What is law of constant in micro and macro economics also explain law of increasing return in nutshell?

Q: People often sell goods (or raffle tickets) as part of a fund raising project. These projects typica...

A: A fundraising project is defined as an event with the objective of raising money for a given cause. ...

Q: (1) For demand function Q, = a-bP and supply function Q, = dP-c, using Cramer's rule determine equil...

A: Equilibrium price and Equilibrium quantity result out from market equilibrium which state that suppl...

Q: For a given level of national income, a decrease in private consumption or government and the flow o...

A: The Solow Model of economic growth or the neo classical model of growth This model is also known as ...

Q: In a perfectly competitive market, the market price is $2, and firms are producing 100 units. At a q...

A: In a competitive market, the firm produces output where P= MC and for given price it gets the payoff...

Q: Instruction: In the left column, list examples of goods or services where demand is greater than sup...

A:                                                                        DEMAND > SUPPLY (i)  Mor...

Q: An economist working for Amazon wants to test how well the "99-cent pricing strategy" works. To do s...

A: Since you have multiple questions, we would answer the first one for you. To get answers to the rest...

Q: loans e) The bank also has a stated policy of not allowing the overall ratio of bad debts on all loa...

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

Q: Use the following assumptions to solve this assignment: 1. There are three countries - Argentina, Br...

A: 1) It is given that each country has 60 hours and a country needs 2 barrels of crude oil. This impli...

Q: 01

A: There are three stages of production,and they are important for businesses to understand and analyze...

Q: This monopolist will charge a price (of)

A: A monopoly is a market structure in which there is only one seller, that enjoys significant market p...

Q: hetical payoff matrices show the profits (in millions of dollars) for each company. In the absence o...

A: All answers given below,

Q: 8. Your cat's summer kitty-cottage needs a new roof. You feel a 15-year analysis period is in line w...

A: Annual Worth (AW) Analysis is characterized as the equivalent uniform annual worth of all assessed r...

Q: Suppose the majority of the shares of Apple Inc. were sold to a Japanese firm. If everything else re...

A: [1]Given, shares of Apple Inc of US. If shares are sold to Japanese firm then there will be flow of ...

Q: Cartels have a difficult time maintaining their output agreements because an individual firm has an ...

A: Oligopoly: It is a market where there will be only some sellers and a large number of buyers availab...

Q: he December 13, 2005, press release of the Federal Open Market Committee (FOMC) stated that it “deci...

A: Given: A rise in the federal funds rate by 25 basis points to 4¼ percent

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: A house is purchased for P 2,000,000 in 2002. The value of the house is given by the exponential gro...

A: Here, it is given that value of house is following the exponential growth model. So, A=2,000,000e0.6...

Q: In this problem we have considered two government schemes: A price floor is established and the gove...

A: In the given table, equilibrium price is achieved when quantity demanded is equal to quantity suppli...

Q: Q Search this Homework (Ch 10) Supply Demand Supply Demand QUANTITY (Units) than the With this type ...

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

Q: pool will cost $2.5 million to construct and will cost $300 000 per year to operate, but willbi bene...

A: A and B part solved below,

Q: It is not unusual for a country like ours, Philippines, to be hit by disasters like hurricanes. When...

A: Rational expectation hypothesis says that people make decisions by taking all the past experience an...

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: she maximises subject to a constraint: C = w(1 – t)(h – 1) + T 1, C, t and T are wages, hours of tim...

A: *Answer:       

Q: Find out the annual and overall change in price ($/litre) of gas oil, diesel oil, and naphtha and ex...

A: In this world the usable energy is of two types:- Renewable energy sources and non -renewable energy...

Q: What is the importance of stages of production?

A: There are 3 stages to the production process which are as follows: 1. "Output increases at an increa...

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: 1. On the graph below, show a price ceilling at $3. a. Illustrate and identify the resulting XS supp...

A: "As per the guidelines answer is given to the first question" 1) "Price ceiling is a limit on price ...

Q: a. What price will prevail in this market? 10 b. What quantity is produced? 10 smoothies c. How much...

A: Demand is an economic theory that refers to a consumer's desire to buy products and services as well...

Q: Suppose that the unemployment rate is 10 percent, and the employment rate is 63 percent in an econom...

A: The participation rate is the percentage of the population that is either working or actively lookin...

Q: of the domestic Ceteris paribus, an increase in the domestic money supply leads to currency, thereby...

A: The total volume of money that is being held by the public at a specified point of time in an econom...

Q: BC1 BC2 D Good X If the budget constraint shifts from BC2 to BC1, then A the consumer decreased the ...

A: A budget constraint is a graphical representation of all conceivable combinations of two commodities...

Q: 1. Explain the importance of Sovereignty in a State. 2. Discuss the necessity of the Government in a...

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

Q: Activity 2. DIRECTION: Illustrate/draw examples of normal goods and inferior goods on their respecti...

A: Normal goods Inferior goods 1. A normal good is one that generates more demand and hence enhances ...

Q: As more economic development occurs, A. capital accumulation decreases. B. the population growth rat...

A: economic development of events, the cycle by which straightforward, low-pay public economies are cha...

Q: What is land? What os the importance of land in our day to day life?

A:

Q: Please show in two side by side graphs the connection between the multiplier and the AE curve (aggre...

A: Aggregate expenditure is teh total demand or summation of consumption , investment , government spen...

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

A:

Q: Johnson’s pig farm faces a demand curve given by Q = 40 – 2P and has a constant marginal and average...

A: Answer: Given, Demand function: Q=40-2P Average cost=Marginal cost= $15.50 Let us convert the demand...

Q: The adjustment process for an economy experiencing an inflationary gap involves wages, unit costs an...

A: The inflationary gap is a type of GDP or output gap, it refers to the difference between actual GDP ...

Q: A reduction in the tax rate might lead to an increase in the growth rate of potential output if... O...

A: Generally a reduction in tax rate is considered the fiscal expansionary role of central government w...

Q: 6789 Based on the table, what is total revenue for John's Tricycle Company if it produces at its pro...

A: Marginal revenue is the total change in TR due to a unit change in output .  MR = TR(n) - TR( n-1) 

Q: 1. Which one is fixed and variable input? Table 4.1 The Use of Labor, Capital, and Related Output Am...

A: 1) Fixed input is when the amount of input remains the same while variable input is when input diffe...

Q: 18 of 27 The Great Depression of the 1930's and the Great Recession from 2007 to 2009 are two major ...

A: The great Recession and the Great depression are the two major economic downturns in the history.

Q: Market for ABC company’s clothing ABC clothing company produces clothing that is sold online and in...

A:

Q: A man bought a machine for $ 535705 six years ago. It has a salvage value of $ 36957 four years from...

A: We have,

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: 6. Using the costs in the table above (question #4), what quantity should the firm produce at the fo...

A: Answer -

Q: Compare and contrast the three black leaders: Booker T. Washington, WEB Du Bois, Marcus Garvey.

A: If we consider the history of the American economy then black people can be considered here as the m...

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: Relate Human Dignity in Science and Technology

A: Progressively, whether or not a few types of research, like human cloning, encroach on thoughts of h...