People often sell goods (or raffle tickets) as part of a fund raising project. These projects typically offer valuable prizes to those who sell over a fixed number of units. Often a grand prize, like a trip to Hawaii, is offered to the person who sells the most units. Why are these prizes offered? Relate this example to the high pay received by chief executive officers of large corporations.

Q: Kayla is a speculator in the market for a rare French goat cheese known as Crottin de Chavignol. She...

A: A futures contract is a non-physically resolved exchange-traded contract. Delivery is not possible b...

Q: Assume that this is the cost function for a perfectly competitive firm: Cost (q) = 5 q² + 20 For thi...

A: Answer: The following formulas will be used: AVC=VCqAFC=FCqATC=TCq    (TC=total cost)MC=dTCdqVC=TC-F...

Q: When a nation concentrates on a certain production activity based on a specific resource, which of t...

A: The word "comparative advantage" refers to how trade benefits businesses, governments, and individua...

Q: 1)Explain how a "rising" American dollar will affect (a) an American company which imports cashews; ...

A: The rate at which one currency is being measured in terms of another currency in order to bring them...

Q: QUESTION 2 The first-order derivative of the function may be useful for: O 3. Evaluating the approxi...

A: The first derivative test is the most common way of investigating capacities involving their first d...

Q: Exercise I.1 The figure below shows the utility function of a representative individual as a functio...

A: According to question government must tax 50% of utility for any individual . So , Person with incom...

Q: Reflection paper about types of industries and industry & environmental analysis

A: There are many effects that can be seen with the increment in industries. The environment is affecte...

Q: Problem No. 1 On his son's seventh birthday, the father started to make annual uniform deposits of P...

A: Given that, Father started to make annual uniform deposits of P10,000 on the Sons account from his s...

Q: what is the name of this practise instance? 22) Bindy, an 18-year-old high school graduate, and Luci...

A: Answer -

Q: George's Goji Farm has this short run total cost equation for goji berries, where Q is the number of...

A: The marginal cost (MC) or the incremental cost is the gain in cost that results from producing an ad...

Q: Does it make sense that the definition of macroeconomic equilibrium allows the existence of involunt...

A: In an economy, macroeconomic equilibrium refers to the situation when economy is having equal aggreg...

Q: (5) On your graph, indicate the supply curve of your firm in the short run.

A: Demand and supply  In an economy there is always a demand for goods and services and the supply of g...

Q: The discount rate when the net present value of a project is zero is called the rate of return margi...

A: The answer is as follow :

Q: A monopolist charges a single price for its product, sells 100 units, and has a marginal revenue of ...

A: Q = 100 MR = 30 MC = 500 Fixed Cost = 500

Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x 1 is a var...

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

Q: . You are economic consultant for Jack, who farms raw cotton in a perfectly competitive market. One ...

A:

Q: In 2025, how many of the 10 largest cities will be located in developed countries? a. 9 b. 10 c. 5 ...

A: In this world map we find the demographic data of ten countries:-Tokyo city of the country Japan wit...

Q: 1/3 „1/3 Farmer Joe's production function is f(x1,x2) = x;^x°, where x¡ is the number of pounds of l...

A: Marginal Cost = dTC/dQ where Q is the quantity.

Q: 6. The market for fertilizer is perfectly competitive. Firms in the market are producing output but ...

A: Quantity delivered refers to the number of things or services that a supplier will make and sell at ...

Q: Suppose a consumer has $100 in income, the price of Mt. Dew is $2, and the value of A is 200. What i...

A: A consumer is an individual or group who wants to order, orders, or utilizes acquired things, produc...

Q: 4. At a price of $100 each, Beachside Canoe Rentals rented 11 canoes. When it increased its rental ...

A: The demand curve shows the negative relationship between the price and the quantity demanded. The de...

Q: Please see image for question

A: Most, but not all, countries have various currencies. Ecuador, El Salvador, and Panama, for example,...

Q: Which of the following is included in GDP calculations?     a crisp $50 bill received on your birt...

A: Gross Domestic Product (GDP) measures the market value of all final goods and services produced by a...

Q: Suppose a company lIncurs the following costs: labor, $3,500; equipment, $900; and materials, $1,400...

