If people use ketchup packets as a medium of exchange, what type of money would they be?

Q: Stewart will have a total wealth of $12,000 this year, if he stays healthy. Suppose Stewart has a…

A: Introduction Total wealth of Stewart is $12,000. If he remains healthy then his wealth will be…

Q: If the monopolist is incurring a short run economic loss, what are some options the monopolist has?…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: According to the lectures, which of the following ideas are representative of (neo)classical…

A: According to neoclassical theory, a firm's level of investment should be determined solely by its…

Q: Efficiency means Multiple Choice O O о the amount of output you generate given the amount of input.…

A: When all items and techniques of production in an economy are dispersed or assigned to their most…

Q: Assume you are examining the economy of India. Assume the Indian economy is initially in…

A: The measure that depicts the final value of goods and services during a specified period of time is…

Q: Suppose a closed economy with no government spending or taxing is capable of producing an output of…

A: Consumption is the sum of Autonomous consumption and induced consumption. Autonomous consumption…

Q: In the short run, the technological change will cause the price to fall from P₂ to P₂- In the short…

A: In the short-run, the technological improvement is difficult and the inputs are constant supply not…

Q: A demand function for a product is P = 100 – 2.2Q and its supply function is P = 2.8Q, where P is…

A: The red line shows the demand and the blue line shows the supply.

Q: The least integrated category of economic integration is O a. A customs union O b. An economic union…

A: Trading is a process that takes place when two or more countries exchange goods and services with…

Q: A decrease in a country's capital stock occurs when Multiple Choice ____ businesses sell machinery…

A: Fixed Capitals: Fixed capitals are those capitals that are used for a longer time and play an…

Q: If the Ricardian equivalence holds true, then... Select the correct answer below: increasing the…

A: Expansionary fiscal policies are such policies that are implemented by the government in order to…

Q: Prospect Z = ($7 , 0.25 ; $19 , 0.50 ; $26 , 0.25) If Anna's utility of wealth function is given by…

A: Prospect Z = ($7 , 0.25 ; $19 , 0.50 ; $26 , 0.25) and Anna's utility of wealth function is given by…

Q: Monetary policy and the market for bank reserves Suppose the federal funds rate is not close to…

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

Q: 3 2 Variable Input the diagram of product curves suggests that Multiple Choice when marginal product…

A: In the above diagram, curve 1: Marginal Physical Product curve. Curve 2 : Average Physical Product…

Q: Suppose that the market demand for facial mud packs are given as follows: P = 2,200 – Q. Mud packs…

A: Given, Market demand: P = 2200 - Q

Q: The computer industry developed a new technology that reduces the number of resources used to build…

A: Aggregate demand: Aggregate demand can be defined as the sum total of all the goods and services…

Q: 7. Use of discretionary policy to stabilize the economy Should the government use monetary and…

A: Aggregate demand- aggregate supply model determines the equilibrium real GDP.

Q: Brooke is evaluating two alternatives for improving the exterior appearance of her Victorian-style…

A: Cost = $10500 MARR = 10%

Q: Consider an AS AD diagram.  What would happen in the model if Energy prices increased? Group of…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: Economics A monopolist competition firm has MR=MC=50, ATC=40, P= 35 at the current outpur level of…

A: We have given MR=MC=50 , ATC=40 and p=35

Q: competition Consider the monopolistically competitive market structure, which has some features of a…

A: Introduction 1. Price-takers are prevalent in most competitive markets. Consumers will just obtain…

Q: uppose output and income is equal to 16100, the marginal propensity to consume is 0.65, and…

A: Consumption is the sum of Autonomous consumption and induced consumption. Autonomous consumption is…

Q: If the reserve ratio is 0.5 and no individuals hold currency then the money multip could be as high…

A: Required reserve ratio is the minimum requirement that a bank needs to hold as reserves.

Q: Identify a firm’s short- and long-term financial needs.

