A dairy farmer's milksolid production is sensitive to the use of barley when the output elasticity of barley is estimated to be 2.1. Select one: O True O False
Q: Emily wants to save part of her salary for a new car in a savings account that earns 8% annual…
A: Formula for the future value: F = P(1+R)^t Where; F: Future value P : Present value R : PA rate of…
Q: Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to…
A: The labor force consists of a number of employed people and unemployed people who are looking for…
Q: Suppose the optimal demand for two goods 1 and 2 is characterized by the relation x1= 2*x2, no…
A: We are given the relation between 2 goods at the optimal condition as X1 = 2 X2
Q: The costs of producing a commodity consist of ₱102.00 per unit for labor and material cost and…
A: Break even point refers to the economic point where the total cost is equal to the total revenue or…
Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…
A: The most popular method for calculating GDP is the expenditure approach, which is based on how much…
Q: A6 b4. Elaborate on any four current external risks that may affect trade activity of Singapore.
A: The voluntary exchange of goods or services between various economic actors is referred to as…
Q: there C is total cost, F is fixed cost, c is a constant and ost, and average cost? Over what range…
A: Given information; C(q) = F + cq Where C is the total cost, F is fixed cost, c is constant, and q is…
Q: b) 0 1 2 25 50 75 1 2 60 75 Year Cash Flow/$ Year 0 Cash Flow/$ 35 3 4 100 125 3 110 135 5 150 5 160
A: The Future Value Interest Factor will be considering the interest rate, time period, and compounding…
Q: 1. High concentrations of sulfur emitted by coal fired electricity plants are toxic for humans. They…
A: Note:- Dear learner you have posted a questions with multiple sub parts, here we have solved only…
Q: Which of the following people are correctly classified according to the Current Population Survey?…
A: The labor force includes the employed and unemployed workers. People who are neither categorized as…
Q: ENGINEERING ECONOMICS DISCOUNT A hardware store purchased a tool of 20,000 pesos per unit. At what…
A: Here, given information is: Cost of the tool: 20,000 pesos Discount provided on sales price: 15%…
Q: how does an increase in population effect a countries GNI?
A: GDP stands for the finished products and services generated in an economy during a specific time…
Q: a. What will the Federal Reserve do to open market operations? b. What will the Federal…
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Consider a small open economy country that produces cars. The world price of cars is less than the…
A: In an economy, if the world price is less than the autarky price, consumers have an incentive to…
Q: You borrowed ₱85,000 from your friend that you will pay back in 4 years and 4 months. Interest is…
A: Given: Amount borrowed = P85000 Interest rate = 10% compounded quarterly.
Q: The consumers in the economy buys only two general types of products: Apples, and Bananas. Price…
A: The consumer price index (CPI) measures changes in the general level of prices of goods and services…
Q: Suppose trading Pokémon cards becomes popular again and a lot of new people start collecting them.…
A: Here, it is given that many new people start collect trading Pokemon cards as they again become…
Q: 14. Mr. Reyes borrows P600.000 at 12% compounded annually. agreeing to repay the loan in 15 equal…
A: Given, Amount Borrowed (P) = P600,000 Rate of Interest (i) = 12%, compounded annually Number of…
Q: How does the unemployment rate behave over the business cycle? The unemployment rate _______.…
A: A business cycle, also referred to as a trade cycle or economic cycle, is a progression of phases…
Q: ) If P(B) = 1, P(AUB) = and P(A/B) = 3, then which of the following statements is true? A) P(A) = }…
A: Given - P(B) = 1/4 P(AUB) = 1/2 P(A|B) = 2/3
Q: If, out of a population of 325 million, 140 million people are in the labor force and 133 million…
A: Total Population = 325 milion Labour force = 140 million Employed = 133 million
Q: 4.9 Sky Aviation is purchasing aircraft structural components, fairings, and wing flaps for its…
A: The formula to derive the present value is given as: P = F / (1 + R/c)t Where P : present valueF :…
Q: A poverty threshold represents the minimum annual household income for a family not to be considered…
A: Poverty Being unable to engage in leisure activities, send kids on field trips with their…
Q: K Suppose you are given the following information about a country: What is the total unemployment…
A: Unemployment rate is the number of unemployed who are willing to work and are actively looking for a…
Q: Assume that a person's vitility function is given TU = 2x¹¹2²¹/2 Assume by the following function.…
A: utility function is an important concept that measures preferences over a set of goods and services.…
Q: improvements in Canada goose
A: The uniqueness of the trademark is one of the secrets to Canada Goose's success. The term…
Q: Classify the following goods as normal or inferior and provide a justification. (It might be…
A: Introduction Normal goods are the goods which have positive income effect. In case of normal goods,…
Q: Which of the following is true under monopoly? Selected Answer: Profits are always positive Answers:…
A: A market is where sellers and purchasers accumulate to trade, buying, and selling of commodities. In…
Q: B. Bob consumes two commodities: x and y (say, chocolate and classical music). More y never hurts,…
A: An indifference curve depicts a combination of two products in varied proportions that offers a…
