Q: For the cash flows shown, use an annual worth comparison and a MARR of 10% per year to determine the...
A: Introduction: The hurdle rate is that the nominal rate of return on an investment needed to cover it...
Q: Given the two machines data Machine A Machine B First Cost P8.000.00 P14,000.00 Salvage value 2,000....
A: The net gain or loss on an investment over a specific time period represented as a percentage of the...
Q: A widespread disease has wiped out many dairy herds, and cooking with cheese has become a new trend ...
A: Here, it is given that some of the dairy herds are wipped out due to widespread disease. At the same...
Q: Some politicians have suggested that Conada enact a constitutional amendment requiring the federal g...
A: A government budget is a paper prepared by the government and/or other political body that presents ...
Q: In the US, drug companies receive a patent of 100 years for each drug they develop. This allows them...
A: At the center of the country's drug pricing evaluating issue is one principal reality, Drug organiza...
Q: 2. Consider a model of vertical relations in the market where there are three stages of production. ...
A: GIVEN Introduction A single farmer produces wheat at a marginal cost of $2 and sells it to a sin...
Q: Table 24-2 The following table pertains to Wrexington, an economy in which the typical consumer's b...
A: Consumer price index(CPI): - it is a measure of change in the price level, it measures the change in...
Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...
A: Aggregate expenditure equation: AE = C + I + G + NX => AE = 400 + 0.40Yd + 25 + 40 + (-25) Note: ...
Q: True or False. As you move to the right of any indifference map, consumer utility always increases. ...
A: The indifferent map represents different bundles of two commodities that an individual can consume t...
Q: what pricing approach is it when a high school basketball team offers discounts to students, alumni ...
A: Price discrimination refers to when the seller charges a different price to different customers. Thi...
Q: 6. When Karen uses money to buy her breakfast, she is showing the use of money as a unit of account....
A: In an economy, money is used for different purposes, which explains different functions of money at ...
Q: The stock market experienced massive growth following President Trump's election in 2016, surging ne...
A: Massive growth following President Trump's election in 2016 There was a massive growth in the stock ...
Q: 5.9 Share elasticities In the Extensions to Chapter 4 we showed that most empirical work in demand t...
A: a. ∂sx∂I=∂(pxxI)∂I=px(-1I2x+I∂x∂I) The share elasticity is calculated by, ∂sx∂IIsx=px(-1I2x+1I∂x∂I...
Q: What is the effect of a cashless society??
A: A cashless society is a state of the economy in which financial transactions are conducted using dig...
Q: The production possibility frontier (PPF) in the Grossman model is as below. Individuals would never...
A: ANSWER Free lunch zone = Area where small improvements in health, yield large improvements in prod...
Q: When a customer takes cash from a drawer in his home and deposits it into his saving account, the co...
A:
Q: How is a basket of goods and services used to measure the price level?
A: Inflation is defined as the rise in the average price level of commodities and services in the econo...
Q: Consider the following example of a supply function, Qsx = -875 + 1250PX – 25C where Qsx refers to t...
A: The supply function for product X is given by Qsx=-875+1250Px-25C ... (1) We have to find ...
Q: Q1 represent the a Continuos Assessment Question As part of the Decision Making process, identifying...
A: Identifying a decision, acquiring information, and evaluating possible remedies are all steps in the...
Q: A certain office equipment has a first cost of PhP 20,00 and has a salvage value of PhP 1,000 at the...
A: First Cost = 20,000 Salvage value = 1,000 Time period = 10
Q: A profit-maximizing competitive firm uses just one input, x. Its production function is q 2x2, Margi...
A: A firm will maximise its profit where price of an input is equal to value of marginal product
Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The aggregate suppl...
A: Aggregate supply is defined as the total amount of supply of goods and services in the economy in a ...
Q: Provide two examples of how a company might engage in currency speculation.
A: Currency speculation refers to when an individual buys a currency with the aim to earn profit rather...
Q: %3D Ollie's utility function for Apples (A) and Bananas (B) is Cobb-Douglas: U = AB/6 a. Find expres...
A: MRS = (MUA/MUB) We have the utility function : U = AB/6 MUA = dU/dA = differentiate the utility func...
Q: Given Cost and Revenue functions C(q)=q3−10q2+52q+5000 and R(q)=−3q2+2400q, what cost is incurred...
A: Marginal profit means for a unit change in quantity how much profit will change . It is the profit ...
Q: If the price of a physiotherapy session is $100 and the pills cost $10 each, which treatment option,...
A: Given: Price of physiotherapy session=$100 Price of pill=$10 Note: Due to multiple questions being p...
Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...
A: The cost-benefit ratio helps in identifying the relationship between the cost and benefits of a proj...
Q: RSA has an influx of foreign nationals and the unemployment rate is increased drastically in RSA, do...
