How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?

Q: Why is the more recently emerged security-industrial complex detrimental to achieving justice

A: The overcrowding of our nation's jails is one of the most challenging concerns facing our criminal j...

Q: * 20. In a closed economy without investment and government spending, C = 1000 + .5YD, and taxes T=5...

A: Given C = 1000 + 0.5Yd Taxes = 50 As economy has no investment and government spending the level of ...

Q: Suppose that in Workaholia the total population = 180 million, the number of unemployed = 5 million,...

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

Q: Explain the tools of Monetary Policy. With a table and example

A: Monetary policy is defined as the policy of the central bank of the country to influence the reserve...

Q: What is the effect of an ad valorem tax of v (the share of the price that goes to the government) on...

A: A fully competitive corporation just has to make one fundamental decision that is how much to produc...

Q: In March 2022 the Bank of Canada (BoC) increased its policy interest rate in an effort to increase i...

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...

A: An economist's involvement in development involves assessing statistics such as GDP and consumer con...

Q: • Given following information: Y = 4000 - 200i The IS equation Ms/P = 2000 Vertical LM • Calculate e...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: In an economy with high unemployment, the central bank has room to decrease the interest rate. Polic...

A: In an economy, when talking about interest rate, it is considered as the cost to a borrower who borr...

Q: Joe is a college football player considering whether to attend another year of college or to enter t...

A: Marginal analysis is used as a decision-making tool for the maximization of potential benefits. It i...

Q: Compute the future value of $536 invested every year if the appropriate rate is 11.2% and you invest...

A: Future value is defined as the value of a given investment after a specified time period at a certai...

Q: Gourmet Bangus can produce 800 bottled gourmet bangus in one-half with five (5) workers. What is the...

A: Quantity=800 Time= 4.5 hours No. of workers=5

Q: What is the status of the Doha Round of table negotiations? Identify the key stumbling block of this...

A: The negotiations has collapsed in the 29 July with respect to the issues and the existence in betwee...

Q: Why would a profit-maximizing firm expand the use of each input until its marginal revenue product e...

A: Marginal revenue refers to the gain of additional revenue from each additional unit sold of a good. ...

Q: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it woul...

A: Answer: Diseconomies of scale: diseconomies of scale occur when due to an increase in the quantity p...

Q: Search online for the concept of "business continuity for eBusinesses." - with pandemics, world econ...

A: Business continuity plans assist companies in keeping their operations running efficiently in the ev...

Q: Given an inverse demand equation of P = 50 - 0.5Q and an inverse supply equation of P = 0.333Q, a....

A:

Q: Consumer has utility function In(c1)+beta"In(c2), where beta 1. Interest rate i-0%. (NOTEI) Income y...

A: Answer -

Q: A firm has a production function of Q = KL + L, where MPL = K + 1 and MPK = L. The wage rate (W) is ...

A: A production function shows the relationship between the factors of production and the quantity prod...

Q: If the economy starts at full employment but investment exceeds saving, then the economy will move i...

A: When AD is above or below the AD required for full employment level equilibrium then it creates infl...

Q: Since Covid hit in 2020, the Federal Reserve created $6.5 trillion of new money. Currently bank rese...

A: Given information: Change in monetary base: $6.5 trillion Reserve requirements: 10% To find: effec...

Q: Consider the competitive market for a good. Consumers have quasilinear preferences that yield the ma...

A: Given; Demand function; q=15-p2 Supply curve; q=2p a) At equilibrium;                           Dema...

Q: A) Is global interstate system important? (B) What is the importance of market integration in global...

A: Globalization basically refers to an concept which basically highlights the trade between tge two or...

Q: Using what you know about national income accounting, answer the following: a. Assuming that househ...

A: Disposable income is the income that is left after paying taxes. It is the income that is used to sp...

Q: Find the numerical value of the following factors: (PIA, 2.5%,10) = (F/A, 1%,45) = (A/P, 5%,2) =

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

Q: All other things being equal, an decrease in the oil price will cause: a. the AD to shift up to the ...

A: The aggregate demand is the total value of all the goods and services that are being produced in an ...

Q: Explain why each of the following statements is True, False, or Uncertain according to economic prin...

A: In an economy, when analyzing the international bete goods market and money market, IS-LM model is u...

