Using the information on the graph below, choose the answer that best represents what happens to Weather Radios after a bad tornado go through an area. Price B
Q: Is it ethical for state and city governments to entice specific businesses to relocate their…
A: In the field of the economics, the concept of ethical decision-making refers to a decision-making…
Q: 2. Suppose an economy is given by the following equations: C = 150 +0.25Yd I= 150 +0.25Y - 1000i G =…
A: Equilibrium output is produced where IS curve intersects LM curve, that is both goods market and…
Q: A company charting its profits notices that the relationship between the number of units sold, x,…
A: If the relationship between the number of units and profit is linear it can be expressed by the…
Q: 7) Suppose an economy is given by the following equations: C = 100+ 0.75Yd I = 125 - 5i G = 100 T =…
A: Equilibrium output is produced at the intersection of IS and LM curves. IS shows equilibrium in…
Q: One characteristic of all markets is that they are places of exchange focused on local products…
A: A market is a type of place wherever manufacturers, all types of distributors, or retailers sell,…
Q: Part A [Word limit: 400] Consider a two-firm model with a negative production externality. Let x;…
A: Given information P1=100 P2=150 Both firm are working into perfect competitive market. Total…
Q: Economics (a) Describe the MacDougall-Kemp model of labour mobility including its key assumptions.
A: The MacDougall–Kemp model is helpful for calculating the influence of immigration on income…
Q: assume that there is a furniture store in Ventura. At a specific output level, this furniture…
A: The marginal cost (MC) bend is defined as the change in total cost divided by the change in energy…
Q: 4. Equilibrium a) 45 E) Otherwise price after tax is imposed: b) 55 c) 70 Values of dimensions et…
A: As we know tax will increase the cost of producer and producer will be discouraged to produce more…
Q: s are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute value…
A: Price Elasticity of Demand: Price elasticity of demand implies to the % change in the quantity of…
Q: An economist estimated the following linear demand function for Steve's car fuel consumption: Q =…
A: Here, the information about the linear demand function for Steve's car fuel is given as: Q=196-0.26P…
Q: In 2021, Australia’s GDP growth rate was 3.4% which is much higher than its 10-year average. In…
A: Exchange Rate refers to the value of a certain currency denoted in terms of another currency. It is…
Q: True or False ays es price.
A: Short term benefits are boosted at the ideal creation level. It is the result where the negligible…
Q: You are doing research on yield curves related to the spot rates of several different countries. You…
A: A yield curve refers to a curve that reflects the relationship between the yield or the interest…
Q: These are defined as things with three or more years of useful life: O Durable goods O Services O…
A: The exchange of goods and services involve the use of money. Money is used as a medium of exchange…
Q: What are Nash Equilibria in the following game? Select all that apply Pizza Jazz 7 meats Seafood…
A: We have 3×3 simultaneous move game between two players.
Q: What are the short run and medium run equilibrium effects of tighter monetary policy on nominal and…
A: Monetary policy is the process of regulating the money supply in the economy by the central bank of…
Q: Suppose a consumer has a budget of $200 to spend on two goods, X and Y, whose prices are $20 and…
A: Answer: Given, Total budget = $200 Price of good X PX=$20Price of good Y PY=$10 (d). A consumer is…
Q: Can a numeraire last if its home country does not have strong economic added value -utside of the…
A: Currency of country is the monetary amount of money that is used to purchase goods and services in…
Q: What factors and conditions influenced Wal-Mart to select the entry mode it used to enter each of…
A: Walmart entry operation in Germany Its initial debut into the German market was by the acquisition…
Q: What national and international trade-offs raise a country's standard of living?
A: Tradeoff is a situation in which one things has to be left out in order to gain another thing.
