Assume Elias was going to spend all of his time on wristbands but then decides to spend 4 hours on each task. What is Elias opportunity cost of making necklaces?

Q: An oil company is planning to install a new 80 mm pipeline to connect storage tanks to a processing…

A: Given:Initial cost: RM15,000annual pump operation hours: 450 hourspump cost per hours: RM2.50annual…

Q: Calculate the socially optimal quantity of this good or service.

A: An externality refers to the unintended impact of economic activity on parties not directly involved…

Q: A consumer has an expenditure function given by E = Ū(P +Pr). When the consumer has an income of…

A: The maximum utility can be defined as the highest level of satisfaction, well-being, or benefit that…

Q: Question 11 Price & $40 $30 $20 $10 0 $2.500 O $500 O $2,250 150 Quantity Referring to the graph…

A: Monopoly is a market structure where there is a single seller and a large number of buyers. Thus, a…

Q: If only cars and bikes are sold in a country and the consumer price index(CPI) has exceeded the GDP…

A: Consumer price Index (CPI): The Consumer price Index is a measure that quantifies the average change…

Q: In a hypothetical economy, the employment is 100 million, and there are 15 million people…

A: Employment : It refers to the total numbwr of people who have jobs or are currently employed in the…

Q: In an attempt to reduce the large budget deficit, the government raised taxes and reduced government…

A: The use of taxation and expenditure by the government to affect the economy is known as fiscal…

Q: Considering the traditional approach for setting the fed funds rate, why did the interest rate on…

A: The federal funds rate is the type of interest rate on which the depository banks offers reserve…

Q: Suppose that a monopolistically competitive restaurant is currently serving 230 meals per day (the…

A: A monopolistically competitive market is a market structure that has a few qualities of both perfect…

Q: What is the importance of saving?

A: Saving money refers to the act of setting aside a portion of your income or earnings for future use.…

Q: A digitally controlled plane for manufacturing furniture is purchased on April 1 by a calandar -year…

A: An organisation can stretch the cost of a fixed asset across the time it will be used to create…

Q: The basis for trade is comparative advantage, not absolute advantage. O A. True OB. False

A: Absolute advantage by Adam Smith claims that trade is only possible when one country have absolute…

Q: onsider a homogenous good industry with four firms. Total demand is given by D(p)=200-p. The…

A: The impact of  a merger on welfare can be complex and contingent on various factors. When assessing…

Q: The information in the following table shows the total demand for internet radio subscriptions in a…

A: In the field of economics, collusion refers to a mutual agreement among two or more firms to limit…

Q: Review the Ledger-Enquirer news article located in Module 8 entitled: "Chick-fil-A begins…

A: Fixed costs: These are costs that do not change with the number of units produced. Examples of fixed…

Q: Review and reflect on the major topics in this course that address the various aspects of the…

A: ​Request is the eagerness and capacity of a buyer to buy labor and products at a given cost…

Q: answer with explanation and conclusion T OR F Limiting the extent of international trade by imposing…

A: Tariffs : Tariffs  are taxes  or duties imposed on imported goods by a country's government. They…

Q: A small company purchased now for $23,000 will lose $1,200 each year for the first 4 years. An…

A: a) PW(i%) = -23,000-1,200 (P/A, i%, 4) - 8,000 (P/F, i%, 4) + 5,500 (P/A, i%, 11)(P/F, i%, 4) +…

Q: Which of the following statements are TRUE? A. As we move to the left along an indifference curve,…

A: ***Since the expert has posted multiple unrelated questions, so the expert is required to solve only…

Q: V WAGE 10 9 8 7 6 5 4 3 2 1 Refer to Figure 19-1. If the minimum wage in this market is $8, then O…

A: The legally mandated lowest hourly, daily, or monthly wage rate that employers are required to pay…

Q: Multiplier effects occur wh Spending which does not depend on income is referred to as coincident…

A: The multiplier effect can be defined as the magnification or amplification of an initial change in…

Q: Scones 1 2 3 4 5 Total Utility 10 18 24 28 30 Marginal Utility 6 2 efer to Table 6.3, which shows…

A: Total utility in economics refers to the overall satisfaction or benefit derived from consuming a…

Q: You have been asked to evaluate the profitability of building a new distribution center under the…

A: Net present value refers to the present value of all the future cash flows that are adjusted…

Q: In the market shown above, the consumers' marginal benefit from the 30,000th pack is $ and the…

A: Consumer’s marginal benefit is the maximum amount a consumer is willing to pay for an additional…

Q: cenario 2: Individual Preference and Allocating Public Goods The residents of a gated community in…

A: - To maximize the community benefit while hiring 2 security officers and considering each family's…

Q: exec nis es an salary of secretary a salary of P160,000 a year. A certain task can be performed by…

A: Total cost in economics means the sum of all expenses incurred in the production process, including…

Q: IPS Corp. will upgrade its package-labeling machinery. It costs $850,000 to buy the machinery and…

A: Maintenance costs refer to the expenses incurred by firms or individuals to keep their assets or…

Q: Find evidence that can explain how the difference in GDP influences the health of people who reside…

A: ***According to guidelines, external citations or links cannot be used in the answer, accordingly,…

Q: Suppose the government has elected not to impose regulations the industry, and so the firm faces no…

A: A monopoly market is a market structure in which a single firm or entity has exclusive control over…

Q: 2. A firm combines two inputs 21 and 22 to produce an output y. The prices of the two inputs are wi…

A: Inputs x1  and  x2 :  These  refer  to  the  factors of  production or resources used by the firm to…

Q: Explain why demand and elasticity is of interest to you and why organizations should also share this…

A: Demand: Demand refers to the quantity of a product or service that consumers are willing and able to…

Q: Cote d'Ivoire now outlaws the use of child l on cocoa farms and the law is properly enforced. Using…

A: One of the factors that affect the supply of a good is the cost of production or raw material.When…

Q: me following graph shows the market for loanable funds in a closed economy. The upward-sloping…

A: The market in which the person or institution having excess money transacts to exchange the same…

Q: 2. Now suppose there is no financial intermediary to handle liquidity shocks. However, at t= 1 a…

A: Consumer's optimum decision at t = 0 (IM): At t = 0, consumers can either invest their wealth in the…

Q: There are three countries in the world: Country A, Country B, and Country C. These countries have…

A: Trade between nations has served as an amplifier for the development of the economy in the…

Q: Machines that have the following costs are under consideration for a new manufacturing process.…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Describe moral hazard and explain its reference to Central banks. a. How have moral hazards…

A: Moral hazard is a situation in which one party gets involved in a risky event knowing that it is…

Q: "Globalization has a lot to untwine, but as I have read about it I kind of like the trend of…

A: Globalization, a multifaceted phenomenon, has sparked numerous discussions regarding its advantages…

Q: Total revenue minus both explicit and implicit costs defines a firm's: a. profit. b. gross…

A: Understanding the financial performance of a firm involves analyzing various factors, such as…

Q: High-quality pasta products are made from 100 percent semolina, which is made from durum wheat.…

A: Equilibrium quantity in economics refers to the quantity of a good or service demanded and supplied…

Q: "Globalization has shaped our world in many ways and I believe that is beneficial for society to…

A: Globalization refers to the process of increasing interconnectedness and interdependence among…

Q: 1. The film elaborates and mocks ideological justifications for capitalism. What were some of the…

A: Capitalism, as an economic system, has been praised for various motives via its proponents.

Q: Income $32,000 $48,000 Quantity of good X purchased 14 22 Quantity of good Y purchased 28 23 Refer…

A: Elasticity has changed throughout time, starting with the fundamental notion of supply-demand…

Q: aracterize Vietnam's economic development before Doi Moi reforms, str

A: Reforms can be described as the deliberate and systematic changes or modifications done with the…

Q: Suppose that a risk neutral competitive firm has to make its output (y) decision before it observes…

A: Perfect information is a case only for a perfectly competitive market where all market participants…

Q: What can be written in research design for thesis on importance of risk management mechanism in the…

A: Research layout for Thesis at the importance of risk management Mechanisms in the Banking region…

Q: Suppose a​ monopoly's price elasticity of demand equals −5 and the marginal cost of production…

A: Lerner index states the relationship between profit-maximizing price, marginal cost, and price…

Q: A school is overcrowded and there are three options. The do-nothing alternative corresponds to…

A: The B/C ratio is commonly used to assess the economic viability and desirability of a project. A B/C…

Q: rrigation canals are proposed to be built in an arid region. The initial cost is estimated to be…

A: c) 1.608

Q: QUESTION 9 Use the following table to answer the questions below. Vietnam's Production Possibilities…

A: Opportunity cost is an economic concept that refers to the value of the next best alternative…