1. The text details 4 reasons to keep your records up to date and accurate. What are they? Why? 2. Why is it important to create a budget and to manage your cash flow?

Q: 2

A: Olivia is consuming in two periods, in period she is borrower, that means C1 is more than the M1.

Q: Consider the following hypothesis test Η με 20 H₁ μ<20 A sample of 80 gave a sample mean of 19.4.…

A: We have been given sample of 80 which gives sample mean of 19.4. Standard deviation of population is…

Q: With a given amount of labor and other resources, producers in the nation of Germany can produce…

A: Opportunity cost of producing sedans in germany=SUV sacrificedSedan producedOpportunity cost of…

Q: hich of the following is the correct calculation of project Delta's IRR? 3.18% 3.37% 3.55% 3.74% If…

A: The internal rate of return (IRR) is a metric used in financial analysis to estimate the…

Q: You inherited $12,000 from your Great-Uncle Michael. If you invest it and average an 8% annual rate…

A: Information given is as follows:-  P = 12,000 i = 8% n = 20 year Using this we have to find future…

Q: Plot the following points from a demand and supply schedule on a demand and supply graph. Label each…

A: We have quantity demanded and supplied for different prices.

Q: Autonomous investment is income Elastic

A: Autonomous investment is income which is in a elastic because even though the income is zero some…

Q: Supply-side economics advocates that the government A. do all in its power to stimulate growth; B.…

A: Supply side economics believes that increasing the supply of goods or labor in the market will…

Q: represents trade costs. A higher index represents higher trade costs and less globalization. Based…

A: National borders do not mark the beginning or end of trade. Many enterprises and people encounter…

Q: Pertaining to the information given above, Ghana's parliament is debating how to undertake ISI. The…

A: A quota is a trade restriction put in place by the government that restricts how many or how much…

Q: What are objects of study of International Macroeconomics? Provide definition of these objects.

A: Global Macroeconomics presents a thorough and hypothetically exquisite treatment of genuine…

Q: Suppose that the market for black sweaters is a competitive market. The following graph shows the…

A: Answer: According to the above figure if the market price is $15 the equilibrium occurs at point E.…

Q: Which test is used for testing if multiple coefficients are jointly significantly different from…

A: The highest degree of linear association that can be determined to exist between two or more…

Q: 5. Problems and Applications Q10 Consider the following table of long-run total costs for three…

A: When talking about economies of scale, it can be said that it is the situation when a producer is…

Q: 4. The following curve shows the Profit Maximization in Monopoly market Dollars per unit Demand P =…

A: Monopoly A monopoly is when one corporation holds a dominant position in an industry or area to the…

Q: A clothing store decreases the price of its T-shirts from $20 to $12. Correspondingly, sales…

A: Total Revenue  = Price*Quantity So when the price is $20 then the Total Revenue is 20*1200 = $24000…

Q: The demand for good X has been estimated to be Qx = 10 - 0.5Px + 4Py. Suppose that good X sells at…

A: The own price elasticity of demand is the proportion alternate in the amount demanded of a good or…

Q: Assume in the market with two consumers, Chloe and Oliver. Chloe's utility function is U(x, y) = 2x…

A: When there are no more adjustments that can be made to the economy that can make one person better…

Q: What is the key takeaway of the main study in the Gneezy and Rustichini paper?

A: Gneezy and Rustichini paper namely "A fine is a price" is based on group of day care centres. The…

Q: The country of Mona includes an adult population of 50,000 people. Of those, 28,000 are working full…

A: Labor force includes both employed as well as unemployed workers in an economy.

Q: There is a country which produces cars. It costs $11,000 for the domestic producers to produce one…

A: Export subsidy is an administration strategy to empower export of merchandise and beat offer of…

Q: Consider the following table of long-run total costs for three different firms: Quantity 1 2 3 4 6 7…

A: Question is related to the topic Economies of scale

Q: A monopolist engaging in third-degree price discrimination I. has lower profit than a monopolist…

A: According to the third-degree price discrimination, a company charges a different price to different…

Q: According to the substitution effect of labor supply, when the wage rate goes up: O A. the…

A: Rather than the industry labor supply curve, the substitution effect is applicable to the individual…

Q: differences between goods and services?? for economics

A: In economics, products and services are sometimes used interchangeably. Customers are supplied these…

