Q: Currently, interest rate on euro is near zero while the (Fed Funds) interest rate on dollar is about...
A: A lender charges a borrower an interest rate that is a percentage of the principle (the amount borro...
Q: The following graph shows the market for loanable funds in a closed economy. The upward-sloping oran...
A: Lenders are the source of the supply of loanable funds. These can be consumers or institutions that ...
Q: 7. Fred's Factory 200 a'ne Fred' Factory sells in a perfectly competitive market. Fred's production ...
A:
Q: If Y is labor intensive then, according to HO theorem, this country is abundant capital O labor both...
A: The H-O theorem states that a country will export that good that is intensive in the country's abund...
Q: That the free flow of goods and capital creates economies of scale is not necessarily a good thing. ...
A: Externality refers to the effects caused by an activity over its surrounding or environment. These e...
Q: We need to know the profitability of a business model: - 3 x machines (beauty machines) - Each machi...
A: In the mentioned question we have been asked the total expected income for the week.
Q: What is Adam Smith’s view on “accumulation of wealth”? What does he say “must be done with the wea...
A: According to adam smith, the needs of an individual lead to a self-interest behavior that creates so...
Q: Which of the following situations best exemplifies a relationship between nations that results from ...
A: Exports are the goods and services that a country produces in its own country and sells to enterpris...
Q: a) What are equilibrium price and equilibrium quantity? Calculate consumer surplus, producer surplus...
A: Equilibrium price and equilibrium quantity is decided at the point where demand and supply curve int...
Q: Alvin Yu was born on January 1, 1988. On Jan. 1 1989, his father starts a fund that is intended to h...
A: Given, Year 1988 is year 0The Payments from year1 to year10 = 2000 (P)Withdrawls from Year18 to Yea...
Q: What is the economic profit for this profit-maximizing monopolist? ATC MC 30 Profit 22 MR 120 Output...
A: Under a monopoly form of market, there exists only one seller and a large number of buyers. The mono...
Q: The stimulus check is an example of Select an answer and submit. For keyboard navigation, use the up...
A: Stimulus refers to the measures adopted by the government to stimulate the economy. Stimulus checks ...
Q: Suppose that a monopolistically competitive restaurant is currently serving 250 meals per day (the o...
A: Monopolistic competition describes an industry in which a large number of enterprises compete for th...
Q: F G H 1 6. 3 6. 3 A 8 5 B 3 3 4 2 4 9. C 3 a.) Find all pure-strategy Nash equilibria of the above g...
A:
Q: that the money multiplier in a particular economy is 2.8 and that the Central en market sale for $15...
A: The open market operation is conducted by the central bank of a country to influence the monetary su...
Q: Today, you invest P100,000 into a fund that pays 28% interest compounded annually. Three years later...
A: Compound interest formula : Final amount = Principal (1+interest rate/number of compounding periods)...
Q: You are an employer seeking to fill a vacant position on an assembly line. Are you more concermed wi...
A: In the labor market, an employer needs to make decisions whether to employ one more unit of labor or...
Q: refute this statement with reasons The government should impede the pace of innovation, whic...
A: here we answer this given as follow;
Q: Assume that the most efficient production technology available for making vitamin pills has the cost...
A: "Average total cost (ATC) is the cost per unit of the output produced and this is computed by dividi...
Q: Suppose John spends all income on video games and pizza. Suppose the price of video game decreases a...
A:
Q: A mastercard compounds monthly and charges an interest of 1.5% per month. What is the effective annu...
A: Effective annual interest rate = 1+inn - 1 where i = annual rate of interest n = no of compounding p...
Q: If the price of catfish changed from $13 to $14 per bushel, determine the Assessment Tool iFrame Ins...
A: When price increases from $13 to $14:- Number of bushels Price Total Revenue Total Cost Total Pr...
Q: Please derive mathematically the condition for consumer equilibrium then give a short intuitive on w...
A: The phrase "consumer equilibrium" refers to a state in which a consumer gets maximum satisfaction wh...
Q: answer only question 3 pls
A: The long-run aggregate supply curve shows that the price level and total quantity of goods and servi...
Q: The goal of a cartel is to and O increase prices; increase profits O increase prices; decrease profi...
A: A cartel is a group of producers of an item or service that has formed a legal agreement to manage s...
Q: Governments that embezzle tax money from its constituience is an example of what? Redistributive Ins...
A: Governments that take money from the taxes paid by the people of the country and exploit them are ex...
Q: 10.5 (LG 10.4) The following data are available for two mutually exclusive projects: Project A Proje...
A: [a]Benefit/ cost ratio:-Benefit = Project A = 17,000,000 Project B = 17,000,000Cost = Project A = 5...
Q: Suppose that Ty, George, Joe, and Ted are potential buyers of a rare Honus Wagner baseball card. Eac...
