Ques State with reasons, whether the following items will have elastic or inelastic demand: (i) Matchbox; (ii) Cold Drink; (iii) Medicines; (iv) Electricity; (v) Cigarettes; (vi) Butter for a poor person.   Please solve asap

Q: If P20,000 is borrowed for 200 days at 12% per annum simple interest. How much will be due at the…

A: Given that, P = 20,000 Rate = r = 12% Time = 200 days Consider 360 days in a year

Q: Explain the difference between a Bayesian-Nash Equilibrium and a Nash Equilibrium.

A: Bayesian-Nash equilibrium- A Bayesian Nash equilibrium (BNE) is a technique configuration that…

Q: 6. Consider an exchange economy with 2 agents and 2 goods. Suppose agent A has the utility function…

A: For Agent A -  Utility : U (a) = x + y  Endowments : (1 ,0 )  So , Budget Constraint : Income =…

Q: Consider the formula for the variance of the portfolio of two assets discussed in class: o₂ = w²₁0²₁…

A: correlation is a  measurement that communicates the degree to which two factors/variables are…

Q: In the graph you've just explored, when did the most recent expansion begin? The most recent…

A: Business cycles refers to the alternative period of expansion and contraction in the business…

Q: In Town A there is only one newspaper, Daily Outrage. The demand for the paper depends on the price…

A: Given data  The given expression for demand function Q=15S1/2P-3. The unit of scandal is £10S

Q: A company has established that the relationship between the sales price for one of its products and…

A: Profit maximizing level of output for a firm is at the point where marginal revenue (MR) equals…

Q: 1) A manufacturer of breakfast cereals has the opportunity to purchase barley at $3.00 a bushel for…

A: Opportunity costs address the potential benefits that an individual, investor, or business passes up…

Q: Use a supply and demand graph to show the impact of the following on the equilibrium price and…

A: What are the 4 kinds of goods? There are 4 different kinds of goods in economics, which can be…

Q: James can afford to buy one of three cars: the Aleph, the Beth or the Gimel. He rates them on three…

A: Given to us,  James has the means to purchase one of three vehicles: the Aleph, the Beth, or the…

Q: 5. The market for loanable funds and government policy The following graph shows the market for…

A: If the maximum annual contribution to the individual retirement accounts, it will incentivize people…

Q: evaluate different approaches to conducting an external environmental analysis

A: The practice of identifying every internal and external factor that might have an impact on an…

Q: Marginal utility refers to the   Multiple Choice   additional utility from consuming the last unit…

A: Utility is a term that alludes to the total satisfaction from consuming a good or service. Economic…

Q: A small mining group is considering the purchase of a continuous of all expenses expressed in year 0…

A: Given information: Net present value = $8889024 Interest rate = 14%

Q: How much (if any) does each of the following transactions raise GDP? The Jones family sells its old…

A: Buying and selling of old items or houses are not part of GDP calculation. Only commission during…

Q: A company produces and sells a consumer product and is able to control the demand by varying the…

A: The term fixed cost alludes to a cost that doesn't change with an increment or diminishing in the…

Q: Question 7 The table sets out some data for an economy. Item Consumption expenditure Indirect taxes…

A: GDP is defined as the total production of all goods and services within territory of the country in…

Q: Suppose the state of New York imposes a one dollar per pack tax on cigarettes, which increases their…

A:

Q: The fundamental reason to study economics is to study ____.     how choices are made     how…

A: In the world, people has unlimited wants, but the resources to fulfill these wants are limited. It…

Q: A company has established that the relationship between the sales price for one of its products and…

A: Given the cost and the prices, the breakeven level of quantity would be determined.

Q: You are asked to model an oligopoly market with the following​ characteristics: firms produce an…

A: A market is said to be in an oligopoly when there are just a few businesses selling products,…

Q: Define all the concepts below and where possible use examples: 1. Scarcity and why it exists 2.…

A: Disclaimer: - Since you asked multipart question, we are solving the first three subparts as per…

Q: A recently hired chief executive officer wants to reduce future production costs to improve the…

A: given that, The plan is to invest $90,000 now and $52,000 in each of the next 5 years to improve…

Q: (ROUND A company has established that the relationship between the sales price for one of its…

A: The estimated price and demand relationship is the demand equation and it is given as  p=77-0.12D…

