What is Pareto efficiency and why do economists care about it? (Your answer should include both definitions and concrete examples.)

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A: Economics is an off-shoot of social sciences that explains how the production, consumption, and…

Q: The cost of an item is P200,000. Cost is P20,000 per year. What would be the capitalised cost of a…

A: Capitalized cost is the current value of future cash flows that will never end. Instances of…

Q: E1 (a) If the golf course wishes to implement a two-part pricing model, what membership fee will…

A: Please find the answer below.   REVENUE: In economics, revenue is the income a firm receives from…

Q: In general, How to recover from the Great Depression?

A: Depression is a severe and prolonged reduction in  economic activity in an economy. A depression is…

Q: When deriving labour supply, we assumed that the substitution effect dominated the income effect.…

A: Substitution Effect is defined as an effect which states that if the price of a good increases, the…

Q: Suppose the market for soft drinks is given by: Demand: P=181-1.7Q Supply:P=1.30 The government…

A: In a free market the price is determined by the forces of demand and supply. The government can…

Q: Despite providing the benefit of employment flexibility in some economies, a sizable informal sector…

A: An economy is a network of interconnected production and consuming activities that ultimately…

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A: As per student request I will provide answer of  Question number-1 in below.

Q: Question 45 of 50 The collapse of the U.S. economy demonstrated that: capitalism was losing ground…

A: US Economy build on laissez faire policies free trade and capitalism.in this type of economy…

Q: Suppose that the hourly wages in 1960 and 2002 were respectively 7.21 and 8.65 dollars per hour. If…

A: Hourly wage in 1960 = $7.21 Hourly wage in 2002 = $8.65 CPI 1960 = 100 CPI 2002 = 71

Q: Y6

A: Short run Philips curve is downward sloping, showing inverse relationship between unemployment rate…

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A: Three goods: Pizzas, movies, and lattes Three years: 2019, 2020, 2021   Prices per unit and…

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A: There are two players in the game - Row Player , Column Player  Strategy Set of Row Player = {r1 ,…

Q: With reference to the production possibility frontier: a) Draw a production possibility frontier,…

A: The curve for production possibilities shows various pairings of two commodities that can be…

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A: Please find the answer below.   ENFORCING CONTRACTS: The “Enforcing Contracts” indicator is an…

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A: given that, principal sum is Php1.500 interest rate is 11% the time period is from 03 October 2011…

Q: K9

A: Explicit costs are the actual out of pocket expenditures of a firm while implicit costs are the…

Q: demand is price elastic and price decreases, then Select one: O a. the extra revenue from the…

A: Elastic demand means demand is more elastic or its value is greater than that of one.

Q: If a 10% price rise causes a 20% decrease in the amount demanded, the price elasticity of demand is…

A: Introduction Given Information   Price elasticity of demand= 5.0 % change in Price = 10% change in…

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A: In a Cournot duopoly, firms take their actions simultaneously while in Stackelberg duopoly, one firm…

Q: You have just been hired by the U.S. government to analyze the following scenario. Suppose the U.S.…

A: Economics refers to the social science that studies the production, distribution, and consumption of…

Q: What are the benefits and costs associated with foreign portfolio investment (FPI)?

A: Investments refer to the process of people or firms using some saved up money for further production…

Q: Show the possible effect of this free entry and exit by shifting the demand curve for a typical…

A: Solution:- 1st Part)  ▪︎Firm's are not price takers- True Explanation- If there is perfect…

Q: Choose the incorrect statement from the following: tion Select one: O a. Producer surplus is the…

A: Producer Surplus refers to the difference in the price at which a seller is willing to provide a…

Q: 17. Cecil consumes x₁ and x₂ in fixed proportions. He consumes A units of good 1 with B units of…

A: Given information Cecil consumes 2 goods X1 and X2 Income=M He consumes in fixed proportion : A…

Q: Show on the graph how each of the following events changes the equilibrium interest rate by shifting…

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

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A: Wage reffers to regular payment in exchange of doing work or their service in monetory terms. Wage…

Q: 10. Lawrence has just won $6,250 from the 50/50 at the Sea Dog's game and decides to invest all of…

A: Given that, Principal = $6250 Interest = 6.5% Interest = $1480 (Compounded or Simple Interest) Time…

Q: Quantity Demanded (units) Price (dollars per unit) 250 200 40 150 80 100 120 50 160 200 Refer to the…

A: A consumer surplus occurs when customers pay less for a commodity or service than they are willing…

Q: How is the planning at Ikea (as a company)?

