Q: A. Consider that you're the manager of a competitive firm, KKL INC. with the following short run cos...
A:
Q: 3. Compute the percentage increase in prices from 2004 to 2005. a. 0 percent b. 13 percent c. 16 per...
A: Base year= 2003
Q: 1.1 Economics concerns itself with: 1. A systematic understanding of patterns of production, consump...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: Question 10: Consider the following cash flow profile and assume MARR is 12%/year. End of Year 1 2 3...
A:
Q: In the diagram below, a doubling of the price of X causes one to Y 100 20 40 45 50 100 increase the ...
A: When the price of x doubles, the budget constraint swivels around the x-axis. The Y coordinate howev...
Q: 1. Continuing to produce diesel-powered cars will mean that Toyota can produce fower hybrids than it...
A: Production possibility frontier or curve shows the two goods possible combination which can be produ...
Q: Which of the following are CORRECT statements regarding inflation and real variables? Select ONLY TH...
A: The 1st and the 2nd statement in the options given in question are correct answers.
Q: 1 The PH debt as of today amounts 12 trillions. This balloons with an interest rate of 0.16% yearly...
A: Given that; The PH debt as of today amounts 12000000000000 The Philippines is estimated to have 110 ...
Q: 1.Would you consider an interest payment on a loan to a firm an explicit or implicit cost?
A: Implicit cost: It can not de directly conveyed in monetary terms. For example, cost related to emplo...
Q: Using the data in the above table, the average fixed cost of producing 16 units is
A:
Q: 1. Calculate the value of nominal GDP for 2004. a. PHP800 b. P1,060 c. P1,200 d. P1,460
A: Nominal GDP refers to the GDP at current prices. It is defined as the market value of the various go...
Q: 10. The Solow model tends to over-predict income per person in poor countries. *
A: Introduction Solow model focus on long run growth. The main component of the model are saving and in...
Q: suppose a stock worth $50 today is equally likely to be worth $100 or $25 a year from today. What is...
A: Stock A stock that is also known as equity is a financial instrument that represents the ownership o...
Q: Will giving children/students money help improve their interest in Economics and increase their over...
A: When talking about the study of economics and finance, it can be said that a student learns a concep...
Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...
A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...
Q: 4. Зх — у %3D 2 x + 2y = 10 (4, 1) X = 2, у 4 5. Зх - 2у 3D 12 Intersection at one point only-exactl...
A: 3. When two lines coincide, there are infinite number of solutions as the lines touch at every poin...
Q: Q2) The production function of a small economy is Y=K0.3L°7. K is the amount of capital (land), L is...
A: (a) Production function Y = K0.3 L0.7 Where K is land and L is labor ---------------------------- ...
Q: Identify the returns to scale (increasing, constant, or decreasing) for the following production fun...
A:
Q: Use the 3-equation model diagrams to show how the economy can fall into a deflation trap. Explain, w...
A: Deflation is a condition where price level of economy falls. Money supply and credit availability fa...
Q: In both “Descent of Inanna” and “Winnebago Tales,” we have a hero held captive in a strange Otherwor...
A: I'll look at "the orphan kid who was abducted by the dreadful thunderbirds" and "the man who visited...
Q: a. Explain the meaning of each of these equations. b. What is the marginal propensity to consume in ...
A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...
Q: Why will firms in most markets be located at or close to the bottom of the long-run average cost cu...
A: The long-run average cost curve represents the lowest total cost to produce a given level of output ...
Q: What can socilety do about fake new?
A: To find : How society deals with fake news
Q: For each of the following examples, explain whether it is a case of external or internal economies o...
A: - External economies of scale happen when the expense per unit of result relies upon the size of the...
Q: Suppose that there are three movies each in a week. In week 1, we have Mediocre movie that generates...
A: Given information Week Movie Utility 1 Medicore 3 2 Good 5 3 ...
