To produce more output in the short run, a firm must employ more of O A) its fixed resources. B) all its resources. C) its variable resources. D) the least costly resources regardless of whether they are fixed or variable.

Q: 6. Countries have different regulations on what may or may not be imported and which tariff applies ...

A: 6. Countries have different regulations on what may or may not be imported and which tariff applies ...

Q: Please explain or derive mathematically the condition for consumer equilibrium.

A: The consumer's equilibrium refers to a condition in which the consumer has gotten the most potential...

Q: In sample 400 parts manufactured by a factory, the number of defective parts was found to be 30. The...

A: Introduction Total manufactured part = 400 Total defective part  = 30 Now company claim that there a...

Q: 8. In many developing nations, young women have historically had lower school enrollment rates than ...

A: Below are the points to be considered: *Growth of GDP depends on the resources of a country. *More e...

Q: Utility Function MU, MU, MRSxy 2x0.2y0.8 /25xy

A: Marginal utility of good X is calculated by differentiating the utility function with respect to X. ...

Q: Why is it said that they are "price takers" and unable to influence the market price? If firms in co...

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the firs...

Q: Suppose in a perfectly competitive market with demand and supply as follows: 100 D(q) = %3D S(q) = J...

A:

Q: What are the two assumptions used to calculate the money multiplier?

A:

Q: Who owns property in a socialist system?

A: .Socialism is a social and economic theory that advocates public ownership and control of property a...

Q: Use the cost table below to find the following marginal costs.   Output quantity Total variable cost...

A: Marginal cost is the additional cost incurred from producing an additional unit of output.

Q: For demand function Q = a- bP and supply function Q, = dP-c , using Cramer's rule determine equilibr...

A: Equilibrium price refers to the price that prevails when the quantity supplied equals the quantity d...

Q: In the national-income model Y = C+I+ Go C = a + B(1- t) Y I = I, + 8Y assume that a > 0 and B, 6, t...

A:

Q: An item is purchased for P100,000. Annual cost are P18,000. Using 8%, what is the capitalized cost o...

A: given purchase price = 100000 P annual cost = 18000 P interest rate = 8 %    

Q: If we want to enhance our measure of national economic well being beyond what GDP figures tell us, w...

A: Gross domestic report (GDP) refers to all the final value of goods and services produce in a nation ...

Q: 1. Suppose that the economy can be described by a closed-economy IS-LM framework and that is in a re...

A: PLEASE FIND THE ANSWER BELOW.

Q: of workers to two decimal places e.g. 1.00 million and percentages to one decimal place e.g. 1.0%. 2...

A: All A,B & C answers given below, 

Q: tion 25 Regarding the economic growth facts studied in class, the level of real GDP per person diffe...

A: PLEASE FIND THE ANSWER BELOW.

Q: Are Deposit Insurance Institutions necessary in countries with no history of bank failures?

A: Deposit insurance is a measure carried out in numerous nations to safeguard bank investors, in full ...

Q: A firm may pay efficiency wages in an attempt to O all of the options are correct. O attract a well-...

A: Efficiency wages are the wages that are set above the equilibrium level. It increases productivity a...

Q: . (20 points) A firm has a cost function c = 0.5g³ – q² + q. (a) What is its fixed cost? (b) At what...

A: Total cost consists of fixed cost and variable cost. Fixed cost is constant and does not depend on q...

Q: DARPA is planning to purchase a new machine.The initial investment required for this is $60000.The m...

A: Given Investment on machine = 60000 $ annual revenue = 1500 $ Annual expense = 500 $ Time  = 6 years...

Q: Do you believe that international economic sanctions are effective? Why?

A: The economic sanctions are followed to change the political and military behaviors of countries. The...

Q: e. Find the number of candies that will produce maximum or minimum profit f. Will the number of cand...

A: We have given  Price of saltwater taffy =$45 Cost function: C(x)=0.001x3+0.045x2-175x           .......

Q: Initially there were 9 workers, all being paid a uniform wage. Later a 10th worker is added whose ra...

A:

Q: The problem of adverse selection in insurance markets means that it is generally a bad deal for comp...

A: Adverse selection refers to any circumstance in which one party to a contract or negotiation, such a...

Q: The table gives some data that describes the economy of Antarctica in 2050. (blions of Antarctica de...

A: Current Account Balance is calculated as the sum of net exports, net interest and net transfers. 

