Q: What is the relationship between unemployment and the price level in the short run?
A: When all persons who are willing to work at the current wage rate are unable to find work, unemploym...
Q: t is the property of indifference curve that no two ICs can intersect each other because: a. same ...
A: According to the ICs property that two ICs cannot intersect each other- The arcs of indifference ca...
Q: 2. During recessions, central banks tend to cut interest rates. You are interested in understanding ...
A: Gross domestic product (GDP): it is the overall output generated within an economy during a year. If...
Q: Year 1 Year 2 Employment (households survey) 5,100 5,200 Labor Force 6,000 6,100 Population 10,000 1...
A: We know that the labor force is the sum of employed people and unemployed people Labor force=Employe...
Q: The crowding-out effect works through interest rates and it tends to: a.Increase the effectiveness o...
A: When government raises its expenditure on investment, it leads to a rise in the aggregate demand in ...
Q: 2. Explain the benefits to the Potential employee if M&S opens the new food store
A: The markets are the place where the interaction of the buyers, and the sellers takes place. In the m...
Q: Suppose an economy produces steel, wheat, and oil. The steel industry produces $120,000 in revenue, ...
A: GIVEN Suppose an economy produces steel, wheat, and oil. The steel industry produces $120,000 in r...
Q: The supply of hamster breeders has increased because pet hamsters have become popular for families. ...
A: The answer is - a. increase
Q: A machine's annual maintenance costs P18,000. If the cost of creating a forging is P90 and the selli...
A: The Break-even point is when Total Revenue is equal to Total Cost (TR=TC). Maintenance cost = 18000...
Q: For K > 0 and L > 0, the production function F(K,L) = 2KL+ K has a. increasing returns to scale b. d...
A: option (a) increasing returns to scale is correct because An increasing returns to scale occurs whe...
Q: What is the profit maximization condition
A: Meaning of Market: The term market refers to the situation under which the producers or the seller...
Q: ASsume the labor force is made up of 40% women and 60% men. If 40% of all manufacturing jobs are hel...
A: When one demographic group is highly represented or underserved in distinct types of employment or j...
Q: In this market, the equilibrium hourly wage is $ and the equilibrium quantity of labor is thousand w...
A: Equilibrium wage and quantity is found where the demand and supply curves intersect. In the diagram,...
Q: An annual fixed operating cost of P10,000,000 is incurred by a Medical Devices Manufacturing Company...
A: The Break even point is the state where any firm is earning zero level of profit. It would mean that...
Q: Answer if true or false. • Due to trade-off, Capital & Income has an inverse relationship.
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: Cutey Barber Salon Cutey Barber Salon is a trendy barber salon that is located in a densely populate...
A: In democratic government it has been seen from ages that there is both public and private sector in...
Q: The production function of a small firm that produces tarpaulin is given by the table below. L 4 6 8...
A: The formula for output elasticity with respect to labor is calculated as ε=% change in quantity of o...
Q: 6. When Marginal Utility is positive, Total Utility
A: To find: What happens to total utility when marginal utilities will be positive.
Q: Suppose you are considering working at a local coffee shop 5 nights a week. You expect to save $125 ...
A: * SOLUTION :- From the given information the calculation is given below
Q: 3. This question is about worker-employee matching. a) Explain and represent graphically why if ther...
A: Introduction: Equilibrium is that the situation during which market provide and demand are balanced,...
Q: Consider a closed economy with consumption, production, and government. The representative consumer ...
A: 1) Suppose that h = 16. Then, the budget constraint for the consumer is C = .75(16 − l) + 8 − 6, and...
Q: Given the two machines’ data Machine A ...
A: Given information Machine A Initial Cost=P8000 Annual operation cost=P3000 Annual maintenance cost=P...
Q: TC = 0.1q², where q is the restaurant's weekly production of "dish of the day". b) Show that the mar...
A: The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It i...
Q: 65. Which of the following is NOT an input? A. O Labour B. O Entrepreneurship C. O Natural resources...
A: As we know to produce something we need factors of production called input . And with the help of in...
Q: oints on a utility possibility curve represent a given distribution of well-being between two person...
