Explane the stages a bill must go throught to become an Act of Parliament and the main advantanges of the parliamentary law making process in UK .

Q: Assume a competitive firm faces a market price of $60, and a cost curve of: C=0.003q³+50q+750. The…

A: In a competitive market ,  A firm will maximize profit where P = MC  P is the market price  MC is…

Q: n the graph above, the opportunity cost of producing one more robot is A. 1 corn. B. 8 corn. C.…

A: The production possibility curve (PPC) shows the combination of two goods that can be produced with…

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: 4. A history of deposit insurance on the web site of the FDIC notes: "Some have argued at different…

A: Deposit insurance is a government-backed program that provides insurance coverage for depositors in…

Q: True/False  Utility refers to the total satisfaction or happiness that an individual get from…

A: Utility is a term used to describe how satisfied or pleased a person feels after using a product or…

Q: QUESTION 30 According to Adam Smith, the success of market economies is primarily due to: A. The…

A: Adam Smith is considered to be one of the most influential economists in history, and his ideas…

Q: Assume that the following data describe the current condition of the commercial banking system:…

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

Q: What is the difference between the labor intensive production and capital intensive production…

A: Production basically refers to the process of creating goods or services for consumption. It…

Q: Use the black point (plus symbol) to indicate the equilibrium price and quantity of polaroid…

A: Consumer Surplus: Consumer surplus is the net benefits that the consumer receives by purchasing…

Q: A cyclically adjusted budget deficit is also called a: Select one: national budget deficit…

A: Deficit refers to the excess of government expenditure over the government surplus in a year.…

Q: The Marginal Propensity to Save (MPS) is 0.75 and the Marginal Propensity to Consumer (MPC) is 0.25.…

A: Multiplier is a factor by which equilibrium income changes when there is a change in autonomous…

Q: Anna has an income of $1000 this year, and she expects an income of $2500 next year. She can borrow…

A: Formula for the present value is given as: P = F(1+_r)tP : Present valueF: Future valuer: rate of…

Q: Price $50 $40 $30 $20 $10 0 O $2,250 O $500 O $2,500 25 O $2,000 ********** 50 MR 75 MC 100 D 125…

A: Profit maximizing level of output for a firm is the point at which its marginal cost (MC) equals…

Q: Aretail chain will buy 900 cordless phones if the price is $30 each and 100 the price is $70 A…

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

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: The concept of rapid small-scale experimentation allows an entrepreneur to do all the following,…

A: Enterpreneurship refers to one of the ways to start a business with new and innovative ideas that…

Q: Current Spot Rates. Use the table currency exchanges? a. Japanese yen/U.S. dollar exchange rate b.…

A: International Fischer Effect (IFE) gives the relation between exchange rate and nominal inflation…

Q: Which of the following is an inferior good? Group of answer choices toilet paper second hand clothes…

A: Inferior good: When an individual decreases the consumption of a certain commodity as his income…

Q: Assume that a firm’s marginal revenue curve intersects the rising portion of its marginal cost curve…

A: The marginal cost of production and marginal revenue are economic measures utilized to compute the…

Q: Marginal cost is the change in the price of a good for a one unit change in output. fixed cost…

A: Total cost is the sum of fixed cost and variable cost.

Q: Near money means: Select one: They do not function as a medium of exchange but they serve as a…

A: Money consists of coins, currency notes and demand deposits of the bank. It is directly used for…

Q: What is inflationary gap? Select one: When aggregate expenditures are greater than the full…

A: Inflation is said to be the rise in the price of all the available goods and services in the market…

Q: A. Identify the pure-strategy Nash equilibrium/a in the game Pareto efficient strategy combinations.…

A: Game consists of two players : Player 1 & Player 2  Strategy Set of player 1 : { U , D }…

Q: The price of a product was $0.88 in the year 2008 and $1.28 in the year 2018. What is the average…

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

Q: Amira earns $25,000 per year (after taxes), and Amira's husband, Abbas, earns $35,000 (after taxes).…

A: Given:- Amira earning=$25,000 Abbas earning=$35,000 Childcare cost=$12,000 To know:- Amira's value…

Q: If this consumer has $11.00 to spend on cans of beer and slices of pizza in any given week, then…

A: Utility refers to the satisfaction attained from the consumption. The aim of the rational consumer…

Q: What is the elasticity of demand for the following demand curve. Qp = 100 - 0-10p at p = 4 ? O ε =…

A: The elasticity of demand measures how responsively consumers' purchases of a commodity or service…

Q: 1. Increase in budget deficit in closed economy: Investments curve = Savings curve = Interest rate=

A: In a market economy, the price at which a product is sold and the quantity of the product produced…

Q: QUESTION 4 Estimate the selling price per cover, Sales and costs (E0000) 15 13 - Break-even point…

A: Total Sale Value = Price per unit * number of units sold => Price per unit = Total Sale Value /…

Q: QUESTION 10 These are some points on the production possibilities frontier for France written in the…

A: Production Possibility Frontier (PPF) helps us determine all the possibile combinations that we can…

Q: Can someone show me the solution how did they get the equilibrium price and equilibrium quantity? I…

A: Equilibrium in the market occurs where the quantity demanded and quantity supplied are equal at a…

Q: Which of the above 4 graphs best represents the change in the PPF if a tornado destroys part of the…

A: Production Possibility Curve (PPC): The PPC is a curve that shows the resource allocation for two…

Q: Harvey's Hardware is thinking about starting a line of lawnmowers to serve its customer base in the…

A: Introduction The labor force, also known as the workforce, is the total of all people available to…

Q: QUESTION 5 If Asma can produce donuts at a lower opportunity cost than Reem, then O A. Asma should…

A: There is always a trade off among good when a decision is made. Opportunity cost refers to the loss…

Q: Consider the Solow Model. Suppose a country enacts a tax policy that discourages investment, and the…

A: The Solow Growth Model or exogenous model of economic growth that studies changes in the level of…

Q: QUESTION 17 Jalila is planning to sell her house, and she is considering making two upgrades to the…

A:

Q: Question 1. Suppose a small firm employs Capital (K) and labour (L) at its production of output. The…

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

Q: Mr. Dela Cruz wants to invest Php1, 000, 000.00. He decided to invest his money equally to two…

A: Investing one's money can be a challenging but rewarding decision, especially when choosing between…

Q: For every hour up to 40 hours of work each week, Mary earns $16/hour, and for any extra hour in…

A: Labor market income is the income earned by working, that is, by providing labor services to the…

Q: Suppose that the annual rates of growth of real GDP in Econoland over a five-year period were as…

A: The average growth rate across n number of years is calculated as :  {(GDP value in the first year /…

Q: explain two (2) points in briefabout this statement: "price is the determination of Allah S.W.T'.

A: Price determination is the process by which the market determines the price of a good or service. It…

Q: Complete the accompanying table and answer the accompanying questions: a. At what level of the…

A: In the table above, the control variable is "Q" or the level of production or consumption of a good…

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

A: Equilibrium price and equilibrium quantity occur where the quantity demanded and quantity supplied…

Q: The consequences of government intervention O Serve to increase efficiency in the markets O Are…

A: Government intervention refers to actions taken by a government to regulate, influence, or control…

Q: 4. The following model analyzes the impact of corruption activities on the economic growth of 100…

A: Given information Ln PE=2.410+1.367 Ln EX+0.222 Ln ST-0.980 Ln DI-0.3755 D1-0.2799 D2+0.3634…

Q: Recycling Can Contest               City Population Jan Feb Mar Total Per Capita Arvada…

A: In economics, per capita is a widely used measure to describe various economic and demographic…

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: In the context of both positive externalities and public goods, briefly explain why private  firms…

A: Externalities are events that occur on the outside and have an impact on other elements.…

Q: Which of the following statements, all made by a car rental agency, describes an inelastic demand…

A: Price elasticity of demand: It measures the percentage change in the quantity demanded for a 1%…

Q: fee Prices in Saudi Riyal per pound Price in SAR Quantity Demanded (in ‘000 bags) Quantity…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three subparts for…