If the hourly wage is $6, this business should hire workers; and if hourly wage is $31, this business should hire workers. Table 18.2 Workers Total Revenue per Hour 1 $30 $50 3 $65 4 $75 5 $80

Q: Consider a competitive industry. Every firm in this industry has a total cost function C (y) = y² +…

A: C(y) = y2 + 1 MC = 2y and, D(p) = 36 - 2y TR = p x y       = (36 - 2y)y       = 36y - 2y2 MR = 36 -…

Q: Identify the four phases of U.S. governmentregulation of business. What is the newestfrontier?

A: Regulations are frequently promulgated without respect for the unforeseen repercussions,…

Q: 12 Demand: Supply: P = 20 P = 2 + 0.5 Q 4 Q Price floor 8

A: Market equilibrium set the the price when demand and supply are equal . The process of determining…

Q: Welfare after the Tariff is? OA+B+C+ G +E O B+E+D OC+G+E OA+B+C+E

A: "Welfare represents the overall well-being of the society."

Q: Solve correctly all the subparts Q)A firm has the following total revenue and total cost schedules:…

A: Profit is the difference between total revenue and total cost.

Q: Marginal Cost to Eliminate (Dollars) First Unit Second Unit Third Unit Fourth Unit Firm A 54 67 82…

A: The upper table show the marginal cost(MC) for each of four firm (A,B,C and D) to eliminate units of…

Q: In absolute terms, developing countries have made more progress in reducing infant mortality over…

A: Infant mortality rate refers to the economic rate of the death of babies before the age of 1 year.

Q: Consider a two-period human capital investment framework. Suppose that the link between the amount…

A: *Hi there as you have posted multiple questions , following our guidelines we can only solve the…

Q: Many countries have constitutional requirements that their budgets be in balance (or in surplus) in…

A: A budget is a yearly monetary arrangement. The arrangement portrays how income will be created and…

Q: Good Y O X and Y are complements X and Y are substitutes Not enought information to determine if X…

A: Complements are goods that are consumed together. Substitutes are goods where you can consume one in…

Q: Describe the First Welfare Theorem.

A: NOTE: .We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Consider a competitive industry. Every firm in this industry has a total cost function C (y) = y² +…

A: A perfectly competitive firm produces at P =MC =AC in long run.  C = y2 + 1 Differentiate C w.r.t y…

Q: Note: Plot your points in the order in which you would like them connected. Line segments will…

A: Following formula has been used to complete the table Marginal cost = (change in total cost / change…

Q: A machine having a first cost of P60,000.00 will be retired at the end of 8 years. Depreciation cost…

A: Depreciation is a term used in economics to describe how much value an asset loses as a consequence…

Q: Good X (250x soY (150X, 150Y) (100x, 100Y) 50x, 250Y) IC2 Income= $2000, P=$10, P,=$10 Treomon$2000,…

A: Indifference curve: - it is the graphical representation of different combinations of two goods that…

Q: b. An increase in both demand and supply. c. A decrease in supply only. d. A decrease in both demand…

A: The equilibrium price is the only price where the plans of consumers and the plans of producers…

Q: 15 10 suppty demand ey with ta How much revenue will the government gain if they put a $6 tax on…

A: Revenue gains generated by the government = Tax ×Quantity Now, the demand curve is in red line and…

Q: A firm's marginal resource cost curve is O horizontal only if the firm is a price taker in the…

A: The marginal resource cost curve is used to explain the addition cost incurred in employing one more…

Q: The following are extracts from the national income account of a country. COMPOSITION Compensation…

A: 1.

Q: Discuss the validity of the following statement "Given the clear predictions provided by economic…

A: An emperical work refers to the collection of data using evidence to understand the pattern of…

Q: (a) You are given the following information. Consumption (C) = 400 + 0.8Yd Government Expenditure…

A: (i) Consumption function: C = 400 + 0.8Yd Relationship between Yd, C and S Yd = C + S => Yd =…

Q: One difference between the Great Recession and the Great Depression is that a) there was significant…

A: The situation which depicts a downward trend in the business cycle that is being depicted by a…

Q: Sharing the Surplus A farmer works on a plot of land owned by a landlord. The figure below…

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

Q: How will the Russian-Ukraine war affect European union ? and what actions should be taken by…

