Find the value of Y. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $1,000| $1,000 $5,000 8000 11300 10 $4,000|*** ** 25 40 Y 55 15050 19700 70 $1000 $2000 $4000 $7000

Q: 1. The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., make...

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: 20 (in tons) 18 20 (in tons) 18+ 16 16 14 14 12 12 10- 10 2. +++ 2468 10 12 14 16 18 20 Psh (te ) 24...

A: Production possibility frontier shows different combinations of two goods that can be produced by an...

Q: If two goods were perfect substitutes of each other, it necessarily follows that

A: To find : what happens when two goods are perfect substitutes. 

Q: If money demand becomes less sensitive to interest rate changes, the LM curve will     shift to th...

A: Money demand is equal to  L = kY - hi where, L is money demand k measures the responsiveness of mone...

Q: Which of the following statements is false?

A: given the following statements is false is  

Q: The unemployment rate in the United States tends to be… A. Acyclical B. Countercyclical C. Procyclic...

A: The unemployment rate is the ratio of the total number of unemployed people to the labor force. The ...

Q: Which of the following can be a binomial random variable (select all that apply)? Number of heads in...

A: A binomial random variable counts how often a particular outcome occurs when there are a fixed numbe...

Q: What is the weighting problem? O The problem affecting CPI calculation since everyone buys different...

A:   In CPI the government decides the weightage to be given to each set of goods and services, decidin...

Q: Problem 7 Suppose that you collect the following data on the quantity and price of ice cream, the in...

A: Please find the answer below.

Q: 3. Consider the utility function given by u (x1, x2) x1x2, and budget constraint given by P1x1 + P22...

A: As you have posted multi-subparts question, as per answering guidelines we are supposed to solve onl...

Q: 13. Mr. John dela Cruz borrowed money from a bank. He receives from the bank P1,340.00 and promised ...

A: Given: The principle amount is = P1,340 The future value is = P1,500 Time period = 9 months To Find:...

Q: Which of the following statements is true?   Question 30 options:   a)  A bank’s balance sheet sh...

A: A bank is an entity that acts as the financial intermediatary to provide loans to the investors and ...

Q: 4. Consider the general multiplicatively separable utility function given by u (x1,x2) = pu1 (x1) u2...

A: Given Utility function U=μX1X2Budget consraint=P1X1+P2X2=WW= income of the consumerP1= price of good...

Q: The unemployment rates in the US, Germany, Italy and France have been closely aligned over the last ...

A: European law tends to include more labour protections, making it more difficult for businesses to fi...

Q: Describe three problems that make the consumer price index an imperfect measure of the cost of livin...

A:

Q: Suppose a new artificial intelligence (Al) technology is invented that can be used in production pro...

A: A new AI technology is invented that can be used in the production process leads to an increase in t...

Q: If the inflation rate is 3% per year, how many years will it take for the cost of an item to double,...

A: Given:Inflation Rate=3% per year

Q: How as the political system of the following countries impact their international trade. a. USA ...

A: One of the external environmental elements that affects international commerce is the political clim...

Q: If the pension benefits for a person is determined by the contributions into the plan and their earn...

A: Answer:- (a) Defined contribution plan.

Q: Assuming that Old Navy jeans and Gap jeans are suitable substitutes, what would happen tö the demanu...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: According to Keynes’ Law... A) The total demand for products determine the level of gross domestic ...

A: According to Keynes’ Law.. The correct option is: option (A) The total demand for products determine...

Q: Quantity of Nominal interest rate money demanded Quantity of money supplied (percent per year) (tril...

A: The equilibrium nominal interest rate could be defined with the intersection between the demand and ...

Q: A firm operating in monopolistic competition is maximizing its profit and earning negative economic ...

A: In monopolistic competition, there are many sellers with some market power. Marginal revenue lies be...

Q: Millie is looking at the sales forecast for the sales of classic waffles. She has given you some cos...

A: First of all, we should know the basic terms which are given in the question-: fixed cost= This amo...

Q: How economic loss change price and quantity?

A:

Q: According to current research, which of the following can rationalize the increase in female labor f...

A: From past few decades, it can be seen that women participation in the labor force has increased espe...

