1. Assume that when the price of X decreases the consumption of Y remains the same. Draw the appropriate indifference curves and budget lines, label the axes, and the optimal consumptions. Also, in your graph show and label the price-consumption curve. How would you determine, using your graph, if X is a normal good? Explain

Q: The price of widgets has increased from $4 to $12, causing the quantity supplied to increase from 20...

A: The mid point formula for price elasticity of supply: ed = [(Q2-Q1) / (Q2+Q1)/2] / [(P2-P1) / (P2+P1...

Q: Sally eats at the local burger restaurant. Suddenly the restaurant lowers its prices. A - In respons...

A: Answer:-  A) You can't do it. Because Sally frequents the burger joint, lower burger prices imply th...

Q: Suppose you are given the following information:   Qs = 100 + 3P                  Qd = 400 – 2P  whe...

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 2 question (allowed onl...

Q: With reference to the discounted cash flow model for determining stock prices, cafrefully explain ho...

A: Discounted Cash Flow  DCF=CF11+r+CF21+r2 + ......+ CFn(1+r)n DCF= Discounted cash flow CF= Cash flow...

Q: Is there a trade-off between keeping things at numerous places across various areas and sending prod...

A: Trade-offs when there are the goods and services, that are not available at a distant place and ther...

Q: We have recurring positive cash flows of $7500 every year from period 5 through period 10 (relative ...

A: Answer:- $30518  

Q: In the current period, a consumer gets an endowmenty and pays lump-sum tax t. In the future period, ...

A: Above question pertains to intertemporal choice problem in which consumer optimizes its consumption ...

Q: Suppose rocking-chair manufacturing is a perfectly competitive industry in which there are 1,000 ide...

A: A perfectly competitive firm will produce chairs till the market price of chairs is greater than or ...

Q: Suppose a firm faces the following average and marginal products of labor: APL = 200 + 5L - 0.08L2 M...

A: Stage II of production begins at the point where the marginal product of labor (MPL) and average pro...

Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis ...

A: In the future worth method, we convert all cash flows into the future period and compare the future ...

Q: In the Solow growth model, countries with identical total factor productivities, identical labour fo...

A: Solow growth model determines economy's steady state where capital per worker and output per worker ...

Q: Which of the following is an objective of dumping?

A: The basic objective of dumping is to increase the market share in a foreign market by driving out co...

Q: 18. The human effort applied to the production of goods is called in economics

A: To find : What is human effort applied to production of good. 

Q: Match the most typical tax implication with the most appropriate life stage. Retirement Older Adulth...

A: When tally about tax implications, it can be seen that government charges different tax rates to the...

Q: The primary focus of energy economics is how: Group of answer choices a-Energy produ...

A: "Correct option c."

Q: e. Expanded use of online payments reduces the amount of money people want to hold. The central bank...

A: Consider the below points: *Is curve shows the inverse relationship between the interest rate and ou...

Q: Identify and describe the type of international business of Sushiro.

A: When a good is manufactured, cost analysis  takes place for producing that good and process of busin...

Q: assume that the price levels for a product is :[11,9,7,4,2], then create a table showing the Qd and ...

A: In economics, an excess supply, economic surplus market surplus or briefly supply is a situation in ...

Q: You currently have $250,000 in your retirement account. What equal ann each year for the next 13 yea...

A: Given the present value = $250000 Time, n = 13 years Interest rate, r = 8% Future value = $37000

Q: Two weeks later your mom loses her credit card at the grocery store. What can an identity thief do w...

A: Credit card is the plastic money through which you can buy things at the moment and pay later.

Q: Find Nash equilibrium and equilibrium of dominant strategies. а. N A b. L C P (3;1) (2;3) (10;2) U (...

A: Answer -

Q: Which of the following is not a barrier to entry for new firms in an industry?  A. Economies of scal...

A: The barriers to entry are considered as an obstacle or hindrances that make entry into the market mo...

Q: Find the point (x,y) that solves the following problem: 1 1 u(х, у) — — In x +-In y s.t. PxX + руҮ —...

A: Given; Utility function; u(x,y)=12In x+13In y Pxx+PYy=m MUx=12×1x       =12x MUy=13×1y       =13y  

Q: Define natural monopoly. Describe the two problems that arise when regulators tell a natural monopol...

