Q: Vusi Mkhabela, the owner of Black Rose, sold food at weekend markets and did catering. He lived…
A: All those elements or forces that have an indirect impact on business operations and working…
Q: Outline and discuss three (3) of the economic growth and development impacts of international labour…
A: Economic Growth Increased output of products and services is referred to as economic growth.…
Q: 2. () Budget line 1: Wages are $12 per hour. No income tax. Draw budget line 1. (ii) Budget line 2:…
A: Utility maximizing condition is MUr / w = MUcWhere MUr = Marginal utility from leisure,w = Wage…
Q: Desired national saving: s= $20 billion+ ($400 billion) Desired investment: /"$40 billion ($400…
A: The measure that depicts final value of goods and services within an economy during given time span…
Q: The price of good X decreases by 6%. The price of good Y increases by 7%. Advertising decreases by…
A: (a) The price of good X decreases by 6% Own price elasticity of good X = (% change in quantity of…
Q: The PPF curve shows a curved negative relationship between two goods this means that an increase in…
A: A production possibility frontier (PPF) shows the combination of two goods that a nation can produce…
Q: In a perfectly competitive market, suppose that there are 1280 firms. Market demand is given by…
A: In perfect competition, there are many firms producing identical goods. The firms are price takers
Q: Which statement is correct? Select one: O a. The Gini coefficient ranks the U.S. 4th highest in…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Education benefits society as a whole. That is why, among other things, studies at colleges and…
A: Subsidies A benefit supplied to a person, company, or institution is known as a subsidy, and it is…
Q: E3
A: Producers surplus is the difference between the actual price of the good and the minimum price for…
Q: Can a company like Priceline.com sell low-priced items such as groceries and telephone calls?
A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…
Q: Replicate Leontief's test using the data shown in the following table Compute the capital/labor…
A: Here in this situation, the question is talking about Resolution of the Leontief paradox The factor…
Q: cost of coal Tumps is given by the following: MC=10+0.25Q. In addition, there is an external cost of…
A: In economics, deadweight loss refers to the loss in economic rents (or total surplus) that not…
Q: I Graphical (1) Suppose the Fed raises the real interest rate and consumer confidence falls around…
A: Phillips curve have impact of changes in Aggregate demand curve due to raise in rela interest rate…
Q: 1.Explain the role of government in social responsibility in terms of how governments and businesses…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Question 1 What is the significance of a price elasticity of demand that is equal to 0.4?
A: ep= (dQ/Q)/(dP/P)
Q: In this question, you'll explore the effect of a plentiful crop in Pennsylvania on the price of…
A: The measure that depicts various quantities of goods being demanded at various price levels is known…
Q: Industry A consists of four firms, each of which has an equal share of the market. What is the…
A: Herfindahl - Hirschman index HHI = Sum of a square of market share. Suppose there are 'n' firms, and…
Q: How much loan will be extinguished for a monthly amortization of ₱4,500 at 12% interest compounded…
A: Formula to be used: Compound interest (PN)=PO1+rKNKPN=Balance after n yearsN=YearsPO=Principal…
Q: A startup is considering buying a $295,000 piece of equipment. If it purchases the equipment, it…
A: Given information Initial investment= $295000---- by taking a loan Interest rate for repayment of…
Q: The accompanying table shows gross domestic product (GDP), disposable income (YD), consumer spending…
A: Planned aggregate expenditure = Consumption spending + Planned investment spending AEplanned = C +…
Q: economist view a perfectly competitive market structure as the ideal structure for economic…
A: According to economic theory, perfect competition exists when all businesses sell the same goods,…
Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…
A: Answer: Net export: net export refers to the difference between exports and imports. Net…
Q: In the bread market, Maria buys different amounts of bread conditional on whether the price is $2,…
A: Demand curve shows different combinations of price and quantity demanded.
Q: what is the total compounding period for 6 years 9 months converted quarterly?
A: The timeframe/period between the compounding of interest. For instance, in the event that one has a…
Q: If compounded monthly, a loan will be amounting to ₱132,400 if invested at 11.5%interest for 1.75…
A: given that, amounting = ₱132,400 11.5%interest for 1.75 years, time(n) = 12
Q: Which of the following is not a factor that could cause a shift in the demand curve for a certain…
A: Demand curve shows different levels of quantity demanded at different price levels.
Q: what is the concept of demand
A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the…
Q: Q6. Suppose you work as a tutor in your school, making $16 per hour. Yesterday, you decided to…
A: Opportunity cost is frequently referred to as the next best alternative. The loss of gain that…
Q: Why monopolistic competition is less efficient than perfect competition. Explain your answei.
A: Market structure, in financial aspects, portrays how firms are separated and sorted in view of the…
Q: The PPF curve shows a curved, egative relationship between two ods. This means that an increase in e…
A: PPF shows the different combinations of two goods that can be produced with available resources. All…
Q: year 2, and amounts decreasing by $20
A: The cash flow for the yearly profit from an annuity to rise to the profit from another speculation.…
Q: Choose the correct statement: Select one: a.There is a negative relationship between the price level…
A: The measure that depicts quantities of services and goods being demanded at various price levels is…
Q: Self-Service Technologies (SSTs) have led to a reduction of and in some instances a complete…
A: Consumer: It refers to the people who consume goods and services in an economy. The more the…
Q: Question 13 The table below presents the demand schedule and marginal costs facing a monopolist…
A: According to the question, it is given that : Quantity Demanded for a monopolist producer is…
Q: = (a) What is the current GDP growth rate (2017) in Cote d'Ivoire? (b) What is the name of the…
A: The gross domestic product (GDP) growth rate measures how rapidly the economy is growing.
