Make a speech about the advantages of having a 6-year term of national positions here in the Philippines. Make sure that you thoroughly explain and discuss weel your speech.

Q: Online travel agencies provides an affordable last-minute travel offers on airfare, accommodation,…

A: In the context of last-minute travel offers provided by online travel agencies, sunk costs refer to…

Q: The purchase of a used pick-up truck for $9,000 is being considered. Records for other vehicles show…

A: Annual cost of owning and operating the truck: Fuel cost = $990 Oil, tires, and repairs cost = $990…

Q: 1. Consider the situation of two firms in the same industry and operating in the same mar- ket. Firm…

A: Firm A controls 70% of the market share  Firm B controls 7% of the market share  Other 3 firms share…

Q: The governmental structure in which political authority resides in multiple governments below the…

A: In a federal system, power is shared between the central/national government and various subnational…

Q: Consider an economy which is divided into different sectors, each producing a differentiated…

A: Utility function (Ω): maxΩ=(wi-b)Liη,   η>0 subject to  Li=Li(wi) Production function is:…

Q: Suppose a firm has the following production function: Q(L, K) = 2K¹/2 L ¹/2 Recall that the isocost…

A: The production function is the mathematical relationship between output and inputs. It represents…

Q: Yungin always gets twice as much satisfaction from an extra burger as he does from an extra Boost…

A: A consumer is indifferent between any two combinations of two goods when it comes to making a choice…

Q: At the local fair, the carnival vendor sells both cotton candy and popcorn. When the price of a bag…

A: Cross-price elasticity of demand is an action utilized in economics to measure the responsiveness or…

Q: If the stock market booms, then O a. aggregate demand increases, which the Central Bank could offset…

A: The aggregate demand refers to the total demand in the economy at the different price level. The…

Q: The figure given below shows the Lorenz curves of two countries (Country A and Country B). Figure…

A: The Lorenz curve is a crucial tool for calculating and visualizing income inequality. It helps…

Q: = A monopoly sells its good in the US and Japanese markets. The American inverse demand function is…

A: Monopoly is the single firm in the market that has the power to price discriminate.

Q: Figure: Inflationary and Recessionary Gaps

A: The aggregate demand (AD) curve depicts the inverse relationship between the price level and…

Q: Use a graph of your choice to briefly illustrate the overall welfare effects of introducing an…

A: Import tariffs are one type of trade restriction that a govt imposes on its economy. It is usually…

Q: 7. The GDP Chain Price Index The following table contains data on the fictional country of…

A: The GDP chain price index measures the change in the prices of goods and services produced in an…

Q: g economic theories in depth. Discuss in at least four ways why the education of women is…

A: Development refers to a multidimensional process of positive social, economic, and political changes…

Q: share a current news article on international trade that supports the argument economists make in…

A: FTAs are agreements made between two or more nations to lower or remove trade obstacles. These trade…

Q: Question 4. The short run: from IS/LM to aggregate demand An economy is as follows Goods market:…

A: slc=5 MPC=0.72 G=20, T=18Financial market: ? = 18 ― 200? Money market: M=40 P=2

Q: Suppose that both Boeing and Airbus receive a subsidy of 30 units to invest. What is Boeing's payoff…

A: The Nash equilibrium refers to the best course of action provided the strategy of rival firms have…

Q: An extended rainy season has required many Northwest contractors to upgrade pumps and de-watering…

A: For alternative P1 Capital investment (FC)=8000 Annual expenses =7000 Life =5 years Salvage value…

Q: The development of exercise is not well seen. I can't get values mentioned, especially extraordinary…

A: I can understand, the calculations are quite cumberome if not comples

Q: Question 36 Consider the true costs of traveling from Tucson to San Diego by plane or train. Suppose…

A: In the field of economics rational decision-making refers to the method of evaluating the advantages…

Q: What is the absolute value of the price elasticity of demand for bus tickets using the simple…

A: The current price of the ticket is $0.77, at this price 588 rides have been taken. If the price of a…

Q: Suppose a firm has the following production function Q(L, K) = 2K¹/2 L¹/2 Recall that the isocost…

A: The optimal level in economics refers to the point at which a decision or action maximizes a certain…

Q: $40 O O $55 $60 O $120 $20

A: A deadweight loss, also known as an excess burden, refers to the loss of economic efficiency that…

Q: Select the better of two proposals based on B/C ratio with an interest rate of 8% per year and a…

