Carrot Apple 0 10 1 9 2 7 3 4 4 0   Using the PPF drawn above identify the point of inefficiency and label it A. Why is this considered to be inefficient.

Q: Many changes are affecting the market for oil. Predict how each of the following events will affect ...

A: Eqm price and quantity are found by the intersection of dd(demand) and ss(supply) in the  market. dd...

Q: Assume the market for good Y is in equilibrium. (a) Draw a correctly labeled demand and supply gr...

A: since you have asked a multipart question and according to our policy we can only solve the first 3 ...

Q: According to Keynes, interest is a payment for

A: To find : Interest is pay for? 

Q: Critical Thinking: Let's make it as realistic as possible to the US. In 2020, the US had both a gove...

A: The circular flow of income, also known as the circular flow, is an economic model in which major ex...

Q: tunnel cost $280M. Every 10 years, it is repaved at a cost of $12M. Halfway between the repavings, i...

A: With proper maintenance cost is $20M every year, the tunnel will last forever. With i = 5%. Then the...

Q: A manager of a clothing firm is deciding whether to add another factory in addition to one already i...

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

Q: A brass pump and a stainless-steel pump are being compared for an application in which their operati...

A: In economics and finance, present value, also known as present discounted value, is the value of an ...

Q: The Corruption Perceptions Index is used to estimate countries’ political risks and contains informa...

A: The Corruption Perceptions Index is a tool used to measure the level of corruption in a country and ...

Q: 45. The short run A. O Is less than one year B. O Requires that at least one input is fixed C. O Req...

A: Labour includes physical and mental effort by humans throughthe use of human capital (education, tra...

Q: Imagine an Island a short distance off the east coast of a country. This island is called Onus, and ...

A: A monopolistic market is a market structure that resembles a pure monopoly. A monopoly exists when o...

Q: 49. The long run is a A. O Period of three years or longer B. O Period long enough to allow firms to...

A: Long run refers to the period of time where there is no fixed cost and all the factors that are invo...

Q: erhart & Newman (2020) discuss how compensation (pay) may be a measure of justice, i.e., gender, rac...

A: It is essential because executives act as agents for investors or owners. The executive should guide...

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A: The uneven distribution of income throughout the population is known as inequality in income. When t...

Q: Recently, the economies of North Korea and Norway have begun to grow very rapidly. This increases th...

A: The market equilibrium interest rate is decided by the supply of loanable fund and demand for loanab...

Q: Which curve shifts and in which direction when the following events occur in the tax accounting mark...

A: a) Answer:- Demand increases. Explanation:- On tax day, ever more individual are going to look to re...

Q: David Ricardo ([1817] 1965) modified Smith’s model by introducing diminishing returns to land cultiv...

A: 1. David Ricardo’s theory of economic development assumes the following: - There exists a market wh...

Q: Because of their unique expertise with explosives, the Zambino brothers have long enjoyed a monopoly...

A: Monopoly refers to a situation in which a single supplier controls the market for a specific product...

Q: Utility is more closely related to he term

A: To find : Which term is more related to utility. 

Q: The supply of a commodity refers to

A: To find:  The supply of a commodity refers to 

Q: a) Suppose Kreese's preferences are monotone (more is better) and that he is willing to give up one ...

A: a. In this case Kreese is willing to trade cigars and sleeveless shirts at a fixed rate. So these go...

Q: Suppose that an increase in the price of Tide pods results in an increase in demand for Gain laundry...

A: The relationship between two goods can be compared by analyzing the impact of change in the price an...

Q: QUESTION 11 Two countries (A and B) report to have the same value of real GDP, even after adjusting ...

A: In the given scenario, the government of country A produces a much larger share of goods and service...

Q: Consider the following cost function: C= 0.3q3 - 6q? + 90q + 100. When output is 18 units, average c...

A: Given: The cost function is: C = 0.3q3 - 0.6q2 + 90q + 100 To Find: The average cost when output is...

Q: Demand for residential electricity at a certain time period in Hamilton County is normally distribut...

A:

Q: Assume that the government sets a binding price ceiling on the interest rate that banks charge on lo...

A: Introduction: The 'Bank Rate' is the single most important interest rate in the United Kingdom. It i...

