For the following diagram, assume P= $500 and A= $1100. Compute the rate of return (%): 0 0 1 2 3 4 5 6 7 8 9 The answer is close to O 13 O 17 O 15 19 10 11 12 13 14 15 16 17 18 19 20 5000 n = ∞0
Q: Question 1. A firm that manufactures golf balls operates in a perfectly competitive industry.…
A: Perfectly competitive : Perfectly competitive describes an imaginary market condition where all…
Q: What are reasons why an increase in income may lead to a desire for more children? b. What are…
A: Family planning is the practice of controlling the number of children in a family and the intervals…
Q: (a) Write down Archibald and Erin's payoff functions. (b) Suppose that the only resource…
A: There are two players : Archibald & Erin Cost of Archibald for a units = a2Cost of Erin of e…
Q: According to the theory of Comparative Advantage, participation in international trade will always…
A: The theory of Comparative Advantage is a fundamental concept in economics that explains the benefits…
Q: A firm based in Mexico has found that its growth is restricted by the limited liquidity of the…
A: A capital market is a financial market where long-term obligation or value upheld protections are…
Q: Each firm will charge a price of $1. (Enter a numeric response rounded to two decimal places.) Each…
A: where and are the prices charged by each firm respectivelyand and are the resulting demands.
Q: Assume that a consumer can buy only two goods, X and Y, and has an income of $13,000. The price of X…
A: Consumer income (M)= $13,000. Price of good X = $60Price of good Y = $140The budget line shows the…
Q: Suppose that there is a risky bet that promises a 50-50 chance of winning or losing $1000 for…
A: Certainty equivalence is a concept in economics and finance that suggests under certain conditions,…
Q: Corporate taxation in South Africa is too high and has negative implications for economic growth and…
A: I agree with the statement that corporate taxation in South Africa is too high and has negative…
Q: Trader Joes requires an area to have an average income of at least $45,000 to consider having a…
A: A confidence interval gives a range of values that we can say, with a certain confidence level,…
Q: a. Consumer surplus from the tenth scarf: $ b. Assuming Hugo follows the Rational Rule for Buyers,…
A: Consumer surplus refers to the difference between the price that a consumer is willing to pay for a…
Q: Which statement is NOT a feature of markets for network goods? A. Standard wars are common in…
A: A network good is a good or administration whose worth to a client increments with the quantity of…
Q: LaborOutput (Pizzas)1302553754905100 The table above shows a pizza restaurant's short-run…
A: The law of diminishing marginal producthas not yet appeared for any amount of labor.first appears…
Q: Economics find (i) pure nash equillibrium, (ii) pure subgame perfect equillibrium and (iii) mixed…
A: Subgame perfect Nash equilibrium highlights those strategies that support the beneficial strategy…
Q: 1. Repeated Game Consider the following normal form game. D Player 1 E F A 10, 10 -12,-1 15, -1…
A: The given payoff matrix looks like this:For Nash equilibrium:If Player 1 chooses Strategy D, Player…
Q: Our current regulations protecting employees from being exploited by their employers are meant to---…
A: Modern labour laws must include provisions for employee protection if they are to ensure that…
Q: ii) Suppose that you find out that you have an OLS estimator which is unbiased but has a non-minimum…
A: OLS stands for "Ordinary Least Squares," and the OLS estimator is a method used in statistics and…
Q: Indicate whether the statement is true or false, and justify your answer. 1. In some markets,…
A: Adverse selection is a phenomenon that occurs in certain markets where one party has more…
Q: Which one of the following statements is INCORRECT?
