Explain how the marginal rate of substitution relates to the shapeof the indifference curve

Q: Economics Question

A: Consumer Surplus: What the consumer wants to pay and what she actual pay, the difference between bot...

Q: Aa Aa Complete the following table by identifying which assumption each given scenario references. (...

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

Q: Explain how unemployment and inflation impact the AD/AS model.

A: The aggregate demand–aggregate supply model is a macroeconomic model that determines the level of ou...

Q: Use willingness to pay and willingness to sell to determine supply anddemand at a given price

A: Demand refers the total amount of goods and services that are willing to buy at the particular price...

Q: Assume that Canada is initially in long run equilibrium. Discuss how each of the following four even...

A: Hi student, Thanks for posting the question. As per the guideline, we are pr0viding the answer for t...

Q: 2. Calculating the price elasticity of demand: A step-by-stepguide Suppose that during the past ...

A: The price elasticity of demand measures the responsiveness in the quantity demanded of a commodity t...

Q: Which would be more difficult to forecast 10 years fromnow: the number of 60-year-olds or their aver...

A: For forecasting, we use past data to predict future data.

Q: The revenue cost statement for a popular grocery store owned and operated by John Mathew is presente...

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

Q: Suppose a Farmer has a fixed resource of 80 acres planted in corn. If the farmer does not cultivate ...

A: Number of cultivation Output Marginal benefit 1 50 - 2 57 7 3 61 4 4 63 2 From the above ...

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

A: d. Production possibility frontier refers to the different possible combination of output that produ...

Q: In a meeting with members of Strategic Management committee in your company, you ask middle managers...

A: For human nature, the two-factor theory and the learned model theories of needs are best reflected i...

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

A: MAC1 = 12 - 2E1 MAC2 = 8 - E2 MED = .5(E1+E2)

Q: What are the advantages of personal selling over otherforms of customer communication?

A: Personal selling: personal selling is where the business use sales force people to sell the products...

Q: For each of the following absolute values of price elasticity of demand, indicate where the demand i...

A: Elasticity of Demand:  Elasticity of demand refers to the responsiveness of the quantity demanded to...

Q: a) Most people in the country of Classica tend to keep $3 out of every $100 of their cash holdings i...

A: a.i) The people keep $3 out of $100 in the economy with them in their purse. This means that people ...

Q: where do i put the government price lines one and two

A: A price support by government could be a subsidy, a production quota or a price control. The price c...

Q: Question 4 of 18 > A farmer produces both beans and corn on her farm. If she must give up 16 bushels...

A: This question is of the concept given by David Ricardo of Comparative cost advantage in which the op...

Q: COVID-19 has sent the economy of Classica into recession. The finance ministry has advised the gover...

A: The government has rollout many schemes in order to boost the economy. The cut in the stamp duty on ...

Q: Is either helicopter money or quantitative easing preferred in times of severe recessions in order t...

A: Helicopter money means a non-repayable transfer of money from the central bank to the state.

Q: In the nonlinear function Y = aXbZc, the parameter c measures

A: Given equation is a non-linear function of X and Z with different parameter. In this equation the de...

Q: Suppose the current equilibrium price of cheese pizzas is $10.00, and 11 million pizzas are sold per...

A: Deadweight loss refers to the situation where the total surplus is decreases as a result of decrease...

Q: Your mother states that lowering interest rates in the recessionary COVID-19 period is good policy b...

A: The statement that ‘lowering the interest rates in the recessionary COVID-19 period is a good moneta...

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: Most people in the country of Classica tend to keep $3 out of every $100 of their cash holdings in t...

A: The money multiplier can be calculated using the formula,  Money Multiplier=1RRR where the RRR is th...

Q: A child budget is 3 dollars and she has two options 1)ice cream 2) cake. Her utility function is u(x...

A: Hi student, thanks for posting the question. As per the guideline we are providing answer for the fi...

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: Micro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics and pr...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: Would it be wise for a young company that is growingquickly but still hasn’t achieved profitability ...

A: A bond is a fixed interest asset reflecting a debt to a creditor provided by a lender. It is issued ...

Q: The rise of the contingent workforce (case study)The nature of employment is changing. Over 80% of e...

A: Workforce: It refers to the skilled or unskilled labourers employed in an economy. The workers give ...

Q: Explain why correcting a missing market can make everyone better off.

A: The missing market is a type of failure of the market system. The missing market is a type of ineffi...

Q: Explain it correctly

A: We know, nominal interest rate = Real interest rate + inflation rate 

Q: For the following utility function find the MRS at (x, y) = (2, 3) a) U(x, y) =2x +y b) U(x, y) =x^3...

A: We know,  MRS = MUx / MUy Given (x, y) = (2,3)  

Q: Explain it correctly not wrong solution provides to now.

A: Producer surplus is the difference between price received by a firm and the price it would be willin...

Q: Price per dozen               Dozens of doughnuts               Dozens of doughnuts                 ...

A:

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

A: Definition: Unemployment: Unemployment occurs when a person who is a part of the labor force active...

Q: If something has negative marginal utility, what happens to your total utilitywhen you consume it?

A: Marginal utility is defined as the utility gains after one more extra unit of consumption. It means ...

Q: Suppose Canada accepted relatively more number of immigrants, and as a result, relatively more money...

A: The balance of payment is the difference between the payments into the economy and the payments out ...

Q: Suppose that economy X is at the steady-state unemployment rate with a separation rate of 0.05 per m...

A: In the steady-state level of unemployment, the unemployment rate will remain fixed. The unemployment...

Q: answer and discuss pls

A: In an economy, people interact to make various economic, financial and business deals with each othe...

Q: The diagram to the right shows a market in which a price floor has been imposed. Identify the follow...

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

Q: Z and S.A are trading partners.  Both produce metal ores (including lithium) and delivery trucks. No...

A: A country has a Comparative advantage when the opportunity cost (OC) of producing a good or service ...