Q: Is this possible or not that the rate of interest fall to zero? 300 words
A: Answer: Aswe know that It's theoretically feasible to have a 0% interest rate. As previously said, p...
Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or
A: A tax is a mandatory fee or financial charge imposed by a government on an individual or an organisa...
Q: If A = {1, 2, 3}; B = {2, 3, 4}; C = {3, 4, 5} Verify the distributive law
A: Introduction:
Q: 13. Rashad and Brianna decide to go on a vacation. As a result, they withdraw $5,000 from their savi...
A: "M1 is a measure of money stock which includes currency, coins held by the non-bank public, traveler...
Q: Superiority of Robbins' Definition of economics is rightly called the " Superiority of Robbins' Defi...
A: Answer: Robbins dismantled the old economic structure focused on material welfare and built a new on...
Q: M/c question - Micro 19) Refer to Figure 14-3. When the price is P2 and the firm maximizes its prof...
A: The firm makes the zero economic profit where the price is equal to the average total cost.
Q: Bobby has heard the importance of saving early for retirement. He wants to retire in 35 years. But h...
A: Given, Monthly Savings : $600 (PMT)Time to retire : 35 yearsTime to start savings : Now i.e 0Time r...
Q: True or false question below. A country's level of trade is measured by exports as a percentage of ...
A: In international trade, countries trade with each other by exporting and importing goods and service...
Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example long explanation. Th...
A: Answer: Indirect taxes, both specific and ad valorem, are also feasible. A commodity specific tax is...
Q: 35) What is the firm’s efficient scale? A. the quantity of output that minimizes average total cos...
A: (35) A firm's efficient scale implies the production of output such that it minimizes the average t...
Q: Several members of Parliament have been greatly concerned about the fairness of salaries in the mark...
A: In order to promote the fairness of salaries for employees, government imposes minimum wage.
Q: 5. ) In industries with exogenous sunk costs, industry concentration decreaseses and apporaches zero...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: 1. Why do employers typically pay for specific skills? These skills only work with one employer, thu...
A: Specific skill can be the ability of a person to do something that others are not able to do.
Q: Define global stratification and describe its components
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...
Q: 1. Assume that Canada is an importer of televisions and that there are no trade restrictions. Canadi...
A: In economics, consumer surplus is the difference between the price a consumer pays for an item and t...
Q: Use the graph and the inverse demand equation (P=50 - .5Q), inverse supply equation (P=0.333Q) and t...
A: here in this question we find that the inverse demand function=P=50 - .5Q where the slope of the dem...
Q: 17) What does a firm that exits its market still have to pay? A. its fixed costs B. it...
A: Market A market basically refers to a place where different sellers and consumer comes in contact ...
Q: You are an employee of a U.S. firm that produces personal computers in Thailand and then exports the...
A: According to question given, You work for a company in the United States that manufactures personal...
Q: Do you agree on the statement “supporters of import restrictions favor producer welfare than consume...
A: Import restrictions mean various types of trade restrictions imposed on the import of goods and serv...
Q: What is Determinants of supply?
A: "Supply of a commodity or a service indicates the amount of commodity or service that a producer or ...
Q: 3. Briefly explain how a hike in fuel prices would affect your business costs, sales,competitiveness...
A: Cost refers to the total expense that is incurred in the production of a product in any firm. Cost i...
Q: Susan and Thomas are playing a one-shot simultaneous move game an infinite time horizons. The payoff...
A: Given, There are Two Players : Susan and ThomasBoth have two strategies : L and R The pay-off matri...
Q: In a market that allows free entry and exit, when does the process of entry and exit end for the typ...
A: New firms enter the market when existing firms are making a positive economic profit in the short ru...
Q: Two countries are producing two goods: one perfectly tradable t, the other non-tradable nt. For each...
A: Given information: Country 1: Good t: Yt1= At1Lt1 Yt1= 1Lt1 The marginal produ...
Q: Write down the three mai and core points of Criticism of Marshallian View?
A: Lionel Robbins spearheaded a direct assault against the Marshallian perspective. The primary grounds...
Q: When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister ...
A: Sue got a job with starting salary of $30,000 Jan got a job with starting salary of $36,000 after fi...
Q: An electronics firm is planning to manutacture a new handheid gaming device tor the preteen market T...
A: The data given is:- The production time for 1000 units = 100 hours O&M cost per unit = 0.1 * 25...
Q: Define the meaning of ‘Economics’ and ‘Development’ within the context of Economic Development of na...
A: Economics is all about making wise decisions in the face of shortage. Economic growth is the most ba...
Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...
A: When talking about elasticity of demand, it is the economic concept which explains the responsivenes...
Q: Explain how any technological advancement (increase in our A from production function) could affect ...
A: Technological advancement reduces the cost of production and increases the labour productivity whic...
Q: or the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in...
A: Given: Annual equivalent worth=$500 Interest rate (i)=10% per year Gradient=G Number of years(n)=7
Q: Explain potential conflict of interest in the operational structure of systematically important bank...
