Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She prices the cupcakes at $5 each. At the end of the day she is disappointed that she only sold three cupcakes. o This market model is in a [ ]?

Q: Natural resources are a curse for those regions where resources are located.

A: Resources: An asset is a service or other resource that is utilized to develop labor and goods that…

Q: 7. ratio analysis. Interest rate is 4%. For the data below, select the best alternative using the…

A: A B C Initial Cost -230000 -200000 -220000 Annual Benefit 54000 39000 41000 Salvage value…

Q: Microeconomics divides costs in to “short-run costs” and “long-run costs”. Can “long-run” differ…

A: The short run is defined as the time frame during which wages and prices of other production inputs…

Q: What is interesting about one of the HRM Functions, "Compensation and benefits

A: In HRM, compensation and benefits relate to the wage, monetary, and non-monetary benefits that a…

Q: Objects with distinct shapes, colours, are called brand character. or patterns that are associated…

A: False - Brand Character is the set of human attributes and characteristics associated with the brand…

Q: Changing the reserve requirement is such a powerful instrument of monetary policy that it is the…

A: 1. True - Reserve requirement is such a powerful instrument of monetary policy that it is the most…

Q: Argentina can produce 150 pounds of beef or 20 cars; in contrast the United States can produ pounds…

A: Every decision involves an opportunity cost. In order to consume more of one good, the other has to…

Q: In the last year there has been a significant increase in the inflation rate in Canada. Use the…

A: Transmission mechanism refers to the process where monetary policy affects and influences the…

Q: Compare the alternatives shown below on the basis of a future worth analysis, using an interest rate…

A: Future value is the value of an ongoing asset at a future date in view of an expected rate of…

Q: In the last year there has been a significant increase in the inflation rate in Canada. Use the…

A: Introduction Transmission processes are indirect, according to Keynes. i.e., changes in the money…

Q: According to neo-classical economics, if velocity is constant, the value of money falls when: Oa.…

A: The term velocity of money means the amount of circulation of a unit of money within an economy. It…

Q: Give at least 2 examples on how a firm profit from global expansion

A: The term global business alludes to any business that happens across worldwide boundaries. At its…

Q: Consider the three functions of money discussed in class: medium of exchange, unit of account, and…

A: A medium of exchange is an intermediate tool or system that allows two parties to sell, buy, or…

Q: 1

A: The aggregate demand curve shows the negative relationship between the price level and the total…

Q: Firm MFC $20 18 SupplyLabor 16 14 12 10- MRP = Demand 8. 0 1 2 3 Workers 4 per day The graph above…

A: A monopnist is a sole employer of labor in a market. It hires the labor where MRP=MFC.

Q: As long as a country has high GDP growth rate, it can be categorized as an emerging market economy.…

A: Emerging market economies are those economies that are into a transition period, and moving toward…

Q: Draw the MR, MC, AVC, ATC, Demand, supply, MC and MR for the following situations. For each show (as…

A: 1. A perfectly competitive firm showing a profit: The price here is P (AR-MR) which is higher than…

Q: A report shows that the catch of a fish stock can be increased. The fishing authority wishes to…

A: Marginal revenue function=MR=1700-300X Marginal cost function=500+200X X= fisher's per effort=3.5

Q: Refer to Figure 4-10. The shift from S2 to S1 in the market for chocolate cake could be caused by..…

A: The supply curve explains the direct relationship among the marketplace charge and amount…

Q: One possible measure of gender discrimination is to look at the difference between the average male…

A: Gender discrimination at workplace is primarily explained by the wage gap between the men and women…

Q: What is the relation between fixed costs and total costs?   Question 5 options:   Two of the other…

A: Fixed cost is a component of total cost and is defined as the cost of production that does not…

Q: Mary, a law student in a University, wants to buy a book on Negotiable Instruments. To do this, she…

A: Given:i)Fixed cost=Rent of oven+Rent of baking panFixed cost=1,400+300Fixed cost=P 1,700ii)Variable…

Q: In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg.…

A: The gross domestic product (GDP) is the market value of goods and services produced within a year on…

Q: 5. Problems and Applications Q9 A farmer grows wheat, which she sells to a miller for $70. The…

A: Value added method only considers the value of final goods and services. The value of intermediate…

Q: Title Value Gross Private Domestic Investment Private Nonresidential Fixed Investment $3,134.201…

A: Gross private domestic investment is the degree of physical funding utilized in computing GDP…

Q: Using the TQM tools in a real-world setting, document your observations and conclusions.

