The demand for cameras in a certain country is given by D=8000−30P, where P is the price of a camera. Supply by domestic camera producers is S=4000+10P. Suppose that world price of a camera is $150. If this country decides to trade, which of the following is true? Group of answer choices 3000 cameras will be exported Domestic production of cameras will decrease by 500 Domestic production of cameras will increase by 500 2000 cameras will be imported

Q: In a perfectly competitive market                a) P=MR                b) P>MR                c)…

A: 16) In a perfectly competitive market, price always equals marginal revenue because increasing in TR…

Q: The expenditure approach to calculating GDP is best expressed by which of the following?     A.)…

A: GDP measures the value of goods and services that are produced within the country during a specific…

Q: Let's assume that in Ventura, a toaster company was manufacturing 3,000 units of toasters at the…

A: Introduction Economies of scale means that as a producer increases the quantity produced/output, the…

Q: Consider a perfectly competitive firm, with the cost information provided on a graph below. MC р ATC…

A: We have given cost structure of a competitive firm and price at which is supply the good.

Q: Why do we exclude intermediate goods from the calculation of GDP?     A.) Intermediate goods do not…

A: Intermediate goods are goods used in production of final goods and services

Q: after 2 years

A:

Q: ) 14) According to the absorption approach what happens to China's trade balance following an…

A: Introduction Absorption and monetary approach both are related to balance of payment adjustments.…

Q: The economy's unemployment rate is 2% and the inflation rate is 18%. The most appropriate policy for…

A: As we know that Phillips curve shows the relationship between inflation and Unemployment rate . And…

Q: Net Foreign Factor Income $8 Corporate Profits 47 Gross Private Domestic 73 Investment Proprietors…

A: Net earnings is described as disposable earnings. It is the quantity final after taxes. After-tax…

Q: Consider two standard Keynesian models. In Model 1, there are two types of consumers, Type A, who…

A: Keynesian model: It refers to the economic theory which is related to the total spending of the…

Q: You live in Canada, and purchased a car manufactured in Japan this year from a dealer in Canada. The…

A: Gross domestic product  is the total market value of goods and services produced domestically during…

Q: Exercise 4: A small country with the domestic supply and demand function for good X as followed,…

A: Economy's domestic equilibrium occurs when domestic demand and supply are equal . And it determines…

Q: maintenance costs of a new boiler are estimated as follows:  P 600 per year for the first 3 years, P…

A: We have, First 3 year cost = P600 per year the 4th year cost = X 5th to 10 years cost = P1800 per…

Q: An asphalt road requires no repair for three years but starting on the 3rd year P94,745 will be…

A: Repair Cost starting from 3 years which goes on for 5 years = 94745  Beyond this , Monthly repair…

Q: 3- If the slope is equal to 0.5 slop, then the amount of to. Note that 7 = xi elasticity at the…

A: The slope of the demand curve shows the ratio of percentage change in quantity demanded to the…

Q: Using the aggregate money demand theoretical framework, discuss 3 factors that determine Australia’s…

A: Money is a valuable asset that is widely used and accepted as a form of payment. Money can refer to…

Q: 2- If the value of the price elasticity of supply is equal to 0.11 -Es = 0.11, the slope = -0.5 and…

A: The supply is positively related to the price of good.

Q: Use the following diagram for a monopoly to answer the questions. Price and cost per unit MC $30 ATC…

A: The monopoly market is characterized by the presence of single firm. The single firm is price maker.…

Q: Charlies's lawn-mowing service is a profit-maximizing.competitive firm. Bob mous lawns for $27 each.…

A: In perfect competition market firms are price taker . They have to accept the price determined by…

Q: The U.S. health care system is changing, including becoming more data-driven, evidence-based,…

A: Medical education establishes a commitment to learning over the course of a physician's career to…

Q: Madeleine is a high school graduate deciding whether to go to university. She (like everyone else)…

A: Madeline's net (recent value of income) = income in period 1 + income in period 2(1+r)Without…

Q: Which of he following stalements about lhe Time Limil on Certain Defenses provision in an Accident…

A: Time limit on certain defences arrangement in a singular medical coverage strategy that restricts…

Q: Mcq's 8) A few firms dominating an industry is an example of                a) oligopoly…

A: Oligopoly: Oligopoly happens when occasional firms dominate the market for a service or good. This…

Q: Given the Cobb Douglas Production Function of F(K,L) = AKtalphaLt(1-alpha) and assume that A = 3, t…

A: 1) F(K,L) = AKtalphaLt(1-alpha)  F(K,L) = 3K0.5L0.5 Let F(K,L) =Q   For short run minimum cost…

Q: what is A $100 1 0 2 to make two cash flow diagrams equivalent, at i = 10%? A 4 5 6 7 8 0 1 2 3 5 7…

A: Cash flow is the motion of cash inside and out of a company. Cash obtained indicates inflows, and…

Q: Subject: Manegerial economics & policy Mcq's 14) A petroleum industry is an example of…

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

Q: (A): In what specific ways might the presence of a union raise productivity within a firm?…

A: A labor union is a group that participates in collective bargaining with an employer in order to…

Q: and the LM equations. Calculate the equilibrium interest ra taxes are cut by 20% and the money…

A: IS-LM Model: One of the main macroeconomic model, which name is IS-LM model. This models assists…

Q: 0 Question 10 In the market for tomatoes, assume the market demand is elastic and the market supply…

A: As we know that market archive equilibrium point where demand is equal to supply . It determines the…

Q: Suppose, at a given point in time, Stephanie's Soda Fountain sells ice cream in a perfectly…

A: Given : Perfectly competitive market Producing at the profit maximizing level of output. ATC=$3.3…

Q: you received a loan from a bank on March 12, 2013, and you are required to pay P586,875 on august…

A: Answer to the question is as follows:

Q: Profit equals to a) Revenue minus price b) Price multiplied by quantity Oc) Revenue Od) The…

A: Any revenue left over after all of the business's expenses have been paid is referred to as profit.…

Q: If two goods are substitute goods, O the price elasticity of demand for both goods will be greater…

A: Substitute Goods: Substitute goods are those goods which can be used in the place of the other good…

Q: 23) If the marginal propensity to consume (MPC) is 0.8 and if government spending (G) rises by $50…

A: Gross domestic product is the summation of consumption, investment, government expenditure and net…

Q: Suppose a monopolist faces two groups of consumers. Group 1 has a demand given by P1=50-2Q1 and…

A: There is a single firm in the monopoly competition. The single firm is price maker in the market.

Q: What national and international trade-offs raise a country's standard of living?

A: Tradeoff is a situation in which one things has to be left out in order to gain another thing.

Q: ANSWER 1-5 IF TRUE OR FALSE 1. As an initial attempt, we use multiple line chart to see trend and…

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

Q: 7) Suppose an economy is given by the following equations: C = 100+ 0.75Yd I = 125 - 5i G = 100 T =…

A: Equilibrium output is produced at the intersection of IS and LM curves. IS shows equilibrium in…

Q: 4. Consider the cash flows for the following two projects: n A B 0 -$32,000 -$39,950 1 $6,600 $7,950…

A:

Q: Menagerial economics & policy Mcq's 11) Marginal product is zero when                a) TP is at…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts for you…

Q: Note that parts f) and g) do not depend on the other parts and could be completed before or after…

A: An oligopoly refers to a market structure where there are a few dominant firms. The given market for…

Q: The cost of producing a computer diskette is as follows: Material cost is $7.00 each, labor cost is…

A: Here ,given information is, Material cost: $7.00 Labor cost: $2.00  Another expense: $1.50 Fixed…

Q: There are three sets of economic growth through increases in technology. Describe how those three…

A: Economic growth is estimated by an expansion in total national output (GDP), which is characterized…

Q: The Australian government wants to create a new income tax that collects 10% for all incomes between…

A: Average tax rate is the share of income that a tax payer pay in taxes. The marginal tax rate is the…

Q: The Paunch Burger restaurant chain currently produces 250,000 units of output by using 2,400 units…

A: Answer -    MRTS (Marginal rate of technical substitution) :- The rate by which one factor need  to…

Q: Q6. How does fiscal policy affect the economy?

A: Answer: Fiscal policy: fiscal policy refers to the policy of government in which the government…

Q: What is meant by General Electric(GE)?

A:

Q: Define marginal utility. (50 words)

A: The satisfaction a consumer feels after consuming a good or service is referred to as utility. It's…

Q: In the game shown above, list all of the Nash Equilibrium (please check ALL that apply)

A: The strategic interplay of economic agents is modeled using game theory. One of the most important…

Q: 3. Assume that ACME Products operating in perfectly competitive input and outpat markets produces…

A: A competitive firm's optimal demand for inputs where costs are minimized  is achieved at the point…