Which of the following explains the slope of the demand curve for labor? a. the marginal productivity theory b. the law of diminishing marginal product c. the practice of featherbedding d. the result of monopsony

Q: The amount of money that a firm pays to buy inputs (resources) is called a. fixed cost b. total cost…

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: Fiat money is accepted as money becaus?

A: The term is gotten from the Latin word fiat, and that implies an assurance by power — for this…

Q: 2. In the retail trade industry, unionized workers earn 19.0% more than non-unionized workers do. As…

A: The answer is as follows:-

Q: MACROECONOMICS  Topic: Multiplier  Investment Problem Cost of bldg.. =5M Gross Revenue = 9.5 M…

A: a. Real interest rate = Nominal interest rate - Inflation rate= 12% - 8%=4%

Q: In a perfect competition with 100 identical firms, short-run market supply function of qS=150P+30…

A: Given qS=150P+30 and market demand is Q=8000 -200P Number of firms = 100

Q: The widget market is competitive and includes no transaction costs. Five suppliers are willing to…

A: Consumers are forced to compete in a competitive market.A competitive market is one in which many…

Q: My husband is sick of me drinking Coke every day. He tells me that if I give up drinking it for 6…

A: Below points are considered: *Give up the Coke for 6 months. *Both have agreed on the deal.

Q: According to our AA-DD analysis of fixed rates, a devaluation causes (a)   a rise in output. (b)…

A: A DD curve represents goods market (or demand) equilibriums, while an AA curve represents asset…

Q: The 5G smartphone market is expanding rapidly recently. Due to the advancement of technology, the…

A: Demand: It refers to the goods and services that are demanded by the people. More demands show more…

Q: 6, Given the equations for C, I, G, and NX below, what is the equilibrium level of GDP? C=1,000 +…

A: Answer;   The equilibrium GDP is $19250

Q: S. Fiscal policy, the money market, and aggregate demand Consider a hypothetical economy in which…

A: Given; MPC= 0.5 Increase in government spending= 3.5 billion Multiplier=11-MPC             =11-0.5…

Q: 0. What price should you charge in order to earn a profit of $2600? ume linear demand. should charge…

A: The price of $34.08 per sweatshirt, 110 shirts are sold. Then to sell 330 sweatshirts the price is…

Q: Table 1. Costs of a Restaurant Quantity Total of meals Cost made (Q) 10 1 2 29.0 3 30.5 4 5678 Fixed…

A: Fixed cost and variable cost together make up for total cost

Q: Question 3 We run the following model: cigarette,+Bymale, + we find that the R2 is 0.12 and the SSR…

A: Question 1: cigarette=B0+B1price+e B0: When the price of the cigarette is zero, the number of…

Q: The following information is for Questions 30-33: A firm's demand data from the last two quarters is…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Suppose the economy is in a recession. The economy needs to expand by at least $300 billion, and the…

A: Answer; = $ 90 billion

Q: The marketing department of a business has determined that the demand for a product can be modeled…

A: Demand, p=2000−10xx = 2000 - P10x = 200 - 0.1P TR = PQ                     .....Q=xTR = (2000 -…

Q: Use the following information to answer the question Quantity (number ofFixedVariable Total Marginal…

A:

Q: A British money financier is managing €10 million and wants to invest it in safe bonds either in…

A: (Q) A British money financier is managing €10 million and wants to invest it in safe bonds either in…

Q: The table shows an indifference schedule for several combinations of X and Y. Combination Quantity…

A: Bundle ( x,y ) At C is (12,3) At d is (10,4)

Q: Explain how each of the following will affect aggregate demand. In each case, draw a diagram to show…

A: Answer: (c). If the government passes legislation that increases the rate of corporate taxes then…

Q: Outline the key elements of the challenge of climate change policy from an economic perspective,…

A: Climate change is the worldwide issue which influencing every one of the nations whether they are…

Q: A food processing plant consumed 600,000 kW of electric energy annually and pays an average ofP2.00…

A: Given,  Food Processing Plant consumed 600,000kW of electric energy anuallyPays an average of P2.00…

Q: nterested in purchasing a new delivery vehicle so it can become a subcontractor with Amazon…

A: *Answer:

Q: Answer the next question(s) on the basis of the following cost data. Notice that fixed cost is $24.…

