4. Why does the average cost curve slope upwards in monopolist competition in industries with high fixed costs?

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A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

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A: To make any item at lower cost is always a plus point in the market.

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A: Equation of a budget line is given by: Income = Px*X + Py*Y Where Px is the price of Good X and X is…

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A: The law and economy communicates in various ways. Economics and lawyers is the economic survey of…

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A: Network externality refers to the positive or negative impact that society experiences from the…

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Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

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A: International trade is defined as all the economic transactions in between the Teo countries is…

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A: Marginal revenue is defined as the additional revenue earned by an individual when he sells an…

Q: Utility equals satisfaction true or false

A: The concept of utility is used to analyse consumers' tastes.

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A: In economics, there is a basic assumption that consumers are rational in their decision making. This…

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A: Real estate property is one kind of permanent property that means any permanent structure of…

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A: Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one…

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A: In this case, revenue generation of Tesco is given here. We have to show the evenly distributed…