In the economic evaluation of a national why the real GDP is a better measure than the nominal GDP.

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A: The entire amount of labor that workers are willing and able to offer to the market at various wage…

Q: Question landscapers laid off in response to drop in new housing construction during a recession.…

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: D $1.50 $1.25 $0.75 350 De In the above figure, assume that So represents the industry supply curve…

A: The correct Option is the second option that is:-   An individual firm will face a horizontal demand…

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A: Utility is a term used for the satisfaction attain from the consumption of goods and services in the…

Q: a. Write out the expression for his indifference curve with y in terms of x and U. b. Assume Alex's…

A: Since you posted a question with multiple sub-parts, we will provide the solution to only the first…

Q: Which of the following would cause an inward (left) shift of the PPC? A A tax is decreased on…

A: The inward shift in the PPC is caused when the resources if the economy are destroyed due to natural…

Q: Three mutually exclusive projects are being considered:

A: Mutually exclusive alternatives imply that only one can be chosen out of three .We will you the…

Q: How do I graph the amount of fertilizer that needs to be added to an acre of land and the amount of…

A: A graph is a visual representation of information that is used to show the relationship or pattern…

Q: g. Suppose you are told that after the price increase, the highest level of utility Alex can enjoy…

A: The utility function is the mathematical relationship between the utility and different bundles of…

Q: Output Total Revenue ($) Total Variable Cost ($) Total Fixed Costs 1 1,000 750 500 2 2,000…

A: Total revenue is the product of price and quantity.  Total cost is the sum of fixed cost and…

Q: 26. Assume the economy is at full employment. Which is the most likely effect of a decrease in…

A: Full employment is referred the be as economic situation in which all available labor resources are…

Q: suppose the marginal propensity to consume is 0.75, the marginal propensity to import is 0.25, there…

A: Aggregate expenditure is the sum of all spending made by all sectors of the economy.  It includes…

Q: A severe negative supply shock occurs when there is a significant reduction in the supply of key…

A: Supply is the number of goods and services the supplier is willing and able to sell at the market.…

Q: The incremental gain to a merger is formulated as: AV VAB-(VA Ve True or False True False

A: A merger refers to a situation where two or more companies combine their operations and become a…

Q: Eren’s two main hobbies are taking vacations overseas (V) and eating expensive meals (M). His…

A: Equivalent Variation: When the price of a good changes and hence the consumption bundle, that new…

Q: The marginal utility of the 8th can of beer is A. 10. B. 16. C. 86. D. 96. E. 187.

A: Total utility is the economic term to measure satisfaction derived from consuming the good.

Q: Your utility function is given by M1/2. You have $100 and are planning to invest in a venture where…

A: Choice under uncertainty: Choice under uncertainty implies such situations when an individual is…

Q: Because of the housing bubble, many houses are now selling for much less than their selling price…

A: A housing bubble is a situation that occurs when the prices of houses in a particular geographic…

Q: Problem 1: A company's revenue function can be defined as; TR = Price (P) x Quantity Demanded (Q).…

A: Since you have posted multiple questions, we will provide the solution only to the first three…

Q: Suppose that the cost of crude oil decreases from $25 to $20 for each barrel of heating oil…

A: Equilibrium Point: In this point, market supply and demand must balance one another to reach…

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A: Scarcity occurs where the demand is greater than the availability of resources. Scarcity is main…

Q: Workers with weak attachment to the labour force is called: Inactive job seekers…

A: The whole population in a given economy or geographical area who are either working or actively…

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Q: The table below is the current balance sheet for the Maple Leafs Bank. Answer the following…

A: DISCLAIMER “Since you have asked multiple questions, we will solve the first three question for you.…

Q: a.Calculate the saving schedule. b.Determine the marginal propensities to consume (MPC) and save…

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Q: Two firms (A and B) run separate mining companies in the same forest. Both pollute the river flowing…

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Q: Create a strong argument to the following prompt. Explain how the labor theory of value developed…

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Q: You would normally expect cyclical unemployment to be economy A Moving to another question will save…

A: Cyclical unemployment is the unemployment due to the change in business cycle.  Business cycle has…

Q: Suppose Alex has the following utility function defined over goods x and y. U (x, y) = xy +10x a.…

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Q: You have been asked to perform an economic evaluation of two projects and recommend one of them for…

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Q: When wage rates rise slower than the increase in labour productivity, the A. output gap increases.…

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Q: Medco, Inc. manufactures microsurgical instruments used in products such as minimally invasive…

A: Given that: Industry learning curve = 78% or 0.78 First unit requires = 126 DL Planning to bid = 350…

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Q: Show the possible effect of this free entry and exit by shifting the demand curve for a typical…

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Q: Investment in capital is important because it A-decreases productivity. B-leads to lower taxes.…

A: Investment in capital refers to the expenditure on goods that are used to produce other goods and…

Q: Huxley lost $150 in the stock market. According to behavioral economics research, how much of a gain…

A: Introduction  Behavioral economics is a branch of economics that studies the impact of psychology on…

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Q: Question: Problem Scenario Covid-19 global economic pandemic has negatively affected economies as a…

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Q: Tax policy is one used not only for economic purposes but also for political purposes. It is the…

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Q: If the area above the supply curve and under the market price = producer surplus; does the area…

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Q: Suppose that the world price of oil is $70 per barrel and that the United States can buy all the oil…

A: Price ceiling refers to the legal maximum price that can be charged for a good. A binding price…

Q: Figure 3-13 Peru's Production Possibilities Frontier traties 400 360 320 + 200 240 200+ 160+ 120 00+…

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Q: d. Suppose that both G and T increase by one unit. Using your answers to (a) and (b), what is the…

A: Budget Deficit: A situation where a government spends more money than it collects in revenue,…

Q: Two years ago, the WTO negotiated a package intended to reduce trade barriers. Developed countries…

A: According to the question, Two years ago, the WTO negotiated a package intended to reduce trade…

Q: State whether the following statements are True or False, and explain your reasoning. If not all…

A: A corner solution takes place whilst a customer's optimal bundle of goods consists of consuming only…

Q: 6.10. SPOKENWORD. Your software com ken Word, a voice-activated word proces on the pricing of the…

A: Optimal demand refers to the level of demand for a product or service that maximizes a consumer's…

Q: Consider the market for CD players, illustrated in the figure to the right. Suppose there are…

A: Network externalities can be both positive and negative. Network externalities are a sort of…

Q: What is the difference between political competition and Tiebout competition? and what are the four…

A: Arrow's Impossibility Theorem, which bears the name of economist Kenneth Arrow, is a key theorem in…

Q: In a supply-demand diagram: show how consumer surplus, producer surplus, and cost of production…

A: Price Ceiling: When the market equilibrium price is quite large then in order to support the buyers…

Q: Three students have each saved $1,000. Each has an investment opportunity in which he or she can…

A: Formula for future value is given as: F = P(1+R)t F: Future value P : present valueR : per annum…