Q: a)Explain on the impact of a drop in the discount rate on the supply of money in the market. b)Based...
A: Money supply refers to the total stock of money in circulation at a point in time and the money supp...
Q: this table is tricky
A: Total utility is the sum of individual utility received by a consumer from consuming a particular qu...
Q: Label each statement according to whether it describes the consumer price index (CPI) or GDP deflato...
A: Consumer price index CPI is the measurement of GDP of a nation. It includes the weighted average pri...
Q: water is necessary for life is the marginal benefit of a glass of water large or small
A: The marginal benefit from consuming a glass of water is small.
Q: Northside Social (NS) sells cups of coffee and amazing breakfast sandwiches. The current price of a ...
A: The firm sells 1000 units of cup of coffee and 200 units of breakfast sandwiches in the market at th...
Q: If a single supplier produces such a small portion of the total market output that changes in its pr...
A: To determine the impact of the change in production by a supplier who supplies very small proportion...
Q: If the price of one of the products is associated with indifference curves increase, all else the sa...
A: Answer - If the price of one of the products is associated with the indifference curves increase, al...
Q: a. Based on these demand elasticity estimates, which fruit is most inelastically demanded? Which is ...
A: a.The item which is most in-elastically demanded is the one with the least elasticity of demand valu...
Q: Why do rich people have a higher marginal propensity to save than poor people?
A: In economics, the term marginal propensity to save (MPS) depicts the proportion of aggregate raise i...