If GDP is 1800 and the money supply is 450, what is the velocity of money?  Show your work.

Q: Discuss economic, institutional-governmental and social environment variables of the…

A: The term "macro environment" refers to the more widespread conditions that can have an effect on a…

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A: The total quantity of copper mine production in a year is 10000 tons The expected increase in…

Q: A bank made a farmer a loan of $1,400 at 16% for three years compounded annually. Find the future…

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A: Inflation rate = 3.5%  Number of years

Q: he table below includes data for a one-year period required to calculate GDP from the income side…

A: Gross domestic product (GDP) refers to the summation of all market value of goods and services which…

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A: Marginal Benefit and Marginal Cost: Thinking at the margin is an important way of thinking in…

Q: What is the opportunity of increasing the production of cell phones from 20 to 50?

A:

Q: What does a circular-flow diagram do? ○ It illustrates cost-benefit analysis. ○ It explains how the…

A: The economic model with significant exchanges occurring between the economic units is referred to as…

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A: Disposable income is the income which is available for the expenditure with the income earner. The…

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A: “Production Possibility Curve is a curve which shows various combination of two goods that can be…

Q: 5. Use the graph below to answer the following questions. 70 60 50 40 30 20 10 0 D1 S1 100 200 300…

A: (a). The equilibrium price is that price at which quantity demanded is equal to quantity supplied.…

Q: The price of paint increased by 18 %. As a result the quantity of paint produced increases by 27 %.…

A: Give Increase in price = 18 % Change in supply of paint = 27 %

Q: tate-ownership of business firms does not exist in developed Western economies. true or false

A: Answer: State ownership of business firms means government owns the business. Though by definition…

Q: apples would Kevin have to consume before he considers purchasing another banana? A C E Number of…

A: Utility is refered to be as the satisfaction gained while consuming a good or service.

Q: What is the difference between production possibilities frontiers that are bowed out and those that…

A: The production possibility curve shows the different combinations of good X & good Y which an…

Q: Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or…

A: In this case, we have to find out the total cost curve for four forms of employment choices i.e.…

Q: Based on the production possibility curve represented below, calculate the opportunity cost of…

A: Opportunity cost is the benefit that is lost when a different option is chosen. You must balance the…

Q: Consider the market for coffee. For each of the following scenarios, what would happen to total…

A: Total revenue increments with an expansion in price level when demand is somewhat inelastic. This is…

Q: Which of the diagrams illustrates the effect of an increase in automobile worker wages on the market…

A: The concept behind this question is the input prices and cost of production.  When input prices…

Q: What is the demand curve? Why does it slope downward?

A: Demand is defined as the volume of a good or service that customers buy at different prices during a…

Q: Land 1 1 1 1 1 1 1 1 1 Labor 0 1 2 3 4 5 6 7 8 a. The average production of three workers is b. The…

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

Q: is the estimated annual profit for a mine producing 21,000 tons per year (which is at 100% capacity)…

A: Production of zinc mine in Tennessee (at 100% capacity) = 21,000 tons per year Price of zinc = $1.00…

Q: e. The price of inputs used to produce the good increases. f. It is widely publicized that…

A: (e). With the increase of the price of inputs of product, the supply of product decreases. As a…

Q: A man wishes to provide a fund for his retirement such that from his 60th to 70% birthdays he will…

A: The time value of money refers to the concept that a sum of money is worth more now than the same…

Q: The selling price for hamburgers is $5.99, and the daily price-response function is: d(p) = 590 -…

A: The price-response function, [i.e. d(p)] determines the demand for item of a single seller as a…

Q: 2. A present obligation of $20,000 is to be repaid in equal uniform annual amounts, each of which…

A: Present Obligation = 20,000 r = 10% n = 5

Q: Ari intends to purchase a new car and has narrowed it down to a Dodge Ram truck or a Toyota Camry. A…

A: Introduction  Marginal utility refers to the additional utility derived from the consumption of an…

Q: 6. Consider the following game 2 1 U 3 C M D X C, 2 3,5 5,1 Y 3,1 4,2 2,2 N 3,3 2,1 5,4 (a)…

A: Rationalizable methodologies is the arrangement of procedures for a player that stay after this…

Q: II. Determine the effect on equilibrium price and quantity sold if the following changes occur in a…

A: demand refers to the quantity of goods that a consumer wants to buy at a given price in a given…

Q: Salads Per Hour 125 100 75 50 25 0 1 I I 10 20 Pizzas Per Hour B 30 с D 35 3840

A: Opportunity cost Opportunity costs are the possible advantages that a person, investor, or company…

Q: Based on the utility maximizing rule, Is Angel maximizing their utility? OYes ONO ONot enough…

A: Utility maximisation level is the point where slope of Indifference curve is equal to the slope of…

Q: The number of orders for installation of a computer information system arriving at an agency per…

A: The cumulative distribution function is given as:  F(x) = P(X ≤ x)

Q: Which of the following items is included in GDP?       the sale of stocks and bonds   the sale of…

A: Items that are included in GDP are the one that are produced for final consumption in the specfiic…

Q: Cristina borrowed P50,000.00 from Social Security System in the form of calamity loan, with interest…

A: The application of economic principles and calculations to engineering projects is known as…

Q: Q.17. Which items are not included in M1 measure of Money Supply? A. Currency with public B. Coins…

A: M1 measure is one of the measurement of Money supply. M1 measure is also called as narrow money.

Q: What distinguishes national income, GNP, and NNP

A: The total factor incomes earned and received inside the domestic economy's territory make up the…

Q: The first era in marketing was a focus on producing as much as possible because of high demand. This…

A: As per Keith, showcasing developed into its present-day noticeable quality inside firms during four…

Q: It is a hot day and Bert is thirsty. Here is the value he places on a bottle of water: Bottle of…

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

Q: Which of these economic variables is procyclical? O investment spending O unemployment O the credit…

A: Procyclical Variables: In economics, the variable that moves with the GDP or moves in the same…

Q: b. 56 80 At that price what would be the shortage? O A. 20 units OB. 40 units O C. 50 units O D. 60…

A: Equilibrium is achieved at the output level where quantity supplied equals quantity demanded.

Q: Q.22. What do you mean by Money Supply and explain its components? explain elaborately?

A: Money is the main & most important ‘medium of exchange’ in an economy. Through these medium…

Q: QUESTION ONE Using the loanable funds theory, illustrate the effect of the following changes on the…

A: Answer: Introduction: Savings are also called loanable funds. The government and firms create demand…

Q: Marginal cost is $26, and Average total cost is $33 when 20 units are produced. What will happen to…

A: Introduction Total cost includes all the implicit and explicit expenditures that are made during the…

Q: What is a marketing information system (MIS)? What types of information does it include?

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A: The degree to which demand responds to a change in an economic factor is referred to as demand…

Q: Fred gathered data on the price and quantity demanded of chocolate over the course of a week.  He…

A: A decent elasticity of demandt is a proportion of how delicate the amount requested is to its cost.…

Q: 4. Which point represents underutilization? * A B OE O A&B O A, B,D,& F O C O A&D E Good X

A: A graph showing the possible manufacturing combinations of two items is known as a production…

Q: The blue line in the graph below is an example of.... X₂ x₁(P₁) x₁(P₁") x₁(P₁') A Demand Curve An…

A: According to the question, it is given that : An image is given with many curves in different…

Q: With the use of a diagram, explain when a monopoly corporation maximises its profit

A: Competition: When a market has many firms, there will typically be competition between them. The…