Q: Why does GDP includes net exports instead of simply exports?
A: Since, you have posted multiple questions, we will solve the first one for you. If you want any spec...
Q: When using a supply-and-demand model to illustrate how land rents are set, economists typically draw...
A: Land is the type of factor pf production on which the business plant is built. It is one of the most...
Q: Why does Chang (2011) argue that there is no such thing as a free market? Why is immigration central...
A: In the relаted аrtiсle, Hа Jооn Сhаng wаnted tо соnvey thаt there exists nо mаrket in...
Q: The relationship between the inflation rate and changes in the quantity of money a. Marco, examining...
A: An activity will be classified as micro or macro based on its impact on the society.
Q: Suppose there are two goods beverage and pizza and two inputs land, T, and labor, L. Given atb=5011,...
A: In economics, a production function illustrates the relationship between the quantity of output prod...
Q: Question 5 of 16 Sandra's company has a machine that can produce a maximum of 45,000 components per ...
A: Breakeven is a point where a firm earns zero profit or at a situation of no profit no loss. It is a ...
Q: Discuss Expansionary Fiscal Policy. Who is responsible for implementing fiscal policy? What may be a...
A: Policies are created by the government in order to keep the economy on track and ensure economic dev...
Q: Higher Indifference curve means: (a) Consumer has got increment in income (b) Higher utility (c) Pri...
A: # by the name itself we can understand that all the points which lie on an indifference curve provid...
Q: 3. Assume you have $5,000 burning a hole in your pocket, so you decide to invest it into something Y...
A: Given that; The investor has $5000 and he has following to options:- 1) Bitcoin 2) His high school f...
Q: An understanding of the adverse selection and moral hazards can help us better understand financial ...
A: Moral Hazard:- It can be explained as a situation where one party shares incorrect details of alters...
Q: Show that for a proit-maximizing firm producing at its optimal quantity, y, its average total cost ...
A: The equilbrium price and quantity of a good sold in a competitive market are determined by the force...
Q: Suppose that the government imposes a tax on cigarettes. Use the diagram below to answer the questio...
A: An efficient market is one that operates at a price when buyers and suppliers have equal willingness...
Q: Süpply and Demand: End of Chapter Problems 2. Determinants of demand Select all the factors that mig...
A: In a market, demand determinants will have an influence on the demand for a specific good.
Q: Q.3.2 The firm employs workers for R100 per day. Each unit sells for R30. The firm’s production func...
A: Cost of workers, wage=R100 Price=R30 Marginal Physical Product or Marginal product is the addition...
Q: Work It Out In the country of Wiknam, the velocity of money is constant. Real GDP grows by 3 percent...
A: a. According to quantity theory of money Growth rate of money stock + growth rate of velocity = gro...
Q: Suppose a consumer consumes two goods. Shawarma fries and milktea and has utility function u(x,y)=xy...
A:
Q: Question 2 Which of the following statements is correct in the case of a four-sector economy? a) G e...
A: According to the given question A four sector model is an model which actually includes the governme...
Q: Manage the liquidity of the Timberlake Bank given the following scenarios. The legal reserve require...
A: Ans Current Assets = Other Assets + Loan Current Assets = $100 + $385 = $485 Current Liabilities ...
Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions (E):...
A: Please find the images attached for detailed explanation
Q: d). Investment demand becomes less interest sensitive. -1-
A: In an economy, IS-LM model is an economic tool to describe the connection between goods market and m...
Q: UBI
A: Ans :- Thomas Paine
Q: Suppose that a firm that makes bicycles buys its tires, in pairs, and frames from other firms, and t...
A: The study of economics can be divided into microeconomics and macroeconomics. Microeconomics studies...
Q: In times of recession, it is the banks who ultimately decide whether a particular business survives ...
A: А dоwnturn is а time оf deсlining mоnetаry exeсutiоn асrоss а whоle eсоnоmy thаt gоes ...
Q: api Input 10I Market for Research Assistants 20 18 I Wage (Dollars per hour) 4 Supply 16 Labor Deman...
A: Market equilibrium wage=10 Market equilibrium quantity of labor= 250
Q: Which of the following is most likely shift out the demand curve for mobile phone calls? Group of a...
A: The most likely shift out the demand curve for mobile phone calls can be a great advertising campai...
Q: What nominal interest rate per month is equivalent to an effective rate of 3.6% per quarter compound...
A: The Formula is used to calculate the Nominal Quarterly Interest rate i = er - 1 Here, r = nominal I...
Q: Suppose that the Brazilian government destroys a substantial portion of its coffee harvest in order ...
A: Explanation:-
Q: If C = 0.0001Q2 + 3Q + 6000 is a total-cost function, find the marginal cost when Q = 100.
A: Here, total cost function is given as: C = 0.0001Q2 + 3Q + 6000
Q: market for a certain type of golf clubs has the following supply and demand: QS QD ere p denotes the...
A: Equilibrium is achieved at the output level where Qs equals Qd.
Q: Distinguish between a shift in and a movement along the demand curve.
A: Introduction: Any change in demand for a good caused by the change in the price of that good leads t...
Q: How does the government make an equitable/impartial/fair distribution of income? Give an example and...
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...
Q: A piece of machinery can be bought for P10,000 cash or for P2,000 down and 20,000 at the end of 15 y...
A: Present Value refers to the value of cash flows today which is to be received at some future time gi...
Q: Determine whether each of the following is an explicit cost or an implicit cost :a. Payments for lab...
A: The total cost incurred by a firm operating in a market includes fixed costs and variable costs. Fix...
Q: Carefully explain what is happening in the following markets. Indicate the impact if any on dem quan...
A: Market for box fans are described below:
Q: one of the 6 reasons health care is so expensive in a USA?
A: Ans is :- [B] US population is too big
Q: 4. Effects of a tariff on international trade The following graph shows the domestic supply of and ...
A: Answers: 320 50 8000
Q: Which of the following student loans DO NOT qualify for student loan forgiveness? A.Direct Unsubsi...
A: Direct subsidized student loans do not qualify for student loan forgiveness because it is a conseque...
Q: (engineering economic) The $56000 loan bears interest at 12% annually and must be repaid in uniforrm...
A: Loan interest = $56000 Interest rate annual = 12% Annual installment till = 6th years
Q: The demand function for apples is the following. Qn = 10 – Pn + 0.2Y +0.5 Pc – 2Ps + 0.2A Where: Qn ...
A: Correct : b. It will decrease by 0.5 million kilos.
Q: True, false or obscure. Justify your conclusion. a) It is desirable to have inflation as close to ze...
A: The measure which tends to calculate the overall increase in levels of prices or an increase in the ...
Q: Suppose you are Charge of procurement sheating system för factory building. Option A is quoted as an...
A: According to the question, Option B costs $17.000 more than Option A Initially. To check whateverthe...
Q: 1. A young engineer wishes to buy a house but can only afford monthly payments of $500. Thirty year ...
A: Here we can find the price of the most expensive House he can afford to purchase which are as follow...
Q: Minimization CT = W1X1 + W2X2 Hold it: Y = X,1/3x21/6 where X1 and X2 are the productive factors and...
A: Given, Y=X11/3X21/6 CT=W1X1+W2X2 X2=27, and W2=2 In the short, one factor remains variable and other...
Q: Q1: Answer the following questions with the help of the table that shows the demand and supply for p...
A: The quantity demanded of the good is defined as the amount of the good the consumers of the good wil...
Q: installation of a heating system for a Suppose you are in charge of the procurement factory building...
A: According to the question, Option B costs $17.000 more than Option A Initially. To check whatever th...
Q: Calculate inflation when nominal interest rate is 8% and the real interest rate is 2% Help!
A: # The formula for real interest in the economy is explained by the fisher's equation as:- Real inter...
Q: The Ministry of Tourism in the Republic of Palau estimates that the demand for its scuba diving tour...
A:
Q: Suppose that the government imposes a tax on cigarettes. Use the diagram below to answer the questio...
A: Answer: According to the above figure the equilibrium occurs at point E where the supply (S) curve ...
Q: lemons. The following graph shows the domestic demand and domestic supply curves for lemons in New Z...
A:
Q: An economy produces two goods: hot dogs and burgers. In 2014, 15 hot dogs are produced at a price of...
A: Given Product Quantity (2014) Price (2014) Quantity(2015) Price (2015) Hot Dogs 15 2 20 4 Bu...
When an ice cream shop charged $3.00 for an ice cream it sold 300 ice creams in a day. When the same store charged $2.00 for an ice cream it sold 420 ice creams in a dayWhat is the
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Suppose Erin, the owner-manager of a local hotel projects the following demand for her rooms: a. Calculate the price elasticity of demand between 90 and 110. b. Is the price elasticity of demand between 90 and 110 elastic, unit elastic, or inelastic? c. Will Erins total revenue rise if she increases the price from 90 to 110? d. Calculate the price elasticity of demand between 110 and 130. e. Is the price elasticity of demand between 110 and 130 elastic, unit elastic, or inelastic? f. Will Erins total revenue rise if she increases the price from 110 to 130?If the midpoint on a straight-line demand curve is at a price of $7, what can we say about the elasticity of demand for a price change from $12 to $10? What about from $6 to $4?What is the price elasticity of demand for a vertical demand curve? a. Perfectly inelastic b. Inelastic but not perfectly inelastic c. Unitary elastic d. Elastic but not perfectly elastic e. Perfectly elastic
- The price elasticity of the demand for gasoline is -0.02. The price elasticity of demand for gasoline at Joe’s 66 station is -1.2. Explain what might account for the different elasticities.A college raises its annual tuition from 23,000 to 24,000, and its student enrollment falls from 4,877 to 4,705. Compute the price elasticity of demand. Is demand for the college elastic or inelastic?Suppose you learned that the price elasticity of demand for wheat is 0.7 between the current price for wheat and a price 2 higher per bushel. Do you think that farmers collectively would try to reduce the supply of wheat and drive the price up 2 higher per bushel? Explain your answer. Assuming that they would try to reduce supply, what problems might they have in actually doing so?