Q: What is an internal cost of driving a domestic car? a. Health costs b. Highway accidents c.…
A: Internal cost is the direct monetized cost. That is, it is the cost that a business based its price…
Q: 1.examine the gap between rural and urban areas across the globe. how is that gap affected by…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: ake the product, should you go ahead and d
A: Any decision regarding the production of goods by a firm depends upon the maximum profit it can get…
Q: 1. Is the information primary, secondary or tertiary? Explain. 2. How many years do four score and…
A: SINCE THERE ARE MULTIPART QUESTIONS BUT ACCORDING TO GUIDELINES WE ARE ALLOWED TO DO ONLY THE FIRST…
Q: Canada’s prime minister, Justin Trudeau has declared that 60% of car sales will be electric by 2030…
A: A reasonable goal is one that is : well-defined and has measurable goals that must be met within a…
Q: The following Table is for answering questions 8 to 12 below: Input Output 6000 TFC 2400 W 2400…
A: Answer for Q#5 Total cost is the sum of total fixed cost(TFC) and total variable cost(TVC). Total…
Q: 4. Suppose a friend of yours decides to write a novel. Explain how ideas and objects are involved in…
A: A novel is a book on some story which might be real or based on fiction. Here ideas and creativity…
Q: Why is innovation so important for firms to compete in many industries?
A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first…
Q: Each worker gets equal pay. Fill in Average Product and Marginal Product. At what input level will…
A: Average product is the output produced by each unit of worker and marginal product is the additional…
Q: Which one of the choices is NOT a characteristic of a capitalist economy? a. Profit motive b.…
A: Capitalism is an economic system where all the economic activities are controlled by private…
Q: 7. Which of the following is INCORRECT about coding in social research? A. The coding process…
A: The incorrect statement about the coding in social research is “A researcher can pay attention to…
Q: 5) Which of the following are considered factors of prodaction? I Land IL Labor IL Physical capital…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Briefly discuss the different uses and the application of Business Mathematics concepts in day-day…
A: A company or an innovative entity that engages in commercial, industrial, or professional activity…
Q: Question #1. Explain the following formula and provide an example of how to use it to solve a…
A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the…
Q: Azril is going to buy 5 new color photostat machine which is a new high technology model from Japan…
A: Given information Azril is buying 5 photostat machine. The new machines are related to high…
Q: 5. Canada’s prime minister, Justin Trudeau has declared that 60% of car sales will be electric by…
A: The given statement clearly states its vision of Trudeau to achieve a green economy. This is done by…
Q: QUESTION 23 300 30 250 25 MC TC 20 200 15 TVC 23. The vertical distance 150 AC 10 100 AVC TFC AFC 50…
A: Total Cost is the total cost incurred in the production of good or service. Total Cost = Fixed Cost…
Q: Define a proposal, or in other words, what is it for?
A: 1. A proposition is typically requested or spontaneous – which means, that the buying…
Q: The key idea of the Arzhagi and Henderson paper of “Networking off Madison Avenue” is . . . A.…
A: Market imperfections result in an increase of economic rent. It'd not exist if markets are perfect…
Q: .How does a business owner applying the concept of marginal costs decide how much to produce? For…
A: Marginal benefit is an increase in total benefit because of one more hour of drive. Marginal cost is…
Q: China Production Possibilities Product A B C D E F Apparel 20,000 16,000 12,000 8,000 4,000 0…
A: China Production Possibilities Product A B C D E F Apparel 20,000 16,000 12,000 8,000 4,000 0…
Q: What makes a certain behavior unethical? * a.If it might cause harm to yourself. b.If it might cause…
A: Unethical behavior means do something falls which is against the moral behavior or against social…
Q: Case study 1.7: Electricity generation Here and now Distributed power generation will end the…
A: Monopoly is a market structure where single firm operate in the market.
Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?
A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…
Q: organizational behavior research contribute to the improvement of productivity and efficiency ?…
A: Organizational Behavior (OB) is the multidisciplinary investigation of the worker cooperations and…
Q: What other business disciplines are related to Managerial Economics?
A: The field of economics which leads to decision making and leads to the bridging of gaps between…
Q: Macro environmental Analysis Explain the following 1. Politico Legal 2. Socio cultural 3.…
A: 1) Political and legal - Political refers to a stable political motive leading to an environment and…
Q: decision making to those in
A: Business decision making depends on the rule that individuals settle on judicious decisions with the…
Q: According to Adam Smith, how were changes in production at the pin factory an example of how…
A: Capitalism is an economic system based on the private ownership of productive assets and their…
Q: Question 14 Suppose that during their winter break, Sarah J. and Kaitlyn D. want to go, from Duluth,…
A: Hi! thanks for the question but as per the guidelines we can answer only one question. So I am…
Q: 14. How could better healthcare improve business? Do businesses also face scarcity? True or False
A: Dear student, Thank you for giving me chance to help you. You have asked multiple questions in a…
Q: 3. Consider the following table: (1) (2) (3) (4) (5) (5) (7) (8) OUTPUT FC TC AFC AVC ATC MC 5000…
A: Answer;
Q: 5) What is the difference between radical innovation and incremental innovation
A: A radical innovation is one having a significant impact upon a market and also upon the economic…
Q: what are the five common main objectives of firms?
