Assume that a firm in a competitive market faces the following cost information. If the market price for this firm's product is $40, calculate the profit maximizing level of output for this firm using marginal analysis. a.Approximately where do you think the price will end up in this market over the long run?  b.Last, instead of assuming a given price, how would you go about finding the equilibrium price if you were given information on market demand?

Q: What things do people do now which they couldn't do before globalization?

A: Globalization is described as the spread of technology, products, jobs, and information across count...

Q: Consider the following demand of tourists (T) and locals (L) for spots in a race: SQ" = 1,700 – 5p l...

A:

Q: revenues per month 27,000 costs: erchandise sold $ 17,000 cashier, stock, and delivery help 2,500 ut...

A: Explicit expenses are the direct expenses of working a business, for example, expenses of natural su...

Q: If Canada borrows more from the foreign countries than it lends to the foreign countries, then Canad...

A: here we find the correct answer as follow;

Q: Consider the Swan-Solow model of economic growth.   [Hint: Question (e) below goes beyond the subjec...

A: Market analysts by and large concur that economic turn of events and growth are influenced by four e...

Q: Calculate the following using the Rule of 70:  3) How many years will Vietnam grow with a GDP of $2...

A: Rule of 70 implies that the time an economy takes to double it's GDP. Therefore, simply by computing...

Q: In April 2002, the price of a Big Mac in the UK was £1.99. Using data from The Economist's Big Mac I...

A: Developed in 1986 by The Economist magazine, the Big Mac index uses McDonald's Big Mac prices as a b...

Q: nflation causes things to cost more, and for our money to buy less (hence your grandparents saying "...

A: A currency's purchasing power depreciates with time, known as inflation. Over time, the increase in ...

Q: Given all the information in the table please refer and give me answer All Numbers are in S Billion ...

A: At an output level of $1600, consumer spending is $1300, investment spending is $200 and government ...

Q: What are the conditions that needs a perfect market abd what are the conditions that needs the marke...

A:

Q: Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at ...

A: Answer: Given,  

Q: Recently, a certain bank offered a 5-year CD that eams 2.58% compounded continuously. Use the given ...

A: Given information: Principal amount (P): $10,000 Interest rate (r): 2.58% Compunding: continuously ...

Q: what assets are involved in quantitative easing?

A: Quantitative facilitating (QE) is a type of whimsical monetary policy wherein a central bank buys lo...

Q: 3.a. Regrading the expected price, choose the correct math symbol below. PE ( ) 10 3.b. The actual...

A: Solving the question as per the given graph, where Long run and short run aggregate supply meet wher...

Q: how do think globalization effect communication in the 21st century.

A: Globalization Means the interconnectedness of the nations or markets with global economies . 

Q: Question Three In the market for Corn kenkey (INFERIOR GOOD), consumers’ income has decreased. In th...

A: Here, it is given that Corn Kenkey is an inferior good and there is a change in consumer income as w...

Q: antidades Be the production function Q (K, L) -12 (K + 41, which depends on the quantities Used from...

A: Given,  Production Function : Q(K, L) =23625(k1/4+4L1/4)4 and (K,L) = (2, 4)

Q: From Adam Smith's Wealth of Nation , What is the “great enemy” of the economy (hint: not government)...

A: In the wealth of nation, Adam Smith says that free market forces produce the maximum or optimal resu...

Q: Farmer Brown plants both soybeans and corn. If the price of soybeans increases and the price of corn...

A: The law of supply expresses that there is a positive connection among costs and amount provided or a...

Q: Question is about Oligopoly: What happened when oligopoly is with and without production differentia...

A:

Q: Jane is the general manager at a new café and wants to hire a few baristas. The going rate for baris...

A: Jane would generally pay $9.55 per hour as this is the price that is already prevailing in the marke...

Q: Head 1, -1 -1, 1 Tail -1, 1 1, -1 Vhich of the followings are the Nash equilibria of this game? (You...

A: We will use underlining method to find the Nash equilibrium in this game.

Q: a duopoly faces an inverse market demand of: p= 330 – 391 - 3q2. ou are told that firm 1 is the lead...

A: In the stackelberg Model, leader firm produces more than the follower.  

Q: While trade flows have slowed down since (circa) 2010, capital flows have continued growing. Therefo...

A: When talking about globalization, it can be said that it is the situation when two or more countries...

