How national income can be measured in economics? Explain briefly:

Q: What are the factors that caused the consumer surplus?

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: How does subjective value make "gains from trade" possible?

A: The subjective value can be considered to be as the significance a singular provides for a decent, t...

Q: 2. Suppose the monetary-policy rule has the wrong natural rate of interest, and the central bank fol...

A:

Q: A. At XYZ Restaurant, which sells only pepperoni pizza, has the cost profile: (Note that variable co...

A: Given; Fixed costs= $5650 Variable costs= $5.56 Price= $10

Q: In the world of economics, this is a very powerful term that can make or break relationships, busine...

A: There are different factors that can contribute to making or breaking relationships, businesses, fir...

Q: 3. An amount of 100,000 was borrowed and was to be repaid in 10 instalments at the end of every quar...

A: P= 100,000   r= 12% compounded semi annually = 12%/2 = 6%   Number of years= 2.5 years (10 installme...

Q: 5. Free-trade benefits In addition to the positive welfare effects that free trade has on an economy...

A: The international market is the platform for countries to make an exchange of goods and services amo...

Q: What is relationship between social welfrare and economic growth ?

A: Social welfare refers to the concept to study about. The betterment of the whole society in terms of...

Q: A rate of return analysis was conducted for the following alternatives, based on the table below. In...

A: Given information

Q: Which of the following variables falls when the national economy enters a recession? (choose all tha...

A: Recession: In the business cycle, recessions are a normal, albeit unpleasant, part. During a recessi...

Q: Suppose John spends all income on video games and pizza. Suppose the price of video game decreases a...

A:

Q: When Argentina experiences a period of high inflation and Argentineans lose confidence in their peso...

A: Inflation is the fluctuations in the general price in the domestic markets of a country, which influ...

Q: The Premier Car Title Loan Company makes emergency loans of up to $500 for one month for a fee of 2%...

A: The values given are:- Maximum emergency loan for a month period = $500 Interest on loan = 2% Person...

Q: A firm borrows 2,000 for 6 years at 8%. At the end of 6 years, it renews the loan for the amount due...

A: Borrow Amount = 2000 for 6 years at 8% Loan Renews with additional amount of 2000 for 2 more years a...

Q: Using appropriate graphs and mathematical expression, briefly discuss one macroeconomic view of heal...

A: Macroeconomics is the study of the behavior of a whole economy, such as a market or other large-scal...

Q: The stimulus check is an example of Select an answer and submit. For keyboard navigation, use the up...

A: Stimulus refers to the measures adopted by the government to stimulate the economy. Stimulus checks ...

Q: An investor's utility function for the payoff of a project is U(x)-x04. The return of a project depe...

A: Utility function : U (X) = x0.4 Return on heads = 26  Return on tails = 74  Probability of getting h...

Q: 1)lf the price of a product increases by 10 % and demand decreases by 25%. It is the situation of: A...

A: GIVEN; Price of product increases by=10% demand decreases by=25% Price Elasticity of Demand = % Chan...

Q: The Food and Drug Administration (FDA) is the arm of the government that implements safety in the fo...

A: Redistributive policies are those that transfer resources from one party to another. Eg, food stamps...

Q: ____ a. individualistic capitalism____ b. political action committees____ c. oligopoly____ d. govern...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: Suppose the economy currently has an inflation rate of 7%. Moreover, the slope of the economy's Phil...

A: For a classical model of Phillips Curve we assume that the production function in economy is only a ...

Q: Find PV: You can deposit money into a money market account that earns 3.5% interest per year. How mu...

A: Present Value:Present value is current value of Future cash flows discounted at specified discount R...

Q: ts Keep the Highest /3 nsumer Surplus e buys an iPhone for $150 and gets a consumer surplus of $200....

A: Equilibrium is achieved at the output level where Qs equals Qd

Q: 19. If a low cost house and lot worth 87,000 were offered at 10% down payment and 500 per month for ...

A: EIR, effective annual interest rate (AER), annual equivalent rate (AER), or simply effective rate is...

Q: The equation D(x) = 208(1.257)* represents the annual number of debit card transactions in Canada, w...

A: We have given  D(x)=2081.257x               .... (1) Where D is in million and x is in years since 1...

Q: Discuss 5 ways that a manufacturing company may reduce interest rate exposures

A: In a market, when talking about interest rate exposures, it refers to the risk associated with fluct...

Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of...

A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that minimi...

Q: An annuity of P2,000 is to be paid in 4 years at the rate of 10% compounded continuously. What is th...

A: Present Worth of an annuity formula PW =PMT1-1(1+r)nr where PW is the present worthPMT is a continuo...

Q: An economy currently has a separation rate 3 = 5% and a job-finding rate f = 74%. Suppose the govern...

A: The unemployment rate is the ratio of the number of unemployed people to the labor force. The unempl...

Q: how  do firms choose how much output to produce.

A: production is the making system - it is in the same place as the natural/raw substances and parts ch...

Q: yeal, and fill in the table. (Round your answers to two decimal places.) Year Nominal GDP Price inde...

A:

Q: If the GDP per capita of a country doubles every one hundred years, the shape of its graph on a line...

A: The total population is divided by the gross domestic product to arrive at GDP per capita. The gross...

Q: True/False: One of the advantages of saving money in banks is for safekeeping. In cases of fires, b...

A: Banks refer to the financial institutions that accept deposits from the consumers and lend them to b...

Q: Figure 8-8 Suppose the government imposes a $10 per unit tax on a good. Price 24 22+ 20 18 Supply 16...

A: Tax in any economy creates the dead weight loss which is the sum of loss in consumer and producer su...

Q: ‘Utility services cost less even though they cost more’, elaborate this law with the help of suitabl...

A: Utility services are less expensive, despite the fact that they are more expensive. Consider a compa...

Q: 3) A paper factory signed contract to produce 1000 reams of paper each week for a customer. The pape...

A: (a) Q = 4K0.75L0.25 Differentiate Q w.r.t L to get MPL => MPL = dQ / dL => MPL = 4 * 0.25 K0.7...

Q: The consumer price index for a group of workers was 250 in 1994 with 1980 as the; (1) Compute the pu...

A:

Q: Two factories mamufacture the Number of Defects same machine parts. Each part is classified as havin...

A: Answer is given in the picture:

Q: Kyle's utility function is U = 2.7X +2.7Y, where X is units of good X and Y is units of good Y. What...

A: Marginal utility of good X can be calculated by differentiating utility function partially wrt X. MU...

Q: A monopsonist's demand curve for labor is given by w= 15 – 2L, where w is the hourly wage rate and L...

A: Given; Monopsonist demand curve; w=15-2L Monopsonist supply (AFC) curve; w=1L Marginal Factor Cost (...

Q: The following table provides annual sales for the four largest firms in four industries in Canada. A...

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

Q: Consider a firm whose cost of producing each unit is the same at all output levels. Which of the fol...

A: The correct answer is c. The isoprofit curves cannot cross.  This is because higher the isoprofit cu...

Q: Total Total Marginal Marginal Price Cost $5 $5 $5 $5 $5 $5 $5 $5 Quantity Revenue Revenue Cost $0 $5...

A: Introduction Here data of total cost, total revenue a firm has given. And we have calculate its marg...

Q: Find FV: You have $2,000 in a savings account that earns 1.5% interest per year. What will be the ba...

A: Future value is the value of an asset present at a future date based on an expected growth rate (FV)...

Q: True or false: A lump-sum tax on a monopolist will always increase the price charged by the monopoli...

A: If we assume that government impose 10% tax on the monopolists, then the fixed costs of the firm wil...

Q: Problem 2. Consider the following Phillips Curve n = En – 0.6(u – 0.05) a) Explain the above Philips...

A: Phillip's Curve is the curve which depicts inverse relationship between inflation and unemployment .

Q: Explain profit maximisation. Discuss price discrimination and the role it plays in perfect competit...

A: Perfect competition refers to the form of market structure that consists of large sellers of a singl...

Q: Summarize the factors that affect the cyclical flow of the economy and explain its roles.

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

Q: Price Quantity Demanded Quantity Supplied Dollars per unit) (Units) (Units) 36 12.00 10.00 3 30 8.00...

A: The curve that depicts various qunatities of godos and services being demanded by individuals at dif...

Q: (a). The consumer price index over a certain period increased from 120 to 215 and the ages of a work...

A: The answer is given in the attached picture: