What is division of labour? Discuss some of the types of division of labour?

Q: , the fund manager had a go stments earned $15m. Today. had a bad day: their investme s the fund man...

A: *Answer:    An investment is an asset which helps an individual to increase the net earnings in an a...

Q: The market demand function for wheat is Qd= 1O - 2Pand the market supply function is QS = 4P-2, both...

A:

Q: easha Pratt will graduate from high school next month and cannot decide what she wants to do. She ha...

A: Economic decisions are those decisions in which people will choose what to do with limited resources...

Q: Make at least one example that shows the following in investment: Ten principles of economics Porter...

A: Answer 1. In his book Principles of Economics, Gregory Mankiw lays out ten economic principles, whic...

Q: a. Distinguish between legally required reserves and excess reserves.  b. Why don’t banks hold a 100...

A: The correct answer is given in the second step.  

Q: what is the name of this practise instance? 22) Bindy, an 18-year-old high school graduate, and Luci...

A: Answer -

Q: How does the hypothesis of diminishing returns (MP &AP) influence the behaviour of costs (MC & AC)?

A: In economics, diminishing returns (also known as decreasing marginal returns) refers to the decrease...

Q: Who favors John Maynard Keynes theories currently and how are they applied? Could you also include t...

A: John Maynard Keynes was an English economist whose ideas revolutionized macroeconomic theory and pra...

Q: What were Milton Friedman’s economic theory’s general principles and who did he advise?

A: Milton Friedman was basically an American economist who advocated for free market capitalism.During ...

Q: Briefly define the four dimension of globalization.

A: International ties are forged in business, politics, culture, society, and the environment. Analytic...

Q: c) Please find below Pricing options for firm A and B, along with individual payoffs (Firm A's payof...

A: Given pay off Matrix  

Q: MC ATC MR Quantity The diagram portrays Multiple Choice the equilibrium position of a competitive fi...

A: Competitive market refers top a market where there are many buyers and sellers in the market selling...

Q: Pork belly strips and lettuce are complementary goods because most of the time they are enjoyed toge...

A: Here, it is given that lettuce and Pork belly strips are complementary goods in consumption.

Q: Under what conditions are oligopolists likely to reach the cooperative outcome? Select an answer and...

A: Oligopoly is such a market condition where there are few big sellers and they are selling homogeneou...

Q: Suppose that • y =100 (income today) y' = 150 (income tomorrow) • r = 10% (interest rate on bonds) •...

A: Answer -

Q: Suppose the demand for dollars (in exchange for euro) is given by the equation: D= 180 +0.020 Y -550...

A:

Q: According to the Islam (2000) article "Comparative Advantage and Trade Balance in U.S. Agricultural ...

A: The author Islam talks about the comparative advantage and trade balance with respect to US Agricult...

Q: A manufacturing company plans to replace an existing production line with a newer and more energy ec...

A: Annual Savings in year 1  = Energy Saved* Price of energy  = 200,000*0.1  = 20,000 Now value of thes...

Q: (c) Is U a homogeneous function? If so, what's its degree? If not, please explain.

A: Given  Utility function: U(x,y)=Aaxr+byr1r             .... (1) We have to check whether the functio...

Q: Circle the Nash equilibrium. Network 2 Sitcom Game show Talent show Network 1 Sitcom (55%, 45%) (52%...

A: In other to find the nash equilibrium, underlying the maximum payoff to a player given the action of...

Q: Assume that the most efficient production technology available for making vitamin pills has the cost...

A: OUTPUT TC MC ATC 25,000 1,00,000 0.50   50,000 1,50,000 1   75,000 1,87,500 2.5   1,00,000 2...

Q: What is risk selection and discuss any 2 methods chat can be used to eliminate this.

A: Risk Selection  A related worry is risk selection, which occurs when insurers are incentivized to av...

Q: Briefly describe the demirits of state enterprise in the field of national income?

A:

Q: What would you recommend (strategy/course of action to assist workers who would lose their jobs owin...

A: Firms in the stage of the inefficiency of the minimum wages, have to reduce over the overall efficie...

Q: Q 3 953 — 9P — ЗР + 9P + 2M y The relevant price and income data are as follows: Р — $4/unit, Р., $1...

