Q: Economists
A: TC(total cost) is the sum of TVC(total variable cost) and TFC(total fixed cost). AC(average cost) is...
Q: Community colleges account for __________ percent of all college students in the United States.a. 51...
A: The answer is - d. 43%
Q: A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after th...
A: Let's assume 1 egg is sold at a price of 50 pesos. Revenue = Quantity of egg * Price of egg => Re...
Q: Find the second-order partial derivatives. (a) f(x, y) = x2 + 4xy + y3 fxx = fyー fxy = (b) f(x, y) =...
A:
Q: Chambers Company has just gathered estimates forconducting a break-even analysis for a new product.V...
A: Break-Even Point: It is the point of sales at which entity neither earns a profit nor suffers a loss...
Q: Newspapers reported that median income Increased by 4.2% and at the same time visits to the museum h...
A: Answer is given below
Q: Suppose the hourly wage is $25, the price of each unit of capital is $50, and the price of output is...
A: The marginal product of labour is the change in production that occurs when more labour is added, su...
Q: A binomial probability experiment is conducted with the given parameters. Compute the probability of...
A: a frequency distribution of the number of successful results that can be achieved in a specified num...
Q: A small metal plating company wants to become involved in electronic commerce. A modest e-commerce p...
A:
Q: Define intrapreneurship and give three notable ventures where this has been practiced.
A: Intraprenuership The word intrapreneurship refers to a structure that enables an employee to functio...
Q: 20. Which of the following statements is true regarding international unemployment? A. Higher unempl...
A: Unemployment is a global issue and it represents a negative state of the economy that indicates the ...
Q: what is the major source of human capital formation in an country explain ????
A: Human Capital Formation is a process of developing abilities and skills among population of the nati...
Q: A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage value ...
A: The periodic contribution can be calculated with the following formula P = Depreciating amount x R...
Q: Define the three principles of sound tax system (Fiscal Adequacy, Equality or Theoretical Justice, A...
A: The tax system is defined as a principle-based system of legally regulated public relations that ari...
Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...
A: The average total cost is calculated by total cost divided by the total quantity produced. ATC = TC...
Q: substitution effect: Suppose the price of sausage doubles, the substitution effect will lead her to ...
A: Consumers choose the goods according to the price and their budget constraint, if the price of goods...
Q: The following diagram shows supply and demand in the market for laptops. Use the black point (plus s...
A: The markets are the place where the buyers of the products tend to interact with the sellers of thes...
Q: Suppose the budget line on the graph is for an income of $500, the Pa=$5 and Pp=$2. Good A B Good B
A: The equation which shows the budget line is PA*A + PB*B = M where, PA and PB are the price of good A...
Q: By the conditions of a will, the sum of P 250,000.00 is left to a girl to be held in trust by her gu...
A: PV(present value) is 2,50,000 FV(future value) is 5,00,000 R= 0.07/12 = 0.0058 (Adjusted)
Q: What's the current yield of a 3.8 percent coupon corporate bond quoted at a price of 102.08
A: Current Yield The yearly income (interest or dividends) from an investment is divided by the current...
Q: Suppose that the following Cobb-Douglas utility function is given U(X,Y) = X³y/2, Which of the follo...
A: Marginal rate of substitution refers to the ratio of marginal utility of two goods.
Q: CoRidar the situation faced by à profit-maximizing firm with the cost curves depicted below. If the ...
A: The correct answer is given in the second step.
Q: 5. In a Cournot duopoly model where both firms have the same marginal cost and produce identical pro...
A: Answer -
Q: This person earns $1000 of income today and $2000 income next year. Point C represents his consumpti...
A: To find : Consumption of next year
Q: e Cobb-Douglas production function Y = AKO.3L0.7 is a(n) production function, if A, K A. constant-re...
A: Constant returns to scale occurs when increase in all factors of production leads to same proportion...
Q: 230 -Budget Line --0-11 12 210 200 190 180 170 160 150 140 130 ho 100 90 60 50 40 30 10 10 15 20 Hou...
A: Maximum Units of consumption = Income/Price = wage*Hours worked/Price= 14*H/1 = 14H 225 = 14 H [...
Q: A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the p...
A: Original CPI=185.4Current CPI=210.7Now,Par value=Current CPIOriginal CPI×1000Par value=210.7185.4×10...
Q: The demand function for a good is a = a+ bp. (a) What is the indirect utility function? (Hint: Roy's...
A: Marshallian Demand : x = a + bp Budget Constraint : px </= M where , M = income Indirect Utili...
