Why is it important to be aware of economic issues?(Explain and give two examples). Discuss your answer and cite some basis with its reference to justify your explanation in a sheet of paper or wordfile.

Q: Explain how the monetary policy influences banks' lending behavior. Show how an open market purchase…

A: A monetary policy is a monetary authority’s principle of conduct that changes the money supply in…

Q: 3) The average price of a ticket to a minor league baseball game can be approximated by p(x)=0.03x2…

A: An odometer is a tool used to calculate how far a car has driven. The dashboard of the car is often…

Q: Q1: Foreign Direct Investment is one of methods to access overseas market. Answer

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

Q: Assume a monopsony uses only one factor, i.e. labor, L, to produce a final good, Q, which is sold in…

A: Monopsony refers to the market structure where only a single buyer exists in the market. Monopsony…

Q: You and your partner have become very interested in cross-country motorcycle racing and wish to…

A: Present worth (PW) convert the set of future worth to the equivalent set of present sums in terms of…

Q: Assume that good Z is an inferior good for a consumer. If the consumer's income increases, then A.…

A: Normal goods are the goods in which the increase in price of good decreases the demand of good and…

Q: It costs $250 to produce an X-Box. We are trying todetermine the selling price for the X-Box. Prices…

A: Following is the given information: Cost to produce X-Box = $250 The profit earned on each game =…

Q: 2. Based on your results in part 1 and the relevant concepts, a. Are your preferences strictly…

A: Utility function is an equation that shows how the utility of an individual depends upon the…

Q: Sam is choosing between two jobs. One of the jobs is flexible and allows her to work as many hours…

A: Given information There are 2 jobs Fixed working hours Flexible working hours Total labor supply…

Q: iven the production function Y=3x+2x2-0.1x3   Compute The APP and MPP

A: Marginal physical product (MPP) measures the change in output due to a change in input.  The average…

Q: 2. Leyla has a budget of €120 which she spends only on cocktails (C) and sushi boxes (S). The price…

A: Total utility and marginal utility are two related concepts in microeconomics that describe the…

Q: 5. Assume Mark's utility function is given by u(x1, x2) = x1x2. The prices of goods 1 and 2 are p₁…

A: Budget constraints shows the relationship between the price of two goods, their quantities and the…

Q: The table below shows national data for the economy of Westfall. Round your intermediate…

A: Inflation is the rate at which the price of goods would increase over a given period of time and…

Q: illustrate graphically the effect of the following factors on the aggregate demand (AD) curve:…

A: The entire amount of goods and services that individuals, businesses, and the government are willing…

Q: If the prevailing market price is the market equilibrium price, then A. QD = QS (quantity demanded…

A: Market equilibrium occurs when the amount of a good or service that consumers are willing and able…

Q: The cost of upgrading a section of Grand Loop Road in Yellowstone National Park is $1.5 million.…

A: Capitalized cost is the cost that needs to be added to the fixed asset's cost basis and is…

Q: How will the equilibrium price (P") and equilibrium quantity (Q") of big-screen TVs be affected due…

A: Introduction  An equilibrium price is a balance of demand and supply factors. Equilibrium quantity…

Q: Refer to Table below. Suppose that a simple economy produces only four goods and services:…

A: Gross domestic product is the value of final goods and services produced in the economy within a…

Q: The IS-LM view of the world with more complex financial markets Consider an economy described by the…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first 3 subparts for you. If…

Q: If the interest rate is 3%, then the quantity of loanable funds supplied would be i pressure on the…

A: The demand for loanable funds comes from borrowers, such as individuals, firms, or the government,…

Q: For events A, B, and C, state whether each of the following is always true (T) or not always true…

A: For events A, B and C, P(A|B) is probability of A given B occurred.

Q: 3. Throckmorton's room overlooks, from some distance, a major league baseball stadium. He decides to…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost is the cost that remain fixed and…

Q: In the production possibilities frontier (Figure 1- Z on the vertical axis, H on the horizontal…

A: The Production Possibilities Frontier (PPF) is a graph that shows every one of the various…

Q: 1. If the estimated Cobb-Douglas production function is Q = 10K 408 a. What are the output…

A: 1) Elasticity of output (or production) is defined as the proportionate change in output to a…

Q: Give two areas economists focus on when judging ‘economic development’.

