If a tax is levied on the buyers of a product, the tax burden will fall entirely on the buyers. A.) False B.) True

Q: The demand function for SkanDisc 2GB thumb drives is given by p- 4(x + 3) ea where p is the wholesal...

A: We have  p=4x+3e-x/3         .... (1)   Where p is the price in dollars, x is the quantity demanded ...

Q: Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's college education 18 years...

A: Given data,  FV = 120000 PV = 30000 n = 18 year. 

Q: If BC2 is the relevant budget constraint, then the consumer will purchase bundle

A: Budget constraint represents all the combination of goods which the consumer can purchase with his g...

Q: 3. James borrowed Zae's truck to drive up to Two Sustah's for a fish plate. When he pulled up in fro...

A: Risk is basically defined as the probability that the actual profits from a result or investment wil...

Q: What is called state enterprise and why it is important for the consumers/what are its merits?

A:

Q: The following is information for a perfectly price discriminating monopolist. Demand: P = 87 - 0.021...

A: Equilibrium quantity can be determined when; Price(P) = Marginal cost(MC)

Q: Explain what the theory of money is in words and mathematical expressions, and then relate this prop...

A: The quantity theory of money holds that price changes are related to changes in the money supply. It...

Q: A bicycle tire company performed a web-based study of a popular tire retail price over time. The stu...

A: it is given that, the retail price is increased from $16 per tire to $19 per tire. the time period i...

Q: Suppose the own-price elasticity of demand for beef is -0.8 and the own-price elasticity of supply o...

A:

Q: D1. LR Agg S P. P, Agg a, ON We can say that O In the long run, P and Q will re O In the long run, Q...

A: Aggregate supply is the total amount of goods and services that firms are willing to sell at a given...

Q: On the following graph, use the black line (cross symbol) to indicate the domestic price of aluminum...

A: Given: The tariff imposed on aluminium=$100 per tonne

Q: Who currently favors Milton Friedman’s theories currently?

A: Answer -

Q: In an open economy, a permanent beneficil suppy shock (s < 0) implies that the domestic real exchang...

A: A supply shock is an unexpected event that shifts the SRAS and could be one of two types: 1). Positi...

Q: A city is planning to renovate their current facility with hi-tech computerized systems. Four plans ...

A: A benefit-cost ratio (BCR) is a pointer showing the connection between the relative costs and benefi...

Q: Assume that the banking system has total reserves of $200 billion. Additionally, assume that the Fed...

A: Total reserve = $200 billion Required reserve = 25%  

Q: If a country (say the UK) has 900 units of labour available, can produce two goods (cars and PCs) an...

A: Opportunity cost is defined as the foregone benefit that would have been derived from an option not ...

Q: Consider a utility function of two goods x and y: U (x,y) = A (ax +by') where A >0, a>0, b>0, r € (-...

A: b) Slope of indifference curve= (-) MUx/MUy MUx= Ar(axr+byr)1r-1(arxr-1) MUy= dU/dY= Ar(axr+byr)1r-1...

Q: Consider the five investment alternatives described below. Which alternatives can be eliminated from...

A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...

Q: (11) Assume two firms with the same constant average and marginal cost, AC= MC = 5, facing the marke...

A: In stackleberg duopoly one firm acts as a leader which is followed by other firms so as to maximize ...

Q: 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide emissi...

A: Answer: The policy options that can correct negative externalities are given as: (1). Corrective tax...

Q: Pork belly strips and lettuce are complementary goods because most of the time they are enjoyed toge...

A: Here, it is given that lettuce and Pork belly strips are complementary goods in consumption.

Q: Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The dail...

A: Given:- MC of producing can=$1.2 MC=ATC After cartel formation, output will be divided equally May d...

Q: MCo (based on Eo) $ MC1 (based on E:) D = MB Хо X1 Personal environmental quality (X) Refer to the f...

A: The highest price at or below which a buyer will purchase one unit of a good is known as willingness...

Q: Question 45 challenged." "According to the idea of O Inoculation; strongly O inoculation; mildly it ...

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Q: Some years ago, a new brand of toothpaste was introduced in the United States. According to its adve...

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Q: All of the following statements are correct except A. economic growth is the expansion of production...

A: The answer is as follow

Q: 6. The market for fertilizer is perfectly competitive. Firms in the market are producing output but ...

A: Quantity delivered refers to the number of things or services that a supplier will make and sell at ...

Q: You are a financial adviser to a U.S. corporation that expects to receive a payment of 60 million Ja...

A: a)  If exchange rate unchanged them remains expected recieved dollar will be:-

Q: Suppose the competitive tablet market is in long-run equilibrium. If at this equilibrium, the typica...

A: Average total cost = Total cost / Quantity of output  

Q: If exports is 100, imports is 80, and budget balance is positive 200, and investment is 300; calcula...

A: Given:  Exports = $100, Imports = $80 Budget Balance = 200 Investment = 300

Q: Assume that Lucky Bank is required to hold a 10% deposits as reserves, and there is a $3000 increase...

A: PLEASE FIND THE ANSWER BELOW.

Q: Consider the five investment alternatives described below. Which alternatives can be eliminated from...

A: Given that; There are 5 alternatives  MARR = 10% life =5 Years The incremental internal rate of retu...

Q: Suppose that the most popular car dealer in your area sells 12.50 percent of all vehicles. Instructi...

A: In a market, Herfindahl-Hirschman Index (HHI) is used as the measurement of market concentration to ...

Q: 3. The effect of negative externalities on the optimal quantityof consumption Consider the market fo...

A: Answer: Given, External cost per unit = $385 per ton Now, Social cost = Private cost + External cost...

Q: Suppose the price of the good is equal to 90/unit. Using the demand and supply schedules in letter b...

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Q: The cash flows for three mutually exclusive alternatives are given in table below. MARR = 4%. Alt. A...

A: The IRR technique is used to calculate the rate of return that is hidden in the cashflows of an inve...

Q: Q3. Consider the following two-stage game: Stage 1: Player 1 moves first to choose either L or R. St...

A: Given game

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Q: Suppose that the installation of Low-Loss thermal windows is expected to save $450 per year on your ...

A:   As it is given save =$450

Q: (1) For demand function Q, = a-bP and supply function Q, = dP-c, using Cramer's rule determine equil...

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A: GDP is the market value of final goods and services produced by an economy during a given period of ...

Q: Consider whether the promises and threats made toward each other by duopolists and oligopolists are ...

A: Given that to imagine two firms play the game in sequence and each of them claim that if both it and...

Q: following situations may give rise to moral hazard: [Select all the correct options below.] O. The w...

A: [1] If the pay of buyers is not known to monopolists then it will be hazardous as it will underestim...

Q: What is the importance of stages of production?

A: There are 3 stages to the production process which are as follows: 1. "Output increases at an increa...

Q: tc(q)=4800+5q** find the ATC ATC=TC/q

A: TC= TFC+TVC where fixed cost is independent of output produced whereas variable cost varies with the...

Q: In the short term, a firm cannot vary its capital and operates with K = 9.  It can, however, vary th...

A: By differentiating the production function with respect to labor, we get the marginal product of lab...

Q: supposed to utilities, peoples electric and municipal Energy, each produce 100 tons of pollution per...

A: In economics, utility refers to the complete pleasure derived from the use of an item or service. Co...

Q: Assume you are selling pizzas at $3 per pizza Your fixed costs (rent, salaries, and utilities) are $...

A: At Break Even Point, total revenue is equal to total cost. A firm neither earns profit nor incur los...

Q: Question: i) Explain briefly what is demand? ii) What are the types of demand?

A: