At the market equilibrium (a) The quantity demanded is equal to quantity supplied (b) The total of consumer surplus and producer surplus is at a maximum (c) The marginal opportunity cost of the last unit traded of the good is equal or almost equal to its marginal benefit. (d) All the above. (e) None of the above.
Q: The most common indicator in the labour market is unemployment rate. GDP. recessions. inflation.
A: Question 2 will be answered. To understand the labor market, we should see how many people looking f...
Q: A good that crosses borders one or more times as it gets progressively assembled is called an ______...
A: The full vary of activities like style, production, marketing, distribution, and support to the ulti...
Q: Assume that the government sets a price floor in the market for wheat and the price floor is set bel...
A: Price floor refers to the legal minimum price that can be charged for a good.
Q: 6. Average nominal wages are higher in large cities than small cities. This is consistent with A. La...
A: The markets are the place where the buyers, and the sellers of various goods, services, and other pr...
Q: Recall the fact that 1 feet = 12 inches. Conversion factors are fractions of value 1 that we use to ...
A: 516=316=5.17As,1 feet=12 incches5.17 feet=(5.167 x 12) inches =62.004 or 62 incches
Q: The equations below show some macroeconomic information for the economy of Nightwing. All autonomous...
A: Given: C=94+0.90Y0T=26+0.13YI=140G=198.5XN=120-0.19Y
Q: Assume that the government sets a price floor in the market for wheat and the price floor is set bel...
A: Despite the market being in equilibrium, it can sometime lead in exploitation of consumers or produc...
Q: QUESTION 13 A negative productivity shock O A. always decreases the amount of output for a given lev...
A: Output is produced using different inputs of production such labor, capital and land.
Q: Describe the key features of the graph in 250 words or more. You need to start with anoverview to wh...
A: what does each curve represent? In the above diagram, Ps(Q) represents the initial supply curve and...
Q: Diego buys a one-year Argentinean government bond for 100 pesos. If the nominal interest rate on the...
A: Given, Government bond = 100 pesos Nominal interest rate = 33% Expected inflation = 33%
Q: Which of the following is part of mandatory outlays? A. Income assistance B. Defense spending ...
A: A Outlay happens when Federal cash is really paid out, not simply vowed to be paid ("obligated"). In...
Q: If the price is set at $100 imposed on the industry, determine: ) quantity demanded Q= Type your ans...
A: The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It i...
Q: What is the Human Development approach to growth in developing countries? Also, briefly explain the ...
A: HDI which is the abbreviation of Human Development Index is a statistical composite index of life ex...
Q: ood X as an input into its manufacturing process. It buys 8000 units of good X 1000 units of good Y,...
A: *Answer:
Q: 6 Can you provide me answer Answer Must Be In " Giuseppe Format " i.e Hnnt format ... With explainat...
A: In the short run, the Philips curve dips downward. Because it accounts for the impact of the unemplo...
Q: Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36...
A: * SOLUTION :- Based on the given information the calculation as follows.
Q: What is the price of one dollar if exchange rate is 1.5 dollar
A: The exchange rate is a crucial topic since it is the foundation of modern international trade, allow...
Q: ASAP
A: A monopoly refers to a particular firm and its items controlling an entire industry whereby there is...
Q: Given the production function Y=(lp +kp)1/p, what is the technical rate of substitution, the elastic...
A: A production function is a mathematical and occasionally graphical method of calculating production ...
Q: A machine that produces a certain piece must be turned off by the operator after each piece is compl...
A: Given:- Machine produces=50,000 pieces Operator earns=$4 Break require servicing=After 476 hours Bre...
Q: Using the dynamic aggregate demand and aggregate supply model, illustrate and explain the impact of ...
A: Demand: It refers to the goods and services that people demand. The more demand will help the people...
Q: Are these answers correct? The question is attached as a photo x) This statement is true. If the cr...
A: Cross elasticity of demand refers to the degree of responsiveness of demand for one good due to a ch...
Q: 6
A: Major disruptions in a supply chain's production or distribution, such as fires, machine malfunction...
Q: Euclid, whose income is W, consumes bundles of food (F) and transportation (T). Suppose that Euclid ...
A: Goods are perfect substitutes when only of them is consumed. MRS is the rate at which a consumer ca...
Q: d. What is the profit maximizing output level of each company? e. Based on the mix...
A: ANSWER D FIRM 1 FIRM 2 THEREFORE, FIRM 1 PROFIT MAXIMIZING OUTPUT LEVEL = 10800 FIRM 2 PROFIT...
