures during an expansion O A. it would have to raise the tax rate B.…

A: Expansion is the situation in which the government is trying to stimulate the market by increasing…

Q: Question 1 A monopolist has as a cost function C(Q) = 6Q. Each consumer's demand for the product is…

A: Answer; The demand is P = 12 - Q Per unit price P should be equal to the marginal…

Q: The table below pertains to lowan, an economy in which the typical consumer's basket consists of 4…

A: Consumer price index measures the value of market basket of goods and services bought by a consumer.

Q: Calculate the marginal product of labor (MPL) of each worker, and then plot the MPL curve on the…

A: Calculation of MPL: Labor Output (TP) MPL 0 0   1 100 100 2 195 95 3 275 80 4 340 65…

Q: In 1990, the CPI was 130.7 and in 1996 the CPI was 156.9. What was the rate of inflation over this…

A: The CPI or the cross price index measures the value of basket of goods during a financial year.…

Q: Question 3 (a)The cost of buying a new head office for a firm that sells oranges in a perfectly…

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

Q: Is the collection of emissions fees economically efficient in terms of cost effectiveness? How do…

A: Emissions Fee is defined as the fee which is charged on air pollution that is caused by the…

Q: If the economy above was at point D, a good thing to do would be to increase government spending.…

A: Increasing government spending or reducing government spending to energize a sluggish economy,…

Q: 9) Which of the following is likely to increase the exports of a country? A) an increase in income…

A: Option A : Increase in the income of domestic country will increase imports rather than exports.…

Q: In marble block quarrying operation, hand rock drills, costing P70,000 each, is used. It has a…

A: Given information Hand drill machine Initial cost=P70000 Monthly production=30 cubic rock Diesel= 80…

Q: Top One Enterprise Ltd earns huge profit this year and needs to pay profit tax to the government.…

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

Q: Observe the classical version of the IS-LM model with all misperceptions. What is the main…

A: IS curve shows the inverse relationship between interest rate and output. It means the rise in the…

Q: Consider an increase in a country’s technology such that the relative supply of domestic products…

A: Here, it is given that a country is experiencing an improvement in the technology, which further…

Q: This question checks whether you understand the procedure for deriving the economy's aggregate…

A: In an economy, the aggregate demand curve is the representation of total demand for output in the…

Q: A reason for placing emphasis on capital accumulation in developing countries is the high Multiple…

A: Capital accumulation refers to an increase in assets from investments or profits and is one of the…

Q: A large profitable corporation is considering a capital investment of $50,000. The equipment has a…

A: Given that; Initial investment is $50000. Yearly revenue is $44000. Yearly expenses are $14000. Rate…

Q: John bought his car 3 years ago worth 230,000, his friend Joshua bought the same model this year…

A:

Q: Back in the 1980s, the Ronald Reagan Administration reduced corporate taxes, which many economists…

A: Answer: Supply-side economists advocate that the growth rate can be increased by changing…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.