Q: Microeconomic Question QUESTION ONE Using appropriate diagram, illustrate the short run and long r...
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...
Q: When Jerry Garcia was alive he bought a house for $500,000 and made a $100,000 down payment. He obta...
A: here we calculate the monthly payments by the following method as follow;
Q: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...
A: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...
Q: So (voluntarily) intericated that be is not aware of the consequences of his actions, Umberto agrees...
A: Intoxication is a state in which one's physical or mental control has been significantly weakened by...
Q: Why it could be the case that after an initial sharp increase, the budget deficit could drop through...
A: Budget deficit is when the government's expenditure exceeds the government's income.
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: 28) Find the equivalent of present worth (t = 0) of a uniform series of $7000 for 7 years, if the pa...
A: Note: We will answer the first question since the exact one was not specified. Please submit a new q...
Q: Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposa...
A: As per the guidelines solution is provided to the first 3 sub-parts: (i) National income = GDP at ma...
Q: Based on the data in the table and graph below, identify the equilibrium GDP: Price Level Real G...
A: At equilibrium price, quantity demanded is equal to quantity supplied. At equilibrium level of incom...
Q: The assignment method involves adding and subtracting appropriate numbers in the table to find the l...
A: There are different ways to operate a business in the market and the success of the firm depends upo...
Q: Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks s...
A: Answer:- (d) The town's citizens were free-riders.
Q: Consider the following data (all in real Sbns). Year Y. 940 1000 989 1020 1040 1040 1104 1061 1158 1...
A: here we find the correct option by the following method as follow;
Q: 5. The following are some of the costs of a clothing manufacturer. State which among them will you
A: Fixed costs, otherwise called roundabout costs or upward costs, are operational expense that are not...
Q: The graph below represents the demand g a monopolist. The firm uses price discrimination to increa p...
A: Price discrimination refers to the practice of charging different prices from different consumers fo...
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: A Company manufactures and sells one product. The product has the following cost and revenue data Se...
A: Advertising elasticity of demand (AED) is a measure of a market's sensitivity to increases or decrea...
Q: A French Winery with upper-class expensive wines is considering entering the Indian Market, but they...
A: Answer:1
Q: In the Solow growth model, countries with identical total factor productivities, identical labour fo...
A: Solow growth model determines economy's steady state where capital per worker and output per worker ...
Q: Higher reserve ratio will a. decrease GDP b. bring easy monetary policy. c. increase labor fo...
A: "Correct option a- decrease GDP."
Q: 2. Consider these three utility functions: U2 = u3 In a1 + In r2 Which of these functions can be sai...
A: The monotonic transformation of a utility function represents the same function as the utility funct...
Q: Motorcycles TMotorcycles PPC in Japan PPC in Vietnam IM E Rce In reference to the above graph, suppo...
A: The correct answer is given in the second step.
Q: Consider the following 2-player game. The game has a Nash equilibrium in mixed strategies. When both...
A:
Q: Private enterprises often oppose environmental regulation because it raises cost of operation, reduc...
A: Given information Farm type is given Output of milk is given Daily demand for labor is given Wage=$1...
Q: Instruction: Adress the current condition of the Philippines by applying Appadurai's concept of "sca...
A: Appadurai's Scapes: An Explanation The creation of a new global cultural economy, or what we know as...
Q: Which of the following represents the domestic demand for goods? OC+1+ G- IM/ɛ O C+I+ G+ X + ɛlM O C...
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...
Q: The lag effect suggests that studying that is spaced out over a greater amount of time provides more...
A: In economics, lag effect can be seen while governement decides to implement economic policies to. De...
Q: GDP is a better indicator of economic growth and welfare than GNP because a. indicates income from...
A: GDP (gross domestic product) of a country is the market value of all final commodities and services ...
Q: 15. If a bank’s return on assets (ROA) is 1%, and its asset-to-equity ratio (equity multiplier) is ...
A: a bank’s return on assets (ROA) is 1%, and its asset-to-equity ratio (equity multiplier) is 10, then...
