Suppose a bar in a remote mining town is the only bar within one hundred kilometres and so is a monopoly. The bar has a short run cost function 𝐶(𝑄) = 6𝑄 100 and the market demand for its drinks is 𝑄 = 400 − 40𝑝 where Q is the number of drinks and p …
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Question: Sea cucumbers are plentiful off the coast of Hong Kong. Any diver can harvest them with very little equipment. Once plucked off the ocean floor, the sea cucumber cannot be re-harvested by another diver. By definition, sea cucumbers are: Select one: a common resource a non-excludable, non-rival good an externality-generating good a public goodSee …
Sea cucumbers are plentiful off the coast of Hong Kong. Any diver can harvest Read More »
Question: 1. The central bank of the U.S, the Fed was established in 1913. Briefly explain: (2 points) a. Why was the Fed established? b. What are the Fed’s goals? c. Does the Fed target inflation or interest rates? d. Why the Fed uses monetary policy targets?Show transcribed image text 100% (1 rating)I have answered …
1. The central bank of the U.S, the Fed was established in 1913. Briefly Read More »
Question: need help calculating the marginal revenue and answering the questions below and are my calculations correct?1.What is the profit-maximization rule for a firm?2.Based on your answer to #1, what is the profit-maximizing rate ofoutput for the firm? (Be sure to specify how often that amount isproduced!)3. Basedneed help calculating the marginal revenue and answering …
need help calculating the marginal revenue and answering the questions below and are Read More »
Question: 4a) Estimate the model specified above and write down the estimated equation in the form stack 4b) Provide an interpretation for each of your regression coefficient estimates, in the context of this problem. 4c) Calculate the estimated change in wage due to 4 additional years of education. 4d) Calculate the coefficient of determination R-Squared, …
4a) Estimate the model specified above and write down the
estimated equation in the form Read More »
Question: 1) Suppose the market price for a firm’s product is ( $ 2 ), and the firm’s technology is given by the production function ( Q=4 K^{frac{1}{4}} L^{frac{1}{4}} ). a. Derive the firm’s short run demand for labor (in terms of ( w ) ), when ( r=2 ) and ( bar{K}=16 ). Check …
1) Suppose the market price for a firm’s product is ( $ 2 ), Read More »
Hello, the last tutor provided 6 wrong answers. Please help me This quiz covers materials from Module 3: The Production Decision Flag question: Question 1Question 12 pts The ________________ arises when a price changes because consumers have an incentive to consume less of the good with a relatively higher price and more of the good …
Question: The consumption of alcohol is often cited as an example of negative externality. Explain a situation in which the consumption of alcohol would be considered to be a negative externality in 1 -4 sentences.The consumption of alcohol is often cited as an example of negative externality. Explain a situation in which the consumption of …
Question: Suppose the demand curve for a product is given by: [ mathrm{Q}=300-2 mathrm{P} 41 text {, } ] where ( mathrm{I} ) is average income measured in thousands of dollars. The supply curve is: [ mathrm{Q}=3 mathrm{P}-150 . ] If ( I=25 ), find the market-clearing price and quantity for the product. The market-clearing …
Suppose the demand curve for a product is given by: [ mathrm{Q}=300-2 mathrm{P} 41 text Read More »
Question: A high-speed electronic assembly machine was purchased two years ago for ( $ 50,000 ). At the present time, it can be sold for ( $ 25,000 ) and replaced by a newer model having a purchase price of ( $ 42,500 ); or it can be kept in service for a maximum of …
A high-speed electronic assembly machine was purchased two years ago for ( $ 50,000 Read More »
