40. Total utility of a commodity is measured by which price of that commodity?

Q: Consider country A, which is a closed economy. Suppose that A’s private saving is 280 and investment...

A: As per the information given in question, in country A saving and investment identity is : private s...

Q: 5. Suppose a bakeshop purchased an equipment worth P 100,000 equipment, which was expected to ast fo...

A: Cost = PhP100,000 Useful life = 5 Years Salvage value = PhP8000 Now, by double declining balance met...

Q: A production function is given by q=4L^( 2/3) k^ ('/?) where L = labour, k = capital. (a) Find behav...

A: The change in the total output when one additional unit of input is added, is known as the marginal ...

Q: 1. A firm's average fixed cost is Rs.20 at 6 units of output. What will it be at 4 units of output?

A: To find : What will be average fixed cost. 

Q: Give two reasons why a central bank does not have complete control over the level of bank deposits ...

A: In an economy, it is generally said that the Centra bank has the complete control over the supply of...

Q: $11 $48 $4 $3 $1 D. 75 Quantity per period 20 50 Use the graph above to answer the following questio...

A: Producer surplus refers to the area above the supply curve and below the price. It is the difference...

Q: Why are environmental regulations sometimes considered to be unfair barriers to trade?

A:   Meaning of Trade: The term trade refers to the situation under which the products and goods are tr...

Q: The ounti USS-Billions -55 Imports (goods) Exports (services) Income receipts on Stats investments a...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: Reflect on the causes for the transitions in U.S. history from one type of environmental policy to a...

A: Environmental economics is the study of the economics of environmental protection and the economic i...

Q: Given that the revenue function, R (x) = 26x - 2x and the cost function, C(x) = 6x + 20. Find %3D (i...

A: R(x)= 26x-2x2 C(x)= 6x+20

Q: ves a payoff totaling $1,000 on January 1, 2017. Suppose that n January 1, 2016, and 245 on January ...

A: Solution to above problem- A) Cost Price Of Bound = P1 = $950 Selling Price = P2 = $1000 Yield on Re...

Q: If a competitive consumer chooses consumption program x=(20,5,7) at competitive prices p=(2,1,5), co...

A: Given information  X bundle  x=(20,5,7) at competitive prices p=(2,1,5) Y bundle y=(15,10,6) at comp...

Q: what are the theories of the cycle in economic gowth and fluactuations?

A: Economic growth means the growth is achieved by increasing gross domestic product and higher living ...

Q: Given that the revenue function, R (x) = 26x - 2x and the cost function, C(x) = 6x + 20. Find %3D (i...

A: Revenue Function : R(x)=26x-x2 Cost Function : C(x)=x+20   (i) Profit function : P(x)=R(x)-C(x) P(x)...

Q: Do you agree that the tax law should treat validators who depend on proof of stake for rewards diffe...

A: Owners of a cryptocurrency can stake coins and create their own validator nodes using the proof-of-s...

Q: Technological changes in telecommunications have: Select the correct option and explain why its corr...

A: An increase in efficiency of process or product that would result in an increase in the level of out...

Q: For each of these situations, answer what happens to į) demand, ii)_supply, iii) equilibrium price a...

A: There are many factors that shift the demand and supply curve either in the leftward direction or in...

Q: Next week is Bob’s birthday and he will receive RM100.00 for his present. He saw a pair of jeans at ...

A: Here, it is given that Bob has RM100.00 from which he can either biy a pair of jeans or all other th...

Q: 1. How is Globalization depicted in the photo; how does this apply to the Philippines? 2. If this is...

A: The term "globalization" refers to the global interconnection of people and enterprises, which event...

Q: What is meant by a regulatory taking?

A: A regulatory taking is associated with property rights when a property is taken because when a polic...

Q: 47. When indifference curve is L shaped, then two goods will be

A: The indifference curve shows the different combinations of two goods that provide the same level of ...

Q: 50. If all inputs are trebled and the resultant output is doubled, this is а case of A. O Constant r...

A: Returns to scale is a long term concept which tells the response of output when the number of inputs...

Q: Define the term microeconomics. Please explain in detail.

A: Microeconomics is the study of what is likely to happen when people make decisions as a result of ch...

Q: In a classical economy, where wages and prices are perfectly flexible, an increase in the money supp...

