Hi! We this for our Microeconomics course. We are tasked to analyze the following. Please help me with this:

Q: Consider a product market with three consumers X, Y and Z with demand function QX = 6 – PX, QY = 3 –...

A: Demand is an economic theory that refers to a consumer's desire to purchase goods and services as we...

Q: Give an example of a good that has a positive externality. Give a second example of a good that exhi...

A: Externality refers to spill-over effect of a good or service on the third party who is not involved ...

Q: Let us assume that two drugs X and Y are related in consumption. Are they substitutes or complementa...

A: Given that drug X and drug Y are related in consumption then, 

Q: Name WTP (in Taka) Name WTA (in Taka) Rahim (RA) Karim (KA) Jack (JK) Jones (JO) Rahima (RM) Karima ...

A: Willingness to pay (WTP) is the maximum amount that an individual would pay to obtain a good.  Willi...

Q: Cupcakes Oranges Price Quantity Price Quantity Year (Dollars per cupcake) (Number of cupcakes) (Doll...

A: We have to find GDP deflator.

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and margina...

A: Here, marginal cost curve and average total cost curve of an apple grower is given. 

Q: model with a single-time-period lag on onsumption function, as described below, is initially in equi...

A: The time path for the GDP is calculated through the complementary and particular solution. Yt = Yc +...

Q: The closer the Lorenz curve for income is to the line of equality, the larger is the nation's total ...

A: Lorenz curve is a line which shows income distortion of households which is on x axis and cumulative...

Q: 2. Show graphically that tax cuts are a lesS effective fiscal policy tool the greater the sensitivit...

A: In an economy, when investment is highly sensitive to the interest rate, it is the situation when ID...

Q: Price (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per mon...

A: Deadweight loss refers to the loss to society due to inefficient quantity produced.

Q: • Developing countries are commonly characterized by: a. low levels of living, high levels of income...

A: a. Low level of livings, high level of income inequality, and high dependency burdens Option"a" is c...

Q: Describe the difference between how Economic Expansion and Economic Growth can be displayed on the P...

A: The Production Possibility curve can be used to explain two important economic concepts - Economic ...

Q: Sipho runs a local kiosk specialising in slogan t-shirts. At the end of summer, he hosts a  clearanc...

A: Elasticity of demand is used to give the relative change in price due to relative change in determin...

Q: Which of the following would increase the demand for beef? A.) lower pork prices B.) higher prices ...

A: The factors which affect the demand of a product are: 1. Price of substitute goods 2. Price of compl...

Q: DATE O , ece capital Oontrolls impact mestic financi0l System and therefor perfermance f ecenomys PO...

A: Impact on domestic financial system Capital controls are government-imposed restrictions on the outf...

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

A: Total labor cost is the aggregate cost of the hours worked by all representatives, in addition to al...

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: 66. Which of the following input factor takes risk, innovates and coordinates

A: Following are the factors of production: 1. Capital 2. Land 3. Labor 4. Entrepreneur 

Q: Which of the following is NOT an input?

A: To find : Which is not input. 

Q: A start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First...

A: Given that; Type A Type B Initial cost= P200,000 Initial cost= P300,000 Annual Operating Cos...

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: SOLVE AND GRAPH THE PROBLEM. What is the present worth of two P100 payments at the end of the third...

A: Given Third year-end payment = P100 Fourth year-end payment =P100 Annual rate of interest =8%

Q: A magazine publisher reports that their revenue function and cost functions (in thousands of dollars...

A: Given;  Total revenue; TR = 32x – 0.21x2  Total Cost; TC = 195 + 12x  

Q: Explain how markets can allocate resources in a way that they go to those who value them the most.

A: Prices are important in resource allocation. There are benefits and drawbacks to using the price sys...

Q: Land only Is a free gift of nature

A: To find: What is land. 

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

A: Break-even point:-                                BEP=FCP-VC where; FC= Fixed Cost P= Price VC= Vari...

Q: Given the two machines' data Machine A Machine B First Cost P8,000.00 P14,000.00 Salvage value Annua...

