24. From a macro perspective, high income, mass-producing nations (such as the United States and Australia) were initially exporters of basic manufactures, but have ultimately become importers of such products. True False
Q: The following table shows worldwide sales of a certain type of cell phone and their average selling…
A: The demand function shows the connection between the amount demanded of ware by the…
Q: There is a dollar sale on neckties. You buy 10. Estimate your consumer surplus if you would have…
A: Consumer surplus is the discrepancy between the price a consumer is willing to pay and the price he…
Q: Question 2: What must be the cash flow in year 4 if the net present worth of the following cash flow…
A: Given NPV =$2000 rate of interest i=7% We have to find the value of cash flow in year 4 We will…
Q: Describe the concept of price elasticity?
A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…
Q: Carefully read the case given below, critically analyze it and answer the questions that follow:…
A: Given Demand function P =2000-10Q ..... (1) Total cost function: TC= 1000+200Q…
Q: unconstraint optimization Production function, given Q=L2+K2-2L+1, find the maximum and minimum…
A:
Q: In the figure below, S2, represents a 25 unit increase in quantity supplied at each price. Determine…
A: Equilibrium is attained where demand meets the new supply (S2). Thus, new quantity will be where it…
Q: Part A Suppose that the monopolist can produce a good with total cost TC = 24Q. Assume also that he…
A: Part A: Its a case of third degree price discrimination - Profit maximization condition is :…
Q: 55
A: The money demand refers to the total amount of all the money demanded in the economy. The money…
Q: The Trouser Company has fixed costs of 2,400 per week. In addition, we have some information about…
A: The followings are the formula to calculate the AVC, AC, and MC: Average Variable Cost (AVC) =…
Q: Required information 50 40 30 20 10 25 65 10 20 30 40 50 60 70 80 90 Hot Dogs/hour 4 When Bill's…
A: Moving from one production point to another means, producing 10 less burgers and 40 more hot dogs.…
Q: marginal factor cost is the extra cost of producing one more unit of output. True False
A: The marginal factor cost is the extra cost of engaging extra unit of input or factor.
Q: Consider some possible reasons it is taking so long for IASB's accounting standards to become fully…
A: some possible reasons it is taking so long for IASB's accounting standards to become fully adopted…
Q: Consider a 25-year loan with an annual interest rate of 7 percent and monthly payments of $1,201.53.…
A: In the mentioned question we have to calculate the values of loan amount, Lender's IRR and also we…
Q: Entrepreneurs may be subject to import quota. Import quotas are…. Usahawan mungkin akan dikenakan…
A:
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: ABZ & Company purchased a factory machine of Php. 51,000 on January 1, 2015. The machine is expected…
A: Straight-line method:- A typical form of depreciation that reduces the worth of a fixed asset over…
Q: . Which of the following would not give us a measure of GDP? a) The aggregate value of all incomes…
A: GDP is the production of goods and services during an accounting or financial year.
Q: Selim has no income in period 1 (consumption now) and an income of 1800₺ in period 2 (consumption…
A: here we calculate the maximum amount the Salim can borrow in period 1 by the following method as…
Q: Please answer completely and clearly. , year יויויויויי in millions whatis the future worth of these…
A: We have given the cash flow in which yearly payment is made but the rate of interest is compounded…
Q: Hegemonic stability theory O is a realist theory. O has become of less interest to most IR scholars.…
A: Hegemonic stability theory is a theory focused on international relations. It indicates that the…
Q: QUESTION 5 Income in Bahrain increased by 30%, as a results the demand for tuna decreased by 20%,…
A: Elasticity of income is defined as type responsiveness of the quantity demand when income of the…
Q: What is the difference between a "shift in PPC" and. a "pivot in PPC"?
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: If interest rates go down in the U.S. relative to the rest of the world, we would expect the U.S.…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Scenario Use the following information to answer questions 16-19. The graph below shows the market…
A: Monopoly market:- A marketplace is said to be monopoly if just one business is allowed to offer…
Q: An automobile repair shop charges the competitive market price of $16 per bike repaired. The firm's…
A:
Q: In the balance of payments, a current account deficit is balanced by a capital account surplus. True
A: Balance of payments (BOP) is a record of transactions made between residents of a country and the…
Q: Which of the following is a competitive benefit experienced by the first mover firm in an industry?…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…
Q: Azril is going to buy 5 new color photostat machine which is a new high technology model from Japan…
A: Given information Azril is buying 5 photostat machine. The new machines are related to high…
Q: The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour…
A: ANSWER
Q: JetBlue and Delta are the only two major airlines with regularly scheduled service between New York…
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: In the below figure, a consumer is initially in equilibrium at point C. The consumer's Income is…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first three sub-part…
Q: Question 49 A perfectly competitive firm does not have which of the following characteristics? A.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What are the objects of public debt?
