Q: 1. Which of the following most accurately completes the statement? If drugs such as marijuana and co...
A: Here different types of questions are given one is related to drugs such as marijuana and cocaine sh...
Q: Given a system of market determined (floating) exchange rates, if interest rates rise in the United ...
A: Answer: When the demand for a currency rises it appreciates and vice-versa. On the other hand, when ...
Q: 1. Suppose that you have an income of $10 to spend on sticky hands and gumballs. Both cost $1.00. ...
A: According to the question, income is $10 which is spent on gumballs (G) and sticky hands (S). Price ...
Q: 9. Consider a no-trade-to-free-trade liberalization with a pro-competitive effect and the expected t...
A: Since the question you have posted consists of multiple parts, we will answer the first two parts fo...
Q: Investigate the issues regarding public/private/cooperative financing of sports organizations.
A: In the sports organization, finances can be i) having a less comprehensive policy, legal and less of...
Q: 1. The opportunity cost of the good is: a. greater during periods of raising prices b. equal to the ...
A: Opportunity cost Opportunity cost is the cost of next best foregone.The opportunity cost of a specif...
Q: 5. Which statement relates to macroeconomics?
A: To find : Which statement is true regarding microeconomics.
Q: 12.) Which of the following is NOT a supply shifter? a.) Change in technology b.) Change in the pric...
A: 12. The answer is - b) Change in the price of complements.
Q: YOur answers are S ng Time: 51 minutes, 21 seconds. an Completion Status: 6. 7 9. 10 Moving to anoth...
A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...
Q: ou own a printing firm. Two of your senior managers provide you with advice. The first manager state...
A: Consider the below points: * Profit maximizing level MR = MC.* Profit = Total Revenu - Total Cost
Q: The current national unemployment rate in the United States as of January 2022 falls within the boun...
A: The unemployment rate in January 2022 in USA was 4%. The Fed's estimate of natural rate of unemploym...
Q: The goal of this question is to have you use a model to determine the socially optimal provision of ...
A: Introduction 1 free to air signal is a public good or not? yes it is a public good. 2 If free to air...
Q: Qd=1500-4P ; Qs= 100+3P A. Solve for the equilibrium price and quantity B. Solve for the price level...
A: Surplus and shortage are conditions which pccur in market when there is disturbances in equilibrium ...
Q: What is the present value of the following payment series when the interest rate is 3% YR1 = $200 ...
A: Given interest rate = 3 % the Present value of each cashflow = cashflow / (1 + rate)^year
Q: Normal profit is
A: To find : What is normal profit
Q: 2.If, in the formal work sector, the unemployment rate is 20%, and the wage is $10/hour, what is the...
A: Answer -
Q: If the input cost adjustment process works very slowly so that actual output differs from potential ...
A: Actual output refers to growth that has occurred in real life, whereas potential output refers to th...
Q: If economists say that monetary policies cannot affect GDP in the long run, what do they mean? O a. ...
A: Economists generally said that monetary policies are ineffective in influencing the long-run GDP of ...
Q: Refer to the data in the table given below. Suppose that the present equilibrium price level and lev...
A: We have been given that dataset C is the relevant aggregate supply schedule. We can see that the pri...
Q: Which of the following statements is CORRECT? O a. The real interest rate is equal to the nominal in...
A: Answer is given below
Q: Complete the following table by calculating marginal product and average product. Instructions: Ente...
A: Formulas which we are going to use in this question are: 1. Marginal Product (MP) = Total Product at...
Q: What is monopoly and it's characteristics?
A: The markets are the place where the buyers and the sellers tend to meet and interact with each other...
Q: If provinces were legally bound to have annually balanced budgets, they would likely: Select one: ha...
A: A balanced budget occurs when revenues are equal to or greater than total expenses.
Q: Question 20, Warm-Up 1-1 (static) Part 1 of 3 Ann and Jack have been partners for several years. The...
A: The above question is based on the forms of business enterprise in which the above situation seems t...
Q: 16) Suppose the total cost of producing T-shirts can be represented as TC = 50 + 2q, where q is outp...
A: Marginal cost refers to the change in total cost with respect to change in output. Variable cost is ...
Q: An increase in the income tax rate in an attempt to decrease a country's debt-to-GDP ratio may not b...
A: The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic pro...
Q: The table above gives hypothetical figures for the U.S. balance of payments. The country’s current-...
A: Current account records transaction of import and export of goods and services, unilateral transfers...
Q: Pleased answer attached
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...
Q: 54.60 40.00 48.60 40.20 43.80 37.80 36.60 36.60 37.80 40.20 20.00 22.20 1.40 0.00 10 11 12 13 14 15 ...
A: A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price...
Q: Explain how the push and pull factors can affect the purchasing process.
A: Push factors are important because they help predict demand, allowing you to know future product and...
Q: TRUE OR FALSE 8. It is really important to observe the specifications prescribed by the NEDA in th...
A: Since you have posted multiple questions, we will answer the first two questions for you. If you wan...
Q: al producer and 10 million tons are imported. The steel producer produces 10 million tons of steel a...
A:
Q: RUE OR FALSE 1. The volume of our money is being regulated by the government and subject to the app...
A: 1. False: The given statement is false because the money supply in the economy is regulated by the c...
Q: I got a practice test question I dont understand in my economics class. 2. How would you show positi...
A: The aggregate supply curve shows that total quantities of goods and services are one to one directly...
Q: A monopolist serves a market with five potential buyers, each of whom would buy at most one piece o...
A: Quantity 1 2 3 4 5 VC 40 90 150 220 300 P 120 110 100 90 80 TR 120 220 300 360 400 MR 120 10...
Q: 3. Consider a home energy storage (battery) system that can store up to 2 units of energy. At every ...
A: a)
Q: Identify the parts of the business cycle 1-7 Real GDP # 5 #6 #1 Real GDP # 2 #7 # 4 Time
A: In economics, the business cycle is the diagram that helps in understanding the periods of depressio...
Q: The difference between private cost and social cost is that A) social cost only considers the extern...
A: Private Cost is the cost of producing a good or service. Social Cost is the sum of private and exte...
Q: The labour market in an economy is characterised by the following equations: Wage setting: = 0.7-0.9...
A: Wage determination in the labour market is characterized by the WS equation. There is a negative l...
Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...
A: The monetary approach with respect to the exchange rate needs, in the flexible should focus on the d...
Q: ATC 10 20 35 45 0 Quantity of Output (Units) Refer to the above graph. At the profit-maximizing leve...
A: A monopolistically competitive firm produces at MR=MC in the short run to maximize profit. MR and M...
Q: Collective rights is a concept that prioritizes the welfare of society over: Group of answer cho...
A: Collective rights is held by a group of people rather than the individuals of the group. So it prio...
Q: 4.) Which of the following statements is TRUE? a.) Economists seek to apply the scientific method to...
A: a) Economists seek to apply the scientific method to social science questions this is true statement...
Q: Suppose real GDP is constant. If the government's fiscal policy objective is to keep the size of the...
A: Here, it is given that the economy has constant real GDP and government wants to maintain the size o...
Q: Just-in-time was inspired by observing: A Farm working harvesting crops B Sewers making garments An ...
A:
Q: Spain's current real GDP (YO) is €326 billion, and grows at a constant rate of 1.1%. Portugal's curr...
A: Given, Current real GDP of Spain= 326 billion GDP growth rate of Spain= 1.1% Cu...
Q: Surplus refers to the amount of Select one: O a. All of the options. O b. amount of utilization. C. ...
A: Surplus is usually used in economic context in areas like consumer surplus, surplus wage, producer s...
Q: Suppose the long run potential output is given by the production function Yp = A*F(N,K) where A is t...
A: Production Function: Yp = A*F(N,K) there is no effect of interest rate in the long-run production fu...
Q: 6. Which of the following input factor takes risk, innovates and coordinates
A: To find : Which factor takes risk, innovates and co ordinates.
Q: Assume that the demand for food is relatively inelastic and the demand for jewelry is relatively ela...
