With appropriate illustrations fully distinguish between the following: i. PRODUCTION FUNCTION and PRODUCTIVITY ii. AVERAGE PRODUCTIVITY and MARGINAL PRODUCTIVITY iii. TECHNICAL efficiency and ECONOMIC efficiency  iv. DIMINISHING RETURNS to a factor and DECREASING RETURNS to scale

Q: Consider the market for lattes. What would happen to the equilibrium price and quantity of lattes if…

A: When demand curve shift to the right, the equilibrium price and quantity rises in the market. At the…

Q: An assembly operation at a software company now requires $100,000 per year in labor costs. A robot…

A: Capitalized cost refers to the cost that is assed to the cost for a fixed asset in a balance sheet…

Q: Assume that l2t = 0.15% and that l1t = 0. If the one-year interest rate is 5% and the two-year…

A: We have l2t=0.15%, l1t=0it=5%, i2t=5.75%  Here it is today's interest rate on one period bond and…

Q: If there is a decrease in supply with no change in demand will that result in an immediate shortage…

A: Demand refers to the quantity of the good or service which the buyers purchase at different prices…

Q: Sketch a production possibilities curve on which you illustrate a shift to the right.

A: "As there are multiple questions so as per the guidelines answer is provided to the first question."…

Q: What is the market equilibrium quantity

A: The market equilibrium is arrived at point where demand is equal to supply.  Here equilibrium…

Q: The context in this is a large negative shock to autonomous consumption in an open economy. You may…

A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…

Q: hich is false stakrment. Liauidity p Suggests that preferrence model When the bond marketsis in…

A:

Q: Instructions: • Write the GIVEN with their respective symbols and units. • Do not skip the…

A: There are two group A and B both have 1210 total amount . And there are  some proportion of A's and…

Q: How does the cost of financial capital influence innovative research and development activities in a…

A: The answer is given below

Q: What is this graph and what are some issues with it? Year OL Externality graph over time. Issues are…

A: Teo dimensional graph depicting the time on the X-axis and the percentage of people below the…

Q: Answer TRUE/FALSE/UNCERTAIN with explanations (200 words) In a 2-bloc world economy with…

A: The rate of exchange is a measurement that reflects the value of one currency in relation to the…

Q: the tax of $6 per unit ,the price that consumers will pay is $10 and quantity sold is Q=20…

A: the tax of $6 per unit ,the price that consumers will pay is $10 and quantity sold is Q=20

Q: Identify the statement as True, False, or Uncertain, and explain your reasoning in detail (graphs if…

A: Contractionary fiscal policy is defined as a decrease in government spending and an increase in…

Q: If the assumptions of the multiplier-deposit expansion process hold, (with the required reserve…

A: As per the guidelines we are allowed to answer the first question only. Kindly post the remaining…

Q: With appropriate illustrations fully distinguish between the following: i.PRODUCTION FUNCTION and…

A: As per the guidelines, we are allowed to answer the first three subparts only. Kindly post the…

Q: Find the present value of a loan on December 4, 2010 if the maturity value on October 4, 2011 is PHP…

A: Given future worth of loan = 420000 Interest rate = 9 % Monthly rate = 9 % / 12 = 0.75 % Time = 10…

Q: Suppose Abby, Brandi, Carrie, and DeeDee are the only four buyers in the market. If the price is $8,…

A: The equilibrium cost is the main cost where the plans of shoppers and the plans of makers concur —…

Q: 7. Suppose that the annual number of admissions can be used as a measure of output for a group of…

A: The above question is based on the type of market. There are generally two types of market:…

Q: Consider the market for lattes. If scientists discover that steamed milk, which is used to make…

A: A shift in the demand curve is defined when there is a change in demand; when the price of quantity…

Q: Net exports increase. Is this consistent with a tightening of monetary policy? Which of the…

A: Monetary policy refers to name given to the central bank's macroeconomic policy. It's a demand-side…

Q: Alice's discretionary income grows by $1,000, of which she spends $600. b.)Alice's MPS is 0.4,…

A: Marginal propensity to consume is the ratio of change in consumption and change in income. On the…

Q: In recent years, the developing countries’ fertility rate has been declining. 2. Projections place…

A: Developed countries in general have a lower fertility rate due to a high living, and as a result of…

Q: What is the effective cost of a combination of an 80% mortgage at 3% and a second mortgage (for 10%…

