Suppose the price of coffee in Brazil is 29 per unit . Will India export or import

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Suppose the price of coffee in Brazil is 29 per unit . Will India export or import

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“Since there are no close substitutes for the monopoly's product, the monopoly can charge any price it wishes”.Is it a true or false statement? Give your reasons.
Define opportunity cost:
What are the necessary conditions for a monopoly position in the market to be established?
An auto-parts company of Australia wants to establish a plant outside Australia. The alternatives are Fiji, PNG, Samoa and NZ. Given its financial situation, the company is constrained to set up only one plant outside Australia. Assume that the setting-up costs and the operating costs of a plant in any of these four countries are the same. The marketing research department offers a projection that if the plant is set up in Fiji, PNG, Samoa or NZ, it will fetch a turnover (revenue) of $2.5 million, $2 million, $2.3 million and $2.8 million respectively. Of course, given these choices the company will opt to set up a plant in NZ. What is then its opportunity cost?
Which of the following will definitely cause an increase in the equilibrium price? A. An increase in both demand and supply. B. A decrease in both demand and supply. C. An increase in demand combined with a decrease in supply. D. A decrease in demand combined with an increase in supply. E. Any of the above, depending on the circumstances.
Explain the three categories of returns to scale relating to the long-run average cost curve.
Equilibrium is achieved when quantity demanded intersect with quantity supplied. Assume a product “Y” for which supply and demand shifts. You are required to prepare graphs of each situation given below? i. Increase in income: Y is a normal good. ii. Increase in income: Y is an inferior good. iii. Decrease in the price of a substitute for Y. iv. Decrease in the price of a complement for Y. v. Increase in the cost of production of Y.
Fixed cost is 400, firm's average total cost is 3 , and average variable cost is 2.50 it's output?