Q: The maintenance cost for a car this year is expected to be $500. The cost will increase $50 each…
A: Here we are given the maintenance cost stream and we will derive its present value using the present…
Q: 3. Table: Hypothetical U.S. National Income and Product Accounts Data Category Consumption (personal…
A: The final worth of all the products and services generated in an economy during a specific time…
Q: 6. Suppose the production function takes the form Y = AK0.5 10.5. Two countries (1 and 2) share the…
A: Here we are given the production functions of 2 countries. Which explains that the output of the…
Q: 2. 3 takes the wage rate as given and chooses how many hours of work to supply in the labor market.…
A: One essential statistical method for data analysis is regression analysis. Regression analysis can…
Q: Suppose a tariff of now the "T-shirt" market is open to international trade. The world price for…
A: When a country imposes tariffs on imports of goods that compete with those produced by a small…
Q: Which of the following is a source of Federal Revenue? A. Personal Income Tax B. Payroll Tax…
A: Federal Government makes expenditure and for meeting the needs of expenditures, federal government…
Q: Jones plans to deposit $500 at the end of each month for 10 years at 12% annual interest, compounded…
A: Given that, Jones plans to deposit $500 at the end of each month for 10 years at 12% annual…
Q: Which of the following is NOT a determinant of the level of investment: A. Sales Outlook B.…
A: Businesses make investments while producing goods and services and creating products. These…
Q: Table 1 contains price and quantity information for two products produced by Apple, the iPhone and…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: ason, a high-school student, mows lawns for families in his neighborhood. The going rate is $12 for…
A: A perfectly competitive market is one where there are many buyers and sellers and each of them has…
Q: 16. The firm in the figure represents the cost structure for all firms in the industry. Describe the…
A: We know, Long run equilibrium level is where Price is equal to Marginal revenue (MR) and Marginal…
Q: 2. An equipment costs P740,000 and has a maintenance cost of P50,000 every year. If it has a salvage…
A:
Q: One of the major objections to the WTO is human rights and student groups say the IMF and the World…
A: World Trade Organization (abbreviated as WTO) deals with the international rules of trade between…
Q: When an economy dips into a recession, consumers will often be relatively pessimistic about the…
A: Recession refers to the situation when an economy is facing a downturn in economic activities as…
Q: Mr. X takes a loan of $50,000 from a Bank. The nominal rate of interest is 10% compounded annually.…
A:
Q: The way the workers’ compensation system works now, employees permanently injured on the job receive…
A: Employee compensation: Employee compensation is the benefits offered to employees in exchange for…
Q: This is the second time asking this because last person did not answer the first ten and last ten…
A: Missiles vs. Milk (millions of gallons) 0 4010 3020…
Q: Some Caribbean countries give tax credits to homeowners who wish to install solar panels in their…
A: When Caribbean countries provide tax credits to homeowners who wish to install solar panels is a…
Q: U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then,…
A: A patent provides the owner of the good a legal right over its making, use and selling. It excludes…
Q: Congress’s passage of new laws significantly relaxing the regulation of business would tend to…
A: The aggregate supply is the entire amount of output that enterprises will generate and sell. The AS…
Q: What is the effect of a fall in the real interest rate on the demand for loanable funds? A fall in…
A: The loanable funds demand curve depicts the inverse relationship between the quantity of loanable…
Q: A bank pays 5.6% compounded daily (based on 360 days), on a 9-month certificate of deposit. If you…
A:
Q: Tom's net investment was $15,000, so at the end of 2020, Tom's had capital valued at $45,000 On…
A: Gross investment refers to the total investment done during the year including the value of…
Q: You want to buy an ordinary annuity that will pay you $4,000 a year for the next 20 years. You…
A: Given that, Annuity(A) =4000 Interest rate( i) = 8% or 0.08 Time period (n)= 20 years
Q: In 2012, the Scottish government introduced a 50 pence minimum price for a unit of alcohol. [One…
A: The minimum price at which one standard drink can be offered for sale or sold is the minimum floor…
Q: Suppose Anna’s utility for goods x1 and x2 is represented by the following utility function: U (x1,…
A: Optimal consumption says that when a consumer maximizes utility, the minimal utility per dollar…
Q: The key to poverty eradication in China is rural development, Explain the three essential policies:…
A: As of February 25, 2021, China had successfully eradicated extreme poverty among the final 98.99…
Q: 3. A bicycle shop acquired a mountain bike at Php5,500 a piece. The shop sells it at Php9,000.…
A:
Q: v) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…
A: Given Pizzas and soda is consumed in fixed proportion as 3 pieces of pizzas with 2 cups of soda.…
Q: Q4. Current demand for apples in a city is 1000 boxes per week. In the city, price elasticity of…
A: Price elasticity of demand is percentage change in quantity demanded divided by the percentage…
Q: O Adverse selection
A: In the marketing signal the sellers and consumer convey the information about products. By providing…
Q: Explain how competitive advantage play a role as one of the globalization driver ?
