Question 4 Suppose there is a decrease in supply in a market where the supply curve slopes upwards and the demand curve slopes downwards. Which of the following would not occur? a) An excess supply. b) A fall in price. c) A fall in supply. d) A fall in the equilibrium level of expenditure.

Q: Consider the production function F(K,L) = In(K*L). What is the marginal product of capital equal to ...

A: Given  Production function: F(K,L)=lnKL             ... (1) We have to calculate MP of capital at K=...

Q: Show that a monopolist with one product at the left end point would find it profit maximizing to ser...

A:

Q: Suppose income increases by 2 percent and the quantity of airplane travel demanded increases by 6 pe...

A: INCOME ELASTICITY OF DEMAND IS THE REPONSIVENESS OF QUANTITY DEMANDED FOR A GOOD TO A CHANGE IN CONS...

Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...

A:

Q: At the point of equilibrium of firm (under perfect competition)

A: To find: What happens at point of equilibrium of firm. 

Q: What are four non-price determinants of demand that are assumed constant, and that when changed, cau...

A: Law of Demand states that there exists inverse relationship between price and quantity demanded of g...

Q: Good Quantity 2017 prices 2018 prices 2019 prices A 10 1.750 KD 2.000 KD 1.750 KD 20 2.000 KD 2.000 ...

A: = consumer price index in current period = cost of market basket in current period = cost of m...

Q: Differentiate between a closed economy and an open economy

A: Economics is divided into two categories that are microeconomics and macroeconomics. Microeconomics ...

Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the unemploym...

A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped look...

Q: An individual earns $100 this and $100 next year. On the diagram below, draw the person's intertempo...

A: Income in this year m1 = $100 Income in next year m2=$100 r=5%

Q: PW on total investment. AE on total investment. a. b. C. FW on total investment.

A: Given: MARR=25% Number of years=10

Q: 1. Sunshine, Newspaper, Mirror, Legacy, and Tombstone refer to: a. Names of scandals that emerged du...

A: Recession: The term recession refers to the economic situation in which aggregate demand falls and u...

Q: In January 2019, the Egg Marketing Board announced that the egg quota would be reduced by 10% for al...

A: 10% is quota reduced for all the producers, it would create the less supply in the market or if the ...

Q: 53. The annual demand for Prizdol, a prescription drugmanufactured and marketed by the NuFeel Compan...

A: To simulate this problem, create a spreadsheet with the following values and formula: This will exa...

Q: PROBLEM IV. Consider an industry consisting of two firms (i = 1,2) that are engaged in a Bertrand pr...

A: Let's first learn that what is actually collusive pricing. It is said to be a scenario when few comp...

Q: hy will losses for firms in a perfectly competitive industry tend to vanish in the long run?

A: In the long run two conditions need to be fulfilled for market equilibrium in perfectly competitive ...

Q: If the economy were encountering a severe recession, such as the Great Recession of 2007-2009 or the...

A: If the economy were encountering a severe recession, such as the Great Recession of 2007-2009 or the...

Q: 10. Mobility of labour A. O Increases efficiency of labour B. O Spoils labour C. O Increases divisio...

A: "Correct option is D."

Q: The relationship between inflation rate and growth rate of real GDP 50% 45% 40% 35% 30% 25% 20% 15% ...

A: Inflation: It is the overall rise in the level of prices in the economy. In other words, it can be d...

Q: Discuss the kind of pressure the Health Maintenance Organizations (HMO) exerted on the price of drug...

A: The health-care system that provides insurance and services to its members.  The traditional HMO is ...

Q: What are some of the “controllable aspects” of a new market that the exporter may have control over?

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

Q: Engineering Economics A man deposits P58,454 each year into his savings account that pays 2% nomina...

A:

Q: The toble shown displays the marginal tax rates that correspond to each taxable income bracket for a...

A: First, let us calculate total taxes to be paid by both G and D. G's total taxes: First $10,000 @ 10%...

Q: Pp3

A: A perfectly competitive market refers to the market in which there are many firms that sell the iden...

Q: Identify the returns to scale (increasing, constant, or decreasing) for the following production fun...