Q: 5. The gross domestic product is: a. 86,157.5 b. 88,404.5 c. 92,925.9 d. 95,708.2 e. 82,808.5

A: The gross domestic product of a country is a measure of its economic output.Countries with higher GD...

Q: Collaboration with Congress during the Clinton Administration allowed for an aggressive deficit-cutt...

A: In economics, the quantity of a commodity that producers want to sell at various prices and the quan...

Q: onsider the table below and assume the market price is $35 per unit. Total product Total fixed cost...

A: An economic profit or loss is the distinction between the income got from the offer of a result and ...

Q: 7. Short-run supply and long-run equilibrium Consider the competitive market for copper. Assume that...

A: Competitive Market:When there are many producers competing to provide consumers with the goods and s...

Q: is always equal to gross domestic income in the circular flow of income and expenditure. a. Gross do...

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money...

Q: VARIABLE COSTS OF PRODUCTION UNDER THEORY OF COMPARATIVE COSTS, COMMENT ON THE GRAHAM'S VIEW?

A: Answer: Graham refutes the generally held belief that specialisation will increase trade countries' ...

Q: 3. Consider the following demand and supply functions: Qa = 80 – 2P Q, = -100 + 8P (i) Find the equi...

A: The demand function depicts the functional relationship between the quantity demanded of a commodity...

Q: Suppose the aggregate consumption function is represented by C = £1,000 + 0.5*YD, where YD is dispos...

A: Given:- Consumption; C=£1000+0.5YD where; C= Consumption function YD= Disposable Income At equilibri...

Q: Suppose market demand for oil is Q(P)=100–0.75P where Q is billions of barrels (BBL)or oil per year ...

A: In economics, revenue maximization refers to the theoretical concept that the firms take up for sell...

Q: What deposit made at the beginning of each month will accumulate to $120,000 at 5% compounded semi-a...

A: In the question above, it is given that : Amount  = $120,000 Rate of Interest = 5% = 0.05 Time = 10 ...

Q: (15 Marks) A new public arena costs $60 million. The largest portion of this amount, $40 million, is...

A:

Q: The economic model of Human Capital Investment assumes that individuals choose their path through po...

A: The human capital theory posits that people can build their useful limits through more prominent ins...

Q: Directions: Use the given scenarios and the information you have learned about Fiscal and Monetary p...

A: Given information Increase in price by 4% GDP increase by 5% Unemployment rate =1.3%

Q: Discuss How is Economic Development related to human rights issues.

A: Human rights implies freedom of rights which again implies equal access to education and health that...

Q: dump truck was bought for P $ 30,000 six years ago.  It will have a salvage value of $ 3,000 four ye...

A: Given,  Purchase value = 30,000 Salvage value = 3000 Useful life = 10 years (6 year already gone + 4...

Q: Which of the following laws suggests that attempts by a central bank to regulate the level of lendin...

A: Answer: The correct option is: C: Goodhart's  law

Q: With the help of a demand and supply diagram, explain how a video showing small worms in sausages wi...

A: Demand is defined as that amount of quantity of a good or service which is demanded by consumers at ...

Q: are likely a fixed cost of a firm. A Utility costs B The costs of raw materials used in production

A: Total cost encompasses the fixed cost as well as a variable cost. However, in the long run, there is...

Q: 2) In the same economy, the nominal wages are determined by the price level (), unemployment rate ()...

A: The  equation W/P = f (u, z) is a wage-setting equation. When the WS relation equals the price-setti...

Q: Interest represents a) a cost to lenders and a reward to borrowers. b) the optimal rate of investmen...

A: Answer: Interest: Interest is the amount that is paid to savers of funds and the cost for the borrow...

Q: Question 1: Suppose the economy's PPF is given by Y=100-X²/100 and that there are oy cn people in th...

A: PPF equation : Y = ( 100 -X2)/100   (Represents productive capacity )  U(t) = Xt*Yt     (For thomas ...

Q: Residents of poor countries tend to have higher rates of infant mortality because a) mothers in poor...

A: Infant mortality rate refers to the probability of children dying under the age of one.

Q: (a) Discuss with relevant examples five (5) factors each that might shape a company’s emphasis on  t...

A: A decent corporate purpose statement should be one to three sentences long and no more than 100 word...