temand curve slopes downwards. Which of the following would not od excess supply. Fall in price.

Q: Average weight of males in the age bracket of 20-39 is 198.5 pounds. Assume population standard dev...

A: Given:- sample mean=198.5 standard deviation=16 sample size,n=30 To calculate:- Probability of sampl...

Q: The following are the advantages of financial intermediaries, except:  A. Provide guaranteed returns...

A: Financial Intermediaries:- Financial intermediaries function as go-betweens for financial transactio...

Q: Q³ = 100 + 3P Qd = 400 – 2P where Q³ is the quantity supplied, Qª is the quantity demanded and P is ...

A: The GDP refers to the final value of goods and services produced in an economy during a year. This i...

Q: Consider a market that is described by the demand equation P=100-Q and supply equation P=Q. If a $20...

A: Eqm is found by the intersection of dd(demand) and ss(supply). Here, the eqm price is 50 and eqm qua...

Q: Managerial economics cannot be used to show how the imposition of auto import quotas: a. raises auto...

A: 1. In the decision-making process, managerial economics employs a wide range of economic concepts, t...

Q: Find the value of X. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000| $1,000 $1,00...

A: Total cost is the sum of fixed cost and variable cost 

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A: Given, T=12+3Q where T is the Total cost function The average cost is defined as the cost of product...

Q: Question 7 If a seller's marginal cost is MC-15+4Q, calculate the seller's total cost (TCC) of suppl...

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process. Mar...

Q: Draw a FULLY labeled graph that shows the welfare effects of imposing a binding price ceiling in the...

A: Introduction Consumer surplus is the consumer's gain which he get from exchange. It is the differenc...

Q: A woman invested Php37,000, part at 8% and the rest at 9.5% annual interest. If the 9.5% investment ...

A: Given that: Total investment = 37000 Interest rate of part 1 (r1) = 8% Interest rate of part 1 (r2) ...

Q: The figure shows three supply curves for wheat. Which of the following would cause the supply of whe...

A: Supply curve is upward sloping and shows a positive relationship between price and quantity supplied...

Q: Consider the stage game below. Can we get (A,Y) played each date in an infinitely repeated game? Exp...

A: The handwritten solution is attached below:

Q: Banks may money out of other people's money. True False

A: The banks can generate money from people money and this can be done in many ways, one way is to use ...

Q: 3. A skilled carpenter named B can make a chair in five hours. It would take me eight hours to make ...

A: Tax compliance refers to policy actions and individual behavior aimed at ensuring that taxpayers pay...

Q: If new cars are an elastic good then: If the price of new cars goes up people will buy more If the p...

A: The elasticity of demand explains the percentage change in quantity demanded due to the percentage c...

Q: |0. Giffen goods are those goods

A: To find : What is type of giffen goods. 

Q: An annual deposit of P1,270is placed on the fund at the end of each year for 6 years. If the fund ha...

A: Annual constant deposit = 1270 Time = 6 years Interest rate = 5 % compounded annually      

Q: 24. Competition à la Cournot with homogenous goods and symmetric convex cost functions. Consider an ...

A: Given information Cournot model with 2 firms Inverse demand function P=a-bQ Q=q1+q2 identical cost f...

Q: Let's say that you have put $1,000 in your savings account at a local financial institution, and an ...

A: 1.The employee is correct, of course.The reason for this is that the money you have deposited in you...

Q: 1. A) When it comes to the level of utility that can be attained along an individual demand curve, w...

A: 1 A) The answer is - a-the level of utility increases as the price of the product falls  

Q: O A good is normal when a rise in income leads to a fall in the quantity consumed of that good. On t...

A: A product or item that is being produced or sold for its consumption or further sale is being known ...

Q: A man pays his debt in the following manner: P1000 after 1 yr., P900 after 2 yrs., P800 after 3 yrs ...

A:

Q: Kids in the city were willing and able to buy 12 rolls of cotton candy when the price was $1.00 each...

A: Demand schedule: This shows the different combinations of price and quantity demanded of a good. The...

Q: 1 Given the following bids to buy and to sell a used book. Bids to buy: $16. $16 . $18 . $18 . $18 ....

A: In the above question, it is given Bids to buy and to sell a used book.  BIDS TO BUY ($) BIDS TO ...

Q: Business cycles are: O fluctuations in stock prices over time. O changes in the unemployment rate ca...