A: Economic development is basically the long term aspect of rising growth, resources allocation,…

Q: True or false  Microeconomics deal with the individual concept of an economy.

A: Microeconomics is basically a branch of economics that focuses on the individual concepts of an…

Q: critically discuss why financial markets should be regulated.

A: The financial markets refer to the system where the trade of all financial instruments is held. This…

Q: How and why does private monopoly occur and why does regulations take place.

A: In a private Monopoly, with a decrease in production, the prices are raised up to maximize profit.

Q: Susie works two jobs so she can pay tuition without using loans, helps her sick mother with…

A: The act of allocating resources, often money, with the hope of making a profit or producing income…

Q: True or false. There is no surplus or shortage when there is an equilibrium in the market.

A: In a market equilibrium, there is no tendency for prices to vary since the amount of an item or…

Q: Intel and Applied Micro devices are the 2 major producers of CPU chips used in personal computers.…

A: Pure strategy Nash Equilibrium: Nash equilibrium with 2 players is the strategy profile where both…

Q: Consider a Cournot duopoly with a demand function of  p=10-Q(where Q=q1+q2) and a constant marginal…

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

Q: 8. Consider again the situation in problem 7 above. What difference would it make in Jean's…

A: Accounting profit is the difference between the total revenue and the explicit cost.  Economic…

Q: The table below lists the annual volume of exports and imports (in billion pesos) for six…

A: The given data : Exports are taken as a dependent variable: X Imports are taken as an independent…

Q: Suppose you run a regression with quantity as your dependent variable and advertising as one of your…

A: Regression analysis is a statistical technique used in economics to examine the connection between…

Q: Which of the following is not a use of the concept of terms of trade? Select one: a) Current price…

A: The amount that a country may spend on imports with a certain amount of exports is determined by the…

Q: Since what happens at the macro level is different than what happens at the micro level…

A: The Keynesian theory explains the necessity of government intervention because the economy runs…

Q: 6. Show that your utility function is a CES utility function.

A: The Constant Elasticity of Substitution (CES) utility function is a functional form that is commonly…

Q: Suppose that market equilibrium is at point D in the above picture. The price of this good is…

A: While Supply refers to the total amount of a commodity that is offered on the market, Demand is…

Q: Suppose Ben has preferences over food and clothes, denoted F and C. His preferences are typical.…

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

Q: Different Schools of thought propose theories to explain government failure. Based on public choice…

A: Public choice theory is an economic theory that refers to the principles of microeconomics in the…

Q: (d) If we gave him more clothes, his utility will increase.

A: Budget line is used to plot various combinations of two goods which the consumer demand with his…

Q: The following are two alternatives need to be evaluated and select the best available one: X -35000…

A: Because the alternatives have unequal useful life thus LCM method will be used The LCM of 2 and 4…

Q: Explain the determinants of the aggregate supply (AS) and describe how the AS curve will shift when…

A: Aggregate supply from the economics perspective can be defined as the total supply of goods or…

Q: Carefully describe the tradeoff between equity and efficiency. Use a utility possibility curve in…

A: When an economy's efficiency is increased at the cost of equity, which refers to how equitably…

Q: 2. Given below are data for 2018 and 2010. Answer based only on the information given. a. Are…

A: CPI is the consumer price index.  This shows the change in price level as compared with the base…

Q: 1. If the estimated Cobb-Douglas production function is Q=10KL a. What are the output elasticities…

A: The Cobb-Douglas production function is an economic model that describes the relationship between…

Q: You work for the Committee for Economic Evaluation in the small nation of Kinsdale. Your current job…

A: GDP can be defined as a total money value of final items and services produced within the domestic…

Q: Suppose the U.S. president is attempting to decide whether the federal government should spend more…

A: A federal government is a system in which local state governments that are interconnected with the…

Q: population of a village was 10000 four years ago. If it had increased by 2%, 2.5%, 3%, 2% in last…

A: Given that population of the village was 10,000  Population growth in the last four years was 2%,…