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Q: Supply tends to be more elastic in the short-run, and less elastic in the long-run. Group of answer…

A: The notion of supply is used in economics to determine the quantity of an item or service produced…

Q: Question 2 The following information reveals the market condition of shampoo: Price ($)/ bottle…

A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product…

Q: npare the alternatives shown on the basis of their capitalized costs using a MARR of ernative t…

A: Answer given below,

Q: monopolist has a (high/low) price elasticity of demand for its output.  A monopoly is always…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Indicators of income inequality and poverty Country Gini coefficient Ratio of income at Poverty…

A: The "Gini coefficient," which is directly linked to the Lorenz curve, is the most commonly used…

Q: 15. C = 50 + 0.8Yd G =80 |=70 T=100 Based on the information given above, calculate the national…

A: The equilibrium level of the national income is defined as that point where the aggregate supply and…

Q: Suppose that a country has a produ ction function, where Lis labour, K is capital and A is total…

A: At steady state, change in capital per worker is zero, that is investment equals break-even…

Q: Does Airline regulation mean friendlier skies?

A: When there is only one airline company is present then it may lead to generate the problem of…

Q: If Canada is said to have a balance of payments deficit,this means that OA.the Bank of Canada…

A: In an open economy, the balance of payment account is one in which a country records all of its…

Q: If the price of oil falls, what would happen in the market for oil field workers? Select an answer…

A: When the prices of oil falls, this leads to decrease in the willingness of producer to produce more.…

Q: A bank account pays 3% interest with monthly com- pounding. A series of deposits started with a…

A: According to question, below information given : Interest rate (i) = 3% Monthly rate = 0.25%   and…

Q: 1. How long will it take for an investment to triple at 10% per year (a) simple interest and (b)…

A: Given: Interest rate=10% Note: Due to multiple questions being posted, the first question has been…

Q: 5. Costs in the short run versus in the long run Ike's Bikes is a major manufacturer of bicycles.…

A: Answer: Long-run average total cost: it is the smallest short-run average cost to produce a…

Q: 4. Anentrepreneurintends to sell his product for 6.4$ each. The daily cost or expenses can be…

A:

Q: Please use the supply and demand model for reserves, to show on the graph how a decrease in reserve…

A: Open market operation refers to the selling and buying of government bonds by the central bank.

Q: Consider a Bertrand oligopoly with two firms (Firm 1 and Firm 2) both selling goods that are…

A: Best response function is determined where MR = MC

Q: 2. Consider the production function, f (z1, z2) = z} z . (a) Solve the PMP for factor demands z (p,…

A: To find the profit maximizing problem . We need to first find profit and then take  partial…

Q: Discuss extensively and with examples the economist perspective on economic cooperation, economic…

A: (A) Economic cooperation,  Economic cooperation is a sort of international cooperation that tries to…

Q: Match the Department Directions Match each agency in Column 1 with its correct description Column 2.…

A: The measure that depicts the increase in the production of services and goods in the economy is…

Q: The real exchange rate between the U.S. dollar and the Canadian dollar will remain constant if an…

A: Exchange rate is the rate at which the national currencies are exchanged . And the value of exchange…

Q: f you were a foreign investor, would you want to invest in a consumer electronics company in Japan?…

A: Investing is the process of putting money aside today in exchange for a future return. The most…

Q: Many countries have constitutional requirements that their budgets be in balance (or in surplus) in…

A: A budget is a yearly monetary arrangement. The arrangement portrays how income will be created and…

Q: Suppose the equation for the demand curve in a market is P=100 – 20. Also, suppose the equation tor…

A: When there is a negative externality, social cost is the sum of private cost and external cost.

Q: Is it possible for the defendant to become the plaintiff in a case? If yes, why? If no, why?|

A: The person that was harmed due to some incident then it is considered here as the plaintiff while…

Q: Table 24-7. The table below applies to an economy with only two goods – hamburgers and hot dogs. The…

A: Cost of living is measured by consumer price index which fixes the quantities of the goods constant.

