Define the concepts of public good, non-excludable, non-rival, and tragedy of the commons.

Q: If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much…

A: First, we need to find out the monthly interest rate and need to apply the same for a year on the…

Q: Voluntary risks have to do with lifestyle choices. They are the risks that people take knowing that…

A: Voluntary risk is a hazard related risk with activities that is intentionally endured in exchange…

Q: 25. What will happen to the price and quantity of footballs as a result of an increase in the price…

A:

Q: In 2014, a devastating typhoon hit the Philippines, destroying roads and buildings, and killing…

A: The value of all goods and services generated by an economy in a very given year is reflected in…

Q: By providing an example, explain three factors that might shift the demand curve for a product…

A: Demand is the quantity theta. Consumer are willing to pay for it at certain place and time .  It is…

Q: certain copier machine cost P150000 with a trade-in value of P15000 after making 800,000 copies.…

A: *Answer:

Q: 3. The world price of sugar is $.10 per lb., but import quotas raise the U.S. price to $.225 per lb.…

A: Tariff equivalence quota means refers the same impact and rise of price in he domestic country in…

Q: b) Find the values of y when Uj = 4 and when U2 = 6 for x-values of 0, 1, 2,..., 8. The utility…

A: Utility function can be defined as the measure for a group of goods and services preferred by…

Q: 3. The demand curve and supply curve for one-year discount bonds with a face value of $1,050 are…

A: The demand curve is a graph that shows how the price of a commodity or service changes over time in…

Q: A currency exchange rate is the O price of a foreign currency, indicating how much a unit of foreign…

A: Exchange rate measures units of one country currency required to get one unit of another country…

Q: Compute the long-run costs in the following table. The price per unit of capital is $50 and per unit…

A: Given: Price per unit of capital=$50 Price per unit of labor=$30 The durable goods that are being…

Q: Zyleron Corp. shows monthly fixed costs of RM 37,210 and a per-unit cost of RM 34.79. It sells 275…

A: Break even price are those price at which the firm earn only normal profit . Normal profit refers to…

Q: Table 17-1 Imagine a small town in which only two residents, Celia and Venya, own wells that produce…

A: A monopolist maximizes the profit and the given table show that the profit and revenue are the same…

Q: The government plans to stimulate the economy and is considering which of the two policies would…

A: Fiscal policy is the government policy which is used to control inflation and recession an an…

Q: Engineering Economics is the application of economic principles to the evaluation of engineering…

A: Engineering Economics is defined as a branch of Economics which involves in formulating, evaluating…

Q: Assume that a Malaysian commercial bank's bid quote of US dollar (USD) is RM4.1 and ask price is…

A: The correct answer is given in the second step.

Q: What is the future value of $4500 per year for 10 years invested at 5%? *   a. $56,600 b. $7,330 c.…

A: An annuity is the fixed amount of money invested at each time period.  The time period could be…

Q: Price Quantity (tickets per show) Total cost Big Top is the only circus in the nation. The table…

A: Introduction We have given a data of price of tickets and quantity of tickets for the big top…

Q: 24. Firas a university student, trying to convince his colleague Bilal that the aggregate demand…

A: "Aggregate demand represents the total demand for all finished goods and services produced in an…

Q: What is the future value of P10,000 per year for 10 years invested at 10%? a. P159,374 b.P138,824…

A: An annuity is a fixed amount of money invested at each time period, the time of period could be…

Q: You are a convenience store owner and you want to sell a chocolate bar. Its wholesale price is 60…

A:

Q: Consumer Type Number Spreadsheet Word Processor Both 1,000 100 150 250 B. 1,000 200 200 400 1,000…

A: A Monopolist always sells at a price when:       Price > Marginal Cost

Q: If a firm has an accounting profit it must have an economic profit. O True

A: Profit = total revenue - total cost

Q: 3. A manager has estimated the average variable cost (AVC) function for his firm to be: AVC= 60 -…

A: Answer; Level of output at which production is most efficient is 6.

Q: ction of these goods for 3 years are shown below along with their prices. If is the base year, the…

A: Nominal GDP is measures market value of goods and services using current prices whereas Real GDP is…

Q: Show that the study of Islamic macroeconomics intersects with the Islamic economic system!

A: 2. Islamic economics is the study and application of Shari'ah injunctions and norms. It avoid…

Q: Mitch raises chickens and sells eggs at the local farmer's market on Saturday mornings. A change in…

A: Here, it is given that Mitch raises chicken and sells its eggs at the local farmer's market.

