If you earned Php 370 per day in 2011 and Php 400 per day in 2013, were you better off in 2013 than in 2011? (Use the CPI data below). Year | CPI 2011 | 97.6 2012 | 100.0 2013 | 104.3

Q: Use the table to answer the question. Price Quantity Demanded $25 $30 $35 $40 $45 (units) 450 420…

A: Quantity demanded is negatively related to price.  Quantity supplied is positively related to price.…

Q: Assistance with explanations of the following phenomena a.In the long run, what happens to…

A: Consumption is defined as the purchase of goods and services for the purpose of acquiring current…

Q: Before 1700 per capita GDP across countries differed by a factor of: a. 1 d. 50 b. 2-3 e. C. 10 100.…

A: Introduction GDP is the total goods and services produced in an economy at market prices. Economic…

Q: Michael works in communications. On December 31, 2017, he bought an existing business with servers…

A: ANSWER: 1)  Gross investment = $500,000      depreciation = $200,000      Net investment = 500000 -…

Q: Demand function = Qdx = 6,000 - 1,000Px Supply function = Qsx = 1,000Px Obtain the equilibrium…

A: Equilibrium is a situation where market demand is equal to market supply.

Q: What is the relationship between the coupon on an asset, the price of the asset and its interest…

A: The price of the asset is the price at which an asset is traded in the market.  The coupon is the…

Q: Only one of the options is correct, not three

A: Nominal GDP is the value of all final goods and services produced in any economy during a given…

Q: Explain why the market price may not be the same as the equilibrium price

A: Demand is the quantity of the items that consumers are requesting at a specific price and time.…

Q: Problem 3. Recall u is CES if for p 0 and Σ; ai = 1, ² u(x) = (Σ α₁x² (1) Show that preferences are…

A: Given informationCES utility functionU=∑iaixiρ1ρρ<1∑iai=1ai>0

Q: Consider the following short-run IS-LM model described by equations (1) through (6): (1) C= 200+…

A: The IS-LM model explains how aggregate real goods marketplaces and financial markets interplay to…

Q: If the equation for the demand curve is Q = 450 – 25P and the equation for the supply curve is Q =…

A: Equilibrium is where demand curve intersects to supply curve. i e. Demand= Supply

Q: Assume that, without taxes, the consumption schedule for an economy is shown below: GDP, Billions…

A: Equation of consumption function: C=c+bY-T Where T=0 C=c+bY       ....(1) Where b is known as the…

Q: g) If the price fell below the price in (e) what should the firm do? Briefly explain.

A: Shut down point is the point at which the average variable cost attains its minimum value. So shut…

Q: Dan's utility function is given by (8.2 x₁ + 1.6x₂)² D(x1, x2) = Lan's utility function is given by…

A: Given  Dan's utility function: D(x1,x2)=8.2x1+1.6x22             ......(1) Lan's utility function:…

Q: 3. Relationship between tax revenues, deadweight loss, and demandelasticity The government is…

A: Here we are given 2 markets a)market for jackets b) market for smartphone. In both the markets the…

Q: a. What do the the three reg b. What do the unemploym- c. Do these nur force particip

A: The unemployment rate tells that for a fast-growing economy the unemployment rate decreases…

Q: (a) Show that Pr(Yį = 1|X) = Bo+®ıX. (b) Show that var(u₁|X₁) = (B₁ + B₁X₁)[1 − (Bo + B₁X;)]. [Hint:…

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Q: To triple $1 million, Theo invested today at an annual rate of return of 9 percent. How long will it…

A: We can compute future worth with compound interest utilizing this formula: future worth = present…

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A: Introduction Present value (PV), also known as present discounted value, is the value of an expected…

Q: In the United States, about 6 million manufacturing jobs disappeared in the first decade of the 21st…

A: Import and export restrictions are not present in a free trade system. A free trade agreement is a…

Q: 5. Motorcycle shop A sells brand new motor bikes at Php42,250 less 10%. Shop B, on the other hand,…

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Q: Price level LRAS Real GDP ($ trillions) SRAS AD of G

A: The total supply of products and services that businesses in a country's economy want to sell over a…

Q: Given the following: C(YT) = 200 +0.75(Y-T) I(r) = 80 - 20r L(r,Y) = Y − 90r G = 200 T = 75 M = 2500…

