Suppose market demand for mobile operators is expressed by Q=90-3P where Q is measured by calls in hours. There are three firms that supply the market: TRCell,VFone, and Avea .Avea provide hourly calls at a unit cost of 20$, where as TRCell& VFone has a unit cost equal to 10 Suppose firms are competing in price( no capacity constraints )   a) What is the market price? Why? b) How much does each firm sell in Bertrand equilibrium? c) What are firms’ profits? Is there any way for all firms to get higher profits

Q: You have been asked to analyze the bids for 200 polished disks used in solar panels. These bids have…

A: Import obligation is a tax gathered on imports and a few products by a country's traditions…

Q: You want to purchase a new widescreen HDTV, but you don't have sufficient money(capital). You could…

A: Note: We will be able to answer one question as the exact one was not specified. Please resubmit a…

Q: Steve's utility for socks (q1) and other goods (q2) is given by U(q1,q2) =109¹929 The price of the…

A: In the field of economics, "utility" is a phrase that refers to the overall enjoyment that one…

Q: Based on the graph below , the opportunity cost of producing at point C instead of A is…

A: Production possibilities curve shows different combinations of two goods that can be produced with…

Q: LRAS Aggregate Supply Aggregate Demand O Aggregate Demand 0 Aggregate Supply

A: The central bank decreases the money supply by 5%. This shows that the central bank has adopted…

Q: Question. Describe Henry Ford through the lens of trait-theory. Make sure you include the following…

A: People have some fundamental qualities, according to the trait theory of personality, and the degree…

Q: A project's approved budget is $210000 and planned budget to date is $45000. What will be the…

A: In its most basic form, a budget plan is a statement that provides projections of the expenditures…

Q: What is an alter ego theory relative to matters requiring Presidential Action

A: Alter ego theory assumes that the corporation, managing directors, and the shareholders are the…

Q: Reviewing Writing - Intermediate Diagnostic Task 1: Read this sample responses to the tasks you have…

A: A. I feel that the biggest advantage of living in the countryside      is     that it is much…

Q: TABLE 2. Finding Equilibrium After a $30 Billion Investment Spending Decrease (All Figures in…

A: The measure that depicts the final value of goods and services being produced in an economy during…

Q: D) nonnegotiable; negotiable With finance, borrowers ain funds from lenders by selling m securities…

A: Financial markets bring lenders and borrowers at the same place. Lenders are savers and borrowers…

Q: Price($) 25 15 9 A B NA H -- с E i DD 0 200 300 600 700 Quantity of Wheat (thousands of bushels)…

A: When the world price lies below the equilibrium, quantity demanded exceeds quantity supplied so the…

Q: Write a brief explanation of each of the following terms:< a. specific tariff b. intra-industry…

A: A tariff refers to the imposition of the tax by one nation on the goods and services offered over…

Q: Explain how the slope of IS curve affect the outcome of expansionary monetary policy (increase in…

A: Expansionary monetary policy Expansionary monetary policy functions by rapidly growing the money…

Q: You are considering investing $84,000 in new equipment. You estimate that the net cash flows will be…

A: The measure that depicts the current stream of income flows being discounted at a specified rate of…

Q: Write a brief explanation of each of the following terms: a. specific tariff b. intra-industry trade…

A: Tarif is , at the most fundamental level, is a duty charged on labor and products as they move…

Q: a) Draw the demand process cycle and label it fully. b) A door company has the following materials…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: Explain how the slope of LM curve affect the outcome of expansionary monetary policy (increase in…

A: Expansionary monetary policy An expansionary monetary policy is a form of macroeconomic stimulus…

Q: A construction firm needs a new small loader. It can be purchased for $20,000. The firm expects the…

A:

Q: Please use the theory of comparative advantage to explain how international trade between two…

A: The comparative advantage refers to the advantage of production of goods and and service at a lower…

Q: From a host country's point of view, although do/does bring along with it significant financial…

A: The measure that depicts a company taking controlling ownership in another country or a business…

Q: Nodhead College needs a new computer. It can either buy it for $295,000 or lease it from Compulease.…

A: Cost of Computer = $ 2,95,000 and Lease Payments = $ 71,000 for 6 years. Rate of discount = 6 % Part…

Q: What is meant by the term economic efficiency. Explain in detail.

A: When it comes to an economy, economic efficiency is achieved when all of the commodities and factors…

Q: What variable makes the relevance/link between loanable funds market and market for foreign-currency…

A: Foreign exchange, is the transformation of one country's cash into another. In a free economy, a…

Q: What is autarky. Define it's characteristics.

