Productivity is measured as   The dollar value of a worker’s hour of work. An increase in the GDP of a nation. The change in total production over time. The number of hours of work per month per worker.

Q: As a country develops economically, what changes usually take place in the goods it exports? Select ...

A: The branch that deals with the department where the primary goal is the betterment of economic, soci...

Q: P. Supply 4. Demand 40 80 120 160 A Refer to the graph above. When the market is in equilibrium, con...

A: (A) When market is in equilibrium, then Consumer surplus(CS) is-CS=12(8-4)(80-0)    =12(4)(80)    =1...

Q: A social cost is applied to the monopolist market structure. Why does this occur? If the gains produ...

A: Social cost is defined as the sum total of both private costs and any form of external cost which ar...

Q: Income Tax Game You are given the folloving gane in which the row player is the auditor and the colu...

A: "As per the guidelines answer is given to the first three sub-parts of this question." 1) According ...

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

A: An economic theory proposed by A. W. Phillips states that inflation and unemployment have an inverse...

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

A:

Q: Two new instruments are being considered for an engineering firm. The firm uses a 12%/year expected ...

A: Given information Option 1 Initial investment=$120000 Annual return= $17500 n=12 years Option 2 Init...

Q: For the nation of Problem 1: (a) Determine the dollar value of the consumer surplus before and after...

A: In this question, we will be calculating the: Consumer SurplusProducer SurplusDeadweight Loss

Q: 33. For inferior commodities, income effect is

A: To find : What is income effect for inferior commodities. 

Q: Question 17 If the production function of ideas in the economy is as follows %3D then the function e...

A: 17. If we double both inputs the output is more than doubled, but if we double only the stock of kno...

Q: Consider a competitive market, dispersed among hundreds of companies. The Total Cost Curve of these ...

A: Cost of a firm in a competitive market: TC= 5000+2q2-400q (differentiating the TC wrt q, we get the ...

Q: iage is a Year Expenditures 1 $40,000 2 $45,000 3 $80,000 $280,000 $550,000 6 $750,000

A: Compounding is the interaction by which interest is credited to a current chief sum as well as to in...

Q: The gravity model of trade describes an exact physical relationship between trade, distance and size...

A: "The statement is FALSE."

Q: The CDC estimates that cigarette smoking causes more than 480,000 deaths 3. each year in the US. Mar...

A:

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: Consider the supply and the demand in the market for loanable fund. If Mari purchased construction c...

A: If Mari purchased construction company’s stocks - This is added to supply side. If Mari borrowed to ...

Q: The following table shows the amounts of five different goods that are included in a particular repr...

A: Price index measures the average change in prices of group of goods over time. 

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% Calculated value from part Vi) Demand for Bond Q=100-5P...

Q: Which of the following bodies finalizes the Five Year Plan Proposals?

A: To find : Which finalize 5 year plan. 

Q: Expenditures that would exist at a zero level of income are called induced expenditures:  True or Fa...

A: There are two types of expenditure : Induced expenditure and Autonomous expenditure  Induced expen...

Q: how does the position of the marginal consumer between any two firms depend on the total number of f...

A:

Q: Consider the local cable company, a natural monopoly. The following graph shows the monthly demand c...

A: Profit is maximised at a point where marginal revenue is marginal cost. At average cost pricing, pri...

Q: Suppose that a matching function is given by M=em(Q,A)=Q0.3A0.7. Suppose that A=1000, and 2000 match...

A: The equation is already given: M = Q0.3A0.7 A=1000 and M=2000 We substitute these equations to find ...

Q: two-good model, a consumer starts with an intial endowment of 10.00 units of good 1 and 13.00 units ...

A: Answer to the question is as follows:

Q: When Christine deposits $1,000 in Bank A, and there is a reserve requirement ratio of 10%, how much ...

A: Christine deposited $1000 in Bank A The reserve requirement ratio is 10% Required reserve = Deposit ...

Q: According to the Law of Elasticity, there are elastic and inelastic markets. If we relate this conce...