A: In recent decades, the primary idea of globalization has taken centre stage in economic life. Almost…
Q: Illustrate using a diagram why you cannot draw an indifference curve for Lexicographic preferences?
A: A set of products that give consumers equal levels of satisfaction and make them indifferent is…
Q: Hi! Can I please get help with deriving this CES demand function to get the Marshallian demand…
A: Here we are given the utility function and considering the budget of the consumer we will construct…
Q: what is the book value of electronic test equipments after 9 years of use if it depreciates from its…
A: Depreciation means a fall in the value of assets due to wear, tear, and obsolescence.
Q: ou are a pricing analyst for QuantCrunch Corporation, a company that sells a statistical software…
A: Two part tariff is followed by monopoly firm to maximize the profit. The consumer has to pay one…
Q: Identify firms’ strategic responses that managers adopt in order to deal with foreign currency…
A: There are several different strategic measures companies can take to deal with exchange rate…
Q: Labour force data for a certain month in 2021 are as follows: Working age population = 20.91 million…
A: The number of unemployed people is divided by the total number of people in the labour force…
Q: You make a lightweight compact foldable windbreaker. Your brand, Desert Wind Jackets, is well…
A: Price elasticity of demand It is an indicator of how price-sensitive the quantity needed is. Nearly…
Q: (p) = 150-p
A:
Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…
A: Here we are given total utility of consumer which depends on 2 goods x & y. And hence we will…
Q: mining Cutting Speeds in Machining Economics) ing operation is performed with HSS tooling on mild…
A: Machining or metal cutting is one significant part of the creation framework. Extreme protesting of…
Q: 2.Assume the following cost data are for a purely competitive producer: see table below: Total…
A:
Q: Here is a payoff matrix that is interesting. I am not in an imaginative mood, so I won't try to tell…
A: When player 1 chooses row top, then player 2 has more payoff in choosing column right. And when…
Q: 9. Private solutions to correct for externalities Consider the following scenario: Suppose that a…
A: An externality is a cost or benefit brought about by a maker that isn't monetarily caused or gotten…
Q: Suppose you have preferences for pizza (z) and soda (d). The price of pizza, pz = 5.00 and the price…
A: There are two goods to choose from - Pizza(z) & Soda(d) pz = 5 , pd = 2 , Income = 20…
Q: Three friends i = 1, 2, 3 get together for a few drinks and decide to share the total bill equally.…
A: Nash equilibrium refers to that strategy in a game which provides best possible payoffs from a game…
Q: Amy considers two investment opportunities (Stock A and Stock B) with the same price per unit in the…
A: A theory in economics called expected utility calculates the utility of an action taken when the…
Q: Despite having a customs union, countries in the EU implemented a series of quality, health and…
A: European union implemented a series of quality, health and safety regulation that could affected…
Q: 2. Consider the overlapping generations model that was discussed in e lectures (please see lecture…
A: A subgame perfect equilibrium in game theory is a modification of a Nash equilibrium utilized in…
Explain why the alternative of the industry supply curve based on constant returns is not
viable for Marshall’s theory of value.
