What determines whether a new product will be a success or failure?

Q: A price taking firm with q = KL pays w = 1/8, r= 1/8 and sells at p = 4. Next month w = 1/2. Provide…

A: The substitution effect refers to the change in the inputs used by the firm in response to the…

Q: Table 1 shows the production of corn by Syarikat Usaha. Answer the following questions based on the…

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Q: 2. Evaluate the following statement: “When DVD- players initially became available, their price was…

A: (2) The assertion is inaccurate. The Law of Supply expresses that, all else being equivalent, as the…

Q: 2. An oil rich economy owns 100 barrels of oil which can be extracted at a unit cost of $2 a barrel.…

A: Given,  An oil-rich company owns 100 barrels of oil Unit cost = $2 a barrel Demand curve = Q(t) =…

Q: I don't understand the answer of the question 1

A: In perfect competition, firms are price takers, meaning that they have no control over the price of…

Q: It is a rainy day in the village and we are selling Umbrellas.  Here is the following data we have…

A: An elastic demand is one in which the change in quantity demanded because of a change in price is…

Q: 2. "A risk-averse individual will always full insure, meaning that uncertainty is irrelevant."…

A: Risk: It refers to the situation that can cause benefit and loss to a person. The person who is…

Q: Now suppose there are 100 firms in this industry, all with identical cost schedules. Fill in the…

A: In a perfectly competitive market, all firms are identical. A perfectly competitive firm produces at…

Q: first cost AOC maint cost Salvage uclue Life Qu A 150 000 B 200 000 10 000 3500 in year 4 12000 5000…

A: Present worth refers to the discounted value of future cash flows .  The alternative with lesser PW…

Q: Elaborate on the different reasons why African countries are not able to form a monetary union

A: Monetary union- An agreement between two or more states creating a single currency. A monetary union…

Q: In general, luxury goods tend to have elastic demand. Question 6 options:   True   False

A: The elasticity measures the change in quantity due to change in price.  The demand is said to be…

Q: F $100 TANF Hours before e Income per month (= earnings + transfers) 0

A: Workers have to choose generally between leisure and labor . In economics , workers will choose more…

Q: put TFC 0 1 2 3 4 5 6 7 8 9 10 150 TVC TC AVC 0 40 100 180 280 400 560 760 1000 1300 1850 The above…

A: Both fixed costs and variable expenses are included in the total expense incurred by a company…

Q: accordance with theprinciple of the balance of paymentsstatement,transactions involvingpayments made…

A: Balance of payment account shows the inflow and outflow of cash or assets fr a country when it makes…

Q: Which statement best explains how a perfect competition market structure determines the price of a…

A: In perfect competition,  There exist a large no. of buyers and sellers.  The firms and consumers are…

Q: Which of the following statements is NOT correct?   Question 3 options: Asymmetric…

A: Asymmetric Information arises when there is an imbalance of power in transactions due to an unequal…

Q: If the exchange rate of the uro to the US dollar changes from JR1 = USD1.1859 to EUR1 : SD1.1632, it…

A: In the international market, exchange rate is the rate at which a good between two countries is…

Q: Define the term autarky in the economy. Note i need a plagiarism free ans.

A: In terms of economics, autarky describes a situation in which a nation or area lacks reliance on…

Q: n the basis of criticizing the views of the Mercantilism, Adam Smith put forward ( ) theory. A…

A: Mercantilism states that a nation should increase its reserves of gold and silver, and in order, to…

Q: First cost of equipment = $200,000 Market value at the end of year 6 = $10,000 MACRS depreciation…

A: Cash flow after taxes (CFAT) is a proportion of financial performance that shows an organization's…

Q: Suppose there are two major groups in the labor force, adults and teenagers, with adults divided…

A: Given information: Unemployment rate of teenagers = 19% Unemployment rate of men = 7% Unemployment…

Q: Dynamic General Equilibrium Model 1. Consider a positive capital depreciation rate > 0. In this…

A: Dynamic stochastic general equilibrium modeling (DSGE)is a macroeconomic model used in dynamic…

Q: The demand and supply functions of a good are given by: P = -3Q + 75 P=2Q + 15 Determine the…

A: Equilibrium quantity is when there is no shortage or surplus of a product in the market. Supply and…

Q: Two Owners s Are Trying to Decide Where to Put Their Businesses. They have choices. of Uptown and…

