If a firm in a perfectly competitive market triples the quantity of output sold, then total profit will more than triple.   less than triple.   we need more information. exactly triple.

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A: Though it gives the sense of a flow through time, the money supply is a stock at a certain point in…

Q: Deposit insurance is a guarantee by the CDIC to pay deposits off in full on the first they have…

A: Deposit insurance is a guarantee by the CDIC to pay deposits off in full on the first $100,000 they…

Q: Imagine that the markup practiced by firms in an economy is 5% The degree of the protection of…

A: Wage setting Relation : W = Pe F(u , z ) where , F(u , z ) = 1 + au + z       (a = d(W)/du   , slope…

Q: A challenger runs against an incumbent in a political party nomination. Each candidate can choose to…

A: Given,  Two Players : Challenger (C) and Incumbent (I). Two Strategies : Follow and DeviateThe…

Q: Keynesian business cycle theory suggests that government intervention in markets may create…

A: The theory that depicts the decline and growth of a nation of an economy that is being measured…

Q: Question 15 Prime interest rate refers to the lowest rate charged by bank to their most important…

A: In the loanable funds market or a banking sector, there are different forms of interest rates are…

Q: 1. When Linda's dress factory hires two workers, the total product is 50 dresses. When she hires…

A: The marginal product is characterized as the additional product that outcomes from adding one unit…

Q: After easing the Covid-19 restrictions. Has the UK economy been experiencing more of a demand-pull…

A: The world has been rising in recent years. This is due to a surge in aggregate demand as the global…

Q: Consider an economy with the following situation: C = 50 +0.8 YdI =100;T = 100 G =150 a. Solve for…

A: Aggregate expenditure is the sum of consumption, investment and government purchases.  AE = C + I +…

Q: Construct the following graphs for the US economy using the data from FRED, BEA, and BLS websites.…

A: The total monetary or market value of all finished goods and services produced within a country's…

Q: MT QUIZ 3 A tariff on foreign cars imported into the Philippines will: 1. Benefit consumers 2.…

A: Trade restrictions are imposed by various countries to protect the domestic industries and to…

Q: Please see below. True or false questions. I need help with both.  All forms of money that go into…

A: Banking is defined as that business activity which refers to accepting and safeguarding the money…

Q: Compare the onshore private banking with offshore private banking

A: An offshore banking institution is one that is based in a jurisdiction other than that of its…

Q: critically discuss implications with the monetary policy

A: The policy that controls the availability of money in the economy and channels through which new…

Q: Differentiate among the basic measures of urbanization.

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: 2. The next graph illustrates a market. Choose and circle one type of externality from the potential…

A: When there is a presence of positive externality, the production of the good generates external…

Q: The only two barbers in a small town agree to raise the prices for children’s haircuts. This is an…

A: When there are small number of firms in the industry, the firms can act together and set market…

Q: Q1. Aling Azon bought 3 sets of air conditioning unit for her three bedrooms. She agreed to pay…

A: Given: Down payment=Php 5000 Monthly Installments=Php 3000

Q: Consider the private hire market such as Uber and Lyft. Assume that the price elasticity of demand…

A: 3)i) There exists an inverse relationship between private hire rides and public transport trips.…

Q: What aspects & principles characteristic of non-market systems are important in our market economy?

A: A non-market system is an administered price system in which the prices of properties are set by an…

Q: Use the figure below to answer the following question. Price Pa Pt Qa Quantity If a price floor in…

A: Price floor is set above the equilibrium where quantity supplied exceeds quantity demanded. So it…

Q: 2. Consider the following Ramsey pricing Lagrangian exercise. max (B1(91) + B2(q2) – C191 – c292 – F…

A: Given information Max[B1(q1)+B2(q2)-C1q1-C2q2-F+λ{P1(q1)q1+P2(q2)q2-C1q1-C2q2-FB1(q1)= area under…

Q: How can extensive government intervention influence health economics

A: Health economics is the study of economics that deals with concerns of the supply of health care in…

Q: A debt instrument sold by a bank to its depositors that pays annual interest of a given amount and…

A: A debt instrument is a holder's asset with a fixed payment of interest and principal at maturity.…

Q: 2. A sum of $1,000 is deposited at time "0" at an interest rate of 52%, compounded quarterly. What…

A: Given:P=$1000i=512%=5.5%n=4 (number of times compunded in a year)t=5 (number of years)

