Briefly discuss the two major reasons for the adopting the Euro

Q: 4. In competitive markets, price is equal to marginal cost in the long run. Explain why this…

A: Monopolistic competition means when many companies offer competing products that are comparable,…

Q: Demand is ________ when a change in price leads to a relatively larger change in the quantity…

A: The elasticity of demand, also known as demand elasticity, measures how demand responds to price or…

Q: 16. Fill in the missing values in the following table. Income Tax Average tax $ rate (%) S 20,000…

A: A tax refers to the compulsory financial charge or some other type of levy imposed on a taxpayer by…

Q: Given the following three mutually exclusive alternatives,   What alternative is preferable, if…

A: Present worth = -Initial Cost + discounted annual benefits

Q: QUESTION 2 If firms are in Cournot equilibrium: each firm could increase profits by unilaterally…

A: Cournot Model is a type of Oligopoly market structure. In this, all the firms are selling identical…

Q: The second corporate governance issue is that under-reporting remuneration. This issue is regarding…

A: Under reporting is the deliberate act of disclosing less income or revenue than was actually…

Q: What explains the British industrial revolution?

A: Revolution is referred to as an economic activity that leads to making large variations in the…

Q: Suppose the following data describe a nation's population: Population Labor force Unemployed Year 2:…

A: The labor force in any given economy is determined by various factors such as industrialization and…

Q: explain how  frictional unemployment could be a factor for the unemployment rate

A:

Q: You currently have $18,000 in a bank account earning 4.9% interest. You think you will be able to…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: Should the Federal Reserve System control the nation's money supply? How the Fed has responded to…

A: The central bank would serve as the heart of a country's economy if it were a human body. The…

Q: . The demand for a commodity is given by Q = β0 + β1P + u, where Q denotes quantity, P denotes…

A: Given information Demand function Q = β0 + β1P + u Supply function Q = g0 + g1P + v u and v both…

Q: Pam has a monthly budget of £120 to be spent on T-shirts and trainers. She could afford to buy two…

A: 1) As it is given in the question that the person can purchase eight T shirts(s) and exhaust all his…

Q: An engineering analysis by net present worth (NPW) is to be made for the purchase of two devices A…

A: Uniform   Cost Annual Benefits Salvage Device A 600 100 250 Device B 700 100 180 Useful…

Q: Do Profit Maximizing Employers Exploit Labor? (Source: OER)  If you look back at the labor dynamics…

A: There are many labor markets which are different but economists use the term labor market for all.…

Q: By diagram explanations of Monopoly market structure, the long run equilibirium under the Marginal…

A: A monopolist firm cannot change all productive resources in the short-run. A monopolist may also…

Q: What is progressive tax? Write its merits and demerits.

A: Taxation does more than only pay for public goods and services; it also plays a vital part in the…

Q: Bank of Rigel holds $654 million of assets and $579 million of habilities. Then, the net worth…

A: Given information: Bank of Rigel holds $654 million of assets and $579 million of liabilities.…

Q: Suppose a single item will be sold to one of two bidders. Each bidder's value is drawn uniformly at…

A: Let the bids made by   two professors  be  : b1 & b2  Also the their valuations for the bid be :…

Q: In a system of 100-percent-reserve banking,     a. banks do not accept deposits.     b. banks do…

A: If the reserve requirements is of 100%  The change in the money supply due to change in the monetary…

Q: A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is…

A: A cash flow series with a geometric gradient either increases or decreases by a fixed proportion…

Q: There is a 50% chance the worker is of high ability. Which of the following alternatives is correct?…

A: Cheap Talk is defined as a commination between players in game theory which does not have any direct…

Q: By diagram explanations of Monopolistic competition market structure, the long run equilibirium…

A:

Q: An electronic device is available that will reduce this year's labor cost by $19443. The equipment…

A: The compounded bimonthly means that the borrower will be required to make the payments every two…

Q: lump-sum taxes?