A: Unemployment rate The unemployment rate basically refers to a proportion of the entire labor force t...
Q: Derive the complete expression for Firm 1's residual demand given that the other firm supplies accor...
A: There are two firms in the market where market demand is Q = 100 - p and Supply function of each fi...
Q: What is the relationship between unemployment and the price level in the short run?
A: When all persons who are willing to work at the current wage rate are unable to find work, unemploym...
Q: If an economy is in recession, discuss the differing effects created by a tax cut vs. a GDP-G increa...
A: In an economy, recession refers to the market condition when firms and households make lesser econom...
Q: A corporate expects to receive $36,144 each year for 15 years if a particular project is undertaken....
A: The difference between the present value of cash inflows and the present value of cash outflows over...
Q: Microeconomics - Production Function A firm produces shoes using labor (L) and machinery (K) as fact...
A:
Q: Unit labour requirements: cloth tractors Home 200 400 Foreign 120 60 Use the information in the tabl...
A: Opportunity cost refers to decrease in production of one good needed to produce more of other good.
Q: Country A Country B Country C Terrania Share of Terranian Trade 0.4 0.3 0.3 Exchange Rate (units per...
A: Answer:- The real effective exchange rate (REER) can be defined as weighted average of a country's c...
Q: A consumer's preferences over gambles is represented by the expected utility function U (W,, W2, 1 –...
A: utility function is an important concept that measures preferences over a set of goods and services....
Q: 1. Consider the following Cournot model. The inverse demand function is given by p = 30 –Q, where Q ...
A: In Cournot duopoly, two firms compete in quantity and simultaneously choose the optimal quantity dep...
Q: Which of the following is true about utility? O Utility same for all the consumers O Utlity is subje...
A: 1st option - incorrect Utility is not same for all consumers. It varies from person to person. 2nd...
Q: Suppose the economy is four sectors economy. The economy is represented by the following: C = 400 + ...
A: Case 1: When there is no change in imports Y=C+I+G+NX Y=400+0.4Yd+25+40-25 Y=400+0.4(Y-T)+25+40-25 Y...
Q: Find the compound interest of P 2,500 invested at 8% compounded semiannually for 5 years and 6 month...
A: The interest on a loan or deposit is computed using both the original principal and the interest acc...
Q: Give 3 points on How can implementing return bottle policy in business help decrease waste in landfi...
A: Clean environment is the right of each and every people but anthropogenic activities is violating it...
Q: Complete the table below to describe the characteristics of a monopolistically competitive market. S...
A: A monopolistically competitive market has characteristics of both a monopoly and perfect competition...
Q: Which of the following is an example of an incentive? A. Purchases from a store earn the buyer rewar...
A: In the broadest sense, an incentive is anything that encourages someone to do something. When it com...
Q: You borrowed P10,000 and committed to pay back the entire principal plus interest of 3.25% per year ...
A: Given At present time, borrowed amount P=10,000 Rate of interest i=3.25% n=6
Q: In an Edgeworth box, illustrate that a Pareto-efficient equilibrium, point a, can be obtained by com...
A:
Q: Government affects business by being all but one of the following 1. A tax collector 2. An agent 3. ...
A: Government policies describe why things should be done in a given way and in a certain direction. Pu...
Q: 1. Describe options for employee socialization and the role socialization plays. [10+10]
A: Employee Specialization:- Employee specialisation is the procedure by which staff members acquire in...
Q: Make a supply and demand diagram where the drop of a price of a replacement negative growth in the n...
A: According to the law of supply when price increases then there will be more supply of the products w...
Q: For some couples, the solution for too much pandemic togetherness is saying good night on Valentine’...
A: In 1940's demand for mattress were more in the market and later on the demand beds started to come i...
Q: The table summarizes his operations for the past year. Total sales revenue $590,000 Employee wages $...
A: Accounting profit, also referred to as bookkeeping profit or financial profit, is net income earned ...
Step by step
Solved in 2 steps
- The market demand for productXis given by: \[ Q_{d}=6-1 / 2 P \text { or } P d=12-2 Q \] The market supply for goodXis given by: \[ Q_{s}=-14+2 P \text { or } P s=7+1 / 2 Q \] whereP=price per unit andQis number of units. Draw a supply-and-demand graph with these curves. 1.) Using the line drawing tool, draw the supply and demand curves. Properly label your lines. 2.) Using the point drawing tool, plot the equilibrium point. Label your point 'E'. Note: Carefully follow the instructions above and only draw the required objects. The equilibrium price is$and the equilibrium quantity is unit(s). (Enter your responses as integers.) A per-unit excise tax is imposed on suppliers of productX, and the market supply with the tax is now given by: \[ Q_{s}=-19+2 P \text { or } P s=9.50+1 / 2 Q \] Using the graph on the right, show this supply curve. 1.) Using the line drawing tool, draw the new supply curve. Label your line 'S1+tax'.1. Note: Carefully follow the instructions above and only draw…The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 95ep − 3p2⁄2, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a)Determine the price elasticity of demand E when the retail price is set at ¥300. E = Interpret your answer. The demand is going by % per 1% increase in price at that price level. Thus, a large price ___ is advised. (b)At what price will revenue be a maximum? (Round your answer to the nearest integer.) yen (c)Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per montha. Estimate the equlibrium price and quantity of the market whose demand and supply functionsare pd = −(q + 4)2 + 100 and ps = (q + 2)2respectively. b. If the region A (shaded grey) in the diagram above represents a solution set, derivethe system of inequalities which define that region.
- The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 95e−3p2 + p, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a) Determine the price elasticity of demand E when the retail price is set at ¥400. E = _____ Interpret your answer. The demand is going down/up by ____ % per 1% increase in price at that price level. Thus, a large price decrease/increase is advised. (b) At what price will revenue be a maximum? ____ hundred yen (c) Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) ______ paint-by-number sets per monthTime remaining:00 :09 :39EconomicsUse the following to answer questions (29) - (31):In the town of “One Horse” there is one movie theater. Two groups of consumers, adults (A) andchildren (C), attend this theater. Suppose the demand for movies by adults is given by:QA = 50 - 0.50PA, where PAis price ofan adultmovie ticket(in cents)and QAis the numberofmovie tickets sold to adults atthe theater. Suppose the demand for movies by children is given by:QC = 20 - 0.50PC,where PCispriceofa children’s movie ticket(in cents)and QCis the numberofmovie tickets sold tochildren atthe theater. Also, imagine totalcostis fixed at$450, thus makingmarginalcostofprovidingonemore movie ticket to either an adult or a child constant at zero.[29]Ifthe movie theateris able to price discriminate amongits two groups ofconsumers, then itshouldcharge a higher price to group A.A.TrueB.False[30]Ifthemovie theateris able to price discriminate amongits two groups ofconsumers, then itsmaximum profit is closest in value…Q8 plz help quick!!The aggregate demand for the mushroom pasta for each day is given by q = 200 - 4p, where p is the price of the pasta. If the price is $20, then the price elasticity of demand is 01 O 0.666 O 15 O 0.333
- 1. In this demand equation, simplify the equation if the Py = 20; I = 100; N = 200. Qd = 10 - 2Px + 2py + N.Plz solve in 1/2 hour it's urgent The market for bananas has the following demand and supply functions Qd= 8 – 3P + Y Qs = 4 + P + 0.5W Where Q is quantity, P is price, Y is income and W is an index of weather. Assume that production is negatively affected by a cyclone. Generate a new supply function accounting for the cyclone shock and assess the effects of poor seasonal conditions on the market outcomes P, Q and revenue.During the night, the electricity sector has a marginal cost of $1/MWh (megawatt-hour) forthe first 100 MWh produced (from wind turbines), and $20/MWh for each additional unit (from gasgenerators). During the day, they have a marginal cost of $1/MWh (megawatt-hour) for the first 50MWh produced (from solar panels), and $20/MWh for each additional unit (from gas generators).Nighttime and daytime demand are given by QnightD = 50 −P and QdayD = 200 −P , respectively.What are the market quantity and price during the day, and the market quantity and price at night?This is a model of the wholesale market for electricity, which you can think of as being competitive,but there is no resale between night and day.
- 17. The general demand function for good A is Qd = 754 − 2PA − 0.05M + 6PB +10ℑ+ 3PE + 2N where Qd = quantity demanded of good A each month, PA = price of good A, M = average household income, PB = price of related good B, ℑ = a consumer taste index ranging in value from 0 to 10 (the highest rating), PE = price consumers expect to pay next month for good A, and N = number of buyers in the market for good A. a. Interpret the slope parameter for income. Is good A normal or inferior? Explain. b. Are goods A and B substitutes or complements? Explain. Interpret the slope parameter for the price of good B. c. Are the algebraic signs on the slope parameters forℑ, PE, and N correct? Explain.[MUST SHOW WORK] Consider the above table for the market for oranges. A deep frost destroys many or the orange juice businesses to go put of business. As a result, quantity supplied decreases hper kg and the new equilibrium quantiy is.........? kg of oranges The new equilibrium price is .............? kg of oranges Select one: O A. 1.70;400 O B. 1.10; 700 O C. 1.20;650 O D. 0.90;400 O E. 1.50;500Suppose the price elasticity of demand for heating oil is 0.2 in the short run and o.7 in thelong run.a. If the price of heating oil rises from $ 1.80 to $2.20 per gallon, what happens to the quantity of heating oil demanded in the short run? In the long run? (Use midpointpoint method in your calculations.)b. Why might this elasticity depend on the time horizon?
