Q: QUESTION 22 Price if no tax- P If we introduce a tax in this example, who will pay a lower share of…
A: Tax burden fall more on consumers if the demand curve in inelastic. And The tax burden falls more…
Q: What do you understand by externalities? Why do they have to be addressed for sustaining economic…
A: An Externality is defined as a Cost or a Benefit which may be caused by a certain producer but is…
Q: Isabella and Antonio are auto mechanics. Isabella takes 4 hours to replace a clutch and 2 hours to…
A: Opportunity cost is the decrease in production of one good needed to produce more units of the other…
Q: Suppose you have the following data: X Y 3 9 7 45 5 25 2 8 Using OLS methods: estimate the…
A: To estimate the model we can use STATA 1. generate square root of y by command : sqrt(y) 2. run the…
Q: A company intended to sell a high end refrigerator which included French doors, external water and…
A: Business liability insurance insures companies against losses they incur as part of their business…
Q: Money is an example of: 14 O Land O labor O physical capital None of the above.
A: Factors of production are the resources used used to produce final goods. Factors of productions…
Q: Write the 4 Formulas for Uniform Annuity Series Find F/A Find P/A Find A/P Fina A/F P (Present…
A: Present value refers to the current value of a future sum of money or stream of cash flows given a…
Q: Calculate missing amounts. LO 3), AN E1-9 Here are incomplete financial statements for Donavan, Inc.…
A: Net income refers to the amount an individual or business makes after deducting costs, allowances…
Q: Depict this situation in a graph What happens to steady state level of capital per capita in…
A: The steady state level is reached where the per capita variables no longer change. The depreciation…
Q: 1 Consider the two investments listed below with possible outcomes and probabilities: INVESTMENT (in…
A: Expected value formula: E(x)=∑xip(xi) The formula for standard deviation:…
Q: QUESTION 10 Which pair of products are more likely to have a positive cross-price elasticity of…
A: The products having positive cross price elasticity are the ones that are complements to each other…
Q: What is individual Marginal Propensity to Consume and Marginal Propensity to Save?
A: Individual Marginal Propensity to Consume is the change in consumption due to the change in the…
Q: 3. Consider the following demand and supply functions and solve for equilibrium price and quantity:…
A: When forces in the market are in a condition of equilibrium, they are stable and have no plans to…
Q: Compute for the effective quarter interest rate if nominal rate is 2.69% compounded semi-annual.
A: An effective annual interest rate is the real return from a bank account or any premium-paying…
Q: Alternative A ABCDE Initial Investment, Alternative $ -25,000 -35,000 -40,000 -60,000 -75,000 9.6…
A: An alternative is economically viable if its individual rate to return (ROR) is greater than MARR.…
Q: 40. What is correct about the difference between economic costs and accounting costs о Economic…
A: Accounting profit is the difference between the revenue and cost. While , Economic profit is the…
Q: between the U.S. dollar and the Polish zloty is the number of dollars required to buy a single…
A: The _ between the U.S dollar and the polish zloty is the number of dollars required to buy a single…
Q: uppose in 1981 the retail price of a VCR at Sears was $1, 389.88. What would be he cost of that VCR…
A: The Consumer Price Index refers to an index that measures the overall change in buyer prices based…
Q: Frank Furter loves his hot dogs served in the slit of a partially sliced bun. Suppose he gets no…
A: Complementary goods are those that may or must be used in relation with one another to satisfy a…
Q: Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.…
A: Fixed costs are the cost which don't change with the increase in production. marginal cost are the…
Q: How has olive oil impacted the economy?
A: Economy An economy is a region where products and services are produced, distributed, traded, and…
Q: The price of salmon is on an upward trend. Demand for the fish is growing as consumers worldwide…
A: Supply has a functional relationship with the price of the product. As per the law of supply when…
Q: A sum of P5,000 is invested now and left for eight years, at which time the principal is withdrawn.…
A: Introduction: It is given that P5000 was invested for the period of 8 years and in the 8th year, the…
Q: 4. Consider a community with 80 vacant parcels. The value of developed parcels can be represented by…
A: Profits: It refers to the excess amount of revenue. The change in the level of profit will increase…
Q: Suppose Walmart has announced plans to seek approval from the planning commission of a small town to…
A: Planning: It refers to the process under which the firms make a blueprint of all the things that…
Q: Explain why the own-price elasticity is a pure number with no units and is negative.