A: Public debt is the total amount borrowed by the government, including all obligations, to meet its…
Q: Now suppose that a country is experiencing balanced trade. Determine the relationships between the…
A:
Q: Suppose that the demand curve for wheat is Q-140-200 and the supply curve i Q³=20p. The government…
A: A deadweight loss is a cost to society created by market inefficiency, which occurs when supply and…
Q: A manufacturing process at Core Manufacturing has a fixed cost of $60,000 per month. A total of 120…
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: King Richards deposit of Php 495 earns 3% interest compounded annually. How much money is in the…
A: First, convert R as a percent to r as a decimal r = R/100 r = 3/100 r = 0.03 rate per year, Then…
Q: Critical analysis Q15 Suppose that the Federal Reserve purchases a bond for $100,000 from Juan, who…
A: Reserves are the part of bank stores that banks hold however don't credit out. A necessary save…
Q: The following data are taken from a United States Department of Agriculture (USDA) report for the…
A: Market: It refers to a place where goods and services are available. The market sells goods and…
Q: Provide a Thorough Explanation and examples of the below as it relates to Jamaica politics. a.…
A: The Queen, with the discussion with Prime Minister, appoints a governor-general as her…
Q: k Using the information in the table below, estimate the equilibrium price and quantity without…
A: Equilibrium in the market occurs where quantity demanded is equal to quantity supplied.
Q: Find the marginal product of capital for the following production function and show if it has…
A: Returns to scale explain how production evolves over time in response to an increase in all inputs.…
Q: 3. When price of a commodity is Php 10 per unit, its demand is 100 units. When the price falls to…
A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…
Q: 1. You (row)/Your Crush (column) McElroy Corcoran The Dining Hall Game McElroy 3,2 0,0 a) Represent…
A:
Q: Would this transfer increase, decrease, or have no effect on income inequality in this group?…
A: Income: It refers to the money which people earn. The income is used by people to purchase things in…
Q: Consider the following table of long-run total costs for three different firms: A B Quantity 1 2 3…
A: A firm experiences economies of scale when its average total cost decreases with increase in output…
Q: A drug dealer knows whether his supply is high quality (@ = H), mediocre (@ = M), or low quality (@…
A: According to the probable structure of the differentiation and the classification of the quality in…
Q: Would this transfer increase, decrease, or have no effect on income inequality in this group?…
A: Income inequality: It refers to a condition where income is divided unequally between the…
E2... . 1
Step by step
Solved in 2 steps
- Assume that driving skill, S, varies throughout the population. Automobile insurers classify drivers into two categories: “Good” and “Bad”. Good drivers are those people who have driving skills above a threshold level of driving skill, S*. Bad drivers, on the other hand, have driving skills that fall below the threshold level, S*. Good drivers pay lower rates than Bad drivers. Additionally, assume that it’s common knowledge that Welsh are more skillful drivers than Scots, such that a higher proportion of the Welsh population has driving skills above S* than the Scottish population. Also assume that there is a law that prohibits insurers from learning a person’s driving skill. Suppose that drivers can decide to use a new device that will send credible real time driving data to their insurance company (e.g., speed, stopping distance, driving times, etc.) that allows insurers to correctly classify a driver as having skill greater than or less than S*. Which group would be most likely to…Assume that driving skill, S, varies throughout the population. Automobile insurers classify drivers into two categories: “Good” and “Bad”. Good drivers are those people who have driving skills above a threshold level of driving skill, S*. Bad drivers, on the other hand, have driving skills that fall below the threshold level, S*. Good drivers pay lower rates than Bad drivers. Additionally, assume that it’s common knowledge that Welsh are more skillful drivers than Scots, such that a higher proportion of the Welsh population has driving skills above S* than the Scottish population. Also assume that there is a law that prohibits insurers from learning a person’s driving skill. Suppose that drivers can decide to use a new device that will send credible real time driving data to their insurance company (e.g., speed, stopping distance, driving times, etc.) that allows insurers to correctly classify a driver as having skill greater than or less than S*. Who is most likely to employ these…Suppose U.S. drivers purchased $50 billion of ExxonMobil-produced gasoline during a recent year, with one-half purchased directly from ExxonMobil-owned gas stations and one-half from independent (or third-party) gas stations. Suppose further that ExxonMobil purchased the oil (which it refined into gasoline) from foreign producers for $20billion and that it receives 60 percent of the sales revenue that independent stations generate from selling ExxonMobil gasoline. In this case, the value added by ExxonMobil to U.S. GDP is $__billion.
