Price $20 18 16 14+ 12 10 8 6 4 2 0 10 20 30 40 50 60 70 80 90 S DAfter Tax D Quantity

Q: he price goes from $2 to $3. Quanity demanded goes from 300 to 400. What is the elasticity of…

A: The price goes from $2 to $3. Quanity demanded goes from 300 to 400.  Elasticity of demand= -…

Q: 5. The average lifetime duration of credit card clients of Work Bank is 5 years. a) What is…

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

Q: 2. (Short-run costs, Evren wants to go into the donut business. For $500 per month he can rent a…

A: Given information Production function: Q = 5KL Where Q is tons of donuts K is capital  L is labor…

Q: Last year aria left her job earning $82,000 per year in order to start her own cupcake business Her…

A: Explicit Costs refer to the actual monetary payments made while conducting the business. These costs…

Q: Explain The Nature of Demand?

A: Demand — how much a goods or administration that a customer is willing and ready to purchase at…

Q: 3_____. Esther, a teenager, gets $8 per hour for babysitting. Steven lives two doors down and turns…

A: Answer: Esther has a fear that Steven may enter the market after turning 15 next month. If Steven…

Q: What are the options available to a firm when the market demand exceeds capacity?

A: Here's a set of features that assist companies in proactively addressing excess demand and…

Q: What is the Relationship of Price to Quality?

A: The quality of the product is judged according to its price.

Q: When does price competition occur?

A: Competitive pricing is a pricing strategy that aligns a product's price with that of its…

Q: By what percentage is the U.S. population projected to increase between 2014 and 2030? Do you think…

A: The United States' total population in 2013 was 316.1 million. The population of the United States…

Q: Hamilton Company applies manufacturing overhead costs to products based on direct labor hours. The…

A: The overheads are charged to the goods and services. The prime cost includes Direct Material cost…

Q: Match the following terms and definitions.____ a. fertility____ b. crude death rate____ c. crude…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Construct the multiplier model using the consumption function:  and an investment spending I =20…

A: Multiplier Model  The multiplier model refers to the Aggregate demand model. The multiplier model…

Q: (Long-run costs,) Carmela's pasta factory employs workers and pasta machines according to the lowing…

A:

Q: Question 2 The market for leather shoes is served by both domestic (SA) and foreign (F) producers.…

A: Introduction Market for leathers served both domestic (SA) and foreign (F) producers.  a) When there…

Q: P 120,000,00. Its estimated life is 10 years, after

A: *Answer:

Q: 7) Suggest a policy mix to achieve the following objectives: a. Increase Y while keeping i constant.…

A: Answer a.  An expansionary fiscal policy (raising G or decreasing T) paired with an expansionary…

Q: According to the analysis and data presented in class, the following are facts and possible reasons…

A: The answer is - Salaries for average wage earners have increased in proportion to their real…

Q: [1] Consider an income distribution S: (10, 20, 30, 50, 100). Suppose it is divided into two groups,…

A: The poverty line in an economy represents the minimum level of income, which shows the minimum level…

Q: which of the following statements is true? O since fixed costs are constant as output changes in the…

A: The statement that since total fixed costs are constant as output changes in the short run, it…

Q: Bell-land's CPI for 2017 was 200.  The CPI for 2016 was 190 and for 2015 the CPI was 180.  What was…

A: Answer: Given CPI for 2015 = 180 CPI for 2016 = 190 CPI for 2017 = 200 The formula to calculate the…

Q: Which metal has the smallest proportion of its technically recoverable reserves that are currently…

A: As we know, very little of the technically recoverable reserves are economically profitable to…

Q: estion 1 Two computer firms, A and B, are planning to market network systems for office information…

A: The pay-off matrix shows the mixtures of the outcomes that are attainable from any strategic…

Q: (b) Repeat (a) under the assumption that Volt has made the investment. (c) Is it profitable for Volt…

A: For both companies, there are two possibilities: For Volt - To invest in new machines, Or do not…

Q: Consider a macroeconomic model for an open economy with the government.  Consumption is given by  C…

A: Given, C = 250 + bYd b = 0.8, Yd = (1-t)Y t = 0.1 I = 1,200 – 2,000R,  X = 525 – 0.1Y – 500R G =…

Q: Let demand and supply be given by, Qa 270 - 1P, Qs -80 +9P. If a tax is levied on consumers, price…

A: Share of burden of tax depends on relative elasticities of demand and supply.

