Q: Desmond works as an accountant making $80,000 per year. He is considering leaving his job to open an…
A: After taking into account both explicit and implicit expenses, economic profit is the amount of…
Q: 0. Marta purchased a sweater for $15.67, a pair of ocks for $2.13, and a bracelet for $6.78. For all…
A: The sale tax is imposed on the sale of commodity. It raises the price of commodity.
Q: Questions 3. For each of the following production functions, determine whether it exhibits…
A: "In economics, production function indicates the relationship between the factor inputs used in the…
Q: Indicate whether the statement is true or false, and justify your answer. 1. The internal rate of…
A: The internal rate of return (IRR) is a measurement utilized in monetary examination to gauge the…
Q: 1.Diminishing Returns to Capital and Real Wages. Explain why this statement is wrong: "Since capital…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A secluded off-ramp on a highway through the Prairie of Prax has two gas stations, the only gas…
A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for…
Q: If the required reserve ratio is 25 percent and the Fed buys a $20,000 security from a depository…
A: The money supply is the total amount of money in circulation in a given economy. Currency, printed…
Q: ional ignorance in voting comes from: A. externalities that lead to an excess supply of information.…
A: Rational ignorance is forgoing getting information when the alleged expense of teaching oneself on…
Q: Refer to the graph shown. Assuming that this monopolist maximizes profit, the marginal cost of its…
A: The monopolist is only single seller in the market. The profit is maximized where the MR=MC.
Q: what do you know about the Role of Indonesian Cooperatives in the National Economic Development…
A: Cooperatives are people-centred enterprises owned,controlled and managed by their members. It works…
Q: Is the owner of a bank considered part of the bourgeoisie class?
A: Capitalist economy: - it is that economic system where the price, quantity, and types of goods and…
Q: •TO WHAT EXTENT DOES GLOBALIZATION LEAD TO PROSPERITY FOR ALL?"
A: When talking about prosperity for all, one is trying to capture the positive side of the…
Q: A car industry invested $20,000 in cars with a 3-year useful life. The cars will have no salvage…
A: Net Present Worth, or NPW, refers to the difference between present worth of cash inflows and the…
Q: The ongoing war between Ukraine and Russia has disrupted the wheat supply in the world market. If…
A: 1st option is correct - Total revenue will increase.
Q: Suppose that the euro is trading at $1.15 per euro in the foreign exchange market. Next, suppose…
A: In the international market it is given that the current exchange rate is $1.15 per euro, and there…
Q: Question 82 An important lesson of price discrimination is that: price discrimination will always…
A: Price discrimination is a selling procedure that charges clients various costs for a similar item or…
Q: You own a road resurfacing business called Rockit Asphalting services located in Kingston. You are…
A: Given Demand function: p=20-q ... (1) The cost function: c=q2 .... (2)…
Q: In a monopoly, what will be your economic profit if you produces where marginal revenue equals…
A: "A monopoly firm is a sole seller of a product or service. A monopolist is a price maker and can…
Q: Consider the following extensive-form game under perfect information: pl/1 R pl/2 pl/2 (4,2,2)…
A: We have sequential move game for 3 players. Where player 1 moves first, then player 2 moves and in…
Q: A secluded off-ramp on a highway through the Prairie of Prax has two gas stations, the only gas…
A: Here, two gas stations have to make a choice between high price or low price according to the given…
Q: Machine X has an initial cost of P 45,000, annual maintenance of P 2,250 per year, an no salvage…
A: Given Initial cost of machine Y (FC) = 90,000 In the first year, zero maintenance cost In the…
Q: In an imperfect market, individual firms: a. are always able to set the price of their product.…
A: In business and economics, a market is defined as where the sellers and consumers meet to facilitate…
Q: 50-hp turbine pump was purchased for $2100. If the exponent in the cost-capacity equation has a…
A: Estimating costs is a very important economic activity and just like different economic activities,…
Q: 7. What price should you charge to maximize profit? How much profit would this product generate in a…
A: Profit maximization is essential for a company's existence and growth. Wealth Maximization, on the…
Q: Do ROR finding using WolframeAlpha. A) What are the (rational; non-imaginary) roots you have found?…
A: Given information and For cash flow 1 Initial cost=100 Revenue=110 Time = 1 year For cash flow 2…
Q: Is the demand curve similar internationally and domestically?Will a change in price drastically…
A: Demand Curve Demand refers to the quantities of the commodities that the buyers are ready to buy at…
Q: d. How much output does each firm produce in the short run? How much profit does each firm make? f.…
A: Introduction We have given demand and cost function of a competitive market. d) Cost function: Short…
Q: Demand management policies do not matter for growth in the long run as long as there is productivity…
A: Demand Management coverage The economic and economic coverage controls are referred to as the…
Q: National Powers ? Which power best completes this diagram? A. Create courts B. Declare war C.…
A: The ability of businesses, countries, or individuals to improve their standard of living in the…
Q: Price ATC D ab cd Quantity If the firm depicted in the graph above is attempting to maximize profit,…
A: Monopolistic competition is a market arrangement in which numerous large sellers compete for the…
Q: Which of the below statements DOES NOT capture what Charles Wheelan has expressed in chapter 6…
A: The summary of chapter 6 Productivity and Human Capital of Naked Economics is as follows : Human…
Q: This is the answer.. plz write in hand written
A: As asked the hand written answer is provided below.
