do monopolies or perfectly competitive firms earn more long term profits

Q: 5. Assume that relative purchasing power holds and that the inflation rate between year 1 and year 2…

A: The ability to purchase goods and services is known as purchasing power.

Q: individually. How many tons should firm 1 and firm 2 abate to minimize total abatement cost? Blank…

A: Marginal Abatement Cost (MAC) represents the cost associated with eliminating an additional unit of…

Q: If the production function is F(K, L) = AKL¹-a then the Marginal Rate of Technical substitution does…

A: Production function: The marginal rate of technical substitution between input L and K is the rate…

Q: (a) Assuming an economy is experiencing inflation, what are discretionary fiscal policy options that…

A: Macroeconomic analysis offers a comprehensive picture of an economy's financial landscape. It…

Q: ATC, AAC, AVC, MC ( 270.00 24000 210.00 180.00 150.00 120 00 90.00 6000 30:00 000 Unit Cost Curves…

A: Perfect competition is a theoretical market structure in which there are so many firms selling…

Q: 2.) Three mutually exclusive alternatives are being considered. Initial investment cost Annual net…

A: Present worth refers to the discounted value of the future cash flows.

Q: QUESTION 1 Given a demand curve of P = 1200 - 40Qd and supply of P = 200 + 10Qs and a binding price…

A: Demand equation: Supply equation: Binding price control is at $363.This price control can be a price…

Q: 2. Accounting for trade in goods and services Suppose the following transactions occur during the…

A: Gross domestic product is the summation of a country's final goods and services. The increase in GDP…

Q: What is meant by "demand deposits"? O a) Bank accounts where you can't withdraw money by writing a…

A: Demand Deposits are those accounts from which money can be withdrawn any time and there is no need…

Q: 3. Changes in the money supply The following graph represents the money market for some hypothetical…

A: The supply of money is defined as the amount of money in the economy in total. It includes the…

Q: S an amount Rian's profit is maximized when they produce a total of rompers. At this quantity, the…

A: Total cost refers to the expenses incurred in the production of goods or services.Total revenue…

Q: The photos attached are Workable Alternative Courses of Action and their evaluation in the table,…

A: The objective of the question is to analyze and conclude the evaluation of the Workable Alternative…

Q: The let graph shows the world market for wheat The right graph shows the cost curves and the…

A: Equilibrium is defined as the balance of demand and supply in the market. Demand and supply affect…

Q: Use the supply and deman Price $5 8 11 14 17 Quantity Demanded 75 65 55 45 35 Instructions: Enter…

A: Supply and demand is an economic model of price determination in a market. It postulates that,…

Q: AS₂ AD Price level * AD 0, 0. Real domestic output Real domestic output (A) (B) Price level XIX AD₂…

A: International trade is based on the concept of comparative advantage.. It means that a country…

Q: Suppose that Betty is facing two options a and b. a gives Betty $4 on Tuesday, while b gives Betty…

A: Option a: $4 on TuesdayOption b: $5 on WednesdayHer utility function over money is given by…

Q: In period t, a parental household (indexed by 2) equipped with human capi earns a labour income of…

A: Utility FunctionBudget ConstraintHousehold Income - Cost of educating children =

Q: An Injection molding system has a first cost of $175000 and an annual operating cost of $87000 in…

A: Annual worth is a capital planning metric that works out the same uniform annual cash flow over the…

Q: 1. Suppose that the Marginal Abatement Cost function and the Marginal Damage function for an…

A: Marginal cost is the additional unit of an input used in the production process. The marginal…

Q: Question 1 Figure Proft Maximization Decision of a Monopolist in the figure, the cost per unit for…

A: A monopoly firm produces at the intersection of MR and MC curves to maximize profit.

Q: If a country tries to maintain a fixed exchange rate, it must be willing to sell gold and hard…

A: Exchange rate regimes refer to the systems or frameworks that countries use to determine the value…

Q: Optimal package size: Optimal package price: $ units

A: Total Revenue is defined as the total amount that the producer earns from the sale of the muffins…

Q: The demand for good X is given by x = 586 p-6. The good is sold by a monopolist with cost function…

A: Demand function : x = 586p - 6Cost function : c(x) = 4x Tax on firm = $4 per unit

Q: he General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization…

A: A tariff is a tax forced by a government on goods and services imported from different nations. The…

Q: 9. There are two types of residents in a city: 70% low-income residents and 30% high- income…

A: There are 2 types of residents:Low Income = 70%High Income =30%Project ACost savings for Low Income…

Q: a. What is player 1's optimal strategy? O Strategy A O Player 1 does not have an optimal strategy.…

A: Best response strategy is the one which provides the maximum payoff corresponding to the strategy…

Q: In period t, a parental household (indexed by i) equipped with human capital hit earns a labour…

A: Utility FunctionBudget ConstraintHousehold Income - Cost of educating children = .