A: The interest rate is the amount a lender charges a borrower and is a percentage of the principal—the…

Q: Indicate which of these are a reason that market inefficiencies persist? Check all that apply.…

A: Market efficiency explains the ability of the firms to generate output from the available resources.…

Q: Steve's utility function is U= (q, +4 92, where q, = veggie burgers per week and q, = packs of…

A: Answer   The price of a pack of cigarettes is $2.80

Q: Supply curves are typically "positively sloped." The meaning conveyed by any such curve is that: O…

A: "Supply curves typically represents the units of quantity supplied of a good at each price.…

Q: Consider the market for lattes. What would happen to the equilibrium price and quantity of lattes if…

A: In a market, a change in demand or supply of a specfiic good influence it's market equilibrium as it…

Q: Туре of each type of subscriber website Number of Travel and Travel Cooking website cooking…

A: We have two types of goods and two types of consumers in the given scenario.

Q: 0.8 utils

A: Utility maximizing condition is determined by the condition Slope of indifference curve= Slope of…

Q: Suppose the nominal exchange rate is $0.5 Canadian per British pound, the CPI measure of price level…

A: Given:  Nominal Exchange Rate = $0.5 Canadian per British pound Price level in Canada = 140 Price…

Q: 1. When Lorenz curves are __________. a. more curved the greater is the degree of income inequality…

A: The Lorenz curve is the graphical representation of the inequality in the economy.  The graph…

Q: The following production possibilities schedule shows the quantities of buckwheat and corn that can…

A: Opportunity cost refers to decrease in quantity of one good needed to produce more of the other…

Q: Price Abby’s Quantity Demanded Brandi’s Quantity Demanded Carrie’s Quantity Demanded DeeDee’s…

A: The Law of demand says that the quantity demanded will increase as the price decreases.

Q: Why governments / decision makers try to achieve the stable economic growth and lower inflation?…

A: Inflation refers to a rise in the average level of price of goods and services in an economy.…

Q: In the above case study, identify TWO factors that are responsible for the rise in Japan's Gross…

A: 1) GDP refers to the total value of goods and services in an economy produced in an economy during…

Q: What do you expect will happen to the price level and real GDP in the short run when the bank of…

A: When the Aggregate demand is lower that potential output and the economy is in recessionary gap,…

Q: Classify each of the following cost items as mostly fixed or variable: a. Raw materials d.…

A: a. Raw materials :- variable  b. Administrative salary - fixed  c. Rent - fixed  d. Depreciation-…

Q: In an attempt to reduce the large budget deficit, the government raised taxes and reduced government…

A: Fiscal policy refers to the use of the government budget to impact the economy. This includes both…

Q: Income inequality is not good for economic development for the reason that _______. a. Income…

A: In economics, income inequality refers to a large gap in income distribution across people, groups,…

Q: monetary policy that delivers highly variable 10 percent inflation rate per year, on average, over…

A: Hibernia's central bank implements monetary policies to stabilize the inflation rate at 2 percent…

Q: 2. Required and excess reserves Suppose that Best National Bank currently has $100,000 in checkable…

A: Reserve requirements are the funds held in reserve by a bank to guarantee that it can satisfy its…

Q: Among the following options, which of these includes economic arguments about child labor? a.…

A: "Child labor" is defined as employment that deprives children of their youth, potential, and…

Q: If there is a decrease in demand with no change in supply will that result in an immediate shortage…

A:

Q: 15) What is the relationship between team cohesiveness and team productivity? Multiple Choice Higher…

A: Productivity measures the quantity of products and services produced (output) with the amount of…

Q: Questions attempted 2/38 26 of 38 cemiany nas a comparative advantage over England in the production…

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

Q: Income inequality is not good for economic development for the reason that _______. a. Income…

A: Income inequality is not good for economic development for the reason that Income inequality may…

Q: Assume Country X has an electricity market with supply and demand being given below: Qo = -Po + 200…

A: Demand function Demand = -P + 200 Supply = -3P + 300

Q: A wholesaler (upstream firm) sells a product to a retailer (downstream firm). Both the wholesaler…

A: We have MC of wholesaler = 2 And MC of retailer = W

Q: TRUE OR FALSE: Population growth in high-income countries is higher than in low-income countries.

A: Concepts: A higher income country is a natiom with higher per capita income. It implies a higher…