Explain difference between; 1.Microeconomics and macroeconomics  2.Positive and Normative economics

Q: The price of a good is $5.70 in the USA and £4.18 in Britain and the exchange rate is £0.77. If you…

A: Ans. ) Given in the question, the price of good is $5.70 in the USA and the price of same good is…

Q: economics

A: CostImplicit CostExplicit CostThe salary Manuel could earn if he worked as a nurse✓ The rental…

Q: Kindly give me the steps one by one how to do its and the calculation of the answers

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Q: Complete the payoff matrix to show how this scenario would end up as a prisoner's dilemma for…

A: Step 1: A situation known as a "prisoner's dilemma" occurs when two selfish players finally choose a…

Q: am. 113.

A: The correct answer is (C).The graph shows the relationship between the price level and the output…

Q: It is ten days until the scheduled vote on the proposed minimum wage hike. The leader of the Senate…

A: Approach to solving the question:I rejected the compromise because I believe that compromising on…

Q: Below is the the market demand curve for yard leaf cleaning when only the marginal private benefits…

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Q: Give explanation of the correct option and explanation of the incorrect options will upvote.

A: If Coke and chips are perfect complements, it means they are consumed together in fixed proportions,…

Q: In the following diagram, how many workers will be hired if the wage rate the firm has to pay is $30…

A: Concept: A firm will hire the unit of labor up to the point where the value of marginal product of…

Q: Note: The answer should be typed.

A: Calculation:Book value (Year 5) = Original cost - Accumulated depreciation (Year 1 to Year 5)Since…

Q: Price Level Refer to the figure below. When equilibrium occurs at point a, the economy is exhibiting…

A: Detailed explanation: The short-run macroeconomic equilibrium is happening at point a.The real GDP…

Q: Consider the following data regarding students' college GPAs and high school GPAs. The estimated…

A: Step 1: Compute the estimated college GPA for each level of high school GPA using the regression…

Q: Only type writing allow....don't  use pepar work .....

A: To answer the question: Remember that for a monopolist, its profit-maximizing quantity is where its…

Q: From the following data, equations for P=f(Q), ATC=f(Q,Q^2), AVC=f(Q, Q^2), MC=f(Q,Q^2) are to be…

A: Step 1: Calculate Total Revenue…

Q: Expansionary monetary policy to prevent real GDP from falling below potential real GDP and real GDP…

A: The correct answer is: Option (A) higher, higherThis is because an expansionary monetary policy,…

Q: Calculate the annual payouts C to be given for 15 years with an interest rate of 8% on an annuity…

A: Given information: Present value of annuity (PV) = $150,000 Number of years (n) = 15 Interest rate…

Q: The vast majority of uninsured Americans (77% as of 2010) are the poor, the disabled, and the…

A: Option a: This option is incorrect because while the poor, the disabled, and the elderly do make up…

Q: S E Q Q D Q Suppose a price ceiling of P2 is imposed on the competitive market depicted in the…

A: The imposition of a price ceiling at P2 results in the following changes in consumer surplus: Gain…

Q: Please solve

A: Let's run through some statistical diagnostics and interpretations to analyze the model further.In…

Q: Consider the following variation of the aggregate production function. Now firms must use oil M to…

A: a) To find the first-order condition for the firm's demand for oil, we take the derivative of the…

Q: The demand by senior citizens for showings at a local movie house has a constant price elasticity…

A: We must comprehend how price elasticity influences demand in order to establish the best prices for…

Q: Please dear type the answer.

A: In the short run, the Surgeon General's report will cause consumers to demand less shrimp at every…

Q: A competition authority introduces the following leniency program. The first firm to come forward to…

A: By comparing these scenarios, we can find the highest value of p where both firms prefer not to…

Q: pamela sells 10 bottles of olive oil per week at $5 per bottle. she can sell 11 bottle per week if…

A: The output effect refers to the change in revenue resulting from the change in quantity sold when…

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: 1. Output (Income) (Y):Represents the total value of goods and services produced in the economy…

Q: uestion 28 ot yet swered arked out of 0 Flag estion In the Keynesian AE model, if the autonomous…

A: Now, the formula for actual aggregate expenditure (AE) is:AE=C+I+G+NXBut, actual aggregate…

Q: Suppose that the reserve requirement is 8%, the excess reserves-to-deposit ratio is 0.51, and the…

A: m1(money multiplier)= (1 + (C/D))/[rr + (ER/D) + (C/D)]. Here rr is reserve requirement, C/D is…

Q: Suppose that the government raises the tax to $70,000.  Now, Scahill would charge a price of $ ◻ and…

A: Referenceshttps://www.investopedia.com/

Q: please answer in text form and in proper format answer with must explanation , calculation for each…

A: a). As per the given data Exchange Table is as follows:  Distribution Of output From   Purchase…

Q: What is a non-technical (i.e. a layman’s) definition of elasticity? Given our working definition of…

A: Non-technical Definition of ElasticityTo put it simply, elasticity is a gauge of how much people…

Q: None

A: The formula for B9 is used to calculate the bond yield. It involves the use of the PRICE function,…

Q: 2. Economic rent and the market for land Consider the market for land in upstate New York, a mostly…

A: Explanation:Perfectly inelastic: The supply of land in a specific location is likely fixed. There's…

Q: Ray earns an income of $250,000 per year in Country X. Suppose for the year 2014 there is a…

A: To calculate the tax amount under the federal income tax bracket for Ray's income in 2015, we need…

Q: The hand written solution is not allowed please

A: Approach to solving the question:To determine if it makes sense for the business to increase output…

Q: 7. Short-run supply and long-run equilibrium Consider the competitive market for thenium. Assume…

A: Ans. ) Given the question, there is a competitive market for rhenium. A market is said to be…

Q: Suppose that the reserve requirement is 8%, the excess reserves to deposit ratio is 0.51, and the…

A: The money multiplier is a concept in monetary economics that describes the maximum limit to which…

Q: Give an example of entry barriers. Do entry barriers provide an opportunity for businesses to…

A: Entrance barriers are impediments that new businesses find difficult to overcome in order to…

Q: Typed please and give correct answer explanation as well as non correct options explanation I will…

A: A sudden price decrease: When an asset experiences a sudden price decrease, it typically reflects a…

Q: Y OF THE WEST INDIES 8 ved ut of 1 Home Dashboard More ▾ Clear my Choice Bahamas just experienced a…

A: Step 1: Step 2: Step 3: Step 4:

Q: None

A: When aggregate demand experiences a decline, a multitude of factors come into play, shaping the…

Q: Deposits that engineering companies receive in advance for work which has not yet been performed…

A: Advance deposits made by engineering businesses are important for accounting purposes since they…

Q: Bonnie regularly lets her boyfriend drive her car whenever they go on a date. Yesterday, he caused…

A: Here's why:Unlisted Drivers: Most insurance policies don't automatically cover accidents caused by…

Q: Give exact answer step by step and take a like

A: We know that,Nominal interest rate (in​) = 28%Expected increase in the real exchange rate =…

Q: Suppose that over a year a country's national savings amount to $32B, its net exports of current…

A: To find the country's balance on secondary income, we can use the formula:Balance on Secondary…

Q: The table below shows employment and population data for the nation of Westland.  Working-age…

A: Size of the Labor ForceThe participation rate indicates the percentage of the working-age population…

Q: (Table: Customer Valuations for Lawn Services I) The table shows customer valuations for different…

A: For fertilizing, we see that Ben values it at $400 and Ethan at $250. If the company sets the price…

Q: ] Alex and Mitch are two farmers who grow vegetables on common land. Each farmer gets a benefit from…

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Q: None

A: Monopolistic Competition in the Long RunMonopolistic competition is a market structure characterized…

Q: ! Required information A project has a first cost of $820000, a salvage value of 20.00% of the first…

A: First, we need to calculate the salvage value. The project has a first cost of $820,000, and after 3…

Q: Please check the answer and add explanation properly for all parts

A: 1. Look at the highest demand and the highest price with that demand. For adults, highest demand is…