The graph directly below depicts the production of oil from the Gulf of Mexico, with market demand, MEC, MSC, and MPC all drawn on the figure. The X axis defines barrels of oil pumped from the gulf.       What is the wedge in terms of barrels of oil? 1. 9 2. 4 3. 5 4. There is no wedge here

Q: According to the UIP condition ... Select one: a. ... any differential between the domestic interest…

A: UIP( Uncovered interest rate) Since the work of Fama, economists working in international finance…

Q: match the letter to the Description or over production Inventory and demand not in sync Alternating…

A: Endogenous growth theory is based on an assumption that the economic growth is mainly due to the…

Q: he annual maintenance cost of a machine shop is 50000. if  the cost of making a forging is 50 per…

A: The Break-even quantity is the incremental number of units that are needed by the firm to sell to…

Q: In the graph below, show, using a vertical line, an abatement level of 0.3 mg/l and highlight and…

A: Marginal abatement costs are the cost of removing each unit of pollution, marginal damages are the…

Q: $10K b 1 2 $900 $1,000 3 $800 4 $700 $600 X O X= {10,000 - 1,000(P/A, 4%, 6) +100(P/G, 4%, 6)} (F/P,…

A: In a cash flow series the arithmetic gradient rises or falls by a constant amount. The cash flow…

Q: How consumer trends and insights fuell the growth of digital marketing.

A: Consumer insight: The understanding and interpretation of customer data, behaviors, and feedback. It…

Q: If the sample mean is 10, the standard deviation is 2 and the sample 004 0.1 O 0.2 0.3

A: Given that, Sample mean = 10 Standard deviation = 2 Sample size = 100

Q: 1 23 3 4 567800 A Capital (K) 1 1 1 1 1 1 1 1 1 1 Labor (L) 1 2 3 4 5 6 7 8 Total Product (TP) 10 9…

A: Production refers to the process of transforming raw materials or inputs into final products. Inputs…

Q: Calculate the real GDP for 2011, 2012 and 2013. Also the growth rate in real GDP for 2012 and 2013.

A:

Q: Refer to the Article Summary. Implementing a negative interest rate policy, as is discussed in the…

A: When the fed wants to regulate the economic conditions or improve the economic situation of the…

Q: U.S. Census Bureau statistics show that the annual earnings for persons with a high school diploma…

A: Annual earnings for high school diploma holder person=$35220 Annual earnings for college degree…

Q: How can the US national debt be reduced

A: Fiscal policy is the term used to describe the way in which the government manages the amount of…

Q: The consumer's utility function for Consumption (C) and Leisure (L) is given as U(C,L) = √CL His…

A: Consumer utility function: U(C,L)=CL          .......(1) Hourly wage w =$10 Non-labor income (V)=…

Q: What is the capitalized cost of a machine with an initial cost of $250,000, maintenance and…

A: Capitalised cost is the present worth of the project with infinite life.  CC = A(P/A, i, n).

Q: A. A consumer's utiltiy function for goods and y is U(x, y) = x+y. She has $30 of income and the…

A: Note: “Since you have posted multiple questions with multiple sub-parts, we will provide the…

Q: Use the information for the question(s) below. The semiannual, 8-year bonds of Alto Music are…

A: Coupon payment is the product of coupon rate and face value of bond.  So,  Coupon payment = Coupon…

Q: Draw a graph that shows the typical relationship between weighted probabilities (in prospect theory)…

A: Prospects theory is one of the theory comes under behavioral economics. It aims to describe the…

Q: 2. The safety standard... a. Is determined by cost-benefit analysis. b. Encourages regulators to…

A: we have to find the safety standard.

Q: For the given cost function C(x) = 40000 + 700x + x² find: a) The cost at the production level 1700…

A: Average cost refers to cost per unit of output. It is the sum of average fixed cost and average…

Q: What are the barometers that the National Bureau of Economic Research’s Business Cycle Dating…

A: Business cycle refers to the fluctuation in the economic activities over a period of time.  The…

Q: a) Comment on the changes in the Australian dollar as the Reserve Bank of Australia (RBA) has…

A: The Reserve Bank disappointed traders who had bet on a more aggressive policy reaction to the…

Q: A company produces Web design, software, and networking services. View the company as an open…

A:

Q: How will each of the following scenarios impact the market for labour The government reduces payroll…

A: The labor market or market for labor is a place where the labor and the employer meet. The…

Q: A company makes a laser product. The product is well made, but is expensive to manufacture. As…

