Using political economy, describe a contemporary common private sector job (say, anurse at a private hospital or a retail clerk). Include the term “surplus value” in yourdescription.
Q: How can economic growth be stimulated according to the Neoclassical view? By government intervention…
A: When talking about different views related to economics, neoclassical economics is one of those…
Q: Examine the graph below. The firm is experiencing decreasing returns to scale between points SRATCS…
A: There are three types of return to scale Increasing Return to scale Diminishing return to scale…
Q: What are the main differences between Fisher’s and Friedman’s theory of the demand for money?
A: Fisher's approach of demand for money is the price of a commodity, the importance of money is…
Q: If the population of a country is 1,000,000 people, its labor for consists of 500,000, and 40,000…
A: Gradually we can say that unemployment refers to the situation in which actually people are…
Q: Analyze monetary policy in order the generate macroeconomic stability. Which kind of economic…
A: Introduction Monetary policy measures the nation's central bank can use to encourage significantly…
Q: The sales mix percentages for Guillen's Chicago and Charlotte Divisions are 70% and 30%. The…
A: To calculate the break-even point in terms of dollar value, the break-even sales are multiplied by…
Q: Explain the conditions that create a relationship between research and innovation as the most…
A: Emergencies are adrenaline for advancement. You should go with choices rapidly under very unsure…
Q: Based on data in this chapter, explain two reasons whyit is reasonable to expect that Americans…
A: Economics is the branch of knowledge in which we study about the scarcity of resources and unlimited…
Q: Question 17 True/Fals: In the short run, if a firm is making losses, it can exit the market. Group…
A: The break even point is defined as the point at which the company is profitable but not losing…
Q: The graph shown represents the cost and revenue curves faced by a monopoly. MC P3 ATC P2 D PO Q1 Q2…
A: We have monopoly firm, which tries to maximize its profits.
Q: Because of peso devaluation, a car costing P175,000 is to be purchased through a finance company…
A: When the effects of collecting over time are taken into account, an effective interest rate is a…
Q: True or False. If true explain your reasoning, if False give a counterexample: A monopolist will…
A: In the monopoly market, a Monopolist has an incentive to charge different prices at different output…
Q: If the shop pays its mechanics a wage of $600 per day, then what is the shop's marginal profit from…
A: Marginal profit is the difference between the value of the marginal product and marginal cost.…
Q: 1. Define the term 'negotiable instrument'. What are its essential characteristics? 2. Discuss the…
A: 1. A negotiable instrument is a document that guarantees payment of a specific amount of money to a…
Q: ces Problem 08-06 The diagram below shows the demand, marginal revenue, and marginal cost of a…
A: A monopoly is a single firm in the market producing unique good.
Q: In the market of a homogeneous product, two companies, A and B, produce with same technology. The…
A: Introduction We have given a market for homogeneous product. 1) Suppose both companies will choose…
Q: 1 1 The production function is given by Q = KĀLĀ. a. Derive the marginal product of capital.…
A: Answer: Given, Production function: Q=K14L14 (a). Let us partially derivate the production function…
Q: Organised business in KwaZulu-Natal has welcomed the R26bn port investments launched in the…
A: Transport facilitates the assembly of raw materials as well as the distribution of finished goods.…
Q: "Australia's booming housing demand could be impacted by China's move to restrict steel production,…
A: Market equilibrium is achieved at the price at which quantities demanded and supplied are equal.
Q: Relatively inelastic Demand Price Demand 02 01 03 Which good would most likely be illustrated with…
A: Answer: The given graph shows the inelastic demand curve. Out of the given options, toilet paper…
Q: he production of electrical transformers as found that the total fixed cost of the t was (1,000,000)…
A: *Answer:
Q: True/False: When a per-unit tax is imposed on a polluter, the marginal social cost curve shifts to…
A: Externality refers to cost or benefit imposed on society due to economic activity.
Q: Two players are playing a game that is given in a tree form below: 1 1 S P 1 H
A: In this game, subgame perfect nash equilibrium(SPNE) can not be found using backward induction…
Q: 18. Market shares of chocolate makers are Firm Market share (percent) Truffles, Inc. 25 Magic, Inc.…
A: Ans. 18. Herfindahl-Hirschman Index (HHI) measures the market competitiveness in a particular…
Q: Which one of these is not an agriculture analytics usecase? Select one: a.Intelligent monitoring &…
A: When talking about analytics in economics, these are the tools used by the researcher to make…
Q: Which is NOT a reason for a supplier to offer trade credit to a manufacturer? a. To increase the…
A: When favorable terms are agreed upon with a business's supplier, trade credit can be a useful tool…
Q: Which of these actions shows an expansionary monetary policy? d Decrease of the minimum required…
A: Monetary policy refers to change in supply of money in the economy.
