Anastasia, Emma, and Greta are deciding what to do on a weekend getaway. They each suggest a first, second, and third choice and then vote on the options. Their first choice, second choice, and third choice preferences are as shown: Anastasia Emma Greta First Choice Beach Mountain biking Canoeing Second Choice Mountain biking Canoeing Beach Third Choice Canoeing Beach Mountain biking If the choice is between mountain biking and canoeing, how will the group vote? Select the correct answer below: two votes for mountain biking; one vote for canoeing two votes for canoeing; one vote for mountain biking three votes for mountain biking three votes for canoeing

Q: A.  Identify the following: __________1.       Existence of unemployed resources __________ 2.    ...

A: The area of distribution, consumption, production, and trade by the different agents is known as the...

Q: Which of the following statements is correct? The aggregate price level is a subject of concem in mi...

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social s...

Q: Price P4 Supply A P3 B P2 H P1 F Demand Q2 Q1 Quantity

A: Producer surplus is the aggregate sum that a producer surplus from producing and selling an amount o...

Q: how to calculate inflation rate of 10 consecutive years of a country with the gdp growth rate?

A: Inflation is the process through which the cost of goods and services rises over time, lowering the ...

Q: Describe how firms in Perfect Competition achieve both allocative and productive efficiency and thei...

A: There are two situations that arise in a perfectly competitive market, one is short-run equilibrium ...

Q: The number of hits per day on the Web site of a tool company is normally distributed with a mean of ...

A: Given in the question Mean= 600 Standard deviation = 120

Q: Given the graph below, what is the equilibrium quantity and price?

A: An equilibrium price is a price at which the demand curve and supply curve are equal. At this partic...

Q: Labor unions help negotiate with workers as a group rather than individuals. These negotiations betw...

A: Labor Unions help negotiate with workers as a group rather than individuals. 

Q: Determine the accumulated amounts after 5 years of P1,000.00 invested at the rate of 10% compounded ...

A: Since you have posted multiple questions, as per guidelines we can solve only the first question per...

Q: Depict the following scenario using a graph. Assume that MLB goes from having free agency in their l...

A: Introduction monopsony is the market when there is a single employer in the labor market. Because th...

Q: Consider a modified aggregate supply function which takes account for the emergence of random busine...

A: Output Equation in the economy - yt = πt - πte + y⏜ Where πt = Actual inflation rate , πte = Expecte...

Q: 2. Graphically show the impact of the following on the real exchange rate and the trade balance (a) ...

A: The real exchange rate is the price of commodities and services produced in foreign comparative to t...

Q: !

A: Given: 1] The short-run production function of a firm is given as q = f ( L , K ) The cost constrain...

Q: The figure below shows the market for higher education. The market demand curve for higher education...

A: Given:- Higher education produces positive externality and government provides $8000 subsidy per stu...

Q: The value of x is 0<x<90. For what value of x is (D, R) a risk dominant equilibrium. Game Bob R Ann ...

A: The dominant strategy can be got by using the elimination method, here rows and columns can be elimi...

Q: Distinguish between (Any Three): a) Short-run and Long-run Production function b) Gains from exchang...

A: a) short run production function                        long run production function 1 short run is ...

Q: What is the main advantage for an LLC or Corporation? Select one: O a. taxes O b. to avoid personal ...

A: In the mentioned question, we have been asked about the advantage of having a corporation rather tha...

Q: The forward rate of exchange is 2 , the spot rate of exchange is 1.75. The US has a bond of 9% inter...

A: The spot rate is the price of a product that will be traded "on the spot" or immediately.   A forwar...

Q: Brazil trades bananas to the US and the US trades planes to Brazil. The current exchange rate betwee...

A: Below is the given information: *Exchange rate = 1 Real per $0.20 *Brazil export banana to the US. *...

Q: Complete the fill in the blanks of the table as well.

A: At equilibrium:-                             Demand=Supply here; At initial equilibrium:- Quantity= ...

Q: A consumer has $600 to spend on good x and y. Her preferences can be represented by the utility func...

A: Given; Income of the consumer= $600 Utility function; U(x,y)=y+100In x Price of good x= $10 Price of...

Q: ne short-run equilibrium output when real interest is 7%. b) Find the income-expenditure multiplier.

A: Consumption (C) = 1700+0.8(Y-T) - 2000r Investment (Ip) = 3000 - 1100r Government expenditure (G) = ...

Q: Explain the two types of demand.

A: Demand: It is one of the two forces of the economy which drives the economy and the market. It is cl...

Q: Use the following model framework to conduct an intertemporal analysis of the stock pollution. In ea...