A: Expected payoff : If the firm gets a payoff of A with probability p1 and gets a payoff of B with…

Q: Match the letter from A to D to the (text) that apply ( ) people who are out of work for relatively…

A: When a person cannot find work at the going rate of pay, they are merely deemed to be unemployed.…

Q: B. Albert works for a construction company. He has 70 hours a week available to divide between…

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

Q: Snack food vendors and beer distributors earn some monopoly profits in their local markets but see…

A: Substitute goods are those that are used in place of another good. Accordingly, if the cost of one…

Q: Felix receives a portion of his income from his holdings of interest-bearing U.S. government bonds.…

A: A rate of interest utilized in adding compound interest to a principal sum when interest is…

Q: The Chairman of the Federal Reserve has made several announcements over the last few months related…

A: The Fed's current monetary policy objective is to lower inflation.

Q: [Select] inflation occurs when the economy experiences a period when consumers fearing higher prices…

A: Inflations Whenever the general price level rises, each unit of currency buys fewer goods and…

Q: Some MPs are more interested in education policies than in childcare programs. The MPs propose that…

A: Human capital refers to the investment in skills, education, and health care of the human being.…

Q: How is MC calculated? 300 for the first MC is incorrect.

A: Marginal cost is the cost of producing an additional unit of output.  We have the formula of MC :-…

Q: The CBO estimates that unemployment would increase by 0.3%, which is the same as saying the average…

A: Decline in unemployment rate = 0.3% Which implies ,' Working hours decline = 0.3% Original Working…

Q: We can combine the models we have seen so far to explain both real GDP and the price level in the…

A: Optimal level of employment for any input is achieved at the point where the value of marginal…

Q: Suppose you buy a house for $250,000. One year later, the market price for the house has fallen to…

A: Return on Investment: The return on investment is the benefit gained by the investor from making an…

Q: The Obama administration (as the previous Bush administration did) stated that the stimulus package…

A: Economy An economy is defined as the production, distribution, and trading of products and…

Q: The demand in market 1 is D1 = 24 - P1   The supply in market 1 is S1 = -2 + P1   The demand in…

A: Given function D1=24-P1 S1=-2+P1 D2=16-P2 S2=2+P2 Cost of transportation Pt=2

Q: 5) A monopolist faces a demand of Q = 14 - P, where P is price. The firm has chosen to produce…

A: Deadweight Loss is the loss of welfare.  Deadweight Loss arises from the inefficient production.…

Q: How will each of the following scenarios impact the market for money The central bank conducts an…

A: Money supply shows the quantity of money supplied at each interest rate in the economy.…

Q: Other indicators of the health of the labor market that economists track are: a. New…

A: The economic indicators include the statistics that help economists to determine the health of an…

Q: Calculate the approximate price relatives to two decimal places for the MTN and Vodacom stocks over…

A: Stock Po qo P1 q1 Poqo Poq1 P1q0   2008 2008 2011 2011       mtn 285 370 215 480       Vodacom…

Q: Covid-19 global economic pandemic has negatively affected economies as a whole at the global,…

A: The global economy has witnessed a meltdown since the outbreak of the Covid-19 pandemic in 2020. The…

Q: Suppose that two countries (A and B) are exactly alike in every respect except that the citizens of…

A: The Solow Growth Model, an exogenous model of economic growth, examines changes in an economy's…

Q: I have a doubt: does this decision that P < ATC only occurs in the long term? So, what the statement…

A: For shut down point, There are two terms :-  Average total cost:- It is the total cost per unit of…

Q: 4. If a bank with $500 in deposits is holding reserves of $60 when the reserve ratio is 10%, the…

A: Reserve ratio is the reciprocal value of money multiplier.

Q: Based on the table given What are the main drivers of overall income inequality? How is that answer…

A: Given information Gini coefficient measures inequality in an economy. The concentration coefficient…

Q: The demand in market 1 is D₁ = 24 - P₁ The supply in market 1 is S₁ = -2 + P₁ The demand in market 2…

A: Given function D1=24-P1 S1=-2+P1 D2=16-P2 S2=2+P2 Cost of transportation Pt=2

Q: According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.6 and…

A: According to the Keynesian cross model, the aggregate expenditure is equal to the income of a…

Q: Suppose GDP in this country is $470 million. Enter the amount for investment. National Income…

A: GDP is the value of final goods and services produced in the economy within a given period of time.

Q: Especially in light of the COVID 19 epidemic, it is important to identify the most important…

A: Introduction:   Due to school cancellations in response to the current COVID-19 outbreak, kids from…