Technological change is said to be exogenous because it A. is encouraged by rivalry among firms. B. is undertaken largely by firms in pursuit of profits. OC. may be induced by adverse shocks to an economy. D. is responsive to economic signals. OE. None of the above.
Q: A firm sells its product in a perfectly competitive market where other firms charge a price of $110…
A: Perfect competition is a market form with a high number of buyers and a high number of sellers.…
Q: In a supply-and-demand graph, producer surplus can be pictured as the Select one: a. vertical…
A: Demand curve represents the quantity demanded corresponding to different price levels.Supply curve…
Q: Initital $10 increase in investment expands GDP by $10 in first round of multiplier process. the 2nd…
A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…
Q: In the entire world, there are 10 apples, 10 bananas, 20 bottles of wine, and 10 Gruyere cheese…
A: An economy moves forward through production, and innovation is fueled by the blending of goods and…
Q: What is a lexicograph curve
A: A lexicographic curve reflects hierarchical preferences, prioritizing one criterion over others when…
Q: Question 4 If the semi-elasticity between x and y is -2, what does it mean? A. When x decreases by…
A: A semi-elasticity between X and Y is defined as the percentage change in Y for a unit change in X
Q: A university spent $1.4 million to install solar panels atop a parking garage. These panels will…
A: The marginal cost refers to the increase in total cost when a greater quantity is produced. It…
Q: Price A Du Multiple Choice Do BC Quantity Refer to the diagram, which shows demand and supply…
A: Demand curve is the downward sloping curve. The demand schedule is the tabular representation of…
Q: Macroeconomics. Explain how the exchange rate adjusts to a temporary decrease in the foreign…
A: The factors like inflation, government debt, trade deficit, current account deficit, and other…
Q: What differentiates for-profit and nonprofit healthcare organizations financially
A: This can be described as the concept that shows the ultimate or final gain of an individual or…
Q: Table 15-4 Price per Dose $80 77645648 40 32 72 Quantity Demanded (dose) 0 24 1 2 3 4 5 6 7 16 8…
A: Profit refers to an excess income that a company earns, over the revenue from the sale of its…
Q: Equation for consumption is C=40/(0.8Y) where Y= yearly income = $400. The marginal propensity to…
A: An individual experiences a rise in their income level, they tend to consume more and the additional…
Q: РА Ps PB Pe PD PE A+B+F D ALK B C C+D+G D E J G QF QH I Using the figure above, CS pre-tax would…
A: The demand curve represents the quantity demanded by consumers at different price levels. The supply…
Q: QUESTION 1 Which of the following is endogenous in the IS-LM model? Government expenditure The Money…
A: NOTE - Since you have posted multiple questions, we will provide the solution only to the first…
Q: Question 3. True or False. If the Engel curve for a commodity slopes up, then its ordinary demand…
A: Consumer theory delves into the decision-making process individuals undergo when allocating their…
Q: A country B monopolist sells solar panels to country A at $210, and to country C at $220 per unit.…
A: Dumping is a technique used by countries in which a country sells a product at a lower price to…
Q: Which of the following is true if Purchasing Power Parity holds between the Australian (AUD) and the…
A: Purchasing Power Parity (PPP) is an economic hypothesis and exchange rate framework that suggests…
Q: True or False 22. The incidence of a payroll tax is borne by both employers and employees.
A: Disclaimer- “Since you have asked multiple questions, we will solve the first question for you as…
Q: Equation for consumption is C=40/(0.8Y) where Y= yearly income = $400. A) what is the level of…
A: The average propensity to consume refers to the income proportion that is used by an individual to…
Q: The following table gives the quantity of money demanded at various price levels (P), the money…
A: Equilibrium in the money market takes place at the intersection of the money demand and money supply…
Q: What is the difference between the short run and long run for a firm? How does this relate to fixed…
A: Short run and long in economics is related to production of firms in which various fixed and various…
Q: 13. If the short-run aggregate supply curve is horizontal, then a change in the money supply will…
A: If the short-run aggregate supply (SRAS) curve is horizontal and the long-run aggregate supply…
Q: Iyana's Pizzas is a takeout-only pizza parlor servicing the college campus of Tallahassee that…
A: Fixed factors are those factors which cannot be changed in the short run while variable factors can…
Q: A local builder offers to place with you insurance on every house he/she builds while it is under…
A: DISCLAIMER “Since you have asked multiple questions, we will solve the first question for you. If…
Q: When quantity demanded falls, all else equal, a. equlibrium price and quantity both rise b.…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: Refer to Figure 4-1. If the market price is $3.00, what is the consumer surplus on the second ice…
A: The Consumer surplus is the gap between maximum price a consumer is willing to pay and actual price…
Q: There are many businesses selling flowers in Brisbane on any given day. A flower shop sells a basic…
A: Elasticity is defined as the responsiveness of the quantity demanded to the change in price…
Q: CENGAGE MINDTAP Problems & Applications (Ch 07) The cost of producing laptop computers has fallen…
A: Demand, Supply, and Consumer Surplus:The demand for a product or service is described as the…
Q: Instructions: Enter your responses as a percentage rounded to one decimal place. a. Calculate the…
A: The Gross Domestic Product (GDP) is a crucial economic indicator that measures the total monetary…
Q: Refer the figure at right. An increase in labor productivity is likely to stimulate and shift the…
A: Labour demand curve shows amount of labour that firms are willing to hire at different wages.Labour…
Q: A utility function is given as U = √MB where B represents the quantity of books consumed and M…
A: A utility function measures how satisfied or happy an individual is when consuming goods and…
Q: For the demand function P= 221 √Q+3 a) Find the value of Q when P = 17 b) Find the price elasticity…
A: PED is a measure used in economics to quantify the responsiveness of the quantity demanded of a good…
Q: Consider the game below with a worker (W) and a firm (F). The worker initially can choose to acquire…
