Explain why an increase in the price of an input must typically cause an increase in the long-run total cost of producing any particular level of output.

Q: Countries with a_reliance on exports is likely to show a correlation of export growth to equity retu...

A: The degree to which two variables move in lockstep is referred to as correlation in statistics. A po...

Q: Column A 1. The analysis and evaluation of the factors that will affect the economic success of engi...

A: Hi! Thank you for the question, as per the honour code, we are allowed to answer three sub-parts at ...

Q: A monopoly's inverse demand function is  p= 160-4q and it has no fixed costs. Initially marginal co...

A: Demand function shows the utilitarian connection between Quantity requested for an item and its diff...

Q: Industry demand is given by P = 200 – .4Q. The long-run industry costs are such that: LAC = LMC = $8...

A: A monopoly is a single firm that maximizes profit at MR =MC  A perfectly competitive is one of the m...

Q: To align personal and corporate goals, firms need to have a strong ethical climate, explicit rules f...

A: In a mane, a firm enters with having some corporate as well as personal goals to operate a business ...

Q: Which of the following statements regarding price-based and quantity-based policies is correct? A) ...

A: Option A: Incorrect A tax on carbon is not a quantity-based policy but a price based policy. Option ...

Q: a) What is the growth rate of output per worker before the change? What happens to this growth rate...

A:

Q: 3. If U(z, y) = 1yl/2 and the budget is M pir1 +P2T2: a. What is Walrasian Demand? What does it repr...

A: Answer a. A consumer's Marshallian demand function is a more technical elaboration of the basic dema...

Q: In each state, how many stable steady states are there?

A: The steady-state represents the economy's long-run balance. The steady-state model assumes that leve...

Q: Question 2 Assuming that, due to an improved political outlook in the United States, some economists...

A: If governments do not impose trade barriers, the exchange rate between two national currencies is al...

Q: Assume that the government sets a price floor in the market for wheat and the price floor is set bel...

A: Price controls aim at setting a minimum and maximum prices for the product for the welfare of the pe...

Q: Which of the following statements are FALSE, all else being equal? Choose TWO The better the unemplo...

A: Consider option 1: The better the unemployment benefits, the lower the natural rate of unemployment ...

Q: Fiscal policy and Monetary policy what effect can they have on macroeconomic, name any policy that h...

A: In an economy, monetary and fiscal policies are two measures action by the government and central ba...

Q: A college freshman borrowed P5,000 from a bank for his tuition fee and promised to pay the amount fo...

A: Given information: Borrowed amount = P5000 The amount received after interest deducted = P4745  

Q: What is the price elasticity of demand at the profit-maximizing price for a company that has demand ...

A: Given  Demand function faced by the profit-maximizing firm Q=140-0.2P Cost function C=100Q

Q: b. The tax system is regressive for income levels less than $100,000 and progressive for income leve...

A: A regressive tax is one where the average tax burden decreases with income. Low-income taxpayers pay...

Q: 2. Suriname and Paraguay consume two goods, coffee and machines, and labour is the only input into p...

A: Amount of production of both the goods in both countries can be stated as : Number of units produced...

Q: 20 18 16 14 12 10 8 D 4 2 0 1 2 4 5 6 7 8 9 10 11 12 Quantity Suppose that supply and demand at a ma...

A: please find the answer below.

Q: Goals and objectives of Poverty Alleviation Program in the Philippines.

A: As a product is manufactured and put into production, cost  is calculated and business follow ups. B...

Q: Figure 8-6 The vertical distance between points A and B represents a tax in the market. Price 22 k 2...

A: Consumer Surplus when there is no tax = 1/2*(22-10)*600 = 300*12 = 3600 Consumer Surplus when there ...

Q: Consider a modified aggregate supply function which takes account for the emergence of random busine...

A: Output Equation in the economy - yt = πt - πte + y⏜ Where πt = Actual inflation rate , πte = Expecte...

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows (s...

A: In Market for Goods and Services, firms sell goods and services and household purchase those goods a...

Q: How does a lack of competition affect prices and output?  Describe what the role of government is in...

A: The markets are the place where the buyers of the products tend to interact with the producers. The ...

Q: The best measure of economic growth adjusted for the population of a nation is the increase in: O re...

A: Real GDP measures the market value of goods and services using constant prices whereas nominal GDP u...

Q: Let there be two countries: Netherland (N) and Switzerland (S) producing and consuming two commoditi...

A: a) As per the information given in question, unit labor requirement of M in country N is 9, let this...

Q: If Amit's Curry House took in $35 000 in revenue last week and had out-of-pocket expenses of $31 500...

