Suppose you are given data on the rate of growth of GDP, capital, and labour, and the share of these two factors in GDP. How would you calculate the contribution of Total Factor Productivity to growth? Explain it verbally and formally.

Q: Mike has two identical brothers. Each of them have the same utility function below. If Mike and his…

A: To determine the aggregate demand at each price of X, we need to find the optimal quantity of X and…

Q: Using the AD/AS model, analsye how monetary policy may be used alleviate inflationary pressure. In…

A: Macroeconomic policy refers to government and central bank policies aiming at attaining various…

Q: 5. Priyanka has an income of £90,000 and is a von Neumann-Morgenstern expected utility maximiser…

A: Von Neumann-Morgenstern utility function is an extension of consumer utility theory that…

Q: Suppose you win on a scratch-off lottery ticket and you decide to put all of your $3,500 winnings in…

A: Reserve requirement implies the amount of money that banks and other depository institutions are…

Q: given the supply function: q = 10p³ - 1000 draw a graph showing an arc elasticity of supply when p…

A: Arc elasticity of supply is a measure that quantifies the responsiveness of the quantity supplied of…

Q: how do you find the marginal utilities of the goods with the information provided?

A: No expert do not claim to find both marginal utilities but rather the ratio of marginal utility

Q: A. State the condition for the Pareto optimal provision of a public good. Interpret the condition.

A: “Since you have posted multiple questions, we will provide the solution only to the first question…

Q: Research and identify two cryptocurrencies, how they have evolved in recent years and how might you…

A: From the barter to real currency to digital transactions, money has gone through changes. The…

Q: Suppose the inverse demand curve in a market is D(p) =a-bp, where D(p) is the quantity demanded  and…

A: Cost function:  c1(y1)=cy1 Demand function: D(p) =a-bp Revenue function: R(p)=D(p)-S(p)

Q: Which of the following statements is true? Select one: O All sustainable allocations are efficient.…

A: The efficiency and ethical considerations are helpful on the desirability of social and private…

Q: Consider a homogeneous goods industry where two firms operate and the linear demand is given by p(y1…

A: Market demand curve:  p(y1 + y2 ) = a - b(y1 +  y2 )…

Q: State the condition for the Pareto optimal provision of a public good. Interpret the condition.

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

Q: A firm produces output, measured by O, which is sold in a market in which the price P=20. The output…

A: Monopsony refers to a market where there is only one buyer and many sellers. The single buyer has…

Q: 1. Arif and Aisha agree to meet for a date at a local dance club next week. In their enthusiasm,…

A: Nash equilibrium is a concept in game theory that describes a state of a game where no player has an…

Q: On the following graph, plot the aggregate demand curve that results from varying the price level…

A: Demand refers to the willingness and ability of the consumer to purchase goods and services at given…

Q: Suppose a $1,000 bond pays $30 per year in interest. a. What is the contractual interest rate…

A: Bonds are generally used by the government to raise money from the market when are in need of money.…

Q: Using the appropriate graphs and terminology, explain why a city with 30,000 people is likely to…

A: The hospital industry is a monopoly industry here as it is highly regulated industry and not…

Q: e following list gives the balance of payments account information: Increase in foreign holdings of…

A: Balance of Trade = Export of goods & services - Import of goods & services Balance on…

Q: 4. (a) Consider a homogeneous goods industry where two firms operate and the linear demand is given…

A: Since you have asked multiple question, we will solve the first question (Part A and B) for you. If…

Q: a) Suppose a firm A produces a product q, but also pollution x that affects a second firm B. Firm A…

A: Cost function of firm A =  q2 + (x- 4) 2 Price of good A's firm = 12    Cost function of firm B = r2…

Q: Consumers know that some fraction x of all new cars produced and sold in the market are defective.…

A: The situation where the buyers and sellers of a product do not possess complete information…

Q: In the product market there is a situation of sophisticated competition. The firm signed a contract…

A: Total revenue refers to the revenue a firm generates from operations or sales at different levels of…

Q: Suppose a firm A produces a product q, but also pollution x that affects a second firm B. Firm A is…

A: Cost function of firm A  Ca (q,x) = q^2 + (x - 4)^2 P=12 Cost function of firm B  Cb (r,x) = r^2 +…

Q: In the article "Top Highest Grossing Movies Adjuste U.S. box office movie sales for inflation to…

A: CPI stands for "Consumer Price Index," which is a measure of the average change in prices paid by…

Q: 1. Suppose Pepsi Cola, which includes Mt. Dew and several other sodas, purchased Coca-Cola & Coke’s…

