MUJ If the current bundle of food (f) and clothing (c) to be purchased by a consumer is such that Pf how should Рс 3. he/she adjust this bundle to maximize utility? Explain your answer briefly.

Q: Problem 4: Consider the two alternatives below and answer the questions: i. A high efficiency turbin...

A: Initial investment on high efficiency turbine=$10000000 Annual operating cost=$1500000 per year Init...

Q: The following is information for a perfectly price discriminating monopolist. Demand: P = 87 - 0.021...

A: Equilibrium quantity can be determined when; Price(P) = Marginal cost(MC)

Q: central bank can control directly either P a. The money supply; money demand. O b. The money supply;...

A: In the event that a country's economy were a human body, its heart would be the national bank. Also,...

Q: Question 3 The US and France each have 100 hours of Jabor to allocate between producing cheese and b...

A: Opportunity cost can be defined as the benefit that has been forgone of the next best alternative op...

Q: Q45 When a factory is operating at the level of output where its short-run average total cost is at ...

A: We know that Short-run average expense (SRATC/SRAC) approaches average fixed expenses in addition to...

Q: The Solow model with population growth predicts that a. total income and total capital grow at the ...

A: The Solow growth model is the economic way to express the nature of the economic variable, which con...

Q: Comparative statics in the steady-state: draw a new version of the graph from the previous question....

A: Solow model ensures steady growth in the long run period without any pitfalls. It is also known as t...

Q: Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at ...

A: Answer: Given,  

Q: A farmer is considering adopting a soil conservation practice that will raise his profits next year ...

A: In order to find the present value, we discount the future cash flows with respect to the interest r...

Q: A man deposits Php 6,000 in a strange bank that promises 1.5% simple growth interest for 'w' years. ...

A: Given: Amount deposited=Php 6000 Simple interest growth=1.5%  

Q: what models have the best explanatory power and explain why? Sectoral model Electoral model Societal...

A: The regression model can be written as : Y = a + b X + e Where Y = Dependent variable             a=...

Q: Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The dail...

A: Given:- MC of producing can=$1.2 MC=ATC After cartel formation, output will be divided equally May d...

Q: 4. Understanding different policy options to correct for negativeexternalities Carbon dioxide emissi...

A: Answer: The policy options that can correct negative externalities are given as: (1). Corrective tax...

Q: what assets are involved in quantitative easing?

A: Quantitative facilitating (QE) is a type of whimsical monetary policy wherein a central bank buys lo...

Q: Bank West's Balance Sheet Assets Cash $500 Deposits at Bank of Canada $700 Loans and Mortgages $1980...

A: The reserve ratio is the percentage of reservable liabilities that commercial banks must hold rather...

Q: are (3) defining differences between a Patent and a Provisional patent?

A: Provisional patent According to US patent law, a provisional application is a legal document filed w...

Q: 1. Suppose that the demand curve for a particular high-end designer purse in a medium-sized city is ...

A: The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It i...

Q: Question 7 The fact that in the USA, a municipal bond could have a lower yield compared to federal g...

A: In the US economy, there are different types of bonds exchanged by the people in the market based on...

Q: If Canadian Tire issues its own "money" and it becomes generally accepted by people in paying for go...

A: In the mentioned question we have to tell whether Canadian Tire who issued the money is which type o...

Q: On the following graph, use the black line (cross symbol) to indicate the domestic price of aluminum...

A: Given: The tariff imposed on aluminium=$100 per tonne

Q: Two drivers-Kevin and Maria-each drive up to a gas station. Before looking at the price, each places...

A: Elasticity gives the relationship between the responsiveness of price and quantity demanded. 

Q: What is meant by economies of scale and what is the importance of this concept to  economic growth?

A: Economies of scale can be achieved by various measures, basically it refers to anything that helps i...

Q: The AD curve is negatively sloped because a fall in the price level, with an unchanged money supply,...

A: Keynesian theory of money give the various motives for demand for money . as per Keynes  the demand ...

Q: Solve it correctly

A: Externality When some of the benefits or costs of producing or consuming a good or service fall on p...

Q: Alex decided to stop watching squirrels and open a squirrel pet store. She took $100,000 out of her ...

A: Given:Total revenue=40,000Implicit cost=Interest on savingsImplicit cost=100,000×20%Impicit cost=20,...

