What is producer surplus? How is it illustrated on a demand and supply diagram? Give an example of producer surplus.

Q: Consumers are fully aware of their preferences All consumers have the same preferences Consumers…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

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

A: The participation rate refers to the total number of people or individuals who are currently…

Q: In short-run production where labor is a variable input, the relationship between marginal product…

A: We are given, Economy is in short run. Labor is the variable input. Marginal cost of production =…

Q: By 2050, the population pyramid of the United States isexpected to resemblea. a triangle.b. a…

A: Answer is given below

Q: A term for when inflation is decreasing disinflation deflation domestication disintegration

A: General rise in the price level of the goods and services in the economy without any change in real…

Q: d. Draw a Keynesian-cross model. Label the output level of 1,400 and the equilibrium output level,…

A: * SOLUTION :-  As per guidelines I answered  three sub parts only  Thankyou.

Q: Why is the strait of Hormuz important to Iran and how do they use the strait of hormuz?"

A: Answer- The location of  strait of Hormuz in between Iran and Oman. This place is the most eminent…

Q: s Firm A $150 for each ton of pollution that it eliminates before it reaches the river, and it costs…

A: Financial experts are generally worried about contrasting the peripheral advantages with the…

Q: 4) If the marginal product of capital MPK > r, where r is the market rental rate for capital, the…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: The Qatari government is increasing government purchases to finish the construction of 2022 World…

A: In short-run:- When Qatari government increases its purchases to finish the construction of 2022…

Q: When taxes in a market are extremely low, increasing the tax rate will likely tax revenue and dead…

A: Deadweight loss is the loss in total surplus when efficient quantity is not produced.

Q: suppose you have $1 million to invest.   You are considering to invest in UK first, then convert…

A: (1+id)= F/S*(1+if) here: id = interest rate in the domestic currency or the base currency if ​=…

Q: What is new in America’s health care reform law?

A: The Health Care Reform Law enacted in March 2010 brought the Affordable Care Act in America.

Q: Compute the total cost per year of the following pair of expenses. Then complete the sentence: On an…

A: Given Information, Maria spends $15 on lottery tickets every week. Assuming, there are 52 weeks in a…

Q: . A production process using two inputs, labor and capital is Q = 5LK where Q is output per day. MPK…

A: When the ratio of labour and capital prices equals the marginal rate of technical substitution of…

Q: Many countries have constitutional requirements that their budgets be in balance (or in surplus) in…

A: A budget is a yearly monetary arrangement. The arrangement portrays how income will be created and…

Q: Consider an industry with four firms each having 12% of the market. The next four firms each have…

A: Herfindahl–Hirschman index is used to characterize the market as perfect competition, monopoly,…

Q: Consider the following Cournot-Stackelberg duopoly model on export subsidies: There are three…

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

Q: For demand function Qd = a - bP and supply function Qs = dP - c , using Cramer’s rule determine…

A: At equilibrium, demand function (Qd) = supply function (Qs) Let say, (Qd) = (Qs) = Q Q = a - bP Q +…

Q: Explain the main features of exchange traded funds, including the creation/redemption process.

A: Individual investors have considered exchange-traded funds (ETFs) to be one of the most useful and…

Q: Suppose that the demand for sweatshirts at the university bookstore is given by: P = 40 – 0.2Q A)…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level.

Q: are there in the long-run equilibrium? There are  () vendors in the long run. d) Suppose the city…

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

Q: If 1000 Mexican pesos could buy $1.00 U.S. dollar in 2006 and 87 U.S. dollars in 2010, then: A. the…

A: Given: 100$=1000 mexican pesos

Q: U, Uz U3 U4 Us 20 28 42 60 Income Currently the consumer has $60. If there is an accident their…

A: Given information Income=60 When accident income=20 Probability of accident=0.45

Q: Individuals A and B, they both have the following additional equation of demand and cost equation:…

A: Supply and demand, connection between the amount of an item that makers wish to sell at different…

Q: If you are the manager of a export firm, in order to achieve business diversification, you should…

