If a labor union successfully restricts the supply of labor to firms, and if the union is not able to influence the demand for labor, then the wage rate and employment A. rises; decreases B. falls; might increase, decrease, or remain constant OC. falls; increases OD. rises; remains constant Next tact U

Q: 12

A: The income expenditure model shows the relationship between income and expenditure in an economy. It…

Q: Consider a homogeneous product industry comprising two firms, N = {1,2}, that compete by choosing…

A: There are two firms  - Firm 1 & 2  MC of firm 1: c1  = 3  MC of firm 2 : c2 = 2 In a Cournot…

Q: Theories should be judged based upon how   a.  consistently and accurately they predict.     b.…

A: Theories are formed to explain the economic phenomena, under which it is explained that why and how…

Q: R4

A: Capital Deepening is defined as an increase in the proportion of the stock in capital to the number…

Q: The table below shows the utility schedule for a consumer of candy bars Candy Bars Consumed Total…

A: The utility is the want satisfying power of a good.  Total utility is the aggregate amount of…

Q: P, R, C A B C 0 I G -The profit maximization condition is where -. The profit maximization quantity…

A: Disclaimer:- Since you asked multipart questions we are solving only the first 3 questions as per…

Q: The engineering department have appointed you on a task purchasing new forklift to transport sheet…

A: Given Information: Item Forklift A Forklift B First Cost , RM                     90,000…

Q: QUESTION 43 If the population of a country is 1,000,000 people, its labor force consists of 500,000,…

A: Since you have asked multiple questions, we will solve first question for you. In case you want any…

Q: O a. False

A: The equilibrium level of income and price level is  determined by the equality of Aggregate demand…

Q: What is the short run supply curve of a perfect competitive firm. Expalin using illustrations

A:

Q: Use the following graph for a monopolistically competitive firm to answer the next question. 22 5522…

A: Monopolistic competition is defined as the market structure in which there are several huge sellers,…

Q: Two gas stations, A and B, are locked in a price war. Each player has the option of raising its…

A:

Q: Merry Industries is considering a new piece of equipment for a project lasting 10 year with details…

A: The annual worth method or AW method implies that all the incomes along with disbursements, regular…

Q: competitive industry, with side-by-side graphs for the industry and a firm within that industry.…

A: Perfectly competitive market is a market where businesses offer an indistinguishable item and where…

Q: Assume the reserve requirement is 5% and the MPC = 0.6 for the economy when a stock market downturn…

A: Given:- Reserve requirement=5% MPC=0.6 Aggregate demand=$80 billion MPC here stands for marginal…

Q: 1. Which of the following is an example of govemment discretionary spending:  A) Social Security…

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

Q: hich of the following is likely to increase the supply of labour? a decrease in fringe benefits…

A: Increase in the labour supply leads to cheaper availability of labor in the market. It reduces the…

Q: Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. If the marginal…

A: Firm's one of the main objective is to maximise the profit. And producer equilibrium is the…

Q: When the following events happen, does the unemployment rate rise, fall, or stay the same? Briefly…

A: The unemployment rate is the proportion of employed people who are also unemployed in a given…

Q: Income per person exceeds $ 25,000 in many countries but it is below $ 1,000 per person in many…

A: Solow growth model:- The Solow Growth Model, an exogenous model of economic increase, examines…

Q: When inflation rises, people must pay a higher rate on their loans. This is called the effect and it…

A: The shift in borrowing and spending habits following an interest rate modification is known as the…

Q: In early 2020, the US labor-force was approximately 164.5M workers. By April 2020, the official…

A: The unemployment rate is the number of people who are currently unemployed. It is a reactive result,…

Q: Aggregate Supply and Aggregate Demand Real GDP Supplied Price $ 250 $ 500 $ 750 $1000 1500 3000 4500…

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

Q: The net balance of payments is Multiple Choice O O O the sum of the current account balance and the…

A: Balance of payment is the records of transaction with other countries. it consists two account…

Q: The price index in year 2 is 110 and the price index in year 3 is 115. The rate of inflation between…

A: A consumer price index is a price index, the price of a weighted average market basket of consumer…

Q: Let's say that consumer credit balances are low, leaving lots of money to spend --way more than in…

A: Consumer credit is a type of personal debt used to buy goods and services. One type of consumer…

Q: Explain liquidity preference theory of interest. Write its criticism.

A: The theory of liquidity preference was developed by world renowned economist, John Maynard Keynes.…

Q: Adrian pays #547197 cash and the balance in 33 quarterly payments of 29229 for a house and lot. If…

A: Step 1 - Information Cash payment  = 547197   Quarterly payment = 29229   Number of quarterly…

Q: An inverse relationship between the rate of interest and the level of: income is suggested by the…

A: Interest rate changes affects economic activities in the economy. The investment is affected by the…

Q: The distinguishing features of oligopoly are *** O A. a small number of interdependent firms with no…

A: Introduction Oligopoly has some special characteristics found which are not present in other market…

Q: G6

A: We know that The short run aggregate supply curve is upward sloping, indicating a direct…

Q: What is taxable ability and taxable qualification?

A: Introduction - According to the ability-to-pay taxation theory, taxes should be assessed in…

Q: Assume that one of your employees has recently tested positive for the AIDS virus. Although he is…

A: INTRODUCTION: AIDS VIRUS: Acquired immunodeficiency syndrome (AIDS) could be a chronic,…

Q: As the economy declines into recession, the collection of personal income tax revenues automatically…

A: A recession is a significant slowing or contraction of the economy. A recession typically results…

Q: E1 Suppose the Central Bank of Bothnia buys Treasury Bonds. What will be the impact on the price…

A: "Fiscal policy in economics is a policy which by utilizing tools such as taxes and government…

Q: The African Union has proposed the creation of a Continental Free Trade Area which will create a…

A: The African Continental Free Trade Region (AFCFTA) accord, which unites 1.3 billion people from 55…

Q: Multiplier Effect a. During a recessionary gap, is the goal to increase or decrease the equilibrium…

A:

Q: c. Assume, T&T decides to switch to a fixed exchange rate regime. Identify and explain two…

A: Under the fixed exchange rate regime, the central bank set the price of its currency relative to…

Q: .50 .30 .15 MR 2,000 2,700 3,000 AC Demand MC Quantity (GWh)

A: a monopoly is the sole producer of a good thus having maximum market power hence acts as a price…

Q: Use the diagram below to determine the price and quantity for a. a perfectly competitive,…

A: In the perfectly competitive, equilibrium is achieved where the P =MC. While on other side, in the…

Q: Streaming services like Hulu and Netflix sell ______ access to movies and TV shows. Group of answer…

A: Streaming services like Hulu and Netflix are online platform which provide access to movies and TV…

Q: E2   P Q Arc elasticity Point elasticity TR MR 7 100   14 700   6.5 200   13 1300 6 6 300   12…

A: Elasticity of demand measures the responsiveness of percentage change in quantity demanded due to…

Q: Find the nominal rate compounded monthly which is equivalent 14% compounded quarterly.

A: The compounded quarterly rate can be first converted to a yearly rate and then can be divided…

Q: what are three ways to harness foreign direct investment flowing into the extractive sector for the…

A: Foreign Direct Investment A foreign direct investment occurs when a business or investor from…

Q: Insulin Prices Price $3,700 $50 U.S.A 100 MR 300 Demand Price Quantity $600 MC=AC $50 300 Mexico MR…

A:

Q: Bertrand is a worker in Canada with a continuous income stream at the rate of 650e dollars per year.…

A: Given, Income stream rate = 650et

Q: Consider a monopolist facing Demand, Marginal Costs, and Marginal Revenue as illustrated in the…

A: Here, the given graph shows the sketch of a monopoly market where a monopolist is facing the given…

Q: What is multiple tax system? Write its merits and demerits

A: Taxes are defined as compulsory charges levied by the government on teh citizens.  These taxes…

Q: Monopolistic Competition | a. Graphically represent a monopolistically competitive firm, using the…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for you.…

Q: Explain the negative effects of high inflation

A: Please find the answer below.   INFLATION: Inflation is the rate of increase in prices over a given…