John consumes apples a where x is the number of apples and 5 bananas. W his? 25 apples, 25 bananas O 20 apples, 20 banana O 30 apples, 5 bananas O 10 apples, 30 bananas O 15 apples, 15 bananas

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A: Marginal Rate of substitution is the volume of the good that a consumer is willing and able to…

Q: If the slope of a straight line is -3. and if Y (the variable on the vertical axis) decreases by 6,…

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Q: When two variables have a positive correlation, O a. if the x-variable decreases, the y-variable…

A: correlation means the relationship between two variable , there are 2 type of correlation 1)…

Q: QUESTION 8 Which of the following is correct? O B. When AP is rising MC is falling, and when AP is…

A: MP refers to the Marginal Product, MP of input, say labor is defined as the one extra output that a…

Q: J 4

A: The equilibrium price is the price that is charged at the price where the demand and supply are…

Q: If there are only two goods, apples and bikes produced in the economy; in 2015 total production of…

A: The cost of the basket is the total cost of products and services manufactured in an economy.

Q: 19-Which of the following depicts autocorrelation (serial correlation)?* O a. Cov(ut, us) = 0 for…

A: a. cov (ut,us) ≠ 0 for all t≠s

Q: Earnings of individuals and companies inside a country is part of the GDP. O a. even if they are…

A: GDP is the value of final goods and services produced in the country by citizens and non citizens.…

Q: Which of the following are the objectives of data tabulation? O To use space economically O To study…

A: In economics, data tabulation refers to presenting specific information in a systematic manner with…

Q: Title Suppose that Lynn enjoys coconut oil in her coffee. She has very particular preferences, and…

A: Given: Lynn spends on coffee and coconut oil = $12 The price of coconut oil is = $0.50 Price…

Q: Compensation of employees is the largest component of GDP when using the expenditure approach to…

A: Gross domestic product (GDP) is the total monetary or market value of all the finished goods and…

Q: Explain why convex preferences means that “averages are preferred to extremes.”

A: The convex preferences in the economy indicate that the consumers prefer the averages rather than…

Q: possible What limits a consumer's consumption choices? A consumer's consumption choices are limited…

A: Consumer can only buy a good which is affordable for him and lies within his budget.

Q: 15) The value of goods added to a firm's inventory in a certain year is treated as investment, since…

A: Gross domestic product is the market value of all goods and services produced in an economy in a…

Q: The value of final goods and services equals: Select one: O a. the sum of the value added by all…

A: GDP measures the final value of all goods and services produced in an economy during a given period…

Q: IF demand equation is Qdx=20+3M assume that the income of individuals are 30ORO. What will be the…

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Q: If the correlation between GDP and x is -0.75, we say x is O A. countercyclical. O B. procyclical. O…

A: In an economy, correlation refers to the measurement that provides information about the relation…

Q: Over the last few decades, Americans have chosen to cook less at home and eat more at restaurants.…

A: Gross domestic product is the value of final goods and services produced in the economy within a…

Q: Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread. Price…

A: Two Products i.e. Juice and Bread Income = 150 Price of Juice = 12 Price of Bread = 6

Q: ICLO 21 The GDP (gross domestic product) of country K in 2020 was 1,900,000.000,000 (Le. 1.90 unlion…

A: Here, GDP and population of country K is given and the per capita GDP can be computed with the given…

Q: QUESTION 7 Calculate the Multipler using the Information provided in the table: Year Multiplier GDP…

A: Since you have provided multiple questions, we will solve the first one for you. If you want any…

Q: Which of these statements is not true when we discuss GDP calculation? O a. GDP includes earnings of…

A: GDP refers to the sum of the value of goods and services produced in a country in a particular…

Q: Suppose that the representative consumers pref- erences change, in that his or her marginal rate of…

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Q: To calculate GDP using the value-added method, one would add up Select one: O a. the market value of…

A: Gross Domestic Product is the value of all the domestically produced goods and services. It…

Q: Question 6 If people develop a new liking for pastelitos and begin to favor pastelitos to a greater…

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

Q: The production of Mercedes Benz factory in Egypt is calculated with in: O a. Egypt's GNP b.…

A: Gross domestic product of a country is the sum of money value of goods and services produced in a…

Q: O Question 13 Ikrs of Leisre Income The above image will be used for questions 13-15. Point D is…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Evaluate $, z dz where y is the straight line path from z = 3 + i to z = 3 + 3i.

