Q: If the quantity of money supplied is greater than the quantity of money demanded, then the a. price ...
A: "Correct option d- nominal interest rate falls."
Q: Select an industry that belongs to any one of the four market structures – perfect competition, mono...
A: Please find the answer below.
Q: If a consumer has rational, monotonic, and convex preferences, which of the following is true concer...
A: A change in the price of a product leads to a change in demand for that product. This is called the ...
Q: Consider the market for electronic components ("chips") and assume that there is complete competitio...
A: Supply bottlenecks Supply bottlenecks means the pressure on the seller to increase or decrease suppl...
Q: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...
A: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...
Q: The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., makes a...
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...
Q: What does poor infrastructure mean in economics? Explain thoroughly and provide examples
A: Infrastructure is a critical component of economic development. It increases productivity and improv...
Q: Suppose that there is a market demand and market supply curve given by P = 10 - 0.1Q and a market su...
A: Market demand curveP=10-0.1QD0.1QD=10-PQD=100-10PMarket supply curveP=2+0.001QS-0.001QS=2-P0.001QS...
Q: True or False 1. A deferred annuity until ? period of ? interest, and A equal payments, can be comp...
A: A deferred annuity is an insurance contract that guarantees the customer a regular income or a lump ...
Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...
A: The measure that depicts the final value of goods and services being produced in an economy during a...
Q: what is the spne?
A: The image attached below show red arrows as the best responses at each node:
Q: Due to the increased use of credit carus, peup O a. a rightward shift in the demand for money curve....
A: The money demand curve is downward sloping from left to right. It shows an inverse relationship betw...
Q: A deductible reduces ________ in exactly the same way as ________. Question 10 options: a) m...
A: When talking about deductibles, it is the amount of money that an individual pays in advance to get ...
Q: In the past Christmas season, the roast suckling pig market was impacted by a large number of buyers...
A: Here, it is given that the market of roast suckling pig was affected by the buyers in the past Chris...
Q: PAYMENT HISTORY,CAPACITY,LENGTH OF CREDIT,NEW CREDIT and MIX OF CREDIT how do the above factors in...
A: Payment History, Capacity, Length Of Credit, New Credit and Mix of Credit are some of the most impor...
Q: Price Level AS P1 P2 AD - AD' Y2 Y1 Real National Income
A: In the United States, government make changes in its taxation and spending, according to the require...
Q: b) Following model was applied to manage a fish stock efficiently in the long run: Harvest functio...
A: Introduction Its answer is 4) Harvest function : H(E) = 100E - 3 E2 , where E is the number of fishi...
Q: A debit card differs from a credit card in that Question 16 options: a) a credit card is a l...
A: A credit card is a card that allows the cardholder to borrow money from a financial organisation, us...
Q: e utility function for this economy is u(x,y) = xy. What is the optimal basket (x,y) for this econo ...
A:
Q: Question: What are the equations for measuring return and risk?
A: Return and risk help us choose which investments to undertake. Returns are calculated based on the i...
Q: 2. Consider these three utility functions: U2 = u3 In a1 + In r2 Which of these functions can be sai...
A: The monotonic transformation of a utility function represents the same function as the utility funct...
Q: The benefits of economic growth, particularly as measured by real GDP per capita, include greater me...
A: Answer -1 For the vast majority of people, the benefits of economic expansion as measured by Real G...
Q: The unemployment rate in the United States tends to be… A. Acyclical B. Countercyclical C. Procyclic...
A: The unemployment rate is the ratio of the total number of unemployed people to the labor force. The ...
Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. Ecu...
A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP...
Q: 7. Bank capital is equal to ________ minus ________. Question 7 options: a) ...
A: Bank capital shows the net worth of any bank by checking the bank's assets and liabilities.
Q: Boris has $100 to spend on bananas and/or babacos. Suppose you have drawn his budget line for banana...
A: Budget line shows the two various possible combinations that can be bought with given income level a...
Q: Prove that: A capital – abundant country can benefit from international trade if it specializes in p...
A:
Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives c...
