Q: 2) Country X faces world prices for finished radios and radio components, which are 90 shillings and...
A: The formula for an effective rate of protection =(Pwt0 -Cwti)Pw-Cwwhere, The nominal rate of tari...
Q: Much of the world’s current economic activities is concentrated in a group of countries called the T...
A: Triad countries are the 3 countries that dominating in the global economy till the late 90s. these c...
Q: Consider a simplified version of endogenous growth model discussed in the class. The growth rate is ...
A: Given: The growth rate for Region 1 is: 0 ≤ θ ≤ αLαH (1-η) The growth rate for Region 2 and 3: αLαH ...
Q: A toy manufacturing from has demand for the product is given by the demand function Q= 500 - 3p. Whe...
A: The demand function for the toy firm; Q = 500 - 3P Price = P Quantity = Q We are required to find t...
Q: what is the differences and the similarities between customer success manager, environmental economi...
A: Customer success managers (CSMs) support your customers as they transition from sales possibilities ...
Q: Suppose that you own a 20-acre plot of land that you would like to rent out to wheat farmers. For th...
A: Profits are the excess of revenue receipts over the costs incurred by the firm due to the production...
Q: 6. Suppose a monopoly has the following demand and cost curves: Q = 1500 – 10P TC = 4000 + 80Q (a) A...
A: Firm maximizes total revenue when the marginal revenue (MR) equals zero. Firm maximizes total profit...
Q: What is shares of stocks?
A: A capital market is a marketplace where investors and sellers exchange financial instruments such as...
Q: Consider the Grossman-Rossi Hansberg model of offshoring. There are two goods: X and Y. Good X requi...
A:
Q: Question 11 3 pt Assume that a firm spends $100 on two inputs, labor (graphed on the horizontal axis...
A: Given The firm spends $100 on the two inputs, labor and capital. Wage = 20 Rental cost of capital...
Q: Draw a chart of different types of contract in details. Note:- Donot Copy paste from internet Source...
A: An agreement is an understanding between two elements or people, which fills in as legitimate securi...
Q: What is the elasticity of demand?
A: The price elasticity is the ratio of the percentage change in the quantity demanded to the percentag...
Q: Dana Is very upset that she can't get tickets to the Rolling Stones concert because they are sold ou...
A: Overfull Demand occurs when more consumers want a product than is available. It means that demand is...
Q: Q1: KSU Products has just carried out a survey of the demand for their guidebooks to spoken Arabic. ...
A: Solution: a) In the given data, We'll use the Y variable for Price because it's a dependent variable...
Q: Kindly assist on the questions below 1) Dan is an expected utility maximizer with a utility functio...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: Briefly explain how firms compete/set price under the Oligopoly market structure.
A: Oligopoly is when a small number of firms collude to restrict output in order to achieve market re...
Q: In theory, inflation not only ______ the value of consumers' money over time, but it also increases ...
A: The effect of price change or Inflation can be seen on both the participants that are the consumers ...
Q: Common Property and Public Goods Problem To water their vine yards, a group of farmers in Cyprus dri...
A: Note:- Since we can only answer up to three subparts so, we'll answer first three. Please repost the...
Q: minimum wage legislation is enacted to protect livelihoods and reduce risk of vulnerable employment....
A: Minimum wage legislation helps the vulnerable employment by increasing their wages.
Q: Economics Question
A: a) Given Market supply curve = P = 6 + 0.6Q The total revenue that a producer receives from selling...
Q: In the quest to transform the Ghanaian economy, the Government of Ghana introduced the Ghana Free Zo...
A: he Ghana Free Zones Authority (GFZA), could be a Ghanaian government-controlled institution formed o...
Q: If you recall we faced fluctuations in oil prices all around the world during the pandemic; an inter...
A: Effects of Fuel Costs on Logistics: The logistic industry has constantly evolving effect because of ...
Q: Please answer i & ii
A: A perfect complement is a good that must be consumed with another good. The indifference curve of a ...
Q: Discuss money supply and inappropriate government polices as causes of economicflatuations
A: The money supply is the aggregate sum of money—money, coins, and equilibriums in financial balances—...