Q: If an economy described by the production functionY= K has 30% of output invested in new capital and...
A: At steady state capital remain constant, that is rate of change in capital stock is zero. This impli...
Q: discuss in detail what is the importance of dircet taxation and how application of direction taxatio...
A: Direct taxes, such as income tax, poll tax, land tax, and personal property tax, are one sort of tax...
Q: raw graph of US trade possibilities frohtier on the graph
A: Ricardian Model: A Ricardian model assumes there are two units of production preferably two countri...
Q: COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global ec...
A: Economies of different nations have experienced worse during pandemic and the main factor for the si...
Q: There are many buyers and sellers in the market for trumpets. 1. If trumpets are normal goods, expla...
A: Equilibrium in the market occurs where quantity demanded equals quantity supplied. It happens at the...
Q: Consider a simple economy that produces only three products: hot dogs, torches and golf balls. Use t...
A: since you have asked multiple questions and according to our policy we can only solve the first part...
Q: What factors cause Stagflation?
A: please find the answer below.
Q: please write answer to questions 2 and 3
A: -----
Q: Jay has spent $2400 purchasing and repairing an old tractor, which he expects to sell for $4000. He ...
A: Cost benefit analysis is a systematic process that analyze which decisions to make and which to forg...
Q: One of objectives of economic development is human capital development. a.) True b.) False
A: When talking about economic development, it is not only about the core economic aspects like income,...
Q: Two alternative machines (A and B) have been suggested each costing 4,50,000. Cash Question. 2. The ...
A: Given: Cost of machine=$450000 Return on capital=10%
Q: Which of the following refers to the Direct Loan Program provided by the Export-Import Bank of the U...
A: Exim bank is the export and import bank that facilitates the financial assistantance to the importe...
Q: Problem 1. Indicate which process from the alternatives shown below should be used on the basis of t...
A: Here we calculate the annual worth of the process X and Y by using the given information , so the ca...
Q: 1. Use Exhibit 1. Which of the following statements is (are) correct? (x) Using the midpoint method,...
A: Answer is given below
Q: 9
A: USCMA is a trade agreement between the named parties the United States, Mexico and Canada. It has re...
Q: Multivariable Unconstrained Optimization. Solve for critical values and check for the sufficiency co...
A: Max U = 4X0.5Y0.5 Px = 2 PY = 8 Budget (M) = 100 Budget Constraint : M = Px X + PY Y 100 = 2X + 8Y
Q: 14. Supposing that a single consumer works for a firm, the quantity of labor input for the firm, N, ...
A: Answer
Q: uestion 20 0/1 pts Most of the short-run fluctuations are the result of demand shocks uncertainty ca...
A: Answer 20 - c) can’t determine because short run fluctuation are caused due to change in labour , ca...
Q: 3. According to the textbook, which of the following statements about drug interdiction is (are) cor...
A: Drug interdiction means the policies that are adopted by the government to reduce the supply of drug...
Q: 2. A consumer with the utility function U(x,,x2) = xfx faces prices p, = 4, P2 = 5 and has an income...
A: Utility Function : U(x1,x2)= x12 x23 Maximise: U(x1,x2)= x12 x23 Subject to: Budget Constraint p1x1+...
Q: Phoenix Pharmaceuticals is putting together its R&D budget for the coming year. The firm has compile...
A: Social demand exceeds private demand when there are external benefits of the good. Research and deve...
Q: Study: 30-Year Life Expectancy Gap in 2 Chicago Communities The life expectancy of people living in ...
A: Economic growth and development somehow become the reason of improving the standard of living of com...
Q: Price Discrimination: SouthSide Salon is a local bar and nightspot in Mankato. On weekends, it requi...
A: The economic significance of cover is that it is an indirect means of generating extra revenue for b...
Q: 1. Assume a daily production function for a firm is Q=min(3L, 4K) a. If L 100 and K = 100 what quant...
A: Here we calculate the followings terms of production and cost by using the given information and con...
Q: Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF...