A: please find the answer below.

Q: The graph below shows the budget constraint between income and leisure for an individual. For every ...

A: A budget is a tool for forecasting a company's financial results and future financial state. It's us...

Q: Table: Population Data for Estill County Demographic Group Employed Unemployed and looking for work ...

A: Labor force = Employed + unemployed looking for work = 5000 + 1000 = 6000  

Q: What are some key economic characteristics of Japan export strategies?

A: The production, distribution, exchange, and consumption of products and services are all organised b...

Q: When Target charges $95 for a children's game, they sell 100 units. Wwhen they charge $84, they sell...

A: Introduction: In economics, demand is the quantity of an item that customers are willing and able to...

Q: A) The prediction that population growth and growing affluence would outstrip supply would mean risi...

A: Graph represent world oil price and global oil consumption. Prices per barrel are taken on Y-axis an...

Q: Suppose that each firm in a competitive pizza market has the following identical cost: Total cost: T...

A: Introduction TC = 25 + 1.5 Q2 MC = 3Q AC = 25/Q + 1.5Q Q TC MC AC AFC AVC 1 26....

Q: 下午3:41 1月14日周五 Yuki 12.31 AP环科课程反馈,pdf ... 89. In a human population undergoing the demographic tran...

A: The study that depicts the changes which tend to occur in the human population is known as demograph...

Q: 18 MC1 16 14 12 10 ATC1

A: An economic profit is the difference between the revenue a commercial entity has received from its o...

Q: Suppose the demand for Car is given by Qd = 1000-0.5P  and that the supply of Car is given by Qs=2P-...

A: Qd = 1000-0.5P Qs=2P-300

Q: Price (dollars per gallon of ice cream) 20 18 16 So 14 12 10 8 50 100 150 200 250 300 350 Quantity (...

A: please find the answer below.

Q: II. PROBLEM SOLVING: BALANCE AND SOLVE THE PROBLEM. WRITE YOUR ANSWERS ON THE SPACE PROVIDED. Balanc...

A: In this question we have to find out the total assets, total liabilities with the help of the above ...

Q: Express your thoughts/ideas regarding the given topic "My home.

A: ANSWER:   MY HOME : * Home is place where we stay with our families and live safely :The saying East...

Q: the Valuc Personal disposable (net) income ii. GDP Total Savings i. iii. p) Assuming the U.S economy...

A: Considering a closed economy meaning economy is not open to foreign trade. Personal Disposable (net)...

Q: Jed opened a savings account and deposited P900.00 as principal. The account earns 15% interest, com...

A: Given information: Principal Amount (P): P900.00 Interest rate (r): 15% compounded continuously Tim...

Q: 20 18 S 16 14 12 10 8 Page 1 D 6 4 2 0 1 2 3 4 5 6 7 8 9 10 11 12 Quantity Suppose that supply and d...

A: $6 per unit tax imposed on the buyers means that the buyers will pay $6 more than what the sellers w...

Q: What type of corporation is it if the corporation is registered in a foreign country? Select one: O ...

A: Answer: Alien corporation: if a corporation is registered in any foreign country (say Japan) and doi...

Q: Lawnlech sells its laser hedge trimmer at a price of $275, and estimates price elasticity of demand ...

A: Elasticity of Demand measures the percentage change in qunatity demanded due to percentage change in...

Q: At Fenway Park, home of the Boston Red Sox, seating is limited at 39,000, Hence, the number of ticke...

A: Answer-

Q: 2) What is the difference between the long-run aggregate supply and the short-run aggregate supply c...

A: Answer: Aggregate supply refers to the total output produced by the firms in an economy. Short-run a...

Q: What is the Nash Equilibria of the following game? Penalty Game Keeper L R Striker L 1,-1 -1, 1 R -1...

A: We will find the mixed strategy Nash equilibrium of the given game. Mixed strategy is the randomizat...

Q: A consumer has $600 to spend on good x and y. Her preferences can be represented by the utility func...

A: Given; Income of the consumer= $600 Utility function; U(x,y)=y+100In x Price of good x= $10 Price of...

Q: P P=7 lo=7 On the following diagram, if there is a $3 tax imposed on buyers, what is the tax burden ...

A: In the given figure, the initial equilibrium is achieved at price of $7 and quantity of 7 units. 

Q: What are the independent and dependent variables of US-Iran Conflict on the strait of Hormuz and its...

A: The strait of Hormuz serves as an globally important narrow water way which connects the Persian gul...

Q: Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.0...

A: The ratio of two different commodities' prices is referred to as a relative price. These prices are ...