1. The field of economics is studied under three heads, of which "subject-matter of economics" is one. Describe the subject-matter of economics' 2. Is economics a science or an art? Explain

Q: put 00 200 000 000 TC $100,000.00 120,000.00 125,000.00 130,000.00 ATC ans: In part a round your…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 subparts for you. If…

Q: A trust fund is to be formed by depositing P4,000 every six months for 25 years in a bank that…

A:

Q: A Contractor imported a bulldozer for his job, paying P 350,000 to the Manufacturer. Freight and…

A: Given  The contractor pays to manufacturer = P350,000 Freight and insurance charge =P18000 Broker's…

Q: opose Gwen's Country Curtains is currently producing 1000 curtains per month at a price of $80. In…

A: In monopolistically competitive market, the sellers sell differentiated products which are close…

Q: Assume the Central Bank buys $400K in US Treasury Bonds from corporations and the households. Also…

A: Given information: The required reserve ratio is 0.15 The currency drain ratio is 0.12 The central…

Q: What is a circular flow model

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: The Amazing Restaurant is the only restaurant in Amazing Island. The restaurant provides dining…

A: We use the mark-up formula as mentioned above which is: P - MCP = -1e where P is the price, MC is…

Q: worth box and the endowment point. act curve yA = f(xA), and plot it on the graph. optimal…

A: *Answer:

Q: The figure below shows the long-run average cost curve for the only firm producing electricity in…

A: Economies of scale occurs when firm increases level of production and average of cost of production…

Q: The regression output shows the analysis of cholesterol levels based on age, sex, hours of exercise…

A: given mulpiple r = 0.82

Q: To discourage the consumption of a product, the government should impose a tax on the consumers…

A: Taxes are the payments made to the government when a consumers purchase a product. Taxes increase…

Q: In early 2000, China was the fastest emerging economy in Asia. However, in recent years, China has…

A: Given information: C = 250 + 0.6(Y-T) --------> Consumption function T=15 + 0.05Y…

Q: What are Australia’s opportunities in global value chains (GVCs) in Asia Pacific focusing on GVCs in…

A:

Q: 1(b) Assume that the production function for an economy in the Solow Growth Model is given by: Y = K…

A: The steady state refers to the state where per capita variables do not change any more.

Q: Assume that the price cross-elasticity of demand for cream with respect to the price of strawberries…

A: To determine how much demand for one commodity will change in response to a change in the price of…

Q: A steel bar manufacturer business can make 15000 bar a week. It is determined that to achieve this…

A: Cost of production refers to all expenses a company incurs when producing a good or providing a…

Q: Assume ample reserves in the Wakandan banking system. The Wakandan Central Bank has set the deposit…

A: given deposit rate = 3.25% bank rate = 3.75$

Q: Dayna's Doorstops, Inc. (DD) is a monopolist in the doorstop industry. Its cost is TC 100-5q+q², MC…

A: profit maximization is the short run or long run process by which a firm may determine the price,…

Q: Which of the following statements is not correct? Monopolistic competition is similar to monopoly…

A: Please find the answer below.   MONOPOLY: A monopoly is a situation with a single seller in the…

Q: Draw an AD-AS graph plus the bond and forex markets. (You do not need the money market for this…

A: Aggregate Demand refers to the total of all demands of goods and services of an economy. It is used…

Q: Zack consumes mangosteen(m) and chalta (c) and his satisfaction function from consuming these fruits…

A: Given,  s=(m+2)(y+1)s=my+m+2y+2

Q: short-run: select the graph that best demonstrates how both of the scenarios below will impact the…

A: Demand refers to the amount of good a consumer is willing to buy /consume for given price levels ,…

Q: What will be the effect of a fixed exchange rate on the Jamaica economy. Please give recommendations…

A: A fixed exchange rate is an exchange rate system  where the exchange rate are fixed by central bank…

Q: 1) How did the Keynesian perspective address the economic market failure of the Great Depression?

