Q: What is regressive tax?
A: A regressive tax is one in which the average tax burden decreases/falls with income. Low-income…
Q: You are the manager of a gas station and your goal is to maximize profits. Based on your past…
A: Lerner index measures the relationship between profit-maximizing price, marginal cost, and the price…
Q: J. What happens to unemployment during and after recessions? K. What is stagflation?
A: Unemployment refers to the number of population who want to work but do not get work.
Q: Suppose Farmer Smith grows apples. The enitre market for apples is shown in the figure below. Assume…
A: Perfect Competition is a type of market structure where there are a large number of buyers and…
Q: The inescapable economic fact is that Select one: O A. unions are always exploiting firms. B. there…
A: A remark or observation that can be objectively proved and has a major impact on the economy is…
Q: The finished goods inventory of a small manufacturing company is shown below (available in data…
A: ABC analysis, or activity-based costing, is a method of assigning costs to products or services…
Q: Exercise A.8 In a small town there is only one theatre, so the owner company is monopolistic and…
A: Monopoly refers to a market situation in which there is only one seller/vendor in the market which…
Q: Refer to Graph 2. Suppose the TANF program is established. What is the individual’s consumption if…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Based on Kate's and Hubert's respective willingness to pay, plot the market demand curve on the…
A: A consumer buys a product only if the consumer's willingness to pay is greater than or equal to the…
Q: Consider the time series below. Complete parts a and b below. Period 1 Demand 12 The forecasted…
A: To compute the three-period weighted moving average, we use the formula: Forecast for period t+1 =…
Q: Suppose demand is given by Qxd = 50 − 4Px + 6Py + Ax, where Px = $10, Py = $2, and Ax = $50. What is…
A: Price elasticity is calculated as the percentage change in quantity divided by the percentage change…
Q: Suppose that the marginal benefit of writing a contract is $125 and the marginal cost of that…
A: Marginal benefit is the benefit derived from an additional unit. Marginal cost is the cost of…
Q: An economist estimated that the cost function of a single-product firm in a perfectly competitive…
A: In perfectly competitive market there are a large number of firms selling identical goods. This…
Q: 2) Is the marginal utility of money income uniquely defined? 3) Examine the responses of an…
A: Marginal utility means the satisfaction received from consuming an additional unit of a good.
Q: Rochelle is the manager of a firm that sells its product in a monopolistically competitive market…
A: Demand curve is the downward sloping curve. Total revenue is the product of price and quantity.…
Q: If you have a taxable income of $423,340.00, what is your top marginal tax rate? total tax bill? $…
A: Income tax is the direct tax paid by the person. The progressive tax is when the tax rate increases…
Q: ACB Corp is a CCPC with $300,000 of taxable income. That amount is made up of $50,000 in non-active…
A: Tax is a charge imposed by the government on the certain income level which is called income tax. So…
Q: The graph given shows the supply (Qs = 2P) and demand (Qp = 24-P) for cigarettes. If there is no tax…
A: Consumer surplus is the benefit that the consumer earns from the market competition. The consumers…
Q: Assume the relationship between the car repair price (SP) and the quantity demanded (q units) is P =…
A: Monopoly is a market structure in which there is a single seller of a particular product or service.…
Q: What was nominal GDP in each year? What was real GDP in 2010, in terms of year 2000 dollars? What…
A: Gross domestic product (GDP) measures the market value of final goods and services produced within a…
Q: Stephanie is looking to hire workers to help her produce earrings. The current hourly market wage…
A: Marginal resource cost refers to the change in the total cost when one more unit of the variable…
Q: If columns (1) and (3) of the demand data shown are this firm's demand schedule, the…
A: The profit maximizing price for the firm is achieved at the level where MR = MC and the firm would…
Q: Suppose that the industry demand curve is given by the following quantity demanded = 100 – 0.5…
A: Marginal revenue is important in determining the profit-maximizing level of output for a firm, as it…
Q: PRICE LEVEL 100 100 130 120 110 100 8 O 100 200 300 400 500 600 OUTPUT (Billions of dollars) ₂ AD₁…
A: The total amount of goods and services demanded in an economy at a given price over a given time is…
Q: Suppose an individual's initial budget constraint for good X and good Y is represented by BC₁. When…
A: The budget shows the combination of two goods that a consumer can purchase with his/her available…
Q: Name: Japan and the United States are major trading partners and the exchange rate between the…
A: A rise in real income in the US would increase demand for Japanese imports by US residents. If…
Q: Presently, Alpha Chemical and Beta Cleaners are the only suppliers of services that clean and…
A: Demand function P=800-8Q TVCa=3Qa2 TVCb=5Qb2
Q: A company manufactures two types of leaf blowers: an electric Turbo model and a gas-powered Tornado…
A: Given, Cost per unit of Tornado model= $111 Cost per unit of Turbo model =$ 74 Total Outlay= 63,640…
Q: If the MPC is 0.75, then the spending multiplier is: 4. 3. -3. 0.75.
