A person's wealth is a stock; his income and expenditure are flows. • The number of people getting their jobs is a number of employed people is a ; The The amount of capital in the economy is a the

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A: The steady state level is achieved where the per capita variables  do not change any longer. conditi...

Q: which of the following best describes marginal product? A.)Left over output- the loaves a bakery mak...

A: Total product refers to the total output produced with the given inputs. Marginal product refers to ...

Q: 1- For the following functions, give the slope and the intercept: а- Зу-бх-3 b- Y+5x-20=0 2- Find th...

A: Equilibrium point is a point where the demand and the supply are equal and price at that point is kn...

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A: Average cost is the per unit cost of production. Marginal cost is the additional cost incurred to pr...

Q: The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds ha...

A: Total cost is the sum of fixed and variable costs. 

Q: What is meant by absolute versus relative poverty? What measures of income poverty are favored by de...

A: Poverty is defined as a state or condition in which a person or a group of people lacks the financia...

Q: Match the words from the list below to complete the following statement A price taker firm will maxi...

A: There are large number of firms in perfect competition selling identical goods with no barriers to e...

Q: 8. Rank the following assets from most liquid to least liquid: a. Bank deposits b. Real estate wea...

A: In an economy, the liquidity of monetary instruments depends upon the time taken them to convert int...

Q: d. double declining balance method depreciation charge: Php book value: Php e. sum of the year's dig...

A: Solution:-  a.Straight line method Depreciation charge : Php 6650 Book Value: Php 3350   b.Sinking f...

Q: How is Social Entrepreneurship a contributing factor to SDG? Cite examples please.

A: Sustainable development goals(SDG): There are 17 SDG goals that are focused on the global ground. Ma...

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A: Recession: The term recession refers to the economic situation in which aggregate demand falls and u...

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A: The process of combining multiple material and immaterial inputs (plans, know-how) to generate a con...

Q: Say the price of a cowboy hat is $100 . Willie can produce a cowboy hat at a marginal cost of $130, ...

A: Producer surplus is the total amount that a producer gains from producing and selling goods and serv...

Q: Given the 12th term is nine and the 25th term is 100 .. find the 8th term.

A: Formula for nth term of AP is a + (n-1) d Where a is the first term and d is the common difference. 

Q: Look at the chart for problem #2 based on perfect competition. The profit that this firm earns when ...

A: Below is the given information: TR = P × QMR = TRn-TRn-1∆QATC = TCQMC = TCn-TCn-1∆Q

Q: Which of the following is NOT TRUE about Insurance companies? * a. They are non-depository instituti...

A: When product or a particular service is manufactured, cost  takes place and process of business foll...

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A: Sustainable development goals - Sustainable development goals are the specific goals to achieve glob...

Q: 1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,5...

A: Present value is the concept that states an amount of money today is worth more than that same amoun...

Q: Assume a good whose supply is perfectly (infinitely) inelastic. Without a tax, the price $10. If the...

A: When the supply is perfectly inelastic, it implies that the supply curve is vertical to the y-axis. ...

Q: You own a printing firm. Two of your senior managers provide you with advice. The first manager stat...

A: The process of combining multiple material and immaterial inputs (plans, know-how) to generate a con...

Q: а. What is GDP? b. What is the valued added by each person? Should the pumpkins be included in GDP? ...

A: d. The GDP is the market value of goods and services produced in the current fiscal year. GDP does n...

Q: Given that the demand for 10 crates of eggs is 200 dollars is supplied to 5 stores and thedemand for...

A: Equilibrium quantity and Equilibrium price is determined where quantity demanded  = Quantity supplie...

Q: Show how consumption and savings evolve in an economy that starts with a level of capital well above...

A:

Q: Micropack producers would like to seek the advice of your Market Research company to advise and give...

A: Given information Demand function X= 35000-50P Ongoing cost=2000 that is fixed expense. Variable cos...

Q: CIBC Bank publishes the annual report every year on the 2nd of April. the Bank is at hearing to the ...

A:   The company has to publish its annual financial reports every year as per regulatory requirements ...

