Q: When deriving labour supply, we assumed that the substitution effect dominated the income effect.…
A: Substitution Effect is defined as an effect which states that if the price of a good increases, the…
Q: 4. (Chapter 10) A town in northern Colorado is planning on investing in a water purification system.…
A: A cash flow diagram is a monetary instrument used to address the sources of income related with a…
Q: 1. According to INEC, the number of people employed, unemployed, and the adult population in…
A: The labour force is the number of people either utilized or jobless however effectively searching…
Q: 'Credit creation is inversely related to the reserve deposit ratio' Justify the given statement…
A: Commercial banks are able to make loans in the form of fresh deposits through a process known as…
Q: Under one form of government price regulation, the government sets the price at a level (which is…
A:
Q: Could you explain how there were many other factors involved in the great depression besides just a…
A: Introduction, The 1930s saw the start of the terrible global economic depression known as The Great…
Q: What causes pricing to reach equilibrium? Give an instance
A: Introduction, Demand and supply factors in the market play a role in determining market pricing…
Q: From the following data calculate the value of operating surplus S.No. (i) (ii) (iii) (iv) (vi)…
A: Operating surplus - It is an accounting concept used in corporate and governmental accounts as well…
Q: GDP tends to overstate economic welfare, because it does not include certain nonmarket activities…
A: GDP is defined as the total production of all goods and services within territory of the country in…
Q: What are the functions of central bank in developed economies?
A: A central bank is a national institution that offers banking and financial services to other…
Q: #8
A: Substitute goods are those goods that are consumed in place of each other. For example, Pepsi and…
Q: A delivery car had a first cost of $32,000, an annual operating cost of $15,000, and an estimated…
A: The annual worth is the net of all the benefits and costs incurred over a one-year period.…
Q: money. How does the quantity theory of money relate to Milton Friedman’s famous statement that…
A: In classical school of economics money is demanded only for transaction purpose. Inflation is the…
Q: Consider two countries that use labor as an input to produce two goods. • In South Korea, one hour…
A: The process of specialization is when a business or person decides to concentrate their efforts on a…
Q: A) Will a private firm have any incentive to produce and sell a public good? Please give an…
A:
Q: In a two-step model with R= 1.1, one state price is A(2, 2) = 0.14. What is state price A(2, 0)?
A: The two-section model depends on a factual decay of the thickness of the result into an interaction…
Q: 2. What lump sum of money must be deposited into a bank account at the present time so that P20,000…
A: Withdrawal = P20,000 per month for 5 years A = P 20,000 n =60 months (5 years) First withdrawal =…
Q: In this question, we examine a scenario which demonstrates the Coase theorem, a statement on…
A: Marginal Utility is the utility obtained from an additional unit of the good. It is the change in…
Q: With an initial wealth of $160,000, a consumer who abides by the von Neumann-Morgenstern axioms…
A: A utility function or activity is a representation that defines individual preferences for goods or…
Q: A reservoir will initially cost P200M, have P1M in annual maintenance costs, and P5M in minor…
A: Initial cost is the amount of revenue needed to build or renovate a significant institution.…
Q: Using AW analysis. Texas Popcorn Corporation is planning to fully automate it process. The company…
A: Option A should be selected as it has the lowest AW in terms of cash outflow. Explanation AW of…
Q: A firm produces two goods, A and B. Due to the product A’s fall in popularity near the end of last…
A: Please find the answer below. DEMAND: Demand is the quantity of consumers willing and able to buy…
Q: ) A Roy Rogers (RR) is a beverage composed of 7 ounces of cola (C) and 1 ounce of grenadine (G)…
A: A) Production function F(C,G) =H= C+7G
Q: Explain the importance of Global integration and role of multilateral institutions. How these affect…
A: The exchange of commodities and services between nations is referred to as international trade.…
Q: K9
A: Explicit costs are the actual out of pocket expenditures of a firm while implicit costs are the…
Q: Suppose you are given $100 in period 1 (today), $100 in period 2, and $100 in period 3. Given an…
A:
Q: Question A1 The following regression results were obtained from a regression of Total Crime Rates in…
A: Regression equation: Y = -24569 + 628.9X Y = Total Crime Rate in US X = Life expectancy of SA R2 =…
Q: Economics..
