Which of the following is true in the short run? Question 15 options: at least one factor of production is fixed. all factors of production are fixed. a firm can earn a normal profit. all factors of production are variable.
Q: Suppose a single firm produces all of the output in a contestable market. Analysts determine that…
A: When a company maximizes its profit, it is said to be in equilibrium. It reaches this point when it…
Q: 2. Suppose that the demand curve for cigarettes is given by y(p) = 50 - P and the supply curve is…
A: y(p)=50-P y(p)=P
Q: of buying a new head office for a firm that sells ora competitive market has increased by 2%. What…
A: *Answer: Since you have asked multiple questions, we will solve the first question for you. If you…
Q: If the marginal prospensity to consume is 0.75, an increase in autonomous investment of 800.00 will…
A: Venture multiplier is a commitment of J.M Keynes. Keynes accepted that an underlying expansion in…
Q: bank pays interest at the rate of 6% per year, compounded monthly. If a person deposits $2500 in a…
A: Periodic compund interest rate formula-value of deposit A = P( 1+ (r/n))^nt P= principal amount=…
Q: What market failures provide the rationale for Social Security?
A: Market failure is what is happening characterized by a wasteful circulation of labor and products in…
Q: The Monetarists believe that interest rates can move in the opposite direction from the conventional…
A: Monetary approach is based on the fact that is controlled by monetary policy of interest rate .…
Q: 3. Mr. Decision is torn between two independent projects A and B. The data below each project are…
A: Given information There are 4 MEA in project A and 4 MEA in project B MARR=12%
Q: Consider a standard first-price auction for a single object. There are three bidders (N = 3) with…
A: Answer :-
Q: Which of the following arguments for limitations on trade is more controversial among economists?…
A: In an open economy, government generally intervene in the international trade by using its policies,…
Q: b. What is the effect on the equilibrium price and quantity traded in a market of a change in tastes…
A:
Q: 2. Pretend that today is your birthday and you decide to start saving for your retirement. You will…
A: Require = $4000 per month time = 20 years Increasing $100 per month 7% interest compounded daily…
Q: wo fadures are being considered for a particular job in a manufacturing firm. The pertinent data for…
A: Given information Fixture X Capital investment= $35000 Annual cost=$6000 Useful life=6 years Market…
Q: QUESTION 8 08. The Dodd-Frank Act (a) Increased transparency in financial institutions and markots.…
A: The answer is - (e) All of the above
Q: the most important function of money is 'store of value' Question 17 options: True False
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Between last year and this year, the CPI in Blueland rose from 100 to 120 and the CPI in Redland…
A: The value of one country's currency in relation to the currency of another country or economic zone…
Q: Draw a supply and demand diagram to illustrate the effect on equilibrium price and quantity traded…
A: Inferior Goods Inferior goods are considered as those goods in the economy, the demand of which is…
Q: Compute the interest paid on a 3-year lease for a $26,738 car if the annual rate of depreciation is…
A: Economic depreciation is a proportion of the abatement in the market worth of a resource over the…
Q: Question C3. Two flatmates, Amy and Ben, decide each week whether to clean their flat or not. Their…
A: Tit for Tat strategy game refers to that game in which both the players copy other's strategy if any…
Q: 2) Using the figure below: explain why fishermen will expend more effort fishing if they find a new…
A: The marginal cost of production is the difference between the overall cost of production and the…
Q: Which one of these tasks is a role that the Fed has? Select one: O a. Giving tax credits (reducing…
A: The Federal Reserve, the United States' central bank, attempts to minimise unemployment while…
Q: Which of the following is part of the economic analysis of discrimination? A. Employers who…
A: Economic discrimination is described as a long-term disparity in economic well-being among people…
Q: ontrast the effectiveness of fiscal policy in the BKM and AD-AS models.
