Question 12 Under which of the following two scenarios would demand be more elastic? Explain. (a) Demand for a new car. ( (b) Demand for a tank of gas for your current car. "

Q: 1.Explain the role of government in social responsibility in terms of how governments and businesses…

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

Q: If the multiplier is 4, and total employment is 40000, basic employment is 10000, what is non-basic…

A: Given information Total employment = 40,000 Basic employment = 10,000

Q: Opose the demand for a product is given by P = 30 - 2Q. Also, the supply is given by P = 5 +3Q. $5…

A: Consumer surplus is the gap between the maximum price consumer wants to pay and actual price…

Q: The main objective of a supply chain is to maximize the overall value created. Briefly describe the…

A: A supply chain is the network of all the individuals, organizations, resources, activities and…

Q: A steel company is trying to decide between two industrial type cranes. Crane A and Crane B are…

A: In the present worth method, we find the present values of all the cash flows.

Q: A person deposits a sum of $20,000 at the interest rate of 18% compounded annually for 10 years.…

A: Given information: Deposit amount = $20000 Interest rate = 18% Time period = 10 years

Q: 13. Using benefit-cost ratio analysis, 5 year useful life, and a 15% MARR, determine which of the…

A: cost-benefit ratio analysis is computed for the determination of the economic acceptability of the…

Q: Industry A consists of four firms, each of which has an equal share of the market. What is the…

A: Herfindahl - Hirschman index HHI = Sum of a square of market share. Suppose there are 'n' firms, and…

Q: The PPF curve shows a curved, egative relationship between two ods. This means that an increase in e…

A: PPF shows the different combinations of two goods that can be produced with available resources. All…

Q: Eng. Eco. Q1 Gamma Associates has the following details: Fixed cost = Rs. 20,00,000 Variable cost…

A: Given informations: The fixed cost of the Gamma associates = 2000000 Variable cost = 100 Selling…

Q: Please identify each of the following the statements as true/false/uncertain and support your claim…

A: Nominal interest rate  It is that rate in which is the real interest rate and inflation. Thus…

Q: year 2, and amounts decreasing by $20

A: The cash flow for the yearly profit from an annuity to rise to the profit from another speculation.…

Q: suppose a firm has the following demand and cost functions A. Calculate the profit function B. Find…

A: Profit is the difference between total revenue and total cost

Q: Given the information: Interest rate in US (Rh): Interest rate in UK (Rf): The current spot rate for…

A: Spot rate is the price of any currency or a product will be exchanged or traded on the spot or…

Q: A consumer is in equilibrium at point A in the accompanying figure. The price of good X is $5.  At…

A: Answer: (1). According to the above figure, the consumer consumes 10 units of good X at point A.…

Q: Some have argued that higher cigarette prices do not deter smoking. While there are many arguments…

A: In the market, demand refers to the amount of goods and services that are required by households,…

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: Suppose that the nation of Copperton produces nutmeg and cinnamon. Below are the possible…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: What is the fundamental difference between commodity money and fiat currency?     commodity money…

A: Answer: Commodity money: commodity money is made of metals so it possesses some intrinsic value.…

Q: Making a large number of goods that are the same O inflation mass production corporation deflation

A: A decrease in the average price level of all goods and services over time in a particular economy is…

Q: p=200-2q, re q is the number of rounds of golf that he plays per year. The manager of the Northlands…

A: Demand function (DF) DF shows the amount of a product that is being requested by a person at…

Q: Question: A firm has $2,040,000 in its common stock account and $20,400,000 in its paid-in capital…

A: Paid-in-capital can be defined as the face value of common stocks that have been issued by a company…

Q: If C = 12 + 4/5Y, I = 20, what is the values the marginal propensity to save? What is  equilibrium…

A: Here, the value of consumption and investment is given for a specific economy using which one can…

Q: If a consumer consumes two goods, A and B, and the price of A falls, then the substitution effect…

A: In the mentioned question we have been asked what will happen to goods purchase if the price of one…

Q: e comment! Since more capital allows more output to be produced, it is always better for a country…

A: we know As Capital, in the eyes of an economist, usually refers to liquid assets of it. To put it in…

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: What was the primary benefit of a single European currency? a elimination of confusion for…

A: A "single currency" is a term used to describe a unit of money that is used by more than one nation:…

Q: Should countries in financial distress be permitted to install temporary tariff and nontariff…

A: Non-levy hindrances to exchange are exchange boundaries that limit imports or products of labor and…

Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows…

A: circular flow of income is the economic model which represent the flow of income between household…

Q: Amanitaching engineered to compare two equcment and use the most economic one using analysis The…

A: Benefit Cost Ratio refers to the ratio of the present value of all the benefits and the present…

Q: An economist estimates that a market has a demand curve of the form P = 26 - (0.867) Q and a supply…

A: Given  Demand equation: P=26-0.867Q…

Q: Exhibit: Demand and Price Elasticity 2 Price 58 is price inelastic is price elastic has a slope of…

A: The given graph represents a downward sloping curve with the change in quantity demanded due to…

Q: Q1. Suppose MPC is 0.8. If government purchases increases by $10a and cuts taxes by $508, how much…

A: Government expenditure Multiplier : ∆Y = 11 - MPC ∆GIt means that if the government change its…

Q: Refer to the accompanying table below. The marginal benefit of the 5th unit of activity is: Units of…

A: A marginal benefit is a most extreme sum a customer will pay for an extra decent or administration.…

Q: treaming Company streams TV shows to subscribers in the US and Canada. Demand is Qus= 50- (1/3)Pus…

A: Introduction,

Q: Price 408 384 360 336 312 288 264 240 216 192 168 144 120 96 72 48 24 0 0 56 112 168 224 280 336 392…

A: Answer: A firm maximizes its profit where marginal revenue (MR) and marginal cost (MC) intersect…

Q: Question 13 Widening term spreads  on government bonds, along with the narrowing of risk spreads…

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

Q: is -2.5, the elasticity of demand for business computers is -.90, and the elasticity of supply for…

A: An elastic demand is one in which the adjustment of quantity demanded because of an adjustment of…

Q: A person wishes to have a future sum of $1,00,000 for his son’s education after 10 years from now.…

A: Given the future value = $100000 Number of years = 10 years Interest rate = 15%

Q: Explain how the change in terms of trade accompanying growth can leave a country worse off after…

A: The terms of commerce are defined as the ratio of export prices to import prices. It represents the…

Q: of each year. If the interest rate is 5 percent, determine the present value of the stream of:…

A: Accounting profit does not account for implicit cost while the economic profit account for the…

Q: 3. (2) Find the slope and y-intercept: -2x + 5y = 15 Answer:

A: The standard equation is written as Y = mX + b where m refers to slope and b represents y intercept.

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: 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: ssume two book producers, Bookworm and Bookia are allowed to sell books in a fair. They may either…

A: As per the law of demand price and quantity demanded are inverse to each other which is visible from…

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: The following graph shows the short-run aggregate supply (SRAS) curve and the long-run aggregate…

A: Here the supply curve is the curve depicting how much production of manufacturing goods is being…

Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…

A: Answer: Net export: net export refers to the difference between exports and imports. Net…

Q: Suppose MPC is 0.8. If government purchases increases by $10ce and cuts taxes by $50B, how much the…

A: Government spending multiplier = 1 / [1 - MPC] Tax multiplier = MPC / [1 - MPC]

Q: 4. Which one of the following statements on the causes of the energy efficiency gap is correct? a.…

A: At the marketplace, there are different situations face by market participants due to differences in…