What  happens to consumer surplus when the supply curve moves left?   Question 2 options:   Since P goes up and Q goes down, it increases   Since P goes up and Q goes down, it decreases   There is not enough information to tell   All other answers are incorrect

Q: Henry bakes loaves of bread, which he sells for $5 each. He is considering purchasing additional…

A: The market is competitive so, the price of good is given and equals to $5. MP(L=2) = TP(L=2)-TP(L=1)…

Q: Assume that a basket of goods consists of 10 Chalupas, 2 Pepsis, and a package of Rolaids. Year…

A: Consumer price index measures the value of market basket of goods and services bought by a consumer.

Q: A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost…

A: Given, p(q) = -0.8q +1716 C(q) = 54.53q +4519 items produced = 814 need to calculate Marginal…

Q: which of the following are functions of the Federal Reserve System? Check all that apply O…

A: Supervising member banks: Following the establishment of rules and regulations, supervision—which…

Q: Which of the following Exchange Rate Regime allows for government intervention in the market for…

A: In flexible exchange rate, the price of the currency is determined by the forces of demand and…

Q: Sherry has a goal of retiring with $371,060 by making weekly deposits into an investment account…

A: Given future value = $371,060 annual interest rate = 1.6% Weekly interest rate for weekly deposits =…

Q: Assume the government makes no fiscal policy changes when the economy experiences a downturn. Which…

A: In the mentioned question we have been asked what would be expected when the economy is turndown.

Q: A bank features a savings account that has an annual percentage rate of r = daily. Anna deposits…

A: The total of the future investment returns discounted at a specific level of rate of return…

Q: Billco had a total cost of $10,000 when it sold 200 units.  It had a total cost of $14,000 when it…

A: Total cost is the sum of Fixed cost and variable cost. Fixed cost is the cost that remains same at…

Q: 10. Suppose that a monopolist faces a linear demand curve having a vertical intercept of (0,a) and a…

A: Given information  Demand curve is linear demand curve  At the mid segment price and quantity in…

Q: How can the real business cycle model explain the behavior of the money supply over the business…

A: The measure that depicts decline and growth in the nation that is being measured by its gross…

Q: Suppose a monopolist faces a demand curve D(p) = 10 - P. It has no variable cost, but it incurs a…

A: Demand function : D(p) = 10 - P  Quasi fixed Cost = 9  Profit function = P*Q - 9

Q: A country whose National Saving is greater than its Investment will experience a ) Trade deficit (IM…

A: Trade surplus occurs when exports (X) exceed the imports (IM). Trade deficit occurs when imports…

Q: Discuss whether and why the educational systems in many developing countries have led to…

A: Income inequality basically refers to the degree to which income is allocated unequally among a…

Q: A manufacturer of automobiles is planning a new model and wants to determine the responsiveness of…

A: The percentage change within the quantity demanded of a given product because of a percentage change…

Q: Given a government budget, a recession increases the federal deficit due to autmatic stabilizers All…

A: A recession is a period of falling real GDP.

Q: Explain the market conditions of oligopoly and the decisions made by firms in oligopoly  Explain how…

A: In oligopoly marker, there is many number of buyers but only few number of sellers.There is product…

Q: Kyle is a grade 5 student currently taking his modular class at home since the pandemic happened in…

A: Between 5th and high school its 7 years Amount saved = 500Php twice a month Interest rate (i) =…

Q: Consider the stage game shown in Table "SPNE in a repeated game". Suppose this game is played twice.…

A:

Q: 4. Suppose the total revenue function is 4x2 + 3x + 2. Find the average and marginal revenue. In…

A: Given  Revenue function: y=4x2+3x+2            .... (1) We have to find average revenue, marginal…

Q: 13. This question corresponds with the demand and supply curves below for good X Demand: P-900-700…

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied, that is at the…

Q: 1. George maximizes expected utility and he has a von-Neumann-Morgenstern utility function u (c) =…

A: Utility = c1/2  Initial Wealth = $1000 success rate = 9% If successful then payoff = $100,000 Payoff…

Q: Consider a hypothetical market for milk. The market is perfectly competitive. A equal, what happens…

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

Q: If  Y =C+I+G  C = 120 + 0.5 (Y-T) I= 100 -10r G = 50 T=40   What is an IS Curve? What factors…

A:

Q: Treasury bill rate is 2%, and the expected return on the market portfolio is 8%. Using the capital…

A: According to question below information given that : treasury Bill = 2% Market Portfolio = 8%

Q: Reduce the matrix into 2x2 and compute for the value of the game.

