Suppose one thousand (1000) units of product Aare produced by XYZ limited and the quantity demade for the product is two thousand (2000)units .All other things remaining constant,$18 change in price of product A results in change quantity demaded and supplied of 6 and 9 respectively.XYZ limited has a work force of 500 people who Pay income tax of $200 each .Supposed the government introduce a subsidy of $10 on each unit of A produced. Calculate the new equilibrium price and quantity

Q: The income tax on earnings will eventually decrease working hours.  With appropriate diagram,…

A: Labour supply is defined as the amount of total hours a worker or employee is willing to work at a…

Q: Question 23 Which of the statements below is true? OLAfim eaming zero economic profits is not eaming…

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: 2.) Explain the impacts of high oil prices on economy, energy (oil-based energy such as fossil fuel)…

A: Prices have a huge impact on both supply and demand and also the buying decision. And thus any…

Q: ood X as an input into its manufacturing process. It buys 8000 units of good X 1000 units of good Y,…

A: *Answer:

Q: The compensation is 300, consumption is 500, rent income is 200, profit is 100 and direct taxes are…

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

Q: -hen ... US household buys a new refrigerator, manufactured by a US firm? rd Motor Company (a US…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three subparts…

Q: QUESTION 2 When a business purchases a new piece of machinery for $45,000, this purchase is…

A: The answer is - investment

Q: The economy of Zambia has two sectors, agriculture and industry. Consumers are the end users of the…

A: The Gross Domestic Product (GDP) is the measurement of the monetary value of all the final goods and…

Q: Contruct the Supply and Use Table for Balowamma (i )Corn was imported by the agricultural…

A: In the mentioned question, we have to construct the supply equation from the mentioned information.…

Q: hat are the Functions of production Injections and leakages

A: Circular flow of income: It refers to a process or a model of the economy in which exchange is shown…

Q: yeal, $1,600,000 worth of computer components. ABC's costs are labour, $700,000; interest on debt,…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: INTERNATIONAL TRADE  1. Calculate the eftects of the price change from 5 to 8 on the income of the…

A: Marginal product of labor represents the additional output that a firm is abe to produce with an…

Q: se Scenario 1. People are becoming more aware about their health and believe that ice cream is very…

A: 1. Demand will decrease as people are more aware about their health.  2. The price of Nike shoes…

Q: The total value of all capital goods newly produced in a given period is Select one: O a. gross…

A: The correct answer is given in the second step.

Q: 15. For this question use this aggregate production function as a model of output. Y = Ax VK x VI…

A: The link between the number of productive inputs (such as labour and capital) used and the amount of…

Q: The country of Old Jersey produces milk an gallons and prices are dollars per gallon. Year 2 Good…

A: The gross domestic product, which is calculated using the present prices is referred to as nominal…

Q: 12. Market equilbrium and disequilibrium The following graph shows the monthly demand and supply…

A: Market equilibrium  Equilibrium is when market supply and demand are balanced, resulting in steady…

Q: ocial Security Contributions axes on Production and Imports 15 20 prporate Income Taxes ransfer…

A: Answer   GDP = personal consumption expenditure (C) + Gross private domestic investment (1) +…

Q: Tim Hortons says a weak roll-up-the rim campaign contributed to sales falling 0.6% worldwide and…

A: Given: Fall in sales worldwide=6% Fall in sales of Canada=-0.4% Sales in 2017=$4.15 billion To find:…

Q: 8. Which of the following is classified as an intermediate good? i. Your purchase of a Big Mac. ii.…

A: The items that are being used for the satisfaction of human needs and wants are known as goods.…

Q: From the following data calculate the gross value added at market price. 700 None 1300 Categories…

A: Gross Value Added refer to the value of goods and services produce in an economy .

Q: (a) What is the revenue from producing 25 units of goods? The revenue from producing 25 units of…

A: The revenue is the total amount of money which can be earned by selling units of output. The revenue…

Q: Commodity Unit January February March April May ROOT CROPS Carrots Cassava Com mon Yam Im ported y…

A: Given information 2 goods Chive and Celery are used together and price and quantity is given for…

Q: 40. Calculate equilibrium income when C= 140+ 0.80Y I= 160 G=200 X 150 %3D M=100. %3D

A: In the Income- expenditure model, the equilibrium is at the level of GDP where aggregate expenditure…

Q: Cônsider the following production data for a small economy and answer the below questions. (Note,…

A: Here, it is given that the base year is 2012 due to which one need to use prices of 2012 to compute…

Q: The Patel family buys a house from their retired neighbor Helga for $600.000, which is $400.000 more…

A: GDP can be calculated by counting the monetary transactions on the purchase of the house.

