Which of the following is not a typical characteristic of a market system? freedom of choice specialization government production planning use of money technological advance

Q: Joey is opening a coffee shop and he needs to decide how many baristas he should staff. He did some…

A: The following problem has been solved as follows:

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: What is Repo rate ? who set repo rate

A: The Repo rate is also known as the repurchase rate.

Q: An increase in demand causes the profit on a competition sail to rise to $260. How does that change…

A: The demand is the major component that signifies a change in the major activities of price and the…

Q: i need this in words not handwritten please rewrite it

A: Consumption when equivalent to that of investment then it will be applicable.

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: Total revenue is the total value of the commodities produced and sold in equilibrium. Economic costs…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: Coronado Industries developed the following data: Beginning work in process $1100000 inventory…

A: The data of the Coronado Industries has been given to us showing various components in it and we…

Q: 15. Compute the QUALY of a person that has a Q value of 0.7 that decreases by 0.1 points for the…

A: Given: Time period=4 years Discount rate=4%

Q: Using the graph, complete the table that follows by indicating whether each statement is true or…

A: In the language of economics, "demand" is the amount of an item or service that buyers are willing…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: How did you compute 7.2%?

A: Stay-even analysis shows if your change in price is viable or profitable or not. The formula for…

Q: Suppose you have a balance of $13000 on your VISA card, which has an APR 24% and requires a minimum…

A: Annual Percentage Rate refers to the yearly interest on investments or yearly cost of loans. It is…

Q: 80 1 100 2 118 3 140 What is the value of TFC when 1 unit of output is produced? (а) 100 (b) 80 (c)…

A: Total fixed cost (TFC) Constant always

Q: An individual owns a life insurance policy with an investment in the contract of $75,000 and a cash…

A: The protection from financial loss resulting from certain circumstances is referred to as insurance.…

Q: sumer Equilibainun 40. Price Loome g the con suner is oMR a th. the consuner is oMR 40. Price CDs is…

A: Consumer Equilibrium It refers to the number of goods and services that end users can purchase with…

Q: A seller sells four diamond rings of 16000 each if a seller sells his 5th diamond ring his MR…

A:

Q: A bottle of wine costs $14.00 and yields 5 ‘by the glass’ servings. To have a 25% FC what would I…

A: Price can be calculated by using the following formula.

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and…

A: A perfectly competitive firm is a price taker. It accepts the market price as given.

Q: Consider the global market for tin represented by Figure 7.4. Initially equilibrium is at point A…

A: A price ceiling is a maximum price set by the government that sellers are allowed to charge for a…

Q: Your company plans to raise price on product A by 5% per year. Due to competition, sales volume from…

A: Introduction Our business intends to increase the cost of Item A by 5% annually. The volume of sales…

Q: What does the AE method provide?

A: The investment expenditure is an important component of the aggregate demand in the economy. It is…

Q: Lachlan has a Jacaranda growing in his yard. One of the tree limbs is growing over into Dan's…

A: Introduction  A gain is a general increase in the value of an asset or property. A gain refers…

Q: 2. What is the crowding- out effect? How does it modify the implications of the basic Keynesian…

A: Crowding out occurs when expansionary fiscal policy causes the interest rates to rise, thereby…

Q: 7.Birla Hoardings Ltd. is a new board company. They received an order of 6000 bill boards for a…

A: Cost is the amount which is incurred by the producer for the production , there are many types of…

Q: What is the highest price consumers would be willing to pay for this product? Also called the…

A: The maximum price that a consumer is willing to pay for a good or service, or the lowest price that…

Q: 20+100+200000

A: 100+20+200000120+200000200120

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

Q: A member must at all times b member's trust obligations fr Money in the member's trust account. The…

A: The inquiry focuses on the subject of financial responsibility and trust obligations in a particular…

Q: Give me some information about Transportation Safety and Economics.

A: Transportation Safety is an important aspect of the economy.

Q: Determine the revenue per year and revenue over the lifetime of the customer Number of smart devices…

A: Revenue is defined as the income of the company. The revenue generated is done from two sources…

Q: Instructions: Use the Mark Line tools to find the quantities demanded and supplied at the $7 minimum…

A: Minimum wages refers to the minimum legal remuneration that an employer must pay the workers during…

Q: Provide a brief description of what a Solar panel Tech does.

A: Because of solar panel tech,solar energy can be converted into electricity. Solar panels are used on…

Q: Below is a chart with different distances and their total cost for this vehicle please find the…

A: Marginal earnings is a term applied to the revenue achieved after selling one more unit of a good or…

Q: Anna has recently completed her dentistry degree and has taken up employment in a Sydney hospital…

A: In Australia, deductible expenses are those that can be claimed as deductions against your taxable…

Q: PLS HELP ASAP ON BOTH

A: 2. The correct answer is:c) tacked at the point of the smallest gap first.When there is a radii…

Q: I need answer typing clear urjent no chatgpt used i will give upvotes full explanation

A: The volume flow rate =π×(50/1000)²/4×10 = 0.0196 m³/sThe specific volume of the steam = 1.769…

Q: At a price of $14, country 1 will     (a) offer for export 9 units of this product.…

A: The effect of price level of $14 in global market is given as follows:The world price line of $14…

Q: Using the quantity of 400, how much profit or loss will they earn?

A: Demand curve is the downward sloping curve.  The firm will produce where the marginal cost is equal…

Q: Ans for part D

A: As given utility function is U(B,P) = 2B +P Given utility function is case of perfect Substitute…

Q: Consider the following 10 items stored in stocks. Item Demand Unit Cost A2 3000 50 B8 4000 12 C7…

A:

Q: Michael started to work in 2001 at an annual salary of £20500, she received a £1100 raise each year.…

A: Here, it is given that the initial amount of salary received by Michael is £20500  in 2001 and he…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: Since the property rights are with the tenants, the bar owners will compensate the tenants for the…