12) Consider a firm that produces and sells a good for the price of $2 in a perfectly competitive market. The following table shows the relationship between the number of workers and the output of this firm. Suppose the labor market from which this firm hires its employees is competitive. Value of Marginal Number of Marginal Output Product of Workers Product of Labor Labor 1 15 2 27 3 36 4 42 5 45 46 If the wage rate in this market is equal to $18, this firm will hire workers. A) 2 B) 3 C) 4 D) 5

Q: 6. Which of the following conditions is/are necessary for multiple credit creation? (1) The economy…

A: The major source of supply of money is the central bank, which circulates currency. The growth of…

Q: The unemployment rate is the_____who are unemployed. O. percentage of people in the labor force O.…

A: The unemployment rate is the percentage of the labour force that is currently unemployed but may…

Q: Hodor, Inc. is a monopolist in the doorstop industry. Its cost is TC 100-5q + q, МС — 2q-5, АТС —…

A:

Q: In your words describe and or explain the relation between savings and investment in an open market.…

A: Savings can be defined as the income or money left with an individual after the consumption.

Q: Suppose that in a closed economy GDP is equal to 15,000, government purchases are equal to 3,000,…

A: GDP = 15,000 GOVERNMENT PURCHASE = 3000 Consumption = 10,500 Taxes = 3500

Q: The iron triangle means there are inevitable trade-offs between the three key aims of welfare…

A: Unemployment refers to state in which all those people willing to work at existing wage rate are…

Q: All of the following, except one, could have caused the increase in aggregate demand from AD1 to…

A: Here, the given graph shows the aggregate demand and aggregate supply curve of Canada with a…

Q: Since the short-run Philips curve is downward sloping and the long-run Phillips curve is vertical…

A: Phillips curve states that the inflation and unemployment are inversely related.Inflationary…

Q: Consider the infinitely repeated game constructed from the following stage game.

A: Nash Equilibrium is defined as the equilibrium where the players in the game do not gain any…

Q: 100 Rico has the demand curve for tacos T = where p is the price of 3vp is the quantity. Calculate…

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…

Q: 1. Zaggy Zargawhoop has an idea for a new business. In order to develop his idea, he needs to invest…

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

Q: The next three questions pertain to the following normal-form game played by Pepsi and Coke: Coke…

A: The given game is a prisoner dilemma type of game.

Q: You have 100 pesos a month you can deposit into an account earning 3.9% APR, compounded monthly. How…

A: The value of an asset at a future date is termed  as future value. It calculates the nominal future…

Q: If the government charges an emissions tax of $f per unit, the resulting total social cost will be…

A: externality is defined as the consumption or production done by any party, which effects the third…

Q: osure case, reveals that the continuous segment the firm's CMg curve that lies above the CPT…

A: Marginal cost is the extra cost caused for the creation of an extra unit of result.

Q: Dizz Cut price Maintain price Perlis Cut price (-1,-1) A (2,-2) B Maintain price (-2,2) (1,1) D…

A: A Nash equilibrium is an equilibrium outcome from which none of the players want to deviate. There…

Q: The following table contains hypothetical data for Canada's balance of payments in a particular…

A: Capital account of a country includes foreign investments and loans. It also includes monetary…

Q: A monopoly is forced to pay higher taxes to help their government lower their debt. Even with this…

A: The answer is - c. The monopoly to increase its price by more than the amount of the new tax.

Q: Compare the alternatives shown on the basis of their capitalized costs using a MARR of 10% per year.…

A: Given; For alternative M:- First cost= -$140000 Annual cost= -$70000 Salvage value= $8000 Life= 5…

Q: Chapter 14, Problem 5, p. 530. (not answered) In the New Keynesian model, how should the central…

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

Q: Discuss the Urbanization in the Philippines and Land Reform.

A: Urbanization is that the process by which cities expand and increasingly large portions of the…

Q: What uniform series over periods (1,8) years is equivalent at 15 % compounded annually to the…

A: Given

Q: What do you think will happen to the value of the Canadian dollar in 2022? Why?

