Using a linear specification, you estimate your demand curve to equal Q=20-2P+10I, where • Q = the quantity demanded of your product • P = the price of your product • I = customer income (measured in thousands of dollars) In addition, your operations team estimates you have a constant marginal cost of $10. What quantity should you set to maximize profits assuming your average customer income equals $18000 (i.e. I

Q: Consider the following NFG: X A (a,b) B (1/2a, 2b) (2a, b) Y (1/2a, 2b) Assume that a > 0,b>0. Which…

A: Let us assume that player 1 chooses strategy A with probability p and strategy B with probability…

Q: What is law of diminishing marginal returns

A: The law of diminishing returns is significant because it informs economists' beliefs that a firm's…

Q: What are some measures to remove the defects of Indian money market?

A: Introduction - When compared to advanced markets such as New York and London Money Markets, the…

Q: Question 4 XYZ Company manufactures and sells plates. Present sales output is 4,000,000 per year at…

A: The contribution margin the difference between the total revenue collected and total variable cost…

Q: ii) Monetary policy in a liquidity trap. Suppose the money demand is Md = $Y (0.25-i) given by: as…

A: The central bank of a country employs a number of instruments known as monetary policy to control…

Q: The figure below shows the long-run average cost curve for the only firm producing electricity in…

A: Economies of scale occurs when firm increases level of production and average of cost of production…

Q: With respect to the graph below, if the MARR for this particular scenario were 2%, which altemative…

A: When talking about incremental analysis, it is the analysis of the true cost of an alternative when…

Q: 1. a. Draw and label a demand and supply diagram to illustrate the equilibrium exchange rate of the…

A: Foreign Exchange Sending and receiving one currency for another is known as foreign exchange, or…

Q: What are the determinants for an individual demand? Receive with the help of indifference curves and…

A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at…

Q: Suppose TC= 10+0.1q², MC = 0.2q. If p = 10, the firm's profit on the perfectl competitive market in…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: Reserves Checkable Deposits Loans (to customers) Property Securities (owned) Stock Shares $100 1,000…

A: Here I am assuming that this is a commercial bank. For a commercial bank liabilities are something…

Q: E4 In a competitive market, the market demand is Qd = 60 −6P and the market supply is Qs = 4P. A…

A: The price ceiling is a price cap which states the highest point at which goods and services could be…

Q: Economics 1 . In Centralization, important decisions are made by ____________.       A. Low-level…

A: We are authorized to answer one question at a time, since you have not mentioned which question you…

Q: Galvanized Products is considering purchasing a new computer system for their enterprise data…

A: Answer:- Step 1.

Q: 1.Which of the following ideas were central to Adam Smith in Wealth of Nations? A)importance of…

A: As per the policy, we will answer first three sub parts. If you want other questions to be solved,…

Q: A Contractor imported a bulldozer for his job, paying P 350,000 to the Manufacturer. Freight and…

A: Given  The contractor pays to manufacturer = P350,000 Freight and insurance charge =P18000 Broker's…

Q: What is regressive and degressive tax?

A: Taxes are described as a charge made by the government on citizens who participate in the economy…

Q: Compare the alternatives below using AW and i = 10% per year C D -350,000 -35,000 35,000 8 First…

A: Annual Worth gives the average value of a certain alternative’s cost or benefit incurred over the…

Q: Take a look at the graph below. Which area shows the reduction in consumer surplus that results from…

A: A market is a location where two or more parties exchange products, services, and information. A…

Q: Plz do it quickly fast answer

A: We know that The total of all obligations incurred by a nation's government is referred to as its…

Q: A firm sells 1,000 units per week. Suppose the average variable cost is $15, and the average cost is…

A: A break-even point is a point at which a firm's economic profit is zero.  Economic profit is revenue…

Q: 5. Suppose after you graduate from Algoma University, you find a job that pays you $75,000 a year.…

A: Case-1 no.of years n=30years=30*12=360months   Interest rate (i) =3.5% per year = 0.35/12 = 0.00292…

Q: Suppose the demand curve for a product is given by: Q=200-2P+41, where I is average income measured…

A: Equilibrium price and quantity is occur where , the supply and demand will intersect or meet with…

Q: The following hypothetical production possibilities tables for China and Canada. Assume that, before…

A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity…

Q: Refer to the normal-form game of price competition in the payoff matrix below       Firm B Low…

A: In game theory, the normal form is a portrayal of a game. Not at all like broad form, normal-form…

Q: What are the determinants for an individual demand? Derive with the help of indifference curves and…

A: Demand: It refers to the goods and services that people ask for in the market. The change in demand…

Q: What is the difference between commodity money and fiat money? Is there a scenario you can think of…

A: Money is used for exchange purposes. Money is also used as unit of account and store of value.

