The minimum efficient scale of a firm Multiple Choice is realized somewhere in the range of diseconomies of scale.

Q: A corporate bond returns 12 percent of its cost (in present value terms) in the first year, 11…

A: Given that,  A corporate bond return in first year = 12% or 0.12  A corporate bond return in second…

Q: Compensation for a rise in price Charlie's utility over X and Y is given by U(X,Y)=XY, Px-Py-1 and…

A: Here we are given the well behaved utility function of the consumer and also the budget of the…

Q: When a good has an income elasticity of demand coefficient of 4.54 the _____. A. good is a normal…

A: Ans.   Income elasticity of demand shows the responsiveness of change in quantity demanded of a good…

Q: Which of the ff. is correct? A. Money is not important B. Money is the only factor affecting our…

A: Money is used by all the people and businesses to undertake transactions on daily basis.

Q: If the number of unemployed equals 10,000, the number of employed equals 70,000, and the number not…

A: The labor force participation rate is  measure of an economy’s active workforce.

Q: B. Suppose that the economy is characterized by the following behavioral equations: • C = 240 +0.75…

A:

Q: Classify the following as microeconomics or macroeconomics and provide a justification for your…

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

Q: In the coin game, two players begin with 13 coins.  Players take turns to remove coins.  At each…

A: 1) Given 2 Players begin with 13 coins and they are allowed to remove 1, 2 or 3 coins. 2) 9 coins…

Q: uppose that you know the following information about the economy. The rate of change of the…

A: Given Rate of change of velocity growth rate =0.5% per year Real GDP growth rate =1% per year Money…

Q: An increase in the price of good X will mostly cause what kind of change?     a shift of the demand…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: a. The demand for pizza is given by ?" = 85 − 0.4? where ?" is the quantity demanded in slices and P…

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

Q: Suppose the Italian government imposes a tariff on imported lumber products. The effect this tariff…

A: Import: An import is a nation that receives an export from the nation that sends it. The most…

Q: 2. Accounting for trade in goods and ser Suppose the following transactions occur during the current…

A: According to the expenditure approach, GDP will be calculated as the sum of the investment,…

Q: The MRS (marginal rate of substitution) is the slope of indifference curve; C: consumption curve).…

A: Slope of MRS.

Q: Consider the following OLS regression results, In(inc)=1.970+.083educ, R2=.186, where inc represents…

A: Given  Estimated regression equation: ln(inc)=1.970+0.083 educ R2=0.186 Here inc represents the…

Q: Give four (4) economic activities that generate both positive and negative externalities?

A: We know that An externality is a positive or negative side effect of production or consumption in…

Q: Draw a circular flow of diagram and identify the parts of the model that corresponds to the flow of…

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

Q: A fully anticipated increase in the inflation rate can lead to Group of answer choices higher market…

A: A situation of an increase in the prices of different goods and services in a particular region is…

Q: B. Suppose that the economy is characterized by the following behavioral equations: • C=240 +0.75 Yd…

A: Here we are given various components of goods market: consumption , investment and government…

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A: When all resources are effectively utilized, an economy produces at its natural level. It is…

Q: The Coase Theorem: Select one: a. states that in some circumstances majority voting can yield…

A: ANSWER:  Option (e) is correct answer e. suggests that in some circumstances government intervention…

Q: Using supply and demand analysis, show the effects a binding minimum wage in a labour market can…

A: A labor market is a meeting location for employees and employers. Employers compete for the best…

Q: Ricardo's theory of trade is based on_ ratio). (A: productivity of labor; B: opportunity cost; C:…

A: David Ricardo theory of international trade is landmark and it has refined the theory of Adam Smith.…

Q: A U.S. Congressperson wants to reduce the U.S. trade deficit by imposing tariffs on imports. Use a…

A: The IS-LM model is the Keynesian macroeconomic model which states the relationship between market…

Q: Which of the ff. statements is true with regards to the supply of palay? A. Advancement in rice…

A: When talking about supply of a good, it can be said that there are numerous factors that influence…

Q: The demand for a good is given by QD = 800 – 0.5P. What is consumer surplus at P = $400? Group of…

A: Consumer surplus is the economic measure of a customer's excess benefit. It is determined by…

