Q: Instructions Manipulate the settings in the interactive tool as needed, and observe the resulting…
A: Since you have asked a multiple question, we will solve the first part for you. If you want any…
Q: The following production data has been obtained for country X below given that the prices of the…
A: Assuming 1 ton = 1000 kg
Q: Question: What conclusions can you draw from these data?
A: We see that the trends are more or less parallel. So the prices move similarly. and has a strong…
Q: All three answer
A: Monetary policy is a set of tools used by a country's central bank to encourage long-term economic…
Q: 1. y= 9x2 - 6x + 10 2. y 2x- 3x2 +1
A:
Q: TE 45° TE2=C+I2+G+(X-IM) TE:=C+I+G+(X-IM) I=100 Y1 Ya
A: MPC = 0.8 Multiplier = 1 / (1-MPC) => Multiplier = 1 / (1-0.8) => Multiplier = 1 / 0.2 =>…
Q: The MRT of hospital for roads from point C to B is Round-off to two decimals.
A: The marginal rate of transformation (MRT) is the number of units or amount of a good that must be…
Q: Explain what it means if the z-score of an exam score is -1.2.
A: z-score is a numerical value that tells the number of standard deviations a particular data value is…
Q: s are sold at a price of $15 and 75 units are sold at a price of $10, what is the absolute value…
A: Price Elasticity of Demand: Price elasticity of demand implies to the % change in the quantity of…
Q: ᴀ ᴍᴀᴄʜɪɴᴇ ᴄᴏꜱᴛɪɴɢ ᴘʜᴘ 480,000 ʜᴀꜱ ᴀ ʟɪꜰᴇ ᴇxᴘᴇᴄᴛᴀɴᴄʏ ᴏꜰ 12 ʏᴇᴀʀꜱ ᴡɪᴛʜ ᴀ ꜱᴀʟᴠᴀɢᴇ ᴠᴀʟᴜᴇ ᴏꜰ 10% ᴏꜰ ᴛʜᴇ…
A: Given First cost of the machine FC=480,000 Expected life of machine =12 years Salvage value of…
Q: in 2005 (Sbn) Distance from the United States (miles) 1,830 1,668 12,409 5,544 6,229 France Italy…
A: a) By put the values in the gravity equation of trade, we can calculate the expected level of trade…
Q: The ____________________ is based on the prices ofmerchandise that are exported or imported.…
A: Option B is incorrect because the Producer Price Index program tracks the average shift in the…
Q: Question: Given the following: y = e?e3 This can also be written as: y = e
A: Law of exponents: If the base is the same, then add the powers in case of multiplication of numbers…
Q: Only answer 1, 2 and 3
A: 1)Number of people with IT qualifications have grown in Jamaica. This would be classified as…
Q: If you were to do a research on the topic of determining the satisfaction of university students on…
A: The utility is a metric for assessing a person's satisfaction after consuming items. In other words,…
Q: Pp3
A: A perfectly competitive market refers to a market in which there are many firms that sell identical…
Q: 20. Chemosynthesis is performed by a. tube worms b. symbiotic bacteria phytoplankton C.
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Unit 1-Comparing Governmer Internet Users Education & Literacy Rates Economy & Natural Resources…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Is the Philippines a secular country?
A: Secular means that not to favour any kind of religion . Respect all religions. Not to discriminate…
Q: What is Econometrics?
A: It is a broad branch of economics.
Q: Circular flow model
A: Circular Flow Model is the model which helps to study the money flow of an economy.
Q: Why do we need to do sampling in research? Discuss its different types
A: Sampling is a method of picking individuals or a subset of the population in order to make…
Q: ctors of production are all varied
A: Answer The correct option is [C} technology, factor prices, and the number of factors of production…
Q: 1. f(x)= x - 3x4 - 6x3 + 10x2 + 21x + 9
A: Given: f(x)=x-3x4-6x3+10x2+21x+9+0
Q: X4
A: In a market, decreasing cost industry refers to the one that has the ability o reduce its average…
Q: The type of economic indicator that can best be used for business forecasting is the:
A: The periodic and irregular increases and decreases of an economy's real GDP, employment level, and…
Q: Under Economic Flows Give 3 different examples of Other Flows
A: Other flows are changes in asset and liability values that do not occur during transactions. The…
Q: please solve 4 and 5
A: From the given table, the minimum of the average total cost is 9, and given that the minimum of…
Q: A population of 100,000 has 200 births, 40 deaths, 20 immigration, and 20 emigration. Find the…
A: Introduction: A population is a distinct group of people, whether it is a country or a group of…
Q: When the author states thal I anthropologv is comparative what do they mean A. anthropologists…
A: Anthropology is the scientific study of humanity's behaviour, biology, cultures, communities, and…
Q: SurveyDonkey.com studied North Carolina cities to determine the best place to live in the state. The…
A: Mooresville may be a fast-growing community that has been great to get older in. it's been built up…
Q: 21. The table below shows the numbers of bushels of barley cultivated per acre for 12 one-acre plots…
A: The given data is: PHT-34 CBX-21 43 56 39 57 47 44 38 45 47 46 45 50 50 48 46 60…
Q: Hours to make one unit Good 1 Good 2 Good 3 Country A 1 2 3 Country B 4 6 Country C 3 Country D 4 8.…
A: Wage depends on the productivity of the workers.
