Which of the following would cause the aggregate supply curve to increase... A) Energy prices such as gas and electricity have increased rapidly throughout the country. B) The government has reduced its spending by more than 10% over the last 2 years C) Consumers are more confident and spending more than before. D) Throughout the economy, workers are using better equipment and output per hour is rising.

Q: A question that needs an answer: Explain your position on commodities as a public or private good T-...

A: Public Good : The good which is non excludable and non rivalrous. Private Good : The good which is e...

Q: What are the benefits of government setting and managing bank fees and rates?

A: Answer -

Q: Douglas Fur is a small manufacturer of fake-fur boots in Chicago. The following table shows the comp...

A: Marginal cost is the change in total cost due to a change in output by a unit. 

Q: Consider the following abbreviated financial statements for a proposed investment Years Sales Costs ...

A: Accounting rate of return = [Average annual profit / Initial investment] * 100 Average annual profit...

Q: B. How do world Religions view Business Ethics?

A: The world's eight major religions are Judaism, Christianity, Islam, Hinduism, Buddhism, Confucianism...

Q: Choose one of the following examples and explain whether you think that the government should ban th...

A: Banning any product is not the ultimate solution to any of the issue because it will create a situat...

Q: Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposa...

A: As per the guidelines solution is provided to the first 3 sub-parts: (i) National income = GDP at ma...

Q: The table below shows a monopolist's demand curve and cost information for the production of its goo...

A: * SOLUTION :-   

Q: If the inflation rate is 3% per year, how many years will it take for the cost of an item to double,...

A: Given:Inflation Rate=3% per year

Q: f the elasticity of demand for college textbooks is -0.1, and the price of textbooks increases by 20...

A:

Q: Gouge-em Cable Company is the only cable television servicecompany licensed to operate in Backwater ...

A: Given; Fixed cost= $640000 Marginal cost= $2 Price Number of subscribers TR FC MC TC MR Profit ...

Q: A company in the United Kingdom earns $100 million by producing and selling advertising chances to d...

A: Intermediate goods, producer goods or semi-finished products are goods, such as partly finished good...

Q: Suppose a firm faces the following average and marginal products of labor: APL = 200 + 5L - 0.08L2 M...

A: Stage II of production begins at the point where the marginal product of labor (MPL) and average pro...

Q: The produclion funclion for a frm ie pix, y)- B6x"y". tere x and y are the number of unis of labor a...

A: Given  Production function: p(x,y)=96x3/4y1/4              ... (1) Cost of labor (w)=$144 per unit C...

Q: . At the point of equilibrium of firm (under perfect competition)

A: To find : What happens at point of equilibrium of firm. 

Q: What is your view of Globalization in the workplace? Don't just offer the pros and cons, which are i...

A:

Q: The prairie dog has always been considered a problem for American cattle ranchers. They dig holes th...

A: Cattlemen use portion of the ground adjacent to the fence for dog breeding. This property could have...

Q: There are n > 1 bidders participating in the auction.

A:

Q: If the government wants to increase employment, what should it do among the following?    a. decreas...

A: The Reserve ratio refers to the proportion of the deposited money (bank's liability), which a commer...

Q: Identify and describe the type of international business of Sushiro.

A: When a good is manufactured, cost analysis  takes place for producing that good and process of busin...

Q: Consider “Providing a Public Good under Incomplete Information". (refer to pages 70-74, lecture note...

A: Given information There are 2 consumer C1 and C2 C1 has 2 strategy and C2 has 2 strategy 2 public go...

Q: bidding. Two bids wer rs. The first bid off- for 5 years, each pa ng of each year. The se 0,000 the ...

A:   Present worth is the possibility that communicates a proportion of money today is worth more than ...

Q: Book sales of a popular author are expected to start at 500,000 books in the first is expected to de...

A: The present value or worth (PV) of a future measure of cash of incomes is the present worth of thing...

Q: 19. Normal profit is A. O Part of total cost B. O Part of economic profit C. O Total revenue minus t...

A: Answer: Normal profit: normal profit occurs when the economic profit is zero. Economic profit refers...

Q: 10. Mobility of labour A. Increases efficiency of labour B. O Spoils labour C. O Increases division ...

A: Government gets certain tax revenue with them through which they have to carry expenditure on econom...

