Are fixed costs also sunk costs? Explain.

Q: Find the marginal product of capital for the following production function and show if it has…

A: Returns to scale explain how production evolves over time in response to an increase in all inputs.…

Q: What is progressive tax? Write its merits and demerits

A: Tax is compulsory payments which are made to the government. There is no quid pro quo relationship.…

Q: List 5 negative externalities that are associated with hosting Olympics and other major sport…

A: Externalities  A cost or benefit that a producer creates but does not personally incur or enjoy is…

Q: The quote by Carl Sagan: "Absence of evidence is not evidence of absence." This quote implies that:…

A: According to Carl Sagan, if there is no evidence of absence, it does not mean that there is no…

Q: Suppose a municipal water utility must pay $360,000 per month for its quasi-fixed capital inputs,…

A: Long Run Average Cost refers to the cost per unit of output produced in the long run by a firm or…

Q: What are the two reasons for unfavorable terms of trade in semi-developed countries?

A: Semi Developed Countries are those countries which are not fully developed thus can be characterized…

Q: 9 35 30 25 20 15 10 5 O O 2 3 Quantity (Vats of juice) 10 5 6 Marginal Cost Average Variable Cost…

A: The Average Cost is the per unit cost of production acquired by separating the total cost (TC) by…

Q: Consider the balance-of-payments accounting information for Lalaland in 2010 as shown in the table…

A: The balance of payments tracks global exchanges. At the point when assets go into a country, a…

Q: k Using the information in the table below, estimate the equilibrium price and quantity without…

A: Equilibrium in the market occurs where quantity demanded is equal to quantity supplied.

Q: Azril is going to buy 5 new color photostat machine which is a new high technology model from Japan…

A: Given information Azril is buying 5 photostat machine. The new machines are related to high…

Q: An industry consists of two firms, firm 1 and firm 2. The demand function for the product of each…

A: There are two players in the market : Firm 1 & 2 . Demand function of firm 1 : q1 = 720 - 3p1 +…

Q: Perform an after-tax cash flow analysis on the following data on the replacement of an old equipment…

A: Given information , Initial Investment: 500,000Useful life: 5 yearsTerminal Value: 50,000Annual…

Q: what is the future worth of these payments after 16 years if interest is 9% compounded…

A: The future value formula when the interest rate is compounded semi quarterly (means the compounding…

Q: Explain how governments need to recognise the impact of several time lags as a problem in fiscal…

A: Changes the government makes to spending or taxing in an effort to affect the state of the economy…

Q: Public investment projects should provide benefits for the public's greater good that exceed the O…

A: Public Investment programs are programs which help the public to choose about the place of work and…

Q: Now suppose that a country is experiencing balanced trade. Determine the relationships between the…

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Q: What is the importance of public finance?

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: The table below contains 2014 balance of payments accounts for Germany (in billions of Euros).…

A: Merchandise trade balance (balance on goods) = Exports of goods - Imports of goods Balance on goods…

Q: The municipality of Smallville has arranged to borrow Php30 million in order to implement several…

A: The present value of the loan is $30 M and it is repaid through $5 M annual installments at 3% rate…

Q: Here is the excerpt:   It is to be regretted that the rich and powerful too often bend the acts of…

A: This message purports to divide the power of originating statutes with Congress and disavows the…

Q: Exercise: If the fixed Input capital is k* = 3 and the variable input of labor is from 0 by 2's to…

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Q: Which of the following does the Fed use most frequently to conduct monetary policy after the…

A: The objectives of the money-related policy are to advance the greatest business, stable costs and…

Q: A firm faces the demand schedule q = 400 - 2p - p². What price does it need to charge to sell 100…

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Q: Question 1 1. A town needs to build a new flood mitigation barrier. The town engineer has selected…

A: For Earthen Barrier;   Initial cost (P) = $9,000,000   Annual maintenance cost   Interest rate…

Q: Suppose there is a decrease in current government spending. Use the real intertemporal model (with…

A: Answer

Q: marginal factor cost is the extra cost of producing one more unit of output. True False

A: The marginal factor cost is the extra cost of engaging extra unit of input or factor.

