Assume a monopolist faces a market demand curve P = 100 - 2Q and has the short-run total cost function C= 640 + 20Q. what would price and output be if the firm priced at socially efficient (competitive) levels? What is the magnitude of the deadweight loss caused by monopoly pricing?

Q: 10. The Solow model tends to over-predict income per person in poor countries. *

A: Introduction Solow model focus on long run growth. The main component of the model are saving and in...

Q: In January 2019, the Egg Marketing Board announced that the egg quota would be reduced by 10% for al...

A: 10% is quota reduced for all the producers, it would create the less supply in the market or if the ...

Q: The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200 - 9.5p + 16.2 pp + 0.2Y, w...

A: Put p=45, Pp=31 and Q=1,275 in Q = 1,200 - 9.5p + 16.2 pp + 0.2Y to get Y: Q = 1,200 - 9.5p + 16.2 p...

Q: A. Each week, Gavriel buys cheese (C) and sausage (S) which provides her a utility of U- 5th root of...

A: As per the question, utility U= 5th root of (C3S2) which can be represented as U=(C3S2)15. Her weekl...

Q: Give example for singapore’s fiscal and monetary policies during covid-19.

A: To find : Example for Singapore fiscal and monetary policy. 

Q: Adult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000   How many adults are ...

A: Labour force is the sum of people who are employed and people who are unemployed. 

Q: Unemployment due to mechanization of agriculture i:

A: To find : What is unemployment due to mechanization of agriculture 

Q: In an economy income increases by 10,000 as a result of a rise in investmen expenditure by 1,000. Ca...

A:

Q: Ceteris Paribus means

A: To find : What is ceteris paribus

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A: The data given in the question is:- Amount = 80,000 Interest = 5% = 5%/12 = 0.416 Time = 30 years = ...

Q: 1. Calculate the value of nominal GDP for 2004. a. PHP800 b. P1,060 c. P1,200 d. P1,460

A: Nominal GDP refers to the GDP at current prices. It is defined as the market value of the various go...

Q: Which of the following is NOT an example of improper methods when conducting a cost-benefit analysis...

A: A cost-benefit analysis is a systematic process used by businesses to determine which decisions shou...

Q: a. Explain the meaning of each of these equations. b. What is the marginal propensity to consume in ...

A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...

Q: An equipment can be bought on installment basis with 24 monthly payments of P3,440, each payable at ...

A:   Interest rate = 12 % compounded monthly Monthly rate = 1 % Time = 24 months Payment = monthly    

Q: As we move up and to the left along a linear demand curve, the price elasticity of demand at fi...

A: In democratic government it has been seen that there is  the partnership and contribution of both pu...

Q: If actual output stays above potential output for some time, then we should expect. to rise and the ...

A: The goods market is in equilibrium where the aggregate demand and aggregate supply are equal to each...

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: We know that the marginal curve in a perfectly competitive market is constant and equal to the marke...

Q: What is demand-deficient unemployment? a) Unemployment due to asymmetric information on the side of...

A: A person is said to be unemployed if he/she is willing to work and looking for it but not able to fi...

Q: Engineering Economics A man deposits P58,454 each year into his savings account that pays 2% nomina...

A:

Q: outcome is a Nash-Coumot equilibrium, why did the prices rise less than in proportion to the firms r...

A: Oligopoly market is characterized by the presence of the few dominant firms. These firms have some m...

Q: Which of the following were effects of the consolidation of power in Japan under the Tokugawa dynast...

A: Basics:- Following were the effects of the consolidation of power in Japan under the Tokugawa dynast...

Q: he outcome is a Nash-Coumot equilibrium, why di rose less than the firma' costs in this oligopoly be...

A: An oligopoly is a market structure in which a small number of enterprises have a significant amount ...

Q: Profit is maximum when

A: To find : Condition for profit to be maximum. 

Q: Price Sus 23,000 22.000 21:000 20.000 19,000 Dus 123456789 QuTos Refer to the above diagram, where S...

