Refer to Figure 2-13. Which of the followings statements is most accurate about payments for goods and services? Question 5 options: They are received by households in the factor market. They are received by firms in the factor market. They flow in a clockwise direction. They flow in a counterclockwise direction.
Q: List five platforms for sharing economy 2. Explain how to use a well known sharing economy platform…
A: Individuals and groups can profit from underutilized assets by participating in sharing economies.…
Q: if both x1 and x2 are "bads", utility will increase i) As x1 or x2 increases ii) As the marginal…
A: Dear student, as you have posted multiple questions but according to the policies and guidelines of…
Q: There are three new employees at your company. One has been assigned the cubicle next to yours. You…
A: It is given that the new employee is given a cubicle next to me. We both are dating each other.
Q: Should America help support countries with weaker economies in hard times? Consider how the global…
A: Helping and supporting weaker economies will be a social action initiated by such large economy.…
Q: Goods produced on small scale have
A: Formula to calculate elasticity of supply:- ES=∆QS∆P×PQS Where; Q= Quantity supplied P= Price
Q: The graph for the MPL has a negative slope but it's above the horizontal axis. This means that: a.…
A: MPL (Marginal productivity of labour): MPL refers to the increase in the total production when…
Q: A company is considering buying a CNC machine. In today's dollars, it is estimated that the…
A: First Increase the maintenance cost on the basis of the inflation factor 4%. Then find their present…
Q: A good economic theory
A: Economic theory is a set of broad ideas or assertions that attempt to explain economic reality. It…
Q: 4. Which one of the following newspaper quotations describes a shift to the left of the potential…
A: Every economy's main goal to achieve the production at potential level . At potential level economy…
Q: QUESTION 5 Player 2 Left P1: $12 P2: $45 P1: $10 P2:$10 Player 2 Left P1: $22 Player 1 Up P2: $22…
A: Answer (5): Dominant strategy: dominant strategy refers to the strategy always chosen by a player no…
Q: 8. Short-run and long-run effects of a shift in demand Suppose that the turkey industry is in…
A: There are various factors that affect the demand and/or supply of a particular good and/or service.
Q: what is the deadweight loss due to a $2 tax? a) 200 b) none c) 50 d) 100 e) 150
A: A deadweight loss is a cost that is incurred by society as a result of the inefficiencies of the…
Q: Is there any graph that can support this answer?
A:
Q: The diagram below represents an increase in the price of scallops. Based on the graph, indicate…
A: In the above diagram, the initial equilibrium is A where budget constraint (BC1) intersects with the…
Q: U = x10,5x2: P1 = 10; p2 = 5; and m = 192. The demand for x₁1 is: x1 =_________/p1. Round your…
A:
Q: Consider the case where there is a consumer in the market with a demand of P = 60 - 2q. A monopolist…
A:
Q: A10 An effective price ceiling causes a loss of: a) consumer surplus for certain and possibly…
A: The two types of pricing rules are binding and non-binding price limits. Because they do not produce…
Q: Which of the following is true in the United States? O A. Only state governments can collect taxes.…
A: The answer is - D. Only the federal government can collect taxes
Q: Dillon sells football. When output = 200, average fixed costs (AFC) = $3; and total variable costs…
A: Total cost is a sum of fixed cost and variable cost.
Q: a) Complete the table below considering that the GDP of Ireland (at 2005 market prices) grew from 79…
A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…
Q: According to the Quantity theory of Money, MV=PT, the two sides of the equation O Is mostly correct…
A: MV = PT where M is the money V is the velocity of money which means how many times the money has…
Q: Where are you getting the number 11?
A: The gap between income and spending in an economy is the budget surplus. A budget surplus occurs…
Q: Assume that a firm has the following data for the year ended 12/31/2019: Sales: $300 Depreciation…
A: Introduction Gross margin and operating margin helps to measure the income statement of a firm.…
Q: $4.00 $3.50 $3.00 $2.50 $2.00 $1.50 $1.00 $0.50 $0.00- 0 5 10 15 Quantity A price floor set at a…
A: Price controls are government measures to control the prices of goods and services in a competitive…
Q: If the four firms listed below represent the entire auto market, how many cars wi supplied at a…
A: Market supply refers to the horizontal sum of individual supply.
