e level LRAS SRAS G

Q: A positive balance of trade is when:     A. imports are greater than exports   B. exports are…

A: The balance of trade refers to the difference between the monetary value of a country's exports and…

Q: What is meant by a change in supply, and change in quantity supplied?

A: The idea of supply is used in economics to estimate the volume of a good or service produced by…

Q: For the subsidy in the last question ($1000 per month), what are: (a) the change in consumer…

A: When government provides the subsidy, it usually lowers the equilibrium price and increases the…

Q: find the present value of $175 perpetuity if the interest rate is 6 percent  compounded quarterly.…

A:

Q: Explain what happens to the official measure of GDP in each of the following situations. a. Air…

A: GDP refers to the final goods and services produced in an economy during a particular period of…

Q: Question 2. Entry Game. Consider the following entry game: There are two periods: Firm I is in the…

A: Given information Demand curve of the firm P=140-Q Fixed cost=$1200 MC=$20 Pm=$80---- Monopoly price…

Q: True or false: An increase in the share of income earned by the top half of the income distribution…

A: Suppose that initially there are 100 people in the economy and their income distribution is given…

Q: Tom's net investment was $15,000, so at the end of 2020, Tom's had capital valued at $45,000 On…

A: Gross investment refers to the total investment done during the year including the value of…

Q: ume that you are told a country’s nominal GDP decreased from one year to the next.  All of the…

A: Nominal GDP means market value of final goods and services based on the current market price.

Q: 3. Relationship between tax revenues, deadweight loss, and demandelasticity The government is…

A: Here we are given 2 markets a)market for jackets b) market for smartphone. In both the markets the…

Q: Congress’s passage of new laws significantly relaxing the regulation of business would tend to…

A: The aggregate supply is the entire amount of output that enterprises will generate and sell. The AS…

Q: The first cost of a machine is P1.8M with a salvage value of P300,000 at the end of its life of 5…

A: The double declining balance (DDB) depreciation technique refers to a method of accounting that…

Q: The current account of the balance of payments is calculated as:  a. the sum of imports, exports,…

A: The balance of payment of country consists of capital as well as current accounts. Current account…

Q: What are the two basic goals of the federal government stabilization?     A. Stable prices with…

A: Stabilization policy is a government strategy intended to encourage steady economic growth.

Q: 1. Suppose that the representative consumer has a utility function defined over 11 consumption over…

A: Utility function : U = c10.5 c20.5 In period 1 - Budget Constraint : c1 + S = y1  In period 2 -…

Q: Which of the following is a source of Federal Revenue?     A. Personal Income Tax   B. Payroll Tax…

A: Federal Government makes expenditure and for meeting the needs of expenditures, federal government…

Q: 1. Why some countries grow faster that others? 2. Discuss the factors that contribute to economic…

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

Q: An organization has limited resources, and each department has been asked to reduce costs, what type…

A: Cost reduction is the most common way of diminishing an organization's costs to expand benefits. It…

Q: Qwicks Solutions is a consulting firm that offers engineering services at the price of $1,000 per…

A: The break-even point is the point at which total cost and total revenue are equal.

Q: 2. The economists were ultimately interested in whether businesses were affected supply chain…

A: Note: You have uploaded a question with multiple sub parts. Hence, we shall answer only the first…

Q: 6. Suppose the production function takes the form Y = AK0.5 10.5. Two countries (1 and 2) share the…

A: Here we are given the production functions of 2 countries. Which explains that the output of the…

Q: Merriwell Corporation has a virtual monopoly in the ultra high speed computer market. Merriwell has…

A: Marginal revenue is the income acquired by selling one extra unit, while marginal cost is the…

Q: Consider an economy that may be represented by the following short-run IS-LM model described by…

A: The equilibrium of the product's market serves as the basis for the IS curve. The IS curve shows the…

Q: Question 5 The following monthly sales of chocolate boxes (in thousands of AUS dollars) have been…

A: forecasting is a procedure that involves verifiable information as contributions to make informed…

Q: Illustrate (using a labor-leisure choice diagram) how a firm may induce a typical employee to…

A: In the labor-leisure trade off, labor makes a choice between the labor hours and the leisure. The…

Q: Which of the following are Adam Smith's Dos?     A. Protect society from violence and invasion of…

A: Smith's three basic principles of economics: People follow the law of self-interest. Competition…

Q: In tourist towns such as Myrtle Beach, some businesses stay open year round while others close. How…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: If Samantha's income is reduced to zero after she loses her job, her consumption will be ________…

A: If Samantha's income is reduced to zero after she loses her job, her consumption will be greater…

Q: QUESTION 12 Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Volumen 3500 4000 2500 3600 4200…

A: Here we are given the input and output data using that we will calculate the total input cost.

