Dally Supply and Demand: Oranges in Hurricane Alley 16 14 12 20 25 30 . better off than before and the buyer is If the supplier sels the tenth pound of oranges to the most eager buyers for $8, the seller is before. better off than
Q: According to a professor at the University of Massachusetts Amherst, plant-based foods are “a really...
A: Plant-based diets are "a pretty hot topic right now," according to a professor at the University of ...
Q: A machine is under consideration for investment. The cost of the machine is 28,000. Each year it ope...
A: The investment function shows the positive relationship between interest rate and investment. It mea...
Q: Commodity Unit January February Маrch April May ROOT CROPS Carrots 97,887 62,325 17,883 9,815 31,248...
A: Given information Pimentos is working under perfect competition P=$13.13 Q=3385
Q: Ross Inc. is considering two equipment alternatives to increase its production volume. The respectiv...
A: Given: Interest Rate=12%
Q: Two firms compete in price in a market for infinite periods. In this market, there are N consumers; ...
A: Note:- As per the honor code, we can only answer up to three subparts and as the exact one is not sp...
Q: u invest 100,000 in a company company will return to you 22,000 per year for 5 year you invest in th...
A: Given:- Amount invested in company = 100,000 Total Money received at the end of 5 year = 22,000×5 = ...
Q: The nation of Acirema is "small" and unable to affect world prices. It imposes peanuts at the price ...
A:
Q: Question 8 The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in ...
A: The correct answer is given in the second step.
Q: Consider the following demand and supply curves: Demand: Price = 100-5Qd Supply: Price 5Qs Given thi...
A:
Q: Refer to the above graph, showing the demand curve in a market. Say supply is perfectly inelastic at...
A: When the supply curve is perfectly inelastic, the producer will earn as much as he can. As supply is...
Q: What are the annual payments necessary to pay a $100,000, 12-year loan if the loan rate is 8 %? * O ...
A: In the question above, it is given that : Loan Amount = $100,000 Time period = 12 years Loan Rate = ...
Q: Discuss how the public provision of education can lead to less consumption of education than before ...
A: Public good implies a particular role for government. Economists define a public good as satisfying ...
Q: DARPA is planning to purchase a new machine.The initial investment required for this is $60000.The m...
A: Given Investment on machine = 60000 $ annual revenue = 1500 $ Annual expense = 500 $ Time = 6 years...
Q: A factory has production capacity of P12,000 units per month with an efficiency of 80%, a fixed mont...
A: Given:- Production capacity=P12,000 Efficiency=80% Fixed operating cost=P600,000 Material and labor ...
Q: Describe the steps taken in setting a final price.
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...
Q: Carefully explain the major differences between the Keynes and Fisher models of consumption
A: Many economists have their own viewpoint regarding the consumption Model, it explain the way of cons...
Q: ii. What is the slope of the budget constraint? Are the following combinations of goods in the affor...
A:
Q: Total product (meals per hour) 24 20 TP 16 12 4 2 3 5 Quantity of labor (workers) The figure shows t...
A: Total product shows the relationship between output produced and number of input hired.
Q: Han Qing-Jao Is exporting from Taiwan to the United States for the first time and she is concerned a...
A: Currency risk refers to the risk of volatility in the exchange rate in international trade. A sudden...
Q: What is the present value or price of a $150 annual perpetuity if the returns on similar contracts a...
A: Given; Value of annual perpetuity= $150 Discount rate= 7% Formula to calculate present value:- ...
Q: Dolls are fabricated in a process with two resources. The first resource has a capacity of 1.5 dolls...
A: The correct answer is given in the second step.
Q: If workers look around and see prices rising more quickly than they had planned for, what is the lik...
A: Pay adjusted for inflation, or wages expressed in terms of the number of goods and services that can...
Q: In 1986, the U.S. Congress enacted a regulation (PL99-509) requiring railroads to disclose contractu...
A: Contractual arrangements with grain transporters became more open when the Act passed. Following the...
Q: Lorenzo has the following labour supply curve: Labour Supply LABOUR (Hours) between w3 and w1 betwee...
A: The graph shows backward bending labor supply where labor supply is initially upward sloping and the...
Q: I deposit £250 in a high-earbing account paying 9% compound interest and leave it for three years. W...
A:
Q: Assess and illustrate the impact on the market for hot peppers (100's) if the government decided to ...
A: Price ceilings serves in preventing a price from rising above a certain level set. If the price ceil...
Q: Is there movement toward mixed systems in socialistsocieties?
A: Concept: A mixed economy is a system that implies a combination of capitalism as well as socialism....
Q: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that w...
