Give an example of a positive and a negative externalities that someone faces in their life.  Also, what are some public goods and services that you utilize in your everyday life?

Q: We obtain the following demand curve of beef in a market: Q = 44506.941 - 3338.553 ln(P), where Q is…

A: The electricity of demand:- Let's start by taking a glance at how the term "elasticity of demand" is…

Q: II. Determine the effect on equilibrium price and quantity sold if the following changes occur in a…

A: demand refers to the quantity of goods that a consumer wants to buy at a given price in a given…

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A: Given  Production function: Y=AKt1/3L2/3                         .....(1) A=2, L=1 and the…

Q: The following scenarios describe products that are price.... 1. The new Mercedes sports car costs…

A: The degree to which demand responds to a change in an economic factor is referred to as demand…

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A: The amount that is currently anticipated to be received at a specific interest rate at a future…

Q: he demand equation for cans of chicken is Qd= 60-3p Suppose the price of a can of chicken…

A: Price elasticity of demand measures the degree of responsiveness of demand to change in the price of…

Q: 5. Use the graph below to answer the following questions. 70 60 50 40 30 20 10 0 D1 S1 100 200 300…

A: (a). The equilibrium price is that price at which quantity demanded is equal to quantity supplied.…

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A: Introduction  In economics, nominal value is measured in terms of money, and the nominal value of…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: Given that; The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets…

Q: e price of product A changes from $1100.00 to $200.00 and as a result, Jerome's purchases of product…

A: Cross price elasticity of demand depicts how much a good responds with the change in the price of…

Q: Which of the following statements describe correct patterns for total and marginal utilities?…

A: Relationship between TU and MU 1) Tu increase at Diminishing rate when consumption of the commodity…

Q: 6. Given below is the original demand and supply curves for movies which are D, and S, and the…

A: As we know the Price is determined by the demand and supply market forces. When both curves…

Q: fer to Figure 8-2. The per-unit burden of the tax on sellers is a. $3. b. $5. c. $2. The vertical…

A: When a tax has been imposed the burden of the tax is shared by both sellers and buyers. The tax…

Q: 12. Explain in your own words the three strategies where sustainability depends. 3 Strategies: 1.…

A: Sustainable development is a philosophy that intends to accomplish human development goals while…

Q: Price gouging, or large increases in the prices of essential goods during an emergency, is illegal…

A: Price gouging occurs when some sellers take advantage of the natural disasters and supply basic…

Q: The following graph shows an aggregate demand (AD) curve and a short-run aggregate supply (SRAS)…

A: Answer: (1). If the economy experience a decrease in wage rate means the cost of production will…

Q: What is a marketing information system (MIS)? What types of information does it include?

A: We know that A business organization has several departments and systems that indulge in different…

Q: For the production of part R-193, two operations are being considered. The capital investment…

A: Trade off is defined as the situation where decision is made involving diminishing a quality,…

Q: Price Elasticity and Overall Sales For each price-quantity combination shown in the following table,…

A: Price elasticity of demand is the ability of the quantity demanded to alter in response to a change…

Q: c. Suppose PA = 1 but the price of tea drops to PT = 3. Find the new equilibrium price and quantity…

A: The market is said to be in equilibrium when the quantity bought and sold is the same for both the…

Q: With regards to PESTLE, focus on and answer the economical factor with regards to the brand Knorr…

A: Some of the key economic factors that could affect Knorr from South Africa would include inflation,…

Q: Que All of the following are fundamental concepts of economics EXCEPT O marginalism. O profit…

A: When talking about fundamental concepts of economics, it can be said that these concepts explains…

Q: Home Announcements ages Assignments Grades People Files Modules IU eTexts (Unizin Engage) Syllabus…

A: Here, in the given table, quantity demanded decreases and quantity supplied increases, with the…

Q: The following table shows the output of textile and auto one unit of labor can produce in the U.K.…

A: Absolute advantage describes circumstances in which one company or country can create a specific…

Q: 2. A present obligation of $20,000 is to be repaid in equal uniform annual amounts, each of which…

