What is one necessary role of government in a market economy? O to tax goods and services that are most desired by consumers O to maintain subsidized housing for low-income households O to provide services such as pensions O to enforce property rights

Q: Which broader measure of underemployed labor is largest? A. discouraged workers. B. people…

A: Unemployed are those people who falls in the working age bracket, are abled and willing to work,…

Q: Suppose that Sony Corporation has developed a new all in one, easy to use, big screen computer / TV…

A: Given,  Two Players : Sony and Samsung Sony has developed a big screen computer/TVDemand for BCTV  :…

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A: Two features of economy are -  1) wants are unlimited  2) resources are scarce  so rational decision…

Q: Consider a consumer with preferences over two goods X (represented on the horizontal axis) and Y…

A: The utility is the satisfaction which is derived from the consumption of commodities.  The utility…

Q: Price (S) 52 48 44 40 36 32 28 24 20 SI 10 20 30 40 50 60 70 80 Quantity 1. In Figure 4, a) Is $48 a…

A: When talking about price ceiling or price floor, it can be said that it is the price control by the…

Q: 90 85 Price ០៣៩៣៩៥៩៦តៗទាវវគ 80 65 60 55 50 45 40 35 30 25 20 15 10 $75; Market for Laptop Chargers…

A: The maximum willing price for a good or service is referred to as the reservation price. It is…

Q: Re-draw the table above and add two columns one showing the Marginal Physical Product and the other…

A: Marginal Physical Product is the extra output that we get when we increase our labor force by one…

Q: A dairy farmer's milksolid production is sensitive to the use of barley when the output elasticity…

A: Output elasticity of barley is 2.1

Q: Given the utility function U = X0.5+Y0.5 and budget constraint I=Px X+ Py Y, (a) Is this utility…

A: According to guidelines if multiple questions are given then we have to solve only first 3 The…

Q: The economy has an annual inflation rate of 3.5%. It will take approximately how many years for the…

A: Inflation rate = 3.5%  Number of years

Q: Think about how marketing might have evolved ten years ago if big data and predictive analytics had…

A: Predictive analytics and big data may have benefited marketing strategy ten to fifteen years ago.…

Q: 1.1 Which represents the law of demand: a shift of the demand curve or a movement along the demand…

A: According to the law of demand, which is a cornerstone of economics, customers will demand fewer…

Q: The consumers in the economy buys only two general types of products: Apples, and Bananas. Price…

A: The consumer price index (CPI) measures changes in the general level of prices of goods and services…

Q: In a complex assembly operation, it is found that the learning curve rate is 85%. The standard time…

A: According to the given question, we have the learning curve rate is 85% or 0.85 . And it is given…

Q: Question 27 (Figure: Price Ceiling 2) Price $50 30 20 0 B) $25 10 15 20 (C) $20 -Price Ceiling D In…

A: In the free market, the equilibrium price and quantity is determined by the forces of demand and…

Q: Use Exhibit to answer question Price PB Po Ps B C Size of tax per unit F Supply Demand Quantity…

A: Answer: The burden of tax/ Tax burden: The burden of tax refers to the amount paid by a consumer or…

Q: What is your personal stand regarding the approval of the "Rizal law" What is the relevance of this…

A: The study of Rizal's works and life is needed  under the Rizal Law, commonly known as RA 1425, as…

Q: The market for high-quality, one-hour impressions of Cher can be described using the demand and…

A: An illustration of how markets function and how producers and consumers communicate is supply and…

Q: What is Money? What makes it useful? Explain its primary and derivative functions of Money? explain…

A: Answer: Money: Money is anything that is generally accepted as a medium of exchange, a measure of…

Q: Scenario 5-2 Milk has an inelastic demand, and steak has an elastic demand. Suppose that a…

A: Decrease in the population of the dairy cow and beef cattle will result in the supply to decrease…

Q: In the PPF below, if the economy moves from point A to point B, opportunity cost will A Hybrid cars…

A: Opportunity Cost is the value that we lose by choosing one alternative over other. Slope of PPF…

Q: Why is the short run marginal cost curve U- Shaped?

