2. Compute for the number of blocks that an ice plant must be able to sell per month to break-even based on the following data: Cost of electricity paid per block = P20 Tax to be paid per block = P2 Real state tax = P3,500 per month Salaries and wages = P25,000 per month Others = P12,000 per month Selling price = 55 per block
Q: In the one period model, list the requirements for a competitive equilibrium, and explain why each i...
A: Perfect competition refers to the condition of the market where there are a large number of firms or...
Q: Consider the Solow model with no technological progress. Assume that depreciation equals 0.20, popul...
A: Solow Model is an exogeneous model introduced by Prof Robert M.Solow as an alternative to the Harrod...
Q: Consider the market for gasoline. You expect prices of gasoline to increase next month. What happens...
A: When it is expected that price of a good increase in future, then today, suppliers have incentive to...
Q: QUESTION 3 che Heckscher-Ohlin model with trade the wage in a countr True False
A: The Heckscher-Ohlin model is an economic theory that states countries should export what they can cr...
Q: In the Heckscher-Ohlin model with trade the wage in a country that produces both goods will depend o...
A: Heckscher-Ohlin model The Heckscher-Olin Model is an international trade equilibrium model based on...
Q: Question 14 Marginal Social Cost (dollars per course) Quantity (Number of Students) Marginal Private...
A: We know that the social optimal quantity is the level of quantity at which the social marginal benef...
Q: An increase in the standard of living of citizens of a country can be best measured by the growth ra...
A: Per capita nominal GDP:- Nominal GDP per capita=Nominal GDPPopulation Nom...
Q: Suppose all firms in a given industry have the same supply curve given by S,(p)p/4. Plot and label t...
A: The supply curve of each firm is given to be: Si(p) =p/4 There are 4 firms in the industry, so the i...
Q: In international relations Forgiving strategies are Group of answer choices (pick one) a.bad for coo...
A: International relations is the study of the interaction of states with each other and with internati...
Q: The Hotel California faces a risk that it will suffer a fire causing a $200 million loss with a prob...
A: (a) The Hotel California faces a risk that it will suffer a fire causing a $200 million loss with a ...
Q: Consider two developed and developing countries, the population growth rate of developed countries i...
A: At steady state,capital per worker is constant, that is investment is breakeven investment
Q: Which of the following models, if any, rests on the assumption of competitive factor markets? ...
A: Competitive factor markets It's a structure or system in which the product and factor markets are co...
Q: bur neighbors pay annual dues to a neighborhood association. This association refunds neighbo ues to...
A: A positive externality exists when the production and utilization of goods helps an outsider not str...
Q: Consider the Solow model with no technological progress Assume that depreciation equals 0.20, popula...
A: Given that; depreciation= 0.20 Population growth is 0.10 Capital output ratio K/Y=0.7 Savings rate=3...
Q: Consider two developed and developing countries, the population growth rate of developed countries i...
A: Given that; The population growth rate of developed countries is 2 % per year Saving rate = 30% The ...
Q: CDO City started a Solid Waste Management initiative in partnership with Tetra Pak Philippines and B...
A: In the mentioned question we have been asked about the profits which are going to be earned when the...
Q: In the specific factor model with labour as a mobile factor, introducing trade lowers the...
A: Specific factor model The specific factor model assesses the real-world occurrence of certain produc...
Q: 45 people were surveyed at the Sunway Pyramid Mall to investigate coffee preferences. The results of...
A: Introduction Here total 45 peoples were given. Children Adult Senior Latte 3 9 ...
Q: The price of a certain item decreased from $10 to $5. In response to this decrease in price, the sup...
A: Price elasticity of supply shows how responsive is quantity supplied to changes in price level.
Q: Use the midpoint method for calculating all elasticity measures below Suppose that the price of ...
A: Answer: Given, Short-run data: Percenatge change in price=10%Percenatge change in quantity supplied=...
Q: In the two good specific factor model with diminishing returns to the factors the utility possibilit...
A: 1) In two good specific factor model, two goods are produced and three factors of production are use...
Q: Assume there are two firms in a Hoteling Linear city. One firm is located at zero and the other at o...
A: Utility analysis is a quantitative strategy that appraises the dollar worth of advantages created by...
Q: Draw and carefully label the Euro-U.S. dollar foreign exchange graph. You must use the Euro/US $ ex...
A: Answer: An unexpected increase in the US inflation rate relative to the Euro Area will lead to depre...
Q: The following shows the monthly demand for oranges in my neighborhood. What is the price elasticity ...
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...
Q: K/N = 27 this year, and K/N = 30 last year, then saving is __ depreciation this year. greater than ...