A: On February 24, 2022, Russia attacked Ukraine. The invasion, which is widely regarded as an act of…

Q: Comparing Private and Socially Optimal Outcomes with Externalities in a Table: Interactive Practice…

A: Negative externalities means the effect of economic activities on other person's wellbeing…

Q: Suppose the value of a price index is 50 in 2015 and 60 in 2016. What is the rate of inflation from…

A: The rate of inflation can be calculated by dividing the difference between current inflation and…

Q: Suppose jane Purchases a $600000 BMW that was produced in Germany. Which of the following describes…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: 4. In this case, what actions must the Central Bank take to maintain this fixed exchange rate?…

A: 4. Exchange rate: - the exchange rate is the rate at which the currency of one country can be…

Q: what are some other things that the Coke employees who sold the secret recipe to Pepsi should have…

A: Economist always make decisions under rationality. Because rationality gives them better choice and…

Q: B) In a closed economy, the functions for consumption, investment, government expenditure and…

A: Given; Consumption function; C=500+0.75YdInvestment function; I=800Government expenditure;…

Q: Consider the following data for country A: Population (millions) Real GDP ($ billions) Country A 11…

A: GDP is the value of final goods and services produced in the economy within a given period of time

Q: Discuss extensively and with examples the economist perspective on economic cooperation, economic…

A: (A) Economic cooperation,  Economic cooperation is a sort of international cooperation that tries to…

Q: Human capital investment is akin to a physical capital investment. All of the following are…

A: Capital refers to a company's riches in the form of cash or assets that may be used to start a new…

Q: Chapter 7: Growth accounting Assume: Yı = 1000 K1 = 2500 LF1= 500 Y2 = 1300 K2= 3250 LF2=575 g = 30%…

A: Answer Given Below....

Q: An increase in the price of a good will: Group of answer choices A. increase demand B. increase…

A: The notion of demand is used in economics to determine the quantity of an item or service required…

Q: Impact of Inflation on Zimbabwe’s Balance of Payments

A: Balance of payment is the account that records the  monetary transaction occured between nations .…

Q: MACRS for depreciation and pays taxes at the corporate rate what is the after-tax cash flow for this…

A: Present value is the concept that states an amount of money today is worth more than that same…

Q: Which of the followiing is true in a perfectly competitive market? Select one: Oa A large number of…

A: There are different types of markets and they are classified ok the basis of their characteristics…

Q: Consider the following Cournot-Stackelberg duopoly model on export subsidies: There are three…

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

Q: Use the following table to answer Questions 4-6. The blank columns are provided for yor workspace…

A: Total revenue is price multiplied by quantity. Marginal revenue is change in total revenue with…

Q: Please provide a short and concise answer to the following question: Why are exchange rates…

A: Exchange rate is the rate at which nation's currency are exchanged . Foreign exchange is used to…

Q: Consider a competitive industry. Every firm in this industry has a total cost function C (y) = y² +…

A: C(y) = y2 + 1 AC =y2+1y      =y+1yMinimize avarage cost∂AC∂y=1-1y2=01y2=1y2=1y=1Hence, each firm…

Q: Research the following National Development Indicators and explain briefly: Gross Domestic Product…

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

Q: Suppose that the demand for sweatshirts at the university bookstore is given by: P = 40 – 0.2Q A)…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level.

Q: 15. There is a shortage of bottled water in California, and the governor decides that the government…

A:

Q: a. Fill in the blanks. b. Based on your findings, what is the output that should be produced? Why?…

A: Total revenue can be calculated by multiplying price by quantity. Total profit can be calculated by…

Q: In a fishery the long-run harvest function (harvest volume) is H(E) = aE – bE2 a, b positive…

A: Maximum Economic Yield (MEY) is defined as the maximum yield which is correlated with the level of…

Q: A 50-mgpd (million gallons per day) water treatment plant is proposed for 2024 in Ureka. A 60-mgpd…

A: Inflation is basically defined as the rate at which prices rise over a certain period of time.As a…

Q: Problem 17.049: Calculate the after-tax AW of two alternatives A European candy manufacturing plant…

A: * SOLUTION :-    Given that ,

Q: 6. If the Nearovia government is primarily concerned with maintaining stability in its Real GDP,…

A: Exchange rate is the rate at which nation's currency are exchanged. Generally the value of currency…