Q: 10. Questionable business practices according to antitrust agencies Complete the following table by…
A: Scenario 1 - Tying: Tying is the process of combining two items into one package and charging a…
Q: indicate whether you think the statement is true or false and explain why. 9. Natural gas and coal…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Mr.Rudi is a manager in an automation company. As part of his future planning, Mr.Rudi plans to…
A: In the mentioned question we have been ask about the time value of money as they have set a plan of…
Q: Assuming that policy makers determine that a 500 billion increase in AD is needed to stabalize the…
A: There is a need to increase the AD by 500 billion to stabilize the economy. => change in AD =…
Q: Computer Warehouse buys a printer for $380 less trade discounts of the operating expenses are $57…
A: The selling price of a good or service refers to the final price set by the vendor; in other words,…
Q: what happens to the total revenue if the quantity of demand decrease?
A: Total revenue is the product of price and total quantity.
Q: A monopolist can produce at a constant average (and marginal) cost of AC = MC = $5. It faces a…
A: Given the marginal cost = $5 Average cost = $5 Demand curve, Q = 53 - P
Q: Using the appropriate formulas and an MPC of 0.85, calculate the multipliers for each of the two…
A: Multiplier effect An economic concept known as the multiplier effect describes the proportional…
Q: Which property is consistent with the functions of money? Unit of account medium of…
A: Money has some important functions which are essential for survival of economy.
Q: Suppose MPC is 0.8. If government purchases increases by $10a and cuts taxes by $503, how much the…
A: Government spending multiplier = 1 / [1 - MPC] Tax multiplier = MPC / [1 - MPC]
Q: How you calcute for the rest?
A: Elasticity is a term used to describe a variable's sensitivity to changes in another variable. The…
Q: The CARES Act of 2020 increased disposable income by $600 billion. If consumers spent $400 billion…
A: Given Due to CARES act of 2020, increased disposable income ∆YD=$600 Due to increases in disposable…
Q: Why would a profitable for-profit organization choose to exit a line of business?
A: In the mentioned question we have been asked why the profitable organizations choose to exit the…
Q: Identify the consequences of not planning following a business analysis approach to implement at a…
A: Business analysis approach Firms who are able to see new possibilities and adapt to them are more…
11
Step by step
Solved in 2 steps
- Explain what factors might have caused investor asset demand for real estate to grow in Question 2.8. Question 8 Suppose investor demand for real estate assets grows in the sense that prevailing cap rates (OARs) in the property asset market fall from 10% to 8%. Assuming usage demand remains constant in the space market, show on a four-quadrant diagram, similar to Exhibit 2-4b, the short- and long-run effects of this change in investor demand. [Hint: You can answer qualitatively or recognize that specific quantitative answers will depend on the shapes and slopes of the curves (i.e., the elasticities) in each quadrant.]If the market conditions for a given good are specified by Qd=60,000-500P and Qs=500P, If government decides to set the price at 40 current units, what policy is this? What are the implications of this action?Solve for Equilibrium Price and Equilibrium Quantity given: P = 107.5-0.25Qd Qs = 3.45P + 295.55
- If Qs = -20 + 10p, and Qd = 400 - 20p, what is the equilibrium price?What happened to the Pe and Qe if the market supply increase by 5% at all price levels without any increase in deman?Suppose we have a demand and supply curve where Qd = −2P + 42 Qs = 3P + 7 a. What is the equilibrium price and quantity? P* = Q* =
- Consider the general supply function: Qs=60+5p-12Pl+10F Where Qs = quantity supplied, p = price of the commodity, pl = price of a key input in the production process, and F = number of firms producing the commodity. 1. Interpret the slope parameters on p, pl, ane F. 2. Derive the equation for the supply function when pI = $90 and F = 20. 3. Sketch the graph of the supply function in part b. At what price does the supply curve intersect the price axis? Give an interpretation of the price intercept of this supply curve. 4. Using the supply function from part b, calculate the quantity supplied when the price of the commodity is $300 and $500.Let the following demand and supply equations be respectively:D = 5p ́ ́-4p ́ + 11S = 6p ́ ́-2p ́ + 5p-4Find p (t) with the hypothesis that the market is in equilibrium with the conditionsinitials p (0) = 4 and p ́ (0) = 7The demand and supply functions for good x are: QD = 780 – 2Px – 6Py + 0.02M QS = 200 + 4Px – 5Pr – 2W Currently, Py = 100, M = 5,000, Pr = 40, and W = 100 -What is the slope of the inverse demand curve? -What is the equilibrium market price of good x? -If the government imposes a price floor of $100 in the market, how much of good x is NOT sold in the market? -If the government agrees to buy all of good x that is not sold in the market (as a result of the $100 price floor), what does this cost the government, and ultim
- Suppose market demand and supply are given by Qd = 100 − 2P and Qs = 5 + 3P. The equilibrium quantity is:Qd= 65 – 10P Qs= -35 + 15P How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2? Show on the Demand-Supply diagram in (a), the graphical interpretation of your answer of (b).The lockdown around the world has caused the rapid growth in the electronic market as people have shifted from conventional methods to the new methods for imparting knowledge and staying connected. If demand and supply function are given as: Qd= 65 – 10P Qs= -35 + 15P Find the equilibrium price and quantity and show it on labeled D/S diagram. How do you interpret market equilibrium: (i) if P= Rs.6? (ii) if P=2? Show on the Demand-Supply diagramin (a), the graphical interpretation of your answer of (b).