Which of the following four - firm concentration ratios would be the best indication of a perfectly competitive industry? O A. 2 percent B. 78 percent C. 100 percent O D. 50 percent E. 31 percent
Q: Which of the following two types of unemployment occur even when the economy is healthy and growing?…
A: Answer : The right answer is option (c) frictional and structural unemployment. Frictional…
Q: A projet cost $500000 and yield annually a profit of $80000 after depreciation @ 12 % p.a but before…
A: Payback period is the the amount of time it takes to recover the cost of an investment , Here we…
Q: T = 20 + 0.2 × Y T R = 10 − 0.1 × Y where Y is national income. The basic consumption function is…
A:
Q: The graph shows the cost curves, demand curve, and marginal revenue curve of a firm in monopolistic…
A: Monopolists would like to maximize the profit by producing at a unit where Marginal Revenue is equal…
Q: Saudi Arabia is an oil exporting country. AD : Y = 710 − 30P + 5G+3Poil， AS : Y = 10 + 5P − 2Poil…
A:
Q: Consider the production possibilities frontier (PPF) shown in the graph below to answer the next…
A: Production possibilities frontier shows different combinations of two goods that can be produced…
Q: Which of the following statements concerning profit-maximizing firms in long-run equilibrium is…
A: A firm maximizes profit by producing at a point where marginal revenue is equal to marginal cost
Q: H6. Which of the following transactions should or should not be counted in GDP? Answer why or why…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Explain any three types of price elasticity of demand and any three types of price elasticity of…
A: Concept of elasticity of demand is used in economics to calculate the change in a variable due to…
Q: 24. Determine the present worth of a maintenance contract that has a cost of $30000 in year 1 and…
A: In economics and finance, present worth, conjointly brought up as present discounted worth, is that…
Q: When Japan experiences unexpected high inflation a) The bank of Japan shouldn't intervene because…
A: In an economy, inflation is considered as the change in the market value of goods, services, and any…
Q: True or false A second order control is unrelated to macro level organizational behavior
A: The first derivative with regard to time is the first order of the system. The second derivative…
Q: A change in the quantity of aggregate demand due to a change in the price level and a resulting…
A: In a market, any change in ove economic variable has a significant change in another economic…
Q: Deadweight loss is defined as O a) the dollar cost of a tax per unit of sale. O b) the cost to…
A: In perfectly competitive market, there is no deadweight loss. Market structures like monopoly and…
Q: Jsing the sinking fund formula or a financial calculator, complete the following: (Do not round…
A:
Q: 21. If taxes a. increase, then consumption increases, and aggregate demand shifts leftward. b.…
A:
Q: 16. A consumer's utility only depends on the consumption of goods A and B according to the following…
A: We have Utility function: U(A,B)=A1/5B4/5 .... (1) Price of good A = $5 Price of good…
Q: What are leading economic indicators? Why are they important? In what way are these variables…
A: A macroeconomic gauge used by researchers to analyze current and future economic activity and…
Q: b. What is the equilibrium price sellers receive, equilibrium price buyers pay, and equilibrium…
A:
Q: In the Lorenz curve, the final entry in the cumulative income column needs to be 0% 45% 100%…
A: Lorenz curve is a curve of distribution of income with an economy.
Q: How many airplanes would a competitive firm produce if the market price was $14?
A:
Q: Consumer surplus plus producer surplus equals O a) tax revenue. O b) economic profit. Oc) market…
A: Consumer surplus refers to the area above the price and below the demand curve. Producer surplus…
Q: 1. Suppose a worker can survive by daily consumption of $40 value of commodities as determined by…
A: Given information Survival daily consumption worth for labor=$40 Value of 4 hours of work for labor=…
Q: 4. Maria manages a bakery that specializes in ciabatta bread (monopolistically competitive firm),…
A: According to the question, Maria is the owner of a bakery that specializes in ciabatta bread (a…
Q: The accompanying table shows Francesca's estimated annual benefits of holding different amounts of…
A: The table shows the total benefits Francesca gets from holding different denomination of money. Now…
Q: Economic growth is determined by a) population, birth rates, and death rates. b) resources,…
A: Economic growth is the increase in price adjusted value of goods and services produced by an…
Q: A fall in the price level that causes a change in the real value of wealth results in a) a downward…
A: Aggregate demand curve shows a negative relationship between price level and the real output in an…
Q: Does the game has any Nash equilibrium ? If your answer is "Yes", then you are required to identify…
A:
Q: AD/AS model. Country A is an oil exporting country. The aggregate demand and supply functions…
A: The question is based on the aggregate demand - aggregate supply model.
