Jack's car repair factory has the Total Cost function TC(Q)=3.30³-540-8 where Q stands for the number of hours of repairs. If the market price for car repair is $100 per hour, what are the optimal hours of repairs that decimal places)?

Q: Total reserves $55 billion Transactions deposits: $600 billion Cash held by public: $400…

A: 1. M1 = cash or coins held by public + demand or checkable deposits + traveller checks = 400 + 600 +…

Q: 1. A change in quantity supplied by 5 units, price changes by? 2. The equilibrium price and…

A: On the LHS there is a diagram of the demand curve:  Equation of the demand curve in generally is:  P…

Q: A monopoly firm creates a deadweight loss because the monopoly. Firma monopoli mengakibatkan…

A: As there are two different questions, answer is provided to the first question. "Monopoly consists…

Q: Suppose the demand function for good x is given as: Qd=-1.1Px +0.7P, -0.5P₂ + 0.025M - 0.05T where…

A: Please find the answer below.   DEMAND FUNCTION: The demand function shows the functional…

Q: The Taylor Rule is given by r = it + pt + 0.5(it - i*t) + 0.5(u*t - ut) The Federal Reserve is…

A: Taylor rule is used by the Government to set the interest rate so that inflation is controlled and…

Q: b. How much can Tara withdraw at the end of each month for four years?

A: Deposit each month = 490 $ Time = 7 years Interest rate = 4.5 % compounded monthly Monthly rate =…

Q: Calculate the price elasticities of demand for group A and group B. Explain how the discount will…

A: The term elasticity means responsiveness. The concept of elasticity was introduced to economics by…

Q: When economy has recovered from deep recession from zero-lower-bound, there is no risk of using…

A: Zero-bound is an expansionary monetary policy instrument where a national bank brings transient…

Q: 5. Product Choices You are trying to figure out what combination of Products A and B to buy, given…

A: The marginal utility refers to the change in the total utility when one additional unit of good is…

Q: Question 2 Q 0 2 3 8 3 TC 5 M VC ZN What is the correct value for M? FC G AC 6 AVC H 5 AFC MC 3

A: At the marketplace, when a firm producing output, there are different types of cost associated with…

Q: still make all interest payments? r

A: *Answer:  The debt-to-GDP ratio is the percentage of a country's debt to its GDP. It is used to…

Q: 2. Assume that college graduates earn 50% more than high school graduates. It is typically thought…

A: An upward bias causes us to overestimate the value of an effect. A downward bias causes us to…

Q: Exercise 1: There are two firms in the economy of Venus Firm A produces wheat and Firm B produces…

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

Q: Price Level OOOO Aggregate Demand price level; GDP; decreases price level; consumption; decreases…

A: Aggregate demand shows relationship between price and GDP

Q: Valdemar is a small, open economy. If the world real interest rate increases, in the long run, which…

A: In the international market, Anu change in the interest rate of a country will affect the demand for…

Q: In Malaysia, proposals to build hydroelectric dams to generate electricity have caused two…

A: 1. Here, it is given that two groups have opposite argument for the proposal to build hydroelectric…

Q: Explain why the Reserve Demand is perfectly elastic at Interest on Reserve Balance (IORB).

A: The demand for reserves in the market is typically a regular downward sloping demand curve due to…

Q: me employment rate has fallen, creating an unemployment rate of 10%. the inflation rate has fallen…

A: The negative output gap implies the fall in the output below the potential level of output.

Q: 1. Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can…

A: Monopoly refers to a market structure which has only one firm. The firm produces unique good. There…

Q: 1. A firm sells 150 units of output at a price of $8 each. The economic cost of producing the 150…

A: Economic Profit  An economic profit or loss is the difference between the sales profits from a…

Q: Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run…

A: The perfect competition is a market that deals with a large number of buyers and sellers selling the…

Q: Question 14 Q 0 123 2 TC 4 M VC N 2 FC What is the correct value for H? 05 G AC 9 AVC H 5 AFC MC 3

A: When talking about cost functions, it can be said that different types of costs are related to each…

Q: 1. Suppose your current job pays you $300,000 a year. However, you are considering starting your own…

A: Current job salary=$300,000 Total revenue=$75,00,000 Cost of material=$27,50,000 Employees…

Q: Initial deposit is $10,000 Required Reserve Ratio is 20%   Calculate: $ Multiplier…

A: Initial deposit = $10,000 Required Reserve Ratio = 20% or 0.20   Lowered Required Reserve Ratio =…

Q: what are the effects and consequences of deflation?