A: Answer - "Thank you for submitting the questions.But, we are authorized to solve one questio  at a t...

Q: interrupts the oil supply. How responsive do you believe the customers will be to price changes as a...

A: Opportunity cost and consumers: Consumers have to make choices while purchasing goods and services. ...

Q: Pls solve all questions with zero plagiarism for good rating/ upvote

A: Anthropology is characterized by holism, relativism, comparison and fieldwork. So here all options a...

Q: 5. The following are some of the costs of a clothing manufacturer State which among them will you co...

A: To find : Which will be fixed cost

Q: Question 1 The following table gives the daily supply and demand for mochi-ice cream at a store: Tab...

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: Please try to solve it in 20 minute How much money would you pay in interest if you borrowed $1,600 ...

A: Compound Interest - It is the interest which is charged over principal and also charged in addition ...

Q: 2. Excise tax is a part of

A: To find : Excise test will be part of? 

Q: Investment 200, Net Exports 50, Total Tax Reven 250, Income tax rate 10%. How much income should bee...

A: A budget is an estimation of revenue and expenses over a specified future period of time and is util...

Q: credit card statement in the mail. She paid the bill online and threw the statement away. How can sh...

A: To find : Whether this is case of fraud or not. 

Q: Identify which market structure the following products are likely to fall under based on the charact...

A: Market structure, basically refers to the structure that classify different industries according to ...

Q: Look at the tables below. Maximum Price Minimum Person Person Willing to Pay Acceptable Price Bob $2...

A: * SOLUTION :-  (17) Asp per guidelines I answered first three sub parts only please repost other one...

Q: Peter Scents has been given two competing offers for short-term financing. Both offers are for borro...

A: A loan can be taken as either a discount loan or an interest-payment loan where discount loan provid...

Q: If a certain present value P is amortized into 10 equal payments, then the future worth F will alway...

A: Since you have posted multiple questions, as per answering guidelines, we are supposed to solve only...

Q: 1 According to the Solow Model, which of the following statements is correct? 1. An increase in the ...

A: When talking about the Solow growth model, it can be said that the changes in population, capital, t...

Q: 8-hour physical work capacity 60% 40% 20% 0% 3 4 5 7 Time Working on Job Figure 2: Maximum physical ...

A: here we explain the MPWC   shown in the given diagram of male and female as follow;

Q: Lorenz curve show the inequality in income distribution but it does not show    a. the debts involve...

A: The Lorenz curve is frequently accompanied with a straight diagonal line with a slope of 1, which in...

Q: In Engineering Economics, which among these is/are true about a discount? A. It is the difference be...

A: Discount rate:- In a discounted cash flow (DCF) evaluation, the discount rate can be explained  as t...

Q: The price of a product is expressed as p, PHP = 10 – 28D where D is the demand. Which of the followi...

A:

Q: Save if the inverse demand function for toasters is p = 85 - 2Q what is the consumer surplus if the ...

A:

Q: According to our analysis of a worker's choice of how much to save for retirement using our model of...

A: Answer:-  (D) An increase in the interest rate.   

Q: Assume the production function takes the general form (as in lecture notes) Y = z x F(K,L,A) where a...

A: IntroductionThe production function is defined as follows: Y = Z × F (K, L, A) where, Y = output z =...

Q: Monopoly, Oligopoly microanalysis about vouch insurance?

A: To find : Monopoly on vouch insurance company. 

Q: In 2011, the greatest number of legal immigrants arriving in the United States came from: A. India...

A: D. Mexico and China Option "D" is correct. Mexico and China were the countries with the most legal ...

Q: Suppose a market in which demand equals Q=1200-10p and supply equals Q=20p a- What is the value of ...

A: Consumers' surplus is a proportion of consumer government assistance and is characterized as the abu...

Q: Right now, you hold an investment in a bond that is returning 7% annually and you have had it for 2 ...

A: Here, it is given that a bond is providing 7% annual rate of return for two years, but there is infl...

Q: 1) The local breakfast restaurant has a new offer: those who buy more than 10 sandwiches a month get...

A: Given information Offer by local breakfast restaurant=50% on an additional sandwiches after 10 units...

Q: 5. The shape of rectangular hyperbola is made by

A: To find : Shape of rectangular hyperbola