Explain how a firm in a competitive market identifies the profit-maximizing level of production. When should the firm raise production, and when should the firm lower production?

Q: 12. A car dealer advertise the sale of a car model for a cash price of P280,000. If purchased on…

A: Given cash price of car = 280,000 P Down payment = 15 % of price = 42000 Remaining balance to be…

Q: 6. Suppose we have a sample average X = 0.75 with standard error o, = 0.33. What is the 95%…

A: Sample mean = 0.75 standard error of sample mean is 0.33  For 95%, Z = 1.96

Q: 6. According to Ricardo, a country will have a comparative advantage in: Industries in which there…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Suppose the nominal interest rate is curently 2.4 per cent and expectec inflation is 16 per cent. I…

A: The fisher effect refers to the economic analysis of the relationship between real interest rate,…

Q: Interpret the gnp growth rate of the philippines over the years and explain its implication.

A: The value of all commodities and services generated by a country's citizens and enterprises is…

Q: M7

A: IS curve shows the negative relationship between interest rate and output. It means as the interest…

Q: Which one of the answers is NOT a pitfall of following an overall cost leadership strategy? TI

A: In the business procedure, cost leadership is laying out an upper hand by having the least cost of…

Q: Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells…

A: MONOPOLIST is a firm or market that control all of the market for a particular good or services.

Q: 2.    On PPF curve drawn, identify the following points: i.    Unattainable (label the point U)…

A: The highest output that can be produced with the available resources and technology would be the…

Q: Consider a coupon bond that has a par value of $800 and a coupon rate of 5%. The bond is curently…

A: Given:Par value=FV=$800Present value=PV=$792.61Coupon rate=5%Number of compundings=n=2…

Q: Discuss the Constitutional Limitation concerning prohibition against imprisonment for non-payment of…

A: Answer- No person should be imprisonment for non payment of poll tax.  Poll tax means citizens are…

Q: Explain Foreign exchange and give examples

A: Exchange Rate refers to the conversion rate of a currency into another currency. It can be…

Q: The nominal GDP in the base year was 1000 (billion). After 5 years, the GDP deflator grew 2 times.…

A:

Q: What approach to and mode of entry do you believe Yum Brands/KFC used to enter the China market?

A: After McDonald's, Kentucky Fried Chicken (KFC) is the second-largest fast-food chain. Yum! brands…

Q: la. An asset is purchased for $90,000. It is expected to have a useful life of six years and a…

A: Given: The cost of an asset is = $90,000 Useful life = 6 years Salvage value = $18,000 To Find: The…

Q: Explain the implication of the human development index of the Philippines over the years. Is it good…

A: Human development index indicates the standard of living in a country.

Q: Do consumer behavior strategic recommendations- Words Required: 600

A: Consumer is a person or an individual who buys goods and services at a common price. It is the price…

Q: Suppose market demand and supply are given by Qd=100-2P and Qs=5+3P. If a price ceiling of $15 is…

A: Given: Qd=100-2P Qs=5+3P

Q: housing bubble has burst, causing a negative wealth effect. Use the IS-LM model to answer the…

A: Equilibrium in the IS-LM is reached at the intersection of IS and LM curves. IS shows equilibrium in…

Q: be paid over the​ eight-year period? The interest amount is paid at the end of each year.   Year.…

A:

Q: 2 4 6. 7 8. 1000 1200 1400 1800 2000 3.

A: Given timeframe = 8 years  From end of year 1 to year 8 , the value of cashflow constantly increases…

Q: Year PDB 2015 2016 2017 1200 1230 1290 1300 2018 2019 1500

A: Given data for 5 years Growth rate each year formula = (PDB in year 2016 / 2015) - 1 * 100 =…

Q: Which of the following describes an implicit cost? NO opportunity cost is involved. NO outlay of…

A: Cost can be of two types, explicit cost and implicit cost.

