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A: Given: Pb = 112-QbMC = 25 If the monopoly was broken into a competitive industry, then the market…
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A: Invested amount = 170000 pesoExchange rate, 1 Canadian dollars = 40 pesosInvestment amount in…
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A: In the given question we are given with,national income(Y)= $30 billiontax(t)= $10 billion,…
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A: Empirical probability is defined as number of times an event occurs / total number of times events…
Q: 3-82. Suppose that you have just borrowed $7,500 at 10% nominal interest compounded quar- terly.…
A: Quarterly nominal interest rate = 10% / 4 = 2.5% Number of quarters = 6 x 4 = 24
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A: Economic growth means the creation of new products and the increased consumption of them by the…
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A: Utility is the measurement of satisfaction or joy or happiness u get while consuming the goods and…
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A: In order to determine a company's cost structure or the number of units that must be sold in order…
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A: The elasticity of supply refers to the percentage change in the quantity supplied of a good or…
Q: The figure at right shows the revenue and cost curves for a typical monopolistically competitive…
A: C) In the above diagram, the profit-maximizing condition for the firm is when MR=MC. This happens…
Q: The following are national Income account data for a hypothetical economy In billions of dollars:…
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Q: For each of the following changes in the market for apples, explain why demand will increase,…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: A local clothing store is having a sale in which if you purchase one men's suit at full price, you…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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Q: 1. Suppose that you own a used car dealership. You want to sell a 2005 Honda Civic LX. You know that…
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A: In a market, several competitors enter to challenge the existing ones and try to capture the maximum…
Q: Suppose that banks are less able to raise funds and so lend less. Consequently, because people and…
A: Monetary policy refers to the collection of policies that the central bank of a country uses to…
Q: Suppose you have $12,000 in your checking account. You withdrawl $500 cash from your account and…
A: Here we calculate the change in money supply , by using the given information so the calculation of…
Q: An economy with no government is described by the following: • Marginal propensity to consumer = 0.8…
A: An inflationary output gap refers to the macroeconomic concept which measures the difference between…
Q: BridgeCo manufactures ar used struc standard size caseloads for a price of $4000. BridgeCo's fixed…
A: Price=$4000 Fixed Cost=$20,000 Variable Cost=$2000 (a) Total Revenue= Price*Quantity TR=4000*Q…
Q: a farmer in Georgia begins to grow peaches. He uses $1.000.000 in savings to purchase land. he rents…
A: Both Economic profit and Accounting ptofit solved below,
Q: c. Based on other considerations, the firm's management will only consider price alter- natives of…
A: Answer c. Only price alternatives available are $30,$40,$50 Substituting the value of price…
Q: A local sports store had been selling an average of 187 jogging outfits per month over 6 months at…
A: Elasticity of demand depicts how much consumer responds with the change in the price level.
Q: he following table gives the cost and demand data for a monopolist: utput Price $ Marginal Revenue $…
A: A monopolist is a sole producer of a good in the market thus having a maximum market power thus act…
Q: specializes in labor market work. If they still need to each eat 3 meals per day (for a total of 6…
A: Comparative Advantage refers to the ability of an individual or a country to produce a particular…
Q: A company's revenue function can be defined as; TR= Price (P) x Quantity Demanded (Q). If the…
A: Total revenue is the product of price and quantity. Profit is the difference between total revenue…
Q: 1. The Nash bargaining solution between the employer and the worker satisfies the fol- lowing…
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A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…
Q: 3. What is the marginal cost of producing the high-quality product? 4. What is the marginal cost of…
A: Price discrimination is the type of price charging policy of the firm. Firm does price…
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A: The Ricardian model explains the trade between two countries, that produce two commodities using two…
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A: EAR:The EAR full form is the effective annual interest rate and it is the interest rate an investor…
Q: 1-Use the graph to answer the questions. Typical Computer Firm Price or Cost (dollars per computer)…
A: A firm maximizes profit at the point where the additional revenue equals additional cost. At this…
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