Q: What was the value added by Carlo's Bakery?
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A: The entities in an economy are involved in various activities. These activities are associated with…
Q: 3. Solve the
A: Derive the value of z by solving each equation
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A: Production is the process of combining the different inputs and materials to get consumable output.…
Q: In a circular flow diagram which one of the follwing transactions happens in the market for goods…
A: In a circular flow diagram the following transactions happens:A)Selena pays a storekeeper $2 for a…
Q: Sket in a) The cost of the CPI market basket at base period prices: 2010 CPI market basket Cost of…
A: (1) CPI for 2010 CPI = Cost of basket in current year/Cost of basket in base year x 100 = (10x1 + 5…
Q: In the simple-circular flow diagram, the flow of money from the firms to the markets for factors of…
A: Circular flow diagram is a model that shows how money flows among households and firms through…
Q: Explain any two of the problems in measuring the cost of living
A: In a specific location and historical period, the cost of living is the amount of money required to…
Q: Fix uestions 64% 1. Name the 3 Factors of Production.
A: Note: In the BNED Guidance, only the first question can be answered at a time. Resend the question…
Q: If there are only two goods, apples and bikes produced in the economy; in 2015 total production of…
A: The cost of the basket is the total cost of products and services manufactured in an economy.
Q: increase, b. Did the worker's productivity decrease, or remain the same? (Round your intermediate…
A: Productivity is measured through weighing inputs, which includes labor, capital resources, and…
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A: Given: Total income=5 million Wages received=3.5 million Rent payment=1 million Interest…
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A: Production Function is given as Q = 3K + 4L Average…
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A: Okun's law => Y - Y*/Y* × 100 => -2(U - U* ) Here, Y = Real GDP Y* = Potential GDP U = Actual…
Q: che number of workers. Find the ize f he okore that maimizes he average product of abourand venfy…
A: Q = 300L2 - L4 APL = Average Product of Labor = Q/L = 300L - L3 = ∂APL/∂L = 300 - 3L2 = 0= L2 = 100=…
Q: A firm used $1,900 worth of peanuts and $100 worth of salt to produce peanut butter. This required…
A: Value-added is a method of calculating the final value of the output of a firm and GDP without the…
Q: What is meant by the term cost of living? Define and explain it.
A: Cost of living is a way to calculate the minimum amount of money required to cover basic need of an…
Q: ne table below shows the total expenditure on a basket of goods and services; use this information…
A: The table below shows the total expenditure on a basket of goods and services . Index number formula…
Q: A) :What is S if Y=200, AE=260, C=220 and I=40 in an imaginary economy? B) : If the disposable…
A: Consumption refers to the expenditure by households on final goods and services. Disposable income…
Q: Why does the general public often refer to the cost-of-living index?
A: The economy consists of different type of people in it. There will be some with high financial…
Q: 5. Economic s Income level and savings level are $7500 and $3200 Find APS.
A: The data presented in the question above is:- Income = $7500 Savings = $3200 We need to find the…
Q: What is measured by how many goods and services a worker produces in an hour? O gross domestic…
A: Meaning of Factors of Production: The term factors of production refer to the situation under…
Q: Why must we connect earning power and purchasing po1ver to the concept of time?
A: The purchasing power is the financial ability of an individual to consumer goods and services in a…
Q: What is meant by the cost of living? Describe the cost of living in the state of New Jersey.
