Q: 4. Which of the following is the correct interpretation of the multicollinearity test? a. Since vif…
A: Answer :- Option (c) is correct :- c. Since yif>10, the null hypothesis of no multicollinearity…
Q: Which of the following determines the firm's demand curve for labor? a.The size of the labor force…
A: At the point when the marginal revenue result of work is diagramed, it addresses the association's…
Q: Incumbent Accommodate 5,5 FIGURE 15.1 Entry Game In Fight Entrant -5.-5 Out 0, 10 Use Figure 15-1…
A: We have given the following game tree in which the first player is the entrant and the second player…
Q: Suppose that in Australia the price elasticity of steel demand of -1.5 and the price elasticity of…
A: "Price elasticity of demand measures the responsiveness of quantity demanded of a commodity with…
Q: B. Population is less than resources and technology C. Population matches natural resources and…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: a.Examine the ways in which a business might use information about the different elasticities of…
A: "Since you have asked multiple questions ,we will solve first question for you.If you want specific…
Q: What type of relationship - positive or negative - is captured in the following sentence? "As…
A: The direction of relationship between two economic variables can be identified either as positive…
Q: do an Internet search of the famous words "irrational exuberance" and read a few articles. Post…
A: ans
Q: Explain, using the Keynesian approach to measuring aggregate demand, the economic impact that a…
A: The Keynesian approach to estimating aggregate demand is based on the notion that total spending is…
Q: Who introduced utility
A: Utility is characterised as the whole satisfaction a customer experiences when utilising a good or…
Q: The capital cost of a certain project is $189,000 and the annual expenses are $22,000. If the study…
A: Given The capital cost of a project is $189000 Annual expenses (A)=$22,000 Study period =15 years…
Q: persoanility type: https://www.16personalities.com/esfp-strengths-and-weaknesses 1. identify which…
A: Entrepreneur indicates an individual who actually invent his or her business by using his or her…
Q: Thandi has R700 to spend on hamburgers and transport. A humburger costs R35 while a car trip is R25.…
A: The budget line implies the combination of two goods that consumers can buy at the given income and…
Q: If the balance of trade are stated as 750 and the imports of goods are 650 find the export o
A: Balance of trade is the difference between the country's export and country's import. i.e., Balance…
Q: S 2
A: Production function exhibits the relationship between the inputs and the output. Profit is the…
Q: Draw an AD-AS graph plus the bond and forex markets. (You do not need the money market for this…
A: Aggregate Demand refers to the total of all demands of goods and services of an economy. It is used…
Q: . Four mutually exclusive alternatives are available for purchasing a piece of construction…
A: Present worth is a proportionality strategy for analysis wherein a task's incomes are limited to a…
Q: The table below shows the payoffs for two firms competing on price (a Bertrand duopoly). Firm A and…
A: Nash Equilibrium outcome is the best strategy where both players can achieve maximum benefit through…
Q: What is the difference between commodity money and fiat money? Is there a scenario you can think of…
A: Money is used for exchange purposes. Money is also used as unit of account and store of value.
Q: dollars. C'(x)=15+ 500 X + 1 If the fixed costs are $4,000 per week, find the cost function. What is…
A:
Q: Increasingly, instead of advertising in newspapers, individuals and firms use websites that offer…
A: a print promotion can arrive at many clients and customers, while online publicists frequently…
Q: demand (D), marginal revenue (MR), and marginal cost (MC) curves for the monopoly firm. e the black…
A: A monopoly is a firm who is the sole seller of its product, and where there are no nearby…
Q: 5. The stability advantage Suppose the United States is experiencing a financial crisis, leading…
A: Here, it is given that people loose their confidence from dollar and euro is considered as a safe…
Q: High (x) 36 28 94 83 69 62 66 56 41 30 29 58 46 43 70 88 80 55 88 Low (y) 2011902280 0 22 22 74 1 55…
A: High Low 36 22 28 22 94 74 83 71 69 55 62 45 66 45 56 41 41 33 30 21 29 18…
Q: Consider the continuous-time Solow growth model as discussed in the lecture. The economy is on its…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: Advancing technology and falling trade barriers have created more international business…
A: Advancing technology and falling trade barriers have created more international business…
Q: 3. You just inherited P1,000,000. While you plan to squander some of it away, how much should you…
A:
Q: Female workers tend to earn a lower wage compared to their male counterparts when performing the…
A: Female workers tend to earn a lower wage compared to their male counterparts when performing the…
Q: Process mapping is a tool that reduces processes to their component parts or activities and helps…
A: Process mapping is the graphical representation with illustrative descriptions of how things get…
