When using the income approach to measure GDP, what calculation must be done to convert GDP at factor costs to GDP at market prices? The calculation is ______ to factor costs. A. add a statistical discrepancy B. add indirect taxes less subsid

Q: Aniva (tariff $1,000) mly (quota 40 million rugs) or False: The increase in demand helps domestic…

A: World price = $3000 In Aviva , tariff =$1000  so price = world price + T = $4000 price = $4000 At P…

Q: Explain market structure differences at coca cola

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Q: 6 Price (dollars) CU D 400 600 Quantity 800 1,000 Exhibit 4-2 represents the orange juice market.…

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Q: Why should the study of agricultural systems, particularly peasant agriculture, and the rural sector…

A: Economic growth and development, according to civil service economic research, is the process by…

Q: Use a supply and demand graph to show the impact of the following on the equilibrium price and…

A: What are the 4 kinds of goods? There are 4 different kinds of goods in economics, which can be…

Q: though increased government investments in infrastructure ved or created 1.1 million jobs in…

A: 1) There is no such thing as a free lunch  —>  this means that even if money is not involved in a…

Q: Explain how the concept of Nash Equilibrium can be applied to the tragedy of commons.

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Q: 67

A: We know that The labor market alludes to the supply of and demand for workers, in which workers give…

Q: QUESTION 3 The study of an economy's price level is explicitly a part of O macroeconomics.…

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Answer the question based on the following information for a public good. Pa and Pb are the prices…

A: Willingness to pay for last unit consumed is referred as the marginal willingness to pay which is…

Q: Compare the alternatives shown below on the basis of their AW and determine which alternative should…

A: The rule for selecting alternatives based on annual worth: The alternative whose equivalent uniform…

Q: • Use the data from the table below to construct correctly labeled side-by-side graphs showing the…

A: Microeconomics refers to the branch of mainstream economics that studies the behavior of individuals…

Q: Question 5 An economy produces only apples and oranges. The table shows the prices and the…

A: Here, information about price and quantity of two goods, apples and oranges, is given for two years,…

Q: Match each Factor of Production with its example. Land Labor Capital Entrepreneurship III Cornfield…

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you…

Q: Consider the following two equations for the demand and supply: Supply curve: Qs = 10 + 2P Demand…

A: Disclaimer: - Since you asked multipart question, we are solving only the first one as per…

Q: Suppose a firm’s cost function is given by C(q) = 20 + 10q − 4q^2 + q^3 (a) What is fixed cost? (b)…

A: Given information: We have given the cost function.  i.e., C=20 + 10q - 4q2 + q3 The cost function…

Q: Recently, a series of studies have demonstrated the considerable beneficial health effects of food…

A: Supply curve is graphic portrayal of the connection between product price and quantity of product…

Q: ITEM A B C D E Pretzels 0 300 450 600 700 Notebooks 125 100 50 25 0 What is the opportunity cost of…

A: Opportunity cost is the cost that we have to bear in terms of other goods. Resources are scarce and…

Q: 23. What are economic benefits of using biodegradable plates? Explain.?

A: We know that Biodegradable plates are substitutes for plastic plates. The reason biodegradable…

Q: If the price elasticity is not between 0 and 1, demand is a. perfectly elastic. b. unit elastic c.…

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Q: Nonprofit human service organizations obtain the majority of their resources from: Group of answer…

A: Associations officially organized courses of action of individuals, apparatuses, and assets united…

Q: hat is GNP? GNP is the market value of all the final goods and services _____. A. produced within a…

A: Macroeconomics refers to the branch of economics concerned with huge-scale or general economic…

Q: The author of the text defines economics as the science of efficiency. the study of how humans make…

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Q: Describe the role of franchises and nonprofit organizations in market economies., explain labor…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: A. Write short notes on the following i. Give an overview definition of mathematical economics. ii.…

A: Economics is a social science that studies how goods and services are produced, distributed, and…

Q: stance on globalization and its role on economic progress?

A: Globalization: This means that different customs and customs shared by local communities were shared…

Q: Is the market for electricity regulated?

