Choose all answers that are correct:  the marginal cost is the slope of the... a. The variable cost curve b. The total cost curve c. The average cost curve d. The average product curve e. The marginal product curve

Q: Refer to Table 2-3. Assume Ming's Strings only produces banjos and harps. A combination of 80 banjos…

A: A production possibility frontier illustrates the combination of two goods can be produced by using…

Q: The amount of P50,000 was deposited in the bank earning an interest of 7.5% compounded…

A: Given the following information: Amount deposited =  P50,000 Interest rate, r = 7.5% Semi-annually,r…

Q: Graphically, producer surplus is measured as the area Multiple Choice O о O under the demand curve…

A: Producer surplus is the difference between the price a consumer is willing to pay and the…

Q: The market for fresh chicken is at its market equilibrium. Now the price of beef rises and the…

A: The above question is an example of Substitutes goods. A substitute good is something that is…

Q: 3 3.1 302 John lives in a world of 2 goods, A and a utility function U= min {A, B}. Jo hn earns an B…

A: A person always maximizes his or her utility given the budget constraint where: the slope of the…

Q: 2. The graph below is set of hypothetical production possibilities for a nation. Consumption goods 7…

A: Production possibility curve shows the combination of production of two different goods by the using…

Q: If the Fed overcorrects the economy at a time when consumer spending is declining, then.)…

A: Within terms of economics , a recession is characterized by a significant decline in the general…

Q: the demand curve for a monopolist is 2p=100-q find total revenue average avenue and marginal…

A: Given the demand curve for a monopolist, 2p=100-q First we find the Total revenue (TR), TR=p×q

Q: P1

A: Price Floor is price control which is set by the government. It is the minimum price that can be…

Q: The World Health Organization says that it is too costly to try to fully eradicate malaria. By using…

A: Production Possibility curve shows the two goods combinations which can be produced with the help of…

Q: Question: The Federal Reserve is currently increasing interest rates, and has indicated that it will…

A: Given: Federal Reserve is increasing the interest rates and will continue doing that for all of…

Q: Table 11 shows the hypothetical trade-off between different combinations of Stealth Bombers and B-1…

A: The cost that depicts the cost of the best next alternative that is being foregone is known as…

Q: To derive the demand curve for a firm for one of the several variable factors, the following must be…

A: Since you have posted multiple questions, we will answer the first question for you. If you want any…

Q: You got a leaf blower for free at a yard sale. You are thinking of using it to clean leaves in your…

A: opportunity cost is the cost of loss of one opportunity to choose the other alternative. In other…

Q: 5. Find the present worth of a future payment of 100,000 to be made in 10 years with an interest of…

A: For the first 4 years interest at 12% , 12/4=3 then 3/2=1.5 To find the nominal interest rate…

Q: Consider the following normal-form game: Player 1 3 C M D Player 2 L 4,2 3,7 5,7 C 8,3 7,9 9,11 R…

A: Given,  Two Players : Player 1 and Player 2Player 1 has three strategies : U, M and DPlayre 2 has…

Q: 23. According to the Neoclassical view, if there is a decline in the demand for labour and no change…

A: When talking about Neoclassical view, it can be said that economists with this view beleives in the…

Q: Market: Airline Industry Scenario: To combat recessionary fears, the government announces stimulus…

A: In essential terms, a downturn/recession is a point at which the economy's exhibition diminishes for…

Q: A used machine with a book value of P 20,000 was exchanged for a new machine that was similar. The…

A: The machine rate often includes fixes and operating costs, however this isn't always the case. Some…

Q: 1. You were offered to buy shares of stock of a newly listed company. You decided to take 300 shares…

A: The given price of the share is Php 1200 per share. Total share purchased =300 So, the money…

Q: a. Can point D be produced? Why?. b. What variable might shift the curve PPC1 to PPC2? What would…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for…

Q: city government is considering renting space in an all‑day parking garage for its 100 employees. The…

A: Price discriminate, practice of offering a ware at various costs to various purchasers, despite the…

Q: Give a one or two-sentence explanation of each curve using proper economic terms. Be sure to…

A: Supply curve shows the positive relationship between the price and quantity supplied. The rise in…

Q: France produces agricultural products and manufactured products, using both labour and capital. When…

A: International Trade: The term international trade refers to the trade spectrum in which a country is…

