What is proper method in economic analysis and what is the value of economic analysis?

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A: Fiscal policy is a policy that is used by the government of a country in order to influence a nation...

Q: The following table gives nominal GDP, real GDP, and the population for two years. Find per capita r...

A: Gross Domestic Product  is the sum of all value added of a given economy. Value added is the differe...

Q: Suppose the price of the good is equal to 90/unit. Using the demand and supply schedules in letter b...

A: The demand curve is a downward-sloping curve and the supply curve is an upward-sloping curve. The eq...

Q: Which of the following might place downward pressure on stock prices? Check all that apply. The unem...

A: In the stock market, the price of stocks are influenced by demand and supply of stocks as the market...

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice, O, $1 each. Her income is...

A: Budget line is the price line shows the various combinations of two goods that can be bought with gi...

Q: What was Milton Friedman’s work?

A: When talking about economists, Milton Friedman was the popular economist who gave many economic theo...

Q: The accompanying graph represents the aggregate consumption function for the small island nation of ...

A: Increase in the income leads to increase in the expenditure of consumption, thus when there is incre...

Q: .4 (Least squares) UpTop Mining has compiled the following data to analyz costs: onth Machine Hours ...

A: Given data to analyse utility costs :

Q: Discuss how firms choose how much output to produce.

A: Total Cost is the amount of expenditure incurred in the production of goods and services.  Total Rev...

Q: 2. There are six potential consumers of computer games, each willing to buy only one game. Consumer ...

A: "Consumer surplus refers to the difference between the price a consumer is willing to pay for a comm...

Q: A brewery produces regular beer and a lower-carbohydrate "light" beer. Steady customers of the brewe...

A: Answer -  

Q: Q1) A restaurant uses 3000 kg of meat each month.  The restaurant is replenishing the meat using an ...

A: Given: A restaurant uses = 3000 kg of meat each month The EOQ value of = 2000 kg The interest rate i...

Q: b) The ABC electric company produces two products, refrigerators and cooking ranges. Production take...

A: Let X and Y be the total number of refrigerators and ranges to be manufactured.  Maximize Z = 60X + ...

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: What is the usual shape of a marginal revenue curve for a monopolist? Why? 2.When a monopolist iden...

A: A monopoly is a market structure in which only one firm sells output, this firm has all market power...

Q: Problem 2 (2 points) Given the demand function P = - QD2 – 2QD + 64, and the supply  function P = QS...

A: Given:  P = - QD2 – 2QD + 64 P = QS2 – 2QS + 14.

Q: 1)Explain how a "rising" American dollar will affect (a) an American company which imports cashews; ...

A: The rate at which one currency is being measured in terms of another currency in order to bring them...

Q: Lift Chart (Original) ROC Curve, AUC=0.71934472457572562 Lift Chart (Original) Random Classifier Opt...

A: Introduction Here lift curves covers will be 45%. Here we can say that it this project will cover al...

Q: Consider a manufacturing firm where total cost (TC) equals the product of the wage per worker in man...

A: Introduction Here we have total cost and total revenue under perfect competition. Under perfect comp...

Q: The production function q = 9K0.8L0.1 exhibits: a. increasing retruns to scale  b. constant return...

A: The relationship between ou>tput and proportional increase in all the inputs is referred to as Re...

Q: Explain how consumer expectation is a determinant of demand.

A: Demand simply refers to a customer's desire to purchase goods and services without hesitation and pa...

Q: Jan Aart Scholte has argued that at least five broad definitions of ‘globalization’ can be found in ...

A: Globalization is a concentrated type of internationalization, according to Scholte, and " global " i...

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: A monopolist charges a single price for its product, sells 100 units, and has a marginal revenue of ...

A: Q = 100 MR = 30 MC = 500 Fixed Cost = 500

Q: The demand measure of GDP accounting adds together:     consumption, government purchases, wages an...

A: GDP is the market value of final goods and services produced by an economy during a given period of ...

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

A: Answer -

Q: llustrate a generic demand and supply curve

A: The demand curve refers to the quantity demanded at the given prices at a particular period of time....

Q: f the price of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on th...

A: Answer is given below

Q: The profit maximizing output level for this firm is

A: Any firm maximizes profit where MR=MC  

Q: You are a financial adviser to a U.S. corporation that expects to receive a payment of 60 million Ja...

A: a)  If exchange rate unchanged them remains expected recieved dollar will be:-

Q: Real GDP in Sub-Saharan Africa has recently risen at a rate of about 5% per year. If its growth cont...

A: Real GDP measures the market value of goods and services produced within an economy in given period ...

Q: How do you calculate private closed economy GDP?

A: A closed economy represents a market system where no trade with other countries take place. 

Q: Pork belly strips and lettuce are complementary goods because most of the time they are enjoyed toge...

A: When two goods and complementary, they are consumed together due to which any change in the demand f...

Q: Who favors John Maynard Keynes theories currently and how are they applied? Could you also include t...

A: John Maynard Keynes was an English economist whose ideas revolutionized macroeconomic theory and pra...

Q: Consider a utility function of two goods x and y: U (x,y) = A (ax +by') where A >0, a>0, b>0, r € (-...

A: b) Slope of indifference curve= (-) MUx/MUy MUx= Ar(axr+byr)1r-1(arxr-1) MUy= dU/dY= Ar(axr+byr)1r-1...

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A: In a monopolistic competitive market there are large number of firms producing similar but not ident...

Q: Suppose a firm has a production function Q = 10/KL %3D so that 5/K MPL VI 5VL VK MPK The firm uses 9...

A: Cost = wL + rK We substitute everything given: Q=60, K=9 60 = 10(9)0.5(L)0.5 6 = 3(L)0.5 22 = L So L...

Q: A company has affiliates in seven countries. Each affiliate enters into transactions with the other ...

A: The company has determined that on average a remittance from one affiliate to another costs  = $40 F...

Q: Planning is said to be more than just the formulation of quantitative economic targets. It is often...

A: The process of thinking about the tasks that is necessary to attain a desired objective is known as ...

Q: Two firms compete as a Stackelberg duopoly. The demand they face is P= 402 - Q. The cost function fo...

A: The demand function depicts the functional connection between the quantity of a commodity demanded a...

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: Which if the following is NOT an example of the market drivers of globalisation? A. Establishment of...

A: Globalization is the movement of products, technology, information, and jobs across national borders...

Q: ch of the following situations best exemplifies a relation results from one country's concentration ...

A: Compartive advantage alludes to the capacity of involved with produce a specific decent or administr...

Q: Question 33, 41 Listen Should the company invest in the training program if allows them to expand in...

A: Answer= "Thank you for submitting the questions. But, we are authorized to solve one question at a t...

Q: ind the equation for elasticity. ind the elasticity at the given price, stating whether the demand i...

A: Given, D(p) = √349-p

Q: Two firms compete as a Stackelberg duopoly. The demand they face is P = 402 - Q. The cost function f...

A:

Q: What were Milton Friedman’s economic theory’s general principles and who did he advise?

A: Milton Friedman was basically an American economist who advocated for free market capitalism.During ...

Q: PQ 18.02 (and 18.03) Two businesses in a market can decide to increase the amount of stores they ope...

A: Weakly dominant strategy: irrespective of other players actions it given the payoff atleast as high ...

Q: 1. The cost in dollars, of producing x golf balls is given by: C(x) = 0.35x + 64 000 The average cos...

A: Answer -

Q: (6) For each situation, solve for the Cournot-Nash equilibrium (Capacity Constraints) 6a) Suppose Sa...

A: