Describe Process Mapping?

Q: Discuss the items you would include to figure out the opportunity cost of a vacation to Northern Pak...

A: The opportunity cost refers to the giving up benefits in the process of obtaining some other benefit...

Q: just answer b,c,d

A: The amount of goods that a consumer can purchase over a given period of time is limited by the consu...

Q: What are our nations major macroeconomic goals? Are they in conflict with each other ?

A: Macroeconomics refers to the behavior of the entire economy. macroeconomics can be defined as a stud...

Q: Advantages of Centralized/Center-led PurchasingStructures

A: Centralized purchasing is a system in which all sorts of inputs and services are provided through a ...

Q: Identify and explain the main factors that contributed to the financial crisis of 2007-2008.

A: Financial crisis refers to a situation in which investors sell their assets and withdraw their money...

Q: Complete the following table by indicating whether each of the statements is an example of a price c...

A: Price floor is a minimum price at which a seller can sell a commodity. The government uses a price f...

Q: Imagine the demand function for apples is: QD = 24 - 4PD If the market price for apples is $3, what ...

A: QD = 24 - 4PD PD = 6 - 0.25 QD Given - Price = $3 QD = 24-4X3 = 12 units

Q: 1. Identify the Nash Equilibria and Subgame Perfect Nash Equilibria in pure strategy of this game.  ...

A: In this game backward induction cannot be applied because it is not a perfect information game. It i...

Q: Should a nation’s income be distributed to its members according to their contributions to the produ...

A: "Since you have asked multiple questions, we will answer only first question for you. If you have an...

Q: a. An economy is initially at the natural level of output. There is an increase in government spendi...

A: IS-LM Model: Economist like, Hicks and Hansen have explained the integration of the real and money m...

Q: Calculate income elasticity of demand when the income increased by 30% and consumption of the good i...

A: STEP: 1 YED (Income-elasticity) is calculated as follows: The negative sign of YED suggests that th...

Q: Please help, with explanations! 1. In the Pure Specific Factors model with two sectors, Cars (C) and...

A: The Richardo-Viner model, also known as the specific factors model, assumes an economy to be produci...

Q: If the countries that export oil to the rest of the world decide to increase the price per barrel of...

A: The maritime and land transport requires the oil to carry on their operations. The ships as well as ...

Q: Two goods have a cross-price elasticity of demand of 1.2:   Would you describe the nature of goods?...

A: Cross price elasticity of demand for two goods is given as 1.2 It can be defined as the changes in t...

Q: Price per Ice-cream (Rs.)         Demand for Ice cream (Qd)   Supply for Ice cream (Qs) 140         ...

A: Equilibrium in economics is the state of stability and balance. Any deviation from this level will y...

Q: Quest Which quote best represents a person performing a cost-benefit analysis? O A. I want to hire a...

A: Answer: Correct option: (B) Explanation: Cost-benefit analysis: Cost-benefit analysis refers to the ...

Q: Which statement below is true of ONLY fiscal policy? Uses government expenditures to create demand...

A: The fiscal policy is the policy of the central government regarding the taxation and the government ...

Q: Explain it early and correctly.  Not copy paste

A: Generally firms are raising capital in two means that is debt and equity. Debt is the loan amount th...

Q: Consider the following production function                                                          ...

A: MPL or the marginal product of labor can be calculated through the differentiation of the total prod...

Q: Suppose that the last dollar that Victoria receives as income brings her a marginal utility of 10 ut...

A: Marginal Utility is defined as change in total utility due to one unit change in income or wealth. M...

Q: Agree or Disaster. All economic growth is good.

A: Economic growth is good for every economy. Because of rising income, the people will enjoy a better ...

Q: Calculate the present value of a $1,300 discount bondwith seven years to maturity if the yield to ma...

A: Formula for calculating present value is shown below. Present value = Future value / (1 + interest r...

Q: “The federal funds rate can never be above the discountrate.” Is this statement true, false, or unce...

A: True The federal fund rates can never be above the discount rate as in this transaction market, the ...

Q: Diluted Happiness: Consider a relationship between a bartender and a customer. The bartender serves ...

A: The simultaneous game (or the stage game or the base game) has a unique Nash equilibrium where x = 0...

Q: If a real estate agent sells a house for 364,217 dollars that the previous owners had bought 13 year...

A: GDP (Gross domestic product) refers to the total value of finished goods and services that produces ...

Q: Please answer the question below

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...

Q: Suppose the French suddenly develop a strong taste for California Coca-Cola. Answer the following qu...

A: a) If the French suddenly develops a strong taste for California’s Coca-Cola, so the demand for the ...

Q: Use a demand-and-supply model to explain the impact of occupational segregation or “crowding” on the...

A: Occupational segregation is the distribution, based on demographic factors, most often gender, of wo...

Q: All MegaCorp employees who stay on the job for more than three years are rewarded with a 10 percent ...

A: Perfect information is considered a commodity and is important as it does not allow anyone to take a...

Q: Suppose a consumer has a monthly income of m = 100 which she spendson two commodities: french fries ...

A: Given: The monthly income of a consumer is 100. The price of french fries (X1)  is 2 The price of ...

Q: How can you interpret the PPF slope?

A: Production Possibility frontier (PPF) represents the trade-off between two goods. In order to produc...

Q: In 2015, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the U...

A: Bill Gates, the richest person in United States and his wealth was estimated around $76 billion in 2...

Q: Define the term, “inflation” and indicate the index that is used to measure the rate  of inflation.

A: Inflation: The term inflation indicates the rise in the price of goods and services. The goods can b...

Q: Explain it correctly.  Not copy paste anything solution

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...

Q: Sales are a function of advertising in newspapers and magazines (X, Y).                  S = XY2 Pri...

A:

Q: What is the minimum price that producer is willing to accept for 1500 bottles? and Discuss the items...

A: Hi, thank you for the question. As per the guidelines, we are allowed to attempt only first question...

Q: Describe how equilibrium is found. Describe how a shift of the demand or supply curve  can effect eq...

A: Answer: Equilibrium is the point where the quantity demanded and quantity supplied of a good is equa...

Q: Diagram a market in which the equilibrium dollar price of 1 unit of fictitious currency zee (Z) is $...

A: Given the equilibrium dollar price = $5 Equilibirum exchnage rate , $5 = Z1

Q: Why is a quota more detrimental to an economy than a tariff that results in the same level of import...

A: "Since you have asked multiple questions, we will answer only first question for you. If you have an...

Q: Consider the following production function                                                          ...

A: a)To maximize the value of TP: So as to maximize the value of TP, MP has to be zero, which gives:

Q: What have been the major causes of the large U.S. trade deficits in recent years? What are the major...

A: "Since you have asked multiple questions. We will answer only first question for you. If you have an...

Q: Q4) A perfectly competitive firm has the following total cost function:                             ...

A: Perfect competition refers to the market structure which features more number of sellers and buyers ...

Q: Answer the next four questions based on the following data using year 1 as the base year.  All dolla...

A: Consumer Price Index(CPI) is a representative price for all the commonly used goods and services by ...