Q: Show that if a firm is a natural monopoly, a government policy that forces marginal cost pricing wil...
A: Answer: Natural Monopoly: When the cost of providing a good or service is so large (especially fixed...
Q: 22. Suppose that Dent Carr's long-run total cost of repairing s cars per week is c(s):=3s2'+12. If t...
A: Long run total cost of repairing s cars per week is c(s) = 3s2 + 12 c(s) = 3s2 + 12 Differentiate c ...
Q: Suppose that a consumer with the utility function U X=5 and Y=10. If the prices of the two goods are...
A: U=X0.25Y0.75 Differentiate U w.r.t X to get MUx MUx = dU /dX => MUx = 0.25 (Y/X)0.75 Put X=5 and ...
Q: If the demand for smartwatches are expected to increase and production costs are expected to decreas...
A: "When the demand for smartwatches is expected to increase and production costs are expected to decre...
Q: 4. Compute the percentage increase in real GDP from 2004 to 2005. a. 0 percent b. 7 percent c. 22 pe...
A: Real GDP is the value of all goods and services at the base year prices. Base Year is 2003 Real GDP ...
Q: 4. As of July 2015, the unemployment rate in the United States was 5.5 percent. What would economist...
A: Answer: Unemployment rate: it refers to the ratio of unemployed to the labor force. The unemployment...
Q: 57.When existing firms lose customers and profits due to entry of a new competitor, a Select one: O ...
A:
Q: Which of the following is an example of the real flow in the circular flow model of economics? A. A ...
A: The interaction and relationship between the households and the business is interpreted by the circu...
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A: Energy expenditure Energy expenditure refers to the amount of money used in the production of energy...
Q: 1. Calculate the value of nominal GDP for 2004. a. PHP800 b. P1,060 c. P1,200 d. P1,460
A: Nominal GDP refers to the GDP at current prices. It is defined as the market value of the various go...
Q: What are the four stages of the business cycle? Describe each stage.
A: Business cycle refers to ups and downs of the economic activityies.
Q: nods för disposing of å non-hazardous An environmental engineer is considering three chemical sludge...
A: Answer is given below
Q: what is the long run effects of a permanent increase in aggregate real money demand on exchange rate...
A: The money demand curve shows the negative relationship between the interest rate and output. It mean...
Q: 12. If _____ is rising, it likely means that the economy is shrinking. A. consumer spending B. nomin...
A: GDP is the value of final goods and services produced in the economy within a given period of time
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A: Price elasticity of demand The Price elasticity of demand is the reaction of demand due to change in...
Q: Show that a monopolist with one product at the left end point would find it profit maximizing to ser...
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Q: 5. Suppose we want to estimate the effects of alcohol consumption (alco- hol) on college grade point...
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Q: Leyla consumes goods X and Y. The price of good X is Px and the price of good Y is Py, Leyla’s incom...
A: Budget constraint refers to the different combinations of two goods that a consumer can consume with...
Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...
A:
Q: Which of the following is an assumption of the theory of oligopoly? O Firms produce and sell either ...
A: Goods are differentiated when there is a difference in packaging, taste, or any other characteristic...
Q: A man deposits P 1,000 at the end of each month for 3 years at a nominal rate of 12% compounded mont...
A: Given nominal interest rate = 12 % compounded monthly Effective rate = (1 + 12%/12)^1*12 – 1 = 12.68...
Q: 1. The opportunity cost of the good is: a. greater during periods of raising prices b. equal to the ...
A: Opportunity cost Opportunity cost is the cost of next best foregone.The opportunity cost of a specif...
Q: Define intrapreneurship and give three notable ventures where this has been practiced.
A: Intraprenuership The word intrapreneurship refers to a structure that enables an employee to functio...
Q: hat were some decisions students had to make when they decided to start a business?
A: The activities which depict making money through the production and selling of products to consumers...
Q: Suppose that the production function for DVDS is given by Q = KL2 - L3, where Qis the number of disk...
A: As per the question, Q=KL2-L3. When K=600, this production function can be written as Q=600L2-L3. Wh...
Q: Collective rights is a concept that prioritizes the welfare of society over: Group of answer cho...
A: Collective rights is held by a group of people rather than the individuals of the group. So it prio...
Q: Suppose that many varieties of lettuce have been damaged in a particular season by disease. Only gre...
A: Answer: We’ll answer the first question since the exact one wasn’t specified. Please submit a new qu...
