Question 10 In an OLG model with money: Each gen picks 12 banans when young, 4 bananas when old. Central bank prints out 2 units of money, given to gen 0 for free. The unemployment rate in this economy is %. Selected Answer: 5 Correct Answer:

Q: A news report is released about the negative health effects of using notebook computers. Consumers a...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: vantage of a fixed exchange rate system is that governments are required to constantly intervene in ...

A: A fixed exchange-rate is a system applied by an administration or national bank that ties the countr...

Q: IHRM practices are sector-specific because a) Some sectors trade more in the alobal economy than oth...

A: When talking about international human resource management (IHRM) it is said that this management is...

Q: What principle explains why tech companies are leaving California for Texas but movie studios are no...

A: Perfect Competition refers to the condition of the market of a good or service where all firms sell ...

Q: Does economic efficiency guarantee sustainability? Why or why not?

A: In economics, efficiency is achieved when all resources are put to the most effective use and waste ...

Q: Accumulate a $40,000 principal for 15 years under the rate (.05, m 4). What compound interest is ear...

A: Given information: Principal amount (P): $40,000 Time period (t)= 15 years Interest rate (r): 5% Co...

Q: Suppose we are happy with the current level of total emissions across two firms but, the current mar...

A: The marginal abatement cost refers to the change in total abatement cost when one additional unit of...

Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a m...

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan ...

Q: The following quote alludes to which source of low costs? “Most of those costs are fixed, pretty muc...

A: Cost Minimization refers to the condition where a firm or producer tries to minimize the cost incurr...

Q: Cailculac Carg's gntmal undleit Corl norrly price Bice, po hay nrice This is wunclle A shaw on cliag...

A: The consumption bundle is optimal when the following condition holds,MU1 / MU2 = P1 / P2Where, MU1 =...

Q: A company is considering the purchase of a generating set to supply the electrical needs of his offi...

A:

Q: Normative analysis can best be shortened to ___________, while positive analysis is best shortened t...

A: Answer: Introduction: It is clear that normative analysis, often known as normative economics, is pr...

Q: There is evidence that income per worker is converging in A) the richest countries and the poorest c...

A: The measure of the amount of income that is being earned per person in a geographic region or nation...

Q: An external cost arises from the use of fossil fuels because of global warming. If fossil fuels are ...

A: Here, it is given that the external cost is associated with the use of fossil fuels due to the issue...

Q: Determine if the statements are true or false. Justify your answer. 1. In a Stackelberg duopoly, in ...

A: There are different forms of market under duopoly system, such as stackelberg duopoly, cournot duopo...

Q: A small economy increased its capital per hour worked (K/L) from $40,000 to $50,000. As a result rea...

A: Real GDP is a macroeconomic measure of the value of economic output that has been adjusted for price...

Q: What is Determinants of supply?

A: "Supply of a commodity or a service indicates the amount of commodity or service that a producer or ...

Q: 2. Given the following information: U = XY; PX = 5; PY = 10; I = 200, a. mathematically show the (i...

A: Budget  constraint:-                             PxX+PyY=I Therefore; 5X+10Y=200 Utility Function; U...

Q: A central bank that increases the money supply in its economy has more effect on spending the more i...

A: It's typical to hear that the central bank "increased interest rates" or "lowered interest rates" wh...

Q: Consider the Solow Model of a closed economy where the aggregated capital, K, the aggregated labour ...

A: Introduction Aggregate production function has given as Y = K2/3 L2/3 F(K, L) = K2/3 L2/3 F( K/L , 1...

Q: Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maxim...

A: Marginal revenue is the additional revenue earned after an additional unit is sold. 

Q: The long-run aggregate supply curve relates the aggregate price level to real GDP O in the short run...

A: Aggregate Supply(AS) shows the positive relationship between price level and the real GDP. 

Q: In many countries, income earned from financial investments is taxed at a higher rate than income ea...

A: The answer and correct explanation for the given question is as follows:-

Q: Question Mike Nelson, a CEO of Global Foods, Inc. asks his board of directors to approve a decision ...

