Q: Demand of product X = 2 P = 2000 - 4 Q Supply of product X = P = 100 + 3 Q Sales tax per unit = $ 10...
A: "Since you have posted a question with multiple sub-parts, we will solve the first three subparts fo...
Q: Trying to figure out question: If a new home can be constructed for $150,000, what is the opportun...
A: Opportunity cost is the cost of opportunity forgotten in order to choose another opportunity. It is ...
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A: The creation of wealth from which the benefits of the community are being realized is known as econo...
Q: | calculate the inflation/deflation if growth rate was 0.2 percent a year, the money growth rate was...
A: Inflation refers to the increase in the price level of goods and services of a country over a period...
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A: The law of diminishing marginal utility basically refers that as consumption increases, the marginal...
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A: Federal government can increase or decrease taxes and government spending to change the money supply...
Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...
A: Given that; MAC1 = 3q1 + 5 MAC2 = 2q2 Two power plants release 150 units of SO2 and each firm curre...
Q: A market is modeled by the llowing đếmand supply fünctiöns! and Qs = 10P. If P=$5, determine if ther...
A: Qd=60-10PQS=10PP=$5
Q: How much would the firm’s revenue change if it lowered price from $12 to $10? Is demand elastic or i...
A: Demand curve shows an inverse relationship between price and quantity demanded. Elasticity measures ...
Q: 1. Consider utility function Ux1,x2=x,0.5x20.5 for x1<0 and x2<0.Show that the function satisfies (i...
A: The utility is the capacity of good that satisfies human wants.
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A:
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A: Okun's law states the inverse relationship between unemployment and GDP. According to Okun's law: 2...
Q: What are some characteristics of perfect competition? Is the Banana market a perfect competition? ...
A: We will answer the first question since the exact one was not specified. Please submit a new questio...
Q: 4. The following is the age distribution of 1,000 persons working in a large industrial house: Age -...
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Q: How would you solve PART D (the one with externality) of this question? Thx
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Q: In the figure, as the price level increases the aggregate demand curve will O A. not shift. O B. not...
A: The curve that depicts the quantities of goods and services being demanded by individuals at various...
Q: Which of the following is true (M = Money supply, cu = currency - deposit ratio, res = reserve - dep...
A: The money multiplier formula is given by: (1+cu)/(cu+res)
Q: Janet has some money set aside for the purchase of a new house. Her friend, Rachel, has some credit ...
A: Answer: When the difference between the interest rate and the expected inflation rate will be maximu...
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A: 1. Labor force participation rate=Employed+UnemployedLabor force (16 and above)x100 ...
Q: The following figure (Figure 10.4 on your textbook) shows the present value of 1 dollar of climate d...
A: Answer -
Q: Two firms A and B compete in a Cournot duopoly environment. The (inverse) market demand curve is giv...
A: Answer: Given, Inverse market demand function: P=88-0.5QWhere,Q=QA+QB Total costs: TCA=8QATCB=8QB Le...
Q: If the fixed cost of producing output Y is P150,000, variable cost is P300 per unit and the price of...
A: Introduction Fixed cost = P 150,000 Variable cost = P 300 per unit Price = P 600 per unit Production...
Q: In the table below, fill in the missing blanks to complete the summary of the effects of changes in ...
A: When the price of a product is low, so is the supply. When the price of a product is high, so does t...
Q: With the help of a demand and supply diagram explain how q video showing worms in sausages will impa...
A: Demand is a very important concept in economics, used to determine the quantity demanded by the cons...
Q: 1. April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She ...
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...
Q: Jerry's snowboards Total Labor Product (workers (boards Marginal Product of Labor ТР Average Product...
A: "Average product indicates the number of units produced per worker." "Marginal product of an input i...
Q: A consumers utility function is given by U(X1, X2)=Xa1X21-a where A>0, 0<a<1 A consumer also faces ...
A: We have utility function U(X1,X2)=X1aX21-a ...... (1) Where p1and p2 are the prices and M...
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A: A wage is pay paid to representatives for work for an organization during a timeframe. Wages are gen...
