Q: ENGINEERING ECONOMICS The ABC Foundation expects to award Php15,000,000 in grants to public high…
A: B/C ratio(Benefit-Cost Ratio) is used to do a cost-benefit analysis. The relative costs and benefits…
Q: What does disposable income measure? the income households have from investment income such as…
A: Depending on the usual specifics of the situation like the purposes of taxes, financial accounting,…
Q: Suppose that the short-run world demand and supply elasticities for crude oil are −0.076 and 0.088…
A: The price elasticity of demand is a measurement of how price affects the quantity demanded. When…
Q: Which of the following statements is true? OA. When a large proportion of income is spent on a…
A: Elasticity of supply depicts how much consumer responds with the change in the price level.
Q: How much will be the government revenue?
A: Introduction We have given demand and supply function of product M. Diagram: The shaded portion is…
Q: Question 15 If the GDP is at 7.1% growth and the RGDP is at 2.2% growth, then the inflation rate is
A: Ans. 15. The inflation rate by approximation formula is the difference between real GDP and Nominal…
Q: Consider the following table of long-run total costs for three different firms: Hand written asa…
A: Given topic related to the Economies of scale
Q: Refer to Figure 2-13. Which of the followings statements is most accurate about payments for goods…
A: Chart is showing interaction between household and firm through the factor market and good market.…
Q: In 2014, the United States' balance-of-trade deficit with China was about 10 times as large as the…
A: When talking about IS trade relationship with other countries, it can be said that Has has some…
Q: The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound…
A: The point where demand and supply intersect each other give rise to equilibrium. Demand is more…
Q: Choose two factors that could cause AD to shift in the months to come and explain the direction of…
A: Aggregate demand is the total purchase of final goods and service by all sectors in the economy…
Q: An important factor affecting price elasticity of supply is OA. proportion of income spent on the…
A: Elasticity of supply measures the degree of responsiveness of supply to change in the price level.
Q: A clothing store decreases the price of its T-shirts from $20 to $12. Correspondingly, sales…
A: Total Revenue = Price*Quantity So when the price is $20 then the Total Revenue is 20*1200 = $24000…
Q: Which of the following statements is true? OA. When a large proportion of income is spent on a…
A:
Q: What are the meanings of ‘Economic growth’ and ‘Economic development’? What ‘Economic development’…
A: Economic growth, defined as an increase in people's real income, indicates that the ratio between…
Q: carlos invests $6000 in a 24 month CD that has a 4.75 interest rate. use the formula to find how…
A:
Q: Ithy by working out, eating healthier, and taking preventive care. Assume that the cost of becoming…
A: 1. No. Becsuse, The only employer in the town is giving the job to everyone irrespective of the…
Q: A manufacturer's total cost equation per day is given by the equation TC = 440 + 4q+,0001Q². f each…
A:
Q: Which of the following statements is true? OA. When a large proportion of income is spent on a…
A:
Q: What impact has the global outbreak of Covid19 had on post
A: Postsecondary Education, otherwise called tertiary education, is the education level that follows…
Q: A country imposing a tariff can benefit in terms of social welfare if A. The terms-of-trade benefit…
A: A tariff is a levy imposed on products and services imported from another country by one country.…
Q: 11. Shinhan Bank has 100 in checkable deposits, total reserves of 15, a loan of 85, and no bank…
A: Balance sheet before 10 $ outflow Required reserves = 10 % of deposits = 10 $ Excess reserves =…
Q: Kim spends all her weekly income of R200 on two goods, X and Y. The prices of the two goods are R5…
A: A budget constraint refers to all the different combinations of goods and services that a consumer…
Q: Suppose auto workers as part of a new union agreement negotiate higher hourly wages, what impact…
A: Here, it is given that hourly wage of author workers has increased due to a new union agreement.
