1.Which inputs are used in production and which type of income does each of them receive?

Q: Which of the following are the tools in the Fed’s toolbox? Check all that apply. a) repurchase…

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

Q: IF YOUR GRANDMA WISHES TO PROVIDE P40,000.00 TO YOUR YOUNGEST BROTHER ON HIS 21st BIRTHDAY. HOW MUCH…

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Q: 1 Example 1: Let y = F(l, k) = 13k2 be the production function, p = 30, w = 10, and r = 5. maximizes…

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Q: In the classical supply curve case, monetary expansion will Multiple Choice O increase P. lower i,…

A: In the classical theory economists main focus is on a sole factor - interest rates. The interest…

Q: If personal taxes were decreased and resource productivity in short run increased simultaneously,…

A: Here, according to the given information, it can be said that a decrease in personal taxes will…

Q: Label the graph in Figure 1 with all of the parts of the business cycle.

A: A business cycle will be reflecting the fluctuations in the Gross Domestic Product (GDP) around its…

Q: 8. The confederation's proposals were rejected and, in 2000, the French government attacked the…

A: The reduction of minimum wage confederation is rejected Government started a new policy of 35 hours…

Q: PRICE (Dollars per used textbook) 240 200 160 Jake 0 0 1 B A Latasha O Nick 0 Rosa 0 □ Tim 4…

A: Producer surplus is the area below price and above supply curve.  Consumer surplus is the area below…

Q: QUESTION 9 George runs a very large confectionary factory where he makes all kinds of products…

A: The Coase theorem postulates that when property rights are clearly defined, perfect competition…

Q: A positive balance of trade is when:     A. imports are greater than exports   B. exports are…

A: The balance of trade refers to the difference between the monetary value of a country's exports and…

Q: The following cash flows result from a potential construction project for your company: Receipts of…

A: The given data is as follows: Receipts:   At the start of contract=$545,000  At the end of…

Q: in economics, what are the following ⦁ the aggregate supply (AS) curve in the immediate short run.…

A: Aggregate supply curve is the total product produced in the economy in terms of monetary value. AS…

Q: v) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…

A: Given  Pizzas and soda is consumed in fixed proportion as 3 pieces of pizzas with 2 cups of soda.…

Q: A monopolist's inverse demand function is estimated as P=100-2Q. The company produces output at two…

A: Marginal revenue is the concept of a firm sacrificing the opportunity to sell the current output at…

Q: Suppose that the money demand equation is (M/P)d = 600 − 75r   where r is the real interest rate…

A: Given  Real money demand function: MdP=600-75r           ....(1) Nominal money supply: M=$900.…

Q: Discuss the factors that contribute to economic growth.

A: When talking about economic growth, it can be said that it is the economic situation when an economy…

Q: Michael works in communications. On December 31, 2017, he bought an existing business with servers…

A: ANSWER: 1)  Gross investment = $500,000      depreciation = $200,000      Net investment = 500000 -…

Q: 2. PR sells phones for £400 and has observed a recent drop in sales from 1,500 units a month,…

A: 2) The question states the impact of reduction in price of phones of competitor on the sales of the…

Q: Suppose you have preferences for pizza (z) and soda (d). The price of pizza, pz = 5.00 and the price…

A: As per our policy, only solutions to the first three sub-parts are given here. If you want other…

Q: The US and Peru are the only countries in the world and they both produce cars and haircuts. The…

A: GDP is the gross domestic product.  It shows the total value of goods and services produced in a…

Q: Foreign payments to capital, labor, and land owned by domestic entities minus payments to factor…

A: Since Gross National Product (GNP) is the sum of the monetary value of all final goods and services…

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Q: to maintain a bridge P3000 will be required at the end of 6 months and monthly thereafter if money…

A: Given data:- Maintenance cost -P3000 1st maintenance - after 6months  2nd maintence and then at…

Q: 1. Using the following table (hypothetical U.S. National Income and Product Accounts Data), choose…

A: Here we are given US national income and product account data and we will use these numbers to…

Q: Which axiom of choice do Lexicographic preferences fail to satisfy?

