wants to know what the difference is between one-to-many, many-to-many and one-to-one relationships. For each of the below relationships, provide an explanation of what it is and a relevant example. One-to-many relationship. Many-to-many relationship. One-to-one relationship.
Q: QUESTION 24 Consider the following provision of public good problem: Citizen 1 initial budget: w1 =…
A: Given; Initial budget of citizen 1; w1=$80000Initial budget of citizen 2; w2=$60000Cost of public…
Q: se you make an annual bution of P11,036 each year t e fund for a niece. He is 5 yea nd you will…
A: Introduction,
Q: What role did trade play in the development of India in the period 1 CE - 600 CE? What products did…
A: India in the period 1 CE - 600 CE The Mahayana movement began in India with the belief in…
Q: When a cash deposit is made to a current account in a commercial bank, money supply will decrease.…
A: Reserves are the entire sum of money stored with commercial banks. A check-able deposit is an…
Q: In the model 1n (Y;) = Po+P₁X; +μ₁, the elasticity of E(YX) with respect to X is: OA. B1- B. cannot…
A: Elasticity measures the responsiveness of change in the dependent variable (Y) to change in the…
Q: What is the main advantage of a foreign trade zone?
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: In an industry there are two firms, R₁ and R₂, producing differentiated products that engage in…
A: There are two firms R1 & R2 , such that R2 is the price follower of R1 . This is because R1 sets…
Q: If period 1 is the base year, the bundle price of goods in period 1 is $200, and the bundle price of…
A: Price index: - it is the measure of change in the price level, it measures the change in the price…
Q: N Owns a Disability Income policy that will cover him to age 65, allhough the insurance company has…
A: In the insurance market, there are different types of coverage and insurances are provided with…
Q: A country produces two goods: coconuts and umbrellas. Their production possibilities frontier (PPF)…
A: "Production possibility frontier or PPF represents the different combinations of the two goods that…
Q: The Bluebird Factory reported $1,000,000 in total revenues and $60,000 total variable costs during…
A: Given: The total revenues are = $1,000,000 The total variable costs are = $60,000 To Find: The…
Q: what the Factors that affect the demand for paid TV shows?
A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…
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: A loan for P50,000 is to be paid in 3 years in the amount of P65,000. What is the effective rate of…
A: The rate that is being on a financial product or loan restated from the nominal rate of interest is…
Q: distinguish the roles of the parties associated with the bank bill issue
A: The parties that can be involved in bank bills issued are as follows: 1- Creditor 2- Debtor 3-…
Q: 2. Fill in the blank your numeric answer for each of the following question. 1. A machine with a…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: Briefly describe and explain the following investments terms a) savings c) Mutual funds e)…
A: Investments can be either economic or financial in nature. Purchases of goods and services required…
Q: Total Population 2019 1174960 2020 1178460 2021 1182030 Your answer What is real GDP for year 2021?…
A: The real GDP is the GDP that is calculated at constant price. It is the real measure of calculating…
Q: From the hypothetical data in table 1, provide the following requirements. Table 1. Total Utility…
A: Utility: - Utility is the satisfaction derived by any consumer from consuming a good or service.
Q: You just deposited $3,500 in an investment account and will deposit $5000 more four years from now.…
A: Given Today deposited amount A0 =$3500 After 4 years from now, the deposit A4 =$5000 We have to…
Q: Marcia Anthony, the Trade Minister, argues that the country should not adopt ISI. She asks you to…
A: Country wants to implement import substitution industrialization. It refers that country should…
Q: Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…
A: According to the given table, buyer and seller has same price as $14 when there is no tax, while…
Q: Assume you are the Director of Marketing for ABC LTD, a firm that produces a new product called…
A: Given information Madina demand function Q1 = 24 – 0.2P1 Haatso demand function Q2 = 10 – 0.05P2…
Q: Please solve with 300-500 words max 30-60 minutes max please no reject In 2022, the world is facing…
A: The economic thunder and increased multinational financial integration in the 1980s improved the…
Q: 7, If the interest rate is 8% in the US and 5% in Europe, then according to the interest rate parity…
A: Interest rate parity suggests the relationship between interest rate and forward exchange rate.