A: Meaning of Financial Assets: The term financial assets refer to the situation, under which these…

Q: 1. Define each of the following terms: a. economies of scope experience good internal rate of return…

A: a. Economies of scope - Economies of scope states that when the production of one good reduces the…

Q: 3. Assume that a firm which produces an output according to the following function is attempting to…

A: Given production function q=f(K,L)=(0.5K12+0.5L12)12 Price of labor=WPrice of capital=r

Q: Compute the nominal GDP Year: 2021 Value added of agriculture, fishery and forestry sector Value…

A: Nominal GDP = C+I+G+NX

Q: What are the three main sources for economic growth in any economy?

A:

Q: Company A will pay dividends according to the following Time Dividend amounts 1 $10 2 $7 3 $6 $2.75…

A: Answer; Value of share is equal to $36.10

Q: If current real GDP = $52 trillion and potential real GDP = $61 trillion, then the “GDP gap” = Group…

A: GDP measures the value of goods and services that are produced with in the country during a period…

Q: The maker of a leading brand of low-calorie microwavable food estimated the following demand…

A: Given, Assume the following values for the independent variables: Q = Quantity sold per month P (in…

Q: a. Construct the cost-of-living index number for 202 2 the basis of 2019 from the given data.…

A: Cost of Life Index Numbers: Cost of Living Index Numbers are unique index numbers that are used to…

Q: Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price…

A: Brand differentiation and monopolistic competition are inextricably linked. In a field characterised…

Q: price levels. Assume that this effect is independent of the price level, that is, the AD curve has a…

A: The correct answer is given in the second step.

Q: Sort each of the items below based on if it is true of network goods or not. True of Network Goods…

A: Introduction Network goods are that type of good in which value of a consumer has increased when…

Q: If aggregate expenditures are equal to 15,000, and GDP is 20,000, then unplanned investment is…

A: At equilibrium, Aggregate expenditure is equal to GDP. That means planned expenditure equal to GDP.…

Q: Use the table below to answer questions about Christina's Christmas Wreaths. Christina operates in a…

A: The incremental costs spent when producing additional units of a good or service are referred to as…

Q: Menchie bought his brother a laptop 5 years ago which has a cost of around 25,000PhP. The laptop’s…

A: The given variables are: Initial cost = PhP 25,000 Life = 10 years Semi annual maintenance after 5…

Q: The task to complete is to create a market scenario for a branded handbag. (You can google handbags…

A: Monopolistic competition is a market structure in which a large number of companies produce products…

Q: 1. Let preferences of both individuals be given by log(c) +log(c₂). Suppose that the endowment…

A: There two individuals in an economy with symmetric utility function.  Total supply of a good is the…

Q: 7. Assume that the town citizen's have the right to free air and the factory does not have the right…

A: Since you have posted a question with multiple sub–parts, we will solve the first three sub-parts…

Q: $ 2.9 (b) How large is its dividend? Instructions: Enter your response rounded to two decimal…

A: The implied rate is an interest rate equal to the difference between the spot rate and the forward…

Q: 15. Consider a single competitive firm that starts off with zero capital in time 1. It's trying to…

A: * SOLUTION :-    (10) Given that ,

Q: Because of Environmental Protection Agency pollution credits to biodiesel producers, biodiesel…

A: Answer is given below

Q: 229 I invest $10,000 in an for 3 account years. The interest is 5% annually. How much money will I…

A: Given information, Principal amount (P): $10,000 Interest rate (r): 5% annually Time period (t): 3…

Q: Explain the theories of Emile durkheim in industrial relations shortly.

A: Emile Durkheim was a social scientist from France who pioneered a technique for merging empirical…

Q: A corporation decides whether to undertake a project that requires an investment of $150 million now…

A: Answer;

Q: Answer the following questions about stabilization policy. What do we mean by stabilization policy?…

A: The Stabilization policy can be defined as a strategy enacted by a government or the central bank of…

Q: Today, you invest ₱100,000 into a fund that pays 25% interest compounded annually. Three years…

A: The realistic portrayal of each money related esteem with time is known as cash flow diagram. The…

Q: Higher domestic prices will cause consumption; decrease; decrease O investment; increase; increase O…

A: Aggregate demand is the sum of consumption, investment, government spending and net exports in an…