On the same graph paper, draw the Supply Curve for the Supply Schedule below, after Anton discovered a faster way to shampoo hair. Anton's Barber Shop New Supply Schedule Price per Haircut Quantity of Haircuts Supplied per day $6 30 $8 40 $10 50 $12 60 $14 70 $16 80

Q: Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017. ...

A:  For 2016,Nominal GDP=Consumption+Investment+Government Spending+(Export-Import)Nominal GDP=$12,800+...

Q: A consumer has income of $3,000. Wine costs $3 per glass, and cheese costs $6 per pound. Make a grap...

A: Budget constraint is the boundary of the opportunity set-all plausible combinations of goods a consu...

Q: questions to determine if Olivia is making the best decision. a) Who has the absolute advantage in d...

A:

Q: PartE On the attached graph paper, draw the Supply Curve for the Supply Schedule below. Anton's Barb...

A: The supply curve depicts the producers' point of view, in which the amount they will sell is determi...

Q: 3. The second glass of lemonade gives lesser satisfaction to a thirsty biy, this is a clear case of ...

A: To find : Above case is example of which case. 

Q: For your 21st birthday, your grandfather offers you a gift of $1,000 today. However, you have the ch...

A:

Q: Can a debtor be put in delay and consequently, incur liability even without demand from creditor? ex...

A: Debtor:- A debtor can be explained as a legal person that promises to repay any amount to another. A...

Q: A monopolist serves a market with five potential buyers, each of whom would buy at most one piece of...

A: Since you have posted a question with multiple sub parts, we will solve first three sub-parts for yo...

Q: 1. A business is generating $100,000 per year for the next ten years except year 5 (used for overhau...

A: Given: Income per year except Year 5=$100000  Interest rate=10%  

Q: GDP may be defined as: Group of answer choices 1.the final monetary value of all goods and services ...

A: The monetary value of an asset or service is the amount that would be paid in cash if it were sold t...

Q: In case of inferior goods, the income elasticity is

A: To find : What will be income elasticity in case of inferior goods. 

Q: Exchange Rate Determination - Short v. Long Run The nominal money demand for the US is given by the ...

A: Given information Interest rate in US=5.263% Interest rate in Eurozone=3% Expected exchange rate=1.1

Q: ast year, 1000 galions of almond milk (a non dairy product) were sold ata price of $10 Yet, this yea...

A: When almond milk “a non dairy product” harvest has been destroyed in California, it resulted in supp...

Q: ASSUME THAT A DECREASE OF 10% AND THE PRICE OF CARS RESULT IN AN INCREASE OF 40% IN QUANTITY DEMANDE...

A:

Q: When Firm X increased the price of Good A by 8%, the sales of Good A decreased by 20%, while the sal...

A: Money has been evolved from long time ago and since the ages. It is currently used in the form of cu...

Q: Question 20 Suppose consumers buy 70 million packs of cigarettes per month at a price of $5 per pack...

A: The price elasticity of demand measures how a change in the price of a product affects the demand fo...

Q: Describe the Emergencies Act. Why was it most recently used?

A: Describe the Emergencies Act. Why was it most recently used? 

Q: TRANSNATIONALITY examples

A: To find : Example of transnationality. 

Q: Consider a competitive, price-taking firm that employs only one variable input, labor, to produce a ...

A: a) Given the table, the maximum profit is when 8 units of labor are hired and 63 units of output are...

Q: Last year 1000 galone of amond ma non dairy produt were soldprice of S0 Y yearabad harvestin Caomia ...

A: Given: Quantity of almond milk=1000 gallons Price=$10

Q: • Please explain why the long run economic profit is zero under a perfectly competitive market in yo...

A:

Q: You and your friend Olivia are both volunteers at a cat rescue. The shelter supervisor asks the two ...

A: Opportunity cost: - opportunity cost is a forgone benefit that we could have earned by applying all ...

Q: What is SUPPLY CHAIN MANAGEMENT in simple words, and examples of it?

A: The supply chain is the system of supplying products and services to consumers.  

Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...

A: In a tree game, when we have to find subgame perfect nash equilibrium, we use backward induction rul...

