The main disadvantage of a Limited Liability Company is: A. Double taxation B. Unlimited liability C. It's not available in all states D. Ease of formation

Q: Which of the following statements is false concerning partial derivatives? Consider the total cost…

A: A cost function, otherwise called a loss function or objective function, is a mathematical function…

Q: In January 2017, the National Retail Federation reported that "Holiday retail sales during November…

A: Consumption behavior insinuates the exercises and decisions that people and households make as for…

Q: How can a social worker student further their growth?

A: For social work students, furthering growth involves a combination of education, practical…

Q: In 2013, Prussia's aggregate demand curve was determined by the equation M +0 = 4%. A change in…

A: Aggregate demand is the total demand for goods and services in an economy over a specific period of…

Q: The diagram to the right shows a hypothetical demand curve for apples. The slope of this curve is…

A: The slope of a demand curve represents the relationship between the price of a good or service and…

Q: Say the demand curve for cigarettes was given by Q = 164 – 0.38P. When P = 20, a further decrease in…

A: The price elasticity is calculated as the percentage change in quantity demanded divided by the…

Q: Operating costs are an important criteria when selecting what machinery would be the best choice for…

A: An investment's equivalent uniform annual worth is the equivalent annuity that corresponds to all of…

Q: Refer to Figure 4-1. If the market price is $3.00, what is the consumer surplus on the second ice…

A: The Consumer surplus is the gap between maximum price a consumer is willing to pay and actual price…

Q: For the demand function P= 221 √Q+3 a) Find the value of Q when P = 17 b) Find the price elasticity…

A: PED is a measure used in economics to quantify the responsiveness of the quantity demanded of a good…

Q: In the short-run if there is a surplus in the market for a product, the rationing function of price…

A: The demand curve is the downward-sloping curve. The supply curve is the upward-sloping curve. The…

Q: Economic profits may result from: a. innovation Ob. risk taking c. exploiting…

A: Economic profit, otherwise called "pure profit" or "residual profit," is a measure of profitability…

Q: If a nominal interest rate of 6% is compounded continuously, determine the unknown quantity in each…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first three questions for…

Q: During the Great Depression, the aggregate price level and real gross domestic product (GDP) both…

A: This can be defined as a concept that shows the total production of products and services in an…

Q: The following graph shows the demand for a good. PRICE (Dollars per unit) 280 180 140- 40 0 W 10 L…

A: The elasticity of demand is defined as the influence of the change in demand resulted due to a…

Q: The following table gives the quantity of money demanded at various price levels (P), the money…

A: Equilibrium in the money market takes place at the intersection of the money demand and money supply…

Q: Consider the market for Netflix Subscriptions. Show graphically and explain using economic…

A: Let's address each of these economic questions one by one:Bruno's Consumption Possibilities and…

Q: A local builder offers to place with you insurance on every house he/she builds while it is under…

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Consider the demand curve for beer: Q= 120 -2P. If the supply curve for beer is P=12+Q and the…

A: Deadweight loss refers to the loss of economic efficiency that occurs when the equilibrium for a…

Q: Draw the curve for the following cases:   a. perfectly elastic demand   b. perfectly inelastic…

A: Disclamier:- Since you asked multipart question , we are solving only the first 3 subpart as per…

Q: When comparing a perfectly competitive firm and a (single-price) monopolist, a major difference i…

A: Perfect competition refers to a market condition at which there are many seller and buyers dealing…

Q: n the Keynesian model if there is equilibrium beyond full employment which of the following is…

A: Keynesian model:Keynesian model is a model in economics that shows the relationship between the…

Q: Which of the following exemplifies a microeconomic question? What is the current national rate of…

A: Microeconomics is a branch of economics that focuses on the study of individual economic agents and…

Q: Suppose that Croatia and Wales both produce beets and wheat. Croatia's opportunity cost of producing…

A: The ability of a country to produce a good at a lower opportunity cost than another country is…

Q: If the Engel curve slopes up, then the demand curve slopes down. Is it rue or false explain why?

