What are the changes made by liberalization and globalization in the Philippines?

Q: 5. Which of the following statements is false? a. One way that Bismarck countries control costs is…

A: Health insurance is a sort of insurance that offers financial protection to individuals or agencies…

Q: Boehm Compressors uses a lean production assembly line to make its compressors. In one assembly…

A: To determine how many containers Boehm Compressors should be using, we need to calculate the…

Q: A​ single-price monopolist faces an inverse market demand curve given as P (Q) = 100 − Q. The​…

A: A single price monopoly is a type of market structure in which a single seller, or a group of…

Q: Alchem (L) is the price leader in the polyglue market. All 10 other manufacturers (follower [F]…

A: A price leader is a firm within a particular industry that sets the prices for goods or services.…

Q: A natural monopoly packages Alaskan moss, a unique health product that has no substitutes. The graph…

A: A monopoly firm produces at the intersection of marginal revenue and marginal cost curve.  The…

Q: Which of the following is likely to generate a negative externality? O Planting a tree O Working for…

A: Negative externality: A cost incurred by a third party as a result of an economic transaction that…

Q: Assume that a customer shops at a local grocery store spending an average of $200 a week, resulting…

A: Customer Lifetime Value, or CLV, is a measure of the potential revenue a customer can bring in to a…

Q: Assume the price of hamburgers drops. Which of the following statements is correct? O a. The demand…

A: Demand curve: A demand curve is a graphical representation of the relationship between the price of…

Q: Suppose Farmer Smith grows apples. The enitre market for apples is shown in the figure below. Assume…

A: Perfect Competition is a type of market structure where there are a large number of buyers and…

Q: Which of the following is NOT a conflict from multinational enterprises?   A. employment   B.…

A: A multinational company or multinational enterprise is a company with headquarters in a single…

Q: Suppose in a midsize city in the Southeast the price of TOFU salads has risen from $5.50 to $8.00.…

A: The initial price of TOFU P1=5.5 and the quantity Q1=10,000 When the price increase to P2=$8 the…

Q: Brown, a direct marketer of women's clothes, must schedule how many telephone operators for each…

A: To determine the number of operators that minimizes the projected hourly cost, we need to simulate…

Q: A student in a managerial economics class calculated the four-firm concentration ratio and HHI for…

A: HHI stands for the Herfindahl-Hirschman Index, which is a degree of market concentration utilized in…

Q: Population proportion in USA, CANADA, and CHINA over time CANADA CHIA

A: Demographic dividend is the change in the growth of a country's economy based on the age structure…

Q: Read “YOU’RE THE ECONOMIST: Did the Fed Cause the Great Recession?” in Chapter 26. In support of the…

A: The monetarist economist believes that money supply is the main factor in determining…

Q: The following table summarizes the income distribution for the town of Perkopia, which has a…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: P1 Nominal and real rates. Tyra loves to shop at her favorite store, Dollar Barrel, where she can…

A: Money is available today to spend=$200 Expected inflation=1% Real interest rate is the…

Q: How do expectations about future economic conditions influence the speed of  adjustment? Are there…

A: Economic development refers to the process of improving the economic well-being and quality of life…

Q: Katie's restaurant purchased a new grill at a cost of $6,000. The expected life of the grill is 5000…

A: Depreciation: The term depreciation exhibits the fall in the value of an asset and this decrease in…

Q: **only enter numbers NO $$ and do NOT type in words (e.g. loss/profit, $'s etc - ONLY numbers) PRICE…

A: The shutdown point of a firm is the output level at which the firm's total revenue is equal to its…

Q: Calculate Madison's marginal revenue and marginal cost for the first seven cardigans they produce,…

A: Profit maximizing quantity is computed where MR=MC or the profit is maximum. For the price given:…

Q: Woodles and Doodles have cross-price elasticity of demand of +0.6. Are the goods substitutes or…

A: Cross price elasticity of demand measures the responsiveness in quantity demanded of a commodity to…

Q: Table: Utility from Burgers and Milkshakes MUSHAKES QSHAKES 0. -36 a. 1; 1 b. 0; 2 c. 5; 0 d. 2; 1…

A: The utility function refers to all those commodity bundles that derive the same amount of utility…

Q: The following graph displays four demand curves (LL, MM, NN, and OO) that intersect at point A.…

A: Demand means the willingness of a consumer to buy a product or service at a particular price.

