C and D

Q: (b) Some producers do not stop their production when they face loss in their production. Why?

A: Producers produce the output to earn profit but they may face loss in the production. 

Q: Describe the general appearance of a demand or a supply curve with zero elasticity

A: Zero elasticity means zero responsiveness of quantity supplied or demanded to price change. It has a...

Q: b) What is the behavior of Marginal revenue, Average revenue and price under perfect competition? Al...

A:   Perfect competition is when there are large number of sellers and buyers in the market, who are se...

Q: Using the following national income accounting data, compute (a) GDP, (b) NDP, and (c) NI. All figur...

A: GDP is the value of final goods and services produced in the domestic territory in a given year. Und...

Q: Use the table below to answer the following question. Table 2      Refer to Table 2. What is the ...

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a chan...

Q: Assume there is a desire to reduce unemployment in an economy. Describe two (2) expansionary fiscal ...

A: To reduce unemployment, government should implement expansionary fiscal policy using following tools...

Q: Total spending in the economy is equal to consumption plus investment plus government spending plus ...

A: Savings are the amount that is left after all the consumer spending in the market from the disposabl...

Q: Is the concept of the developing world a useful one? Why or why not?

A: The economic development refers to the improvement in the economic activities of a country. The econ...

Q: Please solve 4 and 5 questions. The demand curve and supply curve for a perfectly competitive market...

A: The firm will shut down if Price < AVC and will continue operating if Price > AVC. Using previ...

Q: Use aggregate demand (AD) and supply (AS) analysis to predict the effects of COVID-19 pandemic on in...

A: Corona virus is an infectious disease that has led to an economic standstill throughout the world. M...

Q: What factors have contributed to increased income inequality since 1970?

A: Income inequality tells us how unevenly income is distributed in a country. This means the different...

Q: Are the following workers more likely to experience short-term or long-term unemployment? Explain. H...

A: a) This scenario will be considered as short-term unemployment as the stone mason has lost his job d...

Q: Give short answer Fiscal and Monetary Stimulus.

A: Any type of stimulus is needed to boost the economy when economic growth slows down. There are two w...

Q: Solve the attachment

A: Demand represents the volume of goods and services that buyers are willing to purchase at different ...

Q: The demand equation for a good is given by the equation: Qx = 520 – 20P, + 0.6 Y + 2.9P,y. Find the ...

A: The price elasticity of demand measures the % change in the quantity demanded due to the % change in...

Q: Table #1: The demand schedule below pertains to sandwiches demanded per week. Quantity Demanded Pric...

A: Given For Alfred:    Price $3: Quantity demanded =3                        Price $5: Quantity demand...

Q: What is a potential problem with a temporary tax increase designed to increase aggregate demand if p...

A: A temporary tax increase implies an increase in tax that lasts for one or two years. It is implement...

Q: revenue for each possible level of sales: Product Price Quantity Demanded Total Revenue Marginal Rev...

A: The table in the question is filled below product price quantity demanded Total revenue marginal ...

Q: Table l: The demand schedule below pertains to sandwiches demanded per week A S00 Cha Refer to Table...

A: Slope can be calculated by using the following formula.

Q: Jan '20 0.68 Feb '20 0.76 Mar '20 1.6 Apr '20 1.47 May '20 0.98 Jun '20 1.18 Jul '20 3.5...

A: 1) Simple Moving Average (SMA): A simple moving average is a statistical tool that simply calculates...

Q: The above tables represent the production possibilities frontiers (PPFs) for two different countries...

A: Theory of Comparative advantage analyses the economy's ability of a country to produce a particular ...

Q: What is the answer for the question  Despite their differences, with which proposition are two econo...

A: Outsourcing is a process of getting such job duties carried out outside an organization rather than ...

Q: Explain why there is a strong relationship between increasing urbanization and per capita spending

A: Urbanization: It means shifting of population from rural to urban areas.   

Q: 14. A shop which sells T - shirts has a demand function and a total cost function given by the equat...

A: Costs are the expenses that firms incur in the production of goods and services. Revenue is the inco...

Q: Compare the efficiency of monopoly and perfect competition firms on the same graph by considering th...

A: A perfect competitive firm maximizes profit by equating Price and MC. This is the efficient conditio...

Q: MCQS

A: 4.Nominal GDP in year 2019 is =10*50+12*30=860 Therefore answer is option (B).

