An inferior good is Multiple Choice O generally of low quality. O purchased in the underground economy. purchased in declining quantities as incor is damaged or referred to as a "second."

Q: This is another all-or-nothing question. In a supply-driven economy, which of the following statemen...

A: The answer is - c. if the economy is closed what is not consumed by household a government invested ...

Q: QUESTION 13 International Trade is a substitute for: OA. Many kinds of government rule. OB. The move...

A: International Trade: The term international trade refers to the trade when goods and services are so...

Q: Enumerate some comparisons and contrasts of the concept of demand and concept of supply.

A: Demand is the customer's desire for a specific product at a given price, which he or she is willing ...

Q: Johnson's Household Products has a division that produces two types of toothpaste: a regular toothpa...

A: Given: p=3000-20x-10y q=4000-10x-30y Note: Due to multiple subparts being posted, the first three su...

Q: MC AC Demand MR Price

A: Unregulated market are administered by the overarching contracts between the taking an interest part...

Q: SRATC or small plant SRATC tor medium plant SRATC for arge plant LRATC S500 Diseconomies of Scale S4...

A: Costs in the long run are determined by the firm's level of output, factor costs, and the quantities...

Q: > Suppose a firm's production function is: Q = LK2 Find points and draw isoquants for Q1 = 10, Q2 = ...

A: Q=L12K12Q1=10 L K 5 19.89 10 9.99 20  5.01 25 4 50 1.98                          

Q: Two firms compete as Stackelberg duopolists in a market with inverse demand given by 132.00 – 20, wh...

A: In Stackelberg duopoly, one firm is leader and choose the quantity to produce first. The other firm'...

Q: Suppose the market for a certain good is perfectly competitive and the demand is given by P=10 marke...

A: Demand equation: P=1000 - Q  Supply equation: P=Q -------------------- At equilibrium, demand = supp...

Q: If the exchange rate is constant and U.S. imports increase, then in the foreign exchange market the ...

A: "Correct option is c."

Q: An increase in government spending in a simple open economy leads to Fall in both budget and current...

A: Correct option is the last option i.e. "An increase in both the budget and current account deficit."

Q: Demand for intermediate consumption arises in

A: To find : What is reason to rise for demand intermediate consumption. 

Q: Consider the MPL is currently given by MPL=30/L. The supply of labor in the country is L=10. Consid...

A: (1) Labor demand equation: MPL = w Where 'w' is real wage => (30/L) = w => L = (30 / w) ------...

Q: A situation where everybody plays a dominant strategy must be a Nash Equilibrium True False

A: "Statement given in question is TRUE."

Q: The law of diminishing marginal product holds that as a variable input increases while other inputs ...

A: The law of decreasing marginal product asserts that once a certain degree of consumption has been re...

Q: Question 19

A: a) In order to determine the equilibrium quantity, we need to determine the market demand and market...

Q: The percentage of the world's population that is very poor, as opposed to living in extreme poverty,...

A: Extreme poverty The United Nations basically defines extreme poverty as living on less than $1.90 pe...

Q: Hint: Add the amount of money spent by buyers of final goods and services. Which of the following wo...

A: The expenditure method starts with money spent on goods and services. The expenditure approach is a ...

Q: A machine part to be machined may be made either from an alloy of aluminum or steel. There is an ord...

A: * SOLUTION :-   

Q: explain the four (4) ambitious targets Open Budget Survey sets to achieve open budgets within five y...

A: To find : Four ambitious targets

Q: Suppose that chicken wings and blue cheese dreassing are complements. If the price of chicken wings ...

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

Q: Total product refers to 1. the change in output produced for a given level of variable input (such a...

A: Total Product refers to the total volume of output produced by a firm, for a given quantity of input...

Q: If the coffee's demand function is q = 192 – p², at what price where the b. %3D - revenue is maximiz...

A: Q q=192-p2We know 5hat Total Revenue(TR)=p x qTherefore,TR=p(192-p2)     =192p-p3∂TR∂p=MRMR=192-3p20...

Q: At Emory's Pens and Pencils when they produce 50 pens their total cost is $80. Emory's marginal cost...

