U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents?

Q: Explain how providing education to all children in grades K-12 provides external benefits to…

A: K-12, a term utilized in education and educational technology in the US, Canada, and potentially…

Q: Supposing that the Common Market countries proceed with their plans for economic union, should these…

A: Currency union: Two or more economies or countries share a currency in a currency union. A country…

Q: (B) Same setup as (A) with u(x, y) = ax + y and ap<1. What is the demand for X? (a) x(p, m) = m (b)…

A: Given  The utility function: u(x,y)=αx+y          ....(1) Here αp&lt;1  The price of good x is 1 and…

Q: Final answers must be in 4 decimal places. Analyn borrowed Php 5,000 from a bank and agreed to pay…

A: Borrowed Amount = 5000 bank discounted the loan and gave him Php 4,000 in cash pay loan back in 9…

Q: 1. What does it mean for preferences to be "complete"

A: Preference means the desire to get one thing more than another.

Q: Nissan is advertising a 24-month lease on the all-electric Leaf for $190 payable at the beginning of…

A: Nissan is advertising a 24-month lease on the all-electric Leaf for $190 payable at the beginning of…

Q: How should the situation be rectified to return to full employment

A: When discussing short-term changes in aggregate demand or supply, it can be claimed that these…

Q: Royalty receipts from your patented project are expected to begin five years from now. The…

A: Given information Amount at year 1=$50000 Annual increase=$2000 till 20 years Value at 0 year=$0…

Q: This table shows the values of different elasticities of demand for yogurt at the market equilibrium…

A: Elasticity is the concept that is used to determine the changes in demand or supply due to changes…

Q: A new homeowner, Ms. Dee Young, needs to decide whether to install R-11 or R-19 insulation in the…

A: Future worth is a value of an investment or asset on a particular date in the future. To put it…

Q: In the collusion game, we found that collusion was only sustainable in the infinite horizon repeated…

A: Nash Equilibrium (Introduction)  According to the game theory decision-making theorem known as the…

Q: An asset is purchased for P9,000,000. Its estimated economic life is 10 years after which it will be…

A: The sum of the years' digits is a quick method for calculating the predicted depreciation of an…

Q: DI=Y OUTPUT/INCOME      CONSUMPTION(C)       SAVINGS (S)         MPC          MPS           APC…

A: We use the following formulas to solve the above questions: 1) Income = Consumption + Savings So,…

Q: Refer to Figure 12-3. Suppose that government spending increases, shifting up the aggregate…

A: In economy, Price level is determined by the market forces Aggregate demand and supply. when AD=AS…

Q: Question 3 A certain household comprises of a couple, Adam (A) and Betty (B). They have exicographic…

A: A choice is considered to be optimal if it results in a known or predicted outcome that is at least…

Q: What will happen to the equilibrium price and quantity of oranges? Both equilibrium price and…

A: The equilibrium occurs where the demand and supply are equal. The changes in the demand and supply…

Q: (a) Suppose we have preferences U(X, Y) = 10X2/3 Y1/3, Create a table and graph/sketch the…

A: Utility function : U = 10 x2/3 y1/3 Budget Constraint : Px*x + Py*y = M Optimal consumption is…

Q: find the present value of $175 perpetuity if the interest rate is 6 percent  compounded quarterly.…

A:

Q: arger marketplaces tend to generate more wealth than smaller marketplaces. Why?

A: The marketplace or market place refers to a location where there is a regular gathering of the…

Q: The demand curve and supply curve for one‐year discount bonds with a face value of R1,000 are…

A: The term "demand curve" describes a curve that displays different quantities of an item being wanted…

Q: Will all the oppotuniy cost be 1 im so confused  Calculate the opportunity cost of producing the…

A: Opportunity cost is the cost of producing one good in terms of other good.    Opportunity cost shows…

Q: Define and provide examples of the following concepts: 1. Comparative advantage 2. Balance of Trade…

A: Macroeconomics refers to the branch of economics that deals with the economy as a whole for example…

Q: Draw the short run marginal cost curve for a firm with eventually diminishing marginal product.…

A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…

Q: mer of two goods has utility U(X1, 2) = X1X2. She can purchase each good ce of p; dollars per unit.…

A: Introduction A person who uses two products has usefulness. She can pay a fixed charge of C…

Q: You borrow $20,000 to purchase a car and will repay the loan in uniform monthly payments for the…

A: Given information P=$20000 n=48 month i=1% per month.

