The assumed objective of a firm is to maximize revenue O maximize output O minimize cost of inputs O maximize profits

Q: The costs of changing prices in imperfectly competitive industries do not include O A. loss of…

A: Introduction  The question is related imperfectly competitive market

Q: 6. For classical decomposition, which moving average order produces smoother trend? A. MA 2 B. MA 3…

A: Answer - "Thank you for submitting the questions, But, we are authorized to solve one question…

Q: Which of the following is the best example of a good or service that would be considered non-rival…

A: Public goods are those goods which have the characteristics of being both non-excludable and…

Q: In which of the following situations would the supplier have the greatest power to hurt a business…

A: In a market, a supplier has some power to influence the business because they provide input…

Q: A) How much is equilibrium price and Quantity?

A: Demand is the amount of a good or service that consumers want at different prices at a particular…

Q: e. Demand increases and supply is constant. f. Supply increases and demand decreases. g. Demand…

A: The following problem has been answered as follows:

Q: Which of the following is an intermediate good? Select one: C A. the purchase of gasoline for a ski…

A: In an economy, the intermediate good refers to the one that is purchased by an individual or a…

Q: Padayappa has now retired after 40 years of employment. He just made an annual deposit to his…

A: It is given that after 40 years of work, the person is getting retired and his retirement…

Q: 18) If the price elasticity of demand is 0.6, then a 10 percent increase in the price of the good…

A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product…

Q: A fixed proportion production function has isoquants convex O L-shaped

A: The production function(PF) shows the association between the output level to its maximum that can…

Q: Use PMT= 1- -nt to determine the regular payment amount, rounded to the nearest dollar. Your credit…

A: given that, Principal(P) =$3200 rate of interest(r) = 0.12 time (t) = 2 years n = 12

Q: If a firm doubles all of its inputs and output more than doubles (e.g. goes from 100 to 225), then…

A: Answer- There are increasing returns to scale.

Q: Why is economics often described as the science of constrained choice?

A: The economics is the science which deals with the allocation of these limited resources to satisfy…

Q: 5. Which of the following is an example of an intermediate good? a) the dough you buy to fix…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Which of the following statements is correct about a business income coverage form? 1. it must be…

A: Business income coverage form is a type of an insurance policy that covers loss of income from…

Q: True/False Marginal utility is 0 for the Consumption of the very first unit.

A: Marginal utility can be defined as : The extra satisfaction which a consumer obtains when he…

Q: Which location represents the firm's costs? (A) 1 (B) 2 C) 3 (D) 4 Line 2 QUANTITY

A: Total cost of the firm is the cost incurred to carry out production.Consumer surplus is the area…

Q: Which of the following is an example of lower production costs brought about by the use of…

A: The quantity supplied of the good is defined as the amount of the good the firms are willing and…

Q: In Exhibit 7-10, the publisher's fixed cost is equal to: O $200. O $100. $300. $50.

A: Fixed cost refers to the cost of production that does not change with a change in the level of…

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: Refer to the figure at right. An increase in production from q, to 9/₂ O A. uses more capital in the…

A: In the short run at least one input is fixed and in the long run all inputs are variable.

Q: 34. Mr. G had been working for a paper company as the Assistant Operation Officer headquartered in…

A: Culture is the set of social norms, customs, believes, and behavior available in human society.

Q: The average product of labor will reach a maximum where the marginal product of labor is maximized…

A: By labor, economists refer to the human effort which goes into producing goods and services in an…

Q: 22. For the three-part question that follows, provide your answer to each part in the given…

A: Purchasing power of an individual depends on the real increase in the amount of income rather than…

Q: Review Questions 3. Why do whites generally have more assets than minorities? a) Whites are wiser…

A: Understanding the options: A. The statement says that White People are more experienced and…

Q: Consider the same marginal revenue functions. Now suppose the league imposes a 20% luxury tax on the…

A: Dear learner you have posted multiple questions, as per our policy we have solved only first…

Q: What kind of monetary policy rule did Milton Friedman advocate? Select one: a. Long-run economic…

A: According to Milton Friedman, the money supply rate should be equal to the real GDP growth rate.

Q: Output Quantity Total Fixed Total Variable Cost Cost $100 $ 0 1 100 50 100 84 3 100 108 4 100 127 15…

A: Fixed cost is independent of output produced.  Whereas variable cost varies with the level of output…

Q: 1. What is the name of the currency in your country? 2. What is the exchange rate between the dollar…

A: An exchange rate is the rate at which one currency can be exchanged for another. It is the price of…

Q: 3. Which direction will the demand curve shift if consumers' income rise? Questions: A. To the right…

A: Since you have posted multiple questions, as per guidelines we are supposed to solve only the first…

Q: 3. Maria wants to borrow Php 8 000 from their credit cooperative. She needs to pay back Php 8 180 in…

A: Given: Borrowing amount=Php 8000 Payback amount=Php 8180 Time=6 months To find: Interest rate Note:…

Q: Mr Lee has a fixed capital investment of 20M for a proposed manufacturing estimated to be 10% of the…

A: Answer in step 2

Q: 5. Priyanka has an income of £90,000 and is a von Neumann-Morgenstern expected utility maximiser…

A: Von Neumann-Morgenstern utility function is an extension of consumer utility theory that…

Q: What is an example of an economic model? a. b. Opportunity costs. Positive statements. O c. O d.…

A: An economic model is a streamlined framework that economists use to study and comprehend how…

Q: MS, MS, MD M2 M, QUANTITY OF MONEY The graph above shows a decrease in the money supply. Which of…

A: Monetary Policy refers to a policy of changing the economy through changes in required reserves or…

Q: 1. In drawing an individual's demand curve for a commodity, all but which one of the following are…

A: Note:- Since we can only answer one question at a time and the exact question is not specified,…

Q: What strategies can you use to prevent over-service? Serve one drink at a time. Wait for the…

A: Over-servicing is not the same as "going above and beyond." It's conducting work that isn't within…