28 and 29 20QUESTION 27Beef is a normal good. You observe that both the equilibrium price and quantity of beef have fallen over time. Which of the following explamO a. New medical evidence has beenreleased that indicates a negative correlation between a person's beef consumption and life expectancyb.Consumers have experienced an increase in income, and beef-production technology has improved.Oc. The price of chicken has risen, and the price of steak sauce has fallen.d. The demand curve for beef must be positively sloped.QUESTION 28Suppose buyers of computers and printers regard the two goods as complements. Then an increase in the price of computers will cause a(n)Oa. decrease in the equilibrium price of printers and an increase in the equilibrium quantity of printers.Ob. decrease in the demand for printers and a decrease in the quantity supplied of printers.Oc. increase in the equilibrium price of printers and a decrease in the equilibrium quantity of printers.Od. decrease in the supply of printers and a decrease in the quantity demanded of printers.QUESTION 29Which of the following will not shift a supply curve?a, a change in the good's own priceC. a change in per-unit costs brought about by a change in taxesd. a change in the number of sellersb. a change in the price of relevant resources

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Answered: QUESTION 28 Suppose buyers of computers…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Suppose the index of prices received by date farmers in Oman for 2008was 1.04 and the base year of index was 1999. Then, OPTIONS: (i) Relative to 1999, farm prices were 104% higher in 2008. (ii) Relative to 2008, farm prices were 4% higher in 1999. (iii) Relative to 2008, farm prices were 104% higher in 1999. (iv) Relative to 1999, farm prices were 4% higher in 2008.
Trend is oscillating pattern of increase or decrease in demand over a period of time. Select one: True False
Numbers of people took survey 58 number reporting at least one hour per week of paid employment 22 number working less than 30hours 7 Number of people working 30 or more hours 15 number not working but actively seeking for work 8 number of not working and not looking for work who are student 30 homemakers 1 other 5 Find Labor force (employed and unemployed)
sub= 24
2007. 2. The data below shows the number of births, deaths, emigration and immigration for a countly m 200 Births 10,000 Deaths 3,000 Emigration 4,000 Immigration 7,000 If the total population at the beginning of the year was 104,000, calculate the (a) total population at the end of the year. (b) percentage increase in population for the year. (c) birth rate. (d) death rate. (e) net migration. (f) natural growth rate. 9.
Before an increase in excise duty on tea, 800 people out of a sample of 1000 were consumers of tea. After the increase in duty, 800 people were consumers of tea in a sample of 1200 persons. Find whether there is significant decrease in the consumption of tea after the increase in duty. LOS 5%.
Verdana BIUA |= = ==|=|=、m、同 1. 2. 14 1 7 Energy drinks have been causing death. To discourage the energy drinks market, lawmakers, including Senator Miller (D-CA), have called for an aggressive tax on energy drinks. The Miller Bill would place a two dollar tax on energy drink tall cans (that on average cost $2.50) in all American markets. Other members of Congress led by Senator Cruz (R-TX), however, believed that tax to be too high, so the Miller Bill was amended to decrease the size of the tax to just one dollar. 1. Draw a graph with demand curve, supply curve, equilibrium price and quantity, tax price, tax incidence, tax revenue, and deadweight loss. Sen. Cruz claims that this smaller tax still accomplishes the goal of destroying the market for energy drinks, while Sen. Miller vehemently disagrees, stating that energy drinks will still be consumed, but to a lesser extent. Which senator is correct, and how can you tell from the graph? I 1:22 9,
Unemployment Question The small country of Macroland has a population of 100,000 people over the age of 18 and under 65. There are 50,000 people under the age of 18, and 20,000 people over the age of 65. The number of people between ages of 18 and 65 that are looking for jobs is 20,000, and the number that have jobs is 50,000. Using this information, answer the following questions. Show your work. These are numbers for the month of January. а. What is the labor force of Macroland for people between the ages of 18 and 65 in January? b. What is the unemployment rate of Macroland for people between the ages of 18 and 65 in January? What is the labor force participation rate of Macroland for people between the ages of 18 and 65 in January? с. Now assume there were some changes in February. Of the people between the ages of 18 and 65 in Macroland, about 2000 who were looking for work now dropped out of the labor market, and stop looking for work. In addition, 8000 people who were previously…
If value added is $100 million and the value of output is $130 million Find the value of intermediate consumption
44. Inflation is defined as... 1. The price growth of any goods 2. The increase in the average price level over the year 3. The change in the price of goods over the year 4. Shortage of goods
Family Flowers employs 17 people, of whom 14 earn gross pay of $640.00 each and 3 earn gross pay of $720.00 each on a weekly basis. What is the employer's share of total social security and Medicare taxes for the first quarter of the year? (Social security tax is 6.2% of wages up to $128,400. Medicare tax is 1.45% of all wages.)
In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million. Labor force participation was 92% in this community in December of 2009. In January 2010, this community takes in 80,000 refugees, 65,000 of which are working-age adults. All working-age refugees will be looking for a job in January and if they cannot find one will continue to look until they do. If 70% of the refugees start a new job in January, what will be the Unemployment rate in this community in February 1st? ( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)

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