and B, has a total income of 16birr with price A and B were 1birr and 4birr respectively Given the following table Q 1 234 5 6 78 TUA 30 55 75 90 100 100 90 75

Q: A firm produces output, measured by Q, which is sold in a market in which the price P = 20,…

A: Monopsony is a form of  market structure which is characterized by an infinite number of sellers and…

Q: 1. The following boxplots show the total income of 40 randomly chosen households each from…

A: Box plots are based on the quartiles of the data, the median shows the middle value of the data, the…

Q: Please solve the only part c, part d

A: "Since you have asked multiple parts, we will solve only first two parts for you. If you want others…

Q: 1. Given a game between A and B with the following strategies and рay-offs: PLAYER B X PLAYER A 1 8…

A: Given pay off matrix of Player A and Player B   Player B Player A   X Y Z 1…

Q: 9.1 The textbook discussion of monopsonistic behavior begins with stat- ing the system of inverse…

A: Given information Inverse supply function Ps=g+Gs G= symmetric positive matrix Monopsonist is price…

Q: If nominal GDP is $7,600 billion and the GDP deflator is 121, then real GDP is: O $9,196 billion O…

A: Real GDP measures the market value of goods and services using constant sets of prices.

Q: 1. Refer to the production possibilities schedule below assuming full employment. Combination F E D…

A:

Q: 9. Suppose that the total benefit derived from a given decision Q is: B(Q)=25Q - Q² and the…

A: B(Q) = 25Q - Q2 C(Q) = 5 + Q2 f) when Q=2  C(2) = 5 + (2)2 C(2) = 5+4          = 9  when   Q = 10…

Q: Electricity market in Ankara is monopolistic. The monopoly faces an inverse demand curve of P =…

A: In the market, price ceiling refers to the regulation imposed by the government to restrict the…

Q: 1.1 Assume that you are in charge of the central monetary authority in a mythical country. You are…

A: YearQmY19872519882.55.519893.2619903.6719913.37.2199247.719934.28.419944.6919954.89.71996510Thank…

Q: The following annual costs are associated with three new machines for use in a Styrofoam cup plant.…

A: at an interest rate (i) of 10% To find the present worth, PVAF is calculated for each year. PVAF =…

Q: Suppose a country's real GDP is $18 trillion and the population is 300 million. Instructions: Enter…

A: Real gross domestic product is a macroeconomic measure of the value of economic output adjusted for…

Q: 26. In an exchange economy there are two people (A and B), and two goods (x₁ and 2₂). Their…

A: In the exchange economy, it is expected that the economic agents exchange their goods with their…

Q: 3. Assume inverse demand function for game console in an imaginary country is P=1200-4Q and the…

A: First I have solved before tax in each case. Later on I have shown the calculation of after tax.

Q: being evaluated: Method A. Dig a ditch. The first cost would be $60,000, and $25,000 of redigging…

A: this question belongs to the present value so the definition is: Present value (PV) is the current…

Q: E) What does the intersection of these two graphs mean in the context of the problem? F) Find the…

A:

Q: A supplier's price schedule is: Order Quantity 0-99 100 or more Price per Unit $50 $45 If ordering…

A: The economic order quantity (EOQ) is a mathematical equation utilized to determine the ideal amount…

Q: A monopolistic competitor has the following information about cost and demand. Quantity Price ($)…

A: Since you have posted multiple questions, we will provide the solution to only the first question as…

Q: Richland: Wheat f. In which product does Prosperity have a comparative advantage? Prosperity: Wine…

A: Production possibility: - production possibility shows the different combinations of output that can…

Q: Choose a company that produces a specific product Illustrate how the effect of diminishing marginal…

A: The concept of diminishing marginal returns in economics refers to a situation where the increase in…

Q: 4.0 If you are offered four payment term options as follows; Option 1: Receive $ 60,000 now Option…

A: here we choose the better payment by calculating the net present value , higher the value higher the…

Q: A gas station is an example of a monopolistic competition monopoly perfect competition Oc O d…

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

Q: d. Now find the free trade equilibrium, assuming no transportation costs or tariffs, by setting P =…

