Which of the following is an example of an implicit cost? depreciation of assets lease payments Rent wages

Q: Engineering Economics 2-) We have a five-year contract, compounded quarterly, at a rate of 16% per y...

A: 5 Year Contract per quarter Amount = $12 million interest rate = 16% per year  

Q: 22. In the case of a Giffen good, the demand curve will be A. O Horizontal В. Downward to the right ...

A: Giffen goods do not obey the law of demand which states that as price increases, quantity demanded f...

Q: How do we proper manage economy especially to adverse or international economic shocks?

A: Economy An economy is a complex system of interrelated production, consumption, and trade activities...

Q: Consider a consumer with preferences represented by a utility function u(r1, 12) = max{r1,72}. The p...

A: Indifference curves are the curves that show the different combination of two goods that gives the s...

Q: If the coffee's demand function is q = 192 – p², at what price where the b. %3D - revenue is maximiz...

A: Q q=192-p2We know 5hat Total Revenue(TR)=p x qTherefore,TR=p(192-p2)     =192p-p3∂TR∂p=MRMR=192-3p20...

Q: If the elasticity of demand is -0.8333 and the Price of the good is 65. What is the MR? 108 O 143 17...

A: Marginal Revenue is the cash a firm makes for each extra deal. As such, it decides how much a firm w...

Q: Suppose that Romeo in Problem 8 has the utility function U= S° RS2,and Juliet has the utility functi...

A: We do not need to use the Lagrangean to solve this.    Since the utility fuctions for both are symme...

Q: Price A 10 B 8. IG C 6. H M D 4 |K E 2 F 40 50 60 70 Quantity Using the graph in question 14. If the...

A: Suppose curve shows different levels of quantity firms are willing to supply at different price leve...

Q: A firms labor demand and labor supply equations are shown below. Labor demand equation: Ld = 40- 2(w...

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a...

Q: 3. Under which market structure, average revenue of a firm is equal to its marginal revenue

A: To find : When is average revenue equal to it's marginal revenue. 

Q: Select the correct answer below O for each firm when antitrust regulators split this company exactly...

A: A monopoly firm is a firm that has control over the market supply. This happens because a monopoly f...

Q: ssible, it should tax: The good with unit elasticity of demand and unit elasticity of supply The goo...

A: Businesses eliminate deadweight loss in the long run by changing prices to attract customers. Firms ...

Q: Imagine a smartphone company has the following costs when they produce 200 phones: $50 in average fi...

A: When some product is manufactured, cost  takes place and process of business gets accelerated. Busin...

Q: 20. If there are implicit costs of production

A: Economic profit will be lower than accounting profit if there are implicit production costs. Total r...

Q: Which of the following statements are correct? (This is an "all-or-nothing" question: if you do not ...

A: GDP is defined as the total value of all final products and services produced in a certain period of...

Q: QUESTION 8 The nearest and largest trading partner with the United States is: OA. Canada. B. Mexico ...

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

Q: WORLD VIEW World's Largest Armies Rank Country Active Military 1 China 2,183,000 2 India 1,362,000 3...

A: Opportunity cost = Number of people in the army * Quantity of food produced by an average North Kore...

Q: 16. Consider an infinitely repeated game where, in each round, two firms compete a la Bertrand in a ...

A: Given: p = 300 - 2q MC = 20 Total Revenue (TR) = p*q = 300q - 2q2  Marginal Revenue (MR) = dTR/dq MR...

Q: D. All of the following are determinants of demand except

A: To find : What is determinants of demand except. 

Q: Consider a competitive, price-taking firm that employs only one variable input, labor, to produce a ...

A: In perfect competition, many buyers and sellers are selling homogenous products. In this market, the...

Q: umer demand curve for Professor Stefan Schwarzenegger's dumbbells is given by q = (84 – 2p)², where ...

A: Given, q = (84-2p)2

Q: Johnny Ringlet at SkateNation staged a President's Day promotion at his Roller Skating Rink last wee...

A: Elasticity of demand alludes to the degree in the adjustment of demand when there is an adjustment o...

Q: Consider the closed-economy model of the money market in which, the demand for real balances depends...

A: Given information Money demand function M/P=L(i,Y-T) M/D= real money demand  i= interest rate Y-T= d...

