We have assumed Hhe production functiorn AF (K.L) eahibite a anstant returrns to cale. That 1s IF He have to multiply the inpute Kand L by any pesitive number we multiply autput Y by the sanme number Show the conditioNs that we an uinte the production functioni as equation y- A'p(k)
Q: List and explain two determinants that would cause the production possibility curve to shift inwards…
A: The production possibilities curve (PPC) is a chart/graph that shows each of the various different…
Q: A boost in investment sentiment will shifts IS curve right. O True False QUESTION 6 A boost in…
A: In an economic perspective, an investment is the buying of goods that are not utilized today but are…
Q: Suppose that our demand curve is given by P = 5 - 0.1Q. The supply curve is given by P = 1+0.4Q.…
A: Answer; Equilibrium price is $4.2
Q: The Bureau of Economic Analysis has recently released the following information for the most recent…
A:
Q: Find the values of (x,x) that maximize the function f(x,x) = 80x – 2x2- XV.– 3y² + 100y subject to…
A: Answer is given below
Q: Consider the market for lattes What would happen to the equilibrium price and quantity of lattes if…
A: The answer is - The equilibrium price would decrease, and the equilibrium quantity would increase.
Q: (A). Diagram 2: The DD -AA model Exchange rate, E DD E AA Output, Y Use the DD-AA model to examine…
A: The correct answer is given in the second step.
Q: 1. As Lorenz curves cross, less inequality is present in the case where ________. a. we cannot say…
A: As Lorenz curves cross, less inequality is present in the case where ________. a. we cannot say b.…
Q: A country called Criton is running a referendum on its international trade policy. After careful…
A: The median-voter theory is also known as the black's theorem or the median voter theorem. It is one…
Q: 1. Use the following information from a fictional economy: Consumption, C = 250 + 0.8 Yd Investment,…
A: When aggregate supply also know as (AS) and aggregate demand(AD) are equal to each other, then…
Q: Refer to the Figure 2-1. What is consumer surplus after the tax? You can answer this in one (or…
A: Consumers surplus is the area above the price and below the demand curve.
Q: A country club usually only allows members to purchase tickets for its celebrity golf tournament,…
A: A stable equilibrium is the consequence of supply and demand counteracting each other. When supply…
Q: A 90 day T-bill with $1,000,000 face value is priced at $997,500. What is its equivalent annual…
A: Answer; Option (d) 1.02% is correct
Q: Assume that commercial banks do not hold excess reserves. The banking system has $30 million in…
A: Given; Reserve= $30 million Required reserve= 10 % Currency held by public= $50 million $30 million…
Q: Closing educational gender gap is broadly considered as economically desirable since ________. a.…
A: Answer -
Q: Consider the market for lattes. The government is considering imposing a new regulation that would…
A: A fall in production and an increase in the cost of production will impact the equilibrium quantity…
Q: In the open circular flow diagram, Oa. Domestic Savings - Domestic Investment = Trade Balance…
A: "In macro-economics there is a relation between domestic savings, domestic investment, and trade…
Q: (B). Diagram 2: The DD -AA model Exchange rate, E DD E AA Output, Y Use the DD-AA model to compare…
A: The correct answer is given in the second step.
Q: How many months will it take for PHP 580,000 to amount to PHP 800,000, at a discount interest rate…
A: Present Value = 580,000 Future Value = 800,000 Interest rate = 5.5%
Q: 2021, 2.2 billion rials. Oman has taken measures such as reduced spending and plans a 5% value-added…
A: Aggregate demand is a measurement of the total amount of demand for all finished goods and services…
Q: On September 27, 2015, Koala, Inc. issued a 10 year bond (with a typical $1,000 face value) that had…
A: Answers [1] Face value = $1000 Annual coupon payment = $65 Nominal yield = Annual coupon payment/…
Q: Explain in detail the characteristics of pure monopoly market model? Asap
A: A pure monopoly arises when a single corporation controls a market for a certain product.Although…
Q: Jumbo Enterprises is the sole producer of jumbo jets in the economy. Demand for jets is given by…
A:
Q: To achieve the potential gains from international trade, O A. Brazil should produce both quinoa and…
A: Cross-national economic exchanges are referred to as international trade. Consumer commodities, such…
Q: Consumption expenditure: Investment expenditure: Government budget balance Money demand C= 100 +0.8…
A:
Q: 6. Price Ceiling Suppose that, to benefit consumers, the government imposes a price ceiling on milk.…
A: Price ceiling:- A price ceiling can be explained as a pricing limitation, or restriction, placed by…
Q: Instructions: • Write the GIVEN with their respective symbols and units. • Do not skip the…
A: There are two group A and B both have 1210 total amount . And there are some proportion of A's and…
Q: lower interest rates are anticipated to have a positive impact on the economy a. Reduce your…
A: The amount of interest payable every period, expressed as a percentage of the amount loaned,…
Q: When the interest on government debt drives the debt level even higher. O. debt spiral O. debt…
A: The entire outstanding debt (bonds and other instruments) of a country's central government is…
Q: The only way for a firm in a monopolistic competition to increase its sales is to lower its price.”…
A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…
Q: Suppose a bond with no expiration date has a face value of $10,000 and annually pays a fixed amount…
A: * SOLUTION :- From the given information the calculation is provided below as
Q: Consider the utility function u(x, y) = x1/2y1/2. How do the marginal utilities change as x…
A: Ans. Utility function u(x, y) = x1/2y1/2Take the partial derivative of the utility function w.r.t.…
Q: the tax of $6 per unit ,the price that consumers will pay is $10 and quantity sold is Q=20…
A: the tax of $6 per unit ,the price that consumers will pay is $10 and quantity sold is Q=20
Q: If Philip's utility function is U=4 (41)05+42 what are his demand functions for the two goods? Let…
A:
Q: The U.S. Senate passes a bill stipulating that there should be a guaranteed minimum price for…
A: The U.S. Senate passes a bill specifying that there ought to be a guaranteed minimum price for…
Q: TRUE OR FALSE: 1. Economic growth and poverty have a strong positive correlation. 2. High-income…
A: 1. Economic growth and poverty have a strong positive correlation. Economic growth has a trickle…
Q: VC FC TC AVC AFC ATC MC 0.00 3,780.00 NA NA NA NA 1 400.00 2 700.00 3 900.00 4 1,000.00 1,050.00…
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 parts as per…
Q: Which one of the following statements is false? O A. Liquidity preference model suggests that when…
A: The answer is - D. Liquidity preference model suggests that higher GDP growth leads to higher…
Q: A company manufactures dog leashes that sell for $20.97, including shipping and handling. The…
A: Here, given information is: Selling price per unit: $20.97 Fixed cost: $23,202 Variable cost per…
Q: Suppose the Chinese government wants to set a fixed exchange rate equal to $6.00 per yuan, and the…
A: A fixed exchange rate is a regime used by a government or central bank that restricts the nation's…
Q: TRUE OR FALSE: 1. Productivity as well as standards of living is improved by investments in human…
A: The material well-being of the common individual in a particular demographic is referred to as…
Q: If the marginal propensity to save is low a. The spending multiplier will be reduced b.…
A: In an economy, the marginal propensity to save refers to the amount of additional income that is…
Q: hich one of the following statements is false? DA The price-level effect of the growth of money…
A: The answer is - B. Liquidity preference model suggest that higher GDP growth leads to higher nominal…
Q: 1. The Gini coefficient gives a measure regarding ___________. a. the level of relative inequality…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Required: a. Based on the above statement, discuss FOUR (4) factors that caused the fluctuation in…
A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…
Q: There is a market with monopoly conditions with Q= 100-P (demand) and MC-AC-20. The monopoly price…
