Q: temand curve slopes downwards. Which of the following would not od excess supply. Fall in price.
A: Demand and supply can be plotted as bends/curves. The place where the two bends meet is known as the...
Q: You have been asked to research a small claims matter related to an unpaid car loan. The client, Joa...
A: Given is the case where Angela has only paid half of the debt amount that is $ 5000. The client Joa...
Q: Does the Marxist analysis of capitalist exploitation remain relevant under advanced capitalism today...
A: Marxism theory is based on Karl Marx's understanding, Marxist theory is also known as conflict theor...
Q: Jeanne was working in Belarusian energy sector, but after a year she became unemployed. While she wa...
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...
Q: Explain about one or two specific commodities. How do they appear in the store? What message is the ...
A: In simple word we can say that "Commodity is a good that can be traded and interchangeable with othe...
Q: Kids in the city were willing and able to buy 12 rolls of cotton candy when the price was $1.00 each...
A: Demand schedule: This shows the different combinations of price and quantity demanded of a good. The...
Q: You own a company that produces coasters. You set the price at $10 for a set of six coasters. Then y...
A: Market equilibrium is achieved at the price where the quantity demanded and quantity supplied balanc...
Q: Are there any circumstances under which society could exist without law?
A: ANSWER A Society rarely survives without some formed code of conduct. Thus it cannot exist without...
Q: Pizzas are produced using capital as a specific factor and labor as a mobile factor. The graph below...
A: Given that; Pizzas are produced using capital as a specific factor and labor as a mobile factor.
Q: Q. Differentiate the Expected real interest rate to Realized real interest rates? Give examples.
A: The realized interest rate is given by subtracting the nominal rate from the current inflation rate....
Q: GDP is defined as the market value of all in a given time period. O a. final goods and services prod...
A: GDP is the value of all final goods and services produced within the domestic territory of a country...
Q: What is the main purpose of AMLC (Anti-Money Laundering Council? * a. Monitor all transactions of ba...
A: Money laundering refers to the situation when a firm, bank or any other institution make an exchange...
Q: Why do small convenience stores which are often open 24-7 typically charge higher prices than superm...
A: Answer:- In a market, there are different forms of organizations that are delivering similar product...
Q: Assume Coal Ben is selling Hamburger plates that have an average cost of $3 at an initial price o $6...
A: Introduction Demand and cost of burger has given. So as per DCM model, price of per burger is $6 and...
Q: Ritholtz references a research paper that examined 38 states and regions from 1979 to 2016. This res...
A: Research is described as a methodical examination of a specific subject or problem using scientific ...
Q: - A market structure in which many firms sell products that are similar but not identical is known a...
A: To find : What is market structure in firm
Q: On the same graph paper, draw the Demand Curve for the Demand Schedule below, after Reiko's doctor s...
A: New Demand Curve and Demand Schedule for apple juice after Raiko's doctor advice(as per given schedu...
Q: Crop Insurance in the Philippines Only a few farmers are able to pay their loans every time their cr...
A: Crop Insurance Crop insurance is a sort of insurance that protects agricultural producers against th...
Q: Define what we mean by the labor force participation rate and explain its cyclical behavior?
A: In an economy, labor force refers to the sum of employed and unemployed individuals.
Q: The following table shows the total revenue and total cost of a firm at the various quantities of ou...
A: Total cost is the sum of all the costs that a firm incurs for the production of a good. The total re...
Q: You are the manager of a monopoly, and your analysts have estimated your demand and cost functions a...
A: A monopoly is a single firm selling unique good in the market and enjoys market power.
Q: If taxes are reduced , will most people save more or less than before ? Does national saving rise or...
A: The aggregate spending behaviors of families and public and private substances can swiftly influence...
Q: If tax incidence is not affected by whether the government makes buyers or sellers pay the tax then ...
A: In a market, governement imposes tax on the exchange of goods and services between seller and buyer ...
Q: a condominium unit can be bought at a down payment of 150,000 and a monthly payment of 10,000 for 10...
A: A 1 =150000 A 2 =10000 n=10 i=0.01
Q: In a Bertrand duopoly with homogenous goods and symmetric and identical constant marginal cost funct...
A: Market refers to the place where the buyers and sellers exchange or trade goods within the economy. ...
Q: 100 www 1975 1985 1995 Q2-2006 Q1-2009 Q1-2011 Q4-2015 Q4-2016- Q2-2017 102 10° Cumulative Productio...
A: The learning rate is defined by the ratio of percentage reduction in module price and percentage inc...
