What are two advantages and one disadvantages of using cash as THE MAIN medium of exchange?

Q: Economist Richard Thaler describes economics as the sum of two parts. What are these two parts?

A: Richard H. Thaler is an economist from the United States. Thaler is a researcher who specializes in…

Q: Question 9 TC $13 $12 $1 $10 $9 $8 10 $15 14 $25 19 $45 $75 $115 25 30 35 $165

A: For a monopolist, profit is maximized when the marginal revenue is equal to marginal cost.  Total…

Q: If Canadian exports of goods and services were $30 billion, imports of goods and services were $24…

A: When talking about current account balance in terms of international trade, it can be said that this…

Q: 3.1. Explain, with the aid of examples, the following economic concepts in terms of utility theory:…

A: Utility means satisfaction which is derived  by the consumption of goods and services . There are…

Q: Your company borrows $800,000 and will pay it back at 10% APR of real interest compounded monthly.…

A: Amount borrowed = $800,000 Interest rate = 10% Adjustment for inflation would be 4% Payment would be…

Q: - Discuss the three pillars of the neoclassical economy. How are they linked? Describe in terms of…

A: The answer to both these questions is as follows:-

Q: Assume that a firm in a competitive market faces the following cost information. If the market price…

A: Firms in perfect competition are price takers as there are a large number of firms selling identical…

Q: Suppose that the money supply will grow by 2% in Japan over the next five years. Velocity is…

A: Given: Growth in money supply=2% Velocity=constant Growth in real income=3%

Q: 7 Discuss the difference between excludability and rivalry when analyzing a good/service from a…

A: Public goods refer to those goods which are nonrival and nonexcludable. It means one person's…

Q: Jane is the general manager at a new café and wants to hire a few baristas. The going rate for…

A: Jane would generally pay $9.55 per hour as this is the price that is already prevailing in the…

Q: e the following graph for a competitive market to answer the question below. The horizontal axis…

A: A price floor to be binding always set below the equilbirum price. The equilibrium price is where…

Q: The HAC at Humberview has decided to sell Gatorade to raise money.  The demand function is described…

A: Profit is maximized where marginal revenue equal to marginal cost.

Q: Suppose that there are two firms producing a homogenous product and competing in Cournot fashion and…

A:

Q: 2. In a couple sentences, explain the definition of GDP. What kinds of spending are included, and…

A: Out of all the components of GDP, net exports is the most important component as it determines the…

Q: Does the price control mechanism (price floor and price sealing) to a resource shortage provide an…

A: Yes, the price mechanism gives a positive and negative feedback loop.

Q: Why would versification over purchasing one stock? Please provide a detailed example.

A: Answer- Versification over purchasing one stock with example- There are many mis conception about…

Q: Question has two parts please answer both the parts: i): supply ii): Laws of supply iii):…

A: i): Supply:

Q: spending is the part of the budget that works its way through Congress each year and includes…

A: Governments, organizations, and people all use budgets to estimate income and spending for a certain…

Q: are consumption affect the money demand?

A: In an economy, money demand refers to the economic term to describe the need of the money to an…

Q: Suppose the supply function is given as Qs = -6 + BP. I. Construct a supply schodule if prices are…

A:

Q: Solve: 1. A/G, 15%, 9 2. 4. P= ?, rate of increase = 2%, i=10%, n=20 P/G, 10%, 7 3. F/G, 7.2%, 10 5.…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: When inflation rises and nominal wages grow with the rate of inflation. Do you younger households…

A: Nominal wages, sometimes known as "money wages," refer to pay rates that have not been adjusted for…

Q: The graph below shows the demand for nectar in Gardenia. 20 16 12 8. 4 40 80 120 160 200 240 280…

A: We can find the demand function from the demand curve by using the intercepts

Q: The following diagram represents market for a normal goud. Demand and Supply Price $10 $9 $8…

A: [a]Equilibrium is attained where demand = supply.Thus, equilibrium price is $5 and equilibrium…

