Q: During a boom, govemments tend to nun budget surpluses. What effect will these surpluses have on the…
A: National saving is the sum of public savings and private savings. Private saving = Y - C - T and…
Q: A firm in monopolistic competition produces an output level Q1 = 100 where marginal revenue is equal…
A: 1) A monopolistic firm is defined as a firm that produces similar products but that is not…
Q: If demand is inelastic, how will an increase in the price change total revenue? Explain.
A: Elasticity is an economic word that describes how the aggregate quantity demanded of an item or…
Q: $30 MC LATC $20 $10 MR Demand 10 20 30 40 Quantity (in Thousands per Month) What is the maximum…
A: Here, the given graph shows the cost and demand curves of a monopoly firm.
Q: Explain in your own words the concept of economic incentives in healthcare and provide an example…
A: The phrase "health care economics" refers to the different elements that interact to determine the…
Q: The Utilitarian specification of the social welfare function (SWF) generally leads to a higher…
A: The Social Welfare Function (SWF) is a condition of individual preferences for optimizing social…
Q: In third-degree price discrimination, consumer groups with the largest price elasticity of demand…
A: In a market, the third degree price discrimination refers to the pricing strategy if the firm…
Q: 3. Han Solo is delivering illicit cargo to the rebel forces on Alderaan, a planet blockaded by the…
A: In economics, "utility" is a metric for how happy or satisfied an economy's members are. In research…
Q: The income elasticity for good A is -2. Her current income is increases by 15%. Therefore, the…
A: Income elasticity shows change in quantity demanded when income level changes.
Q: New Deposits (new reserves) New Required Reserves Checkable Deposits Created by Extending New Loans…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Outline the extent of international business and the world economic outlook for trade
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Question 18 The upward sloping portion of a long-run cost curve illustrates: Diminishing marginal…
A:
Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $19.4 trillion, consumption (C) equal to…
A: GDP refers to the sum of all the values of the goods and services at market prices of a country. The…
Q: New Classical economists believe in the: O Policy Incoherence Proposition O Policy Ineffectiveness…
A: The work of economists based at the Universities of Chicago and Minnesota, especially Robert Lucas…
Q: Countries like finlamd and norway are unlikely to suffere from the scarcity problem as defined in…
A: Financial Balloon in the economy is a situation where there is sudden surge in the prices of assets…
Q: Answer any 2 from a, b, and c below a. Why does AD slope downward? b. Which is the one example…
A: Aggregate demand is an important component in determining the functions of the economy, it is the…
Q: value is $12,000. The annual insurance cost is 5% of the purchase price. The electricity co is $ 800…
A: Given, Purchasing price of an equipment = $100,000 Electricity cost = 800 each year Replacement part…
Q: Joseph is currently spending his entire budget on two goods: food and entertainment. He was willing…
A: Joseph is currently spending his entire budget on two goods: food and entertainment. He was willing…
Q: Which of the following functions are not performed by households? 1. Suppliers of Labour 2.…
A: In the economics theory of circular flow of Income, the households and businesses/firms are two key…
Q: An exchange economy has two goods (apples, bananas) and two types of agent (1, 2). The total…
A: Total number of apples = 7 Total number of bananas = 7 U1 = 200 + x1b + x1a U2 = -20 + 3x2b +…
Q: Suppose that the utility function of an individual is given by U=Y/2L2, where Y is real income and…
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…
Q: B. In oligopoly markets there are only a few sellers.
A:
Q: 2. Discuss the role of offshore banking in derivatives.