Q: Ventura county there is an oligopolistic market, where each company has a kinked demand curve, then…
A: The kinked demand bend developer was American economist Paul Sweezy and has become crucial in…
Q: Robert Cialdini reports the following event in his book Influence: The Psychology of Persuasion. The…
A: According to the 'Law of demand' there is an inverse relationship between price and quantity…
Q: The Director of Jonat Enterprise hires labour (L) and rents capital equipment (K) in a competitive…
A: Production function : Q = 14K0.5 L0.5 + 10 Profit maximizing utilization of any input is the till…
Q: Often, firms offer a larger quantity (milk, paint, toilet paper, a cup of Coke, second dress, second…
A: Sellers frequently give a bulk discount to persuade customers to buy in bigger numbers. The vendor…
Q: Problem #18: Which statement is correct: a. 'Price of rice land is low because of low rental price'…
A: When talking about the relationship between price and rent, price is the market value of an item or…
Q: In general, the pay level of medical doctors is higher than that of janitors. How can the difference…
A: Labor markets run on the supply and demand of labors. In economics,labor market plays an important…
Q: (T/F) When price in a perfectly competitive market increased from $5 to $10, John's production…
A: In a perfect competition market, the equilibrium price is achieved when: P=MC=AC In this, AC…
Q: 6. Al's Appliancemart has market power in selling refrigerators. He just got in a shipment of…
A: Demand and supply refers to the concept of the market where people demand goods for their needs…
Q: In the balance of payments, capital and financial account inflows might lead to future current…
A: The current account and the capital account are part of the balance of payment.
Q: How will the elasticity of demand be affected in the following cases? A. More substitutes become…
A: A good price elasticity of demand is a proportion of how delicate the amount requested is to its…
Q: Select the statement that is false. In the Market for Lemons model, it is possible for either no…
A: When talking about Leon's market, it is the market where a old, used, or defective items are…
Q: Consider an industry composed of only two firms, each producing an identical product. The two firms…
A: We have stackleberg competition between two firms and they both have identical costs.
Q: What is the most important category of ratios to evaluate a company’s chances of filing for…
A: Answer -
Q: Question 2 [Word limit: 500] Consider the following game, called a voluntary contribution mechanism…
A: Voluntary contribution mechanism is a type of game which is used for the contribution towards public…
Q: In Agricultural Trade Agreements, three categories of distortionary policies exist, called Market…
A: Market access restrictions: Some industries are protected or subsidized at the expense of others by…
Q: P = 40, +10 A tax of 8JD is imposed on every unit sold Answer th question in accordance with the…
A: Given, P = -4Qd + 50 P = 4Qs + 50 Tax on every unit sold = 8JD At equilibrium stage, Supply = Denand…
Q: Assume you are the Minister of Finance and Economic Planning for Ghana, in charge of Fiscal Policy.…
A: Let us firstly define the data provided - Saving rate = 20% , therefore , Consumption rate /MPC = 1…
Q: perfectly competitive market, one of the following answers is correct with respect to the demand…
A: Perfect competition is identify by the presence of huge number of firms who are well-known about the…
Q: 2. A firm has a production function given by the following table: Units of Labor 1 2 3 4 5 K=1 3 8…
A: Diminishing marginal returns occur when an increase in Labor led to increasing in output at…
Q: If the effective annual interest rate is 10.51% and the nominal annual rate is 10.25%, compounding…
A: An effective annual interest rate is the genuine profit from an investment account or any premium…
Q: The best way to present your report is? Select one or more: 0 a. Presentation is an important part…
A: In economics, report is prepared by economists when they use data to get information about specfiic…
Q: 1- What is the IRR in the following cash flow? 0 Year Cash flow, S -4,000 1,500 A) 12.15% B) 13.60%…
A: Since nothing has been mentioned by the student I will be using excel to solve the IRR for this cash…
Q: Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…
A: A good is taxed in an economy and we have post and pre tax prices and quantity.