A: The spending multiplier formula: spending multiplier =11-MPC Spending multiplier gives us the total…
Q: I. Refer to the Unit 3 Learning Journal Elasticity Tables document to complete the assignment.…
A: Price elasticity of demand is the percentage change in quantity due to percentage change in price.…
Q: There has been much publicity about bonuses paid to financial sector workers. Just how large are…
A: Given the time series data for bonus where we have years and the corresponding bonus
Q: QUESTION 7 The size of the effect of a given deposit of cash into a demand deposit account on the…
A: The required reserve ratio of a bank depicts the minimum amount of deposits a bank must keep as…
Q: Ria earns an income of $2,000 per month Assume that she can either buy 5 laptops or 10 mobile phones…
A: A utility function is a mathematical formula that outlines a person's preferences for various…
Q: Data collected from the economy of Pokerville reveals that a 16% increase in income leads to the…
A: Income elasticity of demand measures the responsiveness of change in demand for goods to change in…
Q: For this discussion, assume the role of CEO of one of the following hypothetical companies: All…
A: Elasticity of demand refers to the percentage change in the quantity demanded of a commodity with…
Q: How can we become a Circular Economy?
A: A circular economy aims to minimize residuals and waste and tries to optimize resource use by…
Q: Consider the following modified Cournot-game. Firm 2 is run by its owner whereas Firm 1 is run by a…
A: The Cournot model is a game theory model. It is a competition between two firms producing…
Q: Explain what happens when an economy experiences contractionary monetary policy. Be sure lo discuss…
A: The type of monetary policy aimed at reducing the supply of money in an economy, which results in…
Q: If the Federal Reserve wants to increase the money circulation they could take all of the following…
A: Money is the medium of exchange which is used to buy any commodity. Equilibrium in money market is…
Q: 1) Ms A’s indifference curves for water and diamonds satisfy the assumption of strict convexity, and…
A: “Since you have posted multiple questions, we will provide the solution only to the first question…
Q: You start a business after inventing and patenting a design for a cleaning robot. Given your patent…
A: Profit maximization is a core concept in economics that refers to the goal of firms to maximize…
Q: If good X is represented on the X axis and good Y on the Y axis, what will happen to the budget line…
A: Budget constraints shows the relationship between the two goods , their prices and the income of the…
Q: Bob's farm harvests corns worth 89 dollars (and nothing else). In each year, there is a 30% chance…
A: In economics, utility refers to the satisfaction or pleasure that consumers derive from consuming…
Q: The Rule of 70 is used to Select one: O A. calculate the standard of living. B. estimate how much of…
A: The rule of 70 is a mathematical shortcut that gives a smooth way to estimate how long it will take…
Q: Income range Tax rate $15,000 and below 5% 8% $15,001-$30,000 $30,001-$60,000 12% $60,001-$120,000…
A: The meaning of marginal is one additional unit. Marginal tax rate is the percentage of tax that is…
Q: If real GDP is $12,150 billion and aggregate labour hours are 270 billion, labour productivity…
A: Labour productivity is given as total output divided by total labour hours
Q: Consider the standard job search model as described in the text. (a) Why are the asking wage and…
A: (a) In the standard job search model, the asking wage is positively related to the expected…
Q: Which one of the following variables is not held constant along a given aggregate demand curve?…
A: The AD-AS model has value in macroeconomics since it represents the link involving aggregate demand…
Q: A monopolist facing the demand curve Q = 42 – 0.6P operates with constant average and marginal costs…
A: Q = 42 – 0.6P MC=AC=20 Different market demand functions Q1 = 12 - 0.1P1 Q2 = 30 - 0.5P2
Q: Which of the following pricing strategies does not usually increase the profits of firms with market…
A: A firm with market power has the ability to change the price of market. The firm with market power…
Step by step
Solved in 5 steps with 4 images
- A company plans to modernize its facilities in 7 years. They estimate saving $6,710 per month if they sell some of their machines now, and salvage them for $14,632. They also think 2 years from now their current $1,441 per month O & M costs will increase by 1.03% per month until they sell the rest of the machines to modernize. How much capital will they have available to modernize if they place all the savings into an account that pays them a nominal 17.37% rate, compounded 6 periods per year?(engineering economic) The $56000 loan bears interest at 12% annually and must be repaid in uniforrm annual installments over 12 years. After the 6th installment is paid, the bank offers a change in interest from an annual to a monthly rate. For borrowers who are willing to follow the new interest will get cash back (loan reduction of 10% of the remaining loan. How many annual installments for the first 6 years before interest changes and the last 6 years after interest changes?Engineering Economics A man deposits P58,454 each year into his savings account that pays 2% nominal interest compounded continuously. How much will be the worth of the account at the end of 5 years?
