Q: briefly.
A: As we know generalizability is a measure of how applicable a study's findings are to a larger set of…
Q: Can I also have answers D and E? Thank you!!!
A: The loanable funds market describes the process of borrowing. Savings provide the source of loanable…
Q: Explain the Global strategic partnerships with example
A: When two or more firms from different countries collaborate and pool their resources to reach more…
Q: What are the difference between wagners Law and Parkingsons law?
A: Both the Wagner’s law and Parkinson’s law are two different laws of economics where Wagner’s law is…
Q: What’s the invisible hand?
A: The concept of the invisible hand was introduced by Adam Smith in his 1759 book The Theory of Moral…
Q: 10,000
A: The figure above represents the market for iced tea . Assume that this is a competitive market. In…
Q: What is golden rule solution?
A: Introduction : In economics, the Golden Rule savings rate is the rate of savings which maximizes…
Q: occurred because: ters FF EE FF EE Textiles
A: The diagram above shows two production possibility frontiers for an economy. The movement of the…
Q: In a sentence, describe the meaning of the phrase “invisible hand.”
A: The concept of the invisible hand was brought by economist Adam Smith in his book "the wealth of…
Q: ince they cannot prevent others from copying their ideas. Do you agree? Discuss.
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: How do you think Smith's book influ- States? What are economic enigmas?
A: When the American Revolution began, a Scottish philosopher began his own economic revolution. In…
Q: Does energy independence increases or decreases scarcity.
A: Scarcity: The word scarcity refers to the situation when the availability of resources is not…
Q: All societies must take decisions on collective resources should be allo- cated. In democratic…
A: Since you have asked answers to only questions c and d, we will answer both these questions for you.…
Q: What came after Bretton Woods?
A: In 1944, the Bretton Woods Agreement introduced a new worldwide monetary system. The US dollar…
Q: In your own words, how can efficiency wage reduce principal agent problem ? How can efficiency wage…
A: The principal-agent problem is a conflict between the interests of the owner of the asset and the…
Q: A person who translates business requirements into technical systems requirements is a ___________.
A: The businesses include the various components in an economy wherein the major considerations involve…
Q: Discuss whether the goal of efficiency is in line with Islamic principles
A: Goal of efficiency involves different principles such as minimisation of cost,minimisation of…
Q: How SWOT analysis affects the business organization
A: SWOT stands for strengths, weaknesses, opportunities and treats.
Q: 30. The price of strawberries decreases (goes down), the strawberries a quantity demanded,…
A: We know that The demand curve indicates that when the price of good changes what happens to its…
Q: ges are high in poor countries because businesses are run D a. True b. False efficiently.
A: The definition of economic efficiency is the distribution or allocation of all goods and factors of…
Q: What is equally
A: The unequal distribution of money and opportunity among different groups in society is known as…
Q: What are the Nagative impacts of Manufacturing in the economy?
A: The manufacturing industry is a vital area in numerous public economies and is engaged with making…
Q: What is Enterprise example
A: ‘Enterprise’ refers to a project or undertaking, which is difficult, complicated or risky. It is a…
Q: What is the meaning of the statement "Technology doesn't just get adopted because it works. It gets…
A: In a market, technology is one of the economic drivers that contribute to improving economic growth…
Q: Dominos offers all its customers 40% off any pizza if you order using the dominos app. This is an…
A: There are three degrees of price discrimination. In first degree, discrimination is to capture all…
Q: (Round your $4
A: We have, Price/Investment = $2,06,900 Mortgage Interest = 9% Down payment Interest = 10% Time = 15…
Q: Compare and contrast Say's law with Kemudian economics.
A: Aggregate demand refers to the demand for final goods and services by all sectors in the economy.…
Q: What is the solution to the attached?
A: OPTION A - Marginal Propensity to Consume MPC = Change in Consumption/Change in Income MPC = ∆C/∆Y…
Q: 11. In the depths of my imagination, the environmental Kuznets curve (EKC) looks like a half donut…
A: Environment Kuznets curve represents the relation between the income level in an economy and…
Q: Explain the concept of the invisible hand that was created by Adam Smith.
A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…
Q: What are the five groups on the diffusion of innovationcurve?
A: Innovation curve represents the relationship between the rate at which a new technology is adopted…
Q: Queuing is a w
A: Ans is :- On a first-come, first-serve basis .
Q: 100 200 300 400 figure above illustrates Mary's PPE. Which of the following statement is FALSE?
A: The production possibility curve shows the different combinations of two goods that can be produced…
Q: What are the key elements of the scientifific method and how does this method relate to economic…
A: The methodology used by economists to determine economic laws or values is the scientific method. To…
Q: what is author “Craig VanGrasstek,” definition of WTO
A: Craig VanGrasstek is an economist whose areas of expertise include history of international trade,…
Q: What made Jose Rizal become a mason?
A: José Rizal is regarded as one of the Philippines' most illustrious figures. He was a political…
Q: 04) For each of the following changes, whar
A: Sine there are multiple parts in this question, we will answer the first three parts for you. If you…
Q: In your own words, Explain what is BJMP. Write in 200 words.