A: Production possibilities frontier shows different combinations of two goods that can be produced wit...
|
(a) The quantity demanded is equal to quantity supplied
|
||
|
(b) The total of
|
||
|
(c) The marginal
|
||
|
(d) All the above.
|
||
|
(e) None of the above.
|
Market is said to be in equilibrium when quantity demanded by consumers is equal to the quantity supplied by producers.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Assume all benefits (and costs) accrue to the buyers (and sellers) and the buyers and sellers interact in a market. Currently we have three buyers who value a good at $40. There are three possible sellers A, B, C whose marginal costs of production are $20, $30 and $50. Another seller, D, enters the market. D's marginal costs of production is $40. What is the change in surplus caused by D's entry?Do not include the $ sign and remember to include a negative sign if you want to say that surplus has decreasedAfter two years of suspension, this 2022 the National Cheese and Wine Fair returns, which will take place on weekends from May 20 to June 5, in Tequisquiapan. The 42nd edition is expected to generate an economic benefit of 120 million pesos and receive 60,000 visitors, informed the Coordinator of Liaison and Monitoring of the State Tourism Secretariat, Yara Beltrán Gómez. During the presentation of the fair, he said that the state has more than 30 vineyards and 11 artisan cheese factories, emphasizing that it is the most visited wine tourism region in the country, attracting a million visitors annually. Based on your knowledge of economics, and that you are a supplier of grapes to produce Cavernet wine, and where you take the price of grapes as established by the market, determine the optimal amount of production. Includes graphical analysis. a) Where the IMG = Demand b) Donate the IMG=CMG c) Where the Img=CmeT d) All of the aboveWhat is Consumer Surplus at a price of $5? Price Quantity Demanded Quantity Supplied 12 1 6 10 2 5 8 3 4 6 4 3 4 5 2 2 6 1 Multiple Choice $4 $20 $16
- Only typed answer If the price of a Spyder drops to $625,000, Instructions: Enter your responses as a whole number. a. How many Spyders can be sold at that price? b. How much consumer surplus will there be if the cars are sold at that price? Combined consumer surplus: $ c. How much revenue (price × quantity) will the car dealer get if he sells the cars at (i) the same price ($625,000)? $ (ii) the maximum price each buyer is willing to pay? $referring to the market graph above, the equilibrium price is a.$4000 b.$2000 c.$3000 d.$50001. The optimum price for a product in a specific market occurs when a. Supply exceeds demand b. Demand and supply are in equilibrium c. A company approaches monopoly standing d. Demand exceeds supply 2. Skip, the manager of a local senior living facility, has been under a lot of pressure from his regional manager because the occupancy rate at his facility is 80%. Given his fixed costs, if he wants his average per patient costs to equal his company’s average per patient cost (which is lower than Skip’s), he needs to increase his occupancy rate to 90%. When he does this, he will be taking advantage of a. Opportunity costs b. Marginal analysis c. Economies of scope d. Economies of scale 3. Suppose an investment project has an NPV of $75 million if it becomes successful and an NPV of –$25 million if it is a failure. What is the minimum probability of success above which you should make the investment? a. 0.33 b. 0.25 c. 0.50 d. 0.10
- Problems 1-6 are based on the following information: A company sells PC software whose price is determined by p = 200 - 5Q, where Q is the quantity purchased per day. It has fixed costs of $100 per day and variable costs of $10 per unit sold. Profit is ________ at the profit-maximizing price and quantity. A. $2025 B. $1705 C. $290 D. $105 E. $1995Q2 solution needed i need in words not handwritten solution Q1: The October 30th, 2021 edition of The Economist included an article titled “As EnergyPrices Spike, Governments Reach for the Dirtiest Tool in the Box.” (It is not necessary foryou to read the article; we will provide all relevant information in the questions we ask).The “dirty tool” in question is fossil-fuel subsidies. For Question 1, consider the marketfor natural gas in January 2020, prior to the onset of the Covid pandemic and before anychanges described in The Economist article. Assume that in January 2020, natural gasprices were in a short-run equilibrium.• Draw a graph that shows supply and demand analysis for gas in January2020. This graph will serve as a starting point for your analysis inQuestions 2, 3, 4, and 5.• In drawing this graph, please assume that the demand curve is downwardsloping and the supply curve is upward sloping.• Clearly show the market equilibrium in January 2020.• Please remember to clearly…1 The functional e-demand factors can be organized into three quality packages(USS): Use quality, System Quality, and Service quality. Select one: a. False b. True
- Hello, I need help with VII, VIII, and IX. Thank you so much! FYI the initial equilibrium found in part ii is i = 5/95 = 5.263%Consider the information above. In equilibrium, what will the market price be? a) $20 b) $65 c) $80 d) $110 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure14 please quickly thanks ! Under-allocation of resources occurs at the output where: A. Marginal benefit is greater than marginal cost. B. Marginal cost is greater than average total cost C. Marginal revenue equals to marginal cost. D. Social cost is below private cost.
