Explanation of possible effects of higher oil prices on different types of firms and consumers

Q: Question 3 3(a) Use your knowledge of the Classical model to write down an equation that explains th...

A: Dear learner you have posted a question with multiple subparts, we have solved only first two sub pa...

Q: Suppose there are 92 workers in the economy, with overall labour supply LS=92. The labour demand in ...

A: Disclaimer: Since you have posted a multi-part question, I will be providing you with the answers to...

Q: Question 4 a. Johnson's pig farm faces a demand curve given by Q = 40 - 2P and has a constant margin...

A: Given: Demand curve: 40-2P Average cost(AC)=$15.50

Q: Suppose that the labor cost of Conchita-crem is $20 USD per hour, and the cost of capital is $5 USD ...

A: Given  The production function for conchas q=10L1/2K1/2           .... (1) Cost of capital r=$5 per ...

Q: Q2- what is the effect of Russian Ukrainian crisis on Oil prices and Gold Prices,

A: Russia-Ukraine war has led to uncertain conditions in the global economy. Russia is one of the super...

Q: Consider a small economy with only 2 banks, DSB and TKB, in the banking industry. Both banks have to...

A:

Q: Polio is a disease caused by a contagious virus that can result in paralysis. A vaccine prevents the...

A: a) The vaccine here is considered as a positive externality. A positive externality is one that prov...

Q: how does the position of the marginal consumer between any two firms depend on the total number of f...

A:

Q: 8. A farmer bought a tractor costing 25,000 payable in 10 semi-annual payments, each installment pay...

A: Compound interest is the compound value that is used to calculate the present value and future value...

Q: Q1. Consider a Cobb-Duglas utility function: log U = log A +a log X1 +b log X2 Given the prices of c...

A: a. MU1=ax1MU2=bx2MRS=ax1bx2=p1p2⇒p1x1=abp2x2From Budget constraint,p1x1+p2x2=M⇒(1+ab)p2x2=M⇒x2(p1,p2...

Q: Country Gini coefficient Ratio of income Poverty rates at 90th % households percentile to below 50% ...

A: Statement 1:  Overall level of inequality is measured by the Gini coefficient.  Higher income inequa...

Q: Exercise 2 Consider a small open economy. Assume that GDP (Y) is 5000. Consumption (C) is given by t...

A: Dear learner you have posted a question with multiple subparts, we have solved only first three sub ...

Q: Refer to the figure at right. An increase in production from q, to q, A. is more costly in the short...

A: In the short run at least one input is fixed and in long run all inputs are variable.

Q: Assume the market for coffee mugs is perfectly competitive. Firms in the market are producing output...

A: A perfectly competitive firm is a price taker and maximizes profit by producing at P =MC 

Q: A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at t...

A: For each production level, a monopolist must shut down whenever price (average revenue) is less than...

Q: Which of the following is not one of the main indicators to measure wealth in a country? Group of a...

A:  Wealth A collection of valuable economic resources that can be measured in real or monetary terms i...

Q: Who benefits and suffers consequences from economic sanctions?

A: Economic sanction refers to the situation when a country is restricted to make international transac...

Q: Drive the input demand function for the production function q= Ka +ek. Moreover drive the profit fun...

A: Given Production function Q=K^a+e^k Here Q is output K=input 1 e= input 2      

Q: Problem 3.  3a. In the Newsvendor problem that we discussed in the lectures, if the cost of excess ...

A: Problem 3 3a) Its answer is true In the newsvendor problem if the holding cost increases then the cr...

Q: 2. Consider an individual with a current wealth of $100,000 who faces the prospect of a 25% chance o...

A: Given that, Y1=$100000Y2=$80000P1=0.75     (1-0.25)P2=0.25

Q: The figure below shows a market of good C. Suppose that the government levied a tax on C. Answer...

A: Price buyers pay after tax if the size of tax is 10 is 30 because tax of 10 will create a wedge betw...

Q: For the following questions, make use of provided information. Since the peak of the pandemic shutdo...

A: After the pandemic, unemployment has decreased from 15% in April 2020 to 4% in February 2022 and inf...

Q: Pacific Amalgamated (PA) issues a coupon bond that makes an interest payment (F) of €100 each year f...

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the exa...

Q: hree steps: ting from long run equilibrium, show the effect of these independent events: 1. Identify...

A: The goods market is in equilibrium such that the rise in aggregate demand or rise in aggregate suppl...