Q: Which of the following statements is a positive statement? cigarettes ought to be taxed due to…

A: Positive statement is based on facts and figures which can be tested and verified with given…

Q: In a time of crisis where there is a pandemic, policymakers try to encourage economic activity by…

A: The use of government spending and tax strategies to impact economic conditions, particularly…

Q: Suppose Paco has an annual entertainment budget of I. He spends his entertainment budget on only 2…

A: In economics, utility is defined as the enjoyment or pleasure consumers get from utilising a good or…

Q: 3) Diminishing marginal rate of substitution can be seen when indifference curves A) become flatter…

A:

Q: Illustrate the differences

A: The field of economics is distributed into microeconomics, i.e., the analysis of individual markets,…

Q: A car rental agency is considering a modification in its oil change procedure. Currently, it uses a…

A: Following is the given values: Cost of type X filter = $4.75Filter changed every = 9000 miles Number…

Q: If we examine the effects of an iPhone price change on the quantity sold "holding everything else…

A: In economics when an economists wants to determine the relationship between two factors, he requires…

Q: A profit tax on a monopolist will have no effect on the profit maximizing price and quantity will…

A:

Q: Kevin, Rajiv, and Yakov run the only saloon in town. • Kevin wants the saloon to bring in as much…

A: Firm's equilibrium is the point where profit of firm is maximum and it determines the price and…

Q: How much will a person get when redeeming a bond worth $1,200,000.00 today that will mature in three…

A: Present worth of bond = 1200,000 $ Time = 3 months Bank charges = 4 % per month

Q: Last year, U.S. money supply was $4 trillion, U.S. nominal GDP was $20 trillion, and U.S. real GDP…

A: Fisher  a classical economist gave the theory of money demand and price which was expressed as…

Q: ENGINEERING ECONOMICS The ABC Foundation expects to award Php15,000,000 in grants to public high…

A: B/C ratio(Benefit-Cost Ratio) is used to do a cost-benefit analysis. The relative costs and benefits…

Q: hat is the amount produced, at the end of 5 years, by annual deposits of $2,000,000.00 at a rate of…

A: Constant annual deposit = 2000,000 Time = 5 years Interest rate = 6 % annually

Q: by two family members 7. Firm 1 produces output X with a cost function TC₁=X². Firm 2 produces…

A: Firm 1:- Output=X Total cost=TC1=X2 Firm 2:- Output=Y Total cost=TC2=Y2+XY Competitive price of…

Q: Would you consider your demand for gas to be relatively elastic or inelastic? What changes do you…

A: Price elasticity measures the responsiveness of demand to changes in price. Elastic demand is…

Q: The international Bank for Reconstruction and Development known as                           came…

A: There was a huge economic as well as human loss during World War II. Almost all the nations which…

Q: Determine the total revenue equation, the marginal revenue, and the average revenue equation, total…

A: Total Cost : TC=440+4Q+0.0001Q2 Demand : P=10-0.0004Q   Total Revenue: Product of price and quantity…

Q: 1992 1993 1994 Mousepads Price Quantity $8 17 $10 29 $14 48 Price $3 $5 $6 Maps Quantity 9 11 16…

A: Here, price and quantity of three products are given for three years. Assuming 1992 as base year.

Q: how does discount rate affect inflation?

A: Answer: Introduction: Discount rate: it refers to the short-term interest rate charged by the…

Q: A manufacturing company leases a building for $110,000 per year for its manufacturing facilities. In…

A: A firm's profit remains after all of its expenses have been paid. A corporation's top-line revenue…

Q: 3) Diminishing marginal rate of substitution can be seen when indifference curves A) become flatter…

A: The curve that depicts combinations of goods that could provide the consumer with an equal level of…

Q: How study in economic would benefit the central bank and nation.

A: A study of economics is beneficial for the central bank in the following ways: It helps to…

Q: 3. You are working as a researcher in an economic Institute, you want to study the lation between…

A: 1. The economic meaning of the coefficient is that when the everything held constant by what…

Q: 22

A: Answer: Given, Demand function:P=100-0.5QWhere, Q=q1+q2Cost functions:C1=20q1C2=0.25q22 Let us first…

Q: Is there any graph that can support this answer?

A: