Q: Y = AK^ L' %3D
A: Y=AKαL1-α Where K represents the capital L represents the labor
Q: Practice questions 1. Given a firm's total cost function as = 12 + 60Q- 15Q² +Q³ Suppose that the fi...
A: The firm has to incur the cost while producing goods and services. Costs are divided into many parts...
Q: Question 2 Consider an overlapping generations model with the following characteristics: individua...
A: Introduction: Equilibrium is the situation in which market supply and demand balance each other out,...
Q: The consumer surplus from a good is measured by the A) area of the triangle above the market price l...
A: We know that the marginal benefit is the additional benefit received by consuming one additional uni...
Q: It is the periodic compensation for the use of money; the amount of money paid for the use of borrow...
A: The price of capital is called interest. Interest rate refers to the percent of the principal value ...
Q: The vertical distance between points A and B represents a tax in the n 1Price 12 11+ 10 Supply 9 8+ ...
A: The total surplus is sum of consumer surplus and producer surplus.
Q: when covid hit how did it effect tariff in the U.S. economy?
A: The first impact of the COVID-19 epidemic on the U.S. economy was widespreàd and affecting people in...
Q: 3.1 Suppose the economy of Panicia is initially at a long-run equilibrium. The Central Bank then inc...
A: 3.1 Economy of Panicia is long run equilibrium, aggregate demand and supply changes in the output an...
Q: Briefly synthesize (4-6 sentences) the 2020 fiscal policies implemented by the US government as a re...
A: COVID 19 badly effected the economy where the almost each and every economy has faced downturn phase...
Q: 1. Consider an economy with three types of workers that differ in their abilities a, = 1, az = 2 and...
A: a. Here the expected marginal product from a labor is, (1/3)(a1+a2+a3)=(1/3)(1+2+3)=2 Expected value...
Q: What are the similarities and differences between a short-run supply curve and a short-run market su...
A: Supply is the quantity seller are willing to sell at certain time and place . And supply curve sho...
Q: According to the product approach to Gross Domestic Product (GDP), GDP is the sum total of Four Comp...
A: When talking about product approach to easily gross domestic product, it explains the production and...
Q: Use the following table to answer the next five questions. Market for Corn Year Price Quantity Deman...
A: Equilibrium Price: It is the price at which Quantity Demanded for a good is equal to the Quantity Su...
Q: Question 10 is a real-life example of a price floor. a) Any market equilibrium price b) A black mark...
A: Price control refers the minimum or maximum prices set legally by the government for specific goods ...
Q: A firm is a profit-maximizing monopolist in the market of a patented computer software. As an econom...
A: At profit-maximizing quantity, marginal revenue is equal to marginal cost.
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A: Formula for 1 . page chant cost - Dividing the cartridge page yield by the cost of printer cartrid...
Q: a comparative advantage in growing tomatoes if om's marginal benefit from tomatoes is greater than D...
A: Tom and Debra are the only people in an isolated village who grow tomato and lettuce. Comparative A...
Q: 3. Suppose that as the income level increases by 10% that the quantity demanded of that same item in...
A: Income Elasticity is the responsiveness in quantity demanded to the change in income level . And th...
Q: If these population changes were only due to human migration, what conclusions could be made, based ...
A: Answer: Introduction: Immigration: Immigration means the movement of people to a foreign country for...
Q: Which type of policy – fiscal or monetary - do you feel was most impactful 2020? Why?
A: We show that Both monetary ànd fiscal policies are growing naturally as they will focus on increasin...
Q: Choose ALL of the key terms listed below which are usually associated with a country that earns more...
A: When talking about the degree of freedom from political and economic pressure, higher the freedom al...
Q: The following net transaction accounts and cash reserves at the Federal Reserve have been documented...
A: a. The average is calculated by summing up the net transaction and dividing it by the number of days...
Q: If the current dollar to Peso exchange rate is $1 = 40 Pesos and in the forward market it is $1 = 30...
A: Here, it is given that, the current exchange rate between dollar to pesos is $1=40, and forward exch...
Q: The graph above represents a bilateral transboundary pollutant and the economics of reaching an agre...
A:
Q: 6.The standard Solow growth model assumes: a. The depreciation rate is a choice. b. The capital-ou...
A: The Solow growth model can be explained as the model of long-run economic growth. A major component ...
Q: Question 41 If inflation occurs in a country, we know that a) both real and nominal wages are rising...
A: Correct option is b).
Q: 14. The "big tradeoff" refers to A. producing capital goods instead of consumable goods. B. marginal...
A: Trade off exists where the two objectives can not be achieved simultaneously.
Q: the Valuc Personal disposable (net) income ii. GDP Total Savings i. iii. p) Assuming the U.S economy...
A: Considering a closed economy meaning economy is not open to foreign trade. Personal Disposable (net)...
Q: he table below shows the marginal benefit that Khaled earns from keeping his store open one nore hou...
A: (1) If marginal benefit > marginal cost, then increase the production till marginal benefit and m...
Q: Draw a map of indifference curves for a person in the following cases: She likes vegetables twice as...
A: Indifference curve shows the combination of two goods that give the consumers same utility or satisf...
Q: The ratio of the interest payment to the principal for a given unit of time and usually expressed as...
A: Simple interest => p*r*t/100
Q: is the source of the demand for loanable funds. As the interest rate falls, the quantity of loanable...
A: The graph shows market for loanable funds. Equilibrium in the loanable funds market is reached at th...
Q: In the production model developed and presented in classes, which of the following is NOT an exogeno...
A: An exogenous variable in an economic model is one whose value is determined outside of the model and...
Q: which to build a structure, which they will nee years hence. The current cost are: land, P1,000,000;...
A: Given, At Present Cost of, Land = P1,000,000 Building P3,500,000 Appreciation Rate Land = 20% per a...
Q: Identify several different types of financial institutions, and describe the main services these ins...
A: Answer:- Different types of the financial institution and main services of this institution offers a...
Q: John Mill suggests that governments should promote the development of virtues that tend to increase ...
A: John Mills beliefs has bene on the moral theory also referred to the utilitarianism and it is the ac...
Q: Which of the following is an example of pork barrel spending? Select the correct answer below: fundi...
A: As we know fiscal policy is used by government in which taxation and government spending are the two...
Q: how to calculate inflation rate of 10 consecutive years of a country with the gdp growth rate?
A: Inflation is the process through which the cost of goods and services rises over time, lowering the ...
Q: Another investment story: George inherited P500,000 from his grandparents when he was 5 years old. H...
A: From 5th year to 18th year, F = P (F/P,i,n) For 4 years of college education, A = P (A/P,i,n)
Q: Answer the following questions: Instructions: Enter your answers rounded to the nearest whole numb...
A: MPC, marginal propensity to consume is the proportion of change in income that is spent on consumpti...
Q: Direction: Explain the PEST ANALYSIS Political: Economic: Social: Technological:
A: PEST ANALYSIS: The full form of PEST is Political Economic Social and Technology. This is used to m...
Q: The price of petrol increases by 20% and remains at the new higher level. Which of the following sta...
A: Here, it is given that the price change by 20% will lead to provide a new higher level, which remain...
Q: In general, cultural diversity training should include four primary components. Which of the options...
A: Cultural Diversity training is a set of instructions for developing cultural competence and the capa...
Q: If the quantity demanded of peanuts increases by 20 percent when the price of peanuts falls by 50 pe...
A: Price elasticity of demand is defined as the percentage change in quantity demanded because of the p...
Q: At most airports, the potential for increased revenues is marginal. True False.
A: Answer-
Q: The price for a product is given by p= 50,000 -0.2x, where x is the number of units sold, so the rev...
A: Total revenue is the overall revenue earned with the total output sold.
Q: In the figure above, what is the total revenue at point A? A) $150 B) $20 C) $2000 D) $3,000
A: The measure that depicts the money that is being generated from normal operations of the business is...
Q: Data from the Bureau of Labor Statistics shows that U.S. income increased by 10% while consumer data...
A: Change in income=10% Change in quantity demanded=∆in quantity demandedInitial quantity demanded×100C...
Q: Refer to the accompanying table to answer the next four questions. Market for Public Transportation ...
A: Price ceiling sets the minimum price that is set by the government to control the prices. This is se...
Q: 16. If a firm increases both its plant and labor by the same pa the firm is experiencing A. decreasi...
A: Diseconomies of scale means that the cost curve is upward sloping as we changes the factors of pro...
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