Q: Consider the Solow growth model seen in lectures. Use n to denote population growth.
A: ANSWER the true in steady state is
Q: nsider the economic model: Yt Ct +i %3D Ct myt-1 it act-1 here y is GDP, c is consumption, i is inve...
A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...
Q: Explain market conditions in the long run
A: In the long run, perfectly competitive marketplaces look different than they do in the short run. Al...
Q: An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hou...
A: Introduction A consumer consumes 2800 kilowatt hours monthly and the manufacturing load of the plant...
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: 2. Why are index numbers used to measure the price level rather than dollar value of goods?
A: A rise in the price level indicates a decrease in the value of money, whereas a decrease in the pr...
Q: What is a real life example of what is happening at the 'cross' of the 'X', or where the labor deman...
A: The market supply of labor is the number of workers of a particular type and skill level who are wil...
Q: For how long would P1,000,000 have to be invested at 5% simple interest for it to double its value? ...
A: Given; Principal amount; P= P1,000,000 Interest rate; r= 5% Future value; A=2P ...
Q: 1. A company wants to launch a new product. it is observed that the fixed cost of the new product is...
A: (1) D is the quantity of product produced. The fixed cost is $35,000 ------------------------------ ...
Q: Give 3 points on How can implementing return bottle policy in business help decrease waste in landfi...
A: Clean environment is the right of each and every people but anthropogenic activities is violating it...
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: Discuss the following statements : explain whether the statement is TRUE or FALSE, and provide justi...
A: Two utility functions that provide the same rank ordering of consumption bundles are positive monoto...
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
Q: QUESTION 20 The basic formula for the price elasticity of demand is: Oa the total change in demand d...
A: Since you have posted multiple question, as per answering guidelines, we can solve only one question...
Q: What is the advantage of capital gains treatment of income compared to expensing?
A: Capital Gains Income: One of the most sought-after investments is a residential property. The major...
Q: Evidence suggests that, following some exogenous shock, exchange rates change: Select one: O a. None...
A: Option D Before Prices change
Q: Consider a closed economy with consumption, production, and government. The representative consumer ...
A: A closed economy is one in which one country is absolutely independent in terms of production and ha...
Q: A start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First...
A: ANSWER A start up business is considering two types of equipment - Data are as follows.
Q: Select the correct one : Q-1) President Biden wants to increase the estate tax (the tax on wealth w...
A: An estate tax is a levy levied on estates whose value exceeds a statutory exclusion limit. Just the ...
Q: An equipment costs ¥ 10,000 with a salvage value of ¥ 500 at the end of 10 years. Calculate the tota...
A: Given: The equipment cost is = ¥ 10,000 Salvage value = ¥ 500 To Find: The depreciation charge and...
Q: Three transportation projects have been proposed to increase the safety in and around a residential ...
A: We are going to find the NPWs for each alternative to answer this question.
Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life expect...
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...
Q: A Fast-Moving Consumer Goods (FMCG) Company produces certain items at a labor cost of P 115 each, ma...
A: Given information are- Labor cost =P115 per unit Material cost =P76 per unit Variable cost =P9 per u...
Q: Jonny and Chen Brad Baxter have just made a documentary movie about their basketball team. They are ...
A: Given Information: Fees charged by the internet service provider per download is nothing but the Mar...
Q: The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity a...
A: The curve that depicts the quantities that are being demanded by individuals at various levels of pr...
Q: 2. Why does the "quality/new goods bias" arise if the inflation calculated based on a fixed basket o...
A: Inflation is a proportion of the pace of rising costs of labor and products in an economy. Inflation...
Q: explain State policies that mandated the release of physician report cards were greatly beneficial t...
A: Several states have begun publishing hospital report cards as a result of state legislative mandates...
Q: 3. The equation of the production function for calculators is q = 5KL + 30L, where q is total output...
A: Given the information: q = 650 unitsq = 5KL + 30LK = 20 units
Q: 2. Explain why rich countries tend to have more educated populations. --tien mattere I on ·.. ..... ...
A: People in wealthier nations are more likely to be educated.
Q: A state park is selling firewood at $5/bundle and juice at $4/bottle. Firewood costs the park $4/bun...
A: Consumer surplus is the area below the demand curve and above the market price. It is defined as the...
Q: Given the following individual demand and supply equations for onions: Qd = 40 - 3P Qs = -20 + 5P Re...
A: Demand curve shows the negative relationship between price and quantity demanded whereas supply curv...
Q: 2. Cross country comparisons of labor productivity. Show all work, LABEL carefully and NOTE UNITS. L...
A: Introduction capital labor ratio can be calculates as total numbers of capital stock in economy divi...
Q: Price (dollars per bunch) 24- S+tax 22 20 1818 16 14-14 12 10- D 60 80 20 40 60 80 100 120 140 Quant...
A:
Q: How do taxation and government spending impact the economy of a country positively in three ways and...
A: Positive impact of taxation Cutting taxes enhance demand by increasing disposable income and encoura...
Q: Sipho runs a local kiosk specialising in slogan t-shirts. At the end of summer, he hosts a clearanc...
A: Elasticity of demand is used to give the relative change in price due to relative change in determin...
Q: Abbott wants to increase their marketing for Pedialyte leading up to St. Patrick's Day this year. Th...
A: Given information Ad cost=$5000000 at week 2/13/2022 Ad cost on 3/6=$800,000 Sales on 2/20=$500,000 ...
Q: Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functi...
A: Given: The supply function is: P = q2 + 30q The demand function is: P = -2q2 + 10q + 3,300 To Find: ...
Q: Katie's preferences display completeness, transitivity, nonsatiation, and a diminishing marginal rat...
