Explain why the natural unemployment rate is not zero and why the unemployment rate fluctuates around the natural unemployment rate.

Q: 2. How monopoly generates profit? Explain with the help of equation and graphs?

A:   When a firm is only seller of a product & has no other close substitutes  within the market pl...

Q: Use the circular flflow diagram to show how each of the following government actions simultaneously ...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: When can a deadweight loss be greatest? (a) Supply is elastic, and demand is perfectly inelastic (b)...

A: A deadweight loss represents the loss of welfare to the society that mainly arises from an inefficie...

Q: Microsoft – increasing or diminishing returns? In some industries, securing the adoption of an indus...

A: Diminishing returns: Diminishing returns is that the decrease within the marginal output a productio...

Q: Which of the following does not have a U-shaped curve? a) The AC curve b) The AVC curve c) The AFC c...

A: The average cost curve, average variable cost curve, and marginal cost all are U-shaped due to law o...

Q: Would each of the following groups to be happy or unhappy if ringgit appreciated? Explain. A) Hong K...

A: Since we only answer up to 3 sub-parts, we will answer the first 3. Please submit a new question spe...

Q: 2. The company that you manage has already spent $5 million on developing a new product – a website ...

A: The marginal benefit refers to the additional benefit from doing an additional unit of an activity. ...

Q: How does the Gini ratio relate to the Lorenz curve? Why can’t the Gini ratio exceed 1? What is impli...

A: Wealth inequality is characterized as a statistic that illustrates the disparity among various house...

Q: There are two methods under consideration for improving security at a county jail. Select one based ...

A: The formula of calculating Benefit-Cost ratio is: Incremental B-C Ratio=AW of net benefitsAW of cost...

Q: A firm estimated a demand function for their mugs:Dm = 1.25Y- 0.8Pm + 0.5Dc – 0.1PcWhere D stands fo...

A: The price elasticity is the change in quantity in response to the change in prices. The income elast...

Q: “In the latte market, demand often exceeds supply and supply sometimes exceeds demand.” “The price o...

A: Demand is the willingness of consumers for consuming goods and services at given prices. Supply refe...

Q: Ghose and Han (2014) found that the elasticity of demand for Google Playapps is -3.7.  This elastici...

A: Ed for google play=-3.7A rise in price=5%Now,Ed=% change in quantity demanded% change in price-3.7=%...

Q: An economist estimated that the cost function of a single-product firm isC(Q) = 100 + 20Q + 15Q^2+ 1...

A:  The cost function of a single-product firm is: C(Q)=100+20Q+15Q2+10Q3

Q: If you rent your property to people on Airbnb you are meant to declare the income you receive to the...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Land in south western Ethiopia can often be used to grow either coffee or khat.suppose the price of ...

A: Given that the land has two uses, coffee and khat would be complementary goods in production. This i...

Q: Would each of the following groups to be happy or unhappy if ringgit appreciated? Explain. A) Hong K...

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

Q: i= 6% per year 3 5 10 A = 20 000 25 000 30 000 35 000 40 000 45 000 The equivalent present worth (PW...

A:

Q: Find the attached file.

A: GDP: It is the national income of the country. GDP is the value of all the final production in a nat...

Q: Display graphically changes in the equilibrium interest rate if the economy is experiencing rapid gr...

A: solution: The aggregate demand curve shows inverse relationship between price level and real GDP whe...

Q: If currency ratio is 0.15, required reserves ratio is 0.10, excess reserves ratio is 0.05, banks red...

A: A discount loan refers to a loan taken by a commercial bank from the central bank. Any change in dis...

Q: Show as a diagram and explain the hierarchy of monetary policy objectives.

A: Monetary policy refers to the policies that the Central Bank undertakes to maintain the stability of...

Q: MCQ: In order to maximize profits, the firm in a perfectly competitive industry produces where: Min...

A: In the producer's theory, a rational producer will always try to produce at a level where it maximiz...

Q: 1. Your company operates in a perfectly competitive market. You have been told that advertising can ...

A: The marketing relates to practices that a corporation undergoes to facilitate the acquisition or dis...

Q: 16. Nominal GDP differs from real GDP because nominal GDP is based on constant pricesreal GDP is bas...

A: GDP is a macroeconomic measure of the aggregate total production of output in an economy. It can be ...

Q: What firm dominates the U.S. beer industry? What demand and supply factors have contributed to “fewn...

A: The demand(DD) & supply(SS) are the most important components of the market. The firms supply th...

Q: a) Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet. With those terms of tra...

A: Lets graph out the production possibility curve:

Q: A balanced federal budget and a balance of trade are secondary goals of macroeconomics, while growth...

A: Balance budget means a budget of government in which they will maintain the expenditure equivalent t...

Q: Find the price elasticity from 2 to 1 such as: %4QD %AP

A: The elasticity of demand measures the responsiveness of quantity demanded changes as a result of pri...

Q: Based on these indicators, do you think Iloilo City is a global city or not? Answer in not less than...

A: Global city is a city that is considered to be within the global network and has expanded its functi...

Q: State what the theory of comparative advantage forecasts: When there are two countries A and B, and ...

A: Comparative cost advantage theory was propounded by David Ricardo. This is an important theory of in...

Q: Tony's Pizza Company has some missing cost data and needs your help to provide the missing data in t...

A: ​In economics, cost refers to the different types of expense that is incurred by the businessmen in ...

Q: A start-up company with multiple nanotechnology products established a goal of making a rate of retu...

A: Start-up companies need money to grow, to expand their business, for research and development, and f...

Q: Owen saw that the price of peaches had gone down, and so he decided to buy more peaches. Based on ...

A: Answer: Given, Owen saw that the price of peaches had gone down, and so he decided to buy more peach...

Q: Suppose you are a seller in a perfectly competitive market, and you are not happy with the existing ...

A: Perfect competition refers to the competition wherein the firms in the market produce and sell homog...

Q: Positive statements are: (a) Statements of description that can be tested (b) Statements of prescrip...

A: Economists are more likely to be acting as scientists when economists make positive statements.

Q: Q26. Qdt = 21 – 2P: Qst =-3 + 6P; P+1 = P; -0.3(Qst – Qat) Find the time path P, and determine wheth...

A: We are goint to find the original time series generated by Pt to solve this question.  

Q: Which one of the following is an example of the economic activity of consumption? An automobile roll...

A: Option (2).