Need some help to select answer for below Qs.
1.Monopolies arise because
a. competitive firms fail to produce quality products
b. diseconomies of scale may require one very large producer to minimize long-run average costs
c. there are many substitute products
d. of barriers to entry that prohibit competitors from entering the industry
e. of all the above
2.In the short -run, which of the following firms should attempt to produce where average total costs are at a minimum in order to maximize profits to minimize losses?
a. a perfectly competitive firm
b. Lipsey and Steiner’s Economics Chapter 19, a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
3.If the price is less than the average total cost for a perfectly competitive firm in the short-run, then the firm
a. is earning an economic profit.
b. should continue to operate as long as price is above the average variable cost
c. should shut down
d. should continue to operate as long as price is above the average fixed cost.
e. is breaking even
4.In the long run, i f a perfectly competitive industry has some firms suffering losses, we can expect
a. the market supply curve to shift to the left
b. those firms losing money to leave the industry
c. the market price to rise
d. losses in the industry to disappear
e. all of the above
5.If a firm in a perfectly competitive industry takes advantage of economies of scale and expands its production facilities, then
a. we must be in the long run because plant size is not fixed.
b. its cost curves will shift down, enabling it to earn a greater
profit, at least for a little while.
c. other firms will be forced to do the same to survive.
d. the market price is decreased because of greater output finding its way to the market.
e. all of the above.
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Monica Is Hurrying Off To Her Physics Class Jogging Down The Sidewalk At A Speed
/in Uncategorized /by developerMonica is hurrying off to her physics class, jogging down the sidewalk at a speed of 3.95 m/s. Her friend Manny suddenly realizes that she left in such a hurry that she forgot her lunch of bagels, so he runs to the window of their apartment, which is a height 53.0 m above the street level and directly above the sidewalk, to throw them to her. Manny throws them horizontally at a time 8.50 s after Monica has passed below the window, and she catches them on the run. You can ignore air resistance.(a)With what initial speed must Manny throw the bagels so Monica can catch them just before they hit the ground?Hint: The bagels move along a projectile trajectory. Find Monica’s location when the bagels reach the ground and demand that the bagels have this same range. When the bagels reach the ground, y_final=0m, and they start at y_initial at hieght of window. Since v_initial has only an x-component, it is straightforward to calculate the time that they will be in the air. You have to add that time onto the jog time.(b)Where is Henrietta when she catches the bagels?
Here, H = 53 m and initial vertical speed waszero. Hence time of flight V √HNow, Monica is jogging with uniform speed of3.95 m/s and manny throws the bagels 8.50 safter Monica has passed…
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Monique Is Planning To Increase The Size Of The Manufacturing Business That She
/in Uncategorized /by developerMonique is planning to increase the size of the manufacturing business that she operates as a sole proprietorship. She has a number of older assets that she will replace as part of the expansion. In addition, to finance this expansion she will have to sell some of her personal assets. Because it is close to the end of the tax year, she can time the sales of the assets to take the greatest advantage of the tax laws. Monique is currently in the 35 percent tax bracket.
Following are the assets that Monique plans to sell; assume that she will realize their fair market value on the sales:
Business Assets Acquisition Fair Market Department Adjusted Original
Date Value Method Basis Cost
1. Truck 1995 3,000 MACRS 0.00 20,000
2. 0/Bldg 1990 300,000 MACRS 160,000 285,000
3. Machine 1 2000 10,000 MACRS 25,000 80,000
4. Machine 2 2001 60,000 MACRS 55,000 95,000
Personal Assets Acquisition Date Fair Market Value Original Cost
1. Sculpture 1991 400,000 260,000
2. Painting 1998 400,000 525,000
3. 100,000 Shares ACC 2004 800,000 1,050,000
4. 10,000 Shares BBL 2006 400,000 350,000
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Monitors Manufactured By Tsi Electronics Have Life Spans That Have A Normal Dist
/in Uncategorized /by developerMonitors manufactured by TSI Electronics have life spans that have a normal distribution with a variance of 4,000,000 and a mean life span of 19,000 hours. If a monitor is selected at random, find the probability that the life span of the monitor will be more than 20,179 hours. Round your answer to four decimal places.