A: Electricity market usually characterized by the monopoly market structure. Generally, government…

Q: what is customer satisfaction for food ?

A: Customer satisfaction is a metric that measures a company's customers' level of satisfaction with…

Q: 7. A honey farm is located next to an apple orchard and each acts as a competitive firm. Let the…

A: In economic matters, an externality or external expense is a circuitous expense or advantage to a…

Q: What is the nominal rate of interest compounded continuously for 10 years if the compound amount…

A: Nominal interest is the interest before adjusting inflation.

Q: (c) Derive the mixed strategy Nash equilibrium (MSNE). What is the proportion of Hawks and Doves? If…

A: We have given the game table    Animal B Hawk Dove Animal A Hawk (-10, -10) (20,0) Dove…

Q: Suppose you find that MU1(X1Xx2)=2x2 and MU₂(x1+x₂)=2x1. What is the rate at which the consumer is…

A: Q1   1.5   Q2   For this consumer good 1 and good 2 are perfect complements because MU1 (X1,X2) = 2,…

Q: Use the linear demand curve shown below to answer the following questions.   a.         The point…

A: The concept of Elasticity of demand in economics is described as the relationship between price and…

Q: C. A travel company is the only provider of holidays (of one week's duration) to two private island…

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Q: You have just moved to a new country to take up a two-year assignment. You need  to buy a car and…

A: In new car case  Cost of car = $20000 Depreciation= 50%  Value of car after 2 years will be $10000…

Q: If savings are at $1300 and income is worth $2200, what would the value of consumption be

A: According to neoclassical economists, ingestion serves as the ultimate goal of economic activity; as…

Q: Apply the cost-volume- utility model for the graphical and mathematical definition of the…

A: Annual fixed costs: $1,500,000 Variable costs per unit: Housing: $20 Buttons: $5 Card: $10

Q: In a market-oriented economy, the amount of a good that is produced is primarily decided by the…

A: There are unlimited wants of people in the world, and resources to fulfill these wants are limited.…

Q: ) You buy a $200,000 house using a 30-year mortgage. At the end of the 15th year you will need to…

A: Equivalent annual cost (EAC) is the annual cost of owning, operating, and maintaining an asset over…

Q: Consider the following data: Number of Customers a Restaurant Serves per Year Year 20002000…

A: A probability distribution depicts the normal outcomes of potential qualities for a given data…

Q: Suppose inverse demand is given by the following equation: P(Q) = 600 - 20Q Suppose further that…

A: A monopoly is a market structure where a single seller or producer expects a predominant situation…

Q: Refer to the exhibit below. Currently the market is in equilibrium at a price level of $2 per pound…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: Suppose you find that MU₁(x₁+x₂)=2x2 and MU₂(x1,x2)=2x1. What is the rate at which the consumer is…

A: Marginal Utility is the additional utility that a consumer gets or receives in the case of the…

Q: In Town A there is only one newspaper, Daily Outrage. The demand for the paper depends on the price…

A: Given data  The given expression for demand function Q=15S1/2 P-3 . The unit of scandal is £10S

Q: People will consistently sit through terrible movies at the theater instead of leaving early. This…

A: Sunk cost is the cost which cannot be recovered as ticket cost of the movie  in the case. Because if…

Q: A duopoly faces an inverse market demand of P(Q) = 150−Q. Firm 1 has a constant marginal cost of MC1…

A: As we know that if firm colludes, they will jointly decide the output and price and they will behave…

Q: Is tipping a waiter 15% of the bill traditional,market or command in economics?

A: Tipping a waiter 15% of the bill is a tradition in some cultures. In others, it is considered a…

Q: Give any Philippine Businesses/Companies that engages Internationally. Write at least a 2 paragraph…

A: One example of a Philippine business that engages in international business is Jollibee, a fast food…

Q: Which of the following is a money market security?

A: Money market securities are debt products with maturities of one year or less. Money market…

Q: Suppose that the price elasticity of the demand is 0.76. If we increase the price of the the…

A: The quantity demanded of a good or service divided by the percentage change in price is the price…