The demand equation for a particular candy bar is px + x + 20p = 3000 where 1000x candy bars are demanded per week when p dollars is the price per bar. If the current price of the candy is 49 dollars per bar and the price per bar is increasing at the rate of 0.2 dollars each week, find the rate of change in the demand.

Q: If we assume that a cafe owner wants to increase the number of people she can serve lunch to and is ...

A: Answer: Introduction part: To some extent, all economic resources are  interchangeable.The cafe owne...

Q: If a country is importing more than it is exporting it will have a balance of trade trade surplus ...

A: Balance of trade is the difference between the total value of exports and imports.  

Q: Given cost and price (demand) functions C(g) = 110g + 43,000 and p(g) = - 1.8q + 890, what price max...

A:

Q: Suppose the price of McDonald's meals rise. All else equal, the GDP deflator will fall, and the CPI ...

A: GDP Deflator is the ratio of nominal GDP and real GDP.   

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: In an economy, price ceiling refers to the one of the ways of controlling prices by the government a...

Q: Suppose the government offers investment tax credits to firms. In the market for loanable funds, the...

A: The interaction between the demand for loans and the supply of savings helps in determining the real...

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or

A: A tax is a mandatory fee or financial charge imposed by a government on an individual or an organisa...

Q: Cailculac Carg's gntmal undleit Corl norrly price Bice, po hay nrice This is wunclle A shaw on cliag...

A: The consumption bundle is optimal when the following condition holds,MU1 / MU2 = P1 / P2Where, MU1 =...

Q: 12. Which of the following is not included in M1? a. Currency b. Demand deposits c. Savings deposits...

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: Jacob manages a cloth manufacturing firm. He is deciding whether or not to invest in new machinery. ...

A: Net Present Value is the present value of all future cash flows of any investment. It is given by th...

Q: Jim's retirement account in a company currently totals $416,384. What perpetual income can Tom and h...

A: To begin receiving income as soon as a policy has been established, the annuity contract is called a...

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A:

Q: If the demand of a company can be expressed as P = 750 - 2 Q^ 1.5, where Q is the quantity and P is ...

A: Given  Demand of a company: P=750-2Q1.5          ... (1) Where Q represents the quantity and P repre...

Q: To affect the level of potential output, the monetary policy and fiscal policy must alter short-run ...

A: Monetary policy is the monetary authority of the economy which manages the interest rate and short t...

Q: GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [...

A: The correct answer is given in the second step.

Q: Suppose there are only two firms that sell smartphones, Flashfone and Pictech. The payoff matrix tha...

A: Given; 1) If Flashfone prices high, Pictech will make more profit if it chooses a low price. Reason...

Q: What is Foreign Direct Investment (FDI) all about?

A: An investment is defined as asset which is acquired with the goal of earning income. This can be in ...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: Here, it is given that the price changes from 5 to 6, and demand is equally elastic. 

Q: if the government imposed a price ceiling on oil and gas prices? How would this affect the market in...

A: The oil sector is largely affected by the law of supply and demand.  Oil price expectations are one ...

Q: What can you say about Tax incidence in the Philippines, who carries the burden more? Give examples ...

A: Tax incidence is an economic term for the distribution of tax burden between producers and sellers. ...

Q: Why Is There Inequality?

A: Inequality is defined as the measure which expresses the gap between the rich section of the society...

Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 18,2 80,60 a...

A: Mixed strategy Nash Equilibrium is when Player 1 chooses his/her strategy with a particular probabil...

Q: respond to changes in another? Why would a profit-maximizing firm expand the use of each input unti...

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

Q: In the AD/AS model, if both inflationary expectations and business taxes increase, then the price le...

A: When talking about AD-AS model, it is the framework to explain the market goods goods and services a...

Q: Select all that are true reagrding market risk for a bank.     Adverse changes in the relative str...

A: In an economy, banks are the financial institutions that deals with the risk associated with the tra...

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example long explanation. Th...

A: Answer: Indirect taxes, both specific and ad valorem, are also feasible. A commodity specific tax is...

Q: Which of the following is true for a monopoly? a. p=mr b. p=mc c. a monopoly can sustain positive pr...

A: 3) A monopoly is a market structure where there is one seller and many buyers. The conditions in the...

Q: Use the given scenarios and the information you have learned about Fiscal and Monetary policy to com...

A: Answer: Monetary policy: Federal reserve can use the tools of monetary policy to correct it. The fou...

Q: In this problem, p is in dollars and x is the number of units. The demand function for a product is ...

A: Equilibrium of market is achieved when demand for goods and services are equal to supply for goods a...

Q: If there is an increase in productivity or an increase in the demand for the final product, what is ...

A: Labour demand curve is downward sloping and it shows the relationship between wage rate and the quan...

Q: Use the table Costs for Alina's Apple Pies. If Alina's Apple Pies operates in a perfectly competitiv...

A: Difference between total revenue and total cost gives the economic profit of a firm. 

Q: What is Determinants of supply?

A: The quantity of a good or service that providers or producers are willing to sell in the market at a...

Q: The country of "Econoland" can use its resources to produce either 500 tons of crab or 200 tons of p...

A: Here, Two countries are given as Econoland and Arcadonia, which are producing two goods as crab and ...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: In a market, the elasticity of demand has a significant impact on the total revenue of the firm when...

Q: 6. Because of the peso devaluation, a car costing P150,000 is to be purchased through a finance comp...

A: An effective interest rate is the return on from an saving account or any premium paying speculation...

Q: Which of the following economists is credited with developing the notion of "economic time?" Marbury...

A: An economist's involvement in development involves assessing statistics such as GDP and consumer con...

Q: The table shows the cost information for a farm when the farm has three different amounts of capital...

A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...

Q: 5. The price p (in pesos) and demand x for kimchi orders in a month are related by (x – 800)? – 1,53...

A: If the price is increasing at the rate of 10 per month it means next month price will increase by 10...

Q: (A) What is the importance of market integration in globalization? (B) Is global interstate system i...

A:   market integration. is a separate business sectors for a similar item become one single market, fo...

Q: Countries which export more than they import have a balance of payments    trade surplus       trad...

A: The statement that reflects the transactions between one country and the rest of the world is known ...

Q: When the economy is in a recessionary mode, what will likely be the actions by the Federal Reserve u...

A: A recession is a prolonged period of declining economic performance across an entire economy. A rece...

Q: a. Classify each project as either simple or nonsimple. b. Use the quadratic equation to compute * f...

A: Given:

Q: . Assume that money velocity is constant. . Suppose the money supply increases by 12%. What do you e...

A: a. If money supply rises but velocity remains constant, the output must rise to keep prices from fal...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: The measure that depicts the change in quantity being demanded of a good with respect to change in p...

Q: advertises, Expresso makes a higher profit if it chooses doesn't advertise, Expresso makes a higher ...

A: All answers given below,

Q: 6. The double-entry principle in the balance-of-payments How will the following transactions affect ...

A: When talking about US balance of payment account, any inflow of cash will be recorded in the credit ...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: The measure that depicts the change in quantity being demanded of a good with respect to change in p...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: Demand refers to the inverse relationship between the price and quantity demanded. The rise in price...

Q: Susan and Thomas are playing a one-shot simultaneous move game an infinite time horizons. The payoff...

A: Given,  There are Two Players : Susan and ThomasBoth have two strategies : L and R The pay-off matri...

Q: 22. If C = 2000 + 0.5 YD, what decrease in taxes must occur for equilibrium output to increase by 50...

A: Disposable income depends on taxes and charges in taxes affect disposable income which then affects ...