Blu-ray disc players, iPhones, and hybrid cars are generally considered to be goods Select one: O a. intermediate O b. service O c durable O d. nondurable

Q: The figure shows the market for car insurance. If the companies can't determine who is a safe or an…

A: When a company is not able to determine which driver is safe and which is unsafe, then there occurs…

Q: The Pesfect competibon @ty is 8= 100-0.SP C (8) = 32 t o.58? Shost rm Profit Marimis i ng %3D y…

A: In perfect competition, price is equal to the marginal revenue. Profit maximizing output will be…

Q: inat would be the effect of ANWR production on the wond price given that -0.30, 1=0.40, the pre-ANWR…

A: Given:Demand function=Qd=106.6-0.246pPost ANWR supply function=Qs=50+0.328p

Q: Josh is willing to pay $40 for a haircut, but he is able to pay $25 at the local salon. His consumer…

A: The quantity demanded of a good is defined as the amount of the good consumers are willing and able…

Q: When a farmer decides to harvest oranges by huge machines instead of by migrant workers, the farmer…

A: When we take into account the basic questions which are to be answered by the economics as the…

Q: Most national parks charge a fee to visitors as a way to cover some of the costs of operating them.…

A: Because number of cars increasing,price should be raised.

Q: The figure shows the market for college education. The efficient quantity of education is Price and…

A: MB- Marginal benefit shows marginal private benefit  MSB- Marginal social benefit  Good with…

Q: The government of the Philippines has prescribed a particular limit on the amount of sulphur that…

A: Government: It is a group of people responsible for the nation for their growth and development. The…

Q: 300 600 900 1200 1500 1800 Quantity of X (units per week) If the government imposes a price floor at…

A: Here we calculate the Deadweight loss and choose the correct option by using the given data so the…

Q: Can i i get some idea what to write in that analysis?I have no idea what to write. Plz provide me a…

A: The firms produce the goods and services that are demanded by the people in the economy. The…

Q: In the figure above, when the quantity of milk produced is 600 gallons per day, what is the…

A: Deadweight loss refers to the loss that society experiences because of taxes and price control. For…

Q: You are given the following different technologies for producing 100 metres of cloth. 10 9. 8. 7. 1…

A: The markets in the nations are made up of two sides, the demand side, and the supply side. The…

Q: The fact that humans are ultrasocial means that: O we're bad at avoiding COVID-19 we tend to see…

A: Ultrasocial refers to the organization of humans and social insects with the division of labor,…

Q: Mr. Ömer buys a laptop for his daughter Ms. Asiya. In this scenario,Ms. Asiya is a O a. User O b.…

A: A customer is the one who purchases the product. The user is the one who uses the product.  It is…

Q: 1. Which of the following remains constant as output increases? * O a. TFC ОБ тус b. TVC C. TC d.…

A: Option (a).

Q: is is thể weėkly market for Tacos at Jake Paul's Taco Stand. If the price of a taco is $2, consumer…

A: Consumer surplus at 2 $= 0.5 *(300 units - 0)*(3.60 -2) = 240

Q: Suppose the market for aluminum is given by the following diagram. Suppose that the government…

A: In the above diagram, the shaded region is DWL due to the tax is imposed of $20…

Q: QUESTION 35 In the figure below, the amount of the tax per unit is: S+ tax 4. 3. 3. 6. Quantity…

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: In the figure above, originally the apartment rental market is in short-run and long-run equilibrium…

A: The short run(SR) and long run(LR) equilibrium is achieved at the intersection of the demand(D) and…

Q: a situation in which markets fail to allocate resources efficiently is called Select one: O a.…

A: Corporate bankruptcy occurs when a firm cannot pay all the creditors due to insufficient income and…

Q: The above figure shows the market for blouses. The government decides to impose the sales tax on…

A: $10,000 (Option B)

Q: domestic đemand curve. Vivan I see. And from what I see also, would you agree that the contact lens…

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: 1. The single most importart elemert in menagerial econorics is the microeconomic theory cf the…

