Questions: A) Detail and describe a decision that you made in the past that contradicts the assumption of rationality in standard economic theory? How and why was it irrational according to standard economic theory?

Q: Suppose that changes in the bank regulations expand the availability of credit cards so that people ...

A: The source that allows individuals and entities for borrowing money against a line of credit is bein...

Q: How does tax affect a firm's fixed, marginal and average costs? 1. When firm must pay lump sum tax (...

A: The tax is divided into the two parts : Lump sum tax and specific tax or per unit tax. Lump sum tax ...

Q: Assume that it costs a company approximately C(x) = 400,000 + 180x + 0.001x2 dollars to manufacture ...

A: Answer: Given, Cost function: Cx=400,000+180x+0.001x2 (a). To find the marginal cost function let us...

Q: 7. The following table shows the demand for water and cost conditions for the New South Springdale W...

A: a) quantity in gallons price per gallon ($) total revenue($) marginal revenue($) marginal costs($...

Q: QTFC TVC TC MC AFC AVCATC 10 4 4 4 Calculate Q when TVC = 4 Round to 2 decimal points. Do NOT includ...

A: Marginal cost is the  total change in cost due to one  additional unit of production . Whereas TC = ...

Q: Fifty years ago, the minimum wage in a hypothetical country was approximately $1.50 per hour. At tha...

A: Since colonial times, Americans have been moaning about the high cost of living. Measurement and tra...

Q: A firm is a monopoly in a protected (home) market with demand given by Q(P) = 28 – 2P. The firm's co...

A: Only the first part is answered. Repost the question with the remaining parts     Monopoly has one s...

Q: The AD curve is negatively sloped because a fall in the price level, with an unchanged money supply,...

A: Keynesian theory of money give the various motives for demand for money . as per Keynes  the demand ...

Q: Consider a potential fiscal policy used to curb a recession. How could a consumer and business expec...

A: Fiscal policy refers to the policy of the government to control the money supply in the economy to m...

Q: Question Three In the market for Corn kenkey (INFERIOR GOOD), consumers’ income has decreased. In th...

A: Here, it is given that Corn Kenkey is an inferior good and there is a change in consumer income as w...

Q: Costs and Profit Maximization: Work It Out 1 Suppose Margie decides to lease a photocopier and open...

A: As we know that fixed cast of the expenditure incurred on fixed factor which is not changeable as in...

Q: Categorize the terms based on whether they are used to calculate GDP based on the components of dema...

A: Demand-based GDP or Expenditure approach deals with money spent on goods and services within the geo...

Q: According to the liquidity preference theory, if the money supply increases, then, ceteris paribus, ...

A: This theory says that the interest rate in the market is determined by the demand and supply of mone...

Q: 8. Your cat's summer kitty-cottage needs a new roof. You feel a 15-year analysis period is in line w...

A: Annual Worth (AW) Analysis is characterized as the equivalent uniform annual worth of all assessed r...

Q: Q4: An investor invests $1000 a month, on average, in a stock market security. Because the investor ...

A: Introduction Investor invest $1,000 in a stock market security. He keeps this investment as securiti...

Q: What is happening to the supply of women who are part of the workforce? What has motivated this chan...

A: Answer-1:- Covid-19 pandemic has hit the world economy very badly. Almost all the nations went under...

Q: difference between income and wealth, and why both are important in terms of economic security for o...

A:   income refers to the amount of money received by a individual person , group or company during a c...

Q: 7..Assume that we have a fixed supply of a depletable resource to allocate between two periods. Assu...

A: Bank rate, also known as discount rate in American English, is the rate of interest which a central ...

Q: Which of the following statements are false? (i) The absolute value of the price elasticity of deman...

A: The measure that depicts the change in quantity being demanded of a good with respect to change in t...

Q: In the attached diagram, which points represent the production specialization point and the trade so...

A: According to this theory, a country has a comparative advantage in producing that good if the opport...

Q: narket. arket. arket. arket.

A: The buying of stocks, or corporate or government bonds is a way to invest in the capital markets. 

Q: Sam promises to pay $200 per month to a local police officer, Brenda, (who is already paid a salary ...

A: Employees might get their salaries as soon as they earn them, which is known as demand pay. Employee...

Q: chere is excess demand for money at the prevailing interest rate, the likely response is until the q...

