The rate of interest charged on short-term loans made between banks in South Africa is called a) The prime rate of banks b) Repo rate c) The interbank lending rate d) Various rates deposits
Q: Explain how and why we need to extend the standard Solow model of long-run economic growth without…
A: The Solow model, otherwise called the Solow-Swan growth model, is an economic model of long-term…
Q: Interpret the figure presented below in the context of Competitive Markets and International Trade…
A: Above provided graph depicts a scenario with international trade for a country importing at a world…
Q: Determine the combination of input factors K, L that minimizes the cost of producing Q = 1000.
A: A production function is a mathematical portrayal that shows the connection among inputs and outputs…
Q: The following graph shows the (A) Keynesian, (B) monetarist, and (C) consensus hybrid AS curves, all…
A: The aggregate supply (AS) curve in economics is a curve that depicts the connection between the…
Q: In the standard human capital model, the optimal schooling level is the amount a schooling at which…
A: Expenditures on training and education can be considered as an investment in human capital such as…
Q: In the computation of South Africa's GDP, which of the following is included in the investment…
A: The investment component of the GDP includes the value of all goods and services which are produced…
Q: Without a reserve price, the expected price is $ expected price is larger the reserve price. With a…
A: A demand for something to be done or an offer to set a price for a good are both examples of…
Q: Refer to the following formula for expected payoff: Expected payoff = [Probability of rival matching…
A: When constructing an optimal strategy, a payoff formula that weights possible outcomes under various…
Q: i) Suppose that new entry decreased your demand elasticity from –2 to –3 (made demand more elastic).…
A: Demand elasticity, also known as elasticity of demand, is a measure of how demand responds to a…
Q: 127 Instructions: Enter your answers as a whole number. a. Calculate marginal cost using the formula…
A: Marginal cost is the change in the total cost due to the change in the quantity. MC = dTC /dQ here…
Q: PRICE 16 14 12 9 616 10 432 Demand 1 2 3 45 QUANTITY Supply 11 Assume that the government imposes a…
A: Consumer surplus is the area above the market price and below the demand curve. Producer surplus is…
Q: 1) https://www.nytimes.com/2023/03/01/business/india-digital-payments-upi.html 2)…
A: Cashless payment refers to the use of digital or electronic methods to complete financial…
Q: An electric switch manufacturing company is trying to decide between three different assembly…
A: Salvage value, also known as residual value or scrap value, is the estimated residual worth of an…
Q: Following the price level increase, the quantity of money demanded at the initial interest rate of…
A: Effect of Real GDP on Money demand: When in the economy, the real GDP increases that means more…
Q: a) Benefit to Cost ratio analysis b) Payback Period Analysis
A: Benefit to Cost Ration Analysis: The Benefit-to-Cost Ratio (BCR) is a financial indicator showing…
Q: 2. Individual Problems 18-2 A reserve price is a minimum price set by the auctioneer. If no bidder…
A: The reserve price means to the minimum price at which a seller is willing to sell a good or service.…
Q: Paradise Cruises has a monopoly in renting luxury yachts for sailing in the Caribbean Sea. In summer…
A: Profit maximisation occurs in a monopoly by producing the quantity of a good where marginal revenue…
Q: 3. (a) Explain what the 'Phillips Curve' (PC) is and how it arises theoretically. [Hint: You do not…
A: The PC describes the relationship between inflation and unemployment in an economy. It suggests that…
Q: If the money supply is growing at a rate of 10 percent per year, real GDP (real output) is growing…
A: Inflation refers to the continuous rise in the prices of goods and services in an economy over a…
Q: When choosing a mutual fund, one of the most important things to consider is your investment…
A: Financial and securities market form the invisible backbone of modern industrialized economy. It is…
Q: The level of voting participation increases with subsequent increases in A) age. B) income.…
A: Voting participation rate indicates voters turnout for an election. It is the percentage of eligible…
Q: The market equilibrium quantity is tons of paper, but the socially optimal quantity of paper…
A: Externalities refer to the costs or benefits of an economic transaction incurred on a third party…
Q: An industrial plant bought a generator set for P 90,000. Other expenses including installation…
