What are the determinants of elasticity?

Q: Suppose real GDP is growing at a rate of 3%, and money supply is growing at 6%. What is the…

A: Answer; Answer = 3percentage

Q: lack Sparrow and his wife consume wine (W) and books (B). lack Sparrow's utility function is…

A: A point in the Edgeworth Box lets you know the amount of every great every purchaser gets. Any point…

Q: In recent years, almost all new job creation in the United States has occurred in the sector.…

A: The process of creating new jobs, particularly for those who were previously unemployed or inactive,…

Q: Investors typically use which of these ratios in their analysis of a company's earnings potential?…

A: The answers are: Price ratios Return ratios

Q: Antitrust legislation in the United States is contained in the of 1914 and the Act of 1914. Onone of…

A: The laws whose main purpose is the promotion of competitiveness, fairness and regulation of…

Q: d. What was the growth rate of nominal GDP between 2019 and 2020? What was the growth rate of real…

A: (a) Nominal GDP in 2019=14×18+15×11=$417  and Nominal GDP in  2020=16×13+17×12=$412   (b) real GDP…

Q: 1. According to Robert Reich, what is the goal of a business? a. Preserving the environment b.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Lotteries result in the distribution of income

A: Income Inequality is defined as the unequal distribution of income in an economy. It is the…

Q: In the Baumol-Tobin view of the transactions demand for money Economic agents do not adjust their…

A: In economics, there are different models to explain the nature of money in the market and in…

Q: 4. Measuring Risk: Suppose you have a risk free asset with return ry = 5%. Additionally, t whole…

A:

Q: A firm has a short-run total cost function given as STC =q³5q² + 25q. a. If P = 100, identify the…

A: Answer; a)   Profit maximising quantity , q = 15   Profit = 1125   b)   Profit…

Q: assume your price is equal to marginal cost and marginal cost slopes upwards. in the short run, a…

A: Perfect competition is a market in which there are a large number of buyers and sellers, all of whom…

Q: = - 5. In a recent strategy meeting, the Chief Operating Officer (COO) had asked you to report on…

A: Profit = TR - TC Profit for Firm 1: P1 = q1(125 - 0.25q1 - 0.25q2) - q12 P1 = 125q1 - 0.25q12 -…

Q: Suppose that the central bank observed a drop in real GDP, but does not know what caused this drop.…

A: The real business cycle theory explains two major industries Money supply concepts include: The…

Q: In a perfectly competitive market for a good with a downward sloping demand curve and an upward…

A: The measure that depicts benefits or costs that are not being not received or incurred financially…

Q: 1. The Following equations describe an economy: Y=C+I+G C = 240 +0.5(Y-T) I = 200-10r G = 100 T = 80…

A: GDP is the sum of consumption, investment and government spending in a closed economy. At…

Q: What is the profit maximizing /loss minimizing rule a firm should follow regardless of the market…

A: If pricing is less than average total cost but larger than average variable cost, a company avoids…

Q: Which of the following does not describe a proprietorship? Owned by one person Has unlimited…

A: A sole proprietorship is an unincorporated business with only one owner who pays personal income tax…

Q: Study sheet:    Chapter 2: The Power of Trade and Comparative Advantage Absolute Advantage…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: The task to complete is to create a scenario in which a monopoly might form and analyze that…

A: Market refers to the place where the buyers or sellers come together to meet each other for…

Q: 1. If X=87, o=9, and n=69, construct a 99% confidence interval estimate of the population mean, μ.…

A: For know variance we used the normal distribution and for unknown variance we uses the t…

Q: Because this market is a monopolistically competitive market, you can tell that it is in long-run…

A: Brand differentiation and monopolistic competition are inextricably linked. In a field characterised…

Q: Education determines the skill of the worker. High-skilled workers _______ compared to low-skilled…

A: The demand and supply of labor are determined in the labor market. Workers supply labor to firms in…

Q: Income mobility measures changes in the required commuting time for a cross-section of workers. is…

A: Economic mobility refers to how a person's financial situation varies through time.