A: South African Reserve Bank (SARB), which is the central bank of South Africa, and has its role in…
Q: The monthly demand function for x units of a product sold by a monopoly is p = 6,100- Find the…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: (Table: Production Function for Quinoa) Use Table: Production Function for Quinoa. Assume that the…
A: Given Data,
Q: (Figure; Price and Quantity VII) Assume that the diagram below displays the cost and revnenue…
A: In a perfectly competitive market, There exists a large numbers of buyers and sellers selling…
Q: 2. Consider the following Bayesian game with two players. Both players move simultaneously and…
A: Nash equilibrium is a stable state of equilibrium which involves interaction of different…
Q: What are the main factors that influence the allocation of land and capital resources in a market…
A: Resource allocation means the way land and capital (money or property used in business) are used .In…
Q: Explain the concept of price elasticity of supply and its significance in determining how producers…
A: Elasticity has evolved over time, beginning with the basic principle of supply-demand elasticity.…
Q: Based upon the graph below, APL will and real GDP will when $ in circulation decreases. (hint:…
A: The money supply refers to an entire amount of money i.e. coins, cash, and balances in bank accounts…
Q: How much will it cost to purchase a 15-year constant growth annuity paying $12,600 at the end of…
A: In this financial scenario, we will explore the cost associated with purchasing a 15-year constant…
Q: If Machine A has a NPW of $29,282 and Machine B has a NPW of $40,847 over an 8-year period, what is…
A: Given,Machine A NPW = $29,282Machine B NPW = $40,847
Q: Figure 15-3 Q₁. PRICE Q₂- Q3. Q4. P₁ P₂ P₁ P B: 200 Q₁ Q₂ Q₂ QUANTITY Curve C Q₂ Curve D Curve A…
A: A monopolist's profit-maximizing output level occurs where the marginal cost (MC) of producing an…
Q: Do you think that regional problems arise from market failure or for other reasons? In your country…
A: Regional problems can arise from a variety of factors, including market failure, government…
Q: a. When the forces of supply and demand lead to an inefficient outcome O it is a signal that the…
A: a. When the forces of supply and demand lead to an inefficient outcome.b. Classify each scenario as…
Q: the second round effects according to Lesetja kganyago governor of the South African Reserve Bank
A: Second-round effects, also known as indirect effects, are the economic consequences that arise as a…
Q: An opinion column in the Wall Street Journal notes, "In a democracy, the tradeoff for a central…
A: Central bank refers to a institution that controls the money supply in the nation using its monetary…
Q: Why do gas stations in the middle of town typically charge a little less for gasoline than do gas…
A: Consumer behavior,, also known as consumer decision-making, refers to the study and analysis of…
Q: Suppose that the monopolist sells its goods for two segments of the population and the demand -2…
A: There is a monopolist, which sells its goods to two segments of the population. Demand functions are…
Q: 1. Consider two industries. Industry A has n = 3 identical firms, and each firm has cost function…
A: In a Cournot duopoly, each firm makes production decisions based on the assumption that its…
Q: Given: (x is number of items) Demand function: d(x) = 743.6-0.5x² Supply function: s(x) = 0.6x² Find…
A: For consumer surplus we have to integrate demand function from zero to equilibrium quantity
Q: You have been asked to evaluate the profitability of building a new distribution center under the…
A: Net present value refers to the present value of all the future cash flows that are adjusted…
Q: Archibald Architecture and Erin's Engineers are two firms that are working together to build a new…
A: There are two players : Archibald & Erin Cost of Archibald for a units = a2Cost of Erin of e…
Q: 3. A consumer's preferences are represented by the utility function, U(X,Y)= Xay. Budget constraint…
A: The utility function refers to all those commodity bundles that derive the same amount of utility…
Q: be affected by the political turmoil, economic fluctuations and societal changes. Let us assume that…
A: DAD stands for Dynamic Aggregate Demand. It represents the total demand for goods and services in an…
Q: Part 1: Describe a public leader (historical or modern) who you feel practices many or all of the…
A: Societies are shaped by leadership and people's lives are impacted by leadership. The idea of…
Q: Ron Satterfield's excavation company uses both Gantt scheduling charts and Gantt load charts. Today,…
A: Henry Gantt created this illustration in the late 1800s. It is a tabular presentation that shows…
Q: The annual exponential population growth rate is estimated to be 12.9 per 1000 persons from 2012 to…
A: Environmental economics is important right now because it covers the business consequences of…
Q: What is the difference between the Canadian and U.S. banking systems? What are the relative…
A: The Canadian and U.S. banking systems have some notable differences, which stem from their…
Q: Utilitarianism ethics theory is used to justify the economic theory. Select one: True False
A: Utilitarianism is a normative ethical theory that holds that the right action is the one that…
Q: Let p denote a lottery over a finite set of possible prizes denoted by the vector Y; and let 8x…
A: P is the given lottery considered for a finite set that includes possible prices is the lottery that…
Q: Suppose further that there are only two individuals in the economy, A and B, and their utility…
A: The utility function refers to all those commodity bundles that derive the same amount of utility…
Q: dentify and explain the various factors that can cause a shift in the supply curve for a specific…
A: Supply refers to the quantity of a specific good or service that producers are willing and able to…
Q: Which of the following alternatives would you choose, assuming an interest rate of 9% compounded…
A: The alternative with the highest present value would be the best alternative.The formula for…
Step by step
Solved in 3 steps with 5 images
- 101 Use the following information to answer the question which immediately follows Y = 2,000, GT-200, Cd=400 +0.9(Y-T) - 600r, 1200-80r, L-0.5Y 500, M-5000, P-7.35, n² = 0.02 What is the value of r? Select one a 0.58 Ob. 0.45 OC 0.62 Od 0.38 13NEEE33333DD INNN30 MINUTESpls solve this ques in 10-15 minutes I'll give you multiple upvotes.