A: Introduction: IKEA used the concept of key performance indicators (KPIs) to identify its advantages.…

Q: After seven years of negotiations, 12 countries—including the United States, Japan, Vietnam, and…

A: A tariff is a sort of tax that a nation imposes at the border on an imported commodity. In the past,…

Q: Law borrowed $2000 from Bence at 8% per annum. After 6 year he cleared the amount by giving $2600…

A: Following is the given information: Borrowed amount = $2000 Interest rate = 8% Time = 6 years

Q: 1. Let F(K, AN) denote a production function that satisfies constant returns to scale. For an…

A: Given production function Y=f(K,AN) Labor augmented production function Y--- output K--- capital…

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A: There are two players in the game - Firm 1 and Firm 2  Strategy Set of firm 1 = Strategy Set of firm…

Q: Suppose that the hourly wages in 1960 and 2002 were respectively 7.21 and 8.65 dollars per hour. If…

A: Consumer Price Index The Consumer Price Index is an instrument by which we can measure the inflation…

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A: Given  At the price of 2550, the quantity demanded is 100 sacks of rice  At a price of 2000, the…

Q: denton productions limited utilizes statistical analysis to determine the optimal price for its…

A: Total Revenue = Price*Quantity Total Profit = Total Revenue - Total Cost

Q: In Vietnam in 2022, companies spend $7 millions, consumers spend $10 millions, government spends $8…

A: Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation…

Q: What is the meaning of a “colonial legacy” and what are possible advantages ?

A: The dominance of one culture, community, or country over another is referred to as colonialism. To…

Q: a) $126

A:

Q: Can we trust financial intermediaries?

A: In most cases, financial intermediates function as middlemen in transactions involving banks or…

Q: $1,900 D $1,000; $1,000 $1,200: $1,000 $1,000; $1,200 $1,000 $1,800 g the data given in the table…

A: WHAT IS GDP DEFLATOR? GDP Deflator is also called as GDP Price Deflator or Implicit Price Deflator.…

Q: If the unemployment rate is falling from 4 to 3%, while the inflation rate is increasing from 2% to…

A: Monetary Policy is the process of implementing certain policies that influence the money supply in…

Q: The Great Resignation: What does it mean for the economy?

A: The phenomenon known as "The Great Resignation" refers to the unprecedented amount of workers…

Q: Would a sizable nation with growth that was anti-trade biassed experience immiserizing growth?

A: The term "anti-trade bias" typically refers to the claim that import-competing industries are…

Q: INFLATION RATE 2 4 6 8 UNEMPLOYMENT RATE (Percent) SRPC 10 The long-run effect of the central bank's…

A: Aggregate Demand (AD): Aggregate interest is the amount of labor and products that families, firms,…

Q: paying simple interest of 11% per year. Julia will make the same two deposits, but the N$ 1 000 will…

A: Interest rates typically falls at the time of recessions as loan demand slows, bond prices increase…

Q: Illustrate and explain how the short-run supply curve of a price-taking firm is determined.

A: In a price taking firm, the demand curve is a straight line parallel to x axis which is equal to…

Q: c.If your goal is to eliminate target the welfare of the "average person", what sort of welfare…

A: A subfield of economics called welfare economics employs microeconomic methods to assess overall…

Q: A banking institution has $80000 in deposits. There are $6,000 in actual reserves, of which $2,000…

A: The minimum return an investor will take for owning a company's shares in exchange for taking on a…