A: BJMP is known as Bureau of Jail Management and Penology which is a Department of the Interior and…
Q: Answer the questio
A: As we know A recessionary gap, or contractionary gaps, happens when a country's genuine GDP is lower…
Q: evaluate if the United States has been a leader in the global economy in recent decades. answer…
A: The global economy may be defined as the total of all activities that occur both inside and between…
Q: What is the importance of the phrase "Invisible hand" Introduced by Adam Smith in his book "The…
A: The distribution of resources emerges as a challenge to a society that is resources in a finite…
Q: Marian gave a speech in which she explained how she keeps cut flowers fresh for long periods.…
A: The unethical practice that Marian is guilty for is Plagiarism. As she copied someone’s else idea…
Q: Use the theory of the invisible hand to analyze events in everyday life.
A: Answer: The theory of invisible hand is given by the classical economist Adam smith. According to…
Q: Adam Smith introduced the concept of division of labor with an example of making a pin. Describe…
A:
Q: person. a) O TRUE b) FALSE
A: Foreign Exchange, or forex, is the change of one country's cash into another. In a free economy, a…
Step by step
Solved in 2 steps
- If the price of a magazine is 4 each, what is the maximum number of magazines she could buy in a week?Think back to a purchase that you made recently. How would you describe your thinking before you made that purchase?Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers stayed at 2 and his budget remained 10 per week.) Draw Alphonsos new budget constraint. What happens to file opportunity cost of bus tickets?
- Draw Maries budget constraint with pies on the horizontal axis and magazines on the vertical axis. What is the slope of me budget constraint?ON & 1UCSTION 2 Wr any C NE questions of the t wo in this section in the answer book 2.1 Answer the following questions. 2.1.1 Name T wo types of imperfect markets 2.1.2 Explain why demand curve has a negative slop. 2.2 Study the Table below and ansvwer questions below 121 12) Number of Burgers Total utility Marginal uility 10 18 3 23 25 26 24 A [Adapted from Focus Economics grade 10 page 97 figure 5.2] 2.3.1 What is the source of the table above? (1) (1) 2.3.2 How much was marginal utility in unit 3 (2) 2.3.3 Briefly describe the term utility (2) 2.3.4 Calculate A in the above table (4) 2.3.5 Draw a marginal utility graph using the information aboveHow will each of tbe pollowing demand Supplyaffecti eqpilbrius and "equilibium queatity Lompetitive narketi Supply and demand diagsams and feice in Also se to ansuer. ) Demand inereaser and Suply is Constant
- Question H a Siven the table below, Calculote the average physicol product and morginol physicol produCf Heput lotal physicol Prodoct Aueroge Physicol Pineluct Marginal Physzcol Procuct 4. 24 6)Assume that demand for a commodity Maize is repiesented by the equetion R Ps10-0.2QP ond supply bythe equotion P=a+Du2@s, where Qd and @s are quantity demonded (ng) and Sopploed by Chg),respectiwoly, ond Pis price (us Dolbras) 1 Using the equilibicum Condition Os= Ad, solue the equotions to determine equilibrium price and eqailibium quantity. iJNow,assume that the gover ament intervenes by imposong a morket puce of 18 tor maize. What will be-che market Sutuotion Creadedl la tit this now morhet 19) How can you aduise the with the market situction created in f) ebove?CNOLLS we r any CONE questions of the two in this sectlon in the answer book 21 211 Answer the following questions Name T WO types of imperfect markets Explain why demand curve has a negative slop 2.1.2 2.2 Study the Table below and answer questions below. 121 Number of Burgers 121 Total utillty Marginal utility 10 18 8. 23 25 26 1 6. 24 A [Adapted from Focus Economics grade 10 page 97 figure 5.2] 2.3.1 What is the source of the table above? (1) 2.3.2 How much was marginal utility in unit 3 (1) 2.3.3 Briefly describe the term utility (2) 2.3.4 Calculate A in the above table (4) 2.3.5 Draw a marginal utility graph using the information above 0851 897 345OThe figurm to the nght shws he maket for pran The matet lyin m t pe of P, ndeuy ot a, Now epse produoes decide t t Q, hoder he pree t Al be pree P, cormen are wiling to buy the a, pends of greree thi n econenily efent ty OA Ye, beraune be price P, hown what conumen wng te pey the pdut D. No the mergnal cost of he lest un (0ad the margl beneof the ltunt OC. Ves ofherwise consumere wod ty 0, uns ferw OD M the margnel benette lt n 0jecend the merg cot of lt u Seyf Nuxt
- See Pigure entitled "Conumer move from A to B or C. Aume that this figure shows Gustavo's demand for a product called Daton. If Gustavo ia originally at point A, which ot the following can cause him to move to point C. For each of the options gives ume that all other determinants of demand (other than the change specified) remain unchanged. Connet move bom A to B or C 40 20 10 60 Quaitity ) Decrease in price of Daton's substirute Caton. 2) Deerease in price of Daton 3) Increase in price of Daton 4)Inerease in Gustavo's incomevivo Y20i anci ara Plot the collowng hpothenical morko dnnd cut supply cchedulerur commad t X Quantity Demanded mite Price fero 160 300 950 G00 200 Junits 2500 20.00 16 00 10 00 000 900 800 200 /000 400 13 200Explain, Why is the marginal utility curve declining with incresed consumpition of burgers?