Only typed answer  In a free-market system, imperfect competition involves

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A: Initial Cost = 11,000,000 O&M  Cost = 100,000 Increasing by 10,000  for 5 years  Profit per year…

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A: The actual rate of return can be estimated using the fisher effect by subtracting the nominal…

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A: Market economy is driven by demand and supply forces that interact to establish the equilibrium.…

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A: home furniture paid  $65 for a lamp Expenses = 14% of the selling price Profit = 21% of the selling…

Q: 1. Using ideas behind the specific model, intuitively explain how gains from trade for the overall…

A: ***Since the student has posted multiple questions, hence, the expert is required to solve only the…

Q: Give typing answer with explanation and conclusion  Given the revenue function R = 125Q - 2.5Q2,…

A: A revenue function is a mathematical representation of the total income generated from the sale of…

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A: Future worth is a value of an investment on a particular date in the future. To put it another way,…

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A: There is a town which has a population of 6400 people.  The town named is Pilar.  Pilar has a single…

Q: The following equation is 100% correct. X- Pr ( - ² µ < 8 − = ² ) (X Za - Za True False σ

A: we have: Pr(-Zα ≤ X -μσn≤Zα)

Q: 8. Anyone who has visited Japan knows it is an incredibly expensive place; although Japanese workers…

A: ***Since the student has not provided question number 7, hence, the expert has solved the question…

Q: Rock - paper - scissors ​(Roshambo) is an example of a​ game. A. sequential B. simultaneous C.…

A: A game is a formal depiction of such interactions, which specifies the rules, strategies, and…

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A: Present value is a concept that meqns to the value of a future payment or stream of payments in…

Q: the firm chooses a single, profit maximizing price, how many units will it sell?

A: In the given figure, demand curve and marginal revenue are downward sloping. It implies the seller…

Q: 7. Suppose that in Strangetown, klutzes have a productivity of $1,000 and kandos have a productivity…

A: Productivity in economics is the amount of output that can be produced from a given set of inputs.…

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A: Bank regulation refers to the laws, guidelines, and other measures that are put in place by…

Q: Consider a fixed-payment security that pays $500 at the end of every year for ten years. If the rate…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

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A: Compound interest is a method of calculating interest on a principal amount that takes under…

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A: Economics refers to the social science that studies the production, distribution, and consumption of…

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A: An export subsidy is a sum of money that a government gives to domestic manufacturers in order to…

Q: Assume that we are in a long-run environment and a firm employs two groups of workers,…

A: 1) The labour market is an essential component of every economy since it allows businesses and…

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A: Economic life refers to the useful life of an asset during which it is profitable for the owner to…

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A: The money market refers to the market in which financial instruments with short-term maturities,…

Q: PHP Cost, Price A) Q₁, P₁ B) Q3, P3 C) Q2, P2 D) Q2, P4 E) Q1, Ps Ps P4 P3 P₂ P₁ MC Quantity 199 MR…

A: Monopolies can encourage innovation and economies of scale, but they can also suppress competition,…

Q: Please explain it with a graph.

A: In the long run, the fixed exchange rate regime requires that the domestic and foreign price levels…

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A: Economic growth, inflation, and unemployment are considered to be as the  big macroeconomic…

Q: What else can explain why many firms over invest in advertising? Are there are any reasons for firms…

A: Over-investment in advertising results when a company spends more money on advertising than is…

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A: The production function determines all the input bundles that produce the same output level. The…

Q: T/F National income is studied under macroeconomics.

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A: Overall, the changing nature of money represents society's growing requirements and complexity. As…

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A: Provisions in tax laws that provide specific tax benefits or deductions to certain groups of…

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A: The production function determines all the input bundles that produce the same output level. The…

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A: Total production (TP) is the production of a good by using the factors of production. Average…

Q: do it without using tables

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

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A: Equilibrium is where the demand curve intersects the supply curve.  Consumer surplus is the area…

Q: 9. How does the fact that many goods are nontraded affect the extent of possible gains from trade?

A: The fact that many goods are nontraded can affect the extent of possible gains from trade in several…

Q: When farmers fertilize their fields, the nitrogen from the fertilizer can get washed into streams…

A: Supply function P=3+0.5Q Demand function P=24-Q MEC=0.50Q

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A: The graphical representation of the given supply and demand curve is  “Since you have posted a…

Q: As the owner of an ice-cream store, you believe it is necessary to purchase another ice-cream maker…

A: Regression equation LnQ= a+b*ln P+u

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A: Nash equilibrium occurs when each player in the game chooses their optimal strategy given the…

Q: 1. Home has 1,200 units of labor available. It can produce two goods, apples and bananas. The unit…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Does the game above have any (pure strategy) Nash equilibria? Find any equilibria or explain why an…

A: A Nash equilibrium is a game theory notion that refers to a situation in which each player in a game…

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A: A negative externality in economics is a cost that is imposed on a third party as a result of an…

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A: The Ecuadorian Red Cross had various functions and duties during the COVID-19 pandemic. Some of the…

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A: Nativism basically political &amp; social ideology which favors interests of native-born or…

Q: Answer below questions with reference to the following figure, which reports population change in…

A: Population pyramid is the graphical representation of the population of a country or region based…

Q: If the market price is 12, will the firm produce more than 120, exactly 120 or less than 120 units?…

A: The firm maximizes profit by producing at a point where price is equal to marginal cost.

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A: Perfect complements goods are consumed in a fixed proportion and the indifference curve of these…

Q: (Willingness to pay, marginal analysis, and the demand curve.) Q1. George and Maria are the only…

A: The demanded quantity of any commodity reflects the amount of that commodity an individual is…

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A: An economical pipeline is one that has the lowest overall cost over its useful life, taking into…

Q: Consider the bargaining problem of splitting a pie of size 1 with utility u(x1) = x1 for player 1…

A: In this bargaining problem, player 1 has a positively sloping, linear indifference curve where…