Q: Illustrate the differences
A: The field of economics is distributed into microeconomics, i.e., the analysis of individual markets,…
Q: Briefly describe what the effect of producing a greater quantity of products will be in relation to…
A: Introduction A perfectly competitive firm simply has to make one fundamental decision: how much to…
Q: While the term short straddle is removed from insurance company, insurer is in the position similar…
A: Introduction Short straddle is an option strategy consisting of selling both call and put options at…
Q: Which research method below is not quantitative? A fMRI B Conjoint analysis C Eye…
A: Quantitative research methods focus on objective measurements and statistical, mathematical, or…
Q: A monopolist engaging in third-degree price discrimination I. has lower profit than a monopolist…
A: According to the third-degree price discrimination, a company charges a different price to different…
Q: demonstrate and explain how costs concepts help in managing production between the shortrun and…
A: When businesses change output levels over time in response to anticipated economic gains or losses,…
Q: Why is economic growth a goal of most if not all nations of the world? Why is investment in…
A: Economic growth is primarily used to explain an increase in the total production of output or…
Q: What is free trade? Write down merits & demerits of free trade.
A: In economics, trade explains an interaction between two or more people to make an exchange of…
Q: DEMAND Describe the determinants of demand. Why are they important?
A: Demand refers to the total amount of commodity that individuals demand from a marketplace and give…
Q: Question #2: 2) Your company purchases a new CNC machine for $100,000 today (beginning Year 0). In 8…
A: To find the total cost per part we need to find aggregate annual cost of the CNC machine . Initial…
Q: The blue curve on the following graph represents the demand curve facing a firm that can set its own…
A: A manufacturer's extra money by selling one more unit of his product is referred to as "marginal…
Q: what do you think is the source of labor market discrimination against obese people? Would market…
A: Obesity is growing more common, a severe public health concern worldwide and one of the leading…
Q: economy is productively efficient when producing [Select] the oduction possibilities frontier and it…
A: Production possibility frontier shows the different combinations of two goods that can be produced…
Q: What are some of the pros and cons of expansions and contractions in consumption in a country when…
A: Countries that are more open to foreign commerce tend to grow quicker, innovate, enhance…
Q: Discuss "MARKET ECONOMY (CAPITALISM)" with definition, characteristics, examples, advantages and…
A: Economic system refers to the type of system prevailing in the economy. There are three types of…
Q: The international Bank for Reconstruction and Development known as came…
A: There was a huge economic as well as human loss during World War II. Almost all the nations which…
Q: Suppose an economist develops an international trade model based on the assumption that there are…
A: The Ricardian model shows the likelihood that industry in a created country could contend with…
Q: You want to buy a new machine. It's going to cost $200,000 and have a salvage value of $15,0 after 7…
A: Let us assume the annual revenue which would provide 12% return be 'x' . If we discount the net…
Q: The Economics Student Club has $30 to spend on pizza and pop at each of its meetings. If pizza costs…
A: The total number of products that can afford within the present budget is referred to as a budget…
Q: Kevin invests $5000 at an APR of 5.6% compounded monthly. Carl invests $4800 at an APR of 6.2%…
A: Given values: The investment amount of Kevin = $5000 The investment amount of Carl = $4800
Q: Identify the segment that represents the corresponding letter) Ű A D Firms B C payment for factors…
A: An economic system that depicts the movement of money through into the economy is the circular flow…
Q: Refer to the table below which shows the total cost of producing various output levels in the long…
A: Diseconomies of scale refers to the increase in average cost of production when firm increases…
Q: You own a restaurant. Your input prices are rising frequently, and you find it necessary to change…
A: We have been given in the question that we own a restaurant and our input prices are continuously…
Q: Please do the both questions I will be give you Upvote 3: If a country increases its money supply…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: carlos invests $6000 in a 24 month CD that has a 4.75 interest rate. use the formula to find how…
A:
Refer to Figure 2-13. Which of the followings statements is most accurate about payments for goods and services?
