Q: 1. given the following game in extensive form:
A: Given, An Extensive Form game Two Players : Player 1 and Player 2Player 1 has two strategies : A…
Q: What tells you the profit a company makes on each item it sells? ROA EPS O ROS O ROE
A: Profit is the difference between the tital cost incurred in the production process and the tital…
Q: The demand and total cost functions for a monopoly firm are: Q(P) = 39.5 – 0.5P TC(Q) = 60 – Q + 0.5…
A:
Q: YCS MPC | MPS APC | APS S=MPC = MPS = APC =APS = 300 360 410 400 600 510 800 250 1050 0.32
A: Savings =Income(Y)-Consumption(C) Marginal propensity to consume - is the change in consumption…
Q: (i) Explain the difference between Gross Domestic Product (GDP) and Gross National Income. (ii)…
A: i)The entire amount of all the money earned by a nation's population and enterprises is known as…
Q: Continued from the previous 2 questions. Suppose the virus arrives in the U.S. in the spring. Henry…
A: Budget line refers to the graphical combination of all possible bundles of two goods that can be…
Q: Name and discuss the factors that shift the IS Curve. Give two examples, with the help of a diagram,…
A: The curve that depicts numerous combinations of the level of output and interest rate such that…
Q: Before the virus, the demand and supply for Good A is D1 and S1. If the income elasticity is .5, the…
A: According to the law of demand, buyers will demand less of an economic good at higher…
Q: Macy's was selling Calvin Klein jean shirts that were originally priced at $46.00 for $8.74 a. What…
A: A markdown is an amount by which one decrease the selling price.
Q: sing MS Word, Google Docs or any other application of your choice, create a handout in which you…
A: Entrepreneurial competencies are the key qualities a person who is an entrepreneur required to…
Q: Please provide correct answer in detail... Provide three reasons why it is important for…
A: Ethics can be maintained by implementing the process in a most simplified manner and when decisions…
Q: c) The production and prices of Sandals and Shoes in Sole Land in 2020 and 2021 are as follows:…
A: Ans. c) Nominal GDP is the value of the product of the current price and quantity of the goods…
Q: What is the relationship between supply and demand?
A: Demand refers to the consumer's willingness to pay for a good or service with given income. Supply…
Q: graphically explain the effects of an increase in non-labour income to labour supply.
A: Labor supply is an upward sloping curve because with the increase in wages, the supply of labor…
Q: Which of the following events would contribute to economies of scale? O Large supermarkets being…
A: Economies of scale refers to decrease in average cost as production increases.
Q: According to the Organisation for Economic Co-operation and Development (OECD) the United States has…
A: Introduction The US experienced worst repercussions and spent more on healthcare coverage than other…
Q: According to the Simple Deposit creation model if the Fed conducts an open market sale of $400…
A: Since you have posted multiple question, we will answer the first question for you. If you want any…
Q: 3. What strategies can small-scale producers adopt to compete with corporations that have very large…
A: Perfectly competitive market: In a perfectly competitive market there are many buyers and many…
Q: Explain how herd immunity of vaccinations creates a market inefficiency and how the government could…
A: When one person's activitie's outcome affects another person's wellbeing then it is called…
Q: Monopolistic competition is different from perfect competition in that monopolistically competitive…
A: Monopolistic competition is defined as a market structure in which they are large number of…
Q: explain the different challenges of the global cities
A: Global cities of present times are surrounded by many challenges in employment, education, etc.
Q: How does asymmetric information lead to a market failure?
A: "Asymmetric information" occurs when one party of a transaction has more information than the…
Q: Which two of the following are most likely to reflect a move towards a more equal distribution of…
A: Ans. 19. The Gini coefficient is a tool that measures the income and wealth inequality of different…
Q: Why does this mean? "the natural rate of unemployment" and also can elaborate more on why the…
A: The natural rate of unemployment is the rate of unemployment at which the rate of inflation is…
Q: Consider a competitive market with the following supply and demand curve QS = 100/8 P and P = 400…
A:
Q: 1. What relationship does the income expenditure model represent? Why is it used?
