Q: equilibrium price, and then the demand curve for X shifts rightward. What is the likely outcome of…
A: market cost is the ongoing cost at which an item or a help can be traded and subsequently exchanged…
Q: In a monopolist group pricing setting, the monopolist optimally charges. with a elasticity of…
A: Monopoly firm practises price discrimination to raise the level of profit. Price firm charges…
Q: Suppose that the central bank observed a drop in real GDP, but does not know what caused this drop.…
A: The real business cycle theory explains two major industries Money supply concepts include: The…
Q: Q.3 The following table shows ominal GDP and an propriate price index for a oup of of selected…
A: The measure that depicts the final value of goods and services being produced in an economy within a…
Q: -20 40 Enter 50 10 0 0 s the payoff to two airlines, A and B, of serving a particular route. If the…
A: *Answer: Explanation : According to the given conditions, Before tax firm A has a dominant strategy…
Q: The northern community of Assiniboine Narrows has a population of 12,000. It has one medical clinic…
A: Mortality rate, or death rate, is a measure of the number of deaths (in general, or due to a…
Q: Approximate the after-tax ROR on a project that had a first cost of $500,000, a salvage value of 20%…
A: Amount received after fifth year = (20% x 500000) + 230000 = 100000 + 230000 = 330000 Year…
Q: Suppose the Palestinian population is 3,800,000 individuals, the number of individuals 16 years and…
A: Answer; Palestinian population is 3,800,000 Labor force participation rate = 80% Labor force…
Q: In a production of armored shots to Ukraine the production function looks as follows: Q = KaL b…
A: As given information Q =KaLb Where b = 0.5 and a+b =1 so a = 0.5 Also price of capital Pk= 2 Price…
Q: The hallmarks of a high-performance corporate culture include A. frequently revised and updated…
A: a solid accentuation on cooperation, severe authorization of organization arrangements and systems,…
Q: Mr. Green had a housing loan amounting to P2,659,931, and it was to be amortized by a group of 30…
A: Given that; Loan amount = P 2,659,931 Time = 30 years i = 15% Uniform annuity of payment = P 95000…
Q: If good X plotted on the x-axis, and good Y plotted on the y-axis, an increase in the price of good…
A: Budget constraint shows the amount of the two goods that can be purchased given their prices and…
Q: c) Given the following economic models Y=C+I+G+ X-M C=1000+0.2YD- T=30+0.4Y I=100+ 0.15Y G = 40 X =…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: A capital asset has first cost of $10,000 and it depreciates at 10% rate annually. Operating costs…
A: Operating costs are the costs of running a business daily. Rent, labour, and other overhead costs…
Q: Jane has 9 liters of soft drinks and 11 sandwiches. Bob, on the other hand, has 11 liters of soft…
A: Jane's endowments: 9 liters of soft drinks and 11 sandwiches Bob's endowments: 11 liters of soft…
Q: Two employees witness fraud committed in their firm. Each has two pure strategies: to become a…
A: Introduction Two employees witness fraud committed in their firm. Each of them has pure strategies:…
Q: 3. The components of marginal revenue Manuel's Fire Engines is the sole seller of fire engines in…
A: Demand curve shows a negative relationship between price and quantity demanded. Decrease in price…
Q: Derek and Maria are now trying to predict how much money they will raise for their club from the car…
A: Profit = Total Revenue - Total Cost r(x) = 10x + 50 c(x) = 0.5x + 220 Profit = P(x) = r(x) - c(x)
Q: Question 12 For which of these goods would the market demand be more elastic, fantasy novels or…
A: Elasticity is the responsiveness of quantity of a good due to change in the price.
Q: Prospect X = ($4, 0.04 ; $15, 0.05 ; $24, 0.01 ; $38, p) What is the expected value of prospect X?
A: Given prospect Prospect X = ($4, 0.04 ; $15, 0.05 ; $24, 0.01 ; $38, p)
Q: Explain how imperfect information hazards might affect the following a. Workers applying for…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: A broad based increase in taxes will lead to A an increase in households' disposable income and will…
A: If the broad based taxes increase the disposable income of people will fall and they will be willing…
Q: Why do countries place restrictions on international trade?
