Americans use more of every energy source than they did 65 years ago, but usage patterns have varied. Which two energy sources grew fastest between 1950 and 1970?
Q: b 1) d Price P₁ ( D Q₁ Q₂ Quantity 3) If actual production and consumption occur at Q1 and the price…
A: The expense for society made by market failure, which happens when market interest are out of…
Q: Explain the Elasticity of Demand?
A: Concept The theory of demand elasticity is a significant fluctuation on demand. Demand can be…
Q: Q.3.1 A store that sells maize meal discovers that when the price of 1kg maize meal Is R24 per…
A: The demand curve shows the inverse relationship between price and quantity demanded. The demand…
Q: Which of the following is a disadvantage of the top-down approach to reaching the right DM? (select…
A: In economics, their are different approaches to make decisions and influence the market outcome to…
Q: Monopolistic competition is a market structure that has elements like ... Group of answer choices…
A: A) in perfect competitive market:- 1) in perfect competitive market, there are many number of…
Q: curve If the economy is at the point where the short-run Phillips cur intersects the long-run…
A: The Phillips curve is an economic concept that states that inflation and unemployment are…
Q: project's simple payback period is most nearly A. 3 years. B. 4 years. C. 6 years. D.5 years.
A: The payback time frame is the timeframe it takes to recuperate the expense of a venture or the time…
Q: Consider a macroeconomic model for an open economy with the government. Consumption is given by C…
A: Given, C = 250 + bYd b = 0.8, Yd = (1-t)Y t = 0.1 I = 1,200 – 2,000R, X = 525 – 0.1Y – 500R G =…
Q: A firm is a a given monopolist in the domestic marked but takes price Pu (world price). The…
A: Introduction Monopoly is a market in which there is a single seller and there is no close…
Q: The impact of covid 19 on the retail industry this include Makro
A: Covid 19 is an enormous group of infections that cause sicknesses going from the normal cold to…
Q: All the following constitute unfair methods of competition under California law EXCEPT 1.providing…
A: The answer is - 4.airing a radio advertisement that includes an insurance company's assets available…
Q: tion on October 1. He is worried about the increasing forex prices, and wants to lock the forex rate…
A: * SOLUTION :- Given that ,
Q: There are thousands of wheat farmers who produce and sell wheat and there are millions of consumers…
A: The market is a location where the transaction of services and commodities takes place. It is…
Q: 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% LL 2.0% 1.5% 1.0% 0.5% 0.0% $0 $10 $20 $30 $40 $50…
A: The federal funds rate lies between the discount rate and the interest on the reserves rate.
Q: anomy will grow at a faster rate anemy will grow at the slower rate igher in the lower saving…
A: There are two economies. The Total Factor Productivity (TFP) is the same across both economies. One…
Q: Consider the neo-classical approach to macroeconomics. What does that theory suggest will happen…
A: Answer is given below
Q: The following diagram shows supply and demand in the market for smartphones. Use the black point…
A: Total surplus is the aggregate of Consumer surplus and the producer surplus , Consumer surplus is…
Q: ) How can a firm determine the best level of output and price for products that are jointly produced…
A: Introduction The firm establishes the optimum or best level of output and pricing for commodities…
Q: Assume that Cliff and Paul were both producing wheat and corn, and each was dividing their time…
A: The ability of an economy to produce a specific good or service at a lower opportunity cost than its…
Q: Answer BOTH parts of the question please a) Explain why nations trade, using the Heckscher-Ohlin…
A: International Trade refers to the process of trading goods and services across the borders of…
Q: Refer to Figure 3 below: Profit can always be increased by increasing the level of output by one…
A: The point where the marginal cost and the marginal revenue of a firm equtes to each other is…
Q: Explain why a US Company should consider hiring offshore talent from your country?
A: human capital is the most significant resource for any countries which contributes in the growth and…
Q: Use the following graph for a monopoly to answer the questions that follow. What quantity will the…
A: Market refers to the place where buyers or sellers sell and buy goods and services in the market.…
Q: If the payoffs from strategy Y are always greater than strategy X, Group of answer choices strategy…
A: In the game theory, payoff represents one's gain or loss from choosing a specfiic strategy when…
Q: When sales are being maximized, it is true that O demand is elastic. O profits must also being…
A: PLEASE FIND THE ANSWER BELOW. ELASTICITY OF DEMAND: Elastic demand is one in which the change in…
Q: 2. (Short-run costs, Evren wants to go into the donut business. For $500 per month he can rent a…
A: Given information Production function: Q = 5KL Where Q is tons of donuts K is capital L is labor…
Q: For the following four questions, determine what happens to supply or demand of product X,…
A: Demand and supply are the two forces which run the market. Consumer in the market comes with the…
Q: refer to the following table: Consumption expenditure (C)= 100+ 0.8 Yd Investment expenditure (1) =…
A: Answer: Given, C=100+0.8YdI=120-500iG=50 G rises by 100, Thus new G will be:G=150Taxes=0.1YMoney…
Q: Blake decides to spend a spring day in the field planting wheat with some help from some workers he…
A: The Accounting profits is calculated as Total Revenues - Total cost (explicit cost) being incurred…
Q: Multiple choice question and give a short explanation about your answer When the replacement cost is…
A: The question is based on the concept called Tobin's Q. Where the Tobin's Q is as follows,Q = Market…
Q: Which of the following is consistent with the Law of Demand? Question 12 options: When price…
A: Demand refers to the quantity of the commodity which the consumers demand at various prices in the…
Q: A firm can sell its output at the price p=10 per unit. The firm’s cost function is C=16+q2 To…
A: Given: P=10 per unit Cost Function : C=16+q2
Q: Who should be responsible for properly disposing of discarded electronic products—consumers or…
A: Discard electronics Discard electronics refers to the waste of electronics or electronics which is…
Q: cial utive
A: The branch of federal government which must approve a budget is the legislative.