Q: a) Compute the nominal GDP in 2018. b) Compute the real GDP in 2018? c) Compute the nominal GDP in...
A: Given 2018 as the base year Nominal GDP = Current Year price * Current year quantity Real GDP = Pri...
Q: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to ...
A: Disposable Income is such income which remain after providing tax deduction and social security char...
Q: A Canadian manufacturer starts exporting its products to the United States of America. Which of the ...
A: Here, it is given that the Canadian manufacturer makes an export of its products to the US of Americ...
Q: Part A- You are a manager of an advertising company. The company is running short of funds, so you d...
A: The process of combining multiple material and immaterial inputs (plans, know-how) to generate a con...
Q: In Billion of AED Gross domestic product 23,560 Goods produced in foreign countries with UAE. Capita...
A: The Gross Domestic Product (GDP) can be measured in multiple approaches, like: The Product Approac...
Q: 10. Mobility of labour A. O Increases efficiency of labour B. O Spoils labour C. O Increases divisio...
A: "Correct option is D."
Q: If the competition in the market increases: A) The price setting curve shifts downward B) The wage ...
A: Introduction its answer is A) The price setting curve shift downwards Because when the competition i...
Q: 1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,5...
A: Present value is the concept that states an amount of money today is worth more than that same amoun...
Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...
A: Cost of equipment = 65000 P Salvage value = 3000 Time = 6 years
Q: You are given the following information about an economy: ...
A: Answer is given below
Q: what do you mean by CIRCULAR FLOW OF GOODS AND INCOME AMONG PRODUCERS AND HOUSEHOLDS
A: circular flow model Lets understand this concept with an example:- In this circular flow model the...
Q: Roger Marquez purchases a lot for $ 40,000 cash and plans to sell it after 5 years. If he wants an 1...
A: Basics:- Nominal Interest Rate = Real Interest Rate and Inflation Rate (1 + i ) ...
Q: If a firm is enjoying modest accounting profit but incurring significant economic losses, which of t...
A: Here, it is given that a firm is enjoying a high accounting profit, but facing an economic loss.
Q: Ms.Mitchell, the CEO of CrunchOs, noticed her famous cereal brand has a demand and supply curve of p...
A: According to the question, Ms.Mitchell, the CEO of Crunch Os, noticed her famous cereal brand has a...
Q: In this question, I ask you to consider the market for flights from Seattle to Fresno (California). ...
A: The monopolist should aim to sell the Saturday night stay flights to the leisure travelers and the n...
Q: The market for cookies is represented by the following supply and demand conditions: QD =1,000 – 200...
A: Demand : Qd=1000-200P Supply: Qs=400P-200 Equilibrium price and quantity Qd=Qs 1000-200P=400P-200 60...
Q: Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained earnings...
A: Present Worth: 4,400,000 + 2,900,0001.18+ 108,4421.111 P= 4,400,000+1352871.40261+38008.2594476P= 57...
Q: Suppose that a consumer with the utility function U X=5 and Y=10. If the prices of the two goods are...
A: U=X0.25Y0.75 Differentiate U w.r.t X to get MUx MUx = dU /dX => MUx = 0.25 (Y/X)0.75 Put X=5 and ...
Q: The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200 - 9.5p + 16.2 pp + 0.2Y, w...
A: Put p=45, Pp=31 and Q=1,275 in Q = 1,200 - 9.5p + 16.2 pp + 0.2Y to get Y: Q = 1,200 - 9.5p + 16.2 p...
Q: 1. According to the law of supply, there is a A) negative relationship between price and the quantit...
A: Note:- Since we can only answer one question at a time, we'll answer first one as the exact one is n...
Q: 5. Japan and the European Union have flexible exchange rates. Suppose Japan attracts an increased am...
A: Answer: If Japan sees increased foreign funds then the supply of loanable funds will increase in Jap...
Q: 5. According to Malthus, population increases by progression of which kind? A. O Systematic B. O Ari...
