For state and local governments, what are the three most important sources of revenue and types of expenditure?

Q: Explain it correctly.  Not copy paste anything solution

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...

Q: Draw the cost curves for a typical firm. Explain how a competitive firm chooses the level of output ...

A: In a structure of market where there is perfect competition, the price(P) is taken and cannot be cha...

Q: A Veterans Administration (VA) hospital isto decide which type of boiler fuel system will mosteffici...

A: Cost method of annual equivalent is used whenever the expense is only included in the specific proje...

Q: Define the term, “inflation” and indicate the index that is used to measure the rate  of inflation.

A: Inflation: The term inflation indicates the rise in the price of goods and services. The goods can b...

Q: Determine whether each of the following would cause a shift of the aggregate demand curve, a shift o...

A: Wage rate: Wage rate is a compensation rate for labor. In a simple meaning, it is an income of labor...

Q: a. suppose that the supermarkets combine to form one chain. Using a new diagram, show the equilibriu...

A: If all the supermarkets combine to form one chain, then it means that they are forming monopoly.  Si...

Q: Hi, what is the answer and how you got it? A recently hired chief executive officer wants to reduce ...

A: The investment amount = $82000 Annual investment for four years = $52000 Interest rate = 12% Time pe...

Q: Diluted Happiness: Consider a relationship between a bartender and a customer. The bartender serves ...

A: The simultaneous game (or the stage game or the base game) has a unique Nash equilibrium where x = 0...

Q: Q. Assume that the demand for whiskey is Qd=9-0.5P and the supply of whiskey is Qs=P. a. Calculate t...

A: Given:

Q: 2. 2. Calculation: Multiple choice question: only one correct answer for each choosee (a)e A consume...

A:

Q: Identify any three non‐income determinants of consumption

A: The consumption function shows the functional association between the gross national income and tota...

Q: a. Discuss three examples of important trade-offs that you face in your life. b. Discuss the items y...

A: a. Trade off describes a psychological situation in which a person gets confused while producing one...

Q: Problem 5: Policy Analysis. A refrigerator monopolist would charge a price of 60 and sell 40 refrige...

A: The refrigerator monopolist: Price= $60 Quantity sold = 40 refrigerators Average cost for Monopolist...

Q: When company executives buy and sell stock basedon private information that they obtain as part ofth...

A: a. The bonds and shares of a company will be purchased on the basis of the available information suc...

Q: What is offshoring of white-collar service jobs and how does that practice relate to international t...

A: Offshoring jobs are jobs which were performed by domestic workers and have changes in status from hi...

Q: 6. Write down the formula for the binomial distribution. What do n, x, and n represent in the formul...

A: Binomial Distribution is the discrete probability distribution where outcome will be either success ...

Q: sub question a, b, c

A: Hey, thank you for the question. As per the honor code, we are allowed to attempt only the first thr...

Q: Suppose that the marginal cost for a certain product is given by  MC = 1.02(x + 200)0.02  and margin...

A: Given: MC = 1.02(x + 200)0.02 MR= 2/(4x+1)+1.75 Fixed costs = $150,000 x is atmost 200 thousand unit...

Q: Discuss the economic conditions that are necessary to achieve productive and allocative efficiency u...

A: Productive efficiency: The productive efficiency exists at a level where per unit cost of producing ...

Q: Do you agree or disagree with each of the following statements?  Briefly explain your answers and il...

A: The movement along the dd curve occurs when the prices variate for a good, and other factors such as...

Q: 1. Competition in the market place has which of the following effects? A. It promotes innovation. B....

A: Competition in the market place has several effects on the various dimension in the market, among th...

Q: Two goods have a cross-price elasticity of demand of 1.2:  i) Would you describe the nature of goods...

A: Cross price elasticity of demand is the responsiveness of quantity demanded of a good  due to the ch...

Q: Indicate how each of the following would shift the (1) marginalcost curve, (2) average-variable-cost...

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first thre...

Q: Use quintiles to briefly summarize the degree of income inequality in the United States. How and to ...

A: In 2016, the lowest quintiles’ average market income in the United States was $15,600 and for the hi...

Q: Is there a pattern in opportunity cost changes?

A: Opportunity cost is a micro economics concept refer to the lost of the potential benefit for an indi...

Q: Graphically illustrate the traditional view of the long-run impacts of a debt-financed tax cut on: a...

A: Hey, thank you for the question. Since there are multiple questions posted, we will answer the first...

Q: Calculate income elasticity of demand when the income increased by 30% and consumption of the good i...

A: STEP: 1 YED (Income-elasticity) is calculated as follows: The negative sign of YED suggests that th...

Q: ADVANCED ANALYSIS Assume the following values for the diagrams below: Q = 12 bags. Q2 = 7 bags. Q3 =...

A: The consumer surplus (CS) depicts the prices that a typical customer is willing to pay illustrated b...

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...

A: MAC1 = 33 -3E1 MAC2 = 8 - 2E2  Marginal external damages (MED) = 2*(E1 + E2 )

Q: a. Draw and explain a production possibilities frontier for an economy that produces cheese and milk...

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an...

Q: Identify and explain the main factors that contributed to the financial crisis of 2007-2008.

A: Financial crisis refers to a situation in which investors sell their assets and withdraw their money...

Q: 1. Current tuition at Benedict College is around $24, 000 a year. Show what would likely happen to d...

A: Hello, thank you for the question. But since there are multiple questions posted here, as per the ho...

Q: Consider the following production function                                                          ...

A: MPL or the marginal product of labor can be calculated through the differentiation of the total prod...

Q: To save money, some fast food chains are now having their customers place their orders at computer k...

A: The introduction of the computer kiosks and the people ordering food using those kiosks only will ma...

Q: Quest Which quote best represents a person performing a cost-benefit analysis? O A. I want to hire a...

A: Answer: Correct option: (B) Explanation: Cost-benefit analysis: Cost-benefit analysis refers to the ...

Q: A quality inspector took five samples, each with four observations, for the length of timefor a chem...

A: 3 sigma limits refers to the statistical tool that calculates the three standard deviations from a m...

Q: 4. Megan usually buys Crunchy Corn cereal at the grocery store. However, when the price of cereal in...

A: 4. The commodities are the goods which satisfy the human needs and provide the utility to the consum...

Q: Which is the better way to understand an economy and why? Should we start with national income and t...

A: The understanding of an economy is of utmost importance for policy making and for the betterment of ...

Q: In what respect is the economic decision to move across international borders an investment decision...

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

Q: Solve it early and correctly but not in excel work now

A: The answer to your question is as follows :

Q: Evaluate the policy options open to a government when the Government wants to close a deflationary g...

A: The deflationary gap occurs in the economy when the output shortfalls to the potential or full-emplo...

Q: the similarity between the correlation research method and experimental research method

A: ANS In correlation research technique we collect data readily available to us for two or more variab...

Q: Is global sourcing always the lowest-cost option on account of the low labor rates?What other types ...

A: Supply management is the process of managing the suppliers and raw materials or resources that are e...