A: The time frame is which at least one of the inputs (factors of production) is fixed but the other…

Q: 7. PPF Lumber and Clothing There are 10 million workers in country A, and each is capable of…

A: Given  Total number of available workers in the country is 10 million Each worker can either produce…

Q: Richard York makes the following claim:    "Social perceptions of the environment are affected by…

A: Changes in the size and circulation of populaces and related prevailing difficulty as, for instance,…

Q: A bank made a farmer a loan of $1,400 at 16% for three years compounded annually. Find the future…

A: Future value refers to the total amount that will accrue over defined time frame when that principal…

Q: Barney deposits $3000 in goliath national bank for 3 year which earn him an interest of 8%. What is…

A: As given Present worth = $3000 and interest rate = 8% FV = PV(1+r)n where FV is future worth PV is…

Q: The table shows data for China and India for the year 2015. Compute the rGDP per capita to determine…

A: GDP per capita of a country = (Total GDP of the country) / (Total population of the country) It is…

Q: If the average variable cost is $23 and the average fixed cost is $12, what is the average cost

A: The quantity of labor and capital a corporation uses to produce its output determines the cost of…

Q: Problem 1 - Revenue and Cost Calculations A manufacturing plant operation has fixed costs of…

A: The total cost of producing and providing a good or service to customers is referred to as cost of…

Q: What is the present worth of a perpetuity of P10,000 annually if money is worth 10% compounded…

A: To find the present worth of annual perpetuity payments we use the formula of Capitalized Cost but…

Q: Assume that the cost to produce x school T-shirts is given by C(x) Ex+750 and the T-shirts are sold…

A: Breakeven position is reached where the total revenue is equal to the total cost. Or the profit is…

Q: Dana was dating Wade, a wealthy real estate entrepreneur. Wade was much older than Dana and knew he…

A: A contract occurs if a promise was made by a promisor to a promisee and the promisee was adversely…

Q: 12. What are the four factors of production? Thanks asap do it

A: Factors of production: -We know that  factors of production are the resources used to produce goods…

Q: If the economy were operating at point F (inside the PPC) O the opportunity cost of producing 20…

A: Ans. The Production Possibility Frontier(PPF) shows all the possible combinations of two goods when…

Q: Hasmi has an income of $100. a. Draw their budget constraint when the price of Ais $1and the price…

A: A budget line which represents the budget constraint shows various combinations of two goods a…

Q: Question 5 If the market price for i-Pads saw an increase of 20% and the elasticity of supply is…

A: Elasticity of supply measures the responsiveness of quantity supplied to changes in price.

Q: 2. Assuming the inner curve is our current production possibilities frontier, points J, N and K…

A: The production possibility curve shows the different combinations of two goods that can be produced…

Q: fer to Figure 9-1. Relative to the no-trade situation, trade with the rest of the world results in…

A: In monetary economics, the no-trade hypothesis expresses that if. markets are in a condition of…

Q: Which of the following statements is (are) CORRECT? An international bank with a presence in…

A: Banking: Banking is defined as the business of conducting economic activities such as accepting and…

Q: At which point does the SMC curve cut the SAC curve?

A: The change in total cost per unit of change in output is known as short-run marginal cost (SMC).…

Q: The most frequently reported price index is O the personal consumption expenditure (PCE) deflator O…

A: Inflation is the sustained increase in the general price level of goods and services in an economy…

Q: The most common measure of annual production for an economy is: Select an answer and submit. For…

A: In an economy, annual production is the total amount of output generated in an economy within an…

Q: 4. According to the Solow growth model, what kinds of public policies should governments of…

A: The Solow-Swan model or exogenous development model is an economic model of long-run financial…

Q: If the price elasticity of demand for gasoline equals 0.3, then qn increase in the price of a gallon…

A: Price elasticity of demand  The quantity requested sensitivity to price is gauged by the price…

Q: On Coral Island in 2019, the labor force is 12,000, the unemployment rate is 10 percent, and the…

A: Formula to be used: Labor force participation rates =Labor forceTotal working- Age population ×100…

Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: Consider a small open economy country that produces cars. The world price of cars less than the…

A: Tariffs are imposed on the cheaper imports from the rest of world. The tariffs raise the price level…

Q: How does the unemployment rate behave over the business cycle?   The unemployment rate _______.…

A: A business cycle, also referred to as a trade cycle or economic cycle, is a progression of phases…

Q: 8. Jones Corporation borrowed P9,000 from Brown Corporation on Jan. 1, 1978 and P12,000 on Jan. 1,…

A: Cashflow shows the stream of cash we get within the period. It includes the cash paid and cash…

Q: Which is true for a "rational" individual, who maximizes her payoff? She may or may not play a…

A: The dominant strategy is the best course of action and it provides the maximum outcomes irrespective…