No Plagiarism Please! How do improvements in technology and human capital influence productivity, economic growth, and standard of living within an economy?

Q: "Because it is good for individual households to increase their saving in the short run, it is…

A: Here we are talking about the short run where the economic growth is demand driven. And the demand…

Q: Justin inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may…

A: The time value of money refers to the concept that a sum of money is worth more now than the same…

Q: Will the rise of AV technologies create some jobs? What are possible AV-related new jobs?

A: Yes, the rise of AV technologies is likely to create new jobs in a variety of industries. For…

Q: Suppose the government imposes a price control at $1.50 per dose of the prescription drug. Think of…

A: Since government imposes price control at $1.50 per dose of prescription drug that means the market…

Q: ECONOMICS UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED.…

A: Fixed cost = 3,500,000 Maximum Capacity = 15,000 ice cream tubs per month Market Price = 500 per tub…

Q: 4. Use Word's Equation Editor to solve the general version of the perfect complements problem. In…

A: A consumer maximizes his or her utility function where the slope of theor indifference curve is…

Q: 10. Given that the U.S. government mandates the use of ethanol as a partial substitute for gasoline…

A:

Q: A company produces a single, high-volume product. One year its production volume was 780,000 units,…

A: Here, given information is: Production volume in a year: 780,000 units Fixed cost: Php 160 million…

Q: The federal government changes its bank regulations in a way that makes it cheaper and easier for…

A: Here, it is given that the changes in the bank regulations by federal government will make it easier…

Q: Question 20 options: --------------It is an attempt to create barriers to entry by gaining control…

A: International economics refers to the part of economics that is concerned with the effects on…

Q: construction. The contractor found 2 possible sources for the gravel with the following data:…

A: In economic matters, total cost (TC) is the base dollar cost of creating some amount of result. This…

Q: When making decisions about what safety systems should cars or airplanes, the estimated cost per…

A: Sustainable development is an organizing concept for meeting human development aims while also…

Q: Suppose that the Foreign country experiences positive news following the discovery of a valuable…

A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at…

Q: If nominal GDP was roughly $10,000 and the GDP deflator was 110 in 2016, real GDP is closest to a…

A: Real gross domestic product (real GDP), often referred to as constant-price GDP, inflation-corrected…

Q: 14. If interest is compounded at 20% per year, how long will it take for $50,000 t accumulate to…

A: Disclaimer: Since you asked multipart question, we are solving the 1st three subpart as per…

Q: Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021…

A: consumer price reflects the cost of living of the people, it shows how the prices of consumer goods…

Q: Suppose that the Foreign country experiences positive news following the discovery of a valuable…

A: Foreign currencies are demanded by domestic households, firms, and governments who wish to purchase…

Q: Calculate the total cost based on: Cost fixed = $90 Cost variable = $45

A: The whole cost incurred by a business to produce a specific level of production is known as the…

Q: a. Using this data, estimate the price elasticity of demand for Cannabis Indica. (Hint: you should…

A: Price Elasticity of demand is the respoinsiveness of quantity demanded with respect to the changes…

Q: If a firm produces nothing, which of the following costs will be zero? Select one: O a. variable…

A: Total cost is the summation of total fixed cost and Total variable cost. Total fixed cost are those…

Q: i need in words (not handwritten please) or also no pic Question 1  Suppose that the demand for toy…

A: Given  Demand equation for toy drums QD=300-5p           .... (1) Supply equation for toy drums…

Q: Increases in risky conduct as a result of efforts to make that behavior safer are referred to as…

A: Moral hazard refers to the potential that a party did not enter into a contract in good faith or…

Q: nstructions: Enter your responses as a whole number. Output per Month Missiles Houses Opportunity…

A: Opportunity cost The value or advantage forfeited by engaging in a specific activity in comparison…

Q: Which of the following is not a property of a firms cost curves? Select one: a. Marginal cost must…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…

Q: 2. Consider a Keynesian IS-LM model for national income: Y=C(Y-T)+1(r) +G L (r,Y)= M* Given: IS:…

A: The IS-LM model, which means "investment-savings" (IS) and "liquidity preference-money supply" (LM)…

Q: 6. A price-taker firm is currently producing 50 units of output at an average total cost of $3 per…

A: Perfect competition refers to a fictitious market structure. Despite the fact that perfect…

Q: The money supply in Leutonia is $5 billion, and the public holds no cash. The Leutonian Central Bank…

A: Money supply is related with the stock of money in the economy at a particular point of time.…

Q: What stereotypical messages did you learn as a child about people who do factory work and other…

A: I learned that factory workers and other forms of manual labor are less intelligent and less capable…

Q: The mercantilists argued that  a. Control of the money supply is the most important policy lever…

A: During the era of mercantilism, the global supply was finite. During that time, people majorly used…

Q: 2.31 A firm pays 5/12 of its labor force an hourly wage of $5, 1/3 of the labor force a wage of $6,…

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Q: Use the graph input tool to help you answer the following questions. You will not be graded on any…

A: Union wage is higher than equilibrium wage where number of workers supplied is equal to number of…

Q: Does the CPI’s use of a representative basket of goods imply that the CPI will accurately measure…

A: CPI is consumer price index , it measures the change in average price of the basket of goods. It…

Q: base year is 2020. GOOD QUANTITY (2020) PRICE (2020) QUANTITY (2021) PRICE (2021) RULER 1000 R3.00…

A: Nominal GDP refers to the value of goods taken at the current year's prices, which is achieved by…

Q: Part B GDP: Where and what is counted? For each of the following items, write one of the following…

A: GDP refers to the production of goods and services during an accounting year. The production in past…

Q: Briefly explain discuss the different types of unemployment and the different methods used to…

A: Unemployment: Unemployment refers to an economic situation in which people are capable, willing, and…

Q: Consider a monopolist facing a demand curve P = 100 - Q. The monopolist only has fixed cost of…

A: "A monopolist is a single seller of its product or service in the market. Monopolist is a price…

Q: how would scenarios A- Recession & B-Economic Boom affect the opportunity cost of going to college…

A: The opportunity cost of going to college vs. going to work immediately after high school would be…

Q: Suppose a relative has promised to give you $1,000 as a wedding gift the day you get engaged.…

A: The time value of money refers to the concept that a sum of money is worth more now than the same…

Q: Explain the three fundamental economic questions of What, How and for whom, stating clearly the…

A: Since you have asked multiple question, we will answer first question for you. If you want any…

Q: suppose > has an utilitiy represtantion prove transtive

A: Given utility representation is ≥ Let there be three bundles, bundle x, bundle y, and bundle z.…

Q: George has been selling 7,000 T-shirts per month for $7.00. When he increased the price to $9.00, he…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: Refer to Table 31. Suppose that you have a house that you rent out. If you keep the lawn maintained,…

A: A wage is payment made by an employer to an employee for work done in a specific period of time.…

Q: 4.2 million people make up a nation's population. The GNP is 6132 million dollars. The per capita…

A: Each nation chooses the regime of exchange rates that will be used for its respective currency. A…

Q: A borrowed amount worth 4,250 Pesos is to undergo an interest of 6% during May 1,2021 until November…

A: The formula for simple interest rate is given by: SI = (PTR)/100 where P is the principal, T is the…

Q: Money is O government bonds and stocks. any assets widely used and accepted as payment. bank…

A: The money is the center of the wheel of fortune. All economies are built on the exchange of money…

Q: 4. Does improvent in technologies cause higher real wages and lower unemployment rates.?

A: The unemployment rates would be the proportion of the unemployed to the total labor force times 100.…

Q: A town can produce one pound bags of raisins or bottles of wine. The table below displays the…

A: Production possibilities frontier shows different combinations of two goods that can be produced…

Q: Explain in detail how an improvement in the national identification system can reduce adverse…

A: Moral hazard is a situation where one party intentionally engage in risky activities knowing that it…

Q: Knowledge is an example of a Select one: O a. common resource. b. private good. c. public good. d.…

A: Four different classifications of goods in economics are private goods, public goods, common…

Q: Which of the following statements is not correct? Select one: O a. A gasoline tax is an imperfect…

A: The externalities could be positive or negative. Negative externalities are caused the external cost…