At Emory's Pens and Pencils when they produce 50 pens their total cost is $80. Emory's marginal cost to produce the 51st pen is $1. What is the average total cost of producing 51 pens?

Q: In an OLG economy where each generation has 20 bananas when young, 0 bananas when old. With money, w...

A: Given the number of bananas when young = 20  Number of bananas when old = 0  

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A:

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A: "Correct option is I-3,ii-4, iii-1, iv-2."

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

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A: Answer is given below

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A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

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A: Answer: Given, Demand function: Q=350-2PCurrne tprice=$150 The following formula will be used to fin...

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A: To find : What is condition depicted above

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A: According to the data on real output  y, price level p, and nominal wage W at two distinct time peri...

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A: "Statement is FALSE."

Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...

A: Total Cost of the firm : TC=a+bQ2 In the long run,perfectly competitive firm produces quantity at wh...

Q: Define the three principles of sound tax system (Fiscal Adequacy, Equality or Theoretical Justice, A...

A: The tax system is defined as a principle-based system of legally regulated public relations that ari...

Q: Define confidentiality

A: Confidentiality can be a helpful aspect in financial matters or personal matters. 

Q: PH debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16% yearly. Sup...

A: We have, The PH debt as of today amounts 12 trillion The Philippines have 110million people, with th...

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A: At the marketplace, an organization maintains variously financial statements to evaluate its perform...

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

A: * SOLUTION :-   

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A: The measure that depicts the change in quantity being demanded of a good with respect to the change ...

Q: e equilibrium exchange rate is 0.70 euros per dollar. At this exchange rate, the quantity demanded e...

A: According to the question, The equilibrium rate is 0.70 euros to the dollar. The quantity required e...

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A: Given that Cheese is a normal good. In the case of normal good the law of demand hold.

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Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GD...

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Q: Suppose the government imposed taxes o1. salt. Who bears the tax incidence and why?

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is...

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

A: "Correct option is c."

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A: APEC (Asia Pacific Economic Cooperation) established in 1989 APEC facilitates trade, economic growth...

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

A: "Statement given in question is TRUE."

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: The description of the event of fresh milk in a company: Supply, Demand, and Government Policies -...

A: The law which controls the way in which a business could tend to operate or a combination of all law...

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...

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A: Answer-

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

A: The term GDP means the aggregate total output produced by a country in the current year. This produc...

Q: 10. Unemployment benefits usually last for 26 weeks; however, the federal government can vote to ext...

A: The economics as a study is based upon the basic idea of scarcity, and the resources which are prese...

Q: Identify the effect of surplus budget on either demand or supply curve and the equilibruim interest ...

A: Loanable funds market equilibrium occurs when Demand for Loanable funds is exactly equal to supply f...

Q: Define conversation analysis (CA)

A: Define Conversation analysis Conversation analysis (CA) is a method for studying social interactions...

Q: 38. Rational decision making requires that A. One's choices be arrived at

A: To find : What is required to make rational decision. 

Q: A monopoly’s price is $20. At this price the absolute value of the elasticity of demand is 2. What i...

A: Given the Price, P = $20 Elasticity, e = 2  

Q: Assume an economy with a coal producer, a steel producer, and some consumers (there is no government...

A: Gross domestic product (GDP) is a monetary measure of the market value of all final goods and servic...

Q: .In economics, what a consumer is ready to pay minus what he actually pays, is termed as

A: To find : What is ready to pay minus actual pays. 

Q: From the following data calculate GNP at factor cost by Income Method & Expenditure Method Rs. in Cr...

A: The gross national product at factor cost represents the market value of all goods and services prod...

Q: Consider an OLG economy where each generation has 20 bananas when young, and 12 bananas when old. Su...

A: One of the dominant frameworks of analysis in the study of macroeconomic dynamics and economic growt...

Q: The popularity of the leader of a nation can affect the value of their currency. If the President of...

A: Exchange rate refers to the value of the domestic currency measured in terms of a foreign currency. ...