108. An initial transportation solution appears in the table. C D Factory Capacity 10 0 10 15 25 40 25 25 50 A B Warehouse Demand Can this solution be improved if it costs $5 per unit to ship from A to C; $7 per unit to ship from A to D; $8 to ship from B to C; and $9 to ship from B to D?
Q: For which of the following type of countries is the divergence betwee capita measured at official…
A: Purchasing Power Parity (PPP) is an economic concept that compares the purchasing power of different…
Q: What is Rodrik's Trilemma, especially in the context of Globalisation?
A: Rodrik's trilemma is the assertion that it is difficult to concurrently advance national…
Q: Explain any two Determinants of Elasticity of the suppy?
A: The elasticity of supply definition is primarily based on the law of supply, which merely states…
Q: Using examples and clearly labelled graphs where applicable answer the following question: Under…
A: States are able to gain a presence in markets beyond their national boundaries owing to global…
Q: Q 0 1 2 3 4 5 6 TC 8 14 18 20 24 30 40 TVC 0 6 10 12 16 22 32 ATC n/a 14 AVC n/a 6 MC n/a 6
A: A tabular representation of the various costs associated with producing different quantities of a…
Q: 1. The block-pricing monopoly faces a linear demand curve for each identical consumer: P = 90-Q. The…
A: The question explores the concept of a block-pricing monopoly facing a linear demand curve and a…
Q: Suppose that the exchange rate ($/Euro) is 1.10 on July 1st. Now suppose that the Federal Reserve…
A: The exchange rate decreases with expansionary monetary policy. So every option that gives value of…
Q: When was the Solow growth model developed and what was significant about that period? What did it…
A: In the below steps, we will be explaining the solow growth model and endogenous growth model.
Q: A = Two investment projects are characterized by cash flows A and B: B = -4000 -1000 1000 2000 4000…
A: The present worth formula is P=CFn1+in Here CFn is the cash flow at year n, i is the rate of…
Q: Refer to the table above. What is the growth rate in real GDP from 2020 to 2021? Answer this as a…
A: GDP stands for Gross Domestic Product. It is a method used to measure the economic activity and…
Q: Suppose the stock of government debt in Canada at the end of one fiscal year is $482 billion. If the…
A: Budget deficit means that government expenditure is higher than the Government Revenues in this case…
Q: Sandy Cove is the only beach resort on a small island and the only beach activity it offers is jet…
A: Monopoly is a popular board game where players buy, sell, and trade properties in an attempt to…
Q: he supply of dollars in the foreign exchange market is likely to be upward sloping because as the…
A: As the price of dollar rises. Suppose we are analyzing Dollars vs. Euro. And the price of dollars…
Q: Specialization and production possibilities Suppose Germany produces only cars and trucks. The…
A: The Production Possibilities Frontier (PPF) graph shows all the output combinations of two products…
Q: Intermediate macroeconomics: Using examples and clearly labeled graphs where applicable answer the…
A: The Solow growth model, also known as the neoclassical growth model, is an economic framework…
Q: The following graph represents the money market in a hypothetical economy. As in the United States,…
A: Fed is the central bank of United States which controls the supply of money in the economy.
Q: Consider a closed economy. Do we observe changes in total factor productivity? How are they…
A: A closed economy refers to an economic system that operates independently without engaging in…
Q: Consider a typical downward sloping short run Phillips curve. Which combination of events could…
A: Philips curve shows trade off between inflation and unemployment.
Q: Discuss Rodrik’s trilemma in the context of globalization.