- P Take a Test - Anil Akdereli - Google Chrome A mathxl.com/Student/PlayerTest.aspx?testld=229144925¢erwin=yes EC 102 2020-2021 Spring Anil Akdereli & 04/13/21 9:37 PM Quiz: EC 102 - Spring 2020-2021 - Make-Up for the 2nd Quiz Time Remaining: 00:24:13 Submit Quiz This Question: 1 pt 2 of 8 (7 complete) This Quiz: 8 pts possible The graph on the right shows the demand and supply curves in the market for workers in Starbucks coffee shops (called "baristas"). Assume that Starbucks baristas are unwilling to accept a wage lower than $11 per hour, causing the wage to be fixed at that level. 20- 18- Suppose that, due to concerns about the high number of calories in many Starbucks drinks, the demand for Starbucks products declines. So 16- Use a graph to explain what will happen to employment in the market for baristas? 14- 1.) Using the line drawing tool, plot either a new labor supply or labor demand curve that would result from the decline in Starbucks sales. Label your line…The rate of sales of an automobile anti-theft device is given in the table below. (b) What are the total sales at this point? Months The total sales at this point are Sales per month 12 34 5 6 (a) When is the point of diminishing returns reached? The point of diminishing returns is reached during month i 140 530 690 760 700 560 sales. (c) Assuming logistic growth in sales, use your answer to part (b) to estimate total potential sales of the device. Total potential sales of the device should be i sales.please give me correct answwr
- An oil refinery produces one base type of crude oil. The total cost is given by the equation Total Cost, TC = 50,000 +20.2D +0.0001D². The sales price in dollars per barrel is 35. At what level of production in barrels/week is cost/barrel minimum? What is the minimum cost per barrel? What is the maximum weekly profit that the company can make? At what level of production is the maximum weeklyDerive an expression for MC if TC = 49 - 20q² + 60q + 40. %3DThe time to assemble the first unit on a production line is 6 hours The learming rate is 0 86. Approximately how long wilttake for the seventh unit to be assembled? The number of hours needed for the seventh unit to be assembled is hours (Round to one decimal place) nswer in the answer box
- AN EXECUTIVE RECEIVES AN ANNUAL SALARY OF P600,000 AND HIS SECRETARY A SALARY OD 180,000.A CERTAIN TASK CAN BE PERFORMED BY THE EXECUTIVE WORKING ALONE IN FOUR HOURS. IF HE DLEGATES THE TASK TO HIS SECRETARY WILL REQUIRE HIM 30 MINS TO EXPLAIN THE WORK AND ANOTHER 45MINS TO CHECK THE WORK. DUE TO THE UNFAMILIARITY OF THE SECRETARY TO DO TASK, IT TAKES HER AN ADDITIONAL TIME OF 6HOURS AFTER BEING INSTRUCTED. CONSIDERING SALARY COST ONLY, DETERMINE THE COST OF PERFORMING THE TASK BY EACH METHOD, IF THE SECRETARY WORKS 2400HOURS A YEAR AND THE EXECUTIVE 3000 HOURS A YEAR. COST OF PERFORMING THE TASK: SECRETARY WORKING WITH EXECUTIVECost of buying tomato plants are 20 cents each and a farmer sells them for 50 cents each. His fixed costs are euro 60 including the rate he pays to the local council. How many tomato plants must he sell to break even? What kind of profit will he realize from selling 180 plants? Formulate P(x) function clearly and graph it. Values of its intersections with both axes must be clear.S LO 20 # 3 PRICE (Dollars per hot dog) 5. History Bookmarks People Tab Window Help 令) 71% Mind Tap - Cengage Learning /index.html?deploymentld%359828119415547787292595253&elSBN=9780357133606&id%3D1069413986&snapshotid%-D2211990& * CENGAGE MINDTAP Q Search this course Homework (Ch 15) 5. Monopoly outcome versus competition outcome Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run competitive equilibrium with many hot dog stands in the city, each one selling the same kind of hot dogs. Therefore, each vendor is a price taker and possesses no market power. The following graph shows the demand (D) and supply (S = MC) curves in the market for hot dogs. %3D Place the black point (plus symbol) on the graph to indicate the market price and quantity that will result from competition. Competitive Market +. 4.5 PC Outcome 3.5 3.0 2.5 S=MC 1.5 0.5 D. 120 140 160 180 09 QUANTITY (Hot dogs) 40 PI MacBook Air DA DD F8 F6 F5 F4 F2 %24 6. 7. 8. 9- 4. 2.