Identify whether each of the following examples belongs in M1 or M2. If an example belongs in both, be sure to check both boxes. Example Megan has $7,000 in a two-year certificate of deposit (CD). Felix has $1,200 in a checking account. Larry has $25,000 in a money market account. M1 0 M2 0 0

Q: The graph shows the demand curve for coal. The government imposes a tax on coal and the buyer pays…

A: Given  The tax imposed is paid by the buyer only  We know that the perfectly elastic side does not…

Q: 24- 20- Price and cost (cents per kilowatt) 16- 12- 8- S=MC Q

A: Marginal cost alludes to the increment or diminishing in the cost of producing another unit or…

Q: How does socio-cultrual environment affect business decision-making I Give a brief social culture.…

A: The collective beliefs, practises, and behaviours of a society make up its social environment. When…

Q: Short answer question. Discuss how a firm’s demand for labor and the wage rate might change if the…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: what are the effects and consequences of deflation?

A: Deflation is also known as negative inflation. It is a situation where the general price level of…

Q: 4a "Chinese workers earn only $0.75 an hour; if we allow China to export as much as it likes, our…

A: In business and economics, imports are the products that get into a country from other countries.…

Q: 13. IfQ-K12L2 the MP, is a. diminishing b. increasing C. constant d. not enough information to…

A: Given: The production function:  Q = K1/2L1/2 To Find: The marginal product of labor (MPL):

Q: Canada's dairy industry is a rich, closed club If you want to be a dairy farmer, you buy a plot of…

A: A deadweight loss is an expense for society made by market inefficiency, which happens when supply…

Q: Suppose you know that the value of an investment grows exponentially. Using the exponential curve…

A:

Q: Create a graph that shows the cost curves and profit maximizing output level for a perfectly…

A: A perfectly competitive firm is characterized by five factors: infinite number of buyers and…

Q: The Bureau of Public Highways is considering possible types of road surfacing with cost estimates…

A: We are going to use pw approach to answer this question.

Q: 1. Which of the following will shift the Aggregate Demand curve to the left? (Select All that Apply)

A: Aggregate demand is the total demand for final goods and services produced domestically.  Aggregate…

Q: The graph shows the market for mugs in which the government has imposed a tax of $4 per mug. Draw a…

A: Producer surplus is the aggregate sum that a producer benefits from producing and selling a quantity…

Q: The perfectly competitive output level is Pareto-optimal because at this output level Paras output…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Consider the following oligopolistic market. In the first stage, Firm 1 chooses quantity q₁. Firms 2…

A: Given information There are 3 firms Demand function P=100-Q Q=q1+q2+q3 C1=5q1 C2=4q2 C3=4q3

Q: Component of agriculture

A: Agriculture economics is the study of agricultural practices, situations, and policies from a…

Q: 3. Consider two countries, A and C. At the beginning of the year, the CPI of Country A was 100,…

A: Foreign Exchange  Exchanging currencies between nations at market rates is referred to as the…

Q: $30 a week boost to minimum wage The government increased the minimum wage by $30 a week to $570 a…

A: Minimum wage is a price floor that sets the minimum limit on the price level.

Q: on to read the news clip, then complete the following steps. he market for fast-food workers. w the…

A: Minimum wage is the lower limit on the wage rate. It is binding if it is set above the equilibrium…

Q: A firm will shut down in the short-run whenever* price is less than ATC. price is less than AFC.…

A: A short run is a time period in which at least one factor of production is fixed and the rest can be…

Q: The following sample observations were randomly selected. (Round intermediate calculations and final…

A: Given  y X 4 5 6 5 5 3 7 6 2 7 We have to find the regression equation y=β0+β1x

Q: Whatvis the money flow

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: The difference between economic profit and accounting profit is that economic profit is calculated…

A: Introduction A producer will be in equilibrium if he maximize his revenue and minimize his cost.…

Q: function for Product X is given by the equation Qd = 100 – 5(P) and the supply function is given by…

A: Product X is provided by the equation as, Quantity demanded  Qd = 100 – 5(P) and the supply function…

Q: The demand of a product Y depends on its own price (P), and the price of another product X (P.). The…

A: Price elasticity of demand is a measurement of the change in consumption of a product in relation to…

Q: d. Calculate the prices to be paid by individuals A (PA) and B (PB), respectively. PA = RM_ e.…

A:

Q: Questions 1. I years, especially around cities, there is the problem of air pollution and think that…

A: The resources that are available in limited quantity are Scarce resources. Scarcity is when the…

Q: Since in competitive markets the goods are nearly identical,   Group of answer choices   A.…

A: Competitive market is a market structure in which there are many buyers and many sellers. There is a…

Q: How long will it take for P1,000.00 to amount to P1,346.00 if invested at 6% compounded quarterly?

A: According to the formula of compound interest rate we get: A=P(1+rn)nt Here A=P1,346.00 P=P1,000.00…

Q: Important of capital

A: Factors of production are the main components used in the process of production which are Capital ,…

Q: The government has increased the minimum wage by $30 a week to $570 a week. Unions wanted a $35 a…

A: Minimum wage laws distort the market. Minimum wage laws below the market equilibrium do not have any…

Q: What do you understand by people as a resource?

A: Human capital is defined as the economic value of the worker's education and training. To be…

Q: 1. The market price for this good is $3. This represents the firm's marginal revenue. 2. The table…

A: Qunatity(Q) Total revenue(TR)=PQ Marginal revenue(MR)=P Total cost(TC) Average cost(AC)=TC/Q…

Q: The table shows the demand and supply schedules for hay before and during a major drought. During…

A: Price  Demand before drought   Supply  Demand during drought 0 40 0 70 1 35 5 65 2 30 10 60…

Q: Effect of tax on economic activity Suppose a per unit tax is imposed on perfectly competitive,…

A: Perfect Competition Market  Perfect competition refers to a type of market where there are many…

Q: 1. The country of Toyville produces only two types of toys: wooden trains and dolls. The table below…

A: GDP refers that Gross Domestic product which means that , total production of goods and services…

Q: a. how much potential output was lost as a result of the Trump tariffs? b. If a new house costs…

A: a.) If GDP grew by $800 billion in 2019 potential output was lost as a result of the Trump  tariffs…

Q: The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the…

A: As a negative effect of COVID -19 economies  have taken a hit on consumer sentiment which directly…

Q: (d) What is the variable cost? ta What is the fixed cost?

A: since the cost of renting tuxes for choral societies formal is $19 down plus $85per tax. so, The…

Q: What is Elastic Demand?

A: Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation under…

Q: Question 4 of 10 A market economy is best described as an economy that: A. gives the government…

A: "An economic system include different systems used by businesses/governments to interact and to…

Q: New York has the highest cigarette taxes in the country. The price of an average pack of cigarettes…

A:

Q: Anita's firm has a total variable cost of 2q2-85q and total fixed cost is 200 1. find the firm…

A: Introduction Total cost is the addition of total variable cost and total fixed cost. Total fixed…

Q: estion 5 Which statement is CORRECT? By keeping actual output approximately equal to potential…

A: When studying macroeconomics, it can be seen that the potential output refers to the level of output…

Q: If disposable income rose from $40,000 per year to $42,000 and desired consumption expenditures rose…

A: Marginal propensity to consume is defined as the responsiveness of the consumption in an economy to…

Q: Lino borrows $600,000 with interest at 14% compounded quarterly. He agrees to settle this obligation…

A: It is given in the question that, Present Value(PV)=600,000 Interest rate(i)=14/4=3.5% or 0.035…

Q: Nintendo, a leading manufacturer of video games is about to introduce four new games. The…

A: The factors of production are the elements employed in the production process by the enterprise in…

Q: importance of market structure

A: In economics, market structure refers to how various industries are categorized and distinguished…

Q: he graph shows the market for flashlights in which the government has imposed a tax of $6 per…

A: Equilibrium is achieved at a point where demand is equal to supply. Tax refers to the difference…

Q: An economist argues that countries that have spent the most in higher education in the past 10 years…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…