A: The answer is - b. Increase the price level

Q: Corporate Income Taxes 240 Government Transfer Payments. 522 US Exports. 78 Undistributed Corporate ...

A:

Q: Can a debtor be put in delay and consequently, incur liability even without demand from creditor? ex...

A: Debtor:- A debtor can be explained as a legal person that promises to repay any amount to another. A...

Q: The maintenance of a room air conditioner is expected to be P2,000 at the end of the first year and ...

A: Given maintenance cost of first year = P2000 Per year increase, G = P100 Time, n = 7 years Interest ...

Q: Aggregate price level LRAS SRAS AD Real GDP Yp Y1 potential output Reference: Ref 13-3 (Figure: Shor...

A: Given:- Equilibrium is attained at point E1 and X-axis shows Real GDP and Y-axis shows Aggregate pri...

Q: debt by $24.5 trillion over the next 20 years. This will be financed through future taxes. Americans...

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

Q: -. All inputs can be varied in O Short run

A: To find : When do input varies. 

Q: What single payment at the end of year 5 is equivalent to an equal annual series of payments of P800...

A: Future Value: The value of a current asset at a future date based on an assumed rate of growth is kn...

Q: Exercise 3 Consider the MPL is currently given by MPL=30/L. The supply of labor in the country is L=...

A:  Frictional unemployment: An individual is supposed to be frictional unemployed when a person m...

Q: On the same graph paper, draw the Supply Curve for the Supply Schedule below, after Anton discovered...

A: Part B   Price per haircut ($) Quantity Supplied 6 30 8 40 10 50 12 60 14 70 16 80 ...

Q: A monopolist suffers a loss if its curve is everywhere above its curve. O a. Demand; ATC O b. ATC; M...

A: (1) A demand curve shows the price corresponding to each output. ATC curve shows the average total c...

Q: Economic efficiency of the legal process with respect to law suits requires the minimization of Ca +...

A: A general economic analysis of the law does not place its function withiñ the framework of common le...

Q: The following question is based on the production function D=80L0.7K0.3 where the cost of labour is ...

A: The production function shows the relationship between the factors of production and the quantity of...

Q: Suppose the rate of economic growth in Sealand was 5%, capital growth 6%, and labor growth 3%. If la...

A: Let's assume there is a cobb-Douglas production function: Y = AKaL1-a Where Y is output A is product...

Q: When the government finances deficit spending through the issue of government bonds, the government ...

A:  Fiscal Deficit Fiscal deficit refers to a situation in which government spends more than its revenu...

Q: President Trump is currently getting tough on trade. This means he wants terms of trade so that Q...

A: When service is produced, fixed and variable cost  takes place and process of business follow ups. B...

Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...

A: In game theory, a Nash equilibrium is an equilibrium outcome from which neither of the players will ...

Q: Which of the following did A. W. Phillips demonstrate in his famous Phillips curve? An inverse relat...

A: An economic theory proposed by A. W. Phillips states that inflation and unemployment have an inverse...

Q: Abhishek's utility function is: U = min {2x– y, 2y – x} Which letter resembles Abhishek's indifferen...

A: Utility: - Utility is the satisfaction derived by any consumer from consuming a good or service.

Q: Smith consumes all his income. Draw his consumption and saving schedule.

A: Consumption and saving The use of products and  the services by households is referred to as consump...

Q: will be the market price? If both firms collude and share the output equally, what is the revenue to...

A: Assuming two firms are there X and Y , production happens only with fixed cost and both the firm pro...

Q: Q3. John Deere expects the cost of a tractor part to increase by $15 per year (through year 10) begi...

A: Data given: Cost of tractor part in year 1-4 = $80 Increase in cost per year from 5 years from now =...

Q: The exception to law of demand is

A: To find : Which is exception to law of Demand. 

Q: Assume two moms live next to each other and both have one preschooler. They meet each other for the ...

A: GDP(gross domestic product) is the sum total of goods and services produced in an economy in a given...

Q: Aline has three contracts from which to choose. The first contract will require an outlay of $110,00...

A: * SOLUTION :-  (2)  

Q: How do changes in the healthcare industry affect entrepreneurial nursing?

A: Governments  are of utmost importance and are of certain types. In democratic government there is bo...

Q: All of the following are determinants of demand except

A: To find : Which is not determinants of demand.