The induced innovation hypothesis suggests all of the following except

Q: u(x,y) = x + y Px=9 Py=3 U=120 Solve for hicksian demand for good x and y

A: Given  Utility function: ux,y=x+y            ... (1) Price of good x Px =9 and price of good Y is PY...

Q: graph shows the short run cot curve of a firm in a purely competitive market. Which of the following...

A: The profit maximizing output for the firm occurs where the (the upward sloping part of the) marginal...

Q: A. The price of gasoline increases from 16 per barrel to 30 per barrel and as a result, the demand p...

A: NOTE: We’ll answer the first question since we only answer up to 3 sub-parts, we’ll answer the first...

Q: 2. Two firms competing on output choice in an oligopolistic market face the following inverse market...

A: An oligopoly is a form of market that consists of a few firms and a large number of buyers. The prod...

Q: Which of the following hypotheses argues that a third variable, "patient", determines both health an...

A: To find : Which hypothesis determines both health and wealth. 

Q: In your view, what does the rise of synthetic CDOS tell us about contemporary capitalism?

A: A synthetic collateralized debt obligation is a type of CDO that achieves its investment objectives ...

Q: In the demand curve, there is a mid-point. Determine the value of: i. Elasticity of demand in the m...

A: Elasticity at mid point = 1 Elasticity of demand above the mid point is greater than 1

Q: Using the graph of a production possibilities frontier (PPF) below, please answer the questions that...

A: The production possibility frontier (PPF) is a business analysis curve that represents the conceivab...

Q: 3. Jane is currently consuming 4 glasses of milk and 10 cookies, while Betty is consuming 9 glasses ...

A: The economic condition known as Pareto efficiency, or Pareto optimality, is one in which resources c...

Q: Case Study: Refrigerator Shells Questions: 1. Use the first four steps of the decision-making proce...

A: Engineering economics analysis is used for for the analysis of monetary gain and losses by doing an ...

Q: In this market, the equilibrium hourly wage is $ and the equilibrium quantity of labor is thousand w...

A: Equilibrium wage and quantity is found where the demand and supply curves intersect. In the diagram,...

Q: Discuss the following statements : explain whether the statement is TRUE or FALSE, and provide justi...

A: Two utility functions that provide the same rank ordering of consumption bundles are positive monoto...

Q: Suppose the equilibrium price for good quality used cars is $20,000. And the equilibrium price for p...

A: The equilibrium price of good quality car PGood =$20,000 The equilibrium price of poor quality car P...

Q: Mention and explain what each of the types of supply , for the analysis of the supply.

A: Supply Supply refers to a producer's willingness and capacity to generate goods and services and the...

Q: The market for tomatoes is in equilibrium. This week scientists developed a new type of technology t...

A: The markets are the place where the buyers of the goods, and services interact with the suppliers of...

Q: LOOK at the figure Producer Surplus. When the price falis from $45 to $35, producer surplus för a to...

A: A producer will sell their product when the market price is greater than or equal to the minimum acc...

Q: The multiplier for the economy in the above diagram: a. is 3 b. is 4.8 C. is 4 d is 5.2

A: The measure that depicts the final value of goods and services being produced in a year during an ec...

Q: In the market for lattes, researchers have estimated the following demand and supply curves, Demand:...

A:

Q: . Use the market demand on #3 and identify the range of price that will give a/an A. elastic demand ...

A: Individual demand curve equation  Qxd=65,000-11.25Px+15Py-3.75I+7.5A    ... (1)  

Q: d. If the firm closes down and produces no output, what will be its total cost? e. If the firm decid...

A: Total Cost is the sum total of Total Variable Cost and Total Fixed Cost. It denotes the total cost i...

Q: 2. Consider the following normal-form representation of a simultaneous game. Player 2 R Player 1 T 3...

A: Players => Player 1 & 2  Strategy Set of player 1 = { T , M } Strategy Set of player 2 = { L ...

Q: A company has the option of building a warehouse now or building in three years from now. The cost n...

A: Given: The cost of the building now is = $400,000 The cost 3 years from now will be = $500,000 The r...

Q: Which of the following options is not a means of retaining employees? Select the single best answer:...

A: As the economy recovers, a skilled labour shortage looms, and there is a demonstrated link between l...

Q: Population: Adult Number of Number of Number of populationadults (number employed: unemployed:in the...

