Economics system - role of consumers, producers, government and Voluntary sector in the welfare of economic stakeholders

Q: 1) Figure 4 shows that trade is based on differences in tastes because the PPFs for both nations are…

A: Here, the given graph shows the production possibility frontier with indifference curve of two…

Q: Assume the economy starts at full-employment. There is a global pandemic. Which of the following…

A: Pandemic refers to the situation when people face a significant downturn in economic activities at…

Q: Do you think there is a risk of stangflation in the world in the current economic situation?

A: Stagflation is defined by slow economic growth, relatively high unemployment, or economic stagnation…

Q: Mr. Prudent has purchased a discount bond, that matures in 7 years with a payout of exactly $14,440.…

A: A bond is a form of asset in which the issuer owes the holder a debt and is required to return the…

Q: A project capitalized for P5,000,000 is expected to earn a uniform annual revenue of P1,000,000 in…

A: First Cost = P5,000,000  Annual revenue = P1,000,000 Annual O&M cost = P100,000  Annual…

Q: Price, cost, revenue $100 $90 $80 $70 $60 $50 0000 MC MR D 0 7000 14000 21000 12000 Dresses per year…

A: "Monopolistically competitive industry consists of many firms which sell commodities or services…

Q: A country produces milk and butter, and it has published the following macroeconomic data. Year 1…

A: Real GDP is a measure of a country's gross domestic product that has been adjusted for inflation.…

Q: Consider the following two player bi-matrix game 19 6 19 1 2 A 7 12 6 -C, 0 -8 -5 2 14 16. -9 1 -3…

A: Given,  Two Players A and B The Bi-matrix game is given as :

Q: A fertilizer producer finds that it can sell its product at a price of p = 300 -0.1.x dollars per…

A: Equilibrium level of the firm is achieved where marginal cost and marginal revenue are equal .

Q: What us the Prisoner's Dilemma? How cab it affect the pricing decision of a  frim and how to avoid…

A: In the game theory, prisoner's dilemma is one of the important game to understand as it is…

Q: 1. How would you prepare for the interview? 2. What could you do during the first few minutes of…

A: The most important thing in any interview in any sector in any country is that of "FIRST IMPRESSION"…

Q: project capitalized for ₱40,000 invested in depreciable assets will earn a uniform, annual income of…

A: Capitalized Cost 40000   Annual Income 23451   Annual Cost 9000   Tax and insurance 4% i.e.…

Q: Subject: Manegerial economics & policy Consider the following payoff matrix in which firms choose…

A: In a specific game, firms make their decision based on available information and try to maximize the…

Q: n your own words answer the following question Demand, Supply, and how the two work together to…

A: The demand curve illustrates the inverse relationship between quantity demanded and price, keeping…

Q: John's utility function is U(X,Y) = 5min{2x, 3Y}. If his income is 100, and the unit price of the…

A: The utility function with min shows that goods are complements which are consumed together

Q: 1. The monthly rent for Theeben's apartment is $625. His landlord tells him that next year, the…

A: given that, The monthly rent of Theeben's apartment is $625 and monthly rent is increased by 6%

Q: How do consumer expectations affect the demand for a product?

A: The economic outlook of households is referred to as consumer expectations.Current economic activity…

Q: PRICE (Dollars per phone) 150 135 120 105 90 75 60 45 30 15 0 Demand Supply 80 100 120 140 160 180…

A: "Demand curve indicates a negative relationship between price of the product and quantity demanded…

Q: 7. What price should you charge to maximize profit? How much profit would this product generate in a…

A: Profit maximization is essential for a company's existence and growth. Wealth Maximization, on the…

Q: Mention one example of Public International Law and one example Private International Law

A: Public international law and private international law are two distinct categories of law, with the…

Q: Farmer Jones grows oranges. The total revenue, marginal revenue, total cost, and marginal cost of…

A: Answer: Let us first calculate the profit to find the maximum profit. Output (Crates in 1000s)…

Q: A company is evaluating 3 different distribution plans for a new product. The company has developed…

A: In statistics, the anticipated value for the random variable X is the long-run average value…

Q: fixed and flex ex rates and which should be better?

A: FIXED EXCHANGE RATE SYSTEM This is a system in which the federal bank fixes the rate of exchange. A…

Q: Price ATC D ab cd Quantity If the firm depicted in the graph above is attempting to maximize profit,…

A: Monopolistic competition is a market arrangement in which numerous large sellers compete for the…

Q: Causes of lack of female pilots

A: As of 2020, just 7% of commercial pilots were women, according to the Center's data.

