Q: Consider a small economy with only 2 banks, DSB and TKB, in the banking industry. Both banks have to...
A:
Q: :6. Utility means
A: To find : What is meaning of utility.
Q: O Brands that provide the lowest price on a product. because customers want to save money to prepare...
A: 14. The answer is - Option A - Brands that provide a lowest price on a product because consumers wan...
Q: has Low Cost Carriers established a unique position in the aviation industry? (short essay)
A: There are two primary plans of action in the aircraft business: conventional Full-Service Carriers (...
Q: Consider the main approaches to environmental policy— lawsuits, command-and-control laws and regulat...
A: Any measures being taken by the government or any other private organization with respect to the eff...
Q: Figure 3 shows a country's domestic market for a good. There is perfect competition. The supply curv...
A: The structure of market where buyers and sellers possesses full information about market and there a...
Q: Determine the monthly mortgage payment for an $80,000 loan at 5% interest when it’s borrowed for 30 ...
A: The monthly installment will depend on the value of interest rate and duration of loan amount. This...
Q: Covington Corporation purchased a vibratory finishing machine for $20,000 in year 0. The useful life...
A: Salvage value is the assessed book value of a resource after depreciation is finished, in light of w...
Q: 20. What are the functions of the House Ways and Means Committee? a) To propose legislation that gov...
A: Ways and Means Committee is a government body that is concerned with reviewing and making recommenda...
Q: Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is gi...
A: Substitute Goods Substitute goods refers to the goods that can be used in place of one another. In ...
Q: A firm that always employs two workers for each unit of capital follows which type of production fun...
A: The technological relation that exists between quantities of the output of goods and the quantities ...
Q: Q3: Without doing additional calculations, explain what would happen to the shape of the Lorenz curv...
A: Given that:- Lorenz curve( Grey colored) of 2012 If:- First 15 % people are given cash assistance by...
Q: If the slope of the AD curve were lower (curve flatter), 1. Would the immediate response of output t...
A: The equilibrium output is attained where the aggregate demand and aggregate supply are equal.
Q: In the equation AE = $2,000 + 0.8Y, autonomous expenditures are equal to 80 percent of income. [True...
A: Given, AE = $2,000 + 0.8Y where Y is the income. Autonomous expenditure is the expenditure which is...
Q: Two new instruments are being considered for an engineering firm. The firm uses a 12%/year expected ...
A: Given information Option 1 Initial investment=$120000 Annual return= $17500 n=12 years Option 2 Init...
Q: For the nation of Problem 1: (a) Determine the dollar value of the consumer surplus before and after...
A: In this question, we will be calculating the: Consumer SurplusProducer SurplusDeadweight Loss
Q: Given that the revenue function, R (x) = 26x - 2x and the cost function, C(x) = 6x + 20. Find %3D (i...
A: Revenue Function : R(x)=26x-x2 Cost Function : C(x)=x+20 (i) Profit function : P(x)=R(x)-C(x) P(x)...
Q: Voters in California are able to vote on propositions to create their own laws and through this proc...
A: In the California, it can be seen that voters can vote on propositions so that they can create their...
Q: describe how COVID-19 may differentially affect families across the socioeconomic spectrum. That is,...
A: Concerns of a new recession and financial collapse require strong and resilient leadership in health...
Q: PartE On the attached graph paper, draw the Supply Curve for the Supply Schedule below. Anton's Barb...
A: The supply curve depicts the producers' point of view, in which the amount they will sell is determi...
Q: 20.00 17.00 10.00 10.00 7.00 8.00 2.00 250 500 750 1000 120 100 1750 Quentity of shrp in kogram Gove...
A: Given: Target price=$17.50 per kg of Shrimp
Q: The government decides to levy a lump-sum taxes by $50 billion which will reduce disposable income. ...
A: Lump sump tax A lump-sum tax is a type of taxation that is based on a fixed amount rather than the t...
Q: 11. What are remedies for "free ridership" on a team? a. Address the free rider to find out why not ...
A: The free-rider problem is a sort of market failure that happens when people who profit from communal...
Q: What is meant by a regulatory taking?
A: A regulatory taking is associated with property rights when a property is taken because when a polic...
Q: What is a problem of a government running a large Debt (e.g., debt/GDP ratio of over 100%)? Ques...
A: At the point when a government's consumptions on products, administrations, or move installments sur...
Q: Horizontal inequality is one of the causes of armed conflict in developing countries. (T/F)?
A: The phenomena of unequal and/or unjust allocation of resources and opportunities among individuals o...
Q: Q3. John Deere expects the cost of a tractor part to increase by $15 per year (through year 10) begi...
A: Data given: Cost of tractor part in year 1-4 = $80 Increase in cost per year from 5 years from now =...
Q: Part B On the same graph paper, draw the Supply Curve for the Supply Schedule below, after Anton dis...
A: Supply Curve: - supply curve is the graphical way of showing the relationship between the quantity s...
Q: A Central Bank is said to have a more hawkish stance when it reacts more aggressively against deviat...
A: A central bank becomes more hawkish when it supports the increase in interest rate in order to fight...
Q: following is a total cost curve. Calculate and sketch the corresponding MC curve. If the price of ou...
A: TC = Total revenue MC = Marginal cost TR = Total revenue FC = fixed cost MR = Marginal revenue
Q: Why does globalization require a country to adopt a liberal market economy?
A: Meaning of Market: The term market refers to the situation under which the producers or the seller...
Q: What is the purpose of global interstate and the role of global governance in globalization?
A: Globalization: When we consider the concept of globalization then it means that countries will open ...
Q: In the following game, identify how many subgames there are. Then, solve the game to find its subgam...
