Within a monopolistically competitive industry   Question 14 options:   firms can freely enter and exit and economic profits are zero in the long run.   there are some barriers to entry and exit and economic profits are greater than zero in the long run.   firms can freely enter and exit and economic profits are greater than zero in the long run.   there are some barriers to entry and exit and economic profits are zero in the lon

Q: Consider the infinitely repeated game constructed from the following stage game.

A: Nash Equilibrium is defined as the equilibrium where the players in the game do not gain any…

Q: a. Construct a diagram of the cost function, where you have the quantity on the X-axis and the cost…

A: Answer;   PART A QUANTITY(q)  cost(C) Fixed (FC) Variable. (VC) Marginal. cost (MC) Average T.…

Q: discuss whether or not fiscal policy is an effective tool for the federal government when the…

A: The policy that makes use of taxation and spending of government in order to influence the economy…

Q: A toy manufacturing company is selling pokemon figures in Latin America, generating annual revenues…

A: Annual revenue is the total amount of money a firm earns from the sale of products, services,…

Q: C3. Monopolistic Competition i. Discuss the main characteristics of the monopolistically competitive…

A: 1) It's a market where only one company sells a specific product or service.

Q: In the model of monopolistic competition, we say that there is product differentiation. What does…

A: PLEASE FIND THE ANSWER BELOW.

Q: An investment of P270,000 can be made in a project that will produce a uniform annual revenue of…

A: The present equivalent value of all cash flows is determined using the present worth Method.  We…

Q: Explain the process of backward flow in supply chain management

A: The answer is as follows:-

Q: ($/Unit) Marginal Cost Q1 Quantity (Units per time period) In the above diagram, marginal cost…

A: Concept: Marginal cost refers to the cost incurred by a firm to produce an additional unit of…

Q: 12) Consider a firm that produces and sells a good for the price of $2 in a perfectly competitive…

A: Meaning of Perfect Competition: The term perfect competition refers to the market under which…

Q: The measurement of the efficiency of investment in inventory is referred to as: Question 6 options:…

A: The measurement of the efficiency of investment in inventory is referred to as gross margin return…

Q: The income elasticity for good A is -2. Her current income is increases by 15%. Therefore, the…

A: Income elasticity measures how responsive is the quantity demanded to changes in income

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A: "Marginal propensity to consume represents the proportion of addition to the disposable income spent…

Q: 1. Using the following combinations as Production Possibilities data for iPads and HDTVS, answer the…

A: Possibilities for Production The concept of a frontier alludes to the idea that scarce factors of…

Q: What do you think are the three biggest economic challenges facing Canada over the next twenty…

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Q: 1. Use a saving-investment diagram to explain what hap- pens to saving, investment, and the real…

A: Meaning of IS-LM Curve: The term IS-LM curve refers to the combination between market goods and…

Q: Which nations are the principal trading partners of the United States? What are the major U.S.…

A: Imports are commodities and services purchased by domestic citizens from citizens or producers in…

Q: 25. Show in a graph how the Fed essentially chooses a monetary rule that creates a flat effective…

A: The Fed's role has evolved, and it now primarily manages the growth of bank reserves and the money…

Q: FarCry Industries, a maker of telecommunications equipment, has 2 million shares of common stock…

A: Answer is given below

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: 1. Using the consumer choice theory, explain how an individual decides what combinations of…

A: The answer is as follows:-

Q: Question 1 Suppose total benefits from producing Q outputs are given by TB = 12Q1/2, and total costs…

A: We are going to answer each part using economic concepts such as elasticity of demand, present worth…

Q: Suppose two gas stations operate at the same busy intersection. Assuming that these firms are…

A: Collusion: Collusion is a term used in economics to explain when two or more businesses comply with…

Q: Show in a graph a situation when a competitive firm will minimise loss in the short run. Why will…

A: A situation when a competitive firm is making loss in the short run Here, MC= marginal cost MR =…

Q: 9. Assume the central bank has an established reserve requirement of 10%. It then decides to lower…

