For each of the following events, what is the likely effect on GDP?

Q: a) Employ the skill circle model and calculate skill range, skill range and total labor cost per wor...

A: Workers = 240 Training cost (T) = $ 1260 / hr Wage (W) = $80 / hr

Q: 2. Consider the following normal-form representation of a simultaneous game. Player 2 C Player 1 T 3...

A: Nash equilibrium is achieved when the players chose one outcome the maximum times. In this game the ...

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Managrial economics is a part of financial matters including the utilization of monetary techniques ...

Q: Each of the transactions indicated in Q.3.1.1 to Q.3.1.5 must be entered into South Africa’s Balance...

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: Pizza is a normal good if the demand a. for pizza rises when income rises. b. for pizza rises when t...

A: Demand is an economic principle that refers to a consumer's desire to purchase goods and services, a...

Q: The relationship between output and eoyment is: O dirgct inverse Oup and down repeatedly constant

A: Firm hire labor in order to produce the required output and give them wages in exchange of their ser...

Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What a...

A:

Q: Select the correct one : Q-1) President Biden wants to increase the estate tax (the tax on wealth w...

A: An estate tax is a levy levied on estates whose value exceeds a statutory exclusion limit. Just the ...

Q: A downtown bar serves a drink that UCSB students love. The profit-maximizing owner knows that any gi...

A: Producer surplus is the area above the supply curve and below the market price. It means both price ...

Q: The TopCar Industries manufactures and sells car components. The current annual sales volume is 500,...

A:

Q: fa low cost house and lot worth P 87,000 vere offered at 10% down payment and P 500 per month for 25...

A:

Q: We say that rent stabilization creates rationing because . . . (a) Those who are in rent stabilized ...

A: Rent stabilization is a type of price control.

Q: US-Mobile manufactures and sells two products, tablet computers (55% of sales) and smartphones (45% ...

A: The breakeven point is the level of production at which a product's costs equal its revenues. The br...

Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...

A: The markets are the place where the buyers and the sellers of the goods and services get involved in...

Q: A Maximum Price set below the equilibrium price is called a______

A: Price ceiling A Maximum Price set below the equilibrium price is called a Price ceiling. The term "p...

Q: )What type of protected intellectual property gives an inventor the sole right to make, use, ell, an...

A: Intellectual property refers to the intellectual creation which can be differentiated from other typ...

Q: Macroeconomics LESSON 6 ACTIVITY 42 (coninued) (F) In the short run, what happens to the price level...

A: The forces of aggregate demand and aggregate supply determine the macroeconomic equilibrium of an ec...

Q: Japan and the United States are major trading partners and the exchange rate between the Japanese ye...

A: Flexible exchange rate A flexible exchange rate system refers to in which the exchange rate is deter...

Q: The unemployment rate of a certain country shortly after the Great Recession was approximately 5t + ...

A: Given  The employment rate is given by  ft=5t+301t2+23    0≤t≤4 t =0 corresponds to the beginning of...

Q: Please answer both Thank you

A: The price elasticity of demand is the ratio of percentage change in quantity demanded to the percent...

Q: 180 Supply i i 10 25 80 90 QUANTITY (Units) For each of the regions, use the midpoint method to iden...

A: The elasticity of supply is defined as the responsiveness of the supply of a good or service in resp...

Q: ssess the following statements: 1. At any moment in time, households (in aggregate) demand a greater...

A: Statements 1) 1st statement is true because when the interest rate is lower then firms wants to acqu...

Q: Economic development of a country requires

A: To find : Factor for economic development of a country. 

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: Managerial economics aspects is characterized as discipline of financial matters worried about use o...

Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life expect...

A: Given Information: Life expectancy(LEV) =67 years Adult Literacy= 68% Gross enrolment = 50% GNI pc= ...

Q: 1. Consider the strategic form game represented by the following bimatrix, where player 1 is the row...

A: The given matrix is:

Q: How do taxation and government spending impact the economy of a country positively in three ways and...

A: Positive impact of taxation Cutting taxes enhance demand by increasing disposable income and encoura...