Q: Draw a monopoly and perfectly competitive industry on the same graph space. Only show equilibrium…
A: Here's the graph,
Q: Which kind of economic fiscal policy measures do you recommend at the current economic situation…
A: Stagflation is defined as a period of poor economic development and relatively high unemployment—or…
Q: 3. We typically focus on firm from well-developed economies entering markets of less developed…
A: If companies from less developed economies join established markets like the United States, they…
Q: 3. Total Revenue and Elasticity of Demand. Suppose the demand for buko pie in Los Baños is given to…
A: Disclaimer :- since you have asked multipart questions we are solving only the first 3 parts as per…
Q: One of the following is not the reason for negotiating. a. To prevent exploitation/harassment b.…
A:
Q: If the current margin is greater than the desired margin? a. Marginal revenue and marginal cost…
A: If current margin = desired margin, then MR = MC. In this case, no need to change the current output…
Q: A new highway is to be constructed. Design A calls for a concrete pavement costing $90 per foot with…
A: The method that depicts uniform costs of all receipts and expenditures being estimated during the…
Q: According to Little's Law, which statement is correct for a stable process: O a. For a given…
A: Consider the Little's Law: L = λ x W Where, L = L can be considered as the quantity of the average…
Q: Can you describe and write the advantages and disadvantage of market dynamics. And write the parts…
A: Market dynamics are powers that will influence costs and the ways of behaving of producers and…
Q: Figure 1 below shows the relationship between the number of mechanics hired and the number of car…
A: The marginal product refers to the amount of increase in the total production because of one more…
Q: Eq price in ice Quantity Demanded Quantity Supplied $10 10 60 $8 20 45 $6 30 30 $4 40…
A: In economics, quantity demanded refers to the total amount of a good or service that consumers…
Q: 25. Which statement is true? a. The income method for calculating GDP gives a higher result for GDP…
A: GDP refers to the value of goods and services that are produced within the country during a specific…
Q: ndicate which one of following statements is true for a coupon bond: A) When the price of a bond…
A: a gift certificate from the bond's issue date until it matures, the annual interest payment is…
Q: Question 13 The price level in the general is more flexible downward than upward. OA) true O B)…
A: In an economy, price level refers to the market value of goods and services according to the demand…
Q: Mr. Cruz deposited P150, 000.00 now, so that his 2 years old daughter will receive 5 equal amounts…
A: A deferred annuity is a settlement with an coverage organization that guarantees to pay the…
Q: By emphasising productivity and efficiency, what have service output measures tended to ignore?…
A: Efficiency alludes to how much exertion and assets individuals put into work, while efficiency is…
Q: If you would like to have $400000 for your retired and you save equal amount monthly in a saving…
A: FV = 400000 n = 30 Years or 30*12 = 360 months r = 3.5% I.e. 30.035/12 = 0.0029167
Q: Cash Flow Diagram. Show your complete solution and box your answers. Construct a cash flow diagram…
A: Cash Flow at Year 0 = -19000 Cash Flow at Year 1-4 = 8100
Q: Which of the following is responsible for the change in demand and supply of silk shirts from X1 to…
A: Equilibrium refers to the situation which is attained where demand and supply intersect each other.…
Q: As the Country Director of a multi-national company in Ghana, you have decided to conduct a survey…
A: This evaluation will cover one non-probability sampling strategy and two probability sampling…
Q: How is the opportunity cost of holding money determined? Question 18 options: by consumer income…
A: The opportunity cost of holding cash is the expense that could be understood assuming cash were…
Q: POSSIBLE PO Sofia receives a text message from her bank. All of the following indicate that the text…
A: In the banking sector, there are chances that people may face scam due to any fake call or message…
Q: With the aid of a diagram, discussing the situations under which a ‘trade diverting’ custom union…
A: Trade diversion:- Trade diversion is a phrase used in global relations to describe how commerce is…
Using political economy, describe a contemporary common private sector job (say, a
nurse at a private hospital or a retail clerk). Include the term “surplus value” in your
description.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What does the research and experimentation tax credit do? Group of answer choices A)Generates significant tax revenue for the federal government. B)It offers a tax benefit to individuals who work in research and development. C)It offers firms a tax reduction depending on hiring of scientific and technical personnel. D)It offers firms a tax reduction depending on how much research and development they do.What does the research and experimentation tax credit do? It offers a tax benefit to individuals who work in research and development. It offers firms a tax reduction depending on how much research and development they do. Generates significant tax revenue for the federal government. It offers firms a tax reduction depending on hiring of scientific and technical personnel.e. Government policies that lead to underproduction, such as quotas, are in violation of the first fundamental theorem of welfare economics. Do you agree? Why/why not? f. What is the difference between the marginal excess tax burden and the marginal cost of public funds when considering a policy?