- Pls answer it with step by step explanationThe Financial Markets proficiency has been more inclined to interest rates productssuch as loans and term deposits in Zambia than structured products. With the adverseeconomic repercussions that countries, including Zambia experienced during theoutbreak of COVID-19, the market has moved to structured products provision such asoptions, forwards, to mention but a few. The implementation of risk mitigation strategicby most companies made the financial market to enhance structured products that aresuitable to hedge all risks arising from investments and business operations.Assuming Zambeef employees you as the Investment Hedging Director to manage theinvestment in Zambia, you approach your bank, Standard Chartered Bank to structurean option to help hedge Zambeef future shares transactions. You enter into a 5 yearscall option contract at an exercise price of K350 and paid option premium amounting toK50. Three years later, the company has an increase in operational needs and decidesto assess…It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?
- Consider a macroeconomy where the current population is 800 thousand people. Gross domestic private investment is constant $2500 million while consumer expenditure is described by the equation: C = 580 +0.8DI. The government is fairly active, with a total expenditure of $2000 million andnet taxes of $2550 million. Further investigation of the macroeconomy reveals that imports are constant at $3000 million while exports are constant at $2500 million. Currently, the overall price level (GDP deflator) is 118 and the potental GDP level is $13.5 billion.(Question4 of 7)Now, consider that the government decreases taxes by 7.5%. While the change had a direct impact on the economy, other market conditions led to an unanticipated change in the economy. Specifically, imports decrease by 7.5%. At the same time, given the birth rate, mortality rate, and net migration, the economy experienced a 0% change in its population.1. As a result of these events, what is the current equilibrium level of GDP?…In some ways the state of the world economy is less hostile today than when (then) finance minister Tito Mboweni read his Budget Speech a year ago. Global economic growth rebounded significantly in 2021, after the decimation brought about by the Covid-19 induced recession in 2020.One of the outcomes of this was a sharp recovery in commodity prices, which has resulted in much higher-than-expected mining tax revenue in South Africa. This, in turn, has provided some welcome – albeit limited – breathing space on the fiscal front.The local economy is thought to have grown by more than 4.5 percent in 2021 – the highest annual increase in more than a decade. On balance, the finance minister should be able to meet spending demands (including the extension of the Sassa payments) for the year ahead, without widening the Budget deficit or resorting to punitive upwards adjustments to tax rates.” Define fiscal policy Describe the role of the budget in fiscal policy. Discuss how the policy…13. After Latin American independence, its economy OA. became self-sufficient and isolated. B. underwent a period of fast industrialization. OC. became a major exporter of manufactured goods. D. remained similar to what it was during the colonial period. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
- Identify ONE government policy implemented by the government in Trinidad and Tobago to deal with the decreased economic activity due to COVID-19. What was the aim of the policy?Q. 1 You are the mayor of a small town with 2000 residents. The head of your economic development agency recently conducted a survey in which the 2000 residents said that a public concert in the centre of town would be worth $20 to cach of them. Since it costs only $5000 to hold the concert, you organized and held the concert, which everyone in town enjoyed. But when you asked for donations to pay for the concert, you only collected $30 in total. What do you know? a. The survey certainly overstated how much the concert was worth to each resident. b. From the standpoint of total costs and benefits, the cost of the concert certainly exceceded the benefit. c. The concert was an example of the Tragedy of the Commons. d. Residents of the town were probably free riders.Jake and Latasha are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of alfalfa and barley each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing alfalfa or barley or to produce alfalfa on some of the land and barley on the rest. Alfalfa Barley ← (both in bushels per acre) Jake 14 7 Latasha 30 6 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.