Q: please answer letter h. thanks!
A:
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A: There are majorly four types of economic systems. 1. Pure Command economy 2. Market economy 3.…
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A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
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Q: Figure 16-7 Price level P₁ P₂ P₁ LRAS LRAS (8 C SRAS, SRAS AD₁ AD₂ 0 Y₂ Ya Real GDP (trillions of…
A: Interest rate: - it is the percentage charge on the principal amount by a lender to a borrower.
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A: An economist is a person who analyses how individuals make choices and is interested in utilizing…
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A: Metropolitan fixation is characterized as the offer in absolute populace of the populace living in…
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A: The double declining balance method of accelerated depreciation is a type of accelerated…
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A: BCR is calculated by dividing the proposed total cash benefit of a project by the proposed total…
Q: 10 Discuss how according to Schumpeter innovations emerge and what role they play for the…
A: Since you have asked multiple questions, we will solve first question for you. In case you want any…
Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…
A: The agriculture sector is considered as the driver of economic growth in most of the developed and…
Q: If the payoffs from strategy Y are always greater than strategy X, Group of answer choices strategy…
A: In the game theory, payoff represents one's gain or loss from choosing a specfiic strategy when…
Q: Q2.2: (a): How much money should you be willing to pay now for a guaranteed $900 per year for 10…
A: In the first part of question we need to find the present worth of the one time payment to receive…
Q: Leopard golf clubs usually sell for $1300. At this price, the retailer can sell on average 20 sets…
A: Revenue optimization is a mixture of demand, pricing, and marketing strategies utilized to maximize…
Q: Suppose that the price-demand and the price-supply equations are given respectively by the…
A: At equilibrium the price is determined through market mechanism where demand and supply are equal at…
Q: Assume that a country is endowed with 2 units of oil reserve. There is no oil substitute available.…
A: * SOLUTION :- Given that , Marginal willingness to pay for oil is P = 8 - 0.61q Quantity= 2…
Q: CHOICES: a. Both statements are TRUE b. 1st statement is TRUE, 2nd is FALSE c. Both statements are…
A: The agricultural sector plays an important role in an economy. It is a primary sector that acts as a…
Q: Why it is important to investigate the relationship between migration and income inequality?…
A: Income difference (determined by the number of money individuals are paid) and wealth inequality are…
Q: 1. An investment company advertises accounts that actually yields 13% interest per year when…
A: Given the information: Actual interest rate = 13% Use the below formula: Nominal interest rate = m ×…
Q: How did you get 12503304.67 from 26.2
A: Let's understand this with the help of an example. If value of square root of x is 4 i.e., x0.5 = 4…
Q: 7. When two nations trade with each other, complete specialization by both nations will occur if a)…
A: A trading nation is a nation where international exchange makes up a huge level of its economy.
Q: Q.6 (b)Suppose there two goods 1, and 2 with prices p, and p, and the supply and demand functions…
A: Supply function and demand function in market 1 S1=3P1 D1=8-4P2-P1 Supply function and demand…
Q: When and why is it appropriate to have a congressional "supermajority" vote?
A: A supermajority is a revision to a company's corporate charter that requires a greater than usual…
Q: 7 Chapter Subject: Monopoly Should Amazon be regulated by the U.S. Government? Explain.
A: Monopoly A monopoly is a form of the market where there is a large number of Buyers and only a…
Q: Suppose the demand for oil is P=136Q-0.20. There are two oil producers who do not cooperate.
A: Given inverse demand: P= 136*Q-0.2 or P = 136/Q0.2 A cartel is like a monopoly and thus the optimal…
Q: There are thousands of wheat farmers who produce and sell wheat and there are millions of consumers…
A: The market is a location where the transaction of services and commodities takes place. It is…
Q: The market for Blu-ray movies is perfectly competitive, with the market supply curve given by O =…
A: Price elasticity of demand refers to the sensitiveness in quantity demanded due to tye change in…
Q: Machine A was purchased last year for $20,000 and had an estimated market value of $2000 at the end…
A: Given:- Two machines A and B purchased Machine A cost=$20,000Machine B cost=$14,000Salvage Machine…
Q: Question 3 Determine if the following statement is true or false and explain your answer. "Arrow's…
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A: The institutionalized support concept is primarily focused on improving or correcting societal…
Q: (a) Prove that competitive equilibria are always Pareto efficient. (b) Consider two-persons,…
A:
Q: 1. Consider the following picture showing a market in which there is a positive externality: PMC=S…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: True / False questions with EXPLAINATION. 1. In AD - AS model , if the government increases tax on…
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Q: What were the implications of the crisis on the financial industry? (Savings and Loans crisis in the…
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Q: 3. A profit-maximizing firm is perfectly competitive and is at long-run equilibrium. The output of…
A: A perfectly competitive market refers to one where a company may readily enter and offer a product…
Q: total cost of producing T-shirts can be represented as TC = 50 + 2Q. a) What is the marginal cost of…
A: The formula to compute total cost is given below: TC (total cost) = TFC (total fixed cost) + TVC…
Q: TP = 500 kº.7L0.4 B = 50,000 P₁ = 300 P₁ = 500
A: We have isocost equation as B = K*Pk + L*PL
Q: A decrease in the price level accompanied by no change in the money wage rate leads to movement…
A: So in the economy whenever there is a change in the price level the long run supply curve would…
Q: Stock ABC has a Forward for December at: $450, Is it reasonable that A PUT option on ABC, with a…
A: A forward contract allows you to buy or sell an asset at a predetermined price in the future. An…
Q: How is significant the relationship between migration and income inequality to the community, the…
A: Income Inequality refers to the condition where people residing within a specific area has unequal…
Q: Contracting company plans to update its equipment so that its trucks are replaced after five years…
A: Compound Interest When you earn interest on the principal amount of an investment, it is added back…
Q: In 2019 the total amount of currency in circulation was C = $1,745.10 billion. Demand deposits in…
A: The medium of exchange that is being used for carrying out business transactions and accepted widely…
Q: 7. Two firms produce identical goods, with a production cost of c> 0 per unit. Each firm sets a…
A: Gievn that each firm has same marginal cost C of production.
Q: Examples of Global North and South and give example on the countries that are situated in the…
A: The location of any country is very significant economically and socially. the availability of…
Q: All question are with regards to the following set up. There are two firms A and B. Firms compete in…
A: Given information Demand function P=18-qa-qb C=3q Firm B is domestic firm Firm A is foreign firm…
Q: Consider the economies of Hermes and Gribinez, both of which produce gobs of goo using only tools…
A: We can productivity in simple language say it is considered as that relative measure of the…
Q: Which of the following statements about the Law of Supply is most accurate? Question 14 options:…
A: Supply refers to the quantity of the commodity which the producers supply at various prices in the…
Q: Q2: A company plans to update its equipment so that its trucks are replaced after ten years from…
A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…
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- Agricultural price supports result in governments holding large inventories of agricultural products. Why do you think the government cannot simply give the products away to poor people?If inflation rises unexpectedly by 5, would a state government that had recently borrowed money to pay for a new highway benefit or lose?pls help with below homwrk queistions