A: Business cycle refers fluctuations in an economy which includes expansion or contraction. When econo...

Q: Pizzas are produced using capital as a specific factor and labor as a mobile factor. The graph below...

A: Given that; Pizzas are produced using capital as a specific factor and labor as a mobile factor.

Q: n is an employer forced to keep the labor cost low?     A. When the product demand is inelastic.   ...

A:   The wage rate will be competitive in the market structure where competition is high. When demand f...

Q: Chorlton, Fenella and O’Reilly are the sole inhabitants of Cosgrove. Their total holdings of $600 be...

A: 6. The velocity is given by, V=TransactionMoney Supply=30+15+75600=120600=0.2 7.If the amount was X,...

Q: A profit-maximizing monopolist facing the situation shown in the graph below should: MC ATC AVC P D ...

A: A monopolist is a single firm selling unique good in the market.

Q: Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. Ho...

A: GDP or the Gross Domestic Product is the final value of all the goods and services produced in an ec...

Q: Suppose a straight-line downward-sloping demand curve shifts rightward. Is the price elasticity of d...

A: Answer: Price elasticity of demand is the measure of the responsiveness of quantity demanded to chan...

Q: Brand loyalty as a decision process relies on which theory of learning? cognitive learning O passive...

A: In the mentioned question we have been asked which learning is used while thinking of brand loyalty.

Q: 1. If a market is characterized by economies of scale, then which of the following is true: a. this ...

A: As a product is put into manufacturing process, cost  takes place and business follow ups. Business ...

Q: Suppose that you are thinking about joining COSTCO. You must pay a membership fee, but once you join...

A: Suppose You consume toilet paper (X) and other goods (Y). Assume that price of Y is 1. Membership fe...

Q: 1) Using the World Bank’s classification system, Malaysia, Mexico and Brazil are: a. low-income coun...

A: Answer: (b) upper-middle-income countries.

Q: Whether the government has taken any action on Call to Action ?   2. Discuss the current status of...

A: 1. Governments should use complete social welfare to respond to COVID-19 and limit its socioeconomic...

Q: The income elasticity of Abigail’s demand for CDs is 0,75. For Abigail Cds are a normal good or an i...

A: There is a form of government which is known as democratic government.It has been seen that there is...

Q: If a company's annual discount rate is 8% what would the present value of $1,000 in year 5 of a proj...

A: Present Value = FV(1+r)N    where, FV = Future Value = $1000 r = discount rate = 8% = 0.08 N = numbe...

Q: Your firm is considering which of two devices to install to reduce costs and has asked you to perfor...

A: For the Device A: Useful life = 5 years Cost = $21000 Annual savings = $7500 Salvage value = $2000 E...

Q: 5 a.) Draw a market where consumers demand health insurance and insurance companies supply insurance...

A: Just as the price is determined, in the same way, the premium of the insurance is also determined. H...

Q: Rising health care costs O stretch government budgets, especially as the proportion of the populatio...

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

Q: 5

A: Nash equilibrium  More specifically, the Nash equilibrium is a game theory concept that states that ...

Q: The gravity model allows to directly compare the effect on borders on trade to the effect of distanc...

A: True The given statement is true.  The gravity model of international trade is a model that forecast...

Q: Aanchal and Bradyn are two homo economicus engaged in exchange over sour snakes (x) and peanut butte...

A: Marginal rate of Substitution refers to the rate at which one good is given up to get one additional...

Q: QUESTION 4 Use the following supply and demand schedules for skate boards in table 18.1, to answer t...

A: The demand and supply curves intersect at a level of price giving the market equilibrium point. At t...

Q: An increase in the supply of music downloads indicates that more music downloads will be     Mult...

A: Here, it is given that the supply of music downloads is increased in the market. 

Q: 1. What are the demand schedule and the demand curve, and how are they related> Why does the demand ...

A: Law of demand states that there is an inverse relationship between price and quantity demanded. 

Q: There are about 2500 leather wallets available in a country. When the price of these wallets is rais...

A: We will form the demand and supply equations using the equation of a line. Suppose, there are two po...

Q: Which of the following people would be unemployed (or belonging to any labor market group) according...

A:

Q: There are three popular types of social welfare functions. Benthamite Social Welfare Function - W (u...

A: Social Welfare Functions: Benthamite Social Welfare Function: W(u1, u2,... uN) =∑i=1Nui Egalitarian...