A: Canada's dollar will strengthen more in 2022 than previous years as oil prices climb up and it will…

Q: 1. Suppose a monopoly firm has the following Cost and Demand functions: TC=2Q2 P=40-2Q MC=4Q…

A:

Q: What could importers such as the Chinese airlines have done to limit the negative impact of a…

A: A reduction within the value of a currency in terms of its rate versus other currencies is…

Q: To calculate economic value added, several adjustments are made to after tax operating profit that…

A: Fixed assets are those assets that are used for a long period of time. It means these assets are…

Q: Explain the difference between Initial Margin and Maintenance margin in stock trading.

A: The stock market comprehensively alludes to the assortment of trades and different settings where…

Q: A department store is about to order deluxe, standard, and economy grade DVD players for next year's…

A: Given information Row player has 3 strategy { Deluxe, Standard, economy} Column player has 2…

Q: QUESTION 2 What uniform series over periods (1,8) years is equivalent at 15 % compounded annually to…

A:

Q: What are some examples of rural and urban development?

A: Rural development is defined as a development and improvement in the productivity, social economic…

Q: what are the advantages of automation in a mixed economy?

A: The set of tools that are being designed in order to perform tasks that are known to be repetitive…

Q: Cesar Rego Computers, a Mississippi chain of computerhardware and software retail outlets, supplies…

A: Given; D= 36000 disks s= $25 I= 20% Purchase price= $0.85 Discount price= %0.82 Quantity needed to…

Q: Assume a competitive firm faces a market price of ​$200​,   C​ = 13q3 + 4q + 750​ MC = q2 +4 Profit…

A: The correct answer is given in the second step.

Q: f you deposit $10000 into a fund paying interest 6%. How much you get after one yea

A: Given the deposit amount = $10000 Interest rate = 6%

Q: MR AC (ATC) TC MC Profit +/ TR $170 $0 $95 $160 $195 %$4150 $145 $140 $127 4. $130 %$116.25 $120…

A: In a monopoly, Marginal revenue curve lies below the demand curve which implies the seller can has…

Q: What is the best alternative using incremental Analysis? Use MARR = 15% A B C Capital Investment $…

A: Incremental Analysis Approach Assuming MARR=15% Formula= (Annual benefit-Cost)*PVAF+Salvage…

Q: Alice and Bob are playing a repeated game in which a certain stage game is played twice in…

A: In the above game , the stage game is played twice in succession . Stage game refers to the base…

Q: the demand function and total cost function for a product are 6P = 660 − 3Q, TC = 80 − 20Q2 + 600Q…

A: * SOLUTION :-  (3) Given that,    the demand function and total cost function for a product are 6P =…

Q: Suppose a firm sells two goods, Good A and Good B. Use the following information to answer questions…

A: Given information Profit maximizing price of Good A = R200Profit maximizing price of Good B = R75MC…

Q: The City of Toronto has an outstanding $5 million face value bond carrying a 7% coupon. It makes…

A: * SOLUTION :-    Given that ,    Face value = 5000000. Coupon rate = 7% = 0.07 Every six months…

Q: what presents the greatest hindrance in the move to the fourth industrial revolution?

A: Industrial Revolution refers to the stage in history where various industries and production houses…

Q: Assume that n= 1. The real interest rate is %. (Round your response to two decimal places.)

A:

Q: Why can Q-learning sustain collusion? a. Because collusion maximizes firms' profit. b.…

A: Q-learning is basically an off-policy reinforcement learning algorithm that attempts to determine…

Q: What are the disadvantages of petrol subsidies?

A: Subsidy is a defined as the form of Government help which is provided to lower down the price of…

Q: Consider the table at right showing the supply schedules for three competitive firms, each producing…

A: The industry-supply curve is the flat summation of the supply curves of the singular firms. It is…

Q: a) Explain how the Black-Scholes option pricing model builds on the binomial model. Where does it…

A: Black Scholes refers to the pricing model that is used for the search of fair price or the…

Q: If a TV show has a rating of 8.0/16.0 what does it mean? а. 8% of all televisions in use at the time…

A: The correct option is a. If a TV show has a rating of 8.0/16.0, it means that 8% of all televisions…

Q: Empirical researchers and policy analysts find it more convenient at times to transform all of the…

A: Regression refers to the method in statistics that are used to identify the type of relationship…

Q: The accompanying table describes the relationship between the number of workers hired by a call…

A: Cost refers to all the expenditure that is incur in an firm due to any production process. There are…

Q: Styles Review Jason's assets and debts. Then answer the questions. JASON'S ASSETS AND DEBTS Assets…

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