Describe the difference between how Economic Expansion and Economic Growth can be displayed on the Production Possibilities curve. Be specific (do not guess).

Q: Apple wants to launch a new product. it is observed that the fixed cost of the new product is $35,00...

A: Fixed cost=$35,000 Variable cost=$500 Revenue function= 5000D-100 D2

Q: Identify the intellectual revolutions that created paradigm shift. (100 words only)

A: Intellectual revolution: There are many measures that have been taken in order to provide knowledge ...

Q: what is the role of tarrifs in Japan?

A: Tariff is a form of tax which is imposed by the government on the products and services which are im...

Q: Fill in the blanks: ndicate whether the following statement is a positive or normative statement: Th...

A: Positive statements are those statements based on facts, actual data. The validity of these statemen...

Q: If the government eliminates a tax on a good with a perfectly elastic supply, who benefits most? O A...

A: If the government eliminates a tax on a good with a perfectly elastic supply ,who benefits most.

Q: nsider the economic model: Yt Ct +i %3D Ct myt-1 it act-1 here y is GDP, c is consumption, i is inve...

A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...

Q: Required information Use the following information for the Exercises below. (Algo) [The following in...

A: Break-Even Units can be calculated using the following formula B.E Units = Fixed Cost / Contribution...

Q: 3. Discuss some problems with using the unemployment rate as a barometer for the health of the labor...

A: ANSWER:            When we consider the official unemployment rate it simply divides the number of p...

Q: Prohibiting the affordable housing lottery winners from subletting their apartments . . . (a) Essent...

A: Prohibiting the affordable housing lottery winners from subletting their apartments means to ban the...

Q: The demand function for FreshFood Exclusive Brand's product is D = 80 - 2p , where D is the number o...

A: Demand function D = 80 -2p => p = (80 -D)/2 => p = 40 - 0.5D ------------------ Total revenue ...

Q: In the market for candy, researchers have estimated the following demand and supply curves. Demand: ...

A: Given  Demand :P=8-Q100         .... (1) Supply: P=3Q700         .... (2)  

Q: A student loan with a simple annual interest rate of 2.5% must be paid back in ten years. A student ...

A: We have given that the interest paid by the student for the loan = 2000 Rate of interest r=2.5% and ...

Q: t is the property of indifference curve that no two ICs can intersect each other because:   a. same ...

A: According to the ICs property that two ICs cannot intersect each other-  The arcs of indifference ca...

Q: For K > 0 andL > 0, the production function F(K,L) = 2KL + K has a. increasing returns to scale b. d...

A: It has given that, K > 0 and L > 0 Now,F(K,L)=2KL+KAs K>0 and L>0lets assume K=2 and L=2...

Q: Part A Assume that m the required reserve ratio is 10 percent of checkable deposits and banks lend o...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: When a tax is placed on the sellers of cell phones, the size of the cell phone market a. and the eff...

A: Given:- Tax placed on cell phone seller To determine:- Size of cell phone market=?

Q: An increase in supply and a decrease in demand occur in a market. What happens to the equilibrium pr...

A: D.) The equilibrium price decreases; the change in the equilibrium quantity is uncertain. Option "D"...

Q: for decrease) in Figure 38.4. 12. Circle the correct symbol ( T for increase,

A: Since you have posted multiple questions, we will answer the first question for you. If you want to ...

Q: 1. Consider the strategic form game represented by the following bimatrix, where player 1 is the row...

A: The given matrix is:

Q: An annual fixed operating cost of P10,000,000 is incurred by a Medical Devices Manufacturing Company...

A: The Break even point is the state where any firm is earning zero level of profit. It would mean that...

Q: A tax A) places a wedge between the price paid by the buyers and the price received by the sellers. ...

A: Whether the tax is imposed on buyers or sellers, the effect of the tax is same. It leads to ineffici...

Q: S. D. D. 11 S. D. D. S. D.

A: Graph no. 7 and 12 (both are same) best fit for this article

Q: Given the following individual demand and supply equations for onions: Qd = 40 - 3P Qs = -20 + 5P Re...

A: Demand curve shows the negative relationship between price and quantity demanded whereas supply curv...

Q: 3. Effects of rent control Rent controls force landlords to price apartments below the equilibrium p...

A: Rent control is the price ceiling that sets the maximum rent that can be charged. It is imposed to p...

