. A Sixteen Tons Question: A coal mine in a small town is a monopsony with a supply of labor function given by w = 4L. Its production function is given by Q = ½L. The coal it produces is sold in a PC market at a price of $32. A) What is this monopsony’s MFC function? B) How much labor will the mine hire and what will be the wage?

Q: 2 plates of pasta 9.) Suppose that Bob still has 10 hours and can produce 10 hamburgers in 1 hour in...

A: Given: Number of hours=10 Bob: 10 hamburgers or 2 plates of pasta Jimmy: 4 hamburgers or 1 plate of ...

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Answer - 

Q: 0. Who is the 'father of economics'? Мax Muller

A: To find : Who is father of economics 

Q: The following diagram shows supply and demand in the market for laptops. Use the black point (plus s...

A: The markets are the place where the buyers of the products tend to interact with the sellers of thes...

Q: 5.) In the flow of funds model, households make cash payments in the cash payments in the market and...

A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...

Q: QH: Use the demand function D(p)=(p-10)^2 * (p+10)^2 for p values between 0 and 10. Suppose there is...

A: Answer -

Q: Reese has recently left her teaching job to open a bakery. The ______ is an example of the implicit ...

A: The cost incurred is either implicit cost or explicit cost. Explicit cost is the cost which is incur...

Q: . A monopoly is currently producing an output level where P = $30, MR = $20, AVC = $16, AC = $24, a...

A: Monopoly Monopoly refers to a market in which there is only one single seller. Due to high hurdles t...

Q: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.5 percent for ...

A: Taxable equivalent yield The tax-equivalent yield is basically the rate of return required for a tax...

Q: SRATC or small plant SRATC tor medium plant SRATC for arge plant LRATC S500 Diseconomies of Scale S4...

A: Costs in the long run are determined by the firm's level of output, factor costs, and the quantities...

Q: Firm A would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage ra...

A: A firm would be able to organise in a situation where the demand curve for workers is inelastic, Bec...

Q: The opportunity costs could be computed as: Aircraft Corn =1/500=0.002 air Beta =500/1=500 corn craf...

A:  1. Beta is specialized in Corn production because its opportunity cost is lower than Gamma in the c...

Q: Table 1 The table below applies to an economy with only two goods- hamburgers and hot dogs. The fixe...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: Consider the following economy. Government Debt, end of 2026: 400 Nominal interest rate on governmen...

A: Public debt, once in a while likewise alluded to as government debt, addresses the absolute outstand...

Q: 3. Consider the utility function u(x, y) = - (v41) (a) Find the equation for the marginal utility fo...

A: Answer-

Q: answer 6 and 7

A: Philippines data is as follows: Life 67 years Adult literacy rate 68 % Gross enroll...

Q: 8. If the adult population of a city is 1,000,000 people, and the labor force size is 600,000 people...

A: Given; Adult population= 1,000,000 people Labor force size= 600,000 people Formula to calculate:- La...

Q: Suppose the budget line on the graph is for an income of $500, the Pa=$5 and Pp=$2. Good A B Good B

A: The equation which shows the budget line is PA*A + PB*B = M where, PA and PB are the price of good A...

Q: b.) Suppose that the price of gumballs falls to 25 cents. Draw the new budget constraint, original b...

A: Since you have asked to find only the B part. Please find the answer below.

Q: From the following data calculate GNP at factor cost by Income Method & Expenditure Method Rs. in Cr...

A: The gross national product at factor cost represents the market value of all goods and services prod...

Q: What will happen to the trade balance and the real exchange rate of a small open economy when gove...

A: Answer: There will be a negative impact on the trade balance and the real exchange rate of a small o...

Q: 24. An isoquant slopes A. O Downward to the left B. O Downward to the right C. O Upward to the right...

A: "Correct option is B."

Q: The demand for good X is estimated to be Qx d. %3D 10, 000 – 4Px + 5Py + 2M + Ax, where Px is the pr...

A:

Q: The labour market in an economy is characterised by the following equations: Wage setting: = 0.7-0.9...

A: Wage determination in the labour market is characterized by the WS equation. There is   a negative l...