Q: For the graph of y = f(x) shown to the right, find the absolute minimum and the absolute maximum…
A: Absolute minimum is the lowest value that function y = f(x) can attain. As per the graph, lowest…
Q: how important and efficient is the WTO to provide help for poor countries?, how can we measure their…
A: WTO WTO stands for World trade organization. The World trade organization manages the trade…
Q: after 2 years
A:
Q: If some country's exports of long steel products are $15 billion and it imports $55 billion of the…
A: Intra-industry trade means trade within industries. A measure of the intra-industry trade that takes…
Q: A country’s gini co-efficient was 0.46 last year and is now 0.48. What can we infer from the change?…
A: Income inequality is calculated in a number of ways, the most common of which are the wages and…
Q: S4
A: Aggregate demand - At a given time aggregate demand is total demand of an economy. It is negatively…
Q: Is the underground economy being calculated? If so, is there a certain methodology that is being…
A: Underground economy is the economic activities which are beyond the reach of tax regulators and…
Q: x3+3x2+3x+1 Find lim x→-1 2x3+3x²-1
A: We use L' Hopital's rule here because after substituting -1 we get 0/0 form
Q: A company sells three types of products for $20, $15, and $10 per unit. In 1 year, the total revenue…
A: Total revenue is the total receipts collected from the sale of the goods and services in the market.…
Step by step
Solved in 2 steps
- Which term is used to describe the want satisfying power of a commodity or a service?[A] Demand[B] Want[C] Utility[D] Consumption Please dont use any ai tool. Thank you(a) Define Price Elasticity of Demand. What are the 3 Types of Price Elasticity of Demand?(b) Calculate the Price Elasticity of Demand from the graph.(c) Depending on the elasticity, what kind of good does the given graph show? Explain1. Explain the decisions taken for an individual product.
- Given: Market for Flowers Price of Flower/boquet 100 Qd (x) of Flower/boquet 40 Fertilizer (f) for Flower/bag 70 Point Price of Candle Consumer (z) /piece 40 Income (I) (Time) A 10,000 15,000 20,000 330 32 60 90 C 500 20 70 110 1. Own price elasticity of demand (Pn) C A, 2. Income elasticity (ny) A-C; (inferior or normal good?) 3. Cross-price elasticity (nxz) B-C; (substitute or complementary?) 4. Input-price elasticity (nf) ABQuestion 6 [A new drug called 'LowG', taken together with any food, reduces the glycemic index (a measure of the impact of the food on blood sugar) by 50%. Annual demand for this new medication can be described by the following table:] Quantity (millions of milligrams) 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Price ($) 1000 900 800 700 600 500 400 300 200 100 0 a) [Rache, a pharmaceutical company, holds the patent on LowG and therefore is the only legal producer of the drug for the next 15 years. Calculate total revenue (TR) and marginal revenue (MR) for Rache at each price. Both Total Revenue (TR) and Marginal Revenue (MR) correctly calculated.In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product is given by pq + p + 100g = 50,000. (a) Find the elasticity when p = $67. (Round your answer to two decimal places.) (b) Tell what type of elasticity this is. O Demand is elastic. Demand is inelastic. Demand is unitary elastic. (c) How would a price increase affect revenue? Revenue is unaffected by price. An increase in price will result in a decrease in total revenue. O An increase in price will result in an increase in total revenue.
- Suppose we know that the price elasticity of demand for organic carrotsis −1.5. If a grocer decreases the price of organic carrots by 12%,what would we expect to happen to the quantity of organic carrotspurchased?(a) Decrease by 18%(b) Decrease by 6%(c) Increase by 6%(d) Increase by 8%(e) Increase by 18%. According to a consumer sentiment report, buyers are likely to buy cheaper brands or lower variants in discretionary categories and buy expensive brands for staples and household care. This report is based on responses from about 1,300 respondents in metros, tier 1 & tier 2 cities. As a data analyst if you have to organize this data to be used by your company for business analysis in a relational database tables with rows and columns.How will you do it with taking into account what different tables you will form ,different attributes or field require,key field in different tables etc.explain how opportinity cost affects consumer behacvior
- The figure below represents the weekly demand for GPS units. Price (dollars) 220 200- 180- 160 140 120 100- 80 60 40 20 0 Demand for GPS Units 40 80 120 160 200 240 280 320 360 400 440 Quantity (GPS units) < Prev ***Y 3 of 18 +++ www Next MaternitConsumers have more difficulty evaluating services than they do products; the difficulty results from the: Select one: a. Inseparability of services from consumer b. Insignificance of services c. Intangibility of services d. Inflexibility of servicesIf you wanted to increase demand for your restaurant butare unable to lower prices or increase advertising, whatsteps might you take?