Give an example of each type of offer: -Competitive/free market offer (Polypolic) -Oligopoly offer -Monopoly offer

Q: Milford Industries provides medical equipment to oncology and surgical units in major hospitals. Mil...

A: Given, IDC allocation for three departments Production, subassemblies, and final assembly is given b...

Q: Two processes can be used for producing a new engine. Process A will have a first cost of P750,000, ...

A: * SOLUTION :-   

Q: We can describe inputs as either fixed or variable. Thinking about a company that assembles cars, wh...

A: In the production process, some of the resources are considered as fixed while others are variable r...

Q: What do we mean when we say individuals are both products and producers of society.

A: A producer is defined as an individual who creates and supplies the goods and services in the market...

Q: A market economy seems to be able to satisfy customers who have different tastes in cars. Whether yo...

A: The question focusses on the market of cars where personalised services or personalised cars are pro...

Q: Two firms produce a homogenous product. Let p denote the product's price. The output level of firm 1...

A: The demand curve refers to the inverse relationship between the price and quantity demanded. The dem...

Q: John Locke described the "invisible hand"? Adam Smith outlined the difference between the "home coun...

A: Economic matters is "the sociology that concentrates on the production, conveyance, and utilization ...

Q: 2. Two firms competing on output choice in an oligopolistic market face the following inverse market...

A: An oligopoly is a form of market that consists of a few firms and a large number of buyers. The prod...

Q: The closer the Lorenz curve for income is to the line of equality, the larger is the nation's total ...

A: Lorenz curve is a line which shows income distortion of households which is on x axis and cumulative...

Q: Which of the following assets is not subject to depreciation? O Office equipment O Computer unit O F...

A: Depreciation is a process of deducting the cost of an asset over its useful life.

Q: 3. What is static efficiency? Illustrate your answer with the aid of a well-labelled diagram. What i...

A: Static efficiency is refer to the condition, in which the efficient combination of the excising reso...

Q: Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school tr...

A: Equilibrium occurs at such a price where quantity supplied is equal to quantity demanded.  Disequili...

Q: Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is va...

A: In macroeconomics, the PPF is the set of points at which a country's economy is allocating its resou...

Q: DATE O , ece capital Oontrolls impact mestic financi0l System and therefor perfermance f ecenomys PO...

A: Impact on domestic financial system Capital controls are government-imposed restrictions on the outf...

Q: A tax A) places a wedge between the price paid by the buyers and the price received by the sellers. ...

A: Whether the tax is imposed on buyers or sellers, the effect of the tax is same. It leads to ineffici...

Q: About the measurement of the GDP O A The profits of a firm are higher than the value added of the fi...

A: Option A is false because Value-added includes profit so this is not true. Option C is also incorrec...

Q: Ig is given that there is an increase in market price and quantity transacted for masks relative to ...

A: Though no single country can meet the rising demand for masks, trade is essential. Export bans are h...

Q: As polarization occurs in the U.S. job market (high skill/education positions pay quite well, while ...

A: I can give a term called Education economics which means is the study of economic issues related wit...

Q: Describe the difference between how Economic Expansion and Economic Growth can be displayed on the P...

A: The Production Possibility curve can be used to explain two important economic concepts - Economic ...

Q: Suppose the city of Strelsau has a 10%property tax on rental properties. Rudolph makes $100,000 a ye...

A: a. Strelsau has a 10% property tax on rental properties. This tax rate does not depend on the value ...

Q: he figure below shows a consumer maximizing utility at two different prices (the left panel) and the...

A: We know that the effect of price change is decomposed in substitution effect and income effect.

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If...

A: Initial optimal emissions for firm; MAC= tax 8-E=1 E=7 Tax cost=7*1=7 Total abatement cost=1/2*1*1=0...

Q: Key Social and Economic Data Unemployment (% in 2014) Life Expectancy Annual Growth Country (% chang...

A: In the 1980s the Eastern European countries have adopted economic reforms that changed the economic ...

Q: State whether True or False and "explain" (answers without explanation get no credit): Demand for a ...