- To set a 15 per cent global tax rate on multinational companies. Provide a critical economic analysis of implementing such a policy (Please use diagram, table or graph to demonstrate your answer) . Should this policy be maintained?Match the term to the definition: High tax rates on interest and profits are disincentives. People may engage in “do it yourself” projects rather than paying someone to do the work, if they have to pay taxes on the services. People may not work overtime or second jobs if pushes them into higher tax bracket A. The Work Effect B. The Savings and Investment Effect C. The Elimination of Productive Market ExchangesAlmost all states levy sales taxes on retail products, but about half of them exempt purchases of food. In addition, virtually all services are exempt from state sales taxes. a. The exemption of food from sales taxes is most likely explained by what? A. Attaining social objectives. B. The ability-to-pay principle. OC. The horizontal-equity principle. OD. The benefits-received principle. b. The exemption of services from sales taxes is most likely explained by what? A. The ability-to-pay principle B. Attaining social objectives such as avoiding tax evasion. OC. The benefits-received principle. D. The horizontal-equity principle. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- Adam Smith proposed taxing ‘Sugar, rum and tobacco’ because they are: “nowhere necessaries of life” “objects of almost universal consumption” Why do you think Adam Smith preferred to impose a tax on luxury goods? Why do you think Adam Smith preferred a tax on ‘objects of almost universal consumption’? Note that ‘Smith’s proposal to tax sugar was not aimed at improving health’ Requirement: Demonstrate a precise understanding of Adam Smith’s meaning and intent, with the appropriate link to relevant economic concepts.(Please explain with graphic) Suppose that a consumer cannot vary hours of work as he or she chooses. In particular, he or she must choose between working q hours and not working at all, where q > 0. Suppose that dividend income is zero, and that the consumer pays a tax T if he or she works, and receives a benefit b when not working, interpreted as an unemployment insurance payment. a. If the wage rate increases, how does this affect the consumer’s hours of work? What does this have to say about what we would observe about the behavior of actual consumers when wages change? Explained also with the graph b. Suppose that the unemployment insurance benefit increases. How will this affect hours of work? Explain the implications of this for unemployment insurance programs. Explained also with the grapha. Suppose that the Scarceland economy is currently in recession, so that there is high level of unemployment. the Privs currently have enough government goods, and the Guvs have enough private goods, but each group has less of its own favored goods than it wants. what point is the economy at?--------- is it possible make both groups better off? How? b. A politician seeks support from both Privs and Guvs by promising to implement policies that will lead the economy to produce the amount of private goods favored by the Privis and government goods favored by the Guvs. what point is the Politician promising? Why? What's wrong with this promise? Could it fulfilled now? Could it fulfilled in time? How?
- In the United States, one of the largest welfare programs is the Supplemental NutritionAssistance Program (SNAP) representing the second largest in-kind transfer programfor individuals in the US. From the abstract of the study we are told “[a] 1% increasein benefits per population raises grocery prices by a persistent 0.08%. A calibratedpartial-equilibrium model implies a marginal benefit dollar raises a recipient’s consumersurplus from groceries by $0.7, producer surplus by $0.5, and lowers each non-SNAPconsumer’s surplus by $0.05.” In other words, increasing the size of the in-kind transferleads to higher prices. This higher price results in a larger surplus for grocery stores anda lower consumer surplus for individuals not participating in SNAP. Those individualswho participate in SNAP can increase their overall consumer surplus as they haveaccess to more goods, despite the higher price. This result is estimated using thenearly 100% redemption of the SNAP benefits (i.e. assuming the…Here is a second hypothesis: A well-funded social safety net may lead to less regulation of the market economy. Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.Trying to figure out question: If a new home can be constructed for $150,000, what is the opportunity cost of federal defense spending, measured in terms of private housing? (Assuming a defense budget of $750 Billion.) Round response to one decimal place _(Blank)_ Million Homes