A: Book value in economics refers to the net worth of a company or asset as stated on its balance…
Q: Find the marginal revenue for the firms that face the following demand curves: a. Q=1,000-5P…
A: Marginal revenue will be computed as a change in its total revenue divided with the change of its…
Q: Assume that a Swiss drug company holds the patent on a malaria medicine that has no close…
A: In the global pharmaceutical industry, the pricing of life-saving drugs can be a complex and…
Q: Pertinent information for two alternatives A and B is shown below. If i=10% / year and the effective…
A: Taxable income is the income which is liable for paying the tax as per given rate after deducting…
Q: The proposed projects have the potential uniform annual benefits and associated probability at…
A: Given data
Q: Consider a two-period endowment economy with a single representative agent. That agent's utility…
A: The interest rate at which the supply and demand for money are equal is known as the equilibrium…
Q: Which one of the following helps to explain the observed relationship betw and mobility? O older…
A: It refers to the store of knowledge, skills, abilities, by individuals that contribute to their…
Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…
A: A closed economy is an economic system that operates independently of other economies and does not…
Q: Question 13, Additional Problem 3 The table shows the demand schedule for personal trainer services…
A: Consumer surplus is a measure of the welfare or benefit that consumers receive from consuming a good…
Q: A case study in this chapter discusses the federal minimum-wage law. Suppose the minimum wage is $6…
A: Market equilibrium implies a condition in which the quantity demanded by consumers in a market is…
Q: The value for the slope parameter is
A: In the linear regression equation of two variables X and Y the slope coefficient or parameter β2 is…
Q: Question 1 Consider the charts below. Discuss them carefully and explain how the empirical…
A: As per the theory the growth of money supply and inflation moves in the same direction. Which means…
Q: Use the money market and foreign exchange (FX) diagrams to answer the following questions. This…
A: The foreign exchange (FX) market is a decentralized market where currencies are bought and sold.The…
Q: Question Three a. Explain the role that the Balance of Payment plays to a country such as Zambia…
A: The Balance of Payments (BOP) is a record of all economic transactions that occur between a country…
Q: Consider our discussion on technological change. Assume for the moment that 3D printers become as…
A: The minimum efficient scale (MES) is considered to be as a point where the per unit cost is at its…
Q: Q1: Solve for the value of {R} below so the left-hand cash flow diagram is equivalent to the one on…
A: If the two cash flows are equivalent then their net present value must be equal. To calculate the…
Q: The following table shows supply and demand schedules for the British pound. Assume that exchange…
A: An individual’s willingness to pay for each unit of the quantity he or she wishes to consume is…
Q: • The demand for a good is QD = 160-2P with P being the price and QD denoting the quantity demanded.…
A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…
Q: Russia is a major exporter of oil, wheat, and palladium. The war in Ukraine lead to a negative…
A: Aggregate demand refers to the total demand for commodities and services made by all the economic…
Q: Consider a scenario of a closed economy in the short run where price level is fixed. Assume that…
A: There's no trade or participation with other nations in a closed economy. All economic activity,…
Q: apples) will fall rise be unaffected impossible to tell
A: Since you have posted multiple independent McQs in one question, according to our guidelines, only…
Q: 4. Explain how real GDP is used to measure economic growth and describe the limitations of this…
A: Real GDP is used to measure economic growth by tracking the changes in the value of goods and…
Q: A low cost non contact tempereture measuring tool may be able to identify railroad car wheels that…
A: It is given that the tool used to measure the temperature helps the railroad firm to identify the…
Q: d. А A 0,4 A = 0,2 0,2 B 0,5 0,1 0,2 C 0,3 0,1 0,1, 36 D = | 156 240/
A: Input-output matrices are a powerful tool in economics for modeling the relationships between…
Q: Suppose that BMW can produce any quantity of cars at a constant marginal cost equal to $20,000 and a…
A: Given The marginal cost of production BMW car =$20,000 Fixed cost =$10 billion or 10000 million The…
Q: Is it fair to deem some activities virtuous and others not in an imperfect market?