Q: Assume that machine (K) and labor (L) can be used as perfect complements to perform some administrat...

A: Given  Production function: Q=10min(K,L)           .... (1) Where K is  machine and L is labor

Q: GDP is defined as the market value of all in a given time period. O a. final goods and services prod...

A: GDP is the value of all final goods and services produced within the domestic territory of a country...

Q: In the United States, grain has many uses. These include food (directly and indirectly), fuel, and e...

A: Answer:- Nature negatively affects the dirt in light of the fact that the parts effectively dry it i...

Q: The term "figure skating" refers to the shapes that skaters used to trace in the ice as part of skat...

A: Figure skating: The figure skating used by athletics earlier, there are many changes that happened s...

Q: he following table shows the outputs and prices of three products A, B and C by a small economy in 2...

A: The given information: product A A B B C C year Price Quantity Price Quantity Price Quantity ...

Q: Labor (workers) Output (frijoles) Total cost (dollars) 0 0 1,000 5 1000 3,000 10 3000 5,0...

A: ATC(average total cost) is found by dividing the TC(total cost) by Q(quantity).

Q: Population of a city is 45000. The city grows continuously by 2.1% per year  . If this trend continu...

A: Initial population (P 0 )=45000 Rate of growth (r)=2.1% per year                          (r)=0.021 ...

Q: 14. The labour force participation rate is the

A: To find : What is rate of labor participation.

Q: Q1. With a detailed graph, explain the concept of TSS, ESS and RSS and what they imply in OLS regres...

A: Suppose that we are interested in the following regression model yi=α+βXi+ε Here X is the independen...

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A: In the banking sector, banks are now perform many more activities than accepting deposits and lendin...

Q: amount of money be deposited now at 4% interest will provide perpetual payment of P which will start...

A: Perpetual payment refers to payment which is made for infinite number of periods. Answer :(a)

Q: 1. Is adherence to a good practice and ethical principles in business activity a factor in the effec...

A: When business people manufacture a product, cost  takes place for that product and process of busine...

Q: Assume Indonesia and China are trading partners. Indonesia initially exports palm oil to and imports...

A:

Q: Pp3

A: A perfectly competitive market refers to the market in which there are many firms that sell the iden...

Q: 1) If investment spending depends on GDP, this is called induced investment? T/F 2) A change in ...

A: When a good is manufactured with the use of factors of production, cost  takes place for producing t...

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production. 

Q: Price level (GDP price index 2012-100) Pecencial AS 130 GDP 120 110 100 90 AD 165 19.0 193 200 20.3 ...

A: The potential GDP is $20 trillion.  Vertical line labeled Potential GDP. The economy is in equilibri...

Q: Cost LRAC B A Quantity Figure 1 Long run average cost curve for a firm Figure 1 shows a long run ave...

A: In economics, when the firm expands or grows then there exists a change in its cost too. When the fi...

Q: A convenience store owner in Philadelphia was worried that the implementation of the 1.5 cents per o...

A:   Price elasticity of demand is a measure of degree of responsiveness of the demand for a good to ch...

Q: (a) Calculate the value of the MRTS at points A and B. (b) What is incorrect in the Statement of Que...

A: The marginal rate of technical substitution (MRTS) is an economic theory that illustrates the rate a...

Q: explain transnationality and transnationalism connects to globalization

A: Globalization refers to the acceleration of global movements and exchanges (of people, goods, and se...

Q: 45-46

A:   Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new q...

Q: Afake economy has a trade deficit of 500. imports of 800 and national savings of 2000, Investment in...

A: Given information are  Trade deficit =500 Imports M=800 and National saving S=2000

Q: Draw the graph for the firm (include ATV, AVC, MC, and MR curves) 2. At this output of Q = 100, cal...

A: A perfectly competitive firm is a price taker and can sell any quantity of the commodity at the mark...

Q: A manufacturer can sell x number of units of its products produced per day át a priCe o (35 – 0.10x)...

A: (a) Demand equation: p = 35 - 0.10x Where p is price,  x is the number of units of product ---------...