Starting with a long run steady state equilibrium suppose consumer and investor confidence decreases. As a their price expectations result, market adjustment will make the shift to the right as producers for the economy OAD, higher OSRAS lower OSRAS, higher OAD, lower
Q: Question 31 Clothing (units per week) Figure 3.1.2 Food (units per wook) Refer to Figure 3.1.2. The…
A: Indifference curve refers to the graphical representation of all possible combination of two goods…
Q: Refer to the diagram. The concept of opportunity cost is best represented by the Multiple Choice O O…
A: The production possibility frontier represents the different combinations of the two goods that can…
Q: Suppose product Z is an input in the production of product X. Product X in turn is a substitute for…
A: Substitute goods are products that can be used in place of each other to satisfy a similar need or…
Q: Identify which curve on the previous graph corresponds to each description in the following table.…
A: The graph containing aggregate demand and supply curves is given below. Based on the curves, the…
Q: In the figure, the supply curve that includes external costs is O A. S₁. O B. neither S₁ nor S₂…
A: External costs, also known as negative externalities, refer to the indirect and uncompensated costs…
Q: Click on the table icon that shows the fixed costs, variable costs, and total costs for different…
A: Fixed Cost (FC): A fixed cost is an expense that does not change when sales or production volumes…
Q: liver takes $2500 with him to a camp and there is 50% chance he will lose $900 on his way. Suppose…
A: The utility function explains relationship between utility and goods or services that are consumed.
Q: Assume product L is an input in the production of product M. Product M in turn is a substitute in…
A: Production refers to a process of conversion of the input to the output. For example the making of…
Q: Which of the following is usually the cause of stagflation? OA. an increase in investment as a…
A: Stagflation:Stagflation is a situation where the rate of inflation is high, unemployment is high and…
Q: Which of the following will raise consumer expenditures, C? Select an answer and submit. For…
A: Consumer expenditure alludes to the aggregate/total sum of money spent by households to purchase…
Q: 14 A 12 10+ Bicycles 86 4 2 B 14 E D G 0 2 4 6 8 10 Computers Multiple Choice Refer to the diagram.…
A: The production possibility curve represents the maximum potential output combination of two goods or…
Q: Which of the following statements about demand elasticity is correct? OA. If demand is…
A: Elasticity of demand is a measure of how much the quantity demanded of a good responds to a change…
Q: In the opening of free trade, if world prices of a good are less than domestic prices of that same…
A: When examining the impact of free trade and the price disparities between domestic and world…
Q: In the graph you've just made, what is equilibrium real GDP and the price level if aggregate demand…
A: Note: The given graph does not have 'AD3' curve. But, in the blank section, the price level of 110…
Q: Q₂ A production function is given by q = 500L + 700K. The price of capital is $120 and the price of…
A: Cost minimization problem of producer: For the given output level the firm and per unit cost of…
Q: L 0 2 1 32 30 3 TP 0 4 92 TVC 0 212 60 90 TC 70 130 160 292 120 190 AFC AVC ATC 2.19 0.33 0.24 0.94…
A: Cost is the total expenditure that is incurred in the production of output
Q: Meadow Farms produces cherries according to the production function Q = 36K²/³L¹/6. The market price…
A: The profit function for Meadow Farms can be written as the total revenue minus the total cost. The π…
Q: A nation can produce two products: steel and wheat. The table below is the nation's production…
A: Opportunity cost is the sacrifice of production of one good when the production of another good is…
Q: When the price of tea decreases 7%, quantity demand increases 12%. The price elasticity of demand…
A: Elasticity is the responsiveness of the quantity demanded to the change in price level.It is a…
Q: Joe has $55 to spend on apples and oranges. Given the information in the following table, is Joe…
A: The Equimarginal PrincipleThe equimarginal principle explains that for an individual to maximize…
Q: Suppose that consumers become pessimistic about the future health of the economy. What will happen…
A: This can be defined as a concept that shows the total demand for the products and the services in a…
Q: Which of the following statements is correct? Suppose leisure is a normal good, then an increase in…
A: Normal Good: a normal good is a type of good for which demand increases as consumer income rises.
