A 40% average income tax in the country is a good example of how the country is very fair because everyone in the country will be able to get free social care, free dental care and free general education." Is this statement true or false? Explain.

Q: At the price P1= $950, the monopoly will sell a quantity Q1 = ______     At the price P2= $400, the…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The monopolist will produce which quantity of output? a) Q1 b) Q2 c) Q3 d) Q4 e) none of the answers…

A: A monopolist is a single seller. He is the price maker.

Q: Calculate the CPI, based on the following information. You must show your work to get full credit.…

A: CPI = Cost of basket at current periodCost of basket at base period period*100

Q: Assume the following model of a closed economy:   Y = C + I + G C = 120 + .5(Y – T) I = 100 – 10r…

A: For IS equation Y = C + I + G Y = 120 + .5(Y – 50) + 100 – 10r +75 Y = 295 + 0.5Y - 25 - 10r Y -…

Q: How to construct a Ad, SRAS and LRAS curve for economy with.. full employment  Economic boom A…

A: LRAS is vertical at full employment. There is an economic boom when more than full employment output…

Q: South Plains Manufacturing Inc. must select a process for its new product, TT2, from among three…

A: P(a) P(b) P(c) FC 10,000 20,000 30,000 VC in units  $80 $95 $120

Q: Discuss the current Fiscal Policy with the impact of the coronavirus on macroeconomics in place to…

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

Q: 3. Mr. Willy is determined to raise his revenue of selling blankets in the market. He is…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level

Q: 6. If the Nearovia government is primarily concerned with maintaining stability in its Real GDP,…

A: Exchange rate is the rate at which nation's currency are exchanged. Generally the value of currency…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: GDP is the value of final goods and services produced in the economy within a given period of time

Q: b)  Area G

A:

Q: NBA players in 2021 were paid an average of 1.5 million dollars per year. What salary from 1970…

A: Inflation is the general rise in price level during the year . It is calculated as the CPI(2021)-…

Q: In an analysis of the market for paint, an economist discovers the facts listed below. For each…

A: There are many factors that can lead to change in the demand and supply within an economy, if we…

Q: Need now please

A: The answer is - e) None of the answers are right.

Q: Suppose that the government wants to raise investment but keep output constant. According to the…

A: Investments refer to the amount of money or capital stocks that people give to a firm or institution…

Q: How is food security and employment linked to poverty?

A: Poverty is basically described as a lack of enough financial resources to meet basic needs such as…

Q: describe the impact of a 300 billion dollar increase in government spending when the marginal…

A: Here, it is given that the economy has the marginal propensity to save as 0.20 and governement…

Q: Douglas Fur is a small manufacturer of fake-fur boots in Philadelphia. The following table shows the…

A: The following formulas have been used to complete the above table Marginal cost = (change in total…

Q: Suppose there is a small town with two high-end restaurants. Suppose additionally that a major…

A: Since the question you have posted consists of multiple parts, we will answer the first three parts…

Q: Save At age 20, a person deposits $355 in a savings account paying 1% interest compounded…

A: Here, given information is: Principal amount (P): $355 Interest rate (r): 1% Time period (n): 70…

Q: p= (q – 4)² p =q° +q+7, The inverse demand and supply functions for a product are given by and…

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: 5

A: MPC (marginal propensity to consume) refers to the ratio of change in consumption to the change in…

Q: • For a country with a given debt/GDP ratio at time t-1, if the growth rate of GDP was less than the…

A: The debt-to-GDP ratio refers to the amount of public debt of a country as a portion of its GDP. For…

Q: AD will shift to the right, other things being equal, when

A: aggreagate demand is defined as the total demand of goods and services within an economy. Now, AD =…

Q: Suppose that there are only two countries in the world: Localia (which is us), that uses the…

A: supply and demand, in financial aspects, the connection between the number of goods that makers wish…

Q: Using the web, find out how many countries have a higher “expected life expectancy” than the United…

