Will an unregulated monopoly end up with normal or with economics profits?  Why or why not?

Q: Table 6.2 Year CPI 1 150 154 152 4 156 160 Refer to Table 6.2. If a worker earned $40,000 years ago ...

A: Here the used  formula is: Adjustment to salary to keep up with inflation =(Salary in the year / CPI...

Q: LEIS company is planning to borrow P10.5M for a company expansion and is not sure what the interest ...

A: * SOLUTION :-   

Q: Given a utility function of 2 goods X and Y: U (X, Y) = X +Y4, the marginal utility of X [ Select ] ...

A: According to the question, utility function is given as : U(X,Y)=X4+Y4 Marginal utility of good X= ∂...

Q: The graph below shows domestic supply and demand for coffee in the U.S. Suppose that at any price, f...

A: Answer: If the foreign suppliers will supply 50,000 pounds of coffee at any given price then the sup...

Q: uestion 11 If i 2%, the value of X in the following balanced CFD is nearest to: 600 500 300 200 100 ...

A: Cash flow means company cash comes out or comes in the company. It means as cash flow into the busin...

Q: 2020 quantity 50 20 5 Assume a hypothetical economy where consumers buy only potatoes, meat and fish...

A: Inflation is the rate at which the value of a currency is falling and, consequently, the general lev...

Q: The first two columns in the following table give a firm's short-run production function when the on...

A: Given:- Price of capital=$2000 Price of labor=$500 Capital constant at 5 units  

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Introduction: The worth of anything when a certain course of action is taken is referred to as oppor...

Q: The instructor takes a random sample of size from the population data and obtains the following samp...

A: A standard deviation is the measure that how the series is being dispersed in the relevant accordanc...

Q: Two processes can be used for producing a new engine. Process A will have a first cost of P750,000, ...

A: Future Worth is calculated by compounding the cash flows to end life of the project at a given inter...

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. I...

A: Given,  With existing technology MAC = 12 - E. With new technology MAC = 6 - 0.5E.

Q: suppose two firms compete as Cournot Oligopolists. The profit functions of these two firms are T = (...

A: Best Response Function of firm1  :  q1 = 65  - 0.5q2  Best Response Function of firm 2 : q2 = 65 - 0...

Q: Problem 3: IS-LM model An economy is initially described by the following equations: C=500+0.75(Y- T...

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

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If...

A: Abatement costs are the price of removing undesired byproducts produced during production. Governmen...

Q: Russia has raised the policy rate to 20%. Use a theory of exchange rate determination to explain the...

A: Answer -

Q: Which of the following hypotheses argues that a third variable, "patient", determines both health an...

A: To find : Which hypothesis determines both health and wealth. 

Q: Given four proposals for funding a new project with a 100M limit on capital funding and the MARR is ...

A: Internal Rate of return refers to the rate at which the net present value of cash flow becomes zero ...

Q: An inverted yield curve predicts that short-term interest rates

A: If the yield curve is downward sloping then it will be known as an inverted yield curve. 

Q: In 2017, Leonardo da Vinci's painting Salvador Mundi sold for $450 million. Portray this sale in a d...

A: Supply refers to the willingness to sell for a producer or a supplier of a good or service in the ma...

Q: If money supply and money demand both increased, what would be the effect on interest rates and inve...

A: The intersection point of demand and supply curve determines the interest rates and investment. When...

Q: 1. Explain when safety regulations can lead to an increase in efficiency. What market failures lead ...

A: 1. The government may enact laws and regulations prohibiting certain behaviours and actions in order...

Q: Consumption 45 line C3 CA 45 Income Refer to the above diagram. The MPC and APC are both constant as...

A: Answer -

Q: The availability of alternative entertainment methods has resulted in a large decrease in  theme-par...

A: The government authority is considering forcing a cost floor for the sake of entertainment fair tick...

Q: We can conclude that Spain has a comparative advantage in the production of chairs. [True or False]

A: Comparative advantage is focusing on the possibility of trade even though there is no absolute advan...

Q: The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought i...

A: Given: Average household spending: Juice: $60 Cloth: $30

Q: Discuss the view that the best way to achieve greater equity in the distribution of income in a coun...

