show calculations    A wheat seed dealer has a cost function: C = 100 + 20Q +Q2. Inverse demand is: P = 620 -2Q. Maximum profit is: A. 38,400 B. 36,200 C. 39,200 D. 29,900

Q: True or false and use a graph to explain: when the costs of pollution abatement are uncertain,…

A: A corrective tax, also termed to be a Pigovian tax fixes the pollution price and on the other hand…

Q: 2. Suppose GDP equals $09 trillion, consumption equals $3 trillion, the government spends $2.5…

A: The amount of cash that families, companies, and governments save is measured by the National…

Q: Please breifly explain the following economic meanings: Benefit principle of taxation Free riding…

A: Taxation refers to the process by which a government basically collects revenue from its citizens…

Q: PART IV: For all questions in this section reference the graph below. -30- 20 -10- 0 n. o. 10 20 If…

A: Shortages and surpluses are important concepts in economics that describe imbalances between the…

Q: Box 3 - Write down the cognitive bias you are illustrating Box 4 - Explain how the advertisement you…

A: Box 3: Anchoring bias

Q: n the Stackelberg model, the firm that sets output first has an advantage. Explain why using your…

A: Introduction According to the Stackelberg leadership model, each firm in the game moves in turn the…

Q: The economy has part time workers of 20 million people, and full time workers of 140 million people.…

A: The unemployment rate is the percentage of people  in the labour force who are unemployed.  As a…

Q: 1. The basic aggregate demand and aggregate supply curve model help explain A) fluctuations in real…

A: Aggregate demand can be defined as the total amount that has been spent on the goods and services…

Q: Describe how each of the following transactions affects the U.S. Balance of Payments. (Recall that…

A: An international market is known for the trade between various nations. It means that when two or…

Q: To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the…

A: Public policy refers to the actions and decisions taken by the government to address public issues…

Q: Would you be able to answer the second question now? Thank you!

A: Unemployment rate will be calculated as unemployed divided with the labor force; and multiplied by…

Q: See the game tree below. There are two players - player 1 and player 2. Player 1 moves first and…

A: Sub game perfect Nash Equilibrium: A Nash Equilibrium is said to be subgame perfect if and only if…

Q: The demand for dress shoes is represented by the figure below. Using the midpoint formula calculate…

A: Elasticity illustrates the responsiveness of demand or supply to changes in price or income. It…

Q: PRICE Point A to Point D Point A to Point B Point C to Point B A Point C to Point D D B C D₁…

A: Demand curve is the downward sloping curve.  The factors affecting demand are income of consumer ,…

Q: Law of supply states that as the price of a good O increases, suppliers want to supply less of that…

A: Supply is the quantity of a commodity that a seller is willing and able to sell at each possible…

Q: When a consumer purchases an item on credit at a luxury store, she pays an effective interest rate…

A: Effective interest rate is the real or actual yield of any investment which the investor earns…

Q: True or false and use a graph to explain: a) can it be welfare-improving for governments to…

A: Social welfare is an important economic concept in the welfare economics. In welfare economics, we…

Q: Q1) Under what circumstances could a producer extract the entire consumer surplus in the below…

A: Consumer surplus is a measure of the benefit that consumers receive from purchasing goods and…

Q: For a certain company, the cost function for producing a items is C(x) = 40 + 150 and the revenue…

A: Profit is the money you have left after paying for business expenses. In business usage, it is…

Q: Why do you even need a checking account? Why not just use cash?

A: A checking account is a type of bank account that allows individuals to easily deposit, withdraw,…

Q: b. Suppose that the price of scones = $3, coffee costs $2.5 per cup, and average annual disposable…

A: The mathematical relationship between the quantity demanded of a product or service that consumers…

Q: List two possible solutions private insurance firms have at their disposal to correct the market…

A: Asymmetric information also called "information failure" is when one party to an economic…

Q: Match the nonprice determinants of supply and demand. (Click the appropriate box) Determinant…

A: The notions of demand and supply forms the basic building block of  microeconomics. Effective demand…

Q: a) Can the threat of a price war deter entry by potential competitors? What actions might a firm…