Q: 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 What kind of…
A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…
Q: Assume the cost of making 30 belts $800 the cost of makin 35 belts $900 and the cost equation is…
A: Marginal cost measures the change in total cost due to a change in quantity produced. Marginal cost…
Q: In the figure below, what will be the monopolist's profit-maximizing price? J H H G O H G J MR T V X…
A: A monopoly is an imperfect competitive market structure characterized by a single seller. The market…
Q: Question 7 0.90 0.85 0.80 0.75 0.70 0.65 0.60 0.55 0.50 0.45 0.40 50 100 150 200 250 300 Demand What…
A: Externality is the external cost or benefit that is borne by the third party. When there is positive…
Q: Last year, Jarod left a job that pays $80,000 to run his own bike repair shop. Jarod's shop charges…
A: Accounting profit focuses on the explicit financial costs and does not account for all the costs…
Q: Suppose that a small town has seven burger shops whose respective shares of the local hamburger…
A: Herfindahl-Hirschman Index (HHI): The HHI is a measure of market concentration calculated by summing…
Q: Solve ASAP please find the optimal demands U= 15x^0.4 y^0.6 Px =1000 py=6400 m=80000
A: Maximize Subject to the budget constraint:Where:Px is the price of good x (1000)Py is the price of…
Q: You are a saver, and you deposit your savings in your savings account at your local bank. The bank…
A: The inflation rate shows a general rise in the price level of different goods and services. The real…
Q: The smartphone market has been dominated by Apple, but recently the Droid has been able to leverage…
A: Industrial economics is the study and appraisal of business financial issues utilizing abstract…
Q: This graph illustrates the demand for a normal good. A movement from A to C on the graph presented…
A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…
Q: Question 11 The beta of an active portfolio is 1.45. The standard deviation of the returns on the…
A: here calculating the standard deviation of the returns on the active portfolio as follow
Q: (d) Demand and Supply equation after-tax. Demand equation Supply equation (e) Buyer's price…
A: A tax imposed on the quantity sold is a type of indirect tax that is levied on the quantity of a…
Q: lements of fiscal policy that move the budget toward surplus as the economy expands and toward…
A: The fiscal policy refers to the policy of government concerning expenditure and taxes. The…
Q: A trading partner for many countries has a stock market crash and goes into recession. The United…
A: Aggregate demand:Aggregate Demand is when the total number of consumers have the desire to buy…
Q: The following diagram presents a circular-flow model of a simple economy. The outer set of arrows…
A: Households earn income when "firms" purchase their "factors of production : land, labor, capital…
Q: If the default premium decreases, what is the effect on the consumption and savings of an individual…
A: An extra interest rate that borrowers might be required to pay to lenders to cover the possibility…
Q: The table below depicts the cost and demand structure a natural monopoly faces. Calculate total…
A: Marginal Revenue:Marginal revenue is the additional revenue that a firm earns from selling one more…
Q: he graph shows an economy at full employment. how the effect of an increase in the quantity of…
A: An aggregate supply curve shows the total amount of goods and services that businesses in an economy…
Q: 7. Answer the following on income effects and Engel curves. a. Define and give an example of a…
A: An Engel curve is a graphical representation that illustrates the relationship between the quantity…
Q: The elasticity of supply is most influenced by O portion of the consumer's budget O time O the…
A: Elasticity of supplyThe price elasticity of supply is calculated by dividing the percentage…
Q: Nimubs, Inc., makes brooms and then sells them door-to-door. Here is the relationship between the…
A: Cost functions are crucial tools for understanding and analyzing the cost framework for a firm's…
Q: 37. Which of the following transactions would be included in GDP for 2001? O O O O A. On January 5,…
A: GDP refers to the total monetary value of all final goods and services that a nation can produce in…
Q: If the production function is f (x₁, x2) = min{x1, x2}, then the cost function is c(W1, W2, y) =…
A: A production function depicts how inputs like labor and capital influence a firm's ability to…
Q: Suppose there are fixed costs and the marginal costs are constant. Then we know that Select one: a.…
A: The fixed cost refers to the cost that does not change with change in level of output. The variable…
Q: Refer to the figure at right. When the minimum imposed price is P2, area A is OA. a transfer of…
A: The minimum imposed price is P2. In economics, the minimum imposed price is known as the price…
Q: Suppose $50,000 is deposited at a bank. The required reserve ratio is 5 percent, and the bank…
A: This can be described as an institution that plays an important role in maintaining the stability of…
Q: If the total costs of producing 1,500 units of output is $12,000 and this output sold to consumers…
A: In economics, profit is referred as a difference between revenue that a business entity has earned…
Q: Equilibrium price in this market is Multiple Choice $1. $4. $2. $3.