A: The satisfaction that is in turn being received by a consumer from the consumption of a service or g...
Q: (1) Determine the contribution margin ratio. per unit Contribution margin Contribution Margin Ratio ...
A: CONTRIBUTION MARGIN " IT SHOWS THE AGGREGATE AMOUNT OF REVENUE AFTER VARIABLE COST TO COVER FIXED E...
Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...
A: Benefit Cost ratio=Proposed total benefit Proposed total cost =80,00...
Q: In this unit, you learned about different revolutions that were spurred on by advances in science, t...
A: During or shortly after the struggle for state power, revolution require not just mass mobilisation ...
Q: b) Provide information about how coastal fishing are obtained (ie: mined, refined, cut, etc)|
A: Fishery refers to the occupation that deals in catching fishes from different sources of water. Thei...
Q: The exact simple interest of P7,000 invested from April 28, 2002 to December 25, 2002 is P700. What ...
A: Simple interest is the total amount that is to be paid for using the borrowed money.
Q: Abbott wants to increase their marketing for Pedialyte leading up to St. Patrick's Day this year. Th...
A: Given information Ad cost=$5000000 at week 2/13/2022 Ad cost on 3/6=$800,000 Sales on 2/20=$500,000 ...
Q: A printing press machine has a cash equivalent of P250,000. For the first three years, it will prov...
A: Given that, For the first three years machine has a cash equilvalent to P250,000 and it gives profit...
Q: 3. Profits A. Are lower in the long run than in the short run Con be negative
A: To find : What is profit
Q: Which of the following most increased our understanding about the heritability of personality? 1.res...
A: The answer is - 1.research on identical twins raised apart
Q: Attempts Average / 3 5. Interest, inflation, and purchasing power Suppose Alyssa is a sports fan and...
A: Real interest rate is the difference between nominal interest rate and inflation rate. Higher inflat...
Q: The first term in an arithmetic sequence is 11 and the sum of the first 15 terms is 900. What is the...
A: Given:a=11S15=900
Q: LRAS You The long run aggregate supply (LR AS) diagramatical function is vertical because: I. The na...
A: Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy c...
Q: • Which of the following is not typically an element in the structural change that accompanies devel...
A: The answer is - d. All of the above changes accompany development.
Q: 4. Consider the market for Citrus used car in which lemons account for 40% of the used cars offered ...
A: Suppose x number of used cars will be offered in the market for sale. Number of lemon Citruses = 40%...
Q: The current price of a non-dividend-paying stock is £39.0. Over the next year it is expected to rise...
A: The risk-free rate represents the interest an investor would expect from an absolutely risk-free inv...
Q: which factor is least probable to affect price elasticity of demand? a..purchase cost relative to d...
A: Elasticity is a measure of a variable's sensitivity to a change in another variable, most commonly t...
Q: Explain the benefit principle and ability to pay approach with regard to tax equity. Which approach ...
A: Concept: Benefit principle: This principle implies that those who benefit from the public goods sho...
Q: You have $16 to spend purchasing Krystal burgers ("good X") and tallboy cans of PBR ("good Y"), whic...
A: Hi! thanks for the question but as per the guidelines, we answer up to three parts at one time. Kind...
Q: 4. Consider an exchange economy of two goods and two individuals. Consumer A has an endowment of 100...
A:
Q: 8
A: The term ‘cash reserve (CRR) ratio’ is the share of total commercial bank’s deposits (or liabilities...
Q: Suppose in year 1 and year 2, there are two products produced in a given economy, computers, and bre...
A: 1) Calculating real investments: current year's investments at base year's price Let the base year= ...
Q: nsider the economic model: Yt Ct +i %3D Ct myt-1 it act-1 here y is GDP, c is consumption, i is inve...
A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...
Q: Lise the rectangles to shade the areas representing producer surplus for each person who is wiWing t...
A: Producer surplus can be defined as the difference between the actual market price and the minimum am...
Q: Who is not included in the labor force by the Bureau of Labor Statistics? a. Calvin, who is on tempo...
A: People who are working are counted as employed and people who are actively looking for a job and are...
Q: Given the two machines’ data Machine A Machine B First C...
A: For finding out the Equivalent annual cost we take following steps : => First we formulate cash f...
