In the Systematic Economic Analysis Technique (SEAT), Step 5 is Compare the alternatives by an economic measure. What are the economic measures to consider and what are the methods that ROR s of single, mutually exclusive multiple alternatives, or independent multiple alternatives are selected? Include the equations discussed in class (where applicable).
Q: in their businesses. This will cause the aggregate demand curve to: Shift right O Stay the same O Sh...
A: The aggregate demand is the sum total of entire demand of goods and services in the economy.
Q: What was the most “nicompoopish” belief that Keynes ridiculed?
A: The J M Keynes is known as the father of Macroeconomics. He is the biggest critique of classical ec...
Q: a. Use the accompanying two diagrams to illustrate the effects of an increase in foreign output on d...
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Q: What is the 'Race to the bottom?' Give an example. How is it related to free trade? How does the phe...
A: DISCLAIMER “Since you have asked multiple question, we will solve the first three question for you....
Q: Explain what is meant by allocative efficiency and under what conditions is this efficiency achieved...
A: In a marketplace, efficiency refers to the ability of the market to get output with the given resour...
Q: What would happen to the budget deficit if the: a) GDP growth rate jumped from 1 percent to 3 percen...
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Q: For the following cost function TC = a + bQ – cQ 2 + dQ 3 , determine the equations for TFC, TVC, AF...
A: Given the cost function: TC = a + bQ – cQ2 + dQ3
Q: Consider again the two schemes. Which scheme will the farmers prefer? Consider again the two schemes...
A: A price floor is a minimum price set on goods and services usually determined by the government.
Q: 3. A firm’s production function is q = 8K.25L.75 MPL = 6 K.25L-.25 MPK = 2 K-.75L.75 a. Determine...
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Q: Amonopoly faces the demand curve 14 P=12-1.00. 134 where Pis measured in dollars per unit and Qin th...
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost th...
Q: 9. How many Thneeds are you willing to produce at C0. How many Thneeds are you willing to produce at
A: Demand and supply In an economy there is always a demand for goods and services and the supply of g...
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Q: Please answer with details on how to do it. A small company manufactures a certain product. Variabl...
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Q: 1) Suppose the production function for widgets is given by: q= KL – 0.8K² – 0.2L². a.) Suppose K=10,...
A: 1) Production Function : q=KL-0.8K2-0.2L2 a) K=10 q=(10)L-0.8(10)2-0.2L2 q=10L-80-0.2L2 Maximizi...
Q: O The supply side of the economy, along with Its output, determines the productive capacity O The le...
A: At equilibrium the aggregate demand and aggregate supply are equal and determined the price level at...
Q: 16. Suppose that planned investment and planned government purchases do not depend on income: I = 15...
A: (16) Aggregate expenditure equation: AE = C + I + G => AE = 2 + 0.75Y - 0.75T + 15 + 17 => AE ...
Q: Business Week, in an article dealing with management, wrote, "When he took over the furniture factor...
A: When all items and means of production in an economy are dispersed or assigned to their most useful ...
Q: Harrod-Domar Growth Model. Given the following equations: Y = F(K) S = sY I = AK %3D %3D c = K/y C =...
A: Harrod Domar model is an economic growth model. It explains the growth rate of an economy in terms o...
Q: The mean yield for one-acre plot is 662 kilos with a s.d. 32 kilos. Assuming normal distribution, ho...
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Q: The government should impede the pace of innovation, which is tearing apart the social fabric of the...
A: Innovation refers to the development of technology that makes production of goods and services more ...
Q: Explain this two causes of unemployment
A: The two causes of unemployment are as follows:
Q: 1) The total expenditure in Macroland begins with these initial levels (in trillions of dollars): GD...
A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the firs...
Q: STORES & SALES 16 14 12 10 8. 4 2 100 200 300 400 500 600 SALES STORES
A: Graph 1 measures sales on the horizontal axis and measures Stores on the vertical axis. Graph 2 mea...
Q: The __________ industrial sector contains small, less profitable firms operating in more competitive...
