What will an increase in U.S. prices likely cause? A B C D An increase in U.S. exports An increase in U.S. imports An increase in the marginal propensity to save A decrease in marginal propensity to consume
Q: Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic…
A: Given: >Drought reduces the supply of wheat >Wheat is an input for bread >Bread and…
Q: F7
A: We know that Final goods are goods that do not need any further processing. Final goods are produced…
Q: 14. A government increase government spending in an economic recession. Fiscal policy in that case…
A: When the government increases the government spending during the recession then the government…
Q: In the Neoclassical firms maximize profits when a. marginal efficiency of capital = interest rate b.…
A: The price of a factor of production is often explained by the marginal productivity theory of…
Q: You got a leaf blower for free at a yard sale. You are thinking of using it to clean leaves in your…
A: opportunity cost is the cost of loss of one opportunity to choose the other alternative. In other…
Q: Consider the following representation of a Normal form game. actions w a (45,22) (10,38) (42,13)…
A: According to its definition, game theory is a branch of mathematics that imagines social scenarios…
Q: Would the interest rate increase be more likely to hurt or help the financial institution’s…
A: Interest rates affect the profitability of financial institutions. The financial institutions…
Q: pls answer B on paper
A: National Income : Y = AE i.e. income is equals to aggregate expenditure
Q: pour les deu a se put at the point which he manager bene e politie O alwayszero. 300 de lei pe care…
A: Externalities are defined as when production or consumption by any one particular company, group or…
Q: G3
A: Money is referred to as something which is generally accepted by people in exchange for goods and…
Q: 6.- Andrew Thomas, a sandwich vendor at Hard Rock Cafe, created this table with the different…
A: Business firms use decision analysis as a technique in operation management to make informed…
Q: Explain the law of diminishing returns.asap
A: In economics, various laws and theory are used to explains specific market activity. These laws arr…
Q: What is the annual rate of interest #265 is earned in four months on an investment of 15,000? A 0.54…
A: According to the question, Interest = 265 Time period = 4 months = 0.33 years Principal = 15000…
Q: Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the…
A: We are going to perform equilibrium analysis to answer this question
Q: The simple circular flow model shows that Multiple Choice о о о households are on the buying side of…
A: Ans. In the simple circular flow model, there are two sectors that are 1) the Household sector and…
Q: construct a cash flow diagram to find the present worth in year 0 of a 400 expenditure in year 3 a…
A: Cash flow diagrams are powerful tools to look into expenditures and savings of a business or an…
Q: F8
A: We know that its position through managing its use of different financial products.
Q: Briefly analyse the various policy measures that a government might have to undertake to deal with…
A: A fiscal deficit is a discrepancy between a government's revenue and expenditures. Spending over its…
Q: Q1. Given cost function f(x) = 1/2(c)(x2), where c>0, and demand curve y(z) = z-a, where a > 1…
A: Demand of quantity is a function of price. hence, z is price (a) Elasticity = d y(z)dz* zy(z) -a…
Q: The changes in bank regulations expand the availability of credit cards so people need to hold less…
A: The demand for money will fall if bank regulations make credit cards more widely available so that…
Q: A machine that had a first cost of $120,000 was depreciated by the MACRS method over a 3-year…
A: Given, A machine that had a first cost of $120,000 was depreciated by using Modified Accelerated…
Q: 1. What are the conditions of Economic profit, economic loss and breakeven point of
A: Perfect competition refers to the market where market equilibrium is decided by the market forces of…
Q: What is the major challenge presented by competitors like amazon and uber to grubhub's business
A: The biggest concern posed by Amazon and Uber to Grubhub's company is that they have access to the…
Q: You borrowed P5,000 from a bank and agreed to pay at the end of 9 months. The bank discounted the…
A: The rate tells you just how much interest you'll make or pay on a loan. Rate is the percentage that…
Q: 15. If government spending increases by 1 billion euro, and mpc=0.4, how much should tax change to…
A: In an economy, when government makes changes in its expenditure or spending, it will have a…
Q: 10 If the equilibrium price for tickets to a a Shakira concert is $130 each and she sells them for…
A: Here, it is given that the market equilibrium price of a ticket to Shakira concert is 130, while…
Q: A B C D The equilibrium point will move from C to E. The equilibrium point will move from C to B.…
A: Answer to the question is as follows:
Q: function A For the following Production Funchons. 0<2, B<1 -e B) Q = A[SL² + (1-5)k °7 ² A) (2= AK ²…
A: To prove the above given conditions, we are going to use Euler's theorem applied to Cobb-Douglas…
Q: Assume that the market demand for a product is represented by the equation P=50- and its market…
A: Please find the answer below. MARKET DEMAND: Market demand describes the demand for a given…
Q: Post-Quiz Q: Assume that the demand curve D(p) given below is the market demand for widgets: Q =…
A: Consumer surplus is that area which are lies below the demand curve and above the market equilibrium…
Q: Consider two neighboring island countries called Bellissima and Felicidad. They each have 4 million…
A: Given information: There are two countries, i.e., Bellissima and Felicidad. And both produces two…
Q: 5. The price of trade Suppose that France and Switzerland both produce jeans and olives. France's…
