Explain the meaning of an attractive compensation package.

Q: Decreasing marginal returns occur in the short run as more labor is hired to work in fixed sized pla...

A: As more and more labors are hired, the marginal returns starts to fall.

Q: Over the last 5 years, the population level of a certain area has gone from 200,000 to 250,000, and ...

A: Gross domestic product is known as the growth of the country. The gross domestic product is the summ...

Q: Assume that product X is quantified in the following manner: QDX= -2PX + 0,5PY - 0,2PZ + 1,2I. In wh...

A: The law of demand follows that other things remaining the same, the quantity demanded of  product wi...

Q: A stenographer claims that she can take dictation at the rate of 120 words per minute. Can we reject...

A:

Q: Assume that the banking system is loaned up and that any open-market purchase by the Fed directly in...

A: Given; Required reserve ratio= 0.2 Worth of government bonds purchased= $2 billion Formula of multip...

Q: Using appropriate graphs and mathematical expression, briefly discuss one macroeconomic view of hea...

A: Health spending refers to all expenditure for health services, family planning activities, nutrition...

Q: Are Deposit Insurance Institutions necessary in countries with no history of bank failures?

A: Deposit insurance is a measure carried out in numerous nations to safeguard bank investors, in full ...

Q: There are 5 categories that Johnston and Mellor identified in 1961 as contributions of Agriculture i...

A: 1. Farm product for domestic consumption is corn. 

Q: ii. What is the slope of the budget constraint? Are the following combinations of goods in the affor...

A:

Q: To produce more output in the short run, a firm must employ more of O A) its fixed resources. B) all...

A: Short run refers to the period of time in which at least one factor of production that firm uses is ...

Q: The following graph shows the labour market for steelworkers. Assume that all firms in the steel ind...

A: Demand for labor in steel producing industry depends on price of steel and marginal product.

Q: Explain the concept of universal health coverage and the strategies employed in Caribbean countries ...

A: The basic provision of health care to all individuals and communities, regardless of their financial...

Q: 5-62. In a certain office, a letter is typed by A in 4 minutes. The same letter is typed by B. C and...

A:

Q: A family of four has an income of $15,000 today and will earn $24,000 tomorrow. i). If the family ...

A: Income and distribution effet is the changiñg of the faste and preference of an induolial on the bas...

Q: There is a malfunction in the braking system of a popular car. What is the Consumer Product Safety C...

A: The Consumer Product Safety Commission (CPSC) is a federal agency in the United States that protects...

Q: Refer to the above graph, showing the demand curve in a market. Say supply is perfectly inelastic at...

A: When the supply curve is perfectly inelastic, the producer will earn as much as he can. As supply is...

Q: Total product (meals per hour) 24 20 TP 16 12 4 2 3 5 Quantity of labor (workers) The figure shows t...

A: Total product shows the relationship between output produced and number of input hired.

Q: Walras general equilibrium is based on Existence of monopoly All the above Simultaneous equilibrium ...

A: Walrus General Equilibrium explains the multi market equilibrium with the interaction of demand and ...

Q: A firm may pay efficiency wages in an attempt to O all of the options are correct. O attract a well-...

A: Efficiency wages are the wages that are set above the equilibrium level. It increases productivity a...

Q: Explain the variable costs in the cost function.    2. Discuss how firms choose how much output to ...

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

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A: Government is a structure that basically governs a group of people, and it generally consists of thr...

Q: The table below describes the production function for a candy maker. Number of Output Marginal Produ...

A: Marginal product is ratio of change in total product anf change in number of workers.

Q: Explain why a monopolist produces a lower level of output than a competitive industry.

A: Monopoly refers to the market structure which consists of only a single seller of the product who do...

Q: In a perfectly competitive market, the market demand and supply curves are given by Q, = 1000 - 10P,...

A: A perfectly competitive firm is a price taker as there are large number of firms selling identical g...

Q: (age), number of room in a house (room), and the natural logarithm of the distance from a house to t...