Q: For demand function Qd = a - bP and supply function Qs = dP - c , using Cramer’s rule determine…

A: At equilibrium, demand function (Qd) = supply function (Qs) Let say, (Qd) = (Qs) = Q Q = a - bP Q +…

Q: Administration costs make small loans less profitable for banks than large ones, other things equal.…

A: Answer: The exact amount of administrative costs is the same for small loans as well as large loans.…

Q: Risk faced by the world economy as a result of Russia-Ukraine war

A: The world economy may be a collection of nations from everywhere the globe that are linked by…

Q: In short-run production where labor is a variable input, the relationship between marginal product…

A: We are given, Economy is in short run. Labor is the variable input. Marginal cost of production =…

Q: The residents of the town Ectenia all love economics, and the mayor proposes building an economics…

A: Demand = 12-P Variable Cost = 0 Fixed Cost = 2,000,000

Q: A firm is considering purchasing computers that will reduce annual costs by P40,000. The Computers…

A:

Q: Earlier we mentioned the special case of a monopoly where MC = 0. Let’s find the firm’s best choice…

A: We have MC = 0 and Equilibrium output is produced where MR= MC MR = dTR/dQ

Q: The table below shows the costs of a firm that produces handmade pottery vases in a competitive…

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the…

Q: A computer engineer is considering the purchase of a laptop whose operating characteristics are…

A: Fundamentally, engineering economics entails defining, estimating, and evaluating economic…

Q: Suppose that we are in a country Localia, again trading LCL as our currency. We are still trading…

A: NER nominal exchange rate at which one country's currency is changed for another country's currency,…

Q: (millions of tons) Key Torland Leeland 20 15 10 5 5 10 15 20 25 Honey (millions of tons) Figure 2…

A: Comparative advantage is when a country is able to produce a particular good or service lower…

Q: Demand and Cost facing Monopolist Total Total Marginal Marginal Total Price Quantity Variable Profit…

A: Total revenue can be calculated by multiplying the number of goods by the prices. Profit can be…

Q: The Liquidity Preference Theory suggests that 'A reduction in the money supply raises the interest…

A: Answer -

Q: Maria loaned an amount of 100,000Php payable in 15 equal quarterly instalments. The first payment…

A: The capacity of an asset to create returns that are then reinvested or stay invested with the…

Q: onsider a competitive industry. Every firm in this industry has a total cost function C (y) = y² + 1…

A: C(y) = y2 + 1 AC = y + (1/y) d(AC)/dy = 1 - (1/y2)  To minimize AC 1 - (1/y2) = 0 1/y2 = 1 y2 = 1 y…

Q: PQ 19.09 (and PQ 19.06) At a fish farm, which is operating in a perfectly competitive market,…

A: We have wage = 120 which is the indeed marginal cost of worker.

Q: 3. A nation consists of 2 political parties, Democrats and Republicans. The Democrats care more…

A: Phillip's curve equation : π = πe + 1.5(ut - 0.05 ) Probability of democrats winning = Probability…

Q: Suppose the equation for the demand curve in a market is P=100 – 2Q. Also, suppose the equation for…

A: Socially optimal equilibrium is reached where social demand equals social supply.

Q: Cournot Duopoly: Suppose two firms produce identical products and they have identical consta…

A: A firm maximizes its profit by producing its output at a level where its marginal cost is the same…

Q: Demand: Supply: P = 10 P = 2 + 4 Q Price ceiling 4 Q 13 4

A: Question 13 Demand equation: P=10-4Q     .... (1) Supply equation: P=2+4Q        .... (2) Price…

Q: . The model that trade can make everyone better off applies to: Group of answer choices A. countries…

A: trade empowers nations to encounter monetary development and a rising way of life by expanding…

Q: The following are extracts from the national income account of a country. COMPOSITION Compensation…

A: 1.

Q: what is explicit cost with example

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

Q: echnical efficiency entails which of the following: a. Minimizing the quantity of resources used to…

A: Efficiency is a relative concept and technical efficiency is refer to the ability of a firm to…

Q: If you are the manager of a export firm, in order to achieve business diversification, you should…

A: Diversification in a market refers to the situation when people have the opportunity to deviate from…