Suppose that the market demand and supply curves for doughnuts (good X) are given by QD = 50 – 40P + 0.03I + 10PY and QS = -150 + 60P – 10W, where P is price of X, I is the average consumer income, PY is the price of cinnamon pretzels (good Y), and W is the wage for workers producing good X.   What is the Income elasticity of demand at the market equilibrium? Are doughnuts a   normal good or inferior good?   Suppose that I = $5,000 and PY = $5. What is the demand curve for good X?   Suppose that W = $10 (per hour). What is the supply curve for good X?   DO NUMBER 1 !!!!!

Q: and unit oor cost is 3 o. the a erhead fixed costs are $ 500,000 and the promotion and advertising…

A: Contribution margin, or dollar commitment per unit, is the selling cost per unit less the variable…

Q: 2. Costing. Using the given information, compute the following: Total Cost Item Inclusion Unit Cost…

A: Answer 6.  According to the question given, Total Cost = 155.70 Yield = 217 grams  The formula to…

Q: explain how the costs of the firm are calculated, and the way that prices are determined in perfect…

A: To produce more output in the short run, a firm must employ more labour and buy more raw materials…

Q: The most important determinant of consumption and saving is the A. price level. B. level of income.…

A: "Consumers or buyers in economics demand commodities and services and they meet their consumption…

Q: You have just been elected governor of a medium-sized U.S. state. Citizens want you to take bold…

A: The total revenue is the revenue that is generated by selling given units of a commodity. The total…

Q: You work in the marketing department of a major telecommunications company. You discover that demand…

A: The degree to which demand responds to a change in another economic element, such as price, income…

Q: Suppose Country X exports good A and imports good B. And, Country Y exports good B and imports good…

A: Global exchange or trade will in general diminish the costs of utilization merchandise, making…

Q: What challenges do economies face in light of optimal allocation and public goods

A: For the most part, the public money idea manages the ideal distribution of assets involving it for…

Q: Select the two options that belong in positions E and L. Product Markets Consumption Spending…

A: Circular flow of income:- The continual flow of products and services manufactured, revenue, and…

Q: A contractor has 50 men of the same capacity. They can complete the work in 30 days, the working day…

A: Given information: Number of men = 50 men Days required to complete the task = 30 days Additional…

Q: MODIFIED TRUE OR FALSE Development indicators are statistics which are used to rank countries and…

A: When talking abou financial indicators in economics, it can be said that these are the economic…

Q: The following graph shows the daily demand curve for bikes in Denver. Use the green rectangle…

A: Total revenue refers to the total receipts which the seller earns by selling his goods and services…

Q: how does a firm behaves in monopolistic competition and  explain the outcomes for the firm in the…

A: In monopolistic competition the decisions are assumed to be not interdependent. There is free entry…

Q: O the balance of payments. O the business cycle O stable employment. O ever-falling national output.

A: *Answer:

Q: A college football coach says that given two linemen A and B, he always prefers the one who is…

A: A relation R on a set X is transitive if it connects all members a, b, and c in X whenever R relates…

Q: 3. The demand and supply curves for wheat are (Home and Foreign '*'): D 200 20P D* 100 20P* S 20+…

A: A tariff is a tax imposed by one country on the goods and services imported from another country.

Q: What are the guidelines that SBA has developed for the various industries?

A: Introduction The SBA or Small Business Administration's guidance materials give vital background on…

Q: Assuming that your firms total cost function is, TC (Q) = $21,128+4Q profits when the prices are $7,…

A: In the question, the total cost is TC = 21128 + 4Q and prices are $7, $9, and $11. Now we are…

Q: Your retirement portfolio comprises 100 shares of the Standard & Poor's 500 fund (SPY) and 100…

A: *Answer:

Q: D Question 7 Consider the table of TOTAL COSTS below for the production of scarves. If the market…

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Global passenger traffic demand was down by 58.4 per cent over pre-pandemic 2019 levels with the…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: What are the four types of competition? Which is mostimportant to marketers?

