When the price is 6 the quantity demanded 2 and when the price 5 then quantity demanded 4, the price elasticity of demand would be,

Q: Suppose there are 2 goods, waffles and donuts (doughnuts, if you're fancy). Further suppose that it ...

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Q: The Kasibu Cooperative has invested a 145,000 new mechanical grading/sorter system which is project...

A: Given that, The Kasibu Cooperative has invested a 145,000 Revenue increase by 14,000 Number of perio...

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Q: Why agrarian reform and land reform are important to Filipino farmers

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Q: A new flood control project is expected to involve expenditures for periodic heavy mai nance as tabu...

A:  Equivalent annual cost is the estimated cost incurred per year of a machine. It is calculated by us...

Q: Q-5. Consider the following table showing quantity demanded by three individuals. Quantity Demanded ...

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

Q: What Is The Purpose Of A First Screen Analysis, And What Are Its Main Components in Entrepreneurship...

A: First screen analysis refers to the first outlook judgment pass to consider the feasibility of the b...

Q: What is the production possibilities frontier?    A. a map that shows areas of the world in which c...

A: Economics relates to the organization of money, business, and industry.  

Q: An economy, Delta exported goods worth $30 billion and services worth another $10 billion in 2020.  ...

A: Merchandise Trade deficit is measured by the difference of export and import of goods. Given by $(30...

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A: Max U = 4X0.5Y0.5  Px = 2 PY = 8 Budget (M) = 100 Budget Constraint : M = Px X + PY Y 100 = 2X + 8Y

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Q: Rational choice is made by comparing different incentives. is what you must give up to get what you ...

A: C is a choice that uses the available resources to best achieve the objective of the person in makin...

Q: The equations below show some macroeconomic information for the economy of Nightwing. All autonomous...

A: Given: C=94+0.90Y0T=26+0.13YI=140G=198.5XN=120-0.19Y

Q: ASSIGNMENT  Opportunity cost is all about making choices and how you adequately and effectively mana...

A: Introduction: Managerial economics is described as the discipline of economics concerned with the ap...

Q: Year Minimum wage CPI Minimum wage in 2020 $s 1949 $0.40 23.8 1968 $1.60 34.8 1995 $4.25 152.4 2020 ...

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A: A country is said to have comparative advantage in the production of a good if it can produce the go...

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A: First we solve the problem. Initially the firm faces budget constraint, 0.5L+0.5K=C.......(i) Produc...

Q: 47) The demand for good X has been estimated by Qxº = 6- 2Px + 5Py. Suppose that good X sells at $3 ...

A: Given: The demand for good X is: Qxd = 6 - 2Px + 5Py The good X sells at = $3 per unit The good Y se...

Q: True or False: Without engaging in international trade, Maldonia and Lamponia would not have been ab...

A: Here there are two countries Maldonia and Lamponia. Who's production possibility curve is as follows...

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Q: In Example 6.4, wheat is produced according to the production function: q = 100 (K0.5L0.5). Beginnin...

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Q: If there is 5% inflation this year and Joe the Consumer's wage rate also goes up by 5%, he will be n...

A: Inflation is a measure of the pace of rising costs of labor and products in an economy. Inflation ca...

Q: How is globalization changing the overall balance of power between states and citizens?

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Q: QUESTION 2 Suppose that an economy's production function is y-A/ 0.5g0.3N0.7, where Y is output, A i...

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Q: In the 1970s, it was fashionable among policymakers (and sometimes still is today) to use the Philli...

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Q: How is the PPF applicable to international trade?

A: How is the PPF applicable to international trade.  

Q: . Be sure to label all points. Suppose the domestic autarky relative price M/S=1 and autarky consump...

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Q: 1. Define microeconomics and macroeconomics.

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

Q: 1. Assume a daily production function for a firm is Q=min(3L, 4K) a. If L 100 and K = 100 what quant...

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Q: Which of the following is true of fixed costs?   a. Fixed costs can be changed, but it is extremel...

A: TC(total cost) consists of TFC(total variable cost) and TVC(total variable cost).

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Q: The figure below illustrates the effect of an increased rate of money supply growth at time period T...

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