Question 5 options:
|
|
They are received by households in the factor market. |
|
|
They are received by firms in the factor market. |
|
|
They flow in a clockwise direction. |
|
|
They flow in a counterclockwise direction. |
Step by step
Solved in 2 steps
- Give atleast short definition about the statement of the problem given below.Student question Time Left : 01:59:43 Ch. 4. Agglomeration Economies and Equilibrium vs. Efficient Cluster Size. The graph shows the relationship between the number of firms in a cluster (on the x-axis), against the profit per firm (on the y-axis). The curve shows the profit per firm as cluster size varies. Point A shows a single isolated firm, which earns a profit of 7₁ T2 T3 π1 1 b Profit per firm Profit: isolated firm 6 Number of firms in a cluster 14 a. Identify the point on the curve that represents the Pareto efficient outcome. What is the Pareto efficient number of firms and profit per firm? b. Identify the point on the curve that represents the Nash equilibrium outcome. What is the equilibrium number of firms and the equilibrium profit per firm? c. In one to two sentences, explain why your answers to parts a & b are different (or why they are the same, if that's the case). For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).7 4. Profesör Çabuk homotetik bir fonksiyonu γ’ıncı dereceden homojen bir fonksiyonun monotonik artan bir fonksiyonu olarak tanımlamaktadır. Profesör Varian ise homotetik bir fonksiyonu birinci dereceden homojen bir fonksiyonun monotonik artan bir fonksiyonu olarak tanımlamaktadır. Hangisi doğrudur ve niçin?
- Think back to a purchase that you made recently. How would you describe your thinking before you made that purchase?HighFlyer Airlines wants to build new airplanes with greatly increased cabin space. This will allow HighFlyer Airlines to give passengers more comfort and sell more tickets at a higher price. However, redesigning the cabin means rethinking many other elements of the airplane as well, like engine and luggage placement, and the most efficient shape of the plane for moving through the air. HighFlyer Airlines has developed a list of possible methods to increase cabin space, along with estimates of how these approaches would affect the planes operating costs and ticket sales. Based on these estimates, Table 13.5 shows the value of R, how much should the firm invest in R on top of the private return; that is, an R private return to HighFlyer Airlines would have a 9 social return. How much investment is socially optimal at the 6 interest rate?What is productive efficiency? Allocative efficiency?
- Return to the example in Figure 2.4. Suppose there is an improvement in medical technology that enables more healthcare wilt line same amount of resources. How would this affect the production possibilities curve and, in particular, how would it affect the opportunity cost of education? Figure 2.4 Productive and Allocative EfficiencyWhy is a production possibilities frontier typically drawn as a curve, rather than a straight line?A6. 1.Adam and Zoey are competing fish and chips sellers in Linear City. They are located at the twoopposing ends of the town’s 3-mile-long Main Street. The 1700 inhabitants of the town are distributeduniformly on Main Street and each of them eats at most one portion of fish and chips for lunch. People’sdisutility from getting to a fish and chips stand and back home amounts to $2 for each mile of distanceto the stand. The marginal cost of producing one portion of fish and chips is $9. The consumers areuniformly distributed along the street. Each consumer has a valuation of $29.0 for the product. Supposethat both Zoey and Adam can advertise at zero cost to inform everyone about their business. Find theequilibrium price of Zoey if neither of the two sellers advertises.
- (Hint: Example 11.4, p.162/280) Avis Company is a car rental company that is located 3 miles from the Los Angeles airport. Avis is dispatching a bus from its offices to the airport every 4 minutes. The average traveling time (round trip) is 30minutes. a- How many Avis buses are traveling to and from the airport? b- The branch manager wants to improve service and suggests dispatching buses every .5 minutes. She argues that this will reduce the average traveling time from the airport to Avis offices to 2.5 minutes. Is she correct? If your answer is negative then what will the average traveling time be?2. Rewrite the Literature for your Research by referring to the mentioned paper, this canbe a part of your literature study. Imagine you wanted to work with the followingresearch question: “In India, which factors motivate the vendors (running small/ microfirms) to utilize WhatsApp?”.Instruction: Imagine yourself working on the above research, and refer the mentionedpaper as a major part of your literature study. Cite most of the past researchesmentioned in this paper and prepare a literature write-up not exceeding 1000 words.Make sure your literature write-up is aligned with the research question mentionedabove. For more information about any research that has been referred by Modak andMupepi, you may download it using NMIMS digital Library.The accompanying table presents the expected cost and revenuedata for the Tucker Tomato Farm. The Tuckers produce tomatoesin a greenhouse and sell them wholesale in a price-taker market.a. Fill in the firm’s marginal cost, average variable cost,average total cost, and profit schedules.b. If the Tuckers are profit maximizers, how many tomatoesshould they produce when the market price is $500 perton? Indicate their profits.c. Indicate the firm’s output level and maximum profit if themarket price of tomatoes increases to $550 per ton.d. How many units would the Tucker Tomato Farm produce ifthe price of tomatoes fell to $450 per ton? What would bethe firm’s profits? Should the firm stay in business? Explain.