A: The concept that depicts that every income group in a nation would be having similar and a less diff...

Q: The table below provides price and output information for Angela’s weekly demand curve for cheesebur...

A:

Q: Problem 1: Consumption 1.1 What is the impact of a temporary tax cut on current consumption accordin...

A: Answer- "Thank you from submitting the questions.But, we are authorized to solve one question at a t...

Q: Rosa and Ernesto are going to split $10. They have agreed to the following rules. Rosa first divides...

A: There are two players in the game : Rosa & Ernesto  Extensive form of game is that type of game ...

Q: QBS company wishes to replace its current equipment that was purchased 8years ago with the newer tec...

A: * SOLUTION :-   

Q: Which change would cause a decrease in price and a decrease in the quantity sold? Pick a,b,c, or d ...

A: "Correct answer is option b."

Q: The demand and supply schedule for a product is shown below. The government sets a maximum price of ...

A: The given table provide information about quantity demanded and quantity supplied at a different pri...

Q: 4) Luke is planning an around-the-world trip on which he plans to spend $10,000. The utility from th...

A: Introduction Luke wants to spend $ 10,000 money of his trip. Total utility of the trip = U ( 10,000)...

Q: Production function Capital equipment per worker ($ thousands) Which 2 of the following statements a...

A: Production is the process by which final goods or services are created from the raw materials throug...

Q: A government replaces progressive taxes with regressive taxes. What is the likely outcome?  a. Dist...

A: In an economy, a progressive tax is when higher income tax is imposed on the people with higher inco...

Q: The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Co...

A: From the data, it is clear that the equilibrium price is $3 and the equilibrium quantity is 300 unit...

Q: A. Each week, Adriel buys cheese (C) and sausage (S) which provides him a utility of U= 5th root of ...

A:

Q: Suppose a monopolists cost and revenue information is given by p = 20 – 0.002q TR(q) = 20q – 0.002q?...

A:

Q: 8 During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be mor...

A: Introduction Hyperinflation means that economy has a higher rate of inflation. Prices of all goods a...

Q: What I have Learn Answer the following question on a different answer sheet. 1. Why data is importan...

A: 1. Importance of data in statistics The study of learning from data is referred to as statistics. St...

Q: The was a consumer sees the product as it compares to other similar products in the market is

A: Answer:- A substitute, or substitutable good The way a consumer sees the product as it compares to o...

Q: P Question 1 Anand has $100 to spend on apples and/or avocados. Suppose you have drawn his budget li...

A: Correct answer "none of the above".    

Q: Risks in the business arise because of A. O Introduction of the new products B. O Uncertain policy o...

A: Option D New products compete for market share and can also be sold at a lower price Uncertainty of ...

Q: A printing press machine has a cash equivalent of P250,000. For the first three years, it will provi...

A: Given, Total investment of printing press machine is P250,000. Profit for first 3 years(each) = P20,...

Q: 5. There are n firms in a competitive industry. The market demand function is given by p = 10 – Q. A...

A: Market Demand function : p = 10 - Q  Where , Q = Market quantity with n firms  So , Q = nq     Cost ...

Q: A certain company has an annual fixed cost of $200,000 and the variable costs are $280,000 at 70% ca...

A: Fixed Costs= $200,000 Variable Costs= $280,000 Savings= $560,000 Selling Price Per Unit= $80 Number ...

Q: Farmers are worse off when there is a large crop yield. O True O False

A: Crop Yield is the amount of agricultural produce which is harvested per unit of land area.  

Q: Suppose the price of avocados increases by 7% in a given market in which the market demand curve for...

A: Price elasticity of demand is important in determining the changes in revenue when there is a change...

Q: Which chain of events is an expected occurrence in the market and, in addition, occurs in the correc...

A: Demand refers to the quantity of the commodity which consumers are willing and able to consume at va...

Q: (2021 Summer Midterm) At the current equilibrium point, the price elasticity of demand for soda is -...

A: Given: Price elasticity of demand=-0.6 Price elasticity of supply=1.13 Decrease in demand=2.69%