A monopolist faces the demand curve P = 18 – Q, where P is measured in rands per unit and Q in thousands of units. The monopolist has a constant average cost of R6 per unit. 3.1 What are the monopolist’s profit-maximising price and quantity and what is its resulting profit? (8) 3.2 Calculate the firm’s degree of monopoly power using the Lerner index.

Q: When a foreign currency/the Euro depreciates a. Foreign goods become more expensive for Americans b.…

A: It is said that foreign currency/the Euro depreciates. We are asked that what will happen to the…

Q: 17. There are two firms selling smartphones (oligopoly market), Firm A and Firm B. Each can set…

A: We have 2×2 prive game between two players.

Q: A company is analyzing a make-versus-purchase situation for a component used in several products,…

A: Option A:- Cost of purchasing = 10000*$9.31 per item = $93100

Q: Question The Bank of Canada introduces an unexpected increase in the money supply. Answer the…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Bluefin tuna are: rival and nonexcludable. nonrival and excludable. O rival and excludable. nonrival…

A: A rival good is a product or service that can only be owned or consumed by one individual.When a…

Q: The associated estimates are summarized below: $75,000 nnual receipts nnual expenses $45,000 seful…

A: *Answer:

Q: The following diagram illustrates the cost and revenue curves of a monopolistic competitive firm.…

A: Optimal profit occurs when Marginal Revenue is equal to the Marginal Costs. The marginal Revenue and…

Q: Explain in words why the structural budget might show a surplus while the actual budget is in…

A: Actual Budget The term "actual budget" refers to the government's predicted expenditures and income…

Q: A new project will cost $25210 initially and will last for 7 years, at which time its salvage value…

A: Capital budgeting refers to the process that is undertaken by a business for the evaluation of the…

Q: 4. Us and IS graph, MP graph and LRAS/SRAS/AD graph to show the effect of a decrease in taxes on…

A: The aggregate demand curve shows the inverse relationship between the price level and the total…

Q: Suppose all the people below have a job. Which one of them would not be considered part of the…

A: The Bureau of Labor Statistics (BLS) usually uses the phrase "civilian labor force" to describe the…

Q: 6. A paper mill discharges chemicals into a river that washes the shores of a downstream resort…

A: MSC>MPC implies there is negative production externality.

Q: The Steel was sold $650 / ton in the U.S.; the same type of steel was sold for Euro 400/ton. If the…

A: Nominal exchange rate is expressing the price of one currency in terms of another. Real exchange…

Q: Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange…

A:

Q: (47). If the federal budget were balanced annually O. monetary policy would become the chief tool…

A: Since you have asked multiple question, we will solve the first question for you . If you want any…

Q: The iron triangle means there are inevitable trade-offs between the three key aims of welfare…

A: During the policy-making process, an iron triangle is a concept used to characterize the interaction…

Q: Two investments involving a virtual mold apparatus for producing dental crowns qualify for different…

A: Investment A: Cost = $54,900 Time = 9 years Annual operating cost = $150,000 3 year property class…

Q: Suppose the per-worker production function is given as follow. y- 6kh2/a, where k- (physical)…

A: Ans.  Given: The per-worker production,  y = 6k1/3h2/3…

Q: Define price elasticity and discuss why it is important for marketers to understand this concept.

A: Elasticity is used to calculate the relative change in the amount demanded of a good because the…

Q: Calculate Kenji's marginal revenue and marginal cost for the first seven shirts he produces, and…

A: Given:- Market price=$20 Kenji's Marginal revenue and Marginal cost for the first 7 shirts he…

Q: A monopolist maximizes profit by producing:   Group of answer choices   on the inelastic portion…

A: (Q) A monopolist maximizes profit by producing: Group of answer choices on the inelastic portion of…

Q: Discuss the type of price control that can be implemented by a government to protect vulnerable…

A: Price control is a method followed by the government to ensure that the consumers and producers are…

Q: Solve the system of equations. Write your final answer as an ordered triple. 4x - 3y + z = -10 2x +…

A: We have 3 varaiables with 3 equations.