Q: Explain the major tasks faced by service companies.

A: Problems faced by service companies:- 1) Business development is a critical technique not only for g...

Q: turer produces a pair of gloves at labor cost of 15 and a material cost of 40 a pair. The fixed char...

A: Given fixed cost = 90000 Labor cost = 15 Material cost = 40 Other variable cost = 15 Total variable ...

Q: Charlie has von Neumann-Morgenstern utility function u(x) = ln x and has wealth W = 250, 000.   Sh...

A: von Neumann-Morgenstern utility function, an augmentation of the hypothesis of purchaser inclination...

Q: Which scenario describes the operation of a tariff? Angola opens up trade with the world corn market...

A: Both answers are given below

Q: Product A currently sells for $12 per unit. The variable cost is $4 per unit and 10,000 units are so...

A: The stage of production where Total Revenue generated equals Total Cost incurred in the manufacture ...

Q: What might happen if a car dealership is awarded a bonus by the manufacturer for selling a certain n...

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

Q: Use the black point (cross symbol) to indicate the equilibrium price and quantity of Blu-ray players...

A: The purple area represents the producer surplusPS=12×base×heightPS=0.5×60×(210-30)PS=30×180PS=5400Th...

Q: need the answer as soon as possible

A: A consumer equilibrium is a situation where the consumer attain maximum satisfaction given his expen...

Q: Explain the monetaey policy

A: Monetary policies are a set of measures that a country's central bank can use to encourage long-term...

Q: Does food labeling influences consumer decision towards healthy eating?

A: Labels include the governmentally mandated Nutrition Facts Label; the worked on front-of-pack Facts ...

Q: Metalfab Pump and Filter Inc. estimates that the cost of steel bodies for pressure valves will incre...

A: Present value can be defined as the current value of a future stream of cash flow. It is an importan...

Q: Select an industry that belongs to any one of the four market structures— perfect competition, monop...

A: Perfect competition, monopolistic competition, oligopoly, and monopoly are the four types of economi...

Q: QUESTION 12 In the expenditure approach to GDP, which of the following is excluded from measurements...

A: Introduction: Gross domestic product (GDP) is the total monetary or market worth of all completed pr...

Q: 1. Adam Smith's argument problematically assumes that: a. human beings are not motivated by self-i...

A: Economics is the study of how the scarce resources of society are exploited. It is a social science ...

Q: Suppose the production is given by Y=0.5*K13(AN)23. Suppose the depreciation rate is 2%, number of w...

A: A steady-state economy seeks to strike a balance between economic expansion and environmental preser...

Q: QUESTION 11 Decon trees are better than infuence diagams for representing a decon problem for pe lev...

A: Since you have posted a multiple question, we will solve first question for you. If you want any spe...

Q: How do differences in income levels and income distribution among countries affect international bus...

A: The economics as a study is based upon the idea that the resources which are present with the econom...

Q: Solve the national-income model Y = C+ 1o + G C = 26+ 0.8(Y – To) G = 0.25Y di mana I, = 50 dan To =...

A: Government has a budget surplus when taxes exceed government spending and has budget deficit when go...

Q: hy we have more of Eastern influence than western influence

A: Answer is given below

Q: Normal profit is called normal because

A: To find:  Normal profit is called normal because

Q: Find  P(-1.35 < z < 1.35) a 0.8230     b 0.7990     c 0.7757     d 0.7531

A: Calculate value P(-1.35 &lt; z &lt; 1.35)

Q: . The 'substitution effect' takes place due to change in

A: To find:  The 'substitution effect' takes place due to change in

Q: What is the accumulated  value at the end of 10 years if P1k is invested at 12% compounded continuou...

A: Interest can be defined as the amount paid in excess of the principal amount by the borrower to the ...

Q: Carrot Apple 0 10 1 9 2 7 3 4 4 0 Using the table above, draw the PPF for Happyland. 1.Using the PPF...

A: Production possibilities frontier shows different combinations of two goods that can be produced wit...

Q: ears ago a house was purchased for P5M. If it is sold today for P10M, what is the rate of appreciati...

A: Purchase price = 5 Million Selling price = 10 Million Time = 10 years

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.