Q: 23 of 100 An advantage of the Pigouvian tax is that it causes firms to increase supply and reduce…

A: Negative externalities lead to the inefficient outcomes. The pigouvian tax is recommended to correct…

Q: Describe the concept of price elasticity! Why it is for a monopoly less profitable to act in markets…

A: Elasticity is a term used in economics to describe how much one economic variable changes in…

Q: The following table shows worldwide sales of a certain type of cell phone and their average selling…

A: The demand function shows the connection between the amount demanded of ware by the…

Q: 26. One identified category of corporate citizenship is 'economic citizenship', which suggests that…

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

Q: Explain why negative real interest rates cannot exist in an economy that is properly functioning

A: When interest is given to borrowers rather than lenders, it is referred to as having a negative…

Q: Both Wisconsin and Illinois border Lake Michigan. The lake is becoming polluted and b deciding…

A: *Answer:  Cleaning of polluted lake will rise the positive externalities and society will benefit…

Q: ABC Systems is purchasing a new bar code-scanning device for its service center in Cabuyao. The…

A: Depreciation under straight line method = (Cost - Salvage) /Life = (190000 - 40000) / 5 = 30000 Here…

Q: An investment of P2880 is made at the beginning of each month for 9 years and 4 months. How much…

A: We have given that the investment is made at the beginning of each month and A =₱2880 Length of…

Q: 1. You (row)/Your Crush (column) McElroy Corcoran The Dining Hall Game McElroy 3,2 0,0 a) Represent…

A:

Q: please solve A,B and C with work 3. Suppose you have a credit card with a balance of $5200 and an…

A: Annual Percentage Rate is the rate of interest chargeable over a certain loan or mortgage over a…

Q: Rework part (f), assuming that Annie holds the bond for 10 years and sells it when the required…

A: According to the question below information given that  PV= 1,000 N=10 I/Y= 7%

Q: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000,…

A: We can measure the income inequality in the group by using the Kuznets ratio. Kuznets ratio =…

Q: Don Solomon wants to set up a scholarship program with his alma mater. If P742998 is needed per year…

A: Given information: For the scholarship program, the amount needed each year = ₱742998 Rate of…

Q: A market with a positive externality has a Marginal Social Benefit curve greater than the Prive…

A: Please find the answer below.   MARKET: The market is a means by which the exchange of goods and…

Q: Player 1 and Player 2 will play one round of the Rock-Paper-Scissors game. The winner receives a…

A: The game theory is the investigation of the manners by which collaborating decisions of economics…

Q: Required information 50 40 30 20 10 25 65 10 20 30 40 50 60 70 80 90 Hot Dogs/hour 4 When Bill's…

A: Moving from one production point to another means, producing 10 less burgers and 40 more hot dogs.…

Q: 1. When the Fed increases the supply of money, A. the Supply of Money curve shifts leftwards, the…

A: The central bank of the country controls the money supply.  The money market equilibrium is…

Q: Carefully read the case given below, critically analyze it and answer the questions that follow:…

A: Given  Demand function P =2000-10Q             ..... (1) Total cost function: TC= 1000+200Q…

Q: What are the methods of exchange control?

A: Introduction - Exchange controls refer to all the limitations, procedures, and frameworks that a…

Q: 20. The money creation process Suppose First Main Street Bank, Second Republic Bank, and Third…

A: The deposit of $1,500,000 increases liability of the bank and at the same time the total deposited…

Q: 5. Consider the cost function for a firm with the production function from above, F(K, L) = K0.5 +…

A: We need to find whether this production function exhibits decreasing, decreasing, or constant…

Q: Evaluate an ideal Incoterm for international movement of goods.

A: International commercial terms, or Incoterms, are published by the International Chamber of Commerce…

Q: risk-neutral worker can choose Low or High effort. The manager cannot observe the worker's action,…

A: The expected cost is the chance that a specific price will be multiplied by that cost, and the…

Q: QUESTION 7 Based on your answer from the above question, what combination of Burgers and Pizzas…

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