The table above is for a monopolistic competitive firm. What will the firm's profit equal in the short run? Question 3 options: $0 $91 $102 $228
Q: What would be the primary advantages of eliminating the role of the federal government in the…
A: The answer is as follows:-
Q: Suppose the price elasticity of demand for oil is 0.3 in the short run and 0.8 in the long run. a)…
A: In the short run, the price elasticity of demand (PED) for oil = 0.3 In the long run, the price…
Q: Why is the short run marginal cost curve U- Shaped?
A:
Q: An annuity offers a payment of $5000 at the beginning of every three months for twenty years.…
A: An interest rate refers to the amount charged by a lender to a borrower for any form of debt. It is…
Q: Q2. When do economists say that a consumer is in equilibrium, what factors can distort the…
A: 2)The phrase "consumer equilibrium" describes a situation in which a consumer is totally satisfied…
Q: Consider a market with M= 2 consumers and L = 2 goods. The preferences of each consumer are u₁(x₁) =…
A: Edgeworth Box shows the endowments of two commodities between two consumers which are presented with…
Q: 10. Calculate a joint probability given data: -Sample of 9000 firms. 6000 have CEO with Bachelor's…
A: Answer x=CEO has a Bachelor's Degree or a Ph. D related event =CEO with Bachelor's degree+CEO with…
Q: Ranjit has applied for a mortgage loan to buy a $ 501000 house. The bank will require a 20% down…
A: A mortgage loan basically refers to type a secured loan that enables you to borrow money by pledging…
Q: Question 1 Efficiency means that Group of answer choices society is getting the maximum benefits…
A: The output of a market economy is goods and services. Services are tasks performed for the benefit…
Q: Corporations often offer ________ to investors as some tangible evidence that the corporation is…
A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…
Q: The long-run AS curve is given as Y =100. a) Derive the SRAS curve. (Note: The value of EP is not…
A: PLEASE FIND THE ANSWER BELOW. SRAS CURVE: The Short-Run Aggregate Supply Curve (SRAS), shows that…
Q: The ________ marginal product of labor occurs because the amount of fixed inputs per labor declines…
A: In the short run, the capital is fixed and only labor is the varaiable input, and there are returns…
Q: What happens to GDP if the investment icreases by 100 with MPC = 0,8 and tax 20%?
A: Given: Investment level increases by = 100 MPC = 0.8 Tax = 20% To Find: The GDP level:
Q: Suppose the following: Bond A Bond B Face Value $100 $100 Price 98 105 Coupon Rate 7% 12% Which bond…
A: Answer;
Q: Question 2 If o1 = [0.3, 0.7] is a best response to o2 then what is o2D?
A: since you have asked multiple questions and according to policy we can solve only 1 question and for…
Q: What do you think would happen to a country's economy if there is too much imported goods?
A: International trade is the sale and purchase of commodities and services between countries…
Q: The following table displays the average cost of pr6U sagood at Output (units) Average Cost (5) 940…
A: Long run Average cost curve (LRAC) LRAC is also known as Planning curve. It shows the minimum total…
Q: Churches have been considered as lucrative business in the country. Do agree with the idea that…
A: At the marketplace, lucrative business refers to. The one that has the ability to generate profit…
Q: Identify and explain the three theories of the term structure of interest rates, including any…
A: b. When short-term debt securities with the same credit risk level have greater yields than…
Q: Compare and contrast the Market-Based economic system vs. the Collective-Ownership system
A: The two opposites of economic activity organisation are market economies and command economies.…
Q: Consider a market for used computer printers, where buyers value good ones at $1,000 and bad ones at…
A: Cost of warranty per month for Good types is $20 Bad type is $ 45
Q: Assume that consumers view tax preparation services as undifferentiated among producers, and that…
A: The correct answer is given in the second step.
Q: Suppose that consumption is 70 million and disposable income is 350 and that the economy is…
A: A recessionary GDP gap refers to when natural GDP is higher than actual GDP. This implies actual GDP…
Q: What is the poverty trap? Group of answer choices A)The situation where government assistance can…
A: The correct option is D. The poverty trap occurs when a person is poor, and structural…
Q: The challenge of how to achieve the highest possible satisfaction of needs using scarce resources is…
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the…
Q: Costco sells paperback books in their retail stores and wanted to examine the relationship between…
A: The regression analysis gives the relationship between one variable (dependent) and another variable…
Q: Are Covid-19 rapid antigen tests a Monopoly, oligopoly or a perfectly competitive market
A: When the corona was first introduced, the government was the only one who conducted this test.
Q: It was reported in the New York Times that the China's State Council has encouraged more spending to…
A: The curve that depicts various combinations of goods and services that could be produced in an…
Q: A consumer has an income of $400 and is deciding between two products: X and Y. Assume that the X…
A: Budget constraints All the possible combinations of goods and services that a consumer can acquire…
Q: (Use Table 1) Harold has a comparative advantage in and Wilhelmina has a comparative advantage in…
A: Comparative advantage refers to the ability of an individual or country to produce the good at a…
Q: Participation Question 7: • A consumer derives utility from consuming integer units of Good X and…
A: as total utility of goods are given to us we have to find marginal utility of 2 unit of good X
Q: 2. Table shows a relationship between price and quantity demanded and quantity supplied for goods…
A:
Q: Suppose there are two countries: Korea and Japan. These countries can each produce two goods; TV and…
A: There are two countries with different marginal productivity for Tv and pens
Q: The cost of oil could decrease for the residents of countries that have to import fossil fuels. Why…
A: The cost of oil would rather increase for the residents of countries that have to import fossil…
Q: Solve for the optimal strategies and the value of the following game:
A: Given, Two Players : A and BA's Strategies : A1, A2, A3, A4, A5 and A6B's Strategies : B1, B2 and…
Q: Unemployed workers are willing to work at the wage employers pay their employees.