A: Introduction Here two subgames are present in this game. Player 1 has two actions: AW and AX. Player...
Q: If 2020 is the base year for real GDP calculations, we know for certain that nominal GDP: O A. Is le...
A: "Correct option is C."
Q: 9-3. Tyson Brothers Manufacturing is currently earning economic profit. However, the market for the ...
A: Disclaimer: There is an error in the TC function. The TC function should be TC= 500Q-20Q2 +Q3 instea...
Q: Question 4 4(a) The following equation is associated with the Cobb-Douglas production function: AY/ ...
A: The correct answer is given in the second step.
Q: Question 3 3(a) Use your knowledge of the Classical model to write down an equation that explains th...
A: Dear learner you have posted a question with multiple subparts, we have solved only first two sub pa...
Q: 3. In cases below, answer questions below. 3.a. People’s preference for saving increased (so people ...
A: 3. a. For any given rate of interest now people will be saving more. Savings is also the supply for ...
Q: The real deficit is the nominal deficit adjusted for inflation's effect on the debt. [True or False...
A: The real deficit is the nominal deficit adjusted for inflation's effect on the debt. - TRUE
Q: Describe how drug cartels are able to recruit new members when their members are murdered.
A: A cartel is a formal agreement between companies in an oligopolistic industry. Cartel members may ag...
Q: Shunda is a calculator assembly company, purchase a full set of the calculator parts, assembled into...
A: Production Function is defined as the maximum output that can be produced with a given set of inputs...
Q: Complete the ollowing table to whether Kenji is correct. Price Quantity Demanded Total Revenue Total...
A: A monopoly occurs when there is just one seller in the market. S/he always tries to maximize profit....
Q: Olivia's preferences over books and plants are given by U (b, p) = bp2 where books are $2 each and p...
A: Introduction Utility function of Olivia has given. U(b , p ) = bp2 Here b stand for books and p stan...
Q: Future U.S. deficits could be decreased by Question 36 options: decreasing current and futur...
A: Below are the two reasons for the government deficit: *Excess government spending. *Low rate of taxe...
Q: Next week is Bob’s birthday and he will receive RM100.00 for his present. He saw a pair of jeans at ...
A: Here, it is given that Bob has RM100.00 from which he can either biy a pair of jeans or all other th...
Q: How do changes in the healthcare industry affect entrepreneurial nursing?
A: Governments are of utmost importance and are of certain types. In democratic government there is bo...
Q: If money supply increases 10%, and we assume a constant money velocity: O We should have a price inc...
A: The quantity theory of money states that M × V = P × Y, where M is the money supply, V is the veloci...
Q: If a game does not have an equilibrium in pure strategies, then it will not have an equilibrium in m...
A: Nash equilibrium in a game is a situation where there is no incentive to deviate from its chosen str...
Q: ADVANTAGES AND DISADVANTAGES OF LEARNING THE CONCEPT OF DEMAND AND CONCEPT OF SUPPLY. Give 5 each
A: Concept of Demand : The amount of a commodity that a household wishes to purchase is called the quan...
Q: B. The upper portion of the kinked demand curve is relatively
A: To find : What is upper portion of kinked demand curve more relatively
Step by step
Solved in 2 steps
- Buffy is thinking about opening an amulet store. Sheestimates that it would cost $350,000 per year to rentthe location and buy the merchandise. In addition,she would have to quit her $80,000 per year job as avampire hunter. Buffy thinks she can sell $400,000 worth of amulets in a year. What would her accountant consider the store’s profit? 2. Should Buffy open the store? Explain.Give typing answer with explanation and conclusion 1.Sara knits 20 scarves and sells them for $25 each. What is her total revenue? $50 $250 $45 $5002. Robert is thinking of running a flower business. His delivery van, including insurance, will cost 840$per month and his advertisement costs $360 per month. If he prices each bouquet at 40$ each, heestimates that they can sell 100 units per month. What is the most they can spend to purchase eachbouquet of flowers to break even?
- Must complete chart and graph MR, MC, ATC, AVC, and where Q indicates max profit. FOR CHART, FIND: Mid-point AVG Quantity Total Revenue (pxQ) Fixed costs calculations Variable costs (wages x workers) Total Costs (TC) Total Profit (TR-TC) AVC (VC/Q) ATC (TC/Q) Marginal Revenue (MR) (change in TR/ change in Q) Marginal Cost (MC) (change TC/ change in Q) Change in profit (MR-MC)Why do profit maximizing firms always produce output at MC = MR? Draw graph and use examplec) what is the profit or loss at the profit maximizing output?
- What is Law of Diminishing Return? Explain and show it with graph. What is Economic Region of Production? Explain. What are Ridge lines? Explain Isocost with diagram. What are the characteristics of Isocost? Explain with diagram-Profit maximization and loss minimization in monopoly market.1. Fill in this chart and explain why the firm earnsa profit no matter how many units they produce or the price they choose. 2. Using this data, how many units should this firm produce and what price should they chargeassuming they want to profit maximize.b) what is the profit maximizing output?
- (a)Identify this firm's profit-maximizing rate of output. (b) how many frisbees are being sold? (c) how many (identical) firms are initially produces frisbees?The firm has total revenue $100 and producing total 10 cell phone. How would I calculate average revenue of the firm?Here’s the table showing costs, and quantity. Find the profit. Quantity Total Cost Marginal Cost Total Revenue Marginal Revenue Profit 0 $ 8 --- $ 0 --- 1 9 $ 1 8 $ 8 2 10 1 16 8 3 11 1 24 8 4 13 2 32 8 5 19 6 40 8 6 27 8 48 8 7 37 10 56 8
