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Q: One of the sources of Monopoly market power is their Economies of Scale. What will happen when disec...

A: When there is economies of scale in monopoly market,monopoly firms can expand their business on a la...

Q: Given the covid environment what do you think the elasticity for Mask was prior to April 2020 versus...

A: The elasticity of mask would be assumed as the price elasticity of demand ie a change in quantity of...

Q: What is the Total Revenue from selling 3 units? What is the Marginal Revenue from selling the 3rd un...

A: A monopolist is an individual seller who has complete control over the market. In a monopolistic mar...

Q: You are economic consultant for Jack, who farms raw cotton in a perfectly compe market. One day he g...

A: Given: Price = $5.00 Output = 2000 Pounds TC= $8000 FC= $2000 MC= $5 (a) Profit = TR-TCπ=(P×Q)-TCπ=(...

Q: Turkey experienced hyperinflation in the late 1990s and early 2000s. The exchange rate for the Turki...

A: 6,01,250TRL=1$ was the exchange rate on december 31,2001. 6,50,000*7.5/100=48,750 6,50,000-48,750=6,...

Q: 4. Discuss how communist countries doing trading internationally?

A: Trade is the exchange of goods and services between two entities. Trade can take place between two c...

Q: Briefly explain the yield-effort analysis under the bio-economic model using diagram.

A: Bioeconomic analysis combines biological and economic models to provide a more complete examination ...

Q: Give a example of short debt cycle in the pandemic Give an example of long debt cycle in the pandem...

A: The first paragraph talks about how inflation has been low within the years which allows the govt to...

Q: Discuss money supply and inappropriate government policies as causes of economic fluctuations

A: Economic fluctuations are caused due to recession and inflation.

Q: Are there many short-run aggregate supply curves and long-run aggregate supply curves? Why or Why no...

A: The short run aggregate supply curves would be an upward sloping line which shows the increase in th...

Q: Economics is a science describing the use of scarce resources to satisfy needsand unlimited wants. (...

A: Economics is that the study of how individuals and societies opt to allocate scarce resources, why t...

Q: Many people were surprised when Indonesia became the one of the largest rubber producing country in ...

A: Exchange Rate refers to the values of one country's currency with respect to another. the exchange r...

Q: 1- Suppose, a polluting firm initially discharges 80tons of ČO2 emissions into a fishery firm. Witho...

A: We are going to solve this question using Marginal approach to answer this question.

Q: What market structures are the NFL and Google?

A: There are a lot of market structures prevailing which are determined by the market forces.Depending ...

Q: Under what circumstances does labor productivity grow?

A: If the quantity of money increases, the value for money decreases. Hence, it will not account for in...

Q: Here is my question

A: As per the guidelines, in case of multiple questions only the first question can be answered from th...

Q: If the price of product A falls by 15 percent and the quantity demanded for product B falls by 30 pe...

A: As per answering guidelines, answering the first question.  

Q: Suppose, the negative shock of the pandemic has pushed the economy far below its productive capacity...

A: Answer: Introduction: Crowding out: crowing out refers to the situation where the increase in govern...

Q: Economics Question

A: a.Initial Price(P1)= Ghc1.00 New Price(P2)=Ghc1.50 Initial Quantity(Q1)=50,000 subscribers New Quant...

Q: Refer to the table below. Real Output Demanded, Original, Real Output Supplied, Billions Billions Pr...

A: Answer: (a). If the real output demand increases by $11 billion at each price level then the real ou...

Q: Mr. Hasan purchases two goods, X and Y, and the utility gained for the last unit purchased of each i...

A: Consumer equilibrium- A rational customer would buy something up to the point that the price of the ...

Q: Refer to Exhibit 10-8. The multiplier is а. 5. b. 0.80. C. 4. d. 0.20. O e. 20.

A: The consumption is a function of disposable income and the increase in the consumption would be beca...

Q: (MPC and MPS) If consumption increases by $12 billion when real disposable income increases by $15 b...

A: MPS = Marginal propensity to save. MPC = Marginal propensity to consume.

Q: What is the outcome of classical growth theory? According to classical growth theory, A. discoveries...