A: Demand : quantity is a function of price. Inverse demand: price is a function of quantity.

Q: what you see as "your" strengths and shortcomings for becoming a social entrepreneur.This is again e...

A: We show The great thing àbout mistakes is that even if you need to see whàt is around you, your oppo...

Q: For demand function Qd = a - bP and supply function Qs = dP - c , using Cramer’s rule determine equi...

A: given that, demand function Qd = a - bP supply function Qs = dP - c 

Q: Good X If BC2 is the relevant budget constraint, then which of the following bundle(s) is(are) affor...

A:  A budget constraint shows the amount of goods that consumer can purchase with given set of income  

Q: uppose that the market demand for a certain product is given by P=370−2QP=370−2Q, where QQ is total ...

A:

Q: Prepare a graph to shows your order point determination.

A: Calculation of the reorder point of order:- Reorder point = [Average inventory cost per day * time o...

Q: What was Milton Friedman’s work?

A: When talking about economists, Milton Friedman was the popular economist who gave many economic theo...

Q: (11) Assume two firms with the same constant average and marginal cost, AC= MC = 5, facing the marke...

A: In stackleberg duopoly one firm acts as a leader which is followed by other firms so as to maximize ...

Q: True or False a: Medicad and Medicare are examples of Regulatory policies. b: The social underclass ...

A: Medicaid and Medicare ade the related with healthcare of population . And they are different at the ...

Q: Does this mean the degree of financial support deter-mines election outcomes?

A: The majority of funding comes from small donations, wealthy individuals, political action committees...

Q: What is the importance of stages of production?

A: In economics, production is defined as a process in which various inputs and materials are combined ...

Q: - economy described by the following equations: C 1,600 + 0.9 (Y - T) P800 G 1,600 X200 T 1,600 29,0...

A: All A, B &, C part solved below,

Q: When the pharmaceutical companies began advertising directly to consumers, it was an example of The ...

A: The answer is as follow 

Q: Write down the merits of deductive method of economics? 300 words

A:

Q: DIRECTION: Enumerate 5 common public goods and services government provided with the taxes we pay. A...

A: Public goods are those that are non-excludable and non-rival in utilization. The public authority/go...

Q: Aidan and Celina are the only sellers of Jack Russell Terrier (JRT) in Antigua. Celina chooses her p...

A: Aidan knows how Celina will react and chooses the number of JRTs that she herself will sell, q2, aft...

Q: In country Superland, its real GDP grows by 5% per year and its money stock grows by 12%, the veloci...

A: "According to the quantity theory of money, if velocity of money is constant then inflation rate is ...

Q: If a country (say the UK) has 900 units of labour available, can produce two goods (cars and PCs) an...

A: Opportunity cost is defined as the foregone benefit that would have been derived from an option not ...

Q: Consider a town in which only two residents, Alex and Becky, own wells that produce water safe for d...

A: [a] Profit is calculated by taking the difference between total revenue and total cost. Profit = TR ...

Q: Consider a "punishment" variation of the two-firm oligopoly situation shown in the figure below. Sup...

A:

Q: Charlie Cai promises to deposit a sum of $120,000 for his granddaughter's college education 18 years...

A: Given data,  FV = 120000 PV = 30000 n = 18 year. 

Q: Suppose the government borrows $20 million more next year than this year. a. Draw and fully label a ...

A: PLEASE FIND THE ANSWER BELOW.

Q: Assume that Sarah agrees to lend $100 to Sam for one year. Sam agrees to pay Sarah $117 at the end c...

A: As it is given that Sarah lends $100 for one year to Sam Sam after one year pays = $117 inflation o...

Q: Consider a market in which the demand curve is P = 12 -Q and the supply curve is P = 2 + Q. Suppose ...

A: Demand curve P = 12 -Q Supply curve P = 2 + Q At equilibrium point, demand = supply => 12 -Q = 2 ...

Q: QTFC TVC TC MC AFC AVCATC 10 4 4 4 Calculate Q when TVC = 4 Round to 2 decimal points. Do NOT includ...

A: Marginal cost is the  total change in cost due to one  additional unit of production . Whereas TC = ...