Explain the economic concepts of opportunity cost and marginaldecision making.

Q: Compare and contrast major styles of leaderahip

A: There are major 4 style of leadership- i) Transactional Leaders Are Directive Style: People who need...

Q: A tariff has been placed on sisal, a plant that is used to produce sisal rugs. Wool rugs are a subst...

A: The sisal plant is used in the production for sisal rugs. When tariff is imposed on the sisal plant ...

Q: In the context of energy supply, describe how the existence of a negative production externality may...

A: When the production of goods and services causes harmful effect on the third party, individual or en...

Q: Can someone answer these questions?

A:

Q: Consider a closed economy. The only two factors of production in this economy are capital and labor....

A: 1) In the market for capital, capital supply curve shifts rightwards to Sc’ due to positive shock o...

Q: Suppose that the demand and supply schedules for rental apartments in the city of Gotham are as give...

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

Q: 6. The table gives the income elasticities of demand for various products. Use it to answer the foll...

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

Q: India joined Indonesia in a free-trade area. Before the union, India imports 250 thousand traveling ...

A: Hey, thank you for the question. Since there are multiple questions posted, we will answer the first...

Q: 6. A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs a...

A: Given that: Cost Function: Total Cost = Fixed Cost + Variable Cost, where fixed cost = $5000 and ...

Q: Solve it now I upvote

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: What is meant by a progressive tax? A regressive tax? A proportional tax? Comment on the progressivi...

A: A progressive tax is a tax system where the tax rate increases as the taxable income increases. It i...

Q: 2. (Resolving the Common-Pool Problem) Why have authori- ties found it so difficult to regulate the ...

A: Common goods are those which possess the characteristics of rilvalriness and non - excludability.  I...

Q: Hi can i get some help on c please? thanks!

A: Definitions: Production Possibility Curve (PPF) The production possibility frontier (PPF) shows the...

Q: I am again unsure on how to correctly multiply and then how to solve for the expected payoff because...

A: Here, the pay off matrix P is given Mixed row strategy is given by R Column strategy has to be found...

Q: 8. (Environmental Protection) Four federal laws and subse- quent amendments underpin U.S. environmen...

A: The rules and regulations put in force by the government to protect the natural resources from getti...

Q: .  Assume the following data describe the gasoline market:   (a) Graph the demand and supply curves....

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

Q: You borrowed $35,000 to buy a new car from abank at an interest rate of 10.2% compounded monthly.Thi...

A: loan amount=$35,000interest rate=i12=10.2%let monthly insatllment be K35,000=K1-1+i1212-96i121235,00...

Q: 1. Explain, using supply and demand analysis, why the price of sugar has been increasing recently. A...

A: 1. Production of sugar declined in some part because of the bad weather. Decline in production resul...

Q: Should a global company pull out of, or avoid investing in, a country well known for human rights ab...

A: Human right abusement is the illegal practice according to the international law of justice, there i...

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

A: Recession is the period where the real output falls and there is negative growth. In order to avoid ...

Q: An increase in criminal activity in South Africa acts as a deterrent to foreign tourists considering...

A: An increase in criminal activity in South Africa acts as a deterrent to foreign tourists considering...

Q: Distinguish among the shapes of a “normal” yield curve, an “abnormal” curve, and a “humped” curve.

A: The Yield curve is the curve drawn by plotting the path with the yield to maturity of the various se...

Q: ANS ONLY 2 PLEASE THANKS  Suppose you live in a community of 5,000 people where everyone wants to wo...

A: Inflation is a systematic measure of the rate at which the price level of a basket of goods and serv...

Q: 4. Movements along versus shifts of demand aurves Consider the market demand for hot dogs. Complete ...

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

Q: Differentiate between laissez-faire capitalism, the command system, and the market system.

A: Laissez-faire is a theory in economics that restricts government intervention in the economy. That i...

Q: Explain whether each of the following is labor. Capital, or a natural resource. A)an unemployed fact...

A: There are three factors of production: Labor : It is the effort put by human which is applied to pr...

Q: You are considering renting a city apartment with​ 1,000 square feet for ​$1,400 per month. The mont...

A: Marginal cost is defined as the additional cost incurred on additional unit of purchase. Here 1000 s...

Q: Using the concept of "carry trade," explain how a decrease in U.S. interest rates could affect the E...

A: Carry trade refers to the situation in which to gain benefits investors withdraw funds from a countr...

Q: Q: You borrow $20,000 to be repaid in equal instalments over the following four years. The interest ...

A: Installments that will be paid at the end of every year is estimated as follows: Principal=Cash Flow...

Q: Explain it correctly

A: The price floor is the price set above the equilibrium price. Thus, price is set at $4.

Q: A farmer sells wheat to a baker for $2. The baker usesthe wheat to make bread, which is sold for $3....

A: The value of goods and services produced within a country is accounted for by the Gross Domestic Pro...

Q: Explain it correctly

A: The term GDP stands for Gross Domestic Product which is total amount of goods and services produced ...

Q: A perfectly competitive industry has a large number of potential entrants. Each firm has an identica...

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

Q: Normally, the people of COVID-FREE LAND demand of 3000 sanitizers and 18000 toilet rolls. Suddenly, ...

A: Now, the demand for sanitizers and toilet rolls increased to 4,000 and 20,000, respectively. The way...

Q: How does circular diagram flow works?

A:  In the circular flow of income, shows the major exchanges of the flow of income, goods, and service...

Q: A young chef is considering opening his own sushi bar. To do so, he would have to quit his current j...

A: Explicit cost refers to out of pocket expense that is incurred in order to purchase or hire input. I...

Q: I need help working through these problems

A: Given- P=120-2Q-------------1 C =20Q We can calculate : Total Revenue (TR) = PXQ = 120Q - 2Q2 Now, M...

Q: Give two examples of price discrimination. In each case, explain why the monopolist chooses to follo...

A:   The Two examples of price discrimination are as follows: ·         Airline industry and their pric...

Q: 3. (Negative Externalities) Suppose you wish to reduce a negative externality by imposing a tax on t...

A: Negative Production Externality: The negative production externality is defined as the production o...

Q: You have borrowed $10,000 from a bank with theunderstanding that you will pay it off with a lump sum...

A: Present value of money = 10000 dollars Future value of money = $12000 Number of years = 2 years

Q: Economics Question

A: The comparative advantage is the main factor that determines the international trade in the economy....

Q: The aggregate expenditures of the hypothetical country shown includes $2 billion in investment expen...

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want rem...