When making decisions about what safety systems should cars or airplanes, the estimated cost per life saved is. will only approve rules where the or less. OU.S. Congress; $2 million OU.S. Senate; $5 million Environmental Regulation Agency; $7 million O Environmental Protection Agency; $3 million
Q: If the price of a good or service changes then? a. nothing have necessarily changed - prices change…
A: In a market, price refers to the rate at which a specfiic amount of a good is exchanged between a…
Q: Joint venture does not improve access to financial resources. Question 17 options: True…
A: Joint venture is known as the arrangement between two or more firms to come together for a…
Q: Justin inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may…
A: Given that, Regular Endowment = P100,000 Time = 4 Years Rate Of Interest = 14% To calculate: Lump…
Q: 01. Quantity demanded at price $14 is O a) 8 O b) 10 O c) 12 O d) 16 e) 20
A: Equilibrium is a state in which economic forces like supply and demand are balanced and the…
Q: FREQUENCY DISTRIBUTIONS 2.26 Table 2.29 gives the frequency for gasoline prices at 48 stations in a…
A: A histogram, a relative-frequency histogram, a frequency polygon, and an ogive are shown below:-…
Q: Suppose that the US interest rate is 5.4% per annum and the interest rate in Japan is 2.8% per…
A: The forward rate is the expected future price for a currency. It is can be lower or greater than the…
Q: market demand function of a commodity is represented by Qx = 20-2Px -0.5Py + 0.01M; where Qx is…
A: Cross price elasticity of demand tell the sensitivity as the percentage change in the quantity…
Q: Explain in detail how an improvement in the national identification system can reduce adverse…
A: Dear learner you have posted multiple question here, as per our policy we have solved only first…
Q: Which of the following would economists expect to happen in a state that imposes a binding cap (or…
A: Equilibrium in the market occurs where demand is equal to supply.
Q: 7. Use cross-price elasticity of demand to define the following commodity types: • Substitutes…
A: The degree to which the quantity desired for one good responds to a change in the price of another…
Q: How do economists handle the issue of multiple market-affecting factors changing at once when…
A: Inflation is one of the primary economic marketing elements that affects consumers' ability to buy.…
Q: At mid-year 2018, the annual growth rate in Pakistan was 1.4%. What is your estimate of the per…
A: Gross Domestic Product (GDP) measures the value of final goods and services produced in a nation in…
Q: If Good X is an inferior good, an increase in consumer income shifts Group of answer choices a. the…
A: Demand curve is downward sloping, showing inverse relationship between price and quantity demanded.…
Q: 15. A PPF curve is based on the assumptions that resources are fixed and fully employed and…
A: Points on PPF represents the the combination of 2 goods which the economy can produce if it employs…
Q: Given the following data, use present worth analysis to find the best alternative, A, B, or C. Use…
A: Present worth analysis explains the amount which explains the current cost of the alternatives here…
Q: If a firm produces nothing, which of the following costs will be zero? Select one: O a. variable…
A: Total cost is the summation of total fixed cost and Total variable cost. Total fixed cost are those…
Q: Why do economists prefer to use real gross domestic product (RGDP) instead of nominal gross domestic…
A: GDP, often known as the national income of the economy in this context, measures the production of…
Q: Question 1 Suppose that the demand for toy drums is described by the equation QD = 300 - 5p, and…
A: Equilibrium is achieved at the output level where Qs=Qd
Q: A movie theater estimates that the price elasticity of demand for evening movie tickets is 1.22. If…
A: Elasticity measures the responsiveness of quantity demanded with respect to change in price. It is…
Q: Suppose the government imposes a price control at $1.50 per dose of the prescription drug. Think of…
A: Since government imposes price control at $1.50 per dose of prescription drug that means the market…
Q: Suppose that the Foreign country experiences positive news following the discovery of a valuable…
A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at…
Q: Adam and Eve live on two sides of the Garden of Eden, a small suburban development. After they move…
A: ▪︎No. A person's willingness to pay for a good or service is influenced by their income as well as…
Q: Why do economists prefer to use real gross domestic product (RGDP) instead of nominal gross domestic…
A: The nominal GDP refers to the final goods and services produced at market price within the domestic…
Q: What is the value of real GDP in 2019 if the GDP deflator is equal to 1.1 and nominal GDP is $21.5…
A: "Nominal GDP represents GDP at current prices without taking into account the adjustments for…
Q: III. 1. A man lends P 6,000.00 at 6% simple interest for 4 years. At the end of this time he invest…
A: Simple Interest is the amount returned for using the borrowed funds over a predetermined amount of…
Q: Distinguish between Fisher’s quantity theory and Keynesian’s theory of money
A: The fundamental tenet of Fisher's quantity theory of money is that inflation is primarily caused by…
Q: If nominal GDP was roughly $10,000 and the GDP deflator was 110 in 2016, real GDP is closest to a…
A: Real gross domestic product (real GDP), often referred to as constant-price GDP, inflation-corrected…
Q: Justin inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may…
A: The time value of money refers to the concept that a sum of money is worth more now than the same…
Q: Increases in risky conduct as a result of efforts to make that behavior safer are referred to as…
A: Moral hazard refers to the potential that a party did not enter into a contract in good faith or…
Q: Draw and explain what happens in a circular flow of income?