A: In an imperfect market, it is reasonable to evaluate activities based on their ethical implications.…
Q: At the end of the year 2022, Statistics South Africa estimated the total amount spent on…
A: Gross Domestic Product or GDP, is a widely used economic indicator that measures the total value of…
Q: Draw the following four graphs with an economy experiencing an inflationary gap: money market,…
A: An inflationary output gap is a situation in which the actual output of an economy is greater than…
The rate of interest charged on short-term loans made between banks in South Africa is called
a) The prime rate of banks
b) Repo rate
c) The interbank lending rate
d) Various rates deposits
Step by step
Solved in 3 steps
- Many people hire a local. The rent must be paid in advance on the last of each month. Due to liquidity problems, he will not pay the rent due on the last day of March until 10 May. The landlord, who previously wanted to get rid of him as a tenant, dismisses him as a tenant on 14 May, referring to the fact that the tenancy has been forfeited due to Mange's delay in rent. Mange gets desperate and refers to the fact that he actually paid the rent, albeit a little late. What appliesWells Fargo was the darling of the US banking industry, with some of the highest returns on shareholders’ equity and increasing stock prices. Top management applauded the company’s lead in “cross-selling”, or the sale of additional products to existing customers. “Eight is great”, which means eight Wells Fargo products for every customer, was the CEO John Stumpf’s favorite saying. In September 2016, Wells Fargo announced that it was paying $185 million in fines for the creation of over 2 million unauthorized customer accounts. It soon came to light that the pressure on employees to hit sales targets was too intense with hourly tracking, pressure from supervisors to engage in unethical behavior and a compensation system based heavily on bonuses. Wells Fargo also confirmed that it had fired over 5,300 employees over the past few years related to unethical sales practices. CEO John Stumpf claimed that the scandal was the result of a few bad employees who did not honor the company’s values…Gerstner added $20 billion in annual revenue to IBM. Which one of the following formulas would calculate the profit IBM earned? Select one: a. Profit = cost – income b. Profit = price x cost c. Profit = income – cost d. Profit = price x units sold
- Video streaming service Netflix is expanding rapidly around the globe. It is currently available in 50 countries with the goal of expanding to 200 countries by the end of 2016. Netflix’s international slogan is “Have content, will travel.” There are challenges to international expansion for this type of service, such as inadequate disposable household income and a low percentage of households with high-speed Internet needed to stream videos. And even though almost half of France’s TV-owning households have Internet-connected TVs, cultural restrictions limit English-language program content, requiring Netflix to invest in local content for French customers. The next countries to get Netflix are Italy, Spain, and Portugal. Similar to Netflix’s other European offerings, service will be offered at a price of €7.99 per month, which converts to U.S. $8.97 during the time of expansion. Calculate the market sales potential using the current exchange rate between euros and U.S. dollars (see…Video streaming service Netflix is expanding rapidly around the globe. It is currently available in 50 countries with the goal of expanding to 200 countries by the end of 2016. Netflix’s international slogan is “Have content, will travel.” There are challenges to international expansion for this type of service, such as inadequate disposable household income and a low percentage of households with high-speed internet needed to stream videos. And even though almost half of France’s TV-owning households have internet-connected TVs, cultural restrictions limit Englishlanguage program content, requiring Netflix to invest in local content for French customers. The next countries to get Netflix are Italy, Spain, and Portugal. Similar to Netflix’s other European offerings, service will be offered at a price of €7.99 per month, which converts to U.S. $8.97 during the time of expansion. Refer to Appendix 2, Marketing by the Numbers, to calculate the annual market sales potential for Spain…Most societies are driven to make a profit. What is profit? Profit is the amount of money allotted for an item. Profit is someone that spends money on goods and services. Profit is revenue minus loss. Profit is the total amount without any deductions.
