Assume that the flour market is perfectly competitive and the price of flour is determined by the market at $9 per kg. Tony owns a mill and sells 10 kg of flour per day. At this output 10 kg, Tony has an average variable cost of $6, an average fixed cost of $2 and a marginal cost of $8 per day. Calculate Tony’s profit or loss at the output 10 kg of flour per day. What should Tony do if he wishes to earn more profit? Explain.

(b) Suppose that the tofu market is perfectly competitive and Omega is one of the many tofu producers in the market.

(i) Initially the tofu market is in a long-run equilibrium. Draw a diagram for the tofu market and a diagram for Omega to explain the long run equilibrium situation.
(ii) Omega discovers a method to significantly reduce both the fixed costs and the variable costs of tofu production. How will this discovery affect Omega and the tofu market in the short run? Explain with suitable diagrams for the tofu market and Omega.
(iii) Describe what will happen at the tofu market in the long run.

2. For the figure shown, answer the following questions:

1. What is the expenditure multiplier in this economy?
2. What is the marginal propensity to consume in this economy?

Question 1 Chepa’s utility function is given by U(x,y) = lnx + 4lny. Assume that Chepa has endowments (10,10) and that P_y = 10 throughout the problem.

1. (Note: this part of the question is intended to reduce your workload. If you prefer not to work with a general demand function but calculate the demand separately for each of the cases, you can do this part after part (f).) Given P_y = 10, solve for the optimal bundle for Chepa as a function of P_x and money income M.
2. Express Chepa’s endowment income as a function of P_x. Using this expression and your answer to (a), find the range of values of P_x such that Chepa will be a net seller of good x.

How to make a supply function?

Under what circumstances would you expect a rise in national income to cause a large accelerator effect.

Suppose inflations expectations increased in an open market economy.

1- how does it affect nominal exchange rate in the short run? (increases, decreases, or stays the same)

2- how does it affect real exchange rate in the short run? (increases, decreases, or stays the same)

Explain. Assume that the country is operating under floating exchange rate regime.

Discuss the economic shock caused by the COVID-19 pandemic. Discuss the economic policy responses implemented so far, and any possible further economic policy responses.

There are a number of factors which can influence a consumer’s buying behaviour. What do you think are the important influences in respect of purchases of financial products?

If injections exceed withdrawals, will GDP go on rising indefinitely, or will a new equilibrium be reached? If so, explain how

Options: Current Account Debit, Current Account Credit, Capital Account Debit, Capital Account Credit

1. Foreign freight and shipping services purchased by a Canadian exporter from a foreign transportation firm

2. Japan purchases more Canadian lumber products

3. Nova corporation of Canada sells a new stock issue to a Chinese investor

4. The purchase of insurance from Lloyds of London

5. The hotel bill of a Canadian tourist in Rome

6. Expenditures abroad by Canadian tourists

7. $15,000,000 sale of natural gas by PanCanadian to an American utility company

8. The import of a BMW automobile

Some real word examples about businesses in MEDIA INDUSTRY that successfully benefit from churn prediction (profit increase, company growth etc.) Kindly give the source/ link of those cases as well.

Thank you so much.

Which of the following is true for monopoly?

Question 41 options:

The marginal revenue curve lies above the demand curve

The marginal revenue curve lies below the demand curve.

Economic profits are zero in the long-run.

Marginal revenue equals price.

Price elasticity of demand is defined as

Question 47 options:

The percentage change in quantity demanded divided by the percentage change in price.

The percentage change in price divided by the change in quantity demanded

The percentage change in price divided by the percentage change in quantity demanded.

The change in quantity demanded divided by the percentage change in price

When Marginal utility diminishes, total utility:

Question 48 options:

Increases at a diminishing rate

Diminishes

Stays constant

Increases

Question 49 (4 points)
If consumer incomes go up and laundromats are an inferior good, the effect on the demand for laundromats, ceteris paribus, will be a (an):

Question 49 options:

decrease in the quantity demanded of laundromats

increase in the demand for laundromats

increase in the quantity demanded of laundromats

decrease in the demand for laundromats

A characteristic of an oligopoly is:

Question 50 options:

Few firms exhibiting mutual interdependence

Many firms with independent pricing decisions.

Single firm with control over price.

None of the above.

what goods and services market, labor market and financial market?
connect the components of each market?