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ASAP Your Aunt Debby has come to you offering to pay you if you make large signs to advertise her business. The materials for each sign cost $20, and you have to spend your own time painting them. The time it would take you to make the first sign is worth $20 to you. The time it would take to make the second sign is worth $30. The time it would take to make the third sign is worth $40. Fill in your supply schedule.

Which of the following describes the type of entry barrier faced for hotels? A. There is a natural entry barrier for taxicabs because entry into the market has been limited through quotas. B. There is a natural entry barrier for hotels because entry into the market has been limited by the economies of scale. C. There is a created entry barrier for hotels because entry into the market has been limited by the economies of scale. D. There is a created entry barrier for hotels because entry into the market has been limited through limited access to key natural resources.

Question 5: Jimmy has a room that overlooks, from some distance, a major league baseball stadium. He decides to rent a telescope for $50 a week and charge his friends and classmates to use it to peep at the game for 30 seconds. He can act as a monopolist for renting out "peeps". For each person who takes a 30 second peep, it costs Jimmy $.20 to clean the eyepiece. Jimmy believes he has the following demand for his service: Price of a Peep $1.20 Quantity of peeps demanded 1.00 90 100 150 200 250 300 70 60 50 350 40 30 400 450 20 10 500 550 a) For each price, calculate the total revenue from selling peeps and themarginal revenue per peep. Price Quantity TR MR $1.20 100 90 100 150 200 70 250 60 300 350 50 40 30 400 450 20 500 10 550 b) At what quantity will Jimmy's profit be maximized? What price will he charge? What will his total profit be? c) Jimmy's landlady complains about all the visitors coming into the building and tells Jimmy to stop selling peeps. Jimmy discovers, though, if he…

Although self‑driving cars are still not trusted by most consumers, demand for them among technology enthusiasts has encouraged auto manufacturers to invest huge sums of money into their development. a. Self‑driving cars are currently on the   a.upward‑sloping b.downward‑sloping portion of the network demand curve. b. Since every major automaker is investing in self‑driving technology, the industry   a.has not reached b.has reached its tipping point.

The accompanying graph depicts the market demand curve faced by a hypothetical cartel operating in the US. Use the graph to ighlight the area that represents the profits earned by the cartel. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

In advertising, a business is not only making consumers aware of the existence of the product and its positive features but is purposely trying to persuade consumers to purchase the product. As a piece of economics which of the following best characterises what advertisers are trying to do? (a)  Shift the demand curve to the right and make it more income elastic; (b)  Shift the demand curve to the right and make it less income elastic; (c)  Shift the demand curve to the right and make it less price elastic; (d)  Shift the demand curve to the right and make it more price elastic.

Question 26 The economic entity most likely to engage in price gouging is the manufacturer of the product, such as a Honda generator. a national big-box store, such as Target or Walmart. a local, regular supplier of the product. an individual or business who has a supply of the product somewhere else. a local resident who wants to get rid of his or her own product.

1. Which of the following companies most closely resembles a monopoly? Walmart Microsoft Starbucks McDonald's Question Source: Chiang 4e - Economics Princip 39 36 近

as an avid advocate for the adoption of ethical codes in sport, provide a description of Russia doping violation