Q: In the hypothetical economy, the AD curve and SAS curve are given by the following equations: AD: Y=...
A: Given Functions Aggregate demand function Y=560-20P+3G Aggregate supply function Y=8+5P-3P(oil)
Q: Short-run and long-run effects of a shift in demand Suppose that the tuna industry is in long-run eq...
A: Part 1) Beacause of Surgeon General's report consumers demand less tuna at all price. The report ter...
Q: 2. Explain how each of the following situations would affect a nation's production possibilities cur...
A: "As per the guidelines answer is provided to the first three sub-parts." "Production possibilities c...
Q: Question 4 Suppose that the market for gasoline is a perfectly competitive market. All gas station o...
A: In perfectly competitive market, price is constant so it is horizontal and equal to Marginal revenue...
Q: Consider a simple economy whose only industry is fishing. In this industry, productivity-the amount ...
A: Here is the solution,
Q: Suppose that in Japan, without a tariff 10,000 cars will be sold per year at an equilibrium price of...
A: Given: Without tariff: 10,000 cars will be sold per year at an equilibrium price of $20,000 With tar...
Q: A chemical plant worth P 110M has an estimated life of 6 years and a projected scrap value of P 10M....
A: Given; Worth of chemical plant= P110M Estimated life= 6years Scrap value = P10M Cost of new plant= P...
Q: In an economy with no government and no trade, autonomous consumption is £200 and planned investment...
A: Autonomous consumption = £200 Planned investment spending = £100 MPC= 0.7
Q: In many countries, income earned from financial investments is taxed at a higher rate than income ea...
A: The answer and correct explanation for the given question is as follows:-
Q: (a) Discuss with relevant examples five (5) factors each that might shape a company’s emphasis on t...
A: A decent corporate purpose statement should be one to three sentences long and no more than 100 word...
Q: .At a certain interest rate compounded annually, P100,000 will become P450,000 in 15 years. What is ...
A: We have given that Present value P =100,000 Value after 15 years =P450,000 We have to find value at...
Q: 4. (Table) Based on the table, what price does J Output Marginal Cost Total Revenue 1,200 1,300 1,40...
A: Total Revenue = Price * Output => Price = Total Revenue / Output From the given table information...
Q: What is the effect of an ad valorem tax of v (the share of the price that goes to the government) on...
A: A fully competitive corporation just has to make one fundamental decision that is how much to produc...
Q: A certain quantity Q has initial value 5 and decays by 2% each day. Give an exponential function tha...
A: The correct answer is given in the second step.
Q: The game Friend or Foe (Friend or Foe) was broadcast on North American TV for two seasons between 20...
A: Fund Accumulated = 16,400 There are two players : Player 1 & 2 Strategy Set of player 1 = Stra...
Q: 2. You will keep $1,000 in savings for one year. What is the EAR of each of the following saving acc...
A:
Q: Consider a game between 2 payers (Ann and Bill) where each chooses between 3 actions (Up, Middle and...
A: Players 1: Ann Player 2: Bill
Q: An economic policy of exporting raw materials and importing manufactured goods a. develops the econ...
A: Ab economy can make imports or exports of any commodity based on its requirements to get products at...
Q: Which of the following statements about the economy's aggregate demand curve is not correct? Questi...
A: Aggregate demand shows the relationship between price level and real GDP. It is downward sloping.
Q: What is the time when the price discrimination is profitable?
A: Answer: It's possible that a monopolist will be able to discriminate. Let's see if bias pays off in ...
Q: Which of the following sources of low costs is most popular? Group of answer choices Economies of...
A: Cost is minimized when large output can be produced with limited resources and available technology....
Q: 6. If the ncminal interest rate is 3%, how much is $5000 worth in 10 years in a continuously compoun...
A: Future value = present value *e(i*t) =5000*2.7183(0.03*10) =5000*2.7183(0.3) =5000*1.3499 =6749.5
Q: 3. The nation of Routarou is able to produce turnips and potatoes in combinations represented by the...
A:
Q: At age 30 you invest P5,500 into a mutual fund. If the fund averages an 7% annual return, your inves...
A: Investing at the age of 30 till 55 age then total number year is 25 years and it will earn 7% Intere...
Q: An advertisement of an investment firm states that if you invest ₱500 in their firm today you will g...
A: The investment curve refers to the indirect relationship between interest rate and investment. The r...
Q: Suppose Sarah's pottery studio is currently charging the market price that is just higher than her m...
A: The firm maximizes profit by producing at a level where marginal revenue equals marginal cost.
Q: For the cash flows shown, use an annual worth comparison and a MARR of 10% per year to determine the...
