other steps could be taken to make people more knowledgeable about the journey that food takes from farm to table?

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A: When we try to analyze the trend of various aggregates like GDP, Unemployment , inflation , FDI etc.…

Q: Xinyi has an income of I = 140, and faces prices px = 1 and py = 2. Her utility function is U(x,y) =…

A: Utility function : U(x,y) = xy + x Px = 1 , Py = 2  Budget Constraint : 140 = x + 2y  Optimization…

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A: Present worth is the discounted value of money at a given interest rate for a given time period.…

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A: Introduction Elasticity of demand tells that how much price is responsive to the demand. Less…

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A: Given  Demand function: Q=15.6-0.5p To draw the demand curve, we just require x-intercepts and…

Q: A consumer of two goods has indirect utility v(p,w) = (a) Find the indirect money-metric utility…

A: The answer to the above question is as follows:

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A: There are various factors responsible for a shift in demand curve. An increase in demand shifts the…

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A: We know that A monopoly is when one business holds a dominant position in an industry or area to the…

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A: The business cycle is a phenomenon which explains the trend of the output in the economy. As per the…

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A: The real growth occurs in the form of rise in the production of goods and services. The nominal…

Q: Breads 4 2 0 France c. 1.0 d. 1/2 e. 1/4 Table 1-Production Possibilities Cakes 0 4 8 c. 6/5 d. 5/6…

A: Hi, since you have asked multiple subparts, we would be answering the first three for you. To get…

Q: Keynesian economists believe that the classical dichotomy does not hold in the short run believe…

A: Keynesian economics developed by John Maynard Keynes deals with macroeconomic theory of total…

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Q: How is GDP affected by the nominal and effective interest rate

A: GDP refers to the total monetary value or market value of all the finished Products and services…

Q: Whould you please correct the below Economic understanding: When ATC is decreasing MC means…

A: (a) When ATC is decreasing, MC < ATC, which means that the company is making a profit because…

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A: given that,  Tyler just wrecked his new Nissan one was for $803 and the other was for $852.

Q: Explain the difference between fiscal policy and monetary policy. What are some of the reasons these…

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Q: Define marginal utility. (50 words)

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Q: Growth rate of Nominal GDP from year 2019 to year 2020 is ______%.

A: Nominal GDP is the GDP calculated using current Year prices and current year quantity. nominal GDP =…

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A: Budget constraint shows different combinations of two goods that a consumer can afford with the…

Q: (This question refers to the MRU video 'The Supply Curve Shifts'.) What effect would a $20 tax have…

A:

Q: F2

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Q: 3. Don Magellan borrowed today from Ginoong Magellan P300,000.00 and agreed to repay the loan with 4…

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Q: D08

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A: Hence the answer

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A: The formula to derive the present value is given as:  P = F / (1 + R/c)t Where P : present valueF :…

Q: Consider the two-period household-maximization model discussed inclass. The model is modified in…

A: Utility function : log c1 + log c2  Budget Constraint of period 1 : c1 + a1 = y1 - t1 + (1+r)a0…

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Q: The unemployment rate that is typically reported in the media is O computed every three months O…

A: In economics the rate of unemployment rate refers to the percentage of the total labor force that is…

Q: A fall in the price of cucumber from $3.50 to $2.50 per bag increases the quantity demanded from…

A: The degree to which the effective desire for commodity changes as the price(P) of that commodity…

Q: Eliza is a seven year old who loves chocolate and is neutral about any other food (ie. she gains no…

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A: 1) Law of diminishing return states that in a process of production wherein factors of production is…

Q: Economic activity that is above potential output signals that potential output is about to increase…

A: “Potential output is defined as the maximum amount  of goods and services an economy can produce or…

Q: which of the following situations does not demonstrate an attempt at financial engineering? 1.…

A: Financial engineering applies the methods of engineering, mathematical techniques and the tools of…

Q: Suppose nominal interest rates increase from 8 percent to 10 percent, while inflation increases from…

A: Given information: Nominal interest rates increase from 8 percent to 10 percent, while inflation…

Q: What is the difference between a cooperative and a noncooperative game? Give an example of each.

A: Cooperation and agreements between players are used to influence participants to pursue a particular…

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Q: The table below shows the per unit prices and marginal utility for the last unit of waffles and…

A: In economics, it is assumed that individuals are rational and take the decision which is in their…