If the price of a good increases by 10% and the quantity supplied increases by 30%, what is the elasticity of supply? Does this product have an elastic, unitary elastic or inelastic supply? What will the supply curve look like?

Q: 12. Imagine that you are the manager of a company considering direct foreign investment. What count...

A: 12) As a manager of a firm considering FDI, a person would choose the country with the lowest restri...

Q: New York City has licensed street vendors for more than a century.  It currently provides only a sma...

A:                                      

Q: 2. The following data is given for the monetary sector of the economy. Transaction demand for money,...

A:

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: During a recent 30-day period, the Squish restaurant sold 600 Ocean Delights at a price of $6.45. Du...

A: Total revenue is the multiplication of price and quantity. The price rises then the total revenue ri...

Q: coupon bond, with semiannual coupons, face value of 1,000, 20 years to maturity, $1,197.93 price. Cu...

A: Use the below formula to find the current yield: Current Yield = Annual coupon amountPrice Consider ...

Q: How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?

A: Costs refers to the amount of money needed to produce goods and services by a firm. These costs may ...

Q: Mathematical economics: For an economy the following consumption function is given : C = 60+0.75 Y. ...

A: As given Consumption function is given as  C = 60+0.75Y  as we know at equilibrium Y = C+I

Q: 3. For a closed economy, the following data is given: 50 + 0.8Y, Consumption C %3D Investment I 70 G...

A:

Q: If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you with...

A: Given the present value in the fund = 10000 Interest rate = 6% Monthly interest rate = 6%/12 = 0.5% ...

Q: Problem 1. The following specifications are given for an economy: Consumption, C = 250 + 0.75 Yawher...

A:

Q: b. Bette's auto insurance will pay the cost of a new windshield if her current one breaks. c. Cory's...

A: In this case, various statements have been provided for which it is mentioned to be categorized unde...

Q: Determine the interest rate per period for each of the following annual interest rates. A. 3% intere...

A: Given values are as follows: Interest rate = 3% It is required to find the interest amount for the s...

Q: Consider the following economy : C=100+0.8 Y I= 50 - 25i G= T= 50 M' -=200 Md = Y – 25 i 1. Calculat...

A: Answer: Introduction: Therefore Y = 800-12i

Q: Below are the overtime hours (O) worked by 3 employees an an Office. Calculate var(O). (3 significan...

A: Variance A statistical assessment of the dispersion between values in a data collection is known as ...

Q: A legitimate price objection is a strong signal that the customer is seriously thinking about making...

A: The purchases of any goods by the consumers, depend upon the price of goods and services.

Q: is always equal to gross domestic income in the circular flow of income and expenditure. a. Gross do...

A: Circular flow model explains how an economy functions. It analyses the way goods, services and money...

Q: How are societies economically organized?

A: Traditional, command, and market-oriented economies can all be found in societies. The majority of s...

Q: The demand function for a good is p = 42 – 0.01q. Round your numeric answers to one decimal place. a...

A: As given demand function is  p = 42 - 0.01q  As we know total revenue = price*quantity 

Q: For an economy the following data is given : Consumption (C) Investment (I) Efample = 100 + 0.8 Y. =...

A: Given data is:   Hence y= 812.5

Q: Capital flows and the balance sheet effect. The direct impact of ultra-easy money policy in advanced...

A: The movement of money for the purposes of investment, trade, or business operations is referred to a...

Q: List the Good and Bad effect of global free trade in a country?

A: The economics as a study is based upon the idea that the resources which are used in the economy are...

Q: Suppose a firm builds a larger plant and increases its output. Which of the following statements is ...

A: If a firm builds new plants and increases its output, it moves from diseconomies of scale to economi...

Q: What assumptions cause the immediate-short-run aggregate supply curve to be horizontal? Why is the l...

A: The short immediate-run aggregate supply curve is horizontal due to the assumption that both input a...

Q: r=0% on deposits. Consumer needs to borrow $50 loan and the consumer has uncertain income of y=50,80...

A: Expected income:- When there is uncertain in income and there are chances of occurring differebelowñ...

Q: If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixe...

A: Given that:- Consumption, C=50+0.75Y Investment, I=250 MD Government expenditure, G=200 MJD Net expo...

Q: Find the present value of an annuity of $2,000 payable at the end of each year for 10 years, if the ...

A: Answer is given:

Q: A person invest P450 to be collected in 8 years. Given that the interest rate on the investment is 1...

A: The future value of an investment is the value of the given investment at a specified date for a giv...

Q: Plotted through point E are two demand curves; one is relatively elastic, and the other is relativel...

A: The kinked demand curve represents the independence of firms in an oligopoly market. The kink of the...

Q: - The following data characterises the macroeconomic conditions of a hypothetical еconотy: С - 50 + ...

A:

Q: An increase in the expected price of commodity would likely to follow the current supply and demand ...

A: Demand shows the quantities of goods that a customer is willing to buy at various prices over a part...

Q: Cobb-Douglas functions with constant returns to scale can be used to model A   technological chang...

A: The answer is - A . technological change that increases aggregate productivity

Q: Receive floating volatity during a to Selected period a Pay foxed volatility during a Fixed volatili...

A: Since you have posted multiple question, we will solve first question for you. If you want any speci...

Q: 11. Suppose an individual has a daily income of Rs. 1,500 and spends it to consume commodities X and...

A: Income of the individual = 1500 Price of X = 75 Price of Y = 50  

Q: 28. Mr. Sanchez bought a machine costing 600000, it is believed to have a book value of P24500.65 at...

A: The formula for declining balance depreciation is as follows, Depreciation rate = 1 - (Salvage value...

Q: How would a manufacturer of automobile parts for the secondary market benefit from the addition of...

A: Third level channel As the name indicates, a third-level channel has three intermediate levels: a wh...

Q: Population Growth and Technological Progress- End of Chapter Problem In the Solow model, how does a ...

A: According to the Solow growth model, the long-run economic growth is the result of a significant con...

Q: MBp=90-0.3Q, MCp=30+0.1Q, marginal profit=60-0.4Q, marginal external cost=0.2Q. Solve for the compet...

A: Competitive market equilibrium is where marginal private benefit equals marginal private costs. An e...

Q: In the context of economic recession, explain monetary and fiscal measures that should be implemente...

A: Answer: Economic recession: recession refers to the period of a general decline of economic activiti...

Q: (3) Consider the following figure about the real price of oil. Real price of oil 90 Start of pandemi...

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor employe...

Q: The Jabot company's production function is: Q(L, K) = L½K½ The target level of output is: Q = Qo The...

A: In the long run the optimal condition is given by, MRTS = (w/r) This means that the slope of the iso...

Q: More latest brands of notebook computers are now available to consumers. Explain the effects on the ...

A: Market price refers to the price at which a good or service is sold in the market. The quantity whic...

Q: Question 2: (a) You wish to buy a house. The market value of the house is $650,000 and you have save...

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be answerin...

Q: 9. If the supply of and demand for a product decrease at the same time, then equilibrium a. quantity...

A: The economic dynamics that decide what providers are willing to create and what buyers are willing a...

Q: Using a Trend Line The demand for Year Demand electrical power at N.Y.Edison over the years 1997 – 2...

A: Introduction The demand for electric power at N. Y. Edition over the year (1997 - 2003 ) has given. ...

Q: Notice that real GOP trends upward over time but experiences ups and downs in the short run. A perio...

A: Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by ...

Q: For an economy the following consumption function is given : C = 60+0.75 Y. %3D (a) If investment in...

A: Answer:  Y =380

Q: 7. The graphs below show the production possibilities frontiers for grapes and lemons in Spain and A...

A: Given; Term of trade:- 1 million tons of grapes= 0.2 million tons of lemon 1 million tons of lemon= ...

Q: 9. The graph below shows a small but oil-rich country, with no international trade, existing in a st...

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: Ray is an employee at COB company who likes having burger (x) and Pepsi (y) during the break and the...

A: Introduction Ray is in the employee of COB company which likes to having burger (x) and Pepsi (y) du...