A: Monopolistic competition refers to a market structure characterized by many firms producing…

Q: The US government has established a minimum wage (price floor). Where on the graph above would you…

A: Price controls are used by the government to influence the prices of goods and services in the…

Q: Assume that there is two-person two-commodity pure exchange economy. A's utility function is u¹(x,x)…

A: Given information Consumer A and B Utility function of consumer AUA=X1A+lnX2AEndownment…

Q: Do you agree that globalization is the most dominant force controlling our lives today? Explain or…

A: The process of linking and interconnecting the world through trade and technology is known as…

Q: What is the percentage change in the number of units sold if the company wants to maintain its…

A: To calculate the percentage change in units sold, we need to determine the break-even point, i.e.,…

Q: Fiscal policy of increasing government expenditures can be more potent than monetary policy in…

A: Fiscal and monetary policy: Fiscal policy signifies the policies taken by the government of an…

Q: 7. An increase in the price level results in a(n) because in the quantity of real GDP demanded A)…

A: Aggregate demand depicts the relationship among level of price and the quantity of real GDP demanded…

Q: An increase in consumer incomes would be illustrated by the shift from D to Coffee D1. D (click on…

A: Income of the consumer is one of the most important determinant/factor affecting demand. The change…

Q: 39. An economy described by the AS/AD model: C = 13+.8YD, I = 10, T = 10, t =.25, G = 35,…

A: Y = 13+.8YD + 10, T = 10, t =.25, G = 35, NX = 10-5P-.1Y AS = 5P.

Q: 15) Sweetland's GDP is $100 billion, desired consumption is $70 billion, desired in- vestment is $30…

A: Export refers to the sale of goods and services produced in one country to buyers in another…

Q: Kevin and Maria Singh live in Conshohocken, PA. Maria's father, Rajiv, lives in Sweden. for each of…

A: Gross domestic product (GDP) is the market value of final goods and services produced by a nation…

Q: During an election year, the President and Congress announce that they will give a $1000 tax rebate…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Demand curve…

Q: please answer second question as a different question now!

A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…

Q: PM= PA+PB = Set gaga because of open access and indivisibility (i..e., no rival in consumption)…

A:

Q: Consider a $1200 bond that makes $30 annual coupon payments. If the interest rate is 2 percent and…

A: The present value is a measure of the value of a future payment or the series of future payments…

Q: Which elements of the cultural web are prominent in this account of Rothschild banking?

A: A bank is a type of financial institution that is allowed to take deposits and provide loans.…

Q: Mexican imports of U.S. goods, this would O Create a supply of pesos O Create a supply of dollars O…

A: In the international market, any exchange of goods and services between the countries will lead to…

Q: What is the best way to do this outside of Excel using Compound Interest Tables

A: When the project has different lives, it will be compare over the least common multiple method

Q: Only typed answer Suppose that an economy has the following functions for C, I, G, and NX: C= 51 +…

A: Introduction In economics, a multiplier is a numerical coefficient that illustrates the relationship…

Q: When the price of fried chicken increases, the demand curve for fried chicken Oshifts to the left or…

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

Q: "How might large federal deficits affect future economic growth?"

A: Federal deficit refers to the amount by which a government's spending exceeds its revenue in a given…

Q: Question 2 I NEED DIAGRAMS Use the one-period model to explain why tax on capital is not a good…

A: Capital tax is that portion of the income given by the individual; to the government of the nation…

Q: With the help of a diagram analyse the concept of; A) Aggregate Demand

A: AS is the total quantity of output firms will manufacture and sell—in other words, the real GDP. The…

Q: 12) A consumer's preferences are given by U(X,Y)=X0.6y04. The price of X is 4, and the price of Y is…

A: Consumer preferences refer to the wants and needs of consumers, which guide their purchasing…

Q: What is the maximum amount you would pay for an asset that generates an income of $250,000 at the…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: 1.28 Use economic equivalence to determine the amount of money or value of i that makes the…

A: Economic equivalence  is a combination of interest rate and time value of money to determine the…

Q: New cars are normal goods. What will happen to the equilibrium price of new cars if public…

A: Normal Goods  are goods which experience an increase in demand due to an increase in income.…