Q: Assume there are 200 million television sets in the US and one quarter are replaced annually. Also 5...
A: According to the question, There are 200 million television sets in the US One quarter are replaced...
Q: 1. Suppose two nations, Beta and Gamma, each make aircraft and corn. The main resource in each natio...
A: Given: Goods: Aircraft Corn Note: Due to multiple subparts being posted, the first three subparts ha...
Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...
A: Answer -
Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...
A: The monetary approach with respect to the exchange rate needs, in the flexible should focus on the d...
Q: Consider the following measures and draw a suitable supply-demand diagram for each. In addition to t...
A: Demand and supply In perfect market competition the optimum quantity is produced where the demand cu...
Q: Question 20, Warm-Up 1-1 (static) Part 1 of 3 Ann and Jack have been partners for several years. The...
A: The above question is based on the forms of business enterprise in which the above situation seems t...
Q: Spending (bilions of dollars) 800 45-degree line 700 AE 600 500 400 300 200 100 100 200 300 400 500 ...
A: Answer -
Q: 3. Suppose that the nominal exchange rate of the dollar in terms of yen is ¥175/$. The price level i...
A: To solve above question let us consider two period (1& 2 ). In period 1 : Nominal Exchange rate ...
Q: 1. Given the demand and the supply functions below: Supply function: P= 0.2Q - 40 Demand function: P...
A:
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 39 Consider the table below. The addition of worker number is when the firm first experienc...
A: Answer 39) The figure attached below computes the total product at labor 3 by adding total product a...
Q: If there are implicit costs of production
A: To find : What is implicit cost of production.
Q: Community colleges account for __________ percent of all college students in the United States.a. 51...
A: The answer is - d. 43%
Q: Moving from static efficiency state with an unlimited resource supply to a dynamic efficiency state ...
A: Static Efficiency State is defined as a state where the efficiency depends on the most efficient com...
Q: Look at the following data: Employed persons = 110 million; civilian labor force = 135 million perso...
A:
Q: Suppose that the production function for DVDS is given by Q = KL2 - L3, where Qis the number of disk...
A: As per the question, Q=KL2-L3. When K=600, this production function can be written as Q=600L2-L3. Wh...
Q: QUESTION 13 The view traces its roots to Marxist political and economic theory. A radical OB.free ma...
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question s...
Q: Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral transfers -99...
A: Given: Exports of goods and services 1,872 Imports of goods and services 2,375 Net unilateral...
Q: Investigate the issues regarding public/private/cooperative financing of sports organizations.
A: In the sports organization, finances can be i) having a less comprehensive policy, legal and less of...
Q: Your company grant you a P 100,000 loan for personal purposes. The annual payment is P 8,880 and the...
A: Given:- Present value of loan=P 100,000 Interest rate=8% or 0.08 Afford to pay(Annual payment actual...
Q: Explain what would be likely to happen if the government placed a price floor on milk. Suppose that ...
A: Price floor is a government imposed minimum price for a commodity.
Q: Which of the following should NOT be considered as part of fixed investment? 1. Toyota buys a new ...
A: According to the economist investment is such a concept which focuses on the goods production in ord...
Q: rice Quantity demanded Quantity supplied $300 60 30 $400 55 40 $500 50 50 $600 45 60 ...
A: Initial Equilibrium : When quantity demanded=quantity supplied. We can observe this when price=$500....
Q: If the price elasticity for bananas at the farmers' market is 1.5, is demand elastic, inelastic, or ...
A: Let's first understand what's actually the concept of elasticity of demand. The elasticity of deman...
Q: Opportunity cost is all about making choices and how you adequately and effectively manage it. What ...
A: Answer -
Q: Suppose that the equilibrium real overnight interest rate is 1 percent and the target rate of inflat...
A: The inflation rate is the percentage change in the consumer price index of the current year to the c...
Q: The consumer gets positive benefits from consuming bread (B) and cake (K). Consumer utility is as fo...
A: MRS = MUBMUK = 20*2 B K20 B2=2KB Price ratio: pBpK = 200400 = 12 Budget Constraint: pB*B + pK *K = ...
Q: Pollution is an example of a externality. A) negative consumption B) Coasian C) positive consumption...
A: Externality is the cost or benefit incurred due to the consumption or production by one party whose ...
Q: 8. If the adult population of a city is 1,000,000 people, and the labor force size is 600,000 people...
A: Given; Adult population= 1,000,000 people Labor force size= 600,000 people Formula to calculate:- La...
Q: 3. Assume that you are an economic consultant. The firm that hired you has provided the information ...
A: Here, the information related to price, quantity and cost of a firm is given by the economic consul...
Q: What are the consequences of reduced publicfunding?
A: Public funds are collected through the public by means of taxes, interests, fees, etc. These funds a...
Q: 25.)A binding price ceiling is imposed in the market. the equilibrium price and creates a a.) Above,...
A: The ceiling which depicts the maximum amount at which products or services could be sold in the mark...
Q: Identify the parts of the business cycle 1-7 Real GDP # 5 #6 #1 Real GDP # 2 #7 # 4 Time
A: In economics, the business cycle is the diagram that helps in understanding the periods of depressio...
Q: The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is ...
A: Quantity of Labor (L) Quantity of Output Wage Rate (WR) Total Cost (L*WR) Marginal Cost (TCn -TCn-1)...
Q: If the marginal cost MC = 5+4Q , and the fixed cost is %3| 4, what is the total cost function?
A:
Q: Given that autonomous spending is 100 billion, disposible income is 20 billion, and marginal propens...
A: C = a + bY Where C= Consumption expenditure in aggregate a= Autonomous consumption ...
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: The PH debt as of today amounts 12 trillions. This balloons with an interest rate of 0.16% yearly. S...
A: Let us firstly calculate debt on every working individual . 12 trillion = 12 million millions ( 1 ...
Q: inch thick insulation 50,000 20,000 inch thick insulation 65,000 25,000 inch thicl- insulation 07.00...
A: Return on investment is a basic proportion that separates the net benefit from a speculation by its ...
Q: If the United States introduces universal child care, what will likely happen to GDP? Explain fully ...
A: Universal child care is the provision of child care facilities like health care, education, nutritio...
Q: For each situation, identify if it is included in GDP, then identify the category C, I, G, or X-M $2...
A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question spec...
Q: Consider the following economy. Government Debt, end of 2026: 400 Nominal interest rate on governmen...
A: Public debt, once in a while likewise alluded to as government debt, addresses the absolute outstand...
Q: The first cost of a certain piece of equipment is $50000. It will have an annual operating cost of $...
A: Given:- Equipment Initial cost=$50,000 Annual operating cost=$20,000 Salvage value=$5000 Equipment l...
Q: Suppose that you have analyzed the market and found that there has been a movement along the aggrega...
A: Aggregate demand is the sum of consumption, investment, government purchases, and net export. The a...
Q: In which of the following situations could the competitive market not be Pareto efficient? Select Tr...
A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts.For...
Q: 7.2 (LG 7.2) Maryhill Mines has a pelletizer that it is considering for replacement. Every three yea...
A: Introduction:- The pelletizer gadget, which changes over the item into pellets of different shapes a...
Q: 6. We have the production function, Q= fl K,L). Factor prices are r and w respectively and the produ...
A: Here, we have Production function, Q=f(K,L) Rental rate of a unit of capital is given by r which is ...
Q: Frank agrees to lend his friend Sammy $1000 for one year so that Sammy can buy a new computer. Suppo...
A:
Q: Spain's current real GDP (YO) is €326 billion, and grows at a constant rate of 1.1%. Portugal's curr...
A: Given, Current real GDP of Spain= 326 billion GDP growth rate of Spain= 1.1% Cu...
Q: The next two questions are about the labor market for upholsterers, who are people who do custom uph...
A: Labour demand is defined as the amount of labour that employers seek to hire during a given time per...