A: Ans. Monopolistic A monopolistic market is a theoretical situation in which only one corporation can...
Q: 1. Find the output needed to maximise profit given that the total cost and demand functions are as f...
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Q: For the following cost function TC = a + bQ – cQ2 + dQ3, determine the equations for TFC, TVC, AFC, ...
A: Given: The cost function is: TC = a + bQ - cQ2 + dQ3 To Find: The equations for TFC, TVC, AFC, AVC,...
Q: Suppose a French car costs 22,000 Euro, and a similar Turkish car costs 300,000 TL. If Euro/TL exhan...
A: Given; Price of car in France= 22000 Euro Price of car in Turkey= 300000 TL Nominal exchange rate= 1...
Q: Сonsider a hyрothetical ecoпоту described by the following information: C = = 500 = 100 G = 200 T = ...
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Q: How does the government regulate the supply of money in circulation using the Reserve Requirement?
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Q: Refer to the Long Run Average Total Cost curve below to answer the following questions:
A: Economies of scale occurs when LRAC decreases as output increases. In the given curve, LRAC decrease...
Q: As capitalist systems mature,a. the economy is increasingly dominated by small businesses.b. the wil...
A: A capitalist makes the greatest money by making the most effective use of capital assets while creat...
Q: Which of the following statements is false? The owner of a patent is not obliged to grant a l...
A: A patent is an exclusive right granted to a product or technique that offers a novel technical inven...
Q: In relation to bargaining power with Buyers. Explain each point: -They purchase a substantial p...
A: There are many factors that are related to the bargaining capability of the buyers. Many factors are...
Q: Contemporary institutional and development economists point out that political institutions play a s...
A: Economic growth is the growth that is achieved by using various resources and technology. It means a...
Q: What is the 'revolving door' of aid and capital flight? How do Ndikumana & Boyce claim that Africa i...
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Q: A country has a net foreign investment of $-5 Trillion? What does this mean?
A: Balance of Payment refers to the systematic record of all economic transactions between the resident...
Q: Answer the following, providing a graphical illustration along with your answer where necessary: a) ...
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost th...
Q: Refute this statement with three reasons "The future is big tech and that should be our focus, not s...
A: Small-scale industries are those in which production and manufacture are carried out on a limited sc...
Q: Price Pm in P. Pr
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Q: ext year after Matt decides to renew his lease. (maybe unwisely depending on how you swered the prev...
A: It is given that Chris Hemsworth lie about body straighting capabilities of rutabaga and the demand ...
Q: Question 1.lf the reserve requirement is 100 percent, and banks keep no excess reserves, a new depos...
A: (1) Reserve requirement = 100% = 1 Money multiplier = (1 / Reserve requirement) => Money multipli...
Q: Briefly explain production function and profit maximization with a diagram in short.
A: The relation between the quantity of productive inputs (such as labor and capital) utilized and the ...
Q: In the following mixed-strategy, static, zero-sum game, calculate the optimal value for x (proportio...
A: The matrix can be written as
Q: When marginal cost equals average toal cost, average total cost, (Click for List) rising at a minimu...
A: Marginal cost is change in total cost divided by change in output. Average cost is the cost per unit...
Q: When marginal cost is greater than average variable cost, average variable cost i v (Click for List)...
A: Marginal cost is defined as the extra coat a firm incurs by employing an extra unit of input.
Q: In a world where the only goods are cell phones and cereal: Jennereelam can produce: 80m kilos of ce...
A: According to the question given, Jennereelam can produce 80 million kilos of cereal and 200 thousa...
Q: he Congressional Budget Office admits that its forecasts of next year’s GDP are off by an average of...
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Q: Classify each of the following cost items as mostly fixed or variable 1. Raw materials 2. Direct Lab...
A: Note:- Since you have put a multi-part question, we are providing you with the solutions to the firs...
Q: The mean weekly sales of the chocolate bar in candy stores was 146-3 bars per store. After an advert...
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Q: Q#2 Graph the EUAC or EUAB of the following two mutually exclusive alternatives. Use interest rate f...