Q: Gaynor is the only manufacturer of gas pumps that automatically refill. Gaynor can earn a profit on…

A: In short run the firm will earn abnormal profits as Price is above the average cost in the market.…

Q: Given the demand function D(p) = 375 – 2p, Find the Elasticity of Demand at a price of $24

A:

Q: Which of the following would cause AD to shift inwards? Select one: a. a fall in the rate of…

A:

Q: Question 4: In order to recover economy from fluctuation, the governments and central banks often…

A: Instability in the economy is caused by many factors and the government tru to stabilize the economy…

Q: Suppose that the monopolist can produce with total cost: TC = 200. Assume that the monopolist sells…

A: Price discrimination is the practice of a monopolist of charging different prices for the same good…

Q: How profit is different from the incorporating normal profit and when the normal profit is into…

A:

Q: Question 20                  Use the following graph to answer questions 20–25.     For the graph…

A: Question 20 The answer is - d) None of the above represents a change in the quantity demanded with…

Q: A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…

A: Initial Cost of sprinkler = 70,000 Annual Savings = 50% ( 1% of 700,000 + 0.9% of 600,000)  = 6200…

Q: QUESTION 39 Suppose that the money supply will grow by 2% in Japan over the next five years.…

A: We know that as per the Quantity Theory of Money, MV = PY M = money supplyV = velocityP = priceY =…

Q: The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage value.…

A: Given:   Day wise Yearly Days of operation 300 Tires   24000 Gasoline 900 270000 Oil 80…

Q: It is possible for a monopolist's to earn economic profits even in the long run due to:    a. its…

A: Monopoly is a market arrangement in which there is only one vendor of a good with complete market…

Q: 2015 2016 2017 2018 2019 2020 GDP in Current US$ 18,238.30 18,745.08 3 21,433.22 (Billion) GDP in…

A: Solution- 2015- Nominal GDP per capita=Gross Domestic Product/Population…

Q: Explain the inherent limitation that the power of taxation is an inherently legislative function

A: When a taxing agency, generally a government, levies or imposes a financial burden on its residents…

Q: Mr. Hernandez wants to provide a series of 18 yearly allowance for his 1-year old daughter starting…

A: According to the given problem, the cash flow diagram is given below Currently, his daughter is 1…

Q: A publisher plans to boost the sales of its most popular magazine by sending out promotional mails.…

A: Confusion matrix can be defined as the table that is used for describing the performance of a…

Q: What are the 2 pros and 2 cons of a stronger dollar policy on the American economy

A: The United States' strong dollar strategy is based on the concept that a strong dollar exchange…

Q: In which industry is the firm a price taker: a. monopolistic competition b. oligopoly O c. pure…

A: In a perfect competition there are large number of sellers and buyers and movement of one seller or…

Q: Jerry had been drinking all evening at the Bonger Bar and became visibly intoxicated. The bartender…

A: Answer and explanation according to the situation described in the Question above :-

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A:

Q: Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and…

A: A corrective tax is a market-based strategy choice utilized by the public authority to address…

Q: 5) The First cost of a passenger bus is P800,000. Its estimated life is 4 years with no salvage…

A: The annual worth or AW method refers to the value for an alternative, comprising of two prime…

Q: A 5-year bond with a yield of 6% (continuously compounded), with a face value of $100, pays an 3%…

A: Bond Price = C(1-(1+r)-n/r ) + F/(1+r)n Here, C = Coupon payment = 3 F = Face value = 100 r = 6% =…

Q: Referring to table 1.1, the opportunity cost of producing 10 brushes is... a. 10 combs b. 1 comb C.…

A: The curve that depicts all combinations possible of two goods that could be produced using given…

Q: Elixir Spring's mineral water is unique and highly prized. The firm's total fixed cost is $4,000 a…

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: two following alternatives should be chosen using the following methods? DRAI Pamper pipes P 75,000…

A: *Answer:

Q: Which is correct - Space tourism by billionaires:  proves that intelligent life exists only on…

A: Space Tourism helps in providing the tourist with an ability to experience travelling in space or to…