Give typing answer with explanation and conclusion Jackie’s net demands for x1 and x2 are (6, −4) and her gross demands are (15, 9). What is her initial endowment of x1? and explain why? Group of answer choices 0 5 9 13 21
Q: udge Mark Griffiths finds that Moodle is a relentless and predatory monopolist. Judge Griffiths…
A: Under a monopoly, a single seller faces the entire market demand on his own. Here, the seller…
Q: Savant Properties in Knoxville, TN built a shopping center at a cost $50M in year 2010. The company…
A: Depreciation is used to allocate the cost of an asset over its useful life for accounting and tax…
Q: Between last year and this year, the CPI in Blueland rose from 100 to 120 and the CPI in Redland…
A: The value of one country's currency in relation to the currency of another country or economic zone…
Q: 2021 1,000 500 $1.00 $15.00 2022 1,100 500 $1.50 $14.75
A:
Q: For the equations below, q is the total number of units produced per day by m employees of a…
A: Marginal revenue product (MRP) in economics refers to the additional revenue that a firm earns by…
Q: In detail, explain why BPL is considered a natural monopoly and how URCA may establish a market…
A: The Utility Regulation and Competition Authority (URCA) Act 2009 is a piece of legislation in the…
Q: 6. A project has an investment cost of $10,000, uniform annual benefits of $2,400, and a salvage…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Suppose the Federal Reserve set the reserve requirement at 20%. Assume that banks lend all reserves…
A: Reserve requirement = 20% =0.20 Transaction…
Q: The table shows the approximate increase in sales that an additional $100 spent on advertising, at…
A: Given information: x R 25 4 50 59 75 94 100 107 125 104 150 78 175 33
Q: The elasticity of demand for a firm's product is -5 and its advertising elasticity of demand is…
A: The own-price elasticity of demand for a firm is: EQ,P = -5 Advertising elasticity of demand is:…
Q: 3. Appropriate monetary policy response in a closed economy due to higher taxes, if the central bank…
A: Monetary policy is a set of legislations or mandates by a country's central bank, or monetary…
Q: A loader is being considered to tram material from a stockpile. The cost of the machine is estimated…
A: In business decision-making, it is important to consider the present worth cost and the equivalent…
Q: Israel's "Iron Dome" Works! Israel’s Iron Dome is an air defense system designed to intercept and…
A: Suppose we have many options to choose. And when we choose one option that implies we are…
Q: an economy with a production function, Consider Y = K (AN), saving rate s, depreciation rate 8,…
A: Y = K1/3(AN)2/3 --------------> production function. Where Y is output; K is capital; and AN is…
Q: Snake Pliskin is the owner of the "Duke of New York" bar and restaurant. The restaurant is open year…
A: Annual demand is 5000 bottles Cost per bottle is $3 Order processing cost is $5 Handling Cost is…
Q: Fill in the columns in the following table. (Enter your responses as whole numbers.) TFC TVC MC P-MR…
A: Cost is the amount of money used in the production of any particular commodity. cost can be divided…
Q: A Chinese importer ordered 200 boxes of desktop workstation from a US company. All 200 boxes were…
A: In international trade, the bill of lading is a legal document that serves as evidence of the…
Q: QUESTION 7 12. Refer to Figure 9.5. Suppose the economy is a point B. A large increase: AS AS…
A: The AD-AS model combines and draws together aggregated demand and supply curves to accurately…
Q: What are the two main perspectives on how business cycles arise and propagate? What are their key…
A: There are two main perspectives on how business cycles arise and propagate: the classical view and…
Q: Determine the value of the given gradient factor. (P/G, 8.15%, 37)
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…
A: Equivalent uniform deposit (EUD) is a concept in economics used to calculate the present value of a…
Q: Research has found that the an increase in the price of Coca-Cola would increase quantity demanded…
A: The cross elasticity of demand measures the responsiveness of the quantity demanded of one product…
Q: The figure represents the market for clothes. Firms in this market generate $2 of external cost for…
A: Market equilibrium occurs at the intersection of the demand and supply curves. A negative…
Q: Two firms, Sludge Oil and Northwest Lumber, have access to five production processes, each one of…
A: Process (Sm A(4 tons/day) B(3 tons/day) c(2 tons/day) d(1 tons/day) e(0 tons/day) cost to sludge…
Q: Use the following table to determine the levels of M1 and M2 In the United State Money Categories in…
A: M1 and M2 are money supply which are also part of narrow money. M1 includes currency, demand…
Q: "Import quotas on capital- intensive industrial goods and subsidies for the import of capital…
A: In order to safeguard indigenous industries and generate manufacturing jobs in emerging nations,…
