Economics Question

Q: Show that indifference curves are (a) convex to the origin (b) cannot intersect one another? What be...

A: An indifference curve is a combination that represents the number of goods and services which provid...

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...

A: The socially efficient level of aggregate emissions is achieved when marginal abatement costs and ma...

Q: 8. A new company starts making tennis rackets.

A: If a new company starts making tennis rackets it means that there will be an increase in the total s...

Q: how do i solve Q-10?

A: Strikes are a form of refusal from the set of employees inorder to gain the concession of the employ...

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly l...

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for y...

Q: What are three textbooks definition of economics?

A: Economics is a science that studies the efficient production, allocation, and distribution of scarce...

Q: Q.1.7 If the marginal propensity to consume increases: (2)(1) The slope of the consumption function ...

A: Answer - Marginal propensity to consume -  the marginal propensity to consume (MPC) is defined as th...

Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly l...

A: A demand curve can shift so that more or less of the commodity would be demand at any commodity pric...

Q: Why might banks be reluctant to lend money if a country has a history of inflation rising unexpected...

A: The banks are the financial intermediaries and institutions that help the savers in the economy to d...

Q: Upgrading an Organization’s ComputersYour organization earns $50 million in annual sales, has 500 em...

A:  1. The first thing in the firm is to define the role and responsibility of all the person and depar...

Q: Assume that the whole world is one lithium market.  As more lithium deposits are discovered and more...

A: As more lithium deposits are discovered and more countries begin mining lithium, this will lead to a...

Q: What posssible social advantages of price increases arise in the following cases? a. Charging higher...

A: ANSRaising the price of a good will make the good costlier and thus it will reduce the consumption o...

Q: 1. Predict the impact on equilibrium price and quantity for the relevant market given the following ...

A: A change in a factor that influences demand or supply other than the own price of the commodity lead...

Q: Figure 2-4 shows various points on three different production possibilities frontiers for a nation. ...

A: Influx of mmigration of labor means that there is an increase in the labor force and hence more prod...

Q: Q.1.2 An appreciation of the rand against the dollar: choose the correct answer(a) Will worsen the c...

A: Rand is an official currency of country SA. The appreciation of it against dollar will worsen the cu...

Q: Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling ...

A: The law of demand refers to the inverse relationship between price and quantity demanded (other fact...

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...

A: MAC1 = 22 - 2E1 MAC2 = 10 - E2 MED = 0.5(E1+E2)

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...

A: MAC1 = 11 - 2E1 MAC2 = 8.5 - E2 MED = 0.5EAgg

Q: For each question,start with a supply and demand graph of the market for tennis rackets. What happen...

A: Let the starting equilibrium graph be,

Q: Q.1.4 Out of 20 million people in the population, 9 million people are in the labour forceand 3 mill...

A: Unemployment rate refers to the percentage of unemployed people to the total labor force. Unemployme...

Q: Suppose you are at a flea market and are considering buying a box of vintage records. You are trying...

A: Consumer surplus refers to the difference between the total amount that consumers are willing to pay...

Q: What cultural aspects (language, religion, customs) a company must have in the area of ​​technology

A: Technology and culture seems growing with changes in centuries. Its moving together. Technology has ...

Q: The future worth in year 10 of a geometric gradient series of cash flows was found to be $80,000. If...

A: The geometric gradient series of cash flow can be equated as follows.  

Q: Solve all three subparts correctly. From both the figure

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

Q: What are the three major types of unemployment? What are their causes?

A: Definition: Unemployment- Unemployment occurs when a person is above a working-age and actively loo...

Q: Why is a country better off not isolating itself from all other countries? Why do we have markets, a...

A: Isolation is not a solution to development and thus,  there must be a free flow of goods and service...

Q: Your gym offers two classes at the same time:weightlifting and yoga. Both classes are includedin you...

A: The utility is something that consumer gains after consuming a product or service. It is measured in...

Q: Define zero-sum game?

A: Answer - Game theory - It is the study of decision making by individual or individuals in the given ...

Q: how do I explain and graph question 9?

A: 9. The industrial unions are the association of workers in the industry which will be formally consu...

Q: Economics Question

A: (1)   The calculation of GDP using the income approach method is as follows.   The calculation of fi...

Q: For a country A, the nominal GDP growth rate is 10 percent and inflation is 4 percent. If the veloci...

A:   According to QTM (Quantity theory of money), it is an identity showing relationship between output...

Q: Suppose the revenue (in dollars) from the sale of x units of a product is given by R(x) =  56x2 ...

A: R(x) = (56x2 +65x)/(2x+2)

Q: Of the economic goals listed, which do you value most?  Rate from a scale of 1-6; 1 being most and ...

A: Ranking 1. Economic freedom 2.Economic efficiency 3. Economic stability 4. Economic growth 5. Econom...

Q: A government-imposed price of $12 in this market is an example of a O a. non-binding price floor tha...

A: The binding price floor is set above the equilibrium point. The market price is higher, and the supp...

Q: Discuss which of the following fall into the categories of consumption, investment, government expen...

A: To know in which category each option falls: a) Buying a second hand book isn't involved in the esti...

Q: The average hourly wage in 1975 was $6.50, and $17 in 2002. CPI stood at 42 in 1975 and the CPI base...

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

Q: 1. A) Suppose that the demand for milk increases because a new beauty treatment is discovered that u...

A: The demand for milk increases because a new beauty treatment is discovered that uses milk. This will...

Q: Sort the following scenarios into whether the change in quantity described is caused by a shift in t...

A: Any change in the supply due to different factors except prices will result in a shift to the supply...

Q: Describe some of the political and social tradeoffs that might occur when a less developed country a...

A: In developed countries women are playing important role in economic growth by participating in vario...

Q: Explain why the coffee shop manager should measure elasticity using the mid-point method in hiscalcu...

A: Midpoint method of calculating the elasticity consider the average quantity and average price while ...

Q: Figure 2-8 above shows the production possibilities frontier for Vidalia, a nation that produces two...

A: The opportunity cost is the gain forgone for the other alternative or it is the next best available ...