Q: Economic
A: There are several market structures in the economy and the firms in the economy are classified under...
Q: Caroline opens a lemonade stand for two hours. She spends $15 for ingredients and sells $50 worth ...
A: In economics, the cost is divided into two types such that implicit and explicit according to which ...
Q: Define carefully what is meant by a demand schedule or curve. State the law of downward-sloping dema...
A: Law of Demand: As the price of the goods or service increases then the demand for that goods or serv...
Q: Refer to Figure 30-2. If the relevant money-demand curve is the one labeled MD2, then the equilibriu...
A: The money demand is a downward sloping curve which shows the relation between the money demand and t...
Q: which one of two would be more profitable economic model or the socio eonomic model of social respon...
A: Socioeconomic model: Social-monetary model" alludes to the citizenry's abilities to appreciate finan...
Q: Equilibrium GDP( Y) 5 points Disposable Income (Yo) 5 points 1. 2. Consumption Spending (C) 5 points...
A:
Q: You have a choice when subscribing to our magazine: you cana. pay $100 now for a four-year subscript...
A: Opportunity cost: Opportunity cost is the forgone advantage that would have been inferred by choice ...
Q: Holding money demand constant, if the Fed pursues loosemoney and increase money supply, which will d...
A: Loose monetary policy refers to expansionary monetary policy, which is used with the aim to increase...
Q: Expalin why/ when? (a) Producers/sellers are bound to follow law of supply? (b) The price of poult...
A: Solution: a) Law of supply: It refers to quantity of a commodity that a firm is willing and able to ...
Q: Business journalists frequently write that the financial markets expect that firms that possess mark...
A: Firms that are monopolies have market power and hence can raise the price as much as they want.
Q: Given the model for the Mary Island economy calculate the equilibrium level of income. C = 100 + .7Y...
A: Equilibrium is attained at point where Aggregate Demand is equal to Aggregate Supply. Yd = Y -T = Di...
Q: When a market is in shortage,
A: Market shortage is a situation in which quantity demanded in the market is more than quantity suppli...
Q: Country X, an open economy, has an increase in the demand for money which led to a significant incre...
A: NOTE: Since you have asked multiple questions we will be answering only the first one, if you need a...
Q: Expalin why/ when? (a) Producers/sellers are bound to follow law of supply? (b) The price of poult...
A: Supply is the amount of output that producers or sellers are willing to sell at given prices. Under ...
Q: How does an increase in government spending affects aggregate demand, investment, and net exports in...
A: In the small open economy, the capital inflow and outflow would have free movement because of change...
Q: What multinational corporations or global companies have been playing a great role in this pandemic ...
A: HKEX,Hong kong financial market company helped Hong kong recover financially due to pandemic crisis....
Q: this question is for macroeconoomics but on bartleby it just show economics. If in Canada the wor...
A: Unemployed are those who falls in working age bracket, are able and willing to work at the going wag...
Q: Draw a diagram of the market for bank reserves and show a situation in which there is excess demand ...
A: Suppose the demand for foreign exchange is greater than the supply of foreign exchange there will be...
Q: The following are the main theories explaining the internationalization of business: The Uppsala Mod...
A: Internationalisation is the process of increase in the involvement of enterprises in the markets bei...
Q: Macroland is recognized as a high-income economy by the World Bank. The country of Macroland is now ...
A: When the country of Macroland is in recession: Recession: Recession is an economic phase which depic...
Q: Which country has an absolute advantage in the production of coffee?
A: 1. Comparative advantage: When a country has lower opportunity cost of producing a commodity than an...
Q: What are some pros and cons of being a real estate agent?
A: Pros of being a real estate agent By being a real estate agent,one can earn money and increase busin...
Q: Electricity market in Ankara is monopolistic. The monopoly faces an inverse demand curve of P = 100-...
A:
Q: In her article for Slate, Glaser (2017) suggests that consumers are willing to pay any price for the...
A: Although the reports suggest that consumers are willing to pay any price for the latest Apple iPhon...
Q: Inflation from one year to the next was 4.0% as measured by consumer price index (CPI). (a) Find the...
