Using the list on the bottom what are "service" components and "physical goods" components? a new car (C) designer jeans (J) car oil change (O) dress dry cleaning (D) haircut (H) tax preparation software (T) college education (E) * if you can separate each one into two groups one for services and another one for physical g

Q: Question 5 The Q-statistic follows which probability distribution? Standard Normal None of the…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: possible What limits a consumer's consumption choices? A consumer's consumption choices are limited…

A: Consumer can only buy a good which is affordable for him and lies within his budget.

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A: Payment is done by the beginning of the quarter it is same as the case we know about annuity…

Q: Activity 1. Describe briefly the effect of the following in purchasing power Inflation Currency…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: a. Complete the marginal cost column in the table. Tie-Dyed T-Shirt Production Costs Output…

A: Given,

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A: Internal balance refers to a scenario in which real production is at potential or near full…

Q: Two models, R, = 9.21+0.62t and R, =9.21+0.45t , are given for revenue (in billions of dollars per…

A: Given Model 1:R1=9.21+0.62t           .... (1) Model 2:R2=9.21+0.45t           ..... (2) For 2007,…

Q: Figure 1 P ($), MC 125 99 79 75 139 99 `MR 45 Suppose that Figure #1 depicts the demand conditions…

A: Given; Price per exhibits= $99 When:-            MR=MC Quantity= 45 Marginal Cost= $75

Q: Alice and Bob observed by b How many pur 6. 36 216 128 64 3. 7 729

A: In the above game , the stage game is played twice in succession . Stage game refers to the base…

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A: In all problems of double maximisation, the issue is that two vertical monopolists are involved, who…

Q: What are Opportunity Costs? How is it different from Cost Benefits? (2 PAGES)

A: A producer's expenditure on factor and non-factor inputs for a specific amount of production of a…

Q: 25. The instability of the prices of farm products (e.g., corn) can be explained as the result of a.…

A: The production of farm products (e.g; corn) is largely based on the weather because climatic…

Q: What are the “Reserves” and compare between Contingency reserves and Management reserves? Cite an…

A: reserves allude to the nature of a timid or humble individual who doesn't effortlessly communicate…

Q: For the cost function C(Q) = 200+3Q2+4Q3, what is the average fixed cost of producing 10 units of…

A: We have total cost function: C(Q)=200+3Q2+4Q3          ... (1) We have to calculate average fixed…

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A: The correct answer is given in the second step.

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Q: 4. An industry has 50 perfectly competitive firms, which have the cost function c(y) = 100 + 0.25y2.…

A:

Q: Suppose that the City of Nairobi is planning a bid to host the 2032 Olympics and Kas estimated the…

A: Given  Estimated benefits at the end of 1st year =$300 million Estimated benefits at the end of 2nd…

Q: Question 2 Suppose that w = $5, r = $10 and your budget as the manager of a firm is C = $200 For all…

A: An isocost line is a graph that portrays several input combinations that cost the same total amount.…

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A: The situation that depicts a general rise in the level of prices of goods and services in the…

Q: Questions 8-12 are related to the following: Consider the following hypothesis test. Họ: µ2 120 H1:…

A: Given  Hypothesis test: H0:μ≥120H1:μ<120

Q: According to economists what is the optimal amount of pollution? O a. The optimal amount of…

A: Pollution creates negative externality to people. It puts external cost on people who are not…

Q: A monopolist’s demand function is given by D(p) = 90 − 2p. This monopolist is facing a cost…

A: given in this question:- the demand function:- D(p) =y= 90 − 2p or p=90-y2=45-y2 and the cost…

Q: In economics, utility O A. and relative price are the same thing. B. always decreases as income…

A: Relative price of the good is the ratio of price of the good itself and price of other good.

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A: Discounts are price reductions on a product or service's usual price in order to achieve or boost…

Q: d. If her marginal costs increase to MC2 will she reduce her output? (Click to select)

A: Given,

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A: All part solved below,

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A: It is given that: Alice has 4 pure strategies and Bob has 3 pure strategies in the stage game

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A: Given information

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A: Oligopoly Market : Oligopoly arises when a small number of large firms have all or most of the sales…

Q: Discuss the Urbanization in the Philippines and Land Reform.

A: Urbanization is that the process by which cities expand and increasingly large portions of the…

Q: An individuals utility function is given by U = 340x1 + 960x2 + 2x1x2 – 2x – x;/2, - - when the…

A:

Q: Draw the graph. If the monopoly is a doing perfect price discrimination, then:  the monopoly…

A: When a firm practices perfect price discrimination, it maximises its surplus and produces an…

Q: Beef is a normal good. There is increase in income and, as a result, the total revenues earned by…

A: Here, it is given that an increase in income of the people increases total revenue of beef producers…

Q: The great country of Naboombu has private savings of $700 billion, investment of $800 billion, tax…

A: Given:- Private saving=$700Investment=$800Tax revenue=$500Government expenditure=$350

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A: Phillip curve depicts the inverse trade-off between inflation rate and unemployment rate.  It means…

Q: (1) Suppose that two identical firms produce widgets and that they are the only firms in the market.…

A: Given Market demand P=300-Q       .... (1) Q=Q1+Q2SoP=300-Q1-Q2   There are two firms having cost…

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A: A carton essentially acts as a monopoly. Monopoly always produces a profit-maximizing quantity of…

Q: Alice and Bob are playing a repeated game in which a certain stage game is played twice in…

A: In the above game , the stage game is played twice in succession . Stage game refers to the base…

Q: 4) A monopolist is operating in two separate markets. The inverse demand functions for the two…

A:

Q: 1. Suppose a monopoly firm has the following Cost and Demand functions: TC=2Q P=40-2Q MC=4Q MR=40-4Q…

A: The information given is as follows:- Firms demand function: P = 40 – 2Q Firms Total cost TC = 2Q^2…

Q: Dizz Cut price Maintain price Perlis Cut price (-1,-1) A (2,-2) B Maintain price (-2,2) (1,1) D…

A: A Nash equilibrium is an equilibrium outcome from which none of the players want to deviate. There…

Q: Question 8 of 10 Attempt 1 of 2 Use the information in the table below to answer questions 7 through…

A: Labor cost = wage* labor Marginal cost = change in total cost / change in labor

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A: Given; For alternative M:- First cost= -$140000 Annual cost= -$70000 Salvage value= $8000 Life= 5…

Q: Empirical researchers and policy analysts find it more convenient at times to transform all of the…

A: Regression refers to the method in statistics that are used to identify the type of relationship…

Q: Let the demand function for a product be Q = 50- 5P. The inverse demand function of this demand…

A: Demand curve shows an inverse relationship between price and quantity demanded. The curve slopes…

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A: