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A: Externalities alludes to circumstances when the impact of creation or utilization of labor and produ...
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A: The answer is - Option 2. domestic business special interests and domestic consumer interests. Opti...
Q: Consider the following diagram, which includes a concave line of best fit: 40,000- US 35,000 - Belgi...
A: The correct answer to the question is option B i.e the line represents diminishing returns to scale....
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A: In the question above, it is given a table with Quantity, Total revenue and Marginal Cost. Fixed C...
Q: The demand and supply functions of two related goods are given by Qd1 = 300 – 50P1+ 20P2 Qs1 = -200 ...
A: Answer: Given, Qd1=300-50P1+20P2Qs1=-200+40P1Qd2=700+40P1-40P2Qs2=-100+20P2 Equilibrium in the marke...
Q: If it is more efficient for a country to produce a mixture of all goods (a combination that contains...
A: Production possibility curve (PPC): This curve helps to produce the two goods in the most efficient ...
Q: 5. The following are some of the costs of a clothing manufacturer. State which among them will you
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A: Nuclear-powered cars are more efficient and affordable and gain acceptance around the world, it will...
Q: Which of the following is part of GDP for the country mentioned O In the US the amount spent by the ...
A: Gross Domestic Product (GDP): Gross domestic product (GDP) is the total monetary or market value of ...
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A: The consumer surplus is the difference between the price the consumer is willing to pay and the pric...
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A: Given information There are 2 consumer C1 and C2 C1 has 2 strategy and C2 has 2 strategy 2 public go...
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A: Gross domestic product is the total market value produced domestically during an accounting year . ...
Q: 1) Generally, a high GDP per Capita indicates a developed nation. a) Sometimes b) With exceptions c...
A: Gross Domestic Product:- Formula to calculate GDP:- GDP=C+I+...
Q: Proponents of free trade argue that that liberalisation of trade relationships between rich and poor...
A:
Q: Suppose that coconuts and bananas are complements in consumption. Suppose further that the price of ...
A: here we find the answer of the given question as follow;
Q: 13. Unemployment due to mechanization of agriculture is
A: To find : What is unemployment due to mechanization of agriculture
Q: $10 Tatal $25 24 21 16 • I2J 4 $678 10 Ouantity Please, select the three (3) right answers: O At eac...
A: Law of demand states that there exists inverse relationship between price and quantity demanded, kee...
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A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all ...
Q: abor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivit...
A: Given: Labor productivity: 2008=22 units per hour 2009=21 units per hour
Q: Given the data in the table below, calculate the marginal propensity to save. Consumption Personal I...
A: Marginal Propensity to Save: MPS means the proportion of additional disposable income that is saved,...
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A: Amount charged by the owner of a luxury motor yatch= $580 Number of people signed for cruise= 20 Let...
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A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in de...
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A: Human capital refers to the increase in the productivity of a labor due to a rise in the economic va...
Q: Outut In 6-2 we studied how unantioipated infation might affect the soply of goods and services in t...
A: The answer is - Option 3. Unexpected changes in price level will have a some effect on output.
Q: Kelen and Chris produce rice and wheat. In an hour, Kelen can produce 1 unit of wheat or one unit of...
A: In one hour,Kelen can produce:1unit of wheat1unit of RiceChris can produce:2unit of Wheat3unit of Ri...
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A: Answer:- (D) Virtually unregulated.
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A: As the football team has won to tournaments and 74% of fans of the country follow it. It means thei...
Q: The aggregate expenditure for a simple economy in 2016 was $9 million. The table below shows spendin...
A: Given: Aggregate expenditure in 2016=$9 million
Q: The multiplier is an indication of the capacity of money injected in the economy to a. increase i...
A: The economics as a study is based upon the basic idea of scarcity. The resources which are present w...
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A: In the loan market, it can be said that a borrower has more information about his ability to pay bac...
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A: ●Donald Kirkpatrick, former Professor Emeritus at the University of Wisconsin, first published his m...
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A: The transformation of human society from a pre-industrial to an industrial state through social and ...
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A: Given:Market price=$350,000Willingness to pay=$560,000Quantity=1Now,Consumer surplus=12(Willingness ...
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A: A positive economic growth rate means the production of goods and services is increasing. A negative...
Q: .In a typical demand schedule, quantity demanded
A: To find : What quantity scheduled.
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A: According to the law of diminishing marginal product, the marginal output decreases when one more un...
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Q: 4. The total effect of a price change of a commodity is
A: The total effect of a change in a commodity's price is the substitution and income effects sum.
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A: Vouch Insurance Vouch Insurance is a new kind of startup insurance firm.Vouch's totally digitally de...
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A: Growth rates refer to the percentage change of a specific variable within a specific time period. Fo...
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A: A non-excludable and non-rivalrous good is referred to as a public good. Users cannot be denied acce...
Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...
A: The measure that depicts the final value of goods and services being produced in an economy during a...
Q: 11. Profit is maximum when
A: To find : When will be profit maximum.
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A: The formula to compute the mean of uniform distribution is: Mean=Minimum value+Maximum value2 Here, ...
Q: The Glass-Steagall Act, before its repeal in 1999, prohibited commercial banks from Question 4 op...
A: Answer: (b) engaging in underwriting and dealing of corporate securities.
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A: We will answer the first question since the exact one was not specified. Please submit a new questio...
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A:
Q: 250 225 + 200 175 - 150 125 100 75- 50 25- 25 s0 15 100 125 150 Quantity Refer to Figure 7-9. If the...
A: the initial producer surplus is the area above the supply curve till the price is equal to 50 corres...
HOW WILL YOU DECIDE ON WHO WILL GET A COMMODITY OF MILK BASED ON THE CHARACTERISTICS AND ROLES OF 3 ECONOMIC SYSTEM {MARKET, COMMAND, MIXED)
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- As of April 2022, Apple's iOS and Android combined market share in mobile operating system is 99.6% worldwide. Explain how this could happened in a free market world using concepts you have learned in microeconomics“Market forces should be allowed to allocate resources”. Is this a positive or normative statement?After Hurricane Katrina devastated parts of Mississippi and New Orleans in 2005, we can be sure that the production possibilities frontier for that area temporarily?
- Smith points out the possibility of producers contriving to raise prices. Are there other problems with the free-market system that he did not point out?Which one of the following helped the transformation of none-market economy to market economy a. Using means of exchange (money) b. Urbanization. c. Law and order. d. all of the above.in your own words describe The three economic systems: Command, Market, and Mixed economy
- If executives of various firms met in a smoke-filled hotel room to fix prices and to allocate which firms will produce what quantity of the good or service, then what are they doing?Using a practical example, explain some of the reasons why the market fails to allocate resources efficientlyThe following table shows the amount of good A and good B that two countries could produce if they devoted all their resources to that good. Assume both countries have the same quantity of resources and the trade-off between good A and good B remains constant as resources are shifted from one good to another. Answer the questions below and show calculations where appropriate. Canada India Good A 600 500 Good B 950 1200 What is India’s marginal opportunity cost of producing good A? Good B? Based on the data given, what is the terms of trade range for good A in terms of units of good B?