A: A2. The correct answer is option a. A one percent increase in distance decreases the housing price b...

Q: When the marginal product of an additional worker is less than the marginal product of the previous ...

A: In a market, the productivity of the input resources is known as the returns from the inputs used in...

Q: Problem: 1. Engr. Marie promised to pay Php 36,000 at the end of 90 days. He was offered at a 12 % d...

A: The rate of interest can be calculated from the simple interest formula which is given as follows: S...

Q: Question A company wishes to make an investment of $ 20,000 in a machine with a useful life of five ...

A: Introduction Initial investment of company = $20,000 Life = 5 years Scrap value = $10,000 Maintenanc...

Q: Your company sells Beyonce concert DVDS. Total fixed costs for your operation are $10,000 a year. Th...

A: Shut down When a corporation chooses to shut down, it means that production will be put on hold for ...

Q: Quantity of labor Total product (workers) (lawns mowed per week) 1 30 55 75 80 82 Kenya owns a lawn ...

A: Marginal product is the change in total product with respect to change and labour inputs.

Q: Enlist the four approaches of classical theories of economic development and how linear stages growt...

A: Classical growth theory was developed by (mostly British) economists during the Industrial Revolutio...

Q: A contractor can buy trucks for P950,000 each or rent them for P1,500 per truck. The truck has a sal...

A: Equivalent annual cost (EAC) measures the annual cost of maintaining, operating, and owning an asset...

Q: Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion whi...

A: Answer is given below.... 

Q: Regression Analysis: Growth versus Water, Fertilizer The regression equation is Growth = B + ¢ Water...

A:

Q: Assume that initially everyone expected the price level to stay the same when the Federal Reserve an...

A: here, AS is Aggregate supply AD is Aggregate demand  

Q: Explain the two main causes of market failure (externality and market power) and give an example of ...

A: market failure is a situation in which the allocation of goods and services by a free market is not ...

Q: Question 17 from Ch.10 A certain town in the Midwest obtains all of its electricity from one company...

A: A monopoly sets the monopoly price. Only one company can create an industry's product with no feasib...

Q: Question 26 The one variable that stands out as the most significant explanation of large variations...

A: Different countries have different living standards due to variables like changes in real GDP per ca...

Q: Which of the following statements is (are) correct? (x)  Economists distinguish between short run a...

A: Short run and Long run are related to the time period of a business or firm. 

Q: Describe a cost-benefit analysis.  Explain the role of sunk costs in decision-making.  Differentia...

A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...

Q: Consider the following example: Jordan currently works for a corporate law firm. She is considering ...

A: Note:- As per the honor code, we can only answer upto three subparts, we'll answer the first one. Pl...

Q: The law of demand is an inverse relationship between the price and quantity demanded. Explain how th...

A: According to the law of demand, there is an inverse relationship between the quantity demanded and t...

Q: Suppose a government has no debt and a balanced budget. Suddenly it decides to spend $10 billion whi...

A: The federal government's budget is one of the most divisive subjects in American politics today. The...

Q: Let r, be a stationary AR(1) process with r=1.5+0.8 r-1+Vt, where the error terms v1, V2, V3, ... ar...

A:

Q: The creation of the Interstate Commerce Commission (ICC) led to the federal government regulating th...

A: A growing public outcry in the 1880s about railroad malpractices and abuses led to the creation of t...

Q: Write your own definition of globalization?

A: International trade refers to the export and import of goods and services between different countrie...

Q: Question 6 The table below describes the cost functions for a food manufacturer. Total Fixed Variabl...

A: Total cost is the sum of fixed cost and variable cost. Fixed cost does not depend on output and rema...

Q: In the choice of mechanical equipment you are required to submit your recommendation as to which of ...

A: To determine the better cost effective option among the two , we find calculate the annual cost of b...

Q: The following table gives estimated coefficients for the equation you identified in the previous que...

A: Money Demand is defined as the demand for money in an economy. It depends on the Rate of Interest an...