Q: Pillar Co makes decorative candles which are made from a special organic blend of beeswax, botanical…
A: Monopoly firm can choose the pricing strategy from uniform price and discriminatory price. Firm can…
Q: 7. All of the following are examples of cash outflows, except: a. Expenses. b. Scholarships. c.…
A: 7. The answer is - b. Scholarships
Q: look at the t-statistics for the relevant coefficients. analyze the standard error of estimated…
A: Polynomial regression is a type of Linear regression where simply because of the Non-straight…
Q: what are Factors affecting the demand of gasoline
A: Demand for Gasoline Gasoline is a generally inelastic product, which means that price fluctuations…
Q: Use the following table to answer the question about taxes, where P Price buyers pay, P, Price…
A: An excise tax is a tax on each unit of a commodity. When it is collected from the sellers, the tax…
Q: This continues the previous question. WMW's cost of producing q deluxe marble kits per week is c =…
A: Given Demand equation:p=600-3q-0.01q2 ...(1) Cost equation: c=225q+2500…
Q: The model (graph) below represents a small country trade of good X after the government decided to…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: c) Obtain information on the following two funds: Colonial First State Developing Companies Fund…
A: An investor refers to a person who puts money into a business in the hopes of making a profit or…
Q: Minister for Labour, John Ring, argues that closing the country's borders to international trade…
A: A closed economy is one that has no exchanging movement with outside economies. The shut economy is…
Q: There is still unemployment rate of 3% even though the economy is at full employment. This is…
A: Full employment refers to an economic situation in which all available labour resources are used as…
Q: 5-7. Consider a nation with a government that does not provide people with property rights for a…
A: 5-7) Property rights are required for efficient distribution of costs and benefits between various…
Q: Question 21 Inflation is an increase in the ___ average hourly wage rate. rate of growth…
A: The gross domestic product refers to the total production of goods and services over a period of…
Q: Why is this answer different to the other answers for the same question?
A: Cournot model is an economic model wherein contending firms pick an amount to create freely and all…
Q: Why might an additional ax have lower marginal utility for a woodsman than a box of cupcakes?…
A: The marginal utility of a good is a change in total utility due to a change in the consumption of a…
Q: 1. Evergreen Fertilizer Company produces fertilizer. The company's fixed monthly cost is $25,000,…
A: Here, it is given that Evergreen fertilizer company has monthly fixed cost of $25,000, per pound…
Q: In long run equilibrium, monopoly prices are set a level where: a. Industry Demand Equals Industry…
A: Monopoly is a market structure where by there is only a single seller and the product being sold is…
Q: Suppose there are two firms in the market, Firm A and Firm B. The total market demand is given by…
A: Cartel is an agreement between firms to maximise joint profit.
Q: Provide answers IN YOUR OWN WORDS 2. What is the significance of understanding the economic role of…
A: Financial institutions refers to those organizations which provide various kinds of financial…
Q: An engineer bought an equipment for 500,000. He spent an additional amount of 35,000 for…
A: The cost of the equipment =500,000 Additional amount spend for installation = 35000 Estimated…
Q: (T/F) When price in a perfectly competitive market increased from $5 to $10, John's production…
A: A market system where all producers and consumers have full and symmetric information and there are…
Q: 2. The internal rate of return on an investment refers to the interest rate earned on the: a.…
A: The internal rate of return, often known as the IRR, is a financial indicator that is used to…
Q: he Australian GDP Unprecedented floods impacted the Australian economy in 2022. After defining…
A: Gross domestic income refers to the summation of all value of goods and services produced during the…
Q: Consider a country with a flexible exchange rate, and which initially has a current account surplus…
A: Economic equilibrium is the combination of economic variables (usually price and quantity) toward…
Q: Consider the perfectly competitive market for California oranges. Explain the characteristics that…
A: In perfect competition, there are large number of firms selling homogeneous goods.
