Say you are part of the government and found that there is a presence of a cartel; explain the actions should the government take or even the firms present in the industry to break the formation of the cartel?

Q: The table describes an economy's labor market. What are the equilibrium quantity of labor employed…

A: Equilibrium is where demand equals supply. Or we can say equilibrium is where demand curve…

Q: Discuss economic and policy factors that explain why racial discrimination is more likely in law…

A: Introduction  A labor market is a place where workers and employees interact with each other. In…

Q: The elasticity of demand for a firm’s product is -2.5 and its advertising elasticity of demand is…

A: Profit maximization is the act of accomplishing the highest revenue or profit. The level of sales…

Q: Which of the following is are the three jobs of money? (Check all that apply)   A. Medium of…

A: According to definitions used in economics, money is a commodity that acts as a store of value and a…

Q: The Fed Group of answer choices issues deposits to the public. lends money to foreign governments.…

A: The FED is the primary organisation in charge of managing the nation's monetary policy through…

Q: Suppose there is no population or technological growth. Define k as the capital-to-labor ratio. If…

A: The Solow growth model gives steady-state points at which all key variables of the model are growing…

Q: Company ABC is considering investing in a project whose initial cost is $185000. It saves $42000 in…

A: Given     Initial cost (FC) -$185,000 Salvage value (SV) $13600 Useful life 7 years…

Q: Reilly's Law/trade area capturing The city Riverside wants to know how many customers it has…

A: Trade refers to the exchange of goods and services between different nations. When a nation is…

Q: Match the product to the category in which it belongs. WORD BANK Club good, Common reosurce, private…

A: Goods can generally be classified into four types based on excludability and rivalry in consumption.…

Q: Suppose a competitive industry has 1,000 identical firms. After years of firms entering and exiting…

A: In perfect competition ,  The profit is maximized where P = MC.  In long run ,  Equilibrium is where…

Q: What does the contract curve in an Edgeworth production box signify? Why do competitive markets…

A: The Edgeworth box takes into account a two-person, two-good "exchange economy." An Edgeworth box,…

Q: Why would the types of policy choices we normally might say are poor stimulative policies (such as…

A: Economic stimulus refers to the actions taken by the government to stimulate the economy of the…

Q: a. Suppose that 2019 is the base year. Calculate the price index for 2018, 2019 and 2020. b.…

A: The price index is one of the measures to determine the changes in the prices of goods and services.…

Q: Calculate the benefit/cost ratio at i-5% for a highway project. The first cost is $150,000 and O&M…

A: B-C ratio is the benefit to cost ratio.  B-C ratio is calculated by dividing the  net cost from net…

Q: Two firms constitute the entire doghouse industry. One has a long run cost curve of 3 + (4y2/3) and…

A: Supply curve of a firm is determined by the range at which price is equal or greater than the…

Q: 164 Indians CHAPTER 4 REGRESSION MODELS 9 (a) Develop a regression model to predict the price of…

A: The regression model tells about the relationship between the dependent variable(Y) and one or more…

Q: In the short run, at a market price of $20 per wind chime, this firm will choose to produce On the…

A: In perfect competition ,  Firm will produce where P = MC  P is  the market price  MC is the marginal…

Q: 4-30 In 2012, the total payroll for the New York Yankees was almost $200 million, while the total…

A: Payroll is the sum of all the benefits that a company is required to deliver to its workers on a…

Q: Design Alternatives A B $100M $160M $220M $20M $40M $ 60M $8M $18M $25M 0 Initial Investment Annual…

A: BC ratio i.e. Benefit cost ratio is the ratio between annual benefits received for every unit of the…

Q: a. If the firm wishes to maximize its total revenue, at what price should it sell its pots? What is…

A: Elasticity refers to an economic concept used to calculate the change in the aggregate quantity…

Q: The ratio of all levels of government spending to GDP in the United States is about percent. O 40 50…

A: Government expenditure as a percentage of gross domestic products (GDP) is an approach to assess a…

Q: Which of the following are the four influences on the demand for money? (Check all that apply)…

A: Demand for money means that money is demanded as physical cash, current account and savings account…

Q: "deposits at other banks (shown as asset of commercial bank) is usually deposits from small banks at…

A: A financial institution which provides loans to the public and accepts deposits from them for…

Q: Use the following payoff matrix for a one-shot game to answer the accompanying questions.…

A: Player 2     Strategy X Y Player 1 A 30,30 16,-50 B -50,16 50,50

Q: Explain what happens to consumption, investment, and the interest rate when the government increases…

A: Tax amount is the is the amount the is charged by the government inthe firm of tax.  Consumption and…

