Q: Show that if a firm is a natural monopoly, a government policy that forces marginal cost pricing wil...
A: Answer: Natural Monopoly: When the cost of providing a good or service is so large (especially fixed...
Q: 22. Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s):=3s2'+12. If t...
A: Long run total cost of repairing s cars per week is c(s) = 3s2 + 12 c(s) = 3s2 + 12 Differentiate c ...
Q: Suppose that a consumer with the utility function U X=5 and Y=10. If the prices of the two goods are...
A: U=X0.25Y0.75 Differentiate U w.r.t X to get MUx MUx = dU /dX => MUx = 0.25 (Y/X)0.75 Put X=5 and ...
Q: If the demand for smartwatches are expected to increase and production costs are expected to decreas...
A: "When the demand for smartwatches is expected to increase and production costs are expected to decre...
Q: 4. Compute the percentage increase in real GDP from 2004 to 2005. a. 0 percent b. 7 percent c. 22 pe...
A: Real GDP is the value of all goods and services at the base year prices. Base Year is 2003 Real GDP ...
Q: 4. As of July 2015, the unemployment rate in the United States was 5.5 percent. What would economist...
A: Answer: Unemployment rate: it refers to the ratio of unemployed to the labor force. The unemployment...
Q: 57.When existing firms lose customers and profits due to entry of a new competitor, a Select one: O ...
A:
Q: Which of the following is an example of the real flow in the circular flow model of economics? A. A ...
A: The interaction and relationship between the households and the business is interpreted by the circu...
Q: Energy expenditures are: Roughly 90% of the economy in much of the world including the US. Roughly 5...
A: Energy expenditure Energy expenditure refers to the amount of money used in the production of energy...
Q: 1. Calculate the value of nominal GDP for 2004. a. PHP800 b. P1,060 c. P1,200 d. P1,460
A: Nominal GDP refers to the GDP at current prices. It is defined as the market value of the various go...
Q: What are the four stages of the business cycle? Describe each stage.
A: Business cycle refers to ups and downs of the economic activityies.
Q: nods för disposing of å non-hazardous An environmental engineer is considering three chemical sludge...
A: Answer is given below
Q: what is the long run effects of a permanent increase in aggregate real money demand on exchange rate...
A: The money demand curve shows the negative relationship between the interest rate and output. It mean...
Q: 12. If _____ is rising, it likely means that the economy is shrinking. A. consumer spending B. nomin...
A: GDP is the value of final goods and services produced in the economy within a given period of time
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A: Price elasticity of demand The Price elasticity of demand is the reaction of demand due to change in...
Q: Show that a monopolist with one product at the left end point would find it profit maximizing to ser...
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Q: 5. Suppose we want to estimate the effects of alcohol consumption (alco- hol) on college grade point...
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Q: Leyla consumes goods X and Y. The price of good X is Px and the price of good Y is Py, Leyla’s incom...
A: Budget constraint refers to the different combinations of two goods that a consumer can consume with...
Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...
A:
Q: Which of the following is an assumption of the theory of oligopoly? O Firms produce and sell either ...
A: Goods are differentiated when there is a difference in packaging, taste, or any other characteristic...
Q: A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded mont...
A: Given nominal interest rate = 12 % compounded monthly Effective rate = (1 + 12%/12)^1*12 – 1 = 12.68...
Q: 1. The opportunity cost of the good is: a. greater during periods of raising prices b. equal to the ...
A: Opportunity cost Opportunity cost is the cost of next best foregone.The opportunity cost of a specif...
Q: Define intrapreneurship and give three notable ventures where this has been practiced.
A: Intraprenuership The word intrapreneurship refers to a structure that enables an employee to functio...
Q: hat were some decisions students had to make when they decided to start a business?
A: The activities which depict making money through the production and selling of products to consumers...
Q: Suppose that the production function for DVDS is given by Q = KL2 - L3, where Qis the number of disk...
A: As per the question, Q=KL2-L3. When K=600, this production function can be written as Q=600L2-L3. Wh...
Q: Collective rights is a concept that prioritizes the welfare of society over: Group of answer cho...
A: Collective rights is held by a group of people rather than the individuals of the group. So it prio...
Q: Suppose that many varieties of lettuce have been damaged in a particular season by disease. Only gre...
A: Answer: We’ll answer the first question since the exact one wasn’t specified. Please submit a new qu...