A: The labor force is the summation of employed workers and unemployed workers. The employed workers…
Q: For each of the following, explain the effect on a) current account OR capital account b) balance of…
A: National income is the total amount of money that is earned in a country. National Income = C + I+ G…
Q: lect one: True False
A: Inflation is the pace of expansion in costs throughout a given timeframe.
Q: The Reinheitsgebot is a set of laws established in the 1500s that regulate the production and sale…
A:
Q: Treasury securities are less liquid than debt securities issued by a small firm. true or false
A: Treasury securities are less liquid than debt securities issued by a small firm. - FALSE
Q: 900- 800- 700- 600- 500- 400- 300 200- 100- 400 800 1200 1600 2000 2400 2800 Number of farmers
A: The marginal product refers to the change in the total output when the one additional unit of labour…
Q: A tax is placed on beer and sellers have ended up bearing most of the burden of this tax. Why is…
A: When a tax is placed on the good, quantity exchanged in the market decreases. Buyers pay higher…
Q: How does a change in price affect the demand and supply of a product?
A: Price of the good refers to the number of units of money which the consumers have to pay to get the…
Q: Mr. and Mrs. Ward typically vote oppositely in elections and so their votes "cancel each other out."…
A: We have 2 players, with two options vote and not vote. Dominant strategy is the strategy that gives…
Q: Think back to Econ 201, oligopolies, and game theory. Use the figure below to answer the following…
A: Dominant strategy: its a strategy that gives maximum payoff to a player irrespective of what other…
Q: Consider the following events: Scientists reveal that eating oranges decreases the risk of diabetes,…
A: Equilibrium in the market is achieved by the interaction of demand and supply curve . It determines…
Q: Consider a market for used bicycles, with high and low quality. Sellers value high quality at $260…
A: * SOLUTION :-
Q: are the manager of a monopoly that sells a product to two groups of consumers in different parts of…
A: A market structure described by a solo seller, selling a different product in the market. In a…
Q: Why is it necessary to know the process and policies foreign exchange rate?
A: In International trade, exchange rate is defined as the rate at which the currency of one country…
Q: Jane has a budget of I dollars and is deciding how to invest over the three healthcare-related…
A: Given information U=M1αM2βM3γPrice of M1=P1Price of M2=P2Price of M3=P3Consumers income=I
The table above is for a
Question 3 options:
|
$0 |
|
$91 |
|
$102 |
|
$228 |
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Quantity of Utensils demanded Revenue Price of Total Marginal Utensil Revenue $50 100 $45 200 $40 300 $35 400 |$30 500 $25 600 $20 700 $15 800 $10 900The following graph illustrates the weekly demand curve for motorized scooters in Roanoke. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 260 240 220 200 180 160 140 120 100 80 60 40 20 0 0 9 18 27 A X B Demand 36 45 54 63 72 81 QUANTITY (Scooters) 90 99 108 117 Total Revenue ?Need within 1 hour please...
- GivenMonthly rent25,000Monthly Salary/employee10,000Market price of slippers520Total units sold20,000 Solve for the followingTotal RevenueTotal CostProfit/Loss (indicate if its a profit or loss)We have the results from our first Facebook ad campaign. The following table summarizes the results broken down by age and whether the person seeing the add clicked through. Age 40 or under 85 Age more than 40 65 Total Clicked Through 150 Did Not Click 590 260 850 Total 675 325 1000 For our up(combing) (pun intended) campaign, I want to make it as effective as possible, a cut above all other ad campaigns! I'm thinking that since 85 (or 56.7%) of the 150 people who clicked through to our website are age 40 or less, we should focus our ads to only younger people. I'm not great with number though, and since I know you had a stats class in college, I wanted to get your opinion. Should we focus our adds only to those age 40 and under or should we do something else?As part of its bankruptcy restructuring, General Motors (GM) launched an ad campaign that revealed glimmers of a streamlined GM: fewer brands (Cadillac, Buick, Chevrolet, GMC) and fewer models within each brand A. What research would you have done to determine which vehicle models GM should retain and which it should drop? B. What would you have measured and with what type of measurement scale?
- The following graph illustrates the weekly demand curve for motorized scooters in Madison. Use the green rectangle (triangle symbols) to compute total revenue at various prices along the demand curve. Note: You will not be graded on any changes made to this graph. PRICE (Dollars per scooter) 325 300 275 250 225 200 175 150 125 100 75 50 25 0 0 10 A + 20 30 X B Demand 40 50 60 70 80 QUANTITY (Scooters) 90 100 110 120 130 Total Revenue ?please fast 16.Quantity/Output Total Fixed Cost Average Fixed Cost Total Variable Cost Average Variable Cost Total Cost Average Total Cost Marginal Cost (units) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) (dollars) 0 $50 $0 10 $50 $20 25 $50 $40 45 $50 $60 60 $50 $80 70 $50 $100
- Factor which affects market demand but not individual demand can be: (a) Number of consumers in the market (b) Age and sex composition of population (c) Distribution of income (d) All of the aboveBriefly defineOn the following graph, use the green point (triangle symbol) to plot the weekly total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per scooter. TOTAL REVENUE (Dollars) 2610 2430 2250 2070 1890 1710 1530 1350 1170 990 Δ ΔΔ Δ 0 25 50 75 100 125 150 175 200 225 250 275 300 325 PRICE (Dollars per scooter) Total Revenue ? According to the midpoint method, the price elasticity of demand between points A and B is approximately 0.69 ▼ Suppose the price of scooters is currently $125 per scooter, shown as point A on the initial graph. Because the demand between points A and B is inelastic , a $25-per-scooter decrease in price will lead to a decrease in total revenue per week.