6. As additional slices of pizza are consumed, the additional satisfaction gained from each slice is less than that of the previous slice, ceteris paribus. This is an example of A) value of the marginal product B) diminishing marginal rates of substitution C) total utility D) diminishing marginal productivity E) diminishing marginal utility T

Q: 7. Modified by fiscal or governmental action -market failure -allocation of resources -artificial…

A: Government action or fiscal action represents the government intervention in the market to regulate…

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A: The improvement in a country's ability to produce a good over time as a result of increasing…

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A: As per student demand I have done answering it within 100 words in the step of 2. Please follow in…

Q: welcoming Ritual 10/4/22 What is the monthly payment for a $5,000 4-year loan with an APR of 2%?…

A: Loan Amount = 5000 n = 4 years r = 2%

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A: Economies of Scale: Economies of scale refer to the business situation when a firm produces huge…

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A: Marginal cost is defined as the change in total production resulting from producing an extra unit of…

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A: Utility maximization means maximizing the utility of the consumer given his/her budget constraint.…

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A: Given  The marginal cost of a book =2 Fixed cost =0. The inverse demand for books in country 1 is…

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A: Employed = 12,000 Unemployed = 4,000 Not in labor force = 5,500

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A: Equilibrium is the state where market supply and demand balance one another, and subsequently,…

Q: Generalized Matching Pennies: Two players choose a number between 1 and 3. If the players choose the…

A: In the game of matching pennies, each player chooses a number between 1 and 3. If the players choose…

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A: Introduction  Monthly income of shoes and pizzas $1200  The price of pair shoes $60 and the price of…

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A: given that, loan amount = P1000 interest rate = 20% 24 equal payments

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A: Exchange rate is the price of a currency in terms of other’s currency.

Q: An analyst is given the data in Table 1 for the annual sales for Company XYZ, a maker of paper…

A: Given  Intercept value =-94.88 Slope coefficient (industry sales) =0.2796 Interpretation of slope…

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A: Total output is the total product producing using inputs of production.

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A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…

Q: Consider a competitive market for red lentils with 100 identical farmers in Horsham Victoria, a…

A: Given that:   Consider a competitive market for red lentils with 100 identical farmers in Horsham…

Q: efer to the information provided in Table 2 below. What is the inflation rate for 2005? (Round off…

A: Inflation is a situation in which the prices of the goods and services increases unexpectedly.

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A: Given:- Yearly payment=100,000 Down payment=500,000 Discount rate=14% To calculate:- Cash price=?

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A: Please check the solution below

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A: Given that, A parternership will generate revenue  p = 2x + y + xy  Where , x and y are the efforts…

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A: Scarcity refers to the fact that people have unlimited wants but limited resources are available. So…

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A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

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A: Condition for Optimality Price = Marginal cost   Condition for Market Equilibrium Qd = Qs

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Q: MACROECONOMIC

A: Introduction: It is given that the total amount that is held by ALI in cash is USD 200. Out of this…

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A: The marginal cost measures the change in the total cost when one additional unit of output is…

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Q: given present value = $10,000, n = 4, and i = 6%, the future value notation would be the following

A: The formula for Future value is Present Value (PV) = Fututre Value (FV) / (1 + i)n

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

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A: Given  T-shirt Enterprises is operating in a purely competitive market so it can not influences the…

Q: = 8. Jane lives in a dormitory that offers soft drinks and chips for sale in vending machines. Her…

A: Marginal rate of substitution is the rate at which one good can be substituted for other, keeping…

Q: Assume a competitive firm faces a market price of ​$120​, a cost curve​ of:   C​ = 13q3 + 20q +…

A: We have, Market price =  ​$120​ cost curve​ of: C​ = 13q3 + 20q + 500​, The marginal cost​ of: MC =…