barter system

Q: What must an entrepreneur do to earn a profit? How do the actions of firms earning profits influence…

A: Explained below in detailExplanation:Approach to solving the question: Earning a Profit as an…

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Q: 2. Find the Nash equilibrium of the game below: Low Price Medium Price High Price Firm B a. Low…

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Q: MARR = 10%. An investment of $2000 in year 1, $2100 in year 2, and increasing by $100 each year for…

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Q: 1. Determinants of the price elasticity of demand Consider the following list containing several…

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Q: Choose the false statement about monopoly. O Natural monopolies usually enjoy economies of scale in…

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Q: Required information A group of engineers responsible for developing advanced missile detection and…

A: The benefit-to-cost ratio is the profitability indicator used to analyze the viability of the cash…

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A: Given upgrading cost= 4700operating cost of upgraded vehicle= $1450 per year.Salvage value=…

Q: Help!

A: Explanation is given below Explanation:

Q: P* Pw Pdump P S In the graph above, Pw=29, Pdump=17, Q1=6, Q2=9, Q3=13, Q4=20, Q5=22. Germans are…

A: Pw = 29,PDump = 17Q1 = 6Q2 = 9Q3 = 13Q4 = 20Q5 = 22

Q: price elasticities

A: The period "welfare change" refers back to the alteration in general properly being or application…

Q: 8. Total economic surplus The following graph plots the supply and demand curves in the market for…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve.The…

Q: there are 100 bakeries producing bread at a neighbourhood with 10,000 households. each household's…

A: Long run equilibrium and short run equilibrium are concepts that reflect how businesses and markets…

Q: What are five ways in which Zambia can improve unfavourable balance of Trade

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Q: Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $175,000 in total…

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Q: The table below lists the prices from last year and the base year for a college-related basket of…

A: Inflation is a non-stop change in the rate of a basket of products and offerings. Inflation may be…

Q: 2. A company is planning to install a new automated concrete block making machine. Four different…

A: Present worth (PV), also known as present discounted value, refers to the current value of an…

Q: Which of the following is an effect of deflation on debt? a) Debt becomes easier to repay b) Debt…

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A: Consumers surplus is the difference between the highest price a consumer is willing to pay and the…

Q: 3. Demand is said to be when the quantity demanded is very responsive to changes in price. (BLOOM'S…

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

Q: You are the manager of a firm that competes against four other firms by bidding for government…

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Q: what is the efficiency (or deadweight) loss due to monopoly control of the industry?

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Q: Rate of Return Analysis

A: Rate of Return Analysis is a monetary approach used to assess the profitability of an investment by…

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Q: Market structure

A: Market share refers back to the portion of general sales or sales generated by using a corporation…

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Q: (1) (2) (3) (4) (5) Qd Qd Price 60 50 $12 80 90 70 60 11 70 80 90 70 10 60 70 100 80 9 50 60 110 90…

A: Supply basically refers to the quantity of goods or service that a seller is willing and able to…

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A: Total revenue, also referred to as gross revenue, is the income generated by a business from selling…

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

Q: Suppose Dalia is a sports fan and buys only football tickets. Dalia deposits $3,000 into a savings…

A: Dalia is a sports fan and buys only football tickets. Dalia has $2000 which he deposits into a…

Q: (1) (2) (3) (4) (5) Qd Qd Price Os Qs 60 50 $12 80 90 70 60 11 70 80 90 70 10 10 60 70 100 80 9 50…

A: Supply basically refers to the quantity of goods or service that a seller is willing and able to…

Q: MARR = 12%. This asset is similar across some other asset replacement questions: An asset has a…

A: Given MARR= 12%initial cost = 90,000expected loss each year is 5000O and M=0Repair for 3rd…

Q: Consider two consumers (1; 2), each with income M to allocate between two goods. Good 1 provides 1…

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Q: How is the market price of a good determined? When the market for a product is in equilibrium, how…

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Inflation and Purchasing Power Theory

In economic terms, Inflation refers to the increase in the costs of various commodities which are used in daily lifestyle like food, clothes, transport, etc. over a specific time. It may lead to a fall in the purchasing power of the people and also affects the exchange rate of the currency because of the price increase. As the purchasing power falls the unit of the currency in the economy falls. When the prices of the commodities are decreased, then the purchasing power of the consumers will rise, then it will lead to deflation and changes the currency of the base economy to that of the foreign economy which will lead to change in exchange rates.