Q: -Calculate the cost of eliminating our wholesalers • Revenues are $230 million • We will have to pay...
A: Introduction Revenue = $230 million Cost of transportation = 5% of 230 = 5100 × 230 = $11.5 million...
Q: "Fed Chair Jerome Powell said he supports a traditional quarter-point increase in the Federal Reserv...
A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount borro...
Q: Suppose Bangladesh Bank increases money supply, considering both short run and long run simultaneou...
A: Bangladesh Bank increases the money supply in the economy. It can have different impacts on the aggr...
Q: onsider the following game. Player 1 has three actions: A, B, C. Player 2 has three actions: a, b.c....
A: Nash equilibrium occurs where the one firm takes the best course of action provided the strategy of ...
Q: Assume Indonesia and China are trading partners. Indonesia initially exports palm oil to and imports...
A:
Q: Figure 9 Cost curves for a price-taker firm Figure 9 shows a price-taker firm, with average cost AC,...
A: The curve that depicts the various quantities of goods being demanded by individuals by various leve...
Q: The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds ha...
A: Total cost is the sum of fixed and variable costs.
Q: hich of the following is the first step in self-leadership? Multiple Cholce establishing client rela...
A: Every successful leader possesses a number of crucial characteristics. A great sense of self-awarene...
Q: By using open market operations, the Federal Reserve O a. adjusts the supply AND demand of reserves ...
A: Open market operation:- The monetary authority of any nation sells and buys govt bonds and financia...
Q: 15. Assume the Canadian dollar is equal to $0.88 and the Peruvian "sol" is equal to $0.35. The value...
A: The correct answer is given in the second step.
Q: Give 7 things you need to do to become a better student. Explain each briefly. Give an introduction ...
A: Student:-A student is a person who is a learner and enrolled in a school or other educational instit...
Q: To usher in a new era of transformative change for a more sustainable, equitable, and greener world,...
A: Sustainable development goals - Sustainable development goals are the specific goals to achieve glob...
Q: )Which of the following people would be unemployed (or belonging to any labor market group) accordin...
A: The employed workers are those workers who are employed because they are working at some other place...
Q: Aanchal and Bradyn are two homo economicus engaged in exchange over sour snakes (x) and peanut butte...
A: Marginal rate of Substitution refers to the rate at which one good is given up to get one additional...
Q: If the Keynesian consumption function is C = 100 + 0.75Y4 and there is no investment then, when disp...
A: The consumption function, or Keynesian consumption function, is an economic formula that represents ...
Q: Poch placed Php2,500,000 in a time deposit that earns 0.75% per annum simple interest. The placement...
A: In this question we have to find out earning of yhe Banker's rule with the help of the above informa...
Q: 1 The PH debt as of today amounts 12 trillions. This balloons with an interest rate of 0.16% yearly...
A: Given that; The PH debt as of today amounts 12000000000000 The Philippines is estimated to have 110 ...
Q: Consider the p-beauty contest game. a group of people wrote down a number between 1 and 100. 2/3rd o...
A: Given information Number of players =n chooses between 0 to 100 number Winning is nearest to 2/3 of ...
Q: The utility function is u(r, r2) = rr, > 0. The good 1 is a numeraire. Price of r2 is p. Income is 1...
A: The indifference curve for utility level u0 is given by, x2=u0x1-μdx2dx1=-μu0x1-μ-1<0 since μ>...
Q: 4. Assume that Canada and Kenya are ti a. If the real interest rate in Canada decreas Canada and the...
A: The correct answer is given in the second step.
Q: 1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage...
A: Answer a. Assuming that the production for the third stage was double, the new values are : UNITS...
Q: Which of the following statements best describes the correlation between changes in the GDP and chan...
A: The answer is - c. emissions are strongly linked to changes in GDP.
Q: Khaled has developed a new technology device that is so exciting he is considering quitting his job ...
A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods ...
Q: Given the cash flows in table below. Determine the value of P. i= 6% per year Year o 1 2 3 4 5 Cash ...
A: given cashflows for 5 years interest rate = 6 % Net present value is the sum of cashflows discounted...
