4.ALCOA does not have the monopoly power it once had. How do you suppose their barriers to entry were weakened?

Q: Sustainable resource allocations require that net benefits today (period 1) and tomorrow (period 2) ...

A: Sustainable resource management refers to the management of resources in such a way that their sourc...

Q: An investment of $100,000 in safe 10-year corporate bonds yields an average of 9% per year, payable ...

A:

Q: Make at least one example that shows the following in investment: Ten principles of economics Porter...

A: Answer 1. In his book Principles of Economics, Gregory Mankiw lays out ten economic principles, whic...

Q: Suppose a firm has a production function Q = 10/KL %3D so that 5/K MPL VI 5VL VK MPK The firm uses 9...

A: Cost = wL + rK We substitute everything given: Q=60, K=9 60 = 10(9)0.5(L)0.5 6 = 3(L)0.5 22 = L So L...

Q: true or false The AFC curve approaches zero because of the diminishing marginal cost.

A: Fixed costs refers to those costs undertaken by the firm at the time of setting up of the business, ...

Q: Suppose a company is offering insurance where your premium is $500 and your payout is $2000. What i...

A: We are going to get the payout with probability 0.2 but we have to pay premium in both the states.

Q: Briefly explain monopolistic competition and provide an example of this in a South African industry.

A: Markets refers to the arrangements under which buyers are sellers are able to strike a deal regardin...

Q: Explain the role of sunk costs in decision-making.

A: Sunk cost, in business and economic term, an expense that has proactively been brought about and tha...

Q: Explain the impact of Minimum wage laws on the labor supply, including every important topic under i...

A: Minimum wage is basically the lowest rate at which labor may be hired, as determined by collective b...

Q: Output is homogenous and the demand curve P = 448 - Q. There are two firms with identica %3D costs g...

A: As it is given to us that     P=448-Q C=Qi^2 MC=2Qi

Q: When a nation concentrates on a certain production activity based on a specific resource, which of t...

A: The word "comparative advantage" refers to how trade benefits businesses, governments, and individua...

Q: Consider the oil industry in Kepler-62f, characterized by the following supply and demand curves: 10...

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: How are Milton Friedman’s theories applied?

A: Economics is the study of scarce resources. It means the resources are limited and our wants are unl...

Q: Instructions: Enter your responses as a percentage rounded to the nearest whole number. What was the...

A: Introduction   In the above diagram consumption and investment, spending has given from 2000 - 08.  ...

Q: Which if the following is NOT an example of the market drivers of globalisation? A. Establishment of...

A: Globalization is the movement of products, technology, information, and jobs across national borders...

Q: Consider a "punishment" variation of the two-firm oligopoly situation shown in the figure below. Sup...

A:

Q: uppose that a firm is producing in the short run with output given by: = 58L-L2 he firm hires labor ...

A: Optimal Labor is determined in light of similar standards as anticipated labor aside from it is dete...

Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She ha...

A: Economic decisions are those decisions in which people will choose what to do with limited resources...

Q: b. Why marginal utility per dollar must equate across products to result in utility-maximizing condi...

A:

Q: The demand measure of GDP accounting adds together:     consumption, government purchases, wages an...

A: GDP is the market value of final goods and services produced by an economy during a given period of ...

Q: What is the usual shape of a marginal revenue curve for a monopolist? Why? 2.When a monopolist iden...

A: A monopoly is a market structure in which only one firm sells output, this firm has all market power...

Q: You put 280,000 dollars in a bank which gives you 0.75% simple interest. If you leave that amount in...

A: A bank is an institution that provides the facility of loans and the facility of cash to the custome...

Q: If Mexican exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending dr...

A: Aggregate Spending = Aggregate Expenditure = Consumption Exp (C) + Investment Exp (I) + Govt Exp (G)...

Q: With regards to Solow-Swan Model in economics, what does exogenous growth mean and what factors can ...

A: The Solow–Swan model,that is also known as the exogenous growth model, is a long-run economic growth...

Q: The Food and Drug Administration (FDA) is the arm of the government that implements safety in the fo...

A: Redistributive policies are those that transfer resources from one party to another. Eg, food stamps...

