1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Find the equilibrium point ii- Algebraically. iii- Graphically iv- If a tax of 30 per unit is imposed calculate the equilibrium point, v. The distribution of tax. Show the distribution of tax graphically.

Q: Discuss the functions of Philippine Council for Agriculture, Aquatic and Natural Resources and Devel...

A: The Philippine council for Agriculture, Aquatic, and Natural Resources Research and Development (kno...

Q: Set-E7. A South American country has had a high rate of inflation. Recently, its exchange rate was 1...

A:

Q: Assume Morocco is currently operating with an unemployment rate six percent above its natural rate o...

A: Given information Unemployment rate is 6% higher than natural unemployment. That means economy is wo...

Q: 8. In many developing nations, young women have historically had lower school enrollment rates than ...

A: Below are the points to be considered: *Growth of GDP depends on the resources of a country. *More e...

Q: Out of a total number of 10,000 candidates who applied for jobs in a government department, 6,854 we...

A:

Q: How long will it take for an investment to fivefold its amount if money is worth 14% compounded cont...

A: Let initial amount or present value of money P =X,  After time t the future value of money is 5X  In...

Q: Initially there were 9 workers, all being paid a uniform wage. Later a 10th worker is added whose ra...

A:

Q: Find the most likely price in US corresponding to the price of $ 70 at Russia from the following : R...

A:

Q: This Green Revolution best describes which theory? O Diffusion theory O Structural changes model O L...

A: Diffusion theory In Economics diffusion is the point of progress where one new idea or new product o...

Q: a. i. Determine and fully interpret the price elasticity of demand for January and February using ta...

A: Price elasticity of demand also known as price elasticity or elasticity of demand calculates the rec...

Q: A stenographer claims that she can take dictation at the rate of 120 words per minute. Can we reject...

A:

Q: 14. A survey of 800 families with four children each revealed the following distribution : No. of bo...

A:

Q: Charter schools, contrary to expectations, have increasedschool integration. T or F?

A: In the United States, charter schools are primary or secondary schools that are funded by taxes and ...

Q: What is the present equivalent of P18,000 to be received in 15 years when the interest rate is 7% pe...

A:

Q: Recognize the objectives a firm has in setting prices and the constraints that restrict the range of...

A: The goals that assist your organisation in determining the cost of a product or service to existing ...

Q: Which of the following is not one of the Lources of imperfections in the labour mar O The existence ...

A: Labor markets are rarely totally competitive in the real world. Because workers or businesses typica...

Q: Explain why the red curve is an incorrect representation of a long-run average cost curve. Note: the...

A: The average cost is the called the per unit cost of production. The AC = TC/Q. The long run Average ...

Q: Ross Inc. is considering two equipment alternatives to increase its production volume. The respectiv...

A: Given: Interest Rate=12%

Q: Sally is single. Her income rises because of her wise stock investments, but her wage rate stays the...

A: The labour supply increases when wages increase and labour supply fall in the labour market when wag...

Q: True or false. In general, production can display diminishing returns in all variables but still dis...

A: Diminishing returns are defined as a decrease in output due to an increase in the input after an opt...

Q: Using DBM(declining balance method), the depreciation of a machine on the 5th year and 7th year are ...

A: We have given the depreciation of a machine in 5th year is P22,893 and in 7th year is 13,503 Let the...

Q: Comparative Advantage Activity Name • Terry and Casey are roommates in an apartment. • You want to d...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: Economic topic. Solve it A radio shop sells, on an average, 200 radios per day with a standard devia...

A:

Q: Using supply and demand analysis, explain what happens to the market price and quantity of a name-br...

A:

Q: Suppose it takes workers at a plant five hours to produce what a machine can make in one hour. In th...

A: Production function shows different combinations of capital and labor units that can be used to prod...

Q: Audra runs a movie memorabilia website. Last year, she earned $35,000 in revenue and had explicit co...

A: Economic profit is the revenue that is left after paying explicit and implicit cost of a business.

Q: ow many years are required for 1,000 to increase to 2,000 if invested at 9% per year: (a) compounded...

