Q: A farmer finds that if she plants 70 trees per acre, each tree will yield 50 bushels of fruit. She…
A: if she plants 70 trees per acre tree yields 50 fruits now she notices every additional tree planted…
Q: uppose that the treasurer of IBM has an extra cash reserve of $500,000 to invest for six months. The…
A: If $x is invested in country where euro is the currency and there interest is R% per year for t…
Q: Which forms of economics is best for whom and why? (capitalism versus socialism)
A: An economic system known as a capitalist economy is one in which private organisations manage the…
Q: How would such a tax affect the market for gasoline i.e. what is the new equilibrium?
A: A tax on buyers will impact the demand curve whereas a tax on sellers will impact the supply curve.
Q: 8) Economic costs include costs, while accounting costs include Only implicit; both explicit and…
A: Economic cost and accounting cost are two ways to analyze the expenditure associated with a specfiic…
Q: QUESTION 10 Which of the following types of firms are likely to respond to a corrective tax by…
A: "Since you have posted multiple questions, we will provide solution to only one question as per our…
Q: Consider a standard Solow-Swan model. A permanent increase in the level of total factor productivity…
A: Solow-Swan Model is defined as an exogenous model of economic growth in the long run. It states that…
Q: 1. In 2013, Roma was a schoolteacher and earned $40,000. But she enjoys creating cartoons, so at the…
A: Explicit costs are normal business costs that show up in a company's overall record and directly…
Q: 18 10 8 7 6 OO 3 $15 $35 If the monopolist depicted in the above figure is maximizing profits, the…
A: For a monopoly, For profit maximization, MR = MC MR = Marginal revenue MC = Marginal cost Profit…
Q: In the graph you've just explored, by how much does the quantity of money demanded change if the…
A: Demand for the good and the price have an inverse/ negative relationship with each other. When the…
Q: A. Jack enjoys a cup of cappuccino every morning, which is made with equal parts of steamed milk (m)…
A: Indifference curve: Indifference curve shows different combinations of 2 goods such that consumer’s…
Q: Consider a closed economy model where Y=C+I+G, consumption is given by the function C=90+0.8(Y−T),…
A: Y = C + I + G Budget deficit = G - T 10 = 60 - T T = 50 Y = 90 + 0.8 ( Y - 50 ) + 90 + 60 Y =…
Q: A cost analysis is to be made to determine what, if anything, should be done in a situation offering…
A: The alternative providing the highest net annual worth and the highest rate of return is to be…
Q: onsider the following (Cobb-Douglas) production function: f(x1, x2) = Ax1α1 x2α2 , where A, α1, α2 >…
A: The production function shows the relationship between the output and input. The Marginal product is…
Q: Hat is the NPV of this investment ?
A: Particular Amount Vehicle acquisition cost 48000 Economic life 1 Tax rate 25% ROE 11% ROD…
Q: Uncle Tyler's farm has costs and revenue as seen in the graph. What is Uncle Tyler's…
A: Profit maximizing Level: A firm's profit-maximizing level is at the point where the MC equals the…
Q: A young Thomas Edison makes 20 light bulbs a week in his dorm room. The parts for each light bulb…
A: The selling price = 5.25 Costs per unit = 2.25 No. of units =20
Q: There are two countries in the world, A and B. Suppose the central bank in country A has an annual…
A: The exchange rate refers to the rate at which one currency is exchanged for another. The exchange…
Q: The Pyro Corporation has outstanding twenty thousand shares of common stock, of which nineteen…
A: Introduction A corporation is a legal entity that is separate and distinct from its owners.A…
Q: Step 1: Draw a supply-and-demand diagram. Price is on the vertical axis, quantity is on the…
A: When talking about general framework of demand and supply model, it can be said that this model…
Q: 4. Two firms face the following payoff matrix, where each is choosing whether to charge a low or…
A: Pure strategy Nash Equilibrium: Nash equilibrium with 2 players is the strategy profile where both…
Q: Rob Otics Ltd, a small business that specializes in manufacturing electronic- control equipment…
A: Here, given table provides information about total cost at different output level.