Q: 11. (Originally #7 on Homework #3) Consider a consumer with the following information: At the optima...

A: Consumer equilibrium is the equilibrium that is achieved where the budget line is equal to the margi...

Q: What is a price bubble? Asset price that has risen above the level justified by economic fundamental...

A: Answer: Price bubble: it refers to the continuous rise in the price of an asset that is above the no...

Q: Which of the following statements is true Select one: a. If economic profit is negative, accounting ...

A: Accounting profit is the difference between TR (total revenue) and TC(total cost). Economic profit, ...

Q: Why is price fixing (collusion) among firms so bad? Give an example using a case, highlighting what ...

A: Price fixing among firms is awful on the grounds that the organizations get to set a counterfeit inv...

Q: The marginal cost of providing a taxi trip is $5.00. Each taxi has the ability to make 20 trips per ...

A:

Q: In 1950, Congress raised the federal minimum wage to seventy-five cents ($0.75) per hour. The CPI in...

A: CPI is measured using fixed basket of goods. 

Q: 5. We have 5 groups of consumers on potato market. According to the table calculate total market dem...

A:

Q: How do Millennials' characteristics influence their buying behaviour?

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: A country whose National Saving is greater than its Investment will experience a Not enough informat...

A: In economics, savings refer to the income unsued. In other words, savings means income left after sp...

Q: As the manager at Clean-Well Corporation, your research staff provided you with the estimated demand...

A: Normal good refers to those good which shows a positive relationship between income and demand for t...

Q: At a price of $4.97 per pound, the supply for cherries is 16,289 pounds, and the demand is 10,218 po...

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of g...

Q: Figure 8-8 Suppose the government imposes a $10 per unit tax on a good. Price 24 22+ 20 18 Supply 16...

A: Tax in any economy creates the dead weight loss which is the sum of loss in consumer and producer su...

Q: Quantity Marginal Utility Total Price Demanded Utility $14 1 $12 2 $10 $8 $6 2 m4 5

A: The term Utility means the maximum amount of satisfaction a consumer of the goods derives out of it....

Q: The following table gives nominal GDP, real GDP, and the population for two years. Find per capita r...

A: Gross Domestic Product  is the sum of all value added of a given economy. Value added is the differe...

Q: Which statement best describes the Eurosystem monetary aggregate M2? Multiple Choice M1 plus overnig...

A: Monetary aggregates consist of M1, M2, and M3 and are defined as monetary liabilities of Micro Finan...

Q: Learning Task 7: List down some daily activities and tell how these contribute to climate change. Al...

A: Climate change is a very debated topic in the global scenario and human activities are one of the re...

Q: A: How can explain the micro economics in this advanced age? B: Define the term production?

A: Answer for A part:

Q: 4. Nimbus, Inc., makes brooms and then sells them door- to-door. Here is the relationship between th...

A: Given, A Worker cost (Variable cost) = $100 Firm's fixed cost = $200 Therefore, Total Cost (TC) = Fi...

Q: Gap has too many 12,500 square feet stores. The target store size is 6,000 to 10,000 square feet, so...

A: Cost advantages accrue to companies when their production processes become more streamlined. By incr...

Q: balances of fiat money worth y goods. 1+ Vi+1 a. Use the equality of supply and demand in the money ...

A: Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat mone...

Q: What are the advantages and disadvantages of owning a franchise? What factors should you consider wh...

A: The concept of Franchising is based on a marketing concept that a company can implement as a means o...

Q: Use IS-LM model graphs and show the results of fiscal consolidation (reducing G) in the country with...

A: Answer-

Q: ___ are now the largest single component of the supply side of GDP, representing over half of GDP. ...

A: Gross domestic product refers to total goods and services produced within the economy within the giv...

Q: If 1200 amounts to 8000 when deposited annually for 6 years, what is the rate of return?

A: Future Value is the value of an investment at a specific date in the future at a certain rate of int...

Q: y could a monopolistically competitive market be considered inefficient? ct an answer and submit. Fo...

A: In a monopolistic competitive market there are large number of firms producing similar but not ident...