If the monetary base in the country is 7126 billion, and the monetary aggregate M2 is 17909,2 billion, then the money multiplier is equal to:

Q: In pure competition, if the market price of the product is higher than the minimum average total…

A: Pure competition is a market structure in which different manufacturers offer similar products to…

Q: How long would it take for the initial investment to double (F = $20,000) at an interest rate of 3%

A: Introduction: The future value of the investment is given and it is said that the investment is…

Q: The number of people classified as employed is 325,000 and the number of people in the labor force…

A: The labor force is a group of people who are qualified to be employed in the economy and also…

Q: Undervaluing the substitution effect in calculating social welfare costs would overestimate the…

A: The substitution effect is a concept from economics that explains why a buyer increases, decreased,…

Q: In Autarka there are 9600 people who like to visit an amusement park. Each of these consumers wants…

A: Let, the price of admission at Bernice's Wild Rides be = $PB.  The number of customers is x.…

Q: XYZ corporation has budgeted P300,000 per year to pay for labor over the next five years. If…

A: The amount of expenditures anticipated to be expended to create a product or construct something is…

Q: ABC Company sold $10,000 of merchandise to a customer on September 1.  The terms were 2/10, n/30.…

A: The discount rate on the credit card is 1%  This means the company receives 99% of the charges if…

Q: The total revenue of a purely competitive firm from selling 6 units of output is $48. Based on this…

A: The market structure, which has numerous customers and sellers, is perfect competition. The market…

Q: Question 2  Income from recycling the paper and cardboard generated in an office building has…

A: Future value is the value of income at the end of planning horizon.    Present value is the value of…

Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t € (0,1). If the…

A: Probability of audit = p  Probability of no audit = (1- p) Tax without audit  Reported = tr  Tax…

Q: 14. Products differ in functional features, materials and design -less consumer welfare -real…

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

Q: A fully anticipated increase in the inflation rate can lead to Group of answer choices higher market…

A: A situation of an increase in the prices of different goods and services in a particular region is…

Q: Which of the ff. should influence the decision of Jollibee Foods Corp. in choosing whether to open a…

A: In economics, the elasticity provides a description on a change in consumer and sellers behavior in…

Q: The "Law of Increasing Opportunity Costs" makes the PPF curve bow outward. This would cause the bow…

A: A production possibility frontier (PPF) shows the maximum possible output combinations of two goods…

Q: The minimum efficient scale of a firm Multiple Choice is realized somewhere in the range of…

A: We can calculate long run average total cost by dividing long run total cost by output. Long run…

Q: The above image is the market for buckets of golf balls at a drivng range. A tax was imposed on this…

A: The tax is imposed by the government and burden of tax is shared by the producer and seller based on…

Q: For both parties to gain from trade, the price at which they negotiate the terms of trade must…

A: Trade is an economic practice in which countries exchange goods with each other. The trading of…

Q: An asset with a cost of $100,000 and accumulated depreciation of $80,000 is sold for $8000. What is…

A: Introduction: Gain & Loss: The gain arises from the sale of an asset when the asset is sold at a…

Q: a. The demand for pizza is given by ?" = 85 − 0.4? where ?" is the quantity demanded in slices and P…

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

Q: 8. Producers tend to ignore cost that they can avoid -inefficient allocation of resources -no…

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

Q: The profit maximizing condition for a purely competitive firm is when... Price average total costs…

A: Perfect competition is the market structure with large buyers and sellers. The market structure…

Q: When the cost of dough-making machines fell by 10 percent, the demand for assistant bakers fell by…

A: Cross wage elasticity measures how responsive, demand for one input is to changes in price or wage…

Q: Several Authors have used econometric analysis to show that the energy intensity of an economy…

A: Per capita income: The average amount of money a person in a given region made in a given year is…

Q: The table below shows the total expenditure on a basket of goods and services. Use this information…

A: The price index is a standardized average of the cost of family members for a given class of labor…

Q: The old adage “time is money” comes into play here, too, as saving time is often tantamount to…

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

Q: the demand elasticity of the cement is 2. Initial price of the cement is $1000 per ton and 100 tond…

A: When businesses seek to modify their demand elasticity, they use the price elasticity of demand. If…

Q: Consider a basket of consumer goods that costs $90 in the United States. The same basket of goods…

A: The nominal exchange rate (the price in dollars of one euro, for example) and the ratio of prices in…

Q: What impact does full employment have on the economy?

A: We can say that When all the labor resources in an economy are utilized in an optimum manner or in…

Q: Explain how the following situation would affect a nation's production possibilities curve. The…

A: A graph that shows several possible pairings of two items that can be produced is known as a…

Q: Equilibrium is 140, 1500 The longer curly bracket is long run, the shorter one is short run. In the…

A: The elasticity of demand measures the changes in quantity demanded with respect to the changes in…

Q: A price tag of P 1,200 is payable in 60 days but if paid within 30 days, it will have a 3% discount.…

A: Given: Price tag=P1200 Payable=60 days Discount= 3% Paid within= 30 days

Q: Assume a competitive firm faces a market price of $120, a cost curve of: and a marginal cost of:…

A: In case of Perfect Competition, there are large number of firms producing similar products. An…

Q: Consider the following OLS regression results, In(inc)=1.970+.083educ, R2=.186, where inc represents…

A: Given  Estimated regression equation: ln(inc)=1.970+0.083 educ R2=0.186 Here inc represents the…

Q: Economies of scale are indicated by Multiple Choice the rising segment of the average variable cost…

A: Production becomes more affordable as more units are produced thanks to economies of scale. The…

Q: When each person specializes in production of the good or service for which he or she has a…

A: The gains from specialization and trade are based not on absolute advantage but on comparative…

Q: Engr. Simon borrows P100,000 at 10% effective annual interest. He must pay back the loan over  30…

A: We have,  Borrowed fund is  P100,000 Effective annual interest is 10% Loan period is 30 years

Q: Question!: (XP ((₁-x)p₁ in = hilp₁u) h₂(pin) = ((1-4) p.) ² u и apz V[p₁w) = α² (1-α)²- a w Pia…

A: Equivalent variation is the concept used to adjust the consumer's income in such a way that he…

Q: Consider an investment of $100 over a 1-year period. The inflation rate is 5%, and the nominal…

A: Following is the given information in the question: Given the investment = $100 Time period = 1 year…

Q: Compute the missing total economic value * Reference Value 100 80 41 30 . Positive Differential…

A: Reference value refers to the price that the buyer actually pays for the next best competitive…

Q: Problem 6. See the figure below. If the government decides to restrict the quantity that is sold to…

A: Quota is a government-imposed restriction which limits the number of goods that can be traded during…

Q: Suppose the price elasticity of demand is given by E= 90 What quantity level maximizes total…

A: The concept of elasticity is used to study the changes in quantity demanded or supplied due to…

Q: Carefully explain what is happening in the following market. Indicate the impact if any on demand,…

A: At the marketplace, any change in the factors affecting supply or demand will have a significant…

Q: Which point(s) can be used to explain unemployment? (Use Graph) 200 180 160 140 120 100 80 60 40 20…

A: In an economy, unemployment refers to the situation when the supply of labor is more than its demand…

Q: 4. Analyzing the effects of a trade deficit You have just been hired by the U.S. government to…

A: When a nation's imports exceed its exports over a given time frame, a trade deficit results. It is…

Q: One application of structural unemployment is to a mismatch of skills: employers search for workers…

A: Firms and individuals are unable to change their skill requirements or skill sets in the short term.…

Q: Generalized Matching Pennies: Two players choose a number between 1 and 3. If the players choose the…

A: In the game of matching pennies, each player chooses a number between 1 and 3. If the players choose…

Q: Brian spends his entire monthly income of $1200 on shoes (S) and pizzas (P).  The price of a pair of…

A: Introduction  Monthly income of shoes and pizzas $1200  The price of pair shoes $60 and the price of…

Q: Explain how the Supply Curve would shift if the number of producers increased? (Be sure to identify…

A: When talking about the impact of change in the number of producers, it can be said that it will…

Q: 5. Capital flight The following graphs depict the market for loanable funds and the relationship…

A: The interest rate that an investor, saver, or lender receives after taking inflation into account is…