7. How does economic conditions effect consumer behavior?

Q: Workers and managers in the XYZ Company have negotiated a wage agreement under the expectation that…

A: At the beginning of the contract, the CPI is 428 and the wage rate is set at $12.00 an hour. At the…

Q: To increase aggregate demand, the Bank of Canada can A. raise the overnight rate, increasing the…

A: Change in the aggregate demand causes change in the economic activities in an economy. Central Bank…

Q: A nationwide motel chain is considering locating a new motel in Bigtown, USA. The cost of building a…

A: In the annual worth method, we find the annual values of all the present values and future values.

Q: An economy has $250'000,000 of cash in circulation, with the monetary base (or high expansionary…

A: Money in circulation=$250000000 Monetary Base=$320000000 Demand deposits= $180000000 As per formula…

Q: what is the difference between nash equilibrium and dominated strategy?

A: Game theory is defined as the science of strategic decision-making that occurs in situations which…

Q: Jay is a smoker living in city A. The price for a pack of cigarettes is $6 in city A. The benefit of…

A: The private cost is any cost that a person or firm pays in order to buy or produce goods and…

Q: The Mundell-Fleming model takes the world interest rate r* as an exogenous variable. Let’s consider…

A: 1. The market forces of credit determine interest rate levels. When world production, global prices,…

Q: 4. Profit maximization in the cost-curve diagram Suppose that the market for candles is a perfectly…

A: Firms in perfect competition are price takers and they maximize profit by producing at P=MC

Q: in monopoly, market power permits you to price above MC. What limits how high a price you can set?…

A: In monopolistic market there is a single firm selling unique good.

Q: Malena has $800 per month to spend on electricity and "other goods". Price of "other goods" is one,…

A: Slope = - price of electricity/ price of other goods

Q: If the natural rate of unemployment is 5.0 percent, the current unemployment rate is 7.3 percent,…

A: Okun's law: - Okun's law shows the relationship between the unemployment rate and the output gap, it…

Q: Required information The Briggs and Stratton Commercial Division designs and manufacturers small…

A: The annual worth is the net of the relative multitude of advantages and costs caused by more than a…

Q: 6

A: Non-excludable: - it is a condition where a person cannot stop another person from using a good or…

Q: 1. (25 points) The market for study desks is characterized by perfect competition. Firms and…

A: The total cost and marginal cost functions for the representative firm are given by the following…

Q: 3. In a model of quantity competition, duopolists compete for a market where demand is given by P =…

A: In Stackelberg duopoly, two firms compete in quantity where one firm is a leader and the other is a…

Q: 11 If accounting were a production system, a journal would be an “output." Group of answer choices…

A: A journal records all financial transactions of a firm or an organization. It records debit and…

Q: The economy of Andorra is currently experiencing unemployment rates of 5% while economic growth is…

A: As the money supply decreases, businesses will get less money and will fire workers so that…

Q: Any one-off or all price discrimination, bundling and two-part tariffs are not strategies applied by…

A: The difference between the price being paid by a consumer for an item and the price that the…

Q: Through the domestic monetary transmission mechanism, decreases in money demand cause O A. deflation…

A: The economics as a study is based upon the basic idea that the resources which are present with the…

Q: What was real per capita GDP in 1933 measured in 2013 prices? Use the data in the table below to…

A: The per capita gross domestic product (GDP) is a financial measure that calculates a country's…

Q: equipment proposal from two vendors A and B have been received from a local company. The quality of…

A: Answer given below,

Q: 7. Why might a regulator of possibly collusive oligopolists prefer less transparency in how each…

A: Some of the research on the implications of increased market openness on the oligopolistic…

Q: 6. Which of the following is not correct? * The consumer price index gives economists a way of…

A: here we find the correct option as follow;

Q: Question 34 A perfectly competitive firm has the following cost structure per day: Output Total Cost…

A: A perfectly competitive firm is one of the many firms producing identical goods.

