Discuss how race, citizenship, and gender intersect with economics and those intersections affect people’s lives. What problems do you notice?
Q: something that could go wrong during te municipe O NIMBYISM- the community does not support the proj...
A: Investing in and developing undeveloped land is one of the riskiest yet most rewarding commercial re...
Q: why do technological improvements only increase population and not the long-run standard of living?
A: In an economy, technological improvement refers to the situation when their is an enhancement in the...
Q: how does the production theory and concepts affect revenue
A: Production is the process of transformation of inputs into output with use of services of factors o...
Q: > Suppose a firm's production function is: Q = LK2 Find points and draw isoquants for Q1 = 10, Q2 = ...
A: Q=L12K12Q1=10 L K 5 19.89 10 9.99 20 5.01 25 4 50 1.98
Q: What exactly is "civil liberties controversy"?
A: Answer -
Q: If the elasticity of demand is -0.8333 and the Price of the good is 65. What is the MR? 108 O 143 17...
A: Marginal Revenue is the cash a firm makes for each extra deal. As such, it decides how much a firm w...
Q: 9. If 4 million people are unemployed in a county, and the size of the labor force is 25 million peo...
A: According to the question: Number of unemployed people= 4 million Size of labor force= 25 million Un...
Q: What would be the effect of an unexpected increase in the price of oil on a graph showing aggregate ...
A: In an economy, aggregate demand and aggregate supply curves are the graphical representation of the ...
Q: Candy is a Year 4 full-time undergraduate student majoring in marketing at a private university in H...
A: Given; The constant average salary earned by the graduates of her programme= $14000 If she joins a c...
Q: QUESTION 13 International Trade is a substitute for: OA. Many kinds of government rule. OB. The move...
A: International Trade: The term international trade refers to the trade when goods and services are so...
Q: Economics Question
A: In an economy, employer provided health insurance is the insurance coverage of the employees for whi...
Q: (a) Write down the expression of the profit function of the firm if its total costs (TC) are giv TC ...
A: Profit function is a mathematical relation between firms total profit and output. Cramer's Rule is a...
Q: In a simple model without government spending or taxation, if C = a +bY where C is consumer spending...
A: C=a+bY where a is the autonomous consumption i.e. even at zero level of income there will be some am...
Q: 4. Some economists believe that the CPI overstates inflation compared to the GDP deflator due to: a....
A: The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay fo...
Q: Looking at the lessons of the East Asian Development Model, which claim is not true: -Over time eco...
A: The East Asian model, which was pioneered by Japan, is an economic growth strategy in which the gove...
Q: How do we proper manage economy especially to adverse or international economic shocks?
A: Economy An economy is a complex system of interrelated production, consumption, and trade activities...
Q: 7. Libby: "The unemployment rate went up between May and June of 1991." Michael: "The number of peop...
A: Unemployment includes those people who are looking for jobs but are unable to secure them. Unemploym...
Q: Given that MPS = 0.5, what is the increase in real GDP from a $100 bllion rise in invetment? $100 bi...
A: As per question, MPS=0.5. Let increase in real GDP be represented by ∆Y. "Increase in investment is ...
Q: 3. Consider the utility function u(x, y) = - (v41) (a) Find the equation for the marginal utility fo...
A: Answer-
Q: When you are with a young child and want to show them something fun and new, there is the risk that,...
A: Answer -
Q: What are the major determinants of price elasticity of demand? Use those determinants and your own r...
A: Elasticity of demand is a very important concept used by business firms to determine the level of pr...
Q: ick on the items on the left to read a description. Then, drag each item to the correct implication ...
A: The government takes several measures in order to enhance the export and overall trade of an economy...
Q: Read the statements VERY carefully! Which of the following statements is true? According to Okun's l...
A: When product is put into the production process, cost such as fixed and variable cost would be requ...
Q: You believe that a corporation's dividends will grow 5 percent on average into the future. The corpo...
A: The information given is:- Dividend paid per share = $5 Current price of stock = $75 Average growth ...
Q: QUESTION 19 The competitive market price of long-haul trucking is $3 per ton-mile. Red Raider Trucki...
A: Answer: Given, Total cost function: TC=29.6875+1.75Q+0.025Q2 Marginal cost function: MC=1.75+0.05Q P...
Q: Many economists believe that some wages and prices are "sticky downward" , meaning that these wages ...
A: Answer -
Q: How is education level impact the lives of consumers?
A: Consumers are the people who make purchases. For a business organization, it is very important to un...
Q: I 1)find i* that satisfies this equation 0 = - 40,000 + 8000(P/A,i*,5) + 8000(P/F,i*,8)
A: Formula used: (P/A, i, 5) = (1+i)n -1i(1+i)n (P/F, i, 8) = (1+i)-n
Q: In an OLG economy, each generation is able to achieve balanced consumption pattern with the help of ...
A: "Correct option is C."
Q: A university planner is interested in determining the percentage of spring semester students who wil...
A: Size of pilot sample = 160 Number of students who return to summer school =48 Confidence level =95%
Q: Explain briefly what the consumer price index tries to measure?
A: The CPI is a weighted average of prices for various consumer goods and services, such as transportat...
Q: Give ways/ideas that the international community can establish to boost women’s empowerment in decis...
A: Answer -
Q: The graph represents consumption (C) as a function of disposable income (DI). Assume the consumption...
A: We have: DI represents disposable income C represents consumption. ------------------- According to ...
Q: What's the taxable equivalent yield on a municipal bond with a yield to maturity of 3.5 percent for ...
A: Taxable equivalent yield The tax-equivalent yield is basically the rate of return required for a tax...
Q: If the quantity demanded of bananas decreases by 5% when the price increases by 10%, demand is Group...
A: Answer: Introduction: When the percentage change in quantity demanded is greater than the percentage...
Q: Consider the following payoff matrix for a simultaneous move game. PLAYER 2 Strategy R U (10,5) (10,...
A: Given Game Dominated strategy which player never wants tp play irrespective what opponent plays.
Q: For each of the regions, use the midpoint method to identify whether the supply of this good is elas...
A: As per the figure in question, at point Y: price is $135 per unit. Let this be represented as P0=$13...
Q: Consider a perfectly newspaper market with identical firms, each with the usual shaped cost curves. ...
A: There are no monopolies in a free market paradigm. According to the theory of perfect competition, t...
Q: What is the difference between the explicit and implicit cost
A: Cost In popular use, cost refers to the monetary worth of products and services purchased by produce...
Q: Person D is offered a the same game, for a price of £1.8. They decide are indifferent between partic...
A: A risk netrual person wil always be indifference between taking a lottery and not taking one. He is...
Q: The Fed chairman pursued aggressive policies to tackle the problem of unemployment. As a consequence...
A: Answer -
Q: 26. When as a result of decrease in price of good, the total expenditure made on it decreases we say...
A: "Correct option is A."
Q: Answer cannot be determined To the right To the left
A: When the Fed purchases government securities, the quantity of money supply increases in the Economy....
Q: The demand for bicycles is given by the equation: Q = 1000 – 5P - There are currently 100 identical ...
A: Given information Market Demand function Q=1000-5P Firms Cost functionC=252q2+20q+50 There are 100 f...
Q: If a company is running short of funds and they want to increase revenue. Should you increase or dec...
A: When the firm runs short of funds then increasing revenue is the best way to fulfill fund requiremen...
Q: Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic cons...
A: Gross Domestic Product (GDP) is the value at the current market prices of all FINAL goods and servic...
Q: A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the p...
A: Original CPI=185.4Current CPI=210.7Now,Par value=Current CPIOriginal CPI×1000Par value=210.7185.4×10...
Q: This exercise applies the basic Ricardian model of one factor and two goods. The table below contain...
A: "Correct answer is option A."
Q: You own a printing firm. Two of your senior managers provide you with advice. The first manager stat...
A: The profit-maximizing point is: MR = MC Profit = TR - TC
Q: Final goods or services used to corpute GDP refer to the value of outstanding shares of stock of man...
A: The measure that depicts the final value of goods and services being produced in an economy during a...
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- Positive or Normative?How relevant is economics in our everyday lives?Much of modern economic thought believes people to be, generally speaking, rational and self-interested. What do these two concepts mean and why are they core to our modern understandings? Please write a paragraph and answer about it.
- Economics affects nearly everything we do in some way. Someone else has produced most items we consume, or use, in our daily lives, from food to clothes to music to gas for our cars. Chances are, when we purchase these daily items, we don't question the price with the producer. But in the United States, the interactions between the consumers and producers determine quite a lot in terms of business and economics. Think about the items and services that you and your family buy or consume. What causes you to pay the prices that you do for these goods and services? What determines the price that's on the price tag? What goes into determining, or setting, that price? Consider all the possible elements that could influence the prices you pay.What is the importance of studying economics? Give an example how it can help you.Economics questions