What is target market?

Q: The measure of GDP for economic growth is not always perfect.Describe any two problems that are asso...

A: Solution: Gross domestic product GDP (Gross domestic Value) is the total value of goods and services...

Q: A production possibilities curve (PPC) represents the maximum amount of two goods or services produc...

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

Q: What action should be taken when unacceptable error is found in tracking a forecast?

A: Forecasting is the method of predicting future trends in the economy by analyzing the present and pr...

Q: Two major virtues of the market system are that it:         allocates resources efficiently and allo...

A: The market system is the collection of buyers and sellers who are trading different goods and servic...

Q: Some analysts consider oligopolies to be potentially less efficient than monopoly firms because at l...

A: Answer - Need to find - Some analysts consider oligopolies to be potentially less efficient than mon...

Q: Markets in which firms sell their output of goods and services are called         resource markets. ...

A: The exchange of goods  & services takes place in the market. Sellers sell their goods to increas...

Q: Suppose a firm has demand and supply are given by: Qd = 17−  2Px and Q s = 4Px  − 1   c. How much ta...

A: The tax revenue is the amount that is collected by the government through the tax. Given tax rate = ...

Q: Where there is asymmetric information between buyers and sellers:        product shortages will occu...

A: Asymmetric information refers to incomplete or missing information. This occurs either on the seller...

Q: Describe a situation, either a government policy situation, an economic problem, or a private sector...

A: The CPI measures total price level of good and services, which a consumer buys in an economy. The CP...

Q: Give three reasons why the aggregate demand curve slopes downward.

A: Answer - Reasons for AD curve to be sloping downward:- 1. Wealth effect:- According to this money su...

Q: The price of aspirin rose sharply last month, whilethe quantity sold remained the same. Five peoples...

A: If supply(SS) or demand(DD) curve Is perfectly inelastic then they are a vertical line. If DD curve ...

Q: The expected value of an investment: Answer a. Is what the owner will receive when the investment is...

A: Investment: It refers to the amount of money that has been invested in the short-term and long-term ...

Q: How does entrepreneurship affects the economic well-being of many people and what is the task of ent...

A: If the business environment is receptive to innovation only then are the gains of entrepreneurship a...

Q: The time inconsistency of policy implies that a. what policymakers say they will do is g...

A: Time Consistency Policy: In this policy, an opportunity or the incentive to renege is lacked by the ...

Q: "Government failure" is a prominent topic in:         public choice theory.        Keynesian economi...

A: Government failure refers to the situation in which intervention of the government creates inefficie...

Q: The Jakarta Post - Coordinating Maritime Affairs Minister Luhut Pandjaitan said he wants to push for...

A: In the answer, we will understand the different equilibrium quantity and prices set in the monopoly ...

Q: The estimated supply function for avocados is Q = 58 + 15p − 20pf, where pf is the price of fertiliz...

A: The supply function mathematically represents the relationship between the quantity supplied of a go...

Q: Explain graphically how indifference analysis can be used to derive a demand curve.

A: A demand curve can be explained as the curve which shows the quantity of goods that can be purchased...

Q: When the price of a bond equals the face value: Answer a. The yield to maturity will be below the co...

A: The bond is a security of debt under which the issuer owes a debt to the holders and also obliged to...

Q: The demand and supply equations for the apple market are: Demand: P- 12 - 0.01Q Supply: P-0.02Q wher...

A: The demand and supply functions are P=12-0.01QP=0.02 Q

Q: The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stab...

A: Open market operation refers to the selling and buying of government bonds by the central bank.  

Q: Which of the following two effects of a decrease in the tax rate on saving would raise savings? ...

A: Answer - Need to find - Which of the following two effects of a decrease in the tax rate on saving w...

Q: Solve the attachment.

A: In Perfect price discrimination the DWL is equal to zero. Hence, no DWL in Perfect price discriminat...

Q: Suppose the economy is in long-run equilibrium, as shown on the following graph. Now suppose a wave ...

A: When there is business pessimism in the economy then the spirit will be negative and hence aggregate...

Q: Specify and explain the typical shapes of marginal-benefit and marginal-cost curves. How are these c...

A: Marginal Benefit is the willingness to pay of a consumer for additional unit of goods and services. ...

Q: C = 450 + 0.4YI = 350G = 150X = 70Z = 35 + 0.1YT = 0.15YYf = 1550Q.2.2 Calculate the size of the mul...

A: The multiplier is change in the aggregate income due to injection or withdrawal in the economy. 

Q: A died intestate, survived by his wife, B, and several children, X, Y and Z, by a Chinese wife. B su...

A: No, the transfer will not be revoked by the court on the basis of fraud.

Q: A group of firms that gets together to make price and output decisions is called. Single choice.   ...

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first question. If ...

Q: Which of the following investment strategies involves generating a higher expected rate of return th...

A: Through taking more risk the return will also increase too much or decrease to much.

Q: Henry wants to buy a book.  The economic perspective suggests that Henry will buy the book if       ...

A: The economic perspective suggests that the resources available for use are scarce in nature. People ...

Q: Suppose the tax rate on interest income from saving were reduced.   a. The income effect, bu...

A: Interest income: It is the amount of interest earned during a particular period of time.