Q: c. Now suppose a minimum wage is legislated at a level higher than W*, i.e. WMIN>W*. Show it in the…
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the following situations. For each show (as…
A: 1. A perfectly competitive firm showing a profit: The price here is P (AR-MR) which is higher than…
Q: 3. The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 +…
A: At equilibrium point demand and supply intersection occurs. Market forces determines the price and…
Q: Which of the following is not a condition that leads to a natural monopoly? Select the correct…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: . The price-supply and price-demand equations of a certain product are given by p = S(x) = 15 + 0.1x…
A: Given Demand equation: p=D(x)=M-Nx ..... (1) Supply equation:p=S(x)=15+0.1x+0.003x2…
Q: Company 2019 Gross $4,250,000 Revenue |Company 2019 Gross $1,620,000 Profit Annual Retention Rate…
A: Customer lifetime value is thus a measure of revenue generated during a customer's lifetime.As a…
Q: Consider an economy in which the marginal propensity to consume is 0.8 and GDP is currently at…
A: Given; Marginal Propensity to Consume= 0.8 Current GDP= 12000 Tax multiplier=-MPC1-MPCGovernment…
Q: 4B. Which one(s) of the following functions v(x, y) = 2x°y3 – 100, w(x, y) = 3(x +y) + 120, t(x, y)…
A: different utility functions represents the different preferences for both the goods x and y.
Q: 21) The indivisible reserve of savings and credit cooperatives is NOT covered by COSSEC insurance.
A: Insurance is a contract in which the insured agrees to regularly pay a specified amount to the…
Q: c. What does the Demographic Transition meam?
A: c) Demography refers to the concepts and methods used to examine human populations.
Q: A monopolistically competitive industry is characterized by... Group of answer choices many firms…
A: Monopolistic competition occurs when multiple enterprises offer similar (but not identical) products…
Q: A perfectly competitive firm maximizes its profit by producing the output at which its marginal cost…
A: "A perfectly competitive firm is a firm which is price taker. In perfectly competitive market there…
Q: Directions: Examine each sentence, then select the correct answer to the question that follows. On…
A: Answer is given
Q: For a monopolistic competitor: choose correct and exlain your choice a. P = ATC in long-run…
A: Monopolistic competition refers to the competition that occurs when an industry has many firms…
Q: Consider an economy where the various components of expenditure follow these equations: C = 10 +…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Cost Volume $15,000 3,000 $18,000 4,000 $20,000 7,000 The fixed cost element for the firm is a.…
A: Mixed costs have a combination of FC as well as VC. They have a some fixed element irrespective of…
Q: ou work for the 3T company, which expects to earn at least 18 percent on its investments. You have…
A: Since the Total net incomes of both the activities are more than their individual beginning ventures…
Q: 1. What is Gross Domestic Product? 2. How to identify GDP Growth? 3. What is the difference…
A: The total monetary or market worth of all completed products and services produced inside a…
Q: At the moment, Marge uses 16 labour hours and 16 hair dryers. Suppose that Marge can use any amount…
A:
Q: 5/ Solve the following payoff matrix to find the best strategies and the value of game: BI B2 Al 8…
A: The given game is a zero same game where row player is a maximiser of its own payoffs and column…
Q: 2. Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average…
A: A monopolistic market has no rivalry, meaning the monopolist controls the price and quantity…
Q: Consider a market with four identical firms, each of which makes an identical product. The demand…
A:
Q: Explain how the PESTLE analysis informs the opportunities and threats elements of a SWOT
A: PESTEL analysis is a basic framework used by marketers to examine and monitor macro-environmental or…
Q: Given the information in the table below, what is country A's real aggregate product in B$ at…
A: The Aggregate Product function is defined as the function which portrays the total output of the…
Q: )The graph below shows the marginal revenue, marginal cost, and average total cost at different…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Assume we are in a Ricardian world, where there are 2 countries: Home and Foreign, 2 goods: x and y,…
A: Note - As per the guidelines we answer three parts at one time. Kindly repost the other parts.…
