Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answe er. a the market for TV shows the market for barley the market for gold d the market for gas stations.

Q: refute this statement with reasons The government should impede the pace of innovation, whic...

A: here we answer this given as follow;

Q: Total Cost AVC AFC ATC MC -- -- 1 25 40 65 a5 20 16 20 216 25 29 3 15 20 25 4 105 145 4 (15) For any...

A: Since you asked for only drawing the diagram, we are doing that only.

Q: Investments require savings. Which of these is not a component of investments in a country's economy...

A: Investments are defined as the production of those goods and services that are used to produce other...

Q: POn the basis of quarterly sales (in $ lakhs) of a certain commodity for the years 2001-2005 the fol...

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Q: 7. Fred's Factory 200 a'ne Fred' Factory sells in a perfectly competitive market. Fred's production ...

A:

Q: The Food and Drug Administration (FDA) is the arm of the government that implements safety in the fo...

A: Redistributive policies are those that transfer resources from one party to another. Eg, food stamps...

Q: Exercise I.1 The figure below shows the utility function of a representative individual as a functio...

A: According to question government must tax 50% of utility for any individual . So , Person with incom...

Q: What is the economic profit for this profit-maximizing monopolist? ATC MC 30 Profit 22 MR 120 Output...

A: Under a monopoly form of market, there exists only one seller and a large number of buyers. The mono...

Q: Suppose a country exports $60 million worth of goods and services, while it imports $50 million wort...

A: The term GDP means the aggregate total output produced by a country in the current year. This produc...

Q: 1. Find the returns to scale for the following production functions: a. q = K 34L_34 b. q = KLM c. q...

A:

Q: QUESTION 8 Suppose that the production function y-f(x_1,x_2) (where: y is output level, x_1 is a var...

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Q: Figure 8-8 Suppose the government imposes a $10 per unit tax on a good. Price 24 22+ 20 18 Supply 16...

A: Tax in any economy creates the dead weight loss which is the sum of loss in consumer and producer su...

Q: (a). The consumer price index over a certain period increased from 120 to 215 and the ages of a work...

A: The answer is given in the attached picture:

Q: A(n) __________ is an organization owned by shareholders who have limited liability and limited cont...

A: The partners liability is limited and not arises of personal liability is the benefits of this limit...

Q: Kyle's utility function is U = 2.7X +2.7Y, where X is units of good X and Y is units of good Y. What...

A: Marginal utility of good X can be calculated by differentiating utility function partially wrt X. MU...

Q: 2. Given: Q 100K".“L08; w = 50; r = 80; Qo = 2,000 w a. Solve for the MRTSK and the market rate of e...

A: Answer is given below... 

Q: following situations may give rise to moral hazard: [Select all the correct options below.] O. The w...

A: [1] If the pay of buyers is not known to monopolists then it will be hazardous as it will underestim...

Q: We plan to compare economically two design altérnatives (A añd B) Tor a heW Plde (the Scream Machine...

A: given that, Investments in machines A and B are $300000 and $450000 Annual revenue for machines A an...

Q: At a price of $4.81 per pound, the supply for cherries is 16,130 pounds, and the demand is 10,348 po...

A: Given: At 4.81, supply=16130, demand=10348 Ar 4.22, supply=10950, demand=12824

Q: What is Cost-push inflation? Mark all of the following that are true of Cost-Push inflation 4 correc...

A: Cost Push Inflation is referred to as increase in the aggregate prices with the increase in cost of ...

Q: In using variance reports, management looks for more efficient ways of valuing inventories. signific...

A: The difference between the standard output and the actual output is calculated using variance analys...

Q: The accompanying graph represents the aggregate consumption function for the small island nation of ...

A: Increase in the income leads to increase in the expenditure of consumption, thus when there is incre...

Q: uppose the carwash market is monopolistically competitive and that businesses in this market are cur...

A: In a monopolistic competitive market there are large number of firms producing similar but not ident...

Q: Consider two people called Young and Old. Young and Old live together. Young can choose to party or ...

A: Bargaining or haggling is a type of negotiation in which the buyer and seller of a product or servic...

Q: Civilian Employment = 157722 Unemployment = 6270 Not in Labor Force = 99333   Use the values abo...