Q: Identify the effect of increase in tax rates on either demand or supply curve and the equilibruim in...

A: Taxes are the form of government revenue which are collected through the goods and services purchase...

Q: The marginal revenue for a perfectly competitive firm is equal to the market price. Why is this not ...

A: In a perfectly competitive market, there are a large number of buyers and a large number of sellers,...

Q: 14. Suppose that in an IS/LM fixed-price closed economy with unemployed resources the central bank i...

A: The measure that depicts the total money volume being held by the public at a particular point of ti...

Q: What are the effects of globalization on government in the global interstate system?

A: To find : Effect of globalization on government. 

Q: Agricultural goods market depicts characteristics close to

A: To find : What is depicted by agricultural goof market  

Q: Crowding out occurs when   Question 25 options:   increased money supply causes private expenditur...

A: Crowding out is a situation that arises when the government applied pure expansionary fiscal policy....

Q: 1. Consider a two-period model in which you work and save in the initial period (period 0) and live ...

A: Since you have asked a multi-part question and according to the policy, we can only solve the first ...

Q: Which of the following transactions would NOT be counted in GDP? Select one: a. Nike builds a retail...

A: GDP refers to gross domestic product which is accounted by addition of all the values of final goods...

Q: Namia's output has been constant at Y every year. In year 0, it finds an investment project that wil...

A: Output = Y Output increases by 0.05Y each year from year 2. Interest rate = 4% = 0.04

Q: increases, which the Fed could offset by purcha creases, which the Fed could offset by selling b cre...

A: When the stock market booms ,then the total aggregate demand in the economy increases in the economy...

Q: 9. A higher indifference curve shows

A: To find : What higer indifference curves 

Q: In the presence of reduced consumer confidence, the government can: (Click to select) decrease trans...

A: Fiscal policies are the measures used by the government to affect the economy. The major fiscal poli...

Q: Assume two moms live next to each other and both have one preschooler. They meet each other for the ...

A: GDP(gross domestic product) is the sum total of goods and services produced in an economy in a given...

Q: Country A is a Solow economy with the following production function F(K, L) AK" L', with A and L exo...

A: At steady state, there is no change in capital per worker and steady state is reached where investme...

Q: 8. One characteristic not typical of oligopolistic industry is

A: To find : Which is not characteristics if oligopolistic competition  

Q: The equilibrium quantity of solar panels bought and sold in the market has stayed the same, but the ...

A: Eqm price and quantity in the market is determined by the intersection of dd(demand) and ss(supply).

Q: 1. How is Globalization depicted in the photo; how does this apply to the Philippines? 2. If this is...

A: The term "globalization" refers to the global interconnection of people and enterprises, which event...

Q: The Situation It is time to negotiate a new contract with some of Lightning Wholesale's unionized em...

A:    The company increases salary by 3% so monthly wage increases by 4000*0.03=$120 and yearly wage in...

Q: firm that employs only one variable input, labor, to produce a product that sells for $14 per unit. ...

A: Marginal cost is the additional cost of employing the labour. Marginal product is the change in outp...

Q: pure monopsony buyer of a resource, in this case, labor L, has a marginal value curve for labor expr...

A: Monopsony is a single buyer which maximizes profit by hiring workers where marginal expenditure equa...

Q: How big is a billion?

A: The money supply in an economy is controlled by the central bank. The central bank used various mone...

Q: What are the implications of the current fiscal stimulus and low interest on the future of our count...

A: A stimulus package is defined as a coordinated measure by the government to lift the economy out of ...

Q: Suppose the government imposed taxes o1. salt. Who bears the tax incidence and why?

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is...

Q: d. Find the cross-partial derivatives: Are they equal? ÕMPN/ÕH = ÕMPH/ON = %3D %3D e. Suppose that p...

A:

Q: What is the earliest human being

A: Hominids were the earliest human-like species, and homo sapiens is a member of this group. Hominids ...

Q: Which of the following did A. W. Phillips demonstrate in his famous Phillips curve? a. An inverse re...

A: The original Phillips curve equation is πt = (μ+z) - αut The modified Phillips curve equation is πt ...