A: The interaction between economic inequality and globalization in the context of world pollution…
Q: $220,000. The quantity demanded goes down from 6,500 units to 4,200 units. a. (2 points) Calculate…
A: Elasticity of demand is a measure of how sensitive the quantity demanded of a good or service is to…
Q: Suppose a country has a capital-output ratio equal to 5, a savings rat equal to 20% of GDP, capital…
A: Solow growth model is a long run economic growth model. Solow explains long run growth by assuming a…
Q: Assume a society consists of two economic? groups: one group is rich and the other group is poor.…
A: Equity refers to fairness, justice, and impartiality in the distribution of resources,…
Q: What does it mean to “vote with your dollar,” and how does this relate to Walras’s theory of General…
A: Walras's theory of General equilibrium: A theory in economics that analyzes the simultaneous…
Q: What is real GDP per capita if a country's real GDP is $5,968 billion and that country's population…
A: Real GDP per capita, also known as per capita income or income per person, is a macroeconomic…
Q: Below is a supply curve for a slice of gourmet pizza. Illustrate on the graph the impact of a…
A: The supply curve is a graphical representation of the relationship between the price of a product…
Q: 7:58 PM Fri May 19 A X # CENGAGE MINDTAP Homework (Ch 12) VALUE OF MONEY 2.00 1.75 1.50 1.25 1.00…
A: We are going to use the relationship between the price level and the value of money to answer these…
Q: Price Level LRAS -SRAS Ags D Real Output O a. this economy is in long run and short run equlibrium.…
A: Aggregate demand is the sum of Consumption, Investment, government spending and net export. Short…
Q: Suppose we have the following production function with human capital normalized to 1 (i.e. human…
A: Given Production function: Y=AK0.5L0.5 Here A represents factor productivity, A=10 K represents…
Q: What methodology do the authors use and why? Are there any implications of the finding for policy…
A: This article is studying the relationship between the hammer price and the scrap value of silver…
Q: How does the graph look for the effect of a temporary but persistent increase in total factor…
A: The concept of total factor productivity refers to how successfully and efficiently inputs are…
Q: a small open economy is described by the following equations: C = 50 + .75(Y-T) I = 200 - 20r NX…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first three question for you.…
Q: 2. Unemployment and Inflation (Chapter 9) Working-age population Employment Unemployment…
A: Calculate the missing values in the below step using the Labor specific formulae such as Labor Force…
Q: Consider an individual who is paid a constant hourly wage. Which of the following statements is…
A: A wage can be described as the monetary compensation or payment that an individual receives in…
Q: What argument, based on macroeconomic theory, might a government use to justify shutting down a…
A: Government policies allude to the deliberate activities, decisions, and regulations carried out by a…
Q: the effect of a temporary but persistent increase in total factor productivity (TFP) on current…
A: The RBC model is a framework for investigating how changes in closed nations' economies are…
Q: How would each of the following situations affect a nation's production possibilities curve? A law…
A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…
Q: Suppose that corn farmers want to increase their total revenue. Knowing that the demand for com is…
A: Inelastic demand refers to a situation in which the quantity demanded of a product or service does…
Q: 5. Problems and Applications Q5 Edison owns a water pump. Because pumping large amounts of water is…
A: A supply schedule is a table showing the quantity supplied of a commodity at each price for a given…
Q: Suppose that the exchange rate ($/Euro) is 1.10 on July 1st. Now suppose that the Federal Reserve…
A: With increase in money supply leads to decrease the interest rates as price of bonds increase. The…
Q: A tax that takes a smaller percentage of an individual's income as their income rises is called a a.…
A: Tax are the mandatory charge levied by the government. There are two types of tax:- direct tax and…
Q: the question is asking decrease in consumer confidence, so all things should be the opposite
A: Aggregate demand refers to the overall spending on final goods and services within an economy. It…
Q: What is econometrix
A: Econometrics is a branch of economics that combines economic theory, statistical analysis, and…
