If a country chose to produce twice as many wooden chairs as before, how would that affect its production of wooden tables? show would the law of increasing costs apply to the chairs

Q: A good government policy on science and technology results to (can be multiple answers) a. more spe...

A: Government has an assortment of strategy instruments for expanding  new technology and empowering it...

Q: Name and explain on the example of your interest one factor that caused the shift of the supply for ...

A: Introduction Supply curve in loanable market shows the behavior of savers. When interest rate are hi...

Q: The inverse demand for tea is given by P = 12 – 0.03Q, where Pis the price per a gram of tea and Qis...

A:

Q: Exercise Number 1 Taking the data of the following table answer 1 through 3. Indicators of Puerto Ri...

A: Answer: (1). Let us first find the personal disposable income at constant prices:Personal disposable...

Q: Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run comp...

A: In competitive market equilibrium occurs at the intersection of demand and supply curves.

Q: 2) Indicate the type of cost which is not variable cost: a) Workers' wage. b) Material used in produ...

A: Production cost is the monetary value incurred in the process of production. It includes two cost fi...

Q: 22. If C = 2000 + 0.5 YD, what decrease in taxes must occur for equilibrium output to increase by 50...

A: Disposable income depends on taxes and charges in taxes affect disposable income which then affects ...

Q: What are the goals of supply side economics? Of the potential supply side tax cuts: income, saving, ...

A: The theory of supply-side economics focuses on changing the supply of labour and products by utilisi...

Q: (b) Consider a production function: Q=7(L), where Q represents the output and L is the factor of pro...

A: Envelope theorem is related to the differentiability of certain variables and its impact on the valu...

Q: Given: Desktop Publishing Software Inc, develops and markets software packages for business compu...

A: P = $1000 - $1Q TC = $50000 + $100Q   Answer 1: Total Revenue is the  product of price and quantity....

Q: Jacob manages a cloth manufacturing firm. He is deciding whether or not to invest in new machinery. ...

A: Net present value (NPV) is the difference between the present value of cash inflows and the present ...

Q: Amazon recently announced that its trying to set up its own shipping and delivery service. This is a...

A: Given condition is an example of,

Q: Jim's retirement account in a company currently totals $416,384. What perpetual income can Tom and h...

A: To begin receiving income as soon as a policy has been established, the annuity contract is called a...

Q: 1. Suppose that in order to engage in some legitimate business, entrepreneurs need permission from a...

A: Bribe function : N = 600 - 5(x + y ) When both the officials collude they  jointly maximize the amou...

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A:

Q: A monopoly is designing two take-it-or-leave-it contracts of the form (gi, ri) for two consumer type...

A: Marginal Utility refers to the utility that a consumer or individual derives from the consumption of...

Q: An example of physical capital is O a) a worker. O b) a college degree. Oc) a computer. O d) a new p...

A: There are different types of inputs , physical capital, human capital, labor and land.

Q: Discuss how knowledge of price elasticity of demand might be of practical use to a firm selling holi...

A:   Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...

Q: In an economy with high unemployment, the central bank has room to decrease the interest rate. Polic...

A: In an economy, when talking about interest rate, it is considered as the cost to a borrower who borr...

Q: 20. In a closed economy without investment and government spending, C = 1000 +.5YD, and taxes T=50, ...

A: Given : In a closed economy with no investment and government spending-  Consumption = 1000+0.5YD Ta...

Q: 1. Explain the Theory of Production in Microeconomics. 2. Differentiate labor-intensive and capital...

A: 1. In economics, a theory of production is an attempt to explain the principles by which a business ...

Q: Due to he learning effect it gets harder to produce each new product. Select one: O True O False

A: The learning effect describes the process by which education increases productivity and wages. In in...

Q: Now suppose that droughts in the Southeast and floods in the Midwest substan- tially reduce food pro...

A: The United States central banking system is called the Federal Reserve System (abbreviated as Fed or...

Q: Price $11.00

A: Trade is the exchange of goods and services between the buyer and seller at a mutually agreed price ...

