Clothing (units per month) Food (units per month) Starting from point A, after the price of food decreases, the quantity of food purchased: O increases, due to the income effect but decreases due to the substitution effect O decreases O increases from A to B due to the income effect and then to C due to the substitution effect O increases due to the substitution effect but decreases due to the income effect

Q: 11. Profit is maximum when

A: To find : When will be profit maximum. 

Q: 3. Consider the utility function given by u (x1, x2) x1x2, and budget constraint given by P1x1 + P22...

A: As you have posted multi-subparts question, as per answering guidelines we are supposed to solve onl...

Q: The Glass-Steagall Act, before its repeal in 1999, prohibited commercial banks from   Question 4 op...

A: Answer: (b) engaging in underwriting and dealing of corporate securities.

Q: 7. Bank capital is equal to ________ minus ________.   Question 7 options:   a) ...

A: Bank capital shows the net worth of any bank by checking the bank's assets and liabilities. 

Q: abor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivit...

A: Given: Labor productivity: 2008=22 units per hour 2009=21 units per hour

Q: depreciation rate of 8.9 %. What does this country's savings rate need to be in order to sustain a s...

A:

Q: Consider the market for CD players, illustrated in the figure to the right. Suppose there are networ...

A: There is a network externality in the market for CD players.  hence, the number of CD players demand...

Q: Choose one of the following examples and explain whether you think that the government should ban th...

A: Banning any product is not the ultimate solution to any of the issue because it will create a situat...

Q: Risk selection" refers to --   a. the incentive of insurance companies to avoid enrolling people w...

A: In financial terms, risk is defined as the chance that the actual gains from an outcome or investmen...

Q: Monetarists differ from Classical economists in their view of money in that monetarists believe: (a)...

A: Inflation is defined as the rise in the average price level of commodities and services in the econo...

Q: . At the point of equilibrium of firm (under perfect competition)

A: To find : What happens at point of equilibrium of firm. 

Q: 1. According to Keynes, what is the most important determinant of (or influence on) the level of Con...

A: 1) According to Keynes, disposable income is the most important determinant of (or effect on) the de...

Q: The wholesale price of milk (px) is $1/gallon, and the wage (pL) is $12/hour. Suppose that farms can...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit thequestion and sp...

Q: If the government wants to increase employment, what should it do among the following?    a. decreas...

A: The Reserve ratio refers to the proportion of the deposited money (bank's liability), which a commer...

Q: 17. Samiyah and DeAndre decide to play the following game. They take turns choosing either 1, 2, or ...

A: SPNE stands for subgame perfect nash equilibrium. This strategy represent nash equilibrium at every ...

Q: Economic graphs microanalysis about vouch insurance?

A: To find : Analysis on vouch insurance company. 

Q: In the Malthusian model, the population growth rate is O A. assumed to be constant. O B. not related...

A: Malthusian model is also called exponential growth model. 

Q: 6. There is an increase in Demand in the ROW for USA goods Decrease in the Value of the Dollar. Decr...

A: When the demand for USA goods increases in the ROW then it implies the rest of the world has increas...

Q: Identify within the caribbean region, at least one agency that can provide a Multi-National Corporat...

A:  we have show that ,Caribbean Export is the only [Càribbean] Export Promotion and Trade Agency. Its ...

Q: In the steady state of Solow's exogenous growth model, an increase in the savings rate ... A. increa...

A: The Solow Growth exogenous model of economic growth implies a change in the level of output due to a...

Q: In trade policy a balance must be stricken between Select all that apply: importers and exporters do...

A: The answer is -  Option 2. domestic business special interests and domestic consumer interests. Opti...

Q: [3] A firm has total variable costs and total costs as indicated in the table below. (a) Calculate t...

A: Here, the given table provides information about total variable cost and total fixed cost at differe...

Q: Why has the government pumped billions into bank bailouts to prevent them from collapsing?

A: Bank bailouts refer to a situation when government or corporation injects funds into a bank that is ...

Q: The long-run aggregate supply curve is... A) Upward sloping at the potential GDP level B) Vertical a...

A: Aggregate supply curve shows combinations of price and quantity of output supplied in the economy.

