Given that the consumer price index was 82.4 in 1980 and 215.3 in 2008, find the price in 2008 dollars of a used car that cost $1500 in 1980

Q: omputers is -.90, and the elasticity of supp or computers for both purposes is 1. per-unit tax of…

A: Deadweight loss alludes to a financial shortcoming made by a lopsidedness in organic market.…

Q: 5. Consider the following graph: Price 25 20 15 125 200 MC₂ MC, MB Quantity (a) The percentage of…

A: A component of the economic system intended to lessen pollution and its damaging effects on the…

Q: 1a. Describe a personal experience of when you purchased a product or service whereby you feel you…

A: We can consider an example:  Suppose that we are trying to get a flat on rent at a particular…

Q: Explain why some of the institutions are on anti-globalization move? What issues are being raised?

A: Anti-globalization: It refers to the hostile to globalization activists who look to supplant or…

Q: Suppose that a firm has a production function given by f(21, 22, 23) Arizz If a 2.10, b= 1.10, and…

A: Marginal product is calculated by differentiating total product with respect to change in variable…

Q: The elasticity of demand for home computers is -2.5, the elasticity of demand for business computers…

A: The degree to which demand responds to a change in another economic variable, such as price, income…

Q: Suppose the demand for a product is given by P = 30-3Q. Also, the supply is given by P = 10 + Q. If…

A: Given  Demand equation for a product:  P=30-3Q            .... (1) Supply equation for the product:…

Q: For the following demand function: Q(P) = 2015 - 31P Calculate the price where the quantity…

A: The price of the good and the quantity desired of the good have a negative connection, in accordance…

Q: a demand given by Qs = 4000 - 100P. The marginal cost of one more alteration is constant and al to…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you.…

Q: Since the 1950s, there has been a steady increase in the U.S. labor force due to an increase in the…

A: An increase in the number of women in accounting industry will make the supply of labor to rise in…

Q: Question 1. Provide a brief description of Globalization and indicate three (3) ways that…

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

Q: Explain the economic development of the GDP?

A: Economic growth, when accounting for inflation, is the increase or improvement in the market value…

Q: The largest component of GDP is government purchases of goods and services. net exports of goods and…

A: GDP stands for gross domestic product which is calculated by summing up all the final values of…

Q: If the consumer's income increases: O a. the budget constraint shifts out and its slope does not…

A: Note: we as full-time experts are not allowed to provide handwritten solutions. You must have seen…

Q: The PPF curve shows a curved negative relationship between two goods this means that an increase in…

A: A production possibility frontier (PPF) shows the combination of two goods that a nation can produce…

Q: Question 7 State five criticisms of a monopoly.

A: A monopoly is such a market structure in which there is only one seller and many buyers.

Q: In a time of crisis where there is a pandemic, policymakers try to encourage economic activity by…

A: During pandemic situation , alomost every nation have been affected by the covid-19 and the…

Q: Consider the standard IS-LM model from    On a graph, show how output, the real interest rate, and…

A: The IS-LM model shows how aggregate markets for real goods and financial markets interact to balance…

Q: A firm is in a perfectly competitive industry where the market price for its product is $32 The…

A: Given:  Total Cost = 1225+25Q+0.01Q2 Price of Product =$32

Q: What is the laffer curve?

A: Introduction Laffer curve has given by an eminent supply side economist Arthur Laffer. He has argued…

Q: Question 47 Not yet answered If a single large employer bargains with an inclusive union, the…

A: Labor Market Model  The supply and demand for labor, wherein employees give the supply and employers…

Q: The following graphs depict the market for loanable funds and the relationship between the real…

A: The term capital stream alludes to the development of monetary capital (cash) between economies.…

Q: 3. Why is corruption is such a pervasive problem in many developing countries?