Q: Câu 2: Assignments CAR is a measurement of a bank's available capital expressed as a percentage of a…
A: In the banking sector, a bank's capital adequacy ratio (CAR) is a percentage of its risk-weighted…
Q: In an imaginary economy, consumers buy only sandwiches and hamburgers. The typical consumer consumes…
A: Consumer price index=CPI=cost of goods in current yearcost of goods in base year×100 in this…
Q: Which of the following would cause the short-run aggregate supply curve to shift to the right? O A.…
A: "In the short-run aggregate supply curve is upward sloping and reflect the total quantity of output…
Q: Discuss the pros and cons of two monopoly regulation methods and evaluate their effectiveness:
A: There is a possibility of that the government will choose to regulate monopolies in order to…
Q: A buyer's willingness to pay for a good is the O maximum demand for, is willing to pay for Oprice…
A: Economics refers to the social science that studies the production, distribution, and consumption of…
Q: First, go back to the Study Plan for "Monopoly" and review the section on Monopoly and Antitrust…
A: An anti-trust policy is more suitable understood as an entire competition Policy, with the OFT and…
Q: Selling Price Workers Total Wage Rate Per Day Output $75 $20 1. 16 $75 $20 28 $75 $20 37 $75 $20 4…
A: The measure that depicts an extra amount of output that is being produced from utilizing one…
Q: A competitive firm has a single factory with the cost function C(q) = 5q² + 79 and produces 32 units…
A: The marginal cost of creation refers to the adjustment to the overall cost of production that arises…
Q: 3. Consider the following table that presents the labour requirements for production in the East and…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: The demand for a monopolist’s output is 5,000/(p + 3)2, where p is the price it charges. At a price…
A: q=5000/(p+3)2 The elasticity of demand measures the percentage change in the quantity demanded of a…
Q: Determine Nash equilibrium
A: Nash equilibrium is the equilibrium in which both the players have the best strategies. We can find…
Q: Uber is one of the giant private corporations and its mobile app allows people to arrange transport…
A: According to the kinked-demand theory, each firm's product has two demand curves. The firm will have…
Q: In the Simple Keynesian Macroeconomic Model, which of the following will determine the level of…
A: "The level of autonomous spending by households is dictated by the level of autonomous consumption…
Q: J. What is the price range that will result to a surplus in the market?
A: * SOLUTION :- (J)
Q: In 2010 M1 was $2 trillion Currency was $850 Million Travelers checks were $20 Billion Demand…
A: Given, M1 : $2 TrillionCurrency : $850 MillionTravelers Checks : $20 BillionDemand Deposits : $1030…
Q: Economies to scale refer to Select one: a. the point at which marginal cost equals average cost.…
A: "Long-run average cost curve is used to determine the scale of production process."
Q: In the short run a perfectly competitive firm will Select one: a. shut down if P is greater than…
A: "A perfectly competitive firm is a price taker and maximize profit at a point where price equates…
Q: Age Earnings per year 20-29 8,00,000 30-39 10,00,000 40-49 12,00,000 50-59 15,00,000 e of 60 workers…
A: Direct labor cost is a piece of compensation bill or finance that can be explicitly and reliably…
Q: A consumer's consumption-utility function for a two period horizon is 0.5 U(cg.G) =c,G" ne…
A: Answer - "Thank you for submitting the question. But, we are authorized to solve only 3 sub parts…
Q: Question 19 Refer to Figure 6-2 in Question 16. At the profit-maximizing level of output, what is…
A: "A monopolistically competitive firm will maximize profits at a point where marginal revenue MR…
Q: For a monopolistic competitor: Choose correct and explain your choice a. P=MR. b. P>MR. c. P=MC.…
A: The answer is - b. P>MR
Q: true or false: 21) The indivisible reserve of savings and credit cooperatives is NOT covered by…
A: Insurance is a policy wherein the protected party embraces to pay the safety net provider a set…
Q: A company manufactures products in batches of 200 on one machine. If the company works 8 hours per…
A: Batches of Machine = 200 company work. 8 hrs, 5 days per week
Q: Suppose two consumers, Jack and Suzy, have identical utility functions defined for pencils (P) and…
A:
Please answer fast please arjent help with step
Step by step
Solved in 2 steps
