Discuss it in your own understanding and then give example each of the following:   Tangible and Intangible Market Structure ( Perfect Competition,Monopoly Competition and Oligopoly Competition) Price and Production

Q: What amount of money invested today at 15% interest can provide the following scholarships: P 30 000…

A: The measure that depicts current stream of income flows being discounted at a specified rate of…

Q: The total depreciation of an equipment after its 16 years of useful life is P448,475. Using the…

A: Given  The total depreciation of equipment after 16 years  is P448,475 Useful one of equipment =16…

Q: On the basis of the three individual demand schedules in the following table, and assuming these are…

A: We know that private goods are excludable and rival while public goods are non-excludable and…

Q: Consider a Ricardian world of countries, A and B, two goods, X and Y, and a single factor of…

A: Given  Country A The production function for good x  Qx=0.1Lx           The production function…

Q: What is import substitution policy and how does the Prebisch-Singer hypothesis justify its use?

A: The import substitution strategy is recommended for the developing countries.  Developing countries…

Q: The effect of the changes in income and prices?

A:

Q: Let's say that today, in response to market trends, sellers of sunglasses raise their price. As a…

A: as we know that demand curve is downward sloping curve which exhibits the negative relationship…

Q: Which of the following is true of the change in the quantity of aggregate output demanded? a.The…

A: Aggregate output demand is the sum of consumption, investment, government spending, and net exports.…

Q: An industry has two firms. Firm 1's cost function is c(y) = 3y + 200 and firm 2's cost function is…

A: In the Cournot model, firms compete in terms of quantities and each firm tries to produce such…

Q: A profit maximizing firm with short run total cost given by: TC = 5q² + 100q + 250 is currently…

A: Total cost is composed of fixed cost and variable cost. Variable cost depends on output and fixed…

Q: Question 32 $75 150 225 Investment (5) Price Level Q Real GDP Investment Demand $50 100 150…

A: As per Keynes, Investment is influenced by rate of interest as well as marginal efficiency of…

Q: An industry has two firms: a Stackelberg leader and a follower. The inverse mark 36 - q, the leader…

A: Given information: There are two firms, i.e., firm 1 and firm 2 Firm 1 is a leader firm and firm 2…

Q: Which one does not belong to the externalities contributed by oil? a. Emissions that pollute the…

A: Externality is referred to as a cost or benefit imposed on the third party which is not involved in…

Q: Which of the following might increase the economy's ability to product output over the long run,…

A: LRAS is long run aggregate supply which is vertical at full employment.

Q: 3. The total (abatement) cost for cutting down on CO2 by R is C(R) = 7R² + 10R. The total benefit of…

A: Externalities are the third person thing. It is usually the harm/benefits caused by the producer…

Q: True or False: Suppose you are advising the Egg Farmers of Canada on changes in the egg market.…

A: Given information: The current price of eggs is $3 per dozen, and the quantity demanded is 2.5…

Q: A computer hardware firm sells both laptop computers and printers. Through the magic of focus…

A: The measure that depicts various quantities of goods and services being demanded at various levels…

Q: You are now required to compute the consumer price index (CPI) and the inflation in one  village. To…

A: Given : Products  Quantity Rice 3kg Meat 1.5kg Vegetable 3kg

Q: If Jessica typically spends $8.00 whenever her income increases by $10.00 then her marginal…

A: Marginal propensity to consume (MPC) refers to the proportion of extra income that a person spends…

Q: ify the following statement as true or false. Justify the answer. The justification is more…

A: Utility function shows the functional relationship between the consumption goods and utility.

Q: Which of the following statements is a challenge to the use of natural gas? a. Fracking has decrease…

A: Natural gas, coal, nuclear are different sources of energy.

Q: uppose you are asked to compare the variation in housing rental prices in the Eastern  Caribbean…

A: F-test: It is also known as Snedecor F distribution or Fisher distribution. The ratio of two…

Q: What Is a Commercial Bank?

A: Banking system plays the critical role in an economy. It collects the funds from surplus sector…

Q: Think of a person who likes having impact on their social networks. To do so, they always follow the…

A: Marginal returns refer to an increase in the total returns.