A: Katie's Previous: Income, M = 1000 Px = 10 Quantity of X = 30 units Total spent on X = 10*30 = 300 S...
Q: Should the Imitation Gap Theory be discarded as a practical explanation of trade pattern? Please cit...
A: No, the Imitation Gap Theory is not to be dismissed as a viable explanation for trade patterns. In 1...
Q: A corporate expects to receive $36,144 each year for 15 years if a particular project is undertaken....
A: The difference between the present value of cash inflows and the present value of cash outflows over...
Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...
A: Managrial economics is a part of financial matters including the utilization of monetary techniques ...
Q: . Consider allocations b-f (meaning points a, b, and f). Which allocations(s) A. are better for Ross...
A: When an allocation makes at least one individual better off without making another individual worse ...
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: Explain the benefit principle and ability to pay approach with regard to tax equity. Which approach ...
A: Concept: Benefit principle: This principle implies that those who benefit from the public goods sho...
Q: Calculation question: Suppose the following data accurately estimates the costs and benefits you out...
A: The investment is suggested only when the Net present value is positive.
Q: The population of the world in 2015 was 9.75 billion people and was growing at a rate of 1.25% per y...
A: i. Given the population of the world in 2015= A=9.75B Let 2015 be period t=0 At period t=T, the tota...
Q: 3. Profits A. Are lower in the long run than in the short run Con be negative
A: To find : What is profit
Q: A market has a demand function given by the equation Qd = 180-2p, and a supply function given by the...
A: It has given, Qd=180-2pQs=15+pFor equilibrium,Qd=Qs180-2p=15+p-2p-p=15-1803p=165p=55and,Q=15+55Q=70 ...
Q: Suppose the demand for football tickets is QD=360-10P and the market supply is QS=20P. a) Calculat...
A: QD=360-10P360-10P=010P=360P=36andQS=20P20P=0P=0 For equilibrium,QD=QS360-10P=20P-10P-20P=-36030P=3...
Q: 1. The strongest case for a rent ceiling via rent control is when . . . (a) Demand is inelastic beca...
A: A price ceiling prevents a price from rising above a certain level. Demanders outweigh supply in var...
Step by step
Solved in 2 steps
- Would you expect total utility to rise or fall with additional consumption of a good? Why?Take Jeremys total utility information in Exercise 6.1, and use the marginal utility approach to confirm the choice of phone minutes and round trips that maximize Jeremys utility.Is it possible for total utility to increase while marginal utility diminishes? Explain.
- Explain why individuals make Choices that are directly on the budget constraint, rather than inside the budget constraint DI outside it.If people do not have a complete mental picture of total utility for every level of consumption, how can they find their utility-maximizing consumption choice?The rules of politics are not always the same as the rules of economics. In discussions of setting budgets for government agencies, there is a strategy called closing the Washington Monument. When an agency faces the unwelcome prospect of a budget cut, it may decide to close a high-visibility attraction enjoyed by many people (like the Washington Monument). Explain in terms of diminishing marginal utility why the Washington Monument strategy is So misleading. Hint: If you are really trying to make the best of a budget cut, should you cut the items in your budget with tile highest marginal utility or line lowest marginal utility? Does the Washington Monument strategy cut the items with the highest marginal utility or line lowest marginal utility?
- Let MUA = z = 10 − x and MUB = z = 21 − 2y, where z is marginal utility per dollar measured in utils, x is the amount spent on product A, and y is the amount spent on product B. Assume that the consumer has $10 to spend on A and B—that is, x + y = 10. How is the $10 best allocated between A and B? How much utility will the marginal dollar yield?A consumer has utility u(x,y,z)= ln(x) + 2ln(y) + 3ln(z) over the three goods, x,y and z and pZ = 1 . Optimally sheconsumes 30 units of z. What is her income? How much money does she spend on x?(HINT: MUX =??, MUY =??, MUZ =??and remember the “equivalent bang for the buck” condition)(b) Forget about (a). Suppose you have t = 29 hours in total to spend on 3 projects X, Y and Z to make some money.If you spend x hours on project X, you make 2√? dollars;If you spend y hours on project Y, you make ?√? dollars;If you spend z hours on project Z, you make ?√? dollars;Writing down your “utility function” u(x,y,z) and the constraint, solve the utility maximization problem; what isthe optimal amount of time to spend on x ? on y? on z ?(a) A consumer has utility u(x,y,z) = ln(x) + 2ln(y) + 3ln(z) over the three goods, x,y and z and pz=1. Optimally she consumes 30 units of z. What is her income? How much money does she spend on x? (HINT: MUx = 1/x, MUy= 2/y, MUz = 3/z and remeber the "equivalent bang for the buck" condition). (b) Forget about (a). Suppose you have t= 29 hours in total to spend on 3 projects X,Y and Z to make some money. If you spend x hours on project X, you make 2 sqrt(x) dollars; If you spend y hours on project Y, you make 3 sqrt(y) dollars; If you spend z hours on project Z, you make 4sqrt(z) dollars; Writing down your "utility function" u(x,y,z) and the constraint, solve the utility maximization problem; what is the optimal amount of time to spend on x? on y? on z?
- You have $4,000 to spend on entertainment this year (lucky you!). The price of a day trip (T) is $40 and theprice of a pizza and a movie (M) is $20. Suppose that your utility function is U(T, M) = T3/4M1/4.a. What combination of T and M will you choose? b. Suppose that the price of day trips rises to $50. How will this change your decision?Wherein:TU = Total Utilityf= is a function ofMU = Marginal UtilityO = units of consumptionA= infinitesimal change EMV= Expected Monetary ValueBob's utility function implies O time stationarity O transitivity O impatience O all of the above I need help with the questions