c. The expected sales of each industry, q, are the sum of the demand from consumers and the demand from modern firms. The demand from modern firms is equal to nyF, the total purchases by firms adopting the new technology. Therefore, the expected sales of an industry are q=y+nyF Using this equation and your answer to a-b, derive an equation relating y with n, a, y and F. Solve for y in terms of n, a, y and F. d. Combining a-c, derive an expression for in terms of n, a, y and F.
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- _______ A system where individuals own and operate themajority of businessesriversity - Welcome to My. X Homework (Ch 16). x MindTap - Cengage Leaming à ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5981412232614779684085777463ISBN=9780357133576&id=1456476913&snapshotld=2884466& ristopher Lee v * CENGAGE MINDTAP y Home Homework (Ch 16) C ourses Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss. Catalog and Study Tools (2 Rental Options College Success Tips 500 Career Success Tips 450 OMMENDED FOR You Monopolistically Competitive Outcome 400 350 SQUAT Quadrip Gluteus Maximus Erector Spinae 300 Profit or Loss 250 achine Exercises: Lower 200 ody 150 ATC Machine 100 e Help 50 "MC O Give Feedback MR Demand 100 150 200 250 300 350 400 450 s00 QUANTITY (Bikes) Given the profit-maximizing choice of output and price, the shop is making v…is defined as an economic system based on the market in which the onwership of the means of porduction resided with a small group of individuals called capitalists
- Alexi and Tony own a food truck together that serves only two items, street tacos and Cuban sandwiches. Some customers purchase both goods together; therefore, they will always produce both goods. 480- Alexi and Tony can sell all the street tacos and Cuban sandwiches that they are able to produce, and will split the revenue equally. 400 Output Per Hour Street Cuban 320- Tacos Sandwiches Alexi 20 100 a 240- Tony 60 30 160 Alexi's opportunity cost of producing one taco is 5 Cuban sandwiches. (Round your response to two decimal places.) Tony's opportunity cost of producing one taco is 0.5 Cuban sandwiches. (Round your response to two decimal places.) 80- PPF 1o00 800 1200 1600 2000 2400 2800 Cuban sandwiches Alexi has a comparative advantage in the production of Cuban sandwiches 0- 400 Tony has a comparative advantage in the production of street tacos. Assume that Alexi works 20 hours per week in the business. Further assume that Alexi devoted half of his time (10 of the 20 hours) to…2:03 wp a 70 Question 4 of 50 Capitalism refers to: O a traditional economy. O a command economy. O a market economy. O socialism. Back Nextdescribe the long-run effects of the pandemic using the Heckscher-Ohlin model with a labour-intensive shoe-producing sector and a capital-intensive computer-producing sector. In this model both labour and capital can reallocate across sectors. (c) What happens to the output of shoes and to the output of computers? Does the structure of economic output become more capital-intensive or labour-intensive? please answer correct asap plz
- Consider the following set of diffusion curves. Assume that every unit of wind power represents an additional adopter of the innovation. 174 5000 4500 4000 3500 3000 2500 2000 1500 1000 500 0 PATRICK SÖDERHOLM AND GER KLAASSEN 1986 1988 1990 1992 1994 1996 1998 2000 Denmark Germany UK: Spain Figure 2. Installed wind power capacity (MW). Which curve appears to have the slowest overall diffusion rate? O a.Denmark O b. Germany OCUK O d. SpainWhat are the impacts of Human and Physical Capital in a Global Economy? What are the Characteristics of a Monopoly Market?N Course: EC 201 Microeconomic P X MindTap - Cengage Learning X Answered: Consider the competit X + ← → с ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=56960519240215212983351261543&eISBN=9781305648173&id=1488825754&nbld=2941604... Q • Kathryn v « CENGAGE MINDTAP My Home Homework (Ch 09) Courses Attempts Keep the Highest / 4 Catalog and Study Tools 5. Deriving the short-run supply curve Rental Options Consider the price-taker market for sports jackets. The following graph shows the marginal cost (MC), average total cost (ATC), and average variable cost (AVC) curves for a typical firm in the market. College Success Tips Career Success Tips (?) RECOMMENDED FOR YOU Study Tools 100 90 80 Study Tools for Principles of Economics 70 D 60 ? Help Give Feedback A Type here to search COSTS (Dollars) 50 40 30 20 10 0 0 10 30, 15 O ATC AVC MC 20 30 40 50 60 70 80 QUANTITY (Thousands of jackets) 발 90 100 D 57°F Q Search this course X 12:51 AM 6/11/2022 x : A-Z banga A+
- What is the concept of “agglomeration”. Explain the internal and external effects associated with this concept.Apply CAGE (Only Administrative and Economics). What are the country conditions that made Brazil a conductive environment for the successful deployment of Monsanto's technology? Compare Brazil with the United states using the metrics you selected.3. What are the RO around the globe?European Union (EU), Association of Southeast Asian Nations (ASEAN), Asia-Pacific Economic Cooperation (APEC), African Union (AU), League of Arab States (LAS), Union of South American Nations (USAN), Caribbean Community (CARICOMM), Union for the Mediterranean (UfM), Union of South American Nations (USAN) 4. How these RO are affected and responded to the COVID 19 pandemic. NOTE: You can include more relevant RO (Regional Organization)