- Gabriel bought a new car worth P2M. He made a downpayment worth “X” pesos. After this, he must pay the balance in equal monthly payments for 5 years starting 3 years from now. If the interest rate is 12% compunded monthly and the monthly payment is worth P50,000, determine the unknown downpayment X.A generator costs P 85,141 if paid in cash. On installment plan, a buyer should pay P 30,001 downpayment and 10 semi-annual installments, the 1st installment payment is due at the end of the 1st year after purchase. If the interest is 19 cpd. semi-annually, find the semi-annual payment.What is the equivalent annuity starting in year 1 and ending in year 5 for the following project (assume i = 7%) Cash flow ($) n (year) |-1000 2 |-600 -500 3 4 |-100 A) 472.7 B) 474.7 C) 471.0 D) 474.1
- An engineer will deposit 15% of her salary each year into a retirement fund. If her current annual salary is S80.000 and she expects that it will increase by 5% each year, what will be the present worth of the fund after 35 years if it carns 5% per year? 12) % The State University is considering funding options for a new engineering building on campus. The money has been raised for the construction costs and now the focus is raising funds for the annual upkeep .8 and maintenance (U&M) expenses. For this build- ing, contractors will be hired with a series of 3-year agreements over the 30 years. Under each contra the university will pay $125,000 at the beginning o. each 3-year agreement to cover all U&M building expenses over that 3-year period. The first 3-year agreement begins when the building opens. A wealthy alumnus has agreed to donate enough at the building's opening to cover the U&M expenses over the 30-year term. If money invested by the school's engineering foundation earns 6%…A man plans to invest for a quarry operation which he will gain a net income of P 800, 000.00every end of the year for 5 years then the operation will be terminated. At what rate (%) does he receive interest on his P 5, 000, 000.00 investments at the end of each year if he accrues a replacement fund to recover his capital by annual investments at 5%?8 - A contractor will face negative cash flow in the construction project as shown below. This is due to the late payment of monthly progress payments by the employer and the fact that the cash guarantee is kept by the employer until the end of the project. The interest on the money that the contractor will borrow to meet this negative money flow is 2% per month. If for the month of March 45 000 p.b. instead of 15 000 p.b. How much less would he have paid in total if he had borrowed interest-bearing? January -85 000 p.b. (currency unit) February -120 000 p.b. March -45 000 p.b. April -90 000 p.b. May -63 000 p.b. June -15 000 p.b. July + 10 000 p.b. August + 408 000 p.b.A) 29 146B) 34 750C) 38 486D) 35 186E) 33 123
- Ima Good-Student is an engineering student at AMU. She is need of a vehicle to commute to school. She is interested in a crossover vehicle that costs $22,000. The dealer will provide a four year loan at 15% APR (nominal interest rate) which is compounded monthly. The dealer will provide $6000 for her trade in vehicle. Ima's month payment will be most nearly: O a. $612 O b. $445 O c. $381 O d. $470Fast pls solve this question correctly in 5 min pls I will give u like for sure Svtrik An early payment of $4574.73 was accepted instead of a scheduled payment of $4850.00, allowing for interest at the rate of 8.75%. How many days early was the payment? (The answer is 251 days early but not sure how to get that answer)Azero coupon bond will be worth $11,000 when it matures and is redeemed ater 13 years How much would an investor be wiling to pay now for this bond ifa 3% per year yield is desed Click the icon to view the interest and annuity table for dacrete compounding when /3% per yea The current worth of the bond is Round to the nearest dolar)