Explain why used cars offered for sale are different, on average, from used cars not offered for sale.     Please answer correct explain plz asap

Q: In a supply-demand diagram, a real estate market rent control regulation keeps the rent for 1…

A: Rent control is a government policy that sets a cap on the maximum rent that landlords can charge…

Q: After much consideration, you have chosen Salalah over Baku as your Eid Break destination this year.…

A: Marginal costs refers to the cost incurred by consumping one additional unit of the good while…

Q: A researcher is investigating the impact of a firm's capital intensity on its labour productivity…

A: Given the estimated model : LP=190+0.3*CAPIN-31.8*FR+65.4*SE+15.8*UK-25.1*IT Dependent Variable: LP…

Q: Give 5 Different ways or steps to maximize limited resources

A: We as a human deal with the situation of scarcity of resources. Human wants are unlimited and…

Q: what is meant by a recessionary gap and an inflationary gap in the AD/AS model.

A: Introduction The AD/AS Model is a macroeconomic model used to analyze and explain the aggregate…

Q: The "non-core" Consumer Price Index (CPI) is the price index for a. a fixed basket of 300 goods &…

A: Introduction The Consumer Price Index (CPI) is an index used to measure the changes in the price of…

Q: The following table (attatched) lists 2015 GDP per capita for four countries. The data are given in…

A: Purchasing power refers to an adjustment performed on the rate of adjustment in an approach that the…

Q: The monthly demand for ice cream cans being manufactured by Mr. Rivera is 3,200 pcs. With a manually…

A: The study of how to choose economically for engineering systems and projects is known as engineering…

Q: Illustrate the market for peanut butter as a result of the adoption of new technology that reduces…

A: Since you have asked multiple questions, we will provide the solution to only the first question as…

Q: A monopolist is forced to lower its price in order to sell another unit of its product. This…

A: Monopoly is defined as a market structure characterized by only a single seller of the good who…

Q: Which of the above 4 graphs best represents the change in the PPF if the economy decides to place a…

A: Production possibility curve refers to the graph which shows the combination of two goods produced…

Q: Two fishing companies, Company A and Company B, each owns a fishing vessel and both have to decide…

A: Nash equilibrium is a concept in game theory that describes a stable state in a game where no player…

Q: Name the Price James Bond bought a P100,000 par value bond from MI Inc. with a term of 5 years and a…

A: Bonds are a type of debt security that are issued by corporations, governments, and other…

Q: 5.4 For each of the following statements, draw a diagram that illustrates the likely effect on the…

A: Market demand and Supply: In the market for a product, we have the demand and the supply curves. And…

Q: A consultant who earns $ 100 per hour takes 4 hours off work to go to the movies. The out – of-…

A: Total cost refers to the sum of Fixed and variable cost. Fixed cost is the cost that remains same at…

Q: If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between…

A: A competitive firm is a business that operates in a highly competitive market, where there are many…

Q: Consider an individual aged 64 who is eligible to collect full social security (public pension)…

A: Given information Public pension= $6000 annually Maximum available time=52 weeks Wage rate per…

Q: + 50. What is the equation for marginal cost? At what point is marginal cost minimized?

A: C = Q3/3  - 3Q2 + 15 Q + 50  The marginal cost(MC) is the additional cost that is incurred by the…

Q: what would be the present value of the bond if the bond has 3 years to maturity instead of one?…

A: The present value formula is used here:  P = F/(1+R)t P : present value F : future value  R : rate…

Q: Price and cost (dollars) P P LR 0 Long-run Adjustment of Firm Size SMC, SAC, SMC₂ SAC₂ SMC Q₂…

A: In economics, total profit refers to the amount of money that a firm earns after accounting for all…

Q: Illustrate the market for peanut butter chips after a major hurricane hits the peanut-growing south?

A: The market reaches equilibrium where quantity demanded is equal to quantity supplied.

