Q: hat is the natural unemployment rate? What is cyclical unemployment? What is frictional…
A: Unemployment is economic condition where a worker wants to work but still does not find job.
Q: what is the future worth of these payments after 16 years if interest is 9% compounded…
A: The future value formula when the interest rate is compounded semi quarterly (means the compounding…
Q: Direct tax levied on imported goods refers to international trade barriers in the form of; Cukai…
A: Tariffs might be levied either to raise income or to safeguard domestic industries, however, a…
Q: What is the smith's theory of absolute advantage in international trade?
A: Adam Smith, the father of economics in his book " Wealth of Nation" stated the concept of absolute…
Q: The Trouser Company has fixed costs of 2,400 per week. In addition, we have some information about…
A: The followings are the formula to calculate the AVC, AC, and MC: Average Variable Cost (AVC) =…
Q: The current price for a good is $25, and 90 units are demanded at that price. The price elasticity…
A: Price elasticity is 1 which means when price drops by 8%, quantity demanded increase by 8%. 8% of 90…
Q: Assume the Central Bank buys $400K in US Treasury Bonds from corporations and the households. Also…
A: Given information: The required reserve ratio is 0.15 The currency drain ratio is 0.12 The central…
Q: k Using the information in the table below, estimate the equilibrium price and quantity without…
A: Equilibrium in the market occurs where quantity demanded is equal to quantity supplied.
Q: QUESTION 1 Complete the following sentences: In insurance markets, ✓ can arise if insurers can't…
A: When talking abou financial information asymmetry, it can be said that it is divided into two…
Q: why is becoming suppliers for foreign firms a good stragey when evnte
A: Market entry techniques are strategies organizations use to design, disperse and convey products to…
Q: the help of a market supply and demand graph, explain: How is the equilibrium price determined? What…
A: Market demand is the aggregate quantity demanded by all consumers in a market for a provided…
Q: What are the Principles of Public Debt Management?
A: Introduction - Getting control of your bills is the process of debt management.It entails keeping…
Q: QUESTION 3 Which of the following would lead to the demand curve shifting leftwards? O In the case…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: 11 Which of the following affect the supply of U.S. dollars on the foreign exchange market?…
A: PERCIEVED RISK ON INVESTMENT THE PERCIEVED RISK CAN INFLUENCE INVESTMENT AND US DOLLAR, WHEN THE…
Q: a. When a firm imposes an external social cost (negative externality), the government should impose…
A: When the production or consumption of a product incurs a cost to a third party, it is referred to as…
Q: ABC Systems is purchasing a new bar code-scanning device for its service center in Cabuyao. The…
A: Depreciation under straight line method = (Cost - Salvage) /Life = (190000 - 40000) / 5 = 30000 Here…
Q: Don Solomon wants to set up a scholarship program with his alma mater. If P742998 is needed per year…
A: Given information Amount needed for scholars per year (A) =742998 Rate of interest (i)=2.5% We have…
Q: There's two things driving the prices," says wool general manager for PGG Wrightson, Grant Edwards.…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: Compare the alternatives below using AW and i = 10% per year C D -350,000 -35,000 35,000 8 First…
A: Annual Worth gives the average value of a certain alternative’s cost or benefit incurred over the…
Q: Question 22 If capital mobility is imperfect and import demand is completely insensitive to changes…
A: BP curve shows the combination of interest rate and aggregate output at which the balance of payment…
Q: If the monopolist produces at the profit maximizing rate of output, what will be the total revenue?…
A: Total revenue refers to the total amount of revenue earned by a firm through the sales of goods…
Q: When price is greater than marginal cost for a firm in a competitive market, O marginal cost must be…
A: Please find the answer below. MARGINAL COST: In economics, the marginal cost is the change in…
Q: Which definition is true for the following statement: "Firms have positive expectations about future…
A: According to the given statement, it means that : Firms have positive expectations about future…
Q: QUESTION 10 Consider the markets studied in class: Bertrand duopoly, Cournot duopoly and Monopoly.…
A: Bertrand competition is a model of competition in which two or more firms produce a homogenous good…
Q: A trust fund is to be formed by depositing $4,000 every six months for 25 years in a bank that…
A:
Q: If ERR > MARR, then IRR > ERR > MARR. A True B) False
A: In economics, IRR refers to internal rate of return, ERR refers to external rate of return, and MARR…
Q: 1. You (row)/Your Crush (column) McElroy Corcoran The Dining Hall Game McElroy 3,2 0,0 a) Represent…
A:
Q: Assess two (2) main factors that can allow a firm to benefit from external economies of scale. END
A: Economies of scale results from expansion of businesses. Economies of scale might be enjoyed due to…
Q: Question 49 A perfectly competitive firm does not have which of the following characteristics? A.…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Using the Lorenz Curve, answer the following questions. . . Approximately what percentage of the…
A: A Lorenz curve shows the spread of distribution. It is used to show inequality of distribution. The…
Q: What is regressive and degressive tax?
