What is your major take away from Thomas Dye’s definition of public policy)?

Q: machine part can be exhausted either from aluminum or steel. There is an order of 8,000 units. Steel...

A: We have, Order quantity = 8000 units. Steel cost = P 3.80 per kg Aluminum cost = P 8.70 per kg Steel...

Q: Lise the rectangles to shade the areas representing producer surplus for each person who is wiWing t...

A: Producer surplus can be defined as the difference between the actual market price and the minimum am...

Q: 10. In the short run, the central bank's actions to fight inflation shift the aggregate demand curve...

A: In an economy, the problem of inflation arises when there is excess demand for goods and services as...

Q: %3D Ollie's utility function for Apples (A) and Bananas (B) is Cobb-Douglas: U = AB/6 a. Find expres...

A: MRS = (MUA/MUB) We have the utility function : U = AB/6 MUA = dU/dA = differentiate the utility func...

Q: Assume a firm incurs overall labor costs of $22 per hour - which includes wages and training costs. ...

A: Labor market equilibrium is get where the labor demand and labor supply intersect with each other. I...

Q: Derive the complete expression for Firm 1's residual demand given that the other firm supplies accor...

A: There are two firms in the market where market demand is Q = 100 - p  and Supply function of each fi...

Q: Four mutually exclusive projects are being considered for a new 2-mile jogging track. The life of th...

A: Answer is given below

Q: Describe the need versus the want for a Samsung cellphone.

A: Let us image the case of a farmer who produces barley. The farmer may receive many customers for his...

Q: 27 9. DEADWEIGHT LOSS WITH PRICE CONTROLS If an equilibrium position is less than perfectly efficien...

A: A price floor is the lower limit on the price. It is a type of price control. 

Q: Producer surplus for an individual and a market Suppose the market for apple pie is a perfectly comp...

A: The producer surplus is the difference between the market cost and the least cost a producer is will...

Q: 8. If the central bank carries out an open market operation and buys government securities, the fede...

A:

Q: 1. An expected utility maximizing individual has utility of end-of-period wealth given by wl-r –1 , ...

A: Given information Utility function u(W)=W1-γ-11-γ--- If γ not equla to 1u(W)=lnW--- if  γ=1

Q: Skill Circle Model Assume a firm incurs overall labor costs of $22 per hour- which includes wages an...

A: In the above question, it is given that : Skill Circle Model Assume a firm incurs overall labor c...

Q: 8. If the central bank carries out an open market operation and buys government securities, the fede...

A: In an economy, any purchase or sale of government securities by the Central Bank has a significant i...

Q: Suppose the economy is four sectors economy. The economy is represented by the following: C= 400 + 0...

A: Y= C+I+G+NX Y= National income  C = Consumption expenditure I = Investment expenditure G= Government...

Q: List and explain 3 factors of the wheat boom? List the benefits of the railways and explain how can ...

A: ▪︎The term "wheat boom" refers to the substantial growth in wheat production and exports that occurr...

Q: A bridge that was constructed at a cost of P 2,000,000 is expected to last 30 years with an annual m...

A: Given that; First cost of the bridge= P5,000,000 which is already a present worth. It has an annual ...

Q: Part A Assume that m the required reserve ratio is 10 percent of checkable deposits and banks lend o...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: A start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First...

A: Given that; Type A Type B Initial cost= P200,000 Initial cost= P300,000 Annual Operating Cos...

Q: The OEM company specializing in printed circuit board manufacturing has annual fixed expenses of P50...

A: Break-even point:-                                BEP=FCP-VC where; FC= Fixed Cost P= Price VC= Vari...

Q: If the price of a physiotherapy session is $100 and the pills cost $10 each, which treatment option,...

A: Given: Price of physiotherapy session=$100 Price of pill=$10 Note: Due to multiple questions being p...

Q: what is the following pricing strategy or price discrimination approach? Unauthorized ticket specula...

A: a) Bundling Varying units of a product are offered at different prices in this kind of price discrim...

Q: Economic development must be analyzed by the overall social system like cultural traditions, attitud...

A: Economic growth is the rise in an economy's production of goods and services. The rise in capital go...

Q: A downtown bar serves a drink that UCSB students love. The profit-maximizing owner knows that any gi...

A: Total surplus is the summation of consumer surplus and producer surplus. Consumer surplus is the are...

Q: State whether the following statements are True, False, or Uncertain. Credits will only be given for...

A:  

Q: Do you think that business practices in an Islamic country are likely to differ from business practi...

A: Yes, business practises in an Islamic country will most likely differ from those in the United State...

Q: Most renters and all homeowners will both need to pay monthly for a new furnace O their mortgage pay...

A: Households incur certain costs of living in a house. 

Q: How is a basket of goods and services used to measure the price level?

A: Inflation is defined as the rise in the average price level of commodities and services in the econo...

Q: Given the two machines' data Machine A Machine B First Cost Salvage value P8.000.00 P14,000.00 2.000...

A: For finding out the Equivalent annual cost we take following steps : => First we formulate cash f...

Q: Assume that the demand function for a certain item is Q = 250 - 0.8p. How big is the demand elastici...

A: Here, demand equation is given as: Q=250-0.8p To find: price elasticity of demand when price is 52

Q: RSA has an influx of foreign nationals and the unemployment rate is increased drastically in RSA, do...

A: Unemployment rate The unemployment rate basically refers to a proportion of the entire labor force t...

Q: In the Grossman model, the marginal efficiency of investment in health care declines as health impro...

A:

Q: When you use GRETL, how do you run a model for a generalised least squares guess?

A: ▪︎Gretl is an econometrics-focused open-source statistical programme. Gnu Regression, Econometrics, ...

Q: 2. An organization engaged in the social sector intends to develop a social fund to help the elderly...

A: Given,  A social fund to help elderly between 65 and 90 years= 25 yearsAssistance given every month ...

Q: Below is an Edgeworth box of two individuals, Ross and Rosa, in the consumption of two goods, X and ...

A: Introduction Edgewoth box diagram belongs to the welfare economics. This concept has based on Pareto...

Q: LRAS You The long run aggregate supply (LR AS) diagramatical function is vertical because: I. The na...

A: Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy c...

Q: Techiefy Co. wants to launch a new product. It is observed that the fixed cost of the new product is...

A:

Q: Is the following statement TRUE or FALSE? Please provide reason for the answer. The aggregate suppl...

A: Aggregate supply is defined as the total amount of supply of goods and services in the economy in a ...

Q: 7. The required reserve ratio helps determine the amount of money bank TRUE OR FALSE Answer: Reason:

A: The reserve ratio is part of deposit which can not be lent out by the bank. Such ratio is fixed by t...

Q: Find the future value for the ordinary annuity with the given payment and interest rate. PMT = $700;...

A: Given: The annuity payment is = $700 The interest rate is = 1.20% compounded semiannually Years = 3 ...

Q: A start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First...

A: Given, First Cost of Type A : P200,000First Cost of Type B : P300,000

Q: what do you understand by the concepts of intra and inter temporal choice models in managerial econo...

A: Intruduction Managerial economics is a branch/department of economics that deals with the applicatio...

Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...

A: Present Worth of the project is given by, PW=80000(1+11+0.06+1(1+0.06)2+....+1(1+0.06)9)=P 624135 Be...

Q: 4. Inflation rates, like most statistics, are imperfect measures. Can you identify some ways that th...

A: Inflation:- Inflation can be explained as the rate at which prices go up over a specific timeframe. ...

Q: What are the factors that decrease supply of houses? Draw Supply and demand graph and show what happ...

A: The supply curve shows the association between the price of commodity and quantity of the commodity ...

Q: Evidence suggests that, following some exogenous shock, exchange rates change: Select one: O a. None...

A: Option D Before Prices change

Q: In Law of Supply, the quantity supplied of a product decreases when_________ a. Price of the good in...

A: According to the law of supply, other things being constant, there exist a  direct relationship betw...

Q: If a particular fintech company is likely to disrupt anyaspect of the country’s financial system, sh...

A: When some good is manufactured, cost  takes place for producing that particular good and then proces...

Q: Apple wants to launch a new product. it is observed that the fixed cost of the new product is $35,00...

A: Fixed cost=$35,000 Variable cost=$500 Revenue function= 5000D-100 D2

Q: Please answer both Thank you

A: The price elasticity of demand is the ratio of percentage change in quantity demanded to the percent...