The equilibrium price means that the supply and demand for a product are in balance.True or False

Q: hand written asap

A: Cost is the expenditure that is incurred in the production of goods and services in an economy. The…

Q: Cite specific ways on how the areas of legal and political environment could improve or impact…

A: There are many external factors that affect the company's environment.

Q: Say you wish to withdraw 10,000 pesos per year for 10 years starting next year. How much should you…

A:

Q: Fill in the blank: In the long run, maximizing profits is different from minimizing costs as the…

A: In a market, there are some differences in dealing the market condition in the short-run and in the…

Q: Assess the effects of Price floor  [20 marks]

A: The market equilibrium is achieved where the demand and supply for a product are equal to each…

Q: A firm has invested a sum of £100 million to construct new manufacturing plant. Workers spend 90 per…

A: "The size of investment multiplier tells how much a rise in income occurs when autonomous investment…

Q: (Figure: The Demand for Winter Gloves) Use Figure: The Demand for Winter Gloves. Total revenue is…

A: Demand curve shows different combinations of quantity demanded at different price levels.

Q: Maria loaned an amount of P100,000.00 payable in 15 equal quarterly installments. The first payment…

A: Cash flow is the inflow or outflow of cash into the business or outside the business. It means the…

Q: A man wishes his son to receive  200 000 pesos ten years from now. What amount should he invest if…

A: There are two periods need to consider .  1st period is the 1st 5 years in which there are different…

Q: When the marginal product of labor equals the average product of labor, then a. the marginal product…

A: Marginal product is the additional output produced by employing an additional unit of input.

Q: Cyclical or demand deficient unemployment occurs when there is Select one: а. structural changes in…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Assume an economy without population growth or technological progress. Their production function is…

A: The relationship between capital, savings and population is explained by the Solow growth model

Q: Pick four of the leading economic indicators and explain why each of them is useful in predicting…

A: Statistics that predict economic occurrences are known as leading economic indicators. They forecast…

Q: the summary (below) of project costs and annual revenues for a new product line. He asks you to…

A: *Answer:

Q: An international or global competitor can strive to gain competitive advantage or counteract…

A: An international competitor refers to when an entity competes in another country. In this, the…

Q: Maintenance cost for a small bridge with an expected 60-year life are estimated to be $1,000 each…

A: Equivalent annual cost (EAC) is the annual cost of purchasing, working, and keeping a resource over…

Q: 5) The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage…

A: The annual worth or AW method refers to the value for an alternative, comprising of two prime…

Q: (a) Find the number of hours for which each cost function will give the same cost. hours (b) !f the…

A: Fron the provided data, Acme (x); 140+10x Bell (x);200+4x

Q: 5) The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage…

A: The annual worth or AW method refers to the value for an alternative, comprising of two prime…

Q: Suppose that the incomes of buyers in a particular market for an inferior good increase and there is…

A: Demand and supply forces of the market help in the determination of market price and market…

Q: A consumer is faced with the followlling Utility Function, U(x, x2) = (x 1+ x ) e, where 0<p<1. The…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: A manufacturing company purchased a new equipment for ₱53,000 and paid ₱1,500 for freight and…

A:

Q: Price evel AD AD Real ODP Refer to the above graph. Ceteris paribus, an decrease in the price level…

A: Aggregate demand shows an inverse relationship between price level and real output.

Q: Consider the following game: Steffi K 14, 6 7,6 8, 7 Jim 5,8 8, 8 13, 6 M 1, 5 8, -6 6, 6 What is…

A: Best response means maximizing payoff no matter what the other payoffs. It means the best strategy…

Q: What is the optimum level of production? Price Total cost 200 90 190 180 Quantity 180 170 160 150…

A: Optimum level of production is achieved when firm earn normal profit as in the case of perfect…

Q: 2. Suppose you asked the following question to Person A and Person B: "How much are you willing to…

A: Introduction Here wealth of A and B is $100. Suppose CARA utility function for A is U ( A) = 2…

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A:

Q: If your firm could set the price of the product or service it sells below the equilibrium price and…

A: In a market, there are various pricing strategies that a firm can adopt if it has some control over…

Q: Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public…

A:

Q: Define a perfect competition market structure?

A: Market structure defines the features of a market in which the buyers and sellers interact to sell…

Q: 3.1. Explain, with the aid of examples, the following economic concepts in terms of utility theory:…

A: Utility means satisfaction which is derived  by the consumption of goods and services . There are…

Q: Given the demand function D(p) = V375 – 2p. %3D Find the Elasticity of Demand at a price of $24

A:

Q: What are the benefits and costs of land- use regulations such as inclusionary zoning for urban…

A: The process of converting physical inputs into output is known as production. The four components of…

Q: At a price of $100, domestic consumers demand how many boxes of contacts?

A: The combination of price and quantity demanded indicates the quantity that consumer would demand at…

Q: Consider the two-period Neoclassical growth model seen in class. Let the utility function take the…

A: Given information Two period neoclassical growth model Utility function U(C)=log (C) Consumption…

Q: Douglas allocates his budget of $24 per week to 3 goods, cereal, books and clothing. Use the table…

A: Utility is maximised at a point where marginal utility per dollar for all the goods are equal.

Q: Which of the following would cause AD to shift inwards? Select one: a. a fall in the rate of…

A:

Q: P50,000 was deposited on a savings at a rate of 10% per annum for 3 years. What is the compound…

A: As given P = 50000 r = 10% t is time = 3years Compounded interest = P(1+rn)nt - Pwhere r is interest…

Q: In the model of horizontal product differentiation, the monopolist’s optimal number of shops is ____…

A: In a market, horizontal product differentiation refers to the situation when firms use…

Q: First cost of a passenger bus is ₽800,000. Its estimated life is 4 years with no salvage value. The…

A: Annual values is uniformly equal AW of all computed income and costs during the duration of a…

Q: The famous singer Jason Lumberpond likes to drive his solid-gold rocket car back and forth in front…

A: Firstly as per the relationship given, L&gt;E&gt;C it is clear that loss in any of install either…

Q: A manufacturer produces a certain product at a labor cost of P 315 per unit, material cost of P 100…

A: Here, given information is: Per unit labor cost: P315 Per unit material cost: P100 Per unit…

Q: Explain why using a static efficiency criterion does not provide much insight when the resource…

A: The most efficient combination of available resources at any given time is referred to as static…

Q: Consider the two-period Neoclassical growth model seen in class. Suppose that income is measured in…

A: Given information 2 period consumption model U=log(C) Income in period 1=$50000 Income in period 2 =…

Q: how is British Imperialism connected to technological and ideological changes?

A: Imperialism is a program or philosophy aimed at expanding dominion over people and other nations in…

Q: It is possible for a monopolist's to earn economic profits even in the long run due to:    a. its…

A: Monopoly is a market arrangement in which there is only one vendor of a good with complete market…

Q: Graphically illustrate the following curves with their corresponding label. a). A shift of demand…

A: [A&amp;B]

Q: The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage value.…

A: Given:   Day wise Yearly Days of operation 300 Tires   24000 Gasoline 900 270000 Oil 80…

Q: Now, suppose the research lab has the property rights to the lake, including the right to pollute…

A: Given: Economic profit from recycling: Research lab=$ 1500 per week Hiking lodge=$ 1800 per week

Q: 1. If the marginal product equals the average product of physicians, then the average product of…

A: Marginal product is the additional output produced by employing an additional unit of input.