A: Pay and Expenditure Model. The pay consumption model of financial aspects was created by John…
Q: Explain in your words that how a nation improves productivity?
A: The comparison between the amount of goods and services produced and the quantity of inputs required…
Q: Define recession.
A: Recession is one of the phase of the business cycle.
Q: Question 7 (i) List and explain briefly the three reasons for holding money according to Keynesian…
A: (i) Three reason for holding money:- a) Transactional motive:- The demand for cash for financial…
Q: Problem no. 1 An air-conditioning repair department manager has compiled data on the primary reason…
A: The term "market" refers to the exchange of products and services between a buyer and a seller on a…
Q: The average car depreciates in value about 15% per year. Suppose you buy a silver Cherolet Cruze LTZ…
A: Given, The car value depreciates about 15% per year The depreciation rate(r) is 15% = 0.15 Now the…
Q: What are the benefit and disadvantages of A working capital loan ?
A:
Q: A) Ana decides every day how many hours to work and how much beef to consume. She spends all income…
A: Given information U=2t^0.5+Y W=1 t=24-h Y= consumption of beef Price of beef=4
Q: Consider a pure exchange economy, where both consumers have exactly the same preferences, described…
A: Given information Ua=X^a*Y^b Ub=X^a*Y^b both have same preferences. Share of both goods in utility…
Q: Show the effects of a fiscal expansion in an open economy with a flexible exchange rate. Show the…
A: When the government takes into use the budgetary instruments, for raising the money supply then this…
Q: Provide a brief explanation on how the South African economic growth had been performing since 2000.…
A: South Africa's political transformation is regarded as one of the century's most stunning political…
Q: You are the manager of a firm that produces products Xand Yat zero cost. You know that different…
A: There are three types of consumers with different willingness to pay for two goods X and Y. Each…
Q: Analyse the various policy measures that a government might have to undertake to deal with and…
A: A fiscal deficit occurs when government spending exceeds government receipts. An uncontrolled fiscal…
Q: Which of the following scenarios does not illustrate a long-run adjustment? BMW builds a new…
A: The long run is a time when firms can change fixed inputs like plants, also new firms can enter the…
Q: What are the principles that guide the government's antitrust policy? (Select all that apply) O A.…
A: Antitrust laws are made for preventing consumers from fraudulent business practices and ensuring…
Q: Question 1 There are three policy variables that the government and the Bank of Zambia control that…
A: The government adjusts taxation and government spending in order to manage the economy whereas the…
Q: 3. (Multiple Choice) If Ricardian Equivalence holds, what variable changes between the two…
A: Ricardian equivalence is an economic theory that claims that paying government spending with…
Q: Referring to the data below,choose all the statements that are correct. Profit Compared With Price…
A: Indirect price discrimination Indirect Price discrimination refers to the prices for the commodities…
Q: Use the World View to answer the questions. Be sure to spell the country correctly. WORLD VIEW…
A: The misery index is calculated by adding the inflation rate and an unemployment rate of the…
Q: n general equilibrium, when one of the firms producing goods is a monopolist, it charges price that…
A: The monopolist is the single seller in the market of goods to a large number of buyers which large…
Q: Which of the following statements are correct? A fall in the mortgage interest rate would shift up…
A: Equilibrium in the goods market occurs where quantity demanded equals quantity supplied.
Q: What is most likely to increase the total output of a firm in the short run? A a rise in the length…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: Discuss the fuel tax increase impact the public social welfare
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Figure 19-7 Wage 30 $2 27 24 21 18 15 12 DI 200 400 600 800 labor Refer to Figure 19-7. The figure…
A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…
Q: Suppose in Fiscalville there is a O percent tax on the first $10,000 of income, but there is a 20…
A: Given information:
Step by step
Solved in 3 steps
- Economics The marginal propensity to consume is 0.8, the marginal tax rate is 02. and the marginal propensity to import is 0.14. The price level is fixed. The autonomous tax muluplier is If the autonomous tax by the equilibrium real GDP by O A. decreases; 20, increases; 32 O B. increases; 12; increases: 30 O C. decreases; 20, increases; 60 OD. increases: 12; decreases, 30 O E. decreases; 30; decreases; 48 34ducer surplu... Practice midterm questions Review 10 9 8 7 PLEASE IGNORE Consider the supply and demand diagram corresponding with this question. Suppose that a per unit tax of $4 is placed on the good in question. At the new equilibrium, how much total tax revenue does the government collect? Price 6 5 SD3 Review 4 3 2 1 0 QEcon Mid-Sem... 1 12.0 2 3 4 Type your numeric answer and submit 5 diagram depicti... 6 7 8 9 D S 10 11 G supply a Confusing Quantity 12Identify whether each of the following taxes is progressive or regressive and indicate in each case where you think the tax incidence lies. d. The federal personal income tax is O proportional, and the incident is on the taxpayer. O average, and the incident is on the consumer. O progressive, and the incident is on the taxpayer. O regressive, and the incident is on the taxpayer. e. A 4 percent state general sales tax is O proportional, and the incident is on the consumer. O regressive, and the incident is on the consumer. O average, and the incident is on the consumer. O progressive, and the incident is on the taxpayer. f. A federal excise tax on automobile tires is O progressive, and the incident is on the taxpayer. O proportional, and the incident is on the consumer. O regressive, and the incident is on the consumer. O average, and the incident is on the consumer.
- S Suppose a tax is such that an individual with an income of $10,000 pays $1,500 of tax, a person with an income of $20,000 pays $2,500 of tax, a person with an income of $30,000 pays $3,000 of tax, and so forth. Instructions: Enter your answers rounded to 1 decimal place. a. What is each person's average tax rate? Income $ 10,000 20,000 30,000 Tax Paid. Average Tax Rate 15 % Regressive $1,500 2,500 3,000 8 b. Is this tax regressive, proportional, or progressive?Economics Below is a tax table. Assume I earn $150 a year. My tax bracket is my marginal tax rate is I pay in taxes. my average tax rate is ; and O to $100 is 10% $101 to $200 is 15% $201 to $300 is 20% O 10%; 15%; 13.5%; $17.50 O 15%; 15%; 11.7%; $17.50 O none of these O 15%; 15%; 12.5%; $13.50b. Ultimately, who pays the majority of the economic burden of the tax is dependent upon O the marginal tax rate. O the marginal principle. O the cost-benefit priniciple. O the relative supply and demand elasticities.
- Today the federal government collects nearly O $1 billion a year in tax revenues. O $500 billion a year in tax revenues. O $1 trillion a year in tax revenues. O $4 trillion a year in tax revenues.7 Derive multiplier for a change in the government purchase and the taxes. Why is the tax multiplier smaller than the government purchase multiplier?The percentage of an increase in income that is taxed is: O a regressive tax. O the marginal tax rate. O the average tax rate. O a flat tax.
- The formula for the tax multiplier is Select one: O + 1). a.-MPC/(MPC O b. MPC/ (1 + MPC). Oc1/(1- MPC). C.1 Od.-MPC / (1 - MPC).Assume that taxes depend on income and the MPC is 0.8 and tis 0.4. An increase in taxes of $10 billion will decrease equilibrium income by Select one: O a. $15.4 billion. O b. $25 billion. O c. $19.2 billion. O d. $27 billion.Suppose that the Philippine tax schedule given below is being implemented this year. (sorry, disregard the box) Tax Payment P 1,000 4,500 14,000 Annual Income P10,000 30,000 70,000 140,000 250,000 500,000 35,000 75,000 160,000