A: Income is the net sum of all payments received over a specific period of time. Money flowing into…
Q: Question 2 David spends his budget on chocolate and chip. His utility function is given by ?(?1,?2)=…
A: We are given: # Utility function : U(x1 , x2) = 2x1x2 Where x1 : number of chocolates he…
Q: cenari A farmer, Kgabo Phaka, is known for his high-quality cattle and he is one of the primary…
A: Key information from the above paragraph is mentioned below: A farmer "Kgabo Phaka" is the…
Q: Market demand for the nuclear substance pluranium is given below, along with the TR for the given…
A: Given:- Fixed cost=$60 Marginal cost=$20 Third degree price discrimination is seen where different…
Q: When the government receipts are more than the government expenditure we call it as Surplus budget…
A: "In an economy, government makes expenditure which means government spends money on commodities and…
Q: Question 14 options: An entity formed between two or more parties to undertake economic activity…
A: At the marketplace, different types of firms enter to generate economic output by making various…
Q: Shala Co. is making a decision about investing in new technology. It currently expects to earn Php…
A: Expected value (otherwise called EV, assumption, normal, or mean worth) is a long-run normal worth…
Q: A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to…
A: The production expense incurred for each extra unit of output is referred to as marginal cost. It…
Q: Suppose a Utah bag shop, Wagner Bag Company, faces demand of q (P) = 10,000 - 20P and total costs of…
A: q = 10000 - 20P P = 500 - 0.05q C = 10000 + 25q
Q: If nominal GDP for 2017 is $62 trillion and real GDP for 2017 is $46 trillion, then the GDP deflator…
A: The gross domestic product (GDP) is a financial indication of the market value of all finished…
Q: The equilibrium price is and the price will and the quilbrium quantity is At a price of $10, there…
A: The market is said to be in equilibrium where the quantity demanded equals the quantity supplied. In…
Q: Identify and briefly explain the main effects of decreasing interest rate on the
A: Interest rate affects the economic activities in most significant way. It affects investments,…
Q: MACROECONOMIC
A: Money supply refers to the money stock held by public during a year. And there are various…
Q: Which of the following would most likely result in an increase in the demand for iPhones, assuming…
A: Demand curve is a downward sloping curve that shows different combinations of price and quantity…
Q: Plot: Ma=$Y-2(i) $Y vs.. vspa in a space. y-axis ↑ x-axij
A:
Q: Market demand for the nuclear substance pluranium is given below, along with the TR for the given…
A: The marginal cost of supplying megatonne of pluranium is $20 Fixed cost FC=$60 We know TC=VC+FC For…
Q: Why do bars offer free peanuts?
A: Bars tend to increase the demand for drinks and beers through the various incentives and…
Q: 2. Explain the law of increasing opportunity cost in a production possibility curve. What is the…
A: As per honor code, we’ll answer only one question at a time, we have answered the question 2. Please…
Q: QUESTION 7 Makenna has $60 each month to spend on apples and oranges. Apples sell for a price of $4…
A: Ans. 7. The budget constraint shows the combination of two goods that the consumer can afford given…
Q: What is the purpose of an economic system? Select all that apply. Multiple answers: Multiple answers…
A: An economic system aims at proper organization and distribution of the available resources. It aims…
Q: In a system without money, people trade goods and services directly. This means that some people end…
A: Economic definitions classify money as a good that acts as a store of value and a means of exchange.…
Step by step
Solved in 2 steps
- The ore of a gold mine in the province contains, on average, 0.5 ounce of gold per ton. Method A ofprocessing costs 150Php/ton and recovers 93% of the gold, while Method B costs only 120Php/tonand recovers 81% of the gold. If gold can be sold at 1,200/ounce, which method is better and by howmuch?a. Method A, by 43Phpb. Method A, by 42Phpc. Method B, by 42Phpd. Method B, by 43PhpIn the design of a jet engine part, the designer has a choice ofspecifying either an aluminium alloy casting or a steel casting. Either materialwill provide equal service, but the aluminium casting will weigh 1.2 kg ascompared with 1.35 kg for the steel casting.The aluminium can be cast for $. 80.00 per kg. and the steel one for$ 35.00 per kg. The cost of machining per unit is $. 150.00 for aluminiumand $. 170.00 for steel. Every kilogram of excess weight is associated witha penalty of $. 1,300 due to increased fuel consumption. Cost of using aluminium metal for the jet engine part?The costs of producing a commodity consist of ₱102.00 per unit for labor and material cost and ₱54.00 per unit for other variable cost. The fixed cost per month amounts to ₱850,000. The commodity is sold at ₱740.00 each,a. what is the break-even quantity per month?(Hint: for Break-even quantity, COST = REVENUE)b. how many units must be produced each month in order that the net profit equalsthe cost?c. what is the net profit if for a production of 4000 units per month, in pesos?(HInt: PROFIT = REVENUE - COST)
