Derive an IS curve that is highly interest rate elastic. Make sure to graph the Investment schedule and the savings schedule along with the IS curve.

Q: Draw a perfectly price inelastic demand line. Then draw a supply increase. was affected more, price ...

A: A inelastic demand curve represent a demand that is not much responsive to change in the price of th...

Q: Which of the following government policy will not have long term effects on th economy. O the Canada...

A: The one government policy that will not have any long term effects on the economy is that the Canada...

Q: income and the price of smartphones have influence on the demand for tablet computers, the leftward ...

A: 1. To some extent economics is about trade-offs. TRUE Economics is about trade offs only. The study ...

Q: An investment of P 250,000 can be made in a project that will produce a uniform annual revenue of P ...

A: Given that, First cost =P 250,000 Operation and maintenance=P 72,000 per year Taxes and insurance wi...

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or long explanation....

A: "A tax is a necessary fee or monetary charge imposed by a government on an individual or an organiza...

Q: MODIFIED TRUE or FALSE. Write “T” if the given statement is TRUE, correct and valid. Write “F”, if o...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: There is evidence that income per worker is converging in A) the richest countries and the poorest c...

A: The measure of the amount of income that is being earned per person in a geographic region or nation...

Q: Write down the three mai and core points of Criticism of Marshallian View?

A: Lionel Robbins spearheaded a direct assault against the Marshallian perspective. The primary grounds...

Q: Which of the following best describes a progressive tax system? It redistributes income from lower i...

A: Progressive tax system is a system where people with higher incomes be higher taxes and people of lo...

Q: THE PRISONERS' DILEMMA: APPLICATIONS Which of the following phenomena are common mechanisms for sus...

A: A prisoner's dilemma is a situation in which individual decision-makers are always tempted to make c...

Q: All other things being equal, an decrease in the oil price will cause O the AD to shift up to the ri...

A: Aggregate demand is defined as the measurement of demand for finished goods and services produced in...

Q: Enumerate 6 classification of systems based on the dominant characteristics of Economic system with ...

A: The means through which governments organize and distribute services, resources, and goods across a ...

Q: An individual has a vNM utility function over money of u(x) Vx, where x is final wealth. She current...

A: The utility function is a fundamental economic concept that measures preferences for a variety of go...

Q: Player 2 y 1,3 1,1 0,2 Player 1 b 3,1 2,2 1,0 C 0,2 1,2 3,0 If both player 1 and plater 2 are ration...

A: We will find the pure strategy nash equilibrium for this question. So, we have: If Player 2 chooses...

Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 19,1 80,70 a...

A: Mixed strategy games are those in which players choose any strategy based on a probability distribut...

Q: CLASSES OF GAMES Consider the following game in strategic form. bị b2 b3 a1 7,7 4,8 1,9 a2 8,4 5,5 2...

A: When each individual follows their own self-interest, the outcome is worse than if they had both col...

Q: Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequality...

A: The forum that engages business, political, and other social leaders for shaping regional, global, a...

Q: ) In 2021, Jay purchases a car for $22,000. The value of the car depreciates (exponentially decrease...

A: The above question is based on the calculation of Depreciation. Depreciation refers to the fall in t...

Q: Explain some of the possible reasons why consolidations, mergers, and acquisitions occur.

A: 1. Only those businesses who can demonstrate their ability to flourish in a cutting-edge environment...

Q: A monopolist produces an output level Q1 = 200 where marginal revenue is equal to marginal cost. At ...

A: Given; When MR=MC, Q1=200 P1=$300  ATC= $250 •    MC=MR at $100.•    Marginal revenue is $0 at Q2 = ...

Q: Select the incorrect statement/statements about the co−operative banks in US from the given choices,...

A: Answer: The correct option is: 1: Co –operative banks are small−sized units organized in the co−oper...

Q: Find all Pareto optimal allocations, the egalitarian allocation and the competitive equilibrium with...

A: Pareto efficient/optimal allocation refers to the point deviating from which no one could be made be...

Q: Jacob manages a cloth manufacturing firm. He is deciding whether or not to invest in new machinery. ...

A: Net Present Value is the present value of all future cash flows of any investment. It is given by th...

Q: Accordingtothetextbook,whichofthefollowingstatementsis(are)correct? (x)  When a taxpayer attempts t...