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Q: Question 4. Consider the production function y = L/2+√K where L is labor and K is capital. a) Is…

A: The production function is a mathematical relationship between the output produced and the inputs…

Q: A small country can import a good at a world price of 10 per unit. The domestic supplycurve of the…

A: As defined by economics, a relationship is between the quantity of a good that producers desire to…

Q: -Real Exchange Rate -Nominal Exchange Rate Quarterly Time Period 2000Q1 2000Q3 2001Q1 2001Q3 2002Q1…

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Q: Consider an industry with n firms with outputs y¹,..y", facing an input price vector W= (W1₁,..wn).…

A: When a firm produces a good or service, it employs various resources/inputs. Each input has to be…

Q: A corporation purchased a machine for $60,000 three years ago. It had an estimated life of 10 years…

A: After tax investment The investment made from the amount that is left after the subtraction of the…

Q: Output TFC 0 1 2 3 4 5 6 7 8 9 10 150 TVC TC 0 40 100 180 280 400 560 760 1000 1300 1850 a) The…

A: When there are no monopolies and neither buyers nor sellers have any influence over commodity…

Q: EXCEPT:   A. Interactions with other nations.   B. Improved product quality.   C.More product…

A: Globalisation is the process of interaction and integration among the people , the government and…

Q: e. When 'The Central Bank's bond traders buy bonds in open-market operations." explain how the…

A: When the Central bank’s buys bonds in the open market operations then the Central Bank would buy…

Q: Based on this information, answer the following questions. Show FULL calculations! (a) Following the…

A: In economics, profit maximization is the short run or long run process by which a firm may determine…

Q: percent and its actual unemployment rate is 6.5 percent, wil as an absolute number. have a…

A: The unemployment rate is the percentage of the total labor force that is unemployed but actively…

Q: Assume that a purely competitive firm has the schedule of average and ginal costs given in the table…

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: Which of these is most likely an effect of a decrease in the prime lending rate by the Federal…

A: Answer- 2. The rate of inflation will increase.

Q: Using diagram, explain returns to scale and their influence on a firm's long-run average cost…

A: Economies of scale relate to the cost benefit a firm has when it raises the quantity of its output.…

Q: 5. An engineer borrowed P 10,000 at 12% interest and paid P 2,000 per annum for the last 4 years.…

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Q: 5. Assume an economy has not produced a single good or service so that Y=0. The economy however is…

A: Economic equilibrium is a condition or state in which economic forces are balanced. In effect,…

Q: Please try to explain why under certain circumstances, government interventions are better than…

A: Government intervention is the term used to describe acts performed by a government to control or…

Q: 1) Which of the following translates business plan into production planning APP MPS MRP None of the…

A: A business plan can be stated as a well-defined and written document that elaborates the business…

Q: A competitive firm's production function is f(L, M) = 8L1/2 + 8M1/2. The price of L is $1 and the…

A: Given that; Production function =f(L,M)=8L12+8M12 Price of L=$1 Price of M=$3 Marginal product of…

Q: Use the following urban CPI monthly data in Egypt in year 2022 to answer the questions that follow.…

A: The continuous rise in the price level is referred to as inflation. The change in average price…

Q: X2^(1/4). The prices of the inputs wland w2. 1.Find the firm's demand for inputs (as a functi of…

A: The cost function measures the minimum cost of producing a given level of output for some fixed…

Q: A corporate jet costs $1,350,000 and will incur $200,000 per year in fixed costs (maintenance,…

A: When we convert the purchase price, capital recovery equals the annual cost of purchasing the assets…

Q: Discuss the internalization theory of FDI. Why do you think the host country tends to resist…

A: When a firm purchases a majority stake in a company operating in another nation, it is engaging in…

Q: 1.If you deposit $100 in a bank account and the reserve ratio is 20 percent. a.What is the minimum…

A: In monetary economics, a money multiplier is one of various closely related ratios of commercial…

Q: 4. Suppose that a firm begins at time t = 1 with a capital stock of K (1) = 200,000 and, in addition…

A: A company's capital stock is the total number of common and preference shares that it is permitted…

Q: (2) Suppose you are the consultant of the central bankers in your own country, what suggestions will…

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Q: How, according to Granovetter (1985) do cultural norms influence big business behaviour?

A: The concept of social connectedness proposed by Mark Granovetter (1985) has gained  importance in…