Q: Assume now that the company would like to internationalise, explain the typical process in which the…
A: Interdependence. Firms operating underneath requirements of oligopoly are expressed to be…
Q: Irfan has the budget constraint described in the graph below. If Irfan purchases 1 hour of tutoring…
A: A budget line shows all the combinations of the two goods that a consumer can buy given his budget…
Q: Economics True or False. Please provide a short explanation. A person with the utility function U(x,…
A:
Q: Given information: Fixed factory overhead costs: $60,000 Fixed selling overhead costs: $12,000…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: Match the term with its correct definition. 1. Deflation Externality Fallacy of Composition A side…
A: For given terms the correct options are -
Q: The economy is characterized as: C=100+0.8Yd G=T =50 I=50-25i MS=200 P=1 Md=Y-25i Tax T=50…
A: Economic Growth is the change in the GDP or the other various measures of the welfare of the economy…
Q: John owns and runs a food truck, which is a 20% chance that his truck will be firebombed by one of…
A: The given probability that damage will occur, P = 20% = 0.20 Probability of no damage = 1 - P =>…
Q: Which of the king staten OA. When a large proportion of income is spent on a product or service, the…
A: The demand for the good is considered to be more elastic if change in quantity demanded is more than…
Q: 8. Short-run and long-run effects of a shift in demand Suppose that the turkey industry is in…
A: There are various factors that affect the demand and/or supply of a particular good and/or service.
Q: Q8. Discuss the differences between short run VS long run Firm Supply in competitive market…
A:
Q: 1. The following prices and quantities produced were recorded in computer land during the years…
A: GDP Deflator = (Nominal GDP/Real GDP)*100 Nominal GDP is the value of the current basket of goods at…
Q: Explain how to use a well-known sharing economy platform for transportation in South Africa?
A: The sharing economy is a social economic system regarding resource pooling. It frequently entails a…
Q: After talking your managerial economics class, you realize that you can probably raise your profits…
A: Given information In Laredo: Q1=200 burger per week P1=$9 Q1*=100 meals per week P1*= $10
Q: If the price elasticity of supply is 5, when prices rise by 5%, the quantity supplied will OA.…
A: Price elasticity of supply refers to the economic tool that is used to understand the responsiveness…
Q: Even though Polly Pockets toys made in China posed a choking hazard, the U.S. continues to import…
A: Polly Pockets toys made in China were stopped by the US owing to choking hazards caused by the toys.…
Q: In an economy with 200 million people, 140 million hold civilian jobs and 9 million are not working…
A: Unemployment is a time period relating to individuals who are employable and actively searching for…
Q: Consider the following hypothesis test Η με 20 H₁ μ<20 A sample of 80 gave a sample mean of 19.4.…
A: We have been given sample of 80 which gives sample mean of 19.4. Standard deviation of population is…
Q: List the four factors of production
A: Factors of production are the economic inputs utilised to generate profits. Land, labor, capital,…
Q: Draw the graph of inflation and unemployment in the long run and the short run.
A: The graphical representation of inflation and unemployment is shown by the Phillips curve.
Q: Suppose that the income tax in a certain nation is computed as a flat rate of 5 percent, but no tax…
A: The amount of a person's income or total amount of money that must be paid in taxes is referred to…
Q: Discuss the main reasons for the collapse of the Bretton Woods system.
A: The Bretton Woods System required a money stake to the U.S. dollar which was thus fixed to the cost…
Q: Suppose that there is a 20 percent change that George's coffee shop will make $9000 in profits in…
A: Expected profit is the probability of getting a specific profit times the profit, and the expected…
Q: (a) What combination of goods x and y should a firm produce to minimize costs when the joint cost…
A: Here we have two goods x and y The joint cost function is cx,y=6x2+10y2-xy+30 The firm here has a…
Q: The blue curve on the following graph represents the demand curve facing a firm that can set its own…
A: A manufacturer's extra money by selling one more unit of his product is referred to as "marginal…
Q: Please do the both questions I will be give you Upvote 3: If a country increases its money supply…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: 12. Suppose the nominal exchange rate between the Japanese yen and the USA dollar is 100 yen per…
A: The nominal exchange rate is how much homegrown cash expected to buy foreign money.
Importance of business?
Step by step
Solved in 2 steps