A: Own price elasticity of demand : e = ∆QQ∆PP = ∆Q∆P*PQ Here the change in price (∆P) is…
Q: 2 Consider the two investments listed below with possible outcomes and probabilities: INVESTMENT (in…
A: It is given that: U = x2 x is the Investment outcomes Also,
Q: Compute for the effective interest rate every 3 months Nominal rate = 17.02% compounded…
A: An interest rate takes 2 types: nominal interest rate and effective interest rate. The nominal…
Q: QUESTION 15 Which of the following is likely to have the most price inelastic demand? Coffee. Cars.…
A: Price elasticity of demand refers to the percentage change in quantity demanded due to a percentage…
Q: 8. Suppose a multiproduct monopolist faces the following demand functions: P₁ = 55-Y₁-Y₂ P₂ =…
A:
Q: Find the future value and total interest of the annuity. (Round to the nearest cent as needed.)…
A: The measure that determines the value of the asset currently at a date in the future based on its…
Q: An economist believes that price, x, (in dollars) is the biggest factor affecting quantity sold, y.…
A: Correlation shows the relation between 2 variables. Correlation can be negative and positive. If the…
Q: QUESTION 13 Use the following figure to answer this question Per cent 1960 1965 fred.stlouisfed.org…
A: Full Employment: Economy is at its full employment when natural rate of unemployment is equal to…
Q: he demand for sneakers is given by: ?=48+3? i. What is the elasticity in moving from a quantity of…
A: Quantity demanded In economics, the word "quantity demanded" refers to the overall amount of a…
Q: Determine the ordinary simple interest on a 8 years loan of $ 205262 at 13.05%
A: Simple interest can be contemplated as two groups when the time is considered in terms of days. They…
Q: QUESTION 1 The following equations represent the annual quantity demanded (Qd) and quantity supplied…
A: Given that, Quantity demanded: Qd = 50,000 - 1000P Quantity Supplied: Qs = 10,000 + 3000P Here, P is…
Q: The premium of health insurance consists of these two factors: 1.Expected payment to health care…
A: The Health Insurance Premium is the amount of money needed to pay periodically to an insurer in…
Q: is four The price of Salternative, a salt substitute, falls and we find that the substitution effect…
A: Given The price of Salternative falls so the substitution effect is 4 and the income effect is 5…
Q: DER for USA of Commodities Wheat Bushel & Cloth Yards is 12W = 8C DER for UK of Commodities Wheat…
A: Comparative advantage refers to the ability to produce goods and services at a lower opportunity…
Q: QUESTION 16 If frozen food is an inferior good then an increase in income causes an increase in…
A: The given good is inferior, this are the goods those who have negatively related with the income of…
Q: If a demand curve is downward sloping, it must represent demand for a normal good. (Inferior goods…
A: In economics the demand curve refers to a graphic representation on a relationship among the item's…
Q: 16. Determine the exact simple interest on a 226-day loan of $ 3439.43 at 10%. 17. Compute for the…
A: Disclaimer- “Since you have asked multiple questions, we will solve the first questions for you as…
Q: #15 If Apple increases production of iPhones from 100 to 200, what is the opportunity cost? 100…
A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows how…
Q: A firm has the following revenue and cost functions. TR = 90 Q – Q2 TC…
A: TR = 90 Q – Q2 TC = 2Q 2+ 30 Q
Q: What do you understand by social security? What do you understand by the “pension crisis” and how…
A: The government offers financial aid that is in the form of social security to the general populace.…
Q: Between 2008 and 2016, Russia's real GDP increased by6.7%, its labor force grew by0.5%, and its…
A: Growth Accounting shows the contribution of different factors towards the growth rate of economy.…
Q: how Raising the $2.13-an-hour floor for tipped employees would put waiters out of work without…
A: The tipped employee are those that are involved in an occupation wherein the customarily and…
Q: In the case of the ozone regulation, economic analysis suggest that the total benefits (damages…
A: Cost-benefit analysis is a method of analyzing a given project's usefulness by comparing both sides…
Q: Ryan, a consumer electronics salesperson, eams a base salary of $900 per month and a commission of…
A: The sale is the total the sold out item or product. The sale maximization is the main objective of…
Q: Suppose the market for a product is given by the following S+D functions. price 100 80 60 40 20 20 6…
A: Taxes lower the value of transactions for both buyers and sellers because the buyer has to pay a…
“Market forces should be allowed to allocate resources”. Is this a positive or normative
statement?
Step by step
Solved in 2 steps