A: Economic system refers to the various rules and regulations that form the economy. Market systems,…

Q: A Moving to another question will save this response. Question 15 Phillips Curve shows possible…

A: Phillips curve is a downword sloping curve.

Q: LRAS Aggregate Supply XX Aggregate Demand 1 Aggregate Supply LRAS (?)

A: The equilibrium level or state of balance in the economy is decided when AD and AS are equivalent.…

Q: Under free-trade conditions, suppose Australia imports TV sets at a price of $100 each. Determine…

A: A country imports a particular product only when the free trade price of the product is less than…

Q: Compare and contrast one (1) of the following in 70 to 100 words . Be sure your writing shows that…

A: Commoditization is the process of transforming something into a commodity. More broadly,…

Q: Mr. Diddy grows and sells Pineapple. His company is named "Do it Diddy Way!!" Suppose that to…

A: Two inputs required to produce pineapple given as i. Land(Fixed) ii. Workers (variable) Land as…

Q: Explain how the slope of LM curve affect the outcome of expansionary fiscal policy (increase in…

A:

Q: The long-run cost function of the representative firm in an industry is C(q)=q3/3-6q2 +30q and the…

A: Long Run Cost : C(q)=q3/3-6q2 +30q Market Demand : D(p)=3600-120p Marginal Cost : MC=dTC/dq…

Q: How to solve a tax incidence? note: 1. please provide basic or simple examples for easy…

A: The amount to which taxes are shared among buyers and sellers in a market is known as tax incidence.…

Q: Compute the future value of $10,000 at an interest rate of 10 percent 5, 10, and 15 years into the…

A: Given  Present value P = $10,000 We have to calculate the future value  Formula for future value is…

Q: Analyse the various issues which influence industry standards used in project cost management.

A: The actions used to estimate, assign, and regulate project expenses are known as project cost…

Q: What is the difference between corporate branding and individual branding?

A: Branding refers to the market strategy of the firms to increasing the recognition of the business of…

Q: 6. Pick which one you would personally prefer (this is all tax free): a. $1 million today b.…

A: This question can be answered with the understanding of the time value of money which states that…

Q: our client, InsureCorp, is an insurance company considering launching an ‘income insurance’ product…

A: An insurance policy is a type of contract in which one party, the insured, is indemnified against…

Q: 2. Price controls in the Florida orange market The following graph shows the annual market for…

A: In the mentioned question we have been asked about the equilibrium price and quantity an also it is…

Q: Figure 21-22 E C 2 3 6 7 8 9 Refer to Figure 21-22. When the price of X is $80, the price of Y is…

A: Given  Initial price of good x is 80 and price of good y is 20 Income of consumer is $160 We have to…

Q: A monopoly is considering selling several units of a homogeneous product as a single package.…

A: Information given is as follows:- Demand for product is:- Qd = 120 - 0.25P Marginal cost of…

Q: Question 20 of 2 Given an upward sloping aggregate supply curve, which of the following changes in…

A: Aggregate demand curve shows negative relationship between price level and real GDP. Aggregate…

Q: Suppose the price of good X falls and the consumption of good X increases. From this we can infer…

A: Here, it is given that when there is a decrease in the price of good X, it will lead to increase the…

Q: aks Properties builds strip shopping centers and small malls. The company plans to replace its…

A: Provided that, Equipment price is $786000,  Operating cost per year is $240,000. The company can…

Q: The price elasticity of demand is smaller: A. the fewer substitutes for the product. B. the more…

A: Ans. The Price elasticity of demand is the magnitude of change in quantity demanded to change in the…

Q: Why have indigenous people remained politically marginalized despite winning formal political…

A: Being marginalized is being constrained to live on the edges or on the fringe of things, as opposed…

Q: You observe the following exchange rates: 1 USD = 1.42 Euro 1 USD = 169.97 Yen 1 Euro = 112.69 Yen…

A: Exchange rate The price of a nation's currency relative to another country's currency is known as…

Q: When the model y = Bo+B₁ + B₂x12 + 14, was estimated, the 95 percent confidence inter- val for 3₂…

A: Given model is: yi=β0+β1xi1+β2xi2+ui 95% confidence interval = (-0.12, 1.32) The confidence interval…

Q: Suppose mers (or types the willingness to pay vice or a bur Assume the selling one more service to a…

A: 1. 1) profit from selling at separate prices = 410   = (140*2) + (130*1)   = 280+130   = 410

Q: Using a simple diagram, illustrate how the monopolist can produce output of a competitive firm but…

A: Monopolist refers to the type of economy or market where it is characterized by a single seller or…

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.