Q: Question 12 Higher barriers to entry and exit are generally associated with O lower profits higher…

A: A single firm operating in the market often does not want other firms to enter the market to…

Q: The table below is the balance sheet for all banks combined in the banking system. All banks have a…

A: The reserve ratio is the share of reservable liabilities that commercial banks must hold onto,…

Q: QUESTION 1 Given a demand curve of P = 253-2Qd and supply of P = 61 +5Qs, find the equilibrium price…

A: Demand refers to the willingness to pay by various consumers for a particular good available in the…

Q: You are saving to buy a new car in two years.  You currently have $5000 in an account that pays 4%…

A: The objective of the question is to calculate the monthly payments for a car loan. The calculation…

Q: Fill in the missing portion of the following table and answer the following questions: (Billions)…

A: INTRODUCTION:The structural budget deficit represents the disparity between the actual budget…

Q: Based on the information from the previous graph, absent international trade total surplus is $ The…

A: Consumer Surplus is an economic measure of consumer satisfaction, which occurs when the price a…

Q: Brewster Company manufactures elderberry wine. Last year, Brewster earned operating income of…

A: EVA stands for Economic Value Added. It is a financial metric that measures the value created by a…

Q: Time left 0:39:- You are the operations manager for a production company. You are given the…

A: The technical rate of substitution refers to the rate at which a firm switches between two factors…

Q: The following table shows output per hour produced by the different units of labor. Table 14.1…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: Use the model of the small open economy to predict what would happen to the trade balance, the real…

A: Net exports, or the commercial balance, can be used to calculate the balance of trade.. The currency…

Q: Acme Pharmaceutical Company discovers a vaccine that prevents the common cold and has a patent that…

A: A monopoly firm operates in 2 markets:North AmericaEuropeCostsMC=$10No Fixed CostsDemand functionsQE…

Q: QUESTION 3 Suppose that a monopolist whose marginal cost curve is MC(Q) = Q faces the demand curve P…

A: Monopoly is a single firm market, where a single firm sells all quantity in the market.Monopolist…

Q: S2628 $ 44 40 36 32 24 20 16 12 4 0 Monopoly Firm A E C MC B 0 4 02. What is the maximum Total…

A: A monopoly firm is a single producer in the market and produces unique products. Due to this, the…

Q: Answer the next question based on the following payoff matrix for two oligopolistic firms in which…

A: The given pay-off matrix is provided below. Firm A High PriceLow PriceFirm BHigh Price A = $250B =…

Q: Year Unemployment Rate Inflation Rate Economic Growth Rate 2009 18.9% 0.4% -1.38% 2010 19%…

A: The economic performance of developing countries, particularly those in the Caribbean, has been…

Q: Table 3-11 Assume that Jamaica and Norway can switch between producing coolers and producing radios…

A: Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or…

Q: For the utility function U = Qx0.58Qy(1-0.58) find the trade-off rate between good X and good Y at…

A: The marginal rate of substitution of X for Y measures the rate at which the consumer is ready to…

Q: In Hayward, there are 100 people who want to sell their used cars. Everybody knows that 50 of these…

A: Economics refers to the study of scarcity and its implications for the use of resources, production…

Q: According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.75 and…

A: Gross Domestic Product (GDP) refers to the sum of the values of all the goods and services produced…

Q: Determine the rate of return per year for the cash flow series shown below. Year Cash Flow, $ 1 2 3…

A: Cash flow:The net amount of cash or cash equivalents that enters and exits a business or financial…

Q: 3. Assume that scientific studies provide you with the following information concerning the benefits…

A: Externalities occur when there is an indirect impact on a party that is not directly related to the…

Q: Note: Remember to plot each point between the two integers. For example, when the number of workers…

A: The value of marginal product of labor identifies the overall change in the production level that…

Q: The demand for good X is given by x = 691-7 p. The good is sold by a monopolist with cost function…

A: 1. Determine the Demand FunctionThe demand function is given as x=691−7p, where x is the quantity…