Q: If government tax policy requires Bill to pay $20,000 in taxes on annual income of $200,000 and Paul…

A: Given: Amount that Bill has to pay as per the tax policy = $20000 His Annual Income = 200000 Amount…

Q: Price P3 P2 P₁ A C Q₂ After the imposition of the tar exports Q1 to Q4 Oexports Q2 to Q3 imports Q1…

A: The world price is less than the domestic price. Thus there will be a import of good from rest of…

Q: WataDine is one of a city’s many restaurants that serve breakfast, lunch, and dinner in a…

A: Monopolistic competition is a model of the market in which several enterprises compete with one…

Q: The Competitive Equilibrium Model—Deriving Supply] Negar owns a trendy and sustainable shoe factory.…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Elaborate the "concept of homogeneity and Returns to Scale. Mathematically prove the following…

A: Here, we have the production function:- XL,K=δ0LαKβ To prove the homogeneity of this production…

Q: QUESTION 2 lassify the following statement as true or false. Justify the answer. The justification…

A: The efficient scale of production for a typical coffee shop is equal to 80 units. There are similar…

Q: How might international trade impact the labor demand curve and wages.   Question 10 options:…

A: The international trade impacts the labor demand curve and wages in a manner explained below:

Q: 6) The accompanying table shows the price and yearly quantity sold of souvenir T-shirts in the town…

A: Mid-point formula for income elasticity is  eM=Q2-Q1Q2+Q1/2M2-M1M2+M1/2 The formula for price…

Q: 1. The economies of Canada and Mexico produce only fruit and timber. Each country has a labor force…

A: A country has a comparative advantage in the good which it can produce at lower opportunity cost.

Q: Answer questions 5-7 based on the following information: Suppose that the production function for…

A: Given:F(L,K)=L14K12w=2r=4 FC= $100

Q: QUESTION (1) Consider the following game tree of a two-stage dynamic game. Write the players'…

A: Above game has two players - Player 1  & 2  Strategy Set of Player 1 : {A , L , R }   &…

Q: Suppose that a perfectly competitive industry consists of 240 firms and fixed cost of an individual…

A: The competitive market consists of many buyers and sellers. All sellers have identical product.…

Q: Using the graph below, calculate the firm's profits at the profit maximizing output Price 408 384…

A: A profit-maximizing firm produces at the intersection point of MR and MC.  i.e., MR = MC is…

Q: A primary reason a country would put restrictions on its own currency is to Select one: a. encourage…

A: Exchange rate is the rate at which the nation's currency is exchanged in foreign exchange rate and…

Q: Although Goldman Sachs paid Heather $100,000.00 per year, she was not satisfied with her job. She…

A: Given:- Amount Heather get from her job= $100000 per yearAmount she borrowed from bank=…

Q: Determination of Equilibrium Level of Employment by The aggregate demand price and aggregate supply…

A:

Q: Three firms are competing through prices (Bertrand competition). They are all selling the same…

A: Bertrand competition is a model of an oligopoly market structure.

Q: Why does bundle A in the figure below not maximize the agent's utility? 15 Y 10 5 0 A B 2 D 10

A: Utility maximization occurs where the marginal rate of substitution is equal to the slope of the…

Q: Assume that the demand for cosmetic or plastic surgery is price inelastic. Are the following…

A: Elasticity is used to explain the relationship that exists between demand/supply and their…

Q: Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land,…

A: Accounting profit is the profit or the net income for the firm and the company after reducing all…

Q: Question: Explain the distinction between monetary and fiscal policy by focusing on how each type of…

A: Governments use a wide range of economic policies to manage their economy. To influence production,…

Q: When income rises by 10%, the demand for Good A falls by 3%. From the above, we know Good A is O a…

A: Income is referred as a non price determinant that affect the demand for the good.

Q: 5. Consider the Taylor rule: r = (81)[-1]+($2)[r" + ayY+az(-7)]. Assume target inflation at 2% and…

A: The Taylor Rule states that the Federal Reserve should raise interest rates when either inflation or…

Q: A flood control project with a life of 16 years will require an investment of ​$55,000 and annual…

A: The modified B-C ratio takes the venture operating/maintenance costs paid by the support and deducts…

Q: Customers who are indifferent to price increases based on their income, taste and preferences are…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Q: A monopolist has a cost function c(q) = 5g +800 and faces aggregate demand q=3000-120p. Suppose…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…