A: Meaning of Market: The term market refers to the situation under which the producers or the…

Q: The firm’s demand schedule for labour is a negative function of the wage because, as the firm uses…

A: The firm’s demand schedule for labour is a negative function of the wage because, as the firm uses…

Q: The volatility of short-term economic growth gives rise to O the balance of payments. O the business…

A: The gross domestic product refers to the summation of consumption, investment, government…

Q: . When Chinese automakers began exporting cars, rather thanfocusing on developed nations in the…

A: Net exports are the difference between exports and imports. The exports are the trade outside the…

Q: Compare/contrast Julian Simon’s and Paul Ehrlich’s views on the general effects ofhuman population…

A: Introduction Human population growth has a number of effects on the Earth system, including…

Q: 14. The economy is experiencing a $225 million inflationary gap. If the government2 decided to solve…

A:

Q: 3. To what extent do men and women differ as entrepreneurs in terms of the types of companies they…

A: An entrepreneur is an individual who creates its own way to solve the societies problem by providing…

Q: Consider an individual aged 64 who is eligible to collect full social security (public pension)…

A: Given information Public pension= $6000 annually Maximum available time=52 weeks Wage rate per…

Q: 2. Under what circumstances might U.S. public policy be made mostly in accordance with the wishes of…

A: When the whole public gets benefitted with the help of some policy then it can be considered under…

Q: Supposed the economy is faced with persistently rising prices and there is a real threat of a…

A: The LM curve shows the direct relationship between the interest rate and output. The LM curve is…

Q: How do public pension plans differ in other countries? Has privatization worked overseas?

A: Gross domestic product refers to the market value of final goods and services that are produced…

Q: why do shopping carts at grocery stores in vancouver typically require a securiy deposit of dollar…

A: Technology advancement means an increase in productivity in an economy. It means the supply rises…

Q: Public policy responses to monopolies: Multiple Choice O O O O always have more costs than benefits…

A: Monopoly refers to single seller in the market that dominate the supply of goods and services. This…

Q: The treadmill market is a competitive industry with long-run economic costs. Provided the following…

A: Perfect competition is a market structure that comprises numerous sellers selling items with…

Q: Based on data in this chapter, explain two reasons whyit is reasonable to expect that Americans…

A: Economics is the branch of knowledge in which we study about the scarcity of resources and unlimited…

Q: +$30,000 to +$70,000 per month in sales for extended battery life Samsung mobile is considered as…

A: Total revenue for a firm is given by the product of price per unit and the total quantity sold.

Q: Labor rate variance $ 4,000 favorable Labor efficiency variance $ 2,400 unfavorable Actual direct…

A: Total Standard direct Labor cost for the output  shows the product cost of the company which…

Q: Derive the firm’s demand schedule for labour if it were a monopolist that could influence the price…

A: A monopolist although maximizes its profit by charging a higher price and producing lesser…

Q: 2. Refer to figure below, if the current market price is £15, there w market and the market will…

A: Equilibrium refers to the point where demand intersects supply.

Q: Answer 2 please

A: Perfect competition is a type of market structure.

Q: 1. Give two factors that affects development of a country and explain its reason. 2. Illustrate and…

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

Q: 2 Suppose that the current spot exchange rate is €0.8250/S and the three-month forward exchange rate…

A: Exchange rate is the rate at which domestic currency will be converting into the foreign currency…

Q: The following is output data for a firm. Assume that the amounts of all non-labour resources are…

A: The law of diminishing returns states that benefits or advantages acquired from something will…

Q: The consequences of instability to adheres to quality delivery process in banking firm

A: Banking  Banking refers to the system in a country, which provides financial services to the…

Q: 4. Effects of a tariff on international trade The following graph shows the domestic supply of and…

A: Import tariff refers to the government imposed taxes on imported goods and services when a firm or…

Q: The economies of many nations around the globe have been brought on their knees by COVID-19. Just…

A:

Q: Firms that issue callable bonds have the option of repaying the principal to the bond buyers before…

A: A non callable bond will sell at face value whose price will not change if coupon rate remains same…

Q: a)     Identify two public goods and explain why they are public goods b)     Why does a positive…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: B) Calculate the AEC (Average Equivalent Cost) of the hospital building using the cost requirements…

A: Firstly we formulate the cash flow of the details provided and then find its present values .…