A: The old style development hypothesis contends that financial development will diminish or end due to...

Q: Suppose that initially Px = 2, Py = 8, I = 96 and the Marshallian demand function for good 0.51 0.5P...

A:  Y* = 0.5 I / Py + 0.5 Px /Py -0.5 

Q: the agent has a maximum of 12 hrs in a day that she can work, and her aspiration is not a utility le...

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

Q: a) Explain the concept of consumption smoothing and how it can overcome the ap- parent empirical fai...

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

Q: Consider a low-wage labor market. The current minimum wage is $12 per hour. Employment at this wage ...

A: Answer - Need to find-  

Q: Discuss in detail the equilibrium of a firm under monopoly.Q. 3. What do you mean by simple linear r...

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

Q: Considering the Expenditure Approach of measuring GDP, what component are considered? Define and ela...

A: GDP ( Gross Domestic Product) is the value of all final goods and services produce in an economy dur...

Q: PLEASE LABEL, ANSWER CLEAR AND COMPLETLY! THANKS!

A: We are going to solve for price elasticity of demand, elastic and inelastic region of the demand cur...

Q: Pls question d,e and f

A: Answer: (d).  Note: when the price of good changes then only the quantity demanded changes. Otherwis...

Q: Define the concept of a supply schedule or curve. Show that an increase in supply means a rightward ...

A: Supply is an economic concept that describes the overall quantity of a particular good or service av...

Q: Please state an example of a long term debt cycle in the COVID-19 pandemic

A: The long-term Debt Cycle refers to the cycle which is longer than the average recession or growth cy...

Q: Steve owns a bike store. His total costs are $1.2 million per year, his variable costs are $750,000,...

A: Total cost refers to all costs incurred by a firm in producing a certain level of output. Total cost...

Q: Suppose there are 6 roads connecting town A to town B and 4 roads connecting town B to town C. In ho...

A: Suppose the 6 roads between A and B as 1,2,3,4,5, and 6. Suppose the 4 roads between B and C as 7,8,...

Q: Specify whether expansionary or contractionary fiscal policy would seem to be most appropriate in re...

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

Q: Sir plz solve

A: Income elasticity of demand (Ied) is the demand's sensitivity for some good to a change in consumer'...

Q: company manufacturing laundry sinks has fixed costs of $100 per day but has totalcosts of $2,500 per...

A: (a) Total cost is the sum of fixed cost and variable cost.  Fixed cost for manufacturing the sink is...

Q: Question The rate of output and planned expenditures for the economy of Timbuktu are shown in the ...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: Economics Question

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

Q: 8.1 The fixed costs at Harley Motors are $1M annually. The m revenue of $9.90 per unit and $4.50 var...

A: Profit is calculated by finding the difference between total revenue and total cost.

Q: 3. Explain the law of diminishing marginal utility with the help of examples and also explain the as...

A: The utility is the want satisfying power of a commodity, a consumer prefers to buy the commodity tha...

Q: 1. Explain "by example if necessary" How The consumer price index is calculated

A: Since you have asked multiple question we will solve first question for you if you want another answ...

Q: 1..what is globalization? how do you think it might have affected the economy over the past decade? ...

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want...

Q: The COVID-19 pandemic has seen high use of penicillin by those infected by the virus. Using the dema...

A: Demand: Request is the amount of a decent that shoppers are willing and ready to buy at different co...

Q: 4. The market for fertilizer is perfectly competitive. Firms in the market are producing output but ...

A: Perfectly competitive market consist of large number of buyers and sellers, selling homogenous goods...

Q: Mrs. Griffiths earns $5000 a week and spends her entire income on dresses and handbags, since these ...

A: Budget line is a locus of all possible combination of two goods on which consumer spends his entire ...

Q: Suppose government impose a tax of 1 dollar per bottle on sellers of industrial detergent. Explain 3...

A: The tax is a compulsory payment or a levy which is imposed by the government on providing various go...

Q: Given the following on a closed economy.C = 40 + 0.8Yd C= consumptionI = 55 – 200r I= InvestmentG = ...

A: Private savings, is the amount that the economy saves. Total Savings comprises two types of savings,...