A: Engel curve can be defined as a curve that reflects a relationship between the quantities of an item…

Q: he Boston Celtics won the NBA Championship every year from 1959 to 1966. The HHI for championships…

A: The Herfindahl-Hirschman Index (HHI) is a commonly used measure of market concentration in economics…

Q: Walmart would like to borrow $2,500,000 and can borrow at £6.04% or $8.15%. A Swap Bank quotes GBP…

A: A currency swap is a financial instrument that includes the exchange of principal and interest in…

Q: Suppose you are given the following data (in persons): Category Total Population No. of Persons…

A: Unemployment is a situation in which the individual is willing to work at the market wage rate but…

Q: Initital $10 increase in investment expands GDP by $10 in first round of multiplier process. the 2nd…

A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…

Q: When the money market is drawn with the value of money on the vertical axis, in which situation does…

A: In the context of the money market, the position of the value of money on the vertical axis is a…

Q: Four mutually exclusive projects are being considered for a new 2-mile jogging track. The life of…

A: The incremental cost-benefit analysis is used to study the difference between the monetary benefits…

Q: A monopolist has demand and cost data given in the table below. The 'P' column gives the demand data…

A: A single-seller market that decides its own price is called a monopoly market. Marginal revenue is…

Q: Microsoft wants to calculate the effect of a worldwide 5% price cut on its sales of Excel to clients…

A: The price elasticity of demand measures the responsiveness of the quantity demand to the price…

Q: When is a mortgage clause used in connection with insurance on a property? The insured lends money…

A: Insurance is also called a contract, shown by a policy, in which a policyholder receives financial…

Q: Which of the following statements were TRUE? The United States became a net creditor country after…

A: It can be defined as a concept that shows how much currency of one nation is valuable in terms of…

Q: Consider an economy with three consumers, each with a marginal benefit for a public good of MB =…

A: The efficient level of output, with regards to economics, alludes to the quantity of a good or…

Q: Please select all potential causes of a decrease in demand (check all that apply) If the economy…

A: A decrease in demand refers to a scenario where consumers' desire to purchase a product decreases,…

Q: Suppose that when the price of good X increases from $500 to $660, the quantity demanded of good Y…

A: The elasticity of demand refers to the responsiveness of quantity demanded with respect to a change…

Q: Price (dollars) Price (dollars) P₁ P₁ Graph A Exhibit 3-3 Demand curves Graph C Q₁ Quantity (units…

A: Based on the laws of demand, it can be said that the decline in the price increases the demand level…

Q: y = B1 + B2x2 + 81D1 +82D2 + √3D3 + e The above model is fitted to model wage (y) against the years…

A:

Q: Assume the demand for sugar decreases and the supply of sugar decreases. Which of the following…

A: The demand for a product refers to the amount of that product that consumers are willing and able to…

Q: Refer to the following graph to answer the next six questions. Line 1 Vertical Axis Horizontal Asis…

A: The market for loanable funds:Loanable funds are those funds that are borrowed at an interest rate.…

Q: In a city where the equilibrium hourly wage for unskilled, entry-level workers is $11, the U.S.…

A: Price floor is the minimum price set by the government above the equilibrium price in the market to…

Q: What is the deadweight loss (DWL) from the monopoly below? P 16 15 14 13 12 11 4321 0 0 0 0 0 50 30…

A: Dead weight loss is defined as the loss of total welfare (or the total surplus = consumer surplus +…

Q: Read the following passage to answer the question: Various countries, including South Africa, China…

A: Economic growth refers to the expansion in the production of goods and services in an economy over a…

Q: Consider an economy with three consumers, each with a = 10-q. What is society's marginal benefit…

A: Marginal benefit (MB) is a concept in economics that represents the additional satisfaction or…

Q: Consider a competitive market in which the MPB = 129-3q and the MSC =3q. In this market, however,…

A: The market equilibrium quantity is where the private marginal benefit curve intersects the private…

Q: 4. Using three-step method to analyze the effects of each even on the equilibrium price and quality…

A: Equilibrium Price: The price at which the quantity supplied equals the quantity demanded in a…

Q: The short-run economic outcome resulting from the increase in production costs is known as Now…

A: This can be defined as a concept that shows the level of output in a market or economy where the…

Q: A firm sells its product in a perfectly competitive market where other firms charge a price of $110…

A: Perfect competition is a market form with a high number of buyers and a high number of sellers.…

Q: Table 15-4 Price per Dose $80 77645648 40 32 72 Quantity Demanded (dose) 0 24 1 2 3 4 5 6 7 16 8…

A: Profit refers to an excess income that a company earns, over the revenue from the sale of its…