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Q: The GDP of the U.S. in 2002 was around $10 trillion. This means   Group of answer choices All of…

A: GDP or Gross Domestic Product is the sum total of the market value of final goods and services…

Q: A typical firm in industry X has the following total cost function: TC = 400 + 20*q + 0.25*q2, where…

A: We have the total cost function as:  TC = 400 + 20q + 0.25 q2where q : unit of output

Q: Question 5 Consider a corn farmer with one acre of land. In addition to land, other factors include…

A: The Marginal product refers to the change in the total product when additional unit of variable…

Q: Calculate the following values for the permutations and combinations. a. P3 b. P Co C.

A: Prn=n!n-r! where n >= r  And  Crn = n!r! (n-r)! where n <= r

Q: When a good becomes more trendy, is there a: change in demand/change in quantity demanded/change in…

A: The Change in the quantity demanded is change which is caused by the price change. Change in the…

Q: urgently help me plz

A: Exchange Rate: We know that The exchange rate represents how much of a currency is needed to…

Q: Which of the following is a main route by which developing countries have sought to obtain the…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: The nation of Potchatoonie produces hockey pucks, cases of root beer, and sandals. The following…

A: Introduction Here Potchatoonie produces hockey pucks, cases of root beer, and sandals. Here we have…

Q: . ______________ is a special field of economics which concentrates on the study of countries which…

A: “Since you have asked multiple questions, we will solve the first question for you.  If you want any…

Q: If the Citrus Growers Association grows $1 million worth of oranges, sells $500,000 worth of…

A: 1) In the GDP computation all the final items and services produced within the boundary of country…

Q: what are four goods and services that people consumed on an average day

A: The ultimate good that a company makes and sells to the customer is referred to as a consumer good.…

Q: Find the consumer surplus at the equilibrium 13) D(x)= 5 – 3x; x = 1 A $1.50 B) $6

A: Information given is:- D(X) = 5-3x , X=1

Q: A firm makes beer and its cost function is C(q) = 4+q². Are there economies of scale?

A: Economies of scale refers to the situation when average cost decreases with increase in production

Q: Which of the following is an example of an intermediate good?   Group of answer choices The…

A: Intermediate goods are products that are used in the manufacturing process to create other goods…

Q: Evaluate a combined cycle power plant on the basis of the Present Worth Method (PW) when MARR is 12…

A: Investment Cost = 12,693 Salvage Value = 3,000 Annual Operating Cost = 1000 Overhaul Cost (end of…

Q: Market Commodity Basket Milk Eggs Bread Quantity 10 gallons 10 dozen 10 loaves 2010 2011 Price price…

A: Inflation is the rate at which prices for products and services increase. Inflation is sometimes…

Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…

A: GDP The market value of all financial goods and services produced in a domestic territory over a…

Q: 1. Provide a brief explanation of each of the components of Gross Domestic Product: Consumption…

A: These terms such as GDP, net export, consumption expenditure, etc are the components of the national…

Q: 13. The equilibrium price of coffee in an economy, measured in dollars, is about $2,000 per ton. To…

A: The law of demand says that if everything remains constant except the price then the demand and…

Q: A bicycle component manufacturer produces hubs for bike wheels. Two processes are possible for…

A: In economics, total cost (TC) is the least dollar cost of manufacturing some quantity of output.…

Q: Evaluate a combined cycle power plant on the basis of the Present Worth Method (PW) when MARR is 12…

A: Investment Cost = 12,693 Salvage Value = 3,000 Annual Operating Cost = 1000 Overhaul Cost (end of…

Q: show if completness imply transtive, and transitive imply completness prove

A: Completeness does not imply transitivity. Transitivity does not imply completeness.   Explanation:…

Q: 3. Demand is the quantity of certain commodity that is bought at a certain price at a given place…

A: Demand is just a consumer's desire to purchase goods and services right away and to fork over the…

Q: The term market failure refers to Select one: O a. a market that fails to allocate resources…

A:

Q: Consider an economy in which the amount of investment is equal to the amount of saving (i.e., the…

A: γ: the fraction of output of income that is invested/saved The production function is y=Ak^α …………….…

Q: Company A successfully launches a hostile takeover of company B, in which company A purchases all…