Q: QUESTION 1 Table 13-16 Average Average Variable Marginal Fixed Variable Quantity Total Cost Fixed…

A: Total cost is a sum of fixed cost and a variable cost.

Q: Why do emerging-market companies frequently pay larger premiums for targets in developed-market…

A: An example of such a system is a developing country's economy that is becoming increasingly…

Q: As an additional safety measure for online transactions, several credit card companies now supply…

A: Credit card: A Mastercard is a kind of installment card in which charges are made against a credit…

Q: Evaluate the two alternatives A and B and decide the economic justified alternative using: Present…

A: Since you have posted multiple subparts as per the guidelines we can solve only the first 3…

Q: Robert sold used cars, but he had little or no knowledge with respect to the technical aspects of…

A: In the given scenario, Robert has little or no knowledge with respect to technical aspects. The…

Q: A computerized wood lathe, costing P25,000, will be used to make ornamental parts for sale. Receipts…

A: Given initial cost = 25000 P Reciepts each year = 60000 P Costs = 55000 P Salvage value = 9000 Time…

Q: Transformers for underground works were planned to be provided. Type A has an initial cost of…

A: Incremental cash flows the extra working income that an association gets from taking on another…

Q: Hello. May I ask how did you get the values? Were those only assumed values? Can you also explain…

A: (A)  The standard version of the game is as follows: The game is a zero sum game, or a game where…

Q: To our administration, what would be the best to adopt in terms of public safety micro management or…

A: Micro-Macro Paradox states that "Micro" assumes that "Macro" variables are constant and "Macro"…

Q: What are I-bonds? Also explain inflation-adjusted interest rate

A: Inflation can be defined as an increase in the average price of the product in a country's market.…

Q: Nike shoes and Wolverine Hiking Boots: % change in demand for Nike = 1% % change in price of…

A: Given; Percentage change in demand for Nike= 1% Percentage change in price of Wolverine Hiking…

Q: 5) The following set of (extensive form) games represent two firms who are attempting to form a…

A: Above question is an example of extensive game -  There are two players : { A & B } Strategy set…

Q: What are the implications of labor disaggregation and capital disaggregation to developing countries…

A: Answer -

Q: In most countries, government policy to eliminate narcotic problem is to catch narcotic…

A: Answer: It is seen that generally, all the countries try to catch the narcotic producers to…

Q: A university spent $1.4 million to install solar panels atop a parking garage. These panels will…

A: The breakeven point for an exchange or not entirely set in stone by contrasting the market cost of…

Q: D. The marginal cost curve is always increasing due to the law of diminishing marginal returns. E.…

A: Statement D is true.

Q: Given a market demand Q=200-2P and 2 firms in a cartel model with Firm A's total cost TCA=5qA² +qA,…

A: A cartel is a group of separate businesses operating in the same industry.Depending on the…

Q: Analyze the decision tree below to answer the following question: Don't Enter 1 $1 billion, $2…

A: In order to find the sub-game perfect Nash equilibrium. we use a technique called backward…

Q: (Table 12.6) Payoffs represent profits in thousands. Fruit of the Loom T-Shirt Price $8 $6 Hanes T-…

A: A Nash equilibrium is such an outcome in which neither of the players have an incentive to change…

Q: The following graph shows the long-run supply curve for persimmons. Place the orange line (square…

A: "Supply curve for a product depicts a positive relationship between the price of the product and…

Q: Question Integrated Rural Development (IDR) is one of the approaches to rural development in…

A: Integrated rural development' (IRD) is a concept that has been defined in various ways. IRD is…

Q: Question: What is the overall outcome for this game? Group of answer choices (Don't Enter, Price…

A: We use backward induction to find the outcome of a decision tree. In backward induction, we move…

Q: Subject: Manegerial economics & policy Suppose this game is repeated indefinitely. Suppose both…

A: Game Theory  Game theory refers to the study of economic conditions on the basis of which the…

Q: Subject: Manegerial economics & policy Q#1) Explain the distinction made in economic analysis…

A: Economic analysis aids charities and their funders in weighing the impact of a social intervention…

Q: Economics how can economics solve societal problems?

A: Economics is considered as a part or branch of social studies as it explains the interaction between…