Suppose a market is in equilibrium, a rightward shift in the supply curve will NOT yield a) an increase in quantity demanded Ob) a higher equilibrium price Oc) a surplus at the previous price d) a higher equilibrium quantity

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: Accumulate (or find the future amount of) P45,000 for 15 months at 24% compounded monthly.

A: When the principle of an investment or loan is added to previously earned interest, compound…

Q: onsider an economy with two producers, Sidney and Connor. Each allocates 8 hours per day between the…

A: Given information: Total labor hours =8  In 8 hours, Sidney can produce 80 kg of chocolate or 16 kg…

Q: Quantity 10 20 30 40 Fixed Cost 200 200 200 200 Variable Cost 50 100 300 800 Total Cost 250 300 500…

A: In a market with perfect competition, price is fixed and equal to marginal revenue. The difference…

Q: what impact does inflation have on the value of business

A: Meaning of Inflation: The term inflation refers to the situation under which there is an excessive…

Q: QUESTION ONE Using the loanable funds theory, illustrate the effect of the following changes on the…

A: Answer: Introduction: Savings are also called loanable funds. The government and firms create demand…

Q: Which of the following best defines scarcity?     multiple choice Having unlimited wants.…

A: Scarcity is the main concept of economics. It means that the demand is more than the resources we…

Q: Discuss economic, institutional-governmental and social environment variables of the…

A: The term "macro environment" refers to the more widespread conditions that can have an effect on a…

Q: In the simple circular-flow diagram, in which market are households sellers? the factors of…

A: Introduction Circular flow of income refers to the cycle of generation of income in the production…

Q: 7. Let's use actual data from the United States to calculate the price elasticity of gasoline.…

A: Answer: Note: the data for the price of gasoline and quantity demanded of gasoline is not available…

Q: Expenditures 4000 3000 2000 1000 1000 2000 3000 Disposable Income 4000 U U

A: Given graph

Q: 3. If you borrow money from your friend with simple interest of 12%, find the present worth of…

A: Present value is the sum of cash that should be invested to accomplish a particular future…

Q: The economy is operating in a recession. What are some government policies that may help the…

A: The recession occurs when there is a fall in the aggregate demand. The fall in the aggregate demand…

Q: In a world of limited resources, should an automobile dealership be more concerned with the…

A: Market structure explains how businesses are categorized and differentiated based on the kind of…

Q: Instructions: in parts a and b, round your answer to two decimal places. In part entering a negative…

A: Multiplier: A multiplier generally refers to an economic factor under which when increased or…

Q: The slope of the line between points a and b is    4 .25 -4 -.25

A: We have consumption function where the consumption is dependent on the disposable income.

Q: Figure 2.5 Unemployment in the adult civilian population, 2013 Unemployed (7.8%) 123 million Not in…

A: From the pie chart, the number of the unemployed people is 12.3 million The number of the employed…

Q: Question 4 The table gives information from the Current Population Survey. Item Labor force…

A: Ans. 4. The working-age population is the adult population of a range of start working and…

Q: MMCM purchased an equipment which is going to be used by the students for their laboratory. To…

A: There are two annuities in above example - Annuity 1 : Annual Payment = 40000 Period = 5  Annuity 2…

Q: Can market intervention by the government make things worse? Are there any other remedies for…

A: Market interventions are actions that alter or obstruct the market; typically taken by state-run…

Q: d. Suppose income increases and consumers are willing and able to buy 100 more units at each price.…

A: when the price is greater than the equilibrium price, then this means there is a Surplus in the…

Q: Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any…

A: in a question, it is given that,the tax rate is 15% below an income of $50,000,the tax rate is 30%…

Q: You have decided that you want to attend a renaissance fair as King Henry VIII. You estimate that it…

A: Marginal cost is the change in production cost when one additional unit is produced. Mathematically,…

Q: If GDP is 1800 and the money supply is 450, what is the velocity of money?  Show your work.

