Q: Some people claim that degrees in liberal arts do not really train students for the job market.…
A: When talking about the degrees in liberal arts, it is given that these degrees do not add the…
Q: A machine would cost $90,000, and would generate revenues of $19,000 per year. However, O&M costs…
A: Given Cost of machine = $90,000 Revenue = $19,000 per year O&M cost = $6000 per year MARR=10%…
Q: The goal of many countries is to have: 1) A distinction between high employment and low employment…
A: There are few macroeconomic goals most of the countries work to have.
Q: Mad Rabbit is a manufacturer and distributer of Royalex hull wilderness canoes. Revenue and cost…
A: Disclaimer :- since you asked multipart questions we are supposed to solve the first 3 questions…
Q: (A): In what specific ways might the presence of a union raise productivity within a firm?…
A: A labor union is a group that participates in collective bargaining with an employer in order to…
Q: Figure 21-22 E C 2 3 6 7 8 9 Refer to Figure 21-22. When the price of X is $80, the price of Y is…
A: Given Initial price of good x is 80 and price of good y is 20 Income of consumer is $160 We have to…
Q: Paul, Noel, and Sandi work in a bakery where they make pies and cakes. In one day, Paul can make 5…
A: Opportunity cost basically refers to the cost of best next foregone. In other word it is the cost of…
Q: Analyse whether panic buying represents rational or irrational behaviour response to the situation…
A: Rational choice theory expresses that people depend on levelheaded computations to settle on…
Q: Economics Consider an infinitely repeated game played between two firms with the following payoffs…
A: Given; Firm 2 Cooperate Deviate Firm 1 Cooperate (290, 330) (230, 370) Deviate…
Q: Using the table above, calculate the average total cost for producing 10 books, in dollars.
A: Introduction This concept is taken from the topic Cost of production.
Q: 4-44 For a 10% interest rate, compute the value of n for the figure below. A = 1 11.11 n = ? F =…
A:
Q: On the basis of the three individual demand schedulés below, and determine the collective demand…
A: Public goods are non-rival and non-excludable in nature. The market demand curve of a public good…
Q: The quantity theory of money has which of the following implications? When the money supply grows…
A: The money supply is the supply of money determined on the basis of credit money supply into an…
Q: you received a loan from a bank on March 12, 2013, and you are required to pay P586,875 on august…
A: Answer to the question is as follows:
Q: Consider the economies of Tralfamadore and Sporon, both of which produce agricultural products using…
A: Real GDP refers to the measure of a country's gross domestic product that has been adjusted for…
Q: On the day his grandson was bom, a man deposited to a trust company a sufficient amount of money so…
A: A loan that you reimburse with one single instalment toward the finish of a predetermined timeframe…
Q: Under the Consideration clause in a Major Medical policy, he insurance company's consideration to an…
A: Insurance, also referred as insurance coverage or insurance policy, is a legal arrangement between…
Q: The expenditure approach to calculating GDP is best expressed by which of the following? A.)…
A: GDP measures the value of goods and services that are produced within the country during a specific…
Q: Analyse the various issues which influence industry standards used in project cost management.
A: The actions used to estimate, assign, and regulate project expenses are known as project cost…
Q: Consider a country in steady state with the following production function: y = kź and saving rate…
A: Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: wo different types of hydraulic equipment are being considered for a certain power plant. Machine A…
A: In annual worth, we calculate the annual values of all the present cashflows and future cashflows.
Q: 11 A trader has an absolute advantage in orange production if his unit-labor requirement in…
A: Productivity refers to the ability to produce goods and services with the given resources and…
Q: A furniture producer sells a chair for $95. The marginal cost to produce that chair is $95. The…
A: Introduction Marginal Cost The cost of producing extra unit of quantity is called marginal cost.
Q: xt:Bong-Cha is deciding what to do during the 30-minute break between her college classes. One rule…
A: Rule (A) Choose the activity with the highest value Rule (B) Choose the activity with the lowest…
Q: A firm uses labor (L) and capital (K) to produce rocking chairs (Q) with the following production…
A: In the short run capital is fixed and cannot be changed.
Q: Isabelle values her time at $60 an hour. She spends 2 hours giving Jayla a massage. Jayla was…
A: Answer to the question is as follows:
Q: A store is expected to generate $10,000 in earnings next month. How much earnings will be…
A: Introduction This is numerical question A
Q: In the perfectly competitive market for mobile phone production all firms have access to the same…
A: In perfectly competitive market, there is free entry and exit of firms.