A:

Q: The perfectly competitive output level is Pareto-optimal because at this output level Paras output…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: xplain FIVE (5) importance of studying the development economic disciplines.

A: The development economics is concerned with enhancing the fiscal, economic, and social situations of…

Q: Calculate Price Elasticity of Demand for pens when the price rises from $4 to $6 a pen and quantity…

A: Price Elasticity of Demand is showing the sensitivity of changing quantity demanded to the changing…

Q: Below is a data of the per-unit costs incurred by a competitor in selling face mask per pack (5…

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

Q: Initial deposit is $10,000 Required Reserve Ratio is 20%   Calculate: $ Multiplier…

A: Given initial deposit = 10000 $ Required reserve ratio = 20 %   Therefore Multiplier = 1 / Reserve…

Q: lease answer questions a, b and c. Thank you. A market has a demand function given by the equation…

A: Given that,  Market demand function is Qd =180-2P Market Supply function is Qs = -15+P Price support…

Q: A design-construct-operate (DSO) company signed a contract to operate certain industrial wastewater…

A: Present worth which has been discounted at a market interest rate, is the current value of money…

Q: Explain and calculate Price Elasticity in an example you come up

A: The price elasticity of demand measures the change in demand of a good or service in response to a…

Q: Which of the following is INCORRECT regarding monopolistically competitive firms in the long run? A)…

A: Economic profit in total revenue minus economic cost. Economic cost includes both explicit cost and…

Q: Suppose that a consumer has the indifference map shown above. The relevant budget line is  LZ. The…

A: The budget line depicts the combination of two goods, that a consumer can buy with a given level of…

Q: When a pure pubic good is consumed Penggunaan sesuatu barang awam tulen a. this excludes other…

A: Public goods and the problem of free riders are related. Under the free rider problem, some people…

Q: 4. Profit maximization and loss minimization BYOB is a monopolist in beer production and…

A: Firms enter the business to procure a profit. Nonetheless, how much profit procured by the firm…

Q: A futures market trades contracts on the growth rate for nominal GDP. The contract pays $X to the…

A: Given information: A future market trades contracts on the growth rate for nominal GDP. The contract…

Q: Questions 3 solve asap

A: Sovereignty Sovereignty is the supreme supervisor, or agency, in the country's decision-making…

Q: Q4) Answer the following, providing a graphical illustration along with your answer where necessary:…

A: A perfectly competitive market is the one in which there are many sellers and buyers . Also there is…

Q: A. What is AP of four drivers? B. What is the MP of the 6th driver? C. What is the AVC of providing…

A: Labor Outpurt 0 0 1 8 2 18 3 32 4 52 5 68 6 76 7 80 8 82

Q: d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively. PA = RM_ _; PB =…

A:

Q: The Model model is often used as the standard for comparing efficiency outcomes when discussing…

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

Q: 1. A firm sells 150 units of output at a price of $8 each. The economic cost of producing the 150…

A: Here, given information is, Output sold: 150 units Selling price: $8 each Economic cost of…

Q: A Sri Lankan MNC that is an importer has a $3,750,000 payable due in one year. Spot exchange rates…

A: Exchange rate risk refers to the risk that a company's operations and profitability may be affected…

Q: 5 Outline the main monetary policy tools that a central bank can use to control money supply. To…

A: Monetary policy refers to the policy which affects the availability and cost of credit in the…

Q: A company needs to acquire a machine to increase its production. To do so, you will need to make an…

A: If we draw the cash flow of given investment then the following cash flow is obtained        We…

Q: What is the equation for determining the price elasticity of a demand turve? Select the correct…

A: Price elasticity of demand is a measurement of the change in consumption of a product in relation to…

Q: An economist argues that countries that have spent the most in higher education in the past 10 years…

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

Q: tion If a 5% increase in price leads to an 8% decrease in quantity demanded, demand is Select one: O…

A: Elasticity of demand measures the responsiveness of quantity demanded to changes