Q: 5. The demand and supply curves for a firm's product are estimated to be: 20d 3- P Q, = 1+ 0.5P…
A: Answer;
Q: Which statement about income elasticity is correct? Question 10 options: Income elasticity is…
A:
Q: Which pair below are examples of automatic stabilisers? O taxes and welfare payments saving and…
A: When talking about automatic stabilizers, it can be said that these are the government programs or…
Q: QUESTION 13 Assume potential GDP is 4,000 and actual GDP is 3,000. If the consumption function is…
A: "When potential GDP is more than the actual GDP then there is a output gap which can be closed by…
Q: 19. What sequence of events results from a decrease in aggregate demand? PI, inventories Į, firms…
A: A decrease in aggregate demand leads to a result of sequence which is explained in the next step.
Q: You are given the following information for a producer of organic grommets in a perfectly…
A:
Q: give 10 economic issues
A: Economic issues refer to those problems which are faced by the entire economy due to some economic…
Q: A tariff-rate quota O a. displays either tariff-like or quota-like characteristics O b. tends to…
A: The tax that is being imposed by one country on the services and goods that are being imported from…
Q: 3. The world price of sugar is $.10 per lb., but import quotas raise the U.S. price to $.225 per lb.…
A: Tariff equivalence quota means refers the same impact and rise of price in he domestic country in…
Q: The following table shows expenditure components of GDP in billions of dollars for a. country during…
A: Use the below formula: GDP = C +I + G + NXC = ConsumptionI = InvestmentG = Government spendingNX =…
Q: Bedrock Real Estate wanted to produce a film showing that the clichéd downtrodden views of Detroit…
A: The aim of Bedrock Real Estate is to make Detroit residents feel proud of where they live.
Q: The regression equation to predict sales based on temperature is: Predicted sales = -2419.01+ 98.02…
A: Estimated regression equation is Predicted sales = -2419.01+ 98.02 (temperature)
Q: The first cost of an electric rebar bender is P355,000 and a salvage value of P50,000 at the end of…
A: Answers Given data PW = P355000 r=4.3% n=5
Q: (REAL-WORLD APPLICATION) You are NOT required to read the oligopoly chapter in the textbook, but you…
A: Introduction Suppose Austrian low cost industry consist of two firms. a) As per the game scenario,…
Q: The whole economy is composed of small units, and these small units transfer funds from one another.…
A: An economy is the place where people live and make economic activities to survive and earn income to…
Q: Which of the following points represents the profit-maximizing quantity and price of a monopolistic…
A: In a monopolistic competitive market there are large number of firms producing similar but not…
Q: 5. The money multiplier is equal to the reciprocal of the reserve requirement ratio. However,…
A: The answer is as follows:-
Q: 25. What will happen to the price and quantity of footballs as a result of an increase in the price…
A:
Q: 5. Suppose your father earned a salary of 15000$ in 2010. If the CPI is 31 in 2010 and 220 in 2022…
A: "Consumer price index CPI represents the average change in prices over time that consumers pay for a…
Q: Given Co = $ 125.00 C1 = 0.3 !! | = $6187.00 G = $5993.00 X = $2100.00 mo = $ 375.00 m1 = 0.1 %3D…
A: Answer: Given, C0 (autonomous consumption)=$125.00c1 marginal propensity to…
Q: What is the present value or price of a 10 year P20,000 annuity with an interest rate of 5% a.…
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
Q: Price rationing will happen whenever there is excess supply in a market. Select one: a. False b.…
A: Price rationing is a method of rationing in which limited quantities of good are allocated according…
Q: If you are traveling in China and you purchase a meal that costs 140 yuan and the current exchange…
A: Given: You are traveling in China, where the cost of meal = 140 yuan. Current Exchange rate = 7…
Q: An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be…
A: Cost=9000 Scrap value=1000
Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…
A:
Q: In Perfect Competition, all firms in a market O have the same revenue structure. O have the same…
A: In a perfectly competitive market, a large number of identical firm operates. Each perfectly…
Q: The slope of the AS curve reflects short-run versus long-run, wage flexibility, Classical versus…
A: The resources which are present with the economies around the globe are limited in nature, while the…
Q: QUESTION 8 Assume potential GDP is 3,500 and actual GDP is 3,050. If the consumption function is…
A: The consumption function shows the positive relationship between consumption and disposable income.…
Q: Use the concept of an economy-wide production possibilities to explain full employment output and…
A: Full employment in its entirety output is Pareto efficient. It means that the economy can't raise…
Q: recautionary balances are held when there is concern about decline in stock market. true or false?