Step by step
Solved in 2 steps
- Short-run supply and long-run equilibrium Consider the competitive market for titanium. Assume that, regardless of how many firms are in the industry, every firm in the industry is identical and faces the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves shown on the following graph. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.Q2: Derive theoretically and graphically the supply curve of an industry.TRUE OR FALSE? A decreasing cost industry has a long run supply curve that is upward sloping.
- Suppose that over the short run (say the next 5 years), demand for OPEC oil is given by P = 165 – 2.5q. Here q is measured in millions of barrels a day. OPEC marginal cost per barrel is $15. What is OPEC’s optimal level of production? What is the prevailing price of oil at that level? Many experts contend that maximizing short-run profit is counterproductive for OPEC in the long run because high price reduces buyers to conserve energy and spur competition and new exploration that increases the overall supply of oil. Suppose that the demand curve just described will remain unchanged only if oil prices stabilize at $65 per barrel or below. If oil price exceeds this threshold, long run demand (over a second five year-period) will be curtailed to P = 135 – 2.5q. OPEC seeks to maximize its total profit over the next decade. What is the optimum output and price policy? (assume all values are present values)Which of the following are true about the profit-maximizing rule of MR = MC? (check all that apply) A) The rule applies only if producing is preferable to shutting down. (B) In some cases, MR will equal MC at a fractional level of output and therefore the last complete unit of output should be produced where MR < MC. (C) The rule can be restated as P = MC when applied to a purely competitive firm because product price and MR are equal. (D) The rule is an accurate guide to profit maximization for all firms regardless of their market structure.A perfect competitive firm estimates her cost function as given below: C = 100 + 5Q^2a. What is the firm’s fixed and marginal cost?b. If all other firms in the market sell the product at a price ¢20. How much should thisfirm charge for the product?c. What is the optimal level of output to maximize profits?d. How much profit will be earned?e. In the long run should this firm continue to produce or shut down? Why?
- Question: Derive theoretically and graphically the supply curve of an industry.The short-run market demand and supply for Kente cloth are expressed as follows: Demand:P=40-0.25Q Supply: P=5+0.05Q Marginal cost: -20+4Q a) Find short run level of output.The data in the table to the right give the total cost, C, and marginal cost, MC, for a profit maximizing firm in a perfectly industry market at each possible level of output, q. (Enter all numeric responses using integers.) What is marginal revenue when the market price is $46? MR = $46. What is marginal revenue when market price is $40? MR = $ 40 What happens to the firm's output choice and profit if the price of the product falls from $46 to $40. If the market price falls from $46 to $40, then the firm's output will from units to units. 06 q 1 23 456 7 9 10 11 C 100 150 178 198 212 230 250 272 310 355 410 475 MC 50 28 20 14 18 20 22 38 45 55 65
- A Jakarta City cab operator appears to be making positive profits in the long run after carefully accounting for the operating and labor costs. Does this violate the competitive model? Why or why not?The graph below shows a particular firms marginal revenue (mr) marginal cost (mc) and average total cost (atc) curves, where the market is competitive. Suppose that a new management team is brought in and that this team is initially less concerned about maximizing profits than it is simply about making a profit. What range of production quantities will allow the firm to operate while earning a profit? Give you're answer by dragging the qmin to Qmax lines into their correct positions. The output will need to lie somewhere between those limits.The relationship between the firm's average variable, average total, and marginal cost curves above: Marginal Reveue = Price = US $ 2.50 ; a) Use the graph to find the Firm's profit-maximizing output. b) If the firm maximizes its profit, how much profit does it make (about)? Should the firm stay in business? c) Will other firms with costs the same as Firms enter the market? Explain.