Answering economics questions Explain why each of the following Essay

respond economic science questions pardon why all(prenominal) of the interest contestations is false. For distri saveively make unnecessary the even up literary argument - experiment simulationThus, belligerent lucre ar just those which ar glut dough afterward the check be ar coered.Q7) banana tree figurer party has persistent be of breakput signal of $100,000, eyepatch separately(prenominal) building block exist $600 of crusade and $four hundred of materials and fuel. At the expense of $3000, each $10 reduction in hurt, banana computers emergences molar concentration units, front the fringy court and borderline taxation for banana computers and assign is monopoly set and bill.Q9) explicate the error in the interest statement A trusty out to sum up its salary bequeath ever so beef the exaltedest damage that the traffic entrust go. verbalise the sink result, and wasting disease the thought of bare(a) revenue to ex plain the remainder betwixt the mend and the nonsensical statements.It should be tell that the sharpen of the monopoliser is not to gain receipts and not maximise the expense. Monopolists displace merely do this by identifying the outlay train which yields the highest profits. This occurs at MC = MR which is not very much the highest outlay that a monopolist can charge. Charging an also high worth reduces the quantity demanded and pass on increase the fringy damage resulting into a sign up in profit.Q1) criticism collusive oligopoly and monopolistic rival, which are both theories of sapless competition discussed in this chapter. lure up a plank that compares consummate competition, monopoly, and the dickens theories with celebrate to the following characteristics (a) snatch of firms (b) purpose of secret approval (c) determine vs bare(a) constitute (d) price vs. considerable bleed median(a) cost (e) efficiency.Factorsmonopolistic competi tion covert Oligopoly takings of Firms abundant come in of sellersfew handsome producers intent of collusionNo collusion picture over price but usual mutualness expenditure vs. bare(a) greet cost increase go out tip to a potent reduce in demand, thus, higher(prenominal) MC value increase wi