Q: cr+1 Consider the money supply Ms=mxB , m= cr+rr Assume that the demand for real money is given by t...

A: Since the question you have posted consists of multiple parts, we will answer the first two parts fo...

Q: In Figure 2 above, what are the factors that may cause the aggregate demand to  shift from AD to AD1...

A: Answer to the question is as follows:

Q: they mean? O a. Workers and firms have money illusion O b. Monetary policy will change potential out...

A: The monetary policy refers to the policy of money supply and cost of credit. 

Q: Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is gi...

A: The market demand for pizza:  Qd= 300-20P The market supply for pizza: Qs= -100+20P The market Equil...

Q: The deposit rate that the Bank of Canada pays to commercials banks is a to such banks because O a. L...

A: The deposit rate of Bank of Canada is the rate that the Central Bank pays to the commercial banks wh...

Q: The life-cycle model explains comparative advantage as follows: a. at the invention stage, ...

A: The life-cycle model After the Heckscher-Ohlin model failed to describe the observed pattern of inte...

Q: A television ad stated that X car brand is "considered to be the best" and says that "now is the bes...

A: Data source A data source is just the data's origin.It contains information like the stock exchange ...

Q: Suppose market demand for oil is Q(P) = 100 – 0. 75P where Q is billions of barrels (BBL)or oil per ...

A: Yearly Market Demand : Q = 100 - 0.75 P  => P = 133.33 - 1.33 Q  Marginal Cost = 7Q2 - 3Q + 6  To...

Q: When are you are you expecting companies to produce in the short run? A. costs equal equal revenue ...

A: A firm tends to earn positive profits when its  earned revenues can cover its total costs.

Q: Under a fixed exchange rate, if the central bank has to constantly sell foreign currencies, it shoul...

A: Int the fixed exchange rate system, when central bank buys or sells domestic or foreign currency, it...

Q: Suppose Cody has utility function U (x, y) = a/¤ + ß/ỹ over goods x and y, where a 2 and B = 2. a) I...

A: The utility function for Cody is, U(x,y)=2x+2y Given the prices and income we find the optimal bundl...

Q: Which of the following statements is (are) CORRECT? a. The higher the cash withdrawals by customers,...

A: The answer is - d. All of the answers are correct.

Q: Historically, which of the following are reasons that a large US public debt might not threaten to b...

A: An increase in US public debt might not threaten to bankrupt the Federal government on account of di...

Q: In 2018, Amazon raised the annual subscription fee for its Prime membership service, which provides ...

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

Q: Who is generally regarded as the founder of the 'Classical School'?

A: To find : Who is founder of classical school. 

Q: The World Bank estimates that half the world’s people survive on less than $2 per day. How do you th...

A: When a particular good is manufactured, cost  takes place and process of business gets initiated. Bu...

Q: uppose a workers' union managed to sign a new wage contract with the employer for a 5% ominal wage i...

A: Nominal wage refers to the actual money that is earned while Real wage is the sum of nominal wage an...

Q: Suppose that the labor cost of Conchita-crem is $20 USD per hour, and the cost of capital is $5 USD ...

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

Q: Suppose the economy is currently in short-run equilibrium at an output below potential level of outp...

A: A short run competitive equilibrium occurs when the pricing is such that the total quantity the firm...

Q: What is goods

A: In economics, there are two types are items sold in the market: goods and services. Both these items...

Q: Draw the PPC for the lowan farmer, the PPC for the Nebraskan farmer, and then draw the combined PPC ...

A: PPC stands for production possibility curve. PPC represents the locus of points of the combination o...

Q: When does the opportunity cost of holding money rise? O a. When income falls O b. When interest rate...

A: Opportunity cost is the value of the next best alternative/option which is forgone.

Q: According to research published by the US Census Bureau, Select the correct answer below: there is a...

A: US bureau is a federal organisation which produces data about the US people and economy

Q: Suppose a bond pays $10 after the first year as coupon payment, and $10 plus the face value of $200 ...

A: Given interest rate = 10 % Bond face value = 200 $ Coupon payment for 2 years = 10 $  

Q: Consider the money supply Ms=mxB , m=r+1 cr+rr Assume that the demand for real money is given by the...

A: Since the question you have posted consists of multiple parts, we will answer the first two parts fo...

Q: If country A has a Gini Index score of 0.55, and country B has a Gini Index score of 0.32, then Coun...

A: Inequality depends on how income is distributed among the population.