A: Cost of living can be explained as the money required for the expenses incurred on the basic…
Q: Fl in the blariks When a country's income is PHP20008, you spent PHP1,75o When your income changed…
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Q: In January 2015, Tim's Gyms, Inc. owned machines valued at $1 million. During the year, the market…
A: Gross investment: It is the money spent on the purchase of new capital. Net investment: It is the…
Q: O C,R O D,L O B,R D,M
A: Game theory is used to model different strategies between two or more players. That is where we find…
Q: What is differance between three sector ecnomoy and four sector ecnomoy
A: The three-sector economy involves three sectors namely: households business, and government .The…
Q: Production function 9.= fCL)where average product of labour LAPL) and murginal product of labaur…
A: We will first understand the relationship between the MP, AP curves. The curves are constructed by…
Q: Calculate the value of GVAFC IF:- Sales = $180 Change in stock = $30 Purchase of raw material =…
A: The given information is as follows:- Sales = $180 Change in stock = $30 Purchase of raw material =…
Q: Price of petrol was Rs. 60 per litre in 2015 and Rs. 100 per litre in 2021. The average wage in…
A: In an economy, purchasing power refers to the actual worth of the money that is kept with the people…
Q: 10. When MU is falling, TU is: (a) Rising (c) Not changing (b) Falling (d) Maximum
A: The study of however individual customers, groups, or organizations choose, buy, use, and eliminate…
Q: The change in output or total product the business, would achieve in the current period byexpanding…
A: Total product refers to the total amount of output that the firms can produce. The total product is…
Q: とこ X. M3= m= PiXi +Pz Xz So, X つ. ..? ひこ 7 of
A: The utility function will be maximized subject to the budget constraint. The point of optimal…
Q: Madeleine is a high school graduate deciding whether to go to university. She (like everyone else)…
A: Madeline's net (recent value of income) = income in period 1 + income in period 2(1+r)Without…
Q: Investment (I) includes: O the amount spent on stocks and bonds. O the amount spent on new factories…
A: expenditure approach: GDP= consumption+investment +government expenditure+net exports
Q: Question 05: Benjamin Franklin coined the phrase "Time is Money", and spelt out the associated…
A: Time is money means it is valueable as money . So it's good to do something but not be idle .…
Q: what is Circular flow of production units?
A: circular flow model Lets understand this concept with an example:- In this circular flow model…
Q: QTFC TVC TC MC AFC AVCATC 10 4 4 4 Calculate Q when TVC = 4 Round to 2 decimal points. Do NOT…
A: Marginal cost is the total change in cost due to one additional unit of production . Whereas TC =…
Q: Discuss wether all firms in a country will welcome a change in people’s income. MUST use examples,…
A: The markets are the place where the buyers and sellers of the goods and services tend to interact…
Q: The real GDP of country ABC is $1,000. The population of ABC is 250. The real GDP of country XYZ is…
A: In economics, labour is a component of production, and when the labour force grows as a result of…
Q: 2. give two curvilinear equations of thr sector economy: IS, where Y = 2000 – 5000r IS2 di mana Y =…
A: Given that, IS1, were Y = 2000-5000r IS2 were Y = 3000-5000r
Q: Consider the data points in the table below Y. 80.0 60.0 1.0 2.0 3.0 400 200 00 4.0 50 Graphing…
A: We have been given a table with different points. We will plot the points taking X on x axis and Y…
Q: What does ceteris paribus mean? O A. other things remain unequal ов. other things remain constant…
A: Ceteris paribus means other things remain constant or fixed. It is mainly used when we assume that…
Q: Which of the following are features of th
A: Game of economics is the study which deals with in how many ways the interacting choices of economic…
Q: 1. 1he flowing data was for Phosphate Company, the output (Yi) in 2010 was 2 billion $. in 20011 was…
A: For different years of output we have different years cost associated with output. So the sum of C2i…
Q: When the price of electricity rises, some consumers begin to install solar panels in their homes.…
A: Consumer price index refers to the measure of overall cost of the goods and services that is…
Q: Write a note on the HDI indicator.
A: The phase of extending the rights and possibilities of citizens and increasing their standard of…
Q: The Batguano company produces 200 tonnes of fertilizer using only labour and capital. The fertilizer…
A: Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Last year, Jarod left a job that pays $80,000 to run his own bike-repair shop. Jarod's shop charges…
A: Accounting costs, also referred to as explicit costs are the costs that a firm pays out of its…
Q: Year Price of a Price of a Shirt Hotdog 2009 $40 $3 2010 $45 $4 2011 $50 $3 1. If the base year is…
A: The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket…
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