A: Answer is Option (A)  True

Q: 6. It is the law that institutionalized the CARP program * O A. PD No. 27 O B. RA 6389 O C. RA 6657…

A: In an economy, government implements various public policies and programs to improve economic…

Q: Refer to the graph to the right. After the government imposes a price of $3.50 in this market, area…

A: When the government imposes the price of $3.50 in the market, the equilibrium changes as the price…

Q: At a garage sale, Dominique purchases a sewing machine for $30 when she was willing to pay $55. If…

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

Q: Premium (dollars per year) The figure shows the market for auto insurance. Progressive Auto…

A: The answer is given below

Q: due to the scarcity of resources. a. People cannot satisfy all their wants O b. There is a lack of…

A: Economic decisions are those decisions in which people will choose what to do with limited…

Q: Consider the competitive market for a good. Consumers have quasilinear preferences that yield the…

A: Given; Demand function; q=15-p2 Supply curve; q=2p a) At equilibrium;…

Q: Ifthe price of a table in Year 2 is $10, how mmytablas will actually ba delivered! If the price of a…

A: d. The market equilibrium is obtained at the point where the quantity demanded is equal to the…

Q: rights refer to the range of laws, rules, and regulations that define rights for the use and…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Suppose ve construction companies have the ability to buld a tactory overnseas to produce a…

A: Here we calculate the producer surplus by using the given data so the calculation of the following…

Q: b. What is the effect on the equilibrium price and quantity traded in a market of a change in tastes…

A:

Q: Price Floors is a maximum legal price fixed by the government Select one: O a. False O b. True

A: Price ceiling is a kind of price control where the government sets the highest bound on the price of…

Q: 20 16 12 8. 4. 3 4. Quantity (thousands of hours per month) In the above figure, if the government…

A: Demand is the willingness and ability of consumers for consuming and buying goods and services at…

Q: Two reasons for a government to intervene in a market are to Select one: O a. promote efficiency and…

A: A government refers to a state or central institution that provides social and legal framework to…

Q: The figure shows the market for college education in the United States. With no government…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: ing Q is given by the following: 2P = 20 - Q any people would cross the bridge if there were no…

A: Demand for bridge crossing Q is, 2P = 20-Q

Q: (a) Let the competitive market price be $4.00: calculate the total consumer surplus in the market at…

A: Consumer surplus and producer surplus are economic concepts that are used to describe market health…

Q: a. Complete the table below Quantity 1 TC TVC AFC ATC MC AVC 200 2 100 20 4 240 24 6. 660 160 LO

A: TC = TVC + TFC TFC= AFC × Q TVC =  AVC× Q MC = TCn - TCn-1 ATC = AFC + AVC or ATC = TC/Q

Q: What is a b and c

A: The Consumer surplus is defined as a triangular area that would be understood with the help of the…

Q: The figure shows the market for tires. According to the figure, the government collects per month in…

A: We can calculate the amount of revenue earned by the government by taxes with the following formula:…

Q: (This question refers to the MRU video 'Price Floors: The Minimum Wage') A price floor is a price:…

A: Price floor refers to the legal minimum price that can be charged for a good or service.

Q: Use the transactions table below to find what the direct requirement for tourism to the tourism…

A: Final demand = 25 Gross output= 90

Q: A company is considering building a bridge across ariver. The bridge would cost $2 million to build…

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

Q: Figure 2 This diagram illustrates the market for gizmos 99 Demand 84 K B 64 H 54 R LAC 43 MR LMC 75…

A: Demand curve shows an inverse relationship between price and quantity demanded.

Q: What do you call the man-made resources used in the production of goods and services? O a. Land O b.…

A: Answer (1)   The factors of production include land, labor, capital, and entrepreneur.   Land…

Q: 5. 100 200 300 400 500 600 Quantity (millions of gollons per yeor) The figure above shows the market…

A: A $1 per gallon subsidy, would result in the rightward shift of the supply curve.