Q: Country A produces GDP according to the following equation: GDP = 5/K and has a capital stock of 9,2...
A: Introduction Country A produces its GDP according to the following equation = 5 K And the capital st...
Q: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.5 percent for ...
A: Taxable equivalent yield The tax-equivalent yield is basically the rate of return required for a tax...
Q: You learn that 1 year interest rates in Mexico are 10%, vs the US rates which are 2%. You have $1,00...
A: We have: Interest rate in Mexico = 10% per annum Interest rate in US = 2% per annum We have = $1,000...
Q: The preferences of agents A and B are representable by expected utility functions such that uA(x...
A: Pareto efficient allocation is the one from which no player/agent can be made better off without mak...
Q: Externalities A) can be either benefits or costs.
A: Externalities Externalities are generally the consequences of the action of a producer to nearby par...
Q: What would be the effect of an unexpected increase in the price of oil on a graph showing aggregate ...
A: In an economy, aggregate demand and aggregate supply curves are the graphical representation of the ...
Q: An increase in the income tax rate in an attempt to decrease a country's debt-to-GDP ratio may not b...
A: The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic pro...
Q: Explain how non-discriminatory factors could contribute to differences between the average wages of ...
A: Discrimination according to gender causes a huge wage gap between men and women. Due to the discrimi...
Q: Using the midpoint formula, be able to determine the elasticity along a demand curve. Price Quantity...
A: Price elasticity of demand(Ed): Ed= Percenatge change in quantity demandedPercenatge change in price
Q: The Slutsky matrix below belongs to a consumer with a regular utility function of three goods, with ...
A: As we know that Slutsky matrix is symmetric matrix. Therefore, By solving the metrics we can find ou...
Q: Firm A would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage ra...
A: A firm would be able to organise in a situation where the demand curve for workers is inelastic, Bec...
Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...
A: A money supply curve is the supply of currency in an economy. The supply of money depends upon the i...
Q: When the consumer has limited buying options from a company, the company utilizes which of Porter's ...
A: Porter's Five Competitive Forces Porter's Five Forces basically refers to a model that identifies an...
Q: 1. Čonsider the market for Widgets. Suppose that the equation for the supply curve is: Qs = 1,000P –...
A: Elasticity of demand/supply refers to the responsiveness of demand /supply with the proportionate ch...
Q: 9. Scarcity means O Non-availibility of goods O High price of goods : O Less supply than demand
A: To find : What is scarcity
Q: The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is ...
A: Total Cost is the sum of fixed cost and variable cost. TC=FC+VC Fixed cost is that cost which is fix...
Q: At what annual interest rate will $1,200 invested today be worth $2,500 in 12 years?
A: We have: Annual interest rate = $1,200 Time= 12 years
Q: Question 20 When the budget line shifts from blue to red: Good X B (75X, ?Y) C(?X, ?Y A (55X, ?Y) Bu...
A: Budget line is the locus of different combinations of two goods that can be purchased with the given...
Q: Use the figure to select all the correct statements. B Q1 Q2 Q3 Q4 Q5 Q6 DA. The distance between Cu...
A: Answer -
Q: 3. Is each of the following statements positive or normative? If the statement is positive, write a ...
A: A normative statement expresses a value judgement. This is the speaker's opinion; no one can "prove"...
Q: Suppose that the following utility function is given U(X,Y) = X²/ªy²/3¸ If the price of good X is 5....
A:
Q: how does the production theory and concepts affect revenue
A: Production is the process of transformation of inputs into output with use of services of factors o...
What is the impact of recession in our economy?
(please do not copy answers on the internet, thank you)
Step by step
Solved in 2 steps
- What are the key indicators and factors that contribute to the onset of a recession in an economy?Using the table attached which describes the condition of the economy in a recession?Why did Keynes believe that the proper response to a period of recession was for the government to increase its spending? How could this policy help to combat recession? Use diagram.
- Q. Q1. Which of the following components of consumption spending typically sees the largest decline in demand during a recession? automobiles food clothing housing .What are characteristics of an economy that helps itself correct from a recessionary gap.Recessions hit parts of the economy differently. What part of the economy is usually hurt the most during a recession? Durable goods. Non-durable goods Consumer non-durable goods Consumer services like dentist appointments
- When real GDP declines during a recession, what typically happens to consumption, investment, and the unemployment rate?Compare and contrast the effect of expansion and recession on selected variables like output and employment.Topic 2. Discuss characteristics of an economy that helps itself correct from a recessionary gap.