A: Introduction Here are one line of Z, we can say it Z0 = 3 +i and another is Z1 = 3 + 3i and here $…

Q: Camille is at the candy store with Grandma Mary, who offers to buy her $10 worth of candy. If…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: 9. In 2010 consumption (Ci) for selected countries was as follows Jordan 2.5 billion $, USA 100…

A: We have different consumptions and income combinations of different countries. We required sum of…

Q: b. Pričěš añd income remain unchanged O c. Price of apples increased, the price of oranges decreased…

A: Inflation is the pace of increment in costs throughout a fixed given timeframe. Inflation is…

Q: 2.5 2.0 1.5 1.0 0.5 1970 1980 1990 2000 Year Topic: Time-Series Graphs Skill: Analytical 10) In the…

A: The graph that represents the sequence of points of data that tend to occur in an order being…

Q: Suppose the economy is operating at point B. Achieving production at point F would require that the…

A: Point F lies outside the PPF, meaning that it can't be attained using existing resources. To reach…

Q: Which of the following statements are correct? Select one or more: O a. Government spending on goods…

A: GDP The Gross Domestic Product (GDP) basically refers to the sum of all the value added in a given…

Q: In the specific factors model, a 5% increase in the price of food accompanied by a 5% increase in…

A: If there is increase of equal proportion of price so that relative price (P1/P2) remains constant,…

Q: The random walk of consumption states that: A. consumption this year is not a good forecast of…

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

Q: A hypothesis is a statement that Identifies the connection Draws the relationship between O b. two…

A: Research is important for the development of theories. There are many types of research. Research is…

Q: 7. Solve the following maximization problem: max u(x1, x, ) = In(x, ) + x, X1, X2 s.t. 2x, +x,=10

A: Maximisation of utility is a scheme where individuals want to achieve the highest possible level of…

Q: If there are only two goods, apples and bikes produced in the economy in 2015 total production of…

A: Consumer price index = (cost of market basket in current year / cost of basket in base year)*100…

Q: Henry has $450 to spend on movies and concerts. Suppose the price of a movie ticket is $15 and the…

A: Given Information: Total money to spend on a movie and concert (M) = $450 Price of movie ticket (Px)…

Q: What was Crete's GDP? Select one: O a. $6839 O b. $6438 O c. $4623 O d. $5731 O . $6037

A: The measure that in turn depicts the final value of services and goods in an economy that are being…

Q: and Q Por guantity P for aice What is of this curve? (4,6). C2), (S,10) the algebraic farmela

A: Given data for supply curve:4, 8 1, 2 5, 10Given data for demand curve:0, 50 2, 40 4, 30 (6, 20) (8,…

Q: Henry has $450 to spend on movies and concerts. Suppose the price of a movie ticket is $15 and the…

A: Budget line refers to all the possible combinations of goods and services that can be purchased with…

Q: 10. Suppose in our model, lifespans increased due to a productivity in- crease. What would likely…

A: a.The change in the technology when leads to an increase in the lifespan as well as the amount of…

Q: Which of the following is a sign that an economy is in poor health? a) a prolonged decline in total…

A: the correct option is a A prolonged decline in total output A prolonged decline in total output…

Q: Many economists argue that real GDP is Select one: O a. not a good measure of economic well-being…

A: Many economists do not consider real GDP as a good measure of standard of living or wellbeing as GDP…

Q: 4. Given Y = C + I, + Go C = Co + bYa 1 = lo G = Go T = T, + tY %3D i) Using reduced form, find the…

A: Endogenous variables: The variables which is present within the model , if we consider examples of…

Q: 1. Gorgeousleny with an income of P150 would like to buy two goods. Let us say juice and bread.…

A: Given information Total income=P150 Two product= Juice and Bread Price of Juice =P12 Price of Bread=…

Q: Which are the three methods to handle the panel data model with fixed effects ? Also explain each…

A: Panel Data is defined as a dataset where the behavior of entities are observed over a given period…

Q: Suppose have the following information concerning income and equilibrium quantitle automobile…

A: The income elasticity of demand is the responsiveness of the amount demanded for a decent to an…