A: Given;  World price= $20000 Domestic demand= 8 million autos Domestic supply= 2 million autos Import...

Q: Which of the following events may lead to deflation? A. decrease in government spending during a rap...

A: Deflation is the decrease in average price level of goods and services in the economy.

Q: If the inflation rate is 2 percent, interest rates are 8 percent, and GDP is growing at 3 percent pe...

A: Inflation rate is the rate at which price level is increasing. 

Q: are some government strategies u ase exports?

A: Outflow of goods and services from one country to another is known as export. 

Q: Question 11. For regulating pollution from diffuse sources, such as exhaust from cars, it is difficu...

A: Externality is the negative or positive spillover by the consumer or producer which affects the thir...

Q: 10. Mobility of labour A. O Increases efficiency of labour B. O Spoils labour C. O Increases divisio...

A: "Correct option is D."

Q: Several payments are to be made by a person with a lot of debts. 1st payment: ₱2,000 compounded qua...

A: For 1st payment: Computing the present value using excel formula as: =PV(rate,nper,pmt,{FV},type) wh...

Q: essay please

A: The money market is in equilibrium where the money demand and money supply are equal to each other. ...

Q: Approximately a thousand people enjoy a local beach. The utility each person gets from the beach is ...

A: People who enjoy beach = 1000 Utility, U = x x people contribute to cleaning the beach The total cos...

Q: The engineering team at Manuel's Manufacturing, Inc., is planning to purchase an enterprise resource...

A: Given: The cost of installation for Vendor A is = ₱380,000 Increased revenue per year is = ₱125,000 ...

Q: A 15 percent decrease in the price of potato chips leads to a 30 percent increase in the quantity of...

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: Circular flow of production process

A: Introduction Circular flow used to show how the economic activity works in an economy. There are two...

Q: Which of the following is a producer good?

A: To find : Which is producer good 

Q: Which of the following would most likely shift the production possibilities curve outward? O 1. a de...

A: The curve that depicts the combination of goods that could be purchased with the given resources and...

Q: Note : please answer both the question. I will give instant upvote.   For the​ "No, markets fail​ ...

A: Answer:  (1). A negative demand shock leads to a decrease in the aggregate demand in the economy. As...

Q: 53. The annual demand for Prizdol, a prescription drugmanufactured and marketed by the NuFeel Compan...

A: To simulate this problem, create a spreadsheet with the following values and formula: This will exa...

Q: Suppose there is a decrease in the demand for investment, and increase in saving in an economy. Show...

A: An investment curve is downward sloping due to the negative relationship between interest rate and i...

Q: 5. How can the high rate of return available in modern financial markets discourage businesses from ...

A: Introduction The hazard-go back tradeoff is a buying and selling law that combines extreme risk with...

Q: Nico has a 20-year-old oil-fired hot air furnace in his house. He is considering replacing it with a...

A: Answers   Net Investment Cost of new gas furnace $               4,500 Add: Installation Cos...

Q: Year Price of Tea Qty of Tea Price of Shoes Qty Shoes 2018 Php10 200 Php100 50 2019 Php11 200 Php110...

A: Here, it is given that the base year is 2018, and quantity of tea and coffee are same in both the ye...

Q: .Consider a small, remote town with only one employer - a pulp and paper mill. Suppose there are cur...

A: As per the question, Initial number of workers= 600 workers Initial wage received by a worker= $5000...

Q: Briefly explain and graphically illustrate the property of diminishing margincal rate of substitutio...

A: The willingness of a consumer to substitute one good for another as long as the new good is equally ...

Q: In words, Ay = B1AX, is defined as the marginal effect of: a. x on y is constant and is equal to BO....

A: Marginal effect measures the change in dependent variable due to change in independent variable.   

Q: 45-46

A:   Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...

Q: Determine the number of periods n would it take for a uniform payment series in an account that earn...

A: Uniform Series Compound-Amount Factor” is given by the following formula: FA=1+in -1i where F=Future...

Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the unemploym...

A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped look...

Q: Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can ch...

A: Answer -