Q: QUESTION 13 13. This question coresponds with the demand and supply curves below for good X Demand…
A:
Q: Creativ-Design, Inc. has 68% of the market share in a particular geographic region for one of its…
A: MONOPOLY A monopoly is a form of market where there is a single seller and a large number of buyers.…
Q: Ben bought his brother a laptop 5 years ago which has a cost around 25,000PhP. The laptop's life…
A: The given variables are: Initial cost = PhP 25,000 Life = 10 years Semi annual maintenance after 5…
Q: Is it justified that Russia is invading Ukraine? Why?
A: Relations between these (Russian and Ukrain) two countries have been difficult since the 2014…
Q: What is the U.S 6 month interest rate?
A: In the mentioned question we have been asked about the 6-month interest rate of the U.S.
Q: D. r$ = 20%
A: Interest rate Parity condition holds When domestic interest rate is equal to foreign interest rate…
Q: Match the Product with whether production should be centralized or decentralised Soap [ Choose ]…
A: Centralized production refers to the production process exist with upstream and decision about…
Q: Setting price based on what a customer is willing to pay is called O cost based pricing O…
A: Pricing strategy: - it is a method by which we can determine the price of a product by taking all…
Q: Suppose oil production in the Gulf of Mexico was a symmetric horizontal oligopoly in Cournot…
A: Given demand function Q=12000-20P MC=$50
Q: Price Level LRAS SRAS Price Level LRAS (P) (P) SRAS Pe P₂ XXXX AD AD QE QN Real GDP (Q) Qv QE Real…
A: Equilibrium in the market occurs at the intersection of AD and SRAS curves.
Q: (Figure: The Average Total Cost Curve for Shoes) Use Figure: The Average Total Cost Curve for Shoes.…
A: The average total cost for a firm can be defined as the cost per unit of output that is incurred on…
Q: The deflation. is a statistic used to measure the pace of inflation or Multiple Choice O index of…
A: Inflation rate refers to rate which the average price level in an economy rise. If the inflation…
Q: Define each of the following markets: Monopoly, Perfect competition, Monopolistic Competition, or…
A: Monopoly is a type of market in which there is single seller of the product. It means that product…
Q: your) 8 300 175 100 What graph would represent the total fixed cost curve? (A) C B B Figure J (2) O…
A: Total cost is a sum of fixed cost and variable cost.
Q: Given the prices of labour and capital inputs, the cost minimizing combination of inputs suggests…
A:
Q: If nominal GDP is $1,000 and the money supply is $250 then money velocity is
A: Given money supply = 250 $ Nominal GDP = 1000 $ Velocity of money = Nominal GDp / Money supply =…
Q: If the country of Magnolia had G = $700 and T = $800, then O it had a budget deficit of $100 it had…
A: Budget deficit occurs when government's expenditure is more than its revenues. Budget surplus occurs…
Q: QUESTION 14 14. In the late 1970s, as gasoline prices began rising, the govemment imposed a price…
A: A price ceiling is an upper limit on the price implemented by the government.
Q: Crowding out occurs when expansionary fiscal policy causes unemployment to rise inflation to rise…
A: Fiscal policy refers to changes in government spending and taxes.
Q: Use the table below to answer questions about Christina's Christmas Wreaths. Christina operates in a…
A: The incremental costs spent when producing additional units of a good or service are referred to as…
Q: Explain why employers pay a lower efficiency wage when unemployment is high. How would the…
A: An efficiency wage is paid above the minimum wage to maintain a trained and efficient workforce.…
Q: Darrell owns a furniture store. His total costs are $225,000 per year, and his fixed costs are…
A:
Q: If the dollar interest rate is 10 percent, the euro interest rate is 6 percent, then A) an investor…
A: Given:- Dollar interest rate=10% Euro interest rate=6% To know:- Investor's decision=?