Q: QUESTION 22 The value of land (as diannot trom human improvements to landi is oreated by nature and…

A: Here, it is given that the land will be taxed, but if it becomes a building, it will not be taxed,…

Q: 25- 20 15 10 10 20 30 Good A 40 50 O A. Additional capital is raised. B. More workers and workers…

A: Production Possibility Curve represents different combinations of two goods that can be produced in…

Q: 35. The slope of the iso-coSL line is: a Price ratio of inputs. b. Price ratio of output. c. Price…

A: A graph that represents the different combinations of the input factors (usually labor and capital)…

Q: Commodity Unit January February Маrch Аpril May ROOT CROPS Carrots 97,887 62,325 119,861 76,868…

A: Given, 2 goods Celery and chive are used together, and prices and quantities are provided for the…

Q: Scenario  Milk is flowing like never before in the U.S., where dairies have expanded output enough…

A: The very question, demands about how to maintain the balance or say maintain equilibrium at the…

Q: Which one of these is a positive economic factor that may help grow the tourism business?…

A: Positive economic factor depicts that the positive impact of any factor in increasing the tourism…

Q: An economy is defined by the following equations: C=500+0.8(Y-T) 1=300+0.3Y X=0.3Y* IM=0.3Y T=1000,…

A: Given, Consumption: C=500+0.8(Y-T) Investment: I=300+0.3Y Government Expenditures: G=2000 Exports:…

Q: onsider the following system of equations: -2x+3y=-3 and 3x-4y=5 Use amer's rule to solve for x: * O…

A:

Q: Marginal WTP DO Level Aggregate MWTP (ppm) A $10 $10 $12 6. 8. 10 4. 6. 8. 3 2. 4. 4 2. 4. 0. 6. NO…

A: There are three individuals, i.e, A, B, and C The marginal WTP of each level of DO for each…

Q: Bob gets in a fight with his boss and is fire- A. seasonal B. frictional

A: Labor force= employed+ unemployed

Q: You live in Canada, and purchased a car manufactured in Japan this year from a dealer in Canada. The…

A: As we know that GDP is the calculated by adding all the market value of goods and services produced…

Q: Cooperton and Denalla each produce two products; pots and pens. The table shows the productlon…

A: In Cooperton : Opportunity Cost of Pot =  2000/100 = 20 pens Opportunity Cost of pens = 100/2000 =…

Q: An economy produces only steel and coal. These two commodities serve as intermediate inputs in each…

A: Solution. Here the technology matrix is given under   Steel Coal Final demand Steel 0.3 0.2 120…

Q: Which industry is somewhat protected from economic downturns? (Select all that apply) O Capital…

A: NOTE: We;ll answer the first question as the exact one isn't specified. Please resubmit the question…

Q: 29) How many units of labor will the AquaPlant hire based on the figures from the table? 30) What…

A: When factor and product market both are perfectly competitive then labor market equilibrium is…

Q: 12. Given the input-output matrix Industry Oil 180 36 72 72 Industry Final Demand Housing 144 Health…

A: Following are the demand and input-output combinations which are provided -

Q: 1. Consider the market for used textbooks. Use  Exhibit A-5 to calculate the total producer surplus.…

A: Since we answer only one question at a time, we will answer the first question. Kindly upload the…

Q: , while Services sells 70% of its output to Goods and retains . Find equilibrium prices for the…

A: A goods is a tangible thing that buyers want or own. A service is definitely not a substantial or…

Q: AS 300 600 900 Aggregate output (income) (Y) (billions of dollars) Figure 11.2 Refer to Figure 11.2.…

A: The AS curve is an upward sloping curve showing the relationship between the price level and the GDP…

Q: Given Co = $ 125.00 C1 = 0.3 !! | = $6187.00 G = $5993.00 X = $2100.00 mo = $ 375.00 m1 = 0.1 %3D…

A: Answer: Given, C0 (autonomous consumption)=$125.00c1 marginal propensity to…

Q: sing the data in the table, gross domestic product equals O A. $2,150. OB. $1,920. OC. $2,400. OD.…

A: GDP refers to production of goods and services during an accounting year.

Q: Home Foreign 100 L 25 MPL Wheat 3 2 Cloth 4 1 Assume no-trade in problems a-h a. What is the…

A: Ricardo in his model of comparative cost advantage explains that even with the technological…