- In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country. With unemployment rates topping 15%, the city was faced with many challenges financially, economically, and socially. In addition to the financial challenges, the city was also experiencing political instability and corruption. Various major city officials were being investigated for fraud, bribery, and other criminal charges. Spirit Electric, operating as a natural monopoly, was the only company in the area providing electric services to Detroit households. Like many other companies, it was experiencing financial difficulties and could no longer continue without some intervention. This was mainly due to high operating costs, foreclosures in the area, and the fact that many households were not paying their bills. As a result, Spirit Electric came to a standstill in the latter part of 2009. Matt Green, Spirit Electric CEO, gathered the Board of Directors and determined that the company…In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country. With unemployment rates topping 15%, the city was faced with many challenges financially, economically, and socially. In addition to the financial challenges, the city was also experiencing political instability and corruption. Various major city officials were being investigated for fraud, bribery, and other criminal charges. Spirit Electric, operating as a natural monopoly, was the only company in the area providing electric services to Detroit households. Like many other companies, it was experiencing financial difficulties and could no longer continue without some intervention. This was mainly due to high operating costs, foreclosures in the area, and the fact that many households were not paying their bills. As a result, Spirit Electric came to a standstill in the latter part of 2009. Matt Green, Spirit Electric CEO, gathered the Board of Directors and determined that the company…In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country. With unemployment rates topping 15%, the city was faced with many challenges financially, economically, and socially. In addition to the financial challenges, the city was also experiencing political instability and corruption. Various major city officials were being investigated for fraud, bribery, and other criminal charges. Spirit Electric, operating as a natural monopoly, was the only company in the area providing electric services to Detroit households. Like many other companies, it was experiencing financial difficulties and could no longer continue without some intervention. This was mainly due to high operating costs, foreclosures in the area, and the fact that many households were not paying their bills. As a result, Spirit Electric came to a standstill in the latter part of 2009. Matt Green, Spirit Electric CEO, gathered the Board of Directors and determined that the company…
- In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country. With unemployment rates topping 15%, the city was faced with many challenges financially, economically, and socially. In addition to the financial challenges, the city was also experiencing political instability and corruption. Various major city officials were being investigated for fraud, bribery, and other criminal charges. Spirit Electric, operating as a natural monopoly, was the only company in the area providing electric services to Detroit households. Like many other companies, it was experiencing financial difficulties and could no longer continue without some intervention. This was mainly due to high operating costs, foreclosures in the area, and the fact that many households were not paying their bills. As a result, Spirit Electric came to a standstill in the latter part of 2009. Matt Green, Spirit Electric CEO, gathered the Board of Directors and determined that the company…In 2009, Detroit, Michigan experienced an aggressive recession as compared to the rest of country. With unemployment rates topping 15%, the city was faced with many challenges financially, economically, and socially. In addition to the financial challenges, the city was also experiencing political instability and corruption. Various major city officials were being investigated for fraud, bribery, and other criminal charges. Spirit Electric, operating as a natural monopoly, was the only company in the area providing electric services to Detroit households. Like many other companies, it was experiencing financial difficulties and could no longer continue without some intervention. This was mainly due to high operating costs, foreclosures in the area, and the fact that many households were not paying their bills. As a result, Spirit Electric came to a standstill in the latter part of 2009. Matt Green, Spirit Electric CEO, gathered the Board of Directors and determined that the company…FCI owns 10 apartment buildings in a college town, which it rents exclusively to students. Each apartment building contains 100 rental units, but the owner is having cash flow problems due to an average vacancy rate of nearly 50 percent. The apartments in each building have comparable floor plans, but some buildings are closer to campus than others. The owner of FCI has data from last year on the number of apartments rented, the rental price (in dollars), and the amount spent on advertising (in hundreds of dollars) at each of the 10 apartments. These data, along with the distance (in miles) from each apartment building to campus, are presented in rows 1 through 11 of Table. The owner regressed the quantity demanded of apartments on price, advertising, and distance. The results of the regression are reported in rows 16 through 35 of Table. What is the estimated demand function for FCI’s rental units? If FCI raised rents at one complex by $100, what would you expect to happen to the…