A:

Q: How and why does the deadweight loss change with the elasticity of the product? Illustrate your…

A: An deadweight misfortune is an expense for society made by market failure, which happens when…

Q: X The cameras in flagship smartphones like the Samsung Galaxy S20 Ultra and Google Pixel 5 are…

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

Q: tuey the VP for advertising at the Meg-low Mart is trying to sell Meg-Low Mart Body Spray for $1.99…

A: Following is the given information: Given the selling price of Spray = $1.99 per unit Variable cost…

Q: Quantity Fixed Costs Variable Costs Total Costs 0 100 0 100 1 100 75 175 2 100 160 260 3 100 ??? 340…

A: The measure that depicts expenses that are incurred for carrying out day to day transactions of a…

Q: Q6. Suppose you work as a tutor in your school, making $16 per hour. Yesterday, you decided to…

A: Opportunity cost is frequently referred to as the  next best alternative. The loss of gain that…

Q: 2. Graphically show the impact of inflation on the money markets under following cases. (a) The…

A: The cost of capital will increase if both inflation and interest rates rise. Cost of capital is the…

Q: Objective of importation

A: The term importation refers to bringing in products and services from a foreign nation in the form…

Q: Suppose that demand for cruise ship vacations is given by P =1200 − 5Q, where Q is the total number…

A: Given information: Demand function, P = 1200 - 5Q Marginal cost = $300 Number of sellers = 3

Q: In the foreign exchange market, what could be a possible consequence of an increased preference by…

A: The measure that depicts rate of one currency being measured in terms of another currency in order…

Q: When planned investment exceeds saving in a private closed economy, Multiple Choice: ● ● aggregate…

A: A private closed economy is a kind of economy that is driven by purchaser spending (otherwise called…

Q: •Using the observations on workers, we include educ (years of exper (years of labor market…

A: Estimated equation: wage = 0.284 + 0.092educ + 0.0041exper + 0.022tenure Where educ -> years of…

Q: What macro economics

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: 4. True/False: From Walras' law it can be concluded that in the market with two goods, if demand…

A: Introduction Walras' argued that all prices and quantities in all market determined simultaneously…

Q: How long will Mr. Gutierrez earn ₱750,000 if he wants to invest by depositing ₱13,315.42 at the end…

A: In the question, it is given that, The deposited amount at the end of every quarter is P13,315.42.…

Q: What is supplied

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: What actions and policies can be implemented by a policy advisor of national government in order to…

A: Meaning of Managerial Economics: The term managerial economics refers to the scenario of…

Q: Suppose Y is the annual income, X is the number of years of education, and D is a dummy variable…

A: Linear regression shows relationship between tell variable.

Q: Explain under the Income Tax Act 1967 instances whereby interest income is deemed to be derived from…

A: Income Tax: It is an expense you pay to the public authority in view of your pay (and benefit, on…

Q: On your graph from part (a), label the world market price of wheat as PWPW, and identify the…

A: On a graph, a demand curve depicts the relationship between the quantity demanded and the price in a…

Q: Based on the quantity theory of money, which of the following statements about the potential effects…

A: The total amount of money and other liquid assets in an economy on the measurement date is known as…

Q: What is anti-globalization? clarify its concept with example.

A: Anti-globalization A political position opposed to the formation of a single world market where…

Q: In this chapter we discussed the policy decisions that central banks can make to return an economy…

A: Economic equilibrium is a condition where market influences are adjusted, an idea acquired from…

Q: Which of the following production functions do not exhibit constant returns to scale? A. F(K, L)= AK…

A: Introduction Returns to scale refers to the how much output changes given a proportional change in…

Q: The present value of $X, to be received n periods in the future, is equal to On/(1+i)*. On/(1+X). O…

A: In economics, present value refers to the value of future money in the current scenario with…

Q: The elasticity of demand for home computers is -2.5, the elasticity of demand for business computers…

A: A deadweight loss is a cost to society incurred as a result of market inefficiency, which occurs…

Q: State a brief description of Globalization

A: Globalisation refers to the integration of world economies. Over the past half century ,…

Q: Suppose that LRTC = 60q - 8q2 + 1/3q3 a. Explain how you would estimate a cubic TC function using…

A: Long  Run total Cost function : = 60q - 8q2 + 1/3q3   A competitive industry in long run achieves…