A: The relative change in quantity demanded owing to a change in price is measured by price elasticity ...

Q: Cupcakes Oranges Price Quantity Price Quantity Year (Dollars per cupcake) (Number of cupcakes) (Doll...

A: We have to find GDP deflator.

Q: LEIS company is planning to borrow P10.5M for a company expansion and is not sure what the interest ...

A: *SOLUTION :-   

Q: Consider a municipality with three types of households: A, B, and C. The municipality provides z uni...

A: Individual demand curves : DA= 50 − z ,   DB= 30 − 3/5z,     DC= 20 − 2/5z   Social demand curve is ...

Q: Now consider the economy in the steady state: The steady state is defined as a point in the long run...

A: A system or process is considered to be in a steady state in systems theory if the factors that desc...

Q: definitely result in a higher equilibrium quantity in the market? A. demand increases and supply dec...

A: Option E  Option B and D would lead to a higher equilibrium quantity.  Rest will either decrease or ...

Q: Consider the case of a firm which produces q units of a single output using two inputs, labour (L) a...

A: An isoquant refers to that combinations of inputs which provide same level of output . Slope of an i...

Q: 3. Assume equations 1 and 2 below were estimated from the data gathered that will represent the dema...

A: Equilibrium refers to the market in which the market demand and market supply are equal to each othe...

Q: If money supply and money demand both increased, what would be the effect on interest rates and inve...

A: The intersection point of demand and supply curve determines the interest rates and investment. When...

Q: Consider the production function: Y=Z*F (K,L,A) where Y is output, z is technology, K is capital, ...

A: Answer-

Q: Describe in your own words what you think is meant by the term sustainability. List three ways that ...

A: People often use sustainable development and sustainability interchangeably as they look quite simil...

Q: Based on this model, firms earn revenue when purchase in markets for goods and services. Suppose Bet...

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and margina...

A: (1) A perfectly competitive firm produces at P=MC in short run. The market price for apples is $26 ...

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Introduction: The worth of anything when a certain course of action is taken is referred to as oppor...

Q: nich of the following is designed to facilitate the evaluation of program performance? Management by...

A: The answer is - All of the above  

Q: The adverse selectiOn death spiral, though a firm prediction 0I Akerlof's model, has never been obse...

A: The adverse selection death spiral has never been witnessed in practise, despite being a clear predi...

Q: XYZ company can manufacture their own products and sells them. They are able to control the demand b...

A: To get the profit maximizing units of output we differentiate the profit function with respect to D ...

Q: 6. What is securitization and what is its impact on the banking industry?

A: Securitization is a process in which a compañy such as a bank or financial institution collects and ...

Q: The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Co...

A: From the data, it is clear that the equilibrium price is $3 and the equilibrium quantity is 300 unit...

Q: g) Who should export or import corn and beets? Given that both economies have now agreed to trade, c...

A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity cos...

Q: Russia has raised the policy rate to 20%. Use a theory of exchange rate determination to explain the...

A: The value of a country's currency is generally increased by higher interest rates. Higher interest r...

Q: Is the Minimum Wage Law a Labor Standard Law or a Labor relations Law. Why?

A: Labour standard law refers to providing the basic rights of the and regulations to the labour. And i...

Q: 2. Consider a trader with initial fund given by To holding q shares of stock i is C(q) = 10 + q². Th...

A: Introduction initial fund has given 15 and the transaction cost of the traders has given as C(q) = 1...

Q: Economists differ in their views of the role of the government in promoting economic growth. At the ...

A: Economists have different views on the role of the government in the economy. Some economists argue ...

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and margina...

A: Here, marginal cost curve and average total cost curve of an apple grower is given. 

Q: Suppose the short-run production function is q = L?. If the marginal cost of producing the ninth uni...

A: The term "cost of production" refers to all the costs that are involved when a company offers a serv...

Q: Movement along the aggregate demand curve Shift of the aggregate demand curve Answer Bank a rise in ...

A: Aggregate demand refers to the macro-economic term that is used to describe the total demand for dom...