Step by step
Solved in 2 steps
- The products produced in a competitve market areThe limits of agritourism extend further and further in the contemporary world. Think if there are phenomena verging on agritourism in your country or region. If so, define them. Think if they are used for business. How do farmers andhow to tourists benefit from the extension of the limits?How sustainable is any competitive advantage for Upscale Markets? If some giants such as Amazon or Walmart enter the e-market. grocery
- What is market integration?a. Coca-Cola cuts its price below that of Pepsi-Cola to increase profit. b. A Single firm, protected by a barrier to entry, produces a personal service that has no close substitutes c. barrier to entry exists, but the good has some close substitutes d. A museum offers discounts to students and seniors e. A firm can sell any quantity it chooses at the going price f. A firm experiences economics of scale even when it produces the quantity that meets the entire market demand. 1. Which of the six cases are monopolies or might give rise to monopoly? 2. which are legal monopolies and which are natural monopolies? can any of them price discriminate? if so, why?What Is Price Performance Measures?
- What are some ways for Non-sustainable Competitive Advantage for the price of Nikes productBelow is a decision table for Gregor's Tennis School. Director Gregor Anderson is considering expanding his school to accommodate the potential increased interest in youth tennis lessons, camps and teams. The decision table below describes his situation. Alternatives Add a new building Extend hours for existing building Do Nothing Answer Decision Table High Demand 25,000 10,000 0 Step 3 of 3: What would Gregor's decision be if he applied the Maximax strategy? State of Nature Moderate Demand O Add a new building O Do Nothing O Extend hours for existing building 5,000 3,750 0 Low Demand -50,000 -6,000- 0 Tables Keypad Keyboard ShortcutsImagine you are the owner of the Omaha Surfboard Company. You have a branch in Omaha and in Long Beach CA. After some market research you find the following surfboard demand for each market, Omaha Demand: Qo = 1000 – 10P Long Beach Demand: QL = 1000 – 5P Combined/Total Demand: Q = 2000 – 15P Your marginal cost is constant at $40. a. Find your price and quantity if you treated the market as a single entity with a single price. What is your profit? (Hint: find Marginal Revenue and set equal to MC) b. If you treat each market separately, what is P and Quantity in each market, and final profit?
- A competitive equilibrium is defined by the price P* and quantity Q*. Suppose theconsumers become less price sensitive, but the same price-quantity equilibrium is maintained.Illustrate the change on a graph, labeling the old and new linear demand curves. What happensto consumer and producer surplus?a. . Coca-Cola cuts its price below that of Pepsi-Cola to increase profit. b. A Single firm, protected by a barrier to entry, produces a personal service that has no close substitutes c. barrier to entry exists, but the good has some close substitutes d. A museum offers discounts to students and seniors e. A firm can sell any quantity it chooses at the going price f. A firm experiences economics of scale even when it produces the quantity that meets the entire market demand. 1. Which of the six cases are monopolies or might give rise to monopoly? 2. which are legal monopolies and which are natural monopolies? can any of them price discriminate? if so, why? 3. What are the distinguishing features of oligopoly? 4. Why are breakfast cereals made by firms in oligopoly? Why isn't there monopolistic competition in that industry? 5. Business Week reported that Energizer is gaining market share against competitor Duracell and its profit is raising despite the sharp rise in the price of zinc,…The global crisis of electronic chips shook and shattered many industries while in theforefront of the headlines the COVID-19 pandemic rages through the economies ofthe world. You watched a video on this crisis and participated in a discussionin the class. Pick up an industry of your choice and discuss how this industrygot hit by this chip shortage. How much was the usual demand? Did the demandincrease during the COVID pandemic or it reduced? Did the industry cut production?Did it suffer a revenue downfall? Was there any variation of the impact withrespect to the difference in economic regions e.g. Asia, Europe, North America,The Middle East etc..? Did it find an alternate way to circumvent the crisis? Countryeconomy-wise which one is hardest hit (or the least)? Why? What type ofrecovery do they expect or foresee? How are they making sustainability plansfor such a crisis in the future? Try to answerthese questions in your write up but don’t limit them within the boundary ofthese…