%3D %3D

Q: American Eagle Financial Sources, which makes small loans to college students, offers to lend a stud...

A:   Given: American Eagle Financial Sources, offers to lend a student = $600 The borrower is required ...

Q: PLease explain resondes and please help me solve, where should th problem begin .

A: To solve this question, You should draw a production limit line parallel to Y axis. By doing this yo...

Q: 1. Show and explain the relationship between total product, average product and marginal product.

A: Average Product (AP)= Total Product (TP)/ Labour (L). It denotes the addition of variable factor to ...

Q: It is being decided whether or not to replace an existing piece of equipment with a newer, more prod...

A: External rate of return (ERR) is the minimum rate which the management wishes to have from any proje...

Q: 2. The demand curve and supply curve for a perfectly competitive market are: Q = 500 – 5P and Q = 32...

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

Q: Briefly discuss each of the seven periods in the evolution of purchasing and supplymanagement. What ...

A: Purchasing developed into strategic procurement, contracts became longer-term, and the creation of s...

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a normati...

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the wan...

Q: Maya and Max are neighbors. Each grows lettuceand tomatoes in their gardens. Maya can grow45 heads o...

A:   Meaning of Production Possibility Frontier: The term production possibility frontier refers to the...

Q: According to the Coase theorem,a. private actors can reach agreement to solve theproblem of external...

A: The Coase Theorem Negative externalities can be remedied through private negotiations. Coase externa...

Q: Question attahed in image

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

Q: Suppose, initially the Australian economy is at full employment (in other words the economy is at th...

A: Potential GDP refers to the output that is expected when the resources in the economy are fully util...

Q: A hypothetical country of Lahland produces only movies and popcorn. Quantities and prices of these g...

A: The value of all final goods and services that are produced domestically within given duration measu...

Q: Economic Consequences of an Inequality of Incomes and Wealth A rising inequality of incomes and weal...

A: Secular stagnation is a chronic shortfall of aggregate demand, fearing that this shortfall would in ...

Q: Will demand curves have the same exact shape in all markets? If not, how will they differ?

A: The demand curve is a diagrammatic representation that represents the association between quantity d...

Q: True or False: Line B has a slope of infinity. (look at line labelled b) The following graphs show t...

A: a) The line which has a slope of infinity is a line parallel to y-axis. Looking at the graph given, ...

Q: Suppose GDP is $8 trillion, taxes are $1.5 trillion,private saving is $0.5 trillion, and public savi...

A: National income is the total market value of all final goods and services produced in an economy wit...

Q: Use shifts of the AD and AS curves to explain (a) the U.S. experience of strong economic growth, ful...

A: Aggregate demand: It refers to the demand for all the finished goods and services in an economy. It ...

Q: The following graph contains four lines (A, B, C and D), each of which has a slope that is either po...

A: Solution: Positive relationship: When two things go hand in hand, it is called positive relation. Fo...

Q: (b) What is the behavior of Marginal revenue, Average revenue and price under perfect competition? A...

A: In case of perfect competition, the marginal revenue curve and the average revenue curve coincide. T...

Q: On January 1, 2020 a discount bond promises to pay $115 after five years on January 1, 2025 and is s...

A: A discount bond refers to a bond that is issued for a price less than its face value. It also has a ...

Q: If, over time, wages and salaries on average rise at least as fast as inflation, should people have ...

A: Inflation means rise in general price level. 

Q: Menemenspor Company needs to determine the production plan for the 3 periods whose demand values are...

A: a) The number of items that a worker can produce in a day shows per day productivity of a worker. It...

Q: Use the following demand schedule to determine total revenue and marginal revenue for each possible ...

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

Q: Discuss the important features of the public budget and the relationshipbetween revenues and expendi...

A: Public budget: It is a monetary arrangement that assesses the consumptions and incomes of a state fo...

Q: The moral hazard in team production arises from ........

A: Moral hazard refers to the change in the behavior of an individual after coming into a contract. 