A: One of the most crucial ideas in game theory is the notion of Nash equilibrium. When no player would…
Q: Suppose a change in exchange rates causes aggregate demand to decrease. What is the result? Choose…
A: The value of one currency in relation to another is shown by the exchange rate. This is the cost at…
Q: 1. Climate change is caused the emissions of carbon dioxide and methane gases, i.e., so- called…
A: Efficiency: Efficiency means achieving a goal at least cost to society, ensuring that the marginal…
Q: Using Supply and Demand to Analyze Markets-End of Chapter Problem Increases in demand generally…
A: Consumer surplus is the difference between the price the consumer is willing to pay and the real…
Q: (6)-Suppose that we have cash flows as follows: End Of Year 1 3 4 1,000 Receipts($) 3,000 (a)- Draw…
A: The cash flows are given in the table below:End of…
Q: If there are diseconomies of scale within a given range of output, which of following is(are) TRUE?…
A: Diseconomies of scale are the cost disadvantages that occur when firms increase their scale of…
Q: The dependent variable in the regression in our cost driver analysis is which of the following?…
A: The dependent variable is the one you are trying to predict or explain. It’s called “dependent”…
Q: One country reported a nominal GDP of $ 200 billion in 2008, and $ 180 billion in 2007. It also…
A: Nominal GDP in 2007=$180 billionNominal GDP in 2008=$200 billionGDP deflator in 2007=105GDP deflator…
Q: Three key assumptions of the Lewis model of structural change are (1) there is surplus labour in…
A: The Lewis model of structural change, developed by Sir Arthur Lewis, is a theoretical framework that…
Q: The diagram below shows two budget deficit functions for a hypothetical economy. Budget Deficit…
A: The structural budget deficit or surplus is a efficient approach to the stance of fiscal policy it…
Q: Consider a market with demand curve given by QD (p) = 110 – p². The market supply curve is given by…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: Two firms produce and sell differentiated products that are substitutes for each other. Their demand…
A: The equilibrium price represents the point where the quantity of a good that consumers are willing…
Q: Which of the following could cause a change in the feasible region? Removing a redundant constraint…
A: Linear Programming:It is a technique that is used to minimize costs and maximize profit. We do this…
Q: Matthew Rafferty produces hiking boots in the perfectly competitive hiking boot market. The table…
A: AFC = TFC/ Output AVC = TVC/ OutputATC = TC /Output TFCIt is constant at each level of outputIt is…
Q: Refer to the table below. If Canada and Japan based their trade on comparative advantage, what would…
A: Global trade resembles a world symphony in which nations trade goods and services at their own…
Q: An A&E firm planning for a future expansion deposited $36,000 each year for 5 years into a sinking…
A: Yearly deposit in the investment fund is $36,000.Number of deposits =5 and the first deposit will…
Q: A vintner is deciding when to release a vintage of Sauvignon Blanc. If it is bottled and released…
A: The time value of money (TVM) reflects the idea that a sum of money has a different value today than…
Q: Scooter’s Scooters is a large American manufacturer of electric scooters operating out of Fort…
A: Diseconomies of scale mean a situation in which a company experiences an increase in long-run…
Note:-
- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
- Answer completely.
- You will get up vote for sure.
Step by step
Solved in 4 steps
- Choose the best answer. Explain why it is the best answer. We care about the reasoning more than just havingthe right answer.1. Low skill industries . . .A. Reach their largest size in relatively small cities.B. Are relatively larger (compared to high skill industries) in small cities.C. A and B.D. Neither A nor B.Human capital refers to society’s understanding of the best ways to produce goods and services. Select one: a. Fales. b. True.identify whether it best applies to lean businesses (L) or traditional businesses (T). Uses push production.
- 6. The theory developed by Linder provides an answer for:a. The product life cycleb. The model based on factor endowmentsc. The production of wide-ranging economiesd. Trade based on intra-industrial activitiesThe idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Noel Biderman O Adam Smith. Milton Friedman. Jack Ma. O Archie Carroll.Chose the trrue statement. a. Sincce the mid 1800ss , Unitedd States of America has experienced substantial migration in workforce in the following order: From service sector to agriculture, and then from agriculture to manufacturing. b. Moderniization or advances in technology, and smarrter processes are example factors that have increased manufacturing productivity in the US. c. The Clarrk-Fisher hypothhesis implies that as productivity increases in one sector, the labor force moves to another sector. d. b and c are true.
- Subject: Manegerial economic & policy (need different ans)Answer True, False or Uncertain. Brieáy explain your answer 3.The rate of return equality holds in the model of illiquidity.What is technology? Part 2 Technology is Part 3 A. the additional output a firm produces as a result of hiring one more input. B. a change in the ability of the firm to produce a given level of output with a given quantity of inputs. C. the rate of economic depreciation. D. the processes a firm uses to turn inputs into outputs of goods and services. E. the highest-valued alternative that must be given up to engage in an activity.
- AP Macro AD/AS PracticePlease no written by hand Cervantes wrote "For historians ought to be precise, truthful, and quite unprejudiced, and neither interest nor fear, hatred nor affection, should cause them to swerve from the path of truth, whose mother is history, the rival of time, the depository of great actions, the witness of what is past, the example and instruction of the present, the monitor of the future" Respond to the following prompts in a post with a minimum of 150 words, commenting on other posts is optional. What was the most interesting Economic History topic/concept we covered this semester? Why?Refute this statement The future is big tech and that should be our focus, not small, unproven, businesses. Large corporations are large because they are efficient. The best way to achieve inclusivity for BIPOC communities is to diversify employment at these large influential firms.