A local economy's market demand for drones is given by QD = 24 – 4P while is given by QS = 8P. or the equilibrium price and equilibrium quantity algebraically. Graph the supply

Q: We consider following IS curve: Co+ l, + Go Y = = 1-c(1-t) 1- c(1 – t)* Show how increase in margina...

A: The marginal propensity to consume (MPC) is the proportion of a raise in wage that a consumer spends...

Q: In Billion of AED Gross domestic product 23,560 Goods produced in foreign countries with UAE. Capita...

A: The Gross Domestic Product (GDP) can be measured in multiple approaches, like:  The Product Approac...

Q: Banks make more money from securitising pools of mortgages rather than holding on to individual mort...

A: Banks follow the policy of securitisation to reduce the debt burden and free up capital and increase...

Q: The Lerner index at the equilibrium of the linear Cournot symmetric model is equal а-с to L (n) = wh...

A: Equilibrium price refers to the price under which the supply is equal to the demand in a perfectly c...

Q: Unemployment due to mechanization of agriculture i:

A: To find : What is unemployment due to mechanization of agriculture 

Q: The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is ...

A: The demand and supply of the labor determines the equilibrium wage rate and quantity of labor. The e...

Q: (a) Calculate the value of the MRTS at points A and B. (b) What is incorrect in the Statement of Que...

A: The marginal rate of technical substitution (MRTS) is an economic theory that illustrates the rate a...

Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...

A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...

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: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive markets firms do not have any market power so they take the price as given....

Q: Which of the following is NOT an advantage of buying an existing businesses? financing opportunities...

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

Q: Assume a good whose supply is perfectly (infinitely) inelastic. Without a tax, the price $10. If the...

A: When the supply is perfectly inelastic, it implies that the supply curve is vertical to the y-axis. ...

Q: What are some of the “controllable aspects” of a new market that the exporter may have control over?

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: PW on total investment. AE on total investment. a. b. C. FW on total investment.

A: Given: MARR=25% Number of years=10

Q: How is Social Entrepreneurship a contributing factor to SDG? Cite examples please.

A: Sustainable development goals(SDG): There are 17 SDG goals that are focused on the global ground. Ma...

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive market firms do not have any power market power because goods are identical...

Q: Free markets coordinate economic activity in such a way a unemployment. O True O False

A: In open markets, a financial market can emerge to meet the requirements of those who are unable or u...

Q: Is it ever possible that if someone is a net seller of a good, and the price of the good he sells fa...

A: Seller is person who sales goods and services in market in order to make some money . And seller is ...

Q: When the Fed raises the federal funds rate, the US dollar and net exports O a. appreciates; decrease...

A: Federal funds rate is the interest charged on the borrowing and lending transaction between banks th...

Q: Profit is maximum when

A: To find : Condition for profit to be maximum. 

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: In the United States, where Internet services are cheap, the ratio of capital to labor used is highe...

A: Money is important in day to day life. Money has been developed since the ages and currently it is u...

Q: How can one compare GDP across 2 different countries if some goods and services are produced only in...

A: GDP is used as a measure of the economic welfare or standard of living of a nation. GDP measures the...

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...

Q: Which of the following statements is false? 9) a. A profit maximizing firm still sets output such ...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: Comment on either (a) the type of fiscal policy or monetary policy that is currently being implement...

A: Answer(a) The current fiscal and monetary policy can be in such a way that various considerations ha...

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: 1998, five companies were found guilty because of their actions to raise the price of an animal feed...

A: Elasticity of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) of the...

Q: Which of the following are CORRECT statements regarding inflation and real variables? Select ONLY TH...

A: The 1st and the 2nd statement in the options given in question are correct answers.

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: Consider an economy in which taxes, planned investment, government spending on goods and services, a...

A: Given information Ca=1500-20r MPC=0.6 I=2450-60r G=1980 NX=-200 T=1750  

Q: Use the following supply and demand schedules for skate boards in table 18.1, to answer the question...

A: Given that the price ceiling is at $400, as price ceiling is the legal maximum price that producer c...

Q: d. double declining balance method depreciation charge: Php book value: Php e. sum of the year's dig...

A: Solution:-  a.Straight line method Depreciation charge : Php 6650 Book Value: Php 3350   b.Sinking f...

Q: Cost LRAC B A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run ave...

A: In economics, when the firm expands or grows then there exists a change in its cost too. When the fi...

Q: Price floors and price ceilings imposed in markets by a government: A. reduce the gains from trade ...

A: Regulations that administration authorize to direct costs are called price controls. Price controls ...

Q: 14. The labour force participation rate is the А. Proportion of population that is working Proportio...

A: Answer: Labor force participation: Labor force participation rate refers to the proportion of the po...

Q: 5. The demand function for good X is InQ-a+bin P, +cln M +e where Px is the price of good X and M is...

A: The own price elasticity of demand is the percentage change in the quantity demanded of a good or se...

Q: Suppose a government program guarantees $ 2,000 a month in income, even for those who do not work at...

A: While this program may bring some people above the poverty line, this will not redefine the poverty ...

Q: Ms. Haleema offered to sell her house to a Trader for Rs. 2,150,000. Trader said that he would take ...

A: here we explain  whether Ms. Haleema is obliged to sell her house to that Trader as follow given bel...

Q: Question 2 The price elasticity of demand for heroin is: O Less than 1. O Between 0 and 1.5. O Is el...

A: When the price of a product is elastic, a change in the amount requested changes fast. When the amou...

Q: In an economy income increases by 10,000 as a result of a rise in investmen expenditure by 1,000. Ca...

A:

Q: How did the European Monetary System differ from the Bretton Woods system? (explain in 10-12 sentenc...

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

Q: The production function for a product in given by q-10OK a merginal product functiore MP100K and MP1...

A: Firm will minimise cost at a point where marginal rate of Transformation is equal to the price ratio...

Q: Suppose that investment depends on both output and the interest rate and there is an increase in con...

A: Consumer confidence:- Consumer confidence can be explained as an indicator of the economy. It gauges...

Q: Table 5.1 1 year 2 years 2.25% З years 3.25% 1.50% Table 5.1 shows the interest rates for Treasury s...

A: Bonds refers to the type of instrument that represents debt of a borrower to a lender. It is usually...

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production. 

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: consumption (units/year) 2500 2000 1500 1000 500 05 10 15 20 25 30 35 40 45 leisure (weeks/year) Ron...

A: Labour market consists demand and supply for a labour and interaction between them give rise to dete...

Q: Plot the above AD-AS curves on the (Y, T) diagram. Describe the slopes of both the AD curve and the ...

A: Economists generally agree that the rate of money growth is one determinant of an economy's inflatio...

Q: You own a printing firm. Two of your senior managers provide you with advice. The first manager stat...

A: The process of combining multiple material and immaterial inputs (plans, know-how) to generate a con...

Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.