Q: 2. A price change causes the quantity demanded of a good to decrease by 30 percent, while the total ...

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

Q: Solve the attahment.

A: In this market, the equilibrium price is $25 per box and the equilibrium quantity of oranges is 100 ...

Q: Explain why economists might say that the market for higher education demonstrates externalities and...

A: Higher education when attained by students,gives rise to employment. Therefore according to economis...

Q: (a) Why the producer prefers stage 2 in production process.

A: There are three stages of production. I stage – It is the stage of increasing returns to scale. Here...

Q: Refer to the information provided in table below. a. If the price of a cinema ticket is 20 TL, the ...

A: Given diagram shows the budget line of the consumer. BB is the budget line, X axis shows concert tic...

Q: Briefly explain (b) Why Law of diminishing return is more applicable in agriculture sector?

A: In the production process, different factors are used to produce the final output. Each factor has i...

Q: Investors put up $520,000 to construct a building and purchase all equipment for a new restaurant. T...

A: When a firm shuts down in short run, it produces zero output. So TVC is zero and thus,  Loss = TFC

Q: How might a theory of the economy differ from a description of that economy?

A: The theory is a simplified version of the real-world situation which is built with the aim of making...

Q: M2. Every country can produce two goods-masks and wheat, using only their citizens' time. Consider t...

A: a.Same number of people were employed to produce mask before plague.It was due to plague that masks ...

Q: Additionally, what is the maximal profit?

A: The total cost includes the all internal or external cost that incurred by producing the output. The...

Q: (c) What is the importance of stages of production?

A: The three stages of production are 1) increasing average product of production                      ...

Q: A country has two regions, the North and the South, which are identical in all respects except the h...

A: Given: The demand for labor in each region is: WN = $20 - 0.5ENWS = $20 - 0.5ES There are = 6 millio...

Q: The following diagram presents a circular flow model of a simple economy. The outer set of arrows (s...

A: A circular flow diagram shows the flow of goods and services between different sectors of an economy...

Q: Calculate per capita real GDP for Silesia for 1994 and 2019.

A: National income is the total market value of all final goods and services produced in an economy wit...

Q: (a) Explain Implicit and Explicit cost with the help of suitable example?

A: Explicit (accounting) cost is the actual costs incurred (and paid). For example, wages and salaries ...

Q: Suppose that the demand for loanable funds for car loans in the Milwaukee area is $10 million per mo...

A: A loanable funds market is one in which an organization enters as a demand-side participant, and a h...

Q: The cross-price elasticity of demand between good X and good Y is -3. Given this information, which ...

A: Demand is the willingness and ability of consumers for consuming and buying goods and services. Unde...

Q: (c) Why Marginal cost curve is U-shaped

A: Marginal cost curve is U shaped because initially Marginal cost is high. Afterwards it decreases and...

Q: What is meant by technological advance, as broadly defined? How does technological advance enter int...

A: The discovery of new and improved methods of manufacturing products refers to technical advances. Ad...

Q: 4) Use the figure below to answer the following questions.   Figure 1 Consider the demand curve in ...

A: Consumer surplus is the consumer’s willing to pay over the price which a producer charges for a comm...

Q: At Point C the price elasticity of demand is -1. Along line segment AB of the demand curve, the dema...

A: Elasticity measures how much quantity demanded changes with the change in price. 

Q: Explain why the cross elasticity of demand for substitute goods is positive and the cross elasticity...

A: Cross elasticity of demand measures the responsiveness of changes in the demand for one good caused ...

Q: What is the difference between oligopoly and monopolistic competition?

A: Different market structures are categorized on the basis of number of buyers and sellers, the types ...

Q: If the marginal propensity to consume is 0.75, byhow much would government spending have to rise toi...

A: Expenditure multiplier shows the magnitude of how much real output will change in response to an aut...

Q: Which are the following are short-run and which are the long-run adjustment? Explain with the help o...

A: The long-run is the situation when there are no fixed factors (every factor is considered as a varia...