Which one of the following statement is incorrect? Under prefect competition In the long run, an factors of production are variable. Is this true or false

Q: Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards…

A: Present worth is a financial concept that refers to the value today of a future stream of cash…

Q: Use the generalized Nash bargaining solution to show that an individual's share increase with his…

A: Generalized Nash Bargaining Solution :  The Generalized  Nash Bargaining Solution   is a concept in…

Q: Which of the following were among the contributing factors to the European Sovereign Debt Crisis?…

A: A financial meltdown can be identified by a widespread loss of trust, collapses of markets, and…

Q: A market is initially monopolized by a firm that produces the profit-maximizing quantity QM and…

A: A monopoly refers to a market structure in which there is only one firm that dominates the entire…

Q: According to the midpoint method, the price elasticity of demand between points A and B is…

A: Demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: Consider the equilibrium in the market for government bonds and provide clear graphs illustrating…

A: Recession refers to a significant decline in economic activity within a country, typically…

Q: P $30 A B X C D 800 1000 If the price in this market falls from $30 to $20, then area A represents…

A: Consumer surplus is the difference between maximum price consumers are willing to pay and market…

Q: (1) A company production function Is Q = 15K1.7 L1.3 + K³ + 5L³, where Q is the quantity produced, L…

A: Production function shows the relationship between the inputs used and the output produced. The…

Q: A given firm faces the costs shown by the curves below. For each part of the question, draw demand…

A: The organizational characteristics and arrangements that shape the behavior and interactions of…

Q: Represent the following games in a normal form and find their Nash equilibria. b) Firm A decides…

A: In game theory, a Nash equilibrium is what is going on in which every player's…

Q: 5. Q= 100/P² (P = 5

A: Demand refers to the quantity of a particular good or service that consumers are want to purchase…

Q: 2. What is the effect of a Federal Reserve open market sale? What happens to interest rates in the…

A: An open market sale refers to the process where a central bank sells government securities to…

Q: 1. Suppose there are two consumers, A and B. The utility functions of each consumer are given by:…

A: The rate at which a consumer is ready to give up certain units of a good to consume another good is…

Q: Your marketing research department provides the following estimated demand function for your…

A: To evaluate the statistical significance of the price coefficient in the demand feature, we want to…

Q: Analyze the central bank policies of the countries below.   USA (FED policy) - EU - UK - Turkey…

A: In economics, policies refer to the deliberate actions and measures undertaken by governments,…

Q: Consider the market for wheat as shown in the Wheat Exports figure. In that figure, the world price…

A: Welfare refers to the sum of consumer and producer surplus .Consumer surplus is the consumers' gain…

Q: A price floor often results in: O a shortage of the product. black markets, or underground…

A: A price floor is a minimum price set by the government that is higher than the market's equilibrium…

Q: The demand function of good 1 is given by D = D(P1, P2, y) where p₁ is the price of good 1, p2 the…

A: The demand function represents the quantity of a good or service that consumers are willing and able…

Q: Discuss how does the GDP relate to CPI, and how the GDP and CPI contribute to inflation. Write a…

A: Gross Domestic Product (GDP) and Consumer Price Index (CPI) are both important economic indicators…

Q: Suppose an economy is given by: Population = 203 million Working-age population = 124 million Labor…

A: The labor force participation rate is calculated as the labor force divided by the total working-age…

Q: of people employed: e) Was this change in the number of people employed due to a shift or a movement…

A: Labor demand represents the quantity of labor that employers are willing to hire at various wage…

Q: Explain the five (5) approaches that are relevant for the study of the creation of wealth…

A: I will explain five relevant approaches for studying the creation of wealth constitutional,…

Q: Suppose that Congress or your country's Legislature passes legislation making it more difficult for…

A: If legislation is passed making it more difficult for corporations to fire workers throughout the…

Q: In the table below, you are given data for the country of Sequoia. Exports Consumption Gross…

A: GDP is also known as gross domestic product which is the sum total of values of all finafinal goods…

Q: During which stage of normal political development do regulators introduce and enforce final rules…

A: Answer Implementation

Q: What are the similarities and differences between big company tax and small/medium enterprises.