A: as per Keynesian theory of money , money is demanded for three motives . and 3 motives are…
Q: Suppose the cost function for a firm is given by C(Q) = 100 + Q2. If the firm sells output in a…
A: A perfectly competitive firm is a price taker, which means it takes the price determined by market…
Q: In the IS/LM/BP model, which of the following statements is true? O Under a flexible exchange rate,…
A: The correct answer is given in the second step.
Q: Bill's income is $1,000 and his net taxes are $250. His disposable income is Select one: O a. $750 O…
A: After income taxes have been subtracted, disposable income, also known as disposable personal income…
Q: To pay off $75000000 worth of new construction bonds when they come due in 25 years, a water…
A: Working quarterly: Number of quaters (n) =25*4=100Rate of Interest (r) =6.44=1.6%Future Value (FV) =…
Q: Please answer fast please help
A: Fiscal policy means the government made their expenditure to construct the roads, infrastructure,…
Q: Jane requested a loan from a bank amounting to P405,630 to contin her small business. But she only…
A: Loan amount =P405,630 Amount received at the time of loan = 83.84% of the 405,630 Time to maturity…
Q: A particular product has a unit price that starts at $78 with a $0.1 discount for each unit…
A: The quantity that will maximize the savings will be obtained by equating revenue and costs for the…
Q: 9.16 You purchased a molding machine at a cost of $88,000. It has an estimated useful life of 12…
A:
Q: An electronics plant’s production function is Q = 5LK, where Q is its output rate, L is the amount…
A:
Q: 5 You are considering investing $4,000 at an interest rate of 5% compounded annually for five years,…
A: Answer: Option A: 4000 deposit for 5 years at 5% compounded annully D=4000 N=5 r=5% So total amount…
Q: . Draw the demand and supply curves. b. What is the equilibrium price and quantity in this market?…
A: In economics, equilibrium refers to a situation in which economic forces such as demand and supply…
Q: The three motives for holding money in the liquidity preference theory are related positively to…
A: Under liquidity preferences theory given by the keynes, There are three motives of money 1)…
Q: A tax on umbrellas will most likely Select one: a. fall mostly on the umbrella buyers rather…
A: Taxes are the mandatory payment obligations which are required to be fulfilled by firms or consumers…
Q: A man borrowed an amount of P684.255 to bank that offers an interest rate of 8.816% compounded…
A: Given Principle amount P=684.255 rate of interest r=0.08816 compounded continously time n=9 years
Q: Is each of the following statements true or false? In either case, briefly justify your answer. (a)…
A: Answer a. Economies of scale describe a condition in which the average cost reduces as the volume of…
Q: Which of the following defines a common resource? Select one: O a. They are excludable and…
A: Common resources are those resources which are common and everyone has equal right to use such…
Q: Consider a Cournot oligopoly with two firma, where the demand curves are given by P, = 100-Q,-20,…
A: Introduction We have given Cournot oligopoly demand functions of two firms. Marginal revenue of…
Q: Susan hires Joe to mow her grass every week for eight weeks. They agree on a price. Which kind of…
A: At a marketplace, the contract between two or more parties depends upon their written and oral…
Q: Julie complains about the extremenoise in the factory. This is one of hygiene factors according to…
A: When an individual is working as an employee in an organization, he has the right to have equal,…
Q: QUESTION TWO X limited is a company producing two products A and B. The Marketing Manager has the…
A: In the study of economics, elasticity is used for measuring the changes in quantity demanded of a…
Distinction between short-run and long-run equilibrium and factors affecting it?
Step by step
Solved in 2 steps
- Long-run: Assume you are examining the economy of India. Assume the Indian economy is initially in equilibrium. Suppose a war breaks out between India and neighboring Pakistan. What happens to Indian equilibrium if 500,000 Pakistanis immigrate to India in the span of a year? Analyze this strictly in the context of production. Group of answer choices real GDP rises, price level rises real GDP rises, price level falls real GDP falls, price level rises real GDP falls, price level fallsWhat is the LAW OF DIMINISHING RETURNS, and why is this law considered a short-run phenomenon?What are some examples to illustrate Henry Hazlitt's lesson that what is true in the short run may not be true in the long run?
- The basic difference between the short run and the long run is that?What is the difference between a feasible production plan in the short run and in the long run? Give an example of a real product and the major inputs necessary to produce the product and then a short run and long run production plan.(b) In a self-regulating economy “X”, labor supply is 40 million but labor demand is 10 million. What will happen in goods and service market simultaneously? Explain this situation with relevant graph. Based on your findings in a) is it denoting long run equilibrium? If not, will the economy be able to restore it? Explain with suitable graph.