A: Here the orange shaded area is the consumer surplus and the pink shaded area is producer surplus or ...
Q: Using Okun's law, fill in the four pieces of missing data in the table below. All of the following d...
A: Given: 2015: Real GDP=7840 Potential GDP=8000
Q: A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin? ...
A: As it is given to us that revenue = $4.2 million cost=$3.85 million invested money =$6 million
Q: In Virginia, in 2019, if you made $10,000 a year in income, you paid $120 + 5% of excess over $5,000...
A: A tax is a necessary fee or a type of monetary charge that is imposed by a government on a person or...
Q: What is Cost-push inflation? Mark all of the following that are true of Cost-Push inflation 4 correc...
A: Cost Push Inflation is referred to as increase in the aggregate prices with the increase in cost of ...
Q: Problem 2. Consider the following Phillips Curve n = En – 0.6(u – 0.05) a) Explain the above Philips...
A: Phillip's Curve is the curve which depicts inverse relationship between inflation and unemployment .
Q: You put 280,000 dollars in a bank which gives you 0.75% simple interest. If you leave that amount in...
A: A bank is an institution that provides the facility of loans and the facility of cash to the custome...
Q: Consider two people called Young and Old. Young and Old live together. Young can choose to party or ...
A: Bargaining or haggling is a type of negotiation in which the buyer and seller of a product or servic...
Q: r Jack’s farm current situation that includes MC, ATC, and AVC, labeling all relevant points on axes...
A: The correct answer is given in the second step.
Q: ial cost, $ nual income, $ per year -150,000 -250,000 20,000 40,000 nual expenses, $ per year 24 -9,...
A: For alternative ‘J’ Given, Initial cost = -250,000 Annual income = 40,000, Annual expense = -14,000 ...
Q: A firm borrows 2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due...
A: Borrow Amount = 2000 for 6 years at 8% Loan Renews with additional amount of 2000 for 2 more years a...
Q: This question is with regards to Solow-Swan Model. Define what steady-state equilibrium is and how d...
A: The Solow–Swan model is a basic neoclassical growth model. It proposes a continuous production funct...
Q: TC = 134 + 20Q + 4Q2 What is the average fixed cost when 11 units are produced? Enter as a value. R...
A: TC=134+20Q+40Q2AFC=134+20Q+40Q2QNow,AFC11=134+20(11)+40(11)211 =5,19411 =472.18
Q: Kayla is a speculator in the market for a rare French goat cheese known as Crottin de Chavignol. She...
A: A futures contract is a non-physically resolved exchange-traded contract. Delivery is not possible b...
Q: Suppose that Jacques, Julia, Cat, and Guy are potential suppliers of catering services for weddings....
A: The producer surplus is the difference between the price of the product and the producer's willingne...
Q: Techware Incorporated is considering the introduction of two new software products to the market. Th...
A: Techware Incorporated had four choices present: either none of the two items, present item 1, presen...
Q: Consider two firms competing to sell a homogeneous product by setting price. The inverse demand curv...
A: Given: Inverse demand function: P=6-Q C(Q)=2Qi
Q: Who favors John Maynard Keynes theories currently and how are they applied? Could you also include t...
A: John Maynard Keynes was an English economist whose ideas revolutionized macroeconomic theory and pra...
Q: ompensaton of Emplyees anunplon of Fred Capta ros investment nts erest aperts pots rporate Prts es o...
A: The gross domestic product minus depreciation on a country's capital goods equals the net domestic p...
Q: In Country A, it is popular for the citizen to have a glass of orange juice together with a piece of...
A: It refers to those types of goods that can be used together. These goods have a direct relationship ...
Q: 4. At a price of $100 each, Beachside Canoe Rentals rented 11 canoes. When it increased its rental ...
A: The demand curve shows the negative relationship between the price and the quantity demanded. The de...
Q: true or false The AFC curve approaches zero because of the diminishing marginal cost.
A: Fixed costs refers to those costs undertaken by the firm at the time of setting up of the business, ...
Q: What are “Adam Smith’s laws of the market” What does Adam Smith think is behind the economy/market? ...
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Suppose that each firm in a competitive industry has the following costs: Total cost: TC = 50 + q2 Marginal cost: MC = q where q is an individual firms quantity produced. The market demand curve for this product is Demand:QD = 120 P where P is the price and Q is the total quantity of the good. Currently, there are 9 firms in the market. a. What is each firms fixed cost? What is its variable cost? Give the equation for average total cost. b. Graph average-total-cost curve and the marginal-cost curve for q from 5 to 15. At what quantity is average-total-cost curve at its minimum? What is marginal cost and average total cost at that quantity? c Give the equation for each firms supply curve. d. Give the equation for the market supply curve for the short run in which the number of firms is fixed. e. What is the equilibrium price and quantity for this market in the short run? f. In this equilibrium, how much does each firm produce? Calculate each firms profit or loss. Is there incentive for firms to enter or exit? g. In the long run with free entry and exit, what is the equilibrium price and quantity in this market? h. In this long-run equilibrium, how much does each firm produce? How many firms are in the market?Since a perfectly competitive firm can sell as much as it wishes at the market price, why can the firm not simply increase its profits by selling an extremely high quantity?If new technology in a perfectly competitive market brings about a substantial reduction in costs of production, how will this affect the market?