A: Diversification in a market refers to the situation when people have the opportunity to deviate from…

Q: The diagram below illustrates the cost curves of a firm operating in a perfectly competitive…

A: Here, the given graph represents different cost function of a perfectly competitive firm in the…

Q: A country has a rate of growth (g) of 0.50 %, a debt-to-income of 94% and a primary deficit of 0.7%…

A: The percentage change within the value of all products and services produced in a very country…

Q: Suppose GDP is $50,000, tax revenue is $20,000, and government spending is $40,000. What is…

A: Given: GDP=$50000 Tax revenue=$20000 Government spending=$40000

Q: 4 points Marginal Cost to Eliminate (Dollars) First Unit Second Unit Third Unit Fourth Unit Firm A…

A: The given table show the marginal external costs(MEC) for each of four firms (A,B,C and D) to…

Q: Please provide a short and concise answer to the following question: Why are exchange rates…

A: Exchange rate is the rate at which nation's currency are exchanged . Foreign exchange is used to…

Q: Suppose that each firm in a competitive industry has the following costs: Total Cost:…

A: Given, TC=50+12q2MC=dTCdq=2q2=q

Q: Explain in detail using diagrams the long- un adjustment mechanism for a perfectly competitive…

A: Pecuniary diseconomies occur when an increase in the production results in an increase in the price…

Q: Average total costs are falling Average total costs are rising Average total costs are minimized O…

A: Average total cost is alluded to as the aggregate of all creation costs partitioned by the total…

Q: Show the relationship between short-run marginal and average cost curves, and long-run marginal and…

A: In the short run there are two types of costs:- fixed costs and variable costs. In the short run…

Q: nanufacturer of hospital supplies has a uniform annual demand for 180,000 boxes of bandages. It…

A: Supply and demand represent the working of a market and the cooperation among providers and…

Q: Good X A B IC2 Good Y | The rotation of the budget line from red to blue depicts an increase in…

A:

Q: A certain copier machine cost P150,000 with a trade-in value of P15,000 after making 800,000 copies.…

A: Depreciation = [[Cost - Salvage value] / Life time production] * Units produced Book value = Cost -…

Q: Use the figure shown to answer the questions below U, Uz U3 UA Us 60 Income 20 28 42 Currently the…

A: Given information Income=60 When accident income=20 Probability of accident=0.45

Q: American Heart Association (AHA) announcement about corn Change in the demand for barley Change in…

A: Answer- (a) Change in the demand for barley.

Q: [Mcdonald's, a big burger joint, is charging $5 for its very famous Big Mac hamburger and selling…

A: Price elasticity of demand is the ratio of the percentage change in quantity demanded of a product…

Q: One difference between the Great Recession and the Great Depression is that a) there was significant…

A: The situation which depicts a downward trend in the business cycle that is being depicted by a…

Q: Identify the four phases of U.S. governmentregulation of business. What is the newestfrontier?

A: Regulations are frequently promulgated without respect for the unforeseen repercussions,…

Q: 15 10 suppty demand ey with ta How much revenue will the government gain if they put a $6 tax on…

A: Revenue gains generated by the government = Tax ×Quantity Now, the demand curve is in red line and…

Q: The Required Reserve Ratio is 25% for all banks. Assuming that all the customers that have…

A: Reserves refer to money on hand' in the world of business and finance, money that can be utilized…

Q: uppose that society decided to reduce consumption and increase investment. How would…

A: The sustained rise in the production of goods and services is called economic growth.

Q: Question 43 Over the last 50 yearn, interent rates have risen before each recession and have fallen…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: 3. A nation consists of 2 political parties, Democrats and Republicans. The Democrats care more…

A: Phillip's curve equation : π = πe + 1.5(ut - 0.05 ) Probability of democrats winning = Probability…

Q: To compute economic profits, which costs are used?

A: The economic profits of a firm could be estimated by the difference between total revenue and total…

Q: Use the following graph to answer the next seven questions. The graph depicts an economy where…

A: A recession in the worldwide economy brought down the demand for U.S. trades, so this part of…