Describe the sources of supply and demand in the market for loanable funds and the market for foreign-currency exchange.

Q: Define Availability of substitutes?

A: Substitutes are the goods which can be used in place of each other with equal ease. 

Q: Imagine that you are a price-taking firm with the following total cost schedule. Q            1     ...

A: Supply will be at that point where price is equal to the marginal cost . Therefore, at a given price...

Q: Indicate how each of the following might affect the data shown in the table and graph in Figure 2 of...

A: The law of demand establishes an inverse relationship between the two variables, price and quantity ...

Q: List the main categories of federal revenue and spending and describe the difference between margina...

A: Apart from maintaining law & order and protecting a nation against external threats (national de...

Q: I need help with this problem

A: Circular flow of income is the process where the creation and flow of the money generated and its ci...

Q: Find out any three saarc countries and find out their nominal exchange rate?

A: South Asian Association for Regional Cooperation (SAARC)  It is an intergovernmental organization wh...

Q: Please find the utility maximizing level of consumption bundle if the income of the consumer is 120 ...

A: The utility maximization problem is to find a consumption bundle that maximizes a given utility func...

Q: Big corporations like Exxon Mobil and Ford Company have deep pockets and need to be hiring more peop...

A: So both the big corporates have financial abundance.

Q: With current technology, suppose a firm is producing 400 loaves of banana bread daily. Also, assume ...

A: Total cost is the sum of all the costs of the different inputs.  

Q: Question Use the below data to calculate: 1- The labor force 2- Unemployment rate 3- Population4- La...

A: Labor force participation signifies the proportion of civil population that is either employed or se...

Q: Graph represents the cost structure of an individual firm in a perfectly competitive market. If the ...

A: A competitive market has numerous number of firms and buyers interplaying with each other for To the...

Q: Does a gap between the average earnings of men and women, or between whites and blacks, prove that e...

A: In labour economics, discrimination is mainly associated with the employer and employee relationship...

Q: Refer to Figure #2. When tax per unit is imposed, what is total tax revenue collected by the governm...

A: Per unit tax is the fixed tax imposed by the government on each unit of goods and services sold.

Q: 4) Use the figure below to answer the following questions.   Figure 1 Consider the demand curve in ...

A: Consumer surplus is the consumer’s willing to pay over the price which a producer charges for a comm...

Q: Figure #2 price 10 24 DaffertaE 10 20 30 40 50 Refer to Figure #2. After the tax is imposed, what is...

A: We have given the following figure 

Q: (1). derive and sketch the optimization condition for profit maximization.

A:

Q: What is the difference between a change in demand and a change in quantity demanded? Supply and quan...

A: A concept that refers to the desire of a customer to buy goods and services and the willingness to p...

Q: Briefly explain  (a) Why the producer prefers stage 2 in production process.

A: There are three stages in the production process. Out of these three stages, the second stage is kno...

Q: Compare and contrast Nominal GDP vs Real GDP

A: Nominal GDP is a macroeconomic evaluation of the production of goods and services focused on the est...

Q: Task 5: Consumption as young and consumption as old Now suppose Mary is thinking about her retiremen...

A: Since, we have more than three subparts for the question, we are going to answer first three subpart...

Q: What is the difference between oligopoly and monopolistic competition?

A: Different market structures are categorized on the basis of number of buyers and sellers, the types ...

Q: Supply GH Demand 8. 10 12 14 16

A: Consumer surplus(CS) refers to the ‘willingness to pay’ of consumers minus the amount they actually ...

Q: It is being decided whether or not to replace an existing piece of equipment with a newer, more prod...

A: External rate of return (ERR) is the minimum rate which the management wishes to have from any proje...

Q: I need help with this problem

A: The purchasing power is determined by the income and the prices in a given year. If a given year the...

Q: Maya and Max are neighbors. Each grows lettuceand tomatoes in their gardens. Maya can grow45 heads o...

A:   Meaning of Production Possibility Frontier: The term production possibility frontier refers to the...

Q: Suppose a closed economy generates $2900 output and income in equilibrium. Suppose also that the gov...

