Q: If the supply and demand functions are specified as follows : a. P = 10 - 2Q and P = 2/3Q + 1 b. Q =...
A: P=10-2QsP=2QD3+1 The normal supply and demand function in terms of price levels will be, 2Qs=10-PQs=...
Q: Problem 3 The preferences of a typical Californian can be represented by the following utility funct...
A: The utility function for preferences of consumer is: U=α×lnx1+1-α×lnx2 And the budget line with m(in...
Q: With the aid of a diagram, show the effect of the following changes on the equilibrium price, quanti...
A: Hello, thank you for the question. Since there are many sub-part questions posted here, as per the p...
Q: The price elasticity of demand can be found by: comparing the percentage change in quantity demanded...
A: Elasticity of demand refers to the changes in the quantity demanded in response to the changes in th...
Q: Question is in the photo
A: In an economy, economic resources such as land, labor, capital, and entrepreneurship, are scarce in ...
Q: M purchased a small lot in a subdivision. paying P200 000 down and promising to pay P15 000 every 3 ...
A: HI student, thanks for posting the question. As per the guideline, we are providing answer for the f...
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...
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A: A cartel is an organization of the market producers made in order to dominate the market through the...
Q: Explain it correctly I upvote
A: We are given the following information: IS equation, Y =750-s-1000i+5e(Pf/P) LM equation, i = 0.5(1+...
Q: Explain it early and correctly all the subparts
A: 2018 is the base year The price index of 2019 = Basket value in 2019 X 100/ Basket value in 2018
Q: If a good is inferior and the price increases, then the income effect will be O negative O ambiguous...
A: Income effect refers to the effect where the change in income leads to more of quantity demanded. In...
Q: Disney just raised its 3 day 3 park pass from $110.00 to $121.00. Sales fell from 4,000 per week to ...
A: P1= $110.00 P2 = $121.00 Q1 = 4,000 per week Q2 = 3,000 per week
Q: Make up an example of a monthly demand schedule for pizza and graph this implied demand curve. Give ...
A: Demand schedule refers to the table that shows the demand for good at different price level.
Q: Some have argued that higher cigarette price do not deter smoking. While there are manyarguments bot...
A: In economics, the price of any product depends upon the market determinants that are demand and supp...
Q: You can spend spring break either working at home for $80 per day for five days or go to Guam for th...
A: The opportunity cost is the value of the next best alternative.
Q: (question has three parts below) In Gainesville, people hold $1,000 of currency and $4,000 of demand...
A: 1. Given:Currency=$1000Demand deposits=$4000Reserve-deposit ratio= 0.25 Money supply=Currency+Dema...
Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...
A: The socially efficient level of aggregate emissions is achieved when marginal abatement costs and ma...
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Q: Suppose that an increase in the price of a good leads to an increase in total revenue. Ignoring othe...
A: Total Revenue: The term total revenue refers to the amount that is received by selling the output. I...
Q: Alfred desired 9,000 as the proceeds of a 90-day loan from B who charges 5% interest in advance. Wha...
A: Given, Loan amount = 9,000 Time = 90 days Interest rate = 5%
Q: Question is in the photo
A: Production Possibility Curve shows different combination of two goods that can be produced in an eco...
Q: 3. Kosar Manufacturing has collected the following information on one of its major products. Most ef...
A: Total cost and total inventory cost and back order cost is showing below in the spread sheet.
Q: Example scenarios of five forms of money
A: Money is an object that is accepted in form of payment for any goods or services in a country. It is...
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A: Given: The quantity demanded and the price is: (q, p) Quantity demand(q) Price (p) ($) q1, p1...
Q: Suppose you could buy shoes one at a time, rather than in pairs. What do you predict the cross-price...
A: According to question one can purchase only one shoe at a time either left shoes or the right shoes....
Q: I need help with scenario 3 A key skill in economics is the ability to use the theory of supply a...
A: The market equilibrium is achieved when demand is equal to supply. U.S government reduces tariff on ...
Q: Q.1.1 Kenya has a comparative advantage over Uganda in the production of sugar if it: (2)(1) Is able...
A: Comparative advantage is a concept which was given after the theory of absolute advantage and which ...
Q: Solve it correctly
A: The consumer chooses that bundle of good where his/ her indifference curve is tangent to the budget ...
Q: For each question,start with a supply and demand graph of the market for tennis rackets. What happen...
A: Let the starting equilibrium graph be,
Q: just answer the part e notice that you can do part e without the answer of abcd.
A: The ‘50’ in the utility function did not have any influence on the optimal consumption bundle. The ‘...
Q: (Answer the c) Its is known that the demand function for a product is P = 24 - 1/2Q and the supply f...
A: Answering only part c: Demand: P = 24 - 1/2Q Q = 4 + 2P P= Q/2-2 Equilibrium: Q=22 units, P= IDR13 ...
Q: Question 3 on Topics 6 & 7 COVID-19 has sent the economy of Classica into recession. The finan...
A: (i) Cut in stamp duty will definitely motivate people to buy houses because a decrease in stamp duty...
Q: Describe the gold standard monetary system.
A: Monetary system refers to the system within which the government circulates the money in the domesti...
Q: Q.1.9 If a household’s income falls from R12 000 to R10 000, and its consumption fallsfrom R9 500 to...
A: MPC = change in consumption/change in income MPC = ∆C/∆Y Change in income = R(12,000-10,000) = R2,00...
Q: Assume that the percentage increase in income (%ΔI) is 4% and the percentage decrease in the quantit...
A: ANSIncome elasticity measures the degree of responsiveness of demand (DD) due to a certain change in...
Q: Think about a country where most economic production comes from factories that create air pollution....
A: 1. To have a lower level of pollution, factories may cut down the production to lower down the level...
Q: (Answer the f) Its is known that the demand function for a product is P = 24 - 1/2Q and the supply f...
A: Demand: P = 24 - 1/2Q Q = 4 + 2P P= Q/2-2 Equilibrium: Q=22 units, P= IDR13 The government provides...
Q: Discuss the different types of markets. what are the key forces driving the new marketing realities?
A: Market structure is defined as how many firms are operating in the market and how much market share ...
Q: Which statement best describes a Nash equilibrium applies to price competition? 1. Two firms cooper...
A: The Nash Equilibrium is a concept of choosing the best by not moving away against their original app...
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)
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- A _____ is a certificate of indebtedness and a _____ is a claim to partial ownership in a firm.Why does OSHA face a daunting task in regulating workplace safety? (Just describe one reason)J is insured in an accident on K premises. K has a commercial general liability policy with a 300,000 combined single limit. The court of awards J $6,000 for medical expenses and 15,000 for pain and suffering. The court costs in attorney fees charged to K amount to $4,800.In this situation, k’s policy will pay?
- An applicant for an insurance producer license is not required to Obtain a bond Successfully complete a pre-licensing course of study Maintain a good business Attain the age of twenty-one yearsWHAT HAPPEN TO THE PHILLIPINE AIRLINE DURING COVID 19 COMMUNITY HOME QUARANTINE? WHAT HAPPEN TO THE THE EMPLOYEES OF PHILLIPINE AIRLINE? HOW DID THIS AFFECT BOTH COMPANY AND EMPLOYEES. WHAT ACTIONS WERE TAKEN BY THE COMPANY TO RESOLVE OR LESSEN THE IMPACT TO THE BOTH AFFECTED STAKEHOLDERSPlease solve within 30 minutes. Avoid plagiarism make it different from others.