A:

Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...

A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...

Q: ) A news report is released about the negative health effects of using notebook computers. Consumers...

A: In a market, the price of any commodity is influenced by the change in the demand and supply of that...

Q: This second question gets you to work through the efficiency implications of market power. As econom...

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

Q: such that 8,000 cars are produced at $22,500 per car.  1. Use a supply and demand diagram to graphi...

A:

Q: nd the monthly house payments for a loan of P188,000 at 6.74% for 15 years

A: The monthly payment will depend on the loan tenure and rate of interest on home loan.

Q: Suppose that in France 40 labor hours are required to produce a liter of wine. In Italy, 30 labor ho...

A: Comparative advantage occurs when a country can produce the good efficiently and at a lower opportun...

Q: 1. Use the Method of Lagrange to solve this problem. To do so, construct the La- grangean function f...

A: The consumption function shows the positive relationship between consumption and disposable income. ...

Q: During the current global pandemic, the governments of all major economies searched for policy respo...

A:

Q: Trade between nations can be mutually beneficial if one country has  a monopoly. an absolute advanta...

A: When two countries are involved in an international trade there are always gains from trade.

Q: A monopoly is designing two take-it-or-leave-it contracts of the form (q., r,) for two consumer type...

A: Utility function A : Ua = y - x2/3 + 41 x  Price of x = rA  Price of y = 1    (Income spent on other...

Q: The table shows the cost information for a farm when the farm has three different amounts of capital...

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

Q: Define the meaning of ‘Economics’ and ‘Development’ within the context of Economic Development of na...

A: Economics is all about making wise decisions in the face of shortage. Economic growth is the most ba...

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or

A: A tax is a mandatory fee or financial charge imposed by a government on an individual or an organisa...

Q: P1.  Let’s assume there are only 2 countries that produce 2 good.  More specifically, suppose that t...

A: A resource is anything we use or rely on in order to accomplish a task. A dictionary is a useful too...

Q: Suppose the government runs a budget surplus. Compared to a balanced budget, the real interest rate ...

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

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples ...

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers. ...

Q: 4. Driving an automobile generates many negative externalities. For example, driving creates polluti...

A: Let's first understand what are actually negative externalities.  Whenever any third party experienc...

Q: 4A. Construct a labor market with perfectly inelastic demand that is kinked at wage w*. 4B. Constru...

A: In the labor market, demand curve is downward sloping and supply curve is upward sloping, based on t...

Q: 15. With the economy in a recession due to inadequate demand, the government increases its purchase ...

A: Aggregate demand is a sum of consumption spending, investment spending, government purchases and net...

Q: The Phillips curve describes the relationship between which two variables? the money supply and inte...

A: The Phillips curve equation is πt - πt-1 = (μ+z) - αut  

Q: A monopoly is designing two take-it-or-leave-it contracts of the form (gi, ri) for two consumer type...

A: Marginal Utility refers to the utility that a consumer or individual derives from the consumption of...

Q: 1. there are two companies (company 1 and company 2) that operate in a market where both firms produ...

A: Given that: Q = 11 - 0.25PQ = q1 + q2TC = 4qa In Bertrand Competition with homogeneous items, the pr...

Q: 2. Consider a country operating under fixed exchange rates, with aggregate demand and aggregate supp...

A: Aggregate supply(AS) is a total quantity of an economy supplied at a different price level and Aggre...

Q: 11. A firm has a production function of Y = $100 Log(K), where K is the amount of capital used in pr...

A: Optimal level employment of an input is determined by the point where value of the marginal product ...

Q: NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 16,12 4,20 a2 6,28 9,14 a3 ...

A: Strictly dominated strategy: it is a strategy that gives least payoff to a player compared to its ot...

Q: GRAPH Reset Capital Goods Production Possibilities (Present) Production Possibilities (Future) 17 16...

A: Here, two production functions are given to represent current and future production of consumption a...