Q: 12. Excise tax is a part of A. O Fixed cost В. Variable cost C. O Implicit cost D. O Is not a part o...

A: Variable cost (VC): - it is the total value of the cost incurred in the employment of variable resou...

Q: Explain why LAC is called the envelope curve further bring out the difference between economies of s...

A: The LAC curve will be a smooth curve that encircles all short-run average cost curves, hence the ter...

Q: The Oklahoma City Zoo has proposed adding to their Web site a major segment providing a virtual tour...

A: In the question above, it is given that : Initial Cost = $325,000 Research and Entertainment cost =...

Q: Why it could be the case that after an initial sharp increase, the budget deficit could drop through...

A: Budget deficit is when the government's expenditure exceeds the government's income.

Q: The increase in prices resulting from the levy of import duty usually reduces the consumption capaci...

A: The answer is False Here is why  Coz when an country imposes a high import duty on foreign goods it ...

Q: Activity 2 Statistics Reading The most major economic problem of our country today is the reduction ...

A: A positive economic growth rate means the production of goods and services is increasing. A negative...

Q: Real GDP is better than nominal GDP if    a. we want to measure the decline in wages.  b. we want to...

A: GDP or Gross Domestic Product refers to the final value of total goods and services produced in an e...

Q: O A. improvements in technology does not improve standards of living. O B. increases in land use low...

A: A pessimistic long run Malthusian always results that the population control does not increase the t...

Q: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

A: Labor productivity on the ABC assembly line was 22 units per hour in 2008. In 2009, labor productivi...

Q: Future-looking interest rate expectations for 5 periods are as follows: 3%, 4%, 3.5%, 4.5%, 4%. Addi...

A: In the question above, it is given that : Future looking interest rate expectations for 5 periods a...

Q: Question 2 Given the relation R with attributes A, B, C, D, and E, and the following functional depe...

A: Answer-

Q: The social exclusion approach implies that:   a. people who are anti-social are anti-poor and hinder...

A: Social exclusion is a multi-faceted and complex process. This means lacking or being denied resource...

Q: In the current period, a consumer gets an endowmenty and pays lump-sum tax t. In the future period, ...

A: Above question pertains to intertemporal choice problem in which consumer optimizes its consumption ...

Q: Jan wealth W = 100, has a utility function with respect to wealth of U = .5W^(2) , and faces a gambl...

A: Given: U=0.5W^(2)

Q: Suppose rocking-chair manufacturing is a perfectly competitive industry in which there are 1,000 ide...

A: A perfectly competitive firm will produce chairs till the market price of chairs is greater than or ...

Q: Why has the government pumped billions into bank bailouts to prevent them from collapsing?

A: Bank bailouts refer to a situation when government or corporation injects funds into a bank that is ...

Q: Production function Capital equipment per worker ($ thousands) Which 2 of the following statements a...

A: The given graph shows a production function. The x axis measures the capital equipment per worker an...

Q: If quotas lead to an increase in prices, people may be constrained to reduce their consumption of th...

A: Macroeconomics is important for a country and microeconomics is also important for a country. Just l...

Q: 4. An increase in the nation's capital stock will   shift the PPC outward. move the nation from ...

A: NOTE: We'll answer the first question, since the exact one isn't specified. Please submit a new ques...

Q: An upstream firm (U) sells an input to a downstream firm (D) which resells it to consumers. The marg...

A: Introduction Marginal cost of the firm is MC = $ 4 Each unit has sold U to D at price r Price = r , ...

Q: Profit is maximum when Distance between TR and TC is maximum

A: The firm has objective to maximize the profit level. Some firms might have different objectives over...

Q: he example of bread and heat is usually given in a closed room in which a number of people live, to ...

A: Purely Public Goods: Purely public goods are those goods that are non-rivalrous in nature and consum...

Q: For A and B, create a scenario for each and draw the initial S&D position and explain the shift due ...

A: The curve that depicts quantities being demanded by individuals at different levels of price is know...

Q: 8-hour physical work capacity 60% 40% 20% 0% 3 4 5 7 Time Working on Job Figure 2: Maximum physical ...

A: here we explain the MPWC   shown in the given diagram of male and female as follow;

Q: The owner of a luxury motor yacht that sails among the 4000 Greek islands charges $580 per person pe...

A: Amount charged by the owner of a luxury motor yatch= $580 Number of people signed for cruise= 20 Let...