What is a characteristic of an unemployed person?   An unemployed person _______.

Q: 1. What information do we gain by isolating the income and substitution effects from each other when…

A: There are 2 ways to explain the substitution effects  a) Hicksian substitution effect b) Slutsky…

Q: 1. The broader economic factors is also called micro-economics. Group of answer choices True…

A: Since you have provided multiple questions, we will solve the first question for you. If you want…

Q: Consider the following supply and demand curves: Demand: Price = 50-3.5*Qd Supply: Price = 20+.5*Qs…

A: To find the subsidy bill we firstly need to find the final equilibrium quantity after the subsidy is…

Q: The Fisher equation implies the real interest rate equals expected inflation expected inflation…

A: In economics, the Fisher Effect equation is a potent tool. The relationship between nominal interest…

Q: Classify the following goods as normal or inferior and provide a justification.  (It might be…

A: Introduction Normal goods are the goods which have positive income effect. In case of normal goods,…

Q: Describe the business environment in the city or country that you live in. You should explain…

A: Private and public sector businesses coexist in India's commercial environment, where the average…

Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…

A: GDP The market value of all financial goods and services produced in a domestic territory over a…

Q: A fixed capital investment of 12,000,000 pesos is required for a production plant and an estimated…

A: The net gain or loss of an investment over a given time period, expressed as a percentage of the…

Q: If the cost-of-living index is 270 in Miami, the real value of a $59,400 per year job offer in Mian…

A: # Cost of living index in Miami = 270  # Cost of living index in San Diago = 300 # Formula for real…

Q: Draw CASH FLOW DIAGRAMS for the GIVEN AND REQUIRED/FIND. Begins the solutions by writing the…

A: The formula that will be used to solve the given question: Equal payment series compound amount…

Q: Explain the difference between fiscal policy and monetary policy. What are some of the reasons these…

A: The central bank's actions to regulate the money supply are referred to as monetary policy. To…

Q: A consumer of two goods has indirect utility v(p, w) = P₁ 1/2 + P₂ (a) Find the indirect…

A: An indirect utility function is the utility or satisfaction that a customer derives from a product…

Q: Profitability Index A project has an initial cost of $40,000, expected net cash inflows of $12,000…

A: Hence the answer

Q: In a market with perfect competition, 1. Prices are set by businesses. 2. Businesses confronting an…

A: Theoretically, perfect competition creates a monopoly that enables a business to set any price…

Q: The local goverment unit is planning to construct a steel foot bridge in Davao City. The estimated…

A: Given  Construction cost (initial cost at t=0) = P400M Annual maintenance cost of the bridge…

Q: According to W. Gillepse, "A minimum of expenses is of course, highly desirable; but the road which…

A: According to W. Gillepse, the cheapest route is not always the one that has cost the least amount of…

Q: Provide FOUR (4) examples of items that would be included in calculating GDP. Be sure to include…

A: GDP by Expenditure Method = personal consumption Expenditure + Gross private Investment + Government…

Q: 2. Contractor BTT submitted its Progress Billing No. 4 to the Project's Owner. Under the contract as…

A: In Financial economics, Progress billing refers to an accounting technique where the client is…

Q: The table below shows the per unit prices and marginal utility for the last unit of waffles and…

A: In economics, it is assumed that individuals are rational and take the decision which is in their…

Q: You are considering going to a football game. However, the roads are cover in ice due to bad…

A: Utility Function : U(Z) + U(D) = ln (Z - 3) - ln(2-D)  Also it is given that , D = 1  So utility…

Q: If average total costs are minimized for a single, unique quantity of output, then industry. If…

A: Market structures comprise any of the several market features that govern how sellers interact to…

Q: 1. Consider a wine dealer who has k bottles of wine. The dealer can sell them now (t = 0) or can…

A: Given ,  Value of (k) bottles in t-th month : Vt =ket Risk free rate = r Putting values into the…

Q: An electromechanical machine manufacturer has a demand function for his machines: P(q) = 5,500 -…

A: Profit depends on the equation profit = Total revenue - Total cost. As a result, a company optimizes…

Q: With the news that the construction industry is on the rise again in the U.S., the major car…

A: The supply of pick-up trucks increased due to major car manufacturers increasing the production of…

Q: Can You show the sollution for letter C please? Thank you!