Q: The Sisyphean Company's common stock is currently trading for $27.25 per share. The stock is…
A: Growth rate is the rate at which the earning is growing. We have the formula : - P = Dividend /…
Q: The US consumer expenditure in durable goods decreased by 12%. In the US, the prices of oil…
A: Increase in consumer expenditure can be represented by IS-LM short run relationships . Change in…
Q: A company is going to buy a new machine for manufacturing its product Four different machines are…
A: Utilizing the annual cost method, the total annual cost of a machine or asset is calculated as…
Q: An alternative measure of a nation's well-being using GDP as a starting point A. Real GDP B. GPI C.…
A: GDP or Gross Domestic Product is the sum total of the market value of the final goods and services…
Q: A two-player simultaneous-move game played by Player 1 and Player 2 has three strategies: rock,…
A: The given situation is represented in the matrix Two Players : Player 1 and Player 2 Three…
Q: Macroland produces dishes and glassware. Before trade, a set of dishes sells for $100 and a set of…
A: When a country is open to trade , the country will trade at the world price. When world price is…
Q: f market price is greater than the minimum of AVC but below the minimum of AC, then _____. Group of…
A: A firm makes a profit when the price is greater than the minimum AC A firm makes zero economic…
Q: how do I calculate the yearly inflation rate when given the monthly cpi for each basket of goods the…
A: The term "inflation" refers to a measurement that is used to express the rise in the average price…
Q: Adam leases a truck with an upfront payment 3100 and monthly payments of 116. Assuming there is no…
A: An implicit or written lease outlines the terms and circumstances under which a lessor agrees to…
Q: By definition: a substitute is a good that: Select one: O a. has same likeness as another good O b.…
A: In a market, two or more goods are related to each other directly or indirectly when the change in…
Q: Suppose that firm Alphabet is the only company that sells all-inclusive vacation packages in the UK.…
A: Price discrimination is the practice of charging different prices to different consumers for the…
Q: Which of the following is true in the dynamic AS-AD model? The dynamic aggregate demand curve is…
A: Introduction The dynamic AD–AS model focuses attention on how output and inflation respond over time…
Q: What problem with an OLS regression is instrumental variables intended to address?…
A: A common method for analyszng the coefficients of direct regression conditions that show the…
Q: 1. The Lotsa Pasta Company sells pasta in a perfectly competitive market at a price of $2 per pound.…
A: Equilibrium is where P = MC P is the price MC is the marginal cost.
Q: Identify and justify two SDGs that support / complement SDG 11 inpromoting an inclusive community /…
A: SDG 16: Peace, Justice and Strong institutions For an inclusive society where children, women and…
Q: If the tax is imposed on the sellers, shouldn't the 'T' be used alongside the supply 'q' not the…
A: First we need to understand that the supply curve shows the minimum price at which the seller is…
Q: Consider the graph, which depicts a single competitive firm hat wishes to maximize profits given its…
A: The perfectly competitive market decides the price and individual firm does not have control over…
Q: If the cost of goods available for sale equals $100,125, calculate the cost of goods sold using the…
A: Given information, opening inventory = 100,125 closing inventory = 7650 + 20880 + 6755 + 2820 =…
Q: An increase in the number of sellers supplying a good or service: Select one: O a. shifts the supply…
A: Supply refers to the quantity that a Seller wants to sell at a given price in a given period of…
Q: Two processes can be used for producing a poly- mer that reduces friction loss in engines. Process T…
A: We have, PROCESS T W First cost 750000 1,350,000 Operating costs 60000 25000 Salvage…
Q: decides to quit his job as a corporate accountant, which pays $12,000 a month, and goes into…
A: Economic costs consist of explicit and implicit costs. Explicit cost can be shown in books or…
Q: Given the demand function D(p) = 200 – 3p², Find the Elasticity of Demand at a price of $5 At this…
A: An elasticity of demand determines how sensitive the quantity demanded will be to the price. It will…
Q: Consider a small economy that does not permit international borrowing or lending. The country's…
A: When small economy that does not allow the global borrowing, lending, or engage in other financial…
Q: estimate this model: purchases = β0 + β1social + β2aggregator + β3substack
A: Given the regression function purchase depends upon media, aggregator and substack. We are required…
Q: Consider an oligopolistic industry with N competing firms. Suppose that these firms have no fixed…
A: Oligonopolistic market structure is the market form in which there are few large firms in the…
Q: 1. Obtain a formulation for the coefficient of determination.
A: 1. Coefficient of determination is a measure of the goodness of fit by which we mean how well the…
Q: An effective method to recover water used for regeneration of ion exchange resins is to use a…
A: In this case, we are actually use the discrete interest rate that is actually we are using discrete…
Q: Consider the following regression estimates (ID6) Source Model Residual Total wage educ exper exper2…
A: From the given regression results, the coefficient of the constant term is -3.96489, the coefficient…
Step by step
Solved in 2 steps
