Q: 9. A soot spewing blacksmith producing steel S is located near a laundry where clean clothes are hun...
A: The output of the blacksmith is given by, MCS=PS⇒2S=40⇒Snc=20 If the cleaner equates MC to price, MC...
Q: Thank you !!!!!! Sherry expects to deposit $2000 now, $1000 4 years from now, and $2500 7 years fro...
A: *Answer:
Q: Suppose that as the price of Y falls from $3.00 to $2.80, the quantity of Y demanded increases from ...
A: As per the the information given in question, let initial price be represented as P0= $3.00 and new ...
Q: The price of good Y decreases by 8% and the quantity of good X sold increases by 4%. What is the cro...
A: The formula for cross-price elasticity of demand is: Cross-price elasticity of demand = Percentage c...
Q: d) It is impossible for an Engel curve to be positively sloped for a certain region of income and ne...
A: d) An Engel curve is a graph representation that depicts the association between a good's demand and...
Q: The Lerner index at the equilibrium of the linear Cournot symmetric model is equal а-с to L (n) = wh...
A: Equilibrium price refers to the price under which the supply is equal to the demand in a perfectly c...
Q: D1 Price K N D2 D3 Qty P.
A: When the government raises a tax on a good, the supply curve shifts to the left, consumer prices ris...
Q: 7. A common misconception is that trade takes place between two people because: A. they are willing...
A: The United States has the largest economy in the world, as well as the greatest exporter and importe...
Q: Question 1 Output supply curves always slope up in the one-input model. O True False
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...
Q: A car financing firm offers the following scheme for an entry level Toyota Rush 2021 model: Selling...
A: NOMINAL RATE IS THE ANNUAL INTEREST RATE WITHOUT CONSIDERING ANY EFFECT OF COMPOUNDING. THIS RATE IS...
Q: When the Fed raises the federal funds rate, the US dollar and net exports O a. appreciates; decrease...
A: Federal funds rate is the interest charged on the borrowing and lending transaction between banks th...
Q: a. Explain the meaning of each of these equations. b. What is the marginal propensity to consume in ...
A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...
Q: Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she ...
A: * SOLUTION :-
Q: 6. Mexico and Canada have flexible exchange rates. Suppose the real interest rate in C increases rel...
A: In an economy, savings and speculation give the main financial connection between the past, the pres...
Q: Suppose there is another consumer in the market for hamburgers, Mort. His demand schedule is given b...
A: Equilibrium occurs at the intersection of demand and supply curves, that is where quantity demanded ...
Q: Tom says the economy should focus more on producing fun things people can buy if it is going to grow...
A: Answer: In my point of view, Tom is right because when economic growth is in question, then consumer...
Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6- year...
A: Cost of equipment = 65000 P Salvage value = 3000 Time = 6 years
Q: Gulf Aluminum Extrusion (GAE) plans to replace its existing extrusion facility with a new one. GAE i...
A: The indifference point is the level of volume at which total costs, and hence profits, are the same ...
Q: 5. The demand function for good X is InQ-a+bin P, +cln M +e where Px is the price of good X and M is...
A: The own price elasticity of demand is the percentage change in the quantity demanded of a good or se...
Q: w does a competitive industry affect unions? A. Unions can exercise higher monopoly power. B....
A: A competitive market structure have large number of sellers selling homogenous good in the market. T...
Q: market consists of groups of buyers and sellers of a good or service. Market equilibrium represents ...
A: The equilibrium is established where the demand and supply forces are equal. The change in the deman...
Q: For each of the following examples, explain whether it is a case of external or internal economies o...
A: - External economies of scale happen when the expense per unit of result relies upon the size of the...
Q: Identify each of the following acts as representing either saving or investment. a. Lan uses some of...
A: An entity or organization that is being engaged in activities of professional, commercial, or indust...
Q: Thomas has the following utility function over milkshakes (m) and smoothies (S): U (m,s) =m+ 3s Toda...
A:
Q: Statement I: The Economic Entity theory holds that people have unlimited wants but limited resources...
A: The concept of Scarcity is discussed in given statements where we have to make choices because of th...
Q: a. Explain briefly what the consumer price index tries to measure? b. Describe three problems that m...
A: a) CPI or Consumer Price Index is a metric/measure that measures the average change in prices paid b...
Q: You are a manager of an advertising company. The company is running short of funds, so you decide to...
A: It's tough to say whether cutting costs or growing income is more vital for all businesses. There ar...
Q: Figure 9 Cost curves for a price-taker firm Figure 9 shows a price-taker firm, with average cost AC,...
A: The curve that depicts the various quantities of goods being demanded by individuals by various leve...
Q: 1. What is DACA? DACA is a government program that, A. protects eligible youth who came to the Unite...
A: Basics:- DACA stands for Deferred Action for Childhood Arrivals. This program was initiated during P...
Q: "Fed Chair Jerome Powell said he supports a traditional quarter-point increase in the Federal Reserv...
A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount borro...
Q: For each of the following pair of goods, which good would you expect to have more price elastic dema...
A: Price elasticity of demand: It is a measurement of the change in the consumption of a product in rel...
Q: Suppose a country is experiencing a situation where output is above the full employment level of out...
A: Full employment is reached where the all resources are used or employed efficiently.
Q: Is globalization a phenomenon or a trend? Justify your answer
A: Globalization is a phenomenon and has been discussed in detail in the following step.
Q: Using the data in the above table, the average fixed cost of producing 16 units is
A:
Q: NOTE: pls explain what’s on the image attached
A: Crop insurance aims to help small farmers in the event of crop loss. The feasibility of crop insuran...
Q: A. Define a "discouraged worker" B. Indicate what may be happening in the economy when the unemploym...
A: Answer: A. Discouraged workers: Discouraged workers are the unemployed workers who have stopped look...
Q: Consider the problem of an entrepreneur/borrower with no money and a project requiring L=200 to be c...
A: As per the question , Entrepreneur can work hard or shirk . Returns are same in both conditions but ...
Q: The following figure represents the situation before and after trade openness of a domestic country ...
A: Given the PPC for the home country, we can see that the production takes place where the value of pr...
Q: Discuss the difference between accuracy and precision.
A: The area of distribution, production, and trade along with consumption of various services and goods...
Q: Price (dollars per bushel) Quantity demanded (bushels) 8 2,000 7 4,000 ...
A: If one takes change in price from $8 to $7 per bushel then the quantity demanded of snow peas increa...
Q: Elasticity of demand depends on a number of factors, including whether the product in question is a ...
A: Elasticity (ed) of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) o...
Q: Below is a year-end cash flow diagram in dollars, deferred in some years. MARR = 2.7% Find the value...
A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...
Q: Suppose that the inverse demand for San Francisco cable car rides is p = 10 - Q/1,000, where p is th...
A: Revenue refers to the total amount that the sellers or producers of a good or service receives in se...
Q: Calculate the steady state level of investment in an economy with a savings rate of 15%, population ...
A: The steady-state level of investment in an economy is when investment is equal to the depreciation, ...
Q: What is a product possibility curve?
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...
Q: Which of the following statements is TRUE? The marginal product and average product curves in...
A: The Marginal Product (MP) refers to the addition made to Total product at each level of output. The ...
Q: Which of the following is NOT an advantage of buying an existing businesses? financing opportunities...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: Cost LRAC B A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run ave...
A: In economics, when the firm expands or grows then there exists a change in its cost too. When the fi...
Q: The Prime Minister claims that funding the increase in NHS and social care spending by national insu...
A: We show the Màrket bàlance can be defined as a market situation in which the availability of goods a...
Q: Khaled has developed a new technology device that is so exciting he is considering quitting his job ...
A: Total variable cost is the aggregate amount of all variable costs associated with the cost of goods ...