Q: If the reserve ratio is 10% and excess reserves increase by $1,000, what is the maximum possible inc...
A: Answer: Given, Reserve ratio = 10% = 0.1 Change in excess reserve = $1,000 Change in deposits=deposi...
Q: or all parts of this question, assume that the log of GDP per capita is normally distributed with a ...
A: Given Mean of log GDP per capita =8.7 Standard deviation =1.5 We have to calculate the value of inc...
Q: A firm currently faces a market price of $7. If producing output where MC= $7, it would produce 11 u...
A: Actually in simple words we can say that the market price in the economy is generally known as the c...
Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...
A: Introduction Two Power plant has given as MAC1 = 3q1 + 5 MAC2 = 2q2 They both release 150 units of S...
Q: Write a critique of the export base theory
A: Export Base Theory According to the export base theory, external demand for export industries' produ...
Q: Amadea spends all her income on pizza, chocolate milk, and music streams. The price of pizza is $4 p...
A: Answer: Given, Price of pizza PP=$4 per slicePrice of chocolate milk PCM=$2 per bottlePrice of music...
Q: annual benefits from the company a revenue?
A: Revenue refers to the entire amount of money earned through the sale of goods and services related t...
Q: If you deposit $10000 into a fund paying 6% interest. how much will be the amount after 1 years.
A: Deposit amount = $10000 Interest rate = 6% Time = 1 year
Q: Who is in the labor force?
A: Labor force concept The workforce, also referred to as the labour force, is the group of employed pe...
Q: 2. Consider a firm that has the following production function, q = 3L3KŠ, where the rental rate (r) ...
A: In economics, a production function gives the technological relation between quantities of physical ...
Q: Explain how each of the following actions will affect the level of planned investment spending and u...
A: The correct answer is given in the second step.
Q: The average salary of male employees in a firm was Dollar 5200 and that of females was Dollar 4,200....
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Q: An analysis of monthly wages paid to the workers of two firms A aud B belonging to the same industry...
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Q: Determine the interest rate per period for each of the following annual interest rates. A. 12% inter...
A: The given values are as follows: Interest rate = 12% Number of interest periods = 2
Q: Consider the model of public goods in the last section of this chapter. (a) Suppose that preference...
A: The correct answer is given in the second step.
Q: How does the Federal Reserve control the money supply in the United States
A: The Fed can influence the provision of funds by changiñg the reserve requirements, which usually mea...
Q: The Solow model without exogenous productivity growth predicts that rich countries with more capital...
A: If the other economic variables are same, the Solow model predicts that over the long run, the devel...
Q: The following consumption function of an economy is given3; 40+0.8Y where Y is national income If th...
A: Solution is given:
Q: An economy is considered a small open economy if it A. is too small to affect the world real inter...
A: Open economy refers to the economy which trades with other countries.
Q: TC = Q3 – 12Q? + 100Q + 256 d. Write the equations of MC, AVC, and AFC. MC = %3D AVC = AFC = %3D e. ...
A: TC=Q3-12Q2+100Q+256Here,TFC=256TVC=Q3-12Q2+100QNow,AFC=TFCQAFC=256Qand,TVC=Q3-12Q2+100QAVC=TVCQAVC=Q...
Q: Production, Costs, and Perfect Competition: Firm in the Short Period a. data: (1) K = 7 and the...
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...
Q: To increase the money supply, the central bank could: O A) raise the discount rate. O B) make open-m...
A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known a...
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- Does a gap between the average earnings of men and women, or between whites and blacks, prove that employers are discriminating in the labor market? Explain briefly.Will a free market tend to encourage or discourage discrimination? Explain briefly.Does the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?
- Analyse the Employment of Educators Act 76 of 1998?Discuss how differences in discount rates or in ability across workers lead to differences in earnings and schooling. Under what conditions can the rate of return to schooling be estimated? (Pg 240-241) a sup yees would experience a loss if employmen 1Private sector employmnet in Palestine in 2019 constitutes a. roughly 50 percent of total employment O b. more than 75 percent of total employment С. about 10 percent of total employment d. Between 60 - 70 percent of total employment