Description of the event of fresh milk in some company: The Market Forces of Supply and Demand - Identify determinants of demand (complement, substitute, income,…)  - Identify determinants of supply (technology, input, cost…

Q: On a [0.1] linear segment, two firms A and B selling the same good are located symmetrically at loca...

A: Consumer Utility = 10 - 4d - p  Firm A is (L) = 0.2   (Given ) Firm B is at  (1-L)    = 0.8  Let us ...

Q: A machine part to be machined may be made either from an alloy of aluminum or steel. There is an ord...

A: * SOLUTION :-   

Q: GDP Table Transfer payments 32 Government purchases 160 Personal taxes 76 Corporate Income taxes Tax...

A: In income approach: Total national income = It is the sum of rent, profit and salary.

Q: In the case of a Giffen good, the demand curve will be

A: To find : What will be demand curve. 

Q: a. Shift the appropriate curve or curves to show the initial short-run adjustment. Then place the po...

A: IS curve can be shifted either towards the right or to the left when there are fiscal policies taken...

Q: 3. Which of the following must be included in an organization’s statement of accounting profits for ...

A: At the marketplace, an organization maintains variously financial statements to evaluate its perform...

Q: .In economics, what a consumer is ready to pay minus what he actually pays, is termed as

A: To find : What is ready to pay minus actual pays. 

Q: 24. An isoquant slopes A. O Downward to the left B. O Downward to the right C. O Upward to the right...

A: "Correct option is B."

Q: 1. If "Apparent Consumption" is adjusted with captive consumption and effect of abnormal factors, on...

A: Answer - 

Q: A perfectly competitive, profit maximizing firm earns zero economic profit in the long run. The firm...

A:

Q: ing Q is given by the following: 2P = 20 - Q any people would cross the bridge if there were no toll...

A: Demand for bridge crossing Q is, 2P = 20-Q

Q: Define the three principles of sound tax system (Fiscal Adequacy, Equality or Theoretical Justice, A...

A: The tax system is defined as a principle-based system of legally regulated public relations that ari...

Q: If the price elasticity of demand is 6, then a 3 percent decrease in price results in a type your an...

A: The markets are the place where the buyers and the sellers of the goods and services tend to interac...

Q: . In the long run, profit maximizing monopolies make A. zero economic profit. B. positive economic p...

A: The answer is - D. positive or zero economic profit.  

Q: 2. Which of the following is not characteristic of a cartel situation? (a) While disagreement over p...

A: When cartels are formed then there are few sellers and a large number of buyers, in general cartels ...

Q: 6. Draw a graph of the Dynamic Aggregate Demand Curve and explain it clearly. 8. Draw a graph and ex...

A:  Answer (6) AD or aggregate demand is referred to as the amount of total expenditure on domestic goo...

Q: Northern Bank: Balance Sheet Assets Liabilities $420 $7,580 $8.000 Deposits Capital $7,000 $1,000 Re...

A: The given table shows the balance sheet of the Northern Bank and banks decides to maintain the reser...

Q: Define confidentiality

A: Confidentiality can be a helpful aspect in financial matters or personal matters. 

Q: i = 8% 0 – 1-2- 3- 4-5-6 $5500 $7100 F $9500

A: Given information: Interest rate = 8% Required to find =  F

Q: Question 19

A: a) In order to determine the equilibrium quantity, we need to determine the market demand and market...

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

A: The term GDP means the aggregate total output produced by a country in the current year. This produc...

Q: The demand curve in a market is given by P = 50-Q. All of the firms in this industry produce at a co...

A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a comp...

Q: e equilibrium exchange rate is 0.70 euros per dollar. At this exchange rate, the quantity demanded e...

A: According to the question, The equilibrium rate is 0.70 euros to the dollar. The quantity required e...

Q: The manager of the bank where you work tells you that the bank has $100 million in deposits and $22 ...

A: When a company produces a profit at the end of the year, a portion of it is put back into the tradin...

Q: Which of the following is correct? The relationship between the MPS and the MPC is such that: Select...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: If the quantity demanded of bananas decreases by 5% when the price increases by 10%, demand is Group...

A: Answer: Introduction: When the percentage change in quantity demanded is greater than the percentage...

Q: 1. Given the demand and the supply functions below: Supply function: P= 0.2Q - 40 Demand function: P...

A:

Q: Goods imports 635 Goods exports 419 Services imports 144 Services exports...

A:

Q: The tables below show a nation's labor demand and labor supply schedules and its production function...

A: Equilibrium is a stable situation in an economy where the forces of demand and supply interact. The ...

Q: Which is one of the most notable trends of foreign direct investment over the last 20 years: -The d...

A: The quantity of foreign direct investment (FDI) in the United States has more than doubled in the la...

Q: The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption...

A: We have: DI represents disposable income C represents consumption. ------------------- According to ...

Q: how does the production theory and concepts affect revenue

A: Production is the process of transformation of inputs into output with use of services of  factors o...

Q: The PH debt as of today amounts to 12 trillion. This balloons with an interest rate of 0.16% yearly....

A: Total amount of debt is 12 trillion. So 12 trillion in dollars will be 12,000,000,000,000. Here inte...

Q: his question requires a (very modest) amount of reading ahead in the early section h of the followin...

A: The Multiplier can be defined as the change in income due to the change in the investment in the eco...

Q: Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university in H...

A: Given; The constant average salary earned by the graduates of her programme= $14000 If she joins a c...

Q: Which of the following statements are correct? (This is an "all-or-nothing" question: if you do not ...

A: GDP is defined as the total value of all final products and services produced in a certain period of...

Q: Read the statements VERY carefully! Which of the following statements is true? According to Okun's l...

A: When product is put into the production process, cost  such as fixed and variable cost would be requ...

Q: The single entity of interest is a single Sample O Unit Variable Statistic

A: When talking about entity of interest, it implies the parties or stakeholders related to a specfiic ...

Q: Question 3 A decision maker has a utility function U = VĪ. This decision maker is: O risk-loving. O ...

A: U = √I is a concave utility function. We know that for concave utility function the individual is ri...

Q: What is the impact of recession in our economy?

A: The economies around the globe have a limit to the amount of resources available with them. The want...

Q: Suppose you observe the time series of output y and real money supply M/ P reported in the Figure be...

A: Given information

Q: A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the p...

A: Original CPI=185.4Current CPI=210.7Now,Par value=Current CPIOriginal CPI×1000Par value=210.7185.4×10...

Q: Many economists believe that some wages and prices are "sticky downward" , meaning that these wages ...

A: Answer -

Q: Suppose a manufacturer of exercise equipment sets a suggested price to the consumer of $395 for a pa...

A: Here, the given information explains the nature of the manufacturer to set the price of exercise equ...

Q: Apply your knowledge in identifying the factors that will contribute to the economic progress of a c...

A: When a product gets underway for the production process, cost  takes place for producing that produc...

Q: Which of the following characteristics does NOT describe a perfectly competitive market? Group of an...

A: The market is a location where the transaction of services and commodities takes place. It is import...

Q: Firm A and firm B sell identical Soma to a market that has inverse demand p= 120 – Q where Q is tota...

A: Cournot equilibrium price and quantity quantity produced by firm A=q1 quantity produced by firm B=q2...

Q: The demand for bicycles is given by the equation: Q = 1000 – 5P There are currently 100 identical fi...

A: Given information Market Demand function Q=1000-5P Firms Cost function C=25/2*q2+20q+50 There are 10...

Q: A firms labor demand and labor supply equations are shown below. Labor demand equation: Ld = 40- 2(w...

A: Labor: - labor is one of the factors of production, any physical and mental work by humans against a...

Q: Using a method similar to that used to calculate the consumer price index, the percentage change in ...

A: Consumer price index "it measures the average change in price over time in a fixed market basket of ...