A: British economist John Maynard Keynes changed economic theory by proposing alternatives to the…

Q: 1(a) In the Solow Growth Model the output function for the economy is given by: Y = 1.02 K 1/3 (L x…

A: The golden steady state level is reached where the consumption is maximized .  The slope of…

Q: The economy of certain country runs a budget deficit of 1% of GDP per annum for 20 years. This…

A: OPTION A is not correct because unsustainability can not be predicted alone basis of budget deficit.…

Q: What are the effects of a monetary contraction? Show the AS-AD and IS-LM with two stages and the…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: What are the effects of a monetary contraction? Show the AS-AD and IS-LM with two stages and the…

A: The Federal Reserve Bank controls and regulates the flow of money or funds under the circumstances…

Q: In Example 6.4, wheat is produced according to the production function: q=100 (K0.7L0.3). Beginning…

A: In economics, diminishing returns is the decline in the marginal (steady) result of a production…

Q: Use the diagram above to answer the next two questions: 1. What is the profit-maximizing price and…

A: A monopoly firm opeartes at the intersection point of MR and MC in order to maximize profit  Hence,…

Q: If an economy suffers from a recession induced by weak aggregate supply, the AD-AS model predicts:…

A: Aggregate demand is the total demand of goods and services in an economy. aggregate supply is the…

Q: What are the major components of trade balance

A: Trade balance, or balance of trade, is the term used to calculate the difference between a country's…

Q: The table below shows the maximum quantities of two goods that each country can produce. If the…

A: Given  Wakanda can produce either 8 tons of Vibranium or 2 tons of gold whereas Zamunda can produce…

Q: Economics Suppose that in some country A banks proportionally adjust their deposit and loan rates…

A: Answer: False

Q: Just clarify "tariffs on a variety of American exports..." to identify who is imposing these…

A: Tariff is a type of trade barrier used by the government to protect its producer or influence price…

Q: Determine and write in the space provided whether each of the following statements is true, false,…

A: GDP: It refers to the gross domestic product of the economy. The increase in the GDP shows the…

Q: The government wants to stop obesity in children, so they decide to tax soda producers for each unit…

A: Introduction Tax is divided between buyer and seller under tax incidence. It is the ultimate burden…

Q: IBM faces two types of buyers for the printers they produce. High-valuation consumers (e..g.…

A: Solution:   In this question, we are given two total valuation functions , one for high valuation…

Q: Consider the following Cournot duopoly. Both firms produce a homogenous good. The demand function is…

A: A duopoly model with asymmetric knowledge on the marginal cost of company 2 is shown here.

Q: Suppose a firm produces according to the following production function y = x₁³x2 स What is the…

A: Given  Firm's production function: y=x10.25x20.75               ...... (1) w1 and w2 be the input…

Q: Consider a two-player game between Child's Play and Kid's Corner, each of which produces and sells…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-part for…

Q: What is the price of a two year bond with a 9% annual coupon and a yield to maturity of 8%?

A: Given Information : Annual Coupon (C) = 9% Yield to maturity (YTM) = 8% Assume Face value of Bond =…

Q: Don Solomon wants to set up a scholarship program with his alma mater. If P941498 is needed per year…

A: Here, given information is, Annual payment (A) is given as P 941498 Interest rate (r) is given as…

Q: Consider a monopoly with a constant marginal cost of 10 that faces the following inverse demand…

A: Please find the answer below.   MONOPOLY: A monopoly is a situation with a single seller in the…

Q: Suppose there are two firms that each emit 30 units of pollution, and the State Pollution Board…

A: ANS

Q: A financial depository institution's reserve requirement is a specified percentage of: Group of…

A: Reserve requirements are how much finances that a bank holds in reserve to guarantee that gathering…

Q: = A new chemical cleaning solution is introduced to the market. Initially, the demand is QD 1,000 -…

A: Given,  The equilibrium will occur when Quantity demanded is equal to quantity supplied…

Q: The General Hospital is evaluating new office equipment offered by three companies. Cost Annual…

A: When an unequal life alternative is given and we have to perform increment internal rate of return…

Q: Consider the geven diagram showing the monthly market demand for electricity, where the electricity…

A: Marginal Cost refers to the extra cost that firms or producers of a certain good incurs while…

Q: 1. a. Draw and label a demand and supply diagram to illustrate the equilibrium exchange rate of the…

A: Foreign Exchange Sending and receiving one currency for another is known as foreign exchange, or…