What is meant by flexibility in economic terms?

Q: Suppose the demand function for smart phones is given by Q(P) where A> 0 and 1-a a > 1. Use calculus…

A: Answer

Q: bank with no excess reserves has a target reserve ratio of 0.15 and has $120 reserves. Assuming its…

A: Reserve ratio is the part of demand deposits which is kept as the reserve by the bank. The reserve…

Q: What is the present value of $100 realized two years from now if the interest rate is 10%?

A: Present worth is the concept that describes an amount of money today is value greater than that same…

Q: fecting the demand for a specific good?   a.     Consumer income. b.     Pop

A: The overall change in the total quantity present in a market at a particular time is the quantity…

Q: QUESTION 18 Two firms are operating in an oligopoly. Both firms are considering an expansion of…

A: In a sequential game, players move in turns: one player makes a move and then the other players…

Q: For the question below use the following figures which illustrate the production possibilities…

A: The production possibility curve depicts the combination of two goods that a nation can produce by…

Q: 4. Which of the following is the correct interpretation of the multicollinearity test? a. Since vif…

A: Answer :-  Option (c) is correct :- c. Since yif>10, the null hypothesis of no multicollinearity…

Q: My question is, First of all, from the data shown in the table about the demand for graphing…

A: The elasticity of demand refers to the change in quantity demand due to a change in price. This…

Q: The transmission mechanism for contractionary monetary policy implies that:   a.     Australian…

A: The transmission mechanism is the cycle through which monetary policy choices influence the economy…

Q: Answer the following questions using the table below.   Real Output Nominal Output GDP deflator…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: generated in a good production process, the main issue will be:   a.     That consumers will be…

A: Externality is a situation when the third party is affected by the production or consumption of a…

Q: According to the college board the average in state tuition and fees for public four year colleges…

A: The percentage change in the indicator is relative change. The display of an absolute change in…

Q: Consider a general Cobb-Douglas production function q= LK, and assume the firm produces q-qo. Which…

A: Ans. Correct answer is option - (c) if we arrange the options a, b, c , d, e from above. We can say…

Q: For a supermarket, would the overtime paid to the store's manager be classified as a fixed cost?…

A: Sellers must pay various factor payments to the producers of products and services in order to cover…

Q: The table below shows the payoffs for two firms competing on price (a Bertrand duopoly). Firm A and…

A: Nash Equilibrium is the best strategy played by both players in order to gain maximum profits…

Q: In the Mundell-Fleming model with a floating exchange rate, what happens to the following variables…

A: Mundell-Fleming model is an extension of IS-LM model. IS-LM model represents the equilibrium economy…

Q: Money is not an economic resource because:    a. Money, as such, does not produce anything.    b.…

A: Money is a good that serves as both a store of value and a medium of exchange, according to economic…

Q: A county will invest $4,100,000 to clean up a chemical spill that occurred following a natural…

A: Benefit-Cost Analysis (BCA) — likewise called CBA or cost-benefit analysis beyond North America — is…

Q: What is stock exchange

A: Capital is a crucial component in starting any business. The quantity of financial assets that the…

Q: Discuss if the following statements are True or False. Justify your answer in each case. • The…

A: 1.The statment is: "FALSE" Because if there is a higher number of vacancy rates they must reduce…

Q: Distinguish between nominal and real exchange rate in an open economy. Explain with the aid of a…

A: The rate at which one currency will be exchanged for another is known as the exchange rate. It is…

Q: Assume that the following data describe the condition of the banking system. Use this information to…

A: Answer (a) M1 = Transaction deposit + Cash held by public  M1= $900 billion+ $500 billion M1= $1400…

Q: Given the utility function U(1, 2) = x₁²x₂²₁ c/2/2, which of the following does NOT represent a…

A: Given the utility function U(1, 2) = 2 , a monotonic transformation of this utility function would…

Q: In 54 months time you expect a cash flow of $3 million. Calculate it’s present value (PV) given the…

A: Present value is the amount of a normal revenue source or income limited at the current pace of…

Q: .Why should MC curve cut MR curve from below to achieve producer's equilibrium?

A: a.Why should MC curve cut MR curve from below to achieve producer's equilibrium?

Q: demand (D), marginal revenue (MR), and marginal cost (MC) curves for the monopoly firm. e the black…

A: A monopoly is a firm who is the sole seller of its product, and where there are no nearby…

Q: Suppose that the Money Supply is currently at $13,000, and that Money Demand is given by: MD= 23,000…

A: Money Demand : MD = 23000 - 2000r  Money Supply : 13000  Equilibrium in the money market is achieved…

Q: Use the diagram above to answer the next two questions: 1. What is the profit-maximizing price and…

A: A monopoly firm opeartes at the intersection point of MR and MC in order to maximize profit  Hence,…

Q: a.Examine the ways in which a business might use information about the different elasticities of…

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

Q: Question 8. In the absence of externalities, allocative efficiency is achieved at the Q where TR =…

A:

Q: If the analysis rate is 12%, compute the value of X that makes the two alternatives equally…

A:

Q: Who introduced utility

A: Utility is characterised as the whole satisfaction a customer experiences when utilising a good or…

Q: TC = 4,500 + 5Q2 MC = 10Q What is the average total cost equation? a. b. C. d. ATC= 4500Q + 5 ATC=…

A:

Q: The demand for a good is QA=200+0.3I-PA+2PB, where QA is the quantity demanded of Good A, I is the…

A: Given  Demand for good A: QA=200+0.3I-PA+2PB               .... (1) PA and PB are the prices for…

Q: Austin's total fixed cost (TFC) is $350/month at his cupcake bakery.  Austin employs 10 workers and…

A: The amount of output produced determines the fluctuation in variable costs. Labor costs are one type…

Q: 3. Given the Export supply function of two goods q, and q; below: Qs=q₁-39₂ Subject to constraints…

A: Objective function must be maximized subject to the constraints. Objective function is linear, thus…

Q: (in thousands) Refer to the above Figure 15 which shows cost curves, a marginal revenue (MR) curve…

A: Monopolistic competition is the market structure in which there are large number of sellers selling…

Q: 10.27 Party and Right Direction (Example 40) Suppose a polling organization asks a random sample of…

A: 10.27. Suppose a polling organization asks a random sample of people if they are democrat,…

Q: Suppose the economy is initially in a long-run equilibrium. Using the AD-AS framework, show…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: If perfectly competitive firms are producing at a profit-maximizing level of output where the price…

A:

Q: Your manager is only concerned with selling her product for the highest price possible under profit-…

A: In the mentioned question we have been asked to calculate the market price and tell which market to…

Q: True or False : Every finite extensive - form game of imperfect information admits at least one pure…

A: False. A counter-example is the game of chicken.   Explanation:   In game theory, the game of…

Q: A small the shop ind at a sales x ties per day its marginal MP(X) dollal per tie, MP(X) = 1.40+0.02x…

A: We are given :  *Marginal Profit function: MP(x) = 1.40 + 0.02x - 0.0006 x2 * When x =0 , the firm…

Q: An investment of $20,000 expected to produce an annual income of $5,000 for 10 years and to have a…

A: Investment = 20,000 Annual Income = 5000  Life = 10  Salvage Value = 4000  Therefore we can use the…

Q: An equipment is purchased for $83.000 and is expected to have a salvage value of $23,500 after 7…

A: Depreciation refers to the decrease in value of an asset over the use due to various reasons such as…

Q: 30 International Trade is different from internal trade because of the A Manufactured goods involved…

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

Q: 11. Mary Kate Corporation allows Ashley Company to use Mary Kate's trademark as part of Ashley's…

A: DISCLAIMER  " Since you have asked multiple question , we will solve the first question for you. if…

Q: for anybody to copy and use. The TC per bottle for production up to 100,000 bottles per day is given…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first 3 subparts for you. If…

Q: Answer quickly please fast

A: The central bank is responsible for controlling and regulating the supply of money in an economy by…

Q: Price/costs 150 140 130 120 110 100 90 BO 70 60 50 40 30 20 10 0 299 AC 123456789101112131415…

A: The equilibrium price is the main price where the plans of customers and the plans of makers concur…