In a totalitarian government, civil society is very restricted or non-existent. True False

Q: Airlines that engage in price discrimination charge higher prices to business travelers because…

A: Price discrimination occurs when the seller is charging different prices to different consumers for…

Q: Suppose AE = 20 - 500r +0.5Y, potential output is 40 and current r=0.02, then Select an answer and…

A: The output gap is the deviation between the actual level of output (Y) in an economy and its…

Q: Other things being equal, this society's current choice of point F on the graph will

A: The points on the PPC are the points that are the optimum production for the economy given the…

Q: This question draws on the supply and demand analysis presented in Appendix 1A. Using a graph, show…

A: The demand is the affordability to pay in the market and willingness to pay the market price for the…

Q: What does it mean and what does it entail if a market is more competitive?

A: According to economic theory, market structure defines and categorizes enterprises based on the…

Q: T/F The fixed cost remains same at all level of output.

A: Cost is the term used in economics to describe the expenses a company or producer incurs when…

Q: Show graph to support.

A: Fiscal policy is the management of aggregate demand by manipulating government expenditure. The…

Q: If the inflation rate is 3%, how much will a house now worth $510,000 be worth in 5 years?

A: Inflation= 3% Present worth of house = $510,000 Tenure = 5 years.

Q: Suppose Alex has the following utility function defined over goods x and y. U (x, y) = xy +10x a.…

A: Since you have posted a question with multiple sub-parts, we will provide the solution to only the…

Q: Phillips Curve - This graph shows the inverse relationship between inflation and unemployment in the…

A: The inverse link between inflation and unemployment in an economy is depicted graphically by the…

Q: Secured Transactions and Bankruptcy-But What If... The First National Bank (FNB), located in Pixley,…

A: A legal procedure called bankruptcy is intended to assist people and organizations that are unable…

Q: The business cycle is the economist's metric for describing the current state of the economy. How…

A: "Economic conditions" generally relate to the state of the economy at a certain period in time, as…

Q: Marginal output = -0.125x+1, Selling price of apples is $200/unit x is the number of units of…

A: Profit maximization is the process of identifying the level of output or production that will result…

Q: QUESTION 12 How many years will it take to quadruple your investment if your savings account earns…

A: Under compound interest, interest is charged on the accumulated amount that is principal plus…

Q: could you show the work for solving (1) and (2) in part A at the end?

A:

Q: Explain in details how high inflation can lead to a recession in several ways

A: Inflation refers to the rise in the general price level or the cost of the goods and services rises…

Q: QUESTION 2 Considering the following scenario. In years 0, 2, 4, 6, and 8, you deposit $1000 in your…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: Eren’s two main hobbies are taking vacations overseas (V) and eating expensive meals (M). His…

A: Compensating variation: When the price of a good changes and hence the consumption bundle, that new…

Q: Using the figure below, calculate the gain from redistributing $25,000 from those earning $100,000…

A: In an economy, there exist various kinds of problems regarding the income of the people. People with…

Q: T/F  The fixed cost incur at even zero level of output.

A: Cost in economics refers to the expenditures spent by a company or manufacturer during the…

Q: Unemployment- which is when persons in an economy have lost their job; however, they are still…

A: Unemployment refers to a situation in which people who are willing and able to work and are actively…

Q: National parks to offer free-entry weekends Interior Secretary Ken Salazar said he hoped American…

A: Encouraging tourism would provide a significant boost to local businesses in the region because…

Q: Your utility function is given by M1/2. You have $100 and are planning to invest in a venture where…

A: Choice under uncertainty: Choice under uncertainty implies such situations when an individual is…

Q: What are the main characteristics of each of the three economic ideologies we've analyzed in our…

A: Mercantilism is an economic ideology that originated in Europe during the 16th century and dominated…

Q: A consumer has the following utility function U (x1, x2) = (x1 + 3) (x₂+4) Prices of the two goods…

A: In part (a) of the question we maximize utility subject to the budget constraint and calculate the…

Q: Which of the following is NOT a factor that influences unemployment:     Regional location…

A: Unemployment refers to the situation where individuals who are able and willing to work are unable…

Q: max U(x1, x2) = 6 min{5x1, 3x2} €1,22 subject to pix1 + P2x2 ≤ 1, P1 = 10, P2 = 18, I = 240.

A: Utility is a subjective concept. It is defined as the satisfaction that a consumer receives when the…

Q: Refer to Figure 6-31. Suppose that a price ceiling is imposed in this market at a price of $60. The…

A: In contrary to what many believe that free markets have little or no government intervention,…

Q: Outline the THREE major stages of economic integration that CARICOM countries have attempted to…

A: Economic integration refers to the process by which countries or regions come together to remove…

Q: Cyclical unemployment is:     typically based on inadequate demand in an economy            also…

A: When people are eager and able to work but are unable to locate employment possibilities, this is…

Q: Consider a non-renewable natural resource with a per period demand curve of P=40-.5q and a marginal…

A: Environmental economics is a branch of economics that investigates the economic consequences of…

Q: Cost-push inflation is depicted as a rightward shift of the aggregate demand curve along an…

A: Inflation measures the percentage change in the price level in the economy.  The price level in the…

Q: By moving from point A to point D, this nation is giving up Capital goods A A B C D E Neither Both B…

A: The PPC illustrates the concept of opportunity cost, which is the cost of one option in terms of the…

Q: What is the equivalent AW of a two-year contract that pays $5,000 at the beginning of the first…

A: Fist Cost = 5000 Increases every month by(g) =  500 MARR(r) = 12% Compounded Monthly Period = 2…

Q: Suppose that the cost of crude oil decreases from $25 to $20 for each barrel of heating oil…

A: Equilibrium Point: In this point, market supply and demand must balance one another to reach…

Q: 2. The demand function for bottled water from Stillwater Springs is Q=25-10P + 51 Where P = the…

A: A demand curve is a graphical representation of the relationship between the quantity of a good or…

Q: that is wrong

A: MPC is the marginal propensity to consume.  Multiplier is calculated using the following formula :-…

Q: Government spending $480 450 541 Your Answer: Tax revenues Year 1 $405 Year 2 434 Year 3 480 Refer…

A: A budget deficit arises when government expenditures exceed the tax revenue; thus it occur if when…

Q: Part III To attract cricket fans back after Covid as well as to cover revenue shortfall, the local…

A: The budget-constrained is the limitation of affordability of purchasing products to satisfy the…

Q: Consider a market with two firms, Coke and Pepsi, that produce soft drinks. Both firms must choose…

A: Consider a market with two firms, Coke and Pepsi.  They produce soft drinks.  Both firms must choose…

Q: Calculate for the equivalent variation (EV) for the price change.

A:

Q: Workers with weak attachment to the labour force is called: Inactive job seekers…

A: The whole population in a given economy or geographical area who are either working or actively…

Q: At what interest rate payable quarterly will payments of Php 500 at the beginning of each 3 months…

A: Given:Quarterly payment (PMT) = Php 500Year (n) = 7Payment frequency = 4Present value (PV) = Php…

Q: following graph, use the blue line (circle symbol) to plot David's production possibilities frontier…

A: In this problem, we are being provided with the production per acre of maize and squash by two…

Q: The graph depicts the market for cable where there is one natural monopoly; AC represents average…

A: A natural monopoly is a firm whose efficient scale of production and entry cost is very large and…

Q: In the event of increased graduates of a particular program, the Market Supply Curve for that…

A: Meaning of Microeconomics: The term microeconomics refers to that situation under which the economic…

Q: The variable shown on the horizontal axis is The units for the variable on the vertical axis are…

A: The relationship between income and the price of a commodity represents a consumer's willingness to…

Q: Your company's cost function (monthly) can be defined as; TC = cost per unit (AC) × quantity…

A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: 2. Montyboy Pet Shop ships boxed can dogfood anywhere in the country. Using the following…

A: Trend forecasting is the process of predicting future buyer preferences and purchasing behaviors…

Q: In case you deposit $1,500 every year for 15 years in a savings account that earns 15% compounded…

A: Given:Interest rate (r) = 15%No of years (n) = 15Annual payment amount (PMT) = $1500Payment due: At…