With the use of a diagram, explain when a monopoly corporation maximises its profit

Q: List the four determinants of the price elasticity of demand

A: We know that Price elasticity is the ratio of the percentage change in quantity demanded to the…

Q: What interest rate is applied if P34000 becomes P87200 in 300 days?

A: Given, Amount + Principal = A+P= 87200 P = 34000 Interest = A-P = 53200 Time = t = 300 days or…

Q: What would happen if a product with strong demand had a minimum price that may be charged

A: In a market, buyers and sellers interact with one another in order to exchange goods and services at…

Q: Your parents change their mind, and decide to make a matching offer. They will give $0.25 for every…

A: Budget: It refers to the amount of revenue and expenses that are considered over a period of time.…

Q: What is a characteristic of an unemployed person?   An unemployed person _______.

A: Employed person refers to a person who was working full-time, at least 20 hours per week, for one or…

Q: 7. At a certain interest rate compounded semiannually, P5,000 will amount to P20,000 after 10 years.…

A: Interest rate: It is the money that is being added to the borrowed money. People borrow money on the…

Q: In the short run, the profit maximization for a firm in a perfectly competitive market would

A: Marginal Revenue is the revenue earned by a firm from additional one unit sale of its product. MR =…

Q: Which of the following is true about labor productivity? O it is the amount of total factor…

A: Labor productivity = Total output or production / labor

Q: Kiwidale Dairy is considering purchasing a new ice- cream maker. Two models, Smoothie and Creamy,…

A: To solve this problem, let us assume that the minimum acceptable rate of return (MARR) which makes…

Q: Consider the market for tablets depicted below (think iPad or Microsoft Surface). If a price ceiling…

A: Price celling is the government tool to control the market situation. price celling is that price…

Q: Sometimes price cuts can have an unintended result of consumers waiting for deeper discounts. What…

A: Change in Demand: Change in demand implies a situation when the demand for a good either increases…

Q: In a complex assembly operation, it is found that the learning curve rate is 85%. The standard time…

A: According to the given question, we have the learning curve rate is 85% or 0.85 . And it is given…

Q: Consider a small open economy country that produces cars. The world price of cars less than the…

A: Tariffs are imposed on the cheaper imports from the rest of world. The tariffs raise the price level…

Q: The table below shows monthly data collected on production costs and on the number of units produced…

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

Q: Businesses may follow a strategy of product differentiation under monopolistic competition.

A: Product differentiation is a marketing strategy used to distinguish any product produced by a…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: A perfectly competitive market is made up of many sellers and buyers. The commodities in the market…

Q: 2. Find the equivalent annual payment of the ff. obligations at 20% interest End-of-Year Payment 1…

A: Any sum of money subject to a rate of interest will grow over time. As a result, the time value of…

Q: One isocost line can intercept an isoquant. Select one: O True O False

A: An isoquant refers to the locus of points showing all the technically efficient ways of combining…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: Profit maximization is the process by which businesses ensure that the best output and price levels…

Q: ligure illustrates the market for apples in which the government has imposed a price floor of $12…

A: The floor price is fixed by the government. Price can not fall below the floor price. Floor price is…

Q: 2. Contractor BTT submitted its Progress Billing No. 4 to the Project's Owner. Under the contract as…

A: In Financial economics, Progress billing refers to an accounting technique where the client is…

Q: Cristina borrowed P50,000.00 from Social Security System in the form of calamity loan, with interest…

A: The application of economic principles and calculations to engineering projects is known as…

Q: A debt of 'x' pesos, with an interest rate of 7% compounded annually will be retired at the end of…

A: A sinking fund refers to the creation of an account for keeping the money set aside to pay off a…

Q: The most frequently reported price index is O the personal consumption expenditure (PCE) deflator…

A: A price index (PI) determines how the prices change over a specific time frame, or in other words,…

Q: Massam works for a company that is having a hard time competing in the market. Massam really wants…

A: Massam wants to make his career in marketing. Marketing is all about understanding the consumer…

Q: Consider an economy with production function given by Y = AK0.5 10.5 where A is the total factor…

A: Production function : Y = AK0.5L0.5 Where , A = TFP , K = Capital , L = labor  Let the price of…