Q: A consumer of two goods has indirect utility v(p,w) = 1/2 -1/2 √w + P₂ P₁ (a) Find the indirect…
A: Money Metric utility Both income and expenditure metrics will be the center of the research on…
Q: A decrease in price and an indeterminate change in quantity are consistent with a:
A: In order to assess if a market is in equilibrium or disequilibrium, we can graph the supply and…
Q: Richard York makes the following claim: "Social perceptions of the environment are affected by…
A: Changes in the size and circulation of populaces and related prevailing difficulty as, for instance,…
Q: Use the graph input tool to help you answer the following questions. You will not be graded on any…
A: The intersection of the supply and demand curve gives the equilibrium in the economy. The…
Q: Draw CASH FLOW DIAGRAMS for the GIVEN AND REQUIRED/FIND. Begins the solutions by writing the…
A: The formula that will be used to solve the given question: Equal payment series compound amount…
Q: 5
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Anna's $500,000 was invested in a bank for 5 years at 10% interest rate compounded quarterly. If the…
A: Given invested amount = 500,000 $ Time = 5 years Interest rate = 10 % compounded quarterly = 10 / 4…
Q: 1. Recently. European Union (EU) governments approved a five-year EU trade protec- tion against…
A: GOES market rivalries are portrayed in the scenario. 1. Producer vs. Producer - The producers of the…
Q: What’s a debit?
A: The word debit is derived from an Italian word Debito. A debit is a record regarding money when…
Q: Consider a U.S. Treasury Bill with 270 days to maturity. The face value is $100. If the annual yield…
A: The treasury bills are the government securities which can be easily converted into their liquid…
Q: In the diagram to the right, we have five different combinations of movies and books. Combination A…
A: “Since you have posted a question with multiple subparts, we will solve the first three subparts for…
Q: Price P2 D11pm. T 8 am $ is Freeway Space fer to Exhibit 5-1, which shows supply and demand for…
A: There are various factors responsible for a shift in demand curve. An increase in demand shifts the…
Q: Suppose than an economy has output Y = AK 0.3L 0.7, that Y equals $42 trillion, capital K is $64…
A: Production function: Y = A K0.3 L0.7Y = $42 trillionK = $64 trillionL = 125 million workers
Q: Consider a market for books. Demand is given by QD=120-P. Supply is given by Qs=5P. The equilibrium…
A:
Q: If revenue(q) = 9 * q, what is the marginal revenue at 11 items?
A: Given Revenue function revenue(q)=9q Required: Marginal revenue for 11th items. Marginal revenue…
Q: It would be efficient and possible for this economy to produce? dryers A) 60 dryers and 50 washers.…
A: The given curve in the graph is production possibilities frontier that shows different combinations…
Q: Why is the unemployment rate never zero, even at full employment? The unemployment rate is never…
A: The unemployment rate refers to the percentage of the working-age population that is part of the…
Q: If the coefficient of supply elasticity is 2, what must happen to housing prices to cause builders…
A: Law of Supply states that other things being equal, as the price of a good or service increases, the…
Q: Select all that are true regarding changes in markets changes in supply or changes in demand refer…
A: Demand is the willingness and ability of consumers to purchase a given amount of a good or service…
Q: District 12 has 2 units of labor and District 8 has 1 unit of labor. The MPL of textiles in District…
A: Ricardo postulated about the types of goods and services that countries should produce, and he…
Q: For this Short Run firms costs, explain the SHAPE of each curve: MC, ATC and AVC. Where would the…
A: In the short run we assumes that in order to change the output the firm have to adjust its labor…
Step by step
Solved in 2 steps
- A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price = 150 − 0.01 × Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing) = $50,000 and the variable cost per unit = $40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 6,000 units per year.S Pte Ltd (“SPL”) is a country incorporated and tax resident in Country S. It has developed a social audio platform whereby the users can connect with other users from different parts of the world via audio chat. SPL believes that social audio feature will be the next game changer in the internet space, especially when a lot of countries are still in lock-down mode and human-to-human connection becomes a huge concern during Pandemic.The social audio platform is getting more popular in Asia and SPL is keen to explore the possibility of setting up a Headquarter company in Singapore with operating subsidiaries in Malaysia, Thailand, Japan and Hong Kong. Required: Assuming SPL is interested in applying for tax incentives in Singapore, illustrate the two (2) relevant tax incentives SPL can consider based on the information stated above, and discuss any additional conditions SPL should be aware of.A large company in the communication and publishing industry has quantified the relationship between the price of one of its products and the demand for this product as Price=160−0.02×Demand for an annual printing of this particular product. The fixed costs per year (i.e., per printing)=$47,000 and the variable cost per unit=$40. What is the maximum profit that can be achieved? What is the unit price at this point of optimal demand? Demand is not expected to be more than 4,000 units per year. The maximum profit that can be achieved is $? (Round to the nearest dollar.) The unit price at the point of optimal demand is $? per unit.