A: Steady state level is reached where the per capita variables do not change. The consumption per work...
Q: Question: Orla manages a loom that produces flags (F) using thread (T) and dye (D) as inputs. Her pr...
A: Given The production function of flags Q(T,D)=T1/2D1/21/2 .... (1)
Q: (Figure: The Market for Apple AirPods) Use Figure: The Market for Apple AirPods. Suppose a country o...
A: World price= $120
Q: Explain how the reservation wage is determined in the one-sided search model
A: In microeconomics, search model concentrates on purchasers or merchants who can't right away observe...
Q: TC, = 20 + 50 TC, = 25 + 3Q; %3D %3D TC, = 15+ 40 %3! TC, = 20 +60 TC is in hundreds of dollars, and...
A: 1. Total cost is the sum of all costs incurred by a firm for producing some output. 2. where the ave...
Q: d. Using the two prices and quantities for X, derive a demand schedule (a table showing prices and q...
A: Demand and supply In an economy there is always a demand for goods and services and the supply of go...
Q: rue or false questions. Need asap. I put the answers I got for each one. 5. A core inflation index...
A: Answer -
Q: Quantity demanded is Select an answer and submit. For keyboard navigation, use the up/down arrow key...
A: The curve that depicts various quantities of goods and services being demanded by consumers is known...
Q: cost of the machine is P140 000 and has a useful life of 8 years. If the salvage value is P10 000; 1...
A: Calculation of Depreciation by Double Declining method Sum of year digit method Declining balance ...
Q: Jun works every week and is paid by the hour. From each week’s paycheck a constant amount is taken o...
A: Jun worked 30 hours and had a take-home pay of $245.17. Another week she worked 40 hours and took ho...
Q: Q1. A company produces circuit boards used to update old-fashioned computer equipment. The taxes cos...
A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...
Q: (a) A mining firm makes annual deposits of $500,000 into a reclamation fund for 30 years. If the fir...
A: Given Annual deposits A= $500,000 Future amount F=20 million or $20,000,000 n =30 we have to find r...
Q: You discover that one of your closest friends has been cheating on his taxes. Which of the following...
A: In an economy, taxes refers to the government imposed charges against the use of public goods and se...
Q: Simple interest of P1,235 is owed on a loan of P9,500 from January 2, 2016 to November 15, 2016. Wha...
A: Simple interest (SI) = PxRxT100
Q: Which of the following is true of Advantages of the US implicit Nominal Anchor? Select one: a. The F...
A: Monetary Policy refers to the decisions taken by the central bank of a country to control the money ...
Q: A hardware retailer found that, during the months of May, June and July, sales of patio furniture in...
A: At the marketplace, when a firm or policymakers observe the change in a variable due to change in an...
Q: Which of the following is TRUE about bonds? * a. If the bond price is greater than its par value, t...
A: Par value refers to the face value of a bond that issuer is ready to repay the bond holder at the ma...
Q: A firm produces at an output level where the marginal product of labor (MPL) is 50 units and the mar...
A: A firm either maximizes profit or minimizes cost and hence it follows that any firm should follow th...
Q: Consider two markets: the market for cat food and the market for dog food. The initial cquilibrium f...
A: Elasticity of supply measures the responsiveness of quantity supplied to changes in price level
Q: If THV Plastics purchases a new building now for Php 1.3 million for its warehouse, what must the bu...
A:
Q: The quintile distribution of per capita income for 2012 and 2014 are as follows: Quintile Shares 2 3...
A: 2) b) The quintiles show the distribution of per capita income based on 20% brackets i.e. the first ...
Q: If Y = F(K, N) = 2K + 5N, there are ___ returns to scale. decreasing increasing constant
A: Returns to scale posits the relationship between the input and output in proportionate term. The con...
Q: 1. What is World Trade Organization, who are its members and by which main documents it is guided in...
A: WTO is the organization that helps in maintaining the global trade among the nations. There are 164 ...
Q: A manufacturer of nne pens produces in two plants. The total cost of producing in the nrst plant is ...
A: Cost refers to the expenditure occur in the process of production by a firm. Given that, Total cost ...
Q: A U.S. electronics firm is considering moving its production abroad. Its production function is 0.6„...
A: q=L0.6K0.4 ------>Production function: At optimal point of production: (MPL / MPK) = (w/r) => ...
Q: a Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469....
A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and...