Q: The moral hazard in team production arises from ........

A: Moral hazard refers to the change in the behavior of an individual after coming into a contract. 

Q: looking for help finding the elasticity of this problem, and if it would be considered Unit elastic,...

A: QD=300-6PQS=2P-20 Find: 1) Equilibrium Price and Quantity. 2) Price elasticity of demand at equilibr...

Q: Jason has been making equal annual payments of $7,500 to repay a college loan. He wishes to pay off ...

A: Loan: An advance is when cash is given to another gathering in return for reimbursement of the advan...

Q: Suppose that inflation is high and quite unpredictable in a given country. Explain how this inflatio...

A: Quantity equation states that M x V = P x Y, or Change in M + Change in V = Change in P (inflation) ...

Q: Question: What can you conclude about the price elasticity of demand in each of the following statem...

A: In microeconomics, price elasticity of demand for a commodity is a measure that determines the elast...

Q: A firm has the following total-cost and demand functions: c=Q-70 + 1110 + 50 Q= 100 – P Write out th...

A: Total Revenue(TR) = Price (P) x Quantity (Q)                        TR =(100 -Q) x Q                ...

Q: Suppose that the residents of Mexico spend all their income on cauliflower, broccoli, and carrots. I...

A: The consumer price index measures the changes in price level in the market basket of the goods and s...

Q: Q. 1 Suppose Gregg consumes chocolate candy bars and oranges. He is given four candy bars and three ...

A: Given,   Number of candy bars (C) = 4  Number of oranges (Or) = 3  Buying and selling price of candy...

Q: The demand and supply functions for three (03) goods are given as follows: Dx = 100-3Px+Py+3Pz Dy = ...

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

Q: If the federal reserve decreases the reserve rate from 5% to 2% how does this affect the amount of m...

A: Reserve rate: - reserve rate is the percentage of total reserves that commercial banks have to keep ...

Q: Question 16 Figure #3: The graph below.represents a $10 per unit tax on a good then the amount bough...

A: Demand of a commodity is inversely related to the price of the commodity, if the price increase dema...

Q: An American traveling to Europe will find it easier to make purchases now because: a. Most countries...

A: The most commonly used currency in Europe is the euro, as it is the official currency of 19 out of 2...

Q: List the main categories of federal revenue and spending and describe the difference between margina...

A: Apart from maintaining law & order and protecting a nation against external threats (national de...

Q: 15. The demand equation for a good is given by the equation: Qx = 520 – 20P, + 0.6 Y + 2.9P,. Find t...

A: The elasticity of demand: It means a change in demand because of a change in one or more variable fa...

Q: Which of the following must be true of an economy in equilibrium with no foreign sector (check all t...

A: GDP refers to the total value of finished goods and services that produced within the economic bound...

Q: Sales is in Units of $1000.00 and Advertising is in Units of $100, what is the value of sales increa...

A: The regression equation shows the relationship between the dependent variable and the independent va...

Q: American Eagle Financial Sources, which makes small loans to college students, offers to lend a stud...

A:   Given: American Eagle Financial Sources, offers to lend a student = $600 The borrower is required ...

Q: Compare and contrast Measuring GDP using the Income Approach vs Measuring GDP using the Expenditure ...

A: GDP refers to the value of final goods and services produced in the domestic territory in the given ...

Q: Graph represents the cost structure of an individual firm in a perfectly competitive market.  Please...

A: Break even point is defined as the point where total costs of the firm is equal to the total revenue...

Q: Would you expect total utility to rise or fall with additional consumption of a good? Why?

A: Marginal utility is the additional satisfaction that is obtained from consuming one more unit of the...

Q: Discuss how minimum wage laws affect labor markets.

A: Minimum wage laws refer to laws that ensure the no workers should be hired below the minimum wage. M...

Q: Supply & Demand In demand (and supply) problems, y is the number of items the public will buy if the...

A: Given, the price and consumers willingness to buy: When the price is $14, consumer willingness to bu...

Q: GDP per 1980 сapta, current 1981 1982 1983 prices (U.S. dollars per сapita) Advanced 10277.37110358....

A: The given data shows the GDP per capita of Advanced economies and developing economies. The data sho...

Q: Why does total utility increased as the consumer moves to an indifference curve farther from the ori...

A: The indifference curve is defined as the locus of points of the combination of two goods, which give...