A: The benefit/cost method ratio is an approach wherein the magnitude of the benefits (B) associated…

Q: The graph illustrates the demand for Blue Sky surf boards and the firm's marginal revenue. On the…

A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…

Q: Complete the following table by calculating the contribution to profit and overhead for each of the…

A: Fixed costs, in economics, are expenses that do not vary with changes in the level of production or…

Q: Consider an economy where the average citizen consumes only two goods, 400 cups of coffee at $3 each…

A: The percentage change in the general price level of goods and services over a specified period,…

Q: Suppose Amy is a cinephile and buys only movie tickets. Amy deposits $2,000 in a bank account that…

A: Suppose Amy only buys movie tickets.  Amy deposits $2000 in a bank account that pays an annual…

Q: Reconsider the previous question. Suppose 2 new price-competing firms enter the market. What will be…

A: Bertrand Duopoly model: This is an oligopoly model where 2 firms compete in the market. Here both…

Q: 1a) Jane and John have found a house, which owing to a depressed real estate market costs only…

A: Since you have posted multiple questions, we will provide the solution to only the first question as…

Q: . Martha has preferences represented by the utility function U(a,b) = ab/100, where "a" is the…

A: Utility function of Martha = a*b/100  Utility function of Bertha = 1000a2b2

Q: An example of a positive externality is: a) the profit made from the sale of electric vehicles b)…

A: Externality refers to the cost or benefit on a third party that is not directly involved in it . A…

Q: 1. Suppose Pepsi Cola, which includes Mt. Dew and several other sodas, purchased Coca-Cola & Coke’s…

A: A market is a place or a platform where buyers and sellers interact and exchange goods or services…

Q: Critically evaluate how happiness is related to economic development. Use Macroeconomics and…

A: Economic development refers to the sustained improvement of an economy's overall performance and the…

Q: Rachel is purchasing a new camera that costs $2000 . Rachel uses a credit card that has an APR of…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: The amount of education the typical person receives varies substantially among countries. Suppose…

A: According to the neoclassical model, or Solow growth model, economic growth cannot be produced by…

Q: 3. Explain the tools of government spending and tax policy as they relate to fiscal policy.

A: Government spending and tax policy are tools that can be adjusted to stimulate economic growth,…

Q: A small country’s demand curve is given by Q=36-2P and its supply curve is given by Q=4P-12. Assume…

A: Demand curve is the downward sloping curve. Supply curve is the upward sloping curve. Equilibrium is…

Q: Ex-Ante Real Interest Rate 8.0% 7.5% 7.0% 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5%…

A: Loanable Funds Market: In the market for loanable funds there are economic agents like governments,…

Q: Type of Equipment: Office furniture Purchase price = $2400 Useful life = 10 years Estimated salvage…

A: Double Declining Balance Method: This is the method of depreciating the asset and under this method,…

Q: In the above figure, if the labor market was perfectly competitive, the equilibrium wage rate will…

A: The perfectly competitive market decides the wage rate where the demand and supply for the labor are…

Q: What type of variable is Log GDP per capita?

A: GDP per capita - Gross Domestic Product it is a measure of the economic total output of a country.…

Q: Dollars Listen ABC KDE Quantity MC d) (A - B) times E units. ATC AVC MR The above graph shows cost…

A: To determine the profit-maximizing output level, we need information about the cost and revenue…

Q: Compare and critically evaluate the position of the neoclassical and Keynesian economics regarding…

A: Neoclassical economics basically argues that government budget deficits ought to be kept away from…

Q: b) What would be the highest price (premium) that she would be willing to pay for an insurance…

A: To determine the highest premium that Priyanka would be willing to pay for full insurance against…

Q: Quantity MO ATO 21. In an oligopolistic mark MARE profits and losses, but 20. Refer to the above…

A: In a monopolistic competition,  There exists a large number of buyers and sellers.  The firms…

Q: Purchasing power parity hypothesis postulates that nominal exchange rate growth (NER) in a country…

A: NERt=0.19+0.96πt-0.80πt*              (0.01) (0.24)      (0.10) R12=0.90SSR1=900

Q: 3. The channels through which monetary policy affects economic activity are called? A. Transmission…

A: Financial coverage refers to the actions and selections taken with the aid of a significant bank or…

Q: Age: 25 Status: Single, no children Gross Income: $54,000  401k investment: $4000 Residential…

A: Income tax is a type of tax imposed by governments on individuals, businesses, and other entities…