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A: Answer: The right answer for the above mentioned statement is option B: Should a particular firm ent...
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A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: 5 The market demand for curve for Xn good is: P = 100 - (q1 + q2) The market quantity is: Q = q1 + q...
A: A firm will maximise profit at a point where marginal cost is equal to marginal revenue. Marginal co...
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Q: What are determinants that shift the supply curve, define and list 4 conditions.
A: FACTORS THAT SHIFT SUPPLY CURVE ARE
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A: Disequilibrium refers to the situation when the quantity demanded is not equal to the quantity suppl...
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A: Unemployment refers the no. of people who are willing to work at existing wage rate but are unable t...
Q: ould consumer or producer carry the burden of tax if good is inelastic? Show on a grap
A: Price elasticity of demand is a measure of the responsiveness of the demand for a good to changes in...
Q: What is the difference between macroeconomics and microeconomics?
A:
Q: 4. Solve for the Ed and derive the appropriate classification for this hypothetical product: (Show y...
A: Average formula of elasticity of demand is Ep = ∆Q∆P×P0 +P1Q0 +Q1
Q: Would consumer or producer carry the burden of tax if good is elastic? Show on a graph
A: The tax burden is decided based on the elasticity of demand and supply. If elasticity of demand is g...
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A: Hannah has a small business that makes clothes adjustments, according to the question. Thread is the...
Q: Suppose U = ×1×2 subject to, 10x1+ 20x2 = 100 To reduce the consumption of x2 by half, government im...
A: Introduction Utility and consumption function of x1 and x2 has given. U = x1 x2 Consumption function...
Q: S;(p) p/2. a. Plot and label the four industry supply curves generated by these firms if there are 1...
A: Given, Supply curve, S(p) = P/2. a) The supply curve for each firm are: SP=n×p2S1P=1×p2=p2S2P=2×p2=p...
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A: Since you have posted a question with multiple parts , I have solved the first three sub parts for y...
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A:
Q: With an estimated market share of 37%, Atlas is the dominant company and the price leader in an oli...
A: Given, Atlas's market share = 37% Remaining 7 companies have market share = (100 - 37)/7 = 9% a) Fou...
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A: Demand Function is the changes in quantity demanded which are brought about by changes in the price ...
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A: Given information U=u(C1)+u(C2)1+δ Utility is well behaved function lets take 11+δ=β Utility functio...
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Q: 26. Use the chart below of a perfectly competitive market in the short run to answen the question be...
A: We know that the profit maximization condition is marginal revenue is equal to marginal cost.
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A: Given information Demand function P=cQd+d Supply function P=aQs+b new demand function Q=1520-5P P=18...
Q: 37. If the United States has a current account deficit with England of $1 million, and the Bank of ...
A: The current account deficit is a measure of a country's commerce in which the value of its imported ...
Q: QUESTION 11 Increasing the interest rates is an expansionary monetary policy. O True False
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Q: 4. Welfare Impact of Trade Continue to refer to the previous diagram: https://drive.google.com/file/...
A: When the world price lies below the equilibrium, there are imports because quantity demanded exceeds...
Q: According Resolving Ethical issues: Since Amex does not own the Chinese factory, are they still acco...
A: Please find the answer below.
Q: You are a consultant at Brinkley & co .you are responsible for evaluating projects introduced by sur...
A: Initial Investment = 35000 Return = 10000 (for the next10 years) Time = 10 years MARR = 12%
Q: A demand function is given by: q = 3y+2y? -6p² - 5p-4 4. y>0 where q is quantity demanded, p is pric...
A: Answer:
Q: 4. What type of industry is best described by the "pure" Bertrand model? By the Cournot model? By th...
A: Bertrand model portrays a cost rivalry between duopoly firms which brings about each charging the va...
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A: Let us build the payoff-matrix for the given problem: Bill A B Mary A 700,700 1500,...
Q: An increase in productivity in a country will cause its currency to ________ because it can produce ...
A: When there is an increase in productivity, more output is produced so the value of currency improves...
Q: The theory of asset demand suggests that the most important factor affecting the demand for domestic...
A: The theory of asset demand shows what factors affect the asset demand.
Q: Consider the competitive market for dress shirts. The following graph shows the marginal cost (MC), ...
A: In economics, a cost curve is a graph depicting production costs as a function of total output. Prod...
Q: P. a, o, Quantity Demanded Refer to the diagram. In the PP price range, demand is Price
A: Elasticity is the degree of responsiveness of demand with respect to the change in the price of the ...
Q: Employment protection laws do NOT: a. decrease the duration of unemployment. b. increase the unemplo...
A: Employee rights, such as the right to earlier termination notice, the right to redundancy payments u...
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A:
Q: A competitive fishing industry consists of five independently owned and operated fishing boats worki...
A: Answer a. The completed table is as follows: Average Catch = Total Catch / Number of Catchs Margin...
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A:
Q: Consider the following model of national income determination C = 3000 + 0.75 (y- t) T = 1000 I=...
A: Equation for national income determination is Y =C + I + G + NX Given, C = 3000 + 0.75 (Y- T) T = 10...
Q: Bill and Mary sell ice-cream on the boardwalk in Atlantic City. They are competitors. There are two ...
A: Nash equilibrium is a situation in which each player chooses an optimal strategy, given the strategy...
Q: The college graduates of 2000 could hardly have asked for better luck. The unemployment rate dropped...
A: Unemployment is defined as the state of not having a job. Unemployment is the number of people in th...
Q: QUESTION 11 Using the Rule of 70, a country will roughly double its GDP in thirty-five years if its ...
A: According to rule 70,Doubling time=70iwhere,i=annual growth rate
Q: Select the correct statement/statements regarding the ‘Barro Misery Index’, using the code given bel...
A: Answer: The right answer for the above mentioned statement is option "B": Only 2
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Q: - Mixed Strategies, the Auditing Game, and the Ramifications of Guilt,. Suppose the person feels som...
A: a mixed strategy is a likelihood appropriation one purposes to arbitrarily pick among accessible act...
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A: The Competitive Forces Model is a significant instrument utilized in essential investigation. The de...
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