Q: The demand and total cost functions for a monopolistically competitive market are: Q(P) = 300/N – P,…
A:
Q: 2. The opportunity cost of holding assets as money Suppose you've just Inherited $10,000 from a…
A: Answer; Ans 1) Interest rate =8, opportunity cost= 800 Interest rate= 10, opportunity cost=…
Q: 'Debit' means O Increase in an account Decrease in an account Right side of an account Left side of…
A: Meaning of Accounting: Here, the term accounting refers to those recording of various transactions…
Q: correct Question 19 Imagine your utility is given by In(w), where w is the amount of wealth you have…
A:
Q: 3 P-200x -3x² - 2xy + 150y-2y Find Px Pxx, Py, Pyy Pxy - Pyx Set Px = Py to Fino x Ano y Pxx Pxy…
A: Introduction Here we have given a quadratic equation of profit. P = 200x - 3 x2 - 2xy + 150 y - 2 y2…
Q: An economy is described using the following equa C=210+ 0.15 (Y-T) 1=225 G=185 NX=-30 T=110 Y = 700…
A: The measure that depicts the total value of goods and services being produced in an economy during a…
Q: Discuss the sources and approaches used by McDonald’s in order to stay abreast of the environmental…
A: McDonald's takes a variety of steps to ensure that it is up to date on environmental issues. Global…
Q: Question 41 We found in our Ricardian lecture that the pattern of trade between countries was…
A: The measure that depicts the exchange of goods and services between two countries is known as trade.…
Q: 3-) Use the following information to answer the questions below: The Kentucky Coal Company sells its…
A: Fixed cost is that part of the total cost which is constant and does not change with respect to any…
Q: en is a predator-prey model with the following parameters: Carrying capacity 1000, regrowth rate of…
A: The state of equilibrium occurs when market supply and demand are matched, resulting in stable…
Q: O a. is a fixed charged levied on imports while is a fraction of the cost of imports.…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: How do you determine a budget for personal consumption?
A: A monthly budget is a structured financial planning tool that assists you in determining how much…
Q: we had two buyer types for pharmaceuticals. One with inverse demand P = 8 – 0.25Q, and one with…
A:
Q: If a local sports team seldom sells all of the tickets to a given game will the use of price…
A: Price discrimination means different prices are charged to various customers.
Q: A bank features a savings account that has an annual percentage rate of r = daily. Anna deposits…
A: The total of the future investment returns discounted at a specific level of rate of return…
Q: If people use ketchup packets as a medium of exchange, what type of money would they be?
A: When ketchup packets act as medium of exchange then the money would be called as commodity…
Q: apan employed strategic trade policy to further its national interests. Give an example of an…
A: The government began a gradual trade liberalization policy in the 1960s. It ease import quotas,…
Q: Consider an economy described by the following equations: Y = C+1+G C = 150 + 0.6 x (Y - T) I = 500…
A: Answer; Consumption function is as follows - C = 150 + 0.6(Y - T) (Y - T) in above…
Q: 2. Consider the two-by-two bimatrix game listed below: Left Right Up Down (1,-1) (2,-2) (3,-3)…
A: Mixed strategy equilibrium is a randomization of pure strategy equilibrium. Let the probability with…
Q: In the following table, indicate whether the researcher in the scenario is collecting experimental…
A: Experimental economics is the study of economic issues using experimental methods. Experiment data…
Q: (2,1) (7,7) (1,2 Jarantee for each row and each column. Find the prudent strategies for cate any…
A: *Answer: Prudent Strategies are those for which worst possible outcome is the best among all .…
Q: Which of the following is a benefit of central bank autonomy? Select one: O a. Corruption O b.…
A: The answer is - c. Low inflation
Q: Assuming the nominal interest rate is positive, ceteris paribus, which of the following statements…
A: We know: Real Interest Rate = Nominal Interest Rate - Inflation This means how much are we earning…
Q: 6. A producer can produce 2500 units of wood parts per day at a plant located in USA. The steady…