Q: (c) The GDP deflator is a price index that does not have a base period. Evaluate the reliability of…

A: The GDP (gross domestic product) price deflator, also known as the GDP deflator or the implicit…

Q: 2. Determine the ORDINARY SIMPLE INTEREST on P700 for 8 months if the rate of interest is 15%.

A: Here,  principal amount = 700 Time period = 8 months = 0.667 Rate of interest = 15%

Q: A standard ride on a Met Council MetroTransit bus costs $2.00. Bus transportation typically has low…

A: Elasticity of demand refers to the responsiveness of change in demand with respect to the change in…

Q: 3. Suppose that QED Inc.'s production function is given by F(L,K) = 4.L¹/2K¹/2, where L denotes the…

A: QED production function : F(L ,K ) = 4L0.5K0.5 Cost constraint : C = Pl*L + Pk*K Optimization…

Q: 1) Complete the table. Price Quantity Total Marginal Fixed Demanded Revenue Revenue Cost 18 600 17…

A: Total Revenue is the product of price and quantity demanded. TR=PxQ Marginal Revenue is the…

Q: 1. In the short run marginal product is diminishing because: A. barriers to entry prevent new firms…

A: If we consider labor as an input, the marginal product of that input may be defined as the…

Q: MC P. ATC P, AVC P2 P, 18. Refer to the above diagram for a purely competitive producer. The lowest…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Which curve doesn’t have u-shape

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: A price ceiling is a government policy that makes it illegal to charge a price   Question 17…

A: Equilibrium occurs at a point where quantity demanded equals quantity supplied.

Q: 76. If 60% financing is available on a certain income property at a loan constant of 11%, what…

A: Equity is the amount of money an owner might get if they sold anything they own.Equity may be used…

Q: According to Bernanke’s policy guide,   Bernanke’s policy guide: 1/4 point reduction in long-term…

A: Fiscal policy is described in macroeconomics as a set of policies implemented by a government to…

Q: . Externalities. Answer true or false, and give a brief explanation (one sentence only). a.…

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

Q: CHECK ALL THAT APPLY: A change in input prices the price of a complement good consumer income…

A: Supply: Supply for a commodity can be defined as the number of goods and services that are being…

Q: Minerals 25 (millions of tons) 20 15 10 5 0 5 10 15 20 25 Grapes (millions of tons) Figure 1…

A: An economy is always confronted with the issue of resource allocation, or choosing which resources…

Q: (a) Suppose real GDP per person falls during a devastating recession, which in turn causes…

A: GDP: The gross domestic product, or GDP, is a measurement of the total value of all products and…

Q: Programs, such as education and on-the-job training, that improve labor productivity are unproven.…

A: The programs which are for labor like to educate them and provide them on-the-job training, are for…

Q: If the government sets a price ceiling in the market for fuel oil that falls below the equilibrium…

A: Answer: Price ceiling: price ceiling refers to the legal maximum price set by the government that…

Q: The demand for a monopoly's output is p = 50 - Q. A single firm in this industry has a production…

A: Answers   We have the following information Demand: P = 50 – Q where P is price and Q is quantity…

Q: Assume that you buy a 1-year, 210,000-peso Philippine bond that pays 7 percent when the exchange…

A:

Q: Which of the following pairs of goods are most likely to have a negative cross-price elasticity of…

A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…

Q: 2. In a closed economy with no government, a $1 billion increase in initial spending leads to a $5…

A: Given: Increase in total spending-$1 billion Increase in total income-$5 billion

Q: с. $20,000 for 5 years @2.25% annual interest, compounded monthly.

A:

Q: In the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per…

A:

Q: i) What type of global currency system do we have today and how would you characterize it?

A: In international market, global currency is that currency which would be transacted…

Q: 4. Analyse the concept of morality and its relation to human conduct. 5. Discuss TWO (2) ethical…

A: Ethical problems in business encompass a large array of areas within an organization’s ethical…

Q: Consider an economy described by the following equations: C = a + b(Y – T) | = cY – di + e Md = fY –…

A: Answer;

Q: Assume the nominal tariff rate on the imported input is 0.16 and the nominal tariff rate on an…

A: Given  Nominal tariff rate on imported input ti = 0.16 Nominal tariff rate on imported final product…