As we know everything hsa and every subject has its laws, Define the laws of Economics?

Q: Why is a​ Cobb-Douglas production function useful for analyzing economic​ growth?

A: Economic growth is defined as an increase or improvement over time in the inflation-adjusted market ...

Q: Suppose there are 2,000 potential consumers in the Chestnut Hill market for tablet computers. All co...

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Q: consider the money market model, price of a potato chips and the real wage. Suppose that the central...

A: Money neutrality says that the change in the amount of MS (money supply) in an economy affects only ...

Q: ATul gets a pocket money allowance of. $ 12 per day. Thinking that this was rather less, he asked hi...

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Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of...

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimi...

Q: The joint probability distribution of two random variables, Xand Y, is given in the table below. Y=-...

A: For X greater than or equal to -1 we have X = -1 and X=0 And for Y greater than or equal to -3, we h...

Q: What effect did creating a single market and single currency within the European Union have on the c...

A: European Union Single market: The single market was formed within the European Union so that while t...

Q: It is found that 35 of 250 housewives in Delhan, 22 of 220 housewives in London and 39 of 300 housew...

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Q: A proprietor of a food-stall has invented a new item of food delicacy which he calls WHIM. He has ca...

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Q: When the Bank of Canada is trying to constrain monetary expansion, it often has difficulty in gettin...

A: The money supply of an economy is expanded via expansionary monetary policy.An increase in the money...

Q: Suppose that the world demand and supply elasticities of crude oil are -0.906 and 0.515, respectivel...

A: Solution:- 1)  If the demand curve is linear, it is in the form of QD = a + bP Also, we know that Ed...

Q: 3. A monopolist sells in two markets. The inverse demand curve in market 1 is Pi = 200 – 91. The inv...

A: Demand in market 1 : p1=200-q1 Demand in market 2 : p2=300-q2 Total Cost : (q1+q2)2=q12+q22+2q1q2   ...

Q: Assume that you are told a country's nominal GDP decreased from one year to the next. All of the fol...

A: Gross domestic product is the total production of goods and services that are produced within the gi...

Q: Numerical simulation. Consider the following Solow growth model: Yt = 10 * /k, k++1 = kt – 0.1k; + 0...

A: Given  yt=10kt          .... (1) kt+1=kt-0.1kt+0.2yt           .... (2) k0=50 “Since you have posted...

Q: 3) A paper factory signed contract to produce 1000 reams of paper each week for a customer. The pape...

A: (a) Q = 4K0.75L0.25 Differentiate Q w.r.t L to get MPL => MPL = dQ / dL => MPL = 4 * 0.25 K0.7...

Q: A market research firm is interested in surveying certain attitudes in a small community There are 1...

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Q: 3. An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quar...

A: P= 100,000   r= 12% compounded semi annually = 12%/2 = 6%   Number of years= 2.5 years (10 installme...

Q: Problem 1 Historically, vaccinations have prevented the spread of certain diseases such as chicken p...

A: Hi! Thankyou for the question, As per the honor code, We'll answer first question since the exact th...

Q: In a competitive market with free entry and exit from the market a permanent rise in demand will lea...

A: A permanent increase in demand raises market quantity, and the market price for each business climbs...

Q: What can increase the standard of living in the Malthusian​ model?

A: Before the industrial revolution, the Malthusian economy was the economic system that characterised ...

Q: 10. Which of the two curves would Keynesians believe is more likely to be the case? Which is more in...

A: Keynesian economists and monetarists have different opinions about the demand for money's sensitivit...

Q: Briefly explain monopolistic competition and provide an example of this in a South African industry.

A: Markets refers to the arrangements under which buyers are sellers are able to strike a deal regardin...

Q: In the third division of labor during the upper barbarism appear: a) farmers and herdsmen ...

A: The separation of a various work process into a number of jobs, each of them is done by a specific i...

Q: Which of the following is ot a benefit of budgeting? It is a basis for performance evaluation. It as...

A: The correct answer is  D. It deters waste  It is not the benefit of budgeting because budgeting is d...

Q: Q#2 Graph the EUAC or EUAB of the following two mutually exclusive alternatives. Use interest rate f...

A: EUAC or, Equivalent Uniform Annual Cost can be calculated by:EUAC = P(A/P, i %, n) - S(A/F, i %, n) ...

