Can an increase in the price of cheese possibly induce a consumer to buy more cheese? Explain

Q: Please dont use excel.

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

Q: Differentiate between the following concepts (i)Fisher theory of money VS Keynesian theory of money

A: Money is any item or a verifiable record which is generally being accepted as payment for services a...

Q: Explain the value of seasonal indices in forecasting. How are seasonal patterns different from cycli...

A: A seasonal pattern exists when a series is influenced by seasonal factors (e.g., the quarter of the ...

Q: You are considering investing in one of two projects, which have the following returns and probabili...

A: Part (a) Mean return of project A = Σ X p(X) Mean of project A = 0.1(-0.2) + 0.25(0.1) +0.3(0.15) + ...

Q: How might a theory of the economy differ from a description of that economy?

A: Economics is a discipline that includes the micro-level and the macro-level components in the econom...

Q: You expect to receive bonus of $10000 after 1 years of job. Calculate the present value if the disco...

A: Bonus amount = $10000 Time = 1 year Interest rate = 2%

Q: Use a graph to show the situation that would prevail in a competitive market where firms are earning...

A: Perfect competition is a market form wherein the firms produce and sell homogenous goods and service...

Q: 3. Suppose that this year’s money supply is $500 billion, nominal GDP is $10 trillion, and real GDP ...

A: According to the Quantity Theory Money, Money Supply×Velocity of money=Price level×Real GDP or, MV=P...

Q: Given the regression equation Y = 100 + 10X a. What is the change in Y when X changes by +3? b. What...

A: In this regression equation, the relationship between X and Y is explained. By substituting the give...

Q: Overstimulating the economy: Suppose the economy today is producing outputat its potential level and...

A: The ‘inflation rate’ refers to the percentage(%) increase(↑) or decrease(↓) in the price(P) level, w...

Q: Q.7 A consumer's utility function is given by the expression: i = (0.6À"s + 0.4y"s). • Determine the...

A: Note- Since, you've asked question with multiple subparts, we'll only solve the first three subpart ...

Q: Discuss the following items: 1. Difference of Macroeconomics and Microeconomics. 2. How a country's ...

A: Economics is broadly classified into two branches -1) Microeconomics 2) Macroeconomics. All the othe...

Q: Japan's central bank, the Bank of Japan, has an inflation target of -0.25% per year (or rather "Defl...

A: Inflation refers to the situation of increasing price level in the economy. Deflation refers to the ...

Q: You have been asked to forecast the additional funds needed (AFN) for a firm, which is planning its ...

A: Additional funds needed is an idea to utilize the money for the business to grow the business activi...

Q: Suppose the current administration decides to decreasegovernment expenditures as a means of cutting ...

A: Aggregate demand is the total demand of all goods and services in the economy. Aggregate supply is t...

Q: a producer faces a fixed cost Rs 50 and a variable cost of RS 5 per unit of output when he produces ...

A: The total function denotes the sum of total fixed cost and total variable cost faced by the firm in ...

Q: Consumption Function Suppose that a country's consumption function is given by C=(9\sqrt(I)+0.8\sqrt...

A: The marginal propensity to save (MPS) signifies the change in household saving in reaction to a one-...

Q: . When China’s clothing industry expands, the increasein world supply lowers the world price of clot...

A: The consumer surplus indicates the difference between the price that consumer is willing to pay and ...

Q: 23 - Most large companies with overseas operations have inherited: a) O patchwork international syst...

A: Companies with operations should have certain technology which can be used while operating in domest...

Q: As the manager of a monopoly, you face potential government regulation. Your inversedemand is P = 40...

A: Inverse Demand, P = 40 - 2QCosts, C(Q) = 8Q

Q: What happens to hours of work when the wage rate falls? Decompose the change in hours of work into i...

A: The wage refers to the income which is paid to the workers for their services. The wage rate is cons...

Q: Define Average unit cost

A: A firm has to hire various factors of production or inputs to manufacture a certain quantity of comm...

Q: Which of the following is a component of a firm's microenvironment? O a. suppliers, customers, compe...

A: Macroenvironment includes the general and uncontrollable economic forces that affect the all firms o...

Q: The Aberdeen Fixed Rate Fund pays a dividend of 10% per year simple interest. If you invest $310,000...