A: We have  Future value F=2000 Present value P=1000 r=9%  “Since you have posted a question with multi...

Q: Determine the accumulated amount that would be due at the end of 18 months for Php15,000 borrowed at...

A: Simple interest is a  basically a quick and easy method to calculate how much interest a loan will c...

Q: 8. Before an increase in excise duty on tea, 400 people out of a sample of 500 persons were found to...

A:

Q: Comparing the slope of the budget line (Opportunity Cost of Good Y) with the slope of the Indifferen...

A: Below is the edited graph:

Q: Evaluate $, z dz where y is the straight line path from z = 3 + i to z = 3 + 3i.

A: Introduction Here are one line of Z, we can say it Z0 = 3 +i and another is Z1 = 3 + 3i and here $ m...

Q: For demand function Q = a- bP and supply function Q, = dP-c , using Cramer's rule determine equilibr...

A: Equilibrium price refers to the price that prevails when the quantity supplied equals the quantity d...

Q: What are the basic dimensions of populationdevelopment?

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: 4. Educational equality exists when schooling produces thesame __________ for lower-class children a...

A: The answer is - Education system Hence,  Educational equality exists when schooling produces the sam...

Q: Consider IC1. Good X D IC Good Y If given a choice between A and D the person will always choose D I...

A:

Q: company produces a certain commodity. The labor and material cost for each item produce is P112. Oth...

A: We have given that  Labor and materials cost = P112 per unit  Other Variable cost = P67 per unit  Fi...

Q: Calculation Question 5 suppose a market demand is given by Q= 300 – 4p, where p represents the produ...

A: Market demand describes the demand for a given product and who wants to purchase it. This is determi...

Q: If you were to accept a position in another state, why do you believe it would be important to under...

A: The laws that aim to correct the power imbalance between employers and workers within the work envir...

Q: overnments attempt to stimulate economies by offering firms temporary investment tax credits. Explai...

A: Tax credits are the subsidy in taxes provided by the government.

Q: As the marginal physical product of a variable input increases, the marginal cost decreases. a. tru...

A: The cost of one additional unit of output is known as marginal cost. The concept is used to determin...

Q: Utility Function MU, MU, MRSxy 2x0.2y0.8 /25xy

A: Marginal utility of good X is calculated by differentiating the utility function with respect to X. ...

Q: An inflation-adjusted pension provides for continuous payments over the next 10 years at the rate of...

A: Inflation means a decline in the value of the currency in an economy. It means as the interest rate ...

Q: would be due at the end of 18 months for Php 15,000 borrowed at simple interest at a rate of 6% per ...

A: Given, Time = 18 months  Rate = 6% Initial amount = php15000 Interest = principal * rate* time Or, I...

Q: The following graph shows the labor market for research assistants in the fictional country of Unive...

A: The labor market states the demand and supply of labor. In this market, the employees provide the su...

Q: 2. Consider the following information of a hypothetical firm: Q = 100K0.6 L0.8; w = :1; r = 3 A. Sol...

A:

Q: Suppose the production function is given by Q = 3K + 4L. What is the average product of capital when...

A: Average Product of Capital = Total Output/Capital Q = 3K + 4L We know K=5 and L=10 So Q = 3*5 + 4*10...

Q: 3. The bicycle industry consists of seven firms. Firms 1, 2, 3, each has 20% of the market share, an...

A: Number of firms= 7 firms Market Share of 1,2, and 3 firm= 20% Market share of 4, 5, 6, and 7= 10% a)...

Q: are two conditions that create the S-Shaped Growth. It the carrying capacity somehow consumed by the...

A: There is an S-shaped growth because at the beginning when there is no capital and less production so...

Q: Suppose Japan is a small rice importer. At the world free trade price, Japan's domestic production o...

A: The three different policies that will be able to achieve the policy goal of having domestic rice pr...

Q: The following equations describe a Keynesian model of a closed economy:         C = 500 - 0.5(Y - ...

A: C = 500 - 0.5(Y - T) - 100r I = 350 - 100r L = 0.5Y - 200i πe = 0.05 G = T = 200 Y = 1850 M = 3560

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.