Identify ALL the factors that can shift a supply curve? and Explain briefly how each factor impacts the respective supply curve?

Q: Only one of the options is correct, not three

A: Nominal GDP is the value of all final goods and services produced in any economy during a given…

Q: For each example, select the type of price discrimination that is being used. A firm charges each…

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: Amanda inherited P280,000 on her 30th birthday. She placed it on a pension fund which earns an…

A: Note: My dear student, As per bartleby guidelines I have done only one answering at a time. Please…

Q: Off-Shoring is:     A. When a country creates trade contracts with other countries   B. When the…

A: Off-Shoring is the relocation of a business process from one country to another.

Q: You make a lightweight compact foldable windbreaker. Your brand, Desert Wind Jackets, is well…

A: Price elasticity of demand It is an indicator of how price-sensitive the quantity needed is. Nearly…

Q: (C) Suppose a normal good X. Its price increases from pr to p > Pr. The quantity demanded of good X…

A: Here we are given the various situation where the price of a good changes. The resulting change in…

Q: Mandy’s Mineral Springs, a single-price monopoly, faces the following demand and cost schedules:…

A: Total Revenue is price times quantity. TR= P*Q Marginal Revenue is the additional revenue earned due…

Q: The first cost of a machine is P1.8M with a salvage value of P300,000 at the end of its life of 5…

A: The double declining balance (DDB) depreciation technique refers to a method of accounting that…

Q: The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 97e-3p/2,…

A: given that, monthly sales of Mona Lisa  is given by the formula q = 97ep-3p2/2

Q: Which of the following are Adam Smith's Dos?     A. Protect society from violence and invasion of…

A: Smith's three basic principles of economics: People follow the law of self-interest. Competition…

Q: Match the term and the definition:                                                    flat tax…

A: Progressive taxes depends upon the ability of the taxpayer. In this case, as your income increases,…

Q: Suppose exceptionally good weather provides a much bigger than expected orange harvest.…

A: The Supply curve depicts the positive relationship between price and quantity supplied, keeping…

Q: 3. Indicate whether the following are private goods, club goods, common-resource goods, or public…

A: Introduction  Private goods - Private Goods are products that are excludable and rival.  Public…

Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…

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Q: 5. Money Multiplier: Given: Money Multiplier: 1+c rr+e+C required reserve ratio = 0.10 C = currency…

A: Given information: rr = required reserve ratio = 0.10 c = currency ratio = 0.5 e = excess reserve…

Q: GNP includes: A) neither intermediate nor final goods. C) intermediate, but not final, goods. B)…

A: The GDP refers to the production of goods and services during a financial year. The GDP does not…

Q: find the present value of $175 perpetuity if the interest rate is 6 percent  compounded quarterly.…

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Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…

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Q: Suppose that the government imposes a tax on the market. D is the demand curve before tax, S is the…

A: Before tax equilibrium occurs at the intersection of demand and supply curves and after tax…

Q: what is the United States economic system. and what does globalization have to do with it

A: The world's greatest nominal GDP and net wealth are both concentrated in the United States, which…

Q: Use the Gravity Model to explain why China, Japan, Mongolia, North Korea, South Korea, and Taiwan…

A: According to the gravity model of international commerce, the amount of trade between two nations is…

Q: Assume the graph represents the market for a monopolist. What quantity will the monopolist produce,…

A: Under monopolistic competition, there are large number of sellers selling differentiated product.…

Q: Consider the nature of unemployment and inflation and predict whether or not they should have some…

A: Inflation is the term used to describe price increases for almost all goods and services in the…

Q: Profit Maximization and Shutdown Point (numerical example) A group of economists surveyed small…

A: Introduction Total revenue is the multiple of price and quantities produced by the firm. The total…

Q: A man borrowed some money from a private at 5 % simple interest per annum. He landed this money to…

A: We use the following formulas to solve for the Simple Interest: Simple Interest = Principal X Time X…

Q: What are the determinants of exchange rates? Do interstate rate differentials have an impact on…

A: Macroeconomics refers to the branch of economics that deals with the with performance, structure,…

Q: The aggregate production function of capital states that output is determined by:

A: We are given a graph of production function, here output is a function of available capital stock.…

Q: 7. The unemployment rate at the time was 10%, and a confederation of large businesses campaigned for…

A: Unemployment rate = 10% Minimum wage decreases from 50 francs to 30 francs

Q: mining Cutting Speeds in Machining Economics) ing operation is performed with HSS tooling on mild…

A: Machining or metal cutting is one significant part of the creation framework. Extreme protesting of…

Q: Graphically show a monopoly firm that currently sells 250 units of output at a price of $60/unit,…

A: Given  A monopoly sells 250 units at price $60 per unit.  At the 250th unit, MR=40, MC=50, ATC=60 We…

Q: Define economics and describe the two types of economic systems: capitalism and command economy.

A: Humans have unlimited wants, but there are limited resources in the system or there is scarcity of…

Q: In the Solow Growth accounting model with a capital share of 40% if total factor productivity growth…

A: Under the solow model we have the production function as:  Y = AKαL1-αY : output K : capital stock L…

Q: Draw the short run marginal cost curve for a firm with eventually diminishing marginal product.…

A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…

Q: The graph below represents the market for sugar in the U.S. The domestic supply and demand curves…

A: * SOLUTION :-   From the given information the calculation is given as below as   No trade  The…

Q: Maria was working for an employer and lost her job two months ago.  She has not looked for a…

A: Unemployment refers to the condition of one who is capable of working, and actively looking for…

Q: (B) Same setup as (A) with u(x, y) = ax + y and ap<1. What is the demand for X? (a) x(p, m) = m (b)…

A: Given  The utility function: u(x,y)=αx+y          ....(1) Here αp&lt;1  The price of good x is 1 and…

Q: 130 ve beenbew suc 4. Four roommates are planning to spend the weekend in their dorm suite watching…

A: The question contains a table which shows the willingness to pay for each film by each of the…

Q: You have a big exam tomorrow. You were planning to study tonight, but your friend has tickets to a…

A: Given that the person would be willing to accept a B on the exam in order to go to the concert.…

Q: When the Covid outbreak began, prices of face masks escalated or, in areas where sellers kept prices…

A: There was an unprecedented global demand for face masks and other protective equipment during the…

Q: The budget set, or budget constraint, in the graph shows the possible combinations of brownies and…

A:

Q: 2. An equipment costs P740,000 and has a maintenance cost of P50,000 every year. If it has a salvage…

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Q: Draw the Saving-Investment diagram and illustrate the effects of the following shocks on the…

A: ANSWER: (A).        Saving is an increasing function of the rate of interest. People save more at a…

Q: Price $0 $5 $10 $15 $20 A Supply of Grapefruits E 0 5 10 15 20 Both $10 Both $50 Both $200 B Print…

A: Consumer surplus is the difference between the price the consumer actually pays and willing to pay…

Q: A consumer has utility (1,₂)=1+12. Suppose that, because of a shortage of good 1, the government…

A: Utility function  : u(x1 , x2 ) = x1 + x1x2  Price of good 1 : P1  , Price of good 2 : P2  Income =…

Q: Consider an exchange economy with two agents, 1 and 2, and two goods, apples and bananas. The…

A: Utility function : u(x ,y ) = xi + ln (1+yi ) where , i = 1, 2  For Agent 1 - Endowments : ( 10 , 0…

Q: The new 'information-theoretic economics' constitutes, according to Fine, a new form of economics…

A: Introduction Economics is a part of social sciences that deals with human behavior activities. Gery…

Q: You are 20 years old. In five years, you will have access to a trust fund that will be worth $20,000…

A: Present value is the value of investment in todays dollar.    Future value is the value of…

Q: This supply schedule gives 2 points on a market supply curve. Which of the following is true about…

A: Price elasticity of supply measures the responsiveness in quantity supplied of a commodity to a…

Q: Explain how competitive advantage play a role as one of the globalization driver ?

A: In recent decades, the primary idea of globalization has taken centre stage in economic life. Almost…

Q: ume that you are told a country’s nominal GDP decreased from one year to the next.  All of the…

A: Nominal GDP means market value of final goods and services based on the current market price.