The Coase Theorem: Select one: a. states that in some circumstances majority voting can yield inconsistent results.

Q: please teach explain step by step, I do not know notations, concepts too

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A: Game theory is concerned with the choice of an optimal strategy in conflict situations.

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A: Here we will find the value of Z which would be equivalent of all the values written on the RHS flow…

Q: As a producer and seller of some commodity, you have learned that, if you produce and sell x itmes…

A: Profit is the difference between total revenue and total cost.

Q: Interest rates might decline when     Responses A Nominal GDP growth is lower than nominal interest…

A: Interest rate is the reward for saving and a cost for borrowing. When the interest rate increases,…

Q: Explain the two ways to measure economic growth. Give examples

A: Economic growth is a notion that reflects on the aggregate economic aspect of a specific nation and…

Q: How to save towards purchasing a home

A: Savings are amount of money that remain after subtracting a person's consumer spending from their…

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A: Probability of Rain = p  Probability of no rain =  (1 - p )  The forecast is 'q'  Bonus if it rains…

Q: a. increasing b. decreasing C. constant d. zero

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A: Supply curve shows different combinations of price and quantities supplied.

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A: Apportion technique is otherwise called closely resembling assessing, utilizes verifiable…

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A: Giffen good is specific case of inferior good where demand is high even at the higher price. or…

Q: Suppose that the supply and demand schedules for a product are as follows: Price Quantity demanded…

A: The equilibrium point is the point at which the supply and demand curve meets. In other words, at…

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A: GDPMP by Income method = Compensation of employee + operating surplus + Mixed income + Depreciation…

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A: When referring to investments with known or anticipated return rates, the term "expected return"…

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A: The production possibility frontier Frontier is a graphed curve that shows the possible output of…

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A: Introduction We have two types of markets: the goods market and the money market. The goods market…

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A: The LIBOR rate is intended to represent the actual cost that banks anticipate paying to borrow a…

Q: . In the Solow growth model, defining s as the savings rate, Y, as output, and Ct as consumption,…

A: ANSWER: (5). Solution-     In solow model,    s¯ = saving rate     Yt = Output    Ct = consumption…

Q: 10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled…

A: Equilibrium refers to the point where demand curve intersect supply Curve

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A: The demand function is Q = 300 - 1200p 1200p = 300 - Q p = 300/1200 - Q/1200 p = 0.25 - 0.025Q…

Q: John eams $4.800 per month. He spends all of his money on two goods, A and B. The price of good A is…

A: Given  John's income per month (m)=$4,800 The price of good A is $240 and the price of good B is…

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A: Equilibrium in the market occurs at the intersection of demand and supply curves.

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A: When more of a good is needed than is being produced, this is referred to as a shortage. When prices…

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Q: In economics terms what is autarky. Please explain it in more than 150 words.

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Q: 1.Illustrate a situation when the producer of a good will have a greater tax incidence than a…

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Q: 9. True or False? In the production model we studied, TFP can be greater than 1. A. True B. False

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A: Education is good which creates positive externalities in an economy . This means by educating…

Q: 10. Dependent & independent variables; positive & inverse relationships: Consider the curve labelled…

A: Equilibrium refers to the point where demand curve intersect supply Curve

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A: Mercantilist theory of international Trade is all together different from the classical theory of…

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