Q: Given the two machines' data Machine A Machine B First Cost P8.000.00 P14,000.00 Salvage value 2,000...

A: Given that;   Machine A Machine B First Cost 8000 14000 Salvage Value 0 2000 Annual Operati...

Q: What is social commerce? Disscuss which industry in GCC can adopt social commerce? Justify your answ...

A: Once a product is manufactured, cost has to be initiated and process of business follow ups. Busines...

Q: Say that the average worker in Argentina has a productivity of $15 per hour wh average worker in Bra...

A: Given the productivity of Argentina = $15 per hour The productivity of Brazil = $14 Time period = 5 ...

Q: Select the correct one : Q-1) President Biden wants to increase the estate tax (the tax on wealth w...

A: An estate tax is a levy levied on estates whose value exceeds a statutory exclusion limit. Just the ...

Q: What is the ordinary interest on P1,350.75 for 163 days at 3.5%?

A: Given information, Principal amount (P): P1,350.75 Time period (t): 163 days Interest rate (r): 3.5...

Q: In an eight-hour day, Andy can produce either 8 loaves of bread or 24 kilograms of butter. In an eig...

A: Given production possibility schedule   Bread produced in 8 hours Butter Andy 8 loaves 24 Kg ...

Q: A. The price of gasoline increases from 16 per barrel to 30 per barrel and as a result, the demand p...

A: NOTE: We’ll answer the first question since we only answer up to 3 sub-parts, we’ll answer the first...

Q: Consider the strategic form game represented by the following bimatrix, where player 1 is the row an...

A: The given matrix is:

Q: . Productivity of land can be raised by

A: To find : What can be raised by productivity of land. 

Q: Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board ...

A: Present worth is the worth that has more value today than in the future. It means the money value is...

Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...

A: Present Worth of the project is given by, PW=80000(1+11+0.06+1(1+0.06)2+....+1(1+0.06)9)=P 624135 Be...

Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...

A: Given information, Annual fixed cost: P500,000,000 Variable cost per board: P1,400 Selling price pe...

Q: Under which stage of the product life cycle, price as a lead variable is particularly appropriate wh...

A: The product life cycle has five stages: Introduction Growth Maturity Decline, and Abandonment

Q: The bulk of government expenditure flows into two main areas of responsibility: education and  healt...

A:   Meaning of Production Possibility Frontier: The term production possibility frontier refers to the...

Q: TC = 0.1q², where q is the restaurant's weekly production of "dish of the day". b) Show that the mar...

A: The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It i...

Q: SOLVE AND GRAPH THE PROBLEM. What is the present worth of two P100 payments at the end of the third...

A: Given Third year-end payment = P100 Fourth year-end payment =P100 Annual rate of interest =8%

Q: AGGREGATE PLANNED OUTPUT/INCOME CONSUMPTION INVESTMENT   2,000 2,100 300  2,500 2,500 300  3,000 2,9...

A: Savings=Aggregate planned output/income -Consumption Unplanned Investment= Savings-Investment   A...

Q: Why do you think that unemployment rates are lower for individuals with more education?

A: Education plays a very significant role in increasing the cognitive skills, efficiency and knowledge...

Q: Refer to Figure 10.2. Which line represents earnings? Goods Next Year 360 275 110 100 120 140 Goods ...

A: The budget line is defined as all combinations of two commodities that are affordable by the custome...

Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What a...

A: Loan Amount = 95,000 Days = 240 rate = 12.3%

Q: As we talk about development economics, it is concerned with _____. a. efficient allocation of scarc...

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

Q: All of the following questions may benefit from engineering economics, except for A Determining how ...

A: Questions which benefit from engineering economics are as follows: 1) Determining which projects are...

Q: The term footing refers to the O Process of posting O Addition of column of figures O Process of obt...

A:   Footing is the end balance when we sum all the debits and credits. Debits are tallied, followed by...

Q: Use the black point (plus symbol) to indicate the equilibrium price and quantity of tablets. Then us...

A: Equilibrium occurs at the intersection point of the demand and supply curve.  Consumer surplus is th...

Q: If demand is :Qd = 850 - 10 P and supply is: Qs = 50 + 20 P Where: Qd = quantity of the good demande...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: Producer surplus for an individual and a market Suppose the market for apple pie is a perfectly comp...

A: The producer surplus is the difference between the market cost and the least cost a producer is will...