A: The traditional trade principle still holds true today: each country should specialise in what it…
Q: Short Answer Part 2 Consider the following sequential-move game: Player 1 Player 2 Player 3 Player 2…
A: In order to solve finite extensive form and sequential games and infer a sequence of optimal…
Q: DEMAND IN-CLASS WORKSHEET 3 This question examines the market for apples. You will identify a demand…
A: Introduction Here we will examines the market of apples when we have given a demand function and…
Q: The equation P = -0.5(n-500) (n - 10) describes a company's profit, P based on how many units, n are…
A: Profit: P=-0.5(n-500)(n-10) Expanding the equation: P=-0.5(n2-10n-500n+5000) P=-0.5n2+5n+250n-2500…
Q: With a fixed exchange rate, if there is excess demand for the domestic currency then the central…
A: A fixed exchange rate, frequently called a pegged exchange rate, is a sort of conversion scale…
Q: G3
A: It is a bunch of principles and ideas which explains the functioning of the economy or various…
Q: Suppose Poland produces only tablets and smartphones. The resources that are used in the production…
A: Production Possibility Frontier (PPF) illustrates the combination of two goods that a nation can…
Q: Country X $m Private Consumption Expenditure 400…
A: Disclaimer :- since you asked multipart question we are solving first 3 subparts as per guidelines .…
Q: Suppose a firm uses two inputs: capital, K, and labour, L. The profit function is π(K, L, p, w, r)…
A: To find the rate of change in the maximum profit we differentiate the maximum profit function with…
Q: Willy owns a small chocolate factory, located close to a river that occasion- ally floods in the…
A: Given information Worth of the factory without flood=$500000 Worth of the factory with flood=$50000…
Q: Which of the following are among the reasons offered by Adam Smith for why specialization results in…
A: GIVEN DATA There are some reasons which are offered by Adam smith. There are given 4 points below.
Q: explain like the case written below, but change the fixed exchange with freely exchange rate. what…
A: The notations and subscripts are not clearly visible hence I am using my own. Please relate to that.…
Q: The blue curve on the following graph shows the height of an airplane over 10 minutes of flight. The…
A: Slope is the mathematical instrument used in various studies that measures the rate of change of a…
Q: According to the law of diminishing marginal utility total utility will rise at a falling rate as…
A: Utility is described as the overall satisfaction a consumer feels after using a product or service.…
Q: What are two things that meet the criteria of the functions of mc ot necessarily be what you would…
A: *Answer: *2 Double Coincidence of Wants This is a scenario where a buyer wants to purchase a…
Q: onential Smoothing with the following parameters: Ft+1=32 and the α = .15 Regression Months 1 2 3 4…
A: *Answer: . Forecasts are useful tools for making predictions and analyzing future outcomes.…
Q: The reserve requirement ratio is nowadays less used as a monetary tool O True O False
A: Monetary policy: It refers to the policy which is used by the government to correct the various…
Q: 4. Inflation and interest rates The following table shows the average nominal interest rates on…
A: Nominal interest rate alludes to the interest rate prior to considering expansion. Nominal can…
Q: Which of the following is NOT an example of scarcity? Select the correct answer below: Due to a lack…
A: The term "scarcity" is being used when there is a limit to the amount of resources (natural, labour,…
Mark your answer
Step by step
Solved in 2 steps
- In 2018, a cold front in Barbados increased both the demand for water heaters andgasolines. The usage of gasoline was 581 tonnes, an increase from 499 tonnes in theprevious year. The Petroleum Company of Barbados advised Government officials thatdemand could outweigh supply and asked companies to increase the supply. They alsoasked major gasoline users, such as power plants, to reduce demand.i. Illustrate the effect of the cold front on the demand for gasoline using a demandcurve diagram over the two years. ii. Assuming the Petroleum Company of Barbados did not issue a directive for anincrease in supply and a decrease in demand, explain the problem that would existin the economy and how would this be corrected over time. iii. Illustrate the effect of major gasoline suppliers increasing supply as well as usersreducing their demand. iv. Discuss one factor EACH that you think influence demand and supply for waterheaters. Provide examples v. Is demand for gas is price elastic or price…In 2018, a cold front in Barbados increased both the demand for water heaters andgasolines. The usage of gasoline was 581 tonnes, an increase from 499 tonnes in theprevious year. The Petroleum Company of Barbados advised Government officials thatdemand could outweigh supply and asked companies to increase the supply. They alsoasked major gasoline users, such as power plants, to reduce demand. i. Illustrate the effect of the cold front on the demand for gasoline using a demandcurve diagram over the two years. ii. Assuming the Petroleum Company of Barbados did not issue a directive for anincrease in supply and a decrease in demand, explain the problem that would existin the economy and how would this be corrected over time.Suppose a decrease in the world demand for desktop computers causes the price of desktop computers to fall from $600 to $500. Before the fall in demand, Juna, a local computer dealer in Japan, used to produce 9,000 desktop computers and exported 50 percent of it to other countries every week. However, after the fall in demand, Juna reduced its production to 8,000 units and exports only 40 percent of its total output.a. What are the changes in the quantity sold to domestic consumersb. What are the changes in the consumer surplus?c. Sketch a diagram to illustrate the changes for Juna.