Q: economic system differ from the American economic system in terms of the relationship between state ...

A:

Q: QUESTION 16 Af 60 per cent of the population in a country is employed and average labour productivit...

A: A) As per the information given in the question: Real GDP per person is computed as follows: Real GD...

Q: Describe the need versus the want for a Samsung cellphone.

A: Let us image the case of a farmer who produces barley. The farmer may receive many customers for his...

Q: A firm has the production function F(K,L) = L14K. This firm has %3D a. diminishing MRTS and diminish...

A: The marginal rate of substitution refers to the rate at which one good is sacrificed to get one addi...

Q: For K > 0 andL > 0, the production function F(K,L) = 2KL + K has a. increasing returns to scale b. d...

A: It has given that, K > 0 and L > 0 Now,F(K,L)=2KL+KAs K>0 and L>0lets assume K=2 and L=2...

Q: A manufacturing firm has a total cost curve : TC= 0.25Q^3 - 6Q^2 + 50Q + 240, and a marginal cost cu...

A: It has given, TC=0.25Q3-6Q2+50Q+240MC=0.75Q2-12Q+50Now,MC'(Q)=1.5Q-12=0Therefore,1.5Q=12Q=8Now, for ...

Q: Aerotron Electronics is considering purchasing a water filtration system to assist in circuit board ...

A: Present worth is the worth that has more value today than in the future. It means the money value is...

Q: 3. Suppose that you are interested in answering the question of how consumption reacts to tax increa...

A: When there is a tax increase it would lead to the less consumption, as the people have less money to...

Q: A loan of P95000 is borrowed for 240 days at a simple interest rate of 12.3 percent per year. What a...

A: Loan Amount = 95,000 Days = 240 rate = 12.3%

Q: 6. When Marginal Utility is positive, Total Utility

A: To find: What happens to total utility when marginal utilities will be positive. 

Q: The Efficient Markets Hypothesis (EMH) described by Fama (1984) is comprised of three components; we...

A: Introduction: The efficient market hypothesis (EMH), sometimes known as the efficient market theory,...

Q: What mean economic

A: Microeconomics and macroeconomics are two commonly known branches of economics. Individual economic ...

Q: 2.5 Assuming that the price of fuel is $5.00/GJ and is increasing at a rate of 4%/year while the dis...

A: Given information At current price of fuel=$5.00/GJ Price increasing 4% per year Discount rate= 6% N...

Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life expect...

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: For a 20-year geometric cash flow progression increasing at 2% per year, the first-year amount is P1...

A: Future worth is used to determine the value of an asset in the future.

Q: Given that velocity is 4, real GDP is 8, and the price level is 2. Suppose that the Central Bank dec...

A: Given  Velocity v=4, real GDP Y =8 and price level P=2 We have to find percentage change in nominal ...

Q: 3. Why is there unemployment in a labor market with flexible wages? Explair

A: The term unemployment refers to a situation when someone who is actively looking for employment is u...

Q: The population of the world in 2015 was 9.75 billion people and was growing at a rate of 1.25% per y...

A: i. Given the population of the world in 2015= A=9.75B Let 2015 be period t=0 At period t=T, the tota...

Q: The demand function for FreshFood Exclusive Brand's product is D = 80 - 2p , where D is the number o...

A: Demand function D = 80 -2p => p = (80 -D)/2 => p = 40 - 0.5D ------------------ Total revenue ...

Q: A risk averse individual faces a risk. The individual's utility function is U(W)= In(W) where W is t...

A: Fair insurance = probability of loss*loss amount Part a Here the probability of loss is 0.2 and the ...

Q: Mary deposits $3,000 into a bank account that pays an annual interest rate of 10%. After 3 years, sh...

A: In an inflationary economy, unevenly growing prices eventually diminish some customers' purchasing p...

Q: 1) Four mutually exclusive alternatives are being evaluated, and their costs and revenues are itemiz...

A: Present worth is an equivalence method of analysis in which a project's cash flows are discounted to...

Q: 1. How do the different branches of government work together to implement public policy?

A: As a consumer or a capital good is manufactured, cost is initiated and process of business follow up...