Q: This is another all-or-nothing question. In a supply-driven economy, which of the following statemen...

A: The answer is - c. if the economy is closed what is not consumed by household a government invested ...

Q: The discount rate will never be equal to interest rate. True or False?

A: Discount rate is defined as the rate of interest which is charged to commercial banks and other form...

Q: MC AC Demand MR Price

A: Unregulated market are administered by the overarching contracts between the taking an interest part...

Q: How many years will it take to triple your investment of $5,000 if it has an interest rate of 10% co...

A: Information given to us is:- Investment = $5000 Interest rate = 10% compounded annually We have to c...

Q: Using a method similar to that used to calculate the consumer price index, the percentage change in ...

A: Consumer price index "it measures the average change in price over time in a fixed market basket of ...

Q: If a good that generates negative externalities is priced to internalize the externality, then its p...

A: Money has been critically evaluated and has been evolved since the ages and currently money is used ...

Q: Given that MPS = 0.5, what is the increase in real GDP from a $100 bllion rise in invetment? $100 bi...

A: As per question, MPS=0.5. Let increase in real GDP be represented by ∆Y. "Increase in investment is ...

Q: Complete the following table by calculating marginal product and average product. Instructions: Ente...

A: Formulas which we are going to use in this question are: 1. Marginal Product (MP) = Total Product at...

Q: In Norway, one worker can produce either 8 pounds of smoked fish or 8 barrels of oil. In Saudi Arabi...

A: Given:- Production in Norway=8 pound of fish or 8 barrels of oil Production in Saudi Arabia=5 pound ...

Q: A monopoly’s price is $20. At this price the absolute value of the elasticity of demand is 2. What i...

A: Given the Price, P = $20 Elasticity, e = 2  

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...

A: In perfect competition, when the price increases then the firm is willing to produce more. This impl...

Q: Define conversation analysis (CA)

A: Define Conversation analysis Conversation analysis (CA) is a method for studying social interactions...

Q: How is the social status and income of a consumer predisposes an individual to better health? (ple...

A: Socioeconomic Status:- A person's or an institution's economic status is their societal rank or stat...

Q: A machine part to be machined may be made either from an alloy of aluminum or steel. There is an ord...

A: * SOLUTION :-   

Q: 7 A local tavern in a perfectly competitive market was in a long-run equilibrium. Then, a scientific...

A: Answer -

Q: (Q4) Explain carefully why a chemical plant polluting the atmosphere might generate a negative produ...

A: The marginal cost of pollution is the additional environmental cost incurred as a result of producin...

Q: Which is one of the most notable trends of foreign direct investment over the last 20 years: -The d...

A: The quantity of foreign direct investment (FDI) in the United States has more than doubled in the la...

Q: What has happened to the rate of productivity growth over the past 50 years? How might you explain...

A: Rate of productivity growth has slowed down over the past 50 years.

Q: Explain  system/mass theory and elite theories in public policy

A: The policy that depicts a set of actions being taken by the government for addressing issues that ex...

Q: Given that marginal propensity to save (MPS) is 0.5, what is the multiplier? 4 5 0.5

A: According to the question, marginal propensity to save i.e. MPS is 0.5. Formula for multiplier is 1M...

Q: Engineering Economics 2-) We have a five-year contract, compounded quarterly, at a rate of 16% per y...

A: 5 Year Contract per quarter Amount = $12 million interest rate = 16% per year  

Q: 26. When as a result of decrease in price of good, the total expenditure made on it decreases we say...

A: "Correct option is A."

Q: 6. "You might as well say that the unemployment rate would be zero if everyone just quit looking for...

A: Answer -

Q: Question 20 When the budget line shifts from blue to red: Good X B (75X, ?Y) C(?X, ?Y A (55X, ?Y) Bu...

A: Budget line is the locus of different combinations of two goods that can be purchased with the given...

Q: This person earns $1000 of income today and $2000 income next year. Point C represents his consumpti...

A: To find : Consumption of next year

Q: 6. When as a result of decrease in price of good, the total expenditure made on it decreases we say ...

A: To find : Price elasticity of demand