Q: Give typing answer with explanation and conclusion 1.Sara knits 20 scarves and sells them for $25…
A: Total revenue is the sum of money that a business or person makes through the sale of a certain good…
Q: A price index is Multiple Choice the cost of a market basket of goods and services in a base period…
A: Price is the amount of money necessary to purchase a specific good. It entails the idea that…
Q: Assume Fred has the following preference relation on [0, 1]: x ≿ y if and only if x ≤ y for all x ̸=…
A: In economics and decision theory, preference refers to the subjective ranking or ordering of…
Q: The multiplier is the ratio of the change in the equilibrium level of real GDP to the change in…
A: Multiplier is an economic concept that states the effect of change in one variable on another…
Q: Which of the following statements is correct? Multiple Choice If supply decreases and demand…
A: Demand curve slopes downward and it shows a negative relationship between price and quantity…
Q: Suppose the government provides a recruiting service program that can reduce the cost of recruiting.…
A: A Search and Unemployment Model with Two Sides. It involves both the supply (workers) and demand…
Q: Correct answer What is the formula for risk free rate ##############
A: The rate of interest that an investor expects to gain by investing in a risk-free investment is…
Q: The equations below describe the aggregate demand of an economy. There are neither a flow of goods…
A: The IS-LM model is used to analyze the equilibrium level of output and interest rate in an economy.…
Q: Consider a perfectly competitive market. Suppose each firm has LRATC given by: LRATC (Q) = 1000 +…
A: Given Long run average total cost LRATC =LRATC(Q)=1000+Q-772 The market is perfectly competitive so…
Q: Analyze below Cash Flow and compute for the unknown value. 1 $5 2 3 $5 $5 4 5 $10 $10 N 6 $20 7 $25…
A: Cash flow shows the organization's liquidity also its cash and cash equivalents. A company's…
Q: 4. What would be the effect on the aggregate demand curve of an increase in U.S. autonomous net…
A: The net exports of the economy are the value of exports get after excluding the level of imports…
Q: 2. A faculty member sells Gatorade at UNC Charlotte football games. He finds that if he raises his…
A: Profit-maximizing qty and price can be computed by setting MR equal to 0, which occurs at the…
Q: Inflation rates in the US have recently been at their highest level in decades. Imagine your local…
A: Fiscal policy refers to the use of government spending and taxes to influence the performance of an…
Q: Which of the following is not an advantage of a multi-domestic strategy? Multiple Choice Focused on…
A: Multi-domestic strategy is a business approach that focuses on customizing products, services, and…
Q: Tax liability is given by the function T(y) = -10,000 + 0.25y where y is income. 7. The marginal tax…
A: The amount of tax that a person or organization is required by law to pay the government is referred…
Q: Find gradient factor (A/G, 1.015%, 34)
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: For companies that are participating in Saudi Vision 2030, what strategies and tools might they…
A: Saudi Vision 2030 involves the massive government expenditure, attract foreign investment and create…
Q: Nominal interest rates would [(Click to select) b. Individuals, worried about future economic…
A: The money market provides a platform for borrowers and lenders to meet and engage in short-term…
Q: Explain unsolicited mails and communication with children (Ecommerce) in brief. I need to prepare…
A: The topic of unsolicited emails and communication with children in ecommerce has become increasingly…
Q: In 2019, the Australian Competition Consumer Commission (ACCC) launched Federal Court proceedings…
A: The cartel is the term used for the formal agreement signed between two or more firms in the market.…
Q: Elapsed time (in minutes) 30 60 90 120 150 Total utility of playing video games 20 45 63 78 83 40 62…
A: Marginal utility per dollar is calculated by dividing the marginal utility and price of swimming for…
Q: The chamber of commerce has virtually no budget for tourism promotion. State law authorizes an added…
A: A tax on accommodation establishments like hotels, motels, and bed and breakfasts is known as a…
Q: Table 1: Market for Skis Qd Qs 0 P 0 20 40 60 80 100 25 20 15 10 5 0 4 8 12 16 20 1. Consider Table…
A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Which of the following statements is true? a. Shifts toward freer trade are responsible for the…
A: A strategy in international commerce known as "free trade" aims to lower restrictions on the free…
Give typing answer with explanation and conclusion
Jackie’s net demands for x1 and x2 are (6, −4) and her gross demands are (15, 9). What is her initial endowment of x1? and explain why? Group of answer choices 0 5 9 13 21
Step by step
Solved in 3 steps