A: Trade refers to the exchange of goods, offerings, or belongings between individuals, companies, or…

Q: 4.39 Three alternatives to incorporate improved tech- niques to manufacture computer drives to play…

A: The gift value technique analysis of the study is an equivalence technique during which the money…

Q: g. At the current level of equilibrium, the economy is experiencing a recessionary gap $4000. How…

A: Given: MPC=0.75 Autonomous consumption=$6000 Planned Investment=$2000 Planned government…

Q: Tom's utility function is u(x,x,) = In(x,)+2 In(x,) and Sally's utility functic u(x,,x2) = min{x, }…

A: utility function is an important concept that measures preferences over a set of goods and services.…

Q: d) Is the inflation rate that you've calculated likely to be biased? Why or why not?

A: Solution: d)  Goods Base Year Price (p0) Current Year Price (p1) Base Year Quantity (q0)…

Q: A big country with a good's demand described by P = 150 - 3Q and a good's supply described by P = 40…

A: Demand: P=150-3Q Supply: P=40+2Q Tariff: $8 Price decreases $66 to $64

Q: A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It…

A: Please find the answer below.   ECONOMIC ORDER QUANTITY (EOQ): Economic order quantity (EOQ) is the…

Q: increase.

A:

Q: On the basis of the equilibrium price and quantity in Example 4, calculate the point elasticity of…

A: Equilibrium quantities, Q1 = 6,  P1 = 63 – 4 Q1 P1 = 63 – 4*6 P1 = 63 – 24 P1 = 39 Q2 = 9 P2 = 105…

Q: Labour hours needed to make 1 kilogram: Meat Kilograms produced in 12 hours: Potatoes 12 Potatoes…

A: According to absolute advantage theory, if a producer is more efficient in producing a good than…

Q: (d)_(Cournot Competition) Now suppose we added a second firm that has identical costs to the…

A: Dead weigh loss: It is defined as the loss of total welfare (or the total surplus = consumer surplus…

Q: 3) Marc has an income of $20 per month. Root beer costs $5 per can, and CDs cost $10 each. Find…

A: Marginal Rate of Substitution:As the name suggests (MRS), the marginal rate of substitution is a…

Q: 5. Consider an economy with two farmers, A and B. It costs farmer A 400Q1 dollars to produce Q1…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: apute net present value widering intangible benefits. 2, 3), E P24-4A Jane's Auto Care is…

A: We are going to find the Present worth and Equivalent Unifrom Annual worth of additional benefits to…

Q: Jarrod Chiaramonte QL 1 2 4 5 7 8 18 42 78 123 163 188 203 211 1-2= 24. 2-3= 36. 3-4= 46. 4-5= 40.…

A: The profit maximizing firm would employ the labor where the marginal product of labor is equal to or…

Q: In the below figure, a consumer is initially in equilibrium at point C. The consumer's income is…

A: Indifference curves are defiend as the locus of all the points with equal level of satisfaction.…

Q: In the real business cycle model, suppose the government spending increases temporarily. Determine…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subpart for you…

Q: 1- Two months after launching the 8 GB iPhone in 2007, Apple reduced its price from $600 to $400.…

A: Price elasticity of demand (PED), often referred to as simply "elasticity," is a measure used in…

Q: Create a table describing input combinations of labor and wheat flour in producing a certain cake.…

A: An isoquant depicts all possible combinations of elements that result in a specific outcome.

Q: A decrease in the tax on capital income investment and economic growth. the real interest rate and…

A: In an economy, capital gain refers to the amount of money earned by an individual when he invested…

Q: Q1. Concepts a. Why is Tic-Tac-Toe not a static game? b. Why is there no pure strategy NE for…

A: Game theory is a branch of applied mathematics and economics that deals with the study of strategic…

Q: for a firm's production process. The initial cost $200,000 with annual costs of $50,000 and saving…

A: Given that,Annual cost = $50,000Savings = $90,000 and increment by $3,000 (G) after…

Q: If an asset is purchased at some initial time t=0 for $200 and sold at some time t > 0 in the…

A: The value of the asset is a function of time. If the asset provides returns greater than the price…