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A: 1)Final sale of $130,000 has been done. Therefore contribution to GDP would be $130,000. Therefore a...
Q: 1.To promote economic efficieny , government should. a) keep all prices as low as possible b) keep a...
A: 1)Prices cannot be kept very low or very high. Therefore for goods which are abundant,for those good...
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A: Due to the changing world, technology has become the integral part of the the child education system...
Q: a. Construct a percentage summary table for the types of entrées ordered.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: If demand function is given by P = 25 - Q and Total cost function TC = Q. Calculate firms price and ...
A: Under perfect competition profit maximization occurs when Price = Marginal cost
Q: 6) a. Given that f is a differentiable function of x, show that the following notation of elasticity...
A: We are going to use rules of differentiation to answer this question.
Q: ?
A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...
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A: When one player plays a randomized strategy and other players will not be able to increase their pay...
Q: What if there is no demand in need. For example, can we have No demand for a vaccine because we are ...
A: Demand is the total quantity of goods and services that the consumer is willing to buy at different ...
Q: 6. Best Buy sells Q units of áat-screen TVs each year. Best Buy executives also know that the price ...
A: Total revenue for a firm is the amount of money earned from its sales to the consumers. It is estima...
Q: Crowding our
A: Crowding out effect is the phenomenon that talks about the effect of the government participation in...
Q: A firm produces and sells a good for $95. To produce this good they purchased materials for $11, the...
A: Value added = Value of output - Intermediate consumption
Q: Suppose a good has a demand curve given by Q = 20 - 8P. What is the price elasticity of demand if th...
A: Demand curve = Q = 20 - 8P P = $2
Q: Suppose that C = a + bY, where C = consumption, a = consumption at zero income, b = slope, and Y = i...
A: Answer: Given, Consumption, C=a+bYWhere,C=consumptiona=consumption at zero incomeb=slopeY=income (a)...
Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...
A: The economies of scale arise when a firm produces a large quantity because as the production increas...
Q: Kindly assist on the above two questions. 1.There is an inverse relationship between inflation and u...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: Respond to the following in a minimum of 175 words: Discuss how competitive markets determine the w...
A: A competitive market is a market that includes the number of producers compete with each other to se...
Q: To calculate the percentage change in price, the midpoint formula divides the ____________ and then ...
A: As per midpoint method, Elasticity = (Change in Q / Average Q) / (Change in P / Average P) = [(New Q...
Q: What is probability?
A: Probability is the fraction of number of favorable outcomes to the total number of outcomes. The ran...
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A: Fiscal policy influences the Quantity of aggregate demand through changes in government spending and...
Q: Inverse market demand be rm: P = 39 – 0.009 Q; P is price and Q is output. Technology for producing ...
A: Given : Inverse market demand be the linear form: P=39— 0.009 Q
Q: topic : Types of input demand Question . You are interested in the own-price elasticity of demand ...
A: Answer: The demand for input is unconditional, it means the input (water) demand does not depend on ...
Q: Tell me about the market for vaccines. Who are the buyers and sellers? Again, what there is no virus...
A: Vaccines are also similar to the other products. They are produce and consumed when needed.
Q: An oligopoly is limited by what? Why must one oligopoly watch another closely?
A: Oligopoly is the form of market organization in which there are few sellers of a homogenous or diffe...
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A: A demand curve for a good shows the relationship (association) between the price of a good and its d...
Q: Input Product Product Product 14 7.0 15 24 32 39 7.5 8.0 12 3 4 8.0 10 5 7.8 45 7.5 50 7.1 Jaing the...
A: LABOR INPUT TOTAL PRODUCT MARGINAL PRODUCT AVERAGE PRODUCT 1 7 7 7.0 2 15 8 7.5 3 24 9 8.0 4...
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A: Mentioned here, a confined level of income = π-T which is not affected by how much he is earning or...
Q: "Status" is an example of value?
A: Status refers to the social symbol or rank of the goods as well as the human beings too. For example...
Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $5000 and the total...
A: Average fixed cost: It means the fixed cost per unit of output.
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Q: QUESTION 2 Consider the Production possibility frontier model. Efficiency means that the economy pro...
A:
Q: From the image provided, which option represents an increase in population which will change demand ...
A: An increase in population causes rise in demand.
Q: The labor force is comprised of a)the total number of working age people b) the total number of empl...
A: Labour force is also called labour pool.
Q: What are the planning of CPEC?
A: What are the plannings of CPEC? The long term plan has been revealed for Chian-Pakistan Economic Co...
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A: When the BPL is zero, the consumption(C) is equal to the wage(w) income after paying taxes at the ra...
Q: Which of the following would count as valid evidence against the efficient markets hypothesis? (a) S...
A: Efficient market hypothesis involves fluctuations in prices of stock market companies.
Q: 07. A possible explanation for a change in demand from D2 to D1 is a) a decrease in consum...
A: From D2 to D1 the demand curve shifts leftward.
Q: I do not understand how to answer this question can you please explain the question in a better reve...
A: A graph which depicts relationship between quantity demanded and price of a commodity is known as a ...
Q: If the mpc = 0.9, and Ip increases by $1,000 (meaning a change in Ip of $1000), then equilibrium inc...
A: Hi. Since there are multiple questions, we will solve only the first one.
Q: B) Find the revenue function and marginal revenue for a demand function of p= 2000 – 4x Find the mar...
A: Demand Function: A demand function shows the relationship between the quantity demanded and the valu...
Q: ABC Company produces 100 pendants per day. The total fixed cost for the plant is $6000 and the total...
A: Total fixed cost = $6000
Q: 12. Given that the U.S. government mandates the use of ethanol as a partial substitute for gasoline ...
A: There are number of factors that can shift a demand or supply curve. A change in demand or supply ca...
Q: Q7: If the inventory of raw materials at( 1/1) is 75,000, and the inventory of raw materials at (31/...
A: Given data, Opening stock of raw material = 75,000 dinars closing stock of raw material = 65,000 ...
Q: Consider a beekeeper. The beekeeper has the following production function where the input is the num...
A: (Note: Since the question has multiple parts, only first three have been solved). The following ta...
Q: How does division of labor improve standard of living?
A: ‘standard of living’ is the quality of life that a person is living. it depends on many factors, suc...
Q: At Edmonds Community College freshman need to take a 100 level Math and English plus optional Philos...
A: As In any quarter there has to be 8 less English sections than Math sections, assume sections of Eng...
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A: The demand and supply curves both are the functions of price and quantity. There are many factors th...
Q: Price of Strawberries (p) Quantity Demanded 45,000 37,000 26,000 20,000 15,000 10,000 10 20 30 40 50...
A: 1. Demand curve for strawberries. Answer: Hi! Thank you for the question, As per the honor code, we ...
Q: 2. Below is a market for health insurance, with 5 people. Their expected costs, risk premiums, and w...
A: At the given willingness to pay (WTP) of individuals, those will buy the insurance whose WTP is grea...
Q: 1.Compare the evolution of electronic commerce to other historic changes in economic organization, e...
A: 1)Electronic commerce developed to a greater extent after the invention of television. Therefore aft...
What is an economic variable?
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