- Mega Partner is selling two products Marker(m) and Eraser(e) and their budget is given with thefollowing equation: 15Qe+ 30Qm= 3000. Now answer the following questions. I. Draw the budget line for Mega PartnerII. What would be the highest amount spend on Marker with the existing budgetIII. If Total budget increases to 4500 what would be the new budget line (use diagram)IV. If Price of the Marker becomes 15, how this changes the existing budget line keeping allthe values remain same.7 Asen tries to minimize his cost of using two goods x subscript 1 end subscript and x subscript 2 end subscript. The price of the first good is BGN 12 and the second good BGN 8. His utility function is x subscript 1 superscript 3 divided by 5 end superscript x subscript 2 superscript 2 divided by 5 end superscript and the utility he will get from using both goods, is 32 units. Find the Hicks quantities demanded and what Assen's minimum budget must be to consume these quantities and obtain the above utility. e-412, h2=21, h1=21 e=416, h2=21, h1=21 e=640, h1=32, h2=32 e=422, h2=21, h1=21 e=378, h2=21, h1=21 e-378, h2=20, h1=20 another answer e-378, h2=24, h1=24Columns 1 through 3 in the table below show the marginal utility which a particular consumer would get by purchasing various quantities of products A, B, and C. (1) Unit 1 2 696 AWN 3 4 5 7 (2) Marginal utility, A 18 16 14 12 10 8 6 (3) Marginal utility, B 39 36 33 30 27 24 21 (4) Marginal utility, C 12 10 053 If the prices of A, B, and C are $2, $3, and $1, respectively, and the consumer has $26 to spend on these three products, what combination of the three products should be purchased in order to maximize utility?
- 8:35 O ll 60% Econ101- Final Written.. QUESTION 2 Table 1 Number of Chocolate Bars per Day Total Utility Marginal Utility 80 150 200 230 10 2- Refer to the table above, 2.a- What is the marginal utility of the second chocolate bar per day? Please calculate. (3 pt) 2.b- What is the total utility of five chocolate bars per day QUESTION 3 3- You are a firm owner. Your total revenue was 100 TL last year. Your costs for rent and supplies were 35 TL. To start this business, you invested certain amount of money that could bring you a 45 TL as an annual return. If you would work for another company, DONOT CORY 3.a- Refer to the statement above. What were your economic costs during the year? Please calculate. (3 pt) 3.b- Refer to the statement above. What was your cconomic profit last year? Please calculate. (3 pt) QUESTION 4 Table 2 Technology Units of Capital Number of Employees 2. 5 12 B 11 10 D 10 4 4- Use the information provided in Table 2 above to answer the question(s) that follow. II…741 Ny 7:0 Mond Content X + ultra/courses/_99030_1/cl/outline manipic cempo me manipic accompis. INIU Force Completion. This test can be saved and resumed later. BILLETTE Your answers are saved automatically. * Question Completion Status: QUESTION 1 The goal of the consumer is to maximize the total utility or satisfaction derived from their purchase choices, given the unique budget constraint. To calculate total utility of a given combination of T-shirts and movies, one would use the following approach: O a. For a given combination of T-shirts and movies, survey a group of individuals to determine an average for utils to be assigned to the number of T-shirts and movies. O b. For a given combination of T-shirts and movies, use Google to identify the number of utils associated with the number of T-shirts and movies and thenlum them. O c. For a given combination of T-shirts and movies, assign a number of utils to that combination. O d. Use utils as a measure of utility, assigning a…2 3) For each utility function, determine the marginal utility with respect to x, marginal utility with respect to y, and the MRS. (3pts each) a) U(x, y)-3x+2y b) U(x, y) 10x¹/5 y c) U(x, y)=x+ y²
- (Advanced analysis) The demand for commodity X is represented by the equation P=10 - 0.2Q and supply by the equation P= 2 + 0.2Q. If demand changes from P=10 - 0.2Q to P= 7 -0.3Q. we can conclude that Multiple Choice demand has increased. demand has decreased. supply will increase. O supply will decrease.Graph the following dataQuantity marginal utility1 153 2 112 3 77 4 48 5 25 6 8 7 -3 8 -818. Choose the correct answer from the given below.
- 5.17. explain.ayesha derives utility from travelling and outdoor dinning o weekends as given utility function U(t,d)=TD.the price of a day spent travelling is $160{Pt=160} and price of dining outdoor $200{Pd=200}.ayesha annual budget for this is $8000. find ayesha's utility maximizing choice of days travelling and dining outside. and alsoo find uutility level from consuming that bundles .show findings graphicallyThe figure below show the initial optimal point of a family who has to decide how much kids (K) to have in 5 years and at the same time how much of all other goods to consumer (measured as composite good in dollars). Now assuming that kids are inferior goods/services, show the new optimal point as e2 if the income of the family increases. IC₁ to K