Q: G) Which movement could be caused by an application of new machine for harvesting. * O H to A O A to…
A: In a competitive market, there exists a large number of buyers and sellers of the good in the market…
Q: At some colleges and universities, economicsprofessors receive higher salaries than professors…
A: a. This statement can be true because in some colleges or in universities professors are paid…
Q: Total grain 10.5 produced What Bruno gets Feasible frontier. Angela and Bruno combined G 5.25 What…
A: Pareto efficiency, is that state of economy where resources cannot be reallocated once it allocated…
Q: 230 -Budget Line --0-11 12 210 200 190 180 170 160 150 140 130 ho 100 90 60 50 40 30 10 10 15 20…
A: Maximum Units of consumption = Income/Price = wage*Hours worked/Price= 14*H/1 = 14H 225 = 14 H […
Q: Job search is defined as O A. equivalent to job rationing. O B. attending school to increase your…
A: Job search is defined as an activity of looking for an acceptable, vacant job. Option A is incorrect…
Q: Suppose that the president proposes a new lawaimed at reducing healthcare costs: All Americans…
A: This excercise demonstrates the importance of the shortage of demand and supply. The cause and have…
Q: QUESTION 12 For the US govemment to provide services, t collects reverue trom 1A nly indida in the…
A: Ans 12 The US government collects revenue from Both households and businesses in various forms of…
Q: The government raises taxes on wages by 20% and splits the money evenly across households as "free…
A: A government's decision of what taxes to charge, in what quantities, and on whom is known as tax…
Q: rea Mowry is a knitwear designer, and she has a firm DreaReneeKnits. She uses knitters as labour and…
A: LABOUR TP MP AP TFC TVC TC ATC MC 0 0 - - 100 0 100 - - 1 2 2 2 100 150 250 125 150 2 5 (a)…
Q: (a) Mr. Al-Maskri's daily fixed cost for the flower pot making machine and building is RO 60.…
A: Total cost is the sum of fixed cost and variable cost. Total quantity of output multiplied by price…
Q: 2. Assume the technology is described by y =(x,x2)i and that prices of inputs are wi and…
A: A conditional factor demand is the cost-minimizing level of an input (factor of production) such as…
Q: In an OLG economy where each generation has 14 bananas when young, and 6 bananas when old. Fed…
A: The goods and services are produced in various quantities for various generations. The consumption…
Q: 8 . 15 .... .... ..... a. Fill in all the blanks in the table above b. Verify that MRPL for this…
A: According to MPTD (Marginal Productivity Theory of Distribution) factors of production such as…
Q: 1. The single most importart elemert in menagerial econorics is the microeconomic theory cf the…
A: Answer is Option (A) True
Q: rcad a newspaper teport that compares wages paid to empioyees at Starbucks in India and an the…
A: A newspaper article compares wages paid by Starbucks to its employees in two countries - the I and…
Q: Jen's nonlabor income is V=$83 per week and her total time available in the week is T= 110 hours.…
A: Reservation wage For the purpose of studying labour economics, reserve pay is defined as the lowest…
Q: Bassie, who can currently work as many hours as she wants at a wage of w, chooses to work ten hours…
A: The budget constraint reflects the relationship between prices, quantity consumed, and income of the…
Q: cture "Origins and Missions of th Reserve" Ben Bernanke agreed w dent who stated the recovery of th…
A: Tightening strategy happens when national banks raise the government subsidizes rate, and…
Q: tivity 3: Effects of Government Policies Directions: Identify the appropriate government policy…
A: "In macro-economics there are two types of policies: Fiscal Policy and Monetary Policy. Fiscal…
Q: How do the economies of WTO Mer enefit from TBT and SPS Aoreements
A: WTO Members benefit from TBT and SPS Agreements,
Q: What are some of the uses to which labors tandards are put?
A: Labor standards refer to standard conventions relating to workers, such as basic worker rights,…
Q: Ifthe price of a table in Year 2 is $10, how mmytablas will actually ba delivered! If the price of a…
A: d. The market equilibrium is obtained at the point where the quantity demanded is equal to the…
Q: Suppose workers in Canada and the United States can produce either baseball bats or hockey sticks.…
A: here we calculate the price by the following method as follow;
Q: A. What is AP of four drivers? B. What is the MP of the 6th driver? C. What is the AVC of providing…
A: Labor Outpurt 0 0 1 8 2 18 3 32 4 52 5 68 6 76 7 80 8 82
Q: The following graph shows the MB for security guards of each Store ndicates the agreed equal…
A: i.) For 5 Gurads: 5 * 350= 1750 Store shares= 1750/ 7 = 250 For 6 Gurads: 6 * 350= 2100 Store…
Q: Describe two ways labor exerts influence on the economic landscape. Give one example lf a constraint…
A: Labor or we can say that human capital is used in providing a service to the economy, or does the…
Q: The produclion funclion for a frm ie pix, y)- B6x"y". tere x and y are the number of unis of labor…
A: Given Production function: p(x,y)=96x3/4y1/4 ... (1) Cost of labor (w)=$144 per unit…
Q: 1. PEDRO, a regular employee of a large Corporation, ABC, receives P1,000.00 per day. He worked for…
A: Salary given on the basis of how many hours you worked for the company .
Q: Plot the collowng hpothenical morokdnnd com supplyocchedulerur commod ty X Quantity Denanded mite…
A: Demand for a commodity refers to the number of units that a buyer desires and able to purchase from…
Q: Resource use is efficient when ...... O A. it is not possible to make someone better off without…
A: Pareto Optimal Concept :- It is a situation of optimal level of satisfaction, when if someone wants…
Q: The nation of Ectcnia has 2.0 competitive apple or--chards, all of which sell apples at the world…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…
Q: nd Olaf are trying to decide how many hours per week to run the heater, which costs $30 per hour,…
A: *Answer:
Q: Anya is awake for 100 hours per week. Using onediagram, show Anya's budget constraints ii sheearns…
A: The indifference Curve depicts the many options available to a customer based on his or her income…
Q: ng in a res
A: In economics, a factor market is defined as a market where factors of production are being bought…
Q: For Native Americans during the colonial period, what could we say about the PED (in magnitude) for…
A: PED is a proportion of how delicate the amount requested is to its price. At the point when the…
Q: The nation of Ectenia has 20 competitive appleorchards, all of which sell apples at the world…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: O In equili brium, wi th diminishing many inal products, the Slope of the PPF ís equal to: © the…
A: The economics as a study is based upon the idea that the resources which are present with the…
Q: 3 1- which is an example of an objective a) Find a high-paying job after college b) Gratuate from…
A: Objective refers to the statement that describes a particular aim of a person or agent. It is narrow…
Q: If Al-quds firm has $ 1000 to be spent on two factors of production, the price of labour PL = $ 100…
A: Answer: Given, Total Cost (C)= $1000 Price of labour (PL) = $100 Price of the machine (PM) = $20…
Q: Assume the budget line is Y = 900 = pBB + pZZ = 9B + 18Z. Further assume that the marginal rate of…
A: Marginal rate of substitution is that rate at which one factor of production or input can be…
Q: Suppose Aldo makes €8 an hour for the first 40 hours a week, and €12 an hour for any hours above 40…
A: Indifference curve analysis can be used to explain why people prefer income over leisure, and why a…
Q: Elsa and Anna are two students each considering whether to pursue a college education before…
A: Given information Two students Elsa and Anna They need to choose whether to go for degree or not to…
Q: Elsa and Anna are two students each considering whether to pursue a college education before…
A: Given information Two students Elsa and Anna They need to choose whether to go for degree or not to…
Q: I will pay my 10-year old son 50 cents to wash the car, mow the lawn, cut down the weeds, take out…
A: It was not an unjust agreement since the rate was consented upon by both participants. The positive…
Q: Explain how the wage can adjust to balance thesupply and demand for labor while…
A: Wages are the price paid to labor for its contribution to the production process in economics. In…
Step by step
Solved in 2 steps
- A decrease in people's disposable income OA. increases investment demand. B. increases consumption. OC. decreases saving. O D. increases saving and decrease consumption. OE. increases saving. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism.Answer completely and accurate answer.Rest assured, you will receive an upvote if the answer is accurate.a Guildrerian traded buys a 150 flop barrel of florish pickles by exchanging 15 gulps and a florish trader buys a 8 gulp crate of Guilderian apples by exchange 80 flops. Then the gulp appreciation to 25 flops per gulp, What price must the Guilderian pay for the same 150 flop of barrel pickles? b. How much must the Florish trader pay for the same 8 gulps crate of apples? 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.Can you think of ways that globalization has helped you economically? Can you think of ways that it has not?
- How do we use these FOCs to show that (wtNt)/Yt =(1-α) if Yt = At Ktα Nt1-αQ. 5. For auto makers, an important decision is to determine what features a new car model should be provided based on cost-benefit analysis. In what ways can economists help auto manu- facturers estimate the marginal rate of substitution between features such as vehicle interior size and acceleration? (a) Examining production cost data (b) Conducting consumer surveys about willingness to pay for auto features (c) Solving the standard consumer model (d) Statistically analyzing historical data on purchases of different types of autos (e) B and D only Q. 10. When firms determine whether to invest in research and development (R&D), they need to consider many factors. Which of the following is NOT one of the important factors that should be considered? (a) The market size of the product today. (b) The market potential for the product in the next few years. (c) The R&D investment of the competitors on similar products. (d) Potential new products that may be substitutes of the…A) Which country do you prefer andwhy B) Prove your decision numerically, graphically, and with respect torelevant economics theory
- 4 Discuss(in detail:step by step) the cantillon effect. What was so notable about this and ehat did he ultimately conclude? Explain need done asap please, thank you!In some ways the state of the world economy is less hostile today than when (then) finance minister Tito Mboweni read his Budget Speech a year ago. Global economic growth rebounded significantly in 2021, after the decimation brought about by the Covid-19 induced recession in 2020.One of the outcomes of this was a sharp recovery in commodity prices, which has resulted in much higher-than-expected mining tax revenue in South Africa. This, in turn, has provided some welcome – albeit limited – breathing space on the fiscal front.The local economy is thought to have grown by more than 4.5 percent in 2021 – the highest annual increase in more than a decade. On balance, the finance minister should be able to meet spending demands (including the extension of the Sassa payments) for the year ahead, without widening the Budget deficit or resorting to punitive upwards adjustments to tax rates.” Define fiscal policy Describe the role of the budget in fiscal policy. Discuss how the policy…Covid-19 backed by Lockdown generated many economic anomalies. The weeklychange in the price of the mask in a town is given below.Time March1 stweekMarch2 ndweekMarch3 rdweekMarch4 thweekApril1 stweekApril2 ndweekApril3 rdweekApril4 thweekMay1 stweek Price(₹)100 150 175 200 200 175 70 50 50Forecast the Expected price of Mask for the 2 nd week of May.Strangely the Actual price of Mask in the city in the 2 nd week of May was 10 rupees.State at least four economic reasons why your calculated Expected price of Mask didnot match the Actual price of Mask.Now assume when the price of the Mask was 200 rupees per unit 5 lakh customersbought it. As the price reduced to 50 rupees only 1 lakh customers bought it.Calculate elasticity of demand and state which laws of economics are violated in thiscase, and how?
- (50 points) Consider the two-period economy with investment discussed in class. Forthe sake of simplicity, assume that the utility is time separable and that the per-periodutility is equal to:u(C) = log CAssume also that the technology to produce the consumption goods has constant returns to scale. Moreover, capital is the only input to production. Hence the currentperiod technology can be represented as:Y = zK1where Y , K, and z stand for output, capital and total factor productivity in the currentperiod. The future period technology is akin to the current period technology. There isno government expenditure in the current and future period so that G = 0 and G0 = 0.Finally there is full capital depreciation, namely δ = 1.(a) (10 points) Write down the social planner’s problem. State the variables withrespect to which the social planner maximises.(b) (10 points) Derive the first order conditions to the planner problem. Rearrangethere condition to find the conditions characterising the…suppose you ar etrying to determine the aftereffects of hurricane Katrina on the economy of Louisiana. Which assumptions could be made to simplify the study? Note that not all statements may be placed. 1. consider the effects on all of Louisiana's interstate trade partnters 2. focus on just the crawfish-and catfish-farming industries in Louisiana 3. determin the effects while holding the infrastructure and factors of production constant 4. track the total net worth of the output produced by the state prior to the hurrican and after the hurricane 5. compare the change in prices for all goods5. Can the supply chain handle the necessary changes? Before an organization commits toramping up its input, it is essential to confirm that its supply chain will be able to handlerelated requirements.