A: Any company or functioning body can gain benefits by properly applying the structured strategies and…

Q: In the last year there has been a significant increase in the inflation rate in Canada. Use the…

A: The money supply is the supply of currency in an economy. It means as the supply of currency…

Q: Identify and

A: The foreign trade market is a worldwide decentralized or over-the-counter market for the exchanging…

Q: e. Explain what the Polulation pyrmaid illustrates (means)

A: e. A population pyramid shows the age and sex construction of a population. The even bars show the…

Q: A cost that changes with the level of production is called a(n)____cost a.variable b.average total…

A: Ans. The cost is the expenditures that are incurred during the production of the goods and services.…

Q: Which of the following equations does not represent a plausible production function? A) B) F(K,L) =…

A: Production function depicts the functional relationship between inputs (K and L) and output (Q) The…

Q: Government taxes burger producers V [Choose ] Demand- TashEs and Preferences Demand- Number of…

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: How can geography explain Europeans' advantages in ship-building technology com- pared to the…

A: The European economy is surrounded by the Black Sea, Arctic Ocean, Atlantic Ocean, other seas, etc.…

Q: We know that lobbyists can influence campaigns, elections, and public policy.  A good definition of…

A: Government decision: It refers to the actions taken by the government on the basis of various…

Q: Sonia Music Entertainment (SME) is an American company that holds copyrights of popular songs.…

A: Marginal cost of itone is = w Marginal cost of SME = 0

Q: in 4 years. (a) If you expect to pay off the loan at $29000, what nominal annual interest rate,…

A: Nominal interest rate refers back to the interest rate earlier than taking inflation into account.…

Q: Ali has a utility function u(x, y) 5lnx + 2lny. Consider that the price of x is 100 TL, the price of…

A: Price of goods px=100, py=40 and I=1400

Q: If the movement of the supply curve for product A took place, but the price failed to adjust to the…

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: ou work for the 3T company, which expects to earn at least 18 percent on its investments. You have…

A: Since the Total net incomes of both the activities are more than their individual beginning ventures…

Q: 1. Graph investors' long-term expected inflation rate since 2003 by subtracting from the 10-year…

A: A financial crisis happens when the weight of financial institutions or assets decreases rapidly. It…

Q: The accompanying payoff matrix shows the payoffs (in millions of dollars) for two firms, A and B,…

A: The above payoff matrix shows the payoffs (in million dollars) for two firms A and B,  for two…

Q: A waiting line meeting the assumptions of M/M/1 has average time between arrivals of 2 per hour and…

A: The utilization factor or use factor is the ratio of the time that a piece of equipment is in use to…

Q: In British Columbia, Canada a company named after Tim Hortons runs a monopoly on a sweet snack…

A: Monopoly is a market where only one seller operates and that too he is the price setter in the…

Q: Which is the correct interpretation of the Invisible Hand?  (A) The corporations associated with…

A: Invisible Hand is referred to as a metaphor used in a free market economy where the individuals who…

Q: All of the following are examples of savings vehicles EXCEPT Savings account Money Market Account…

A: Individuals receive income for various services provided by them in the production of goods and…

Q: 2) Explain the macroeconomic effects of a tax cut according to the Ricardian Equivalence…

A: People are forward-looking and believe in consumption smoothing, according to Ricardian…

Q: The estimates for a project appear in the following table: Dear optimistic most likely pessimist…

A: Optimistic estimation Fixed cost=250000, Annual profit=20000, N=30 Most likely estimation Fixed…

Q: YOUR FATHER PLANS TO INVEST P500,000.00 IN AN AUTO WASHING MACHINE WITH THE FF DATA: WASHING…

A: Investment= P 500,000 Washing capacity = 12 cars per hour  Working time= 8 hr per day, 6 days per…

Q: To produce x units of t-shirts costs C(x) = 7.50x + 1200. The revenue is R(x) = 16x. a) Find the…

A: At break even, total revenue is equals to total cost.