Q: At the international Bretton-Woods Conference that designed the International Monetary Fund,…
A: The Bretton Woods system of 1944 marked the establishment of a new global monetary system. It…
Q: What is the difference between economic profit and accounting profit?
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: E3
A: Governing authorities in many economies play an essential role in the development process, which…
Q: For the following questions, consider the figure below. Initially, the economy is at the equilibrium…
A: The equilibrium wage rate is determined where the demand and supply for labor are equal.
Q: A company has approved a car plan for its six senior officers in which the company will shoulder 25%…
A: Particular Amount Cost 350000 Company Pay 25% Interest rate 1.50% n 48
Q: when the federal reserve increases the reserve requirement, When the Federal Reserve increases the…
A: Federal Reserve The Federal Reserve System is the name of the American central bank. It is possibly…
Q: CHOOSE THE CORRECT ANSWER, NO FURTHER EXPLANATION IS NEEDED Freeconomics refers to: A) The fact…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the…
A: As a negative effect of COVID -19 economies have taken a hit on consumer sentiment which directly…
Q: The number of repairs produced by a computer repair shop depends on the number of workers as…
A: It is question with multiple sub-parts, hence we will solve first three sub parts for you. If you…
Q: The table shows the demand and supply schedules for hamburgers. What is the equilibrium price, and…
A: The market is in equilibrium where the quantity demanded equals the quantity supplied. The…
Q: Years Retained AW of First Cost, $ AW of Operating Cost, $ AW of Salvage Value, $ 1 -132,000…
A:
Q: Briefly discuss some ways the government could ensure a market with a positive externality could…
A: The positive externality happens when due to the trade between two parties - buyers and the sellers,…
Q: A man borrowed P10,000 from a loan firm at a simple interest of 15%. If the interest is to be…
A: The formula for Simple Interest is S.I = P x r x t where P is the amount of loan r is the interest…
Q: A steelmaking plant pollutes the air and water so ... O A. the marginal private cost of producing…
A: Answer to the question is as follows:
Q: The demand curve and supply curve for one-year discount bonds were estimated using the following…
A:
Q: Use the money market diagram and the IS-LM-FX model to show graphically th decrease in money demand…
A: IS-LM-FX model is a short run model for an open economy consisting of , money market , goods market…
Q: Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any…
A: GDP measures the total monetary worth of all recently created final products and services generated…
Q: Consider an EOY geometric sequence of cash flows in which the first payment made was P2,000. This is…
A: Given First year-end payment of the geometric sequence (F1) = P2,000 Length of time interval (n)=5…
Q: Which statement is CORRECT? O The Bureau of Labor Statistics measures the size of the US labor force…
A: Unemployment is a state of being unemployed, the number of people or individuals who are available…
Q: Expansionary monetary policy is when: None of the statements are correct. The president and congress…
A: Monetary policy refers to the policy of central bank that changes the cost and availability of…
Q: Practice with money multipliers. Think of the “money supply” (MS) as equal to either M1 or M2. a.…
A: Reserve requirement refers to the minimum percentage of reserves that banks are required to hold…
Q: In short-run production with two inputs where land is a fixed input labor is a variable input, once…
A: Marginal product of labor (MPL) is defined as the change in the product of labors by employing one…
Q: Leisure Enterprise's total cost of producing speedboats is given by TC = 10Q3 - 4Q2 + 25 Q +500 (MC…
A: The difference in total production costs caused by creating or producing one extra unit is known as…
Q: Consider the following oligopolistic market. In the first stage, Firm 1 chooses quantity q₁. Firms 2…
A: Given information There are 3 firms Demand function P=100-Q Q=q1+q2+q3 C1=5q1 C2=4q2 C3=4q3
Q: Tax expenditures are: O a. expenditures made to collect taxes. b. losses in revenue due to tax…
A: Inflation has a profound affect on the economy, it reduces purchasing power of the consumer, affects…
Q: T5
A: Oligopoly is a market with limited competition and is shared by only a few sellers or producers.…
Q: The act of AZ legislators convincing FL legislators to support (help pay for) the Central Arizona…
A: In this model, constituents choose their agents as delegates for their supporters. These delegates…
Q: OC. the buyer and the seller split the tax evenly. O D. it is impossible to say how the tax is split…
A: Demand And Supply Demand refers to the quantities of a commodity that the consumers are ready to…
Q: YOUR QUESTION IS: 2. Three mutually exclusive design alternatives are being considered. The…
A: GIVEN Three mutually exclusive design alternatives are being considered. The estimated sales and…
Q: Consider the market for cheese. Determine whether the following scenarios lead to a shift of the sup…
A: The supply curve depicts the quantity supplied of a good or service at each price level, keeping…
Q: nn leases a farmer's field and grows melons. She hires students to pick and ack the melons. The…
A: The average product of labour is found by dividing the total product of labour (TPL) by the amount…
Q: which of the following questions is not a microeconomic question? oa. why is wealth unequally…
A:
Q: my brother and I go out to dinner. There are two items on the menu – hamburgers ($7.5) and steak…
A: Nash equilibrium is such an outcome in which neither of the players have any incentive to change…
Q: The graph shows the market for lattes in which the government has imposed a tax of $6 per latte.…
A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…
Q: 5 examples each from daily life of Riba al-Fadl Riba-al-Nasia, Minor Gharrar, Excessive Gharrar
A: An element of risk, uncertainty, danger, or lack of transparency (asymmetric knowledge) is known as…
Q: What is the relationship between an indifference curve and budget constraint?
