Which of the following statements is a positive statement? cigarettes ought to be taxed due to health concerns social assistance programs should be funded by the federal government O property rights should be protected by the legal system

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A: Supply is a key economic idea that depicts the aggregate sum of a particular good or service that is…

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A: Economies of scale  This is an illustration of a monopoly business model - where the most proficient…

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A: Given :  Total Cost = 440+4q+0.0001Q2 Price = 10-0.0004Q

Q: QUESTION 7 for th below two machines and based on AW analysis which machine we should select?…

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: Problem 2. Consider the game below. Player 1 T M B Player 2 C L R (2, 1) (0, 2) (0,3) (1,1)| (1,1)|…

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Q: how does discount rate affect inflation?

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A: According to Milton Friedman, the money supply rate should be equal to the real GDP growth rate.

Q: give an example each of firms that you feel have small, moderate and large MES

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A: Returns to scales refers to the change in the average cost due to change in the output level.…

Q: Determine the total revenue equation, the marginal revenue, and the average revenue equation, total…

A: Total Cost : TC=440+4Q+0.0001Q2 Demand : P=10-0.0004Q   Total Revenue: Product of price and quantity…

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Q: 180 168 156 144 132 120 108 96 84 72 60 48 36 24 12 0 135 180 225 270 315 360 405 450 495 540 585…

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Q: 3) Diminishing marginal rate of substitution can be seen when indifference curves A) become flatter…

A:

Q: Autonomous investment is income Elastic

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Q: 21

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Q: he demand and supply functions for product M are P = 83.6 - 0.037 Q  P = 15.7 + 0.056 Q. A P10 tax…

A:

Q: 22. Define the following: Per capita Income Monetary Policy World Bank International Monetary…

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Q: Firm A High Price Low Price A = $250 A $325 B = $250 B = $200 A = $200 A $175 B = $325 B = $175…

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Q: 22

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A: The functional connection that exists between costs and output is referred to as the cost function.

Q: How does the ability to discriminate correctly affect his or her earnings?

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Q: Two firms produce and sell differentiated products that are substitutes for each other. Their demand…

A: Given the information: Firm 1: Q1=40-3P1+P2Firm 2: Q2=40-3P2+P1MC = $2.30

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Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

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