A: Answer:     Given Data      Two machines data A and B       money worth at least 16%       using equ...

Q: What is a real life example of what is happening at the 'cross' of the 'X', or where the labor deman...

A: The curve that depicts various quantities being demanded at various levels of price by the individua...

Q: You own a company that produces widgets. You currently produce 100 widgets; each widget sells for $1...

A: Macroeconomics and microeconomics are important part of country mechanism. Aggregate demand and aggr...

Q: Consider the following Cournot model. • The inverse demand function is given by p = 30 –Q, where Q q...

A: GIVEN P = 30 - Q Q =  q₁ + q₂  

Q: A state park is selling firewood at $5/bundle and juice at $4/bottle. Firewood costs the park $4/bun...

A: Consumer surplus is the area below the demand curve and above the market price. It is defined as the...

Q: The graph below shows the trend of the terms of trade for the U.S. and China. Which would be inferre...

A: It is showing the ratio of export prices to import prices. It is defined as the relative price of ex...

Q: For questions 4-6: A firm has weekly revenue of $900. The firm's total cost is $1250 per week. The f...

A: Given; Profit= $900 TC=$1250 a) TC= FC+VC Therefore; FC+VC= $1250 Firm will shut down when TR>VC ...

Q: "yy' y-..-... 2. Write down and briefly discuss the six Kaldor stylized facts about economic growth ...

A: Economic growth Kaldor factors have a significant impact on the interconnectedness of fundamental va...

Q: u(x,y) = x + y Px=9 Py=3 U=120 Solve for hicksian demand for good x and y

A: Given  Utility function: ux,y=x+y            ... (1) Price of good x Px =9 and price of good Y is PY...

Q: Profits are O Residual payment

A: To find : What is profit. 

Q: A firm used $1,900 worth of peanuts and $100 worth of salt to produce peanut butter. This required c...

A: In value added method, revenue – costs provides value that the firm added in the process  

Q: In the two-firm linear demand case (with constant marginal costs) with homogeneous goods, let the su...

A: Stackelberg markets produce higher outputs than Cournot markets, regardless of the matching scheme, ...

Q: Suppose the U.S. government increases the amount of steel that can be exported to foreign countries....

A: Exports and imports of a country contribute to the GDP of the country. A country must always try to ...

Q: A start up business is considering two types of equipment - data are as follows: TYPE A ΤΥΡE Β First...

A: Given that; Type A Type B Initial cost= P200,000 Initial cost= P300,000 Annual Operating Cos...

Q: Figure 42.2 Moving to Full Employment LRAS SRAS AD REAL GDP 2. Suppose that initially the economy is...

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

Q: start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First C...

A: We need to calculate, By present worth cost method, computation of the value of Type A and Type B:

Q: For the same demand function as above, i.e., 3P, + 5Q, = 120, calculate Q; att = 5. Assume that %3D ...

A: Introduction demand function can be written as 5 Qt = 120 - 3 Pt we have to calculate it for t = 5, ...

Q: Consider the following totai cost function: TC = 1500 + 300Q - 36Q2 + 203 What is the quantity that ...

A: TC = 1500 + 300Q - 36Q2 + 2Q3 Differentiate TC w.r.t Q to get MC => MC = dTC / dQ => MC = 300 ...

Q: . Productivity of land can be raised by

A: To find : What can be raised by productivity of land. 

Q: Fill in the blanks: Indicate whether the following statement is a positive or normative statement: T...

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

Q: A tax A) places a wedge between the price paid by the buyers and the price received by the sellers. ...

A: Whether the tax is imposed on buyers or sellers, the effect of the tax is same. It leads to ineffici...

Q: Techiefy Co. wants to launch a new product. It is observed that the fixed cost of the new product is...

A:

Q: clearly demonstrate how intra and inter temporal choice models can make society incur an opportunity...

A: Intra and intertemporal choice models Intertemporal choice is a phrase used in economics to describe...

Q: The partial data in the table below are for the economy of Arinaka. Planned investment, government s...

A: