Explain how rates of return on capital, land, and nonrenewable natural resources are determined

Q: Suppose a small country Neverland exports only silver and gold. These two industries employ 40% of…

A: Answer; Export share in GDP = 50%   Share of Silver in Export = 60%     Let\'s assume…

Q: How does neoliberalism differ from classical liberalism in its approach to economics? Group of…

A: Neoliberal proponents may use classical liberal logic to justify neoliberal policies. The…

Q: Che-Che bought his brother a laptop 5 years ago which has a cost of around 25,000PhP. The laptop’s…

A: The given variables are: Initial cost = PhP 25,000 Life = 10 years Semi annual maintenance after 5…

Q: Short Answer 1. Two students are walking by a department store window that has on display a $400…

A: here we explain the logic of the given statement  " i want that dress but cant afford it" as…

Q: Joe's House of Birds produces bird houses. Evaluate each of the following statements to determine…

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Q: What is the tragedy of the commons?

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Q: All of the following are drivers of globalization except

A: Globalisation is the free movement of people, capital, technology and trade from one country…

Q: ENGINEERING ECONOMICS It costs P500,000 at the end of each year to maintain a section of Kennon…

A: Compound interest is also referred to as "interest that is not simple." Compound interest does not…

Q: Ten-year old Sarah is starting a lemonade stand, she uses baskets of lemons (L) and other…

A: Introduction We have given a production function of Sarah. She produces a basket of lemons and units…

Q: For some years, Mel has contracted with several major pizza retailers for home delivery services. He…

A: Given,  New Van :Cost : 137,500 with economic life of 6 yearsTrade in value : 45,000AOC of…

Q: Given the magic rectangle (all column sums are equal and all row sums are equal) 4 15 5 3 13 6 7 8 9…

A: This paper examines the (most) improved best-response correspondence proposed by Balkenborg et al.…

Q: Explain the correlation between marginal utility and consumer's

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Q: a. Construct the cost-of-living index number for 202 2 the basis of 2019 from the given data.…

A: Cost of Life Index Numbers: Cost of Living Index Numbers are unique index numbers that are used to…

Q: Consider the following utility functions for wealth w: (i) u(w) = 3w, (ii) u(w) = w^1/3, (iii) u(w)…

A: We have 4 different types of utility functions and given w=1

Q: High tax rates that put money into the government's funds tend to slow spending, and ultimately slow…

A: Tax: The word tax refers to the compulsory payment which is imposed by the government. It is also an…

Q: Studies about the effects of population growth on the economy are part of macroeconomics. True or…

A: Study of economics is broadly divided into 2 streams. One is microeconomics and another one is…

Q: 1) Does the above diagram depict a positive externality or a negative externality? 2) What is the…

A: Answer; 1.   The above diagram depicts negative externality since the Marginal social cost is…

Q: A company determines that its demand function is given by p(q) = -0.8q + 1716 and that its cost…

A: Given, p(q) = -0.8q +1716 C(q) = 54.53q +4519 items produced = 814 need to calculate Marginal…

Q: In a given community, the unemployment rate is 4% and their working-age population is 930,000. Labor…

A: Here we calculate the unemployment rate in February assuming everything was constant as December…

Q: The fixed overhead expense of a manufacturer of children’s toys is$400 per week, and other costs…

A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…

Q: Which is considered a factor of production? Multiple Choice O service knowledge bonds competition

A: Factors of production:-  The factors of manufacturing refers to the materials that make up the…

Q: A firm has a short-run total cost function given as STC =q³5q² + 25q. a. If P = 100, identify the…

A: Answer; a)   Profit maximising quantity , q = 15   Profit = 1125   b)   Profit…

Q: Next, consider a case that the integrated firm produce the product and sell directly to consumers.…

A: We have demand for integrated firm is p=70-q and MC= 10.

Q: 1. Let preferences of both individuals be given by log(c) + log(c₂). Suppose that the endowment…

A: Consumer preferences basically refers to as subjective (individual) tastes for distinct bundles of…

Q: A profit-maximizing firm will: O reduce employment if VMPL exceeds MCL. O expand employment if the…

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Q: If an effective rate of interest is given 6%, compute for the interest rate if it pays thrice a…

A: Answer :-    Given data Effective rate of interest 6% And   Interest pays quartly.

Q: ct assortments may be useful: motions will be necessary. ments before entry may be necessary to warn…

A: Compartive advantage alludes to the capacity to deliver labor and products at a lower opportunity…

Q: What changes occur in the graph of Tina's demand curve as the price of bottled water rises? As the…

A: Answer is given below

Q: 15 ) Based on the data in the above table , to assure that the efficient amount is produced the…

A: Free market equilibrium is where marginal private cost is equal to marginal private benefit.…

Q: what are Methods for increasing marginal utility more accurate or efficient?

A: Marginal utility refers to the additional benefit derived from consuming an additional unit. This…

Q: In the multiple regression model, the assumption of no perfect collinearity is best described as:…

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

Q: Explain the influence of costs in the short run on a firm's output

A: Short-run is a period of time when there is some cost which cannot be varied.

Q: 15. Explain the following: a) Why would a U-shaped Average Cost (AC) curve result from a Total Cost…

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Q: Answer the following question and defend why you came to this conclusion using economic principles:…

A: The money supply basically refers to the overall amount of money in circulation in a given economy…

Q: If an interest rate pays 9% five times a year, calculate the effective rate of interest. please with…

A: Interest rate is the interest charged to the borrower by the person who makes the loan, calculated…

Q: Need help with this. If nominal GDP is $100 and the money supply is $25 then money velocity is?

A: Introduction The money velocity is a measurement of how many times an average unit of currency is…

Q: Which of the following would lead to an increase (rightward shift) in the demand for money? an…

A: Demand for money shows different levels of money demanded at different interest rate.

Q: A tourist from Jamaica takes a holiday in Turks and Caicos. To Turks and Caicos, this is an example…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Figue AAA Q' Qt Q" Q Question 45 Consider Figure AAA, which is a diagram we built to study the…

A: A) in perfect competitive market:-   1) in perfect competitive market, there are many number of…

Q: In an Open Access equilibrium of fishers maximizing their​ profits, new fishers will continue to…

A: an Open Access equilibrium of fishers maximizing is considered as an competitive market.

Q: 61. The total demand for money curve will increase (as a result of): A. if investors perceive less…

A: At the marketplace, money demand refers to the amount of money held by the people to make different…

Q: en is a predator-prey model with the following parameters: Carrying capacity 1000, regrowth rate of…

A: The state of equilibrium occurs when market supply and demand are matched, resulting in stable…

Q: 34. The natural unemployment rate for a country is 6%. If the country's potential GDP is 55000 and…

A: Answer; 34) Option (e) None of the above is correct

Q: If a country were to increase its saving rate, then in the long run it would also increase its…

A: The answer is - Growth rate of productivity

Q: Suppose the cross-price elasticity of tea with respect to the price of coffee is 0.6, and the price…

A: Cross elasticity of demand is defined as the measurement of the relative change in quantity demanded…

Q: A baker uses labor (L) and raw materials (M) to produce mini Muhlenberg Mule sugar figurines (q).…

A: f(L, M) = L 0.50M. Let wL and wM denote the prices of a unit of L and M,

Q: How does the rate of population growth influence the level of GDP per person?

A: (Q) How does the rate of population growth influence the level of GDP per person?

Q: Brooke is evaluating two alternatives for improving the exterior appearance of her Victorian-style…

A: Cost = $10500 MARR = 10%

Q: To be classified as unemployed, a person must be at least 16 years old and trying to find a job…

A: By definition, an unemployed is classified as a person currently available for work and actively…

Q: A firm invested $500,400 in manufacturing equipment and started producing toys. It costs $5 to…

A: Total cost is the expenditure that is incurred in the production of goods and services. It means the…