Q: The figure below shows Angela and Bruno's feasible frontier, Angela's biological survival…

A: When Angela's work hours are determined in such a way that the slope of Angela's reservation…

Q: Explain the concept of spatial equilibrium from the perspective of both consumers and firms. Please…

A: Spatial Equilibrium Models are models that answer the simultaneous equilibria of many regional…

Q: A firm with decreasing returns to scale can expect to produce       [a. more than, b. less than,…

A: Returns to scale Returns to scale is a metric for determining how efficient a production function is…

Q: 22. For the three-part question that follows, provide your answer to each part in the given…

A: [a] New salary = $35,000 + 4.5%(increase in salary) = $36575 As inflation reduces the purchasing…

Q: Define scarcity and identify two causes of scarcity?

A: Scàrcity it is  the term of  If the demand for a product is higher thàn its supply, then a shortàge…

Q: Draw the graph. If the monopoly is a single price monopoly (usual monopoly, as in chapter 10), then:…

A: Monopoly market refers where a single seller exists and sale his products to large Consumer . When…

Q: Which of the following is true of effective employee evaluation and feedback? O It should be…

A: When we are considering the evaluation of employees then it is very necessary to evaluate the…

Q: A machine part to be machined may be made either from an alloy of aluminum or steel. There is an…

A: Cost per unit is the cost of merchandise sold or the cost of deals, is how much cash that an…

Q: When one country joins a free trade area with a common external tariff, it causes: a. Trade…

A: When talking about free trade aggreement, it is the contract between two or more countries to allow…

Q: Quantity of Labor workers) Total Product (units er hour) 0 1234 56 0 259 15|18 17 he table above…

A: Marginal product of labor refers to change in total output when one more unit of labour is hired.

Q: The present worth of all the cashflows of handmade earthen pots are shown until the end of year 8 is…

A: The present worth of the cash flow is P0=$9,330 We have to find value of x

Q: D. Suppose the demand for X is given by Q, = 100 – 2Px+ 4Py + 10M + 2A, where Px represents the…

A: The demand for the good depends on the price of good, income, price of related goods and…

Q: Consider an one person, two good, one input economy. This is "Lea's Economy". Lea's utility function…

A: Opportunity Cost refers to the value of the payoff of the economic activity that an individual agent…

Q: Suppose the supply and demand for wallets is given by the following equations: Demand: P 49.75 -…

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied.

Q: What does the shape of the PPF curve drawn suggest about the opportunity cost of producing ONE more…

A: A production possibility curve is a graph that depicts the many combinations of two items that can…

Q: Prime Interest Rate Rises Business Investment Falls M1 Rises at Faster Rate M1 Rises More Slowly GDP…

A: Sell Government Bonds then When the government sells bonds, then it is the contraction policy where…

Q: Discuss the threats of independence in the Waste management scandal 1998

A: Auditor independence Auditor independence states that the person conducting the audit should be an…

Q: 6. A plant's production function is Q(L,K) = 2KL + K. The price of labor services, w, is $4, and the…

A: The amount of product produced determines variable costs. Labor and raw materials are examples of…

Q: 13. Envelope Curve III Consider a perfectly competitive increasing-cost industry with n identical…

A: Perfect competitive market is market which runs with n number of buyers and sellers. Under this…

Q: The table shows three alternative distributions of land ownership in a village with 100 people and…

A: The Gini coefficient used to represent the inequality with the help of the Lorenz curve.

Q: Explain Foreign exchange and give examples

A: Foreign exchange refers to the trading of one currency for the other currency. The trade between two…

Q: Micromedia offers computer training seminars on a variety of topics. In the seminars each student…

A: Projected fee = $600 per student  Cost = $9,600  Micromedia rent computers cost =$120 per computer…

Q: 2. Imports and Exports Now we allow for international trade. Use the following information from…

A: The transfer of capital, goods, and services across international borders or territories to meet a…

Q: Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a shining example of…

A: The above problem is based on the types of market structure as there are mainly two types of market…

Q: Which of the following is true of monetary policy?   a. If the Fed wants to increase the money…

A: Monetary policy is controlled and imposed by central bank.

Q: Explain the cause-effect relationship...

A: The term "cause and effect" refers to a link between two events in which one causes the other.