Just-in-time was inspired by observing: A Farm working harvesting crops B Sewers making garments An American supermarket Watching ant colony behaviors

Q: From the following demand and supply equation find the equilibrium price (ePx); Qdx= 30.1Px-270.8 an...

A: The equilibrium price is the only price where the plans of consumers and the plans of producers agre...

Q: Labor (workers) Output (frijoles) Total cost (dollars) 0 0 1,000 5 1000 3,000 10 3000 5,0...

A: ATC(average total cost) is found by dividing the TC(total cost) by Q(quantity).

Q: Which of the following is a tool of the Federal Reserve’s monetary policy?   Group of answer choic...

A: The policy through which the central bank of the nation takes action for influencing the amount of c...

Q: Suppose that this year, the money supply grows by 6%, velocity increases by 1%, and real GDP increas...

A: By definition, we assume that the growth rate of price level is the inflation rate. growth rate of t...

Q: A. Consider that you're the manager of a competitive firm, KKL INC. with the following short run cos...

A: In short run the firm will try to recover only Variable cost it means their price must equal to the ...

Q: Since a perfectly competitive firm can sell as much as it wishes at the market price, why can the fi...

A: Perfect competition is the market structure where there are large no of buyers and sellers selling h...

Q: Refer to the data in the table given below. Suppose that the present equilibrium price level and lev...

A:

Q: If the economy were encountering a severe recession, such as the Great Recession of 2007-2009 or the...

A: If the economy were encountering a severe recession, such as the Great Recession of 2007-2009 or the...

Q: In regards to minimum wage, should there be a national standard or should minimum wage be regulated ...

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: Question 1 Use Table 1 to calculate the following (show your calculations): 1. GDE for 2015. 2. GDE ...

A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...

Q: he market demand for a product is Q = 2500 – 400P - 0.11, where P i ne price per unit of a product, ...

A: The marginal revenue refers to the change in the total revenue one additional unit of output is sold...

Q: 12. If _____ is rising, it likely means that the economy is shrinking. A. consumer spending B. nomin...

A: GDP is the value of final goods and services produced in the economy within a given period of time  

Q: Circular flow of production process

A: Introduction Circular flow used to show how the economic activity works in an economy. There are two...

Q: Which of the following were effects of the consolidation of power in Japan under the Tokugawa dynast...

A: Basics:- Following were the effects of the consolidation of power in Japan under the Tokugawa dynast...

Q: 1) If investment spending depends on GDP, this is called induced investment? T/F 2) A change in ...

A: When a good is manufactured with the use of factors of production, cost  takes place for producing t...

Q: Suppose First National Bank holds $100 million in assets with an average duration of 4 years, and it...

A: Given duration of assets = 4 Duration of liabilities = 2 Change in interest rate = 4%    

Q: Question 4 Suppose there is a decrease in supply in a market where the supply curve slopes upwards a...

A: 4. When there is decrease in quantity supplied and the supply curve slopes upward with respect to pr...

Q: Assume a monopolist faces a market demand curve P = 100 - 2Q and has the short-run total cost functi...

A: since you have asked multiple questions and according to policy we can solve only 1 ques and for the...

Q: Lx Give Up? E Feedback Try Again Question 36 of 36 > O Attempt 1 The graph describes the market for ...

A: Answer: If the cost of sugar (an important input of chocolate) increases then the cost of production...

Q: A company in a perfectly competitive market produces an output level Q = 100 where marginal revenue ...

A: In perfectly competitive markets firms do not have any market power so they take the price as given....

Q: What are two scenarios where the opportunity cost of improving your math grade will decrease?

A: Opportunity Cost : Opportunity cost is the potential benefits one misses out on when choosing an alt...

Q: A Biomass Power Plant uses biodegradable wastes as fuel to produce electricity. The cost A dollars p...

A: Given Cost function: A=12+0.3B+0.27B2        ... (1) Where B is in megawatts Revenue function: R=15B...

Q: In both “Descent of Inanna” and “Winnebago Tales,” we have a hero held captive in a strange Otherwor...

A: I'll look at "the orphan kid who was abducted by the dreadful thunderbirds" and "the man who visited...

Q: Up Down 2 8 Stop Attack E 2 Resist Вack down -2 6.

