Question 13 Which of the following is true for a perfectly competitive firm that maximizes profit? OP > MR O P < MR O P < MC OP-MR

Q: In the Solow model, if y-f(k)-Ak05. A-5, s-0.2, n-0, and d-0.1. The capital stock changes according…

A: Equilibrium is achieved where investment equals breakeven investment.

Q: Calculate accurately Suppose 10 units of a good are sold when the price is $2 per unit,…

A: The elasticity of demand refers to the percentage change in the quantity of demand due to changes in…

Q: Company A wants to forecast future demand using the time series forecasting technique. The analyst…

A: The method is demand forecasting. It's used to forecast and estimate a product's or service's future…

Q: Two essential institutional protections for economic growth and development are     A.) money and…

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Q: The more inelastic the supply. OA. the larger the portion of the tax paid by producers. B. the more…

A: Price Elasticity of supply measures the responsiveness of quantity supplied with respect to change…

Q: The table provides information for the quantity demanded of a product at different income levels.…

A: The term "income elasticity of demand" describes how responsive a given good's quantity demand is to…

Q: 14% of working age adults are out of the labor force. What could be the real percent of adults who…

A: A person is said to be unemployed when he or she is unable to find work at prevailing market wage…

Q: What are the types of fiscal policy and when or in what economic situation it is applicable?

A: Fiscal policy: It refers to the arrangement depending on the hypotheses of British financial analyst…

Q: The main factor that separates wealthy from poor countries is     A.) Differences in productivity…

A: The gap between the rich and poor is widening rapidly.

Q: A contractor is considering the purchase of a set of machine tools at a cost of $50,000. The…

A: Present worth represent the value of asset or any goods and services after the depreciation and the…

Q: How does the tariff affect (i) the consumer surplus, (ii) the producer surplus, and (iii)…

A: Taxes are utilized to limit imports. Basically, they increment the cost of labor and products bought…

Q: Use the information for Economy Z to answer the question below. In which year did Economy Z have…

A: CPI measures the change in cost of market basket of goods and services.

Q: If you borrow $5,500 to buy a car at 12% compounded monthly, to be repaid over the next four years,…

A: Since amount is compounded monthly, monthly interest rate is 0.12/12 and number of periods is 12*4.…

Q: The market demand for a type of carpet has been estimated as      P= 75 – 1.5Q Where P is price…

A: Given,  Market demand= P= 75 – 1.5Q Market Supply=  P= 25 + 0.5 Q Cost of Production= MC= 2.5 + 10q

Q: When Apple raised the price of iTunes from $.99 to $1.29, GS Boyz’s “Stanky Legg” sales dropped from…

A: Arc elasticity of demand = [(Q2 - Q1) / {(Q2 + Q1) / 2}] / [(P2 - P1) / {(P2 + P1) / 2}]

Q: City’s hotel tax used to be 20%. Today it is 12%. Total hotel tax revenue today is greater at a 12%…

A: In the above diagram, when tax rate is 12% than supply curve shifts to the left from S to S' which…

Q: The Federal Reserve buys $20.00 million in Treasury securities. If the required reserve ratio is…

A: Given  Required reserve ratio rr = 25% excess reserve ratio er = 10% part (a) When Federal Reserve…

Q: When leather became more expensive, belt producers decre belts. When car production technology…

A: The law of supply is a central guideline of economic hypothesis which expresses that, keeping…

Q: Economics 1) Shun owns a karate studio. He conducts lessons for both children and adults and offers…

A: Note: You have uploaded more than one question at a time. Hence, we shall solve only the first one…

Q: "The Consumer Price Index increased by 4.2 percent in the first quarter of this year." What type of…

A: Introduction  consumer price index   CPI is defined as the weighted average market of services and…

Q: Which of the following theories explains why better-educated workers are paid more than…

A: The theory that explains that why better-educated workers are paid more than less-educated workers…

Q: Because it fumes at room temperatures, hydrochloric acid creates a very corrosive work environment.…

A: The measure that depicts the current income stream of cash being discounted at a specified rate of…

Q: Classify the following transactions as domestic investment, foreign portfolio investment or FDI. (c)…

A: Foreign investment alludes to the investment in homegrown organizations and resources of one more…

Q: Using any of the five foundations of economic thought, explain the following: a. Why are farms not…

A: The foundation thoughts that is referred to in the question are  1. Marginal thinking 2. Trade-offs…

Q: What is the main reason for trade in the Ricardian model? What is, in contrast, the main reason for…

A: The Ricardian model of global exchange endeavors to make sense of the distinction in similar benefit…

Q: The term - H₂ in the utility function of the monopsonist reflects a distaste for having employees of…

A: In an economy, the wage rate of the financial system is decided via way of means of the interaction…

Q: what is the significance of economics. Explain in details.