A:
Q: 1. Definition of economic costs Larry lives in New York City and runs a business that sells boats. I...
A: Economic cost is the sum of all losses of any goods with a monetary value attached to them by any si...
Q: Assume that the banking system is loaned up and that any open-market purchase by the Fed directly in...
A: Given; Required reserve ratio= 0.2 Worth of government bonds purchased= $2 billion Formula of multip...
Q: e. Dan is Kim's colleague. Michelle assigns Kim and Dan to work on a joint project, which can be des...
A:
Q: Total product (meals per hour) 24 20 .... TP 16 12 8 4.
A: TP -> total production MP -> marginal product AP -> Average product -----------------------...
Q: 8. In many developing nations, young women have historically had lower school enrollment rates than ...
A: Below are the points to be considered: *Growth of GDP depends on the resources of a country. *More e...
Q: what factors affect the equilibrium exchange rate in the foreign exchange market? use the appropriat...
A: A foreign exchange market is the market where one country's currency is exchanged for another currec...
Q: Note: Plot your points in the order in which you would like them connected. Line segments will conne...
A: Labor Output Marginal product of labour Fixed cost Variable cost Total cost 0 0 0 50 40 (50+40)=9...
Q: How did the globalization change the Asian region?
A: As seen by the tremendous economic expansion of a number of significant Asian countries during the l...
Q: What is amount of gradient, if a business' present water consumption is estimated to be $15,000. Ass...
A: Arithmetic gradient series refers to the series of cash flow which can either increase or decrease b...
Q: Regression Analysis: Growth versus Water, Fertilizer The regression equation is Growth = B + ¢ Water...
A:
Q: are the poorest members of society the greatest beneficiaries in the Difference principle of John Ra...
A: The poorest members of society are not usually the most significant winners under the Difference Pri...
Q: 5. What best describes the optimal choice with ivision of time? a. Sleep the bare minimum, and spend...
A: 15. The optimal choice with the division of time is e. Sleep more than the bear minimum, and spend s...
Q: Table 2 Below is some hypothetical data on the labor market. Quantity Quantity Wage demanded supplie...
A: Minimum wage is an example of price floor where government sets a minimum price that must be paid.
Q: Based on estimates the data for 2 types of bridges with different lives are as follows. If the minim...
A: We have given MARR=9% Timber Bridge Steel Bridge First Cost P500,000 P1,400,000 ...
Q: Leroy purchased an Al-based robotics system with the first cost of $345,000, an AOC of $148,000 per ...
A: Given; Purchase cost of AI-based robotics system= $345000 Annual operating cost= $148000 per year Sa...
Q: What is the future value of $2000 per year for 5 years invested at 10%? * O a. $3,221. O b. $12,210....
A: Using an expected growth rate, future value (FV) projects the worth of a current asset into the futu...
Q: Keynesian Assault on Classical Economics: Why did a drastic change in the economic atmosphere of the...
A: Economics is the study of how the scarce resources of society are exploited. It is a social science ...
Q: The two principles that make a person a “Keynesian” consist of the ideology that the private economy...
A: Economics is the study of how the scarce resources of society are exploited. It is a social science ...
Q: The total product curve shows the relationship between total product a A) the marginal product. B) t...
A: Total product refers to the quantity of output that a firm produces using factors of production.
Q: In the texts provided about the major national/international issues/problems and their possible appr...
A: Introduction: According to a study by EU sponsored Migrant Integration Policy Index (MIPEX) Switzer...
Q: A certain machine has book value of P173,205.08 after 5 years and P82,187.59 after 8 years. The book...
A: Book value refers to the asset value as per the balance sheet account balance. It is the actual valu...
Q: Star Inc. is a firm selling its product in a perfectly competitive market. The market price is $10. ...