Q: The table below presents production data for a particular firm. 1) Use formulas/calculation in excel...

A: Total Fixed Cost = Total Cost - Total Varible Cost Total Fixed Cost = Total Cost - Total Varible C...

Q: 1. Suppose the government mandates a 3-year licensure for contractors and bans working on your own h...

A: Note: We will answer the first question as the exact one was not specified. Please resubmit the new ...

Q: 2. Consider a competitive market where there are two types of firms, Type A and Type B, with total c...

A:

Q: Redleaf company's market research department works on the manufacture and marketing of a winter tire...

A: Given that : when price= $10    ;demand = 36,000 units when price = $15    ; demand = 34,000 units N...

Q: Q45 When a factory is operating at the level of output where its short-run average total cost is at ...

A: We know that Short-run average expense (SRATC/SRAC) approaches average fixed expenses in addition to...

Q: Here are a situation where the customer is important, in the "bargaining power with buyers". -They ...

A: The power of buyers to influence the prices of the products, quality of products and customer servic...

Q: QUESTION 32 Reasonable uses of debt include all the following EXCEPT O a. to purchase a car. O b. to...

A: Debt basically refers to the amount that is taken by an businesse organization for some duration of ...

Q: Claims amounted to P50,000.00 received by Mrs. Perez after giving birth by the social security.   ...

A: Social Security measures are given by governments of all economies. Banks work for profits. Also not...

Q: Assume that we have a fixed supply of a depletable resource to allocate between two periods. Assume ...

A: In economics, the marginal cost is the change in the total cost that arises when the quantity produc...

Q: Tyler buys a futures contract from Alex that gives him the right to buy 1,000 barrels of oil at $125...

A: A futures contract is an agreement between buyer and seller in order to buy/sell a particular commod...

Q: Consider a simple economy that only produces: pencils, t-shirts, and bananas. Using the information ...

A: Inflation: Inflation is an economic concept that is defined as a rise in the general price level of ...

Q: The IS relation implies that the taxes increase leads to output decrease. Explain

A: It's difficult to quantify the economic effects of tax changes on economic growth, as measured by ch...

Q: An investor bought stock for $40,000. Fourteen years later, the stock was sold for $50,000. If inter...

A: The inflation rate that is measured by taking into account inflation is referred to as the nominal i...

Q: Briefly describe the factors that need to be considered during an ergonomic assessment.

A: Ergonomic factors are working environment circumstances that cause mileage on the body and can cause...

Q: Demand and Supply Price $10 $9 $8 $7 Quantity Demanded Quantity Supplied $8 $5 $4 $3 $2 $1 0 1 23 4 ...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: The price rose. How would it change the investment: Decrease or Increase? How would it shift the AD ...

A: The aggregate demand curve shows the inverse relationship between the price level and the total quan...

Q: 5. Comerica's Balance Sheet information is given in the table below Assets Liabilities Reserves $75,...

A: Required reserve = r x deposit                                   = 0.25 x 300,000                   ...

Q: Suppose that a large number of Canadian consultants decide to take employment in Europe due to bette...

A: Equilibrium is achieved at the output level where Ls equals Ld

Q: Please define the long cost curve and the short run cost curve in your own words but not more than 1...

A:

Q: From your own understanding on the concept of “Game Theory”, what can you conclude about the relatio...

A: Game theory is a framework for thinking about social events with competing actors.Game theory is, in...

Q: Which of the following statements are true? (i) An increase in the number of available substitutes f...

A: Answer: The demand for a good is more elastic when there are many substitutes for the good available...

Q: Consider a two-period intertemporal choice model in which your endowment of income in the two period...

A:

Q: Nick has the following labour supply curve: Labour Supply W. W. w. LABOUR (Hours) the opportunity co...

A: Backward binding labor supply curve. Which shows that as wage increases, workers supply more hours o...

Q: 6. “The Lucas critique by itself casts doubt on the ability of discretionary stabilization policy t...

A: The Lucas Critique was given by Robert Lucas which states that macroeconomic models used for policy ...

Q: Question 3 . Bill Gates is the monopoly in the computer market and the sole employer of IT specialis...

A:

Q: 1. You work for a beer company. Your boss wants to increase yearly sales by 5000 liters. To reach th...

A: 1) It is given that the price and the demographic composition of market is constant. Hence these two...