Step by step
Solved in 3 steps
- 1. Is scarcity of nonrenewable resources a major problem? What kinds of physical and economic measures are relevant to understanding this issue, and in what ways can some of the measures be misleading? What do you think are the main issues relating to nonrenewable use? 2. Do you expect mineral prices to continue to increase, as shown in Figure 11.4? Which factors do you think will determine future mineral prices?The marginal benefit of being able to emit a ton of sulphur dioxide emissions for twofirms are given by:MBX = 320 – ( Ex / 3 )MBY = 500 – ( Ey / 2 )Note that these marginal benefit figures can be interpreted as marginal cost of abatingemission down to levels Ex and Ey.Government regulators want to reduce total sulfur dioxide emissions to a total of 1200tons.a) If the government imposes the same standard of 600 tons maximum emissions onboth firms what would be the total cost of abatement (calculated as the aggregatedmarginal benefits forgone)?b) If the government distributed 600 tradable pollution permits to each firm whatwould be the final allocation of these permits after the firms trade them? Whatwould be the total cost of abatement in this latter case?12. What are economic benefits of using biodegradable plates? Explain..?
- Imagine a scenic canyon, visited by many local people as well as tourists from beyondthe local area. Consider a scenario in which a mining company has proposed to the localauthority that it be closed to the public and put into the production of coal. Thinking interms of economics as a way of adjudicating the relative value of one use of the canyon overthe other, what would you need to know in order to make a comparison or assessment?What kinds of quantitative data would inform your decision, and where might they comefrom? What kinds of things might you need to know that are hard to measure? Once youhave listed the kinds of information and data that might be available to inform this decision, do you think it would be sufficient to making this decision, why or why not?The equation of demand is Q=10000-5p, supply is Q=-2000+10p Q represents the quantity of houses on the market and P the rental price. The equilibriumrental price equals 800 euros per month. if the government imposing a maximum price of 500 euro per month,What are the effects of each measure for both house owners and people renting ahouse? And what are the consequences for the government? Analyse the measuresgraphically and mathematically.Many economists favor a carbon tax as a way to discourage carbon emissions. Suppose such a tax were to be set at $20 per metric ton of carbon emissions (1 metric ton = 1,000 kilograms). Consider a 35% efficient coal-fired powerplant that produces 50MW of electricity. Given the carbon intensity of coal is 24gC/MJ, answer the following: a) What would the annual carbon tax be for this powerplant? Answer: $2.16 million/year b) A tree farm sequesters carbon at the rate of 5,000kg per year per acre over the 40-year life of the farm. What area of forest (in acres) would have to be planted to “offset” the powerplant’s emissions over the next 40 years (roughly the lifetime of the powerplant)? Answer: 21,600 acres c) How much could the powerplant operators pay for the forestry project (in $/acre-year) and still have it be cheaper than paying the $20 per metric ton carbon tax? Answer: $100/acre-year
- [9] Suppose an environmental regulator is concerned with efficient emissions control. The regulator uses its perception about the aggregate marginal abatement cost to determine the emissions tax. What tax rate does the regulator set? [10] Suppose there is uncertainty about firms’ marginal abatement costs. Describe the relationship between AMAC and MD in which taxes would lead to lower efficiency losses compared to permits.1. Imagine that you are faced with the following three public projects, each of which costs $3000. Please assume that this cost is applied to the project at Year 0 for all three cases. Which option would you decide to build? Please assume that the discount rate is 12 percent, and that benefits start in Year 1. Make sure that you explain why you would choose the option that you select. a. A parking structure that yields $1050 of benefits per year for 10 years b. A landfill that yields $800 of benefits per year for 6 years c. A new wastewater treatment plant that would yield $600 benefit per year forever 2. Would your answer to Problem 2 change if the discount rate were 5 percent? In this case, which of the three options would you choose and why? Construct your solutions to these questions in an Excel file with seven tabs. One tab for your verbal answers to questions 1 and 2 above, and six tabs for the calculations (a separate tab for each of the three problems…Which of the following statements is correct? O a.Total surplus before the tax ia imposed is $180. O b. After the tax is imposed, consumer surplus is 25 porcent of its pre-tax value O c. After the tax is imposed, producer surplut is 36 percent of its pro-tax value. 0 d. All of the above are coroct
- Name two public goods and explain why they are public goods.What is an externality?Plants A and B emit 12 tons and 6 tons of carbon dioxide (CO2), respectively. MAC(marginal abatement costs) for a = 12 - Ea, MACb=12-2Eb MD(marginal damage) = 1/3*E (E indicates CO2 emission) Suppose that the emission trading system is introduced and the right to emit 7 tons is given to power plant A and the right to emit 5 tons is given to power plant B. At this time, explain how the price of CO2 credits is determined and how much each power plant buys or sells.