A: a. Quantity Price TR TC MR MC Profit(TR-TC) 0 10 0 5 - - -5 1 10 10 7 10 2 3 2 10 20 10...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- PDemand QDemand PSupply QSupply $10 0 $1 2 $9 3 $2 4 $8 6 $3 6 $7 9 $4 8 $6 12 $5 10 $5 15 $6 12 $4 18 $7 14 If the Government creates a quota of 6 units to reduce the consumption of the dangerous product, what will the price of the good be in the marketplace? How much deadweight loss is there? How much of the deadweight loss came from the consumers?Time remaining:00 :09 :39EconomicsUse the following to answer questions (29) - (31):In the town of “One Horse” there is one movie theater. Two groups of consumers, adults (A) andchildren (C), attend this theater. Suppose the demand for movies by adults is given by:QA = 50 - 0.50PA, where PAis price ofan adultmovie ticket(in cents)and QAis the numberofmovie tickets sold to adults atthe theater. Suppose the demand for movies by children is given by:QC = 20 - 0.50PC,where PCispriceofa children’s movie ticket(in cents)and QCis the numberofmovie tickets sold tochildren atthe theater. Also, imagine totalcostis fixed at$450, thus makingmarginalcostofprovidingonemore movie ticket to either an adult or a child constant at zero.[29]Ifthe movie theateris able to price discriminate amongits two groups ofconsumers, then itshouldcharge a higher price to group A.A.TrueB.False[30]Ifthemovie theateris able to price discriminate amongits two groups ofconsumers, then itsmaximum profit is closest in value…16. Consider a market in which high-quality and low-quality television sets are sold. Before consumers make a purchase, they do not know the quality of the sets , but the sellers do know . As compared to a situation where both consumers and sellers know the quality of the sets, this situation would ) A)cause no change in the ratio of low to high-quality sets sold B)increase the fraction of high-quality sets sold (C) increase the fraction of low-quality sets sold (D) cause the average price of goods sold to rise.
- cite example where the marketeconomy provides low -priced goods ans sevicesfor lower-income individuals and does so profitably, think of specific examples in the followinfg areas: hotels, air travel, restaurant, clothing, groceries, derinks, entertainment, and vacations.Given: QS = 140,000 + 36p QD = 200,000 – 24p 1. Compute the equilibrium price and quantity.If Sam is willing to pay $50 for one good X, $30for a second, $20 for a third, $8 for a fourth, and the market price is $10. What is Sam’s consumersurplus?a. $10b. $40c. $70d. $100
- 1. What sort of product is alcohol in economic terms if the government wants torestrict consumption of it?2. Analyze the social costs of alcohol consumption.3. Analyze the factors that would determine the impact of a price increase on theconsumption of alcohol4. Is introducing a minimum price a better way of reducing consumption than trying tochange peoples’ attitudes?Table 1Buyer Willingness To PayLori $50.00Audrey $30.00Zach $20.00Calvin $10.002. Refer to Table 1. If the price of the product is $15, then who would be willing to purchase theproduct?a. Lorib. Lori and Audreyc. Lori, Audrey, and Zachd. Lori, Audrey, Zach, and Calvin3. Refer to Table 1. If price of the product is $30, then the total consumer surplus isa. $-10.b. $-6.c. $20.d. $30.b) Discuss and explain the concept of positive return toscale showing it relationship with the quantity ofproduction.
- Q3. Mary works on a part-time job with a monthly income $300. She spends money only infitness centre and other goods represented as composite good with a price of 1$/unit. Thefitness centre membership costs her $50 per month, and she can work out in the centre up to20 visite per month for free. Each additional visit beyond 20 will cost her $5/visit. (Hints;assume that x is the fitnese centre visite, and y is a composite good $1/unit.] a) Write down and simplify Mary's budget constraint function(s).b) Draw Mary's budget line with clear labels,Qd = β0 +β1Psh +β2M+β3Pcg+β4Ax+ β5C Where, Qd = Quantity demand for a deluxe room in sh Psh = Price of a deluxe room in sh (US$/room) = US$. 200.00 M = Visitors per capita income (US$/Day) = US$ 120 Pcg = Price of a deluxe room in CG (US$/room) = US$. 150.00 Ax = Average advertising expenditure in sh (US$/room) US$. 18.00 C = Customer Satisfaction Index = 8.56 DV: Q R- Square: 0.86 T table value 1.671 No of obse: 62 F- Ratio: 154.15 Var Para Esti SE β0 127.8 49.6 β1 -1.3.0 0.42 β2 2.75 1.01 β3 2.55 1.21 β4 1.41 0.48 β5 1.85 0.23 a) Are estimated parameters comparable with economic theory? why ,What are the significant parameters that could be impact on the demand for a deluxe room b) Construct the Total Revenue (TR) function of Sh hotel and determine the TR maximize demand c) Calculate and interpret, cross-price elasticity, income elasticity, and advertising elasticity of demand for a deluxe room and Calculate Adjusted R2 and interpret it.Give typing answer with explanation and conclusion Education leads to public benefits above and beyond those enjoyed by individuals deciding on whether or not to enroll in college. The government is weighing an education policy intervention. In this context, which of these statements is true? a. Leave this market alone; it is efficient and welfare is already maximized. b. A Pigouvian tax on tuition will improve efficiency in this market by aligning private costs and social costs. c. Giving a tax break to families with children enrolled in college will improve market efficiency. d. College is already too expensive. Setting a binding price ceiling on tuition will improve market efficiency