- Given problem: The ore of a gold mine in the Mountain Province contains, on average, 0.5 grams of gold per ton. One method of processing costs $1,650 per ton and recovers 93% of the gold, while another method costs only $1,500 per ton and recovers 81% of the gold. If gold can be sold at $8,500 per gram, which method is better, and by how much? Consider the income and cost per ton of ore. Solve for the net receipt of each method. *Round off answer in 2 decimal places. Thank youProblem 4. In the design of an automobile engine part, an engineer has a choice ofeither steel casting or an aluminum alloy casting. Either machine provides the sameservice. However, the steel casting weighs 8 ounces, compared with 5 ounces for thealuminum casting. Every pound of extra weight in the automobile has been assigned apenalty of $6 to account for increased fuel consumption during the life cycle of the car.The steel casting costs $3.20 per pound, while the aluminum allow can be cast for $7.40per pound. Machining cost per casting are $5.00 for steel and $4.20 for aluminum.Which material should the engineer select, and what is the difference in unit costs? 1pound = 16 ounceSelling price per large Snowie $ 5.00 Ice per Snowie $ 0.20 Spoon straw (need one per Snowie) $ 0.02 Styrofoam cup (need one per Snowie) $ 0.08 Napkin (need two per Snowie) $ 0.02 Servings per gallon of syrup 28 Cost per gallon of syrup (includes concentrate, preservative, and sugar) $ 8.00 Hourly rate for workers $ 10.00 Event registration fee per day $ 25.00 Electricity, insurance, maintenance, and permit costs per month $ 250.00 Kiosk rental cost per month $ 650.00 Purchase cost of two ice shavers (5-year life) $ 3,180.00 Purchase cost of a flavor station (5-year life) $ 1,080.00 a. Number of days you anticipate opening the kiosk per month 20 b. Number of hours you will work (no wages required) per day 6…
- the answer to this question is Q8.6= (a) CSF 5 0.6552 and CTF 5 0.6694 we just need to find how we get that answer for this question, please help NO EXCEL365 ht, Library, and ng Resources soft Teams ngs soft Teams s "Marble Madness" is a local carnival game, costing $2. There are 100 total marbles in a bag: 2 red, 8 orange, 10 yellow, 30 green, 30 blue, and 20 black. If a red marble is pulled, you win $6, an orange marble wins $4, and a yellow marble wins $2. A green, blue, and black marble result in a loss of the $2 cost to play. What is the expected value of a marble pull? Provide your answer belowPlease expert bro,hand written solution is prohibited.
- During your first month as an employee atGreenfield Industries (a large drill-bit manufacturer),you are asked to evaluate alternatives forproducing a newly designed drill bit on a turningmachine. Your boss’ memorandum to you haspractically no information about what the alternativesare and what criteria should be used. The same taskwas posed to a previous employee who could notfinish the analysis, but she has given you the followinginformation: An old turning machine valued at $350,000exists (in the warehouse) that can be modified for thenew drill bit. The in-house technicians have givenan estimate of $40,000 to modify this machine, andthey assure you that they will have the machine readybefore the projected start date (although they havenever done any modifications of this type). It is hopedthat the old turning machine will be able to meetproduction requirements at full capacity. An outsidecompany, McDonald Inc., made the machine sevenyears ago and can easily do the same…A European consortium has spent a considerable amount of time andmoney developing a new supersonic aircraft. The aircraft gets high markson all performance measures except noise. In fact, because of the noise,the consortium’s management is concerned that the U.S. government mayimpose restrictions on some of the American airports where the aircraftcan land. Management judges a 50–50 chance that there will be somerestrictions. Without restrictions, management estimates its (presentdiscounted) profit at $125 million; with restrictions, its profit would beonly $25 million. Management must decide now, before knowing thegovernment’s decision, whether to redesign parts of the aircraft to solvethe noise problem. The cost of the redesign program is $25 million. Thereis a .6 chance that the redesign program will solve the noise problem (inwhich case, full landing rights are a certainty) and a .4 chance it will fail. Using a decision tree, determine the consortium’s best course ofaction, assuming…Q.(i) . Selling Price :Rs. 12 Per UnitVariable Cost : 2/3 of SPFixed Cost :Rs. 40,000You are required to calculate:(a) Sales to earn profit of Rs. 8000.(b) Also show the BEPs in Breakeven chart. Q.(ii). Use the following information and explain that how the reduction in selling pricewould affect the MOS?Particulars Rs.Selling price per unit 40Material per unit 12Labour per unit. 8Variable Overheads per unit 4Total Fixed cost is Rs. 8, 000. Full capacity of the Plant is 5, 000 units.Reduced selling price is Rs. 32 per unit.