A: The workforce or labour force is a concept referring to the pool of human beings either in…
Q: Q1. Suppose player A and player B are playing the following game. Player A can choose "Up" and…
A: As per student request I will provide answer of Question number-1 in below.
Q: (dollars) 0 MC MR 40 45 50 Quantity is currently producing 40 units of output. What would you advise…
A: Firm maximizes its profit where the MR is equal to the MC. Condition : MR = MC.
Q: You face a demand curve of P = 3-Q for the few customers who buy your good. To exercise first-degree…
A: First-degree discrimination, or wonderful price discrimination, happens when a business charges the…
Q: 7. Lawrence takes out a loan for $8000 to start a business after high school. The bank charges him…
A: Here, given information is, Lawrence loan amount (P): $8000 Interest rate (r): 8% per year Time…
Q: 4. Show that in the NRM, under credit rationing, the autarkic wage-interest ratio is lower than the…
A: Perfect market: It refers to the market where there is no monopoly. This market provides a fair…
Q: The current price of chicken is $5 per pound and the current price of beef is $10 per pound. Raúl’s…
A: Here, given information is: price of chicken: $5 price of beef: $10 MU of chicken: 10 MU of beef:…
Q: What causes inflation in the industrial and developing globe after COVID
A: Price increases that lower the purchasing power of your money are known as inflation. A general,…
Q: (a) Discuss the basic distinction and similarities between neoclassical Macroeconomist and…
A: Economics is the branch of study that deals with the production and distribution of goods and…
Q: Considering the goods market of the following closed economy - the economy is not necessarily in…
A: In macroeconomics, aggregate demand orefers to the total demand for final goods and services in an…
Q: 3. Lisa plans to retire on her 61st birthday. On her 22nd birthday, she will start saving PA per…
A: The future value of an annuity is the value of a gathering of repeating installments at a specific…
Q: World Economy and Foreign Trade Terms Provide each of the following terms a definition and explain…
A: International trade is the study of why trade happened between nations, how it is beneficial and it…
Q: What is the federal funds rate? What problems does the FED encounter when trying to control the…
A: In the United States, Fed makes monetary policy and influence the monetary system by making changes…
Q: pose Susan and Tom were picking the maximum number of pounds of coffee when they decided that they…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: 35. Which of the following is the correct way to compute the future value of $100 put into an…
A: The future value can be given as: F = P (1 + R)t Where: P : Present value F: Future valueR :…
Q: BestDeal.com and CrazySavings.com are two online retailers with free return policies. They sell the…
A: Given, Two online retailers : BestDeal.com and CrazySavings.comThey sell the same brand TV :…
Q: Law borrowed $2000 from Bence at 8% per annum. After 6 year he cleared the amount by giving $2600…
A: Following is the given information: Borrowed amount = $2000 Interest rate = 8% Time = 6 years
Q: QUESTION 21 BHDEN +0 28 24 20 16 12 8 4 P S D1 D2 0 4 8 12 16 20 24 Q 21. Assuming demand changed…
A: Income elasticity of demand refers to the sensitivity of the quantity demand of a good with respect…
Q: Consider the following demand and supply functions. D(x) = 83-0.4x, S(x) = 2x + 75.8,0 ≤ x ≤ 90 Step…
A: In the mentioned question we have been given demand and supply function. Demand function refers to…
Q: 1.What is the money multiplier if the target reserve ratio of banks is 4%? 2. If the target reserve…
A: DISCLAIMER- “Since you have asked multiple question, we will solve the first 2 because they are…
Q: interest rate r1 го interest rate го r1 A Ms C Ms Ms' Md Quantity of Money Md interest rate Quantity…
A: Reserve requirement:- The amount of money that a financial institution must have in reserve in order…
Q: 1 Consider an estimated linear regression model with a response Y and four predictors X1, X2, X3,…
A: Response variable = Y = Annual sales (in $1000s) Predictor variables: = X1 (in $100s) = X2 (in…
Q: Quantity 1 23456 Total Utility from X 24 42 Total Utility from Y 85 130 160 T 185 200 210 215 56 66…
A: In the case of two goods, i.e., good X and good Y. Utility maximizes at the following point, subject…
The cost of an item is P200,000. Cost is P20,000 per year. What would be the capitalised cost of a permanent service using 10%?