Q: Bob is considering whether to purchase a warranty to provide insurance on his new computer. There is…

A: The expected utility tells us what will that person's average utility when he can lose and when he…

Q: A consumer of two goods has utility u(1₁, 12) = 1172. She can purchase each good i = 1,2 at a price…

A: Utility function  : u(x1 , x2 ) = x1 + x1x2  Price of good 1 : P1  , Price of good 2 : P2  Income =…

Q: 8. When computing the cost of the basket of goods and services purchased by a typical consumer,…

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Q: ate the const mer's max zation problem and express this in words. ow let Px = 10, Py=20 and income M…

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Q: You participate in a taste test for a new protein supplement called "Kapow." You are given five…

A: Marginal utility is the added satisfaction a consumer gets from having an additional unit of a good…

Q: Suppose an individual who derives utility u(x, y) from consuming a units of good X and y units of…

A: Given  (A) u(x,y)=2x+32y B u(x,y)=min3x,32y C u(x,y)=12xy   Required: In this question, we have to…

Q: (A) Suppose an individual who derives utility u(x, y) from consuming a units of the good X and y…

A:

Q: (g) Show that, if M falls to $1034, with Px = 8 and Py = 5, then this has the same utility as the…

A: From part d: The optimal demand equation for good X is X=2M3Px       .....(1) The optimal demand…

Q: the nominal rate on a $1,000 investment is 12.75 percent. the expected rate of inflation is 2.25…

A: Nominal interest rate refers to the rate of interest which is not adjusted for inflation. Inflation…

Q: A sales position is offered at a pharmaceutical company with two salary options. Option A would pay…

A: Both options give us the total income earned. Hence, we equate both the Y's given to us and find the…

Q: The government wants to make medicare benefits available to more people, but to achieve this goal,…

A: Here, two different projects are given for the government and government is required to cut down…

Q: What are the advantages and disadvantages of special interest groups within the democratic system of…

A: The various measures taken by the government to control and regulate the private sector in order to…

Q: suppose the government in this economy decides to decrease government purchases by 300 billion…

A: The percentage of an overall pay increase that a consumer spends on purchasing goods and services…

Q: A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to…

A: The simple interest refers to an interest paid over a defined period is a fixed percentage of the…

Q: For an interest rate of 12% per year compounded continuously, find the effective interest rate…

A: Given that,  Interest rate(i ) = 12% or 0.12

Q: Prediction markets allow traders to bet on future events. One prediction market that is particularly…

A: Given ,  Utility function : U=ln(X+1) Initial wealth=4 Probability of winning=0.5  So, the…

Q: (g) Suppose Krakozhia is open to trade and the world price is 80. Determine the domestic quantity…

A: Here we are given the demand and supply curve for coffee in the domestic economy. Where there is an…

Q: (a) Does the probability of passing the test depend on Experience? Explain. (b) Matthew has 10 years…

A: Given  The model in column 2 is a logit regression model in which the dependent variable is the log…

Q: Suppose that good 1 is normal and good 2 is inferior. Prove that the total effect on demand for good…

A: Given,  Good 1 is Normal and Good 2 is Inferior. Which implies that as income increase the demand…

Q: An integrated, combined cycle power plant produces 285 MW of electricity by gasifying coal. The…

A: Production of electricity = 285 MW Capital Investment = 530 million Operating Capacity = 76% Profit…

Q: The following ACF plots were produced for raw data of monthly sales of two different variables, A…

A: ACF refers to the autocorrelation function in the time series with its lag values. It shows that how…

Q: A consumer of two goods has utility u(x₁, x2) = 12. She can purchase each good i = 1,2 at a price of…

A: Utility function : U = x1x2  Budget Constraint : P1x1 + P2x2 = w Optimization problem is to maximize…

Q: 1. Suppose that you borrow $20,000 at 9%, compounded monthly, over five years. Knowing that the 9%…

A: Equivalent value or dated value refers to the value of an original sum at any given time. The…

Q: 3. A consumer has a budget of £12 to split between two goods: good 1 has a price of 2, good 2 has a…

A: Budget constraints refers when a consumer's income restricts their purchase patterns. In other…

Q: What is the future worth of the following series of payments? a) $30,000 at the end of each…

A: Part A PV annuity = 30000 n = 5 years r = 8%   Part B PV annuity = 50000 n = 10 years r = 6%   Part…