The following table pertains to an economy in which the typical consumer's basket consists of 15 bushels of peaches and 10 bushels of pecans. Refer to the table, the cost of the basket in Year 1 was a. $200 b. $225 c.$ 235 d. 212.50

Q: There are questions related to International Factor Movements and Multinational Enterprises 1. Is…

A: Trade is a term used for exchange, which can be voluntary in nature where both the parties involved…

Q: Marginal cost is $26, and Average total cost is $33 when 20 units are produced. What will happen to…

A: Introduction Total cost includes all the implicit and explicit expenditures that are made during the…

Q: discuss the scope and importance of monetary economics to the feild of economics

A: Economic theory is concerned with the production, distribution, and consumption of goods and…

Q: Assume that a person's vitility function is given TU= 2x¹¹2 y ¹/2 Assume by the following function.…

A: Please check the solution below

Q: Suppose a market is in equilibrium, a rightward shift in the supply curve will NOT yield a) an…

A: Equilibrium is the point where both demand curve and supply curve intersect each other. The price at…

Q: Graphically, the market demand curve is: Multiple Choice steeper than any individual demand curve…

A: Demand curve shows quantities demanded at different price levels.

Q: An individual makes six annual deposits of $2,000 in a savings account that pays interest  at a…

A: Given  To solve the given problem, we need a cash flow diagram. There are six annual deposits of…

Q: A company finds that there is a linear relationship between the amount of money that it spends on…

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

Q: If a corporation has $400 million in common stock, $200 million in preferred stock, and $500 million…

A: It is given that in question, cost of common stock= $400 million  cost of preferred stock = $200…

Q: retail chain will buy 900 cordless phones if the price is ​$30 each and 800 if the price is ​$40. A…

A: It is provided that the supply and demand functions are linear. From the given information it is…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: Given that; The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets…

Q: Why is the marginal benefit curve downward sloping and why is the marginal cost curve upward…

A: When talking about marginal cost and marginal benefit, it can be said that marginal cost is the cost…

Q: Explain Supply

A: Microeconomics definition: When a transaction takes place between an individual consumer and an…

Q: With regards to PESTLE, focus on and answer the economical factor with regards to the brand Knorr…

A: Some of the key economic factors that could affect Knorr from South Africa would include inflation,…

Q: How much should I invest today and expect a reimbursement every other month with a rate of 8.0%…

A: The present value of an annuity will be computation the current value of periodic payments in future…

Q: matters of economics in Proverbs 22:7 and Psalms 37:21?

A: Solution  Proverbs 22:7 The rich rules over the poor, and the borrower is the slave of the lender.…

Q: Trace the development of the concept of globalization since it first appeared in the 1940s. What…

A: Globalization  The term globalization describes how economies, cultures, and populations throughout…

Q: The demand and supply curves for the Snoopy and Charlie Brown game is given by the following…

A: The demand and supply curves for the Snoopy and Charlie Brown game is given by the following…

Q: Question 14 options: Most of the WTO's current trading policies are from 1986 – 1994 negotiations,…

A: International Trade is the buy and offer of labor and products by organizations in various nations.…

Q: Suppose we increase the overall number of doctors in the U.S. in all fields and specialties of…

A:

Q: Let D be the difference in marginal product between an experienced worker and a new worker (MPe −…

A: Answer d.Let D represent the marginal product difference between an experienced and a new worker…

Q: hat is the relationship between the output gap and the cyclical unemployment? Usually, when one goes…

A: The output gap is the difference between actual output and potential output. Cyclical unemployment…

Q: The Foreign Exchange Market The Jamaican dollar experienced a rapid depreciation in the exchange…

A: The government of Jamaica should look at both pros and cons of shifting from floating exchange rate…

Q: Assume that a firm’s total revenue is $200,000 per year. It pays its workers wages of $105,000 per…

A: Economic profit alludes to the contrast/difference between absolute incomes, fewer cost, and the…

Q: Suppose that a small business sells 725 units of goods per month at $15 per unit. The unit cost of…

A: Revenue minus explicit costs minus opportunity cost can be used to determine an economic profit (or…