A: The consumer has an income of 80 in year 1 and an additional 10 given by the government. when consu...
Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2. Now suppose gov't gives c...
A: Given information beta=1 i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...
Q: According to the quantity theory of money, (a) Increases in the money supply will lead to inflati...
A: Inflation is defined as the rise in the average price level of commodities and services in the econo...
Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis ...
A: In the future worth method, we convert all cash flows into the future period and compare the future ...
Q: Suppose that a typical firm in a monopolistically competitive industry faces a demand curve giver by...
A:
Q: How are quintiles calculated? Select the correct answer below: O Calculated using the average of the...
A: Quintiles are defined as the equal numbers of five groups in a population.
Q: Disjoint and overlapping constraints are two different types of rules.
A: The process of extracting shared attributes from two or more classes and integrating them into a gen...
Q: A firm operating in monopolistic competition is maximizing its profit and earning negative economic ...
A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies be...
Q: In early 2019, the Powerball lottery was advertised as having a payoff of $750,000,000. The winner w...
A: Present value (PV) is the current value of a future amount of cash or stream of incomes given a pred...
Q: When you open a savings account, you and your joint account holder will need these four items. Put a...
A: A bank account is an important arrangement made by a bank to let the depositor deposit their money i...
Q: Find the point (x,y) that solves the following problem: 1 1 u(х, у) — — In x +-In y s.t. PxX + руҮ —...
A: Given; Utility function; u(x,y)=12In x+13In y Pxx+PYy=m MUx=12×1x =12x MUy=13×1y =13y
Q: Consider the following abbreviated financial statements for a proposed investment Years Sales Costs ...
A: Accounting rate of return = [Average annual profit / Initial investment] * 100 Average annual profit...
Q: The wholesale price of milk (px) is $1/gallon, and the wage (pL) is $12/hour. Suppose that farms can...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit thequestion and sp...
Q: The regulatory agency responsible for regulating the activities of life insurance companies is Qu...
A: In the United States, different authorised are formed to deal with different financial issues like F...
Q: 19. Normal profit is A. O Part of total cost B. O Part of economic profit C. O Total revenue minus t...
A: When the total revenues of the firm tend to exceed the total costs of a firm, then the business is k...
Q: Why does high compensation (wages) with little or no output from the worker is bad for the economy? ...
A: Wage: The term wage refers to the remuneration that is paid to workers against their work. In most c...
Q: Using an appropriate diagram, explain how a perfectly competition firm achieves profit- maximising o...
A: The structure of the market where there exist many firms who sell homogenous goods to many buyers wi...
Q: firms face downward-sloping demand curves in
A: There are two types of market, i.e., perfectly competitive and imperfectly competitive market. Mono...
Q: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings...
A: From the given demand and supply curve, Without a third party, the market is in equilibrium when the...
Q: Because of the adverse selection problem, Question 3 options: a) lenders will write debt con...
A: In a market, adverse selection refers to one of the causes of market failure due to unequal informat...
Q: 2. Why does local non-satiation of preferences imply that a consumer would always choose a bundle on...
A: Among the very ideas of microeconomics that form the basis of consumer theory, one of the most impor...
Q: During World War I, the price in the U.K. increased by more than that in the U.S. Following Churchil...
A: Gold Standard - The gold standard is the currency measurement system where by the value of the curre...
Q: Provide a brief description (1-2 sentences) of the lag effect.
A: The lag effect describes the time lag between the policy apply and the actual effect of the policy o...
