Is tipping a waiter 15% of the bill traditional,market or command in economics?

Q: Given the following equations: P = 450 - 50Qd Inverse Demand Qd = 9 - .02P Regular Demand P=50+50Qs…

A: The equilibrium is established where the demand and supply are equal. The consumer surplus is the…

Q: Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is…

A: Compound interest is the name for the interest on a credit or deposit that is re - assessed on both…

Q: gical change is pulation growth ub-Sahara er capita over

A: Solow model is an exogeneous hrowth model which means that in Solow model only the growth in short…

Q: For such a monopolistically competitive firm, the following total cost (TC) relation is true both in…

A: Monopolistically competitive When numerous businesses offer products that are similar but not…

Q: Choose all answers that are correct:  the marginal cost is the slope of the... a. The variable cost…

A: Marginal cost = Change in total cost / Change in quantity of output

Q: 1. What equal-annual-payment series is required in order to repay each given present amount? (a) Php…

A: The rate of interest that is actually generated on an investment or paid on a loan as a result of…

Q: What will the value of spending be if you had $1300 in savings and $2250 in income

A: Given,   Income (Y) = $2250Saving (S ) = $1300

Q: LIST 1 LIST 2 1) Inventory Approach I) 1911 2) Restatement of quantity theory II) 1936 3) Classical…

A: Inventory approach was given in the year 1950 by Baumol and Tobin. 1) - III) The restatement of…

Q: Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the…

A: The total monetary worth of all finished goods and services produced in a nation during a given time…

Q: Write a brief summary on Demand, Supply, and Equilibrium in Markets for Goods and Services. Note:…

A: The quantity of an item or service that customers are willing and able to acquire at each price is…

Q: Michael Wittry has been investing in his Roth IRA retirement account for 24 years. Five years ago,…

A: Here it is clear that there are two investments. To calculate the fraction of amount in respect to…

Q: ark your answer

A: Marginal propensity to consume (MPC) measures the change in consumption due to change in disposable…

Q: Asap What would the value of spending be if you had $1300 in savings and $2250 in income

A: Income is the money that an individual or organization receives in return for their services or…

Q: A bakery uses its resoruces to produce both cake and bread. When the price of bread rises, how does…

A: Here, it is given that a bakery uses all of its resources to produce cake and bakery, which implies…

Q: Answer it correctly please. Explain your answer. I will rate accordingly with multiple votes. Ty-ped…

A: Please find the answer below.   PRODUCTION FUNCTION: Production function expresses the relationship…

Q: Illustrate this in a graph using indifference curves and budget lines. Be sure to fully label the…

A:

Q: The market for cruises is at its market equilibrium when two events occur: cruise companies increase…

A: "Market is in equilibrium when market demand and market supply for a particular product intersect…

Q: A cable television company estimates that with x thousand subscribers, its monthly revenue and cost…

A: Break even points is the point where firm earn normal profit which is situation of neither profit…

Q: Is the market for computer chips concentrated (i.e, dominated by relatively few producers)? How can…

A: When smaller firms account for a large percentage of the total market, market concentration is used.…

Q: An economic consultant for Gumbcorp. recently provided the firm’s marketing manager with this…

A:

Q: . The price elasticity of hamburgers has been estimated at -1.20 for a wide range of prices. If…

A: Price elasticity is an economical concept used by the economist to analyze the change in quantity…

Q: The graph shows the market for smartphones .   On the graph, draw a point at the market equilibrium…

A: The intersection of demand and supply curve creates the equilibrium in the market which sets the…

Q: Neuratility of money means that an increase in the quantity of money Does not affect relative prices…

A: Classical economists believe that money is neutral and it does not affect the real economic…

Q: A positive demand shock and negative supply shock, then equilibrium quantity will 1.3 a) the answer…

A: Negative demand shock: A negative demand shock reduces aggregate demand in the economy because…

Q: List the components of GDP in the output (expenditures) approach.

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: What is the equation for the student's budget constraint? In your equation, use Q1 as the variable…

A: The opportunity cost = What is sacrificed / What is gained

Q: What is the new market equilibrium?

A:

Q: Consider the market for High-Definition television sets in an average town in America. a. Start in…

A: In the free market, price and quantity is determined by the intersection of demand and supply curve.…

Q: As a PMO officer, you are asked to do an evaluation for a natural gas pipeline right in the middle…

A: Given that; The pipeline must be finished in six months and has a length of 72 kilometers. At the…

Q: A consumer has the utility function u(x,y) = xy and the price of both x and y are $4 a unit. If the…

A: Given  Consumer utility function u(x,y)=xy            ..... (1) The price of good x is $4 and the…

Q: A new technology lowers the cost of producing a movie. Does this event change the quantity of movies…

A: Non-price factors cause a change in supply whereas quantity supplied is affected by changes in…

Q: The World Health Organization says that it is too costly to try to fully eradicate malaria. By using…

A: Production Possibility curve shows the two goods combinations which can be produced with the help of…

Q: 2-4. The land of Oz produces dreams (denoted by x) and wishes (denoted by y). The production…

A:

Q: Which one of the following statements is false? OA. A house and furniture are complements. O B.…

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Q: how to find the oppotunity cost if given the PPF equation => 9x^2 + y^2 = 81; which we must find the…

A: Introduction Production possibility curve shows all the production possibility of producing two…

Q: People will consistently sit through terrible movies at the theater instead of leaving early. This…

A: Sunk cost is the cost which cannot be recovered as ticket cost of the movie  in the case. Because if…

Q: Suppose that you are a consumption smoother. You expect to live for another 28 years. You just…

A: According to the permanent income hypothesis, people will spend money at a rate that is consistent…

Q: If $3000 invsted in a compound interest account for 4 years, amounts to $3612, what is the annual…

A: Given, P+I = A = 3612 P = 3000 n = time = 4 years Compound interest Rate = r = ??

Q: Market (inverse) demand for measles vaccine is given by P= 100-20. Market (inverse) supply for…

A: Given information is, Market (inverse) demand for measles vaccine is given by :- P=100−2Q. Market…

Q: The amount of P50,000 was deposited in the bank earning an interest of 7.5% compounded…

A: Given the following information: Amount deposited =  P50,000 Interest rate, r = 7.5% Semi-annually,r…

Q: How would the production possibilities curve be impacted? Group of answer choices The PPC would…

A: 1. As a result of this policy more students will be able to attend the college. The PPC would shift…

Q: Suppose the government wants to achieve a debris reduction of 30 pounds per month (that is, reduce…

A: Pollution prevention is any training that lessens, dispenses with, or forestalls contamination at…

Q: Draw the aggregate demand, short run aggregate supply and the long run aggregate supply.

A: Aggregate demand: It represents the total of all consumption-related demands for goods and services…

Q: This question examines the expenditures approach to calculating GDP. You will use data on different…

A: Gross domestic product(GDP) measures the money value of all final goods and services produced in an…

Q: e market for digital watches is at its market equilibrium. Now the cost of producing a digital watch…

A: The Equilibrium will occurs where the demand and supply for good are equal. The change in the demand…

Q: Check out the option asap

A: An increase in taxes decreases disposable income and aggregate demand and a decrease in taxes…

Q: Name and explain the main economic advantage of business combinations. Regarding business…

A: A business combination is an exchange wherein the acquirer gets control of another business.…

Q: In a competitive constant cost industry with identical firms and free entry, long run producer…

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

Q: Merlin builds tables that she will sell for $200 per table. Her fixed costs for building the table…

A: Note:- Dear learner you have posted multiple questions. As per our policy we have solved only first…

Q: 9. Gasoline prices plummet to less than $1.00/gallon. How will gas purchases probably be affected?

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

Hypothesis Testing

In statistics, there are two ways to calculate the sample data. One is descriptive statistics and the other is inferential statistics.  In descriptive statistics, all of the information is defined through graphs and charts. In inferential statistics, it allows one to test the hypothesis and it is always used to predict the data. Inferential statistics has two main areas: estimating parameters and hypothesis testing. A hypothesis is a statement about the unknown parameter of the population which we want to verify from the information available from the sample. The premise may or may not be true. The estimation of the whole population would be a reasonable way of deciding if the statistical hypothesis is valid. There are two types of hypotheses. They are null hypothesis and alternative hypothesis.