A: Accounting costs are any expenses that your company has incurred.By deducting expenditures from inco...

Q: 18. Which of the following would not cause a shift in the aggregate demand (AD) curve? * O The gover...

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

Q: Create a table describing input combinations of labor and wheat flour in producing a certain cake. T...

A: An isoquant depicts all possible combinations of elements that result in a specific outcome.

Q: answer only question 2 pls

A: The aggregate supply curve shows the direct relationship between the price level and the total quant...

Q: Suppose AE = 0.50 Y + 500. If GDP = $1,000, and There will be excess supply, so inventory will accum...

A: AE is Aggregate Expenditure.  If AE > GDP, then it means there is excess demand in the economy. I...

Q: True or False? In the presence of a positive externality, a Pigouvian subsidy results in less consu...

A: Positive externality refers to the situation when the action of an individual contributes positively...

Q: Consider a simple economy with a single good: bread. There are 5 loaves of bread and two potential c...

A: Concept Pareto efficiency, also known as Pareto optimal, is an economical situation in which resourc...

Q: What is the importance of stages of production?

A: There are 3 stages to the production process which are as follows: 1. "Output increases at an increa...

Q: What is the present value or price of a $150 annual perpetuity if the returns on similar contracts a...

A: Given Data,    Value of annual perpetuity= $150.   Discount rate= 7%.   Formula to calculate present...

Q: Given: Qd =– 9P + 2,557 Qs = P – 75

A: Equilibrium is defined as a position where the economy reaches a stable state. The forces of demand ...

Q: A: How can explain the micro economics in this advanced age? B: Define the term production?

A: Answer for A part:

Q: I need a basic explanation of John Maynard Keynes work.

A: At the time of Great Depression of the 1930s all the basic existing economic theory was unable to ex...

Q: A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B...

A: C=30Wc​−1.5W2c B=74WB​−2W2B Wc+WB​=8294The cost of Cereal is $1 and the cost of Bread is $0.5. Hence...

Q: Explain the different methods for measuring price elasticity of demand with examples.

A:

Q: If the multiplier is 5 , what is the marginal propensity to save (MPS)? 5 0.20 0.80 0.50

A: The value of multiplier is given to be as = 5  We have to calculate the value of marginal propensity...

Q: An investment of $100,000 in safe 10-year corporate bonds yields an average of 9% per year, payable ...

A:

Q: 3. James borrowed Zae's truck to drive up to Two Sustah's for a fish plate. When he pulled up in fro...

A: Risk is basically defined as the probability that the actual profits from a result or investment wil...

Q: Consider two firms competing to sell a homogeneous product by setting price. The inverse demand curv...

A: Given: Inverse demand function: P=6-Q C(Q)=2Qi

Q: 4.ALCOA does not have the monopoly power it once had. How do you suppose their barriers to entry wer...

A: "Since you have asked multiple questions ,we will solve first question for you.If you want specific ...

Q: Question 36 Single Cholce PlayOut is an online booking app for using city-wide playgrounds for vario...

A: Answer-  

Q: Jan Aart Scholte has argued that at least five broad definitions of ‘globalization’ can be found in ...

A: Globalization is a concentrated type of internationalization, according to Scholte, and " global " i...

Q: .4 (Least squares) UpTop Mining has compiled the following data to analyz costs: onth Machine Hours ...

A: Given data to analyse utility costs :

Q: 01

A: There are three stages of production,and they are important for businesses to understand and analyze...

Q: What do you tell your boss (estimate of the number of additional workers in Manila who would lose th...

A: The regional wage board declared in across the board with te average of 3.4% of increase, but with t...

Q: You put 280,000 dollars in a bank which gives you 0.75% simple interest. If you leave that amount in...

A: A bank is an institution that provides the facility of loans and the facility of cash to the custome...

Q: Suppose that two airlines are Cournot duopolists serving the Peoria-Dubuque route, and the demand cu...

A: Given as, Demand = Q = 250-2p p = 115-Q/2 TC = Total cost = 450+40q Q = Q1+Q2

Q: What are Milton Friedman economic theory’s general principles?

A: Answer -