A: The quantity of money demanded decreases as the interest rate rises. The quantity of money demanded ...

Q: In our lecture we study about joint stock companies,. Discuss the important points of joint stock co...

A:

Q: What is land? What os the importance of land in our day to day life?

A:

Q: Does Smith think these new low skill jobs created by the Industrial Revolution will be good for soci...

A: Smith believes that the Industrial Revolution's introduction of low-skilled occupations will benefit...

Q: White Oaks Properties builds strip shopping centers and small malls. The company plans to replace it...

A: Given  Initial cost or first cost of the equipment P=$750,000 Operating cost =$240,000 per year Salv...

Q: Jerry spends $ 10 a month on pet dispensers and superman action figures. His marginal- utility-to-pr...

A: Money spent by Jerry = $10 Marginal utility to price ratio for pea dispenser = 40 Marginal utility t...

Q: 2. What is the maximum amount you would pay for an asset that generates an income of P550,000 at the...

A: Opportunity cost means the sacrifice of a person while choosing an alternative.  

Q: Explain what the theory of money is in words and mathematical expressions, and then relate this prop...

A: The quantity theory of money holds that price changes are related to changes in the money supply. It...

Q: Which of the following statements concerning long-run national saving is true?

A:

Q: The Phillips curve describes the relationship between... O a. The unemployment rate and the rate of ...

A: A. W Philips gave the concept of Philips curve which was based on empirical data of UK of around 100...

Q: One In the market for sugar, there has been a discovery of a new technology for more production of t...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: Consider a town in which only two residents, Alex and Becky, own wells that produce water safe for d...

A: [a] Profit is calculated by taking the difference between total revenue and total cost. Profit = TR ...

Q: A firms production function is Q(L)=15L2-0.1L3, where output (Q) is a function of a single input lab...

A: For finding out the maximum value of any function, we need to derivative it and put it equal to zero...

Q: Consider the following scenarios and explain for each what the effect is on the official unemploymen...

A: a. Unemployed workers who stop looking for work are referred to as "discouraged" workers, and they a...

Q: Which of the following statements are true? (i) When demand is price elastic, total revenue moves in...

A: (i) When demand is price elastic, total revenue moves in the opposite direction of the price change....

Q: Why do countries integrate?

A: There are many reasons that the countries integrate, for example when many countries integrate then ...

Q: Price 38 Supply 34 28 22 16 Demand 10 6 4 5 10 20 30 50 60 70 80 90 Quantity 40 2.

A: When the world price is less than the equilibrium price, then the domestic demand will be higher tha...

Q: An investor owns $6,000 of Adobe Systems stock, $5,000 of Dow Chemical, and $5,000 of Office Depot. ...

A: Stock Portfolio weights Adobe system stock 0.375 Dow chemical 0.3125 Office Depot 0.3125

Q: Justify!! 1.- In the simple 45º model without public sector or foreign sector, an autonomous spendi...

A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...

Q: Briefly define the four dimension of globalization.

A: International ties are forged in business, politics, culture, society, and the environment. Analytic...

Q: Table 3-5 Assume that England and Spain can switch between producing cheese and producing bread at ...

A: Answer: Given,  

Q: Suppose there are only two goods - Food (F) and Shelter (S). The demand equations for these two good...

A:

Q: The pound–euro exchange rate is essentially the price of one euro in terms of pounds. When this pric...

A: The rate at which one currency is being measured in terms of another currency is known as the rate o...

Q: Question 4 A "deterioration of lending practices" occurs when: O lenders require larger down payment...

A: When borrowers are subjected to unfair, deceptive, or abusive loan terms, "predatory lending" is use...

Q: Assume both firm 1 and firm 2 are in the market and act as oligopolists. Assume furthermore that the...

A: In Bertrand competition, firms charges price of its product simultaneously.

Q: 3. The kinds of money Personal possession of currency is prohibited in U.S. prisons, although, in pr...

A: There are two kinds of money: 1) "Fiat money is  not backed by any commodity and is declared as a le...

Q: A higher reserve requirement is associated with a money supply. Suppose the Federal Reserve wants to...

A: Money Supply" refer to the total volume of money held by the public at a particulars point in time i...

Q: Discuss reasons why women are more likely to be economically burdened in old age vs men.

A: A person is said to be economically burdened in old age (or in any stage of life) when his/her incom...