A: Average Total Cost (ATC) can be calculated by dividing the Total Cost (TC) by Quantity (Q).

Q: If the demand for a good is inelastic, an increase in the price of the good will cause the total exp...

A: To find : Total expenditure of consumer of the good. 

Q: The case for free trade is strong but the losers need more help. Which statements below are true? -T...

A: Many analysts have focused on the economic hardship that will be felt by both sides as a result of t...

Q: Table 1 The table below applies to an economy with only two goods- hamburgers and hot dogs. The fixe...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: 20. Using two carefully drawn and labeled diagrams, analyze an input cartel. That is, on the left si...

A: Cartel refers to the group or association made by the collusion of similar firms in a market to expl...

Q: A decrease in the demand for eggs due to changes in consumer tastes, accompanied by a decrease in th...

A: The demand curve is a graph that depicts the quantity of an item that all consumers are able and wil...

Q: Answer cannot be determined To the right To the left

A: When the Fed purchases government securities, the quantity of money supply increases in the Economy....

Q: Select the correct answer below O for each firm when antitrust regulators split this company eacly i...

A: A natural monopoly is a monopoly that exists due to a higher fixed cost of production. This creates ...

Q: The Mercantilists advocated balance of trade for each country engaged in trade. O True O False

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

Q: A printing press machine has a cash equivalent ofP250,000. For the first three years, it will provid...

A: Given Investment = P 250,000 Profit each year = P20,000 MARR = 7% EARR =15%

Q: If intermediate goods and services were included in GDP: al the GDP would then have to be deflated f...

A: The economics as a study is based upon the idea that the resources which are available with the econ...

Q: In penalty shoot-outs, the Nash Equilibrium strategies of goalies and players depend on how importan...

A: TRUE. The players will still try to equate his expected utility from each strategy given the other p...

Q: . A monopoly is currently producing an output level where P = $30, MR = $20, AVC = $16, AC = $24, a...

A: Monopoly Monopoly refers to a market in which there is only one single seller. Due to high hurdles t...

Q: The equilibrium price in a perfectly competitive market is equal to $10. The firms in this market ha...

A: In economic theory, perfect competition happens when all organizations sell indistinguishable items,...

Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...

A: The proponents of supply-driven economics consider supply to be important factor. According to this ...

Q: Profesör Çabuk homotetik bir fonksiyonu γ’ıncı dereceden homojen bir fonksiyonun monotonik artan bir...

A:

Q: Below is information for two Solow economies. d L Country A 1/3 0.07 1 1 Country B 1/3 0.10 1 1 Acco...

A: At golden rule steady state, consumption is maximized where marginal product of capital is equal to ...

Q: Suppose you observe the time series of output y and real money supply M/P reported in the Figure bel...

A: Answer -

Q: In an economy with 200 million people, 150 million hold jobs and 20 million are not working but are ...

A: The unemployment rate is the number of unemployed people divided by the labor force. The formula is,...

Q: In the productivity curve figure, the impact of eduction and training that increases Real GDP per ho...

A: Here, the given figure shows two productivity curves of an economy with real GDP on y-axis and capit...

Q: Under which market structure, average revenue of a firm is equal to its marginal revenue

A: To find : Under which structure, average revenue of a firm will be equal to it's marginal revenue 

Q: Which is one of the most notable trends of foreign direct investment over the last 20 years: -The d...

A: The quantity of foreign direct investment (FDI) in the United States has more than doubled in the la...

Q: In a market for housing insurance against wildfires, the adverse selection model would predict that....

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

Q: what is differentiation? What are some forms of differentiation in washing detergents? How does diff...

A: A differentiation strategy is a methodology organizations create by giving clients something special...

Q: . In the long run, profit maximizing monopolies make A. zero economic profit. B. positive economic p...

A: The answer is - D. positive or zero economic profit.  

Q: QUESTION 31 Country A imports $40 of shirts and exports $40 of under wears. Its balance of trade is ...

A: All answers for 31 32, 33 given below,  

Q: 72 Supply (20 fems) 04 Demand 48 Supply (40 firms) 40 32 Supply (60 firms) 24 10 118 240 358 400 s08...

A: We know that a perfectly competitive market is a market condition where many buyers and sellers are ...