Q: 3. P4000 is borrowed for 75 days at 16% per annum ordinary simple interest. How much will be due at…

A: given that, principal(P) = P4000 time = 75 days rate of interest= 16%

Q: Consider a market in which the demand curve is given by P= 1000-50, and the supply curve is given by…

A: "A demand curve shows a negative relation between price and quantity of a good demanded and supply…

Q: Economics what is the rational expectations, representative agent model, and why is it useful in…

A: An economic hypothesis is a bunch of thoughts and rules that frame how various economies capability.…

Q: Suppose an earthquake destroys part of a nation's capital stock, but does not kill off any people.…

A: Solow model The Solow Growth Model, an exogenous model of economic increase, examines changes in…

Q: Task 2: At a price of $4, is there a shortage or surplus of bananas? How many pounds? Task 3: At a…

A: Given information: Q = 25 - 2P ---------> Demand function for bananas Q = 3P --------------->…

Q: C4

A: Keynes reformulated the Quantity Theory of Money(QTM). He believes that money does not influence the…

Q: The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200-9.5p+16.2pp +0.2Y, where Q…

A: Given the demand function of coconut oil :Q=1200-9.5p+16.2Pp+0.2Y Given the values, p=45Pp=31Q=1322…

Q: 8

A: We know that Expansionary policy is employed with the aim of boosting aggregate demand when private…

Q: Use the information from the preceding table to fill in the following table. Nominal GDP Real GDP…

A: The GDP price deflator estimates the progressions in prices for every one of the goods and services…

Q: The Norway spruce trees that are grown in Christmas tree farms are considered? A. Land B. Capital C.…

A: The measure that depicts resources or inputs that are being used in process of production for…

Q: ark your answer

A: Marginal propensity to consume (MPC) measures the change in consumption due to change in disposable…

Q: 6.- Andrew Thomas, a sandwich vendor at Hard Rock Cafe, created this table with the different…

A: Business firms use decision analysis as a technique in operation management to make informed…

Q: Suppose that the probability of low demand is 0.75.   (a) What is the maximum Expected Monetary…

A: The law of demand is a basic rule of economics that states that at a higher price consumers will…

Q: Question 1: Suppose that the demand and supply curve for wheat (measured in million bushels) in the…

A: As given Demand : Q = 3000 - 300P Supply : Q = 1900 + 200P Market equilibrium is that condition…

Q: G3

A: Money is referred to as something which is generally accepted by people in exchange for goods and…

Q: Increasing the minimum wage has no impact on employment, regardless of the size of the increase.…

A: Minimum wages refers to the minimum remuneration given to employee by employer for doing work by…

Q: You already have a ticket to a club tomorrow, which costs you $30 and give you the enjoyment of $35.…

A: Opportunity cost refers to the forgone amount for choosing one alternative over another. So,…

Q: Explain the Prisoner’s Dilemma. Give some examples.

A: In economics, game theory refers to the concept to analyze the behavior of an imperfectly…

Q: Is the market for computer chips concentrated (i.e, dominated by relatively few producers)? How can…

A: When smaller firms account for a large percentage of the total market, market concentration is used.…

Q: #8

A: Factors of production are the components used for the process of manufacturing the goods and…

Q: 5 What is GDP?

A: We know that Gross domestic product(GDP) is macroeconomics term having very broad meaning.…

Q: The way to build good credit is to: A. Secure a credit card, but never use it B. Pay off the credit…

A: Better management of money is essential for a sound financial stability and to build good credit.

Q: 3. P4000 is borrowed for 75 days at 16% per annum ordinary simple interest. How much will be due at…

A: Here, given information is, Principal amount (P): P4000 Time (t): 75 days with ordinary simple…

Q: construct a cash flow diagram to find the present worth in year 0 of a 400 expenditure in year 3 a…

A: Cash flow diagrams are powerful tools to look into expenditures and savings of a business or an…

Q: Table 2-8 Hats Umbrellas A Minnie B 40 10 Table 2-8 shows the output per week of two people, Minnie…

A: Opportunity cost is the value of what you lose while picking either at least two options. At the…

Q: b. Compute the multifactor productivity figures for labor and capital together. (Round your answers…

A: Given the information: Sales unit of U.S. = 90000 Labour hours of U.S.  = 20105  Raw material…