A: Given ,  Two Players : A and BA's Strategies : A1, A2, A3, A4, A5 and A6B's Strategies : B1, B2 and…

Q: A small print shop is investing in new printing equipment that will cost $30,000. They estimate that…

A: Answer; Given that :-       A small print shop is investing in new printing equipment that…

Q: One policy response to the economie slowdown in Canada in 2008-2009 wan to increase money growth.…

A: IS-LM model is the model which shows the interaction between good market (IS curve) and the money…

Q: 1. When the federal government spends more than it takes in via taxes, it runs a fiscal deficit. A…

A: A budget basically refers to a financial plan that covers a certain time period, generally a year.It…

Q: 4. Let money demand, (M/P)d-0.6Y/i.' a. Calculate the velocity of money when the nominal interest…

A: In macroeconomics, the money supply refers to the total volume of currency held by the public at a…

Q: Raising the minimum wage will   Question 9 options:   No other answer is correct   Make all low…

A: The minimum wage is the least amount that employers compulsorily need to pay in order to receive…

Q: A monopolist faces two separate markets and can price discriminate accordingly. The demand in the…

A:

Q: Three firms are bidding for the rights to provide cable television services. The demand for cable…

A: Given,  Demand function : P = 100 - Q  Firm 1 AC : AC1 = 10  Total Cost = 10 Q  Firm 2 AC : AC 2 =…

Q: IS-LM Model: Based on your understanding of the IS-LM model, graphically illustrate and explain what…

A: Monetary expansion refers to the expansionary monetary policy That is implemented by the central…

Q: Consider the following demand curve for good X which is produced by Firm 1 and 2: Price=100-2*0₁-2₂…

A: We have two firms with same demand and different cost functions.

Q: Differentiate between private goods, public goods, common resources, and externaliti

A: Private Goods: Private goods are those goods that are privately owned and manufactured. In the…

Q: In the multiple regression model, the assumption of no perfect collinearity is best described as:…

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

Q: Aggregate Demand I: Building the IS LM Model-End of Chapter Problem Although our development of the…

A:

Q: D. r$ = 20%

A: Interest rate Parity condition holds When domestic interest rate is equal to foreign interest rate…

Q: A $5,900 balance in a tax-deferred savings plan will grow to $108,679 18 in 50 years at an 6% per…

A: PV = 5900 Interest rate = 6% n = 50  Income tax = 28%

Q: 12. A consumer likes two goods, x and y, and has the following utility function, U= 2√√xy. What is…

A: Slope of IC is the MRS where we can find the MRS using the marginal utilities of goods.

Q: Question 41 We found in our Ricardian lecture that the pattern of trade between countries was…

A: The measure that depicts the exchange of goods and services between two countries is known as trade.…

Q: Suppose a basket of goods costs $50 in the U.S. and €20 in France. What exchange rate, in dollars…

A: "According to the purchasing power parity, exchange rate (domestic currency units per units of the…

Q: Suppose the country of Nickeltown decides to increase government spending. In which of the following…

A: When the country of Nikeltown decides to increase government spending ,then the policy would be most…

Q: In Costa Rica, which has 1,000 residents, 400 people do not currently work. Of these 400 persons,…

A: Answer; Total Population = 1000   No Of Unemployec = 400   No Of Employed = 600   150…

Q: When the government borrows funds in financial markets to pay for budget deficits and interest rates…

A: Fiscal policy is use of government revenue and spending to influence the economic activity. The…

Q: Should DAMC consider other foreign investment strategies, like strategic alliance, joint venture…

A: Even though the pandemic represents a "detour" from the globalization trend, DAMC should investigate…

Q: PPP fails in reality for all the following reasons except what? O Monopolistic or oligopolistic…

A: Answer is given below

Q: A manufacturer has $600 to spend on the production of a certain product and knows that if "x" units…

A: We have to maximize the output given the cost constraint. Output function = 120x4/5Y1/5 Cost…