Q: Nodhead College needs a new computer. It can either buy it for $295,000 or lease it from Compulease.…
A: Cost of Computer = $ 2,95,000 and Lease Payments = $ 71,000 for 6 years. Rate of discount = 6 % Part…
Q: Analyze and compare fiscal and monetary policy in order the generate macroeconomic stability between…
A: Monetary policies are the measures taken by central banks to maintain the monetary as agreeably as a…
Q: B1. In a closed economy, these are the demand and supply curves in the perfectly competitive apples…
A: According to the question, it is given that : There is a closed economy and a perfectly competitive…
Q: Which of these statements is true? Select all correct answers. Relative to February 2021, the…
A: Federal Reserve System is the financial institution which is also called regulating body and it…
Q: An analyst engineer of the company S&S Bakery has estimated the presented FEN (NET CASH FUND)…
A: A payment or stream of payments that will be received in the future has a present value that is…
Q: A newest tool of monetary policy used by the Federal Reserve is a) Open Market Operations b) Change…
A: Monetary Policy is the policy used to control the quantity of money with the help of monetary…
Q: For Questions 1.a. and 1.b., consider the simultaneous game described in the table below. Column…
A: Nash Equilibrium is a principle in game theory that identifies the best solution in a…
Q: A country with a strict immigration policy is now considering relaxing its policy to permit and…
A: People immigrate in order to find better job opportunity and better place for their family etc .
Q: constraint analysis is good or bad? write paragraph
A: The Theory of Constraints is a method for identifying the most major limiting factor (i.e.,…
Q: 4. Estimate the sale price of the following item. Regular price Rounded price Discount percent 27…
A: sales price is the price that a seller is willing to get but in order to maximise the sales some of…
Q: Income before tax (dollars) 0 20,000 40,000 60,000 80,000 Tax plan A (dollars) 0 2,000 5,000 10,000…
A: In a progressive tax structure is a tax structure in which the tax burden increases as taxable…
Q: Steel drums manufacturer incurs a yearly operating cost of P 200,000. Each drum manufactured cost P…
A: given that, operating cost = P 200,000 the first cost = P 20,000 salvage value = P 2,000 Each…
Q: 9. The type of job shop where customers arrive at the firm to place orders for the same typ of…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Bong-Cha is deciding what to do during the 30-minute break between her college classes. One rule she…
A: Opportunity cost: It refers to the benefits that a person has to sacrifice in order to choose…
Q: If firms produce goods but does not sell them to final consumers these increases in inventory…
A: Inventory accumulation is a situation in which the costs of the business increases due to unforeseen…
Q: Assets Liabilities Reserves Deposits $1,000 Loans $970 Total $1,000 Total $1,000 The above table…
A: Here, the given balance sheet shows the required reserves, loans, and deposits in the balance sheet…
Q: "Z" earns price "Z" earns $3 million $1 million ("Z") "W" earns "W" earns $1 million $2 million Low…
A: In the oligopoly market, the firms have massively interdependent. Action of one firm decides the…
Q: Jim and Dwight have different abilities in the production of paper and pencils. Jim can produce 160…
A: If an individual can manufacture a certain product with less resources than the other country needs…
Q: 1.Tax rates, deductions entitlement and tax treatments depend on whether the taxpayer is a resident…
A: Individuals' status as residents or non-residents determines whether they can claim personal…
Q: A payment of $13,000 is due in 1 year and $10,000 is due in 2 years. What two equal payments, one in…
A: Using the end of 4 years as a focal date means values of all the cash flows should be calculated for…
Q: The interest rate effect states that as the aggregate price level decreases, all else equal, people…
A: Interest rate effect explains the negative slope of aggregate demand.
Q: Loan payments of $2,750 due 96 days ago and $3,100 due today are scheduled to be repaid with a…
A: Simple Interest: A = P (1 + r * t) ,where A = Amount at end P = Principal r= Rate of interest, and t…
Step by step
Solved in 2 steps
- Q5.1) Briefly outlineSchumpeter’s theory of creative destruction and provide three examples of either organisations that have disrupted the market, or industries that have been disrupted through creative destruction.Business Week, in an article dealing with management, wrote, "When he took over the furniture factory three years ago ... [the manager] realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap. Within a few weeks, he set up a task force of managers and workers to deal with the problem. And within a few months, they reduced the amount of scrap to $7,000 worth [per year]." Was this necessarily an economically efficient move? Explain your answer.While Marcus and his friends were watching a movie last Saturday, Marcus received a phone call from his father. After receiving the phone call, Marcus decided to leave the cinema immediately without finishing the movie. What economic concept did Marcus use to make this decision? Explain.
- What type of "Scarcity" in your daily life do you face? Briefly describe.According to the article of Jan 18, 2016 "several Canadians are nominated for Oscars" answer the question that if we consider a production possibilities frontier that measures movies and other goods and services. How does the Production possibility frontier illustrate production efficiency? Use the economic concept.To what extent is the economy likely to be the key external factor determining the success of businesses? (Answer in 2-3 paragraphs)