A: "Correct option is C i.e. Geometric."
Q: Banks make more money from securitising pools of mortgages rather than holding on to individual mort...
A: Banks follow the policy of securitisation to reduce the debt burden and free up capital and increase...
Q: What do you mean by Circular flow of physical goods and money income?
A: "The circular flow of physical goods and money income refers to the flow of money and goods among th...
Q: assume elsa has current income of $50000 and expects income of $60000 next period. interest rate is ...
A: Given that: Income in period 1 (m1) = 50000Income in period 2 (m2) = 60000r = 6% or 0.06 she desired...
Step by step
Solved in 2 steps
- If two painters can paint 200 square feet of wall in an hour, and three painters can paint 275 square feet, what is the marginal product of the third painter?Use the following information toanswer the questions belowComputers:Soybeans:Total revenue =Total120revenue = 120Payments to labor =60Paymentsto labor = 80Payments to capital =60Paymentsto land = 40Holding the price of computersconstant, suppose the price ofsoybeans rises 10% and that the wagerate increases 5%.a. What is the effect of these changeson the rental rate of capital?b. What is the effect of these changeson the rental rate of land?Factors of production are inputs used to consume goods and services. a. False O b. True
- Solve Input demand and input supply Item1 : Good Q , L labor ,W wage ,A level of technology Q=A0K^alpha L^beta Q=80-P A0=1 K =36 unit L =40+0.5w alpha =0.5 beta =0.5 1. From the condition and price of the labor market equilibrium quantity in item 1, assuming that the price of good Q increases by 10% of the price of P0 Show the change in the price of the labor factor. and the amount of labor factor to be traded in the labor market And along with calculating the income size of both buyers and sellers, labor factors that should be relied on 2.Summarize the theoretical principles of the properties of demand. in factors of production and the factors affecting the change in the price of production factors are obtained when the price of production changes, the quantity of capital k changes, and the level of technology. as well as the supply characteristics of the changing factorsNimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…. If Al-quds firm has $ 800 to be spent on two factors of production, the price of labour PL = $ 10 , and the price of machine Pm = $ 4. 1. Derive and draw the Iso-cost line ? 2. Derive the Iso-cost line formula ? 3. If the producer equilibrium occurs when the number of labor is 60 workers, and the output is 500 units. Calculate and draw the quantity of machines that achieves the equilibrium ?
- If Aling Washa will accommodate a few of laundry services because she does the laundry manually. Now that she needs to earn more, she needs to buy washing machine to accommodate more than usual. What will happen? a. laundry services income supply curve will shift to the right b. laundry services supply curve will shift to the right c. laundry services supply curve will shift to the left d. laundry services income supply curve will shift to the leftWhat are some of the uses to which labors tandards are put?Illustrate and examine how the individual supply of labor curve demonstrate the way an individual divides his/her time between work and leisure
- (a) Explain with the help of a graph the effect of an increase in the relative price of a labor-intensive good on input choice. (b) “Generally, an economy will tend to be relatively effective atproducing goods that are intensive in the factors with which the country is relatively wellendowed.” Explain the above statement with the help of a graph.Use your knowledge of household production theory to indicate the following: a) The expected effect of a wage increase on women’s labour supply. b) The expected effect of an increase in the wage of a women on the demand for children. c) Why the substitution effect for labour supply may be larger for women than men. d) The effect of a spouse’s disability on the other person’s labour supply, where the spouse requires home (not institutional) care. e) The effect on the same spouse’s labour supply, as in (d), if the government (or private insurance) provided financial compensation to the family.A visiting American executive finds that a foreign subsidiary inBangladesh has hired a 12-year-old girl to work on a factoryfloor, in violation of the company's prohibition on child labour.He tells the local manager to replace the child and tell her to goback to school. The local manager tells the American executivethat the child is an orphan with no other means of support, andshe will probably become a street child if she is denied work. explain Cultural Relativist based on the statement given