A: Taxation refers to the compulsory charge which the citizens of the country have to pay to the govern...

Q: tuition and fees for an in-state full-time student at the University of Hawaii at Manoa increased fr...

A: We have, Tuition fees (2010-11)=$8,095 Tuition fees (2017-18)=$11,754 Years 2000 2001 2017 2018 ...

Q: 12. A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were...

A: The dollar amount of revenue at which a company earns a profit of zero is referred to as break even ...

Q: what do you think are the major implications of Ukraine-Russia crisis? Consider a particular good or...

A: A Russian military buildup on Ukraine's border is planned for 2021 and 2022. This heightened tension...

Q: Briefly distinguish the specific tax and Ad Valorem tax?

A: Taxes are primary source of income for the government.  

Q: A country's level of trade is measured by exports as a percentage of GDP.

A: The level of commerce in a country may appear to be similar to the balance of trade at first glance,...

Q: GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [...

A: Given that, Countries X and Y each produce $2,000 of goods and services per year. Country X experien...

Q: Cailculac Carg's gntmal undleit Corl norrly price Bice, po hay nrice This is wunclle A shaw on cliag...

A: The consumption bundle is optimal when the following condition holds,MU1 / MU2 = P1 / P2Where, MU1 =...

Q: 40 The following cost data is for a firm which is selling in a perfectly competitive market It the m...

A: In perfectly competitive market prices constant so it is equal to marginal revenue. Profit is maximi...

Q: Write the professor Knight's view about the " Uncertainty Bearing" Theory of profits?

A: Answer: According to Prof. Knight's conceptual  framework, the entrepreneur's specific function is t...

Q: Consider the following work breakdown structure: Start Finish Tâme Estimates(wks) Activity Node Node...

A: The standard deviation is a measurement that calculate the scattering of a dataset comparative with ...

Q: 7. ( equilibrium which allows them to relax price competition. ) In markets in which products can be...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: When comparing elasticity of demand, it can be said that inelastic demand is when coefficient of ela...

Q: small a small open economy, illustrate how a fiscal expansion (such as an increase in government spe...

A: Fiscal Expansion is defined as the government spending is higher than their revenue, this condition ...

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples ...

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers. ...

Q: irst Player can invest $1.00 with Second Player (low reliance) or $2.00 (high reliance). Based on th...

A: The dominant strategy is the strategy that shows the possible outcomes of the event happening. The d...

Q: 35) What is the firm’s efficient scale?  A. the quantity of output that minimizes average total cos...

A: (35)  A firm's efficient scale implies the production of output such that it minimizes the average t...

Q: What are the scale and substitution effects for this firm? Calculate them, and show them on a graph.

A:

Q: 4A. Construct a labor market with perfectly inelastic demand that is kinked at wage w*. 4B. Constru...

A: In the labor market, demand curve is downward sloping and supply curve is upward sloping, based on t...

Q: 2. More on Bertrand There are two firms in the market, A and B, producing the same output. Market de...

A: Given information Market Demand function Y=17-P Both firms are producing same output P<=17 Total ...

Q: If an investment has an estimated cost of £1000, and it offers £550 the first and the second year af...

A: The internal rate of return (IRR) is the interest rate that makes the net present value (NPV) zero. ...

Q: React to the statement below: “The glory of globalization could also be its downfall.”

A: Globalization refers to the process of integration of the economies of world. This integration invol...

Q: 2. Most development economists now seem to agree that the level and rate of growth of GNI and per ca...

A: There are many factors that will describe whether an economy is developed or not. Some factors are p...

Q: Suppose a country currently has a total debt of $13 million. If its GDP in the current year is $7 mi...

A: Debt = 7% of 13 million = (7/100)*13000000 = 910000 Now we have to find out how much percent is 9100...

Q: Assume the definition of deductible elasticity that gives non-negative figures for normal demand. A ...

A: Elasticity Elasticity is a term that refers to describe how a percentage change in one economic vari...

Q: A firm has the following production function: f (E, K) = EiK Which means they have the following mar...

A: A firm maximizes profit by hiring the number of workers to the point where marginal product of the i...

Q: Price 10 9 8 7 6 5 4 2 1 D 10 20 30 40 50 60 70 80 90 100 Quantity a. Suppose this market exists as ...

A: