I Nam's Marshallian demand function for good X and Y is given by: X* = Suppose that P-3, a = 0.7, B = 0.3 and I-18 2Px(0+5) The own-price elasticity of demand of good X is_

Q: All of the following have been used in the past as commodity money EXCEPT: O a. Salt. O b. Gold. O c...

A: Salt, Gold, and Silver were used as a medium of exchange in the barter system economy. But the water...

Q: A monopoly produces outcome and than the efficient deadweight loss. a. More, creates b. Less, create...

A: Monopoly is a single seller that sells unique good in the market. It charges price greater than marg...

Q: what are the benefits of economic growth to a country

A: Economic growth refers to the production of economic goods and services in the economy compared with...

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 2002. 4a.What is the firm's margina...

A: (4b) For a perfectly competitive firm, MC above ATC is long-run supply curve.  C = 500 + 10Q + 20Q2 ...

Q: Give an example of a positive impact that an international Firm can have on a foreign country's econ...

A: International firm refers to a company which has operations in more than one country. The head quart...

Q: Directions: Solve the following problems. Interpret the results. 1. Christine sells banana banana tu...

A: Given  At price Php 4.00, total sell is 50 pcs and at price Php 6.00, sell is 40 pieces.  Formula fo...

Q: 13. The inelasticity of demand for gasoline in the short run makes no theoretical sense. b. makes se...

A: Elasticity measures the responsiveness of quantity demanded to changes in price level.

Q: Suppose that consumers value a high-quality used laptop computer at a price of $400, while they valu...

A: Suppose that consumers value a high-quality used laptop computer at a price of $400 and a low-quàlit...

Q: Suppose a Cobb-Douglas function of two goods. The elasticity of demand for good 1 is -0.3. From this...

A: Price elasticity of demand refers to the percentage change in the quantity demanded of a good induce...

Q: Give three (3) reasons that support that EXIM (Export-Import) Banks contributes to the increased Int...

A: Exim Banks are government or semi-government organizations that ensure the protection and progress o...

Q: A lemon-growing cartel consists of four orchards. Their total cost functions are: TC, = 20 + 5Q TC, ...

A: We have given 4 cost functions for 4 orchards. Basic formulas:  AC=TCQMC(Qm)=TC(Qm)-TC(Qm-1)

Q: In the most recent FOMC meeting, the Federal Reserve increased the Federal Funds rate. By doing this...

A:

Q: Give us your personal verdict over Global outsourcing.  Also, do you think which direction of trade ...

A: Foreign outsourcing, or the importing of some intermediate product (i.e., a portion of a final produ...

Q: 3) If you are the attacker, and you know that the defender is going to choose the best strategy they...

A: Sorry, as per the rules we do not provide handwritten solutions. 3. From part 1 and 2 we know that i...

Q: 14. A man made ten annual end-of-year purchases of P1,000 common stock. At the end of 10th year he s...

A: Future value is straightforwardly connected with the financing cost. It implies as the financing cos...

Q: 1. Suppose all firms in a monopolistically competitive industry were merged into one large firm. Wou...

A: Monopolistically competitive industry Monopolistic competition is an imperfect kind of competition i...

Q: aphed with the conventional axes, the slope of the aggregate labour demand curve is negative and its...

A: Given that LDA = 118 - 2.6wA LDB = 92 - 3.8wB

Q: Q6 Suppose the market demand is given by Q 3 100 — р, where Q is the total quantity demanded and p i...

A: For most competitive equilibria, the First Order Conditions for profit maximisation can be deduced a...

Q: (A). What are the components of the trilemma that is encountered when a country chooses its monetary...

A: (A.)  The policy trilemma, which is also known as the impossible or inconsistent trinity, implies th...

Q: 27.A household buys U.S. government bonds, and at the same time the Federal Reserve (Fed) also buys ...

A: Here, it is given that households and Fed, both are buying government bonds at the same time.   

Q: Suppose Adam has utility function UA (X1, x2) = xy and Bob has utility function UB (X1, X2) = xx2 To...

A: Given  Adam utility function:  UA(x1,x2)=xy Bob utility function: UB(x1,x2)=x12x2 Initial endowments...

Q: Which of the following is NOT a tool of monetary policy? Select one: a. Discount rate b. Reserve req...

A: Monetary policy is used to change the money supply in the economy.

Q: Identify and discuss the Technological environment of China. You are deciding to run a startup busin...

A:

Q: STOP UK ARMS EXPORT TO SAUDI UAE DICTATORSHIPS Source: Shutterstock In Great Britain, protesters obj...

A: a. The conflict in Yemen has brought to light the United Kingdom's arms sales to Saudi Arabia. Durin...

Q: In a paragraph. Explain the tradeoff involved in determining the optimal length of intellectual prop...

A: Intellectual property protection is to provide property rights which means to preserve or protect in...

Q: Question 9 Which of the following statements is true? 1. If output per head is proportional to the n...

A: Answer: If output per head is proportional to the number of ideas had in the past then an increase i...

Q: Suppose that in 2003, 985 workers were employed in the public sector, 709 of which were unionized. A...

A: Given that; In 2003, 985 workers were employed in the public sector, out of which 709 of which were ...

Q: If a bank has $32 million in deposits and the required reserve ratio is 4 percent, the bank's requir...

A: Required reserve ratio is the minimum requirement of percentage of deposits that banks have to hold ...

Q: rue or false questions. Need asap. I put the answers I got for each one.  5. A core inflation index...

A: Answer -

Q: is based on the equivalent worth of all cash inflows and outflows at the end of the planning O a. Fu...

A: Cash flow is defined as amount of cash or cash equivalents that are transferred in and out of the co...

Q: Suppose that Wendy gets 15 units of utility from one muffin and 23 units of utility from two muffins...

A: (1) The Principle of diminishing marginal utility says as we keep consuming units of a good, the uti...

Q: Refer to the graph shown. Assume the market is initially in equilibrium at point b in the graph but ...

A: As the supply curve shifts upward the equilibrium price now changes.

Q: Suppose you live locally and travel to this university to study for your degree. your expenses durin...

A: Following expenses has been incurred: Tuition fees = $5000 Books and other educational supplies = $3...

Q: Disinflation exerts impact on both output and unemployment"

A: Introduction Disinflation means that rising in prices but at a lower rate. During disinflation the e...

Q: List institutions that influence international environmental policy and describe how nations handle ...

A: The policies, programs, or activities that lead to an improvement in the life quality, and well-bein...

Q: Which of the following reflects aggregate demand in a closed economy? OC+I+G. OC+I. OY-T. OY -C-G.

A: "Aggregate demand in a closed economy reflects the total amount of all final commodities and service...

Q: If computers are like most goods and the price of computers chips rise, then holding all else consta...

A: Assuming: computers are like most (normal goods). Computer chips are used as input in the making of ...

Q: The Federal Reserve determines that the equilibrium level of output is above full employment and the...

A: Inflation is the rise in the price of practically all goods and services in the economy. It has an a...

Q: Is the demographic transition a universal process?

A: Demograhic transition is a universal phenomenon.

Q: CDO City started a Solid Waste Management initiative in partnership with Tetra Pak Philippines and B...

A: In the mentioned question we have been asked about the profits which are going to be earned when the...

Q: The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1, P1,80...

A: Cash flow is the positive or negative values that lie in the different periods of accounting systems...

Q: 5. Fixed Proportions Production > The production function for gizmos is: Q = min {2L, 3K} > Graph th...

A: Given  Production function  Q=min{2L,3K}             ... (1)

Q: Which of the following models, if any, rests on the assumption of competitive factor markets? ...

A: Competitive factor markets It's a structure or system in which the product and factor markets are co...

Q: Define externality. Also explain negative and positive externality.

A: Externalities occur when the production or consumption of a good has an impact on third parties who ...

Q: The private marginal benefit associated with a product's consumption is PM B = 350 – 4Q and the priv...

A: Externality refers to spill-over effect of a good on third party which is not involved in either con...

Q: In the labour market, suppose one-half of the labour supply has high skills and the other half has l...

A: Answer: Given, Fraction of workers who are skilled=12=0.5New demand for labor:W=80-30FLet us substit...

Q: Which of the following is an example of specific reciprocity? Group of answer choices (pick one) A.T...

A: Specific reciprocity is a practice in international trade by which two parties give to each other at...

Q: Which of the following statement(s) describe sunk cost? 1) All of the answers are correct 2) It chan...

A: To produce a good, two types of cost are incurred, variable cost and fixed or sunk cost.

Q: Danny has 40 hours per week to allocate to work and leisure. He is currently paid an hourly wage of ...

A: People are more willing to work when wages rise because the opportunity cost of leisure rises. This ...