A: EUAC or, Equivalent Uniform Annual Cost can be calculated by:EUAC = P(A/P, i %, n) - S(A/F, i %, n) ...
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- Your friend - an artist - has asked you to help her determine how many paintings sized 50x150cm she should paint for sale. She's deciding between one, two, three, or four paintings. Your friend sells the paintings for 300 monetary units each. She spends 8 hours on each painting (1 hour of work = 15 monetary units). Additionally, each painting incurs an extra cost of 40 monetary units (for canvas, backing, paints, brushes, sprays). Based on past data, you estimate that with a probability of 0.2, there will be no potential buyers; with a probability of 0.2, there will be one potential buyer; with a probability of 0.2, there will be two potential buyers; with a probability of 0.3, there will be three potential buyers; with a probability of 0.1, there will be four potential buyers. Assume that if there are fewer paintings produced than potential buyers, some (randomly selected) potential buyers will remain without a painting; otherwise, all potential buyers will purchase exactly one…Provide an evaluation of the size of the explanatory variables’ coefficients and their statistical significancein Table 5.Please do not use langrangian method
- With Panel Data, if we assume that the individual effects vi are not correlated with the regressors Xit (i.e. E(vi|Xit) = 0), which one of the following statements is correct: The Fixed Effects estimator is not consistent. Both the OLS and the Random Effects estimators are not consistent. The OLS estimator is not consistent, but the Random Effects estimator is consistent. The OLS and the Random Effects estimator are consistent. All of the above. None of the aboveDEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 6. If tax revenue per capita (M) increases by 10, what will happen to the estimated quantity of cement demanded? Q = f( P, M, PR) where Qc = demand for cement/month (in yards) Pc = the price of cement per yard, M = country’s tax revenues per capita, and PR = the price of asphalt per yard.In terms of composition and importance, what is the differnece of mission statements of a fortune 500 comapny?
- if multicollineratiy problem exists in equaion which of the following statements is true? a)OLS estimators of the parameters keep their netrality,but their standard errors tend to decrease,so the t values become larger and the t-test is un reliable b)The predctions that will be biased OLS estimators of the parameters become valid c)The t ratios of at least one of the coefficients will be statistically insignificant and the R2 values will be small d)OLS estimators of the parameters keep their neutrality,but their standard errors tend to increase,so the t values become smaller and the t-test loses its reliabilityWe want to estimate the treatment effect of D ony via a linear regression model y = bo+b1x +rD+u.where x is an exogenous controi variable. If the value of the treatment variable Dis randomly assigned. there O a. the OLS estimate of r is biased due to sample selection. Ob.the OLS estimate ofris unbiased. Oche error u is homoskedastic. Od.the OLS estimator is BLUE.DEPENDENT VARIABLE Qc R- SQUARE P- VALUE ON F 64 0.8093 0.0001 INDEPENDENTVARIABLE PARAMETER ESTIMATE STANDARD ERROR T-RATIO P-VALUE INTERCEPT 8.20 4.01 2.04 0.0461 PC -3.54 1.64 -2.16 0.0357 M 0.64287 0.19 3.38 0.0014 PA 0.7854 0.38 2.07 0.0439 4. At the 5% level of significance, which variables are statistically significant?
- What is the difference between univariate and multivariate analysis? Give an example for when a univariate analysis might be used and an example of when we use multivariate analysis.A multiple regression analysis produced the following output from Minitab.Regression Analysis: Y versus x and xPredictor Coef SE Coef T PConstant -0.0626 0.2034 -0.31 0.762x 1.1003 0.5441 2.02 0.058x -0.8960 0.5548 -1.61 0.124S = 0.179449 R-Sq = 89.0% R-Sq(adj) = 87.8%Analysis of VarianceSource DF SS MS F PRegression 2 4.7013 2.3506 73.00 0.000ResidualError18 0.5796 0.0322Total 20 5.2809These results indicate that____________In terms of econometric perspective, what are the assumptions or elements that you need to consider in developing the model for estimation.