For a certain good, when the good's price falls from $12 to $10, its quantity demanded rises from 10 to 12 units. The price elasticity of demand here is O 2.55. O 0.66. O 0.39. O 0.20. 1.00

Q: ) In 2021, Jay purchases a car for $22,000. The value of the car depreciates (exponentially decrease...

A: The above question is based on the calculation of Depreciation. Depreciation refers to the fall in t...

Q: Refer to Figure 8-6. If the tax is imposed on the buyer, what price would the sellers receive for th...

A: The equilibrium in a market occurs at the point of intersection of the demand and the supply curves....

Q: An electronics firm is planning to manutacture a new handheid gaming device tor the preteen market T...

A: The data given is:- The production time for 1000 units = 100 hours  O&M cost per unit = 0.1 * 25...

Q: A diet for a sick person must contain at least 4,000 units of vitamins, 50 units of minerals and 1,4...

A: Introduction:

Q: The simple linear regression model in the exhibit 2 data shows that, Both the intercept and the IDV ...

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

Q: Is it possible to solve this question for an industrial economics?  How can the cross elasticity of ...

A: The Cross elasticity of demand is the proportional change in the quantity of X good demanded resulti...

Q: Consider the game defined by the matrix: P= [-3 1, 4-3] 1. If row player uses strategy R1= [0.4 0.6]...

A: Given information Here player 1 is row player and player 2 is column player  

Q: Given the demand and supply functions, determine consumer's surplus under perfect competition: Ра 3 ...

A: Answer:

Q: ased on the data in the table and graph below, identify the equilibrium GDP:   Price Level Real GD...

A: The equilibrium level of GDP is attained at level where Real GDP is equal to Aggregate expenditure A...

Q: Given two demand curve drawn over the same price/output space, the steeper one will be a. elastic b....

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: The following graph shows the domestic supply of and demand for maize in Burundi. The world price (P...

A: A country becomes an importer when world price is less than domestic equilibrium price as at world p...

Q: What do you think is the most important aspect to consider when trying to understand the concept of ...

A: Globalization is defined as the process under which interactions takes place between individuals, fi...

Q: How do economic forces facilitate the deepening of globalization?

A: Globalization, is the course of communication and joining among individuals, organizations, and stat...

Q: Which of the following DOES NOT agree with the definition/description of Benefit-Cost ratio? A. Bene...

A: The benefit-Cost ratio is a method to analyse the economic worthiness of a project. It compares the ...

Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q:  ...

A: Given; Demand Function; P=10-0.05Q Supply Function; P=1+0.10Q 1) Supply and Demand curve:-

Q: With the provision of a public good: A) Everyone who uses the good benefits from it in proportion t...

A: As the name suggests, Public goods are those goods made available by the government for the benefit ...

Q: M/c question - Micro 21)For a firm, what does the production function represent? A. the r...

A: 21) option c is the correct answer option-c       quantity of inputs and quantity of output   Explan...

Q: The demand function for a particular commodity is y 15e -x/3 for 0sxs8 where y is the price per unit...

A: Answer:

Q: ear end ash Flow 1 2 3 4 -3,345 1,100 1,100 1,100 1,

A: Assume, CF = Annual cashflow  IRR = r n = 4 years

Q: A firm in a perfectly competitive industry is maximizing its profits at 400 units of output. If the ...

A: Perfectly competitive industry It refers to a industry in which there are large number of buyers and...

Q: be measured as an area} Surplus-public= 6. Assuming that individuals do not know each other marginal...

A: 5. Surplus-public=Society have a better services. 6. YES  

Q: Suppose that the population growth (gN) is 3% p.a., technological progress is 0,001% p.a. (gA) and t...

A:

Q: Market demand is Qd = 100 - p. Market supply is Qs = 4p. A competitive firm has MC = 2Q. How !3! !3!...

A: Equilibrium in the competitive market is reached where quantity demanded equals quantity supplied.

Q: 1st attempt The table below provides information on the growth in the money supply (M), velocity (V)...

A: Given: Country A: % change in M=6.50 % change in P=5.50

Q: Which of the following is NOT TRUE about bond valuation? * a. Bonds can sell either for a discount ...

A: A bond is a fixed-income security that represents an investor's debt to a borrower (typically corpor...

