Q: Suppose that the monopolist can produce with total cost: TC = 20Q. Assume that the monopolist sells…
A: MONOPOLIST is a firm or market that control all of the market for a particular good or services.
Q: If you were managing a monopoly, and small entrant tried to enter your market, explain why it might…
A: We show that monopoly is a type of màrket characterized by a single seller selling different…
Q: In the event of strong economic growth in China which relationship/s will be affected? Short Run…
A: A strong economic growth in China implies a rise in the total production capacity of a nation. This…
Q: Suppose you estimated a simple linear regression model involving log hourly wage rate and experience…
A: Note: when we have the mean or expected value then we don't have the error terms.
Q: 4. What are two problems and two opportunities that may need to be researched?
A: Research Research can be defined in the categories of quantitative research and qualitative…
Q: The price elasticity of demand for personal computers is estimated to be -2.2. If the price of…
A: Elasticity is used in economics by the producers to estimate the price of the product. Producers set…
Q: a. Explain why the aggregate short-run aggregate supply curve is upward sloping?
A: Short Run Aggregate Supply Curve = SRAS
Q: Suppose the nominal interest rate is curently 2.4 per cent and expectec inflation is 16 per cent. I…
A: The fisher effect refers to the economic analysis of the relationship between real interest rate,…
Q: Acertain industrial equipment has a maintenance cost of Php 2500.00 per month for the first year of…
A: The amount that should be invested initially to cover the upcoming maintenance cost should be equal…
Q: PHYSICAL RESOURCES REFER TO BRANDS, PATENTS, AND COPYRIGHTS. a. True b. False
A: Physical tangible assets are physical assets that are used in the day-to-day operations of a…
Q: Why does a monopoly arise? because of diseconomies of scale because entry to an industry is blocked…
A: Monopoly is a single seller in the market of the good with no substitutes.
Q: 2. On PPF curve drawn, identify the following points: i. Unattainable (label the point U)…
A: The highest output that can be produced with the available resources and technology would be the…
Q: An industrial plant bought a generator set for P120, 000. Other expenses including installation…
A: The total cost of the generator = P120000 + P10000 = P130 000 Salvage value = 8000 Life = 15 years…
Q: factory has decided to purchase some new equipment for P600, 000. The equipment will be kept for 10…
A: given cost of equipment = 600000 P time = 10 years salvage value = 45000 P Adjusted value = cost –…
Q: What sort of event could lead to a simultaneous decrease in both inflation rate and the unemployment…
A: Inflation is defined because the rate at which prices rise over time. Inflation is sometimes defined…
Q: 3. Thè components of marginal revenue Darnell's Fire Engines is the sole seller of fire engines in…
A: Demand curve shows a negative relationship between price and quantity demanded. Its slopes downward.
Q: Jean deposited P1,000, P1,500 and P2,000 at the end of the 2nd year, 3rd year and 4th year,…
A: We have given We have to find an equivalent uniform annual deposit for uniform gradient series…
Q: Total Total Total Average Average Average Total Man Product Fixed Variable Fixed Variable Total Cost…
A: Total cost is the sum of fixed cost and variable cost. Marginal cost refers to change in total…
Q: Fl in the blanks When a country's income is PhP2000e you spent PhP1750. When your income changed to…
A: Given: Old Income - PhP 2000 Old Consumption Expenditure - PhP 1750 New Income - PhP 4000 New…
Q: What is the price of funds in the loanable funds market? a. the Consumer Price Index b. the real…
A: Loanable funds market shows supply and demand for loanable funds. It shows how much funds are…
Q: The nominal GDP in the base year was 1000 (billion). After 5 years, the GDP deflator grew 2 times.…
A:
Q: Consider the following zero-sum game: Player C С1 С2 Сз R1 13 12| 10 R2 14 6 8 R3 16 7 a. Does…
A: Dominant strategy: which gives the maximum payoffs to a player, irrespective of what other players…
Q: An increase in the price of gasoline leads to an increase in the demand for small cars. An increase…
A: Derived demand is a financial term that alludes to the demand for a decent or administration that…
Q: Say that the marginal revenue brought by hiring a worker is at P600/day, and the minimum wage is…
A: Given:Marginal revenue of hiring a labor=P600/dayMinimum wage=P537/day
Q: Which of the following is true of effective employee evaluation and feedback? O It should be…
A: When we are considering the evaluation of employees then it is very necessary to evaluate the…
Q: BUSINESS OPPORTUNITIES CAN BE RECOGNIZED BY ENTREPRENEUR'S PRIOR EXPERIENCE. a. False b. True
A: In an economy, factors of production are needed to manufacture commodities and services, and…
Q: In Canada, what are anti-combine laws designed to do? create perfectly competitive industries…
A: Anti-consolidation laws are desigñed to ensure free markets by maintaining and enforcing competition…
Q: Alter the Solow growth model so that the pro- duction technology is given by Y = zK, where Y is…
A: Given, Y=zK Where, Y=OutputK=CapitalZ=Factor productivityS=Saving rate
Q: According to the factor price equalization theorem a. Trade will result in a convergence of factor…
A: In the international market, there are various techniques and tools to examine the nature of the…
Q: You just started an online business selling bags and shoes made in Laguna. You employed one…
A: In the current situation, The business will operate on online site with product such as bag and…
Q: The following pair of assets differ only in the MARR. The problem asks you to determine the effect…
A: Economic lives for an asset refers to the time period when the asset is useful for the owners. The…
Q: FW n the blanks When a country's income is PHP2000R you spent PhP1750 When your income changed to…
A: NOTE: AS PER THE BARTLEBY GUIDELINES HANDWRITTEN SOLUTIONS ARE NOT ALLOWED. PROVIDING HERE THE TYPED…
Q: A concrete pavement on a street would cost 10,000 and would last for 5 years with negligible…
A: Given: A street would cost = $10,000 Years = 5 At the end of each 5 years = $1,000 would be spent…
Q: A contract has been signed to lease a building at P50, 000 per year with an annual increase of P1,…
A: Lease payment is what could be compared to the month to month lease, that is officially directed…
Q: Capitalized cost of a piece of eqpt was found to be P1.5M. The rate of interest was 12% with salvage…
A: Capitalised cost = Annual Worth/i
Q: Which of the following describes an implicit cost? NO opportunity cost is involved. NO outlay of…
A: Cost can be of two types, explicit cost and implicit cost.