Q: A group of 10 people have the following annual incomes: $24, 000, $18, 000, $50, 000, $100, 000, $12...
A: Solution: Writing the given incomes in increasing order. First quintile 10000 12000 Second quin...
Q: Question One O Zabron has preferences > for Champagne (good 1) and Wine (good 2) defined by: (x, x2)...
A: 1. i. Complete: No, since we can not compare two bundles for which one bundle has higher minimum an...
Q: Three buyers want to purchase a used fridge. Their willingness-to-pay for a fridge is: • Frankie $10...
A: Here, it is given that a market for used fridge has three buyers and two sellers, whose willingness ...
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: The textbook discusses several things that determine how price elastic the supply of a good or servi...
A: A product's price elasticity describes how sensitive suppliers and buyers are to price changes. It i...
Q: Prove that: A capital – abundant country can benefit from international trade if it specializes in p...
A:
Q: 4. An increase in the nation's capital stock will shift the PPC outward. move the nation from ...
A: NOTE: We'll answer the first question, since the exact one isn't specified. Please submit a new ques...
Q: Question: What are the equations for measuring return and risk?
A: Return and risk help us choose which investments to undertake. Returns are calculated based on the i...
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: First, use the black point (plus symbol) to indicate the equilibrium price and quantity of commercia...
A: Please find the answer below.
Q: 1) Lorenz curve show the inequality in income distribution but it does not show a) the debts involv...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: Quantity of Nominal interest rate money demanded Quantity of money supplied (percent per year) (tril...
A: The equilibrium nominal interest rate could be defined with the intersection between the demand and ...
Q: What methods can be used by the FED to influence interest rates? Are these methods effective?
A: Please find the answer below.
Q: On the following graph, use the black curve (plus symbols) to illustrate the deadweight loss in thes...
A: Deadweight Loss: A deadweight loss is a cost to society created by market inefficiency, which occurs...
Q: With specific examples (of industries) discuss at least 2 factors against monopolies in the USA (min...
A: Monopolies came to the United States with the social administration. The large-scale public workshop...
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: All of the following shift the demand for money curve EXCEPT O a. an improvement in financial techno...
A: Introduction Money demand is a part of money market. It has downward sloping. Money demand shows the...
Q: Which of the following would lead to a decrease in the equilibrium interest rate? O a. Decrease the ...
A: Demand curve of money shows the amount of money demanded at the particular interest rate whereas, th...
Q: How are quintiles calculated? Select the correct answer below: O Calculated using the average of the...
A: Quintiles are defined as the equal numbers of five groups in a population.
Q: ex pice might change in areas facing population growth
A: To find : How equilibrium price for air travel might change in areas facing population growth.
Q: 1 According to the Solow Model, which of the following statements is correct? 1. An increase in the ...
A: When talking about the Solow growth model, it can be said that the changes in population, capital, t...
Q: Which of the following is the best example of a moral hazard problem? Question 25 options: a) ...
A: When talking about moral hazard, it is the situation that arises after a transaction is made between...