A: Introduction : The exchange of commodities and services between countries is known as international…
Q: Disposable Income Consumption C Yd $2,000 $2,070 2,100 2,145 2,200 2,220 2,300 2,295 2,400 2,370 4.…
A: Answer; Option 3 is correct
Q: Consider two countries, Spain and Norway, that use labour as an input to produce two goods: shoes…
A: If a nation utilizes less resources to create a product, it has an absolute advantage over another…
Q: If Mylan continues to charge $150 per EpiPen, Mylan will earn economic profit. True or False: Given…
A: Introduction Here cost and revenue of a pharmaceutical Mylan has given. Mylan produces injection…
Q: Consider an AS AD diagram. What would happen in the model if Energy prices increased? Group of…
A: Real GDP is the value of final goods and services produced in the economy within a given period of…
Q: Julia is a macroeconomist who works as a policy maker for a European government. She believes that…
A: NAIRU stands for Non-Accelerating Inflation Rate of Unemployment, and the idea is that if the…
Q: 5) (KEY QUESTION) Consider the following data assuming that these are the only products produced and…
A: A country's nominal GDP is determined using current prices and is not adjusted for inflation.…
Q: Assume Tom's utility for tacos is as follows: Tom's utility from consuming tacos Total Utility 0 35…
A: Answer: The formula to find the marginal utility (MU) from 3rd taco is given below: MU3rd…
Q: The State of Florida is considering building a high-speed rail line from Orlando to Tallahassee that…
A: Given information State of Florida is constructing a high rail line. It requires to conduct cost…
Q: (Figure: Paloma's Budget Line) Use Figure Paloma's Budget Line. The price of a cup of tea is $3, and…
A: The budget line is a graphical delineation of all possible combinations of the two commodities that…
Q: Mobile internet provider knows that there are two types of users with 1000 users of each type. Type…
A: Given that; There are two type of users Type A and Type B For Type A q1=q(p)=100-2p For Type B…
Q: 2) A certain part can be obtained by either of two methods. Method X will have fixed costs of…
A: Breakeven refers to the point at which the total cost of production is equal to the total revenue .…
Q: The following graph shows the market for bank reserves in a hypothetical economy. Suppose the price…
A: Impact of decrease in the overall price level is shown in the below graph…
Q: 1) please help need it Before 3pm fast kindly pretty please. Just make it short like 2 sentencesonly…
A: Food law is essential for easy trade activities in the international market.
Q: For example, the sticky-wage theory asserts that output prices adjust more quickly to changes in the…
A: Since in the short run the supply curve is directly proportional to the price level hence, The…
Q: O elastic
A: Elasticity of demand depends the responsiveness in quantity demand change due to price change. If…
Q: 10. Public policy toward monopolies Suppose that a government that is skeptical of efforts to…
A: Answer: Regulating the firms' behaviour is quite impossible because companies find ways to ovoid…
Q: How might special interest groups and lobbyists influence campaigns and elections? Group of answer…
A: SIGs or Special interest group is a community formed by individuals with a shared interest in a…
Q: In the short run, the decrease in investment spending associated with business pessimism causes the…
A: Disclaimer: Multipart question. Answer to the first three parts provided.
Q: Number of Votes 63 43 A reality show is considering three cities for their new season: Philadelphia…
A: Answer is given below
Q: 9.16 You purchased a molding machine at a cost of $88,000. It has an estimated useful life of 12…
A: Straight line basis is a method of calculating depreciation and amortization, the process of…
Q: Qd=88 000-200P+ 0.3M-1000PR MC 90 +0.09Q TVC = 48Q TFC = 650 000 where Quis quantity demanded, P is…
A:
Q: Average Income of Bank Customers Average Income of Bank Customers per Region 35k 30k 25k 20k 15k I…
A:
Q: cond degree price discrimination is the same as none of the other answers are correct. personalized…
A: The price discrimination is followed by the monopoly firm. The second degree price discrimination…
Q: Suppose that the market demand for facial mud packs are given as follows: P = 2.200 - Q. Mud packs…
A: Given, Market demand: P = 2200 - Q
Q: Princess Cruise Company (PCC) purchased a ship from Mitsubishi Heavy Industry for 700 million…
A: * SOLUTION :-
Q: Inflation The consumer price index (CPI) of a certain country is given by I(t) = -0.02t³ + 0.4² +126…
A: Given CPI equation, I(t) = -0.02t3 +0.4t2 +126 for t = 0, 1, 2, 3, and 4
Q: ate strictly domin minated strategies. If the game does not have a pure strategy Nash equilibrium,…
A: A strictly dominated strategy always gives minimum payoff that is a worse outcome irresepective of…
Briefly discuss the obligations of both the
seller and the buyer as recognized in our law.
