Which of the following is the best example of a public good? Group of answer choices AT&T mobile phone service Yosemite National Park Google Maps the post offic

Q: If in a market the last unit of output was sold at a price higher than marginal cost OA. the unit…

A: Given information: In a market, the last unit of output was sold at a price higher than the marginal…

Q: b. Demonstrate graphically with the multiplier model a shift in the AE curve that would have caused…

A: The intersection point of the 45-degree line and the aggregate expenditure line gives the…

Q: he real risk-free rate is 3.25%. Inflation is expected to be 4.25% this year, 4.45% next year, and…

A:

Q: On the following graph, plot Poornima's production function using the green points (triangle…

A: The marginal product of a business is the extra output made because of extra input put into the…

Q: Rashed wants to make his investment triple its value at the end of twelve (12) years’ time. What…

A: We need to assume some terms such as interest rate , principle amount and then nee dto calculate the…

Q: When average cost decreases as output increases, Group of answer choices marginal cost is below…

A: The economies of scale curve is a long-run average cost curve since it permits all variables of…

Q: Suppose that there are 90 firms in a market, each with the following cost function: C(q) = 65+4q2…

A: Firm's total cost: C = 65+4q2  Market demand: D = 1260 - 39p

Q: 1-The excess burden of a tax refers to: Select one: a. how much producers lose in surplus from the…

A: Tax is a liability imposed by the government on the players in the market - consumers and producers.…

Q: The following diagram shows the market demand for copper. Use the orange points (square symbol) to…

A: Perfect competition is a type of market structure.

Q: In which market structure would you find a great deal of advertising?

A: Market: In economics, a market is defined as a place where sellers of a commodity and buyers of a…

Q: What is neoclassical growth model of economic growth?

A: Meaning of Economic Growth: The term economic growth refers to the growth towards the internal…

Q: What are the main components of measuring GDP with what is demanded? (briefly)

A: The market price of all finished (final) items and services generated in a country's economy during…

Q: 10 110 100 upply 1 2 3 4 5 6 7 8 9 10 The graphic above shows a supply curve for 'widgets'. Assuming…

A: Supply curve is the upwards sloping curve which shows positive relationship between price and…

Q: What is economics

A: Social studies is divided among various fields, and economics is one of those social studies fields.

Q: Question 2: Suppose that daily demand for breakfast sandwiches at a local store is given by the…

A: Price elasticity of demand is an estimation of the adjustment of consumption of a product…

Q: The rate of interest written on a contract between a borrower and a lender is the

A: Interest rate is the cost of borrowing money or fund from the market. The rise in the interest rate…

Q: In a given economy, consumption is given by C -1000+(Y-T) = If the real GDP is 9,606 and taxes and…

A: National savings is the sum of private and public savings , or we can say that we calculate the…

Q: You have been offered a unique investment opportunity. If you invest $10,800 today, you will receive…

A: Net present value, or NPV, is used to calculate the current total value of a future stream of…

Q: Currently , for various reasons buyers and sellers are expecting the price of oil to be lower in the…

A: Market achieve its equilibrium point where two market forces intersect each other at certain point .…

Q: If R = 25%, actual reserves are $450 and checkable deposits are $1,800, then the monetary multiplier…

A: Commercial Banks create money by granting loans to the public. The money multiplier process of the…

Q: Consider two markets: the market for cat food and the market for dog food. The initial equilibrium…

A: Given information: There are two markets, i.e., the cat food market and the dog food market. The…

Q: A new highway is to be constructed. Design A calls for a concrete pavement costing $80 per foot with…

A: Design A    Concrete pavement costing = 80 per foot Three paved ditches costing = 4 per foot each…

Q: Derive the following with complete solution a. supply equation b. demand equation c.…

A: Supply is the quantity of a resource that producers or economic agents are willing and able to…

Q: T4

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity…

Q: Suppose that the United States and the European Union impose a price ceiling on crude oil of $25 per…

A: A price ceiling is a cap placed by the government on the cost of a good or service in order to…

Q: A small monopoly manufacturer of widgets has a constant marginal cost of $15. The demand for this…

A: In economics, the marginal cost of production is the change in total production cost that comes from…

Q: Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 GDP Inflation Unemployment…

A: Gross domestic output is the total market value of goods and services which is produced domestically…

Q: 1. Price elasticity of demand      a. from a to b      b. from e to f

A: Alfred Marshal is the person who introduces the concept of elasticity into economics. The elasticity…

Q: The short run is Group of answer choices the length of time a CEO serves on a board the period in…

A: Answer to the question is as follows:

Q: 1 2 3 4   Year Actual budget deficit (–) or surplus (+) Standardized budget deficit (–) or…

A: INTRODUCTION The central bank mainly uses two types of monetary policies: expansionary and…

Q: Use the following information to answer the question which immediately follows Y 2,000, GT-200, Cd…

A:

Q: If your nominal income rose by 5.3 percent and the price level rose by 3.8 percent in some year, by…

A: Real and Nominal Income:-  Real income is the amount of money an organisation or person earns while…

Q: 3 Suppose the utility function is given by U(x₁,x₂) = (x²). Calculate the optimal con- sumption…

A: Utility function : U = ( x12x25 )5/4 Monotonic Transformation of the above utility function can be…

Q: QUESTION 4 If the automotive industry is focused on achieving a certain plant pollutant emission…

A: Pollutant Emission Pollutants released into the air cause air pollution issues like smog and acid…

Q: Jenkins Ltd manufactures remote control cars which sells for $500 each. The fixed cost is $70000 and…

A: Fixed costs are the costs which can't be altered in the short run and on the other hand the variable…

Q: The Oxnard City Bank has deposits of $800 million. It has reserves of $80 million and $300 million…

A: Given Oxnard bank Deposits = 800 Million $ reserves = 80 Million  Bond = 300 Million loans = 750…

Q: Suppose that the level of unemployment in the economy is dete U = 6.72 - 1.97*(i - i) Where U is the…

A: FORMULA: U=6.72-1.97*(i-ie)

Q: Just the bolded one please Using the above graph,   The minimum level of output this firm would…

A: Costs that are fixed are those that don't change based on volume. The majority of fixed costs are…

Q: Question 3 Agricultural productivity analysis in particular technical efficiency has been estimated…

A: Contract farming is seen as a tool to increase agricultural productivity in developing countries, as…

Q: When marginal revenue is zero, in any type of market, P<MR. OP=MR. O a very small increase in price…

A: There is no additional profit made from creating an additional unit when marginal revenue is zero. A…

Q: Review the graph at right for a monopoly market (enter all of your responses as whole numbers). How…

A: Monopoly is a single firm in the market producing unique good.

Q: calculate the consumer surplus and producer surplus at a price of $11 and $6

A: Given

Q: Suppose that the direct demand and direct supply functions are x = √200 - p and x = √p - 38,…

A: equilibrium price and output are determined by the market forces demand and supply . When demand =…

Q: Labor Total Product Marginal Product Average Prod 0 1 2 345 6 7 8 0 Blank 1 25 Blank 5 Blank 7 Blank…

A: Total Product refers to the total output produced by a firm.  Marginal Product refers to the…

Q: Suppose a firm is producing an output level for which price exceeds average total cost. From this…

A: Average total cost is alluded to as the whole of all creation costs separated by the total amount of…

Q: Felicia's Fine Foods is a petfood producer that experiences increasing opportunity cost. Draw a…

A: A production possibility frontier or a PPF curve represents the trade off between production of any…

Q: Suppose that we have an Aggregate Expenditure Function (AEF) of: AEF = 635 +0.60*Y What would be…

A: Aggregate expenditure function is a sum of consumption, investment, government purchases and net…

Q: Jesse and Janie are playing a game. On the table in front of them, there are 50 coins. They take…

A: In game theory, a subgame perfect equilibrium is a variation of Nash equilibrium. A profile of…

Q: Suppose that at the current market price of toy cars, the demand for Giocattolo's product is 10,000…

A: Since the AC curve is given to us, we match corresponding quantities to price. Please match these…

Q: What theory attempts to explain why Japan is strong in automobiles, Switzerland in precision…

A: International trade occurs where the goods and services flow across the countries.