A: Answer is given below

Q: The following graph shows the market for loanable funds in a closed economy. The upward-sloping oran...

A: Demand for loanable funds is negatively related to interest rates. It means an increase in interest ...

Q: Consider a simple economy with a single good: bread. There are 5 loaves of bread and two potential c...

A: Concept Pareto efficiency, also known as Pareto optimal, is an economical situation in which resourc...

Q: briefly explain returns to scale.  Explain the variable costs in the cost function

A: returns to scale allude to the rate by which result/output changes on the off chance that all source...

Q: A man purchased a share or Stock for P135.OO six years ago and has received a dividend of P6.00 at t...

A: The rate of return is the return. an investors receive on his or her capital duriñg a period of time...

Q: Do you think that economists should place a dollar value on “goods” and “bads” when computing GDP?

A: In an economy, GDP is used as the measurement of national income using different methods as they all...

Q: Please help!! Barbara is an economist researcher and commentator. The Eco Books Ltd offers her $13,0...

A: The book which the lady relegates a copyright and sells it for $13,400, this pay is the primary pay....

Q: Suppose that autonomous consumption is 1,500, government purchases are 500, planned investment spend...

A: We can find the equilibrium GDP by the following formula: Y = C + I + G + NX where,  Y is equilibriu...

Q: Modern economic growth theory asserts that "depending up on how much human capital they have, and ho...

A: The above statement is - TRUE

Q: Question 10 Suppose a firm produces two goods, A and B. If they produce the goods jointly, the total...

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Q: True or false: A lump-sum tax on a monopolist will always increase the price charged by the monopoli...

A: If we assume that government impose 10% tax on the monopolists, then the fixed costs of the firm wil...

Q: It is found that 35 of 250 housewives in Delhan, 22 of 220 housewives in London and 39 of 300 housew...

A:

Q: Currently, interest rate on euro is near zero while the (Fed Funds) interest rate on dollar is about...

A: Interest rate on euro = 0 Interest rate on dollar = 2.5%  The expectation for  the 6-month forward r...

Q: Explain the impact of Minimum wage laws on the labor supply, and provide statistical data for the sa...

A: The law of demand applies in labor markets thusly: A more significant payor wage-that is, a greater ...

Q: Briefly explain allocative efficiency and how it is achieved.

A: Demand curve had an indirect relationship with the price. 

Q: What is the need for integrating both the main branches of economics i.e Micro economics and macro e...

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Q: Which of the following is a reason that consumption depends on current income, and not just on total...

A: The connection between the consumer spending and the different factors that influence it is known as...

Q: Please derive mathematically the condition for consumer equilibrium then give a short intuitive on w...

A: The phrase "consumer equilibrium" refers to a state in which a consumer gets maximum satisfaction wh...

Q: Today, you invest P100,000 into a fund that pays 28% interest compounded annually. Three years later...

A: Compound interest formula : Final amount = Principal (1+interest rate/number of compounding periods)...

Q: Suppose that the elasticity of demand at a given price level is E(p)-D1.5. What does that mean? Sele...

A: Some products' prices have been determined to be highly inelastic by economists. That is to say, low...

Q: Briefly explain the concept of universal health coverage and the strategies employed in Caribbean co...

A: The basic provision of health care to all individuals and communities regardless of their financial ...

Q: Suppose that over the past year, the real interest rate was 4 percent and the inflation rate was -1 ...

A: Inflation is the rate at which the value of a currency is falling and, consequently, the general lev...

Q: 2) Assume: Q(S) = 3P; Q(D) = 200 -P %3D a) What is the equilibrium P and Q? Explain b) If there is a...

A: We can find equilibrium by equating supply equal to demand i.e. Q(S) = Q(D)

Q: When a factor market has only one demander of labor, the market is labeled a (n) (A) Natural monopol...

A: In economics, a monopsony is a market structure in which a single buyer substantially controls the m...

Q: Suppose that output q is a function of a single input, labor (L). Describe the returns to scale asso...

A: Returns to scale: when all factors of production changes in a given proportion, then output could ch...

Q: An investment of $100,000 in safe 10-year corporate bonds yields an average of 9% per year, payable ...

A: The correct answer is given in the second step .