Do soon
Step by step
Solved in 2 steps
- Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Match each diagram in Figure 1 with its description here.Assume that the economy is producing or attempting toproduce at point A and that most members of society likemeat and not fish. Some descriptions apply to more than one diagram, and some diagrams have more than onedescription.a. Inefficient production of meat and fishb. Productive efficiencyc. An inefficient mix of outputd. Technological advances in the productionof meat and fishe. The law of increasing opportunity costf. An impossible combination of meat and fish
- 1 explain the role of ceteris paribus in economic analysisASAP DECİSİON RULE FOR UTİLİTY MAXİMİZATİON As I understand we choose the good which has higher marginal utility per dollar . BUT MY QUESTİON İs that What if our budget is not end up and the marginal utility per dollar is same for both good What should we do at that point? PLEASE ANSWER MY QUESTİON DONT GİVE CLLASİC DEFİNİTİON13. A layperson says that a proposed government project simplycosts too much and therefore shouldn’t be undertaken.How might an economist’s evaluation be different?14. Economists say that individuals make decisions at themargin. What does this mean?15. How would an economist define the efficient amount oftime spent playing tennis?16. Ivan stops studying before the point at which his marginalbenefits of studying equal his marginal costs. Is Ivan
- EXERCISE 1Below is a production possibilities table for consumer goods (Food) and capital goods(Robots):A B C D EFood 0 1 2 3 4Robots 10 9 7 4 01. Show these data graphically. Upon what specific assumptions is this productionpossibilities curve based?2. If the economy is at point C, what is the cost of one more food? Of one morerobot? Explain how the production possibilities curve reflects the law ofincreasing opportunity costs.3. If the economy characterized by this production possibilities table and curvewere producing 3 food and 2 robots, what could you conclude about its use ofavailable resources?4. What would production at a point outside the production possibilities curveindicate? What must occur before the economy can attain such a level ofproduction?EXERCISE 2Explain how (if at all) each of the following affects the location of a country’s productionpossibilities curve:1. The quality of education increases.2. The number of unemployed workers increases.3. A new technique…I want you to please to solve this. It's super easy, and the deadline is in 1 hr. A student has a monthly budget of $120 to spend on eitherburritos, which cost $6 each, or sodas, which cost $4 each.1. What is the largest number of burritos that the studentcould afford to purchase in one month?2. What is the largest number of sodas the student couldafford to purchase in one month?3. Draw the student's budget constraint. Put burritos on thex-axis and sodas on the y-axis.Graded Assignment due Monday4. Which combinations of burritos and sodas are unaffordable--those tothe left of the line in the graph or those above the line in the graph? Why?5. Which combinations would leave some budget unspent - those to theleft of the line in the above graph or those to the right of the line in theabove graph?6. What is the equation for the student's budget constraint? In yourequation, use Q1 as the variable to represent the quantity of burritos andQ2 to represent the quantity of sodas.7. What is…Below is the production possibilities table for consumer goods (maize) and capital goods (tractors):Type of productionProduction possibilities A B C D Emaize 30 27 21 12 0Tractors 0 2 4 6 8i. Show these data graphically. ii. If the economy is at point C, what is the cost of one more unit of maize? iii. Suppose improvement occurs in the technology of producing tractors but not in the technology of producing maize. Draw the new production possibilities curve. iv. Now assume that a technological advance occurs in producing maize but not in producing tractors. Draw the new production possibilities curve. v. Now draw a production possibilities curve that reflects technological improvement in the production of both goods.
- 1) How does the concept of scarcity fit into an understanding of economics? How does it relate to the notion of trade offs? Explain a few factors that go into rational decision making in an economic contexr.The president of LeTall University, President John, spends $30 per week on pizzas (qz)and beers (qb). At LeTall Pizza, his go-to pizza joint, pizza costs $3 per slice and beeralso costs $3 per can. Assume fractions of the goods are allowed.(a) Draw President John’s budget line (qb on the horizontal and qz on the vertical axis).(b) President John receives a coupon from LeTall Pizza. The coupon, which will expirein a week, allows him to buy a can of beer at a discounted price of $1 per can. Itis, however, only good for a dozen cans of beer. Draw President John’s budget lineunder the coupon. Label any critical points on the budget line.(c) In another week, LeTall Pizza offers a special deal for pizza. For every half dozenslices of pizza bought during the week, one can get two additional slices for free.Draw President John’s budget line under the special deal. Label any critical pointson the budget line.Neal s a coffee drinker. At the local coffee shop, the price of a cup of coffee is $3. Neal’s total benefits from drinking coffee is provided in the accompanying table. What is Neal’s marginal benefit of consuming each cup of coffee? How many cups should he consume each day? Quantity of Coffee Total Benefits Marginal Benefit 1 $8 2 $14 3 $18 4 $20 5 $21