A: The aggregate demand curve shows the inverse relationship between interest rate and the total…
Q: Rational Ignorance (per Anthony Downs) implies that voters will. O Essentailly flip a coin when…
A: When the perceived expense of educating oneself on a topic outweighs the predicted potential…
Q: Angela has $90 to spend on movies and books. The price of movies (M) is $10 and the price of books…
A: PM= $10 PB= $15 I= $90
Q: How much money shoid be deposited annualy in a bank account for five years you wish to witdrew…
A: Answer;
Q: At a current level of production of 10,000 per day in its Garner plant, the marginal cost of…
A: According to the question, it is given that : Output per day is 10,000 Marginal Cost is 50 cents…
Q: Question 8 Fiscal policy is: a change in the money policy to solve domestic problems. the use of…
A: Answer 8. The way the central government generates money through taxation and spends it is…
Q: Question 4 Marginal product is NOT... Group of answer choices the change in the total product…
A: "Marginal product indicate the change in total output from employing one more unit of input (keeping…
Q: Complete the following table by indicating whether each point represents output combinations that…
A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…
Q: 1. A substitute product is defined as a product that can be used for a similar purpose as the other…
A: Two goods are substitutes when only one of them is enough to satisfy the need.
Q: Consider the market for dresses. Suppose a decrease in tariffs allow manufacturers of dresses to…
A: Equilibrium in the market of goods occurs at the intersection of demand and supply curves
Q: Robust economic growth shifts the transactions demand for money. Consequently, growth will tend to…
A: Economic growth is defined as increasing a country's actual Gross Domestic Product (GDP). This aids…
Q: Which of the following is NOT a reason why middle-income countries in the east have experienced…
A: In the international market, middle income countries generally have potential to grow relatively…
Q: The demand curve that a monopoly faces is Qp = 1,102 - 9P. Rearranging this yields the inverse…
A: Answer; Here, marginal revenue is: MR=MC 1,102/9-2QD/9 = 6 => Q = 524 Price is: P = 1102/9 -…
Q: 1. The country of Florlandia is the world’s largest producer of plants and flowers. In 2021, the…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: If imports exceed exports, as in recent years, then __________ exists. a trade surplus a trade…
A: Trade balance depends on the difference between exports and imports.
Q: Question 4 a. Describe five (5) factors that influence the market demand for a product such as…
A: The quantity of a good that consumers are willing and able to buy at a specific price and for a…
Q: Suppose there's an unanticipated increase in the rate of inflation. Which of the following is likely…
A: Inflation refers to an increase in the price of the goods and service in the economy. If there is a…
Q: 4. For a small open economy with production and investment, what are the immediate effects on output…
A: A small open economy (SOE) is a country's economy that participates in international trade but is…
Q: 1. Suppose that the reserve requirement against deposits is 0%, but that cautious banks voluntarily…
A: Banks keeps voluntary reserves of 5% . Assets for a bank => Loans , shares /bonds , interbank…
Q: The table below provides Income and consumption Data in billions of dollars. Answer questions below…
A: The given table gives information about the increase in the consumption level with the increase in…
Q: What is the size of the error term for the observation indicated by the arrow in the graph below? Y…
A: The size of the error term basically measures the difference in the actual value of the dependent…
Q: 6) When United States residents acquire assets abroad, they are in essence A) borrowing money, and…
A: The economics as a study is basically based upon the idea that the resources which the economies…
Q: 3. Write a normal form representation of the game shown in the figure below and derive all pure…
A: "A pure-strategy nash equilibrium is an action profile with the property that no single player can…
Q: wo firms in an oligopolistic market produce homogeneous products and compete on price choice they…
A: Q = 280 - p And the inverse demand function will be equal to, p = 280 - Q And Q here is equal to q1…
Q: Question 10 5. A firm has invested $50.000 in equipment with a 5-vear useful life, The machinery…
A: * SOLUTION :- (5) Given that , Invested ammount = $50000 Life time= 5years Salvage…
Q: Assuming that the inflation rate frum 2015 through 2017 is 6% per year, whai would be a $50,000…
A: Here we calculate the real values in all three years , real value means inflation adjusted nominal…
Q: A company that sells computers has proposed to a small public utility company that it purchased a…
A: What we mean by "cost of capital" is the minimum return required to justify starting a capital…
Q: 18 16 14 12 P=MR: 10 Po MRo 6 4 2 O2 4 68 10 12 14 16 18 20 22 24 26 28 30 32 34 Quantity Utilize…
A: In perfectly competitive market, firms produce identical goods so they do not have market power.…
Question 15 options:
|
at least one factor of production is fixed.
