Questions
_____ 1. Which of the following statements about a monopoly is false? With price discrimination deadweight...

_____ 1. Which of the following statements about a monopoly is false?

  1. With price discrimination deadweight loss is smaller but consumer surplus is also smaller
  2. For a monopolized market to stay monopolized there have to be barriers to entry
  3. With a monopoly, price will equal marginal cost
  4. The more inelastic the demand, the higher the mark up of price over marginal cost

_____ 2. Which of the following statements about externalities is true?

  1. A positive consumption externality will result in over consumption. The government should subsidize consumers to fix it.
  2. If there's a negative production externality like pollution, the government should set a tax high enough so that the externality is completely eliminated
  3. With a positive externality in consumption social benefit is above private benefit
  4. Negative externalities create inefficiency but positive externalities improve it
  1. True or False
  1. In the long run, demand is more price elastic than in the short run

TRUE                                                              FALSE

  1. An increase in the number of firms will result in higher price and lower consumer surplus

TRUE                                                              FALSE

  1. If one country has absolute advantage in all goods then it cannot benefit from trade with another country

TRUE                                                              FALSE

  1. If the number of firms in the market increases then consumer surplus will go down

TRUE                                                              FALSE

In: Economics

Compare the equilibrium constant dependence on temperature with the van't Hoff Equation Comment on any differences...

Compare the equilibrium constant dependence on temperature with the van't Hoff Equation Comment on any differences and/or similarities.

Please type your answer

In: Other

In general,according to common law,first-degree murderers and second-degree murderers could be executed. true false

In general,according to common law,first-degree murderers and second-degree murderers could be executed.

true
false

In: Economics

. Complete the following: a. If the tax multiplier is -1, then the marginal propensity to...

. Complete the following:

a. If the tax multiplier is -1, then the marginal propensity to save is _________ the marginal propensity to consume.

b. If the government spending multiplier is 8, then the marginal propensity to save equals______.

c. If the marginal propensity to consume is two times the marginal propensity to save, then the government spending multiplier equals _______.

d. If the marginal propensity to save is 0.5, then the tax multiplier equals _______.

e. If the marginal propensity to save increases by 10 percent, then the government spending multiplier ________.

f. If the marginal propensity to consume goes from 0.8 to 0.85, then the tax multiplier _________.

g. If the tax multiplier increases (in absolute value) from -1 to -2, this means that the marginal propensity to consume has ______ relative to the marginal propensity to save.

h. If the government spending multiplier decreases from 5 to 4, this means that the marginal propensity to save has _______.

In: Economics

Answer to the following questions. 1.What is Generalization and Specialization 2. What is a Recursive Relationship...

Answer to the following questions.

1.What is Generalization and Specialization

2. What is a Recursive Relationship

3. What is the purpose of a query and What is a stored procedure

4. What is an index  

In: Computer Science

Discuss the objective of firm in production, also discuss the optimum level of inputs application in...

Discuss the objective of firm in production, also discuss the optimum level of inputs application in production for profit maximization to the firm and explain the three stages of return to scale in the production process.        

In: Economics

40 numbers are rounded off to the nearest integer and then summed. If the individual round-off...

40 numbers are rounded off to the nearest integer and then summed. If the individual round-off error are uniformly distributed over (−.5,.5) what is the probability that the resultant sum differs from the exact sum by more than 2 ?

In: Math

Explain the supply chain. List some major types of retail operations. What is a direct channel?...

  1. Explain the supply chain.
  2. List some major types of retail operations.
  3. What is a direct channel?
  4. Explain the promotional strategy.

In: Operations Management

Explain the pshychology behind the suport and resistance levels that can be observed in price charts.

Explain the pshychology behind the suport and resistance levels that can be observed in price charts.

In: Economics

How would I create a nested dictionary given a csv file in Python? Say I want...

How would I create a nested dictionary given a csv file in Python? Say I want to make a dictionary that read

{'country':{'China':'Fit', 'China':'Overweight', 'USA': 'Overweight', 'USA': 'Fit', 'England':'Fit'...}, 'category':{'Asian':'Fit', 'Caucasian': 'Overweight', 'Caucasian':'Overweight', 'Asian': 'Fit', 'Middle Eastern': 'Fit'...}}

given a file that had

country category Weight
China Asian Fit
China Caucasian Overweight
USA Caucasian Overweight
USA Asian Fit
England Middle Eastern Fit...
...

And so on in the file.

In: Computer Science

1) Describe the process of management development. What are the main steps involved in the process?...

1) Describe the process of management development. What are the main steps involved in the process?

2) Discuss the future of training and development in Canada? What changes, if any, can we expect?

In: Operations Management

A) For Gorilla glass, Xensation, Sapphire glass, and Dragontrail glass, tabulate their composition, how they are...

A) For Gorilla glass, Xensation, Sapphire glass, and Dragontrail glass, tabulate their composition, how they are made and processed, their hardness, strength, and cost.? Please, no English (Merican) units.

.

Answer the question in clear words and in very good description!!! Please type your answer. Thanks

In: Chemistry

A rescue plane flies horizontally at a constant speed searching for a disabled boat. When the...

A rescue plane flies horizontally at a constant speed searching for a disabled boat. When the plane is directly above the boat, the boat's crew blows a loud horn. By the time the plane's sound detector receives the horn's sound, the plane has traveled a distance equal to one-third its altitude above the ocean. Assuming it takes the sound 2.02 s to reach the plane, and taking the speed of sound to be 343 m/s, determine the following.

(a) the speed of the plane
m/s

(b) the altitude of the plane
m

In: Physics

describe the metabolic process that results in the beneficial effects of small doses of Acetaminophen (eg....

describe the metabolic process that results in the beneficial effects of small doses of Acetaminophen (eg. curing your headache), AND the result in the hepatoxic effects of very large doses of Acetamenophen.

In: Biology

describe what effect value and pricing have on your decision-making process when you need or want...

describe what effect value and pricing have on your decision-making process when you need or want to buy something. Describe what effect pricing and value have on you when purchasing a Convenience Good versus a Shopping Good versus a Specialty Good.

In: Economics