Q: Mavi and Diesel both make basic blue jeans. The demand curves for the two firms are given by Qm=135...

A: Marginal cost is the ratio of change in total cost to the change in output. The marginal cost is the...

Q: An apartment in a building had a cost of 66,000 JD in 2010. The cost of the apartment was 99,750 JD ...

A: The consumer price index is the ratio of the price of good 1 to the price of good 2. It means as the...

Q: what mechanisms should be used to ensure the integrity of traders in the trading function

A: Trading Mechanism The logistics of trading assets are referred to as trading mechanisms.Intangible a...

Q: Question 9 In an OLG model with money: Each gen picks 12 banans when young, 4 bananas when old. Cent...

A: The unemployment rate is the number of unemployed people in the labor force. The unemployed people a...

Q: Question No, 3 An apartment in a building had a cost of 66,000 JD in 2010. The cost of the apartment...

A: Given information: Nominal cost of apartment in 2010: 66,000 JD Nominal cost of apartment in 2017: ...

Q: The relationship between international aid and economic growth for less-developed countries is O a) ...

A:

Q: In a small a small open economy, illustrate how a fiscal expansion (such as an increase in governmen...

A: Small open economy A small open economy is one that engages in international commerce but is small e...

Q: An example of physical capital is a) an educated worker. O b) fertile farmland. Oc) international tr...

A: Physical capital  is the stock of equipment and structures that are used to produce goods and servic...

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...

A: Economic time has special relevance in the determination of the price of goods or services. 

Q: Why is the more recently emerged security-industrial complex detrimental to achieving justice

A: The overcrowding of our nation's jails is one of the most challenging concerns facing our criminal j...

Q: Mc Donald and KFC are two companies that provide fried chicken in Mauritius and they are considered ...

A:   Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...

A: An economist's involvement in development involves assessing statistics such as GDP and consumer con...

Q: We could best describe the O a) loanable funds market as the market where only governments make loan...

A: The amount that is being charged by the lender on principal being borrowed by the borrower for using...

Q: Explain in a critical way the effects of supply and demand on seasonal agricultural products (strawb...

A: According to the principles of a market economy, supply and demand together determine the prices and...

Q: The economy of Morin is shown in the figure below. The Economy of Morin AD AS 170- 150- 130- 110- 90...

A: a. Potential GDP is denoted by the Long-run Average Cost. It is given that potential GDP (Y*) is $58...

Q: Give examples of preference relation that is monotone but not continuous and is representable by a u...

A: In Microeconomics and Consumer Behavior, monotonicity of any preference relation refers to the consi...

Q: What annuity is required over 10 years to equate with a future amount of P20,000? Assume i= 6% annua...

A:

Q: A new bridge project is being evaluated at i = 5%. Recommend an alternative based on the capitalized...

A:

Q: The largest inflationary gap appeared a) in the 1950s, during the great U.S. hyperinflation period. ...

A: Inflationary gap is the gap between the actual aggregate demand and exist aggregate demand.

Q: The role attitude plays in the trading function

A: In the mentioned question we have been asked about the role played by the attitude in the trading fu...

Q: The industrial revolution gave rise to capitalism and consumerism - True or False

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: 4) If the range of profitable demand for a company producing digital pumps was D'1 = 8.5 units and D...

A: The profit range of demand can be defined as the range of possible profitable outcomes for investors...

Q: 5. If a credit union pays 4.125% interest compounded quarterly, what is the effective rate of intere...

A: Given:  i (nominal annual rate)= 4.125% m= 4 Unknown: ie  

Q: Which of the following is one of the indicators of a rising balance of payments deficit? Multiple Ch...

A: Answer: A balance of payment deficit arises when a country imports more than its exports. The develo...

Q: What is the viewpoint of Ricardo regarding the Comparative Difference in Costs?

A: Answer: According to David Ricardo, comparative cost discrepancies, rather than absolute cost differ...

Q: .At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What is ...

A: We have given that  Present value P =100,000 Value after 15 years =P450,000 We have to find value at...