On the example of your interst precisely explain circular market flow including factor market and goods market

Q: Consider an economy with production function given by Y = AK0.5 10.5 where A is the total factor…

A: At optimum, marginal product of labor is equal to real wage rate. Marginal product of labor is the…

Q: How much will be the future worth of money after 12 months if the sum of Php35,000 is invested today…

A: The worth of a present asset at some point in the future based on an estimated rate of growth is…

Q: Draw a circular flow diagram. Identify the parts of the model that correspond to the flow of goods…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 subparts for you as…

Q: Suppose that the economy is characterized by the following behavioural equations: • C = 300+ 0.3 Yd…

A: Here we are given various components of the goods market and the money market. We will use the goods…

Q: Frank is a talented gardener who maintains a wonderful garden of flowers and vegetables at his…

A: economic profit and loss are measured as the difference between the revenue earned from selling the…

Q: When an industry's raw material costs increase, other things remaining the same, A) the supply…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: B E Demand C F ler the demand curve above. If area 0 ABC is smaller than area 0 DEF, we may conclude…

A: Demand curve shows a negative relationship between price and quantity. It slopes downward.…

Q: Gesky Industrial Products manufactures brushless blowers for boilers, food service equipment, kilns,…

A: The interest rate is the sum charged far beyond the principal sum by the bank from the borrower. As…

Q: 1. Which one of the following is not an element of strict liability? 4 A. Defective product OB. With…

A: According to strict liability, even if the defendant takes extraordinary precautions, she is…

Q: 9. True or False? In the production model we studied, TFP can be greater than 1. A. True B. False

A: Total factor productivity refers to the factor that measures productive efficiency in that it…

Q: Using the demand equation below, what can you conclude about the price elasticity of demand for the…

A: The demand curve shows the relationship among the price and the quantity demanded of items, ceteris…

Q: Question 1: Describe the incentive and sorting effects at Merrill Lynch and how changes to the…

A: Compensation: Compensation is money paid to a person in exchange for a service. In the workplace,…

Q: 2. An economist is interested in the variation of the price of a single product. It is observed that…

A: The equilibrium in the economic product model is calculated by equating the demand and supply…

Q: What is the role of government in an economy. Explain in detail.

A: The institution that a society uses to create and implement its public policies is referred to as…

Q: A 1997 freeze caused more than $300 million in damage to Florida crops. Prices of some vegetables…

A: The given graphs are showing the market equilibrium of goods . And price of good is determined by…

Q: What are 4 recommendation for a country to invest in the fourth industrial revolution

A: We know that businesses and stockholders needed to address the four primary challenges in the…

Q: 1. Compare the following 2 alternatives using the EUA method. The benefits are the same and can be…

A: Given information Alternative A: Manufacturing cost=$1500 Salvage value= $-200 N=4 Alternative B:…

Q: Anna sells a certain pair of earrings at her store for $50.62 per pair. Her overhead expenses are…

A: The final cost of a product, or the amount the consumer pays, is known as the selling price. In…

Q: Is the convergence of globalization and technology likely to produce more or less inequality? why?

A: Globalization refers to the integration of world economies. The goods, services, capital and human…

Q: Complete solution needed.thanks 1. Nominal rate: 5% compounded semi annually Effective rate bi…

A: Formula to calculate the effective interest rate: i=1+rmlm-1 Here l= length of time interval in…

Q: As the prices of homes rose across the United States in 2021, the number of homes offered for sale…

A: When talking about the law of demand and law of supply, it can be said that these laws explain the…

Q: the demand for sneakers is given by P=48+3Q I) what is the elasticity in moving from a quantity of…

A: The idea of elasticity is used to investigate how the quantity demanded or supplied changes as a…

Q: Determine the profit-maximizing LOADING... prices when a firm faces two markets where the inverse…

A: Elasticity is an economic idea used to measure the adjustment of the aggregate quantity demanded of…

Q: Suppose the following graph depicts the supply and demand for a good after a tax is imposed. How…

A: Equilibrium in the market occurs at the intersection of demand and supply curves.