A: Answer: If the same tax is imposed on the goods having elastic and inelastic demand then the good wi...
Step by step
Solved in 2 steps
- 2) According to the Law of Supply; what is the most important incentive for the Company. OA) Maximization of Profit? B) Charity? OC) Minimization of the Profit? OD) None of the Above...Which one will lead to increase in demand curve of french fries O a. A publicised news clip that French fries are full of cholesterol O b. A deep discount by banana fries offering buy one get one free O C. A news that potato prices will increase in future Od. Huge advertisement budget outlays by its competitorsPrice1 Price2 Quantity 1 Quantity2 demand for a.cashews 7.50dollar per pound 6.00 dollar per pound 800 pounds per month 1,000 pounds per month 65 per year b.portable hard drive (1 terabyte) 80 dollar 120 dollar 75 per year 65 per year c.12-gauge copper wire 0.60 per lineal foot 0.45 per lineal foot 2,5000 lineal feet per week 5,000 lineal feet per week d.Toothpaste 2.00 dollar per tube 2.40 dollar per tube 10 tubes per moth 9 tubes per month Using the midpoint formula, calculate elasticity for each of the following changes in demand.
- The price of the commodity is P4/unit. Complete the table below Note: The table has already been answered and the three sub-parts. ONLY NO. 4 AND 5 HAVE LEFT UNANSWERED Q Demand Supply TR TFC TVC TC AVC AFC AC MR MC Profit 0 100 0 0 100 0 100 -100 10 90 10 40 100 40 140 4 10 14 4 4 -100 20 80 20 80 100 55 155 2.75 5 7.75 4 1.5 -75 30 70 30 120 100 67 167 2.23 3.33 5.567 4 1.2 -47 40 60 40 160 100 77 177 1.925 2.5 4.425 4 1 -17 50 50 50 200 100 86 186 1.72 2 3.72 4 0.9 14 60 40 60 240 100 93 193 1.55 1.67 3.216667 4 0.7 47 70 30 70 280 100 113 213 1.61 1.42 3.04 4 2 67 80 20 80 320 100 143 243 1.7875 1.25 3.0375 4 3 77 90 10 90 360 100 183 283 2.03 1.11 3.14 4 4 77 100…Suppose a firm is operating in a competitive market and is maximizing profit by producing at thepoint where marginal revenue 5 marginal cost.Now suppose that consumer wealth decreasesin this market (and the good is a normal good).What might you expect to happen to the profitmaximizing output quantity for the firm?Figure 12-6 Price (dollars per pound) 5 Market price 4 3 2 0 10 20 30 MC ATC D = MR 40 Quantity (thousands of pounds) Figure 12-6 shows the demand, marginal cost (MC) and average total cost (ATC) curves for Jason's House of Apples. Refer to Figure 12-6. Which of the following statements is true? O Jason cannot earn a profit from selling any number of apples. O Jason should produce where MC equals $3 (point d) where he will maximize his profit. O Jason should produce where MC equals $3 (point d) where he will minimize his losses. Jason should produce where the distance between MC and his demand curve is greatest (point b).
- What is the profit maximizing combination of prices of vegetables sold double to $50? What is the profit maximizing combination of price the fruit sold decreased to $12?*2. The demand for meat pies is given by Qd = 60,000 – 10,000P. The current price for meat pies is $3.50. a) If the price increases, will more or less money be spent on meat pies? b) At what point will revenue on pies be maximized? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question 25 Economists say that a market where goods are not consumed by those valuing the goods most highly is O laissez-faire.. unequal. O inefficient. O rational. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accura
- A. What is the profit-maximizing price and quantity? B. What is the revenue-maximizing price and quantity? C. When total cost exceeds total revenue, profits are?Analyze relationship btween law of demand and law of diminishing marginal cost? B)Draw a graph to illustrate between a decrease in quantity demanded and a decrease in demand for registration cards of rashid latif cricket academy haripur.give posible reason for each.Economic profits may result from: O a. innovation b.risk taking Oc. exploiting market inefficiencies Od. all the above O e. a and b