A: By simple interest rate A = P x R x T100+ P A = Total AmountP = $310,000R = 10%T = 10 Years

Q: AD has estimated the following demand relationship for its product over the last four years, using m...

A: Here, simple linear regression analysis has been done to establish a link between the sales of a pro...

Q: If aggregate supply is vertical, what role does aggregate demand play in determining output? In dete...

A: Aggregate supply describes, for each given price level the quantity of output firms is ready to supp...

Q: How might pricing strategies differ among carriers in competitive markets,oligopolistic markets, and...

A: Pricing strategies differ across different market structures due to the competition in the market, a...

Q: Why is FICA a regressive tax?

A: Regressive tax: It refers to the tax which has to be paid by everyone. This tax changes with the inc...

Q: Erin grows pecans. The number of bushels (B) that she can produce depends on the number of inches of...

A: A function represents a rule that is able to assign a number in R1 to each number in R1 for example ...

Q: In order to safeguard the public health, environment, public beaches, water quality, and economy of ...

A: The costs of these four alternatives are calculated first. The capital-cost is a one-period cost. He...

Q: Differentiate Microeconomics from Macroeconomics

A: There are two main branches of economics: Microeconomics and Macroeconomics. Microeconomics is the s...

Q: What is the difference between monetary policy and fiscal policy ? Explain

A: Monetary policy is regulated by the central bank of country,whereas fiscal policy is regulated by th...

Q: Questions & choices in the images.

A: Note: Sorry, Since you have posted multiple question with multiple images, I will do only first. if ...

Q: It's questions from Macroeconomic Assignment  plzz plzz solve  it i haven't more req remaining

A: Gross domestic product (GDP) is the monetary value of all the goods and services produced within the...

Q: All MegaCorp employees who stay on the job for more than three years are rewarded with a 10 percent ...

A: The change in behavior of the parties after the deal is called moral hazard. This problem arises due...

Q: surplus budget tends to?

A: A receipt is a document as proof that a person receives money or other monetary things.

Q: Which divisions of the business spent their money on products and services that were correctly budge...

A: In a business, multiple divisions are handling various branches of a business. They carry out differ...

Q: Consider Table 1 above. Which country has a greater standard of living?      A) Uru...

A: The gross domestic product refers to the total amount of all the goods, and services produced in an ...

Q: How does the best price change as the unit variable cost changes?

A: A variable cost could be a corporate expense that changes in proportion to production output. Variab...

Q: The best example of the globalization of nothing is McDonaldization. TRUE O FALSE

A:   Meaning of Globalization: The term globalization refers to the situation under which there are two...

Q: 1. Is bidding in the Philippines followed properly? Why or why not? Justify your answer.2. Is Philip...

A: The procurement process before the enactment of the GPRA lacked transparency and competition since b...

Q: What kind of changesin the economy might infuence the slope of the Phillips curve?

A: The idea of driving the Phillips curve expresses the adjustment in unemployment inside an economy pr...

Q: With an elastic demand curve, an increase in the price leads to a decrease in quantity demanded that...

A: The elasticity refers to the responsiveness of the quantity demand due to change in the price. If th...

Q: Suppose the cross-price elasticity of demand between goods X and Y is 4. How muchwould the price of ...

A: The cross-price elasticity of demand is used to measure the proportionate change in the quantity dem...

Q: discuss the differences of microeconomics and macroeconomics

A: Microeconomics and Macroeconomics both are the branches of economics. Here, microeconomics deal with...

Q: The value of U.S. imports is: Group of answer choices 1. subtracted from exports when calculating G...

A: Option (1).

Q: A structural change in quantity demanded of a good is known as: A. Change in Demand B. Shift in Dema...

A: Demand- it is the amount of good or service that an individual is willing to consume or purchase at ...

Q: Suppose Fischer Pond is a common-property resource—anyone can fish without having to pay for access....

A: Common property resource are the natural resources which are owned and managed by the community or s...

Q: The equation of demand is Q=10000-5p, supply is Q=-2000+10p Q represents the quantity of houses on t...

A: The equilibrium price and quantity are obtained by putting quantity demand equal to quantity supplie...

Q: The demand and supply functions for a product in two large countries are given as: Country A Country...

A: The demand(DD) and the supply(SS) equation for each of the countries are equated to find the equilib...