Step by step
Solved in 3 steps
- an engineer knows that the supplier of their set-5100 laser surface metrology system used on one of their lines superseded their 5100 model with the 5105. the new model has a net cost of $420000. adding the new 5105 model to the production line would in decrease scrap rate estimated to save 630000 in the first year. the rate of return for on the set-5105 purchase is 13% MEMD IS 15% what is the opportunity costABC enterprise demands 3,400 pieces of metal sheets manufactured by XYZ Metals. With the manual processing, the cutting cost is P 30.00 per unit. An automatic cutting machine was offered to XYZ Metals worth P 300,000, which will reduce the cutting cost by 25%. Without considering other costs, if the machine is bought, how long will XYZ Metals be able to regain the cost?A doctor is on contract to a medium-sized oil company to provide medical services at remotely located, widely separated refineries. The doctor is considering the purchase of a private plane to reduce the total travel time between refineries. The doctor can buy a used Learjet 31A now for $1.700 million or wait for a new very light jet (VLJ) that will be available 3 years from now. The cost of the VLJ will be $2.600 million, payable when the plane is delivered in 3 years. The doctor has asked you, his friend, to determine the present worth of the VLJ so that he can decide to buy the used Learjet now or wait for the VLJ. The MARR is 14.00% per year, and the inflation rate is projected to be 3.200% per year. a) What is the present worth of the VLJ with inflation considered? b) Which plane should he buy? The present worth of the VLJ with inflation considered is He should buy the used Learjet now ✓
- The monthly demand for ice cans being manufactured by Mr. Cruz is 3k pieces. With a manually guillotine, the unit cutting cost is $50.00. An electrically operated hydraulic guillotine was offered to Mr. Cruz at a price of $350 and which will cut by 25% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Cruz be able to recover of the machine if he decides to buy now?If APC is 0.75 and MPC is 1, how much will be APS.What are the present worth (total) costs AND cost per kilowatt-hour of: a. Natural gas fired power plant, $300,000,000 construction, $22,000,000 annual fuel and maintenance costs, produces 360 megawatts when operating, running 95% of the time;
- ! Required information Eight years ago, Ohio Valley Trucking purchased a large- capacity dump truck for $102,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,200 per year. A complete overhaul at the end of year 4 costs an extra $3600. Calculate the annual cost of the truck at i = 8% per year. The annual cost of the truck is $- per year.Required information Eight years ago. Ohio Valley Trucking purchased a large-capacity dump truck for $116,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $10,900 per year. A complete overhaul at the end of year 3 costs an extra $3600. Calculate the annual cost of the truck at /= 8% per year. The annual cost of the truck is $- per year.A manufacturer buys certain equipment form suppliers at $30 per unit. Total requirement is 200 units/ quarter. Ineventory carrying cost is 10% /year. Cost of placing an order is $100. Rent, insurance, storing per unit per year $3. SOLVE for the following: EOQ=? N=? T=? (in months) Total cost If 1300 is the current order quantity, how much would they save by switching to the EOQ?
- The price of a car you want is $36,000 today. Its price is expected to increase by $1000 each year. You now have $22,000 in an investment account, which is earning 8% per year. How many years will it be before you have enough to buy the car without borrowing any money? (Use Goal Seek to determine the time taken.) The time taken is determined to be years.A doctor is on contract to a medium-sized oil company to provide medical services at remotely located, widely separated refineries. The doctor is considering the purchase of a private plane to reduce the total travel time between refineries. The doctor can buy a used Learjet 31A now for $1.1 million or wait for a new very light jet (VLJ) that will be available 3 years from now. The cost of the VLJ will be $2.1 million, payable when the plane is delivered in 3 years. The doctor has asked you, his friend, to determine the present worth of the VLJ so that he can decide to buy the used Learjet now or wait for the VLJ. The MARR is 15% per year and the inflation rate is projected to be 3% per year. (a) What is the present worth of the VLJ with inflation considered? (b) Which plane should he buy?A small shop in Bulacan fabricates threshers for palay producers in the locality. The shop can produce each thresher at a labor cost of P1800. The cost of materials for each unit is P2500. The variable costs amounts to P650/unit, while fixed charges incurred/annum totals P69000. If the portable threshers are sold at P7800/unit, how many units must be produced and sold per annum to break even? Select the correct response: 25 24 23 26