A: Output of the economy = $2900 Government expenditure = $400 Lump-sum tax = $200

Q: (a) Why the producer prefers stage 2 in production process.

A: There are three stages of production. I stage – It is the stage of increasing returns to scale. Here...

Q: Should competitors work together in an oligopolistic market?what is it called if they do,and is it l...

A: One of the feature of oligopoly is interdependence between firms.

Q: 15. The demand equation for a good is given by the equation: Qx = 520 – 20P, + 0.6 Y + 2.9P,. Find t...

A: Plugging given values, Qx = 520 - (20 x 10) + (0.6 x 700) + (2.9 x 21) = 520 - 200 + 420 + 60.9 = 80...

Q: Understand how to calculate percentage changes.

A: The change in various factors, parameters, and variables have to be studied in order to find the gro...

Q: What is the difference between disagreeing abouta positive statement and disagreeing about a normati...

A: Economics refer to the study of allocation of scarce resources in the most optimal way, when the wan...

Q: Distinguish between a shift in and a movement along the supply curve.

A: Supply curve is the curve which shows the relationship between price and quantity supplied. Supply c...

Q: Discuss the difference between relative and absolute measuresof poverty.

A: Poverty is the economic situation in which an individual is unable to afford and consume the basic n...

Q: MCQS 1- Which of the following is NOT a component of Gross Domestic product? Investment. Consumptio...

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

Q: I need help with this problem.

A: Since multiple subparts have been given, the first three would be answered by us. For the answers of...

Q: Why Law of diminishing return is more applicable in agriculture sector?

A: The Law of diminishing returns states that the marginal product of the variable factor will ultimate...

Q: How can a monopolist identify the profitmaximizing level of output if it knows its marginal revenue ...

A: A monopoly refers to a single seller in the market. Thus, a monopolist faces no competition and has ...

Q: Why Marginal cost curve is U-shaped?

A: The marginal cost curve illustrates the relationship between the marginal cost and the number of goo...

Q: What is the answer for the question  Despite their differences, with which proposition are two econo...

A: Outsourcing is a process of getting such job duties carried out outside an organization rather than ...

Q: Part A: Give a specific example of something a household would buy or sell in the product market. Pa...

A: Product market: It is the place to sale and purchase goods & services. Factor market: It is a pl...

Q: Briefly discuss each of the seven periods in the evolution of purchasing and supplymanagement. What ...

A: Purchasing developed into strategic procurement, contracts became longer-term, and the creation of s...

Q: GRAPH USED FOR PROBLEMS ATTACHED 1. If 80% of households earn 55% of the income, what percent of inc...

A: Lorenz curve is the graphical representation that shows the income inequality. The horizontal axis m...

Q: Suppose a closed economy with no government spending or taxing initially. Suppose also that intended...

A: A closed economy is the one in which all the output that is produced is consumed domestically and al...

Q: Suppose that the residents of Mexico spend all their income on cauliflower, broccoli, and carrots. I...

A: The consumer price index measures the changes in price level in the market basket of the goods and s...

Q: In one week, Susan can see 4 blouses or bake 280 pies. The opportunity cost per pie is

A: Opportunity is the income foregone, that is, the income that has to be given up to pursue other acti...

Q: The Law of Demand and Marginal Utility Daniel allocates hisbudget of $24 per week among three goods....

A: (Note: Since the question has multiple parts, the first three have been solved. Please resubmit the ...

Q: Which of the following are myths about the U.S. economy? Check all that apply.   A. The United St...

A: Since US consume 88% of total items that are produced in US, therefore, we can say that US is relati...

Q: Use headlines from the recent news to illustratethe potential for conflict between self-interestand ...

A: Over 200 years ago,the self-interest versus the social-interest debate began with Adam Smith and it ...

Q: (b) What is the behavior of Marginal revenue, Average revenue and price under perfect competition? A...

A: Perfect competition refers to the situation where there are many buyers and sellers exist in the mar...

Q: What is sunk cost? Provide an example of a sunk cost.Why are such costs irrelevant in making decisio...

A: A sunk cost is the cost that is already paid and is non-recoverable.  An example is the fixed costs ...