Q: The table below shows the maximum quantities of two goods that each country can produce. If the…

A: Given  Wakanda can produce either 8 tons of Vibranium or 2 tons of gold whereas Zamunda can produce…

Q: Take a look at the figure below: Price Ps+ Pp This diagram shows a positive consumption; Qs negative…

A: Positive externalities are benefits to a third party who are not directly involved in a transaction.…

Q: An individual has a home that appraises for $500K, their mortgage is $400K. They or a home equity…

A: Home that Aprraises for = $500k, is the asset of the individual

Q: An investment of $3523 is made at the beginning of each month for 5 years and 10 months. How much…

A: Total months(n) =years*12+months=5*12+10=70 interest rate per month (r)=1% Amount invested per month…

Q: An engineering firm purchased a second hand truck for P 530,000 and paid P 15,000 for freight and…

A: Given:- Purchase price=P530,000 Freight charge(Included in purchase price)=P15,000 Life=10 years…

Q: True or False : Every finite extensive - form game of imperfect information admits at least one pure…

A: False. A counter-example is the game of chicken.   Explanation:   In game theory, the game of…

Q: Persons whose influence on others is limited to the appointed managerial authority of their…

A: According to Bartleby guidelines we can only answer first part of the questions. You can post second…

Q: Which of the following would improve a worker’s marginal product? Group of answer choices an…

A: The marginal product of labour (or MPL) alludes to an organization's expansion in all-out production…

Q: What is single tax system? Write its merits and demerits.

A: A multiple tax system is a combination of different tax systems in which a variety of different tax…

Q: Suppose that a random sample of 192 twenty-year-old men is selected from a population and that their…

A: Given, Weight = -95.4336 + 3.7824 × Height  Std error of height = 0.2976 Now, Confidence interval…

Q: Which of the utility functions below is associated with quasi-hyperbolic discounting?

A: Quasi-hyperbolic discounting Under this approach, future relatives are discounted today.  However…

Q: Long-run economic growth can be achieved with Group of answer choices A rightward shift in the…

A: Economic growth is the situation when an economy is able to generate more output or income than the…

Q: Consider an economy that produces and consumes bread and automobiles. The table includes data for…

A: Nominal GDP is that GDP which are measured on current year price level on the other Real GDP is that…

Q: section of Instruction: Use the graphing tool, 'S₁', to draw the appropriate supply line. et and

A:

Q: A new city truck can be purchased for P2,400,000. Its expected useful life is six years, at which…

A: Given  The initial cost of the truck = 2,400,000 Salvage value =0 Expected useful life =6 year Study…

Q: Economics Four hundred driver's license applicants were randomly selected and asked whether they…

A: * solution :-  (1)

Q: 1. The total demand for money is equal to the transaction plus the asset demand for money. a. If…

A:

Q: Assuming an interest rate of 5%, which three cash flows have the best Net Present Value? (Remember…

A: We have given  Year A B C D E F G 0 -75000 -75000 -75000 -75000 -75000 -75000 -75000 1 15000…

Q: (V2) In the fictional country of Vulcan, population keep declining due to low fertility. It is…

A: We are given the following information:  - The population of the country will decrease by 8% by 2050…

Q: 10.27 Party and Right Direction (Example 40) Suppose a polling organization asks a random sample of…

A: 10.27. Suppose a polling organization asks a random sample of people if they are democrat,…

Q: e) Find the range of values of r for which the two firms are able to sustain cooperation in a SPNE…

A: There are two players in the above game - CP & KC  Strategy Set of C P = Strategy Set of KC =…

Q: Economics Subject: econometrics question: Task is to perform Engle-granger method and the…

A: We need to use both the Engle-Granger approach and the Johansen method to check for the existence of…

Q: What are the economic arguments in favour of the policy of protection? Write any three arguments.

A: Policy of protection is followed by the government to protect the domestic industries against the…