Q: You have data on the average productivity of workers for firms across Australia. You also observe…

A: A sequence (or a vector) of random variables will be considered to be homoscedastic in statistics…

Q: Which of the following conditions is most likely essential for implementing a successful market-…

A: Pricing strategy is important in every business. Firms set pricing in such a way that the price…

Q: 3. Suppose a firm's total cost curve is TC= 10Q² + 6Q+ 60, and MC=20Q + 6. 1. Find expressions for…

A: A firm faces two types of costs which are fixed and variable costs. Fixed cost is not dependent on…

Q: Currency held outside banks + demand deposits + travelers checks + other checkable deposits = Group…

A: The money supply alludes to how much cash or currency coursing in an economy. Various proportions of…

Q: Y (t) = (K (t))ª (L(t))¹-α L(t) L(t) = K(t) L(t) ced output, K (t) is the stock of capital, L(t) is…

A: The Solow growth model is an alternative to the Harrod-Domar growth model. The Solow growth model…

Q: 3. Angstrom Technologies intends for the company to use the newest and finest equipment in its labs.…

A: Initial Cost of up-gradation = 43000 Operating cost in year 1 = 22000 Operating cost in year 2  =…

Q: _________________ are a unit of measurement in which the relative value of goods and services can be…

A: Money is anything that is used for payment by people.  It has three primary functions: Medium of…

Q: What is a monopsony? What distinguishes a monopsony from a competitive employer of inputs

A: In a market structure, buyers and sellers get together to negotiate the terms of the commodities and…

Q: 6. Consider below the Marginal Cost of an existing machine and the Equivalent Uniform Annual Cost…

A: Replacement analysis is used to determine the replacement time for an old machine. For the…

Q: In this market, the equilibrium price is Price (Dollars per box) 35 For each of the prices listed in…

A: Equilibrium is where Demand curve intersects supply curve.  When the quantity demanded is greater…

Q: 4. Profit maximization and loss minimization Lagatt Green is a monopoly beer producer and…

A: Monopoly is viewed as one of the market structures of the economy. At the point when there is a…

Q: 1. Consider a two player, simultaneous move game. The strategies available to each player and…

A: Pure strategy Nash Equilibrium: Nash equilibrium with 2 players is the strategy profile where both…

Q: The graph shows an economy's aggregate supply and potential GDP. On the graph, draw an aggregate…

A: Full Employment equilibrium refers to a point where full resource utilization is achieved. It is a…

Q: Bella bakes delicious cookies. Her total fixed cost is $48 a day, and her average variable cost is…

A: Total cost is the addition of Total fixed cost and Total variable cost. on the other Average total…

Q: How did the ECONOMIC factor of the PESTELE model lead Trump when assessing TikTok as a threat to…

A: PESTEL stands for political, economic, social, technological, ethical, legal, and environmental…

Q: ). Choose a wrong statement about the policies designed to reduce the catch. O Transfer costs…

A: Introduction  An economic policy is a course of action that is intended to influence or control the…

Q: An investment has the following cash flow series where interest is 7%: End of Year 0 1 2 3 4 5 6 7 8…

A: Present value is the value of investment in today's dollar Future value is the value of investment…

Q: Consider that there are two goods, good X and good Y. a) Give the definition of "indifference curve"…

A: In economics, the term "consumer preference" refers to the decisions that consumers make to maximise…

Q: Dena won $200 in the lottery. She deposits her $200 winnings into a money market fund so that she…

A: The money supply is the entire amount of money in circulation (cash, coins, and bank account…

Q: Question3 Imagine that you own a company that is a price taker with the production function:…

A: The marginal product of labor (MPL) measures the change in output due to a change in labor, keeping…

Q: only typed answer  Consider the following information: Q = 22 L + 57 K PL=52, PK=3, P=28 and C=4763…

A: The objective of a firm is to maximization of profits  This implies selling an optimized quantity of…

Q: You purchased a winning ticket for a $5 million lottery which pays $500,000 immediately and the rest…

A: Here in this question, To decide whether we have to go with the deal or not. We have to find the…

Q: What's the differrence between small-denomination time deposits and large-denomination time…

A: Time deposits are deposits that are deposited on the basis of a certain time period like 5 years, 10…

Q: 1. Explain three factors that have constrained the growth of the agriculture sector in recent times.…

A: Agricultural economics is the study of the allocation, distribution, and usage of agricultural…

Q: . Customer information that may be sold by banks include all of the following, EXCEPT   a. loan…

A: Banks holds information with respect to borrower loan history, its investments and bank balance it…