A: Gross domestic product is the monetary value of every completed great and services made inside a…

Q: Consider the labour market for heath care workers, which is in equilibrium. Because of the aging…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: he following two incidents involve simultaneous shifts in the demand and the supply curves. Analyze…

A: The equilibrium is established where the demand and supply for houses are equal. The change in the…

Q: 7. Use cross-price elasticity of demand to define the following commodity types: • Substitutes…

A: The degree to which the quantity desired for one good responds to a change in the price of another…

Q: 28 24 20 16 12 8 4 0 P D1 048 12 16 20 24 Q I 14. If a $6.00 per unit tax is imposed on this…

A: Demand and supply curve determine the equilibrium price and quantity at the point of intersection of…

Q: 11 Q3. y=LAK and (p = $10, w = $5,r= $5). Find the optimal labor and capital, (L", K") to maximize…

A: The amount of labour that maximises production and profit while minimising expenses is referred to…

Q: How do we define economic welfare ?

A: Economics is the investigation of how social orders utilize scare assets to deliver significant…

Q: 1. The broader economic factors is also called micro-economics. Group of answer choices True…

A: Since you have provided multiple questions, we will solve the first question for you. If you want…

Q: Suppose an economy produces steel, wheat, and oil. The steel industry produces $80,000 in revenue,…

A: Gross Domestic Product or GDP is the aggregate of the money value of all products and services…

Q: QUESTION 20 f(x) = (3x-4) 4. What is f'(x) at x=2? QUESTION 21 f(x) = x-1 x+1 What is f'(x) at x=1?

A: To find out f’(x) of a function, differentiate the function with respect to x taking other variables…

Q: A large wood products company is negotiating a contract to sell plywood overseas. The fixed cost…

A: Given, p=$600-0.05DFixed cost = $885,093Variable cost = $135 per thousand feet

Q: What are the 3 basic economic problems? Briefly

A: An economic problem is one that arises as a consequence of a scarcity of resources and requires…

Q: Use the following information to work Problems 1 to 3. Brazil produces ethanol from sugar, and the…

A: "Since you have asked multiple question,we will solve first question for you.If you want specific…

Q: Need help with question 7 and 8 please

A: The "Golden Rule" of government spending is a financial strategy expressing that an administration…

Q: 1. Given the Philippine labor statistics in the table below: a. Derive the demand and supply…

A: The labor demand curve is the relationship between the wage rate and the number of people employed…

Q: Conner runs two kinds of rafting trips. If he spends all day on a wild whitewater rafting, he can do…

A: A savings that results from replacing the cost of manufacturing a good separately with the…

Q: QUESTION 4 Why is GDP sometimes higher than potential GDP and other times lower than potential GDP?…

A: Gross domestic product estimates the money related worth of definite labor and products — that is,…

Q: If there is no tax placed on the product in this market, consumer surplus is the area O a. A. O O O…

A: The price a person is willing to pay for a good and the market price for that good are separated by…

Q: PRICE (Dollars per pound) 10 9 8 6 5 4 3 2 1 0 0 Demand 10 20 30 40 50 60 70 80 90 100 QUANTITY…

A: Price Elasticity of Demand is an important concept which shows that how sensitive a good or service…

Q: Consider a sample space S = {1, 2, 3, 4, 5, 6}. You define A as {1, 4, 6}, B as {1, 2, 4, 5}, C as…

A: Answer to the question is as follows:

Q: 53) Which of the following statements about the ripple effects of monetary policy is FALSE? Monetary…

A: Monetary policy is a bunch of activities to control a country's general cash supply and accomplish…

Q: A vertical demand curve or supply curve would be called:

A: In a vertical supply or demand, the amount that is being supplied or demanded is fixed and does not…

Q: The value of what KFC produces in Japan is included in the U.S. ________ and in the Japanese…

A: GDP is the value of all final goods and services pr9duced within the domestic boundaries of a…

Q: how Marginal cost been calculated here. {MC=Change in ATC/Change in Q} please explian still not…

A: Marginal cost is that cost which is occurred due to an additional unit of output. On the other…

Q: Why do presidents typically reappoint Chairs of the Federal Reserve Board even when they were…

A: The Central Bank of America, which is the main organisation in charge of overseeing the Federal…