Economists describe a choice as: Group of answer choices A. a tradeoff B. human C. limited resource D. None of the above.

Q: Why does russia have the comparative advantage in oil? Explanation it correctly and in detail

A: Compartive advantage alludes to the capacity to deliver labor and products at a lower opportunity…

Q: A manufacturing company is considering a capacity expansion investment at the cost of $32,850 with…

A: Investment cost = $32,840 Output produced = 30,000 parts per year.  Profit generated by each part =…

Q: Suppose a monopolist faces a market demand that is the first two columns in the table below. Also,…

A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost and the…

Q: The table below shows the marginal costs of the last croissant produced by four different bakeries.…

A: Each  bakery is ready to sell the 100 units of the good. So the produce surplus of a bakery will be…

Q: Use the following assumptions to answer all questions: • There are three countries – Argentina,…

A: Since the question you have posted consists of multiple parts, we will answer the first three…

Q: 5. Consider the following game between Player X and Player Y. The game will be repeated infinitely…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: An investment of $10,000 generates a return of $4,000 in a bull market or a return of -$1,500 in a…

A: We have given that Return  probability  4000 0.4 -1500 0.6

Q: Suppose that there is a nonrenewable resource that can be consumed today (period 1) or tomorrow…

A: Given that; Demand for resources in period (1) P1 = 25 - 5Q1 Demand for resources in period (2) P2 =…

Q: In economic terms, moral hazard is the negative relationship between the out-of-pocket price of the…

A: Answer: Moral hazard: moral hazard occurs when one party changes his/her behavior after buying…

Q: In terms of opportunity cost, why would a UGA football player choose to enter the NFL draft rather…

A: Opportunity cost is defined as the opportunity foregone or the potential benefit missed by choosing…

Q: Explain monopoly theory, including cost functions. show on a graph what is deadweight loss.

A: There are various forms of market structures such as perfect competition, monopoly, oligopoly,…

Q: n a graph, market producer surplus is equal to what area?   Question 11 options:   a)  The area…

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

Q: Under certain circumstances, it is possible for unions to better their interests by affecting or…

A: A Union is defined as an association of traders or workers who try to protect their rights and…

Q: Discuss one or more examples of an opportunity cost an accountant might not count as a cost.  As…

A: Opportunity costs represent forgone benefits from a next best alternative.

Q: Explain the effect of Changes in domestic and foreign Interest Rates on the equilibrium exchange…

A: At equilibrium in the foreign exchange market, when the domestic interest rate increases, holding…

Q: Q.5 Given the demand functions, (i) Q = 150 − 0.5P,      (ii) P = 80 − 2Q,         (iii) P = 45…

A: We have  Q=150-0.5P       ... (1) “Since you have posted a question with multiple sub-parts, we will…

Q: Which of the following countries receives the least return on its investment in health care?a.…

A: Meaning of Health Economics: Here, the term health economics refers to the scenario under which…

Q: Adjust the graph to show how a $25.8 billion dollar increase n the government's budget deficit…

A: Saving is the source of supply for loanable funds. Investment is the source of demand for loanable…

Q: Refer to the information provided in Figure2 below to answer the questions that follow. Price…

A: Aggregate demand is a measurement of the total amount of demand for all finished goods and services…

Q: i) Calculate the amount of Botch Potato bought in the market. ii) Estimate the own price elasticity…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: 4) Early study results show that 80% of customers are willing to pay an extra dollars on their…

A: The information given as follows:- Margin of error = 0.012 proportion = 0.8

Q: In an auction, the winning bidder often ends up as an overly optimistic loser because of O a.…

A: Asymmetric information: It is the case where due to lack of information about some issues will…

Q: In the Aggregate Demand and Aggregate Supply model, an increase in consumer confidence will: O…

A: Aggregate demand curve slopes downward, it shows an inverse relationship between price level and…

Q: an increase the quantity of dollars supplied and no movement along the supply curve of dollars . an…

A: Foreign exchange alludes to all the currencies of the remainder of the world other than the domestic…

Q: Demand and Cost facing Monopolist Total Total Marginal Marginal Total Price Quantity Variable Profit…

A: Fixed cost remains same at all levels of output while variable cost changes as output level changes.…

Q: What are the impacts of throwaway lifestyle to the environment and to the poor?