Q: A machine is bought at P420,000 with an economic life of 6 years and a salvage value of P50,000. The...
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Q: Question 23, P1-1 (similar to) Part 1 of 4 Liability comparisons Nerissa Smith has invested $25,000 ...
A: Introduction Nerrisa smith has invested $25,000 in northeast production company. If the firm has ban...
Q: Rich's Opportunities. Rich has no nonlabor income, and suppose the price of consumption is $1 per un...
A: A change in the wage or salary will result in a shift in the amount of labour demanded. If the wage ...
Q: Givens: The demand function for spaghetti is given by Qp = 21.6 x (1)0.685 x (Pspaghetti) -0.796 x (...
A: Equilibrium refers to the point of intersecting the demand and supply curve. It means the demand cur...
Q: A movie monopolist sells to college students and other adults. The demand function for students is Q...
A: Without price discrimination Q= QdA+QdS 1,600 – 25P+1,000 – 25P 2600-50P P=2600-Q/50 TR=PQ=1/50(1600...
Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...
A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison t...
Q: Contractionary fiscal policies do not necessarily decrease a country's debt-to-GDP ratio because O a...
A: When talking about debt-to-GDP ratio, it is the economic measurement of total borrowings of the gove...
Q: 3) Consider a commodity X whose demand function is 100-2P and which has a perfectly elastic supply c...
A: Given; Demand function; Q=100-2P Supply= Price ( It is given that supply curve is perfectly elastic...
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A: Given:- Present value of loan=P 100,000 Interest rate=8% or 0.08 Afford to pay(Annual payment actual...
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A: In Democratic government generally, it has been seen that there is both public and private sector co...
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A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to Achi...
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A: The health-care system that provides insurance and services to its members. The traditional HMO is ...
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A:
Q: 13. At a Phoenix game 150,000 tickets were sold at $45 apiece. The game was sold out and some people...
A: Market equilibrium It refers to a situation at which the demand of a commodity or service is equal t...
Q: 6. Which of the following statements is correct? A. Frictional unemployment in Australia occurs beca...
A: Unemployment refers to people who are willing and able to work but are unable to find one. This grou...
Q: and the real money If the inflation rate is higher than the rate of growth of the nominal money supp...
A: M -> nominal money supply P -> price level (M/P) -> real money supply. -------------------...
Q: If provinces were legally bound to have annually balanced budgets, they would likely: Select one: ha...
A: A balanced budget occurs when revenues are equal to or greater than total expenses.
Q: . Which of the following are determinants of aggregate demand? Choose all that apply. A. a spike in ...
A: Answer: Determinants of aggregate demand: the determinants of aggregate demand refer to the factors ...
Q: Price £/unit E D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 shows ...
A: A major natural disaster disrupts the production of goods leads to a decrease in the supply of goods...
Q: Do undocumented immigrants overall representa net economic cost or benefit to the UnitedStates?
A: The United States is frequently referred to as an immigrant country. The vast majority of Americans,...
Q: Describe one type of negative market externality with a forest as it relates to climate change. Expl...
A: a) Environmental or forest related externalities, such as natural resources or public health, are ex...
Q: From the following demand and supply equation find the equilibrium price (ePx); Qdx= 30.1Px-270.8 an...
A: The equilibrium price is the only price where the plans of consumers and the plans of producers agre...
Q: a) Consider two countries that have the same parameters and exogenous variables (i.e. they have the ...
A:
Explain system/mass theory and elite theories in public policy
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- The five force model is a frameworkAccording to Chomsky & Herman, describes the idea that mass media are powerful ideological institutions, and that they carry out a propaganda function that supports and maintains existing power structures (the status quo). O social constructivism O coalition building O purchasing power O manufacturing consentWhat is the value base of communitarian capitalism?
- defend the claim that china has adopted mercantilist theoriesExplain how the principles and steps of Rawls's justice theory relate to justice in contemporary business. Provide examples.Explain how institutional discrimination can happen in a contemporary society. Please give one contemporary example.
- Define the concept of Imperfect Multicollinearity?Distinguish between the two global cultures of capitalism. Do you envision a convergence of these two approaches to capitalism within the rapidly developingglobal marketplace? Support your viewpoint.how is corporate oversight that results in deadly consequence different from murder ? why are the crimes of capitalism not considered as such