A: In a market with elastic demand for products it will be favorable to decrease prices because for suc...

Q: i need this in words not handwritten please rewrite it

A: Consumption when equivalent to that of investment then it will be applicable.  

Q: List institutions that influence international environmental policy and describe how nations handle ...

A: Environmental policy is a problem-solving tool that takes the help of different domains like economi...

Q: What deposit made at the beginning of each month will accumulate to P120,000 at 8% compounded semi-a...

A: Given: Amount accumulated=P 120000 Interest rate compounded semi annually=8% Number of years=10

Q: 1. Retail Promotion Programs Successful retail promotion programs have the capacity to generate addi...

A: Initial Equilibrium quantity = 100,000 Initial Price = 10  Initial profit per box = 10 - 2 = 8 per b...

Q: What are the two main conclusions of the Heckscher-Ohlin Theory of trade?

A: Heckscher-Ohlin Theory is a theory of comparative advantage used in international trade. It explains...

Q: Explain an inverted yield curve using the segmented markets theory.

A: To find : What is inverted yield curve. 

Q: Describe the influence of African, Japanese or other non-Western art on the development of Modernism...

A: Traditional African sculpture's aesthetics had a significant effect on European artists who establis...

Q: If 2020 is the base year for real GDP calculations, we know for certain that nominal GDP: O A. Is le...

A: "Correct option is C."

Q: /hich of the following equations is correct? D a. S = 1- NX

A: To find : Which is correct option. 

Q: following is a total cost curve. Calculate and sketch the corresponding MC curve. If the price of ou...

A: TC = Total revenue  MC = Marginal cost  TR = Total revenue  FC = fixed cost MR = Marginal revenue 

Q: Change in Demand of Meat Production and Supply Chain under COVID-19.

A: To find : Change in demand of meat due to covid-19

Q: 2. Exercise on Stackelberg oligopoly: Consider the following duopoly. The market demand curve Q= 53 ...

A: Introduction A duopoly model has given. Market demand : Q = 53 - P Market demand for both the firm w...

Q: 20. What are the functions of the House Ways and Means Committee? a) To propose legislation that gov...

A: Ways and Means Committee is a government body that is concerned with reviewing and making recommenda...

Q: 1. For each of the following utility function, compute the Hicksian demand function h(p, v), the exp...

A: Given Utility function U=X1+X2 Lets take Budget constraint P1X1+P2X2=W  

Q: What is the purpose of global interstate and the role of global governance in globalization?

A: Globalization: When we consider the concept of globalization then it means that countries will open ...

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 ...

Q: QUESTION 3: Refer to the graph below and answers the following questions. All Underling work must be...

A: C.  With an effective price celing at $2, total consumer surplus is -CS=[(6-2)(40-0)]+[12(8-6)(40-0)...

Q: Suppose that actual inflation is 4 percent, the Fed's inflation target is 2 percentage points, and u...

A: Given: Actual inflation=4% Inflation target=2% Unemployment rate=2 Full employment rate=4%  

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

A: The game has 4 sub-games which are as follows: 1) Subgame for actions W and X 2) Subgame for actions...

Q: Covington Corporation purchased a vibratory finishing machine for $20,000 in year 0. The useful life...

A: Cost of machine = $20,000 Useful life of machine = 10 years  Annual revenue from machine = $7000 Ann...

Q: What percentage of total benefits from regulations comes from EPA regulations? Most of the benefits ...

A: The EPA released the Second Prospective Report, which looked at the Clean Air Act's performance from...

Q: Why are environmental regulations sometimes considered to be unfair barriers to trade?

A:   Meaning of Trade: The term trade refers to the situation under which the products and goods are tr...

Q: CI G (a) What is the current equilibrium level of national income? = 60+5+8+710:70 (b) What is the l...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: 47. A firm encounters its 'shutdown point' when A. O Average total cost equals price at the profit-m...

A: The expenses that are being incurred by the firm for carrying out its day-to-day transactions are kn...