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Monochromatic Light Passes Through Two Slits Separated By A Distance Of 0 0340 M
/in Uncategorized /by developerMonochromatic light passes through two slits separated by a distance of 0.0340 mm .If the angle to the third maximum above the central fringe is 3.31 ∘ , what is the wavelength of the light? =_______nm
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Monoclonal Antibodies How Do They Work Ii How Are They Produced Iii How Are They
/in Uncategorized /by developerIn your own words( please don’t copy and paste), describe the following questions: monoclonal antibodies: i.how do they work ii. how are they produced
iii. How are they being used iv. What is the magic bullet of monoclonal antibodies v. define
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Monograph Makes Costume Jewelry The Monograph Product Line Consists Of Earrings
/in Uncategorized /by developerMonograph makes costume jewelry. The Monograph product line consists of earrings, pendant necklaces, and rings. Management wants to make the amount of each product so as to maximize profits. Each type of product is routed through manufacturing and packaging. The relevant data for each product are as follows:
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Monohybrid Crosses 3 In Drosophila Long Wings W Are Dominant Over Vestigial Wing
/in Uncategorized /by developerUsing punnete squares, solve the following problems.
Monohybrid Crosses3 .In Drosophila , long wings ( W ) are dominant over vestigial wings ( W ). What are the possible genotypes andphenotypes of the offspring from the following cross ? WW X Ww. In some cattle breeds , the horned trait ( h ) is recessive to the polled ( hornless ) trait ( H ) . If you bred & Hh malewith a hih female , what percentage of the offspring would have horns ?shrink Cracies
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Monopolies Arise Because A Competitive Firms Fail To Produce Quality Products B
/in Uncategorized /by developerNeed some help to select answer for below Qs.
1.Monopolies arise because
a. competitive firms fail to produce quality products
b. diseconomies of scale may require one very large producer to minimize long-run average costs
c. there are many substitute products
d. of barriers to entry that prohibit competitors from entering the industry
e. of all the above
2.In the short -run, which of the following firms should attempt to produce where average total costs are at a minimum in order to maximize profits to minimize losses?
a. a perfectly competitive firm
b. Lipsey and Steiner’s Economics Chapter 19, a monopolistically competitive firm
c. an oligopoly
d. a monopoly
e. none of the above
3.If the price is less than the average total cost for a perfectly competitive firm in the short-run, then the firm
a. is earning an economic profit.
b. should continue to operate as long as price is above the average variable cost
c. should shut down
d. should continue to operate as long as price is above the average fixed cost.
e. is breaking even
4.In the long run, i f a perfectly competitive industry has some firms suffering losses, we can expect
a. the market supply curve to shift to the left
b. those firms losing money to leave the industry
c. the market price to rise
d. losses in the industry to disappear
e. all of the above
5.If a firm in a perfectly competitive industry takes advantage of economies of scale and expands its production facilities, then
a. we must be in the long run because plant size is not fixed.
b. its cost curves will shift down, enabling it to earn a greater
profit, at least for a little while.
c. other firms will be forced to do the same to survive.
d. the market price is decreased because of greater output finding its way to the market.
e. all of the above.
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Monopolistic Competition Is Similar To Monopoly Because A In Both Industry Struc
/in Uncategorized /by developerMonopolistic competition is similar to monopoly because
A.
in both industry structures,
long-minus run profits will be equal to zero
.
B.
both industry structures have
many sellers
.
C.
in both industry structures,
there are barriers to entry
.
D.
in both industry structures,
the firm’s demand curve is downward sloping
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Monopoloy Problem 3 In The Problems To Ponder Section At The End Of Chapter 8 As
/in Uncategorized /by developerMonopoloy
Problem 3 in the “Problems to Ponder” section at the end of chapter 8 asks about monopoly power.
Consider the statement, “Monopoly power comes from market acceptance, not from a patent, a prettier product, a slick advertising campaign, or anything else. So rather than spend your time in court, you should be out there drumming up business.”
Do you agree? Discuss your response to the questions in this problem.
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