Q: What is the equivalent annuity starting in year 1 and ending in year 5 for the following project…

A: First need to find the PV or FV and then convert to annual cash flow, also possible to use both…

Q: 3. The world price of sugar is $.10 per lb., but import quotas raise the U.S. price to $.225 per lb.…

A: Tariff equivalence quota means refers the same impact and rise of price in he domestic country in…

Q: 13. (Section 4.4) The weekly revenue, R(r), in thousands of dollars, t weeks after January 1st, for…

A: Revenue refers to the money that is generated from a specific business operation, that is calculated…

Q: Consider the following setup for a perfectly competitive market: Suppose that for the firm, TC…

A: The equilibrium is established where the demand and supply are equal.  Firm produces where the P=MC.…

Q: Assume that JMD $1.00 is equivalent to GYD $2.00, suppose that the GYD depreciated by 10%, what is…

A: The measure that depicts the value of one currency being measured in terms of another currency for…

Q: (a) Suppose that f is differentiable, positive and decreasing on [a, b] and has no critical points.…

A: Given,  f is differntiable, positive and decreasing on [a, b] and has no critical pointsIf g(x)=∫αx…

Q: 9. A machine costs $20,000 today and has an estimated scrap cash value of $2050 after ten years.…

A: According to the question, below information given that : Cost of machine today = $20, 000 Estimated…

Q: 1. A investment of x pesos with interest rate of 7% compounded annually will be retired at the end…

A: The amount of money that, if invested now, will grow in value over time at a particular rate of…

Q: Question 1 Given the following data for a country A for the year ended December 2021 Items RM…

A: The worth of a country's completed domestic products and services over a certain time period is…

Q: What are various transport investment projects currently underway in South Africa.

A: The various transport investment projects currently underway in South Africa are the followings:…

Q: What is the present value or price of a 10 year P20,000 annuity with an interest rate of 5%

A: Annuity is the series of Equal amount payment in equal interval . And it is not given that annuity…

Q: Discussed each of the tools used by the Central Bank of the Bahamas to control the fluctuation of…

A: Central bank is the apex bank of any country which control and regulates the entire monetary…

Q: Assume MPC = 0.7, MPM = 0.2 and the Keynesian expenditure multiplier is 1.75, then the MPT must…

A:

Q: Dornbusch model Use the full formal model to show what happens when there is an expansion in…

A: Dornbusch's (1976) overshooting model was groundbreaking, describing not only exchange rate…

Q: Zyleron Corp. shows monthly fixed costs of RM 37,210 and a per-unit cost of RM 34.79. It sells 275…

A: Total fixed cost is the cost that remains the same over a period of time. It means as output rises…

Q: What is the central-city dilemma?

A: Dilemma refers to something where a choice has to be made between two or more things which are…

Q: ᴀꜱꜱᴜᴍᴇ ᴛʜᴀᴛ ᴀ ᴛᴇxᴛɪʟᴇ ᴄᴏᴍᴘᴀɴʏ ɪɴᴄᴜʀꜱ ᴀ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴄᴏꜱᴛ ᴏꜰ $12 ᴘᴇʀ ꜱʜɪʀᴛ, ᴀɴᴅ ɪᴛ ᴘʀᴏᴅᴜᴄᴇᴅ 3045 ᴜɴɪᴛꜱ…

A: Production means the goods and services are produced by converting raw materials into finished…

Q: A man borrowed an amount of P684.255 to bank that offers an interest rate of 8.816% compounded…

A: Given Principle amount P=684.255 rate of interest r=0.08816 compounded continously time n=9 years

Q: The following table illustrates the multipler process In a prtvate closed economy: Change In Income…

A: The process that occurs when there is an initial injection into the circular flow which leads to a…

Q: The following equations describe an economy C = 750 + 0.75Yd | = 350 G = 700 X = 450 IM = 0.1Y T =…

A: Economy refers to managing available resources.

Q: A man receive 125,000 php credit for his old car when buying a new model costing 875,000 php. What…

A: Introduction Total credit from an old car = 1,25,000 php Credit comes under asset. So this is the…

Q: A series of cash flows are established on an account as listed below. - Payment of P1.325 at the end…

A: We have a set of cash flows: Cash flow of P1.325 at the end of the 2nd, 4th, and 7th year at an…

Q: If the economy goes into a recession and incomes fall, what happens in markets?   Question 2…

A: When demand for a good increases as income decreases, the good is referred to as an inferior…