1. The table below shows the income distribution of a hypothetical village where the poverty line is at $28. Using the data in the table, calculate the FGT index for a = 0, a = 1, and a = 2. Person 1 2 3 4 5 6 7 8 Income 5 12 22 24 30 40 50 70 00

Q: If the poverty guideline for a family of four is $25,750, what is the most that a household can earn…

A:

Q: year. After that, dividend 10%, what price should

A: Given ,  Initial Cashflow : 15 millionCash Inflow : 4.5 millionTime : 4 yearsNominal Interest rate :…

Q: In order to study labor markets more easily, we make which of the following assumptions about firms?…

A: In the mentioned question we have been asked what will be assumption for the labor market.

Q: Exhibit: Factors of Production Data Period Y K 1 1 3 4 5 O 1.0293 O 1.0375 O 1.0636 100 O 1.046 106…

A: Solution:- Here option 2nd, (1.0375 ) is correct

Q: . Assume that we are at the natural rate of GDP, meaning we do not have a recession or an expansion,…

A: Interest rate and investment has inverse relationship that means when the central bank increase the…

Q: Athletes command a ___ wage than teachers because their labor supply curve is Group of answer…

A: Generally,  athletes merit the money they get. They work approach to hard not to get compensated as…

Q: The Chinese economy is -------.  The effect on the world market for timber is that the ------ curve…

A: The market forces of demand and supply determines the equilibrium price and quantity in a…

Q: A household's reservation wage is the ________. Group of answer choices lowest wage rate at which an…

A: wage rate is determined in labour market where demand and supply are equal . or it is based on…

Q: If a cost function is C(q) = 2q3 - 6q2 + 20q • what is the fixed cost? What is the variable cost? •…

A: Economies of scale refers that when the cost per additional unit is decreasing due to increasing in…

Q: Can someone please plot this supply and demand graph in excel? And upload the worksheet I do not…

A: A demand curve shows an inverse relationship between price and quantity demanded. It has a downward…

Q: The present worth of a $5 using the equation : P= 500(P/A, 8%,9) (P/F, 8%,2) cash flow Select one: O…

A: The present worth of $500 cash flow that starts 3 years from now and continues till 10 years at the…

Q: A perfectly competitive firm's total cost and marginal cost functions are: TC = 40 +0.1 Q² -0.2Q and…

A: In the perfectly competitive market, firm produces where the P =MC.

Q: G5

A: We know that The banks are considered to be one of the most important entities in the financial…

Q: What is the role of economies of scale to determine the success of a firm in managing forces of…

A: Competition: It refers to a situation that exists in a market where there is a number of firms that…

Q: What are the objects of public debt?

A: Public debt refere to the funds collected by the government of the country from its citizens or…

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: What is single tax system? Write its merits and demerits.

A: A single tax is a taxation system that is based mostly or solely on one tax. This tax is often…

Q: A person in the civilian labor force falls into one of two categories O a self-employed worker or a…

A: Answer   Option b    unemployed or employed.

Q: The supply and demand conditions facing a firm that makes refrigerators and generates a negative…

A: Negative externality refers to when third party incurs cost of transaction in which it is not…

Q: A business man invest his savings which is worth 37000 pesos, Part at 8% and the rest at 9.5% annual…

A: Investments are defined as assets bought or invested in with the goal of increasing wealth and…

Q: Consider the Normal Form Game characterized in the following figure: P1\P2 X Y Z (1,1) (0,0) (-1,0)…

A: We see the best choice for player 1: If player 2 chooses X, player 1 will choose A because 0>1.…

Q: The following tables describe supply and demand curves for a market. H P 70 20 50 S D Q Suppose the…

A:

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: Consider the following Stackelberg environment. There are three firms in the market. All firms…

A: Stackelberg Model of oligopoly is the one in which there is a leader firm and follower firms , such…

Q: 1. When the Fed increases the supply of money, A. the Supply of Money curve shifts leftwards, the…

A: The central bank of the country controls the money supply.  The money market equilibrium is…

Q: The substitution effect implies that as the price of a substitute good. (a) increases; decreases (b)…

A: In the mentioned question we have been ask about the relationship between two goods. Substitute…

Q: TC = 4,500 + 5Q2 MC = 10Q What is the average total cost equation? a. b. C. d. ATC= 4500Q + 5 ATC=…

A:

Q: ) At 200 units of the activity, marginal benefit is $__________ and marginal cost is $__________. b)…

A: Optimal level is determined where the Marginal benefit is equal to the marginal cost of production.

Q: Which of the following would most likely create the setting for an Oligopoly ?   A. The government…

A: An oligopoly is a market structure in which a few, sizable firms control all or almost all of the…

Q: constraint optimization 1. a. use the substitution method. given the production function,…

A:

Q: If ERR > MARR, then IRR > ERR > MARR. A True B) False

A: In economics, IRR refers to internal rate of return, ERR refers to external rate of return, and MARR…

Q: section of Instruction: Use the graphing tool, 'S₁', to draw the appropriate supply line. et and

A:

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: 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: Consider a market equilibrium is a price = $2 and quantity = 100 units in the market for hand…

A: Price Ceiling is a government imposed price level which is the highest point at which any good can…

Q: Given the utility function U(1, 2) = x₁²x₂²₁ c/2/2, which of the following does NOT represent a…

A: Given the utility function U(1, 2) = 2 , a monotonic transformation of this utility function would…

Q: What is the difference between commodity money and fiat money? Is there a scenario you can think of…

A: Money is used for exchange purposes. Money is also used as unit of account and store of value.

Q: S 2

A: Production function exhibits the relationship between the inputs and the output.  Profit is the…

Q: Both Wisconsin and Illinois border Lake Michigan. The lake is becoming polluted and b deciding…

A: *Answer:  Cleaning of polluted lake will rise the positive externalities and society will benefit…

Q: Don Solomon wants to set up a scholarship program with his alma mater. If P742998 is needed per year…

A: Given information  Amount needed for scholars per year (A) =742998 Rate of interest (i)=2.5% We have…

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: What are some arguments in favour of free trade?

A: Introduction - As a result of free trade, the overall size of the economy grows. It allows for more…

Q: Which of the following stakeholders of a company would most likely be responsible for formulating a…

A: At the marketplace, people who are interested in knowing the financial and Economic health of an…

Q: Consider the following pure exchange economy with different consumer pref- erences and endowments…

A: Edgeworth box is a representation of 2 consumer exchange economy , which consists of the axis of the…

Q: 7. Solving for dominant strategies and the Nash equilibriu Suppose Dmitri and Frances are playing a…

A: Answer

Q: Don Solomon wants to set up a scholarship program with his alma mater. If P742998 is needed per year…

A: Given information: For the scholarship program, the amount needed each year = ₱742998 Rate of…

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

A: Cournot Duopoly is that form of oligopoly in which both firms simultaneously optimize their output…

Q: Bertrand is a worker in Canada with a continuous income stream at the rate of 650e dollars per year.…

A: Given, Income stream rate = 650et

Q: 5. The Marginal Product of the first worker is _______ units of output 6. Diminishing Returns sets…

A: Wage (W) = 100  Total Product (TP) (when L is 2) = TP (when L is 1) + MP (when L is 2)…

Q: High (x) 36 28 94 83 69 62 66 56 41 30 29 58 46 43 70 88 80 55 88 Low (y) 2011902280 0 22 22 74 1 55…

A: High Low 36 22 28 22 94 74 83 71 69 55 62 45 66 45 56 41 41 33 30 21 29 18…