Q: "Even if there is full information and that wages and prices are fully flexible as what the…
A: Expansionary fiscal approach incorporates tax breaks, move installments, refunds and expanded…
Q: Enumerate 5 examples of globalization today and explain the advantages
A: Globalization, is the procedure of interaction and integration among people, companies, and…
Q: diagram at the right of SRATC and LRAC curves. The SRATC curve s drawn for a given plant size. a…
A: The short run is an idea that expresses that, inside a specific period later on, no less than one…
Q: monopolist, as opposed to a company in a perfectly competitive market:
A: Perfect competition market ;- where large numbers of sellers and buyers exist and exchange…
Q: Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research…
A: Given The current price of the thread seal tape is 42.00 per roll Price-demand equation: p=60-0.02x…
Q: 8. Suppose both the consumption good and leisure are normal goods any graphs what will happen to the…
A: A consumption good or administration is one that is utilized (minus any additional change underway)…
Q: Consider the Augmented Solow model. Derive the golden rule level condition and show it over the…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: The demand and supply functions for good x and good y are given as: Q=145-2Px + Py = -45 + Px QD=30+…
A: According to the question, it is given that : The demand and supply functions for good x and good…
Q: 40907 is invested at 7% compounded continuously for a period of 5 years and 3 months, it will resu…
A: P (principal) = $40,907.00 I (interest) = ?? Amount = A = ?? Rate = 7% compounded continuously…
Q: 31. Which of the following shifts the aggregate supply curve? an increase in the price of oil b. C.…
A: In an economy, aggregate supply curve is the curve that depicts the overall production of output…
Q: the ATC of eight 4 qt pas of ice cream is $80 and the AFC of eight pails is 125, the AVC of eight…
A: Here, given information is, Average total cost (ATC): $80 Average fixed cost (AFC): $25 To find:…
Q: What are the objectives of regulators? Under what conditions is regulation most likely to raise…
A: Regulatory job of government includes guideline of different business and financial exercises by…
Q: 6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are looking…
A: general equation of demand function is Q=a-bp where b is slope of demand curve . to find the…
Q: Consider a general utility function U(x₁, x₂). Let's now solve for the optimal bundle generally…
A: A mathematical function that is known as a utility function is one that assigns a number to each of…
Q: A person deposits a sum of $ 20,000 at the interest rate of 18% compounded annually for 10 years.…
A: Following are the given values: Deposited amount = $20000 Interest rate = 18% Time period = 10 years…
Q: The following Table shows the relationship between fertilizers applica rate in kg per dunum and…
A: Fertilizer = Input = Variable factor Barley = Output = Total Physical Product (TPP) The price of…
Q: The following information is for a closed economy: GDP $100 200 300 400 500 600 700 C $100 160 220…
A: In a closed economy, Aggregate supply = Aggregate demand => AS=AD => C+S = C+I => S = I…
Q: 5. The following regression results relate to a study of computer sales (in dollars) as a function…
A:
Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…
A: We have given the cost schedule in which fixed cost is $1000
Q: You are the owner of a local car dealership. Unlike other dealerships in the area, you take pride in…
A:
Q: Eng. Eco. Q5. Sam invests a sum of $5,000 in a bank at a nominal interest rate of 12% for 10 years.…
A: Given the investment amount = $5000 Nominal interest rate = 12% Time = 10 years
Q: If the economy's real GDP doubles in 9 years, we can not say anything about the average annual rate…
A: In the standard of 70, the "70" addresses the profit or the distinct number in the recipe. Partition…
Q: 34. The graph below shows a demand curve before and after a tax. Because the tax raises the price of…
A: According to the given graph, Initial quantity is 45 Quantity after tax is 40 Initial price is $11…
Q: Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports…
A: Nominal gross domestic product for this economy is the value of the economic goods and services…
Q: What uniform annual amount should be deposited each year in order to accumulate P100,000 at the end…
A: The interest rate is the sum charged on top of the main by a lender to a borrower for the…
Q: Indicate whether the concept can be characterized by a shortage, surplus, or equilibrium. Binding…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Suppose that there is limited commitment in the credit market, but lenders are uncertain about the…
A: Collateral constraints drive an unevenness in the connection between house costs and economic…
Q: Suppose a firm in a perfectly competitive industry is currently producing output at its…
A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…
Q: Which of the following will decrease physical capital per worker? O increase in saving in the…
A: Physical capital per specialist is the supply of gear and designs that are utilized to deliver labor…
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Given informtaion: A family borrows $70,000 at 12% for 15 years in order to purchase a home. We…
Q: Janice wishes to safeguard her business at all given times. She has heard from a friend that there…
A: Contract is a kind of an agreement for any service, company or things which is enforced by law. In…
Q: opulation growth mproved health and nutrition enforcement of property rights increased educational…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: Question 40 The is the total amount of money that the United States owes. O Budget Surplus Budget…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: With a voluntary export restraint (VER), the economic rent created by the quantitative limit on…
A: An exporting country's ability to export a certain amount of a good to another country is restricted…
Q: An economy can produce 2 hamburgers and 10 French fries and 3 hamburgers and 8 French fries as…
A: Opportunity cost of producing an additional unit of a good is a sacrifice of production of other…
Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…
A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…
Q: INFORMATION NEEDED TO ANSWER THE QUESTION IS BELOW, AND THE QUESTION IS AT THE END. THANK YOU! Gas…
A: Equilibrium Equilibrium is considered as the point in the market at which the demand and supply in…
Q: Suppose a perfectly competitive firm is breaking even (profit is equal to zero). In the short run,…
A: In perfect competition there are many firms producing identical goods.