A: Given information C=200+0.75(Y-T) I=80-20r Md=Y-90r G=200 T=75 M=2500 P=4

Q: Write a discussion paper on Indigenous Laws and how they impact Indigenous peoples today. Please put…

A: Introduction  Indigenous law is a legal framework with unique principles and standards. Indigenous…

Q: Farmers in Florida use honey bees to pollinate their orange trees.  If the price of an orange…

A: In Florida the farmers use honeybees to pollinate the orange trees. The beekeepers and the farmers…

Q: 1. What is the equilibrium price and quantity based on the following demand and supply equations?…

A: As per our policy, only the first three parts are solved, if you want other parts please repost and…

Q: Suppose you are given the following information about a country: What is the total unemployment rate…

A: Unemployment is a persistent issue that arises when certain workers are unable to find employment in…

Q: With the same inverse demand function p = 50 - Q in a Cournot duopoly, what are the equilibrium…

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Q: references satisfy strong monotonicity and strict convexity. It is also true that for Lea A-E Which…

A: Monotonic preference is when a customer favours a package that has more of each good.

Q: 1. Consider the following interaction between a single long lived firm, and a sequence of…

A: A stage game is where the players move simultaneously, one stage payoff will not affect the other,…

Q: v) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…

A: Given  Pizzas and soda is consumed in fixed proportion as 3 pieces of pizzas with 2 cups of soda.…

Q: uppose a single parent can work up to 16 hours per day at a wage rate of $10 per hour.  Various…

A: Budget Constraint is defined as a set of combination of goods that a consumer can afford to consume…

Q: Suppose the demand for French bread rises. Illustrate and briefly explain what happen to producer…

A: Producer Surplus: Producer surplus refers to the difference between the minimum price a producer is…

Q: Do you think studying wealth creation is important? Why or why not?

A: Yes, studying wealth creation is important. Following are the reason to create wealth:- 1. It…

Q: Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a…

A: When supply and demand deviate from the price and quantity of equilibrium, a deadweight loss is…

Q: 8-The profit-leverage effect of purchasing savings means that.. a- a reduction in money tied up in…

A: The profit leverage effect will be determined by an increase in profit obtained by a fall in…

Q: Draw the Saving-Investment diagram and illustrate the effects of the following shocks on the…

A: ANSWER: (A).        Saving is an increasing function of the rate of interest. People save more at a…

Q: play golf, and try out for a major league baseball team. Under what circumstances will a labor…

A: In case of labor supply, when the money income of the laborers increases the supply of labor falls.…

Q: What is the tragedy of the commons? The tragedy of the commons A. occurs when two firms make a…

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

Q: Consider the following cash flows. Select the closest answer to the rate of return. Cashflow Year O…

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Q: If nominal rate of return is 10% per annum and annual effective rate of interest is 10.25% per…

A: Given information: Nominal interest rate (r): 10% Effective interest rate (i): 10.25% To find: the…

Q: c.What is portfolio investment? d.Explain TWO (2) relative impact of international business on your…

A: The transfer of capital, technology, goods, and services between nations is referred to as…

Q: A bank pays 5.6% compounded daily (based on 360 days), on a 9-month certificate of deposit. If you…

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Q: Using below information answer questions 12, 13 and 14 Suppose there is a market that has market…

A: tax levied on goods increased the price. as we know that price is set by the market mechanism demand…

Q: Multinational corporations own assets in their home market and at least one foreign nation. Any…

A: Multinational firms have holdings in at least one international country in addition to their home…

Q: Which of the following are the tools in the Fed’s toolbox? Check all that apply. a) repurchase…

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

Q: Suppose that at the end of 2022 the one-year interest rate was 9.75% and the two-year interest rate…

A: As per the given data, You can see the yield curve is the upward slopping. I.e the expected rates of…

Q: Billy B. decided four years ago to add high bush blueberries to his commercial vegetable farm near…

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Q: Two Cournot competitors face inverse demand p = 50 - Q, where Q = 9₁ +92 is the total output of…

A: Inverse face demand: p = 50 - Q Q = q1 + q2 Now, p = 50 - ( q1 + q2) = 50 - q1 - q2 p = 50 - q1 - q2…

Q: Profit Maximization and Shutdown Point (numerical example) A group of economists surveyed small…

A: Introduction Total revenue is the multiple of price and quantities produced by the firm. The total…