A: Lexicographic orderings or preferences in economics refer to comparative preferences where an agent…

Q: In early 20th century, cars like the Ford Model T started to be mass produced and sold to the…

A: Price elasticity of demand refers to the responsiveness of demand with respect to the change in the…

Q: What is the effect of a fall in the real interest rate on the demand for loanable funds? A fall in…

A: The demand curve is the graphical representation of demand schedule.    The demand schedule is the…

Q: Consider an economy that is initially in long-run equilibrium. Assume that the long- run aggregate…

A: Over the long run, Economy is at full employment condition. The change in the demand or supply might…

Q: wo power plants operate in the same town. Each plant currently emits 7 tons of emissions per wear or…

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

Q: Question 2. Entry Game. Consider the following entry game: There are two periods: Firm I is in the…

A: Given information Demand curve of the firm P=140-Q Fixed cost=$1200 MC=$20 Pm=$80---- Monopoly price…

Q: 6. Suppose the production function takes the form Y = AK0.5 10.5. Two countries (1 and 2) share the…

A: Here we are given the production functions of 2 countries. Which explains that the output of the…

Q: Round up the answers to the nearest hundredths. Suppose that business travelers and vacationers…

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

Q: The economy is in long run equilibrium. Congress’s passage of new laws significantly increasing the…

A: Note: You have uploaded multiple questions at a time. Hence, we shall answer only the first one for…

Q: Use the following graph (the upper demand curve) and explain how TWTP (willingness to pay) and TB…

A: We have show from a graph As the source decreases from q2 to q1, the TWTP decreases by area a+b.…

Q: The key to poverty eradication in China is rural development, Explain the three essential policies:…

A: As of February 25, 2021, China had successfully eradicated extreme poverty among the final 98.99…

Q: 5. Motorcycle shop A sells brand new motor bikes at Php42,250 less 10%. Shop B, on the other hand,…

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Q: The equilibrium price is $ and the equilibrium quantity is The buyer's reservation price is $ and…

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

Q: 2. Assume the demand for a product is given by q = f(p) = 150-p a) Find the elasticity function in…

A: Elastic behavior is a term used in economics to describe a shift in buyers' and sellers' behavior in…

Q: Partial equilibrium and supply curve: Explain Sraffa’s critique of the Marshallian industry supply…

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A: By fully or partially converting the excess of the customer, price discrimination is an effective…

Q: In 2012, the Scottish government introduced a 50 pence minimum price for a unit of alcohol. [One…

A: The minimum price at which one standard drink can be offered for sale or sold is the minimum floor…

Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…

A: Here we are given total utility of consumer which depends on 2 goods x & y. And hence we will…

Q: Until recently, hamburgers at the city sports arena cost $2.80 each. The food concessionaire sold an…

A: The demand function shows the functional connection between the Quantity demanded of a commodity and…

Q: Which of the following would properly be classified as an unfavorable supply shock?   a)The interest…

A: A supply shock is an unexpected event that changes the supply of a product or commodity, resulting…

Q: hat are two key problems that arise for the modern marginalist theory of the firm when the firm has…

A: The constant return to scale: An economic condition known as a constant return of scale occurs when…

Q: Yulia's annual demand for home-delivered coffee beans is given by MWTP(Q) = 500 - 5xQ, where Q is…

A: Given  Maximum willingness to pay MWTP(Q)=500-5Q       ........(1) Price of coffee beans =$400 We…

Q: Suppose a country has a capital-output ratio equal to 10, a savings rate equal to 20% of GDP,…

A: Production Function : Y = Ka (EL)1-a  capital-output ratio = 10 Savings rate = to 20% of GDP

Q: Consider a geometric series of cash flows that begins at time 5 with a cash flow of $5,000. Cash…

A: At Year 5, Cash Flow = 5,000 series increase by 7%  total 9 cash Flows in gradient series FV at Year…

Q: Q4. Current demand for apples in a city is 1000 boxes per week. In the city, price elasticity of…

A: The price elasticity of demand measures the responsiveness of percentage change in quantity demanded…

Q: The market equilibrium is represented by the equation 3p +7X-23 where p unit price $/unit and X…

A: Answer to the question is as follows: