Which of the following is not one of the main indicators to measure wealth in a country? Group of answer choices Endogenous Products Index (EPI) Purchasing Power Parity (PPP) Gross Domestic Product (GDP) Human Development Index (HDI

Q: You have an investment account that started with $4,000 10 years ago and which now has growh a. What...

A: a) Given that, Investment value at year 0 = $4000 value of investment at year10 = $110000 Annual rat...

Q: 1. Two interesting public goods are radio and television signals. A. In the U.S., private markets ha...

A: The two broad categories of goods are :- (1) Public goods (2) Private goods

Q: Refer to the accompanying figure. If the market for doughnuts is perfectly competitive, and the pric...

A: Here, the given graph shows the marginal cost and average cost of producing doughnuts by the firm in...

Q: - Consumer surplus is highest in case of

A: To find : In which case consumer surplus will be maximum. 

Q: What is the geometric meaning of the MPC

A: In the mentioned question, we have been asked about the details of the geometric meaning of the MPC....

Q: How to imorove quality education in the Philippines

A: Over hundreds of years of colonial occupation, first by Spain and then by the United States, the Phi...

Q: Consider the following game tree: R R B (2) ( ) 2. 2 20 (2,1) (0,0) (2,1) (0,0) (0,0) (,2) (0,0) (1,...

A: Player 1 has 6 pure strategies to choose from : { U , D , A,  B , a , b } Player 2 has 8 pure strate...

Q: January 26, 2018 U.S. Treasury Secretary Mnuchin said he wants a weak U.S. dollar. then he corrected...

A: Currency is the actual cash in an economy, containing the coins and paper notes available for use. C...

Q: Suppose the maintenance for a piece of equipment costs P2,669 on year 1 and increases by 5.69% every...

A: Cost is the expenditure that is incurred in producing goods and services. It means the total cost is...

Q: The diagram below shows the short - run cost curves for 3 perfectly competitive firms in the same in...

A: In a perfectly competitive market, price is constant so it is equal to marginal revenue. Profit is m...

Q: Machine A costs Q10,000.00, with a recovery value of Q4,000.00 at the end of 5 years and has annual ...

A: To make a comparison between two machines based on their annual costs : 1 .) We compute cash flow of...

Q: ) Suppose there are two major Nuclear Energy Markets, U.S.A and Russia. The following are their MB f...

A: The individual marginal benefit functions are nothing but the demand functions of individual countri...

Q: Sean's Fire Engines is the sole seller of fire engines in the fictional country of Pyrotania. Initia...

A: When price decreases there will be some revenue which will be lost and some revenue that will be gai...

Q: According to the Law of Elasticity, there are elastic and inelastic markets. If we relate this conce...

A: In a market with elastic demand for products it will be favorable to decrease prices because for suc...

Q: What variable allows our macroeconomic model to automatically adjust GDP back to full employment lev...

A: Equilibrium GDP in short-run occurs at the intersection point of AD and SRAS If actual GDP <full ...

Q: ace, given that the marginal private benefit (MB) of the 30th degree is equal to the margina at is c...

A: *Answer:   

Q: Two new instruments are being considered for an engineering firm. The firm uses a 12%/year expected ...

A: Given information Option 1 Initial investment=$120000 Annual return= $17500 n=12 years Option 2 Init...

Q: Show that if the multiplier is one, the slope of the savings schedule is one.

A: Multiplier really intends that with expansion in speculation there is ordinarily expansion in pay.

Q: Suppose that for a particular economy, nominal GDP in 2015 falls, compared to its previous level in ...

A:

Q: A firm has a fixed production cost of $1,000 and a constant marginal cost of production of $700 per ...

A: Given that, Total fixed cost (TFC) = $1,000 Marginal cost (MC) = $700 1)Total fixed cost remains con...

Q: Larry receives a portion of his income from his holdings of interest-bearing U.S. government bonds. ...

A: An interest rate is the amount of interest due each period, given as a percentage of the amount lent...

Q: A nation’s residents can allocate their scarce resources either to producing consumption goods or to...

A: Scarce Resources: Scarcity of resources occurs when the resources or means available to accomplish a...

Q: Assume that the seller knows the quality and the value of a used good but that the buyer does not. A...

A: Introduction If the good is good in quality then the good is fully efficient and its worth value is ...

