Q: In the given diagram, BDE represents the average variable cost and BCDF represents the marginal cost…
A: the average variable cost is the variable cost per unit. Average variable cost is determined by…
Q: In a market economy, one of the following answers would not affect labor supply. Which one? Group of…
A: Labor supply shows different quantities of labor supplied at different wage levels
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A: Taxes are important because they allow governments to collect money and utilize it to fund social…
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A: A bond is a loan-like investment. Institutions and governments that need to borrow money generally…
Q: 10. State briefly the importance of economies of scale, comparative advantage, and trade barriers in…
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A:
Q: The human wants for goods, services and resources exceed what is available, is known as
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A: *Answer:
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A: At a marketplace, a good is an inferior good is its demand has inverse relationship with the income…
Q: What happens to the equilibrium price when there is an increase in demand and a decrease in supply…
A: The equilibrium price is the most effective rate in which the plans of purchasers and the plans of…
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A: Different parties have different interests in a particular organization.
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A: Answer -
Q: Suppose a closed economy has an aggregate consumption function given by C = 50 + 0.50Yd and…
A: Ans. The equilibrium level of income and output level is where AS = AD where AD stands for…
Q: Questions 1.4 and 1.5 refer to a consumer with preferences over food (x) and clothing (y)…
A: Inflation means the rise in the price level of goods and services over a period of time. The rise in…
Q: 1. Fill in the table Number of Workers 1 23 4 5 6 7 8 9 10 Total, Average, and Marginal Product of a…
A: Average product is the per unit product of workers and marginal product is the additional output…
Q: 2000 TABLE 3 a) Refer to Table 3. Suppose this firm is producing 1250 mousetraps and its average…
A: Profit is calculated with the help of Total revenue and total cost. Profit/Loss = TR -TC
Q: and buries the cash in his backyard. By how much will the bank have to reduce its loans? Calculate…
A: here we calculate the maximum amount of money supply may contract as follow:-
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A: Here demand function=P=400-Q=400-q1-q2 cost function of firm1=TC1=40q1 cost function of…
Q: a perfectly competitive market over the long run, a. an increase in market demand or a decrease in…
A: Perfect competition market Perfect competition is a form of market where there is a large number of…
Q: Is the following statement True or False? "Employer Taste Discrimination models of wage inequality…
A: When talking about Employer taste discrimination model, it is the strategy of a firm to hire labor…
Q: Q2: Continuing from Question 1: What will be the shape of the Phillips Curve because of the policy…
A: The Phillips curve shows that there is an inverse relationship between the inflation rate and the…
Q: Based on the data provided here, calculate the items requested: Annual depreciation $ 2,500…
A: Following is the given informations: Annual mileage = 13800 Gasoline price = $4 per gallon Parking…
Q: 7. Which of the following is one of the Federal Reserve's two policy mandates? a) Increasing GDP b)…
A: In the United States, the Federal Reserve is the highest monetary authority with some responsibility…
Q: Discuss the pursuit of the Free trade and liberalization policy, citing its advantages and how it…
A: Free Trade: It can be defined as doing trade without any restrictions that are without the…
Q: 5. The CES function f defined for K > 0, L > 0, by f(K, L) = A(6K-P+ (1-6) L-P) - 7, where A> 0, p =…
A: Given production function A(δK-ρ+(1-δ)L-ρ)-1ρ Here K--- capital unitL--- Labor unit
Q: The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %.…
A: Here, given information is, Initial CPI (base year): 105.9 Final CPI (current year): 113.4 Change…
Q: A company produces a special new type of TV. The company has fixed costs of $478,000, and it costs…
A: Total cost is the sum of fixed cost and variable cost. TC = 478000 + 1200Q
Q: 5) Use the table below to answer the following questions. Table 2 Taco Stans Pizza Sellers Firm Name…
A: The measure that depicts the way in which classification and differentiation of industries are done…
Q: A rich man put up a trust fund in the bank to give his son the earnings of P 400, 000 at the end of…
A: Trust Fund A trust fund is a type of estate planning tool that creates a legal entity to hold…
Q: Calculate the monthly finance charge for the credit card transaction. Assume that it takes 10 days…
A: Finance charge is referred to as the cost for borrowing money, which includes interest along with…
Q: Provided that capital markets function efficiently, which of the following barriers to entry into an…
A: An efficient market is the market with no barriers to entry and provide freedom to buyers and seller…
Q: Suppose there is an increase in the demand of the imported commodity subject to a given import…
A: Here, it is given that the economy has import quota and the demand for the imported commodity has…
Q: How does the major ethical issues in the American prescription drug crisis affect business in…
A: In the American economy, the prescription drug crisis was the cause of shortages of output due to…
Q: a sala set cost ₱ 9,500.00. assume that the original selling price was ₱ 11,000.00. the selling…
A: Here, cost is given as ₱ 9,500.00, but the selling price changes in the market. To find the markup,…
Q: SHOW NEW GRAPH Options listed If the velocity of money is 3, the money supply in this…
A: The AD-AS model is an approach to outlining national income assurance and changes in the cost level.…
Q: Define the economic principle of opportunity cost.
A: When another item or activity is chosen, an opportunity cost is described as the amount of a…
Q: A heavy equipment was bought for P $ 30, 000 six years ago. It will have a salvage value of $ 3000…
A: * SOLUTION :- As per guidelines I answered only one question please repost other one…
Q: Discuss any three factors that determine Interest Rates?
A: Interest rate is the rate at which the money is traded . Money is like a normal goods an interest…
Q: A. Define marginal revenue and marginal cost.
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: QUESTION 6 If the income elasticity for the demand of gasoline is equal to 1 and the income…
A: A good is a normal good when its demand increases with increase in income.
Q: What about the data collection methods?
A: Data collection: It refers to the information assortment which is the most common way of…
Q: Using diagrams as appropriate, explain why the desire of households to smooth their consumption over…
A: Consumption smoothing is the process of maximizing our level of living by sustaining a positive…
Q: 3. Monopolistic competition in the short run Consider a shop that produces muffins in a…
A: Monopolistic rivalry happens when an industry has many firms offering items that are comparative yet…
Q: = Questions 1.6 and 1.7 refer to a consumer with preferences over lotteries represented by the…
A: We use the following formula to calculate the expected utility: Expected Utility (EU) = pa(U(xa)) +…
Q: Which of the following is NOT a characteristic of business to business markets? O a. Compared to…
A: Business is an organization or group of firms or people where they work together to produce goods or…
Q: A businessman needs P50,000 for his operations. One financial institution is willing to lend him the…
A: The offer in which the businessman will have to give the lowest interest rate is the best offer for…
Q: You have a bond trading today at 100. It pays semi annual interest to you on 31 December and 30…
A: Bonds Bonds refer to the marketable securities which are traded by the central bank of the country…
Q: equipment that cost Php. 7,000 has an economic life of n years and a salvage value of Php. 350 at…
A: Given information: Cost of equipment = Php 7000 Economic life = n years Salvage value = 350 Book…
Q: In Oxnard’s market for textbooks, if the price of textbooks goes up by 25% and the quantity demanded…
A: Given information, Percentage change in price: 25% Percentage change in quantity demanded: 75% To…
Q: The figure below shows the flow of goods, services, and payments between Kenya (home country) and…
A: 1) The top section keeps track of the flow of exports and imports, as well as the payments…
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