Economics Question

Q: A donut shp has a fixed cost of $92000 per day and a varibale cost of $2 for each donut produced. If...

A: Fixed cost per day is $92000 Variable cost for each donut is $2 Price for each donut is $5 For price...

Q: Excel it early and correctly

A: Apples--X, Banana - Y Utility : U = 0.5XY

Q: After the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in the next 2 years, ...

A: A 3 days meeting was organized by WTO in the year 1999 at Seattle. The agenda of the meeting was mul...

Q: What are the characteristics of a good economic model?

A: Characteristics of a good economic model: 1) The acquisition cost is low compared to the cash flow t...

Q: Q) Discuss the effect of Purchasing power Parity and Interest Rate Parity on Exchange Rates.  Explai...

A: According to the Purchasing power parity concept, the exchange rate is in equilibrium when a bundle ...

Q: What do economists believe to be the ultimate goal of a firm operating under capitalism?  Is this go...

A: Capitalism is an economic system in which goods and services are produced based on the supply and de...

Q: Intelligent Inc. specializes in the manufacture ofcomponents for personal computers. Managementhas d...

A:

Q: Where supply meet demand

A: a. A market is a place where the buyers and sellers interact with each other and the exchange of goo...

Q: Question is in the photo

A: The PPC is the production possibility curve that illustrates the different combinations of two commo...

Q: Utility function: where p,=1, p;=2, Y=80 U=X0.75*70.25 • Use the Langrangian method to find optimal ...

A: Part A) The equation of Budget constraints: X.Px+Z.PZ=Income(M)1.X+2.Z=80 Now, combining the BL and ...

Q: Define and explain the relationship between total utility, marginal utility, and the law of diminish...

A: Law of diminishing marginal utility states as other factors are constant, rise in consumption will l...

Q: Question is in photo

A: The university theater faces the demand curve D0. Now, if the price is $5 the quantity of movie tick...

Q: Compare and contrast major styles of leaderahip

A: There are major 4 style of leadership- i) Transactional Leaders Are Directive Style: People who need...

Q: You are given the following information about a closed economy with no government: Consumption = 115...

A: Consumption Function: Consumption functions shows the relationship between income and consumption. F...

Q: In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was $95,000 in year 1, wh...

A:     Meaning of Consumer Price Index: The rate of inflation is measured on the basis of price indices...

Q: What is price discrimination? From the perspective of running a business, is this a good thing or ba...

A: When similar goods or closely related products are sold at different prices in different markets or ...

Q: Your former neighbor gave you his lawnmowerwhen he moved. You are thinking of using this giftto mow ...

A: Opportunity costs represent the foregone value of the highest valued alternatives of goods and servi...

Q: Disney just raised its 3 day 3 park pass from $110.00 to $121.00. Sales fell from 4,000 per week to ...

A: P1= $110.00  P2 = $121.00 Q1 = 4,000 per week Q2 = 3,000 per week

Q: Discuss how the value of a currency under flexible exchange rates is determined?

A: Answer: Introduction: The exchange rate refers to the price of one currency in terms of another curr...

Q: Could a person or country ever produce a combination of goodsthat lies outside the production possib...

A: Production possibility curve is defined as the combinations of different outputs with given amount o...

Q: Define economic growth and discuss its utility at the scale of one country and at the global scale.

A: Economic growth is the rise in overall level of output of an economy. The most common way to measure...

Q: A change in which of the following will NOT shift thedemand curve for hamburgers?a. the price of hot...

A: Determinants of demand are  price of the good (P),  Price of related goods (Pr) , Future expectation...

Q: Production capacity of neck process. There are two alternatives, a and B. The annual fixed cost of s...

A: Fixed cost of scheme A = $40000 Variable cost of scheme A = $10 per piece Fixed cost of scheme B = $...

Q: I need help with C, D, E, F, and G

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the consumer’...

Q: Seeing a golden opportunity to increase its revenue, assume the City of Boston has decided to levy a...

A: When a tax is imposed on every unit of quantity sold, then the tax burden is shared by the seller an...

Q: 1. Assume that the demand for cigarettes is Qd=1600-30P and the supply of cigarettes is Qs=1400+70P:...

A: Hello. Since you have posted multiple parts of the question and not specified which part of the ques...

Q: 1. The market for manicures and other nail treatments is very competitive. How would the following d...

A: In a competitive market, the supply of any item is affected by various market factors such as govern...

Q: Suppose that an increase in the price of a good leads to an increase in total revenue. Ignoring othe...

A: Total Revenue: The term total revenue refers to the amount that is received by selling the output. I...

Q: . What are the three major types of unemployment? What are their causes? Discuss the costs associat...

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: The Acmeville Metropolitan Bus Service currently charges $0.67 for an all-day ticket, and has an ave...

A: The simple percentage change method of the price elasticity of demand is, PED=% Change in the quanti...

Q: For each of the pairs below, determine whetherthey are positively correlated, negatively correlated,...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: A consumer buys Bread (B) and Milk (M) each week at prices of Rs. 10 and Rs. 8 respectively. Suppose...

A: Principal of equi-marginal explains well the situation of consumers equilibrium. It is through this ...

Q: Is the elasticity for Corn flakes cereal is greater of less than the elasticity of cereal in general...

A: Products which are necessary/essential in nature have elasticity of demand(ed) greater than those pr...

Q: 5. Opportunity cost and production possibilities Juanita is a skilled toy maker who is able to produ...

A: Given table:

Q: If Clytemnestra consumes nothing but Purple Carpets and Eggs, and Carpets are an inferior good, then...

A: Inferior goods are those goods that demanded less when income increases and demanded more when the i...

Q: Identify four macroeconomic issues that are essential tounderstanding the behavior of the economy.

A: Macroeconomics is the division of economics that talks about the economy as a whole. In this, the wi...

Q: Assume the market basket contains 10X, 20Y, and 45Z. The current-year prices for goods X, Y, and Z a...

A: CPI or the consumer price index is a statistical measure which calculates the price level changes of...

Q: If the Federal Reserve buys dollars in the foreignexchange market but conducts an offsetting openmar...

A:   Meaning of Foreign Exchange Rate: Foreign exchange rate refers to the rate at which one unit of cu...

Q: You have an 8:30 class this morning but you are feeling extremely tired. How do you decide whether t...

A:   Opportunity cost is defined as the price of the benefits you could have got had you not made your ...

Q: Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she p...

A: Income elasticity of demand explains the sensitivity of consumer’s demand for any commodity due to c...