A: Given saving % = 20 % MPC = 1 – MPS MPC = 1 – 0.20 = 0.80 Now, Spending multiplier = 1 / MPS = 1 /…

Q: H Which of the following best describes a natural monopoly? Selected answer will be automatically…

A: A market condition is said to be monopoly when there is only one/single seller in the market. The…

Q: Mortagage for a home is an example of a-Asset b-Balance sheey c- Net worth d- liability

A: Assets are the properties that will yield benefit over years.  Liabilities are the balance that is…

Q: 2018-2019

A:

Q: A measure of inflation that US goverment staticians calculate based on the price lecel from a fixed…

A: A condition where there is a steady rise in the cost of goods and services over time is referred to…

Q: Three decision makers have assessed utilities for the problem whose payoff table appears below. s1…

A: a) Utility's functions  plot for decision maker A is represented as:

Q: A self employed individual, Jimmy Carpenter, is opening a retirement account at a bank. His goal is…

A: A cash flow series with a geometric gradient either increases or decreases by a fixed proportion…

Q: Assume that the price changed from P1 to P2. Compute for the point elasticity and determine the…

A: The measurement of change in the quantity required of a good owing to changes in the determinants of…

Q: The primary determinant of labor productivity is: a) the rate of capital investment  b) the set of…

A: Labor productivity determines the amount of goods and services produced per unit of labor. An…

Q: Last year, Jarod left a job that pays $50,000 to run his own bike-repair shop. Jarod's shop charges…

A: There are two types of profits: economic profits and accounting profits. Economic profit is defined…

Q: A firm's output, variable costs, and total costs are given in the table below. Instructions: Round…

A: Total cost is the cost of producing total no. of goods.  Total cost is the sum of fixed cost and…

Q: What does "*" this mean?

A: Total revenue is the product price and quantity.  Total revenue = Price * Quantity  = Price ×…

Q: A country that is spending more than it makes a- unstable b- trade balance c- trade deficit c-…

A: The country's commerce and economic activity can be measured by looking at the balance of trade. It…

Q: To increase productivity the most a) the skilled educated labor force must grow faster than capital…

A: Productivity is a term that refers to the performance of an economy by making a comparison between…

Q: What is single tax system? Write its merits and demerits

A: Taxation does more than only pay for public goods and services; it also plays a vital part in the…

Q: Economist who generally empgasize the importance of aggregate supply in determining the size of the…

A: Aggregate Supply refers to the total quantity of output that all the firms in the economy will…

Q: Luxury Mills is a small producer of cashmere yarn, which it sells to clothing manufacturers for…

A: Breakeven point is the point where firm earns only normal profit and normal profit is the amount…

Q: the and the I grade for a sample of college students in a general education courses at a large state…

A: a. Null Hypothesis(H0) : ρ=0 (No linear correlation) Alternative Hypothesis (H1) : ρ≠0 (Linear…

Q: 1. Use shifts in the supply and demand curves to illustrate the effects of the following events on…

A: The demand and supply of a product are impacted by the variations in market price level and other…

Q: 1. Why we should be prioritize the Gender Equality?

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

Q: If the following explanation (or expression) is correct, please indicate "True". Or, if the…

A: Exporting basically refers to the process of selling goods and services that is produced in one…

Q: Refer to Figure 17-4. Consider the shift in the short-run Phillips curves shown in the above graph.…

A: Phillips curve shows the relationship between inflation rate and unemployment rate.  The curve shows…

Q: D. If TB > TA then Type B will get more education, otherwise Type A will definitely get more…

A: Variance is a measure of dispersion which actually takes all the data points in a data set and in…

Q: Was this a result of a change in supply or quantity supply? Was this change an increase or a…

A: Change in quantity supplied is when there is change in supply due to change in price.  The change in…

Q: The initial investment for a geothermal power plant is $60,000,000 and is to be paid in two years…

A: By figuring out an investment's present value, one can determine how much money has to be saved…

Q: 97 87 2. Listed below are number of registered pleasure boats in Florida (tens of thousands) and the…

A: a. To check whether there is a linear correlation between the number of registered pleasure boats…