A: Demand curve represents the quantity demanded corresponding to different price level. It is downward…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- Suppose that in the year 2010, Celestial Electronics planned toproduce 950,000 units of its portable GPS devices. Of the950,000 it planned to produce, a total of 25,000 units wouldbe added to the inventory at its new plant in Florida. Alsoassume that these units have been selling at a price of $100each and that the price has been constant over time. Supposefurther that this year the firm built a new plant for $5 millionand acquired $2.5 million worth of equipment. It had noother investment projects, and to avoid complications,assume no depreciation.Now suppose that at the end of the year, Celestial had produced950,000 units but had only sold 900,000 units and that invento-ries now contained 50,000 units more than they had at thebeginning of the year. At $100 each, that means that the firmadded $5,000,000 in new inventory.a. How much did Celestial actually invest this year?b. How much did it plan to invest?c. Would Celestial produce more or fewer units next year? WhyAn economy produces two goods, clothing and petroleum. Which of the following would explain a pivot inwards along the petroleum аxis? Select one: O a. a productive improvement in clothing production that has no effect on petroleum production O b. an increase in the size of the labor force that can produce either petroleum products or clothing O c. major oil reserves in Alaska are declared off-limits to producers in order to protect the environment O d. major oil reserves are discovered off the coast of Africa Oe. a productive improvement in petroleum production that has no effect on clothing productionSuppose our exports to Canada fall because of their recession. On impact, our will shift downward. Eventually, our will shift downward and the new equilibrium Tt will be O a. ADT; ASīt; higher O b. AST; ADt; higher AST; ADTt; lower O d. ADT; AST; lower
- Which of the following is not included in macro environment? O a. Competitors b. Economic O C. Political o d. Demographicciples of Macroeconomics || Fall20 1 What does the PPI measure? ed Select one: d out of O a the average change in the prices paid for all goods produced in the economy over a given year O b. the level of production of goods and services generated in the economy in a given year question O c. the difference between the prices consumers pay for goods and services and the prices producers pay for O d. the average of the prices received by producers of goods and services at all stages of the production pro Ti navigation Type here to searchSuppose that a simple economy consists of three sectors: Sector X, Y and Z. Given the input-output table below for the 3 sectors. Sector X Sector Y Sector Z External Demand Sector X 0.4 0.6 72 Sector Y 0.4 0.3 0.2 150 Sector Z 0.1 0.4 58
- hich theory of consumption best explains the consumption behavior of consumers of our economy? Question No: 02 [Marks: 10] If the State Bank started printing large quantities of Pakistani Rupees (Rs), what would happen to the number of Pakistani Rupees a dollar could buy? Why? Question No: 03 [Marks: 10] Deseribe the difference batuuean foreian diract investmet and foraion nortfolie invastment Who is mora likelu toImagine there is a consumption smoother (also known as a PIH consumer) who expectsto live for another 40 years and to work for another 30 years. They just learned thatthey will receive a permanent pay increase from their job of $800. How much extra dothey consume this year? What is their marginal propensity to consume?3:35 PM O ll al a 59 % f H.W2.pdf Sx. The mantaly conumpthie Values for rice are Use below:- July Sept. Oct. Nov. June Aug. 28.65 7.85 13.45 21.60 24.30 14.70 Cm Cm Cm Cm Cm Determin the seasonal The consumptive use, The average montaly Consumptive use and average dzily comsumptive use, the beak monthly consumptive use.
- Please please help me asnswer it correctly and fastly The global oil market has been affected in the recent years by many factors that induces the global price to fall. This consequence is vital for the budget of the oil dependent countries. After the huge decrease on oil price in 2016, many traders and analysts believe that oil markets are still not immune to many problems and the oil price will tend to fall again. The main factor and problems toward a fall of the oil price started in 2015 but considering that people and oil companies do not tend to react immediately to the change of oil price, the total consumption and production of oil did not get any surprised changes in the short- run. The main factor that caused the drop on the oil price is the OPEC failure. The member countries of OPEC did not agree to stabilize the oil markets, since the organization decided against cutting production at a 2014 meeting in Vienna. It is estimated that if OPEC does not cut production, the…We said the easiest type of Foreign Cirect investment (ro Importreport Franchusing O Loenng O oreented QUESTION 22 Whch type of invetment is the hardelymast expentive type of investment ina toreign cy importierport O Pranchsing O ucensing O GreenfieldPreciously how the mpc and apc differ ? Annd how
