Explain the law of diminidhing returns whith a relevant example

Q: The US space budget is $24billion. Why do countries spend so much money on space research?

A: spending money is not important as long as we get the benefits from it . Economically ,a huge…

Q: Both moral hazard and demand inducement place us on a _____ medical system.     a.…

A: Introduction Moral hazard shows to the behavior of a person or firm which may change after buying an…

Q: Noah walks past the same pharmacy every day. He realizes the pharmacy always changes its prices on…

A: Demand - it refers to the quantity of a good that a consumer is able and willing to purchase during…

Q: In Chapter 6, we said that taxes create deadweight losses. When we tax goods with external costs,…

A: Deadweight loss is the decrease in total surplus when socially efficient quantity is not produced.

Q: Explain the following graph in detail. Remember you're reading the points on the graph and…

A: Here, the given graph shows the supply curve and explains the link between price and quantity…

Q: Imagine that a dairy farmer is willing to provide milk to the market on the basis of the supply…

A: Supply curve shows different combinations of quantity supplied and prices. Subsidy increases…

Q: Part 2 : You are examining a firm that is under a perfectly competitive market. Show all necessary…

A: Some of the basic concept that is necessary to solve the above problem: Profit = Revenue - Total…

Q: What factors have led to the dominance of the banks? Prove explanations in detail with an example

A: Banks are the authorities that enable flow of money by lending and depositing money of the people.

Q: Suppose 10 units of a good are sold when the price is $2 per unit, and 14 units are sold at a price…

A: Price elasticity of demand measures how much the percentage changes in quantity demand occur when…

Q: Harry's indifference curve for popcorn (X1) and butter (X2) is U-min(X1, 3X2). Sketch two…

A: We have two statements which could be true or false and one is for plotting the Indifference curve.

Q: The following graph is called the monetary trilemma for open economuy. Please explain the current…

A: The trilemma is a financial hypothesis, which places that countries might browse three choices while…

Q: How and why does a firm’s average total cost curve differ in the short run and in the long run?

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

Q: Consider the Cobb-Douglas production function: 1. Derive the conditional input demands. 2. Derive…

A: Answer to  question 1 is:

Q: Provide 4 examples of goods/services that are classified as private goods/services even though they…

A: Introduction Goods or services that are considered private goods or services but are provided by the…

Q: Consider the Cobb-Douglas production function: 1. Derive the conditional input demands. 2. Derive…

A: Given  Production function: f(x1,x2)=Ax1αx212-α                ... (1) Let P1 and P2 be the input…

Q: Which of the following would NOT lead to an increase in equilibrium Y*? Select one: O a. A downwards…

A: Y* is the sum of consumption spending, investment spending, government spending, and net exports.

Q: developmen ct one: a increases in per capita real GDP measured by its rate of change per year. b.…

A: The word sustainable means maintaining balance.

Q: happens to inflation and loyment during (i) contraction a ion phases of an economy? Exp

A: An econoic recovery is the period of the business cycle following a downturn. The general business…

Q: Find positive numbers x and y such that x + y = 72 and 6xy² is maximized.

A: In order to maximise a function, differentiate the function with respect to its variable and then…

Q: What help was provided by the Dodd-Frank Act?

A: Dodd-Frank is a law that aims to improve financial sector accountability and transparency, put an…

Q: Describe the FOUR classical types of potential market failure, in detail, and provide examples of…

A: In the free market, market failure is characterized as an inefficient allocation of goods and…

Q: You want to start saving for your 10 yr old son. If i=6% compounded quarterly, how much would you…

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: When you take your job, you decide to start saving for your retirement. You put $5,000/yr into the…

A: Monthly investment A= 5000 Rate of interest = 8% / year We have to calculate the amount of total…

Q: f the current unemployment rate is 8% and the natural rate of unemployment is 6%, what do we know…

A: The natural rate of unemployment is the lowest level of unemployment that an economy can sustain…

Q: Two countries, Canada and Mexico, produce only two goods: skis and sombreros. The table gives their…

A: We have given production possibility schedules for Canada and Mexico country.  According to the law…

Q: nount of commercials that could be ed during children's television shows, fectively reducing the…