Q: The following is a productivity schedule for two countries, Pura Cendana and Antah Berantah. (d) (e)…

A: Given  Productivity schedule for country Pura Cendana and Antah Berantah    Pura Cendana Antah…

Q: Assume the supply of money is fixed by the authorities. (i) Draw the money market diagram under this…

A: Introduction Money supply includes all money in the economy. It may include demand deposits, time…

Q: A decline in the price of factor A will: Select one; Increase the demand of for complimentary…

A: In economics, two items are deemed as substitutes if they can both meet the same need. Contrary to…

Q: uppose Carly’s current salary is $72,000 per year, and she is planning to retire 25 years from now.…

A: Current Salary = 72,000 n = 25 Increment in annual salary = 1800 each year r = 6% compounded daily

Q: 8. Which of the following is/are considered unemployment? A. A police officer left the old job and…

A: Unemployment is a chronic problem which occurs when some workers are unable to get jobs in the…

Q: he UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance…

A: Purchasing cost of a Communications Trainer =P250,000 Freight and insurance charges =P18,000 Broker…

Q: I need handwritten only with explanation   Which of the following does not have an immediate effect…

A: Price, the sum of money required to purchase a specific good. Price is also a measure of value…

Q: What is the total quantity produced when the firm employs 8 workers? ___ Units 2. What is the…

A: Total product is the summation of the all unit which are produced by using factor of Production. On…

Q: Over the past two years the world has been dealing with the global pandemic. To keep theeconomy…

A: IS-LM model is used to find the equilibrium income and interest rate in the economy.

Q: Draw a steep IS curve and shallow IS curve. Explain how differences in the assumed sensitivity of…

A: IS curve shows the different combination of rate of interest and national income at which the goods…

Q: Suppose that Warren Buffett's income were to increase by $100 million. How much more personal income…

A: The information being given is as follows:- The income of Warren Buffett raises by $100 million

Q: he aggregate demand for a cup of coffee in Chicago for each day is given by q = 4,000 - 500 p, where…

A: Given  The aggregate demand equation for a cup of coffee in Chicago  is q=4000-500p…

Q: If the Fed shifts to a more restrictive monetary policy, and it utilizes the open market operations…

A: In an economy, when fed uses more restrictive monetary policy, it implies that it is using…

Q: QUESTION TWO 2.1 Discuss the relationship that exists amongst the three short-run total cost curves.…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: 10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled…

A: Equilibrium refers to the point where demand curve intersect supply Curve

Q: The demand for pizza is given by Qp= 85 − 0.4P where Qp is the quantity demanded in slices and P is…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first 1,2 &3 question…

Q: Suppose that the full employment level of nominal GDP rises in one year from $16.8 to $18.0…

A: Gross domestic product (GDP) is estimated using the most current market prices to determine nominal…

Q: Elasticity - Example in class. P = 1.20, Q* = 4200. Move to P=1.60, Qd=3400, Qs=5000. What is the…

A:

Q: 1. Consider an economy described by the following equations; Y = C + I + G +NX Y = 5,000 G = 1,000 T…

A: The national savings rate is the Gross domestic product that is saved as opposed to spent in an…

Q: f the price level and the money wage rate rise by the same percentage, what happens to the quantity…

A: When there is an increase in the price level and the money wage rate to be unchanged, the real wage…

Q: An improvement in economic conditions would likely shift the supply curve down and to the right and…

A: A rise in supply causes a rightward shift of a supply curve; and a fall in supply causes a leftward…

Q: Question 35- 100 80 30 What is the deadweight loss of monopoly? 1275 1125 1500 O1000

A: Monopoly is where the only single firm exists.  There will always be a deadweight loss in case of…

Q: What is a turnover tax and what purpose did it serve in the Soviet economy?

A: The turnover of a business will be the gross amount of revenue recognized in its profit and loss…

Q: he market for Harvard hoodies in the campus store is in equilibrium. They currently sell 25 hoodies…

A: 1. Current Price of Hoodies : P=$50 Current demand of Hoodies : Q=25 Current Total Revenue : TR=P*Q…

Q: Use an ISLM model to analyze the effects of a money supply increase on the interest rate and GDP,…

A: IS-LM model analyse the equilibrium in the money market and goods market. The equilibrium is…

Q: An engineer borrowed P1,000,000 to start a business with an interest rate of 13% per year. The term…

A: Loan Amount = 1,000,000 r = 13%