Q: VT Company's breakeven point is 4,000 units. It's product sells for $20 per unit and has a variable ...

A: Total cost is a sum of fixed cost and variable cost. Fixed cost does not depend on quantity and vari...

Q: Suppose Alice decides to put some money in a new account that compounds twice per year. At the begin...

A: Compounding Compounding is the act of reinvesting an asset's profits, whether they be from capital g...

Q: Which (if any) of these statements are correct?   Empirical results show that trade between two part...

A: The answer is - Empirical results show that trade between two partners tends to be higher among part...

Q: ick on the items on the left to read a description. Then, drag each item to the correct implication ...

A: The government takes several measures in order to enhance the export and overall trade of an economy...

Q: Select the correct answer below O for each firm when antitrust regulators split this company exactly...

A: A natural monopoly is a type of economy that exists in the market because of the higher fixed cost o...

Q: The WorldLight Company produces two light fixtures (products 1 and 2) that require both metal frame ...

A: When a linear function is subjected to many constraints, linear programming, a mathematical modeling...

Q: in both cities; and (11) third-degree price discrimination. difference in profits between these two ...

A: A monopolist firm setting two different price level in two cities A and B with respective demand fun...

Q: In an OLG economy where each generation has 20 bananas when young, 0 bananas when old. With money, w...

A: Given the number of bananas when young = 20  Number of bananas when old = 0  

Q: Last year, 1000 gallons of almond milk (a non-dairy product) were sold at a price of $10. Yet, this ...

A:   When almond milk “a non dairy product” harvest has been destroyed in California, it resulted in su...

Q: A situation where everybody plays a dominant strategy must be a Nash Equilibrium True False

A: "Statement given in question is TRUE."

Q: Define confidentiality

A: Confidentiality can be a helpful aspect in financial matters or personal matters. 

Q: Which one of the following shocks can decrease prices and cause unemployment to rise? a) decrease i...

A: Due to an increase in government loans or contractionary monetary policy, the interest rate in an ec...

Q: Identify the effect of surplus budget on either demand or supply curve and the equilibruim interest ...

A: Loanable funds market equilibrium occurs when Demand for Loanable funds is exactly equal to supply f...

Q: For the next seven questions, assume a consumer buys food and drink. As shown in the diagram below, ...

A: 1. For a Giffen good, price effect is positive. So a rise in price should result in rise is quantity...

Q: Which of the following is true for suppliers when an industry is on the path to commoditization: opt...

A: Commoditization is the process, by which was a once-unique or inventive product or service, now beco...

Q: Suppose Bilbo Baggins is deciding on whether to buy a sword or a bag of golden cups. If he has a uti...

A:

Q: Under which market structure, average revenue of a firm is equal to its marginal revenue

A: To find : Under which structure, average revenue of a firm will be equal to it's marginal revenue 

Q: equilibrium price wil fell and equibrum quantity will ise

A:

Q: Suppose that in 2003, 995 workers were employed in the public sector, 691 of which were unionized. A...

A: The correct answer is given in the second step.

Q: 12. Discuss how the interdependence of input markets for labor, capital, and land might affect suppl...

A: The above inputs like labor, capital, and land are the factors of production without which productio...

Q: Question 19

A: a) In order to determine the equilibrium quantity, we need to determine the market demand and market...

Q: Enumerate some comparisons and contrasts of the concept of demand and concept of supply.

A: Demand is the customer's desire for a specific product at a given price, which he or she is willing ...

Q: An increase the U.K. interest rate the demand for U.S. dollars and so the U.S. dollar O a. does not ...

A: Any change in domestic interest rate will have a significant impact on the relative value of currenc...

Q: You’ve been hired as a consultant by a monopoly. You discover that the demand curve facing the monop...

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a comp...

Q: Duke Energy's prices are subject to approval by a regulatory agency. If the regulatory agency sets a...

A: When a firm follows Average cost pricing, price is set equal to average cost. The firm is said to mi...

Q: Suppose a consumer lives in two periods, with his income in period 1 as $100 and his income in perio...

A: Utility maximizing consumption bundle is when MUC1 / MUC2  = 1 + rWhere MUC1 = Marginal utility from...

Q: From the following data calculate GNP at factor cost by Income Method & Expenditure Method Rs. in Cr...

A: The gross national product at factor cost represents the market value of all goods and services prod...