Q: 5. Read the article, "EU seeks $140 billion to insulate consumers from energy crisis" from Reuters…

A: "Since you have posted a question with multiple sub parts,we will solve first three subpart for…

Q: Assume that the cost to produce x school T-shirts is given by C(x) Ex+750 and the T-shirts are sold…

A: Breakeven position is reached where the total revenue is equal to the total cost. Or the profit is…

Q: What distinguishes economic queuing from rationing

A: When people's needs are limitless, economics is the study of how to allocate scarce resources in the…

Q: DA Printing Press would like to invest a certain amount in a bank that will accumulate to P157800 in…

A: Given accumulated amount = 157800 P Time = 4.5 years Interest rate = 8 %

Q: Instructions: in parts a and b, round your answer to two decimal places. In part entering a negative…

A: Multiplier: A multiplier generally refers to an economic factor under which when increased or…

Q: 2. Suppose the table represents the production function of both Mexico and Spain. Use the following…

A: Given equation, Y=F(K,L)=AK0.3L0.7 Total output divided by the weighted average of inputs gives…

Q: Scenario 5-2 Milk has an inelastic demand, and steak has an elastic demand. Suppose that a…

A: Decrease in the population of the dairy cow and beef cattle will result in the supply to decrease…

Q: a. With the data above, clearly show your steps including the economic variables involved and…

A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and…

Q: pure and mixed strategies. Discuss their main difference. Given two examples to illustrate this

A: A player's strategy is any decision they make in a situation where the result is influenced by both…

Q: Why is the unemployment rate never zero, even at full employment?   The unemployment rate is never…

A: The unemployment rate refers to the percentage of the working-age population that is part of the…

Q: Economics question. Decision-making sciences include A. Economics and econometrics based on…

A: The study of managerial economics involves applying decision science techniques to economic theory.…

Q: Fill in the blanks in the following tables: Instructions: If you are entering any negative numbers…

A: In finance and economics, the nominal interest rate or nominal rate of interest is either of two…

Q: 3. Which point is much better?* O A, B,D, & F О A&B OE O C O A&D E Good X

A: The production possibility curve depicts various pairings of two items that can be produced in the…

Q: n the year 2020, total number of employed was 1,700. There are 110 who were frictionally unemployed,…

A: The unemployment rate refers to the percentage of labor force who does not have a job in hand. The…

Q: e following table contains information about the wheat market:   Price per Bushel (dollars)…

A: In economics, the quantity is taken on the x-axis and the price is taken on the y-axis. So the…

Q: Consider the basic neoclassical model of labour market. Other things equal, a decrease in demand for…

A: In labor market, the wage rate is determined by the intersection of demand and supply of labor…

Q: Total Cost (TC) equals: Average Marginal Cost (AMC) plus Average Fixed Cost (AFC) O Total Marginal…

A: Cost is the value of goods and services in the terms of money.

Q: 3. If you borrow money from your friend with simple interest of 12%, find the present worth of…

A: Present value is the sum of cash that should be invested to accomplish a particular future…

Q: According to aggregate supply and aggregate demand analysis, what happens to P (price level) and Q…

A: Aggregate supply and aggregate demand analysis show how the equilibrium price and equilibrium output…

Q: When Jody’s income income increases by 10 percent and other things remain the same, Jody decreases…

A: Elasticity is a concept that's utilised to predict how demand or supply will fluctuate as a result…

Q: In June 2019, the labor force was 163.0 million and employment was 157.0 million. In June 2019, 17.3…

A: Here, given information is, in June 2019: Labor force: 163.0 million Employment: 157.0 million…

Q: Draw CASH FLOW DIAGRAMS for the GIVEN AND REQUIRED/FIND. Begins the solutions by writing the…

A: The formula that will be used to solve the given question: Equal payment series compound amount…

Q: A man wishes his son to receive P 750,000.00 twelve years from now. What amount should he invest now…

A: Here, given information is: Future value (F): P 750,000.0 Interest rate (r): 13.5% Time period (n):…

Q: Three professional siblings decided to save money so they can buy a house and lot for their parents…

A: Present worth is the discounted value of money at a given interest rate during a given time period.…