Q: Is Social Security expected to be around when you retire? Write a paragraph of at least 100 words ex...

A: Social security is defined as a federal program under which retirement benefits are provided to the ...

Q: 1. Use the model of the small open economy to predict what would happen to the trade balance, the re...

A: Small Open Economy refers to a model which participates in international trade, but is of small size...

Q: Do you agree on the statement “supporters of import restrictions favor producer welfare than consume...

A: Import restrictions mean various types of trade restrictions imposed on the import of goods and serv...

Q: Suppose that there are 2 types of plans available to you. Plan A has a deductible of $500, with 10 p...

A: According to the question,  Plan A offers a $500 deductible and a 10% co-insurance fee for many med...

Q: What are the effects of Globalization to health and medicine? How about in economy? In communication...

A: Globalisation means the flow  of resources from one nations to another in ease . It integrates the d...

Q: A new project is being planned for a study period of 8 years. It will require P250,000 for the start...

A: The yearly effective interest rate is a rate of interest calculated using a variety of observations ...

Q: Suppose that you are in an economy with reserve requirements are equal to 15%, and cash drain is equ...

A: According to the question given, IN an economy, reserve requirements are equal to 15% and cash drai...

Q: 3. Briefly explain how a hike in fuel prices would affect your business costs, sales,competitiveness...

A: Cost refers to the total expense that is incurred in the production of a product in any firm. Cost i...

Q: You have a debt to your favorite friend Php 200,000.00. Due in your loss of money, you provide to pa...

A: a) Number of Periods = 1 * 12 = 12 A = $5000 , G = G So, Present value = 200,000

Q: 4. Historically, money has become more and more important - the technological developments made spe...

A: During older days, there was barter system, in which goods were exchanged for goods. Then metals suc...

Q: 15) The competitive firm's long-run supply curve is that portion of the marginal cost curve that lie...

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be answerin...

Q: A country puts in a quota limitation on the importation of cherries into their country. Cherries imp...

A: Hi! thanks for the question but as per the guidelines we can answer only three sub-parts at one time...

Q: Use the graph and the inverse demand equation (P=50 - .5Q), inverse supply equation (P=0.333Q) and t...

A: here in this question we find that the inverse demand function=P=50 - .5Q where the slope of the dem...

Q: 1. For the following production functions, find the firm's (long run) conditional factor demand func...

A: A firm minimizes cost by employing the number of inputs at the point where marginal rate of technica...

Q: PLEASE SOLVE ONLY PART "F" & "G" Consider the market for station wagons. For each of the events lis...

A: Equilibrium quantity and price for goods and services are dependent on the shift in aggregate demand...

Q: Calculate the B/C ratio (modified) of a building that houses students during their classroom discuss...

A: The cost refers to the total expenditure of goods and services in the market. It means as the cost r...

Q: What is marginal revenue

A: Total Revenue is the revenue earned by the producers or sellers by producing or selling the goods or...

Q: What trend(s) characterizes the level of income inthe United States

A: In economics, income is defined as the reward given to the factors of production for their factor se...

Q: Which of the following could lead to increases in health care expenditures? (Please choose all that ...

A: In the healthcare market, the expenditure on healthcare services depends upon various demand factors...

Q: Based on the forecasts in the following table, what is the country's budget balance expected to be i...

A: Deficit increases the debt, and surplus decreases the debt.  If debt increases, then there is a defi...

Q: 1. Rosie has just written a book. Assume that her preferences are consistent with expected utility t...

A: Probability of book being best seller = 0.3  Probability of break even = 0.7  Utility function : U(I...

Q: 1 (a) Rewrite and explain the main equilibrium equations of the Ramsey model assuming the government...

A: A commodity or service that is freely available to all members of society is referred to as a public...

Q: What are the two main limitation of macroanalysis? Discuss briefly in few sentences:

A: The two limitations of macroanalysis are as under: (1) A person is completely unnoticed. The basic g...

Q: Inflation rates, like most statistics, are imperfect measures. Can you identify two ways that the in...

A: A currency's purchasing power depreciates with time, known as inflation. A currency's purchasing pow...

Q: Problem 1. Ramsey (a) Rewrite and explain the main equilibrium equations of the Ramsey model assu...

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