QUESTION ONE
Using appropriate diagram, illustrate the short run and long run equilibrium of
Step by step
Solved in 3 steps with 2 images
- a. b. C. d. Price panel a panel b panel c panel di Price (a) (c) MA MC MR ATC Quantity MC ATC D Quantity Price Price (b) MR (d) MC Quantity MC مما ATC Refer to Figure 3. Assume a monopolistic competitive environment: From the 4 graphs depicted, which one of them represents a short-run equilibrium that encourages the entry of other firms? ATC Quantity Darks Window Help sgsc.view.usg.edu economics Section 2 Spring 2024 CO - South Georgia State College Exhibit 10-15 G The term monopolistic competitionQuestion 3 options:is an alternate expression for me Boone Tobacco Eagle Tobacco Advertise Don't advertise Advertise Eagle Tobacco $1150, Boone $1150 Eagle Tobacco $630, Boone $2020 Don't advertise Eagle Tobacco 2020, Boone $630 Eagle Tobacco $1500, Boone $1500 Exhibit 10-15 depicts the payoff matrix facing Eagle Tobacco and Boone Tobacco with respect to their decisions to advertise or not. What strategies will maximize their combined profit? Eagle advertise and Boone doesn't Both advertise Eagle doesn't advertise and Boone does Neither advertises 0:10:03 elaCreate a Graph For this assignment; you will produce a marginal cost anatys graph and answer some cuestons. Steps competition, monopolistic compettion, cligopoly, monopoly) 2. Draw a marginal analysis graph. Trso it the market for the prodict vou chosef (Label the axes the margral cost carve (Mc), the marginal reverue curve (MiR), and the profit-maximizing cuantity (apm) You do not need to use reai numbers 3 Answer the reflection questions in complete sentences: What is your proouct and its price? What type of mankel does your product costin? Why is the margnal cost curve the same basic snape no manter the product? At the profit-makimizing quantify is the price of your procues equal to hipher than or lower than marginal Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- QUESTION 11 Price and costs (dollars per calculator) 20 000 16 12 8 0 100 MC ATC O MR 200 300 400 500 600 Quantity (calculators per day) The figure above shows the situation facing Smart Digit, Inc., a firm in monopolistic competition that produces calculators. What quantity does the firm produce? more than 300 calculators per day and less than 400 calculators per day 300 calculators per day 400 calculators per day 200 calculators per dayc-State and explain briefly 2 differences between a perfectly competitive market and a monopolistic competitive market.. Competitors in monopolistic competition have full control over- (A) The price of their product (B) Product quality (C) The shape of the market demand curve (D) The elasticity of product substitutions 8AM
- ls uccess Tips ■ccess Tips NOUT Actumpto Koup the Highest/3 3. Is monopolistic competition efficient? Suppose that a firm produces baseball bats in a monopolistically competitive market. The following graph shows its demand curve, marginal revenue (MR) curve, marginal cost (MC) curve, and average total cost (ATC) curve. Place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. Next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity associated with that cost. PRICE (Dollars par bat) 80 70 60 20 MO о о 10 20 40 ATC 60 QUANTITY (Thousands of bas) Demand Man Camp Outcome Min Unit Cost Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact that optimal quantity. Furthermore, the quantity the firm produces in long-run equilibrium is average total cost. at the the quantity at which…3 of 7 3. Use the graph below to answer the following questions: a. Profit maximizing output level_ b. Price charged by the monopolistic competitor_ c. Total Revenue_ d. Total Cost_ e. Variable Cost f. Fixed Cost_ g. Profit or Loss h. Number of units the firm should produce in the short run and explain why? i. Number of units the firm should produce in the long run and explain why? j. In the long run, (exit/entry)_ will cause the firm's share of the market to (increase/decrease). and the firm will (decrease/increase) advertising k. In the long run the firm's costs will (decrease/increase) will (increase/decrease) of the market 5453 4.5 4 3.5 2 40 45 50 MC MR until loss is driven to ATC and the firm's share AVC d = firm's market share2. Entry or exit in the long run Fantastique Bikes is a company that manufactures bikes in a monopolistically competitive market. The following graph shows Fantastique's demand curve, marginal revenue curve (MR), marginal cost curve (MC), and average total cost curve (ATC). 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. 500 450 Monopolistically Competitive Outcome 400 350 300 Profit or Loss A ATC 250 200 150 MC 100 50 MR Demand 50 100 150 200 250 300 350 400 450 500 QUANTITY (Bikes) Given the profit-maximizing choice of output and price, the shop is earning profit, which means there are shops in the industry than in long-run equilibrium. PRICE (Dollars per bike)