Step by step
Solved in 2 steps with 1 images
- ECONOMICS Please Show Your Work With an Explanation This problem set explores what happens to pricing when we add network effects, which are a specific form of positive externality. You’ve invented a 3D fax machine. This cool technology is almost like a Star Trek teleporter. You can scan an object at one machine, which creates an exact copy at another 3D fax machine. It is so valuable that as more people use it, it becomes more valuable, and the price any given user is willing to pay increases in turn. Consider a scenario in which there are 12 possible users, who each value the fax machine at i*n, where i is the index of that user (from 1 to 12), and n is the number of other purchasing users. So, if no one buys the 3D fax machine, everyone values it at 0. However, as soon as one person buys the device, then the 12 possible users begin to value the product at 1, 2, … 12, respectively. If 2 people purchase, the 12 possible users’ valuations increase to 2, 4, … 24, and so on. Because…With the help of appropriate diagrams, explain how a tax can be used to reduce the consumption of a harmful product such as cigarettes.Subway rides during rush hour S D The subway system in your city is approximately in equilibrium. Given current schedules, riders don't wait long for a train. Platforms are busy but not overcrowded. In other words, rush-hour fares are such that the quantity of rides supplied is about equal to the quantity demanded. The directors of the system now come up with an idea to get more people out of their cars and into the trains. Each time a rider buys a ride, 50 cents will be automatically deposited into the rider's bank account. The funding for this subsidy is to come from diverting a portion of gasoline taxes now paid by motorists. If this scheme works to increase ridership, the system is ready to provide more rides and to adjust fares as needed to keep the system in approximate equilibrium. When the plan goes into effect, what is likely to happen in the diagram above? Select one: a. D will decrease as potential riders realize that driving has become more attractive. O b. P will fall,…
- This section of the course examines restrictive practices (Chapter 11 of TextLinks to an external site.) and lists a few types of these practices. For this discussion, your task is to: Identify a good and firm that utilizes a restrictive practice? Explain how the restrictive practice works? Explain who benefits and who is harmed by this restrictive practice? In your opinion, is this a fair restrictive practice, or is it one that may be predatory?Subway rides during rush hour The subway system in your city is approximately in equilibrium. Given current schedules, riders don't wait long for a train. Platforms are busy but not overcrowded. In other words, rush-hour fares are such that the quantity of rides supplied is about equal to the quantity demanded. The directors of the system now come up with an idea to get more people out of their cars and into the trains. Each time a rider buys a ride, 50 cents will be automatically deposited into the rider's bank account. The funding for this subsidy is to come from diverting a portion of gasoline taxes now paid by motorists. If this scheme works to increase ridership, the system is ready to provide more rides and to adjust fares as needed to keep the system in approximate equilibrium. When the plan goes into effect, what is likely to happen in the diagram above? Select one: O a. D will increase, resulting in more rides at a higher fare. O b. S will increase, resulting in more rides at…What are the concepts, reasons and effects of market failure?
- What are the sources of law?Imagine a market for used computers. There are two types of computers: good and bad. Also imagine that there are 50% of each on the market. Buyers can imagine paying 5,000 for a good computer and 1,000 for a bad computer Sellers want at least 4000 for a good computer and 1500 for a bad computer a-What would happen in the market if both sellers and buyers can observe the quality? What type (s) would be sold and what would the price be?b-Assume that the buyer thinks that there is a 50% probability that the computer is of poor quality. What is the expected value and price of a computer that the buyer most wants to pay?c-What would happen in the market if the buyer thinks that there is a 50% probability that the computers are of poor quality? What type (s) would be sold and what would the price be?d-What would happen over time in the market when buyers can observe the quality of computers through transactions?An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is adverse, it is called a externality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good. Adjust one or both of the curves to refiect the presence of the externality. If the social cost of producing the good is not equal to the private cost, then you should drag the supply curve to reflect the social costs of producing the good; similarly, if the social value of producing the good is not equal to the private value, then you should drag the demand curve to reflect the social value of consuming the good. -O- Supply Demand Supply Demand QUANTITY (Unts) With this type of externality, in the absence of government intervention, the market…