Q: Q1 a) Given a production function depicting the response of paddy rice to fertilizer application, Y…
A: Production function : Y = 3X + 9X2 - X3 MPP(Marginal physical product ) refers to the additional…
Q: Marcus was an aircraft mechanic for 27 years. An advancement in technology automated his job, so…
A: Unemployment rate is the percentage of labor force who is looking for a job and are able to work.
Q: An increase in tariffs and quotas on imports causes a country's currency to appreciate.
A: Quotas are limits set on the number of commodities which will be imported during a particular period…
Q: Suppose there are two goods, that the prices are given, and that there is a consumer worth a certain…
A: Normal good – a good in which an increase in income raises its sales.
Q: NEXI quest Use the figure to the right to answer this question. Mary is the only veterinarian in a…
A: In monopoly, the point of profit maximization is MR = MC, where, Marginal Revenue Marginal Cost
Q: QUESTION 4 Which game form is best suited to games with simultaneous decisions about strategy?…
A: In game theory, a simultaneous game or static game is a game where each player selects their action…
Q: When making decisions about saving and borrowing, people care most about O a) the nominal rate of…
A: In an economy, people make their consumption and savings decisions based on their income level and…
Q: Required Q (2) if the demand function for a particular project is in the following form: Q = 75 - 5P…
A: As given Demand function is Q = 75 - 5P Price elasticity of demand = -dQdP×PQ
Q: An increase in would lead to an increase in long-run economic growth. a) consumer spending and…
A: Economic growth is the permanent increase in real GDP per capita.
Q: Price and cost (dollars per unit) LE MC F В 40 30 20 MR 800 1,000 Quantity (units) Use the figure…
A: in monopoly market, 1) there is only single seller in the market with full control over the market…
Q: A website that rents movies online recorded the age and the number of movies rented during the past…
A: Sample size n = 25< 30 SE(b1) = 0.0827
Q: Arnie's Airlines is a monopoly airline that is able to price discriminate. If Arnie's decides to…
A: The strategy of charging the different prices to customers for the same service or product is being…
Q: The J-curve effect relies upon A. Lags in demand response to devaluation. B. Larger demand…
A: (Q) The J-curve effect relies upon A. Lags in demand response to devaluation. B. Larger demand…
Q: A firm must decide between two designs. Their effective income tax rate is 33%, and MACRS…
A: Given information Two design Design A: Initial investment =$940000 Net revenue=$260000 Salvage…
Q: Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose…
A: PLEASE FIND THE ANSWER BELOW. INFLATION RATE: The rate at which prices increase over time,…
Q: Givenu(x)=x0.5 Lottery A Probability 0.50 0.25 0.25 Outcome 64 16 0 For automatic grading, give…
A: Givenu(x)=x0.5 Lottery A Probability 0.50 0.25 0.25 Outcome 64 16 0
Q: For a Saturday matinee, adult tickets cost $7.50 and kids under 12 pay only $5.00. If 110 tickets…
A:
Q: 3. Total cost is the a. amount a firm receives for the sale of its output. b. fixed cost less…
A: In a market, total cost is associated with the production of goods and services by a firm as it is…
Q: Cooperation in a Finite Game We have seen that if we play the Prisoners' dilemma with finite…
A: A Finite Game is defined as a game where there are fixed number of players, the players have a fixed…
Q: 1. Sid is the CEO of a local power plant operating in monopoly market structure. a. Explain why the…
A: A monopolistic market is one that meets all of the requirements for a pure monopoly. A monopoly…
Q: The refers to the specific amount of income needed for a basic standard of living. poverty trap…
A: The amount required for a basic standard of living.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- If competition places discipline on costs, motivating firms to innovate and find more cost-effectiveways to produce, explain why in some markets asingle firm without competitors will produce ata lower cost than if the firm faced competition.What is a Process of Deciding on a Competitive Approach? What is a Strategic Thinking of Deciding on Competitive Scope? Why is it important?How are the 10 decisions altered to build two distinct strategies in the same industry?
- Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $100. Her variable costs are $1,000 for the first thousand posters, $800 for the second thousand, and then $750 for each additional thousand posters. Instructions: Enter your answers rounded to two decimal places. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? $ What if she prints 2,000 posters? What if she prints 10,000 posters? b. What is her ATC per poster if she prints 1,000? What if she prints 2,000? What if she prints 10,000? 2$ c. If the market price fell to 70 cents per poster, would there be any output level at which Karen would not shut down production immediately? |(Click to select) ♥ %24Will a perfectly competitive market display productive efficiency? Why or why not?(1) Would you characterize Industry 4.0 as arevolution or more of an evolution? Why? (2) Whymight various companies have an interest inpromoting Industry 4.0 as a conceptual “brand”?
- 2. Two cereal firms that set prices and sell differentiated products propose to merge. Firm 1sells CrunchyCrunch for a price of $10 with a marginal cost of $6. Firm 2 sells FibryFibre for aprice of $12 and a marginal cost of $6.(a) When the price of CC rises, 20% of its lost demand goes to FF. What is the marginal costreduction for CC that is required to offset the upwards pricing pressure on the CC price?(b) You are employed as a consultant by the merging firms. You know that the DOJ knowsthat the marginal cost of FF will fall by 50 cents as a result of the merger, but that the agency isunsure of the diversion between FF and CC. How small will you need to claim that the diversionis in order for there to be no net upwards pricing pressure on the CC price?Karen runs a print shop that makes posters for large companies. It is a very competitive business. The market price is currently $1 per poster. She has fixed costs of $250. Her variable costs are $1,800 for the first thousand posters, $1,500 for the second thousand, and then $900 for each additional thousand posters. a. What is her AFC per poster (not per thousand!) if she prints 1,000 posters? What if she prints 2,000 posters? What if she prints 10,000 posters? b. What is her ATC per poster if she prints 1,000? What if she prints 2,000? What if she prints 10,000? c. If the market price fell to 85 cents per poster, would there be any output level at which Karen would not shut down production immediately? Yes/NoWhat term refers to companies shaping their actions based on what their competitors do? O allocative efficiency long run equilibrium mutual interdependence productive efficiency
- Refer to the graph shown, which depicts a perfectly competitive firm that maximizes profit. If the prevailing market price is $4: Price 8765432-0 1 ง C MC ATC 0 20 40 60 80 100 120 Output per day Show Transcribed Text LRAC Group of answer choices Economic profits are $500 and the quantity supplied from the firm is 200 units per day. Economic profits are $0 and the quantity supplied from the firm is 100 units per day. Economic profits are $100 and the quantity supplied from the firm is 100 units per day. Economic profits are -$100 and the quantity supplied from the firm is 80 units per day.MC and MR Table 2.1: information Quantity MR MC 1 $8.00 $6.00 $8.00 $7.00 $8.00 $8.00 $8.00 $9.00 $8.00 $10.00 Refer to Table 2.1. At an output level of 3 units, this competitive firm should production -in order to maximize profits. O change O No answer text provided. ONo ansvwer text provided O not changeMC and MR Table 2.1: information Quantity MR MC 1 $8.00 $6.00 $8.00 $7.00 $8.00 $8.00 4 $8.00 $9.00 $8.00 $10.00 Refer to Table 2.1. At an output level of 3 units, this competitive firm should production -in order to maximize profits. O No answer text provided. O change O No answer text provided Onot change