Q: A machine is bought at P420,000 with an economic life of 6 years and a salvage value of P50,000. The...
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Q: Question 23, P1-1 (similar to) Part 1 of 4 Liability comparisons Nerissa Smith has invested $25,000 ...
A: Introduction Nerrisa smith has invested $25,000 in northeast production company. If the firm has ban...
Q: Rich's Opportunities. Rich has no nonlabor income, and suppose the price of consumption is $1 per un...
A: A change in the wage or salary will result in a shift in the amount of labour demanded. If the wage ...
Q: Givens: The demand function for spaghetti is given by Qp = 21.6 x (1)0.685 x (Pspaghetti) -0.796 x (...
A: Equilibrium refers to the point of intersecting the demand and supply curve. It means the demand cur...
Q: A movie monopolist sells to college students and other adults. The demand function for students is Q...
A: Without price discrimination Q= QdA+QdS 1,600 – 25P+1,000 – 25P 2600-50P P=2600-Q/50 TR=PQ=1/50(1600...
Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...
A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison t...
Q: Contractionary fiscal policies do not necessarily decrease a country's debt-to-GDP ratio because O a...
A: When talking about debt-to-GDP ratio, it is the economic measurement of total borrowings of the gove...
Q: 3) Consider a commodity X whose demand function is 100-2P and which has a perfectly elastic supply c...
A: Given; Demand function; Q=100-2P Supply= Price ( It is given that supply curve is perfectly elastic...
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A: Given:- Present value of loan=P 100,000 Interest rate=8% or 0.08 Afford to pay(Annual payment actual...
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A: In Democratic government generally, it has been seen that there is both public and private sector co...
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A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to Achi...
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A: The health-care system that provides insurance and services to its members. The traditional HMO is ...
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A:
Q: 13. At a Phoenix game 150,000 tickets were sold at $45 apiece. The game was sold out and some people...
A: Market equilibrium It refers to a situation at which the demand of a commodity or service is equal t...
Q: 6. Which of the following statements is correct? A. Frictional unemployment in Australia occurs beca...
A: Unemployment refers to people who are willing and able to work but are unable to find one. This grou...
Q: and the real money If the inflation rate is higher than the rate of growth of the nominal money supp...
A: M -> nominal money supply P -> price level (M/P) -> real money supply. -------------------...
Q: If provinces were legally bound to have annually balanced budgets, they would likely: Select one: ha...
A: A balanced budget occurs when revenues are equal to or greater than total expenses.
Q: . Which of the following are determinants of aggregate demand? Choose all that apply. A. a spike in ...
A: Answer: Determinants of aggregate demand: the determinants of aggregate demand refer to the factors ...
Q: Price £/unit E D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 shows ...
A: A major natural disaster disrupts the production of goods leads to a decrease in the supply of goods...
Q: Do undocumented immigrants overall representa net economic cost or benefit to the UnitedStates?
A: The United States is frequently referred to as an immigrant country. The vast majority of Americans,...
Q: Describe one type of negative market externality with a forest as it relates to climate change. Expl...
A: a) Environmental or forest related externalities, such as natural resources or public health, are ex...
Q: From the following demand and supply equation find the equilibrium price (ePx); Qdx= 30.1Px-270.8 an...
A: The equilibrium price is the only price where the plans of consumers and the plans of producers agre...
Q: a) Consider two countries that have the same parameters and exogenous variables (i.e. they have the ...
A:
Explain system/mass theory and elite theories in public policy
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- The five force model is a frameworkAccording to Chomsky & Herman, describes the idea that mass media are powerful ideological institutions, and that they carry out a propaganda function that supports and maintains existing power structures (the status quo). O social constructivism O coalition building O purchasing power O manufacturing consentWhat is the value base of communitarian capitalism?
- defend the claim that china has adopted mercantilist theoriesExplain how institutional discrimination can happen in a contemporary society. Please give one contemporary example.Explain how the principles and steps of Rawls's justice theory relate to justice in contemporary business. Provide examples.
- Distinguish between the two global cultures of capitalism. Do you envision a convergence of these two approaches to capitalism within the rapidly developingglobal marketplace? Support your viewpoint.Define the concept of Imperfect Multicollinearity?Collective rights is a concept that prioritizes the welfare of society over: Group of answer choices: population stabilization individual rights contraception family planning demographic transition