Q: "Even if there is full information and that wages and prices are fully flexible as what the…
A: Expansionary fiscal approach incorporates tax breaks, move installments, refunds and expanded…
Q: Enumerate 5 examples of globalization today and explain the advantages
A: Globalization, is the procedure of interaction and integration among people, companies, and…
Q: diagram at the right of SRATC and LRAC curves. The SRATC curve s drawn for a given plant size. a…
A: The short run is an idea that expresses that, inside a specific period later on, no less than one…
Q: monopolist, as opposed to a company in a perfectly competitive market:
A: Perfect competition market ;- where large numbers of sellers and buyers exist and exchange…
Q: Mead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research…
A: Given The current price of the thread seal tape is 42.00 per roll Price-demand equation: p=60-0.02x…
Q: 8. Suppose both the consumption good and leisure are normal goods any graphs what will happen to the…
A: A consumption good or administration is one that is utilized (minus any additional change underway)…
Q: Consider the Augmented Solow model. Derive the golden rule level condition and show it over the…
A: The Solow Model of economic growth or the neo classical model of growth This model is also known as…
Q: The demand and supply functions for good x and good y are given as: Q=145-2Px + Py = -45 + Px QD=30+…
A: According to the question, it is given that : The demand and supply functions for good x and good…
Q: 40907 is invested at 7% compounded continuously for a period of 5 years and 3 months, it will resu…
A: P (principal) = $40,907.00 I (interest) = ?? Amount = A = ?? Rate = 7% compounded continuously…
Q: 31. Which of the following shifts the aggregate supply curve? an increase in the price of oil b. C.…
A: In an economy, aggregate supply curve is the curve that depicts the overall production of output…
Q: the ATC of eight 4 qt pas of ice cream is $80 and the AFC of eight pails is 125, the AVC of eight…
A: Here, given information is, Average total cost (ATC): $80 Average fixed cost (AFC): $25 To find:…
Q: What are the objectives of regulators? Under what conditions is regulation most likely to raise…
A: Regulatory job of government includes guideline of different business and financial exercises by…
Q: 6. A-One bakery in Brampton sells 350 fruit cakes slices each month for $3.25 each. They are looking…
A: general equation of demand function is Q=a-bp where b is slope of demand curve . to find the…
Q: Consider a general utility function U(x₁, x₂). Let's now solve for the optimal bundle generally…
A: A mathematical function that is known as a utility function is one that assigns a number to each of…
Q: A person deposits a sum of $ 20,000 at the interest rate of 18% compounded annually for 10 years.…
A: Following are the given values: Deposited amount = $20000 Interest rate = 18% Time period = 10 years…
Q: The following Table shows the relationship between fertilizers applica rate in kg per dunum and…
A: Fertilizer = Input = Variable factor Barley = Output = Total Physical Product (TPP) The price of…
Q: The following information is for a closed economy: GDP $100 200 300 400 500 600 700 C $100 160 220…
A: In a closed economy, Aggregate supply = Aggregate demand => AS=AD => C+S = C+I => S = I…
Q: 5. The following regression results relate to a study of computer sales (in dollars) as a function…
A:
Q: Variable Output -42 1 2 3 TVC TC AFC 400 700 O $200 O $250 1000 4 Use the above table and assume…
A: We have given the cost schedule in which fixed cost is $1000
Q: You are the owner of a local car dealership. Unlike other dealerships in the area, you take pride in…
A:
Q: Eng. Eco. Q5. Sam invests a sum of $5,000 in a bank at a nominal interest rate of 12% for 10 years.…
A: Given the investment amount = $5000 Nominal interest rate = 12% Time = 10 years
Q: If the economy's real GDP doubles in 9 years, we can not say anything about the average annual rate…
A: In the standard of 70, the "70" addresses the profit or the distinct number in the recipe. Partition…
Q: 34. The graph below shows a demand curve before and after a tax. Because the tax raises the price of…
A: According to the given graph, Initial quantity is 45 Quantity after tax is 40 Initial price is $11…
Q: Net Exports Net Foreign Factor Income Consumption of Fixed Capital Taxes on Production and Imports…
A: Nominal gross domestic product for this economy is the value of the economic goods and services…
Q: What uniform annual amount should be deposited each year in order to accumulate P100,000 at the end…
A: The interest rate is the sum charged on top of the main by a lender to a borrower for the…
Q: Indicate whether the concept can be characterized by a shortage, surplus, or equilibrium. Binding…
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Suppose that there is limited commitment in the credit market, but lenders are uncertain about the…
A: Collateral constraints drive an unevenness in the connection between house costs and economic…
Q: Suppose a firm in a perfectly competitive industry is currently producing output at its…
A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…
Q: Which of the following will decrease physical capital per worker? O increase in saving in the…
A: Physical capital per specialist is the supply of gear and designs that are utilized to deliver labor…
Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…
