Economics question and answers for July 06, 2023
- Q Q1. Which of the following is directly included in the U.S. GDPfor 2020?i. 2020 Cadillac Escalade produced and sold as a new car in theUnited States in 2020ii. tires produced...
- Q Use the following to answer questions 6-10:Suppose that firms 1, and 2 are Cournot duopolists in the saltindustry. The market demand curve can be specified as Q=20-p,Q=q1+q2(The firms choose their...
- Q You have just been elected president of the United States, andthe present Chair of the Federal Reserve Board has resigned. Youneed to appoint a new person to this position, as...
- Q What new opportunities do Artificial intelligencetechnologies create, and what responses are needed to ensurepositive economic effects, inclusivity and equal access tobenefits?This is AI and robots related question, please explainme in...
- Q Give a feedbackA company that operates internationally is Apple inc. AppleInc is an American multinational technology company. Based on thearticle ‘’Apple Globalization and Global Strategic PlanningAssignment’’, the author stated that...
- Q Exhibit 25-3FirmsMarket ShareA7%B12%C3%D9%E10%F20%G6%H6%I14%J5%K5%L3%​Refer to Exhibit 25-3. The four-firm concentration ratio forthis industry isa.46 percent.b.49 percent.c.56 percent.d.44 percent.e.This cannot be determined without further information.Refer to Exhibit 25-3. The Herfindahl Index for...
- Q Assume there are two firms in two different industries. Themarginal cost of the first firm is $30, and its price is $38. Themarginal cost of the second firm is $22,...
- Q Describe the effects of a monopolist choosing to discriminatebetween two markets (assume a starting condition of equal prices inboth markets). Is it always possible to profit from this kind ofdiscrimination?...
- Q Answer the following questions about monopolists.What are the three reasons why monopolies arise? Give oneexample of a firm that is a monopoly and the reason why it is amonopoly.How does...
- Q One of the goals of the Affordable Care Act (ACA) was toincrease insurance coverage through a variety of policies. The ACAwas largely successful in reducing the number of uninsured in...
- Q give a full definition of the foreign exchange market?
- Q Suppose Boston wants to reduce childhood obesity. As part of itsplan, the city would impose a tax on sugary drinks like soda,Gatorade, etc because their consumption has been associated withchildhood...
- Q How much must be deposited in an account to have annualwithdrawals of $ 2607 forever? Interest is compounded quarterly andthe interest rate is 9% for the first 13 years and...
- Q Â Â Â Â Â Â Â PX = $9500Â Â PY =$10000Â Â I = $15000Â Â A = $170000Â Â W= 160This function is:Â Â Â Â Â Qs = 89830 -40PS +20PX +15PY +2I+.001A +10W1. Use the above to calculate...
- Q The long-run cost function for LeAnn's telecommunication firmis: C(q)=0.03q2. A local telecommunication tax of $0.01has been implemented for each unit LeAnn sells. This implies themarginal cost function becomes: MC(q,t)=0.06q+tIf LeAnn...
- Q Using applicable models, do a critical analysis of permanentincome hypothesis and random walk models and the difference betweenthe two model
- Q Consider the cost function C(Q) = 25000 + Q2 (or MC= 2Q) forApple Inc. to produce the iPhone. Note that the company has fixedcosts of $25,000. Also, the demand for...
- Q why did the British colonists fight a revolution?
- Q 3. OneOne of the basic principles of classical growth theory is thatover time, levels of economic activity should converge in mostcountries and that we would enjoy equal levels of prosperity....
- Q 4. Suppose we have a market for coffee and pastries.a. Graph the market (no need to give numbers for endpoints ofthe budget constraint) and show an optimal consumption bundle.b. Suppose...
- Q Why did Latin American countries in the latter half of the 19thcentury enter “neocolonial,†economically dependent relationshipswith European powers?
- Q An industry's inverse demand was P^D = 20 - 0.1Q and its inversesupply was P^S = 4 + 0.1Q.Calculate the consumer surplus, producer surplus, governmentrevenue and deadweight loss for taxes...
- Q A large manufacturing company in Jubail is consideringan electric power plant project in order to save on their electricpower consumption by generating its own power supply. The companycurrently uses 552,000...
- Q 7. Using the income elasticity of demand to characterizegoodsData collected from the economy of Cardtown reveals that a 13%increase in income leads to the following changes:•A 34% increase in the...
- Q All firms in an industry are identical with fixed costs (FC) of$160 and variable costs (VC) of$22q + 0.1q^2What is the equation of average variable costs?What is the equation of...
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