Q: DBS Builders Pte Ltd purchased an asphalt paver eight years ago for $280,000. The estimated…

A: To make a replacement decision we need to compare the EUAC of old asphalt for the years it can be…

Q: What is managerial economics? (only 50 words)

A: Economic analysis is the study of how individuals, organizations, and governments allocate resources…

Q: Evaluate the required value based on the given standard notation BD75,000 (F/P, 8%, 10) О А. BD…

A: The value of (F/P,8%,10) will be 2.158925. The required value will be given below = BD75,000…

Q: Assume that you are the owner of a company. You need money. Evaluate the advantages and…

A: Funding is the act of providing resources to finance a need, programme, or initiative. This might be…

Q: 16. The variability of real exchange rates has been much greater when a country adopts of fixed…

A: When talking about fixed exchange rate system, it can be said that this system is given by Bretton…

Q: What happens to the weight attached to food over time in most countries?

A: The CPI is the consumer price index. It measures the weighted average price of a basket of consumer…

Q: On the standard Phillips curve diagram, why do both the Y axis (unexpected inflation) and the X axis…

A: Phillips curve:- The Phillips curve can be explained as economic theory that asserts that inflation…

Q: 3. Suppose Boardwalk cafe is the only shop that sells smoothies at the UWI campus. The marginal cost…

A: Introduction Here Boardwalk café is the only shop which sells smoothies. Marginal cost of smoothie =…

Q: Consider providing electricity to a home which needs 10 kW of power by the two options A & B given…

A: For Annual Cost basis of comparison we derive the annuity of the net cash flow of the costs of two…

Q: Lynn owns a tutoring center that supplies SAT and ACT test preparation service for high school…

A: Market power refers to the ability of the firm to influence the market. It is possible to interpret…

Q: try A having comparative advantage in wheat and country B in térs, according to the…

A: Disclaimer- “Since you have asked multiple question, we will solve the only first question for you…

Q: If there was a policy that required all refrigerators manufacturers to produce energy efficient…

A: Carbon Tax and Cap & Trade - The goal of a carbon tax is to establish a price on greenhouse gas…

Q: 7. How do sticky wages and prices make monetary policy effective in the short run?

A: When earnings of workers do not tend to adjust to changes that occur in conditions of the labor…

Q: The break-even point is the sales level at which total sales equal total costs, resulting in zero…

A: A break-even is the point at which a company has neither a profit nor a loss.

Q: 15. Canada should move to a common currency with the United States once it has much the same…

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

Q: oduct. Use a numerical table of price and demand to explain. at effect this increase in prices will…

A: *Answer:   law of demand establishes a inverse relationship between price of a commodity and…

Q: #60

A: Profits for a firm are extracted by taking a difference between business revenue and cost of…

Q: The average propensity to save is 0.39 Calculate saving if income is $650

A: We have:- APS = 0.39 Income = $650

Q: Hyperinflation is extremely rare in countries where the Central Bank is independent of the rest of…

A: The answer is as follows:-

Q: The first panelist, Stephen Stanley, suggests the economy may be over‑heating, while the second, Bob…

A: Concept: Overheating refers to when the economy is using its all resources at full capacity. This…

Q: Increasing the number of neighbours each case is matched to tends to have which effects on estimates…

A: Standard error  reflects how much the population mean differs from the sample mean. It indicates how…

Q: Why do we not rely on competitive markets to supply us with the "correct" quantity of money?

A: Money supply is regulated by the reserve bank or the central bank of any nation and is used for…

Q: Amy is a chocolate lover and has a total of 50 dollars to spend this week. The price of a certain…

A: Given Utility function U(q)=q+50-pqq∈0,50PTotal budget=50Price of q=50

Q: When the exchange rate rises, the demand curve for foreign exchange shifts and the supply curve of…

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

Q: Q. 30 The t test can be used for testing the JOINT significance of ALL explanatory variables x2, x3,…

A: There are various methods to test the significance of the exploratory variables in the regression…

Q: 2. A Machine costs $30,000 to purchase . Salvage value of the machine after 5 years = $7000.…

A: Initial cost= $30,000 Salvage Value5 = $7000 Interest rate = 10% Operating cost is not given hence…