When is supply said to be elastic?

Q: 33 As a country begins to liberalize its capital account, what would you expect to happen to the…

A: When a country open-up its economy to make economic transactions with the rest of the world, it will…

Q: 1. The IS curve is based on the goods market: Y C, + mpc (Y - T) + la-2r +G. Assume that the mpe 80.…

A: IS curve denotes locus of those points at which goods market is in equilibrium . It is drawn in (r ,…

Q: A secondhand van is offered for sale. The owner offers two methods of payment . The first method…

A: Better method of payment  for the buyer is given below...

Q: DEFERRED ANNUITY annually, how much will the girl receive yearly?

A: A deferred annuity is a contract with an insurance company that promises to pay the owner a regular…

Q: An untreated wooden pole that will last 10 years under a certain soil condition costs P 12,000. If a…

A: Return on Investment or ROI is defined as the measure of performance that is generally used for the…

Q: Consider the following types of firms. For each one, the long-run average cost curve eventually…

A: The expenses that are being incurred for carrying out transactions of the business are known as…

Q: What is the optimum level of production? Price Total cost 200 90 190 180 Quantity 180 170 160 150…

A: Optimum level of production is achieved when firm earn normal profit as in the case of perfect…

Q: Create a 2 days plan on how to save money.

A: Savings refers to the cash that an individual has left over once they deduct out their shopper…

Q: Consider a graph of a natural monopoly: MC C MR mire where a=23; the slope of the inverse demand is…

A: Natural Monopoly are the firm which has large fixed cost and operate at economies of scale .  Profit…

Q: A national newspaper’s headline reads “Business Confidence Reaches Highest Level in 5 Years.” (a)…

A: In economics, the loanable funds notion is a market interest rate theory. According to this…

Q: each of the following cases, calculate the values of MPC, decimal places. PW, and the spending…

A: In economics, the marginal propensity to consume (MPC) is defined as the proportion of an aggregate…

Q: 11 b. Assume that the market price in the short run is P = $11, Giyen the way YOU drew With the…

A: Long run average cost, or LRAC, is referred to the cost for an unit of output when all the factors…

Q: If the actual exchange rate for the euro value of the Australian dollar is higher than the exchange…

A: Exchange Rate is defined as the price of a nations money in relation to another nations currency.…

Q: Find the exact simple interest on P 10,000.00 for the period from January 12 2016 to November 23…

A:

Q: Your text listed three roles central banks play as "bankers' banks." Which of the following roles…

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

Q: Assume you are an engineer working for a chemical production company. You are on the technical team…

A: A production company, house, studio, or team is a corporation that provides the physical…

Q: 2. What is the comparative advantage of having a Strategic Management between No Strategic…

A: Ans- In this business world strategy is a eminent word. Top most officers and executives do it at…

Q: 2. Assume that individuals have the utility function over consumption (c) and labor (1) given by U…

A: The utility function measures the preferences of the set of goods and services.

Q: An office supply company has purchased a light duty delivery truck for $15,000. It is anticipated…

A: The annual worth is the net of the multitude of advantages and costs brought about in more than a…

Q: Premature-birth Risk Found Higher for Teens (reported in the Sacramento Bee, April 27, 1995, p. A7)…

A: The term "relative risk" refers to the comparison of hazards between two groups, namely the exposed…

Q: Price is NOT a firm decision variable in a( n )  ________ industry. a. oligopolistic b.…

A: Each firm in either market structure, produces with the goal of maximizing profit.

Q: 1. A/G, 10%, 5 2. P/G, 9%, 7 3. F/G, 0.25%, 10

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answers to the…

Q: Two firms produce different goods. Firm 1 has a positive-sloped reaction function. This can be…

A: It is called the Bertrand competition because it is named after Joseph Louis François Bertrand…

Q: The residents of Greenview spend all of their income on a basket of goods made up of cauliflower,…

A: Inflation rate = CPIt - CPIt-1CPIt-1×100where CPIt is current year consumer price indexCPIt-1 is…

Q: 3) A certain warehouse is worth P700,000. The average value of the merchandise in the warehouse is…

A: Cost of insurance Annually : Warehouse = 1% of 700,000 = 7000 Merchandise = 0.9% of 600,000 = 5400…

