At what price does Shortage and Surplus occur ? Once a market has shortage and Surplus, then what happens to the market price?

Q: Question 13 The use of theory and observation is more difficult in economics than in sciences such a...

A: * ANSWER :-    (13) From the given information the answer is provided as below As per guidelines I a...

Q: The output from a McDonalds restaurant would be classified as ________ production.A) quaternary B) p...

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

Q: We have been asked to analyze our toy products by price (from $10.00 to $13.00 by 0.25) and quantity...

A: Given, Fixed Cost = $94,550 Material cost per toy = $4.77 Labor cost per toy = $3.17 The profit = $1...

Q: Price (dollars per unit) 92 91 90 89 88 D 2 3 4 5 6 7 8 Quantity (units per day) The figure shows a ...

A: Answer: Given, Point Price Quantity A 91 (P1) 2 (Q1) B 89 (P2) 4 (Q2) The following formul...

Q: Average revenue is.      A) price multiplied by the number of units sold. B) the extra revenue gain...

A: The mathematical average of income earned per unit or per user is known as average revenue. The aver...

Q: 3. Gains from trade Consider two neighboring island countries called Dolorium and Arcadia. They each...

A: Given:- Country Dolorium  with 4 jeans and 16 rye and, Country Arcadia with 5 jeans and 10 rye. Plea...

Q: Which definition best describes real GDP? the production of goods and services valued at current pri...

A: The real GDP of a country is a measure of its gross domestic product adjusted for inflation. In comp...

Q: A. It is known that the population of a community in 1995 was 230,000 people. The population continu...

A: Since you have posted multiple questions, we will answer the first question for you. If you want any...

Q: For each of the following statements, illustrate the effect of each event on the  market for red sna...

A: The equilibrium price is the only price at which the plans of consumers and producers coincide—that ...

Q: READ the following statements about globalization and discuss the key concepts in each. What do you ...

A: Globalization is described as the spread of technology, products, jobs, and information across count...

Q: Use the accompanying graph to answer the questions. Ziva is deciding how many fireworks and toy rock...

A: Answer: To draw the budget constraint (BC) let us first find the values of y-intercept and x-interce...

Q: The following graph shows the market for laptops in 2010. Between 2010 and 2011, the equilibrium pri...

A: In economics, equilibrium refers to the situation in which the quantity demanded is equal to the qua...

Q: Sheldon is determining how many hours he should work. His wage is currently $18/h and he has 100 h/w...

A: Please find the answer below.

Q: 14. A supply and demand puzzle The following graph shows the market for roses in 2007. Between 2007 ...

A: Answer: If the demand for a good increases/rises and the supply falls by the same amount then the p...

Q: Even though the US economy is only about 15% of global GDP, US banks earn 60-70% of global banking f...

A: With massive technological budgets and equity market dominance, America's largest financial institut...

Q: List all the contingent plans of each player.

A: Contingent plan refers to the possible actions available based on the other players choice. Since Al...

Q: Willingness and Ability to Purchase Person (Dollars) Andrew 520,000 Beth 510,000 Lorenzo 750,000 Neh...

A: Given: Minimum selling price=$575000

Q: individuals may get funding from the capital markets.

A: Capital markets are defined as the market where the trading of shares, debentures, long-term securit...

Q: 6. You have a balance of $1,500 on the credit card described in q5. You make the minimum payment req...

A: Annual rate % (Nominal interest rate) : 10.95% Compounding : Monthly (12/Yr)   => The Effective a...

Q: A firm requires exactly four full-time workers to operate each piece of machinery in the factory. Us...

A: In economics, an isoquant is a curve that, when plotted on a graph, shows all of the combinations of...

Q: Transfer pricing refers to      A) the pricing system within a business to transfer intermediate pr...

A: The answer is -  A) the pricing system within a business to transfer intermediate products between i...

Q: If you are hired by an organization, you would be least hurt by inflation if

A: Inflation is the consistent rise in general price level over period of time. It reduces the value of...

Q: Question 4 Senator Maki argues that replacing the income tax with a national sales tax would increas...

A: Answer (4): Senator Maki argues that sales tax will increase the level of output, where he is focusi...

Q: Suppose the Indian government as part of its trade policy decides to remove tariffs or quotas. In an...

A: India's Foreign trade policy aims to increase the country's share of global trade from the current p...

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources ...

Q: Which of the following is an example of fiscal policy? O a Controlling money supply. O b. More than ...

A: The use of government spending and tax policies to impact economic conditions, particularly macroeco...

Q: Suppose an economy's prodaction consusts only of com and soybean. In 2005, 20 bushels of corn are so...

A: Nominal GDP is calculated by multiplying the current year quantities of goods and services with curr...

Q: You are an FOMC member, and you know that, in the last few recessions, the Fed cut interest rates by...

A: Inflation is the  rise in the price of goods and services. Inflation cannot be quantified by a rise ...

Q: 1-R2 k -1 b-briefly explain the reasons for the following statements to be true or false - The class...

A: Given:  R2 n-k =ûú6 24ëê ùS2 +(K−3)2é  

Q: Evaluate the statement “Inflation reduces the purchasing power of Peso

A: Inflation is an important concept in economics. It refers to the increase in price levels from one p...

Q: Suppose the following equation describes the relationship between the average number of classes miss...

A: As we know the that a function has two variables one is Independent variable and another one is depe...

Q: Illustrate the appropriate change and specify whether each change represents an increase or a decrea...

A: If a product or service appears to be similar enough to another to be considered a substitute or sub...

Q: 1) What's the opportunity cost of a typical college education? What's your personal opportunity cost...

A:   "Since you have posted a question with multiple sub-parts,we will solve first three sub-parts for ...

Q: 1. Describe a separating equilibrium in the Rothschild-Stiglitz model with perfect information. 2. ...

A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...

Q: Consider the following modified version of the model of the firm studied in class. The firm lives fo...

A: The goal of a computational problem is to find the best of all potential solutions. In more formal t...

Q: A thug wants the contents of a safe and is threatening the owner, the only person who knows the code...

A:

Q: Provide example on how individuals may get finding from the capital markets?

A: Capital market is the market where long term funds are raised by individuals , firms , companies . I...

Q: The demand for stoves is given by QD=450−20? and the market supply is given by QS = 20 + 100P In eq...

A: In economics, supply and demand refers to the relationship between the amount of a commodity that pr...

Q: 3. Boyoung is writing a paper about the effect of Sunday liquor sales on drunk driving. She has pane...

A: Regression determines the relationship between dependent and independent variables which results fro...

Q: Two firms compete by choosing price. Their demand functions are Q, = 200 - P, + P2 and Q2 = 200 + P,...

A: Both firm wants to maximize profit given the other firm's choice of price. Here, the marginal cost i...

Q: Consider the following decision problem with monetary outcomes: State: Si S2 Probability: a $100 $0 ...

A: (a) A risk neutral individual will pay the expected value of the lottery. Therefore, For act "a" Ann...

Q: Paul's PPF Sue's PPF Cheese Cheese 100 60 40 32 36 60 Ham 42 90 Ham According to the graph above, fo...

A: Opportunity Cost for Paul for producing one pound of Ham is = What one Sacrifice / What one gains = ...

Q: Question 17 Figure 3: Production possibilities frontier baneries bagels Refer to figure 3. Which of ...

A: Which of the following events would explain the shift of the production possibilities frontier from ...

Q: 6. (See week 5 Autumn Term) Assume you can work as many hours you wish at £12 per hour (net of tax)....

A: ANSWER    Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not wor...

Q: Are ASEAN countries still experiencing absolute poverty, name the country and present some data base...

A: ASEAN, or the Association of Southeast Asian Nations, is a political and economic union in Southeast...

Q: Describe and justify your choice of the most appropriate indicators, such as GDP, literacy rates, he...

A: The measure which estimates the value being added in a country which is the sum of the final value o...

Q: Market failure occurs when      A) resources are misallocated or allocated inefficiently. B) perfec...

A: Market failure refers to when the market is in disequilibrium condition because of market distortion...

Q: Define (1) Economic Stocks and (2) Economic Flows.

A: Answer: (1). Economic Stocks: The stock variable refers to the variable which is measured at a parti...

Q: Price (dollars) 9. 7 5 10 14 18 22 26 30 Quantity (units per year) In the figure above, using the mi...

A: Price elasticity of demand can be calculated by finding the change in quantity demanded in response ...

Q: A coupon bond with a face value of $1200 that pays an annual coupon of $200 has a coupon rate equal ...

A: A coupon is the interest payment received by a bondholder from the date of issuance to the maturity ...