Q: Consider a simple economy that produces two goods: pens and oranges. The following table shows the p...
A: nominal GDP = value of goods and services in a given year evaluated at the current year prices real ...
Q: what is the role of tarrifs in Japan?
A: Tariff is a form of tax which is imposed by the government on the products and services which are im...
Q: Why is saving important for economic growth and development
A: Meaning of Economics: The term economics refers to the situation under which there remain transact...
Q: 3. Standard of living of a country can be raised if it increases A. O Labour force B. O Production C...
A: "Correct answer is option B- production."
Q: Calculate marginal utility and marginal utility per dollar for the data provided in the table below:...
A: Price of wine =3 Price of cheese= 0.14 Budget= 9.69 Marginal Utility: Change in Total utility the co...
Q: In terms of the goals of macroeconomics, `stability" means O low inflation and low unemployment maxi...
A: Note:- “Since you have asked multiple question, we will solve the first question for you. If you wan...
Q: S. D. D.
A: Due to soaring pandemic demand, there is a sudden increase in demand at the current price level. As ...
Q: As polarization occurs in the U.S. job market (high skill/education positions pay quite well, while ...
A: I can give a term called Education economics which means is the study of economic issues related wit...
Q: Price (dollars per unit) Price (dollars per unit) Quantity (units per month) Quantity (units per mon...
A: A deadweight loss is a reduction in economic efficiency caused by supply and demand imbalances. In o...
Q: us imagine that there is a country which displays the following statistics. C (Consumption) is one-h...
A: GDP measures the market value of goods and services produced within an economy in a given period of ...
Q: The government Bets a minimum wage above the Current eajuilibrium wase level. (4) what effect does i...
A: Meaning of Consumer Surplus: The term consumer surplus refers to the situation under which the con...
Q: Problem Solving. Given the demand equation for chocolate bars Q = 1,600 – 30OP and the supply equati...
A: Introduction demand equation is: Q = 1600 - 300 P Supply equation is: Q = 1400 + 700 P a) demand and...
Q: In this market, the equilibrium hourly wage is $ and the equilibrium quantity of labor is thousand w...
A: Equilibrium wage and quantity is found where the demand and supply curves intersect. In the diagram,...
Q: 6. Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not ne...
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...
Q: 2. Show graphically that tax cuts are a lesS effective fiscal policy tool the greater the sensitivit...
A: In an economy, when investment is highly sensitive to the interest rate, it is the situation when ID...
Q: If the economy depicted in the graph is a self-regulating economy: Price Level LRAS SRAS (P) PE AD Q...
A: The measure that depicts the total value of goods and services being produced in an economy during a...
Q: 6. The Valve Corporation, a software entertainment company, recently ran a holiday sale on its popul...
A: Elasticity of demand depicts the responsiveness of the change in demand due to proportionate change ...
Q: 6. What is securitization and what is its impact on the banking industry?
A: Securitization is a process in which a compañy such as a bank or financial institution collects and ...
Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and margina...
A: (1) A perfectly competitive firm produces at P=MC in short run. The market price for apples is $26 ...
Q: About the measurement of the GDP O A The profits of a firm are higher than the value added of the fi...
A: Option A is false because Value-added includes profit so this is not true. Option C is also incorrec...
Q: Question: Find The Equilibrium Quantity And Equilibrium Price Commodity Whose Supply And Demand Func...
A: The supply function is the mathematical expression of the relationship between supply and the factor...
Q: Assume equations 1 and 2 below were estimated from the data gathered that will represent the demand ...
A: Introduction demand and supply function has given as Q dx = 65,000 - 11.25 Px + 15 Py - 3.75I + 7.5...
Q: Question: Riya is awake for 80 hours a week. She earns Rs. 100 for every hour that she works. Explai...
A: Percent change in hours of work is 24-10/10*100 = 140% Percent change in hours of work when wage cha...
Q: An annual fixed operating cost of P10,000,000 is incurred by a Medical Devices Manufacturing Company...
A: Given information, Annual Fixed operating cost: P10,000,000 Variable cost: P1,375 Selling price: P4...
Q: Labor Input to Produce Chairs and Tables Spain 1 Morocco 3 Chair Table 10 5
A: TRUE It can be concluded from the given schedule that Spain has a comparative advantage in the produ...
Q: definitely result in a higher equilibrium quantity in the market? A. demand increases and supply dec...
A: Option E Option B and D would lead to a higher equilibrium quantity. Rest will either decrease or ...
Q: in detail with no plagiarism
A: When the domestic price is higher than international price, the country will be net importer under ...
Q: 5. Consider the T-table of the Bank of Boston. Suppose the Federal Reserve Bank buys an additional $...
A: Given: Additional bonds=$ 2 million Required Reserve ratio=10%
Q: Which government policy measure would reduce the price of a product and increase the quantity traded...
A: d. The granting of subsidy Option "d" is correct. A subsidy is a government payment paid to individu...
Q: In 2013 the UK government introduced a Help to Buy scheme that was aimed at helping people to get on...
A: When compared to buying a property on the open market, Help to Buy makes climbing on the housing lad...
Q: . Consider the following sequential game. Player 1 A B Player 2 Player 1 a Player 2, (4) () i. Deter...
A: Given game is sequential game that means by observing the action of player 1 player 2 plays the stra...
Q: c. find the profit maximizing level of output for the firm (I've given the marginal cost curve below...
A: Answer to part c.