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- 3. Consider a world in which production of a good or service consists of a number of definitive tasks, which must all be performed correctly for the product to have positive value. Each task is filled by a single worker i whose skill level qirepresents the probability the worker performs her task correctly. Mathematically, if there are n tasks in the production of a good, and average production per worker with one unit of capital is 1 when all tasks are performed correctly, the production technology can be represented as: A) Give an example of an industry for which this might be a good model of production. What does this production function imply about the tradeoff between quality and quantity of labor in a given task? In this, how does it differ from a Cobb Douglas production function? B) Find the marginal product of increasing the skill of the ith worker. Suppose now there were two firms in the same industry that will bid for workers, and can pay them differentially according to…Suppose that Verania and Josimar are roommates that need to complete some household chores. Vacuuming and washing dishes need to be done. They know from the last time they did these chores that it takes Verania 2 hours to vacuum and 1 hour to wash dishes. It takes Josimar 3 hours to vacuum and 2 hours to wash dishes. Josimar says it does not matter which task each of them performs because Verania is faster at both tasks. Josimar’s reasoning a. is wrong. Because Verania has a comparative advantage in washing dishes, she should wash dishes, and Josimar should vacuum. b. is correct. Because Verania is faster at both tasks, there is no benefit in each volunteer specializing in one task or the other. c. is wrong. Because Verania has an absolute advantage in both tasks, she should perform both tasks herself. d. is wrong. Because Josimar has a comparative advantage in washing dishes, he should wash dishes, and Verania should vacuum.1. In the Traveler’s Dilemma, each of two people chooses a number between 180and 300. Each is paid the lower of the two numbers, but the person who choosesthe higher number must pay an amount x to the person who chose the lowernumber. In one case, x = 5, while in the other case x = 180. What differencewould you expect between choices with the two values of x?a. Higher choices when x = 5.b. Higher choices when x = 180.c. Little or no difference.d. Impossible to predict.2. Consider these statements about communication in experiments.1. Chat communication is usually more effective than written simple signals (A,B, etc.).2. Friendly appeals to mutual interest and payoff dominance are effective.3. Promises often affect beliefs and actions.4. A promise is not worth the paper it is printed on.Which of these are true?a. 1 and 2b. 1 and 3c. 2 and 3d. 1, 2, and 33. A treasure is hidden under one of the four boxes below. A person gets twoguesses to find the treasure. What do you think is the most…
- What are four responses to the claim that people should not behave in the way described in this chapter?14. What assumption is important in using economic model to make predicitons? a) the law of demand b) the rationality assumption c) ceteris paribus/ other things being equal d)evryone being a price takerQ.4 Microeconomics How incentives affect people’s behavior. The question: Does the seat belt law make people safer? You might talk about the role of incentives. The word "safer" meaning more safe is correct. In the most general terms, an incentive is anything that motivates a person to do something. When we're talking about economics, the definition becomes a bit narrower: Economic incentives are financial motivations for people to take certain actions. However, the discussion is focused on seat belt law and what are incentives surrounding it.
- 1. Law follows ethical analysis which is the basis for creation of a law. Select one: O. True O. False 2. Descriptive account does not capture all that is involved. Select one: O. True O. False 3. Copying somebody else's program without proper authorization is hacking. Select one: O. True O. FalseFisher claims that the counterparts of particle and energy in mechanics are individual and utility in economics. The 2nd law of thermodynamics, on the other hand, asserts that free energy is irreversibly converted to bound energy as entropy continuously increases in the universe. Discuss whether the mainstream economics is compatible with the universe described by thermodynamics.Let’s use the Fisher effect to use two known values to learn about the unknown third one. Consider the table, with some values given and some missing. ?i ??Eπ ?EquilibriumrEquilibrium 5% 2% 3% 5% 1% ___ 5% ___ 8% ___ 10% 2% 6% ___ 2% 0% -2% ___ Compute the missing values in the table. ?=5%,??=1%,?Equilibrium=i=5%,Eπ=1%,rEquilibrium= % ?=5%,?Equilibrium=8%,??=i=5%,rEquilibrium=8%,Eπ= % ??=10%,?Equilibrium=2%,?=Eπ=10%,rEquilibrium=2%,i= % ?=6%,?Equilibrium=2%,??=i=6%,rEquilibrium=2%,Eπ= % ?=0%,??=−2%,?Equilibrium=
- The world in which we live is complex and to understand it, human beings make use of some orother simplification process. A theory can accordingly be seen as an attempt to simplify things.Such an observation may come as a surprise to those who have often heard remarks to the effectthat such and such a theory is difficult, or at the least terribly complicated. We should neverthelessremind ourselves that a theory involves an attempt to simplify things – it is the world out there thatis the complicated entity. A particular theory (or model) is merely trying to reduce it to manageableproportions, at least as far as understanding our environment is concerned.”In economics, theory is presented in a simple form by making the…1.23a) Post hoc assumptionb) Fallacy of compositionc) Ceteris paribus assumptiond) Blinkered approachWhen using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)5) How did Veblen criticised capitalist economy? What were the instincts which motivated different actors in a capitalist economy?