- assume the following scenario between maxico and the US . nominal exchange rate= 25 pesos per $ , price of Hat =$100 in the US. price of Hat in maxico 1000 pesos . if the purchasing power parity holds and the price in maxico and the US are not changing but nominal exchange rate is flexible.what will be the nominal exchange rate? (a) 10 (b) 8 (c) 1 (d) 12Find the following cross rates. a) Chinese Yuan/Japanise Yen (i.e. how many Chinese Yuan are needed to buy 1 Janapise Yen?) b) UK Pound/Mexican Peso (i.e. how many Pounds are needed to buy 1 Peso?)Jetta production cost in 2002 and 2003 was 8,500 Euro per Jetta. Jettas were sold in US at $12,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. The market exchange rate was 1.83 $/Euro (i.e. rate without hedge) in 2003. If 1,500 Jetta were sold in US, in 2003, by 40% forward hedge and 60% not hedged. What would be profits or loss from sales of 1,500 Jetta in US? € 351,639 €1, 281,946 € 1,291,661 € 362,259
- A UK-manufactured car sells for GBP 14.000. A french-manufactured car sells for EUR 15.750. If the EUR/GBP exchange rate is 1.09, how much does the british-made car cost in EUR? a. 12,923 b. 13,462 c. 18,427 d. 15,260If an American traveling abroad can obtain 115 euros for $100 U.S, the current euro per $ exchange rate is: a. 0.870 euros/$ b. 1.15 euros/$ c. 115euros/$ d. 1euro/1.15$A UK-manufactured car sells for GBP 14.000. A french-manufactured car sells for EUR 15.750. If the EUR/GBP exchange rate is 1.09, how much does the french-made car cost in GBP? a. 17,162 b. 14,450 c. 13,462 d. 18,427
- Janice is a U.S. citizen traveling to Mexico with $5,000. She should be exchange her dollars for ____ pesos at an exchange rate of U.S. dollars to Mexican pesos of 0.06. (Note: Round to the nearest one in foreign currency.) a) 52,457 Ob) 91,760 O c) 83,333 d) 74,242 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.D2 The Steel was sold $650 / ton in the U.S.; the same type of steel was sold for Euro 400/ton. If the nominal exchange rate between Euro and dollar is $1.12/Euro, what is the real exchange rate between U.S. steel and European Steel? Which currency is overvalued (given a brief reason for your thought based on purchasing power parity)?The Central American country of Belize is one of approximately 14 Caribbean community countries that pegs its currency to the U.S. dollar. The pegged rate is 2 Belize dollars equal 1 U.S. dollar (2 BZD = 1 USD or 1 BZD = 0.50 USD). This is illustrated in the figure below. Exchange Rate (USD BZD) 2.00 1.00 0.50 D Quantity of Belize dollars traded per day How will the actions of speculators affect this market? O The Belize dollar supply curve will shift to the right and the Belize dollar demand curve will shift to the left. O The Belize dollar supply curve and the Belize dollar demand curve will shift to the right. O The Belize dollar supply curve will shift to the left and the Belize dollar demand curve shift to the right. The Belize dollar supply curve and the Belize dollar demand curve will shift to the left.
- 3 / 3 100% 每 8. The price of a laptop in the United States is $1,000. The price of a car in taly is 10,000 euros The current exchange rate rs09 curos per dollr. Ifa laptop is exported from the United Startes to Italy with no barriers to trade, what will be the price of the aptop in Italy? Ira car is imported to the United States from luh with barriers to trade, what will be the price of the crin ahe Ented Statres? Suppose the dollar appreciates by 0pereent aganscihecomo. Whr will be the price ofa computer exporied from the United States changem ltaly? -Suppose thhe dollarapprecites br 10 percentagamst the curoWt willbethe price of a car inmported to the Enred States from Ital chnge m tdhe Eaed Statese (8 marks) (2marks) 2marks) (2marks] (2marks)If prices grew at a compound growth rate of 4% per annum in the United States and 0.07% per annum in Japan for the past eight years, what exchange rate represents PPP today if the two currencies, eight years ago, were in parity and exchanged at a rate of JPY 109/USD? JPY 171.7/USD JPY 79.2/USD JPY 173.6/USD JPY 80.1/USDPlease no written by hand Let’s suppose you (USA dealer) imported one Lamborghini SVJ-Verde Scandal from Italian dealer on March 1, 2019 at € 400,000, payable in 30 days. The exchange rate on March 1, 2019 was 1.16 US$/€. Then you sold all of them in the US market at US$610,000 in cash on March 29, 2019. On April 1, 2019, you paid to Italian car dealer at the exchange rate of 1.26 US$/€. What was profit or loss from this business in terms of US$? (Please assume all costs are included in price.) Group of answer choices $106,000 $98,0210 $96,400 $92,020