A: AW method:When comparing alternatives, the AW method is commonly used.AW means that all incomes and ...
Q: The economic model of Human Capital Investment assumes that individuals choose their path through po...
A: The human capital theory posits that people can build their useful limits through more prominent ins...
Q: Mavi and Diesel both make basic blue jeans. The demand curves for the two firms are given by Qm=135...
A: Marginal cost is the ratio of change in total cost to the change in output. The marginal cost is the...
Q: Scenario 2: An investment tax credit effectively lowers the tax bill of any firm that purchases new ...
A: The repeal of the investment tax credit will reduce corporate investment, causing demand for loanabl...
Q: Jim's retirement account in a company currently totals $416,384. What perpetual income can Tom and h...
A: To begin receiving income as soon as a policy has been established, the annuity contract is called a...
Q: What challenges faced by the financial services commission of Jamaica
A: Jamaican financial services commission faced a huge financial crisis.The main cause of the Jamaican ...
Q: An example of a fixed cost is O a property tax O the cost of labor O the cost of materials O the cos...
A: The expenses that are being incurred for carrying out day-to-day business transactions are known as ...
Q: firm’s product b. Determine the profit-maximizing level of production and price. Quantity: ? Pric...
A: As subparts are more than 3, First 3 subparts are answered.
Q: When Vladimir sells bonds and gets money, his liquidity O A. and interest do not change. O B. increa...
A: Open market operations help the government regulate the money supply in the economy.
Q: 70 Supply 60 50 40 30 20 10 Demand 1000 2000 3000 4000 5000 6000 7000 8000 Quantity (number of hours...
A: We know that In free market equilibrium, the economic surplus is equal to consumer plus producer sur...
Q: A contractor must choose between buying or renting a crane for the duration of a 5 year construction...
A: Given:- MARR=8% or 0.08 Crane cost=$520,000 Maintenance cost=$210,000 Crane renting=$310000 Please f...
Q: . For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following ...
A: Average Fixed Cost = Total Fixed Cost/Output Total fixed cost = 100 AFC = 100/Q
Q: The demand curve facing a competitive firm The following graph shows the daily market for extra-lar...
A: Equilibrium price is at the intersection of demand and supply curves. Equilibrium price is the marke...
Q: A reputable doctor quits his job, which pays $77,000 a year, to open a non-governmental organization...
A: Opportunity cost is also called implicit cost. It is the cost of the incurred due to the foregone be...
Q: loan wants to buy land to expand her farm. She estimates one property would generate $780 ber acre i...
A: The land will be bought after the coat benefit analysis . Cost and benefit analysis plays very impor...
Q: such that 8,000 cars are produced at $22,500 per car. 1. Use a supply and demand diagram to graphi...
A:
Q: Given the demand and supply equations : P + 1/2QD = 10 3P - Qs = 17 a) Find the equilibrium p...
A: As given Demand function is P = 10 - 0.5Qd and supply function is 3P - Qs = 17 》 P = (17+Qs)/3
Q: QUESTION 2 A firm is considering changing its plant size. It calculates the amount of output it woul...
A: Answer: Diseconomies of scale: diseconomies of scale occur when due to an increase in the quantity p...
Q: Explain how monopolies employ average cost pricing
A: Monopolies have one seller and a large number of buyers. There are no close substitutes. Under monop...
Q: The price and quantity data for Year 1 and Year 2 are as follows: Bread Butter Year 1 Quantity 50 10...
A: Real GDP = when the good of a year evaluated at base year prices.
Q: Suppose that you have a job paying $50,000 per year. With a 5% probability, next year your wage will...
A: Given The income per year =$50,000 There is a 5% chance that the next year the wage is reduced to $...
Q: Julia and Julia is a small, owner-operated bakery. The owner of Julia & Julia is considering two alt...
A: Given: Owner's utility function:U(Z)=Z
Q: The economy is currently at the potential level of GDP when the Bank of Canada announces that they w...
A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts f...
Q: An inventor found a new way to produce more steel from each ton of her country’s iron ikr. How would...
A:
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- What is the role of a citizen in contributing towards sustainable developmentgoals especially Sustainable Development Goals in Quality Education?What are the differences between less and more economically developed countries in relation to legislation on sustainability?Why overpopulation and unemployment affect development of a country?
- Is nanotechnology only for the rich? Can we use or produce nanotechnology in a developing country?What responsibility do the most developed countries have, the world leaders have, to assisting some of these less-developed countries?How can a decline of natural resources and biodiversity affects a country's Gross National Product and Gross Domestic Product?