A: Taxation is a critical aspect of any business, regardless of its size. While big companies and…

Q: 1.Prepare a table with MC, ATC, AVC and AFC curves. Be sure to INCLUDE NUMBERS IN YOUR GRAPH. ALSO,…

A: Number of OutputMCACAVCAFCTCTFCTVC…

Q: Your aunt Janet bought a land for $125,000 cash 12 years ago. The inflation rate has avearged 4% per…

A: Inflation refers to the sustained increase in the general price level of goods and services in an…

Q: . MBI and Pear are the only two producers of computer. MBI started producing computers earlier than…

A: Two firms: MBI and PearCost of MBI: C1(y1) = y12 Cost of Pear: C2(y2) =  15y1 +y22 Total demand: y =…

Q: a) 'Jet fuel consumption remains the hardest hit section of the global oil market as passengers…

A: In economics, demand and supply market equilibrium refers to the point at which the quantity…

Q: Any change in the global monetary system (please assess the increasing use of currencies other than…

A: The systems and procedures which regulate global money transfers, exchange rates for currencies, and…

Q: What happens to happens to the annual payment on a loan as the term of the loan increases? O It…

A: The "term" of a loan means the time period in which a borrower paid her entire loan. the term of…

Q: Answer the following questions. A)About a decade ago, the future of the euro as a common currency…

A: Currency refers to a Common form of money that is issued and circulated by thr central authority  or…

Q: Consider the Diamond-Dybvig model of bank runs as discussed in the course. Assume that the utility…

A: The Diamond-Dybvig Model is a highly influential model in economics that attempts to explain bank…

Q: The following cost and benefit information has been estimated for a pump that has a 10-year useful…

A: Purchase Cost : The initial cost or price paid to acquire  the pump.Annual Operating Cost : The cost…

Q: Suppose that a year after opening, Kenji has developed a new system that has increased the…

A: We have given the production function of pizza. q1 = 6K0.5 L0.5Where q1 is the quantity of pizza…

Q: Should Central Banks be independent? Explain and discuss.

A: The question of whether central banks should be independent is a topic of ongoing debate in the…

Q: by a player is kept by that player. Money allocated to the public account d by 1.5, and then…

A:

Q: rium interest rate and decrease the quantity of funds saved and invested.

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

Q: Hi, I want to ask about Canadian Monetary aggregates, specifically about M2 and M2+.   As far as I…

A: Central banks, as the official regulator of the banking sector, possess the power to influence the…

Q: Suppose that a city government introduces a $0.50 excise (commodity) tax on consumers of bottles of…

A: Equilibrium in the market occurs at the intersection of demand and supply curves where quantity…

Q: From the book  "Power and Plenty: Trade, War, and the World Economy in the Second Millennium" by…

A: The economic foundations of nations are significantly shaped by political stability and governance.…

Q: Suppose a pay-as-you-go social security system where social security is funded by a proportional tax…

A: Retirement benefits refer to financial support or income provided to individuals who have reached…

Q: how do you write an audit of how you nonverbally communicate?

A: Title: Audit of Nonverbal Communication SkillsIntroduction:This audit aims to evaluate and assess…

Q: Using the income elasticity of demand to characterize goods

A: Income elasticity of demand measures the responsiveness of change in demand to change in income of…

Q: A treasury manager would like to develop a funds concentration policy for her staff to use to…

A: To determine the minimum transfer balance that justifies a wire transfer, we need to consider the…

Q: 1. Consider the overlapping generations model with fiat money. a) Carefully setting up the budget…

A: Fiat money is a sort of currency that gets its worth from government regulation or law, as opposed…

Q: Wine A B F E с Bread D Refer to Figure 2-1. The most inefficient point depicted is: Point A Point C…

A: PPF is the production possibility frontier. The PPF is the production possibility of two goods in an…

Q: Assume that Trinbago is a small country that produces wine and motor vehicles, where motor  vehicles…

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

Q: 150,000 asset has been depreciated with the straight-line method over an 8-year life. The estimated…

A: Depreciation describes the systematic allocation of the cost of a tangible asset over its useful…