Q: The economic interdependence among nations has_ increased; D: hurt the world) in the recent past. A:…

A: Economic interdependence among nations refers to the relationship between countries where each…

Q: Find the equilibrium level of national income in the basic Keynesian macroeconomic model. C = 40 +…

A: Introduction: National Income: The national income refers to the whole earnings of a country that it…

Q: = 8. Jane lives in a dormitory that offers soft drinks and chips for sale in vending machines. Her…

A: Marginal rate of substitution is the rate at which one good can be substituted for other, keeping…

Q: A. Suppose that the economy is characterized by the following behavioral equations: • C = 160+ 0.6…

A: Given  Consumption function C=160+0.6Yd             ......(1) I=150 G=150 T=100 We know that Yd =Y-T…

Q: 13. Fusion in assets -cartel -merger -collusion -acquisition 14. Fusion of stocks -acquisition…

A: A stock sale is the purchase of the owner's shares in a corporation, whereas an asset sale is the…

Q: Suppose that the economy is characterized by the following behavioural equations: • C = 300+ 0.3 Yd…

A:

Q: Given that If Alfonso's marginal cost is $6, their best-response function is, Pa=(Pb+30)/2 and If…

A: Given, Best Response Function for Alfonso: PA=PB2+15 Best Response Function for Bernice: PB=PA2+18…

Q: News headline: “South Korea’s Nominal GDP Grows by 6%” Describe the two other pieces of information…

A: GDP refers to the rise in the production of goods and services during an accounting. A rise in the…

Q: financed, and it faces a 40% tax rate. Assume that the firm has no amortization expense. The…

A: earnings before interest and taxes is a measure of a firm's profit that includes all incomes and…

Q: If the number of people classified as unemployed is 5,000 and the number of people classified as…

A: When someone actively seeks employment but is unsuccessful, they are said to be unemployed. The…

Q: TRUE OR FALSE. The own price elasticity of demand is unit free but the income elasticity of demand…

A: Elasticity is the relative concept.  Price elasticity of demand is measured as the ratio of the…

Q: 2. Now assume that CC Inc. is hiring Marie as a consultant to computerize its office operations.…

A: Utility is a gauge of how contented a person feels after consuming certain goods. To put it another…

Q: Explain how either economic profit or loss minimization could be representative of the short-run…

A: Monopolistically competitive market refers to the market where many sellers and buyers exist in the…

Q: Is this a positive economic statement: The 2022 FIFA World Cup is scheduled to be the 22nd running…

A: Positive economic statements are those that can be verified, measured, subjective, and based on the…

Q: Economic cost can best be defined as

A: The economic cost is the mix of misfortunes of any merchandise that has a worth joined to them by…

Q: In Italy, firms pay tax on reported profits at a constant proportionate rate t € (0,1). If the…

A: Probability of audit = p  Probability of no audit = (1- p) Tax without audit  Reported = tr  Tax…

Q: What is the value of an investment after 8 years that earns interest rate 5% annually. Its original…

A: Introduction: It is given in the question that the original investment value is P120,000 and we have…

Q: Sam invested $100 for a 1-year period. The inflation rate is 10%, and the nominal interest rate is…

A: Introduction: The term inflation refers to the overall rise in the prices of commodities. Moreover,…

Q: Suppose you borrowed $10, 000 at an interest rate of 12% compounded monthly over 48 months. At the…

A: Loan amount (P)=$10,000 Rate of interest =12% compounded monthly  This loan is a fixed payment loan…

Q: The gains from specialization and trade are based on absolute advantage.   Question 4 options:   a)…

A: Absolute advantage is the ability of the country to produce more of the good than the other country.

Q: Select between the two options using the corporate MARR of 15% per year and a future worth analysis…

A: To compare future worth and select the best investment choice, we translate all cash flows into the…

Q: 8. Producers tend to ignore cost that they can avoid -inefficient allocation of resources -no…

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

Q: ABC Company has decided that Tom Terrific is not going to pay them.  Tom owes ABC $500.  ABC will:…

A: In a market, when a firm enters into a contract, it provides goods and services in return for money.…

Q: In the short-run, if the marginal cost of a firm in a competitive industry is increasing while its…

A: Introduction In the case of a competitive firm, the average total cost will be downward sloping as…