Question 24 In the definition of marginal propensity to consume, marginal refers to the amount of additional tax revenue that the government receives with new taxes the additional amount of disposable income someone receives the total income someone receives as a result of government purchases the amount of extra taxes someone pays as a result of government purchases

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A: The economic crisis of the 1970s The year featured some of the greatest inflation rates in recent…

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A: Here, the given table shows the cost and output information of a firm in the perfectly competitive…

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A: When talking about agriculture and industrialization, it can be said that agriculture is the primary…

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A: Future worth represent the worth of the present asset with determined rate of growth , if the Future…

Q: Question 3 (CL03): Answer the following questions based on figure given below? 100 200 300 400 500…

A: Since you have provided multiple subparts questions, we will solve the first three for you. If you…

Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…

A: The sum of a person's taxable income from all sources is totaled up and then divided by the total…

Q: A homogenous product is produced by two rival firms. They have the same costs. The market demand is:…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Suppose that the government is going to auction off permits equal to one third of total emissions in…

A: The cost that measures the cost of reduction of more environmental negative like pollution units is…

Q: 9. Prove that if the consumer is indifferent between commodity bundles (q,..,q) and (1) (1).…

A: Consumer preferences are homothetic preference when utility function is homogeneous of degree 1.…

Q: Amy must decide whether or not to make an investment that costs 1. The investment pays a return of…

A: In the given scenario, amy is a first mover and bil is a second mover in the game.

Q: In a perfectly competitive market:   marginal costs will be less than average costs.   all firms…

A: (Q) In a perfectly competitive market: marginal costs will be less than average costs. all firms…

Q: Suppose that the UK’s nominal GDP in 2018 was £2.1 billion, while the GDP in real terms for 2018 is…

A: Nominal GDP = 2.1 billion Real GDP = 1.4 billion

Q: The market research department of EZPub estimated that 5,000 textbooks would be purchased in Canada…

A: Demand shows different combinations of quantity demanded at different price levels

Q: (35) Consumers who gain the highest marginal benefit from a good supplied by a perfectly…

A: In perfect price discrimination, firm charges the price equals to the willingness to pay of each…

Q: Which of the following is correct about a monopsonistic market?  A-Resources are efficiently…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: All of the following are true about Bangko Sentral ng Pilipinas, except one     The capital of the…

A: The Bangko Sentral ng Pilipinas' principal goal is to foster price and financial stability, which is…

Q: a. One finding of the study is that the theaters attract traffic, which adversely affects the…

A: a) Because the social cost is larger than the private cost, the increased traffic is a negative…

Q: QUESTION 21 A decrease in price will increase consumer welfare or consumer surplus due to a. New…

A: Q21) "A decrease in price increases the consumer surplus."

Q: Private producers have no incentive to provide public goods because O A. the government subsidy…

A: The goods that tend to benefit all society members as they are being provided for free via free…

Q: 1. Due to the creation of the multiverse, two parallel universes, Universe 30.13 and Universe 30.14,…

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Q: Question 9 Which of the following is not true about Lindahl pricing? O a. There is unanimous…

A: As per the guidelines answer is provided to the first question i.e. Q9. Answer 9) "The Lindahl price…

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A: There are two determinants that can achieve permanent and higher economic growth. Capital…

Q: An economy produces three products, bags, computers and shirts. The prices and quantities of these…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Explain any five characteristics of the developing countries.

A: Developing countries are the ones which have not yet achieved the full development state. These…

Q: A. Consider a firm who sells output at p=10 and has a short run production function Q(L)=20L-L². Its…

A: MPL = dQ/dL VMPL= P*MPL  Wage = 40 and p=10

Q: Economics I know the answers are 21% 21% and $18,784,100 i just need to know how to get there. Month…

A: The total of a person's taxable income from all sources is added together and then divided by the…

Q: A. A rise in the price of coffee from S 1.5 to $2.8 results in a rise in the quantity of tea…

A: Elasticity measures the responsiveness of quantity demanded to change in prices.

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A: Long run equilibrium refers to the equilibrium that is achieved over a long period .The period could…

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A: The entire monetary or market worth of all finished products and services produced inside a country…

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A: Consumption function is a sum of autonomous and induced consumption. Autonomous consumption is…

Q: 4. In a CDS the accrual payment is a payment made by CDS and occurs when the to CDS defaults a.…

A: Investment refers to the dedication of an asset to attain a rise in value over a period of time.…

Q: Explain why a demand curve slopes downward.

A: The demand curve shows the inverse relationship between the quantity demanded and price level. or…

Q: Question 5 Describe what is meant by a learning curve. Provide a simple illustration of a 70% and an…

A: Learning is essential for anyone's skill or knowledge to grow, develop, and extend.As a result,…

Q: QUESTION 25 The Marginal Cost curve crosses the Average Total Cost curve at its maximum. True False

A: "Marginal cost represents change in total costs when one more unit is produced while average total…

Q: Discuss the importance of services to the economy

A: The economy of a country can largely be divided into three broad categories which include primary…

Q: If the social costs of an economic activity are $120 and the private costs are $75. then the…

A: Given:  Social Costs = $120 Private Cost = $75

Q: d. Double Declining Balance Method. BV;=P26,214.40

A: Given  Machine Cost P=80,000 Estimated life =10 years Salvage value F=5000 We have to calculate book…

Q: Question 7 Suppose that there is fear of a possible war in the future, reducing consumer confidence…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: 10.Which of the following would cause the demand curve for brooms to shift to the right, assuming…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: What is the Phillips Curve? Explain the theory behind it carefully.

A: A. W. Phillips is credited with developing the economic idea known as the Phillips curve, which…

Q: 1. If in a simple linear regression, SST = 315 and the sample correlation coefficient between your…

A: When talking abou linear regression model, there are different methods to determine sample…

Q: A speciality software development firm is planning to offer one of four new software products and…

A: According to the question,  A software development firm is planning to offer one of four new…

Q: b) A firm's total cost function is given by TC = 30 +200,+ 70 Where Q and Q, denote the number of…

A: Lagrangean approach minimizes total cost of production subject to total quantity constraint

Q: QUESTION 19 If your total profit is 8000 dirhams and your total revenue is 10000 dirhams. How much…

A: Q19) "Total profits are computed by deducting total cost from total revenue."

Q: I asked for question F to be answered, not A.

A: Total cost is the sum of a firm's total variable and fixed costs in producing a specific level of…

Q: Suppose that the government is going to auction off permits equal to one third of total emissions in…

A: Marginal abatement cost is the cost of reducing environmental negatives such as pollution. The…

Q: Rue's utility function is U(z, y) min{z, 3y}. Jules' utility function is U(z,y) min{z, y). (a) Which…

A: An indifference curve is a graphic presentation of integrated products that offer an identical type…

Q: Consider the following data on the X-product: a) What was the growth rate of nominal GDP between…

A: a) "Nominal GDP of a year is computed by multiplying price and quantity of that year."