A: Banking plays an important role in the deposit money from the customer and providing loan facilities…
Q: Vhat is the amount of 10 equal annual deposits that can provide five ant ithdrawals, when a first…
A: Given, r = 8% = 0.08 First withdrawal is 3000 Increased by 200 each year
Q: The drainage of waste products from the chemical factory, Ultra Chemicals, situated along the banks…
A: The drainage of chemical fertilizers utilized on rural plots along the banks of the Blue River has…
Q: For the cash flows shown, determine the incremental cash flow between machines B and A for (a) year…
A: Given: First Cost: A: -15000, B:-25000
Q: The statements given reflect either Micro or Macroeconomic issue. indicate in each case which you…
A: Microeconomics is the branch of economic theory concerned with the behavior of individual economic…
Q: The following are excerpts from the article: Stirring the Pot . $80 Coffee Beans – Yikes! Bangor…
A: e) Increase in supply:- 1) Emerging of small firms:- Since they're not mass-produced, small-scale…
Q: What happens to total revenue if a) demand elastic, price decrease. b)demand inelastic, price…
A: Price Revenue Elasticity When Price increases When price decreases There will be no change…
Q: 11 . Let there be $100 new deposit in a bank. a) Calculate the money multiplier for a reserve…
A: Money multiplier = 1 / Required reserve ratio OR Money multiplier = [1 - Currency deposit ratio] /…
Q: Calculate Cho's marginal revenue and marginal cost for the first seven frying pans she produces, and…
A: Profit maximisation is a process that companies bear to ensure that they need the most effective…
Q: Scenario 13-5 A stationery firm produces and sells staplers. Last year, it produced 5000 staplers…
A: Fixed cost is the cost that remains same at all levels of output while variable cost is the cost…
Q: Explain the concept of restrictive covenants. When and why do they apply?
A: Restrictive covenants: When some property is bought and sold between parties then there is some…
Q: Suppose a stage game has exacty one Nash equibrium (select all that apply) Oa ina finitely repeated…
A: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there…
Q: A department store is about to order deluxe, standard, and economy grade DVD players for next year's…
A: Given information Row player has 3 strategy { Deluxe, Standard, economy} Column player has 2…
Q: What is the Export-Import Bank of the United States? How does it assist U.S. exporters?
A: Imports refer to those goods and services which are bought in by the citizens of the domestic…
Q: What are the conditions that distinguish perfect competition from other market structures?
A: In case of Perfect Competition there are large number of buyers and sellers selling identical…
Q: how monopolies' impact on consumer welfare and how policies towards monopolies interact with this…
A: A monopoly is a single corporation that controls an entire industry. A monopoly can arise naturally…
Q: C. What is the opportunity cost from point D to point C? Show formulas, calculations, answers, and…
A: Given A B C D E Consumer Goods 0 25 50 75 100 Capital Goods 100 90 75 45 0 "Since you…
Q: Explain briefly three important reasons why firms have sticky prices in the short run. Given an…
A: A firm is a producer who sells the goods at a higher price in the market to generate more profit. It…
Q: unemployment rates? How would the results differ for someone who wants to be employed in the union…
A: *Answer: Union produces higher wages unemployment. The people who are already employed at benefited…
Q: I need help with econ multiple hw questions asap! 101) Typically, as a firm hires additional…
A: (101). Marginal product of labour means the additional output a firm get by using an additional unit…
Q: Suppose that the market demand for facial mud packs are given as follows: P = 2,200 – Q. Mud packs…
A:
Q: What determines aggregate supply in the short run and what determines it in the long run?
A: Aggregate supply refers to the whole quantity of products and services generated within an economy…
Q: 8. (Short-run vs long-run) Consider the following cost minimization problem min(L, K) rK + wL + F…
A:
Q: Does this production possibilities curve show increasing opportunity costs? Explain
A: The curve that depicts the combination of goods that could be produced using the resources being…
Q: Choose from the two machines which is more economical. Machine A Machine B First Cost Salvage value…
A: Annual cost of machine A = 3000 + 1200 + (8000 x 3%) = 4440Present value of machine A= - 8000 -…
Q: 3. How much money must be invested in a retirement plan each month to accumulate $500,000 in 20…
A: Answer: Given, Future value FV=$500,000n=20 yearsn1=20×12=240 monthsr=6%r1 interest rate compounded…
Q: . Milton Friedman's view that the sole responsibility of a corporate executive is to increase…
A: Milton Friedman's view that the sole responsibility of a corporate executive is to increase profits…
Q: If demand is price inelastic: O a. An increase in price decreases revenue O b. An increase in price…
A: Elasticity measures the responsiveness of quantity demanded to changes in price level
With a strict product liability claim, only the seller of the product is liable.