A: The velocity of money is the frequency at which one unit of currency is utilized to buy…

Q: The most frequently reported price index is O the personal consumption expenditure (PCE) deflator O…

A: Inflation is the sustained increase in the general price level of goods and services in an economy…

Q: Taxes are costs, and, therefore, changes in tax rates can affect consumer prices, project lives, and…

A: A firm, project, or investment's future stream of payments is valued today using a method known as…

Q: Given the following demand and supply equations: Demand Qd= 100 - 2P Supply QS = 10 + P…

A: Given information: Qd = 100 - 2P -----------> Demand equation Qs = 10 + P --------------->…

Q: If New Zealand's inflation rate is 5% inflation vs 10% inflation in our trading partners and the $NZ…

A: The real exchange rate formula is given as:  Real exchange rate = nominal exchange rate * (domestic…

Q: Mr. Cruz borrowed P50,000.00 with interest at the rate of 15% payable annually. The debt will be…

A: Present value of annuity factor can be calculated using the following formula: r = interest rate n…

Q: A government starts off with a total debt of $2.0 billion. In year one, the government runs a…

A: A nation's gross government debt (likewise called public debt, or sovereign debt[1]) is the monetary…

Q: What is present worth

A: We know that Investment is the process of adding to the stock of capital assets with the expectation…

Q: Refer to Figure 9-4. When the country for which the figure is drawn allows international trade in…

A: International Trade  The buying and selling of goods and services between businesses in several…

Q: Trace the development of the concept of globalization since it first appeared in the 1940s. What…

A: Globalization  The term globalization describes how economies, cultures, and populations throughout…

Q: Explain Supply

A: Microeconomics definition: When a transaction takes place between an individual consumer and an…

Q: How are quantity supplied and quantity demanded affected by changes in prices? Give an example of…

A: Demand is the quantity of the items that consumers are requesting at a specific price and time.…

Q: In october 2020 on Sandy Island, 20,000 were employed, 1,000 were unemployed, and 3,000 were not in…

A: People who are actively looking and able for a job are considered unemployed. People who are working…

Q: person needs ​$17,000immediately as a down payment on a new home. Suppose that she can borrow this…

A: Introduction: P = $17000 R = 13% To calculate the amount of each payment (A) we must first compute…

Q: ur net benefit is maximized at slices of pizza. (Enter your response as an integer.)

A: Optimisation in levels is the optimal amounts to get maximum profit or maximum consumption of a good…

Q: Who is responsible for setting monetary policy in the United States? How is this group chosen

A: We know that Monetary Policy is a macroeconomic stabilization policy that is used by the central…

Q: Keynesian economists

A: Keynesian economics is based on ‘ effective demand ‘ which means the level of output /income depends…

Q: The following graph shows an aggregate demand curve (AD) illustrating the inverse relationship…

A: In the short run, the output of a country is determined by the aggregate demand. And aggregate…

Q: Toasters 35 30 25 20 15 10 5 0 10 20 30 40 50 60 70 Toothbrushes Refer to Figure 2-4. Suppose the…

A: We have given the production possibility curve for toothbrushes and toasters. The points on this…

Q: Refer to the diagram, in which S1 and D1 represent the original supply and demand curves and S2 and…

A: In a perfectly competitive market, the firm supply at P=MC implies the supply curve is equivalent to…

Q: hat is the relationship between the output gap and the cyclical unemployment? Usually, when one goes…

A: The output gap is the difference between actual output and potential output. Cyclical unemployment…

Q: Job-specific human capital In this problem, based on a simplified version of the model in…

A: There are two types of employees - Sickly & Robust  Probability of Sickly getting ill = ps…

Q: Sean budgets $30 per week for transportation. To get around, he can either drive his car (D) take…

A: Given ,  Total Income  = 30  Price of Driving = 5 Price of Bus ride = 2  Budget constraint or budget…

Q: What would happen if a product with strong demand had a minimum price that may be charged

A: In a market, buyers and sellers interact with one another in order to exchange goods and services at…

Q: A house and lot can be acquired at a down payment of Php500,000.00 and a yearly payment of…

A: The present value factor is used for estimating the current worth of a sum of money that will be…

Q: The demand curve is a line that depicts how the quantity demanded of a particular good varies with…

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

Q: What is Money? What makes it useful? Explain its primary and derivative functions of Money? explain…

A: Answer: Money: Money is anything that is generally accepted as a medium of exchange, a measure of…