- The price of crude oil increased to its highest level due to conditions which impactedsupply. Historically, crude oil has traded at between 70 and 150 USD per barrel. But theprice increased to over 200 USD in March 2022. Growing demand in Canada for crude tobe turned into refined petroleum, coupled with a sharp fall in production in Saudi Arabiahave both been factors in the price increase. Bauxite production in Saudi Arabia for 2017-18 fell 65% year-on-year due to an agreement with OPEC. The Energy InformationAdministration predicts that global consumption of crude oil is likely to be greater thanproduction by 20 million barrels this year.In the US, companies in the steel and alumina industry have put pressure on the USgovernment to relax import controls, warning that otherwise they might run out of petrol.Commentators predict that most steel and alumina producers will be unaffected becausecrude is such a small part of their spending.a. Explain, using supply and demand analysis, why…What will happen to the equilibrium price and quantity of pens if the price of pencils rises, consumers experience an increase in income, writing in ink becomes fashionable, people expect the price of pens to rise in the near future, the population increases, fewer firms manufacture pens, and the wages of pen-makers increase? a. Equilibrium quantity would decrase, but the impact on equilibruim price would be ambiguous. b. Equilibruim price would increase, but the impact on equilibruim quantity would be ambigious. c. Equilibrium quantity would incrase, but the impact on equilibruim would be ambiguous d. Equilibrium price increases and equilibruim quantity decreases e. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.a) Due to Covid-19, meatpackers are facing substantially higher costs and people are panic buying meat. As a result, we can expect (at least temporarily) Lower prices and no change in quantity Higher prices and an uncertain change in quantity Higher prices and a certain increase in quantity Higher prices and a certain decrease in quantity b) If, against the request of the US, Saudi Arabia decides to further increase the supply of crude oil to the world market, we would expect as a result that (all else equal) the Equilibrium price of crude oil will decrease, and the equilibrium quantity will increase Equilibrium price of crude oil will increase, and the equilibrium quantity will decrease Equilibrium price and quantity of crude oil will increase Equilibrium price and quantity of crude oil will decrease
- Consider the following equations describing the components of demand and equilibriumin the goods market:C= 120 + 0.5 (Y - T)I = 40G=20T= 401. Solve for the equilibrium level of output in this economy.In 2018, a cold front in Barbados increased both the demand for water heaters andgasolines. The usage of gasoline was 581 tonnes, an increase from 499 tonnes in theprevious year. The Petroleum Company of Barbados advised Government officials thatdemand could outweigh supply and asked companies to increase the supply. They alsoasked major gasoline users, such as power plants, to reduce demand. Illustrate the effect of the cold front on the demand for gasoline using a demandcurve diagram over the two years.The Government of Canada recently signed new preferential trade agreement, and has agreed to paysubsidies to turkey farmers to compensate for increased competition they may face from imports. Youare employed as an analyst by AAFC. In order to determine the dollar value of compensation, AAFCrequires an estimate of how the Canadian price of turkeys and the quantity of imported turkeys willchange as a result of the new trade agreement. You are provided with the following information about the Canadian turkey market:1. The world price of turkey is $5.2. The Canadian turkey market is currently (before the new trade agreement) protected by a tariffrate quota (TRQ) of the following format:a) the in-quota tariff is $1 per unitb) the import quota volume is 100 unitsc) the over-quota tariff is $10 per unit.3. An excess demand (ED) (for imports) function for turkey has been estimated as? = 28 − 0.14?. a) Draw the diagram for imports in this market, and solve for the Canadian turkey price and the…
- The Government of Canada recently signed new preferential trade agreement, and has agreed to paysubsidies to turkey farmers to compensate for increased competition they may face from imports. Youare employed as an analyst by AAFC. In order to determine the dollar value of compensation, AAFCrequires an estimate of how the Canadian price of turkeys and the quantity of imported turkeys willchange as a result of the new trade agreement.You are provided with the following information about the Canadian turkey market:1. The world price of turkey is $5.2. The Canadian turkey market is currently (before the new trade agreement) protected by a tariffrate quota (TRQ) of the following format:a) the in-quota tariff is $1 per unitb) the import quota volume is 100 unitsc) the over-quota tariff is $10 per unit.3. An excess demand (ED) (for imports) function for turkey has been estimated as? = 28 − 0.14?. Note: Canada is a small importing country in the world market for turkeys. Note: The data given…7. Two commodities "x" and "y" are related with the following demand equationQdx = 80 - Px + Py, compute the Qdx if the price of "x" is 15 pesos and the price of "y" is15 pesos. Again. The Qdx is in terms of kg. Note: # 7 to #12 are interrelated OA. 70 kg OB. 75 kg O C. 80 kg O D. -70 kg O E. None of the aboveHow does a price floor 521 above the equilibrium level affect quantity demanded and quantity1 supplied?