Q: Could you help me to compute the social optimum quantity of roses and the DWL in the competitive…

A: In the given question, The marginal cost (MC) of the producing roses is given as; MC = 30+2R and the…

Q: Dan's utility function is given by (8.2 x₁ + 1.6x₂)² D(x1, x2) = Lan's utility function is given by…

A: Given  Dan's utility function: D(x1,x2)=8.2x1+1.6x22             ......(1) Lan's utility function:…

Q: Use the Gravity Model to explain why China, Japan, Mongolia, North Korea, South Korea, and Taiwan…

A: According to the gravity model of international commerce, the amount of trade between two nations is…

Q: A graph of a monopoly is shown. The initial position of the cost curves do not accurately represent…

A: Monopoly refers to a situation in which there is a single seller of a product and many buyers of…

Q: Until recently, hamburgers at the city sports arena cost $2.80 each. The food concessionaire sold an…

A: The demand function shows the functional connection between the Quantity demanded of a commodity and…

Q: From the equation of exchange, if both real income (Y) and the quantity of money (M) double and the…

A: The quantity theory of money:- According to the American Economist Irving Fisher, there is a…

Q: ) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…

A: Given  Price of pizza pz=5.00 Price of soda: pd=2.00 Consumer income I=20 per week The consumer is…

Q: Examine the role of health as an input to and an output from a production function and discuss the…

A: Introduction The production function of health defines the relationship between health and the…

Q: Saving equals Group of answer choices Y - C. Y - I. Inventory changes. Y - G

A: The fraction of money left over after paying for current expenses is what is saved. In other words,…

Q: The supply of wigits is pefectly elastic and the demand for wigits has a price elasticity of 2 and…

A: Here we are given the the market of wights.  Given that the supply is perfectly elastic, hence at a…

Q: Give an example of a good that is nonrival in consumption and nonexcludable. What do economists call…

A: Non-rival refers to those goods which the consumers do not have to compete for. The use of these…

Q: A person has made an arrangement to borrow $1,000 now and another $1,000 two years hence. The entire…

A: A single amount/lump sum amount is characterized as a solitary total amount of cash. A single amount…

Q: Describe why some banks maintain a relationship with a correspondent bank.

A: A financial organization that offers services to another one, often in another country, is referred…

Q: What are the advantages of capitalist economy

A: In a capitalist economy, the production of all the products s and services relies on the demand and…

Q: 6. The principle of transition dynamics can be summarized as: a. the further below its steady state…

A: 1) The transition dynamics idea is applied in the long-term Solow model. This theory states that any…

Q: QUESTION 4 For the below ME alternatives, which machine should be selected based on the PW analysis.…

A: Salvage value is the book value of an asset after all depreciation has been fully expensed. The…

Q: 2.Assume the following cost data are for a purely competitive producer: see table below: Total…

A:

Q: Round up the answers to the nearest hundredths. Suppose that business travelers and vacationers…

A: "Since you have asked multiple questions,we will solve first question for you.If you want specific…

Q: Jim's nominal income in 2010 was $72,500.  How much was his real income if 2010…

A: While nominal income and nominal wages are not adjusted for inflation, real income is. Real wage is…

Q: 2. Consider the overlapping generations model that was discussed in e lectures (please see lecture…

A: A subgame perfect equilibrium in game theory is a modification of a Nash equilibrium utilized in…

Q: You buy a bond that has an annual interest rate of 2 percent and a coupon of $4. What is the price…

A: Given information: The annual interest rate is 2 percent The coupon on the bond is $4 There is an…