A benefit of a monopoly is    Question 2 options:   a)  efficient production   b)  decreasing long run marginal costs   c)  profits can be invested in research and development    d)  all of the above

Q: What are the main characteristic/assumption of monopoly market structure?

A: Monopoly: Monopoly means "alone to sell". In a market with a monopoly, there is only one seller of a…

Q: Assume we have a small open economy. The government budget is in balance (T-G=0) and Savings equals…

A: In this case, small open economy is considered here. In the open economy, there are many types of…

Q: In the long run, some firms will respond by Shift the demand curve, the supply curve, or both on the…

A: An efficient consumption level provides maximum satisfaction from economic activities. At this…

Q: Considered the following data for an economy. Currency in circulation held by the public: CU = 400…

A: Monetary base is the sum of reserve and currency in circulation.  So, Reserve is the difference…

Q: 9. Regulating a natural monopoly Consider the only electric company in a small town, which you can…

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Q: 3. Consider another Ricardian example, using standard Ricardian assumptions: Labor Hours per Bottle…

A: International trade is the exchange or trade of products and services between various countries.…

Q: If the matrix x [²21] ₁ is singular. Find the value of a. 13

A: A matrix is singular only if it is square and has a determinant equal to zero. We will use this and…

Q: Desk purchased July 12 for $2,000; 8-year useful life; $600 salvage value.  Calculate MACRS…

A: The modified accelerated cost recovery system refers to the depreciation system used for tax…

Q: (Figure: Strategic Decisions in a Sequential Game) Chelsea Q=6 Q=8 Q=6 Q=8 Rose Q=6 Q=8 Rose Q=6 Q=8…

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Q: Suppose that a professional economist has illustrated the market demand for labor and the market…

A: The labor hours demanded by the employers at different wage rates during a given period of time is…

Q: 3. If a supply schedule is given by p = (10+ 0.1q)2 show (a) by multiplying out, and (b) by using…

A: The slope represents the change in one variable (generally measured on the y-axis) with respect to…

Q: QUESTION 24 Wholesale prices of South Africa's most favoured fish-and-chips choice, Cape hake, have…

A: "Equilibrium in a market of a commodity occurs where market demand curve of the commodity intersects…

Q: Suppose that the United States adopts a policy of deporting illegal immigrat workers. Before this…

A: Labour market : labour market is a market where the firms and households interacts. The firms…

Q: 1. is a theory of oligopoly in which oligopolistic firms act as if there were is an organization of…

A: Oligopoly is a market structure in which there are few large firms in the market. The presence of…

Q: Suppose Globe practices first-degree price discrimination and is faced with the following demand and…

A: Given information Q = 6000-100P P = 60 – 0.01Q MC = 6.68 + 0.0068Q Monopoly charges first-degree…

Q: Which one of the statements is FALSE in Paris Agreement? Select one: O a. Developed countries must…

A: The Paris agreement is an agreement on climate change. It was formed in order to limit/reduce global…

Q: What entity decides what the reserve requirement is?

A: Reserve requirement is the monetary amount that commercial bank has to keep with the federal Bank as…

Q: Find the cquilibrium price and quantity, the consumer surplus, producer surplus, and total surplus…

A: Equilibrium is where the demand curve intersects the supply curve.  Consumer surplus is the area…

Q: Required rate of return is 25% a year. You are planning to invest $3,000 in new equipment. The…

A: Payback period is the no. of years required to get back the original investment.  Payback period…

Q: The graph to the right includes a monopolist's demand, marginal revenue, average total cost, and…

A: Profit maximisation is the process by which businesses ensure that the best output and pricing…

Q: Suppose a producer sells 1,000 units of a product at $5 per unit one year, 2,000 units at $8 the…

A: We are aware that the price and quantity of a thing are inversely related as stated by the law of…

Q: 4. The figure below presents the demand curve, marginal revenue, marginal costs, and average total…

A: In a monopoly ,  The profit is maximized where MR = MC  MR is the marginal revenue  MC is the…

Q: A sample of 20 automobiles was taken, and the miles per gallon (MPG), horsepower, and total weight…

A: Linear regression analysis refers to the analysis where independent variable affects the independent…

Q: 2. Consider the following game. Two criminals are thinking about pulling off a bank robbery. The…

A: Nash equilibrium is a pair or set of strategies in which each player has chosen a strategy that…

Q: 2) Define and provide an example of the opportunity cost (Minimum 5 lines)

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Consider a hypothetical open economy. The following table presents data on the relationship between…

A: Net capital flow is the total of a country's revenue from exports and expenses on imports. The flow…

Q: Physician Administrative Coord Registered Nurse Practice Nurse Technician Physician Assistant Salary…

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Q: Your father is 50 years old and will retire in 10 years. He expects to live for 25 years after he…

A: Annuity payment is defined as the amount that is fixed in the amount of money that should be…

Q: Price 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 0 36 72 108 144 180 P 216 252 288 324…

A: The monopolist’s demand refers to the market demand. When The monopolist is a price maker. Pure…

Q: Briefly discuss what measuring inequality involves, and provide two examples for doing so.

A: Inequality means biasness that may incur in the society.

Q: What is meant by the tax subsidy of employer-paid health insurance? Explain why the subsidy very…

A: Tax subsidy is defined as a reduction on the tax burden which is provided to an individual or a firm…

Q: If the government decreased its purchases of goods and services by $4,000, and this resulted in an…

A: In a simple macroeconomic model, at equilibrium the aggregate expenditure is equal to income:…

Q: We expect that monopolies will set a price ___________ their marginal cost.

A: In case of monopoly ,  The firm will produce it's profit maximizing quantity.  The profit maximizing…

Q: Reilly's Law/trade area capturing The city Riverside wants to know how many customers it has…

A: Trade refers to the exchange of goods and services between different nations. When a nation is…

Q: Advantages and disadvantages of Regional Comprehensive Economic Partnership (RCEP)

A: RCEP: It refers to the free trade agreement that has been established in Asian- Pacific nations.…

Q: 8. Consider another Ricardian example, using standard Ricardian assumptions: Labor Hours per Bottle…

A: "Since you have posted a  question with multiple subparts, we will provide the solution to the first…

Q: Property that is titled as “joint tenants” allows for: a. the property to pass outside of the…

A: Joint tenant refers to the tenants that represent the taking a property on lease from a lessor by…

Q: All of the following are disadvantages for using simulation in risk analysis, except O Simulations…

A: Simulation is known to provide a risk analysis by finding out all the uncertainties and also…

Q: 4-24 Use the data in Problem 4-22 and develop a regres- sion model to predict selling price based on…

A: 4-24 Regression is an econometric technique that depicts the relationship between the dependent and…

Q: Consider a variant of the benchmark model of adverse selection. The types of workers (θ) are…

A: Adverse selection refers to the situation where some participants in the market have less…

Q: P3 PA Ps QA QB Qс What would be the Equilibrium Price and the Equilibrium Quantity if the Demand for…

A: Equilibrium is where demand curve intersects supply curve  The increase in demand means the…

Q: Assume that the market for oranges is perfectly competitive. Carmen is an orange producer and her…

A: Shut down refers to the situation under which the firm temporarily closes it production activities…

Q: Assume that the unit cost for a pair of levi jeans is $10 and that levi's desired markup on cost is…

A: The total amount of expenditure occurred on the production of services and goods is known as  TC(…

Q: Explain how utility could be used in a decision where performance is not measured by monetary value.

A: People often purchase items because they require them or will benefit from possessing and using…

Q: 72. Break-even analysis. Use the revenue function from Problem 70, and the given cost function: R(x)…

A: Revenue Function : x (2000 - 60x ) Cost function : 4000 + 500x  Break - Even point refers to the…

Q: P 24 17 14 8 [Select] [Select] 100 [Select] 140 X MC ATC For the first-degree (perfect) price…

A: In a monopoly ,   Profit is maximized where MR = MC  Deadweight Loss is the area of total welfare…

Q: ustainable tourism is a long-term commitment. The energy consumption in the tourism industry is…

A: Sustainable tourism takes into consideration all aspects of the tourism sector with sensitivity…

Q: 2. A monopolist sells tours of a stately Montana home to two groups of consumers, Montanans (M) and…

A: The monopolists are the sellers that maximize their profit at the point when the marginal cost is…

Q: Using the following table, for each price level, calculate the optimal quantity of units for the…

A: A competitive market is a structure where no single consumer or producer has the ability to…

Q: Consider a market with four firms. Suppose the first firm has a 54% market share, the second firm…

A: Herfindahl-Hirschman Index (HHI) is the method used to calculate the market share.   The HHI is…