Q: mall country will tend to have a high expor ge country will tend to have few exports. ort-promoting…

A: During the 90s, Brazil imposed protectionist policies that resulted in let exports

Q: Question 6 Find the correct numerical value for the following factor from the compound interest…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: 7. The long-run supply curve in different cost industries The following graph shows the market for…

A: The curve that depicts different quantities of products and services being demanded at various price…

Q: Consider two firms competing to sell a homogeneous product by setting price. The inverse demand…

A: There are two firms competitive to sell a homogenous product by setting prices.  The inverse demand…

Q: mpany B is $ .e., each firm assumes that the other

A:

Q: Explain why monopoly means less social welfare. Is there any kind of price discrimination that does…

A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…

Q: J. What happens to unemployment during and after recessions? K. What is stagflation?

A: Unemployment refers to the number of population who want to work but do not get work.

Q: If a "Big Mac costs $4.00 in the United States and 200 yen in Japan, then the implied…

A: Exchange rate is the rate at which the currency of one country is traded with the currency of other…

Q: Consider a town in which only two residents, Lorenzo and Neha, own wells that produce water safe for…

A: Monopoly is a market condition in which there will be only a single seller present. The only motive…

Q: 2. Discretionary fiscal policy and multiplier effects Consider a hypothetical economy in which the…

A: Inflationary Gap refers to a situation when the actual GDP is greater than the potential full…

Q: What was nominal GDP in each year? What was real GDP in 2010, in terms of year 2000 dollars? What…

A: Gross domestic product (GDP) measures the market value of final goods and services produced within a…

Q: Consider the following modified Cournot-game. Firm 2 is run by its owner whereas Firm 1 is run by a…

A: The Cournot model is a game theory model. It is a competition between two firms producing…

Q: An essential characteristic of a perfectly competitive market is that sellers: Group of answer…

A: In a perfectly competitive market,  There exists a large number of buyers and sellers.  The firm…

Q: firm with market power has an individual consumer demand of Q = 20 − 4P and total costs of C = 2Q.…

A: A monopoly is the market where firm has market power.  Monopolist choses to produce where MR equal…

Q: Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The…

A: Oligopoly is a form of market where there is only a limited number of firms or suppliers who have a…

Q: For each of the following scenarios, determine which market model best describes the scenario. Then…

A: There are four major types of market models, each with unique characteristics that influence…

Q: Suppose that you can earn $16 per hour before taxes and can work up to 80 hours per week. Consider…

A: The substitution effect occurs when a price increase causes a decline in demand and subsequent sales…

Q: costs LA TC TR 0 web page designs Refer to the diagram above. In this instance, at the range of…

A: Total revenue (TR) is the total earnings that a firm receives from selling its goods or services,…

Q: Exercise A.9 You are an executive of Super Computer, INC. (SC), which rents supercomputers. SC…

A: Profit maximization refers to practice of identifying of that level of output or activity that…

Q: Consider the Swan-Solow model of economic growth. In questions b) A major shift in people’s values…

A: Solow Swan model is a neo-classical economic growth model which determines economic growth based on…

Q: You are the manager of a firm that sells its product in a competitive market with market (inverse)…

A: Marginal revenue (MR) refers to the additional revenue generated from selling one additional unit of…

Q: True or False: If a firm is operating in a contestable market, it should operate at the efficient…

A: A Contestable market  refers to a market in which there is a freedom of entry and exit form the…

Q: You start a business after inventing and patenting a design for a cleaning robot. Given your patent…

A: Profit maximization is a core concept in economics that refers to the goal of firms to maximize…

Q: Suppose two bidders compete for a single indivisible item (e.g., a used car, a piece of art, etc.).…

A: Nash Equilibrium is a concept in game theory that describes a state in which each player in a game…

Q: Farmer Brown grows cotton. The average total cost and marginal cost of growing cotton for an…

A: In perfect competition,  There exists a large number of buyers and sellers.  The firm maximizes…

Q: Suppose the production function is given by Q = 2K + 6L. What is the average product of labor when 3…

A: The average product of labor is the total product divided by the number of labor employed. APL=QL