Need correct answer with why other options are incorrect . If you can't explain , not answered the question. Good answer I also give thumbs up.thank you !!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Based on the Balance of Payments account presented in this table, the net exports are: a. 2300 b. -2600 c. -300 d. -2001. Given the following national income and product accounts data, compute I, NX, NI, PI, DI, NNP, GNP, and GDP Depreciation Amount of national income not going to households Compensation of employees Corporate profits Dividends Exports Government consumption and gross investment Imports Indirect taxes minus subsidies Net business transfer payments Net interest Net private domestic investment Personal consumption expenditures Receipts of factor income from the rest of the world Personal income taxes Proprietors' income Payments of factor income to the rest of the world Rental income Statistical discrepancy Surplus of government enterprises 3. 12,532 2005 489.4 2006 505.7 12,746 2007 526.7 13,011 2008 553.0 13,275 2009 565.8 13,503 2010 563.1 2011 553.5 13,757 1,215 The following table provides information about Canadian economy for a seven-year period, given 2006 is the base year. Year Real GDP Labor force Unemployed Employed Unemployment Population (Billions) (Thousands) (Thousands)…In an economy:- Gross domestic capital formation = $70 million Depreciation = $35 million We have to calculate the value of net domestic capital formation
- If you have the following data that representing an economy of a country as follow: transfer payments Indirect taxes 355 315 Wages social security deductions personal taxes (direct taxes ) Imports 2335 125 410 350 Rent 250 income of foreigners inside Jordan Exports retained (undistributed) profit 450 145 70 Interest Depreciations transfer payments 360 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : • Gross domestic product (GDP) according expenditure approachWhich of these situations will cause the depreciation in the value of the UAE Dirham? a. Increase in the exports of oil and less imports of other things b. Lower exports of oil and an increase in gross domestic product c. Lower exports of oil and a decrease in the gross domestic product d. Increase in the price of oil and increase in exports of minerals and gasIn an economy GNPMP is $300 million, depreciation is $88 million and net national disposable income is $50 million Calculate net current transfer to abroad
- Conclusion about UAE improvements in economic and accountingGive an examples and non-examaples of foreign direct investmentReferto the information provided in Table below to answer the questions that Billions Receipts of factor income from the rest of the world 20 Depreciation Government purchases Imports Payments of factor income to the rest of the world 30 90 40 40 150 90 500 Net private domestic investment Personal taxes Personal consumption expenditures Dividends Exports Amount of national income not going to 10 60 30 households 1- The value for GDP in billions of dollars 2- The value for GNP in billions of dollars 3- The value for NNP in billions of dollars 4- The value for national income in billions of dollars 5- The value for disposable personal income in billions of dollars
- Suppose, the GDP of a country is 50 million, net factor income from abroad is 20 million and depreciation charges are 10 million. Compute the net national product of the country. а. NNP = 70 million O b. NNP = 80 million С. NNP = 60 million O d. NNP = 50 million4. You are given the following information about an economy: Smillions GDP at Market Prices Imports Gross Domestic Capital Formation Income accruing to the Public Sector Retained Business Earnings 1,,669.4 290.5 48.7 39.0 75.9 Exports Subsidies Factor Payments from Abroad Capital Consumption Allowance Income Payments to Foreigners 273.4 16.8 10.0 10.5 19.2 355.6 Direct Taxes Public Sector Consumption Expenditure 490.1 Indirect Taxes 297.3 Transfer Payments 25.7 Derive the following: (i) (ii) (iii) (iv) (v) National Income Net Investment Personal Income Disposable Income Household Consumption Expenditure不 The following national income data are available for a country. All data are in billion dollars. Category Value Residential Investment 100.00 Payments of Factor Income to the rest of the world 50.00 National Income 1,970.00 Inventory Adjustment 0.00 Personal Consumption Expenditure 1,400.00 Depreciation 60.00 Exports 120.00 Nonresidential Investment 200.00 Receipts of Factor Income from the Rest of the World Government Transfer Payment 80.00 200.00 0.00 220.00 Statistical Discrepancy Imports Using the above information calculate the values of GDP, GNP, NNP and Government Consumption and Gross Investment (G). GDP equals $ billion. (Enter your response as an integer.) NNP equals $ billion. (Enter your response as an integer) GNP equals $ billion. (Enter your response as an integer.) Government Expenditureequals $billion. (Enter your response as an integer)