Questions
plese plz answer the all question 2,3 Q2. Describe the features of Perfect Competition and how...

plese plz answer the all question 2,3

Q2. Describe the features of Perfect Competition and how efficiency is achieved under Perfect competition.

Q3. Explain Product differentiation strategy under Monopolistic competition and how price and output is determined in a long run under Monopolistic Competition.

In: Economics

Options: Current Account Debit, Current Account Credit, Capital Account Debit, Capital Account Credit 1. Foreign freight...

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

In: Economics

Some real word examples about businesses in MEDIA INDUSTRY that successfully benefit from churn prediction (profit...

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.

In: Economics

Which of the following is true for monopoly? Question 41 options: The marginal revenue curve lies...

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.

In: Economics

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

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

In: Economics

What is moral hazard? List three things an employer might do to reduce the severity of...

What is moral hazard? List three things an employer might do to reduce the severity of this problem. Explain your answers. There should be +6 sentences (75 words) or you will not be given credit.

In: Economics

Two firms produce a similar product and are located 20 miles apart along a linear market....

Two firms produce a similar product and are located 20 miles apart along a linear market.

They have a constant marginal and average variable cost equal to 5 dollars per unit of output. It

costs one dollar to transport the product one mile. Consumers are uniformly distributed along the

market. Draw a graph of the market and indicate the optimal price for each firm to charge, how

much of the market each firm serves, and how much profits each firm receives. Explain how this

model generalizes to a circular market with free entry and variable location. What role do profits

play in establishing an equilibrium in the generalized model.

In: Economics

Explain how in an imperfect capital market where there is risk, that a low price-earnings ratio...

Explain how in an imperfect capital market where there is risk, that a low price-earnings ratio strategy may be able to generate excess market returns. Please discuss the asset pricing models we have covered in answering the question.

In: Economics

    31. The following is the annual demand function for good A:                 QDA = 400...

    31. The following is the annual demand function for good A:

                QDA = 400 – 20PA + 10PB + 0.01Y

where PA is the price of good A; PB is the price of another good, good B; Y is income.

  1. Is good A a normal good or an inferior good? Explain.
  2. Is good B a complement or a substitute for good A? Explain.

Assume that the current price of good B is £5, income is £50 000, and the annual supply function for good A is:

                QSA = 100 + 10PA

  1. Calculate the equilibrium price and quantity.
  1. Calculate price elasticity of demand if the price of good A rises by £5 from the equillibrium price and the demand decreases by 7% and what does this show about the product ?

  1. Calculate the price elasticity of supply if the amount supplied increases by 26.60 units (from the equillibrium) and this results in a decrease in price of 4%. Suggest what this figure shows              

In: Economics

How has mining, tourism and agriculture been affected by the Covid-19 corona virus In African countries...

How has mining, tourism and agriculture been affected by the Covid-19 corona virus In African countries and how has it affected access to international markets.
(1000 words)

In: Economics

Explain the difference between absolute and relative convergence. Create an example in which there is relative...

Explain the difference between absolute and relative convergence. Create an example in which there is relative convergence but not absolute convergence and explain your example

In: Economics

Due to corona virus explain the price elasticity of demand when demand decreases for the airline...

Due to corona virus explain the price elasticity of demand when demand decreases for the airline industry and the income elasticity of demand when there is a fall in disposable income what will happen to the airline industry as a luxurious good provide graph provide graphs and calculations where necessary. Explain how the airline industry can deal with such changes e.g what will happen if they decrease the price or increase price etc.

In: Economics

What is meant by “predatory lending”? Why are the victims of this kind of lending often...

What is meant by “predatory lending”? Why are the victims of this kind of lending often poorer people? How did predatory lending contribute to the subprime mortgage boom of the 2000s and the Financial Crisis of 2007-8? What steps can be taken to prevent predatory lending?

In: Economics

On a diagram, show the long-run equilibrium for both firm and industry under perfect competition. Now...

On a diagram, show the long-run equilibrium for both firm and industry under perfect competition. Now assume that the demand for the product rises. Show the new short term effects and discuss what might happen after the market responds.

In: Economics

Q19 Time lags in expansionary monetary policy can cause Question 19 options: short-term monetary policy to...

Q19

Time lags in expansionary monetary policy can cause

Question 19 options:

short-term monetary policy to work more effectively than long-term targeting.

difficulty in the timing of appropriate policy and can even lead to destabilization.

an undesirable inflationary gap if there is an unexpected increase in exports.

monetary expansions to work very quickly but cause monetary contractions to work very slowly.

Both (B) and (C).

In: Economics