Q: Measured real wages understate living standards because O The CPI overstates growth Wages ignore…
A: When talking about real wages, it is the earned income of an individual in terms of money.
Q: Homework: Homework 2 Pepsi and Coke are considered to be substitute goods. Definitions: substitute…
A: Here, it is given that Pepsi and Coke are substitutes of each other, which implies that they cannot…
Q: 6) Consider the following IS-LM model: C = 200 +0.25YD I = 150+ 0.25Y -1000i G = 250 T = 200 M -…
A: The IS-LM model basically refers to a Keynesian macroeconomic model that illustrates how the market…
Q: Certain individuals have been observed to increase their consumption of goods whenever their price…
A: The income effect defines how changes in relative income and prices affect consumption, whereas the…
Q: Multiple choice question In a small economy the difference between saving and investment…
A: An open economy is such an economy in which the equilibrium interest rate is the world interest…
Q: Assume that a bond was bought for $500 and is now sold for $450. The interest (yield) on that bond…
A: There is an inverse relationship between interest rate and bond prices. This is because when the…
Q: The country of San Ignacio produces two goods: beach towels and soccer balls. Last year, it produced…
A: Production possibility frontier exhibits the best combination of two goods that can be produced by…
Q: A monopolist has the following fixed and variable costs: Price Quantity Fixed Variable Cost Cost…
A: Here, the given table provides information about price, quantity, fixed cost and variable cost of a…
Q: Buyer Willingness to Pay David $8.00 Laura $7.00 Ty $5.50 Mallory $4.00 Audrey $3.50 In the above…
A: Demand refers to the willingness to buy, of a consumer or consumers of a good or service at the…
Q: Thinking in terms of economic efficiency, almost all economists agree that some government agencies…
A: The effective production and the use of commodities and supplies to minimise waste is known as the…
Q: Almost all of today's development economists believe that a. agriculture is important, but a heavy…
A: Developmental economists are the people who study the economy and focuses on the areas to improve…
Q: When a shortage exists in a market, sellers A, lower price, which decreases quantity demanded and…
A: Equilibrium in the market occurs at the intersection point of the demand and supply curve. At the…
Q: Critically assess the relevance of the 'as if' principle used to justify the reliance on profit…
A: Advertisement can be done either online or offline mood, it may help to enhance the profit of the…
Q: Should governments subsidize recycling programs if they are run at an economic loss? What types of…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Consider the Specific Factors model with two countries, Home and Foreign, with two goods, cloth (c)…
A: PPF production possibility frontier the locus of points depicting the output mix which a country can…
Q: Provide arguments why should policymakers use fiscal and monetary instruments to control aggregate…
A: Meaning of Aggregate Demand and Aggregate Supply: The term aggregate demand refers to the…
| Americans use more of every energy source than they did 65 years ago, but usage patterns have varied. Which two energy sources grew fastest between 1950 and 1970? |
Step by step
Solved in 2 steps
- how might the shift to a clean energy economy affect today poor and working class?Review alternatives and assess the viability for increased use of energy in developed and developing countries.Essay. What is the difference between renewable and nonrenewable resources? How important is it in business? Explain
- What is energy balance?What is an example of an underground economy?1) based on the graph, describe the trend in electricity production from wind between 2009 and 2019. 2) describe an environment change that is likely to have occurred in the state of Texas that resulted from the change in Coal production indicated in the graphs between 2009 and 2019. 3) identify and describe one non-renewable energy source that could be used for electricity production in the state of Texas that was not being used in 2009.
- How has weather played a roll in the market? What alternative energy sources are being considered and how will supply and demand look like after this increase in energy?What are the risk associated with the real estate development cycles?How does traffic congestion waste time, fuel, and productivity?
- Explain how can all people in a certain country (including higher leaders in such country) achieve a green economy? Explain in 10 sentences.Do you think that environmental sustainability means giving up traditional development goals of greater consumption and higher living standards? Or are the two compatible? Give some reasoning behind your thoughts.Environmental issues are often associated with homelessness. What might they include and how would such issues affect the economy?