Q: If negotiable orders of withdrawal were $2793 higher and saving deposits were $3602 higher, M2 would…

A: Money Supply refers to the quantity of money supplied in an economy.. The money supply comes in many…

Q: 2. Use the data below to do a 3 year and 5 year mov Explain what happens to the data. Year Data 1996…

A: *Answer:

Q: Suppose that the long run TC function is as follows: TC=1000+10Q² (and total cost is 0 if Q is less…

A: Given, TC = 1000 + 10Q2MC = dTCdQ=20Q Price, P = 300

Q: Explain the theories of Max weber in industrial relations shortly.

A: Max Weber was a German sociologist who felt that bureaucracy was the most efficient and rational…

Q: If current real GDP = $52 trillion and potential real GDP = $61 trillion, then the “GDP gap” = Group…

A: GDP measures the value of goods and services that are produced with in the country during a period…

Q: B Price (dollars b с d 0 h MC D MR Jk Quantity (units per week)

A: In a monopoly, there is a single firm producing a unique product. The firm has full control over the…

Q: A multiproduct monopoly firm sets __________prices than separate monopoly firms when the products…

A: A single seller is referred to as a monopoly. In economics, a monopoly is a firm that offers a…

Q: Consider an AS AD diagram.  What would happen in the model if Energy prices increased? Group of…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: 1) Analyze the core competitive industries of Bangladesh? In this field, does Bangladesh adopt a…

A: Bangladesh is a growing economy, GDP the economy is increasing at a higher rate. Their manufacturing…

Q: 2. The opportunity cost of holding assets as money Suppose you've just Inherited $10,000 from a…

A: Answer; Ans 1) Interest rate =8, opportunity cost= 800 Interest rate= 10, opportunity cost=…

Q: Why do countries place restrictions on international trade?

A: Introduction :  The exchange of commodities and services between countries is known as international…

Q: A cartel can be formed as a tacit collusion when: none of the other answers are correct. firms…

A: Tacit Collusion : The situation of tacit collusion cartel can be defined as when the competitors do…

Q: In the market for reserves, if the Federal Reserve Bank increases the required reserve ratio, this…

A: Required reserve ratio:- A required reserve ratio can be explained as the percentage of assets which…

Q: A. $107 billion surplus.

A: The  Balance of payments include current account, capital account and financial accounts.…

Q: If a binding minimum wage is implemented in an economy, we can expect. to decrease, resulting in…

A: Supply is an essential monetary idea that depicts the aggregate sum of a particular decent or…

Q: ne . Question 1 Question 2 Question 3 O www.wa + 188 Price P P Slide 2 of 6 A ECO-205 As...) O'Neill…

A: Demand curve shows a negative relationship between price and quantity demanded. Supply curve shows a…

Q: 3 2 Variable Input the diagram of product curves suggests that Multiple Choice when marginal product…

A: In the above diagram, curve 1: Marginal Physical Product curve. Curve 2 : Average Physical Product…

Q: 1. Let preferences of both individuals be given by log(c) + log(c₂). Suppose that the endowment…

A: Consumer preferences basically refers to as subjective (individual) tastes for distinct bundles of…

Q: For some years, Mel has contracted with several major pizza retailers for home delivery services. He…

A: Given,  Two Delivery Services : Current Van and New VanMARR : 12% Current Van : Purchased 10 years…

Q: Explain the theories of Karl marx in industrial relations shortly

A: The term "industrial relations" refers to the working connection between employers and employees.…

Q: Suppose a discriminating monopolist is selling a product in four separate markets in which demand…

A: Given, the demands in the monopolistic firms: Q1 = 300 – P1; P1 = 300 - Q1 Q2 = 200 – 0.5P2;  P2 =…

Q: 13. Kruber company located Tennessee considering two different makes of a blow molding machine for…

A: Given:   Machine X Machine Y Initial Cost $150K $275K Annual Operating Cost 55K 60K…

Q: In an Open Access equilibrium of fishers maximizing their​ profits, new fishers will continue to…

A: an Open Access equilibrium of fishers maximizing is considered as an competitive market.

Q: Write about the stages of building an economic model (econometrics methodology

A: The quantitative application of statistical conclusions, economic theory, and mathematical models to…

Q: How should countries operate relative to their investment opportunities?

A: Introduction Many investors allocate a percentage of their portfolios to international investments.…

Q: Consider a bond without an expiration date that makes a fixed interest payment of $210 per year.…

A: Bond yield is calculated by dividing the face value of a bond by the amount of interest it pays to…