A: GIVEN   time period t Mt = pollution flow (emission) At = pollution stock (concentration in atmosp...

Q: Fully explain why the marginal revenue curve of a single-price monopolist lies below that firm’s dem...

A: Why the marginal revenue curve of a single-price monopolist lies below that firm’s demand curve??

Q: You want to buy an apartment at the price of 4 million Hong Kong dollars. You will do this with a mo...

A: Given, Amount- 4 million Rate of Interest- 8% Time- 30 years

Q: II. PROBLEM SOLVING: BALANCE AND SOLVE THE PROBLEM. WRITE YOUR ANSWERS ON THE SPACE PROVIDED. Balanc...

A: In this question we have to find out the total assets, total liabilities with the help of the above ...

Q: 1. The demand for good X is given by Qdx = 1,200 -P,+,-8P, +M. Research shows that the prices of rel...

A: Since you have provided multiple subparts questions, we will solve the first three sub-parts for you...

Q: From the diagram below we can see that: B Julia's IC 0- 4950 Consumption now ($) Select one or more:...

A: Given, Julia's consumption later: Julia's consumption now =51.5: 49 =50: 50 Thus, with moving downwa...

Q: According to the principle of , consumers determine what is produced in the economy through their pu...

A: GIVEN According to the principle of , consumers determine what is produced in the economy through th...

Q: Game Bob L R Ann U 100,100 0, 0 D x, X 90, 90 Select one:

A: Provided that : 0 &lt; x &lt; 90  So , whatever be the value of (x) : Nash equilibrium strategies ar...

Q: Conventional ways to reduce the deficit and the related problems

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: In a market for assets, there are two types, AA and BB. Buyers value AA at $5,550 each and value BB ...

A: Since the consumers do not care about the type of the asset. They will be willing to pay the expecte...

Q: Which of the following is most likely to have a low price elasticity of demand? A good that is very ...

A: Answer: The demand for goods that are expansive, luxurious, and goods having many substitutes will b...

Q: It is popular view in economic and legal literature that grandfathering or emission trading is incon...

A: Given statement: "It is popular view in economic and legal literature that grandfathering or emissio...

Q: Y = AK^ L' %3D

A: Y=AKαL1-α Where K represents the capital  L represents the labor

Q: In a bilateral monopoly, what is the impact on the supply of labor compared to a competitive labor m...

A: Answer-  

Q: Class Activity 3 9" February 2022 1. The table below shows the marginal benefit or Utility (MU) sche...

A: Given:

Q: The following graph shows the annual market for Florida oranges, which are sold in units of 90-pound...

A: Equilibrium in the market occurs at the intersection point of market demand and market supply curve....

Q: Consider the impact of a cut in the interest rate set by the central bank (the "policy rate"), which...

A: Interest rate: - it is the percentage charge on the principal amount by a lender to a borrower.

Q: The price of oil in 2005 was $67 per barrel. “This price is still lower than the price of oil in 198...

A: As per the question, in year "2005 price of oil per barrel" (F)= $67 per barrel. Let price of oil pe...

Q: $100 9아 8아 7아 60 50 40 30 20 10 B 1 2 3 4 5 6 7 89 10 Quantity of Output Unit (dollars)

A: A variable cost is a commercial expense that varies depending on the amount of product or service th...

Q: What are the sources of law?

A: In the United States' legitimate framework, there are four primary sources of law. These are constit...

Q: What are the independent and dependent variables of US-Iran Conflict on the strait of Hormuz and its...

A: The strait of Hormuz serves as an globally important narrow water way which connects the Persian gul...

Q: Which of the following price elasticities of demand would indicate inelastic demand? O 1 O 10 O 0.5 ...

A: Price elasticity measures the responsiveness of demand of a good to its change in price of that good...

Q: Exercise 1 Consider the following scenario. Aggregate output y at date t is specified as follows, Yt...

A: Output Equation in the economy: yt = t -te + y⏞ Where, t = Actual inflation rate ,  te = Expected In...

Q: A) The prediction that population growth and growing affluence would outstrip supply would mean risi...

A: Graph represent world oil price and global oil consumption. Prices per barrel are taken on Y-axis an...

Q: Data for movie tickets Quantity demanded Price ($ per ticket) (tickets per day) 7 300 8 200 100

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

Q: FIGURE 7-2 $100 90 80 70 60 50 40 30 20 10 1 2 3 4 5 6 7 8 9 10 Quantity of Output Refer to Figure 7...

A: please find the answer below.

Q: Explain why macroeconomists like to build models and why do macroeconomists build models based on mi...

A: Economists are the people who study the concepts of economics in-depth and prepare a more detailed s...