Suppose a company discovers a breakthrough lubricant that reduces the amount of wear on  mechanical systems. How will this affect the nation's steady-state level of capital per worker and income per worker?  Use either a graph or equation to support your answer.

Q: Insurance mandates do little to combat the problem of adverse selection. True False

A: Insurance is a way to manage your risk. When you buy insurance, you purchase protection against unex...

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A:  Money functions as a means of trade, a store of value, a monetary unit and the exchange medium. Mon...

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Q: Instructions: Enter your answer as a whole number. If you are entering a negative number include a m...

A: PLEASE FIND THE ANSWER BELOW.

Q: Portray the changing occupationalstructure in modern economies.

A: Occupational Structure:- The aggregate distribution of jobs in community, defined by level of abilit...

Q: Why a cashless society are opportunities over risks? How does it improve people's daily life?

A: A cashless society is an economic situation in which financial transactions are carried out without ...

Q: Which factor can cause a shift in supply? O demand increases and competition decreases O demand decr...

A: Demand and supply are two invisible forces important in microeconomics. Law of demand states that, w...

Q: Suppose that the first commercial bank has received an initial deposit of $5,000. Assume that there ...

A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts fo...

Q: 4 If inflation is so easy to explain, why do policymakers sometimes have trouble ridding the economy...

A: Inflation basically refers to increase in the price of goods and commodity during a specific period ...

Q: are the poorest members of society the greatest beneficiaries in the Difference principle of John Ra...

A: The poorest members of society are not usually the most significant winners under the Difference Pri...

Q: US Mkt. for single family homes. The changes in the price lumber affects supply/demand of single fam...

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Q: A construction and engineering company plans on opening an office in Dubai. Over the 25 years the of...

A: Given: Number of years=25 Cash flow per year=$250000 Interest rate=12%

Q: Capital stock in year 15 (i.e., K15) is equal to

A: Given information K0=21934 N0=103 A=13 s=0.2 d=0.08 n=0.01 an=0.7 ak=0.3  

Q: 1. The demand for a particular spare part in a factory was found to vary from day-to-day. In a sampl...

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Q: 6. Countries have different regulations on what may or may not be imported and which tariff applies ...

A: 6. Countries have different regulations on what may or may not be imported and which tariff applies ...

Q: Commodity 2001 price 2002 price Rice Cherries Market Basket Quantity 10 lbs. 5 Ibs. $1.00 $1.75 $1.1...

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Q: Parrot Co. operates an online store where it sells the products of Biscuit Co. Under the contract be...

A: A principal-agent relationship occurs when one entity officially chooses another to act on its behal...

Q: The slope of IC, from A to F is: Good X 10 -IC1 8 ICZ 10 12 Good Y 00

A: Indifference curve shows different combinations of two goods that gives the consumer same level of u...

Q: Use the cost table below to find the following marginal costs.   Output quantity Total variable cost...

A: Marginal cost is the additional cost incurred from producing an additional unit of output.

Q: Use the utility function u = E (r,) – 0.5 A ož where A is the risk aversion parameter and A = 3.5. U...

A: The law of diminishing marginal utility is the additional satisfaction that a consumer gets by consu...

Q: . (20 points) A firm has a cost function c = 0.5g³ – q² + q. (a) What is its fixed cost? (b) At what...

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Q: Plz solve in 1/2 hour it's urgent The market for bananas has the following demand and supply functi...

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Q: 4. Assume that money velocity is constant. a. Suppose the money supply increases by 12%. What do you...

A: Money velocity:- V*M = P*Q V = velocity of transactions M = Money supply P = price level Q = index v...

Q: Q)Distinguish between explicit and implicit costs, giving examples of each. (a) What are the explic...

A: In common usage, cost refers to the monetary value of goods and services purchased by producers and ...

Q: 1 Read her Majesty’s Treasury Report and answer the following questions. Let us assume that as a con...

A: If the UK has instantly begin importing US cars, then US would have more of the UK currency, there w...

Q: explain briefly The O-Ring Model proposed by Michael Kremer

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Q: Which of the following is a characteristic of a perfectly competitive market? A. The goods sold in ...

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

Q: Output quantity Total variable cost Total cost 0 $0 $250 25   450 50 300 X 75 375   100 600 850 125 ...

A: Total cost is the sum of fixed cost and variable cost. Fixed cost remains constant and does not depe...

Q: Cost in oil and gas operations may be classified into a number of non-mutually exclusive groupings f...

A: Cost is the expenditure that is incurred in the production of goods and services. It means the total...

Q: Consider a person whose tastes and preferences are represented by IC . Something changes his tastes ...

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Q: Using the tools of economic analysis that you learned, analyze the behavior of the enterprise operat...

A: Introduction Perfect competition is a market where large no. of firms producing homogeneous products...

Q: The production function is Q = 18K + 9L. Rent is $80 and wage is $40. Draw a graph of the isocost an...

A: Q = 18K + 9L  Cost = rK + wL = 80K + 40L   

Q: 1. Consider the production functions for good X and good Y: X = K? + L ; Y = 20\KL A. Show and discu...

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Q: 3. A person invests 4,500 in the hopes of receiving a return in eight years. What amount, in pesos, ...

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the firs...

Q: Before an increase in excise duty on tea, 800 persons out of a sample of 1,000 persons were found to...

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Q: u invest 100,000 in a company company will return to you 22,000 per year for 5 year you invest in th...

A: Given:- Amount invested in company = 100,000 Total Money received at the end of 5 year = 22,000×5 = ...

Q: What is human capital? Is education important in increasing the quality of human capital or not?

A: Human Capital The economic benefit of a laborer's experience and talents is referred to as human cap...

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Q: he consumption of electricity in one area has increased historically at 6% per year.If it continues ...

A: Given the number of years = 6% Required to find out the number of years:

Q: A farmer can feed any combination of animals within the following range: Pigs Cows 84 12 75 15 Given...

A: Introduction Production possibility production curve shows the maximum production possibility of two...

Q: Discuss the functions of Philippine Council for Agriculture, Aquatic and Natural Resources and Devel...

A: The Philippine council for Agriculture, Aquatic, and Natural Resources Research and Development (kno...

Q: In a sample of 1,000 people in London 540 are rice eaters and the London rest are wheat eaters. Can ...

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Q: Why do you think calls for protectionism are greater during sharp economic contractions than during ...

A: Concepts:Protectionism Protectionism refers to the trade protection in which a nation reduces its im...

Q: There is a rise of global value chains in agriculture; This would lead to increases in income for th...

A: Producers and consumers all around the world are linked through global value chains. Agriculture and...

Q: Consider the following 3 person color game between Hillary, Ivanka, and Michelle. Each player can ch...

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Q: Two firms compete in price in a market for infinite periods. In this market, there are N consumers; ...

A: The Nash equilibrium is a dynamic hypothesis inside game hypothesis that expresses a player can acco...

Q: 1. Suppose that the economy can be described by a closed-economy IS-LM framework and that is in a re...

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Q: In 1986, the U.S. Congress enacted a regulation (PL99-509) requiring railroads to disclose contractu...

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Q: A firm's cost function @Is maximized when solving for the optimal level of output y for the firm. b....

A: In order to get maximum revenue, there is a need to reduce the cost that is there is a need for redu...

Q: Explain why the red curve is an incorrect representation of a long-run average cost curve. Note: the...

A: The average cost is the called the per unit cost of production. The AC = TC/Q. The long run Average ...