- Do you think that there are some industries worldwide disrupted by covid-19? Take example of any 2 industries which have positive impact and at 2 industries with negativeons 006.01.1-MC - MANK08 The principle that "people face tradeoffs" applies to a. individuals. Ob. families. c. societies. d. All of the above are correct.If MU=MC=P, and economist van judge with certainty that the distribution of output is Equal efficient Fair Unbiased
- You are hired as a consultant at a revenue management firm and one of ourrecent clients wished to determine the optimum price for their consumer electronics product.The cost of the product is $100 and before retaining us, they had been selling the product at$200 because it felt like a nice round number. The current sales volume is 1000 units peryear. We examined the market preferences and buying behavior, and concluded that thiscompany’s marketplace has a price elasticity of 1 (i.e. Assume that an x% change in pricewill result in an x% change in sales volume for any x). What is the optimal price thatmaximizes total profit for this company? What are the sales volume, total revenue and totalprofit at the optimal price?A small countertop installing company hires you to estimate their customers weekly demand function for marble (per sq ft). The demand function is as follows: Qm=5000-30Pm +20Pg + 0.05Inc m=marble, g= granite, inc = avg disposable income for home improvements in the surrounding area. Current prices: marble = 40, granite = 25 and disposible income = 5000 Suppose during the supply change shortage the price of marble triples to $120 Determine the elasticity of demand at the new market price for marbleConsider the system of equations: pi = β0 + β0qi + β2ti + β3zi + ui qi = α0 + α1pi + α2ki + ԑi where p and q are endogenous variables.t, z and k are exogenous variables.u and ԑ are disturbance terms. And i is cross section. Explain how you would go about estimating the stated system of equations.
- (a) The sales of a book publication are expected to grow according to the functionS = 300000(1 − e−0.06t), where t is the time, given in days.(i) Show using differentiation that the sales never attains an exact maximum value.(ii) What is the limiting value approached by the sales function?(b) A poll commissioned by a politician estimates that t days after he makes a statementdenegrating women,the percentage of his constituency (those who support him at the time hemade the statement) that still supports him is given by S(t) =75(t2 − 3t + 25)t2 + 3t + 25The election is 10 days after he made the statement.(i) If the derivative S’(t) may be thought of as an approval rate, derivate the a functionfor his approval rate.(ii) When was his support at its lowest level?(iii) What was his minimum support level?(iv) Was the approval rate positive or negative on the date of the election?(c) Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curvefor the bast will be…The travel time (t) on the segment of a highway connecting city A with city Bhas been observed to follow the equation below, as a function of traffic flow(v): t = 15 + 0.02v, where t and v are measured in minutes and vehicles perhour, respectively. The demand function for travel connecting the two cities isv = 3500 – 120t.a) Determine the equilibrium time and traffic flow.b) If the length of the highway segment is 30 kilometres, what is the averagespeed of vehicles traversing this segment at equilibrium conditions?A clothing store and a jeweler are located side by side in a shopping mall. If the clothing store spend C dollars on advertising and the jeweler spends J dollars on advertising, then the profits of the clothing store will be (36 + J )C - 2C 2 and the profits of the jeweler will be (30 + C )J - 2J 2. The clothing store gets to choose its amount of advertising first, knowing that the jeweler will find out how much the clothing store advertised before deciding how much to spend. The amount spent by the clothing store will be Group of answer choices $17. $34. $51. $8.50. $25.50.