A: Answer; Yearly DEMAND = 500 * 200 = 100000 Arrangement COST = 50 HOLDING COST = 1…
Q: Ping golf clubs, Mont Blanc pens, and Rolls Royce automobiles are the only acceptable products for…
A: Ping golf clubs, Mont Blanc pens and Rolls Royce automobiles are the only acceptable products for…
Q: In a small nation, the government owns several of the key businesses and provides a wide range of…
A: Governments in socialist countries are tasked with redistributing wealth and closing the wealth gap…
Q: An apartment complex included a fixed price of water in the monthly rent. One day the city decided…
A: demand is a financial rule alluding to a customer's longing to buy labor and products and readiness…
Step by step
Solved in 3 steps
- Whether a certain criterion is determinant or not is independent of the situation in which a product is consumed. True False In the context of disposing of consumer refuse, recycling cuts down on garbage while providing raw materials for other new products. True False Which of the following is a fundamental emotion evoked by positive, anticipatory appraisals that signal uncertainty about a positive outcome? a. Hope b. Confusion c. Surprise d. Pride Which of the following best describes chronic, repetitive purchasing behaviors that are in response to negative events or feelings? a. Addictive consumption b. Impulsive purchasing c. Window shopping d. Compulsive buying Retaliatory revenge is when a consumer yells insults and makes a public scene in an effort to harm the business. True FalseSuppose there was a debate regarding how to spend $1 billion in newly found revenues in the budget. Suppose the most liberal Democrat suggests an increase to Food Stamp (SNAP) allotments. Suppose the most conservative Republican suggests an increase in defense spending. The Republican says that, on average, military spending does the most good, so more is better. The Democrat is arguing that the extra food purchased by the extra spending will increase well-being the most. What is going on here? A . Both are employing marginal analysis, just from different perspectives. B. Only the Democrat is using marginal analysis. C. Only the Republican is using marginal analysis. D. Neither are using marginal analysis.1. Write down an exchange economy model with two individuals and two goods, in whichthere is no consumption externality. State and explain the key assumptions of the model.Using the model, answer the following questions:(a) Explain carefully how the concept of Pareto efficiency differs from that of socialwelfare.(b) State the Second Theorem of Welfare Economics and explain carefully why it holds.What is the importance of the assumption of convex preferences to this theorem?(c) Explain the concept of the utility possibility frontier. What is the role of the utilitypossibility frontier in the social welfare maximization problem of a welfarist society?
- Suppose we wanted to investigate the saving and borrowing behavior of consumers. It’s not that difficult to extend our basic model. We can use the same framework as before, but define our two goods as “consumption in period 1” (horizontal axis) and “consumption in period 2” (vertical axis). a. Construct a budget constraint for a consumer who earns $100 in income in period 1 and $300 of income in period 2. Label this point E for the “Endowment” point. Assume that he can choose to save some income in period 1 to be used in period 2, or to borrow some income from period 2 to use in period 1. (Let’s imagine the consumer saves the money by putting it in a piggy bank and can borrow money from his parents, who don’t charge interest.)What are the implications and application of the principle-agent in the real economy? Lemon market case and hold upAlex preferences over cake, c, and money, m, can be represented by the utility functionu (c, m) = c + m + µ (c − rc) + µ (m − rm)where rc is his cake reference point, rm is his money reference point, and the function µ (·) isdefined as µ (z) = z , z ≥ 0 and λz, z < 0 where λ > 0. 1. If his reference point is the status quo (that is, his initial endowment), what is themaximum price Sam would be willing to pay to buy a cake?2. If his reference point is the status quo, what is the minimum price Sam would be willingto accept to sell a cake he already owned?