Q: Suppose that the quantity of a good demanded rises from 90 units to 110 units when the price falls…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: If real GDP is $21 trillion and potential GDP is $20 trillion, how big is the output gap? ____…

A: Real GDP is the value of final goods and services produced in the year within the country, valued at…

Q: The table below shows the production possibilities in Mistania between 2014 and 2015. Using the…

A: “Production Possibility Curve is a curve which shows various combination of two goods that can be…

Q: The price of paint increased by 18 %. As a result the quantity of paint produced increases by 27 %.…

A: Give Increase in price = 18 % Change in supply of paint = 27 %

Q: Marginal cost is $26, and Average total cost is $33 when 20 units are produced. What will happen to…

A: Introduction Total cost includes all the implicit and explicit expenditures that are made during the…

Q: If Nation Z produces donuts at a higher opportunity cost than Nation A, which of the following is…

A: In the given question, it is said that Nation Z produces donuts at a higher opportunity cost than…

Q: The table below shows the marginal utility of consuming different quantities of Peaches. Use the…

A: Marginal utility is the additional utility gained from consuming an additional unit of the good.

Q: (2) Graph the following given these two goods and their respective prices: books (units with per…

A: The indifference curve refers to points on a graph representing different quantities of two goods,…

Q: a. According to the Law of Supply, if the price of a good increases, O A. the supply of that good…

A: The supply curve of a good depicts the direct relationship between the price of a good and the…

Q: stion 3 [The drainage of waste products from the chemical factory, Teesta Chemicals, situated along…

A: When the act of production or consumption affects the third party who is not involved in the process…

Q: Table 4-5 shows the demand and supply schedules for the low-skilled labor market in the city of…

A: At the equilibrium, both the quantity supplied and quantity demand will be equal. A surplus arises…

Q: What happened to equilibrium prices and quantities in the market for Audis, which is widely known to…

A: Equilibrium is at the level where forces of supply and demand are equal. substitute goods are the…

Q: 18. Question 18 options: ---------- is the rate at which the market converts one currency into…

A: Exchange rate can be defined as expressing the price of one country's currency in terms of price of…

Q: Why does Pinterest consider Google to be its largest competitor?

A: A company is considered as a competitor when they sell or provide similar goods and services or…

Q: What is the difference between the short-run and long-run production periods? Why is it relevant to…

A: The maximum number of finished goods that can be produced with the given production factors, at a…

Q: Could consumer activism make things better for workers in developing countries? Please explain

A: Consumer activism is a strategy used by activists to try to change the way products are made or…

Q: Question 4 The table gives information from the Current Population Survey. Item Labor force…

A: Ans. 4. The working-age population is the adult population of a range of start working and…

Q: If GDP is 1800 and the money supply is 450, what is the velocity of money?  Show your work.

A: The velocity of money is the frequency at which one unit of currency is utilized to buy…

Q: Que All of the following are fundamental concepts of economics EXCEPT O marginalism. O profit…

A: When talking about fundamental concepts of economics, it can be said that these concepts explains…

Q: The maintenance cost for a sewing machine after one year is expected to be P500. The cost will…

A: Given maintenance cost after 1 year = 500 P Constant increase in cost = 50 P Time = 10 years…

Q: Omputerized Beverage Control Systems Beverage dispensing systems Beverage portion control systems…

A:

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: # demand for full fare tickets:  QF(P) = 120 – 2P. # Marginal cost  MC = $20

Q: P₁ 0 Price 0 €₂ Q₁-Q₂ Quantity Graph (1) ₂ Q₁-Q₂ Quantity Graph (3) O Multiple Choice $₁ graph (1)…

A: Equilibrium is achieved at the intersection of demand and supply curves

Q: Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the

A: Equilibrium Point: The equilibrium point or market equilibrium refers to the point at which demand…

Q: "A higher inflation rate will be built into the expectations of workers and a higher inflation rate…

A: Inflation:- Inflation is the broad increase in a country's cost of goods and services The…

Factors of Production

Factors of production – in simple words means the factors that are used for producing any product or service. This includes the resources which are necessary for the manufacturing of products. Factors of production are also known as the building blocks of the economy.