Q: Use the Sales information above to answer this question. The Yaster research department established…

A: We have given the price-demand relationship as p(x)=57-1.14x             ..... (1) The supply…

Q: Consider two product designers that compete in terms of where to place their product in the product…

A: A location game is a simultaneous game in which players move on a single straight line between 2…

Q: Complete solution pls A local defense contractor is considering the production of fireworks as a way…

A: First, we will make the profit equation: Profit=Revenue- Cost Profit=TR-TC   TR=Price*Quantity…

Q: evaluate different approaches to conducting an internal environmental analysis

A: Introduction It is crucial to look at the internal environment because, according to Ghadar, F.…

Q: Only one thing can cause movement along a product’s demand curve --- that is, cause a change in…

A: Movement along the Demand Curve There are 2 structures of movement in a demand bend: extension and…

Q: Question 9 Player 1 X1 X2 X3 Y1 7,7 6,7 8,6 Player 2 Y2 5,6 10,6 3,10 Oa. There are only pure NEs in…

A:

Q: There are three parts to this question: 1a, 1b, and 2a.  Suppose that annual output in year 1 in a…

A: Nominal GDP is the value of all final goods and services produced within the geographical boundaries…

Q: what selling price do the break even occurs for the new design?

A: Break even point refers to the level at which total revenue and total expenditure are equal. So at…

Q: 3. Sonia owes Php 200due in 2 years and Php 600 due in 5 th years. What single payment on the 4 year…

A: Money to be paid in 2 years = 200 Php Money to be paid in 5 years = 600 Php Interest rate = 10 %…

Q: Task 3: The population of the Republic of Butters is 165. Of these 165 individuals, 130 are in the…

A: The labor force is the sum of unemployed and employed people i.e., Labor force = Unemployed +…

Q: Lightview produces and sells overhead projectors to schools and colleges. Each overhead projector…

A: Material Cost = $30 Labour Cost = $30 Selling price = $84.87 Fixed Cost = $264605

Q: Investment in a crane (äl) is expected to produce profit from its rental of $15,000 the first year…

A:

Q: Alex invested P25,000.00 to a business. The ROR is 3 % compounded quarterly and he expects to have…

A: Here, given information is: Principal amount paid by Alex (P): P25,000.00 Rate of return (r): 3%…

Q: 23. What are economic benefits of using biodegradable plates? Explain.?

A: We know that Biodegradable plates are substitutes for plastic plates. The reason biodegradable…

Q: mpany has established that the relationship between the sales price for one of its products and the…

A:

Q: Explain the difference between productive and allocation efficiency. How do you think a centrally…

A: Answer :-    Productive efficiency is the optimal way to produce goods and services at the lowest…

Q: In a Capitalistic economy, due to the "mixed market" and economic freedoms that are a part of this…

A: Kinds of economic systems regulate economic choices in various nations. They utilize different…

Q: A man borrowed a sum of money and promised to pay annually for 8 years at an interest rate of 12%…

A: Time - 8 years Interest rate- 0.12 Total interest amount = 185,000

Q: Children in poor neighborhoods have bleak outlooks on life and do not see much gain to studying. A…

A: Poverty in the household plays a major role in the education of the children. A family who is…

Q: Suppose that initially, the gasoline market is in equilibrium. War in the Middle East disrupts…

A: Price ceiling: A price cap is a price control or restriction imposed by a government or group on the…

Q: A company calls to notify you that the interest rate on your credit card will increase from 19% to…

A: There is a difference between percentage points and percent change. The percentage points is the…

Q: An industrial plant bought a generator set for P90,000. Other expenses including installation…

A: Purchasing cost of generator = P90,000 Installation cost = P10,000 Life of the generator = 17 years…

Q: Task 5: Suppose, in the base year, a typical market basket purchased by an urban family cost $250.…

A: We may quickly determine the CPI index and inflation rate for various time periods just by carrying…

Q: explain law of diminishing marginal utility concept with example.

A: According to the law of diminishing marginal utility, as we consume more of a good, the amount of…

Q: Indicate the advantages of a product’s packaging and labeling strategy.

A: Meaning of Marketing: The term market refers to the situation under which the producers or the…

Q: 67

A: We know that The labor market alludes to the supply of and demand for workers, in which workers give…