Q: Note: Line segments will automatically connect the points. PRICE LEVEL (Billions of dollars) 200 160…
A: The equilibrium level in macro economy is achieved at the level where AD=SRAS=LRAS. This is called…
Q: The graph shows the labor market for certified balloon artist in Chicago. Suppose that the World's…
A: The demand curve is a graphical representation of the relationship between the quantity of a good or…
Q: Consider a one period model in which a representative agent maximises the utility function: U (c, 1)…
A:
Q: Fiscal policy can move us to equilibrium at Full Employment by O a. these are all possible fiscal…
A: Fiscal policy refers to the use of government spending, taxation, and borrowing to influence the…
Q: A nomadic tribe in Lapland spends all its productive time hunting reindeer. Some of the reindeer…
A: A type of product or service whose demand decreases as consumer income increases is termed an…
Q: 6. A maximizing worker with u(r, c) = ¹/2+c¹/2 earns a wage of 0.50 per hour. Non-labour income is…
A: The indifference curve depicts the combinations of composite consumption and leisure that provide…
Q: The national saving schedule (S) is usually drawn with a positive slope because: a. the value of…
A: The national saving Schedule represents the relationship between the level of national saving (S)…
Q: Assume all transactions are between private individuals. A U.S. citizen buys a Japanese bond. This…
A: Balance of payment records all the transactions between a country and the rest of the world. It…
Please no written by hand solution
Step by step
Solved in 4 steps with 1 images
- to treat a sore back Kyoko undertakes a course of physical therapy.Kyoko's marginal benefit from her first physical therapy session is $250 from her second its $225 , from her third its $175 anf from her its $100. physical threapy sessins cost $175 each. assuming kyoko's final physical threapy session will earn her zero consumer surpus, kyoko will have _ physical threapy sessions and her total consumer surpus will be_ A .four, $0 B. three, $100 c. four, $125 d. three, $125Two important industries on the island of Bermuda are fishing and tourism.According to data from the Food and Agriculture Organization of the United Nationsand the Bermuda Department of Statistics, in 2009 the 306 registered fishermen inBermuda caught 387 metric tons of marine fish. And the 2,719 people employed byhotels produced 554,400 hotel stays (measured by the number of visitor arrivals).Suppose that this production point is efficient in production. Assume also that theopportunity cost of 1 additional metric ton of fish is 2,000 hotel stays and that thisopportunity cost is constant (the opportunity cost does not change).a. If all 306 registered fishermen were to be employed by hotels (in addition to the2,719 people already working in hotels), how many hotel stays could Bermudaproduce?1. Why 0% interest would rebuild ERI (Economic Responsibility Investing) economies? ... [3 lines max]
- Discuss any two of the eight infrastructure investments prioritised bythe NDP in relation to the Sustainable Development Goals (Todaro &Smith, 2020:17). Answer the following Question:• Indicate to which degree each infrastructure investment alignswith one or more of the Sustainable Development Goals. Note: The chosen infrastrucutre investments are Transportation and sustainable cities and communities.Suppose you are considering whether to purchase a house off of Lake Erie for $400,000. You expect thetotal costs of maintaining the property (utilities, repairs, etc.) to equal $15,000/year, and that you would be able togenerate $35,000/year in revenue if you were to put the house on the short term rental market.a. (3) Suppose you are deciding between purchasing the home or whether to invest $400,000 in an interest-bearingaccount. If your objective is to maximize your own net income, what would the interest rate have to equal for youto invest in the interest-bearing account?b. (4) Suppose you decide to buy the house, and now you have to decide whether/when to list the house on theshort term rental market (like Airbnb) or stay in the house yourself. Briefly explain what this decision woulddepend on. What are the implicit (opportunity) costs associated with renting the house to someone else on a givenday? What are the implicit costs associated with the staying in the house yourself?c.…4 Time remaining: 00:09:27 Economics Hurdle rates (minimum required rates of return) are often used by development banks such as the World Bank. Suppose the World Bank hurdle rate is 3%. The World bank is currently evaluating a carbon investment in Brazil that will require 1.35 million dollars given to Brazil now, in return for Brazil setting aside forest land and then returning 2.0 million dollars back to a carbon credit owned by the bank in 10 years. The world bank has already paid 1 million dollars in the past two years to set up a carbon payment fund that can generally be used for these purposes. Will the following investment in this carbon market make sense for the World Bank? A. No because the rate of return is equal to 2.4% B. No, because the opportunity cost of waiting is too high C. Yes, because the ratio of benefits to costs is greater than 3% D. Yes, because the rate of return is equal to 4.0%
- PLEASE CHECK THIS HOW TO SOLVE how to construct: can you explain all parts max┬(v^'∈[0,1]) Pr(b_2<b(v^' ))(v_1-1/2 (b(v^' )+E[b(v_2 )∣v_2<v^' ]))". "Alyssa’s Custom Cakes currently sells 4 birthday, 3 wedding,and 2 specialty cakes each month for $45, $155, and $105each, respectively. The cost of labor is $50 per hour (includ-ing benefits) and it takes 90 minutes to produce a birthdaycake, 240 minutes to produce a wedding cake, and 60 min-utes to produce a specialty cake. Alyssa’s current multifactorproductivity ratio is 1.30.a. Use the multifactor productivity ratio provided to calcu-late the average cost of the cakes produced.b. Calculate Alyssa’s labor productivity ratio in dollars perhour for each type of cake c. Based solely on the labor productivity ratio, which cakeshould Alyssa try to sell the most?d. Based on your answer in part (a), is there a type of cakeAlyssa should stop selling?Q. 5. For auto makers, an important decision is to determine what features a new car model should be provided based on cost-benefit analysis. In what ways can economists help auto manu- facturers estimate the marginal rate of substitution between features such as vehicle interior size and acceleration? (a) Examining production cost data (b) Conducting consumer surveys about willingness to pay for auto features (c) Solving the standard consumer model (d) Statistically analyzing historical data on purchases of different types of autos (e) B and D only Q. 10. When firms determine whether to invest in research and development (R&D), they need to consider many factors. Which of the following is NOT one of the important factors that should be considered? (a) The market size of the product today. (b) The market potential for the product in the next few years. (c) The R&D investment of the competitors on similar products. (d) Potential new products that may be substitutes of the…
- This is a question from Sustainable Energy by Richard Dunlap (2nd edition): If world energy use increases linearly, use Figure 2.13 to estimate the annual percentage increase for OECD and non-OECD countries from 1990 to 2035 relative to the use in 1990. Here is some information about this figure: 1990 OECD 217 QBtu total 355 QBtu non-OECD 138 QBtu 2035 OECD 293 QBtu total 774 QBtu no-OECD 481 QBtu I also attached the figure: Do I find the overall percent increase and divide it by (2035 - 1990 ) or 45?Problem 1. During your first month as an employee at Greenfield Industries (a large drill-bitmanufacturer), you are asked to evaluate alternatives for producing a newly designed drill bit on aturning machine. Your boss’ memorandum to you has practically no information about what thealternatives are and what criteria should be used. The same task was posed to a previous employeewho could not finish the analysis, but she has given you the following information: An old turningmachine valued at $350,000 exists (in the warehouse) that can be modified for the new drill bit.The in-house technicians have given an estimate of $40,000 to modify this machine, and they assureyou that they will have the machine ready before the projected start date (although they havenever done any modifications of this type). It is hoped that the old turning machine will be able tomeet production requirements at full capacity. An outside company, McDonald Inc., made themachine seven years ago and can easily do the…We are all aware that there are many natural resources, fossil fuels like coal, crude petroleum, mineral resources etc, which are essential inputs in modern manufacturing / production processes, and are available in limited stock (i.e., are exhaustible). In this discussion please discuss the role of technology in efficient utilization of these exhaustible resources which you might have come across in your own work experience. You could also discuss instances of firms taking steps to adopt renewable natural resources to cut down their reliance on exhaustible resources. 350 words and use refernces