A: A market is a place or a platform where buyers and sellers interact and exchange goods or services…

Q: State the arguments in support if free trade and discuss the degree of economic integration

A: Free trade refers to the policy of permitting goods and services to move freely across national…

Q: Suppose that a Monopolist is attempting to pioneer the market for a new good. This product is…

A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…

Q: List the stages of economic integration

A: Economic integration: It is the process by which countries or regions eliminate trade barriers and…

Q: . Priyanka has an income of £90,000 and is a von Neumann-Morgenstern expected utility maximiser with…

A: Expected utility is a concept in decision theory that helps individuals make rational choices under…

Q: Consider a firm that manufactures shoes. It sold 100 pairs of shoes at a price of 100 pesos per…

A: Given information: Quantity sold: 100 pairs Selling price: 100 peso per pair Cost: 90 pesos per…

Q: hat does an entrepreneur use to summarize his or her business strategy for a proposed new venture?

A: An entrepreneur is an individual who takes on the role of organizing, managing, and operating a…

Q: 3. The cartel of copper exporting countries is called COPEC. As part an international trade…

A: Price elasticity of demand is defined as the proportional change in demand due to proportional…

Q: Siobhan divides her spending between lemons and limes. If the price of lemons falls, the income…

A: The income effect predicts that if the price of lemons falls, Siobhan's purchasing power increases,…

Q: MARKET SEGMENTATION: Type III Discrimination: Price per customer segment A company has…

A: Monopolist: A monopolist is a single seller in the market and hence he faces the downward sloping…

Q: 2070 [/ 1970 1870 1948 1949 REAL GDP (Billions of dollars) 2170 1770 1947 YEAR 1950 1961 ?

A: An increase in the real GDP of the economy in the short run is referred to as an expansion. A…

Q: 5. Priyanka has an income of £90,000 and is a von Neumann-Morgenstern expected utility maximiser…

A: The Von Neumann-Morgenstern (VNM) utility index is an index that measures an individual's preference…

Q: is $ , an amount Rian's profit is maximized when they produce a total of phone cases. At this…

A: Total cost in economics refers to all of the resources or money that a corporation or firm uses to…

Q: 3. Faced with two distinct demand functions Q₁ = 24-0.2P₁ Q2 = 100.05P2 where TC = 35+ 40Q, wha…

A: We have given two demand function of a firm where one has price discrimination and other has no…

Q: 3. The cartel of copper exporting countries is called COPEC. As part of an international trade…

A: Price elasticity of demand for a commodity is defined as the proportional change in the quantity…

Q: Suppose the inverse demand curve in a market is D(p) =a-bp, where D(p) is the quantity demanded  and…

A: Cost function for leader firm :  c1(y1)=cy1 Demand function: D(p) =a-bp Y = a -b p  p = ( a - y) /b…

Q: Calculate (a) GDP using the expenditure and (b) value added (industrial origin ) approaches.…

A: In today's economies, numerous industries and sectors contribute to total economic output. This…

Q: Table 11-7 Quantity of Lanterns 75 80 90 100 115 117 120 B) $32 C) SILI Fixed Cost Variable Cost…

A: Marginal Cost is the cost of producing an additional unit of output. Marginal Cost is the change in…

Q: B A N G K O   S E N T R A L   N G   P I L I P I N A S   O R G A N I Z A T I O N A L   S T R U C T U…

A: The BSP serves as Country P's central bank. It is in charge of creating and carrying out the…

Q: L. Consider the situation of two firms in the same industry and operating in the same mar- ket. Firm…

A: Firm A controls 70% of the market share  Firm B controls 7% of the market share  Other 3 firms share…

Q: The government of the republic of Zambia decides to introduce a 100% ad valorem tariff on all…

A: Foreign Exchange Market: It is market where individuals and institutions demand and supply for…

Q: Does the following project have a positive or negative rate of return? Show how this is known to be…

A: Given: The initial cost of the project is $3500 The net benefit for year 1 =$275 and then increase…

Q: 9. Market efficiency and market failure Suppose that the following graph shows a free market…

A: Market efficiency refers to the degree to which prices in a market accurately reflect all available…

Q: Assume Brian's disposable income increases from $50,000 to $60,000 Assume his consumption increases…

A: Disposable income increases from $50,000 to $60,000.  The consumption increases by $8000.

Q: In the following graph, shift the supply curve, the demand curve, or both to illustrate the effects…

A:

Q: Arif and Aisha agree to meet for a date at a local dance club next week. In their enthusiasm, they…

A: In a mixed strategy Nash equilibrium, each player plays each action with a probability, rather than…