A: Given informtaion: A family borrows $70,000 at 12% for 15 years in order to purchase a home. We…
Q: Janice wishes to safeguard her business at all given times. She has heard from a friend that there…
A: Contract is a kind of an agreement for any service, company or things which is enforced by law. In…
Q: opulation growth mproved health and nutrition enforcement of property rights increased educational…
A: DISCLAIMER “Since you have asked multiple question, we will solve the first question for you. If…
Q: Question 40 The is the total amount of money that the United States owes. O Budget Surplus Budget…
A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…
Q: With a voluntary export restraint (VER), the economic rent created by the quantitative limit on…
A: An exporting country's ability to export a certain amount of a good to another country is restricted…
Q: An economy can produce 2 hamburgers and 10 French fries and 3 hamburgers and 8 French fries as…
A: Opportunity cost of producing an additional unit of a good is a sacrifice of production of other…
Q: Physical capital is the factories and machinery used to produce other goods and services. ● ● ● ●…
A: Actual CAPITAL or physical capital ARE THOSE PHYSICAL INPUTS WHICH ARE FURTHER USED IN THE…
Q: INFORMATION NEEDED TO ANSWER THE QUESTION IS BELOW, AND THE QUESTION IS AT THE END. THANK YOU! Gas…
A: Equilibrium Equilibrium is considered as the point in the market at which the demand and supply in…
Q: Suppose a perfectly competitive firm is breaking even (profit is equal to zero). In the short run,…
A: In perfect competition there are many firms producing identical goods.
Q: Several policy options have been proposed to encourage more people to be vaccinated against the flu.…
A: This is an example of role of government. Now in this case, we have to identify the marginal social…
Q: Macroeconomics Group of answer choices is the efficient allocation of societies scarce resources is…
A: Scarce resources are those resources which are present in limited quantities.
Q: If a stock drops in price by 5% and then improves its price by 5%, the resulting price is the same…
A: Price is rising by 5% and then decreasing by 5%, the resulting price is sum of decrease in price and…
Q: A small business with an initial outlay of $ 12,000 yields $ 10,000 during the first year of its…
A: Given the initial investment = $12000 First year income, A = $10000 Increase in yield, G = $1000…
Q: Consider a demand curve that is a straight downward-sloping line and has its midpoint at a price of…
A: Elasticity of demand shows how responsive the quantity demanded is when price of a good changes.
Q: When the number of producers are increasing then the supply will OA. Increase OB. Decrease O C.…
A: For the course of production to begin it is fundamental that legitimate preparation and supply of…
Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…
A: Quasi - fixed means that those labor prices that do not change with hours worked however do change…
Q: 5. If an economy has a recessionary expenditure gap, the government could attempt to bring the taxes…
A: Recessionary gap is the gap where economy real GDP is less than Full employment GDP , Government…
Q: conect answer below se data are responses from a survey ese data are outcomes of a designed…
A: *Answer: . option-E: These data are results of an observational study is the correct answer.
Q: January 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000. During 2013, LLS bought or…
A: *Answer: Give data, In january 2013, Lindsay's Lawn Service (LLS) had equipment valuing $11000.…
Q: "Advertising is best suited for achieving narrowly defined communications objectives." Discuss this…
A: Meaning of Market: The term market refers to the situation under which the producers or the…
Q: Do you expect that an increase in the price of a product generates a larger decrease in quantity…
A: When talking about a monopolistically competitive market, it can be said that there ar relatively…
Step by step
Solved in 2 steps with 2 images
- 5. Which of the following best describes morality? OIt is defined as the standards people use to judge what is right or wrong.good or evil. O It is the study of ethical values that are perceived in an organization. () It is defined as the tool used to measure the level of social integration present in society. O It is the study of moral standards and its effect on behavior and conduct. 6. A category in Disruptive Technology that makes possible one or more new technologies, processes, or åpplications. * O Catalysts Morphers Enhancers Enablers1. The total demand (marginal benefit) curve for backpacking trips within 30 miles of the Supersti- tions is as follows: (a) Price = 200 -0.5 x NumberOfTrips - 10 x Water Availability Index Describe what water availability does to consumers' demand for trips.4. Four roommates are planning to spend the weekend in their dorm suite watching old olent atsomos movies, and they are debating how many to watch. The table below contains their willingness to pay for each film. 1st film 2nd film 3rd film 4th film 5th film John $7 $6 $5 $4 $3 bhag 12 Seiner Paul $5 $4 $3 $2 $1 van sit Vedda noinwo (hose il qalihe: 0x sla 2102 gulden et 150 yebesnbew sho George $3 $2 $1 $0 $0 olboed yd bacoes maldong taboog diktug ton one forld amesi sbivond themsvde sa asob vrlw Ringo og $2 $1 $0 $0 $0 20607) 1610A (b 2)99712 vdio (9 mag mize itsinsrof wall (d e. Suppose they agree in advance to choose the efficient number of movies and split the cost based on willingness to pay. Does John have an incentive to tell the truth? Why or why not? panini