Q: 8) Suppose that Zt = (1.01)'zo and x = (1.05)'xo. Let y be given by y = (z/x). Assume that the…

A: Growth Rate refers to the change in growth of the value of a good, commodity or the GDP of a…

Q: If Brexit measures and Covid-19 restrictions result in a recession then how can the UK government…

A: * ANSWER :-  From the given information the answer is provided as

Q: What is deadweight loss? How is it illustrated on a demand and supply diagram? GIve an example of…

A: Answer: Deadweight loss: deadweight loss occurs due to market inefficiency. When the market is not…

Q: If there is a decrease in inflation what happens to aggregate supply. Aggregate demand would shift…

A: An decrease in the average price level of an economy is termed as deflation or decrease in…

Q: County 2 Left -10, -10 -100, -100 Right -100, -100 -8, -8 Left County 1 Right The numbers in each…

A:

Q: For each of the following events, choose whether the unemployment rate increases, decreases, stays…

A: (a). The correct option is the unemployment rate stays the same. This is because individuals that…

Q: 10. Student A in our class ECON 2210 tried to estimate the average marks of the midterm held in…

A: A sample is a subset of a bigger group that is smaller and simpler to handle.It's a subset of a…

Q: Question 13 If the U.S. dollar appreciates, then U.S. exports O a) increase and U.S. imports…

A: Exchange rate basically refers to the rate of exchange at which the currency of one nation can be…

Q: What are the potential issues with fiscal policy?

A: The use of govt spending and taxation policies to impact economic circumstances, particularly…

Q: Suppose equilibrium GDP is less than full-employment output and the economy is in a recession. What…

A: If the economy is in a slump and equilibrium GDP is below full employment, the government's goal…

Q: Determine the point elasticity n of the demand equation 329- 5000 + 2000 when p 50 On= 0.002; demand…

A: According to the question, demand function given that   3p2q = 5000 + 2000 p2 and,  p = 50

Q: If a profit-maximizing monopolist is currently charging a price on the inelastic portion of its…

A: Monopoly is a single seller in the market selling unique good.

Q: Use the chain rule to find dy/dx for th following : y= (7x^2-5)^9

A: If we have chain then have to differentiate twice. For eg: If y = (ax)n so here first we…

Q: The economy of Canada experienced a recession in 2020. How can the AS-AD model account for this…

A: A recession is the economic downturn period where overall economic activity falls. In the case of a…

Q: Is Bitcoin legal tender anywhere in the world? Explain and cite your source?

A: Concept The digital money is a peer-to-peer system. Bitcoin first appeared in 2009, introduced the…

Q: Consumers will be affected if the government imposes a tax on apples because Group of answer choices…

A: In this question we talk about consumers hence, the answer should involve consumers loss only. We…

Q: Economists who support a hands - off approach believe that a cause of business cycles is O A.…

A: The cyclical movement of an economy as it swings from growth to recession and again is known as an…

Q: Determine the multifactor productivity for the combined input of the labor and the machine time…

A: Multifactor productivity is the ratio of output and combined costs of inputs and it determines the…

Q: Discuss two (2) cases of price elasticity of demand. Use diagrams to motivate  your answer

A: Price elasticity of demand Elastic demand is a term used to describe a situation in which demand…

Q: 6

A: In an economy, statutory burden refers to the tax that actually paid by the market participant, and…

Q: Consider an economy with the following situation: C = 50 +0.8 Yd  I=100;T= 100 G =150   a. To…

A: Aggregate expenditure is the sum of consumption, investment and government purchases.  AE = C + I +…

Q: Lead time usage refers to the length of period it takes to order and receive goods and also called…

A: In the mentioned question we have been asked what is lead time.

Q: Given the data below: Total adult population over the age of 16 249.9 million Employed 148.3…

A: Labor force is the sum of those who are either working or looking for work.  The formula for labor…

Q: Decision D6, which has three possible choices (X, Y, or Z), must be made in year 3 of a 6-year study…

A: We are going to use expectation hypothesis to calculate Present Wroth for each project to answer…

Q: Mr. Cruz invested P 20,000 for 1 year at 12% compounded monthly. At the end of 1 year, he reinvested…

A: P = 20,000 r = 12% = 0.12 t = 1 year n = 12 Compounded monthly = P(1+r/n)nt…