A: The labor force participation rate is an estimate of an economy's active workforce. The formula is t...

Q: Do you think a free market or a command economy is more likely to encourage productive and entrepren...

A: Command economy and free market are two opposite firms of an economy because command economy is the ...

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. I...

A: Given,  With existing technology MAC = 12 - E. With new technology MAC = 6 - 0.5E.

Q: Suppose the price of good A increases by 50%, causing quantity demanded for good B to increase by an...

A: In this question we have to find out the cross elasticity of demand with the help of the above infor...

Q: In the market for a normal good, an increase in income will cause an increase in _____, an increase ...

A: Normal goods are a type of good that the demand and income are positively related. So it has a posit...

Q: Money spent on the research and development (R&D) of new products represent spending. deficit govern...

A: Research is defined as "creative and systematic work undertaken to increase the reservoir of knowled...

Q: Please give the stages of public policies

A: Following are the stages of public policies:

Q: Chemco Enterprises is the manufacturer of Ultra-Dry, a hydrophobic coating that will waterproof anyt...

A: Given: First Cost=$43000 Annual costs=$18000 Annual Revenue=$27000 Salvage value=$4000 Number of yea...

Q: A) the government bears most of the incidence of a tax on gasoline. O B) sellers bear most of the in...

A: The industry is an important economic part that gives a closely related set of natural resources, go...

Q: Consider a project which involves the investment of P100,000 now and P100,000 at the end of one year...

A: Gh

Q: The Market for Good X is perfectly competitive, with market supply and own-price demand curves given...

A: Market Demand : qd=135000-5000p Market Supply : qs=-25000+3000p For equilibrium price and quantity i...

Q: Suppose two firms compete as Cournot Oligopolists. The profit functions of these two firms are    π_...

A: Game Theory refers to the study of decision making which uses various mathematical models along with...

Q: Why should decision makers set MB equal to MC?

A: The marginal benefit of an action is that the extra benefit associated with a 1 unit increase within...

Q: 2. Sadiq thinks he can sell Rs.4,200,000 worth of hardware in a year. What would his accountant cons...

A: the opportunity cost of a particular activity option is the loss of value or benefit that would be i...

Q: Interior solution is a necessary condition for maximizing a consumer's utility. If you believe the...

A: No, it is not a necessary condition. For example consider two goods are perfect substitutes and thei...

Q: An inverted yield curve predicts that short-term interest rates

A: If the yield curve is downward sloping then it will be known as an inverted yield curve. 

Q: a) Which area represents consumer surplus under perfect competition?       (b) Which area represen...

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...

Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...

A: A cost is the amount of money spent to produce something or deliver a service that is no longer avai...

Q: Mario consumes two goods: cars and motorbikes. An increase in the price of cars while holding income...

A: (A) increase the marginal utility provided by cars. Option "A" is correct. Marginal utility refers ...

Q: In the 1920s, employers embraced the American Plan because A) it promoted the creation of a workplac...

A: To govern the workplace, enhance production, and avoid unionisation, the American Plan integrated te...

Q: 1. The Abner Corporation, a retail seller of television sets, wants to determine how many television...

A: In Economics, the average variable cost is the variable cost per unit. Average variable cost is dete...

Q: Archer Daniels Midland (ADM) and Cargill are the biggest makers of high-fructose corn syrup (HFCS), ...

A:

Q: S. D. D.

A: Due to soaring pandemic demand, there is a sudden increase in demand at the current price level. As ...

Q: If 1 million people are unemployed and 9 million people are employed how large is the labor force? 1...

A: People who are willing to do work but cannot find job are considered as unemployed. People who are w...

Q: The graph below shows the trend of the terms of trade for the U.S. and China. Which would be inferre...

A: Terms of Trade = (Price of Exports)/(Price of Imports)*100 We can clearly see from the graph that Ch...

Q: Suppose the following information on Nominal GDP and Average Prices. Use 2011 as your base year. Com...

A:   Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation u...

Q: definitely result in a higher equilibrium quantity in the market? A. demand increases and supply dec...

A: Option E  Option B and D would lead to a higher equilibrium quantity.  Rest will either decrease or ...

Financial Statements

Financial statements (or financial reports) are the formal records of the financial activities that are undertaken by a firm. They are convenient instruments used for analyzing a company’s financial position and performance. Financial ratios are created with the help of the numerical values that are derived from the financial statements. They give meaningful information about the financial performance of the company.