Q: can you help me answer the highlighted questions please
A: The country exports steel which means that the world price will be higher than the domestic price an...
Q: 9. Nominal GDP increased from roughly $10 trillion in 2011 to $16 trillion in 2012. The GDP deflator...
A: Nominal GDP is measured using current value of goods and services whereas real GDP is measured using...
Q: What are the causes and impact of financial crisis 2007 – 08 on world economy with special reference...
A: The financial of 2007-08 started in US and rapidly stretched to European Union and later to other co...
Q: Lucy's company has just promoted her to a managerial position and given her a new office. She is ver...
A: The indifference curve shows the combination of points that provides the same level of utility to th...
Q: Explain how the long run differs from the short run in pure competition.
A: Pure competition is that form of market in which large numbers of firms are there producing homogene...
Q: Explain the concepts below. Repeated Game Strategy Mix Game Strategy
A: Strategy refers to the action plan in a game theory. It refers to the move that the player chooses t...
Q: Suppose that government decides to support the firms for their investments in research and the devel...
A: Investment in research and development leads to innovation and improvement in technology which helps...
Q: 1. Which of the following might increase product price from P3 to P5? a. An improvement in product...
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...
Q: 4. The longer a price ceiling is left below the equilibrium price in a market, the the reduction in ...
A: A price ceiling is the a maximum amount a seller is allowed to charge for the product or a service. ...
Q: 3. What is the difference between GDP and GNP? Give examples to explain. 4. Suppose that the informa...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: can you help me answer all questions in the attached image
A:
Q: Suppose (the numbers are loosely based on reality) that the tax on petrol is raised from 40 cents pe...
A: The tax on petrol increased by 20 percent and the total tax on petrol increased from 40 percent to 6...
Q: P= 25- 0.01 x price -demond equation and cost function, 4) Let and C(x)= 2x +9000 , be the re specti...
A: Given, p=25-0.01x c(x) = 2x+9000
Q: Solve this economic
A: Utility function, U(X,Y) = X0.75 * Y0.25, s.t. PxX +PYY = I MUx = 0.75(Y/X)0.25 MUy = 0.25(Y/...
Q: M applied for a life annuity of P600,000 at the local office of the Sun Life Assurance Co. in Manila...
A: After death if money was received then legal heirs will have to show the assurance paper in which ki...
Q: Define and calculate deadweight loss
A: Meaning of Deadweight Loss: The term deadweight loss refers to the situation under which there rem...
Q: Suppose that government decides to support the firms for their investments in research and the devel...
A: Research and development: It refers to the process in which the business or organization go for vari...
Q: Solve this economic
A: Given:Utility function and budget line is:U(X,Y)=X0.75*Y0.25s.t. PxX+PyY=I
Q: 8.
A: Willingness to pay is the maximum price at or below which a consumer will definitely buy one unit of...
Q: Show the effect of the following events on the market for chicken: The price of chicken increases. ...
A: Market: It refers to the place where goods and services are being sold by the producer and are being...
Q: The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $150; th...
A: Demand equation: - demand equation is the mathematical equation that shows the relationship between ...
Q: The bank then declared the whole obligation due, and proceeded to deduct the amount of one million p...
A: A bank deposit is an agreement of loan, where the depositor is the loan creditor and the bank's debt...
Q: macroeconomy question
A: 1. Option(c) is the correct answer. The point at which the FE line and the IS and LM curves intersec...
Q: Suppose you have inherited a few acres of landfrom a relative and you are considering what to dowith...
A: Every resource has alternative uses and since the resources are scarce, we have to make tradeoffs be...
Q: How is the price elasticity of supply calculated?Explain what it measures
A: Supply is the amount of output that producers or suppliers are willing to sell in the market at give...
Q: Explain the expansion path when it is an increasing return to scale using graph and numbers. What do...
A: To explain the expansion path when it is an increasing return to scale: When the production expands ...
Q: If you have the following table: Q Mux Muy 0 0 0 ...
A: Q MUX MUY TUX TUY 0 0 0 0 0 1 54 36 54 36 2 48 33 102 69 3 42 30 142 99 4 36 27 178 124 ...
Q: As a result of globalization and new information and communications technology, would you expect tha...
A: Meaning of Globalization: The term globalization refers to the situation under which there are two...
Q: Consider a production function in such a form: Q= f (K,L)= 3KL Calculate the elasticity of substitut...
A: Marginal rate of technical substitution = marginal productivity of labor/marginal productivity of ca...
Q: Discuss the pros and cons of sole, single, and multiple sourcing and the various risksassociated wit...
A: Risks: It refers to the possibility of happening anything terrible. It relates to the vulnerability ...
Q: Many schemes for price discrimination involvesome cost. For example, discount coupons take upthe tim...
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...
Q: If firms suddenly become more optimistic about theprofitability of investment and planned investment...
A: An economy is said to be in equilibrium at an output level where aggregate demand(AD) in the economy...
Q: How each of the real interest rate ad the nominal interest rate is determined and explain the relati...
A: Real rate of interest and nominal rate of interest.
Q: Which of the following would NOT change demand? * a)information about the p...
A: Demand is the willingness of consumers for consuming goods and services at given prices. Under ceter...
Q: Scenario: Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Fr...
A: 1)There are 2 budget lines in this example. Budget line trading with friday has the limit upto 20 co...
Q: Refer to the Figure below. What price will the monopolist charge in order to maximize profit?
A: A monopolist is a sole seller, who sells unique and exclusive products. There are high barriers to e...
Q: Economics Question
A: Dear student, You have asked multiple questions in a single post. I will answer one question for yo...
Q: 9. An increase in the demand for land will a. increase the price of land and increase the quantity o...
A: Demand and supply of Land: The supply of land for the economy as a whole is inelastic. The demand fo...
Q: The supply curve * a)always intersects the demand curve. ...
A: Option (b) is correct. Supply Curve represents quantity supplied at any given price.
Q: Why is mobile connectivity considered a disruptivetechnology?
A: Disruptive technology: It is an advancement that altogether adjusts how customers, ventures, or orga...
Q: List the six general types of information managementsystems, and give one logistics application for ...
A: Information management system are used to manage a large amount of information. There are various ty...
Q: What happens to deadweight loss as the number of firms in an oligopolisticmarket increases?
A: Deadweight loss refers to the social loss of the society that is borne by almost all the societies i...
Q: If regulators impose marginal-cost pricing on anatural monopoly, a possible problem is thata. consum...
A: In the case of natural monopoly, the average cost of firm is declining. When the average cost is dec...
Q: Why is a monopolist’s marginal revenue less thanthe price of its good? Can marginal revenue ever ben...
A: A monopoly refers to single seller in the market with no close substitutes for his products. This gi...
Q: If the money demand function is unstable and undergoes substantial, unpredictable changes, then the ...
A: Monetary policy is a policy which refers to the actions being undertaken by central bank of a nation...
Q: Consider the production functions shown here, which show the output of a bakery over time. Suppose t...
A: Production function shows input-output relationship that is creation of output by employing factors ...
Q: Q(A) Use the following information to show the producers equilibrium under the isoquant/ isocost app...
A: The producer's equilibrium refers to the point where the isoquant curve is tangent to the isocost li...
Q: Help
A: Rate of unemployment is the share of persons who do not have jobs. It is represented in the percenta...
Q: There are two firms that are considering entering a new market, and must make their decision without...
A: Break-even: At this point cost and income are equal.
Q: Q5. Construct the Fisher's "Ideal" weighted aggregative price index number for 2018 and 2019 from th...
A: Laspeyres Price index (P01) L: ∑p1q0 / ∑p0q0 × 100 Paasche Price index (P01) P : ∑p1q1 / ∑p0q1 × 100...
Why do you think gas prices rose in the recessions of the 1970s but fell after the Great Recession?
Step by step
Solved in 2 steps
- What happens when firms and workers underestimate future prices in the economy? Explain the answer while focusing on what would happen to actual output as opposed to the expected potential output.What caused the Great Recession of 2008 in the United States?Why might “belt-tightening” by consumers in a recession be unwelcome?
- How do you think a firm will be able to maximize their profits if the economy starts to go into a recession?Explain with reasons whether you expect the price of oil in 2050 to be higher, lower, or stable compared to its present value.What happens when firms and workers underestimate future prices in the economy. On what would happen to actual output as opposed to the expected potential output.
- What are the main factors affecting equilibrium in goods market (Demand and supply)? Explain both beneficial and adverse shocks.Suppose that an economy wants to boost available labor hours in order to increase aggregate supply. What is the best way to accomplish this?Define what economists mean when they use the word: “recession”?
