Multiple Choice 15. 10

Q: Economics do you think the demand for computers is likely to be elastic or inelastic? How about the…

A: Price elasticity of demand refers to the percentage change in quantity demanded with respect to the…

Q: Amit is using his money to buy assets like house , commercial land and machines . Write what is he…

A: Disposable Income: Disposable income is the income that remains after subtracting the taxes and this…

Q: Keynesia: Government expenditure 400 Exports 250 Autonomous imports 50 Autonomous consumption…

A:

Q: A person deposits a sum of $20,000 at the interest rate of 18% compounded annually for 10 years.…

A: Given information: Deposit amount = $20000 Interest rate = 18% Time period = 10 years

Q: In terms of econometric perspective, what are the assumptions or elements that  you need to consider…

A: As per the classical presumptions, the components of the unsettling influence vector ε are…

Q: In the year 2023, aggregate demand and aggregate supply in the fictional country of Gizmet are…

A: Aggregate Demand and Aggregate Supply  Consumer spending refers to the entire amount of demand for…

Q: Suppose the total cost function of a firm is given as: TC = 720 - 45Q + 20². Determine the average…

A: Total cost of production is the summation of fixed cost and variable cost . It is the monetary value…

Q: From January to February * January March February April May Slow fall 73 June O Gradual decrease O…

A: In this question we can observe the increase between 2 consecutive months with the following growth…

Q: Economics Complete the following table by selecting the redistributive philosophy that matches each…

A: Libertarianism:- A political theory known as libertarianism emphasizes independence as a fundamental…

Q: Scenario: The matrix shows the payoffs to two firms when they choose between two different…

A: Given, Payoff matrix of two firms:

Q: Which of the following is true for Firm 1?   Peach strictly dominates Apple.   Banana strictly…

A: Any strategy for a player which provides better payoffs to him in every scenario is said to be…

Q: Excel QM B 2. A corporation plans on building a maximum of 11 new stores in a large city. They will…

A: Examining the company's inventory and receivable accounts can help investors determine whether it is…

Q: If the fictitious country of Islandia puts all of its production resources into fish, it can produce…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Why is it necessary to consider farmers culture as an enabler in behavior change processes?

A: Farmers are very important citizens for one country as they are those part population who do very…

Q: people tend to spend more money when the economy experience a

A: The overall condition of the economy as it progresses through four stages in a cyclical manner is…

Q: B. The indifference curves shown below are for Ali whose income per month is $1400. Using the…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: In Maldonia in 2019, checkable deposits owned by individuals and businesses were $1,635 billion; M1…

A: Given the information: Checkable deposits = $1635 billion M1 = $2857 billion Currency held by…

Q: The Next four Questions Are Based On The Following Information: In a recent marketing experiment,…

A: In a recent marketing experiment, consumers were given one of four different types of dishwashing…

Q: 1. Calculate Consumer Price Index in each year using 1988 as base year and compute the CPI inflation…

A: Answer :-

Q: A small monopoly manufacturer of widgets has a constant marginal cost of $15. The demand for this…

A: In economics, the marginal cost of production is the change in total production cost that comes from…

Q: explain the economic health of Grenada base on the information below          Grenada gdp per…

A: Given: GDP per capita of Grenada from the year 2017 to 2019.

Q: Exhibit: Demand and Price Elasticity 2 Price 58 is price inelastic is price elastic has a slope of…

A: The given graph represents a downward sloping curve with the change in quantity demanded due to…

Q: During the COVID-19 pandemic, Canada as well as many countries experienced a recessionary phase.…

A: Given : During COVID-19 Pandemic, Canada as well as many countries experienced a recessionary phase.…

Q: Graph 1: Draw a production possibilities model with 4 points labeled A, B, C, D, one inside, two on,…

A: The curve that depicts combinations of goods that could be produced while making use of the same…

Q: A certain newly created company installed a 10,000kW electric generating plant at a cost of P430 per…

A: Given  Workings:- Cost of asset  = 10,000 KW * 430 P = P43,00,000   Life of asset = 15years Salvage…

Q: Production of good X creates positive externalities to all firms in Boulder. Free competitive…

A: Positive externality occurs when production or consumption creates external benefits to third party…

