If the law of one price holds for all goods in the long run, Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a RER EP -W = 1.
Q: Over the course of a year, a nation tracked its foreign transactions and arrived at the following…
A: The Balance of Payments (BOP) report lists every money transfer that took place between citizens of…
Q: What does the demand curve faced by an oligopoly? Aside from the petroleum/gas industry, can you…
A: Oligopoly: Oligopolies are situations in which a small number of businesses work together, either…
Q: After a 2018 cyber-attack on Pegasystems, the Census Bureau decided to utilize cloud computing…
A: Given, A Cyber Attack on Pegasystems Census Bureau is referred to as an agency which conducts the…
Q: An individual values two goods, X and Y, according to the following utility function: U (X,Y)= 6…
A: Given Utility function: U(X,Y)=60.5X-0.88+0.5Y-0.88-1.14 .......(1) Price of X= 4 Price…
Q: 3. Consider a model of Cournot duopoly. Two firms produce an identical product. The inverse demand…
A:
Q: If the firms in a Cournot duopoly merge forming a monopoly, the effect on price, profit, and other…
A:
Q: ustainable tourism is a long-term commitment. The energy consumption in the tourism industry is…
A: Sustainable tourism takes into consideration all aspects of the tourism sector with sensitivity…
Q: Deposits equal Balance Sheet ASSETS Reserves (Required) $ 50,000 Loans Reserve Ratio $30,000.…
A: Reserve is the part of deposit that is kept by the banks. Required reserve is calculated by…
Q: What is supply an demand
A: Supply and demand are the two most basic concepts used in economics to understand the decisions of…
Q: Consider the following game. Player 1 can choose Strategy A or B while Player 2 can choose Strategy…
A: “Since multiple question have been asked by you we will solve the first question . Please specify…
Q: You have data on the average productivity of workers for firms across Australia. You also observe…
A: A sequence (or a vector) of random variables will be considered to be homoscedastic in statistics…
Q: This package of sliced cheese costs $2.97. How much would a package with 18 slices cost at the same…
A: Price is the amount of money needed to be paid for acquiring a given product or the amount of money…
Q: Question2 Imagine that you own a company that is a price taker with the production function: q=f(L,…
A: A Cobb-Douglas technology function is a type of production function. It is used to evaluate the…
Q: A pump is needed for 10 years at a remote location. The pump can be driven by an electric motor if a…
A: Requirement of pump in years at remote location=10 years ways of driven pump are:Electric motor or…
Q: 2) Define and provide an example of the opportunity cost (Minimum 5 lines)
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Economic efficiency in a market requires that the market be allocatively and technically efficient.…
A: The change in utility from consuming an additional unit of a commodity is called marginal utility.…
Q: The "Freshman 15" refers to the belief that college students gain 15 lb (or 6.8 kg) during their…
A: Null hypothesis: H0: μd = 0. Alternative hypothesis: H1: μd >0. Paired t-test statistic: In…
Q: You are the manager of a firm and you are required to optimize the Cobb-Douglas function given the…
A: The Lagrangian function is a mathematical method to optimize the function. It constitutes the…
Q: Explain how adverse selection leads to market failure. Give a hypothetical example/situation.
A: Moral hazard in a contract is when one party is willing to take on more risk in order to receive…
Q: Suppose that the price of health care services rises and the quantity demanded falls. Under what…
A: Share of healthcare share as a percentage of GDP can be written as: = (Value of healthcare services…
Q: The table below shows the supply and demand conditions for a firm that will play trumpets on the…
A: Social cost is the sum of private costs and external costs imposed on society. A supply curve…
Q: Consider a hypothetical open economy. The following table presents data on the relationship between…
A: The amount of money a nation makes and spends as a result of its exports and imports is known as net…
Q: ou are responsible for purchasing 25 used cars for your company. Star Brand cars costs $7,500 and…
A: Consumer Surplus: Consumer surplus is the net benefits that the consumer receives by purchasing…
Q: how did you find p= 4.1 in step 2
A: Breakeven is where the total revenue equals total cost. That is where the total profit is zero.…
Q: Find the optimal strategies, P and Q, for the row and column players, respectively. Fractions should…
A: Given pay off matrix C player C1 C2 R player R1 -1 2 R2 6 -7
Q: QUESTION 4 Directions: Use the given scenarios and the information you have learned about Fiscal and…
A: The macroeconomic tools which the government uses to intervene and correct any imbalances in the…
Q: What is the purpose of the Federal Reserve System? List and explain the three parts that make up the…
A: Federal reserve is the central bank of the United States of America.