A:

Q: Production Beef Wheat point A (pounds) (bushels) and В 2 and 7 and and C 4 4 The table above present...

A: Opportunity Cost: It is the cost of the next best alternative foregone. We know that the benefit we ...

Q: Which of the following are reasons that market prices might not reflect true social costs? O Monopol...

A: As we know that market price is determined by the market forces of demand and supply and it's intera...

Q: Distinguish between nominal GDP and real GDP?

A: Generally, there are two types of GDP: 1. Nominal GDP 2. Real GDP

Q: GDP is defined as the market value of all in a given time period. O a. final goods and services prod...

A: GDP is the value of all final goods and services produced within the domestic territory of a country...

Q: Expansionary fiscal policy uses government spending and taxes to increase aggregate economic activit...

A: Fiscal policy is undertaken by the government. It uses government spending and taxes to affect aggre...

Q: A computer company produces affordable, easyto-use home computer systems and has fixed costs of $250...

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

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...

A:  Cost of equipment = 65000 P Salvage value = 3000 Time = 6 years  

Q: By using the notions of fixed and variable costs explain why theme parks close in winter months

A: Fixed and variable cost Fixed cost refers to cost that remains fixed at all level of output and does...

Q: Compute for the iEff/bimonthly and iEff/monthly 15% Compounded semi-annually.

A: Answer: iEff/bimonthly = 14.64% iEff/monthly = 14.55%

Q: If the bargaining power of the workers increases due to the unions becoming stronger: A) The wage s...

A: The most important part of production is labor. The price that is being paid to labor for contributi...

Q: Imagine that you work at a theater, and there is a meeting concerning how to best increase the total...

A: Changes in the price of the product that leads to an increase in total revenue or decrease in total ...

Q: What is the difference between income inequality and wealth inequality? Why does this matter?

A: Please find the answer below.

Q: What is the main reason why GDP deflator and CPI differ from each other? A) CPI includes investment...

A: The measure that depicts the final value of goods and services being produced in an economy during a...

Q: In Ethics. The act of killing the priest inside the church during the mass is heavier act of killing...

A: It is already a serious crime to murder a priest. It would be much more serious if it is done within...

Q: The Lerner index at the equilibrium of the linear Cournot symmetric model is equal а-с to L (n) = wh...

A: Equilibrium price refers to the price under which the supply is equal to the demand in a perfectly c...

Q: Using the table below answer the following question   Price Quantity demanded  Quantity supplied $...

A: * ANSWER :-  Given that ,   

Q: Kerer to the information provided in table 4 below to answer the question(s) that follow. Table 4 $B...

A: Answer: (a). GDP=PCE+GP+NPDI+Exports-ImportsWhere,PCE=private consumption expenditureGP=government p...

Q: Population of a city is 45000. The city grows continuously by 2.1% per year  . If this trend continu...

A: Initial population (P 0 )=45000 Rate of growth (r)=2.1% per year                          (r)=0.021 ...

Q: Indifference curves represent: a) Ability to pay b) Total Utility c) Marginal Utility d) None of the...

A: Total utility refers to the total satisfaction that a consumer gets from consuming a good. Marginal ...

Q: Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can ch...

A: Answer -

Q: Use the following supply and demand schedules for skate boards in table 18.1, to answer the question...

A: Solution(a):- When the price ceiling of $700 i.e. above the equilibrium price is implemented, it is ...

Q: Which of the following is NOT an example of improper methods when conducting a cost-benefit analysis...

A: A cost-benefit analysis is a systematic process used by businesses to determine which decisions shou...

Q: You own a printing firm. Two of your senior managers provided you with advice. The first manager sta...

A: The profit of a firm is calculated by subtracting the total costs incurred on production from the to...

Q: construct conceptual framework in a scenario of students and future employees in university

A: The researcher's synthesis of the literature on how to explain a phenomenon is represented by a conc...

Q: “How to allocate limited resources in an efficient way (as emphasized in an introductory economics c...

A: limited resources - The term limited resources specifies that a country has limited amount of capita...