Q: d. Assume that Lucky Bank is required to hold a 10% deposits as reserves, and there is a $3000…
A: Money Multiplier is the iñverse of the reserve requirement, it is the ñumber by which the deposits…
Q: In Straight Line depreciation, the book value at the end of the depreciable life is equal to the…
A: When purchasing an asset, it can be seen that some value of the asset reduces overtime due to its…
Q: What does it mean by "primary and secondary stakeholder groups" when pertaining to strategizing with…
A: Corporate social responsibility has been creating primary and secondary stakeholders, that would…
Q: Firm 1 must decide whether to enter an industry in which firm 2 is an incumbent. To enter this…
A: Meaning of Decision Theory under Nash Equilibrium: The term decision theory refers to the situation…
Q: Determine the value of the given gradient factor. (P/G, 10.05%, 15) round to the nearest WHOLE…
A: Below is the given value: (P/G, 10.05%, 15)
Q: Hong Kong’s prosperity has become increasingly dependent upon its capacity to play that role…
A: Hong Kong, a previous British settlement that got back to Chinese rule in 1997, is administered…
Q: Which of the following is true of monetary policy? a. If the Fed wants to increase the money…
A: Monetary policy is controlled and imposed by central bank.
Q: Describe the impact of a decrease in the contribution by the agriculture sector in the economy
A: Agriculture sector is that part of the economy which is concerned with production and distribution…
Q: What is monopolistic competition characterized by? too few firms, each producing too much too many…
A: In monopolistically competitive market, the sellers sell differentiated produces which are close…
Q: What are the “Reserves” and compare between Contingency reserves and Management reserves? Cite an…
A: Introduction In major, long-term projects, contingency planning and management reserves are…
Q: Suppose that society decided to reduce consumption and increase investment. Briefly explain what…
A: The economics as a study is based upon the idea that the resources which are present with the…
Q: Someone’s uncle leaves them $10,000 in his will, but with a requirement that they invest the money…
A: The IRA is a personal sàvings account that provides tax benefits to people who set àside their…
Q: When a country's income is PHP20008 you spent PHPL750 When your income changed to PhP4,0008, you…
A: Marginal propensity to consume (MPC) measures the change in consumer spending due to change in…
Q: Discuss the advantages and disadvantages in participating in international trade
A: International trade takes place when the countries interact with each other and transport goods and…
How does Rousseau view property? According to Rousseau, what is the origin of inequality?
Step by step
Solved in 2 steps
- According to Marx’s materialist conception of history, what is the relationship between property or the division of labor and consciousness? How might property relations and ideas prevent or promote social change?Which set of policies is more likely to cause a tradeoff between economic output and equality: policies of redistribution or policies aimed at the ladder of opportunity? Explain how the production possibility frontier tradeoff between economic equality and output might look in each case.Why are the poorest members of society the greatest beneficiaries in the Difference principle of John Rawls?
- How Bergson-Samuelson Social Welfare Function used in a model that considers a society's desire for both Pareto optimality and fairness, Mention all necessary assumptions and specify the conditions that ensure a general equilibrium and social welfareWhat did mercantilism see as the economic goal for society? Why was poverty seen as essential? Give one paragraph (short) explanation for the above question.Income inequality is necessary for Pareto optimality so that people will work as hard as they can.” “If income is distributed equally, then there must be Pareto optimality because you can’t make one person better off without making someone else worse off.” Are these statements true or false? Why or why not?
- What is the connection between functionalism andthe concept of equilibrium?Briefly discuss the contrast between outcomes in which a) Angela is anindependent farmer; b) Angela is Bruno’s slave; c) Angela has a reservation option, so can choosewhether, and how much, to work, and Bruno makes a take it or leave it offer of a fixed amount of rent(in terms of grain). Your answer should focus on i ) differences in terms of Angela’s hours worked; ii)Pareto efficiency vs fairness; iii) who gains from trade.What is Pareto Improvement and Fairness in economic?
- The branch of economics that is concerned with the study of individual economic unit is known asWhat advantage does economics have over the other social sciences that study human behavior?What does it have in common with the other social science? Elaborate.Marx says ““it is not the consciousness of men that determines their being, but, on the contrary, their social being that determines their consciousness”. What does Marx mean?