A: Monopoly is the form of market where only single seller sale the products to large numbers of…
Q: Income inequality is not good for economic development for the reason that _______. a. Income…
A: In economics, income inequality refers to a large gap in income distribution across people, groups,…
Q: f you deposit $10,000 in a bank account that pays a 2% interest compounded monthly for five years,…
A: Deposit = 10,000 Interest rate = 2% compound monthly Time period = 5 years Inflation Rate = 5%
Q: Economic development is unsuccessful to stabilize population growth in LDCs because of certain…
A: The increase in the number of human beings On the planet is known as population growth.Our…
Q: 2. Solow Model without Technological Progress (g = 0): Consider an economy which has the following…
A:
5
Step by step
Solved in 3 steps with 1 images
- What offect would an increase in the cost of materials used to produce cars have on the supply of cans? O Increase O Decreaseven the following linear functions describing the supply and demand for widgets: na, using the algebraic methods explained in the lesson, the equilibrium price ) Cony substituting the equilibrium price into the original functions, calculate the equilibrium quantity rconirm your results by completing a supply and demand schedule and by graphing the supply and demand curves, being sure to mark in the equilibrium price and quantity on the axes. Qs = -4 + 2P Qd = 24 - 2P a) Equiibrium price : as- Qd Qs =-4+2x7=10 Qd - 24-14= 10 %3D -4+ap= 24-2P -4P=-28 P=7 Qs = -4 + 2P lo Price ($) Qd 24 - 2P 8. 10 10 2. Equaibrium at (7,10) 123456189 10 PriceArea of original paper 3.1.1 Complete the table above. lal paper change as htandia fokcs oto dsfterent laalves? wa the or th glain your anawer Describe he kind of relationahip between the ares of the original paper and the aumber of folds. 3.1.3 4. Mr Majola owns a shop where he repairs household appliances. He woulid like to buy a cell phone so that he can contact his customers after their work is done. Two different cell phone providers forwarded quotes to him upon request. Cell phone provider SAVE MORE quoted R80 per month and R2,50 per minute. Cell phone provider CASH IN quoted R100,00 per month and R2,00 per minute. Look at the incomplete table below: Airtime in minutes: t 10 20 30 40 50 60 SAVE MORE'S cost in rands: CM 80 105 130 155 Ass 380530 CASH IN'S cost in rands: Ca 120 140 160 240 340 460 100 4.1 What does the table above show? 4.2 Write down the symbol which represents the independent variable. 4.3 Where does the value 80 in row 2 come from? 4.4 Explain the situation if…
- Piper Gene Munster, the person responsible for a survey dedicated to Apple in which he " found" out an estimated number of IPhones that were sold, has come up with yet another interesting theroy. According to Munsterand the past-week Apple announcement about 1 million IPhones sold, the calculations take to the conclusion that after the price cut,the sales increased up to 200%... By Munster's reckoning, Apple and AT&T were selling an averageof 9,000 IPhones a day before the price reduction, which would have put their quarterly sales at 594,00 as of September 5. By the end of the quarter, he believes Apple will have sold a total of 1.28 million Iphones. What was the price elasticity of demand for IPhones in 2007 prior to the price reduction if the percentage change in price was 40%?Why is a production possibilities frontier typically drawn as a curve, rather than a straight line?Use the following information toanswer the questions belowComputers:Soybeans:Total revenue =Total120revenue = 120Payments to labor =60Paymentsto labor = 80Payments to capital =60Paymentsto land = 40Holding the price of computersconstant, suppose the price ofsoybeans rises 10% and that the wagerate increases 5%.a. What is the effect of these changeson the rental rate of capital?b. What is the effect of these changeson the rental rate of land?
- For the EUAW Select one: a. Both of above O b. Output is positive and input is negative c. Input is negative and output is positivePlease help me solve these these. Thank you.Price per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANE
- suppose the price of orange juice rises and the apples falls. what would you expect ti happen to the price and quantity of apple juice? why would the equilibrum quanity increase while the impact onbthe equilbrum price be uncertain?Time left 0:56:44 All of the following except one would increase the amount of a particular model of a Ford automobile that buyers would like to buy. Which is the exception? Select one: O a. an increase in buyers' incomes O b. increased prices of other Ford models an expected future increase in the price Ос. O d. a decrease in the price of steel an increase in the population O e. Next ge eg IMG_7969.jpeg JPEGE D C B In the graph above, the shift from curve 'B' to curve 'C' can be attributed to the- O Rising cost of raw materials O Price of a complimentary good decreasing O break-through of new technology O decline in average annual income