W 7 Ms. Bain maximizes 6. utility (given her budget constraint) at point X, skiing 2 days and spending 3 days horseback riding. 5 4 er semester

Q: Law of diminishing return and its shape of curve

A: The law of diminishing returns is an economic principle that states that as investment in a certain…

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A:

Q: Australian money market and the foreign exchange market

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Q: The following equations describe an economy C = 750 + 0.75Yd | = 350 G = 700 X = 450 IM = 0.1Y T =…

A: Economy refers to managing available resources.

Q: An automobile that cost $670 in 1935 was sold as an antique car for $15,900 in 2005. What was the…

A: Given the value in 1935, PV = $670 Value in 2005, FV = $15900 Years from 1935 to 2005 = 70 years

Q: QUESTION 4 Player 2 Left Right P1: $18 P1:$11 Player 1 Up P2: $17 P2: $24 P1: $6 P1: $21 Down P2:544…

A: To find the nash equilibrium, we uses the best response method, where we underline the maximum…

Q: Project A requires an immediate investment of​ $8000 and another​ $6000 in three years. Net returns…

A: Net Present Value is the value of all future cash flows (positive and negative) discounted to the…

Q: 5. Suppose your father earned a salary of 15000$ in 2010. If the CPI is 31 in 2010 and 220 in 2022…

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A: A horizontal merger occurs when two companies produce and sell the same goods.

Q: Consider a Cournot oligopoly with two firma, where the demand curves are given by P, = 100-Q,-20,…

A: Introduction  We have given Cournot oligopoly demand functions of two firms. Marginal revenue of…

Q: Siven the following data for a country A for the year ended December 2021 Items Private expenditure…

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

Q: 1. If the Fed purchases U.S. Treasury securities, then the curve shifts from . to . As in figure and…

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Q: i=0.02+0.75y+0.25(x-2%) al bank puts a higher policy weight on output than inflation. Imagine that…

A: *Answer:

Q: Price-Demand: p = D(x) 984 410 2140 220 2940 143 4200 55 5125 45 Price-Supply p = S(x) 984 21 2140…

A: As given information Price demand table Price supply table

Q: Given that C= $7,000 + 0.05 Yd, if the level of disposable income is $14,000, the level of…

A: Consumption function  C = 7000 + 0.05Yd  Disposable income = $14000

Q: 22. Which of the following would cause the AD curve to shift to the right? O The government raises…

A: Cause of shift in AD curve are:-  1) Change in consumer spending. 2) Change in Investment spending…

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A: We have given input prices w and v for labor and capital respectively.

Q: 12) If the world is experiencing negative pressure on the global currency system, the organization…

A: Given :  A hypothetical situation where the world is experiencing negative pressure on the global…

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Q: 1)Which of the following is not a positive economic statement? a)Price supports lead to excess…

A: The answer is as follows:-

Q: I ncia.wwnorton.com b. Per capita real GDP doubled in South Korea again in only seven years,…

A: Real GDP in 1981 is $800 Real GDP in 1988 is $1600 Time period= 7 years

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Q: When Hiro buys 6 lottery tickets a weok he cannot aford to buy a candy ba

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A: *Answer:

Q: what does the Solow model predict about “economic convergence” and do we see this in the data?

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Q: 12% Md 11% MS 10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0% $0 $50 $100 $150 $200 $250 $300 $350 $400 $450…

A: Given information

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A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…

Q: List and explain the two defining characteristics of public goods.

A: Public good is the good which is available for all the members of the society. The two main…

Q: 0.2 2. A seller's production function is q = f(k,1) = (kl), w = v = 1, and the competitive output…

A:

Q: Structural interdependence involves interconnectedness of national markets for goods, services, and…

A: Structural interdependence involves interconnectedness of national markets for goods, services, and…

Q: What is the effect of expansionary fiscal and monetary policy on income (output and employment)…

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Q: 12% 2% 4% Real GDP growth rate vel of inflation is X? How do you know? because ng at Point A in the…

A: *Answer:

Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for you.…

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Q: Suppose Canada currently has a trade deficit. Which of the following changes could potentially lead…

A: In the international market, the value of the currency of a country influence the total units sales…

Q: O d. reduce; higher; higher

A:

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A: A flexible real wage rate system raises the real wage rate while lowering the equilibrium labor…

Q: 1) Suppose the job separation rate (s) of an economy is 0.01 and the job findings rate (f) is 0.2.…

A: Given:- Job separation rate(s)=0.01 Job finding rate(f)=0.2 Long run unemployment rate(u)=4.7%

Q: Suppose June eats less microwavable dinner after graduating and getting a nice- paid job. Her demand…

A: Inferior goods are those goods the demand for which falls with increase in the income of the…

Q: QUESTION 1 A firm in a monopolistically competitive market faces the following demand curve: Q(P) =…

A: We have TC = 6675+4Q And MC = dTC/dQ= 4