A: The firms are commercial enterprises which buy and sell products and/or services to consumers in…
Q: In which century did Economics become a science? a) 18 B) 19 C) 17 D) 16 TO) 20
A: Economics has a significant history due to which there is an evolution in the study of economics due…
Q: 4. When we covered education , we discussed the " Human Capital vs Signaling " debate that exists…
A: Human capital can be understood as the creation of intangible asset by investing in education that…
Q: Which of the following terms best represents the knowledge building created when two or more…
A: Bounded spanning activity occurs across the organizational boundary to obtain valuable information…
Q: 22. An office manager is concerned with declining productivity. Despite the fact that she regularly…
A: The office is being monitored by the manager and it is clearly mentioned that the manager monitors…
Q: Explain in 5 sentences on how technology impacts our daily lives in the fields of education,…
A: Technology affects everyone, it increases the production of an economy and improves the efficiency…
Q: How does the buddhist concept of "mindfulness" relate to the austrian school of economics idea of…
A: Economics can be defined as the allocation of scarce resources in order to satisfy the consumer…
Q: The following Table is for answering questions below: Input Output TFC TVC TC MC…
A: Answer: Correct option: 400 Explanation: The total fixed cost remains the same at each level of…
Q: The world’s most innovative companies have largely created structures that remove structural…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Does Elon Musk suffer from scarcity? Explain.
A: Scarcity is one of the core pillars of the economics subject.
Q: What is the importance of business ethics to the economy wor
A: Business ethics refers to the businessman’s behavior while doing a business as it has an impact on…
1# Why was Alexander Piscardi not willing to send his ward to local school? Was he right in his decision? Franklin school of technology:
Step by step
Solved in 2 steps
- Why do you think that most modern countries economies are a mix of command and market types?What do economists mean when they refer to improvements in technology?Suppose you are part of an economic analysis team charged with recommending a policy response to pesticide risks. Explain the steps your team should take and why.
- 1) Your firm must decide whether or not to introduce a new product. If you introduce the new product, your rival will have to decide whether or not to clone it. If you don't introduce the new product, you and your rival will earn $1million each. If you introduce the new product and your rival clones it, you will lose $5million and your rival will gain $20 million (you have spent a lot on R&D and your rival will not have to spend any R&D in order to clone it). If you introduce the new product and your rival does not clone, you will make $100million and your rival will make $0. a) Draw the extensive form (the tree diagram) of this game, carefully labeling each node and outcomes associated with each action. b) Should you introduce the new product? c) How would your answer change if your rival has "promised" not to clone your product? d) What would you do if patent law prevented your rival from cloning your product?5. 7) Fifteen years ago, the town of Easton decided to increase its annual spending on education so that its high school graduates would be able to earn higher wages. Now Easton has asked you to evaluate the effectiveness of the spending increase. Their data show that before the spending increase, the average salary of recent high school graduated was $25,000 and that now the average salary has risen to $28,500. Fortunately for your analysis a neighboring community did not change its annual spending on education. In the other town 15 years ago high school graduates earned an average of $22,500, and now the average is $23,750. a) Use a differences-in-differences estimator to determine whether Easton’s spending increase potentially caused the wages of high school graduates to rise. b) What underlying assumption do you have to make in order for your estimate to be valid? What might cause that underlying assumption to not be valid?Question 43 Refer to the situation and table in Question 42. From an economic perspective, should the new street light be purchased? Group of answer choices Yes, because a majority of people in the town would get a net benefit from it. No, because not everyone in town gets a positive net benefit from the new streetlight. Yes, because it provides benefits to people in the town. No, because the total benefit from the streetlight would be less than the total cost.
- 11- One research is being conducted about how gold prices change due to the changing preferences of individual consumers. Research such as these belong to the study of ______________. a. International economics b. Microeconomics c. Macroeconomics d. Public economics1. How do you demonstrate professionlism as a student in social work?draw a D/S diagram to illustrate your answer. (Currently there are approximately 20,000 children in Canada waiting for adoption, but only about 1000 are adopted each year. Meanwhile about 2000 children per year are adopted from overseas.
- According to the Department of Statistics Malaysia (DOSM), as of 2020, the country’s share of agriculture stood at 7.4% of the overall GDP, which is comparatively lower than neighbouring countries such as Indonesia (13.7%) and Thailand (8.6%). Nonetheless, 16% of Malaysians are involved in agriculture. The above issues can be mainly attributed to the traditional, labour-intensive farming methods, which require constant monitoring and suffers from high wastage. Explain how the agricultural industry in Malaysia can achieve allocative efficiency.Scenario DC street band, Spread Love, plays regularly on the corner of 15th St. and New York Ave, situated nicely in the heart of DC’s tourist district, near Lafayette Square and the White House. Employees in the nearby offices complain that the band is a nuisance and the noise distracts them from their work. Some offices and conference rooms in the buildings have been rendered unusable due to the noise. Employees have been forced to work wearing headphones or have brought in white-noise machines to drown out the music. The nearby law firm contacted the Secret Service and the DC police. However, the police determined that the band’s performances were legal. Question Are the street musicians imposing a negative or positive externality on the law firm and other employees in the area? To people and tourists walking by? To any other group not mentioned here? Economic theory suggests that in a private market, public goods will be under-produced. Does street music satisfy the characteristics…
