f a person performing a task has been achieving an 75 percent learning curve and if it took 53 minutes to produce the first unit, the total time to produce 800 units will be 4165.3 minutes. True False

Q: 1. Consider the following table with data about monetary aggregates (billions of dollars, seasonally…

A: An economic growth rate is the rate change in the worth of the products in general and…

Q: could be better off with the quota than without it.) P(E) 30-

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A: Monopoly is the market where the producer enjoys the privilege of determining the price in the…

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A: Producer surplus is the difference between the actual market price and the minimum amount a producer…

Q: How can business establishments take advantage of the law of diminishing marginal utility?

A: According to the theory known as the law of diminishing marginal utility, the amount of pleasure or…

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A: There are many types of regulations. Two of them are social regulation and industrial regulation.…

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A: Given Principle = 1500 Interest rate = 7% Inflation rate = 3% Trip cost = 1600

Q: 3. Sanders Corp. is considering three mutually exclusive alternatives for one of their production…

A: Year Option #1 Option #2 Option #3 0 -8 -13.9 -24 1 2.6 4.05 0 2 2.6 4.05 3 3 2.6 4.05 6 4…

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A: Contractionary fiscal policy:- When the government either slashes expenditure or hikes taxes, it is…

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A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: what is Neoliberalism in a nutshell?

A: Neoliberalism is one of the economic thoughts to describe the efficiency of a market or an economy,…

Q: The market demand for a good is P = 70 - Q. The good can be produced at a constant cost of $10. How…

A: There is a single firm in the monopoly market and it is price maker while in the perfectly…

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A: Game Matrix: Firm 1/ Firm 2 High Medium Low High 3, 2 4, 1 5, 0 Medium 1, 6 5, 4 3, 3 Low…

Q: 29- A company finances the sale of its machinery and equipment for a period of 24 months at an…

A: Given information, Present value (P): R$50,000.00 Time period (N): 24 months Interest rate (i):…

Q: what are some proms and cons of being an environmental economist

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Q: Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of…

A: Tax revenue is defined as the revenues collected from taxes on income and profits, social security…

Q: Let us suppose the market size is 22,218,564 for a self cooking oven. The imitation rate is 0.29 and…

A: Frank Bass created the diffusion model known as the Bass model. It is a straightforward differential…

Q: Given the total cost equation: level of Q yields the minimum cost of production? TC = 32 + 2Q², what…

A: Average total cost is implied as the total of all production costs divided by the total quantity of…

Q: Can you explain or give me an overview of the chinese economy?

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Q: From 2017 to 2018, nominal GDP The inflation rate in 2018 was and real GDP Why is real GDP a more…

A: Nominal GDP is calculated by measuring current year prices and current year quantities  Nominal GDP…

Q: How can a hotel become better in the short run? And in the long run?

A: In economics the long run refers to a time period wherein all factors of production and costs will…

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A: When money is provided to someone else with the understanding that it would be returned along with…

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A: GDP measures the total market value of all completed products and services produced in a nation…

Q: Suppose that the demand curve for wheat is and the supply curve is The government provides producers…

A:

Q: The statutory incidence of an excise tax of $50 dollars is placed on the seller of a good but the…

A: Excise tax is defined as the tax that is imposed on specific goods or services like, fuel, tobacco…

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A:

Q: MMCM purchased an equipment which is going to be used by the students for their laboratory. To…

A: The present value of an annuity alludes to how much money would be required today to fund a series…

Q: .  Suppose the countries specialize. Which country will produce cars?   D. Once they specialize,…

A: According to comparative advantage theory, if there are two countries A and country B produce two…

Q: You own a small business and want to increase the total revenue you collect from sales of your…

A: Total Revenue is the total amount received by selling all the units of output. Total Revenue is…

Q: Describe the Cournot and the Bertrand models. Discuss the main critics to both models.

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Q: In conducting a replacement study, all of the following are correct viewpoint for the analyst…

A: Cost refers to the monetary value of expenditures for supplies, services, labor, products,…

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A: Economics is the stdy of allocating scarce resources efficiently and effectively. It is the study of…

Q: Suppose that Omar’s marginal utility for cups of coffee is constant at 1.5 utils per cup, no matter…

A: Marginal utility is the additional utility that has been gained by consuming one more unit of good…

Q: What is the difference between the adjusted and unadjusted gender wage gap, and what are their…

A: Wages: We know that It refers to the money or income of the employees who get paid for their work.…

Q: Which one of the following is not a characteristic of good problem statements: Activities and…

A: Before problem-solving teams begin, they should be given (or established with) a Good Problem…

Q: Which of the following explains why a decrease in the price of a normal good will lead to an…

A: In economics, everything that is directly correlated with consumer income is referred to as a…

Q: 5. What type of goods should be taxed in order to minimize deadweight loss?

A: Efficiency costs Cost efficiency is the practice of reducing costs by improving a product or…

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A: The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy…

Q: 2-6 Suppose County A and B produce only paper and cars. Country A can produce 8 tons of paper or 4…

A: Within the function, consumer PPC is limited and constrained. It illustrates a tradeoff between…

Q: tephanie loans P400,000.00 from a bank with interest at 6% compounded annually. She agrees to pay…

A: Loan amount = P 400000 Annual interest rate (R) = 6% Period of the first payment (t) = 10 Years

Q: From 1950 - 2007, recessions in the United States   A. did not occur.   B. became more severe than…

A: Recession :- A recession occurs when economic activity declines for a protracted period of many…

Q: Figure 7-2 P2 P1 Price A с D Q1 B Q 8 Supply Quantity

A: Producer surplus refers to the benefits a producer gets (in monetary terms) by selling its products…

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A: The term "compounding" refers to "the rise in value of an investment due to the interest generated…

Q: Suppose the present value of a series of payments is equal to R84 398 and the (constant) nominal…

A: Present value will be calculated as the value of series of payments (PMTs) in future expressed as it…

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A: A price ceiling is the commanded maximum sum a vender is permitted to charge for an item or…

Q: Explain the basic idea of the Job Market Signalling Model.

A: Asymmetric information, or a departure from perfect information, is the foundation of signalling. It…

Q: ured in South Africa? List ALL the components

A: Solution  M2 =M1 + money deposits + money market funds + certificates of deposites + other time…

Q: •You have $400 allocated for your monthly food budget. You can either purchase meals at a restaurant…

A: Price of restaurant meal = $8  Price of groceries = $2 Monthly budget = $400