Q: The snowboard industry has the following labour supply is ES = 150 + 10w and labour demand is ED =…

A: Given that the labour supply, ES = 150 + 10w and the labour demand, ED = 350 -10w where the number…

Q: Nuku has an unemployment rate of 12%. There are 10,307 people who are working or have work. How many…

A: The working class contains those took part in manual-labor occupations or industrial work, who are…

Q: A company has sold 5000 units of 100 dinars its own product at a price of per unit. If you know that…

A: Given Information: Number of Units sold = 5000 Selling price of Each unit  = 100 dinars per unit…

Q: The diagram below show the demand and supply for organic chocolate bars, and t price and quantity…

A: Demand curve is negatively sloped that shows an inverse relationship between price and quantity…

Q: Which of the following arguments for limitations on trade is more controversial among economists?…

A: There is an extensive rundown of stresses over foreign exchange labor and products: feeling of dread…

Q: The following table lists several determinants of aggregate demand. Complete the table by indicating…

A: Aggregate demand is the total demand for final goods and services produced in an economy in a given…

Q: There are two cities located in Canada. One is called Vancouver and the other is Toronto. Assume…

A: Urban development in Canada in this period zeroed in on Montreal and Toronto, which were the two…

Q: "Senior citizens often pay lower prices and movie theaters and restaurants, because they get a…

A: Price discrimination is when the seller is charging different prices to different consumers for the…

Q: Which of the following would shift the SRAS curve to the right (ignoring any potential effect on…

A: Short-run aggregate supply:- The SRAS curve demonstrates that the amount of actual GDP which will be…

Q: Explain using general examples (exclude the German automotive industry) Michael Porter’s National…

A: To explain why certain domestic organizations are successful and competitive on a worldwide scale…

Q: The idea that taxes should be imposed to raise revenues but not change incentives is called a. the…

A: In a market, government imposes taxes in different ways according to the requirements of the market.

Q: Consider the competitive market for titanium. Assume that, regardless of how many firms are in the…

A: Marginal cost is the cost added by producing one more unit of output. Average total cost is the sum…

Q: A baseball player has signed a new 5-year contract that will pay him $3 Million in year 1,…

A: Given  Length of contract = 5 years so n =5  Yearly payment A = $3 million which increases by $0.5…

Q: 18-19. When Ed (elasticity of demand) is greater than Es (elasticity of supply), more tax incidence…

A: The split of a tax obligation between buyers and sellers is referred to in economics as a tax…

Q: 5. Explain, using an example, how policies aimed at increased GDP affect: a) Economic growth. b) A…

A: Answer: Demand-side policies that lead to an increase in GDP are expansionary fiscal policy and…

Q: True/False with explanation: Monopolist will never operate in the inelastic portion of the demand…

A: A Monopolist is a market form whereby there is only a single seller prevailing in the market. The…

Q: 6. Show the likely paths of monetary policy transmission process taking an example of interest rate…

A: Monetary Policy is designed by the Central Bank to control the flow of money into the economy. The…

Q: Industry demand is given by : P = 100-2Q The total cost for the individual firm of which there are…

A: cartel is the one of the characteristics in the oligopoly market , where they form cartel or cartel…

Q: Mike took clothes to the cleaners three times last month.​ First, he brought 2 shirts and 1  pair of…

A: According to the question, it is given that : Mike went to the clothes cleaners three times last…

Q: A certain manufacturer has determined that the weekly demand and supply functions for their product…

A: Equilibrium is achieved at a point where demand curve intersects supply curve. At this point…

Q: Problem 2 See the Table below. Wheat Vietnam 25 Mexico 40 Rice 80 20 Answer the following questions:…

A: The number given in table against the  two countries and crops  represent the labour hours required…

Q: Suppose 25-year-old Jennifer quit her job in the food service industry six weeks ago and has not…

A: labour force is incudes adult age population which are either unemployed or employed . So it is the…

Q: But what/how much is the arbitrage profit, can you please calculate and show the workings?

A: Arbitration refers to when the trader enjoys a profit due to price differences in two markets or…

Q: **You If the average level of nominal income in a country is $65,730 and the Consumer Price Index is…

A: Real income is income adjusted for inflation.