Q: Economic profit is: total revenue minus explicit costs. total revenue minus explicit and implicit…
A: Merely Economic profit is actually is a certain form of the profit or the output which is derived…
Step by step
Solved in 4 steps
- What assumptions about the economy must he true for the invisible hand to work? To what extent are those assumptions valid in line real world?I'm unsure about the two Ps in the final part of the answer. Are those both the same variable? It seemed unclear to me how and why that happened. Can you help with that really quickly?3. Consider a world in which production of a good or service consists of a number of definitive tasks, which must all be performed correctly for the product to have positive value. Each task is filled by a single worker i whose skill level qirepresents the probability the worker performs her task correctly. Mathematically, if there are n tasks in the production of a good, and average production per worker with one unit of capital is 1 when all tasks are performed correctly, the production technology can be represented as: A) Give an example of an industry for which this might be a good model of production. What does this production function imply about the tradeoff between quality and quantity of labor in a given task? In this, how does it differ from a Cobb Douglas production function? B) Find the marginal product of increasing the skill of the ith worker. Suppose now there were two firms in the same industry that will bid for workers, and can pay them differentially according to…
- There was once a tree on the Campus of Benedict College that students labeled the “Dummy Tree.” This was done because students that were often seen under the tree were considered to be wasting their very valuable time. Therefore, this tree was attributed with contributing to the bad grades of those students that were constantly under the tree. Let’s say that a student spent 4 hours a week under the tree and was supposed to spend 15 hours a week in class. Further suppose that this particular student made some new friends through out the semester that are bad influences. They were able to convince him to hang out longer under the tree. So now he is under the tree 7 hours a week. What happened to his class time? Show a production possibilities model that may have demonstrated this student’s behavior. Do not forget to include opportunity costs in your analysis.Sketch a graph to illustarte your idea of each of the following relationships. Be sure to label both axes appropriatley. In each case explain uder what circumstances, if any, the curve should shift. 1. The amount of fertilizer added to an acre of land and the amount of corn grown on that land in one growing season 2. An automobile's horspower and it's gasoline mileage (in miles per gallon)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!
- Microeconomics - Budget Line (BL) Ethan is a collector of pokemon cards and stickers. He has $56 given by his dad to spend on his collection. The store sells them at $14 per pokemon cards and $7 for the stickers. 1. If Ethan spends all his money on pokemon cards, what is the maximum unit that he can purchase based on the given budget? 2. If Ethan spends all his money on stickers, what is the maximum unit that he can purchase based on the given budget? 3. Show in an illustration where pokemon cards is in the x-axis and y-axis is the sticker.please only do: if you can teach explain steps of how to solve each part what is the optimizatio formula to use for foc? please solveSuppose that Verania and Josimar are roommates that need to complete some household chores. Vacuuming and washing dishes need to be done. They know from the last time they did these chores that it takes Verania 2 hours to vacuum and 1 hour to wash dishes. It takes Josimar 3 hours to vacuum and 2 hours to wash dishes. Josimar says it does not matter which task each of them performs because Verania is faster at both tasks. Josimar’s reasoning a. is wrong. Because Verania has a comparative advantage in washing dishes, she should wash dishes, and Josimar should vacuum. b. is correct. Because Verania is faster at both tasks, there is no benefit in each volunteer specializing in one task or the other. c. is wrong. Because Verania has an absolute advantage in both tasks, she should perform both tasks herself. d. is wrong. Because Josimar has a comparative advantage in washing dishes, he should wash dishes, and Verania should vacuum.
- When using the social ecological model, which of the following would be considered part of the "exosystem" of influence on an individual's physical activity? O Personal factors O public policy O Institutional factors O Exosystem does not exist in the social ecological model If you have a client who wants to work out on his own, which of the following method of prescribing exercise intensity you should recommend to be more accurate? O Rating of perceived exertion (RPE) O Talk test O % Age predicted HRmax O % Heart rate reserve (measured)2. Compare and Contrast. Identify two modes of doing the same thing where one involves a more technologically advanced method. Example would be snail mail vs. e-mail. List down as many examples. Brainstorm with a partner if a less technologically sophisticated mechanism can actually turn out to be better in terms of reaching for the good life. Is the more technologically advanced always better?Given that Sandy can produce 10 economics reports or make 2 sales calls and Tim can produce 2 economics reports or make 1 sales call, we can conclude that, Group of answer choices 1. Sandy should specialize in economics reports, and Tim should specialize in sales calls. 2. Sandy should produce both economics reports and sales calls since she cannot possibly gain from trade with Tim. 3. Tim should produce both economics reports and sales calls. 4. Tim should specialize in producing economics reports, and Sandy should specialize in producing sales calls.