Given the equation of Q = min(4K,8L), how much output is produced when 2units of labor and 5 units of capital are employed? answer must be a whole number only

Q: Find the value of the primary deficit  if the fiscal deficit is 186 and the interest payment by the ...

A: Given: Fiscal deficit=186 Interest payment by the government=131  

Q: Simple Regression Sales Revenue Year Product Price (P) (millions of pesos) 1 1.20 0.95 1.50 0.93 3 2...

A: As nothing has been mentioned I used excel to solve this problem. Here, in this question, we find th...

Q: A number of particular articles has been classified according to their weights. After drying for two...

A:

Q: 1. April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She ...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Consider the model of public goods in the last section of this chapter. (a) Suppose that preference...

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

Q: According to the table, in which year did buyers of six-month Treasury bills receive the highest rea...

A: According to the Fisher equation: Real interest rate = Nominal interest rate - inflation rate The gi...

Q: Question: "Will Hong Kong have inflation or deflation in the second half of 2022?"   Write a conclus...

A: The Hong Kong economy arranged an apparent recovery in 2021, having encountered a profound downturn ...

Q: E2

A: The inflation rate is the ratio of percentage change in the consumer price index of the current year...

Q: of a given activity. c) Economists refer to the revenue collected as a result of a tax as the burden...

A: In an economy, economists think that there are different types of tax burden when government imposes...

Q: To increase the money supply, the central bank could: O A) raise the discount rate. O B) make open-m...

A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known a...

Q: Question: The sum of two non-negative quantities is equal to 2n. Find the chance that their product ...

A:

Q: According to the net exports effect, as the price level falls relative to the rest of the world, Gr...

A: The Net export is difference between the export and import. The change in the price level affects th...

Q: Chris and Dana live in an exchange economy with two goods: good Q and good R. Chris starts off with ...

A: 2 consumers  Chris and Dana 2 goods Q and R Initial endowment Chris R=6 units Q=10 units Initial end...

Q: Modern business practices do not usually result in violent outbreaks. Why might governments in the m...

A: First part To protect consumers' interests, the government may desire to regulate monopolies. Becaus...

Q: (1) For demand function Q, = a-bP and supply function Q, = dP-c, using Cramer's rule determine equil...

A: Market equilibrium basically refers to a situation in which the supply and the quantity demanded are...

Q: Suppose country A has five families. Their incomes are $10,000, $20,000, $30,000, $40,000, and $50,0...

A: Given: The number of families is = 5 Income of the families are $10,000, $20,000, $30,000, $40,000, ...

Q: Fill in the blanks: Supply $70 30 Demand Physician office visits (millions per week) If the governme...

A: Answer: According to the above figure, the equilibrium occurs at point E. The equilibrium price for...

Q: Chris and Dana live in an exchange economy with two goods: good Q and good R. Chris starts off with ...

A: This question is based on the Cobb-Douglas utility function.

Q: Variable Fixed Total Average Average Marginal Quantity Costs Costs Costs Total Costs Variable Costs ...

A: Total revenue = Price*quantity Thus TR(at Q=5) = 30*5 =$ 150

Q: Fl an the following tabie with the quantty sold, the price buyers pay, and the price sellers receive...

A: To find exects values on the given supply and demand curve, we will find the demand and supply curve...

Q: Calculate the B/C ratio (modified) of a building that houses students during their classroom discuss...

A: Given: Accommodation annually=P 525000 Annual maintenance=P135,000 Cost=2.3M Selling price after 20 ...

Q: The government raises lump-sum taxes on income by 100 billion, and in the long run loanable funds mo...

A: Given; Increase in taxes= 100 billion Marginal propensity to consume= 0.6 Marginal propensity to sav...

Q: • Vicki works part - time at Bainen Press to help pay her college tuition. Vicki would be classified...

A: Given that Vicki works part-time to help pay her college tuition. This implies she is a full-time st...

Q: Describe the different types of Development Plan.

A: "Indicative planning" or "market incentives" are terms used to describe incentive planning. In this ...

Q: Exhibit 15.3 S'm Sm Dm Interest rate in

A: Money demand (Dm) slopes downward, implying an inverse relationship between interest rate and quanti...