Q: In the market for strawberries the following two things happen. After an influential article on the…
A: As the demand for the strawberry increases it causes the prices of the strawberry to increase, this…
Q: Quantity of kilowatt hours supplied: [ nstructions: Enter your response rounded to two decimal…
A: In a competitive market, a firm produces higher output than under a monopoly. The price charged by a…
Q: Gilberto's reservation prices for tubs of hummus are given below. Q (Tubs) 1 2 3 Answer: 4 5 6…
A: The consumer consumes only two goods, and reaches at equilibrium only if they allocate its income on…
Q: No More Books Corporation has an agreement with Floyd Bank, whereby the bank handles $4.7 million in…
A: A compensating balance is the bare minimum that a specific borrower must maintain in their bank…
Q: The New England Soap Company is considering adding some processing equipment to the plant to aid in…
A: Given information There are 4 projects: A,B,C and D For project A Initial investment: $8500 Annual…
Q: Suppose that the United States adopts a policy of deporting illegal immigrat workers. Before this…
A: Labour market : labour market is a market where the firms and households interacts. The firms…
Q: Use the liquidity preferences model to show what will happen to the interest rate if it is below the…
A: liquidity preference means the demand for money in the form of cash in hand. Money demand is the…
Q: in the short run, a tool manufacturer has a fixed amount of capital. Labor is a variable input. The…
A: Total Labor Cost is calculated by multiplying units of labor with the wage rate. It signifies the…
Q: The stockholders’ equity section of Monty Corp.’s balance sheet consists of common stock ($8 par)…
A: Stock dividends are the firm's own shares of stock that are distributed to stockholders as a kind of…
Q: Present Worth I B C' A₁ A2 A3 $100 $400 $250 $400 $800 $500 $150 $200 $150 These alternatives have…
A: A benefit-cost ratio is the comparison of an idea or proposal's advantages to disadvantages,…
Q: Suppose that identical duopoly firms have constant marginal costs of $10 per unit. Firm 1 faces a…
A:
Q: What is generally the case for a monopolist's average revenue? Select one: O a. It is equal to…
A: In case of Monopoly there is a single seller who controls the entire market. The firm is the Price…
Q: b. What other factors, beyond the incidence of the tax, might be relevant in assessing whether an…
A: A corporate tax is a profit-based tax on businesses. Taxes are due on a firms' income, calculated as…
Q: 17. A firm in a perfectly competitive industry faces the following long run total cost schedule: 2 4…
A: A perfectly competitive firm produces at P=MC=ATC in long run. MC cuts ATC at its minimum point.…
Q: Which of the following is true regarding the equilibrium relationship between total factor…
A: Total factor productivity is often termed as the residual in the Solow Growth Model. It measures the…
Q: Crowding out causes which of the following problems? Higher interest rates will reduce private…
A: Crowding out in economics refers to a situation in which the rise in spending by the government…
Q: Assume a country currently has rGDP of $7 billion. If the country grows at a constant 7% rate for 45…
A: Formula for the compound interest rate F = P(1+R)t F: Future valueP : present valueR : per annum…
Q: Long Run Equilibrium Consider a perfect competitive market with n identical firms. The cost…
A: Total Cost function : TC = q3- 4q2 + 74q Market Demand : P = 120 - Q Long run equilibrium for a…
Q: 1A.2 In the isoquant/isocost diagram (Figure 1), suppose the firm is producing 1,000 units of output…
A: Isocost line provides different cost combinations of inputs during the production process. Isoquant…
Q: The marginal expenditure of a monopsony buyer is as follows: ME = P + (dP/dQ)Q P = factor's…
A: A monopsony is a market structure, where only one buyer operates in the market. The buyer has the…
Q: Which of the following is a kind of bank? (select all that apply)
A: Please check the step 2 for solution
Q: What is breakeven point for each parameter if initial investment is £.30k, yearly revenue £20k,…
A: Initial investment = £.30k, Yearly revenue = £20k, Yearly expenditure = £5k, market value = £1k…
Q: Consider a perfect competitive market with n identical firms. The cost functions of an individual…
A: Given information TC=q3-4q2+74q MC=3q2-8q+74 There are n firms are working in a perfectly…
Answer in detail.
Step by step
Solved in 2 steps
- Explain only correct one...The average total cost of producing shoes will, as businesses increase production. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. always increase always decreases eventually increasePlease assist with the last question. Thank you.
- The demand and supply functions for a particular commodity are D(x) = 80e-0.001x and S(x)= 30e0.001r , where x is the number of units of the product, D(x) is the price that results in a consumer demand of x units and S(x) is the price that results in a producer supply of x units. a. Find the equilibrium point using your calculator and identify the equilibrium units and price. Give your answers to the nearest whole unit and nearest dollar. The value of x at equilibrium is units. The value of p at equilibrium is b. Determine the consumers' surplus.Analyze the demand function for Toyotas in problem C4, page 82. Please also read “What is a Symbol” located in the folder with this assignment. This function is: QT = 200 -.01PT +.005PM -10PG +.01I +.003A Where: QT = quantity purchased PT = average price of Toyotas PM = average price of Mazdas PG = price of gasoline I = per capita income A = dollars spent annually on advertising Characterize this function by circling all in the following list that are applicable: univariate, bivariate, multivariate, linear, exponential, logarithmic, curvilinear, 1st degree, 3rd degree, additive, multiplicative, linearly homogeneous What is the numerical value of the partial derivative of the function with respect to the price of gasoline (PG) (be sure to also include the + or – sign. Note: I do not want the symbol for this partial derivative)? Write the mathematical symbol representing the coefficient of income (I) (the numerical…Solve this question ...
- Please help me answer the following question in the attachment. Thank you.Please show solution alsoGreen et al. (2005) estmate the supply and demand curves for Californa processod tomatoes. The supply function is: \[ \ln \left(Q_{s}\right)=0.200+0.550 \ln (p) \] whereQis the quantify of processing tomatoes in milions of tons per year andpis the price in dollars per ton. The demand function is: \[ \ln \left(Q_{d}\right)=2600-0.200 \ln (p)+0.150 \ln \left(p_{1}\right) . \] wherep1is the price of tornato paste (which is what processing tomatoes are used to produce) in dollars per ton. Supposept=$119Determine how the equilerium price and quantity of processing tomatees change if the price of tomato pasise tails by16%. If the price of tomato paste fals by18%, then the equaborium price will by 5 (Enter a numene response using a real number rounded to two decimal places)