A: Indifference curve: An indifference curve illustrates the various combinations of two commodities…
Q: The COVID-19 pandemic has caused an unprecedented increase in savings in many countries around the…
A: As a negative effect of COVID -19 economies have taken a hit on consumer sentiment which directly…
Q: The graph shows the market for luxury boats before and after the 20 percent tax is put on luxury…
A: Since you have specifically asked we are providing only the solution for last two parts of the…
Q: The following sample observations were randomly selected. (Round intermediate calculations and final…
A: Given y X 4 5 6 5 5 3 7 6 2 7 We have to find the regression equation y=β0+β1x
Q: When the price of milk is $4.00 per gallon, the U.S. consumes approximately 430,000 gallons of milk…
A: Elasticity of demand is defined as type responsiveness of the quantity demand when price of the…
Q: The graph shows the market for walnuts. The government introduces a production quota of 4 billion…
A:
Q: Please tell if the following increases or decreases AS. Give an explanation for each answer 4. Raw…
A: Aggregate supply (AS) is the total quantity of goods and services firms will produce and sell at…
Q: Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any…
A: National income implies the worth of labour and products created by a country during a monetary…
Q: subject to the budget constraint 5L + 10K = 75; where L is labour and K is capital. Derive the…
A: The production function shows the relationship between the output and inputs. The equilibrium is…
Q: 4.4. The following figure shows a global greenhouse gas abatement curve, defined as the abatement in…
A: The width of each bin in the given figure represent the abatement potential of that measure being…
Q: T5
A: Year 2 GDP deflator = Year 2 Nominal GDP / Year 2 Nominal GDP * 100
Q: The inverse demand curve a monopoly faces is p=120−Q. The firm's cost curve is…
A: Given information: p = 120-Q ----------> demand equation C = 20 + 5Q -----------> cost…
Q: Consider the following oligopolistic market. In the first stage, Firm 1 chooses quantity q₁. Firms 2…
A:
Q: Economist are assumed to behave rational not functiona
A: Since economists are unable to take into consideration every aspect that can affect a decision,…
Q: Question 4 Figure: The Market for Hybrid Cars Price
A: The market equilibrium is set up where the demand and supply forces are equal. The Price ceiling is…
how do you find total fixed cost?
Step by step
Solved in 2 steps
how do you know the total variable is 50 when finding the total fixed cost?
- 13. A layperson says that a proposed government project simplycosts too much and therefore shouldn’t be undertaken.How might an economist’s evaluation be different?14. Economists say that individuals make decisions at themargin. What does this mean?15. How would an economist define the efficient amount oftime spent playing tennis?16. Ivan stops studying before the point at which his marginalbenefits of studying equal his marginal costs. Is IvanUse this table to answer the next question. Anne and Charity are both engineers who can create roads or tunnels each year. The roads and tunnels they create are of equal, standard quality. The following table describes their maximum outputs per year. Roads Tunnels 10 2 Anne 4 Charity 8 What could Anne build with the time and other resources it takes her to build one tunnel? 1/2 road 5 tunnels 2/5 road 1/5 tunnel. 2 roadsMeat (pounds) 120 A C 90 D 60 B 30 Vegetables (pounds) 20 40 60 80 100 120 140 160 The efficient points are: A, B, and D O C only A and D A, C, and D
- 10. Sunk costs and decision making Carlos has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Deborah, vwhom Carlos has wanted to date for a long time, asks him to a party. Carlos vwould prefer to go to the party with Deborah and forgo the opera, but he doesn't want to waste the $100 he spent on the opera ticket. From the perspective of an economist, if Carlos decides to go to the party with Deborah, what has he just done? Made a choice that was not optimal Incorrectly allowed a sunk cost to influence his decision O Correctly ignored a sunk costToyota has started a major expansion of a Texas factory. It has already spent $11 million and has finished one building. It can finish the interior for an additional $6 million. The highest price it can get for the current unfinished building is $7 million. If Toyota’s estimated benefits of the building with the finished interior are $15 million, what should it do? . a Complete the interior. The benefits of the finished building are greater than the $6 million costs of the building. b Complete the interior. The benefits of the finished building are greater than the $7 million costs of the building. c Complete the interior. The benefits of the finished building are greater than the $13 million costs of the building. d Sell the building. The benefits of the finished building are less than the $17 million costs of the building. e Sell the building. The benefits of the finished building are less than the $24 million costs of the building.Please give detailed instructions on how to graph electronically using MS ppt, excel, google slides, google sheets. You may choose one from the softwares. There are six (6) graphs that you will teach me how to graph electronically 1. How to plot Production Possibilities Curve with feasible set in MICROSOFT Powerpoint ot Excel? Alternative Food Clothing (x) (y) A 0 15 B 1 14 C 2 12 D 3 9 E 4 5 F 5 0 Instructions for tutor: please share a google sheets or slides link here so i can view the graph; don't just share picture in jpg format because I dont need it. We have a reference book and I can see the jpg picture of the graph there. i know how to plot manually using graphing paper, i want to learn how to plot electronically. Please see attached photo for the feasible set. Please include it in the graph. Search on Google on how to do feasible set electronically
- The Boswell Fruit Farm produces only oranges and papaya. Table 1 below shows the maximum possible output combinations of the two fruits using all resources and currently available technology. Answer the questions below and show calculations where appropriate. Table 1 Boswell Fruit Farm Possible Output Combinations Oranges Papayas (thousands of kilos) (thousands of kilos) A 140 0 B 120 20 C 100 38 D 80 52 E 60 64 F 40 74 G 20 80 H 0 82 Which of the possible output combinations represent the lowest opportunity cost for one thousand kilo of papayas? Show your calculation to support your answer.Emmanuel likes gardening. He grows zucchini that he sells at the local farmers' market. The table below describes the benefits and costs Emmanuel faces as he decides how many hours to dedicate to his garden each week. Emmanuel's Gardening Benefits and Costs Hours Total Benefit Spent Gardening (dollars) 1 $27 2 3 4 5 6 7 51 72 90 105 117 126 Marginal Benefit (dollars) Total Cost (dollars) $9 21 36 54 75 99 126 Marginal Cost (dollars) $ MO Instructions: Enter your answers as a whole number. Complete the "Marginal Benefit" and "Marginal Cost" columns in the table above. D 136 Does Elon Musk suffer from scarcity? Explain.
- 100 90 DRYERS 80 70 50 40 30 20 10 B a. C, D, and A b. B O C. C, D d. C, D, and B D 10 20 30 40 50 60 70 80 90 100 WASHERS A Refer to Figure 2-3. Efficient production is represented by which point(s)?E3 From The Book Advanced Microeconomic Theory, Jehle And Reny, Chapter 6. 6.164:12 PMG b + .…. 0.62K/s 0a .ll 32% K 4_5915643745964919843.docx X : 1. Define the Following A. Economics B. Factors of Production C. Scarcity D.Opportunity Cost E. Law of Demand. E. Production Possibilities Curve G. Law of Supply H. Three basic questions all economic systems must answer 2. Let the following table represents the total utility of a given consumer, in the car dinal utility approach. 1 2 3 4 5 6 7 TUX TU 8 14 18 20 20 18 16 6. 10 13 15 16 16 14 MUX MUY MUX/Px MUy/Py A) Calculate the MUx and MUy and fill the table in the 4th and 5th rows. B) If the two products (X&Y) are free goods how many of X and Y should the con sumer take to maximize utility? C) What is the maximum utility of X and Y if they are free? D) Let now price of X is 4 bir per unit and price of Y is 2 bir per unit. Calculate M Ux/Px and MUy/Py and fill the 6th and 7th row. E) Assuming the consumer has any amount of money (enough budget) how man y of X and Y should the consumer buy, to maximize utility? F)…