A: The social science of economics focuses on the creation, exchange, and consumption of commodities…

Q: Question 2. a. What does stagflation mean? b. When does stagflation occur? Use AD-AS diagram. c. How…

A: a)Stagflation is defined by weak economic development and relatively high unemployment, often known…

Q: In the Solow model, the economy reaches a steady-state because as capital per worker increases…

A: The Solow Growth Model is an exogenous model of economic growth that is intended to demonstrate how…

Q: Q-II: What is the rationale of the Millennium Development Goals (MDGs)? Please explain wherever…

A: The United Nations Millennium Development Goals (MDGs) are indeed a series of eight goals set upon…

Q: Soal 44 The total benefit that a person receives from the consumption of goods and services is…

A: The consumption of any good or service provides satisfaction which is counted in utils.

Q: There are only two suppliers of courses in finance in Brisbane, two private universi- ties:…

A: Nash equilibrium refers is an idea within the game thesis where the impact optimal of a game is…

Q: 3. From the following equations, determine the price and quantity where the company's supply begins…

A: The expenditure incurred by a producer in acquiring the inputs which are used to manufacture a…

Q: 1. Problems and Applications Q1 A large share of the world supply of diamonds comes from Russia and…

A: Cartel agreement: The ordinary reason for the instability of cartels is that a successful cartel…

Q: Assume perfect competition: Price: $93 Cost: TC=9Q+0.04Q² Solve for the profit-maximizing Quantity…

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Q: 2. Please use a graph to produce aggregate supply in classical model under the assumption of nominal…

A: Before the Great Depression, the Classical Model was popular. It claims that the economy is very…

Q: Discuss how does Managerial Economics differ from Economics?

A: Managerial economics differs from economies because it is the part of economics which requires…

Q: Demand and Cost facing Monopolist Price Quantity Total Revenue Marginal Revenue Total Variable Cost…

A: Under Perfect competitive market AR=MR=P, and optimum condition P=MC Under monopoly market profit…

Q: Find the present worth of cash flows of $1000 that start now (time 0) and continue through year 10,…

A: Given the information: Cash flow = $1000 n = 10 years interest rate, r = 10%

Q: Price and Cost (dollars) w 60 65 + N A 10 20 a. $5.00. b. $4.00 c. $2.00. 30 d. $6.00 MC 40 50 60 70…

A: The graph shows that the demand curve is horizontal. So the market is perfectly competitive. Firms…

Q: If short-run equilibrium output equals 10,000, the income-expenditure multiplier equals 10, the mpc…

A: The expenditure multiplier shows what influence an adjustment of independent spending will have on…

Q: A sold goods to B for 20000. B whoes value added is 40000 sell half of its output to c and remaining…

A: GVA is the result of the country less the middle of the road utilization, which is the contrast…

Q: The firm depicted in Figure 6-10 currently is producing 200 units of output per day. If it decides…

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Q: In Canada, in the majority of cases where there is a natural monopoly, how does the government…

A: Monopoly  A monopoly is a form of market where there is only a single seller in the market. A…

Q: is a financial security that represents partial ownership of a firm, while a urity that represents a…

A: The partial ownership of a corporation is known as the stock or it is also called the equity.  The…

Q: eassy in 250 words. What is the role of the Central Bank? How does central bank regulate monetary…

A: A central bank is a government agency that manages banks, implements monetary policy, and offers…

Q: 1. Assume a specific mathematical Lagrangian objective function associated with constrained utility…

A: Given information Utility function L=X0.5Y0.5 Budget constraint 10=0.50X+2Y

Q: critically discuss the Impact of Bureaucracy on Public Administration

A: Bureaucracy is the foundation for every organization's methodical creation. It is intended to assure…

Q: Oranges are traded globally at 2 US dollar per kilogram. The equilibrium price in the perfect market…

A: Trade induces countries to gain from opening up to trade. Two countries can engage in trade by…

Q: There are two firms in an industry, Firm A and Firm B. If firm A and firm B both advertise, they…

A: Nash equilibrium is best course of action provided the strategy of rival has been given.…