Let M be the quantity of money and i the interest rate in decimal form. Suppose that money demand is given by   M​ =100−20×​(1+​i)   and that money supply is M​ = 79.

Q: Suppose that in an attempt to boost the price of blueberries for its farmers, the government of Roni…

A: In a free market, price and quantity is determined by the forces of demand and supply. At the…

Q: A businessman invested P50,000 in a company that engages in the manufacture of hollow blocks. In…

A: The loss or any gain of an investment over a specific time period, stated as a percentage of the…

Q: The top table describes an economy's labor market and the bottom table describes its production…

A: When talking about potential GDP, it can be said that it is the output level in the long-run, where…

Q: The table shows the demand and supply schedules for sandwiches. Use the table to work Problems 1 to…

A: Quantity supplied The amount of a product that manufacturers are willing to provide at a specific…

Q: Samson entered into an agreement with "Lovey A & Handsome B Bank" whereby the former shall pay the…

A: When computing total interest on the principle, compounding is a process that is used in which the…

Q: What is a production possibility curve and explain points of efficiency, inefficiency, and not…

A: The production possibility curve shows the different combinations of two goods that can be produced…

Q: 1. If the GDP deflator was 100 in the base year of 2018, and 105 in 2020, we can say that a the…

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

Q: Consider a market in equilibrium. Suppose demand in this market increases. How will this affect…

A: Market is in equilibrium at the intersection of demand and supply curves where quantity demanded…

Q: 3. Suppose that the production function of an economy is given by Y = √N. The (representative) firm…

A: Production function : Y = N0.5 Utility function : log(C) + log(l) Demand for labor is derived by the…

Q: Total Revenue is: Select one: a) Accounting profit+Accounting Costs b) Prixe * Quantity c) All…

A: The money that remains after all explicit costs have been paid is reflected in the net income. It is…

Q: With regard to the issue of jobs in the global market, which of the following is correct? No answer…

A: Global market: Global marketing allows you to sell more products, attract more customers, and…

Q: Which of the following will increase the demand for rice, a normal good? O A decrease in the price…

A: Normal goods are those goods which has positive relationship between the income of the consumer and…

Q: Small railcar manufacturing machinery had an $180,000 initial cost and a $30,000 projected salvage…

A: Salvage value is the anticipated book value of an asset after depreciation is complete and is based…

Q: Explain advantages and disadvantages of Internal Trade

A: Trade refers to the exchange of goods and services taking place between the buyers and the sellers.…

Q: How does healthcare system in country affect economic development?

A: A health framework, medical care framework, or medical care framework is an association of…

Q: d. Identify and explain the most likely type of unemployment that resulted in an increase in the…

A: Unemployment  Once someone actively seeks a job but is unable to do so, this is referred to as being…

Q: emand-pull inflation arises due to Part 2 A. a higher price level. B. a decrease in the​…

A: The sustained or persistent rise in the general price level is known as inflation. The moderate…

Q: Describe the relationship among GDP, net domestic product, national income, personal income and…

A: Introduction  Gross Domestic Product or GDP shows the Market value of all final goods and services…

Q: Please refer to the following information to answer the question (in bold) below: • You have $400…

A: A budget constraint shows various combinations of two goods a consumer can purchase by spending all…

Q: what is a health economist & what do they do?

A: Health care economics deals with the effectiveness and financial efficiency of health and health…

Q: If real GDP increases from $100 billion to $105 billion, and the population increases from 100…

A:

Q: Explain the nature of individual and business decisions which drive the demand and supply of…

A: The law of supply and demand is a theory that attempts to explain the relationship between a…

Q: Demand Function: Qd=4,000−200p Supply function: Qs=100p−500    A president is presenting…

A: The per unit tax is imposed on the sellers (or producers). And hence it increase their marginal cost…

Q: A man purchased a house for P425,000.00. In the first month that he owned the house, he spent…

A: Selling price assigned to a good or service is generally assigned by the seller, which is the amount…

Q: 3. Why do economists focus on consumer and producer surplus and not on the possibility of consumer…

A: Consumer surplus is the difference between what the consumer expects to pay and what he actually…

Q: The market for concession tickets (C)! Consider the following simplified scenario. Imagine that the…

A: The demand function depicts the relationship between the price and quantity demanded. The slope of…

Q: determinants of demand are internal to the firm?

