Write the professor Knight's view about the " Uncertainty Bearing" Theory of profits?

Q: Define returns to scale and it's all aspects.

A: Returns to scale Returns to scale refers to the proportionality of changes in output when all inputs...

Q: Which would one use if you wanted to understand why income changes in a country?   A. development ...

A: Cobb Douglas production function: Y = AKα L1-α. Where Y is output (or income) A is total factor prod...

Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...

A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...

Q: 1. A capital budgeting project is acceptable if the rate of return required for such a project is gr...

A: A rate of return (RoR) is the net gain or loss of an investment over a specified time period, expres...

Q: How do comparative advantage and absolute advantage differ? Absolute advantage means more can be ma...

A: International trade is the exchange of commodities and services among countries throughout the world...

Q: An electronics firm is planning to manutacture a new handheid gaming device tor the preteen market T...

A: The data given is:- The production time for 1000 units = 100 hours  O&M cost per unit = 0.1 * 25...

Q: Consider the Solow Model of a closed economy where the aggregated capital, K, the aggregated labour ...

A: Introduction Aggregate production function has given as Y = K2/3 L2/3 F(K, L) = K2/3 L2/3 F( K/L , 1...

Q: The vertical distance between ATC and AVC is equal to TVC O AFC

A: 1. ATC = AFC + AVC Therefore AFC = ATC – AVC   2. AFC curve is downward sloping with increase in out...

Q: 2010 2020 inal Salary ED 150,000 200,000 1.00 1.00 uired: Calculate real salary for 2010 Calculate r...

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you ...

Q: MIXED STRATEGY NASH EQUILIBRIUM Consider the following game in strategic form. bị b2 a1 18,2 80,60 a...

A: Mixed strategy Nash Equilibrium is when Player 1 chooses his/her strategy with a particular probabil...

Q: Due to he learning effect it gets harder to produce each new product. Select one: True False

A: The learning effect describes the process through which education boosts productivity and raises wag...

Q: Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequality...

A: The forum that engages business, political, and other social leaders for shaping regional, global, a...

Q: This second question gets you to work through the efficiency implications of market power. As econom...

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: The measure that depicts the change in quantity being demanded of a good with respect to change in p...

Q: When the economy is in a recessionary mode, what will likely be the actions by the Federal Reserve u...

A: A recession is a prolonged period of declining economic performance across an entire economy. A rece...

Q: Evaluate the following statement "a higher unemployment rate is always a bad indicator for the econo...

A: Employment means the working people get the job when they search for a job. It means the workers are...

Q: Explain how an increase in oil prices will accelerate transition to a backstop technology.

A: A backstop technology is a new technology that produces a near counterpart for an exhaustible resour...

Q: 12. Which of the following is not included in M1? a. Currency b. Demand deposits c. Savings deposits...

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

Q: Refer to Figure 8-6. If the tax is imposed on the buyer, what price would the sellers receive for th...

A: The equilibrium in a market occurs at the point of intersection of the demand and the supply curves....

Q: 1) Discuss the main features of oligopoly market.   please provide detailed answer

A: Definition An oligopoly is a market structure in which two or more enterprises hold market control, ...

Q: Consider the two period consumption savings problem faced by an individual whose utility is defined ...

A: For the above question let us firstly derive the lifetime budget constraint : In period 1 : Budget C...

Q: Give an example of an Elastic product, what makes it elastic? What can make it become inelastic? Gi...

A: The demand for the product is elastic when the change in quantity demanded of the good is more than ...

Q: progress being ight against poverty Most development economists now seem to agree that the level and...

A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If you...

Q: Corn is a very valuable product for which the U.S. government routinely offers subsidies. With no pr...

A: The data given is as follows:- Equilibrium price of corn = $300 Equilibrium quantity of corn = 500 m...

Q: THE PRISONERS' DILEMMA: APPLICATIONS Which of the following phenomena are common mechanisms for sus...