A: i) Conflict of interest In a conflict of interest, a person or organization has numerous interests r...
Q: Games 2. Consider the following game. Bob R Ann U (2,2) (20,0) D (0,20) (19,19) L a. Find all Nash e...
A: a. Nash Equilibria is a decision-making theorem where a player can achieve the maximum outcome by no...
Q: What is meant by the term exchange rate .
A: The rate at which one currenccy of a nation is exchanged to another is commonly known as an exchange...
Q: An investment of P 250,000 can be made in a project that will produce a uniform annual revenue of P ...
A: Given that, First cost =P 250,000 Operation and maintenance=P 72,000 per year Taxes and insurance wi...
Q: What are ways the profit arises in the changeable/dynamic word ? Comment
A: Answer: As we know that Idleness is defined as the state of being unable to do anything productive. ...
Q: Which party does Coase see as the responsible party when there is a real negative externality? How d...
A: Externalities means the negative or positive effect of economic activities on person's well being wi...
Q: 2- The demand function for sugar is given by the function: Qd=30-0.6P. Find Qd for: a- P=5 b- P=15 C...
A: Demand is defined as the quantity of a good or a service which the consumers would be willing and ab...
Q: Determine if the statements are true or false. Justify your answer. 1. In a Stackelberg duopoly, in ...
A: There are different forms of market under duopoly system, such as stackelberg duopoly, cournot duopo...
Q: MODIFIED TRUE or FALSE. Write "T" if the given statement is TRUE, correct and valid. Write "F", if o...
A: Perfectly competitive market: In a perfectly competitive market there are a large number of buyers a...
Q: A company is considering the purchase of a generating set to supply the electrical needs of his offi...
A:
Q: 1)How do you go from many midpoint indicators to one endpoint indicator in LCIA, for example to DALY...
A: Before reaching the endpoint, a midway technique examines the effects earlier in the cause-effect ch...
Q: The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies ab...
A: A perfectly competitive firm's short-run supply curve is that portion of the marginal cost curve tha...
Q: Show how an economy described by the Solow model with total factor productivity converges to its ste...
A: Introduction Here α = 0.4 , δ = 0.15 , η = 0.045 , g = 0.08 , s = 0.25 , k0 =10 The production funct...
Q: What can you say about Tax incidence in your country, who carries the burden more? Give examples and...
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...
Q: You are running a chocolate factory and need to decide on the price to sell the chocolate as well as...
A: Profit maximiser firms decide to charge price and output determination is set when marginal cost and...
Q: San Jose Mercury News, March 31, 2020: "As classes go online, students want Stanford to lower tuitio...
A: The explanation for whether the students must be given discounts or not is as follows:-
Q: Answer the following: 2. Which of the following is the MOST valid assumption about money? * A. Mon...
A: Introduction 2) The most valid assumption about money is option A) Money alters individuals percepti...
Q: Federal Reserve & Open Market Operations If the Fed shifts to a more restrictive monetary policy, an...
A: The Federal Reserve is the Central authority of United States to make open market purchase or sale o...
Q: Which would one use if you wanted to understand why income changes in a country? A. development ...
A: Cobb Douglas production function: Y = AKα L1-α. Where Y is output (or income) A is total factor prod...
Can we determine if point F is
Step by step
Solved in 2 steps
- Is it possible to avoid Diminishing Marginal Return? Why? ExplainIn 50 words, answer the following question: In the class, we know the reason why the MC curve intersects the ATC curve at the minimum level of ATC. Actually, MC curve also intersects the AVC curve at the minimum level of AVC. Is it a coincidence? What make the similarity? (Hint: How MC affect the change in ATC? Does it the same for AVC?)Give one limitation of marginal analysis and explain why?
- In an article in the New York Times (Is Junk Food Really Cheaper? September 24, 2011), Mark Bittman compares the cost of a McDonalds meal for four ($28) to the cost of a home cooked chicken with vegetables dinner ($13.78). An economist would say that the "true" cost of the home cooked meal is than $13.78, as we need to add to the cost of groceries (money you pay to buy the ingredients chicken and vegetables) also the lower, amount of money you will be saving when you spend less money on food. lower, negative health effects of eating too much fast food lower, opportunity cost of time you spend to prepare and cook your dinner. higher, benefits of healthy home. cooking, higher, opportunity cost of time you spend to prepare and cook your dinner.What is sunk cost? Provide an example of a sunk cost. Why are such costs irrelevant in making decision about future actions?What is sunk cost? Provide an example of a sunk cost.Why are such costs irrelevant in making decision about future actions?
- Under what condition will L&P agree to produce the allocatively efficient quantity?What is sunk cost? Provide an example of sunk cost other than one from the book and explain it. Why are such cost irrelevant in making decisions about future actions?Explain what is meant by allocative efficiency and under what conditions is this efficiency achieved? And explain what is meant by efficiency in production, and under what conditions is this efficiency achieved?