Q: Percentage per GDP Item Malaysia singapore indonesia thailand cambodia Household consumption expendi...

A: Gross domestic product is the total  market value produced domestically during an accounting year . ...

Q: Poly-Chem Plastics is considering two types of injection molding machines: hydraulic and electric. T...

A: Given information 2 types of injection molding Machine HP machine First cost=$630000 Annual cost=$20...

Q: 1. Demand terminology Complete the following table by selecting the term that matches each definitio...

A: The curve that depicts various quantities of goods being demanded by individuals at various levels o...

Q: Why are efficiency taxes preferred to regulatory policies as methods remedy externalities?

A: Externalities alludes to circumstances when the impact of creation or utilization of labor and produ...

Q: Which of the following can be a binomial random variable (select all that apply)? Number of heads in...

A: A binomial random variable counts how often a particular outcome occurs when there are a fixed numbe...

Q: Q)Discuss some empirical evidence on the importance of monopsony in affecting wages and inequality. ...

A:

Q: For A and B, create a scenario for each and draw the initial S&D position and explain the shift due ...

A: Consumer Surplus It is the area below the demand curve and above price measuring the difference betw...

Q: True or False 1. The future worth of a perpetuity from one (1) to n years is undefined because as n...

A: When talking about perpetuity, it is gheform of investms that is generally meant for infinite time.p...

Q: The following graph shows the weekly market demand for cheesecake in a small economy. Use the purple...

A: The difference between the price a customer pays for an item and the price he would be willing to pa...

Q: Paul consumes only books and DVDS. At his current consumption bundle, his marginal utility from DVDS...

A: Answer: Given, Marginal utility of book MUB=2Marginal utility of DVD MUD=13PB=$1PD=$12 The equilibri...

Q: Given the data in the table below, calculate the marginal propensity to save. Consumption Personal I...

A: Marginal Propensity to Save: MPS means the proportion of additional disposable income that is saved,...

Q: Price Level AS P1 P2 AD - AD' Y2 Y1 Real National Income

A: In the United States, government make changes in its taxation and spending, according to the require...

Q: Identify and describe the type of international business of Sushiro.

A: When a good is manufactured, cost analysis  takes place for producing that good and process of busin...

Q: method when the price of the pizza falls from $ 10 to $9, what is the percentage change in price?

A: To find : What is the percentage change in price. 

Q: . Distinguish between nominal GDP and real GDP?

A: Since you have provided multiple questions, we will solve the first question for you. If you want an...

Q: 18. The human effort applied to the production of goods is called in economics

A: To find : What is human effort applied to production of good. 

Q: If the price level increases in the economy, A) The total spending in the economy will fall. B)The ...

A: When the price level increases in an economy then it implies a fall in the purchasing power. Goods a...

Q: 5. The following are some of the costs of a clothing manufacturer State which among them will you co...

A: To find : Which will be fixed cost

Q: 1. What is a monopoly? What are anti-trust laws? How da these relate to the Epic Games vs. Apple law...

A: 1) Monopoly is defined as the single ruler, where there is a high barriers to entry and there is a l...

Q: PQ 12.07 in consumption and A light house that warns ships about nearby rocks is provide . As a resu...

A: Since lighthouse provides external benefits to third parties it will create positive externality. 

Q: Suppose a market in which demand equals Q=1200-10p and supply equals Q=20p a- What is the value of ...

A: Consumers' surplus is a proportion of consumer government assistance and is characterized as the abu...

Q: Benefits of government regulating banks.

A: Bank regulation is basically a kind of govt regulation that, among other things, sets certain rules,...

Q: Table 6.3 SBillions t of Compensation of employees Proprietors' income Corporate profit Net interest...

A: The answer is - a. cannot be calculated given the information in Table 6.3

Q: 4. The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., make...

A: Here, the information about two goods, good X and good Y, is given as the good X is produced by corp...

Q: The Kansas City Chiefs football team just won the Superbowl and an ESPN.com poll showed that 74% of ...

A: As the football team has won to tournaments and 74% of fans of the country follow it.  It means thei...

Q: 4. The total effect of a price change of a commodity is

A: The total effect of a change in a commodity's price is the substitution and income effects sum.