A: Players: {1,2} Strategy 1: {UB, DB, UR, DR} Strategy 2: {A, S}    

Q: Unemployment due to mechanization of agriculture i:

A: To find : What is unemployment due to mechanization of agriculture 

Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...

A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...

Q: Which of the following is NOT an example of improper methods when conducting a cost-benefit analysis...

A: A cost-benefit analysis is a systematic process used by businesses to determine which decisions shou...

Q: Consider a first-price sealed-bid auction with a reserve price. A single indivisible object is to be...

A: *Hi there , as you have posted multiple sub parts . As per our guidelines we will only solve first t...

Q: Economic Recommendation for Ned and Larry’s Ice Cream Company about the Product Container Size   Ned...

A: Comparing the Capital investment for proposal (A) Quants and (B) Half-Gallons Proposal (B) has a sub...

Q: According to the logic of the investment demand curve in the IS model, which of the following statem...

A: The correct answer is given in the second step.

Q: Given the (inverse) demand function P = 337 - 19Q, at which value of Q is revenue maximized? Q = 9 Q...

A: Revenue is the product of price and quantity.Revenue = PQ 

Q: Which of the following is a FALSE statement regarding a Perfect Competition market?        There ar...

A: Characteristics of a Perfectly Competitive market: 1) Large number of buyers and sellers: There are ...

Q: Mobility of labour

A: To find : What is mobility of labour. 

Q: Energy expenditures are: Roughly 90% of the economy in much of the world including the US. Roughly 5...

A: Energy expenditure Energy expenditure refers to the amount of money used in the production of energy...

Q: Suppose you are given the following information: Q s = 100 + 3P Now suppose that a tax is placed on ...

A: When taxes imposed on buyers the demand curve shifts to the left and the new quantity sold is less t...

Q: Explain which manager is correct and who is offering the correct advice?

A:

Q: A manufacturing firm can sell x number of units of each product produced per month at a price of (24...

A: TR(TOTAL revenue) is the product of p(price) and x(quantity). TC(TOTAL cost) is the sum of fixed and...

Q: CIBC Bank publishes the annual report every year on the 2nd of April. the Bank is at hearing to the ...

A:   The company has to publish its annual financial reports every year as per regulatory requirements ...

Q: Assume a monopolist faces a market demand curve P = 100 - 2Q and has the short-run total cost functi...

A: Monopoly is a single firm in the market selling unique good. This gives monopoly the power to charge...

Q: Which of the following statements is FALSE? a.) Economists seek to apply the scientific method to s...

A: Economics is the study of that branch in social science which deals with the production and distribu...

Q: Suppose that many varieties of lettuce have been damaged in a particular season by disease. Only gre...

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

Q: A household of a wife and husband get utility from hours spent watching HBO (Z). To produce one unit...

A: Given,  

Q: A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants are given by M...

A: The marginal costs of the two plants are given by MC1 = 20 + 2Q1 MC2 = 10 + 5Q2 Since, Q = Q1 + Q2 I...

Q: Micropack producers would like to seek the advice of your Market Research company to advise and give...

A: Given information Demand function X= 35000-50P Ongoing cost=2000 that is fixed expense. Variable cos...

Q: A person's wealth is a stock; his income and expenditure are flows. • The number of people getting t...

A: Stock is that quantity of economic variable which is measured at a particular point in time.  Stock ...

Q: Question 39 Consider the table below. The addition of worker number when the firm first experiences ...

A: Change in the total product when one additional unit of input is used, is called the marginal produc...

Q: The production function for a product in given by q-10OK a merginal product functiore MP100K and MP1...

A: Firm will minimise cost at a point where marginal rate of Transformation is equal to the price ratio...

Q: The toble shown displays the marginal tax rates that correspond to each taxable income bracket for a...

A: First, let us calculate total taxes to be paid by both G and D. G's total taxes: First $10,000 @ 10%...

Q: A small company that shovels sidewalks and driveways has 100 homes signed up for its services this w...

A: We have been given that: Wages (w) = 100Rent (r) = 400 Three methods: Method 1: 50 of L + 10 of KMet...

Q: MC MB 25 50 75 100 Trucks (per day) i. What is the marginal benefit and marginal cost of producing 2...

A: An optimal level of production occurs at MB = MC. MB decrease as output increases MC increases as ou...