A: life expectancy is the statistical age at which a person is projected to live."Life expectancy"…

Q: A firm's production function is Q = 5 + 25L - .5L2 + 30K – K2, and its demand function is PQ = MRQ =…

A:

Q: 3) A and B are mutually exclusive projects. What MARR has to be for A to be chosen? A. B. Initial…

A: Mutually Exclusive Projects is the term which is utilized commonly in the capital planning process…

Q: Question 2 You are the manager of medium-sized company that deals in production of make-ups in…

A: The imposition of a tax will raise production costs, lower output, and move the supply curve to the…

Q: H6. a. what is the present value of a two year income stream $10,000 in year 1 and $10,000 in year 2…

A: Present Value refers to the value of a series of income streams or series of cash payments…

Q: The table below represents the goods that are produced in Surrrey. Bread and water are used by the…

A: CPI = Cost of market basket in current periodCost of market basket in base period*100where Cost of…

Q: Consider an industry with four firms each having 12% of the market. The next four firms each have…

A: Herfindahl–Hirschman index is used to characterize the market as perfect competition, monopoly,…

Q: When taxes in a market are extremely low, increasing the tax rate will likely tax revenue and dead…

A: Deadweight loss is the loss in total surplus when efficient quantity is not produced.

Q: 6) Netflix is making two versions of its subscription plans (4K and FHD), which target consumers…

A: The act of selling various units of the same commodity's production at different prices is referred…

Q: How would the long-run equilibrium output change if new natural resource (energy) was discovered?…

A: Natural resources are the raw materials that are used by the business organizations in order to…

Q: Metal is used to produce plows and nothing more. When necessary, use 2013 as the base year. The…

A: INFLATION" it is the rate of increase in price over a given period of time".

Q: d. Draw a Keynesian-cross model. Label the output level of 1,400 and the equilibrium output level,…

A: * SOLUTION :-  As per guidelines I answered  three sub parts only  Thankyou.

Q: Two models, R, = 9.21+0.62t and R, =9.21+0.45t , are given for revenue (in billions of dollars per…

A: Given Model 1:R1=9.21+0.62t           .... (1) Model 2:R2=9.21+0.45t           ..... (2) For 2007,…

Q: Janice really likes potatoes. Potatoes cost $1.00 per pound, and she has $5.00 that she could…

A: The answer for both these parts are as follows:-

Q: Demand: Supply: P = 10 P = 2 + 4 Q Price ceiling 4 Q 13 4

A: Question 13 Demand equation: P=10-4Q     .... (1) Supply equation: P=2+4Q        .... (2) Price…

Q: Let the demand function for a product be Q = 50- 5P. The inverse demand function of this demand…

A: Demand curve shows an inverse relationship between price and quantity demanded. The curve slopes…

Q: Explain how the military arms race between the United States and the former Soviet Union had the

A: US versus Soviet Union: Prisoner's Dilemma In the early Cold War, the race for atomic…

Q: why do government keep banks small?

A: Government is the authority that controls all the economic, social and political activities using…

Q: 20)Marx's criticism about immiserating of workers is due to the all of the following effects except:…

A: Marx asserted that capitalism would immiserate workers: he implied that work would be "taken…

Q: Answer the following options:  (Q#7)  What is the connection between education and the economic…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: GRAPH ANALYSIS Referring to the graph below, explain how: (a) An excess of supply might be created…

A: The curve that depicts different quantities being demanded by individuals at various levels of price…

Q: A government has 15 trillion in debt (B). The real interest rate (r) is 6% . If the government…

A: The correct answer is given in the second step.

Q: A natural monopoly results when: a firm controls a raw material that is essential to produce a…

A: Taking each option one buy one..

Q: Property that has been voluntarily placed somewhere by the owner and then inadvertently forgotten…

A: Abandoned Property is that property which is not used any longer and are not occupied.  Treasure…

Q: The following statements are about the relationship between typical total product (TP), average…

A: Production function explains the unique relationship between quantities of physical inputs and…