A: Price Elasticity of Demand: Price Elasticity of demand is the degree of responsiveness of % change…

Q: Fred Corp. is considering a project that has the following cash flow data. What is the project's…

A: The internal rate of return (IRR) approach is used to calculate the discount rate at which the…

Q: Suppose the demand for football tickets at a local college is Q=70,000-500P and the supply of…

A: Equilibrium is measured at the point where demand in the market comes equal to the supply in the…

Q: in the production process is central to why th The role of States is rich and most of the rest of…

A: Land, labor, capital, and entrepreneurs are factors of production for any nation. These factors help…

Q: A firm's long-run total cost curve is TC(Q)= 1000Q - 30Q² + Q³. Derive the expression for the…

A: Average cost refers to total cost per unit of output. Marginal cost refers to change in total cost…

Q: Suppose that due ot a fiscal stimulus, there is an increase in disposable incomes of $100 billion in…

A: Here, it is given that the disposable income is $100 billion from which $33 billion is spent on…

Q: Question 4' A firm's long-run total cost is TC(Q)=402-10Q²+Q³. Over what range of output does the…

A: Total cost of production is the total expenditure incurred by the firm on the factors of production…

Q: at its potential GDP? O Only structural unemployment as a result of technological changes will exist…

A: GDP is the gross domestic output of the country that it has produced in a given period of time.

Q: If an innovation methodology is probabilistic and it yields profit equal to £10 m with probability…

A: The expected value is the summation of the product of the outcome and the probability of that…

Q: Price of wine Price of coffee 2021 $5 $5 2022 $9 $6 Assuming that wine and coffee…

A: Inflation basically refers as the rate at which prices rise over time. Inflation is usually defined…

Q: Based on the following data for Al-Aqsa Company: (5 Marks) - Price = $10 - Average total cost = $6 -…

A: Average total cost is the ratio of the total cost to quantity. The rise in total cost causes the…

Q: Moe divides his time between studying Physics and studying Economics. His production possiblemes…

A: (PPC) is a chart that shows every one of the various blends of result that can be delivered given…

Q: What is monopolistic competition?

A: The process through which buyers and sellers agree on the price and quantity of goods to be…

Q: The central bank decided to raise interest rates when it wanted to reduce aggregate demand to fight…

A: Introduction Central bank is the head bank of the country all the commercial bank and public sector…

Q: An interest rate of 21 percent per year, compounded every four months, is equal to what rate per…

A: Here, given information is, Interest rate (r): 21% Compunding (n): in every 4 months To find:…

Q: 2. Suppose an economy begins in steady state. By what proportion does per capita GDP change in the…

A: The measure that depicts the final value of goods and services being produced in an economy during a…

Q: Q2 Hand written plz Find any Nash equilibria in the following normal form game and indicate which…

A: We have 4 ×4 simultaneous move game for two players 1 and 2

Q: Nominal GDP for year 1 is equal to:

A: Inflation means the rise in the price level of goods and services over a period of time. Inflation…

Q: None of the aforementioned. where the markup of prices over costs is zero. where the markup of…

A: Types of Unemployment: Unemployment divided into three broad sections: structural - when there is a…

Q: Chloe is a chef who runs a niche food delivery business in a competitive industry. Chloe specializes…

A: In response to the demands of consumers for various goods and services, a market that is competitive…

Q: fice building is expected to produce the initial net operating income (NOI) of $10 at time 1. The…

A: Introduction: In the question, it is given that the new office building is producing an initially…

Q: 2006 2007 ey supply 1000 1050 city 8.0 8.0 GDP 12000 12000 1 the price level for 2006 and 2007. What…

A:

Q: COSTS OF $ $10,000 per year. It will also have major repairs Costing $80,000 that occur at years 10,…

A: The equivalent annual cost (EAC) is the annual cost of owning, operating, and maintaining an asset…

Q: hand written plz Which of the following are macroeconomic issues? (Select all that apply.) Where…

A: We have 4 different statements amount which some are related to Macroeconomics issues.

Q: A. The RBA (Reserve Bank of Australia) is concerned about the trend since the early 2000s of a 75%…

A: Introduction Question related to the topic study of economics among students.