- James's preferences over cake, c, and money, m, can be represented by the utility functionu (c, m) = c + m + µ (c − rc) + µ (m − rm)where rc is his cake reference point, rm is his money reference point, and the function µ (·) isdefined as µ (z) = z , z ≥ 0 and λz, z < 0 where λ > 0. 1. If his reference point is the status quo (that is, his initial endowment), what is themaximum price Sam would be willing to pay to buy a cake?2. If his reference point is the status quo, what is the minimum price Sam would be willingto accept to sell a cake he already owned?In this hypothetical economy, there are two consumers living over two periods of life. Ann’s incomes are $50,000 in both periods. Meanwhile, Bob earns nothing in the first period but $105,000 in the second period. Both of them can borrow or lend at the interest rate r. For simplicity, assume that there are no taxes. a) Assume that both Ann and Bob consume $50,000 in the first period and $50,000 in the second period. Write down the lifetime budget constraint for each consumer then calculate the interest rate r. Describe the economic behavior of each consumer. b) Suppose the interest rate increases. What will happen to Ann’s consumption in the first period? Is Ann better off or worse off than before the interest rate rises? Explain your answer using an appropriate diagram c) What will happen to Bob’s consumption in the first period when the interest rate increases? Is Bob better off or worse off than before the interest rate increases? Explain your answer using an…In this hypothetical economy, there are two consumers living over two periods of life. Ann's incomes are $50,000 in both periods. Meanwhile, Bob earns nothing in the first period but $105,000 in the second period. Both of them can borrow or lend at the interest rate r. For simplicity, assume that there are no taxes. a)Assume that both Ann and Bob consume $50,000 in the first period and $50,000 in the second period. Write down the lifetime budget constraint for each consumer then calculate the interest rate r. Describe the economic behaviour of each consumer. b) Suppose the interest rate increases. What will happen to Ann's consumption in the first period? Is Ann better off or worse off than before the interest rate rises? Explain your answer using an appropriate diagram c) What will happen to Bob's consumption in the first period when the interest rate increases? Is Bob better off or worse off than before the interest rate increases? Explain your answer using an appropriate diagram.
- Remember to illustrate diagramatically for some of these parts! 6. Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you have no income. You have no ability to borrow or lend, so your consumption, c, is simply equal to your income. a) Derive and plot the feasible set, between daily values of consumption c, and “leisure”, l. Label the values at the intercepts (the points where the feasible frontier cuts the two axes). b) Assume that your optimal choice of consumption and leisure is to work 8 hours per day. Illustrate this choice diagrammatically using the feasible set and indifference curves. c) Use indifference curves and the feasible set to show why, given the properties of the optimal choice in part b), it is not optimal to work, say, 10, or 6 hours per day. d) Now assume that you receive an income of £140 per week from an unknown benefactor. Show the impact on your feasible set, and show a new optimal choice in which consumption increases…Let’s use the Fisher effect to use two known values to learn about the unknown third one. Consider the table, with some values given and some missing. ?i ??Eπ ?EquilibriumrEquilibrium 5% 2% 3% 5% 1% ___ 5% ___ 8% ___ 10% 2% 6% ___ 2% 0% -2% ___ Compute the missing values in the table. ?=5%,??=1%,?Equilibrium=i=5%,Eπ=1%,rEquilibrium= % ?=5%,?Equilibrium=8%,??=i=5%,rEquilibrium=8%,Eπ= % ??=10%,?Equilibrium=2%,?=Eπ=10%,rEquilibrium=2%,i= % ?=6%,?Equilibrium=2%,??=i=6%,rEquilibrium=2%,Eπ= % ?=0%,??=−2%,?Equilibrium=Budget Constraints: Sam has an income of $1000 a week from a rental property he owns. Sam also has a job as a legal assistant where he gets paid $50 an hour for the first 50 hours he works. However, he can’t work for more than 50 hours, so for every hour, he works more than 50 he can work as a cashier making 20 an hour. John’s time endowment is 100 hours. a) Draw and label Sam's budget constraint b) What is John’s maximum potential income? c) What is the price/hour of leisure when Sam works fewer than 50 hours, and more than 50 hours/week? Need help for a b c . Thanks