Q: A $14,500 bond that has a coupon rate of 5.80% payable semi-annually and maturity of 5 years was pur...

A: The answer is given below

Q: Using the information in the following table on Mexico’s 1996 international transactions to answer t...

A: Balance of trade is defined as the difference between the value of exported and imported goods and s...

Q: Exercise I.1 The figure below shows the utility function of a representative individual as a functio...

A: According to question government must tax 50% of utility for any individual . So , Person with incom...

Q: Question 10 In a closed economy with no government, is consumption plus investment. O saving O real ...

A: In closed economy with no government, we have only consumption and investment.

Q: What is the future worth of P600 deposited at the end of every quarter for 4 years if the interest i...

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Q: n NGO is considering building a school for children in a community with 200 children. Assume that cu...

A: Social value per child going school = 2000  Total Additional social value with construction of new s...

Q: The demand and supply functions for basic cable TV in the local market are given as: QD = 200,000 –...

A: We have The demand function for basic cable TV: QD=200,000-4,000P        .... (1) The supply functio...

Q: QUESTION 7 If E(X) = 0, then V(X) must equal to: OA 0 Ов. 1 OC E(X2) D.none of the above

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

Q: A perfectly competitive firm's production function is Q=8LK where Q is the amount produced, L is the...

A: Marginal revenue product of labor measures the change in total revenue due to a change in labor by a...

Q: 4. At a price of $100 each, Beachside Canoe Rentals rented 11 canoes. When it increased its rental ...

A: The demand curve shows the negative relationship between the price and the quantity demanded. The de...

Q: At a price of $4.65 per pound, the supply for cherries is 16,117 pounds, and the demand is 10,232 po...

A: Given: Price(old)=$4.65 per pound Price(New)=$4.13 per pound

Q: Jess is an artist and spends all of her income on pen and pencils. Pen costs $4 per piece and pencil...

A: Jess is an artist and spends all of her income on pen and pencils. As given price of pen is $4 per p...

Q: What is the 'revolving door' of aid and capital flight? How do Ndikumana & Boyce claim that Africa i...

A: The revolving door is the concern with job switching from public to private or private to public and...

Q: The following table gives nominal GDP and the price index for two years. Find real GDP in each year,...

A: Here, the given table provides information about nominal GDP and price index  for 2010 and 2011.

Q: BDO Savings Account FEATURES Minimum Initial Deposit Php 2,000.00 Minimum MADB Requirement (1) Php 2...

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

Q: The demand function for rooms is Q,(p) = 700 - 5p, where Q, is the number of rooms demanded and p is...

A: Profit maximizing quantity is such quantity where marginal revenue is equal to marginal cost. 

Q: What is the effect of an increase in total factor productivity on steady state population and consum...

A: A Malthusian growth model, sometimes called a simple exponential growth model, is essentially expone...

Q: QUESTION 2 The first-order derivative of the function may be useful for: O 3. Evaluating the approxi...

A: The first derivative test is the most common way of investigating capacities involving their first d...

Q: Today, you invest P100,000 into a fund that pays 28% interest compounded annually. Three years later...

A: Compound interest formula : Final amount = Principal (1+interest rate/number of compounding periods)...

Q: Explain profit maximisation. Discuss price discrimination and the role it plays in perfect competit...

A: Perfect competition refers to the form of market structure that consists of large sellers of a singl...

Q: Use the World View to answer the questions. Be sure to spell the country correctly.  WORLD VIEW Com...

A: Inflation: When price increases at a continuous rate then this can be considered inflation, when inf...

Q: POn the basis of quarterly sales (in $ lakhs) of a certain commodity for the years 2001-2005 the fol...

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Q: an independent farmer, CO D F FF: Angela and Bruno combined 16 24 Angela's hours of free time ct TWO...

A: The correct answer is B. The final outcome could be point H, which is pareto improvement.  D. The fi...

Q: Suppose an amusement park lowere the price of admission. If the demand for admission is elavtic, the...

A: The measure that depicts percentage change in quantity being demanded with respect to percentage cha...

Q: 5. The market for loanable funds and government policy The following graph shows the market for loan...

A: Scenario -1    Individual savings will benefit from increasing the maximum contribution to an IRA. A...