Q: Several policy options have been proposed to encourage more people to be vaccinated against the flu.…
A: This is an example of role of government. Now in this case, we have to identify the marginal social…
Q: Macroeconomics Group of answer choices is the efficient allocation of societies scarce resources is…
A: Scarce resources are those resources which are present in limited quantities.
Q: If a stock drops in price by 5% and then improves its price by 5%, the resulting price is the same…
A: Price is rising by 5% and then decreasing by 5%, the resulting price is sum of decrease in price and…
Q: A small business with an initial outlay of $ 12,000 yields $ 10,000 during the first year of its…
A: Given the initial investment = $12000 First year income, A = $10000 Increase in yield, G = $1000…
Q: Consider a demand curve that is a straight downward-sloping line and has its midpoint at a price of…
A: Elasticity of demand shows how responsive the quantity demanded is when price of a good changes.
Q: When the number of producers are increasing then the supply will OA. Increase OB. Decrease O C.…
A: For the course of production to begin it is fundamental that legitimate preparation and supply of…
Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…
A: Quasi - fixed means that those labor prices that do not change with hours worked however do change…
Q: 5. If an economy has a recessionary expenditure gap, the government could attempt to bring the taxes…
A: Recessionary gap is the gap where economy real GDP is less than Full employment GDP , Government…
Q: conect answer below se data are responses from a survey ese data are outcomes of a designed…
A: *Answer: . option-E: These data are results of an observational study is the correct answer.
Q: January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought or…
A: *Answer: Give data, In january 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000.…
Q: "Advertising is best suited for achieving narrowly defined communications objectives." Discuss this…
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: Do you expect that an increase in the price of a product generates a larger decrease in quantity…
A: When talking about a monopolistically competitive market, it can be said that there ar relatively…
Step by step
Solved in 2 steps with 2 images
- 1. What is an example of a good that has become a public (or quasi-public) good due to technology? 2. Explain how technology has made this good non-rival in consumption or non-excludable. 3. Is there a free rider problem in the good you mentioned? How can the free rider problem be addressed in that example?Tell whether each of the following goods is best characterized as (1) a private good; (2) a public good; (3) an open-access resource; or (4) a club good. briefly explain (a) A video game (b) Clean water (swimmable, fishable, drinkable) (c) Landscaping at a public university (d) News website (e) An electric utility (F) National defense (g) A laptop computerK What are the obstacles to achieving an efficient allocation of resources in the market economy? The obstacles to achieving an efficient allocation of resources in the market economy include OA. taxes and subsidies, externalities, monopoly, and public goods B. rising wage rates, technological advances, falling oil prices, and changes in preferences C. rising wage rates, externalities, technological advances, and common resources D. taxes and subsidies, falling oil prices, monopoly, and changes in preferences Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
- Provide an example for each of the four goods: Private Good, Common Resource, Club Good, Public Good, categories introduced in the lecture that you personally consume. Justify your categorization of each good.7. The free rider problem refers to people whoa. will only consume a public good if it is free.b. for efficiency’s sake, should be allowed to consume public goods (such as mass transit) even if they do not pay.c. will not voluntarily pay for a public good even though they would benefit from its provision.d. are not willing to pay for a public good because they lack information about its potential benefits.1. Private goods. a. Please explain private goods. b. Please explain their characteristics. c. Please give 2 examples of private goods, including why those examples best fit your definition.
- 1. A construction company provides free first-aid and CPR training to all employees in order to save money on liability insurance. This free training might be an example of a ______ because ______. (Both the example and the explanation must be correct.) - Rival good because every time someone learns CPR, another person must forget CPR. - Source of a negative externality because employees are probably bored during the training. - Source of a positive externality because employees may go on to save the lives of others, even outside the company. 2.The Coase theorem states that interested parties will negotiate to correct externalities if two assumptions are met. What are those two assumptions? All parties agree on the value of the externality. AND Parties have mutual respect for each other. Public good because non-employees were prevented from receiving the free training. No barriers to negotiation. AND All parties agree on the value of the externality. No…Which categories of goods are rival in consumption?a. private goods and club goodsb. private goods and common resourcesc. public goods and club goodsd. public goods and common resources3. Voluntary contributions toward a public goodLarry and Raphael are considering contributing toward the creation of a public park. Each can choose whether to contribute $400 to the public park or to keep that $400 for a new suit.Since a public park is a public good, both Larry and Raphael will benefit from any contributions made by the other person. Specifically, every dollar that either one of them contributes will bring each of them $0.80 of benefit. For example, if both Larry and Raphael choose to contribute, then a total of $800 would be contributed to the public park. So, Larry and Raphael would each receive $640 of benefit from the public park, and their combined benefit would be $1,280. This is shown in the upper left cell of the first table.Since a new suit is a private good, if Larry chooses to spend $400 on a new suit, Larry would get $400 of benefit from the new suit and Raphael wouldn't receive any benefit from Larry's choice. If Larry still spends $400 on a new suit and…
- (a) Define public goods and common resources and give an example of each. What is the free-rider problem? Why does the free-rider problem induce the government to provide public goods? (b) How should the government decide whether to provide a public good? Why do governments try to limit the use of common resources?Define and give an example of a common resource. Without government intervention, will people use this good too much or too little? why? List and define the different kinds of goods. Give an example of each