Q: Question 2. Consider a firm that can use commodity one to produce commodity 2 according to the produ...

A: Functions that exhibit constant returns to scale are homogeneous functions. Homogeneous functions ar...

Q: Suppose that the interest rate at which Joanne can borrow and lend is 10 percent per year, but she c...

A: Future value is basically the value of a current asset at a future date based on a projected rate of...

Q: Suppose Canada has a voluntary export restraint for lumber going to the U.S. Who captures the quota ...

A: Voluntary export restraints are game plans among exporting and bringing in nations in which the expo...

Q: What other factors besides interest rates will cause the investment demand curve to shift?

A: Investment demand has an inverse relationship with the interest rate. There are other factors also t...

Q: Resource X is necessary to the production of good Y. If the price of resource X rises, the _________...

A: Opposing economic variables gravitate towards their natural condition, resulting in economic equilib...

Q: A committee of 4 people is to be appointed from 3 officers of the production department, 4 officers ...

A:

Q: QUESTION 3 3A. Construct a market for cotton imported into the U.S. with an equilibrium price of $1/...

A: It refers to a scenario in which the quantity demanded of a commodity is equal to the quantity suppl...

Q: What do you think is the significance of concept on foreign reciprocity?

A: International trade is a very important concept of economics which forms a very important part of th...

Q: Production, Costs, and Perfect Competition: Firm in the Short Period a. data:   (1) K = 7 and the...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: Disadvantages of a mixed economy

A: Mixed economy: The economy in which some parts are controlled by the private sector and some by the ...

Q: 1. Suppose the Central Bank has just announced a higher overnight interest rate, thereby decreasing ...

A: Here, it is given that Central Bank increased the overnight interest rate to reduce the desire for n...

Q: It costs 100, 000 pesos at the end of each year to maintain a certain portion of a highway. If money...

A: Given: The cost of maintaining a certain portion of a highway is = 100,000 pesos The money is worth ...

Q: 1. Consider utility function Ux1,x2=x,0.5x20.5 for x1<0 and x2<0.Show that the function satisfies (i...

A: The utility is the capacity of good that satisfies human wants.

Q: Price level (P) LRAS, LRAS2 SRAS,

A: Aggregate demand (AD) is the sum of consumption, investment, government spending, and net exports.  ...

Q: 3. The law of supply states that: price and quantity supplied are inversely related, ceteris paribus...

A: The law of supply is a key notion in microeconomics that determines supply at a given price. The law...

Q: If organic virgin coconut oil (VCO) has been proven to enhance your immune system against corona vir...

A: Answer: Note: you have not mentioned but it seems true/false and I am answering this question as tru...

Q: Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a shining example of...

A: General Motors (GM) was at its best in the 1950s. It was widely regarded as a model of how a huge co...

Q: Refer to the figure below. +16 +12 +8 Consumption Investment is more volatile than consumption. Inve...

A: Introduction In the above diagram consumption and investment spending has given from 2000 - 08. a) c...

Q: In monopolistic competition equilibrium with symmetric firms, firms enter until each firm earns O ze...

A: Answer: In monopolistic competition with symmetric firms if the firms earn positive economic profit ...

Q: effect did the recession of 2007–2009 have on government regulation?

A: The Great Recession was the sharp decline in economic activity during the late 2000s. It is consider...

Q: 1. Suppose the government borrows $20 million more next year than this year. a. How does the elast...

A: In an economy, governement borrowings affects the equilibrium level in the loanable funds market as ...

Q: If a bank has $100,000 in deposits and holds $5,000 in required reserves, what is the value of the m...

A: Money multiplier: - it is the ratio that shows the maximum amount of money that can be created with ...

Q: What are some characteristics of perfect competition?  Is the Banana market a perfect competition? ...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: (2) Consider the utility function u(x, y) := x'/³y²/3 for all nonnegative I and y. Given the budget ...

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the firs...

Q: 6) If a market is in disequilibrium, economists would predict that the product's price would to reac...

A: Equilibrium is the economic state in which market demand and market supply are equal, resulting in p...