Q: Based on the information on the preceding graph, you can tell that producer surplus in this market…
A: The surplus that depicts the difference between the amount at which the producer is willing to…
Q: How any coffee shop could be CSR?
A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…
Q: The graph below displays the short-run cost curves for Paola's Pears, a small farm competing in the…
A: perfect competition market is the form of market where large numbers of sellers and buyers exchange…
Q: (Table 12.6) Payoffs represent profits in thousands. Fruit of the Loom T-Shirt Price $8 $6 Hanes T-…
A: A Nash equilibrium is such an outcome in which neither of the players have an incentive to change…
Q: 8. Refer to the T-account below for the following questions. Assets Liabilities Loans $32,000…
A: Here, the given T-account shows information about deposits, loans, required reserves and excess…
Q: What could be the measures to correct disequilibrium in the balance of payments?
A: Depreciation is a term that refers to a rise in the price of a foreign currency or a decrease in the…
Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…
A: Payment made quaterly = $5000 The time period for which the payment was made = 10 years Interest…
Q: 2. Answer the questions below using the cost curves for the price-taking firm shown in the following…
A: "A price-taking firm represents a firm in a perfectly competitive industry. Firms in this industry…
Q: Which of the following cost relationships is incorrect? a. APL=TP/L b. TVC= TC-FC c. MC=change in…
A: Total cost is the sum of Fixed cost and variable cost. Fixed cost remains same at all levels of…
Q: Consider the simple economy that produces only three products. Use the information in the following…
A: The Consumer Price Index (CPI) is a measure of an economy's overall price level. The CPI is made up…
Q: elevator system for a 15-yr old high-rise office building cost P 18M when first installed. The…
A: Given, Initial Cost = 18M = 18000000 Salvage value = 1,800,000 (10% of Initial Cost) Useful Life…
Q: Supply and Demand Graph $6.00 Price (per slice) 1 $5.00 $4.00 $3.00 $2.00 $1.00 Demand 100 0 50 150…
A: goods and services prices is determined by the market forces which includes demand and supply .…
Q: Why do we need to assume other things equal (constant) when justifying the law of demand? Explain in…
A: Let's first learn about the law of demand. The law of demand states the relationship between price…
Q: Subject: Manegerial economics & policy Q#1) Explain the distinction made in economic analysis…
A: Economic analysis aids charities and their funders in weighing the impact of a social intervention…
Q: Starbucks and Krispy Kreme are trying to decide whether or not to open a shop in the new Mall of…
A: The Nash equilibrium is a game theory decision-making theorem that claims that a player can attain…
Q: 4. A firm is operating in monopolistic competition with the following demand and cost functions. P=…
A: Equilibrium price is the price at which the demand and supply curve intersects each other and at…
Q: about the national income and ways how to measure the national income
A: National Income can be understood as to the method in which one can measure that how a country's…
Q: Which of the following statements is false? a) A high-efficiency organisation would want to have…
A: In an organization, production process is one of the important department as it generates output to…
How can feminist economics aid in reducing the rate of clime change?
Step by step
Solved in 2 steps
- Discuss thoroughly the graph attached and explain thoroughly how the Philippines performed from 2010 to 2020 to solve the Zero Hunger in the country. For further details of the graph, just go to: https://ourworldindata.org/sdgs/zero-hungerIs there an economic policy known as "trickle down" economics?Can you please make sure that it is clear in which each line is shifting No handwritting solution
- High cost of money transfer requires visits of migrant workers to their countries for helping financially their relatives. Is it true or false? Please explain why.The following graph illustrates the market for almonds. It plots the monthly supply of almonds and the monthly demand for almonds. Suppose new gathering technology is invented, allowing growers to produce more crops using the same amount of resources. Show the effect this shock has on the market for almonds by shifting the demand curve, supply curve, or both. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars perton) 8 32 3 20 12 24 QUANTITY (Thousands of tons) Demand Supply 48 Total Revenue (Millions of Dollars) Demand Supply @ Several growers are happy with this advancement in technology because now they can sell more crops, which they believe will lead to increases in revenue. Using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market.…Micro VS Macroeconomics? Classify the following questions as Microeconomics or Macroeconomics and provide a justification for your choice. a) How will the market for melons be affected after Hurricane Dean? b) How much will the American economy grow this year? c) What are the factors which determine the choice that a person makes between buying a Honda Accord or a Toyota Corolla? d) What will the inflation rate be for Belize?