Q: What is the total lifetime cost of the system given the following information? The initial cost of…
A: Present Value refers to the value of a certain alternative discounted using prevailing interest…
Q: A local nursery, Greens, uses 1,780 bags of plant food annually. Greens works 52 weeks per year. It…
A: Please find the answer below. ECONOMIC ORDER QUANTITY (EOQ): Economic order quantity (EOQ) is the…
Q: The Which of these represents an example of citizens who would not typically be counted as…
A: Answer :- Option (D) - All of the above
Q: G5
A: We know that The banks are considered to be one of the most important entities in the financial…
Q: Receive with the help of indifference curves and the budget outline the optimal consumption plan.…
A: Individual demand: It refers to the demand of an individual or a household. This demand occurs when…
Q: I need help with explanation
A: We know that The monopolist determines the profit-maximizing output at the point where the marginal…
Q: An advantage of tradable permits over emission taxes is that no knowledge of marginal abatement…
A: Option A is correct answer ( no knowledge of marginal abatement costs is needed to ensure that the…
Q: Reason for an emergence of monopoly
A: A market arrangement known as a monopoly has just one vendor who has complete market control.…
Q: Approximately, what is the value of (P) if F=114260, n=15 years, and i= 14% per year? O a. 13286 O…
A: Meaning of Present Value: Here, the term present value is the present amount of funds/money in the…
Q: The basic goal of identifying a product market is for antitrust agencies to determine the products…
A: At the marketplace, antitrust agencies are the one who supervises the market condition in terms of…
Q: please make your understanding to explain the difference between long run equilibrium in perfect…
A: Meaning of Perfect Competition: The term perfect competition refers to the market under which…
Q: A perfectly competitive firm's total cost and marginal cost functions are: TC = 40 +0.1 Q² -0.2Q and…
A: In the perfectly competitive market, firm produces where the P =MC.
Q: Y = K (LE) ¹-α. e economy has a capital share of 1/3, a saving rate of 20 percent, a depreciation…
A:
Q: 1. The data in the following table represents budget figures for the nation of Harmonia for 2016.…
A: given Federal government expenditure…
Q: Please show your answer step by step with reasons. (i) A consumer has income of £3,000. Apple juice…
A: In economics, a spending plan limitation addresses every one of the mixes of labor and products that…
Q: Post your findings on the differences between short-run and long-run aggregate demand and between…
A: Short and long run aggregate demand are downward sloping. Short run aggregate supply is downward…
Q: Economics The demand for product Q is given by Q = 100 -.25P and the total cost of Q by: 1…
A: The objective of any firm is to maximize the profit. Profit is the difference between total revenue…
Q: A county will invest $4,100,000 to clean up a chemical spill that occurred following a natural…
A: Benefit-Cost Analysis (BCA) — likewise called CBA or cost-benefit analysis beyond North America — is…
Q: What is infrastructure
A: Economics is characterised as a social science that investigates the issue of product scarcity and…
Q: Making use of demand and supply diagrams, illustrate the likely effect on equilibrium price and…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: The Yorkshire Cricket Company makes cricket bats out of lumber supplied to it by Acme Sporting…
A: It is the ability of a business or company to earn maximum profit with low cost which is considered…
If Goods A & B are complements, and increase in the
Step by step
Solved in 2 steps
- suppose the price of an item icreases by 10% that the quanity supplied of that same item decreases by 2%. what does the value tell you about the good in question?Raj consumes only cheese and crackers.a. Could cheese and crackers both be inferior goodsfor Raj? Explain.b. Suppose that cheese is a normal good for Rajwhile crackers are an inferior good. If the price ofcheese falls, what happens to Raj’s consumptionof crackers? What happens to his consumption ofcheese? ExplainWill an increase in a price of a good increase the expenditure on that good? Why?
- If goods A and B are substitutes, an increase in the price of good B O increase the demand for good B and decrease the demand for good A. O increase the demand for good A. O decrease the demand for good A. O decrease the demand for good B and increase the demand for good A.For most goods if a consumer's income increases his demand for the goods will do what?How is equilibrium determined in goods market?
- 3 S i a 9 ormation X During an exam week, students flock to the stores to buy more espresso. As a result, the Q (Supply/Demand) in espresso would A/ (left/right) and the increase to the equilibrium price (P*) of espresso would A (increase/decrease). The equilibrium quantity (Q") of espresso would (increase/decrease)The law of demand states that as product’s price increases, its quantity demanded decreases, assuming other factors remain constant or ‘ceteris paribus’. Why is it necessary to assume that other factors remain constant?If a decrease in the price of laptops causes thedemand for cell phones to increase, are laptops andcell phones substitutes or complements?