Aldous Snow teaches yoga classes in Central Park on Sunday mornings. Because he cannot force anyone to pay for his class, he instead takes donations. This service he provides is, in economic terms,  Group of answer choices a negative externality. nonexcludable. blind faith profit. nonrival.

Q: The economy of South Korea would best be classified as: A. pure capitalism. B. a market system. C. a…

A: South Korea's economy is a highly developed mixed economy. Its economy ranks 10th globally and…

Q: At the end of ome Depot's total capitalization amounted to $29,031 million. In 2012 debt investors…

A: Formula to be used: Economic value added = Non operating profit -Capital invested×WACC =EBIT×1-Tax…

Q: Assume an oligopolist confronts two possible demand curves for its own output, as illustrated below.…

A: In oligopolistic market, there are few large firms dominating the market.

Q: XZ company is selling product A, according to the company when the price of product A is $28, the…

A: Given Details: Option 1  Price = $28 Expected demand = 50,000 units per week Option 2 Price = $58…

Q: Suppose that the direct demand and direct supply functions are x = √200 - p and x = √p - 38,…

A: equilibrium price and output are determined by the market forces demand and supply . When demand =…

Q: (a) "Monopoly is often regarded as bad to the society!" Why? Explain!

A: Monopoly is what is going on where there is a solitary merchant on the lookout. In regular monetary…

Q: 10 110 100 upply 1 2 3 4 5 6 7 8 9 10 The graphic above shows a supply curve for 'widgets'. Assuming…

A: Supply curve is the upwards sloping curve which shows positive relationship between price and…

Q: Consult the table below, and answer the following questions: Schooling Salary $18500 $21000 $23000…

A: Given information; We have given the expected salary a person will get after completion of a given…

Q: One of these four answers represents the result of a rise in tariff on imported cars from a foreign…

A: A tariff is a form of tax or duty imposed on the goods being traded (import or export) by the…

Q: Nominal wage confusion leads to a short-run equilibrium_ the Solow growth rate as at; workers; real…

A: Nominal wages: It is the actual amount of money received by the workers. If an employee pays $15 for…

Q: Looking at the scope of central planning in the Soviet Union post WW-II, between 1951 and 1960 the…

A: Russia was following the centralised system of economic planning where the central authority was…

Q: If in 2009 Indonesia had a Gini index of income distribution of 36.8 and Brazil had a Gini index of…

A: Gini coefficient or Gini index is a statistical tool which measures income inequality in a country…

Q: Scenario 1 Let market demand for domestic workers be represented by Ep = 1,000 - 50w where Ep is…

A:

Q: Labor Total Product Marginal Product Average Prod 0 1 2 345 6 7 8 0 Blank 1 25 Blank 5 Blank 7 Blank…

A: Total Product refers to the total output produced by a firm.  Marginal Product refers to the…

Q: Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay fire pits for patios.…

A: The point of intersection between the market demand and market supply is the equilibrium price where…

Q: What is the value at n=21 of a 21 year geometric gradient which increases at a uniform rate of 5%…

A: Given  g = 5% A1= $2,263 Rate of interest i =8%  n=21 We have to calculate the future value of this…

Q: Demand equation of SL.ltd tiles is estimated as P = 8000 - 24Q. Find the marginal revenue when Q=…

A: Marginal revenue measures the change in total revenue due to change in quantity produced. Total…

Q: Discuss how a bank should modify its capital requirements in the light of the pandemic covid 19

A: Capital requirements  The amount of liquid capital securities that can be quickly sold that banks…

Q: Firm 1 must decide whether to enter an industry in which firm 2 is an incumbent. To enter this…

A: 1. Firm 1 wants to enter an industry 2. Firm 2 is an incumbent in that industry 3. Firm 1 must…

Q: Which of the following is a very important tip you should do before submitting your cover letter?

A: b) Have someone else read it

Q: When we are discussing Cost Volume Profit analysis how do costs behave? Why is cost behavior…

A: By examining costs behavior and the ways in which costs are predicted, and then we consider the…

Q: Demand equation of private limited tiles estimated as P = 8000 - 24Q. find the marginal revenue when…

A: Given the information: Demand equation, P = 8000 - 24Q Q = 1000

Q: Use the following information to answer the question which immediately follows Y 2,000, GT-200, Cd…

A:

Q: The Oxnard City Bank has deposits of $800 million. It has reserves of $80 million and $300 million…

A: Given Oxnard bank Deposits = 800 Million $ reserves = 80 Million  Bond = 300 Million loans = 750…

Q: What is the primary task of a mechanism design economist? To inform consumers about the role of…

A: Mechanism design helps to keep the interests of two different parties in an alignment for a…

Q: b. Demonstrate graphically with the multiplier model a shift in the AE curve that would have caused…

A: The intersection point of the 45-degree line and the aggregate expenditure line gives the…

Q: Freddie sees a watch for sale in the window of a shop with a price tag of $50 attached. Explain…

A: At the marketplace, there are different ways used by firms to attract consumers and to sell output…

Q: Suppose the civilian non-institutional population equals 125,000 persons; the civilian labor force…

A: Labor Force  The number of employed persons plus the number of jobless people seeking work is known…

Q: U7

A: A consumer price index estimates changes in the value level of a weighted normal market basket of…

Q: Just the bolded one please Using the above graph,   The minimum level of output this firm would…

A: Costs that are fixed are those that don't change based on volume. The majority of fixed costs are…

Q: General Instructions Redstone Clayworks, Inc. is located in Sedona, Arizona and manufactures clay…

A: General Instructions Redstone Clayworks, Inc is in a perfect competition. There is virtually no…

Q: The figure shows the demand curve for Price 8- 7- 6- 5- 3- 2- 04 0 10 20 30 40 50 60 70 80 90…

A: The consumer surplus is the benefits earned by the consumers in the market at the equilibrium or…

Q: When marginal revenue is zero, in any type of market, P<MR. OP=MR. O a very small increase in price…

A: There is no additional profit made from creating an additional unit when marginal revenue is zero. A…

Q: Q1: What is the, HHI, Herfindahl-Hirschman Index for an industry where six companies each have a…

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: (b) Rahmat plans to withdraw his money RM 3,090 each year for five years, beginning at the 14th…

A: We have given that Rahmat is planning to withdraw money RM3090 each year for five years starting…

Q: Consider a baseline long run steady state equilibrium where output is 22 trillion dollars, and the…

A: Equilibrium  Equilibrium is the point in the market at which the demand and supply are equal to each…

Q: Which the following statement is correct for a typical worker? a) Both the income and substitution…

A: Meaning of Factors of Production: The term factors of production refer to the situation under…

Q: Explain why poverty in the poor nations is a vicious circle. Support your…

A: The vicious cycle of poverty explains that poverty is the cause of poverty. Professor Ragnar Nurkse…

Q: 80% O 75% 23-24 Te daram population a - 20% Supply Leber Demand What is the labor force…

A: Total adult population = 100 Government regulated minimum wage = $8

Q: Graph 6 Price Graph 5 Price 's Si S₂ 'di'd 'a D D₁ 'a. Q₁ Quantity Quantity Graph 8 Price Q,?Q₂…

A: Tax revenue is defined as revenue collected from taxes on income, profits, and other sources. As a…

Q: When government tax policy requires Nathan to pay $30,000 in taxes on annual income of $300,000 and…

A: Given that the tax payer Nathan has to pay $30,000 in taxes on annual income of $300,000. On the…

Q: 1. Price elasticity of demand      a. from a to b      b. from e to f

A: Alfred Marshal is the person who introduces the concept of elasticity into economics. The elasticity…

Q: 26The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the…

A: Nominal GDP measures the market value of final goods and services at current year prices.  Real GDP…

Q: Which of the following values comes closest to the net present value of a project that requires an…

A: Net present value is the net cashflow which is calculated by the reduction of the cash inflow from…

Q: What is economics

A: Social studies is divided among various fields, and economics is one of those social studies fields.

Q: Suppose that on January 1, 2022, the price of a one-year Treasury bill with a face value of…

A: Given: The face value is = $1,000 The price value is = $926.78 The real interest rate turns out to…

Q: If R = 25%, actual reserves are $450 and checkable deposits are $1,800, then the monetary multiplier…

A: Commercial Banks create money by granting loans to the public. The money multiplier process of the…

Q: T4

A: The economic components are a series of events and categories that act and react to one another to…

Q: In the upward-sloping segment of the aggregate supply curve, a. producers can hire more workers…

A: The aggregate supply is total supply by all producers. The supply slopes upward signifying positive…

Q: This profit-maximizing firm will produce Blank 1 units.   What price will this profit-maximizing…

A: A monopoly is a single firm in the market with market power and a perfectly competitive firm is one…