Q: B. Perfectly elastic demand; buyers pay an excise tax Demand: P = 12 Supply: P = 4 + ½Q Tax per unit...
A: If an excise tax of $4 is imposed the consumers will pay $4 more than the producers. So, Pb=Ps+4, w...
Q: An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hou...
A: Given, A consumer consumes 2,800 kW hours monthlyManufacturing load of the plant is 30 horsepowerAve...
Q: Homer spends much of his monthly income on home mortgage payments. The interest on his adjustable-ra...
A: "Correct answer is option (D)."
Q: DVH Technologies purchases several parts for the instruments it makes via a fixed-price contract of ...
A: fixed-price contract is AN agreement of a pre-determined worth of payment, that's not subject to cha...
Q: An investment of x pesos is made at the end of each year for three years, at an interest rate of 9% ...
A: The formula for Future Value: FV = Present Value(1 + r)n Where r is the rate of interestn is the tim...
Q: Consumption 45 line C3 CA 45 Income Refer to the above diagram. The MPC and APC are both constant as...
A: Answer -
Q: A company has the option of building a warehouse now or building in three years from now. The cost n...
A: Given: The cost of the building now is = $400,000 The cost 3 years from now will be = $500,000 The r...
Q: Suppose the demand for Apples is given by QA- 100 -4 PA and the current market price is 11. What is ...
A: At the price of 11 QA= 100-4×11=56 units
Q: You deposit P10 000 into a 9% account today . At the end of two years , you will deposit P30 000 . I...
A: Deposit today = 10000 Interest rate = 9 %
Q: . Use the market demand on #3 and identify the range of price that will give a/an A. elastic demand ...
A: Individual demand curve equation Qxd=65,000-11.25Px+15Py-3.75I+7.5A ... (1)
Q: Price (dollars per textbook) 90 80 70 60 50 2 3 4 5 6. Quantity (millions of textbooks per year) The...
A: Equilibrium is achieved at a point where demand curve intersects supply curve. When tax is imposed o...
Q: Wall's Pharmacy will have to sell a new product that has an estimated revenue of $4,800 per month an...
A:
Q: Oias tavorite Mexican snacks include flautas and sopapilas. f her $12 budget h represented in the fo...
A: Here, the given graph shows the budget constraint of Olivias with two goods, that are flautas and so...
Q: d e f
A: The demand curve shows the inverse relationship between two variables that are price and quantity de...
Q: 1. Explain when safety regulations can lead to an increase in efficiency. What market failures lead ...
A: 1. The government may enact laws and regulations prohibiting certain behaviours and actions in order...
Q: 3. Profits A. Are lower in the long run than in the short run Con be negative
A: To find : What is profit
Q: eBook A father is now planning a savings program to put his daughter through college. She is 13, pla...
A: Average rate of inflation is 5% annually. So if she enrolls in a 4 year program after 5 years, total...
Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If...
A: Given that, Initial MAC =8-ENew MAC =4 - 0.5EInitial tax =$1New tax =$2
We can conclude that Spain has a
Explain your Answer
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Please help solve fill in the blanks of the graphCalculate the size of the workforce needed for the companyto meet average weekly demand.The amount of fish caught per week on a trawler is a function of the crew size assigned to operate the boat. The following table shows the total and marginal products of labor for a trawler. Crew Size (L) (No. of Workers) Amount of Fish Caught per Week ( Q) (Hundreds of Lbs) Marginal Product ( MPL) (Hundreds of Lbs) 5 15 10 30 15 55 25 80 25 95 15 105 10 110 5 10 110 11 105 -5 12 95 -10 Suppose the owner of the trawler can sell all the fish caught for $75 per 100 pounds and can hire as many crew members as desired by paying them $1,125 per week. Assuming that the owner of the trawler is interested in maximizing profits, what is the optimal crew size? workers |2 3 4 5 67 8 9을
- Briefly defineSubmit Estella decides to set up a lemonade stand on a hot summer day. Before long, Estella's friends all decide they would like to help. The table below shows what happens to the number of glasses of lemonade Estella and her friends can make in an hour. Instructions: Round your answers to 1 decimal places. If you are entering a negative number include a minus sign. Lemonade Stand's Labor and Production Levels Labor (workers) Total Average Product Marginal Product Product 1 (Estella) 13 22 es 3 27 4 28 24 a. Complete the average product and marginal product columns in the table above. b. How many additional glasses of lemonade can Estella produce if she has one friend help her make lemonade instead of making lemonade by herself? glasses c. How many additional glasses of lemonade can Estella produce if she has four friends help her rather than having three friends help her? glasses d. If Estella has four friends help her, on average how many glasses of lemonade can her and her friends…A measure calculated by taking the ratio of output to input.
- Can you please help solve question 9 d and e please show full working so I can compare it to my own work Thank youCan you show the written out work for this problem pleaseComplete the table below: Output TotalCost(RM) Totalvariablecost(RM) Totalfixedcost(RM)Averagefixedcost(RM)Averagetotalcost(RM)Marginalcost (RM) 0 505 16010 20020 25036 33058 40072 48088 580106 700130 820150 980
- workers ouput marginal product total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 can you explain diminishing marginal product based on these numbers?Labor (L) Quantity of Output (Q) Average Product of Labor (APL) Capital (K) Marginal Product of Labor (MPL) 10 1 10 50 ? 2 10 70 ? 3 10 70 4 10 240 ?Typed plz Please give me guality solution Asap plz