Q: To investigate the impact of wage on the number of workers employed two models of labour demand are…

A: In a linear model with 2 explanatory variables tells that how the dependent variable is related to…

Q: 2. A construction firm plans to purchase new excavator. I wo manufacturers offered to the company…

A: Annual worth refers that net of all the benefits and costs incurred over a period of time , here we…

Q: QUESTION 4 what is the present worth of $1735 in year 1 and amounts increasing by $172 per year…

A: Formuala for the present value is given as: => P = F(1+r)tP: Present value F: Future value r :…

Q: A tax on sellers will shift the O demand curve upward by the amount of the tax. demand curve…

A: Demand curve shows different levels of quantities demanded at different prices. Supply curve shows…

Q: a. If Jason wishes to produce the most output with the finances ($5000) available, how much labor…

A: a)Under the lagrangian (l)  maximise q  subject to the 5000 = 20L + 100K  l = 10L0.1K0.9 + a ( 5000…

Q: Your client is 32 years old. She wants to begin saving for retirement, with the first payment to…

A: Given Client's age = 32 years Annual payments, P= $11,000 Interest rate, r=9% Let us assume she…

Q: An increase in the supply of grain will reduce the total revenue grain producers receive if the…

A: Elasticity quantifies how responsively a good's supply and demand are to changes in factors like…

Q: What is the difference between a loan and an investment? A. Investments are not made to sole…

A: The key difference between the investment and loan is that, the loan amount is considered as…

Q: Suppose the demand and supply curves for eggs in the United States are given by the following…

A: Market equilibrium: At the market equilibrium we have demand equals to supply. Or at market…

Q: Part II: Multiple Choice Questions Q1. Real estate is property, which can be either a tangible or an…

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

Q: Specialization and trade When a country has a comparative advantage in the production of a good, it…

A: Production possibility curve is a graphical representation that shows various combinations of two…

Q: In which community is poverty likely to be the worse?

A: As one of the most pressing issues facing our world today, poverty affects millions of individuals…

Q: Which of the following graphs represents the supply for peanut butter if the cost for peanut…

A: Demand and Supply In the field of economics, demand is defined as the willingness and capacity of…

Q: Q12. In efficient financial markets, unregulated competitive bidding should bring about the most…

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

Q: $175, and $200 per scooter. TOTAL REVENUE (Dollars) 2610 2430 2250 2070 1890 1710 1530 1350 1170 990…

A: Demand refers to the willingness to buy a good or service at the market price backed by the…

Q: 1. An article in the Economist observes: "Insurance companies often suspect the only people who buy…

A: Insurance is a type of risk management that involves the transfer of the risk of financial loss from…

Q: Buffy is thinking about opening an amulet store. She estimates that it would cost $1000 per year to…

A: Opportunity cost is the value of next best alternative for the resources.

Q: c. What is the opportunity cost of moving from point A to point B? d. What is the opportunity cost…

A: Note: “Since you have posted a question with multiple sub-parts, we will provide the solution only…

Q: A market is contested by two firms, A and B, who compete in selling a homoge- neous good. Market…

A: Market demand function : Q = 240 - 3P Inverse demand : P = 80 - 0.33Q MC for firm A = 20  Cost…

Q: ABSOLUTE ADVANTAGE & COMPARATIVE ADVANTAGE Q.6. An average worker in brazil can produce an ounce of…

A: Absolute advantage refers to the ability of the country or individual to produce the good in less…

Q: If a competitive firm is selling 500 units of its product at a price of $8 per unit and earning a…

A: Perfect competition: A firm in the competitive market is a price taker because it has large number…

Q: 28) If the government puts a $2 excise tax on a product and as a result, price rises by $0.75, 28)…

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

Q: Solve for the Equilibrium Situation A B C D E Price and Equilibrium Quantity ( Price Quantity…

A: Equilibrium in the market occurs when the quantity demanded and quantity supplied are equal to each…

Q: Define rate-of-return relative to medical school education

A: Economics rely on an approach of the rate of return instead of physician to population ratio to…

Q: 1. Resource X is necessary in the production of good Y. If the price of resource X decreases A. the…

A: First of all, we need to understand the difference between the change in quantity demanded and the…

Q: A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s)…

A: In the perfectly competitive market there are many firms and in the monopolistic market there exists…

Q: QUESTION 21 20 18. 16. 14. 12 10 S 6 4 Chile's Production Possibilities Frontier soybeans (in…

A: 21) The production possibilities curve (PPC) is a graph or a figure that depicts all the possible…

Q: uppose that there are three beachfront parcels of land available for sale in Astoria, and six people…

A: Willingness to pay (WTP) refers to the maximum amount of money an individual is willing to spend for…

Q: J&M Manufacturing plans on purchasing a new assembly machine for $30,000 to automate one of its…

A: The Payback Period helps the company to determine the amount of time needed to recoup the initial…