Explain the four kinds of utility.✓ Provide an example of each.

Q: Explain how might positive thinking help an economy expand? Demonstrate your explanation using the A...

A: The AS curve or aggregate supply curve shows the number of outputs that firms are willing to supply ...

Q: The industry environment plays a critical role in the profitability of a company. Hence, companies a...

A: Business environment refers to the factors that affect the business operations. These factors can be...

Q: Lara offers 100 autograph bats. If each is priced at p dollars, it is that the demand curvefor the b...

A: Definition of price elasticity of demand : Price elasticity of demand refers to the responsiveness o...

Q: Average fixed costs of production will rise at a fixed rate as more is produced. appear as a U-shap...

A: In microeconomics, the average fixed expense is the fixed expenses associated with the production di...

Q: A firm has an average cost function A(q) = 125/q + q2/16 -4 Where q is the firm′s output.  (i) Deter...

A: The average cost is basically the division of the total cost of the business divided by the total un...

Q: Assume that the cost data in the following table are for a purely competitive producer:   TotalPr...

A: “Hey, since there are multiple sub part questions posted, we will answer the first three subpart que...

Q: You read in a business magazine that computer firms are reaping high profits. With the theory of per...

A: (a)   Assume that the computer industry is perfectly competitive. Earning high profit which attracts...

Q: Help

A: The Nominal Interest is obtained by adding real interest & inflation. i.e; Nominal Interest Rate...

Q: 1. Cattle grazing in a farmer's pasture do not suffer from the tragedy of the commons but explain wh...

A:

Q: FIRST TWO PARTS OF THIS QUESTION HAS BEEN RESOLVED EARLIER. PLEASE HELP ME SOLVE THE 3RD PART ONLY. ...

A: In the long-run, the demand matches the supply.

Q: During a nationwide program to immunize the population against a new strain of the flu, public healt...

A: For this, the value of x need to calculated, when the C(x)=17.

Q: Assume a U.S. firm buys (imports) $5 million (in U.S. dollars) of foreign goods. That transaction by...

A: Trade deficit refers to the situation where the import of the domestic country is greater than the e...

Q: If a perfectly competitive firm increases production from 10 units to 11 units and the market price ...

A: The perfect-competition is a form of market, where all the firms are price-taker and the prices(P) a...

Q: The closing price of Walmart stock at the end of its fiscal year (end of January) for five years is ...

A: Consumer price index refers to the price index that is accepted and is estimated over a fixed basket...

Q: Supplier Set Price Versus Market-Determined Price: Collusion or Competition?

A: In an economy, there can be two types of markets such as competitive and anti-competitive market. Ma...

Q: First National Bank Assets Liabilities and Net Worth    US Treasury Bonds $450,000    Net Worth $500...

A: Reserves refer to the amount that commercial banks are required to keep aside from lending to the bo...

Q: What is the last 5 year unemoplyment history

A: Unemployment rate refers to the percentage of unemployed population to the labor force.

Q: Suppose that the natural unemployment rate is 7 percent in 2016 and it decreases to 6 percent in 201...

A: The natural rate of unemployment refers to the situation when the unemployment remains stable at a p...

Q: 5. What would be the total revenue of a monopolist that practices perfect price discrimination and f...

A: Given the price = 8 Output sold at price $8 = 16

Q: Ellen is downloading labor market data for the most recent month, but her connection is slow. So far...

A: Labor Force = Total Employed + Total Unemployed Participation Rate = Labor Force / Working Age Popul...

Q: (Limitations of Rationality) Describe two limitations that make rational economic decisions more cha...

A: Rational decision making- It is the process in which choices are made between two alternatives. 

Q: A perfectly competitive industry currently has 100 identical firms in the short run, each of which h...

A: Hi Student, Thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Prove that for a perfectly competitive firm, P = MR

A: Perfect competition- The market having a large number of buyers and sellers. 

Q: I only need answers for the highlighted sections please :)

A: In a monopolistic competitive firm there are large number of firms selling similar products thus the...

Q: Assume that the economy is initially operating at full employment. Analyze the effect ofan increase ...

A: Assuming the economy is initially operating at full employment. The effect of an increase in the nom...

Q: A monopolistically competitive firm faces the following demand and cost structure in the short run: ...

A: Monopolistic competition: It refers to that competition in which the producer has no choice to charg...

Q: Given the below information, Find the price index for all four quarters and the real GDP for all fou...

A: Given Information: GDP C Ig G Nx Price Q1 300 70 170 30 $4 Q2 370 130 230 30 $5 Q3 430 170 ...

Q: 5. Iowa farmers can choose from five different manufacturers of farm implement equipment. Two of the...

A: There are various types of market structures in the economy. Some of them are monopolistic competiti...

Q: Propose strategies that can be implemented by a government to reduce unemployment.

A: Unemployment is a situation where people of the country are jobless and does not earn because of lac...

Q: In 1915, Albert Epstein allegedly borrowed $7,000 from a large New York bank on the condition that h...

A: True Effective annual rate of interest is given by  

Q: Economics Question

A: Hi student, thanks for posting the question. As per the guideline, we are providing answer for the f...

Q: Suppose the required reserve ratio is 20%. What is the maximum amount of total money supply that can...

A:

Q: True or False: When you deposit currency in a checking account, cash goes out of circulation and the...

A: Answer to the question is as follows :

Q: What is economic region of production? Describe with diagram.

A: An economic region of production can be referred to as an area of economic sense in which the margin...

Q: 3. Calculate the Inflation rates, evaluate the rates during the years and between the years. Discuss...

A: Inflation rate can be calculating using the following formula: CPIn - CPIn-1/CPIn-1 x 100 Calculatio...

Q: The inflation rate is 2 percent a year, and the quantity of money is growing at a pace that will mai...

A: In this case, when the quantity of money grows and the inflation rate remains constant, then the une...

Q: based on the 3 linked models of macroeconomy like very long run , long run and short run describe wh...

A:   Meaning of Inflation: Inflation generally arises when there is an excess increase in the level of ...

Q: Which kind of monetary policy would you expect in response to high inflation: expansionary, or contr...

A: Monetary policy refers to the credit control system adopted by the central bank of a country with an...

Q: a given market the demand for a homogenous product is given by p(q) = 120 – 5Q. The market as two fi...

A: Perfect competition   Dead weight loss= 5×(Q1-Q2)×(P2-P1)

Q: Assume the gross domestic product is $6,000 personal disposal income is $5,100, the government defic...

A: 1) The private-savings = Personal-Disposable Income(PDI) – Consumption(C)                           ...

Q: Consumption and Savings Functions Disposable Income Consumption Saving -50 100 200 400 a. Please com...

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

Q: Help

A: The consumer price index (CPI) is a measure of the overall cost of the goods and services bought by ...

Q: Francis wants to buy some paintings for their store to make it feel more classy. Francis would need ...

A: Answer: Correct option: option (a) Explanation: Francis would count this as an explicit cost of $20,...

Q: Nutritional economics. Suppose we are considering a hungry individual in the Gross-man model decidin...

A: Hi, thanks for the question. Since you posted multiple questions, we will answer first three subpart...

Q: Complete the following table by determining Raphael's accounting and economic profit of his piano bu...

A: Explicit Costs are the opportunity costs of production that require a monetary payment. Implicit cos...

Q: 1. How does an increase in unemployment negatively affect our government?

A: Unemployment is basically concerned with the people in a nation who are actively looking or finding ...