Q: List and discuss at least three significant contributions a government can make toward a country's e...

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With t...

Q: 15. In the long run, any firm will eventually leave the industry if А. Price does not at least cover...

A: Correct option - A.

Q: Find the value of X. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000| $1,000 $1,00...

A: Total cost is the sum of fixed cost and variable cost 

Q: 4. If a refrigerator is offered for sale at the amount of P 18,000.00 payable after 1 year. If you w...

A: Given information, Future value: P 18,000.00 Interest rate: 8% Time period: 1 year To find: Presen...

Q: Q)If you know that the market of banana is in equilibrium, and if you know that the media encourages...

A: The markets are the place where the buyers, and the sellers of various goods and services tend to me...

Q: If C=0.8Y, I-bar=260, G-bar=200, TR-bar=150, T=0.2Y, X-bar=320 and M=0.1Y, the equilibrium level of ...

A: Aggregate expenditure function AE = C + I + G + X -M => AE = 0.8Yd + 260 + 200 + 320 - 0.1Y =>...

Q: Microeconomic Question QUESTION ONE Using appropriate diagram, illustrate the short run and long r...

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

Q: An economist estimated the cross-price elasticity for peanut butter and jelly to be 1.5 . Based on t...

A: Given Cross price elasticity for peanut butter and jelly is 1.5

Q: You are given the following information about an economy: ...

A: GNP at market price = (GDP at market price - Income Payments to Foreigners + Factor Payments from Ab...

Q: The income elasticity of Abigail’s demand for CDs is 0.75. For Abigail Cds are a normal good or an i...

A: In economics, income elasticity of demand is used to explore the sensitivity of the consumer's deman...

Q: 1. What is a monopoly? What are anti-trust laws? How da these relate to the Epic Games vs. Apple law...

A: 1) Monopoly is defined as the single ruler, where there is a high barriers to entry and there is a l...

Q: In order to reduce the ___________  problem in loan markets, bankers collect information  from prosp...

A: When there is imperfection information between two parties, it leads to market failures. The two pro...

Q: Because of automatic stabilisers, the government budget will tend toward deficit during a...

A: Automatic stabilizers are a type of fiscal policy used by the government to stabilize the economic c...

Q: Illustrate and briefly explain the relationship between Marginal Cost and Average Cost Curves.

A: To find : Relation between marginal and average cost curve. 

Q: Imagine you are the mayor of a town and you are trying to decide if you should pay for a fireworks s...

A: Answer:- (d) The town's citizens were free-riders.

Q: The maintenance cost for a car this year is expected to be $500. The cost will increase $50 each yea...

A: Note:- Since we can only answer one question at a time, we'll answer first one. Please repost the qu...

Q: Assume the wages of carpenters increases. Describe what will happen to the supply of houses

A: Supply of a good shows direct relationship between price and quantity supplied.

Q: Assume i=0%, beta=1. Consumer has income of 80 in year 1, 100 in year 2.  Now suppose gov't gives c...

A: Given information beta=1  i=0% Income in period 1=80 Income in period 2=100 Government gives free ch...

Q: The X-Corporation produces a good (called X) that is a normal good. Its competitor, Y-Corp., makes a...

A: "Since you have asked a question with multiple sub-parts, we will solve first three sub-parts for yo...

Q: The following graph shows the market for pianos in 2009. Between 2009 and 2010, the equilibrium quan...

A:

Q: Why is it helpful to track your spending for 2 months? a. You can receive higher interest rates for ...

A: As an individual who make expenditure on different goods and services according to his interest, nee...

Q: If you invest $2000 at 12% annual interest rate, compounded weekly, how much would you have after 5 ...

A: Given, P = Principal Amount = $2000 r = Interest Rate = 12% = 0.12 t = Time = 5 years Compounded Per...

Q: following table, select the amount of each good that each country exports and imports in the boxes a...

A: A country has a comparative advantage in manufacturing that good if the opportunity cost of manufact...

Q: QUESTION 11 Which of the following statements is false? OA A change in the supply of an item will ca...

A: The curve that depicts various quantities of goods and services being supplied at various levels of ...