A: Inflation Rate = 4% Initial annual income = $45000 (a) Purchasing power after 1 year = 45000×(11+0...
Q: Which of the following can increase the future rate of growth of the U.S. economy and contribute to ...
A: Economic growth is an increase in the gross domestic product of a country over time. It can be viewe...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Melanie and Oli are competing Pacific halibut fishers. Both have been allocated ITQs that limit their catch to 1,000 tons of Pacific halibut each. Melanie's cost per ton is $20; Oli's cost per ton is $25. If the market price of Pacific halibut is $35 per ton, what is the maximum amount Melanie would be willing to pay per ton for Oli's ITQs? Multiple Choice $15. $10. $35. $25.Table 17-1Imagine a small town in which only two residents, Rochelle and Alec, own wells that produce safe drinking water. Each week Rochelle and Alec work together to decide how many gallons of water to pump. They bring the water to town and sell it at whatever price the market will bear. To keep things simple, suppose that Rochelle and Alec can pump as much water as they want without cost so that the marginal cost of water equals zero. The weekly town demand schedule and total revenue schedule for water is shown in the table below: Quantity(in gallons) Price Total Revenue(and Total Profit) 0 $60 $0 100 55 5,500 200 50 10,000 300 45 13,500 400 40 16,000 500 35 17,500 600 30 18,000 700 25 17,500 800 20 16,000 900 15 13,500 1,000 10 10,000 1,100 5 5,500 1,200 0 0 Refer to Table 17-1. If this market for water were perfectly competitive instead of…wo firms, A and B, each currently dump 50 tonnes of chemicals into the local river. The government has decided to reduce the pollution and from now on will require a pollution permit for each tonne of pollution dumped into the river. It costs Firm A $100 for each tonne of pollution that it eliminates before it reaches the river, and it costs Firm B $50 for each tonne of pollution that it eliminates before it reaches the river. The government gives each firm 20 pollution permits. Government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. What is the total cost of reducing pollution if the firms are NOT allowed to buy and sell pollution permits from each other, and what is the total cost of reducing pollution if the firms ARE allowed to buy and sell permits from each other? A. $4500; $2500 B. $3000; $1500 C. $4500; $3500 D. $4500; $4000
- 9. Historically, in many cities, taxi fares were often way above the market equilibrium rate, due to government licensing restrictions. In essence, these taxi cartels used government laws to earn excess profits by erecting barriers to entry. How- ever, modern ride-sharing services such as Uber have found innovative ways to bypass these government restrictions, and protests by the taxi industry have been frequent. In some cas- es, governments responded by banning Uber. Compare and contrast resource allocation and market outcomes under the restricted license system and a competitive system. In which case will it be easier (and cheaper) for customers to get a ride? Do you think governments should ban Uber to increase the profits of taxi drivers? Why or why not?The town has a kayak rental and visitors use the lake for recreation. The town also has a chemical lab that dumps industrial waste into the lake. This pollutes the lake and makes it a less desirable vacation destination. That is, the chemical lab's waste decreases the kayak rental's economic profit. Suppose that the chemical lab could use a different production method that involves recycling water. This would reduce the pollution in the lake to levels safe for recreation, and the kayak rental would no longer be affected. If the chemical lab uses the recycling method, then the chemical lab's economic profit is $900 per week, and the kayak rental's economic profit is $2,600 per week. If the chemical lab does not use the recycling method, then the chemical lab's economic profit is $1,600 per week, and the kayak rental's economic profit is $1,500 per week. These figures are summarized in the following table. Complete the following table by computing the total profit (the chemical lab's…A4 1. Two chemical companies, A and B, operate in a small New England town. Every week A releases 40 gallons of dioxin into the town’s aquifer, while B releases 30 gallons during the same time frame. It would cost A $800 per gallon to clean up its production, while B can clean up its waste at a cost of $500 per gallon. After this issue is raised at a town hall meeting, the town’s residents vote to reduce total dioxin pollution to 20 gallons per week. a. What would be the total cost of pollution reduction if each company were limited to 10 gallons of waste per week? b. What would the total costs be if each company received 10 gallons worth of tradable pollution credits? 2. A wheat farmer and a cattle rancher occupy adjacent parcels of land. Every year the farmer builds a fence to keep the cattle out of his field, and every year the rancher tears the fence down so that the cattle can roam free. The farmer values the wheat that gets destroyed at $300, while the rancher values having a…
- Cisco Corp. is exporting to the U.S. market. As Cisco does not have competition with any of the U.S. local firms, its only competitor is one Japanese firm. The Japanese firm instead obtains supplies from a Canadian firm. Based on this information, Cisco Corp. has ____ exposure and the Japanese firm has ____ exposure. A. transaction; translation B. economic; transaction C. economic; translation D. translation; transactionYou have recently been hired as the business manager for a small arthouse cinema in Japan. The cinema screens independent arthouse movies aswell as older independent movies. The rights to show these types of movies is negligible (assume the marginal cost equals zero). The business also has a loungethat serves drinks as well as small plates of food. The current business model is that the films are screened for free (movie tickets are free) and the business earns its revenue from sales in the lounge that occur before, during and after thescreening of the films. You have been hired to develop a new pricing strategy to improve profits Your first action was to commission an econometric study to estimate demand and demand characteristics. The study concluded there are two main types of customers having different demand. The study further concluded that the main observable characteristic between the two customer types is age. Note that ageis correlated with unobservable characteristics like…cap-and-trade and windfall profitsA city called Seoul is suffering from high concentrations of mercury in the air, caused by burningcoal in power plants. There are two of these plants close to the city. The city’s mayor wants touse cap-and-trade to reduce emissions to a reportedly “safe” level of 60 tons. The two firms havethe following marginal benefits of emissions: MB1 = 100 – 2e1, MB2 = 25 – 0.5e2.a. How much mercury will each firm emit? What allowance price will prevail in themarket?Firm 2 hires a smart lobbyist who convinces the government that its profits are relatively low andthat it therefore deserves a generous allowance allocation. The government agrees and allocatesa1 = 20 allowances to firm 1 (for free) and a2 = 40 allowances to firm 2 (for free).b. What are the firms’ profits? Do any of the firms earn windfall profits? [Hint: compareprofits with and without regulation.] Windfall profits have been sharply criticized by consumer advocacy groups and politicians.c. What can…
- 4. When handling insects, knowing where the pests are thickest can help save on insecticide usage. But scounting for bugs also comes at a price. Determine the appropriate blend of insect scouting and insecticide to manage your insect issues on the farm. Complete the following worksheet considering the different strategies for soybean production and answer the accompanying questions. The price of insect scouting is $30 per hour and insecticide is $6 per quart. Strategy Scounting (hours) Insecticide (quarts) Input Substitution Ratio Input Price Ratio 1,200 40 600 80 300 D. 120 120 (a) What economic question/opportunity does this address? What is the appropriate decision rule for input substitution? What does that rule to seek to achieve (be more specific than saying "profit maximization")? (b) What is the profit maximizing strategy? What is the cost associated with that strategy? (c) Explain how the input price ratio will change if both input prices decrease from the initial scenario by…Questión 9 óf 20 Papa Mel's is an alfalfa farm in a perfectly competitive industry. Use the information in the graphs to answer the question. Note that the scale of the first graph is in thousands of bales. Alfalfa market Papa Mel's alfalfa Price and cost Price and cost $10 $10 9 Supply 8 8 7 7 Marginal cost 4 4 3 3 Demand 2 1 1 1 2 3 4 6. 7 8. 9. 10 1 2 3 4 8. 9. 10 Output (bales) Output (bales) 6Four firms called Elm, Maple, Oak, and Cherry, produce wooden chairs. However, they also produce a great deal of garbage (a mixture of glue, varnish, sandpaper, and wood scraps). The first row of Table shows the total amount of garbage (in tons) that each firm currently produces. The other rows of the table show the cost of reducing garbage produced by the first five tons, the second five tons, and so on. First, calculate the cost of requiring each firm to reduce the weight of its garbage by one-fourth. Now, imagine that the government issues marketable permits for the current level of garbage, but the permits will shrink the weight of allowable garbage for each firm by one-fourth. What will be the result of this alternative approach to reducing pollution?