A: Taxes are described as a charge made by the government on citizens who participate in the economy…
Q: 1) Given the above data about the U.S. economy (assume anything not listed is equal to zero): a What…
A: In macroeconomics, the money supply refers to the total volume of currency held by the public at a…
Q: What are the methods of exchange control?
A: The rate at which one country's currency can be exchanged for another country's currency is known as…
Q: Suppose that the demand curve for wheat is Q-140-200 and the supply curve i Q³=20p. The government…
A: A deadweight loss is a cost to society created by market inefficiency, which occurs when supply and…
Q: If Jane is currently willing to trade 4 movie tickets for 1 basketball ticket, then she must like…
A: The following concepts can be utilized to solve this question: Convex preferences imply diminishing…
Q: . Assume that we are at the natural rate of GDP, meaning we do not have a recession or an expansion,…
A: Interest rate and investment has inverse relationship that means when the central bank increase the…
Q: Suppose the exchange rate value of the dollar depreciates. Instructions: In order to receive full…
A: Since the dollar value depreciates, 1. Winners are - people who want to buy assets in this country…
Q: 2. Suppose the monetary policy curve is given by r= 1.5%+0.75 , and the IS curve is Y= 13-100r. a.…
A: The monetary policy ( MP) curve shows the connection between inflation and the genuine interest rate…
Q: What is single tax system? Write its merits and demerits
A: Taxation:- Indirect and direct taxation are two separate categories of taxes. The distinction is in…
Q: Your cousin Vinnie owns a painting company with fixed costs of $250 and the following schedule for…
A: Fixed cost does not depend on quantity produced. It remains fixed. Variable cost increases with…
Q: The maintenance on a machine is expected to be P6322 for the second year and an additional P1,750…
A: Given, Interest rate (r)= 5% Time (n) = 5 years Maintenance Cost = P6322 Additional Cost Per Year =…
Q: A machine that produces a certain piece must be turned off by the operator after each piece is…
A: Given:- Machine produces=50,000 pieces Operator earns=$2 Brake require servicing=After 587 hours…
Q: 23 of 100 An advantage of the Pigouvian tax is that it causes firms to increase supply and reduce…
A: Negative externalities lead to the inefficient outcomes. The pigouvian tax is recommended to correct…
Q: 5. Suppose after you graduate from Algoma University, you find a job that pays you $75,000 a year.…
A: Case-1 no.of years n=30years=30*12=360months Interest rate (i) =3.5% per year = 0.35/12 = 0.00292…
Q: Trade costs affect the following EXCEPT O how a firm responds to competition in a market. O how a…
A: Trade cost refers to the additional cost of transferring goods from seller's hand to a buyer's hand,…
Q: Which of the following does the Fed use most frequently to conduct monetary policy after the…
A: The objectives of the money-related policy are to advance the greatest business, stable costs and…
Q: C(Q) = 10Q where QQ1+Q2. a) Please write out the total profit function for the monopoly as functions…
A: Monopoly is a situation where there is a single seller in the market. In conventional economic…
Q: R4
A: Given thatp=48-qTherefore, q=48-pq=3formula forprice elasticity of demand=dq/dp×p/q
Q: y functions of the FED include: All that Apply) Hint: There are 4 correct answers. uct monetary…
A: United State's central bank and monetary authority is Federal Reserve System or FED The Fed gives…
Q: E1 The higher the value of e, the ______________(More or less) units of foreign currency a dollar…
A: Definition of exchange rate is that, the amount pf home is currency required to buy a unit of…
Receive with the help of indifference
Step by step
Solved in 2 steps with 1 images
- Derive with the help of indifference curves and the budget constraint the optimal consumption plan. How do you transfer the optimal consumption plan into an individual demand function?What are the determinants for an individual demand? Receive with the help of indifference curves and the budget outline the optimal consumption plan. How do you transfer the optimal consumption plan into an individual demand function?What are the determinants for an individual demand? Derive with the help of indifferencecurves and the budget constraint the optimal consumption plan. How do you transfer theoptimal consumption plan into an individual demand function?
