Define compensating differential and give an example. Give two reasons more educated workers earn more than less educated workers.

Q: Define the gradient-series present-worth factor?

A: Answer:  Definition: Uniform Gradient Present Value ( UGPW) calculates the uniform gradient present ...

Q: While unemployment is highly negatively correlated with the level of economic activity,in the real w...

A: Unemployment refers to a situation where the workers are ready to offer their labor at the existing ...

Q: Do you think that we should try to control inflation or that we should let the market take care of l...

A: Inflation is a general increase in the price of goods and services over some period of time. It has ...

Q: 11.) What is one advantage of belonging to the eurozone? a. it allows people, money, and goods to mo...

A: A market is a place where the buyers and sellers will interact and the trade of the goods and servic...

Q: One day,  chinedu the barber , Inc, collects D400 for haircuts.over this day , his equipment depreci...

A: Given, Total income = D400 Depreciation= D 50 Sale tax (Indirect taxes) = D 30 Income tax (Personal ...

Q: Explain with the help of Graphs of Total Product (TP) and Marginal product (MP) the three laws of va...

A: The law of variable proportions says that as we increase the variable input, the total output first ...

Q: Fill in the columns in the following table. What quantity should a profit-maximizing firm produce? V...

A: Formula used for completing the table below: TC = TFC + TVC MC = TCn - TCn-1 TR = P*Q Profit = TR - ...

Q: Imagine you have some workers and some handheld computers that you can use to take inventory at a wa...

A: According to the law of diminishing returns the marginal output of a production process decreases wh...

Q: Economic analysis of gift giving

A: The income level is given at $200 and the price level of both goods CDs and Clothing have a price le...

Q: What are the Advantages and disadvantages of Finding Rate of Return?

A: Advantages: It considers time value of money It is simple to calculate No need to find hurdle rate ...

Q: What are problems that governments may encounter in enacting and applying fiscal policy? Explain the...

A: Fiscal policy is tools available to government to counter the economic imbalances, using an expansio...

Q: Scenario 4 Suppose there are two residents in a neighborhood, Tana and Jason. Tana's demand for clea...

A:

Q: What is"do-nothing alternative?

A: The investment is the decision in which the individual makes the money spends in the business rather...

Q: The effects of property rights on achieving efficiencyConsider a river found in the city of Philadel...

A: Given, the researcher could uses different method of production that involve recycling water, the po...

Q: Unemployment rates have been higher in many European countries in recent decadesthan in the United S...

A: Unemployment is the situation when people actively searching for work but unable to find the work. U...

Q: Give an example of a risk premium?

A: The expected risk-free rate of return on an investment is known as the risk premium. It is also the ...

Q: To finance your car, you have decided to take a car Joan in the amount of $20,000 from your credit u...

A:

Q: -When should a private good be produced from an efficiency standpoint?  a-When the sum of all of so...

A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only the first ques...

Q: Omar Shipping Company bought a tugboat for $75,000 (year 0) and expectedto use it for five years aft...

A: The net income can be calculated by using the following formula:

Q: In engineering economics, the term cost is used in many ways. What are they?

A: Engineering Economics helps in the study of economic principles and its application from a behaviora...

Q: The most likely reason that most large consumer oriented firms use a differentiated/heterogeneous ta...

A: The most likely reason that most large consumer oriented firms use a differentiated/heterogeneous ta...

Q: Why do we prefer a shorter payback period if other things are equal?

A: Payback period is the time required to cover the cost of the investment or the time required by the ...

Q: You would like to buy a house that is currently on themarket at $85,000, but you cannot afford it ri...

A: Present value (PV) = $85000 Total time period = 5 years Interest rate = 7%

Q: If you purchase a gift card electronicallt through a site such as Plastic Jungle, you can use the mo...

A: A market is a place where the exchange of goods and services takes place between the buyers and sell...

Q: How to analyze the rate of interest?

A: The interest rate is the percentage of the amount paid by the borrower to the lender in a given peri...

Q: 41.) What is the fastest growing religion in Europe during the 21st Century? a. Christianity b. Isla...

A: The growth of religion in a particular region is possible through the following ways: 1. Conversion....

Q: What does the Revised Measure (Base Period) include?

A: The gross domestic product (GDP) is the summation of the money value of all the completed goods and ...

Q: Scenario 4 Suppose there are two residents in a neighborhood, Tana and Jason. Tana's demand for clea...

A: First, find the inverse demand function for both Tana and Jason. Inverse demand function of Tana is ...

Q: A) Complete the following table B) Illustrate the following variable by graph: (TFC, TVC, TC) Q TFC ...

A:

Q: Evaluate the impact competitors and additional economic factors have on the results of the generic d...

A: The main aim of any drug company is to generate revenue and be in the market so the pricing strategy...

Q: Explain with an example that money has time value?

A: Time value of money talks about the difference between the amount of money  one has today and the mo...

Q: Fill in the blanks

A: According to the data given for lower estimates, the jobs created in     Year Calculation Jo...

Q: For what purpose is the Benefit-cost analysis commonly used?

A: Benefit-cost analysis is an analysis process through which a firm or company analysis the decisions ...

Q: Suppose the total reserves held by banks amount to R13.09 million. Banks hold R1 in excessreserves f...

A: Given: Total reserves = R13.09 million. Required reserve ratio = 8.5% Total amount of currency = R60...

Q: what are the monetary and fiscal policy before pandemic and policy after pandemic in the world inclu...

A: Before pandemic in Asian countries In the whole world recession type situation was going on before p...

Q: The poorest 90 percent of people share equally in 40 percent of the wealth. the rich share equally i...

A: Formula:  

Q: Question The following appeared in an article in the Wall Street Journal: “Last week, true to discou...

A: The question pertains to structure of the market in which the airline companies operate.

Q: Give some examples of benefit-cost analyses?

A: Benefit-cost analysis is a process used by the business to analyse the decisions and to choose the b...

Q: Define the term Net-Present-Worth Criterion?

A: Net present worth refers to the difference between the net present cash inflow and the net present v...

Q: Suppose that the expected exam scores from studying economics for 0, 1, 2, or 3 hours are 65, 80, 90...

A:

Q: Compute the declining-balance depreciation schedule for an asset with thefollowing data:Cost of the ...

A: Double declining depreciation can be calculated by using the following formula: Substitute the resp...

Q: like to be perceived. This underlying psychological force is what often spurs a person to fill this ...

A: Option D (Motivation) is the correct answer. Motivation is the force driving the individual to fill ...

Q: According to statistics, people in their teens (15 years) will buy 12 CDs and 15 cheese pizza in a y...

A: Answer: Present consumption of teens is 12CD and 15 pizzas. and cheese pizza is a secondary good for...

Q: Define the term Economic Equivalence?

A: Economic engineers have an important role in determining the profitability of alternative projects t...

Q: 2. What would be the impact of changing the determinant variables given in the first column (below) ...

A: Investment refers to the process of acquiring an asset or a process with the objective of generating...

Q: How is the decision procedure used when comparing two or more mutually exclusive projects on the bas...

A: Rate of return measures helps the investors to select best choice among multiple alternatives are av...

Q: Economic growth around the world The following table reports real income per person for several ...

A: From the given data, the country Hong Kong has the highest level of GDP in 2010, $44,070. The countr...

Q: Assume an economy produces only two goods ( shoes and computers ) with a fixed amount of productive ...

A: Hello, Thank you for the question. Since there are many subpart questions posted by you here under a...

Q: Trying to figure out

A: The production possibility frontier (PPF) is a curve which illustrates the varying quantities of two...

Q: Externalities - Definition and examples An externality arises when a firm or person engages in...

A: An externality arises when a firm or person engages in an activity that affects the well-being of a ...