Q: QUESTION 3: Refer to the graph below and answers the following questions. All Underling work must be...

A:

Q: 1. 10% Compounded Yearly = Blank 1 2. 10% Compounded Semi-annually = Blank 2 3. 10% Compounded Quart...

A: Effective Interest Rate = EAR EAR = (1+i/b)n - 1 Where: i = Stated annual interest rate n = Number o...

Q: 7. A firm encounters its 'shutdown point' when

A: To find : When do firm encounter it's shutdown point. 

Q: President Trump is currently getting tough on trade. This means he wants terms of trade so that Q...

A: When service is produced, fixed and variable cost  takes place and process of business follow ups. B...

Q: The following utility function indicates homothetic preferences: U (x, y) = In(x) + 3 ln(y) + 2

A: A utility function indicates homothetic preferences when MRS depends on the ratio of two goods.  For...

Q: The UK recently voted to leave the EU, often referred to as Brexit. Suppose the domestic market for ...

A: A country becomes an importer if the world price is less than domestic equilibrium price because at ...

Q: 2. Under law of demand Drice of commodity is an

A: To find : Which comes under law of demand. 

Q: 3. Tyson Brothers Manufacturing is currently earning economic profit. However, the market for the m'...

A: The profit maximization condition is : P =MC.    

Q: В.1. a) A profit-maximising firm faces a downward-sloping demand curve for its output and has margin...

A: * ANSWER :-    B.1) (a)  

Q: In what way can the government help lessen unemployment in the country?

A: Government can adopt demand and supply-side policies to reduce unemployment.

Q: Price MC, =S Qe Figure 10 Demand and supply curves Qs Quantity Towards the right of Figure 10 are tw...

A: Subsidy refers to the sum of money that the government provides the suppliers or producers of a cert...

Q: how does the position of the marginal consumer between any two firms depend on the total number of f...

A:

Q: Last year a country had exports of $100 billion, imports of $70 billion, and purchased $60 billion w...

A: To find : Value of domestic assets purchased by foreigners. 

Q: Part B On the same graph paper, draw the Supply Curve for the Supply Schedule below, after Anton dis...

A:

Q: 1). What does the Malthusian model assume I.I. about the relationship between income per capita and ...

A:

Q: Supply 4 Demand 40 80 120 160 Refer to the graph above. When the market is in equilibrium, consumer ...

A: D.  After referring to the graph given in the question we can see that the effective price ceiling a...

Q: QUESTION 3: Refer to the graph below and answers the following questions. All Underling work must be...

A: In the mentioned question we have been asked what will happen if there is price ceiling of $2.

Q: Which of the following is true about standard deviation?     The first step in calculating the stand...

A: Standard Deviation is used to measure the dispersion of data with relation to mean. 

Q: Suppose an economy's production consists only of corn and soybeans. In 2010, 20 bushels of con are s...

A: Formulas: Nominal GDP = Price of the goods in current year * Quantities of the goods in current year...

Q: D. Read the problems below. Analyze and solve the problem carefully. 1. The cost in dollars, of prod...

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new ques...

Q: Legal and Ethical Behavior

A: There is a difference between the legal system and ethical decisions, even though they are used most...

Q: 11. What are remedies for "free ridership" on a team? a. Address the free rider to find out why not ...

A: The free-rider problem is a sort of market failure that happens when people who profit from communal...

Q: In a duopoly, suppose that the two firms set prices independently (Bertrand model). For each firm, w...

A: Firm A's Reaction Curve : PA=30+0.25PB Firm B's Reaction Curve : PB=30+0.25PA For optimal prices, we...

Q: Capital per year A K2N K, K3 91 C2 Labor per year La L, L1

A: To identify the best production point at any given level of output, the iso-cost line is paired with...

Q: Polio is a disease caused by a contagious virus that can result in paralysis. A vaccine prevents the...

A: a) The vaccine here is considered as a positive externality. A positive externality is one that prov...

Q: What are Smith’s ideas on the components price of commodities, natural and market price, the real an...

A: Adam Smith proposed an approach of defining the values of a commodity based on labor resource expend...

Q: 1.what standard could be used to defined the good life? 2.how can the standard serve as a guide towa...

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

Normal and Inferior Goods

Understanding a normal good and an inferior good is important because it tells us what will happen to demand different products during booms and recessions.