Q: Calculate the numerical value of the coefficient of the price elasticity of demand in each of the…
A: price elasticity of demand refers to the percentage change in quantity demanded due to percentage…
Q: Based on the following table, how many barrels of oil is efficient? How might transaction costs…
A: Transaction costs basically refers to the costs associated with purchasing or selling a product or…
Q: Consider a monopolist that has a constant marginal cost of 10. The demand for its product is given…
A: Monopoly is a single firm in the market producing unique good in the market.
Q: The following are correct statements about the Marginal Productivity of Labor (MPL), EXCEPT:…
A: The marginal product of labour in economics is the change in output that results from employing an…
Q: Suppose that the church offers free tuition to Inanda Seminary High School students with a "B"…
A: The production means inputs are used in such a manner that the output is produced. The output is the…
Q: P3
A: The aggregate demand curve shows the inverse relationship between the price level and the total…
Please answer fast please arjent help please ASAP pls answer
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Dominos offers all its customers 40% off any pizza if you order using the dominos app. This is an example of:A local fair charges a $15 entry fee and $1.75 per ride. Dustin has $35 to spend. What is the maximum number of rides Dustin can go on? a 8 b 11 C 12 d 20It's one question but since it's big I attached two photos. For this question "Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the ______. The drop-down answers have these choices. a) store in the neighboring city b) local department store c) local department store
- Your marginal benefits from eating candy bars is shown in the table below # Hotdogs Marginal benefits (MB) 0 0 1 7 2 4 3 2 4 1 Question 2 Too many cooks spoil the broth. Which core principles is represented in this scenario (if any). explainSuppose you are in charge of snow removal in your community and you are trying to figure out if you should clear snow on a street. You survey the 20 people that live on that street who say they they each value having snow cleared on their street at $50 per year. The snow removal only costs $600 per year so you hire a snow plow and clear the snow that winter. When you ask for donations to pay for the snow removal you only receive $80. What does this result show? a The people on that street were free-riders. b The snow removal suffered from the Tragedy of the Commons problems. c The snow removal cost must have been greater than their economic benefit. d You must have overestimated the value of a fireworks show. Please suggest me right answer with explanationchoose the corrrect answer: Question: This specifies that an action that could benefit more people and more subject should be achieved for the certain scenario. A. Common Good B. Greater/Greatest Good
- What is production efficiencyImagine a country XYZ that produces only two goods—chairs and tables. Together, the chairs and tablesindustries use all of the economy’s factors of production. The table below shows the productionpossibilities for XYZ:Production Possibilities for XYZChairs Tables600 0450 150300 250150 325 0 375 use the slope (rise/run) to solve it and describe what happen A. What is the opportunity cost of increasing tables production from 250 tables to 325tables? If I solve it by using slope method (250-325)/(300-150)=-0.5 is it correct? Because we should use slope method (Y2-Y1)/(X2-X1)how does libertarianism relate to economics/micro economics
- Imagine a country XYZ that produces only two goods—chairs and tables. Together, the chairs and tablesindustries use all of the economy’s factors of production. The table below shows the productionpossibilities for XYZ:Production Possibilities for XYZChairs Tables600 0450 150300 250150 325 0 375 use the slope (rise/run) to solve it and describe what happen a. What is the opportunity cost of increasing chairs production from 450 chairs to 600chairs? b. What is the opportunity cost of increasing tables production from 250 tables to 325tables?Brainstorm common items that you think consumers pay too much for or that you think are overpriced (i.e. movie theater popcorn, brand name items, souvenirs,, etc.). Now think of something more specific, either something that you or someone who know has purchased. For example, I know someone with a baby who was traveling and purchased a small pouch of baby food for $2.00, when even more baby food could have been purchased in a jar for around $0.50. Write about your example, then use the principles you’ve learned about (like scarcity, opportunity cost, rationality, and marginal analysis) to explain why a person would make the decision to purchase that good. Please respond to the questions in the form of a paragraph, making sure you use complete sentences and correct grammar and punctuation.. The local farmer's market offers 1 bag of cilantro for $6 or 2 bags for $10. What's the marginal cost of the second bag?