- 1. Externalities - Definition and examples An externality arises when a firm or person engages in an activity that affects the wellbeing of a third party, yet neither pays nor receives any compensation for that effect. If the impact on the third party is adverse, it is called a externality. The following graph shows the demand and supply curves for a good with this type of externality. The dashed drop lines on the graph reflect the market equilibrium price and quantity for this good. Adjust one or both of the curves to reflect the presence of the externality. If the social cost of producing the good is not equal to the private cost, then you should drag the supply curve to reflect the social costs of producing the good; similarly, if the social value of producing the good is not equal to the private value, then you should drag the demand curve to reflect the social value of consuming the good. ? PRICE (Dollars per unit) QUANTITY (Units) Supply Demand Demand Supply With this type of…Demand: Thinking Like a Buyer — End of Chapter Problem The marginal benefit received for each gallon of gasoline consumed per week for Ang, Tony, and Gianna are provided in the accompanying table. a. On the first graph, move the points to plot an individual demand curve for each person. b. Assuming there are only these three people in the market, create the market demand curve for gasoline on the second graph. Move each of the points of the market demand curve provided to plot the appropriate market demand according to the dataset provided.Demand: Thinking Like a Buyer — End of Chapter Problem The marginal benefit received for each gallon of gasoline consumed per week for Ang, Tony, and Gianna are provided in the accompanying table. a. On the first graph, move the points to plot an individual demand curve for each person. b. Assuming there are only these three people in the market, create the market demand curve for gasoline on the second graph. Move each of the points of the market demand curve provided to plot the appropriate market demand according to the dataset provided. Gallons consumedper week Ang’s marginal benefit Tony’s marginal benefit Gianna’s marginal benefit 1 $7 $4 $8 2 $5 $3 $6 3 $3 $2 $4 4 $1 $1 $2
- Graph the following data on social and market demand: Im pretty sure I have the graph correct but I am unsure how to find the anwsers to the questions. Price ($) 20 18 16 14 12 10 Market quantity demanded (units per month) 10 20 30 40 50 60 Social quantity demanded (units per month) 20 30 40 50 60 70 Does this product have external benefits or external costs? How large ($) is that externality1. Road construction is going on Riccarton Road. 100 Uber drivers want to drop their passengers at the airport. Each driver is deciding whether to take Riccarton Road or take Blenheim Road. The cost of travelling through Riccarton Road is $10 (additional fuel required due to slow traffic), while the Blenheim Road route has a low fuel cost (theoretically let's assume $0) but takes more time to reach the airport. In deciding on a route, each driver cares only about income, denoted i, and his travel time, denoted t (where we have made the dollar value of one unit of travel time equal to 1). Driver's payoff is assumed to be his/ her profit (income - cost of travelling, including travel time). Assume that each driver has same income of $500. If m drivers are on Riccarton Road, the travel time for a driver on Riccarton Road is assumed to be m (in dollars). In contrast, if m drivers take Blenheim Road, the travel time for those on the Blenheim Road is 2m (again, in dollars). Drivers make…les of Microeconomics - Spring21 The table below shows the demand schedules for pizza for Abby and Barry who are the only buyers in the market. Abby's quantity Barry's quantity Price (dollars per slioe) demanded demanded (slices per month) (slices per month) 2.50 25 50 3.00 20 40 3.50 15 30 4.00 10 20 4.50 10 5 00 Based on the table, what is the marginal social benefit from the 45th slice of pizza? Select one: O a. $3.50 O b. $3.25 O c. $0.50 Od. $9
- 1.Explain specifictly how to overcome and solve the major problem of Mcdonal's company from polluting the water? 2. Explain specifictly how to stop the staff from throwing unethically waste inside the water? 3. Explain what the company will do if the staff still throwing unethically waste in the water?Look at the tables below. Person Bob Barb Bill Bart Brent Betty $ Maximum Price Willing to Pay $17 14 13 12 11 10 Person Carlos Courtney Chuck Cindy Craig Chad Instructions: Enter your answers as a whole number. a. What is the total surplus if Bob buys a unit from Carlos? $ b. What is the total surplus if Barb buys a unit from Courtney? $ c. What is the total surplus if Bob buys a unit from Chad? Minimum Acceptable Price $6 7 8 9 10 11 d. If you match up pairs of buyers and sellers so as to maximize the total surplus of all transactions, what is the largest total surplus that can be achieved?10. In 2012, the Nigerian government removed a subsidy on fuel. One critic of the removal of the subsidy argued that the government was unable to clearly articulate how this would benefit Nigerians, stating, “They made economic arguments that were abstract at best and nonsensical at worst." See if you can do a better job at explaining the rationale for removing such a subsidy. How are people better off without the subsidy?