- A market in perfect competition is in long-run equilibrium. What happens to the market if labor unions are able to increase wages for workers?Economics QuestionQ23 Suppose a perfectly competitive firm is currently operating with the following information: Output = 1500 tonnesAverage total cost = $627 per tonneAverage variable cost = $614 per tonneMarginal revenue = $620 per tonneMarginal cost = $620 per tonneAt the current level of output, this firm is _____ profit and is an earning economic profit of _____. a. Maximising; -$10500. b. Not maximising; -$10500. c. Maximising; $10500. d. Maximising; $9000. e. Not maximising; -$9000.
- J 8. Short-run and long-run effects of a shift in demand Suppose that the tempeh industry is initially operating in long-run equilibrium at a price level of $5 per pound of tempeh and quantity of 250 million pounds per year. Suppose a top medical journal publishes research that animal-alternative protein sources such as tempeh could increase your expected lifespan by 6 years. The publication is expected to cause consumers to demand Shift the demand curve, the supply curve, or both on the following graph to illustrate these short-run effects of the publication. PRICE (Dollars per pound) 10 9 8 7 9 5 4 3 2 1 0 0 50 100 Supply In the long run, some firms will respond by Demand 150 200 250 300 350 400 450 500 QUANTITY (Millions of pounds) tempeh at every price. In the short run, firms will respond by Demand Supply until Shift the demand curve, the supply curve, or both on the following graph to illustrate both the short-run effects of the publication and the new long- run equilibrium after…Suppose a firm in a competitive industry has the following cost curves: 10 4.5 3.5 9+ 8 7 6 3 ↑Price 2 1 2 3 4 5 MC ATC AVC + + 6 7 8 Quantity Refer to Figure 14-13. If the price is $6 in the short run, what will happen in the long run? a. Individual firms will earn negative economic profits in the short run, which will cause some firms to exit the industry. b. Nothing. The price is consistent with zero economic profits, so there is no incentive for firms to enter or exit the industry. C. Individual firms will earn positive economic profits in the short run, which will entice other firms to enter the industry. d. Because the price is below the firm's average variable costs, the firms will shut down.QUESTION 5 Price 10 97 8- 7+ 6 3 2 MC ATC AVC Pl P2 P3 P4 + + 1 2 3 1 S 6 7 N Quantity At the price level labeled "P2," what happens in the short-run (SR) and long-run (LR) O SR: This firm will have positive economic profit. LR: Firm(s) enter this market and price decreases. SR: This firm will have positive economic profit. LR: Firm(s) enter this market and price remains the same. SR: This firm will have zero economic profit. LR: Firm(s) enter this market and price decreases. SR: This firm will have zero economic profit. LR: Price remains the same. OSR: This firm will operate with negative profit. LR: Firm(s) exit this market and price remains the same. OSR: This firm will operate with negative profit. LR: Firm(s) exit this market and price rises. OSR: This firm will not operate (shutdown). LR: Firm(s) exit this market and price remains the same. OSR: This firm will not operate (shutdown). LR: Firm(s) exit this market and price rises.
- Answer "False" or "True" each of the following. Justify by relying on graphical analysis whenever possible. 1.- A company in perfect competition will maximize profits by equating average income to its marginal cost. 2.- For a company in perfect competition, the demand it faces is equal to the marginal product which is constant. plzz ansr first twoWhen is an industry productively efficient? R OOD F4 A. When firms in that industry produce the amount of output that intersects with the minimum of their ATC curves ubmission B. When the short-run equilibrium market price is above the long-run equilibrium market price ← PREVIOUS or dº APR 20 % 5 C. When the market price for the good or service in that industry is the same as marginal revenue D. When the average total cost curve intersects the marginal revenue curve at its lowest point T F5 6 MacBook Air F6 Y & 7 F7 U stv * CO 8 A DII F8 - ( 9 DD F9 O 0 VIEW F10 P1) Briefly explain how the total revenue for a profit-seeking film is determined 2)Briefly explain what is meant by the term "fixed costs" and provide three examples of same. What determines a firm's level of fixed costs? 3)Contrast the rold of fixed costs and variable costs in economic decisions about future prodiction 4)Briefly compare and contrast the perceived demand curve for a monopolitically competitive firm and a perfectly competitive firm. 5)Briefly explain what quantity a profit maximizing monopolistic competitor will seek. Why not this type of competitive frim is productively efficient?