f current output is less than the profit-maximizing output, then the next unit produced

Q: IT Quantity of labor (workers) Total product (hair stylings per day) 1 10 2 25 3 45 4 60 70 The abov...

A: Total product shows relationship between total output produced and number of workers hired  

Q: The following equations describe a Keynesian model of a closed economy:         C = 500 - 0.5(Y - ...

A: C = 500 - 0.5(Y - T) - 100r I = 350 - 100r L = 0.5Y - 200i πe = 0.05 G = T = 200 Y = 1850 M = 3560

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: Central bank increased the loans to private banks. How would it affect private banks’ reserves: Decr...

A: When central bank provide collateralized loans to banks, the asset side of the bank changes from Dec...

Q: In your own words, briefly describe the scenario Plato depicts in his allegory. Consider the followi...

A: 1 Plato has used over the allegory and it is a way that one can discuss in the deceptive appearances...

Q: An industry has four firms, each with a market share of 25 percent. There is no foreign competition,...

A: Given market share of 4 firms = 25 % The Herfindahl Index(HHI) is calculated by squaring the market ...

Q: Set-E4. What is the effective annual interest rate if a credit union pays 4.125% interest (a) compou...

A:

Q: indeed support the collusive equilibrium. Now suppose that Firm 2’s marginal cost is $4, but Firm 1...

A: The correct answer is given in the second step.

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: 1. Consider the production functions for good X and good Y: X = K? +L ; Y = 20/KL A. Show and discus...

A: The marginal product of labor is the ratio of change in output to the change in labor. It means as l...

Q: A manufacturer, who produces medicine bottles, finds that 0.1% of the bottles are defective. The bot...

A:

Q: Consider Live Happley Fields, a small player in the strawberry business whose production has no indi...

A: Production Schedule:  

Q: Why are monopolies considered an abuse of power?

A: Pricing power is frequently restricted by rivals and the prospect of customers switching to alternat...

Q: Note: Plot your points in the order in which you would like them connected. Line segments will conne...

A: Labor Output Marginal product of labour Fixed cost Variable cost Total cost 0 0 0 50 40  (50+40)=9...

Q: Discuss how the public provision of education can lead to less consumption of education than before ...

A: Public good implies a particular role for government. Economists define a public good as satisfying ...

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 the central bank announces that it will increase the money supply in the future, but it does...

A: When the central bank announces to increase the money supply in the coming future but does not raise...

Q: Capital stock in year 15 (i.e., K15) is equal to

A: Given information K0=21934 N0=103 A=13 s=0.2 d=0.08 n=0.01 an=0.7 ak=0.3  

Q: What is the difference between the CMS-1500 form and UB-04 form? Why is it important to complete the...

A: There are notable differences between both the forms and it is also important that these forms are c...

Q: In a survey of buying habits, 400 women shoppers are chosen at random in super market 'A' located in...

A:

Q: If Japan has low inflation and the Philippines has high inflation, what will happen to the exchange ...

A: In the international market, the value of currencies are highly influenced by the inflation rate in ...

Q: What is the future value of $2000 per year for 5 years invested at 10%? * O a. $3,221. O b. $12,210....

A: Using an expected growth rate, future value (FV) projects the worth of a current asset into the futu...

Q: The consumer price index was 225 in 2021 and 234 in 2022. The nominal interest rate during this peri...

A: Consumer price index is an index used to measure the change in price level, that is inflation.

Q: a halving price of the prices of good A and Good B have the same effects on the budget line as doubl...

A: Budget line shows different combinations of two goods that can be bought with a given level of incom...

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: 20. In actual practice, short-term interest rates and long-term interest rates usually move together...

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

Q: 8. A dealer makes a net profit of 40% based on when he sells a computer for RM 1350. If the operatin...

A: Breakeven price "it is amount of money or change in value for which  an asset must be sold to cover ...

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: 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: 15. If a financial institution has a portfolio that half (50%) consists of bonds with a tenor of fiv...

A: The financial portfolio is made for minimizing the risk and maximizing the profit.

Q: Apply the cross elasticity of demand formula to explain why a decrease in the price for eddoes from ...

A: Answer iii. The cross elasticity of demand is an economic concept that assesses how responsive a qua...

Q: Suppose you invested $1000 annualy over a 15 year period. If money earns an annual rate of  1% compo...

A: Invested amount per year = $1000 Time period for investment = 15 Interest rate = 1%  

Q: uppose you invested $1000 annualy over a 15 year period. If money earns an annual rate of  1% compou...

A: Following are the given values: Annuity amount, A = 1000 Time, n = 15 years Interest = 1%  

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: Discuss the socially optimal quantity of a public good? Explain using a diagram.

A: PLEASE FIND THE ANSWER BELOW.

Q: A manufacturer claimed that at least 95% of the equipment which he supplied to a factory conformed t...

A:

Q: Which of the following arguments is truth? a. Ali is a banker. All bankers are rich. Therefore, Ali ...

A: a. Ali is a banker. All bankers are rich. Therefore, Ali is rich. b. All dogs are mortal. Lucy is m...

Q: What happens to interest rates in the market when bond prices fluctuate a lot

A: Bond price:- Bond price can be explained as discounted present value of a bond's anticipated cash fl...

Q: Keynesian View on the Government’s Role in the Economy: Explain how Keynes concluded that the govern...

A: The macroeconomic economic theory of total expenditure in the economy and its consequences on output...

Q: (a) A firm produces two product brands, the quantities of which are x1 and X2. The demand for brand ...

A: Introduction Here given profit equation is π ( x1 , x2 ) = 30 x1 - 3 x12 + 5 x1 x2 - 2 x22 + 10 x2 H...

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: Following our discussions of "bargaining" between transnational enterprises and host country governm...

A: Any procedure in which the participants attempt to achieve an agreement is referred to as bargaining...

Q: We consider a CES production function. Y = A + (1 – a)L̟º Q1: As o → 1, prove the Cobb-Douglas produ...

A: Given production function Yt=AαKtσ-1σ+(1-α)Ltσ-1σσσ-1  

Q: A certain business guarantees an earnings of 25,000 every month and a final addition earning of 85,0...

A: The final worth can be calculated by adding the amount of 85000 with the amount that is received whe...

Q: Joe has just moved to a small town with only one golf course, the Northlands Golf Club. His inverse ...

A: Given, Joe's inverse demand curve, p = 120 - 2q. Marginal cost = $20 Thus, at marginal cost $20, dem...

Q: are two conditions that create the S-Shaped Growth. It the carrying capacity somehow consumed by the...

A: There is an S-shaped growth because at the beginning when there is no capital and less production so...

Q: Q6) A new municipal refuse-collection truck can be purchased for $94,000. Its expected useful life i...

A: The purchase price of truck (I) is = $94000   Annual receipts less expenses (A) is = $17000   Salvag...

Q: Match each mathematical expression to the term below which represents its meaning: AU/AL is Ac/Ae is...

A:

Q: Tropical Leisure Limited has been making high quality Caribbean leisure wears for over twenty-five y...

A: The question is based on the paragraph. this is about a leisure company's production, profit, and lo...

Q: Define Say’s Law

A: Economics studies the way of economies work.