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: The marginal cost function of a firm is defined by MC=25+30Q-9Q², if it's fixed cost is 55. Find the…

A: Given: The marginal cost is:  MC = 25 + 30Q - 9Q2 The fixed cost is = 55 To Find: The total cost:

Q: Sir Francis Galton, a cousin of James Darwin, examined the relationship between the height of…

A: Estimated regression we have Studenth(hat) = 19.6 + 0.73 × Midparh

Q: Discuss how the demand and supply for a particular product/s have changed in the last 2-3 years.…

A: Movement along the existing demand curve is referred to as a change in the quantity demanded. This…

Q: Suppose that the economy is initially in a steady state and that some of the nation's capital stock…

A: We have been told to assume economy is in steady state and because of natural disaster or war…

Q: The monopolist faces the demand curve D(p) = 100 – 2p. Its cost function is c(y) = 2y. What is your…

A: We have MC = dc(y)/dy = 2

Q: a profitabilty index (PI) of 1.45 indcates the project generates S0.45 of internal rate of return…

A: The profitability index is defined as a measure of the attractiveness of a project or investment. It…

Q: Mr. Ceballos purchased a statue for Php 2,500. Ten years later, he sold this statue for Php 7,500.…

A: The annual rate of return is computed by dividing the amount gained or lost at the end of the year…

Q: d. Assume that Lucky Bank is required to hold a 10% deposits as reserves, and there is a $3000…

A: Money Multiplier is the iñverse of the reserve requirement, it is the ñumber by which the deposits…

Q: ELASTICITY -What type of elasticity occurs and what is the financial result if: • The elasticity is…

A: When the value of elasticity is less than 1, elasticity is said to be inelastic.

Q: A vertical aggregate supply graph indicates that aggregate demand has no effect on: A) Prices B)…

A: Aggregate supply curve shows relationship between price and quantity of output supplied.

Q: 1 shows a domestic market of a gadget. The horizontal axis shows the quantity unt) and the vertical…

A: The consumer surplus is the difference between the maximum price consumer wants to pay and actual…

Q: P S 15 10 I 5 10

A: the producer surplus on the other hand is defiend as the difference between the minimum amount which…

Q: the following statements describes Principle 1: Peoplé face tr Binge watching your favorite drama…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 question for you. If…

Q: Your manager has decided to invest $4350 dollars at an annual interest rate of 8.0% to buy raw…

A:

Q: Question 19 Two firms both produce leather boots. The inverse demand equation is given by P = 320 -…

A:

Q: TRUE OR FALSE   Social welfare indifference curves are useful in discussions about the tradeoffs…

A: An indifference bend shows a blend of two products that give a shopper equivalent fulfillment and…

Q: 1. Risk analysis allows assessment of future uncertain impacts, and incorporates uncertainty into…

A: Risk analysis relates to the uncertainty of predicted cash flow streams, the variation of portfolio…

Q: Would the owner of a profit-maximizing clothing store hire another worker for $85 per day if the…

A: Answer Is given below...

Q: total of Php 5,000 is invested at a simple interest rate of 6% for 4 months. How much interest is…

A:

Q: uppose that there two types of consumers: students (S) and non-students (NS). The demand for a trip…

A: Individual demand refers to the quantity demanded by a single consumer where market demand refers to…

Q: 6. In a pricing scenario, what is the essence of the difference between the context of a…

A: Two players Prisoners dilemma game where each player has two actions confess and dont confess.

Q: Evaluate the different ways in which a government might be able to improve access to the housing…

A: The Housing Market is the supply and demand for dwellings in a certain nation or area. The average…

Q: Why do unions that have few or no minimum wage workers work to raise the minimum wage? O To drive as…

A: A labor union refers to a specfiic group formed by some experienced and powerful workers or worker…

Q: 8. The Discount Rate The refinancing rate is the interest rate a central bank like the Bank of…

A: Introduction Its first option is true, refinancing rate is primary barometer. Its second option is…