A: We have given that the $400 will be paid over  a period of 7 years  That means the future value (FV)…

Q: Explain why the short-run marginal cost curve must intersect the average variable cost curve at the…

A: Marginal cost is the additional cost bear by the producer for the production of an additional unit.…

Q: Consider two individuals, Dave and Eva. Both Dave and Eva have initial wealth 810, 000 and face a…

A: In the study of economics, the term utility can be defined as the total satisfaction or benefit that…

Q: Julia has usual preferences over X and Y, and, at current prices and income, she spends 1/2 of her…

A: Consumer preferences are said to represent the subjective (individual) tastes of distinct good…

Q: What are the main components of measuring GDP with what is demanded? (briefly)

A: A country's Gross Domestic Product (GDP) is the market price of all finished (final) products and…

Q: The average propensity to consume refers to the Group of answer choices percentage of income spent…

A: Consumption is the function of income. It is positively related to income.

Q: Economists often say that goods tend to have more elastic demand when they have lots of close…

A: Given information U=αXδδ+(1-α)YδδPrice of X=P1Price of Y=P2Consumers income=MBudget…

Q: How much do you have to deposit now with a second deposit in the amount of $700 at the end of the…

A: There are two cash flow diagrams in this question.  First cash flow: year 0 deposit = A0 and year 1…

Q: 44. True/False: Net exports = exports plus imports. True/False: The estimated market value of…

A: We know that Export can be defined as the total amount of commodities and services sold outside the…

Q: The Lewis model is criticized for assuming that real urban wages are constant and that migration and…

A: The Lewis model defines a path where an economy that is developing can foster a new "capitalist…

Q: Kiwidale Dairy is considering purchasing a new ice- cream maker. Two models, Smoothie and Creamy,…

A: To solve this problem, let us assume that the minimum acceptable rate of return (MARR) which makes…

Q: Customs administrations play several roles in national development, in protecting society and in…

A: National Development  National development is the capacity of a country to raise the standard of…

Q: It takes one hour to travel from Manila to Laoag by air, but it takes 10 hours by bus. Airfare costs…

A: Opportunity cost is the cost in terms of other goods for eg: here time. We can go either by bus or…

Q: Average Fixed Cost (AFC):

A: Fixed cost is a part of total cost which is there or fixed weather output produced is zero. fixed…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: # The Australian national rugby union faces 2 demand functions:  1) Q = 120 - 2P (at non…

Q: What are the excel formulas used

A: From equation 1 The short-run production function is q=-0.6L3+18L2+10L Cost function: C(L)=100L+800…

Q: the duratic You borrow $50,000 today at a rate of 5%. Today, inflation instantly rises to 7% and…

A: Here, given information is, Borrowed money (P): $50,000 Interest rate (i): 5% Inflation rate: 7%,…

Q: A manufacturer has a steady annual demand for 11,520 cases of sugar. It costs $5 to store 1 case for…

A: Annual demand = 11,520 cases of sugar costs $5 to store 1 case for 1 year $ 32 set up cost to…

Q: You borrowed ₱85,000 from your friend that you will pay back in 4 years and 4 months. Interest is…

A: Given: Amount borrowed = P85000 Interest rate = 10% compounded quarterly.

Q: Multiple Choice The effectiveness of a board of directors in monitoring managers will be enhanced by…

A: The Owner's equity alludes to the proprietor's investment in a resource after all liabilities have…

Q: 2. Why are telecom industries across different economies in the world, in general, oligopolies?

A: An oligopoly is a form of market structure in which there are few large sellers for a homogeneous or…

Q: When the price of good Y increases from $2 to $3, the quantity demanded for good X decreases from 20…

A: "Cross-Price elasticity of demand between two commodities indicates how responsive is the demand for…

Q: Consider a small open economy country that produces cars. The world price of cars less than the…

A: Tariffs are imposed on the cheaper imports from the rest of world. The tariffs raise the price level…

Q: For the following statements, identify whether it would be included or excluded in calculating GDP.…

A: GDP is made up of commodities and services generated for market sale as well as certain non-market…

Q: Josel's PPF is defined by 3QF +2QG = 12 where is the quantity of fish caught and QG is the quantity…

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

Q: The graph below shows the market for labor (coal miners). New coal-mining equipment is invented that…

A: Labor and capital are two factors of production that can be used in producing the goods and…