A: Here, it is given that the current required reserve ratio is 10% and central bank decided to…

Q: James uses kiwi k) and labor (L) tomake Juice Ca). Production function 9=min(43,R %3D lavor musured…

A: We know that for minimum functions we always produce at the kink. Which means : L/3 = K^0.5 So q =…

Q: John's technology for producing apple pie (a) is represented by a = VL+2 where Lis labor. His…

A: Given information Production function a=L^0.5+2 Utility function U=2a-4L^2 Price of Apple=1

Q: 83. Graph the original and new demand curve and explain the change in demand for tomatoes caused by…

A: Demand equation genral form is Q = a-bP where negative sign is just shows the negatives relationship…

Q: In order for a higher-cost alternative to be attractive, the incremental benefit-cost ratio must be…

A: At the marketplace, alternatives refers to the availability of substitutes of a specfiic good or…

Q: Should imports to the United States be curtailed by, say, 20 percent to eliminate our trade deficit?…

A: Meaning of Trade: The term trade refers to the situation under which the products and goods are…

Q: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal Revenue…

A: Given: Quantity of Resort Units Marginal Capacity Cost Marginal Operating Cost Peak Marginal…

Q: machine purchased a year ago for $85,000 costs more to operate than anticipated. At the time of the…

A: All answers given below,

Q: Consider the following firms. Would you regard any of them as a monopoly? Why or why not? Could you…

A: Monopoly is defined as a market structure where there is only a single seller of a product that has…

Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $19.4 trillion, consumption (C) equal to…

A: National savings is the sum of private savings and public savings.  Private saving = Y + TR - C - T…

Q: What is the equilibrium of the game below? Winery 1 High End Cheap Wine Winery 2 Winery 2 High End…

A: The film follows John Preston (Bale), a law enforcement officer in a future when sentiments and…

Q: 750 permits b. How many pollutants should be cleaned up every year? 250 units c. Assume that there…

A: A marginal benefit is a maximum amount a consumer is willing to pay for an additional good or…

Q: Use a supply and demand diagram to explain how a price floor could affect an economy ?

A: In a market, price floor refers to the market minimum price set by the government that is generally…

Q: decrease in personal saving would be smaller than if they were cut permanently.     c.  decrease in…

A:

Q: Assume that the long-run level of output is Y=1000Y=1000, which the economy is also at initially in…

A: Assume that the long-run level of output is Y=1000Y=1000, which the economy is also at initially in…

Q: The demand curve for wheat is Q=140−10p Supply curve is Q=10p.   Equilibrium quantity is 70.…

A: Price ceiling is the maximum price that can be charged. It is efficient when it is set below the…

Q: The two goods are crayons (Y-axis) and markers (X-axis) In the country of Dreamland, the slope o the…

A: Given,  One Country : DreamlandProduces Two goods : Crayons (Y-axis) and Markers (X-axisIn…

Q: Discuss the restrictions nations place on international trade, the objectives of these restrictions,…

A: International trade refers to the exchange of products and services between countries. Global trade…

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: Complete the following graph using the data from the Congressional Budget Office 70 60 Surplus as %…

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Q: 1. 1pt. Mark appropriate circle for correct answer for matching term with its descriptions. Quantity…

A: The right options for each statment is as follows:-

Q: Cieck A ion 14 of 23 Sort the pros and the cons of Employment Insurance (EI). Pro Con Answer Bank…

A: The correct answer is given in the second step.

Q: A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants…

A: Fixed cost = 10,000   Variable cost = $5 per unit   Revenue = $15 per unit

Q: If the market value of firm A is $2.2 million and the replacement cost of capital is $605,500, find…

A: Given The market value of firm A=$2.2 million Replacement cost of capital =$605,500 The formula for…

Q: A company has issued a 20 year bonds, with a face value of $50,000. Interest at 8% is paid…

A: The information given as:- A company has issued a 20 year bonds, with a face value of $50,000.…

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…