Q: come falls, then the IS curve shifts to the left, leading to less output and a lower come falls,…

A: In the context of IS LM the behaviour can be explained as follows:

Q: The famous singer Jason Lumberpond likes to drive his solid-gold rocket car back and forth in front…

A: Firstly as per the relationship given, L>E>C it is clear that loss in any of install either…

Q: 1. You purchased a bond for $925. The bond has a face value of $1,000 and it pays a dividend once a…

A: Solution:- a)  a) Purchase price = $925 ; Sale Price = $850. Loss on bond buying then selling =…

Q: In a representative Real Business Cycle model, with capital stock in period t+1 defined by Kt+1 =…

A: Effective Investment is related to a good outlay of money for the purpose of more profit in the…

Q: How the time affects supply, perishable Goods and how it affects the reproducible goods?

A: The curve that depicts various quantities of goods and services being supplied by producers at…

Q: Depending on whether Brian and Edison both choose to fish either nonintensively or intensively, fill…

A: Any resource that is scarce and provides users with tangible benefits to which no person has an…

Q: Three firms share a market. The demand function is P(q1, 92, 93) = 10 – q1 – 92 – 93, where q; is…

A: We have firm 1 as a leader and firm 2 and 3 as the followers.

Q: What are the benefits and costs of import tariffs?

A: Benefits of import tariffs :  It is one of the best source of government revenue.  Tariffs are a…

Q: The value of this graph as is becoming clear! Now let's consider a case in which the relationship…

A: Supply curve refers to the curve that shows the various quantities of a good or service supplied or…

Q: Why has Europe, both governments and businesses, found it difficult to set up stronger economic…

A: Economic Sanction refers to the binding up the businesses or the government with the international…

Q: After Ragnarok, output of Asgard is decreased since every god that rules the realm is dead. After…

A: The IS-LM model demonstrates the interaction between the economic goods market and the market for…

Q: Using the money market theory, illustrate the effect of the following changes on the level of…

A: The market that deals in loans of a shorter duration which is for a period of a year or less…

Q: Suppose the government decides to raise the gasoline tax as a way to reduce air pollution and…

A: A corrective tax is a market-based strategy choice utilized by the public authority to address…

Q: Consider the two-period Neoclassical growth model seen in class. Suppose that income is measured in…

A: Given information 2 period consumption model U=log(C) Income in period 1=$50000 Income in period 2 =…

Q: You have following information on the Bank of Morrisland: it currently holds a total of $150 million…

A: Introduction We have information of Bank of Morrisland. Bank have total check deposits = $150…

Q: 1. Determine the demand equation vith complete solution then graph the demand curve. Ansume that you…

A: The demand schedule shows the combination of price and quantity demanded.  Following is the demand…

Q: A consumer is faced with the followlling Utility Function, U(x, x2) = (x 1+ x ) e, where 0<p<1. The…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: What are the main factors that made Xiaomi a leading smartphone company in China and What do…

A: Xiaomi is a leading smartphone manufacturing company, which is a China based company. Its main…

Q: Analyze the role of employees, change strategy, and the management in reducing chance resistance.

A: In an organization or a business entity, the key roles are played by the employees, a business will…

Q: 2. Was the decision to lower the price of cigarettes by the weaker firms in the industry correct…

A: The effect of change in  price on the quantity sold depends on the nature of commodity . Normal…

Q: Can excess profit be earned in the olipolistic industry in the long run. Explain.

A: There are certain barriers to the entry of new firms in oligopolistic industry. Due to these…

Q: A circus is scheduled to appear in a city on a given date. The profits obtained are heavily…

A: Decision tree is considered to be one of the most useful equipment for classifying and predicting.…

Q: Search about transportation safety and economics in the Philippines and discuss.

A: Transport is a critical area in the Philippine economy, linking populace and financial focuses…

Q: Describe the impact of an 300Billion Dollar increase in government spending when the marginal…

A: Government spending is the tool of fiscal policy is used to stabilize the economy.  Government…

Q: A downward sloping Philips curve implies that output increases as inflation rises. TRUE / FALSE An…

A: In economics, the Phillips curve is used by economists and policymakers to explain the relationship…