Doo
Step by step
Solved in 2 steps
- 15. Consurmer sumlus is: 2. The quantity of a good consumers get but did not have to pay for b. the amount a consumer has to pay less the amount the consume: was willing to pay O e amount the coORJIMa waswillingay leid ho'amouns thconsumer paid d. the total value of a good to a consumThe table shows the Gabrielle's total staty from manicures What is Cat's total unity when she boys 4 manicures? What is the marginal unity she receives from her fourth manicure? When Gabriele buys 4 manicures, the totalutty that she receives units Gabrieles marginal uity from the fourth manicure is units Marginality OA increases a more of a good is consumed OB has no relationship oluy Oc the chance in total usey that results from Manicures (per 0 1 2 4 5 Total uality 8 50 90 122 150 176Raj consumes only cheese and crackers.a. Could cheese and crackers both be inferior goodsfor Raj? Explain.b. Suppose that cheese is a normal good for Rajwhile crackers are an inferior good. If the price ofcheese falls, what happens to Raj’s consumptionof crackers? What happens to his consumption ofcheese? Explain
- Figure 2-16 caps of coffee per day Avans with at sery Refer to Figure 2-16. Taking cause and effect into account, which of the following interpretations would be most reasonable regarding the relationship between coffee and hours without sleep? O The less coffee a person drinks per day, the more time he can go without sleep. There is no relationship between how much coffee per day a person drinks and how long he can go without sleep. The more coffee a person drinks per day, the more time he can go without sleep. O The more coffee a person drinks per day, the less time he can go without sleep.The following table shows Madison's utility from consuming popcom and Coke Suppose that Madison han income of $21.00, the price of popcom is 6.00 and the price of Coke in $4 50 FMadson wants to maiire her y how much popcom and Coke should she buy? ITT Popcorn Marginal Unity 192 144 Coke Marginal Uity 144 100 72 36 18 Quantity 48 24 12 Madison should buy boxes of popcom and cans of Coke Enter your reponses as negers). It is a hot day, and Bert is thirsty. Here is the value heplaces on each bottle of water:Value of first bottle $7Value of second bottle $5Value of third bottle $3Value of fourth bottle $1a. From this information, derive Bert’s demandschedule. Graph his demand curve for bottledwater.b. If the price of a bottle of water is $4, how manybottles does Bert buy? How much consumersurplus does Bert get from his purchases? ShowBert’s consumer surplus in your graph.c. If the price falls to $2, how does quantitydemanded change? How does Bert’s consumersurplus change? Show these changes in yourgraph.
- AaBbCcI AaBbCcI AaBbC = 三 T Normal T No Spac... Heading 1 Paragraph Finding the market price Consider the marketdemandand supply schedulesfor chocdlate bars Possible price of chocolate bars(pence) 50 Quantity dem andedper Quantity supplied m onth 100 000 150 000 per m onth 420 000 40 300 000 30 200 000 260 000 330000 200 000 120 000 60 000 20 10 400 000 40 000 On graphpaper plot the dem and and supply curvesfor chocolate bars on one graphwit "price per chocolate bar on the vertical axis and quantity per m orth' alongthe bottom 1. Using the above table state at which price dem andequals gupnl.. This will be the m arketpricefor chocolate barsbecause at that price producers are willi make and selljust asm anybars asconsuners are willing to byy,An increase in the price of Wood will shift thesupply of furniture to the left or inwards.Select one:Oa. FalseO b. True1. Hatfield and McCoy hate each other. The only good they both consume WH W2 40 Mand McCoy's is whiskey. Hatfield's utility function is UH utility function is UM = WM-W, where WHI is Hatfield's consumption 40' Η of whisky and WM is McCoy's consumption of whiskey. The sheriff has confiscated a total of 60 litres of whiskey which he could give back to them or throw in the creek. Say that the Sheriff wants them both to be as well off as possible and weighs their "happiness" equally. How much whiskey should the sheriff give to each of them? Should he throw any whiskey in the creek; if so how much? =
- B. Identify which of the following is a Change in Demand and Change in Qty Demanded. _1. The price of gasoline goes down and more motor oil is bought. _2. Price of fish falls, consumers are buying more fish. _3. Price of cellphones falls and more cellphones are bought. _4. Population changes its habit of drinking and they prefer cold drinks than hot drinks. 5. Face shields are required to avoid COVID-19 and more face shields are purchased _6. Consumers are buying goods online and few goes to the malls _7. People stay safe at home and consumes more electricityO FIGURE ⒸOURE 31 FIGURE 2 FIGURE 3 FIGURE 4 02 DI FIGURE 2 02 DI N FORES 51 Pe 32 01 FIGURE 4 32 31 01 Use FIGURE 1 to FIGURE 4 above Assume that the relevant market is for sour cream. If sour cream and baking potatoes are complements, an increase in the price of baking potatoes would tend to match which Figure for the sour cream.market above? Gany1. Say that there are two goods in the world, books and video games. Say that we observed two of Jim's choices: he chooses bundle A from the budget set bounded by budget line 1, and the bundle B from the budget set bounded by budget line 2. video games B A budget line 2 budget line 1 books a) For each of the two goods, based on the diagram: is the good normal, inferior, or we can't say for sure? Is the good ordinary, Giffen, or we can't say for sure? Explain. b) For which of the two budget lines is the opportunity cost of a book higher and why? What does that statement mean in the context of this model?