A: A prisoner's dilemma is a situation in which individual decision-makers are always tempted to make c...

Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...

A: [a]In the given details regarding the total cost incurred on the number of students served in the pa...

Q: The table shows the cost information for a farm when the farm has three different amounts of capital...

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

Q: Please answer in paragraphs. Rate will be given! Give an example of an Elastic product, what makes ...

A: Elasticity is an important concept used in business to determine the extend to which the quantity de...

Q: A value of a car of AED 200,000 in 2020 is NOT the same as the value of the same car of AED200,000 i...

A: Value of car in 2020 definitely is not the same as the value of the same car in 2010 because of the ...

Q: The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies ab...

A: A perfectly competitive firm's short-run supply curve is that portion of the marginal cost curve tha...

Q: Price 10 9 8 7 6 5 4 2 1 D 10 20 30 40 50 60 70 80 90 100 Quantity a. Suppose this market exists as ...

A:

Q: M/c question - Micro 29) What is a characteristic of a perfectly competitive market?  A. Goods off...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: 25) What costs do firms that shut down in the short run still have to pay?  A. marginal cost  B. fi...

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

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A:   Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: What are the different type of strike a labor union can form?

A: Strike action, sometimes known as a labour strike is a work stoppage caused by a large number of emp...

Q: Determine the break -even point in terms of number of of umits produced following data in pesos. Sel...

A: Break even point The break even point in financial matters, business-and explicitly cost bookkeeping...

Q: or the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in...

A: Given: Annual equivalent worth=$500 Interest rate (i)=10% per year Gradient=G Number of years(n)=7

Q: What is Microeconomics?

A: Economics is concerned with the production, distribution, and consumption of goods and services. It ...

Q: For a certain good, when the good's price falls from $12 to $10, its quantity demanded rises from 10...

A: Price elasticity of demand = %age change in QD / %age change in Price  

Q: 4. Consider the following strategic environment involving a firm manager (Manager) and two workers (...

A: Given,  One ManagerTwo Players : Worker 1 and Worker 2Both Workers have the same strategies : Work h...

Q: Use graphical method to solve the following LPP: Maximise Z = x+ 4y Subject to the constraints: x + ...

A:

Q: 1. Suppose an economy is initially in a steady state as described by the Solow model with labour aug...

A: We assume that the quality of educational institutions influences output  in relation to capital. Be...

Q: 4. In an attempt to calculate the optimal strategy for Row [x (1 – x)]. Calculate the matrix RP. Wha...

A: Payoffs of the game are in following manner  :       Player 2 Probability    -3,3  1, -1  (x) ...

Q: Multiple choice - microeconomics 43) What will entry into a market by new firms do?  A. It will in...

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

Q: If an investment has an estimated cost of £1000, and it offers £550 the first and the second year af...

A: The internal rate of return (IRR) is the interest rate that makes the net present value (NPV) zero. ...

Q: A commercial vehicle is purchased for an acquisition cost of $300,000. The operating and maintenance...

A: Economic life is the life of an asset till the time it can be used.  The EUAC of the defender is gre...

Q: You are an employee of a U.S. firm that produces personal computers in Thailand and then exports the...

A: According to question given, You work for a company in the United States that manufactures personal...

Q: You have a debt to your favorite friend Php 200,000.00. Due in your loss of money, you provide to pa...

A: a) Number of Periods = 1 * 12 = 12 A = $5000 , G = G So, Present value = 200,000

Q: The autonomous savings level is -300, if the income increases to 500, the level of consumption will ...

A: Autonomous saving= -300 Income=500 Consumption= 700  

Q: Write a short note on Foreign Exchange Regulation Act of US 1983?

A: Answer: Introduction: Under this Act's Section twenty nine specifically addressed MNC operations in ...

Risk and Uncertainty

Uncertainty refers to a situation when there is one possible outcome of a decision but where the probability of occurrence of each particular outcome is not known or cannot be estimated.