utility

Q: A supply curve that is parallel to the horizontal axis suggests that:         the industry is organi...

A: Demand is the willingness and ability of consumers for consuming goods and services at different pri...

Q: • Summarize the advantages and disadvantagesof capital controls

A: Capital Controls: It refers to the control on inflow and outflow of capital and financial assets. It...

Q: Consider a piece of industrial equipment that has an installed cost of $100,000.  The equipment is e...

A: Given, Installed cost - $100,000 Annual first year Saving - $30,000 Saving is increased by (Si) 5 pe...

Q: Suppose the production function is Y = AK0.3N0.7. Suppose in 2010, K = 1000, N = 100, and Y = 199.5....

A: Productivity is the ratio between the output and input volume of goods and services.

Q: The monopoly business is described as a price maker. How does this differ from a perfectly competiti...

A: Monopoly market: In this market, there is a single seller who sells a good which has no close substi...

Q: Only answer 1,2 and 3

A: Economy of scale refers to factors that reduce production costs and increase the volume of output. T...

Q: Assume the demand for lumber suddenly rises because of a rapid growth of demand for new housing. Ass...

A: The demand for houses increases the demand for lumber.

Q: Which of the following statement is correct? i. Commercial bank is a Banking Financial Institution i...

A: Commercial banks and insurance companies are both institutions that deal with finance, however, the ...

Q: 5. Suppose the following information represents current economic conditions and behavior in some eco...

A: Note: Since more than one questions are posted and no special request from the student, we are going...

Q: The following data shows the relationship between price and quantity demanded at four different pric...

A: The price elasticity of demand(PED) estimates the change in quantity for a good with respect to the ...

Q: Required information The Briggs and Stratton Commercial Division designs and manufacturers small eng...

A: Present worth (PW) can be calculated by using the following formula.

Q: Economics Question

A: Q1) 1. Rouhaan has his own business selling shawarma at a stand in a mall. For his shawarma stand, h...

Q: Relationship between Economics and Software Engineering Economics. In bullets

A: Software engineering economics is tied in with settling on choices identified with software engineer...

Q: 3) Suppose workers and firms expect the overall price level to increase by 4%. Given this informatio...

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...

Q: Given the inelasticity of cigarette demand, discuss an excise tax on cigarettes in terms of efficien...

A: Inelastic demand is one in which there is a slight change in the quantity demanded due to a price ch...

Q: Only answer 4 and 5

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a...

Q: Why is the government sometimes a part of the problem of coordination failure rather than the soluti...

A: Coordination failure happens when a group of firms might have achieved a desirable equilibrium but g...

Q: Need help for g) and h). This is university intermediate microeconomics

A: (g) In general equilibrium, at the equilibrium allocation; MRSA=MRSB=Price ratiox2Ax1A=x2Bx1B=px2Ax1...

Q: One rule of thumb in the fast-food restaurant business is a "4 times markup": The price of a food it...

A: Price of the taco = 4(Cost of ingredients used in making taco)Price of the taco = 4 x 1.5           ...

Q: In a Solow economy with technological progress, KO.5(LE)0.5. Furthermore, the saving rate of this ec...

A: A production function shows the changes that take place in a production process due to variations in...

Q: A competitive firm can increase profit by_____________________if marginal cost exceeds price. ...

A: In perfectly competitive market, all firms produce homogeneous product, where no single firm can inf...

Q: Economics Question

A: Since it has not been specified which questions are to be answered, we will answer the first questio...

Q: In industry, when the price of electricity goes up, the company employs more low-skilled workers. Th...

A: Substitution effects refers to the decline in the demand made by the consumer when the price of the ...

Q: What is classes as an expansionary fiscal policy?

A: Fiscal policy is the government-imposed policy used to change economic conditions like demand, infla...

Q: Using economic theory what are the benefits and drawbacks of using digital currencies?

A: Digital currency is the powerful technological innovation happened to the money market in recent tim...

Q: 6 Which of the following statements ia positive economic tatement? A) The Congres should pa the pres...

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...

Q: Why are the cash flows very important?

A: According to the Small Business Administration, insufficient cash reserves  is a major explanation w...

Q: Looking at economics and class in the 1920s, wealth accumulation, and wealth inequality in the US du...

A: The GD {great depression} is described as the situation of the downturn of the economy which has sta...

Q: A manufacturer of a new patented product has found that he can sell 70 units a week to the customer ...

A: 3120 is the total revenue-40*78=3120.

Q: Suppose an economy that produces and consumes apples, bread, and toy-cars. In the following table ...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: For a real interest rate of 1% per month and an inflation rate of 1% per month, calculate the MARKET...

A: Answer: Given, Real interest rate= 1% per month Inflation rate= 1% per month Calculation: Market int...

Q: 20 One of the key factors that determine an economy's real GDP is labor productivity, which isa meaa...

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions econ...

Q: 3. What are the important applications of Engineering Economy

A: Engineering Economy enables engineers for considering all the aspects of the investment from both th...

Q: Answer question 3 please

A: 3)Substitute good is a good which can be used in place of another good. For example tea and coffee.

Q: Suppose the production function is Y = AK0.3N0.7. Suppose in 2010, K = 1000, N = 100, and Y = 199.5....

A: Production function, Y = AK0.3N0.7In 2010, K = 1000, N = 100, Y = 199.5In 2020, K = 2000, N = 200, Y...

Q: Illustrate the following with supply or demand curves: a. A situation of excess labor demand caused ...

A: The demand (dd) for a commodity states the quantity that the consumers desire to purchase at corresp...

Q: Engineering economics is O a. a body of knowledge to determine which of several alternative is techn...

A: Engineering economics can be characterized as the science that manages strategies of quantitative in...

Q: Suppose the demand for burger flippers is LD = 400 – 20W where L=number of burger flippers and W=nom...

A: a. Below is the graph as requested.

Q: Income taxes are calculated based on gross income less certain allowabledeductions. They are also as...

A: Since we only answer up to 3 sub-parts, we will answer the first 3. Please resubmit the question spe...

Q: why the expenditure apporach is used to calculate gdp

A: The gross domestic product is the aggregate value of all final goods and services produced in the ec...

Q: Now assume that the contraction in the Singaporean economy is mainly driven by supply side factors, ...

A: The aggregate supply curve shows the total amount of goods and services that all the firms in the ec...

Q: A major reason that firms form a cartel is to  reduce the elasticity of demand for the product enlar...

A: Cartel is the formal agreement between the oligopolist firms to coordinate the pricing and productio...

Q: As a consumer, what other metrics would you suggest that might reflect benefits of sustainability in...

A: The sustainability initiatives and several other considerations regarding the same promote the welfa...

Q: Dexter deposited 6,300$ into a savings account that earns 2.60% simple interest per year. How much i...

A: (Q) Dexter deposited 6,300$ into a savings account that earns 2.60% simple interest per year. How mu...

Q: You are given the following information about an economy: Gross private domestic investment = 40 Gov...

A: As there are many parts to this question, only first three would be solved. In order to get the answ...

Q: What is the difference between decreasing returns to scale and diminishing marginal product?

A: Returns to scale: Returns to scale measure the change in total output from changing all inputs of pr...

Q: Demand is Q=60-2p, Supply is Q=3p. Government imposes a per value tax of τ on producers (so, produce...

A: When a tax is imposed, the price of the commodity increases. The buyers pay more for the same commod...

Q: Can marginal utility be negative? briefly explain with an example

A: Definition of Marginal Utility- Marginal utility is defined as the utility that a consumer gets by ...

Q: Derive the consumption function and use this relation in the aggregate demand function to derivean e...

A: Consumption function shows the relationship between expenditure done by an individual and one's own ...

Q: See the chart on the first picture to answer those two questions in second picture.

A: The market equilibrium point is the point where the quantity demanded equals quantity supplied of th...