A: Demand refers to the amount of a good that consumers are willing and able to purchase at different…

Q: Ramoncito borrowed P100,000.00 on October 31, 2019 from Barboncito and the loan has an interest rate…

A: A loan usually refers to a sum of money obtained from a bank or another financial institution. The…

Q: How much money should be deposited each year for 12 years if you wish to withdraw Php 15,450 each…

A: An interest rate lets you know how high the cost of borrowing is, or high the rewards are for…

Q: Coase theorem encourages bargaining for externalities Select One: a) None of the answers is…

A: When the act of production or consumption affects the third party who is not involved in the process…

Q: In each of the following instances, determine whether demand is elastic, inelastic, or unit-elastic.…

A: Elasticity of demand with respect to price = (% change in quantity demanded / % change in price)  If…

Q: Assume the demand for shirts is Q, and the cost per shirt is $10. Now assume that there the firm…

A: The opportunity cost is time spent playing and that cash to spend on something different. A farmer…

Q: Think about a minor recession, like the one that occurred in 1990. (Hint: a minor recession could be…

A: According to Keynesian macroeconomic theory, the best way to deal with a downturn is to expand…

Q: Diego and Thuy had the same negative experience at a restaurant (slow service and cold food). Diego…

A: Behavioral economics is the study to show, how the psychological, emotional, cultural, and social…

Q: Samson entered into an agreement with "Lovey A & Handsome B Bank" whereby the former shall pay the…

A: Let Samson borrow the amount x today from "Lovey A & Handsome B Bank" and promise to pay 2x…

Q: The demand for the book is P = 82 - 3Q. A bookstore can order copies that will cost $2. If the…

A: A connection between the one variable and its determinants is described by a demand function. It…

Q: c) Now, suppose the inflation from 2012 to 2013 was 11.2%. Given that the CPI for this 155.3 in…

A: The Consumer Price Index measures the overall change in consumer prices based on a representative…

Q: Firms in a competitive market can sell as much as they like at a market price of $16. The cost…

A: In the perfectly competitive market firm is price taker only. Individual firm can not influence the…

Q: Recently, in Sunshine Town, the price of Twinkies (A Twinkie is an American snack cake, described as…

A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation…

Q: In macroeconomics, we imagine that there is one large labor market. What does that market determine?…

A: Introduction Market is a place or an environment where a buyer or customer can purchase the goods…

Q: 4. Graph the supply and demand curves and use the midpoint (averages) formula to calculate the…

A: Equilibrium price and quantity in the market is found out by the intersection of dd(demand) and…

Q: ected to spend at the end of each successive year until it is scrapped at the end of fourtee at sum…

A: The Present Value shows an amount of money at time 0 showing the discounted cash flows for the…

Q: You may need to use the appropriate appendix table or technology to answer this question. Shoppers…

A: The Poisson distribution is often used to approximate the binomial distribution when the sample size…

Q: Table 7-2 The only four producers in a market have the following costs: Seller Evan Selena Angie…

A: Producer Surplus is the difference between the actual price a producer receives and minimum price he…

Q: . A manufacturing company plans to place money in a new venture capital fund that currently returns…

A: Given  Nominal interest rate r=18% per year compounded daily  The formula for effective interest…

Q: 4. Discouraged workers Which of the following statements correctly describe discouraged workers? (If…

A: Some unemployment occurs when the economy is producing at a lower capacity than it is capable of.…

Q: What equal monthly payments will repay an original loan of $1,000 in sex months at a nominal rate of…

A: Given information Original loan amount=$1000 Nominal interest rate=6% Time =6 month

Q: explain the functions performed by financial intermediaries and how they can promote economic…

A: Financial intermediation is characterized as the cycle which had been done by the financial…

Q: Building. They want to maximize total revenue, but the number of jerseys available is a constraint.…

A: Cone center Demand : Pc = 240 - 6Qc Friday Building Demand : PF = 400 - 3QF At equilibrium: MRc =…

Q: Suppose that the demand curve for wheat is and the supply curve is Producer surplus Q=400-40p The…

A: Equation of demand curve: QD=400-40p          .........(1) Equation of supply curve QS=40P…