|
|
all factors of production are fixed.
|
|
a firm can earn a normal profit.
|
|
all factors of production are variable.
|
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- A grocery store has limited shelf space. Every produce line generates a yearly profit per square foot of shelf space. As the shelf space devoted to any item is increases, its marginal benefit (i.e., its addition to total yearly profits) goes down. How many square feet should the store owner devote to each item?People will consistently sit through terrible movies at the theater instead of leaving early. This behavior makes no sense because it implies people are: ignoring sunk costs, which is irrational. focusing on sunk costs, instead of thinking at the margin. thinking at the margin, instead of focusing on sunk costs. not thinking at the margin, which is rational.When a store cannot get an item due to a lack of supply, it can offer the customer a few options. Which of the following is not an option that stores should offer customers when supply is low? The store can contact the customer when the item is back in stock. The store can pay to have the item shipped directly to the customer from the producer. The store can offer the item for free when the supply is restored. The store can apologize for not having the item and lose the sale.
- Suppose a firm is currently maximizing profit by producing 100 units of output per day. It is then discovered that the firm owes $1,000 for a one-time tax violation that occurred a few years ago. The firm now needs to pay the $1,000 to the government no matter what. How should the firm react to this additional cost? The firm should increase output in order to increase revenue enough to cover the additional cost. The firm should continue to produce 100 units of output per day, as the $1,000 is a sunk cost and therefore has no effect on production decisions. The firm should shut down in the short run and start back up in the long run. The firm should decrease output in order to decrease variable costs by $1,000.If the marginal revenue of the next widget a firm produces is $100 and its marginal cost is $110, a firm should: A). reconsider past production decisions. B). decrease production. C). increase production. D). hold production constant.In order to produce a new product, a firm must lease new equipment. The managers feel that they can sell 10,000 units per year at a price of $7.50. If the variable cost of production is $5.00 per unit, what is the most the firm can spend to lease the new equipment without losing money?
- If a new technology doubles the production of workers as well as the level of production output, then this will do what? It will shift all cost curves to the left. Shift the supply curve to the left. None of the above. Shift the supply curve to the right.A company in the software development sector has a market demand and production costs given by: q = 20 - P CT (q) = q² - 4q (Quantities are expressed in thousands of units). a) Find the optimal price and production. b) Calculate the level of benefits obtained. c) What would be the quantity produced and the price in the long run? Comment on the long- term benefit. d) Graph both situations (a graph for the short run and a graph for the long run).Which of the following are reasons for producing additional units, which will increase ending finished goods inventory amounts? Select "Yes" for each answer choice that provides a valid reason and "No" otherwise. In case demand is stronger than anticipated the firm will have additional units available for sale. [Select] In case there are production slowdowns or delays in the supply chain that may hinder production. [Select] In case material or labor costs are too high, resulting in higher production costs. [Select] To increase warehousing and storage costs [Select] To prevent the risk of damage or loss to unsold finished goods. [Select]
- The quantity supplied of a good isA) equal to the difference between the quantity available and the quantity desired by all consumers and producers.B) the same thing as the quantity demanded at each price.C) the amount that the producers are planning to sell at a particular price during a given time period.D) the amount the firm would sell if it faced no resource constraints.A firm's short-run average cost curve is U-shaped. Which of these conclusions can be reached regarding the firm's returns to scale? [1] The firm experiences increasing returns to scale. [2] The firm experiences increasing, constant, and decreasing returns in that order. [3] The firm experiences first decreasing, then increasing returns to scale. [4] The short-run average cost curve reveals nothing regarding returns to scale. [5] None of the options [1], [2], [3] and [4] provides a correct answer.Marcy owns a photography business in Mobile, Alabama. The market for photography is very competitive. At Marcy's current production level, her marginal cost is $20 and her marginal revenue is $28. In order to maximize profits, Marcy should decrease the price. decrease production. keep production the same. increase the price. increase production.