Q: Refer to Table 13-1. What is the average total cost of producing one widget? b. $15 a. S1 c. $16 d.…

A: Formula to be used: For all quantities, the fixed cost remains the same. TC=FC+VC  VC=TC-FC…

Q: Consider the Specific Factors model with two countries, Home and Foreign, with two goods, cloth (c)…

A: PPF production possibility frontier the locus of points depicting the output mix which a country can…

Q: Explain the ELASTICITY OF DEMAND FOR APPLE IPHONES AND AUTO INSPECTION STICKERS?

A: Introduction As per Sloman, price elasticity of demand refers to the responsiveness of a good or…

Q: Explain the relationship between the production function and the average costs and marginal costs…

A: Answer: Production function/Total product: production function shows the relationship between output…

Q: A basic life insurance illustration of non-guaranteed elements must be accompanied  by a statement…

A: Insurance refers to the policy or scheme that banks or firms give its customers in exchange for some…

Q: Explain Marginal cost (MC)?

A: Marginal cost is the net addition made to the total cost when one more unit is produced.

Q: QUESTION TWO Carefully study the graph below and answer the questions that follow. The graph show…

A: Introduction We have given a firm operating in perfect competitive market. Perfect competition is a…

Q: Discuss how nations use expenditure-changing policies and expenditure-switching policies to achieve…

A: In this situation:- since the 1930s, nations have actively pursued internal balance as a primary…

Q: How would a Keynesian Economist use Fiscal Policy to fight a Recession? Please do not write about…

A: "Recession means reduction or fall in the economic activity and this fall is visible in real GDP,…

Q: O $80,000 ي A = yr 10,000 اگ او A- د 30,000 د یا د

A: Given Cash flow  Initial investment=80000 Annual revenue for 15 years=10000 per year From 16 years…

Q: Consider a market where supply and demand are given by QXS. = −14+Px and Qxd=91 - 2Px. Suppose the…

A: We are given, Qxs = -14 + PX and Qxd = 91 - 2PX, At the equilibrium level, market supply = market…

Q: Assume you have $12,000 in cash. You can deposit it today in a mutual fund earning 8.2%…

A: Given: Cash in hand = $12,000 Interest rate of = 8.2% semiannually Or invest = $11,000 in 2 years…

Q: Suppose the firm's production function is Q = K¹/3L2/3, where the MPK = [2/3 and MPL 3K-2/3 13…

A: The Firm's Production function  Q=K1/3L2/3  where MPk=L2/33K2/3 and MPL=2K1/33L1/3 This Production…

Q: 2. A certain firm has the capacity to produce 650,000 units of a certain product per year. At…

A: Answer: Given, Maximum capacity = 650,000 units Present output=650,000×62100Present output=403,000…

Q: Which of the following is true at the exchange equilibrium between two individuals?   A. Their…

A: Exchange equilibrium shows the equilibrium for two individuals given the endowments and prices of…

Q: Consider a market with a single manufacturer M that sells its product via two retailers. The…

A:

Q: 9) There are three groups in a community. Their demand curves for public television in hours of…

A: Public goods are those goods which is available for all no any individual have rights on those goods…

Q: Consider the following economy. Individuals are endowed with y units of the consumption good when…

A: Finance is a forecast of sales and spending for a particular destiny time frame this is typically…

Q: There is a first-priced auction where 3 players value object at v1=v2=90 and v3=70. Player with…

A: First Price Auction In this auction, all bidders bid for the object keeping in mind their own…

Q: Use the following table to answer the question below:

A: * Option C, Q = 5 Diseconomies of scale arise when an increase in output leads to an increase in…

Q: What is the LM curve and why does is it positively slope? Explain the factors which can shift the LM…

A: LM curve:- The LM curve depicts the income and rate of interest pairs wherein the quantity of money…

Q: 3. a. What does Mankiw believe is the most important explanation of income differences among…

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

Q: Critically assess the relevance of the 'as if' principle used to justify the reliance on profit…

A: Advertisement can be done either online or offline mood, it may help to enhance the profit of the…

Q: Consider an income distribution S: (10, 20, 30, 50, 100). Suppose it is divided into two groups,…

A: Poverty line  The poverty line in an economy represents the minimum level of income, which shows the…