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

Q: Refer to the table below Quantity 0 1 2 3 4 5 Price $10 $10 $10 $10 $10 $10 $10 $10 8 $10 If the…

A: Total revenue is the product of price and quantity

Q: The following set of equations describe an economy: C = 14,400 + 0.5 (Y – T) – 40,000r Ip = 8,000 –…

A:

Q: Assume you are managing a one-year project and have listed the project earned management value as…

A: Cost variance = Earned value - Actual value = $22,000- $$27,000 = -$5000 As cost variance is…

Q: 10. Suppose that the store increases the price of shoes from $25 to $30. Using the mid-point…

A: Price elasticity of demand is described as  the ratio of the share extrade in amount demanded of a…

Q: Suppose Kim is running a digital start up company. She had total costs of $10,000 providing service…

A: When it comes to economies of scale, the size of the company matters. The greater the company's…

Q: The inverse demand for organic dog food is given by P1 = 24 - 2Q1, and %3D the inverse demand for…

A: As given inverse demand function of organic dog food is P1 = 24 -2Q1 demand for conventional dog…

Q: Consider a production function Q=5K0.75L0.25 , target level of production=5000, cost of labor= 0.5…

A: As given Production Function is Q = 5K0.75L0.25 Cost of labor = 0.5 and rental cost is 0.10

Q: What is an oligopoly? An oligopoly is a market structure OA. where many sellers compete by selling…

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

Q: What is the marginal cost forumla for TC= 10+5Q?

A: We know well that the Marginal cost is given as the ratio of change in total cost by change in…

Q: Why do high-end hotels charge for Wi-Fi connections while lower-end hotels do not? What is the…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: d) Under the function form of c), assume Jason's Marginal Rate of Technical Substitution (MRTSL, M)…

A: MRTS = MPL/MPK Price Ratio = w/r At the optimum a firm should maintain: MPL/MPK = w/r So if MRTS…

Q: Consider the AS/AD model. The AS curve is: ў, — а — bm(л, — т) and the AD curve is: IT; = T,-1 + UY,…

A: Introduction AD and AS model has given. AS curve: Yt = a  - b  m ( πt - π ) v  = 0.01 , o = 0.02, a…

Q: (a) Suppose real GDP per person falls during a devastating recession, which in turn causes…

A: GDP: The gross domestic product, or GDP, is a measurement of the total value of all products and…

Q: What are economists most concerned with when determining the desirability of pollution abatement…

A:

Q: Consider an economy with a representative household that consists of = 100 workers and owns $81…

A: We have L=100 and k =81

Q: National Public Radio (NPR) is a public good. The cost (supply) of each "unit" of NPR is P=2.…

A: Given:-cost(supply) of NPR: P=2Derek demand: PD=10-QKim's demand: PK=4-0.25Q To Calculate:-Total…

Q: $20,000 for 5 years @ 2.25% annual interest, compounded quarterly.

A: Compounded Quarterly "it is the compound interest payable based on 3 months compounded and it is…

Q: According to Bernanke’s policy guide,   Bernanke’s policy guide: 1/4 point reduction in long-term…

A: Fiscal policy is described in macroeconomics as a set of policies implemented by a government to…

Q: 17. There are two firms selling smartphones (oligopoly market), Firm A and Firm B. Each can set…

A: We have 2×2 prive game between two players.

Q: an inward shift of the demand curve in the competitive market for paper clips. Using fully labeled,…

A: Answer: Suppose initially the market is at a long-run equilibrium level. Now if the demand falls and…

Q: Q2/choose the right answer 1- I _work very hard because I have an exam next week. A) am having B)…

A: 1. The answer is - D) have to Hence, I      have to      work very hard because i have an exam next…

Q: Justin's farm can produce 5 pounds of apples or 17 pounds of pears in one hour. Samantha's farm can…

A: Opportunity costs basically refers to the the potential advantages that a person, investment, or…

Q: Consider a market with two firms, Target and Wal-Mart, that sell CDs in their music department. Both…

A: Target dominant strategy is to pick a price of $13.

Q: An electric cooperative is considering the use of a concrete pole in the expansion of its power…

A: Given:- Cost of concrete pole=18,000It will last=20 years Cost of creosoted wooden pole=12,000It…

Q: You currently have a $4,500 balance on your credit card that you were planning to repay in 24 equal…

A: Interest is installment from a borrower or store taking monetary organization to a loan specialist…