Q: Which of the following arguments is truth? a. Ali is a banker. All bankers are rich. Therefore, Ali ...

A: a. Ali is a banker. All bankers are rich. Therefore, Ali is rich. b. All dogs are mortal. Lucy is m...

Q: Star Inc. is a firm selling its product in a perfectly competitive market. The market price is $10. ...

A:   a. Quantity Price TR TC MR MC Profit(TR-TC) 0 10 0 5 - - -5 1 10 10 7 10 2 3 2 10 20 10...

Q: If depreciation rate = .1*(capacity utilization rate)^2 and R/P = .05 What is the equation for the ...

A: The real rate of return on capital is calculated on the basis of the capacity utilization rate. It m...

Q: 1. Consider the production functions for good X and good Y: X = K? +L ; Y = 20/KL A. Show and discus...

A:

Q: Your family business produces a secret recipe salsa and distributes it through both smaller specialt...

A: PLEASE FIND THE ANSWER BELOW.

Q: Using the savings and investment model, predict what will happen to savings, investment and interest...

A: Answer: Impact on the demand for loanable funds (investment): The government generally spends by bor...

Q: reference to countries where there have been very little, or no history of bank failures are deposit...

A: A bank failure occurs when a federal or state regulator closes an insolvent bank. National banks are...

Q: Keynes viewed consumption as an activity based on psychology. Discuss how the work of David Laibson ...

A: Psychology-Law of Keynes: According to his view when income increases then the consumption level wil...

Q: Discuss the socially optimal quantity of a public good? Explain using a diagram.

A: PLEASE FIND THE ANSWER BELOW.

Q: Question 2 If the consumer price index was 88 in 2020, 95 in 2021, and 100 in 2022, then the base ye...

A: PLEASE FIND THE ANSWER BELOW.

Q: A firm's cost function @Is maximized when solving for the optimal level of output y for the firm. b....

A: In order to get maximum revenue, there is a need to reduce the cost that is there is a need for redu...

Q: There are 5 categories that Johnston and Mellor identified in 1961 as contributions of Agriculture i...

A: 1. Farm product for domestic consumption is corn. 

Q: Table 1. The table below applies to an economy with only two goods -hamburgers and hot dogs. The fix...

A: Year   Quantity of hamburgers Price of hamburgers Quantity of hotdogs Price of hotdogs Cost of bas...

Q: In 1986, the U.S. Congress enacted a regulation (PL99-509) requiring railroads to disclose contractu...

A: In economics, competition refers to a situation in which different economic firms compete for goods ...

Q: Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses 5 units of capital and employs la...

A: K L Q MPL VMPL 5 0 0 --- --- 5 1 50 50 100 5 2 125 75 150 5 3 225 100 200           VMPL...

Q: How did the globalization change the Asian region?

A: As seen by the tremendous economic expansion of a number of significant Asian countries during the l...

Q: Consider an economy described by the following: C = $3 trillion 1 = $1.3 trillion G = $3.5 trillion ...

A: The correct answer is given in the second step.

Q: (3) A firms production function is Q(L)=15L² - 0.1LĽ , where output (Q) is a function of a single in...

A: Total output is maximized when change in production with change in number of workers employed is zer...

Q: Explain the variable costs in the cost function.    2. Discuss how firms choose how much output to ...

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...

Q: 1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Fi...

A: Note:- Since we can only answer up to three subpart, we'll answer first three. Please repost the que...

Q: table bélow describes the cost functions for a food manufacturer. Fixed Variable Total Cost Avg. Tot...

A: Cost Formulas: 1. Total Cost = Fixed Cost + Variable Cost 2. Average Total Cost = Total Cost / Outpu...

Q: Question 3 Briefly explain why economists prefer to levy taxes on goods that generate negative exter...

A: Concept: A negative externality refers to when the production has an adverse effect on society. This...

Q: 4. Assume that money velocity is constant. a. Suppose the money supply increases by 12%. What do you...

A: Money velocity:- V*M = P*Q V = velocity of transactions M = Money supply P = price level Q = index v...

Q: The annual amount of a series of payments to be made at the end of the next twelve years is P500. Wh...

A: The present worth of an investment is the sum of money that is invested for achieving a certain amou...

Short-Run Costs and Long-Run Costs

Cost of short-run and the long-run is an economic term that describes the cost involved in the production of goods in a firm in the short as well as long period.