A: Present Obligation = 20,000 r = 10% n = 5

Q: Select the type of unemployment occurring in each of the causes below (and explain your answer):…

A: Types of Unemployment are - Structural unemployment - This type of unemployment occurs when there…

Q: graph answer the following questions and assume that the industry price is $4.00 a) what is the…

A: The profit is maximized in P=MC. The perfectly competitive market decides the price and individual…

Q: . Why the aggregate supply curve slopes upward in the short run n the short run, the quantity of…

A: In the short run, aggregate supply has more demand  (and costs) by expanding the utilization of…

Q: Consider the market for minivans. For each of the following events, identify which of the…

A: Demand curve The demand curve displays the amounts of a specific commodity or service that…

Q: Consider a small open economy country that produces cars. The world price of cars is less than the…

A: In an economy, if the world price is less than autarky price, consumers have an incentive to import…

Q: Suppose an economy produces steel, wheat, and oil. The steel industry produces $100,000 in revenue,…

A: The entire dollar worth of all products and services produced over a certain period of time in an…

Q: Question 14 The government wants to discourage consumer spending through raising income taxes. This…

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Q: Price (Dollars per unit) 12.00 10.00 8.00 6.00 4.00 2.00 0.00 a. $28. Ob. $42. OC. $21. Od. $36.…

A: Here we are given the demand and supply schedule. And we can notice that both are equal at P = $4.

Q: Kayla and Josel produce food and luxury goods. Kayla has 10 hours; it takes her 1 hour to produce 1…

A: Comparative advantage is the trade theory given by Ricardo, as per the theory each country should…

Q: Toma and Kana can produce either books or shoes. If they spent all of their time producing one of…

A: To find the comparative advantage we have to find the opportunity good of producing books and shoe's…

Q: Question 6 [A new drug called 'LowG', taken together with any food, reduces the glycemic index (a…

A: The money made from the sale of an extra item or unit is referred to as marginal revenue. It is the…

Q: 8 9 Price per Cheeseburger $5 7 6 Quantity Demanded Quantity Supplied (Cheeseburgers per…

A: Here, the given table shows the quantity demanded and quantity supplied of cheeseburger at different…

Q: Complete a competitor analysis of Pick n Pay (brand in South Africa)

A: Some of Pick n Pay's main competitors are Shoprite, Woolworths, and Spar. In general, Pick n Pay is…

Q: 2. Given the demand and supply function : D = 150-10P S= 100 + 20P a. Compute for the equilibrium…

A: Market equilibrium condition is that condition where market demand is equal to Market Supply.  As…

Q: Question: The profit for a product can be described by the function P(x) = 840x - 75.6 - 0.4x^2…

A:

Q: Positive or Normative Question? 1.Should the government restrict imports? 2.If the government…

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

Q: 4. Central bank changed nominal money supply M³ to lower the equilibrium interest rate. How did the…

A: In the financial market, the interest rate is determined by the money demand and money supply…

Q: What would be the labor force participation rate?

A: An estimation of the size of the labour force in an economy is the labour force participation rate.…

Q: A recently hired chief executive officer wants to reduce future production costs to improve the…

A: A recently hired executive officer wants to reduce future production cost to improve the company's…

Q: If a corporation has $400 million in common stock, $200 million in preferred stock, and $500 million…

A: Given,  It a corporation has common stock = $400 Million Preferred stock = $200 million Bonds =$500…

Q: Table 2-6​One Cell Phone Lumber (per board foot) Estonia 40 hours 8 hours Finland 16 hours 4 hours…

A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity…

Q: What are supranational and intergovernmental principles

A: A supranational organisation is a multinational organization or organization whose decisions are…

Q: g. Construction and operation of the bridge will involve creating jobs that would not otherwise be…

A: Net Generated income from the expenditure on bridge product would be earnings of the local people…

Q: What is the demand curve? Why does it slope downward?

A: Demand is defined as the volume of a good or service that customers buy at different prices during a…

Q: If the dividend paid last year was $3.50, at a constant growth rate of 5%, and investors demand a…

A: Stock: The term relates to the ownership representational security for the company. The corporation…