- What are the determinants for an individual demand? Derive with the help of indifferencecurves and the budget constraint the optimal consumption plan. How do you transfer theoptimal consumption plan into an individual demand function? (use graphs)Consider a utility function l(X_{A}, X_{B}) = X_{A}*X_{B} Let P_{A} =\$3 and P_{B} =\$2. and income is set at M =\$40. Suppose P_{B} falls to P_{B}' = 1 1. Before the price change, what was x_{A} ^ * and x B^ * the optimal consumption bundles? Sketch the original budget line and label the point ( x_{A} ^ * ,x B ^ * ) as A. Let x_{A} be on the horizontal axis. 2. If, after the price change, income changed so that the original optimal bundle is just as affordable. What is the new income, m' ? At (p_{A}, p_{B}', m') what is the new optimal bundle (x_{A}', x_{B}')' Sketch the budget line associated with p_{A}, p_{B}', m' ) . Label the point (x_{A}', x_{B}') as B. 3. Does the substitution effect result in more x_{B} ? How many more or fewer? 4. After the price change, how much x_{A} and x_{B} are actually bought. ( x_{A} ^ prime prime ,x B ^ prime prime )? Sketch the budget line associated with (p_{A}, p_{B}', m) Label the point x_{4} ^ prime prime , x_{R} ^ prime prime ) as C. 5.…Is optimal consumption basket the same as associated level of utility?
- Define Consumption Behavior as a microeconomic componentA consumer is currently purchasing three pairs of jeans and five T-shirts per year. The price of jeans is $60, and shirts cost $10. At the current rate of consumption, the marginal utility of jeans is 240, and the marginal utility of shirts is 30. Based on the model of consumer choice, what should this consumer do to maximize utility? Purchase fewer shirts and more jeans. Purchase more shirts and fewer jeans. Purchase only jeans. This consumer is already maximizing utility. Purchase only shirts.Suppose that the indirect utility function takes the form(p, y) = f (p)y. What is the form of the expenditure function? What is the form of the indirect compensation function, p(p; q, y) in terms of the function f (.) and y?
- Consider an overtime rule that requires that workers get paid double for any weekly hours over 40. Draw a picture that shows how a worker decides how much to work. Label everything in your picture and explain what is happening. Consider an investment that costs $100 and pays back $10 each year as long as the person making the investment is alive. Construct an equation for the net present value of the investment. An individual has a utility function, U = AX1 X2 where X1 and X2 are consumption of goods 1 and 2. The individual also faces a budget constraint. Show mathematically how an increase in Aa§ects the individualís decisions about consumption of each good.Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change.Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you have no income. You have no ability to borrow or lend, so your consumption, c, is simply equal to your income. Assume that your optimal choice of consumption and leisure is to work 8 hours per day. Illustrate this choice diagrammatically using the feasible set and indifference curves.