Q: Ceteris paribus, if real GDP falls, there will be... O a. A decrease in transactions demand for mone...

A: The measure that depicts the value of goods and services being produced in an economy during a given...

Q: A firm has 60,000 shares whose current price is $62.57. These shareholders expect a return of 14%. T...

A: Total shares = 60,000 Price of share = $62.57 Return = 14% The firm has a 3-year loan of $1,900,000 ...

Q: The Code argued that "the law of nations and of nature" had never recognized slavery and knew "no di...

A: If we consider the American economy then there is so much discrimination happened on the basis of co...

Q: The population in country C decreases, due to a lower birth rate. At the same time, there is an incr...

A: The question is based on the demand and supply side of the vegetable market. Price and quantity are ...

Q: Which creates the most difficult combination of economic problems for a monetary policymaker to addr...

A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...

Q: 1. On the graph below, show a price ceilling at $3. a. Illustrate and identify the resulting XS supp...

A: "As per the guidelines answer is given to the first question" 1) "Price ceiling is a limit on price ...

Q: You are Lori Lightfoot. The city needs money.  You are contemplating 2 sources of revenue:  levying ...

A: Price elasticity of demand measure the responsiveness of an adjustment of the price of a product on ...

Q: In the neoclassical growth model, a ceteris paribus decrease in the population eventually results in...

A: GDP is the sum of all activities happening in the economy. So if population will increase demand for...

Q: Sarah, Alicia, and Philip all lost their jobs when the technology start-up they worked for was acqui...

A: Concepts: Labor force: Labor force is consist of employed workers as well as unemployed workers who...

Q: There are only two brands of tennis balls Tom purchases: "Wilson" and "Penn." The more he purchases ...

A: Here, Tom purchases two types of balls that are "Wilson" and "Penn." Tom can maximize his utility by...

Q: 2. Imports and Exports Now we allow for international trade. Use the following information from prob...

A: Given  C=400+89DI        ... (1) I=300 G=800 T=0.5Y X=300 M=19×Y            .... (2)  

Q: Vork (Ch 10) 2. Efficiency in the presence of externalities Cars impose 'many external costs on soci...

A: The correct answer is given in the second step.

Q: What are the ways in which a government policymaker can try to raise the growth in living standard...

A: The legislation, executive, and judicial are the three branches of government that govern an organiz...

Q: If the Bank of Canada announces its target for the overnight raté at 2.5 percent, nen he bank rate i...

A: The overnight rate is the interest rate at which commercial banks borrow and lend to each other in t...

Q: when studying the in formation related to Al- Kufa factory itis explained that selling price for one...

A: Price = 200 Variable Cost = 150 Fixed Cost = 48 million = 48000000 TC = 150Q + 48000000 TR = 200Q So...

Q: SCENA RIO 1: Assume that your family's budget is only P200 a day. Figure out with the help of your m...

A: If the family income is P200 per day, their monthly income should be around P6000. a) They can buy t...

Q: Q3. Consider the following two-stage game: Stage 1: Player 1 moves first to choose either L or R. St...

A: Given game

Q: (Figure: The Production Possibility Frontiers for Kansas and Wisconsin) Use Figure: The Production P...

A: A production–possibility frontier (PPF), production possibility curve (PPC), production possibility ...

Q: narket. arket. arket. arket.

A: The buying of stocks, or corporate or government bonds is a way to invest in the capital markets. 

Q: Consumer Price Index Year Index 2XXX   66.0 3XXX   64.6 4XXX   64.6 5XXX   65.3 6XXX   66.4 7XXX   6...

A: Given: Consumer Price Index Year Index 2XXX   66.0 3XXX   64.6 4XXX   64.6 5XXX   65.3 ...

Q: The following graph depicts the daily labour supply curve for Jake, a worker in the construction ind...

A: Upward sloping labor supply curve for jake shows that there is a positive relationship between the w...

Q: Explain / Define the terms? a) Marginal utility b) Price c) Supply

A:

Q: 2. What is the maximum amount you would pay for an asset that generates an income of P550,000 at the...

A: Opportunity cost means the sacrifice of a person while choosing an alternative.  

Q: Question: a) :What is the importance of capital? b): How many types are in the division of labour?

A: Answer is given: The importance of capital is given as: