"Unemployment is defined as a state of wo ssness for a person who is fit and willing to ork at the current wage rate. It is a condition

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A: Profit maximization occurs at the point where the marginal revenue and marginal cost are same.

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A: The present evaluation of an asset, most commonly real estate, is known as its capitalized value.…

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A: Cartel refers to the mutual agreement of the firm of the Oliugopoly market. In which firm fixes…

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A: Oligopoly is a form of market organization in which there are few sellers of a homogenous or…

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A: An economic profit or loss is the difference between the revenue received from the sale of an output…

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A: Present worth analysis is a method which compare the cash flow of each alternatives and compare…

Q: Inflation reduces the buying power of money. True False When prices are increasing at a rate of 6…

A: Inflation refers to rising the general prices of products and services, for example, an increase in…

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A: Supply curve shows different levels of quantity supplied at different prices.

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A: The measure that depicts the current stream of income being discounted at a specified rate of return…

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A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

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A: Radio Frequency-Identification innovation (RFID): It includes a tag fastened to an item that…

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A: LRAS is long run aggregate supply which is vertical at full employment.

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A: The measure that depicts the charges that are levied by government on goods and services being the…

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A: It is given that the price of the product is $8,820.00 and the consumer purchases the commodity at…

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A: Stationarity is a process of Time series and is used in regression to analyze the stationarity of…

Q: Suppose the consumption function is given by C(Y)=60+0.8(Y-T) where Y represents output and T stands…

A: Given Information: Consumption function = C(Y)=60+0.8(Y-T) Investment ( I ) = 400  level of…

Q: Year Actual Output Yt Potential Output Yt Yt - Yt Short-run Output Y 2018 2019 2020 20 20.25 22.50…

A: Long-run equilibrium occurs when real GDP is equal to potential GDP.

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A: Rothschild-Stiglitz (RS) described the self-determination equilibrium under the suspicion of…

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A: Introduction Production possibility curve  PPC shows how any two combinations of goods and  services…

Q: 1)"Gasoline prices have increased greatly during the past year. Using economic concepts from class,…

A: Gasoline has an inelastic demand even when the price rises there is less impact on the demand for…

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A: The economic theory of supply and demand seeks to explain the link that exists between the…

Q: 17. () Suppose policymakers take actions that cause a contraction of aggregate demand. Which of the…

A: Meaning of contraction of demand: When the quantity demanded decreases due to a increase in the…

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A: The objective of the financial system is to manage the availability of funds in the market. This not…

Q: 3

A: We know that The oligopoly is a market structure which is characterized by the presence of a small…

Q: Which of the following is true of the change in the quantity of aggregate output demanded? a.The…

A: Aggregate output demand is the sum of consumption, investment, government spending, and net exports.…

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A: Elasticity measures the responsiveness of quantity to changes in price

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A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three subparts question…

Q: If x₁ = x₂ = 16, the marginal product of input 1 is two inputs is w₁ = 2 and ₂ = 1. When ₁ is…

A: Production function shows the functional relationship between the output and inputs.  The production…

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A: Net present value = Present value of benefits - Present value of costs

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A: In perfect competition, there are many firms producing identical goods. The firms are price takers

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A:

Q: The American Pharmaceutical Company (APC) has a policy that all capital investments must have a…

A: Discounted payback period:-                                        DPBP=Year before the discounted…

Q: What amount of money invested today at 15% interest can provide the following scholarships: P 30 000…

A: The measure that depicts current stream of income flows being discounted at a specified rate of…

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A: Profit maximizing quantity is such quantity where marginal revenue equals marginal cost.

Q: If government tax policy requires Bill to pay $20,000 in taxes on annual income of $200,000 and Paul…

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Q: 3. The consumption function Suppose that national income in a country is $300 billion, taxes paid by…

A: Given  Income Y=$300 billion Taxes T=$100 billion Household consumption C=160 MPC= 0.6 We have to…

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A: Nash equilibrium refers to the strategy which provide the best outcomes provided the strategy of…

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