-
True
-
False
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is the perfect methodology to analyze Airlines industry in term of price discrimination? This is not an essay question.True/ False Predatory pricing strategy leads to a short term loss for the firm.Moses Inc. is a small electric company that provides power to customers in a small rural area in the Southwest. The company is currently maximizing its profits by selling electricity to consumers at a price of $0.15 per kilowatt-hour. Its marginal cost is $0.05 per kilowatt-hour, and its average cost is $0.15 per kilowatt-hour. A government regulator is considering a proposal to regulate the firm’s price at $0.05 per kilowatt-hour. Would such a policy improve social welfare? Explain
- Antitrust enforcement is controversial mainlybecausea. cooperative domestic firms are best equipped todeal with international competitors.b. some business practices that seemanticompetitive may in fact have legitimatepurposes.c. excessive competition can drive some firms out ofbusiness, causing job losses.d. vigorous enforcement can reduce businessprofitability, lowering shareholder value.______ would be an example of an industry in which cross-licensing agreements are becoming increasingly common. Multiple Choice Glass-blowing Organic farming Biotechnology Weaving TextilesLefola Limited is the only manufacturer of product G_Easy in the Popa Land. It has provided documented levels of demand at certain selling prices for product G_Easy which are as follows: Price per unit Demand Units Total costs 7 000 0 3 000 6 000 1 5 000 5 000 2 8 000 4 000 3 12 000 3 000 4 17 000 2 000 5 23 000 1 000 6 30 000 Required: Using a tabular approach, calculate the marginal revenues and marginal costs for product G_Easy at the different levels of demand, and so determine the selling price at which Lefola Limited’s profits are maximized.
- KidzPoses Inc., a profit-maximizing business, is the only photography business in town that specializes in portraits of small children. James, who owns and runs KidzPoses, expects to encounter an average of eight customers per day, each with a reservation price (shown in the following table). Assume James has no fixed costs, and his cost of producing each portrait is $12. Customer Reservation Price ($ per photo) 1 50 2 46 3 42 4 38 5 34 6 30 7…Which of the following increases the likelihood that a group of sellers can increase profits as the result of collusion? a. The presence of a large number of firms in the industry b. Intense quality competition among firms c. High barriers to entry into the industry d. An unstable demand for the productAn existing firm offers to supply one unit of a good to a potential buyer by writing a contract in period 1 for delivery in period 2. The contract specifies a price of $210 and a breach of contract fee of $150. The buyer would be willing to pay $330 and the existing firm has a marginal cost of $120. A potential entrant firm has costs uniformly distributed and competes in Bertrand competition with the existing firm if entry occurs. It is known that the entrant’s costs are less than or equal to $240. How much extra profit would the entrant earn if there were no contract in place between the existing firm and the buyer? Select one: a. $22.50 b. none of the other answers c. $31.50 d. $28.50 e. $25.50 Clear my choice Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.
- Motorcycles USA is a company that manufactures and distributes motorcycles in North America. It has the following demand function for its motorcycles: P = 40,000 – 100Q Motorcycles USA has a marginal cost (MC) that is constant and equal to $6,000. What will Motorcycles USA’s price be if it decides to distribute the motorcycles by itself? What will the price be if it sells them through MC Dealership, LLC an independent distributor? Should Motorcycles USA distribute the motorcycles by itself or through MC Dealership, LLC? What factors would you consider when making this decision? Be sure to explain your calculationsFigure: Insulin Prices Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. If the marginal cost is the same in both markets, to maximize profits, it would charge _______ in the U.S.A. and _________ in Mexico. Group of answer choices $3700, $600 $50, $50 $3650, $550 $600, 3700List and discuss the key characteristics of organi-zational buying that make it different from con-sumer buying