What advantage does economics have over the other social sciences that study human behavior? What does it have in common with the other social science? Elaborate.

Q: ASAP. Use 2 decimal places for the final answer 5. If I loaned an amount of P50,000.00 with an…

A: The detailed answer is given below. Explanation:

Q: base year is 2020. GOOD QUANTITY (2020) PRICE (2020) QUANTITY (2021) PRICE (2021) RULER 1000 R3.00…

A: Nominal GDP refers to the value of goods taken at the current year's prices, which is achieved by…

Q: Evaluate a combined cycle power plant on the basis of the Present Worth Method (PW) when MARR is 12…

A: Investment Cost = 12,693 Salvage Value = 3,000 Annual Operating Cost = 1000 Overhaul Cost (end of…

Q: Question 1  Suppose that the demand for toy drums is described by the equation QD = 300 - 5p, and…

A: The equilibrium level could be achieve by equating demand and supply equations. When both the curve…

Q: Distinguish between Fisher’s quantity theory and Keynesian’s theory of money

A: The fundamental tenet of Fisher's quantity theory of money is that inflation is primarily caused by…

Q: In a particular market there are social costs that are greater than private costs What type of…

A: A plant can also face social costs. Social costs are those costs that society has to bear because of…

Q: Consider the mountain bike market, shown below. $, Price (bikes) $2,000 $1,750 $1,500 P* $1,250…

A: Equilibrium in the market occurs at the intersection of demand and supply curves where quantity…

Q: Consider a sample space S = {1, 2, 3, 4, 5, 6}. You define A as {1, 4, 6}, B as {1, 2, 4, 5}, C as…

A: Answer to the question is as follows:

Q: produce a discussion paper for a group exercise with other candidates which analyses the…

A: The cultural and regulatory diversity of international markets can present both challenges and…

Q: Briefly describe and explain how the Monetary Policy Committee (MPC) impact the inflation rate?

A: The basic goal of monetary policy is to stabilise the money supply across the economy and avoid…

Q: Consider an individual agent who maximizes S [₁³U(C..) [4] Ct+s max Et (1 where Ct+s denotes…

A: Given model is 2 period model U=maxEt ∑0s(u(Ct)+δsU(Ct+s)|it t--- current period Ct--- consumption…

Q: Scenario 14-2 Assume a certain firm is producing Q = 1,000 units of output. At Q = 1,000, the firms…

A: Profit is the difference between Total Revenue and Total cost. I.e. Profit = TR - TC Total cost =…

Q: *"Roshan Farhan, who grew up in Guwahati, saw first-hand how little people in small towns thought of…

A: Human resources ( in short HR) is the division inside a business that is liable for everything…

Q: PRODUCT PER WORKER SOUTH AFRICA NIGERIA TABLES 100 UNITS 40 UNITS CHAIRS 50 UNITS 10 UNITS…

A: Given, PRODUCT PER WORKER SOUTH AFRICA NIGERIA TABLES 100 UNITS 40 UNITS CHAIRS 50 UNITS 10…

Q: PProblem 3-Page (174): The following table gives you information on the total cost of Mac's ice…

A: Average total cost is alluded to as the entirety of all production costs divided by the total…

Q: show if completness imply transtive, and transitive imply completness prove

A: Completeness does not imply transitivity. Transitivity does not imply completeness.   Explanation:…

Q: A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to…

A: The total cost is the sum of the fixed and variable costs. The term "fixed cost" refers to the cost…

Q: Why do presidents typically reappoint Chairs of the Federal Reserve Board even when they were…

A: The Central Bank of America, which is the main organisation in charge of overseeing the Federal…

Q: Consider 2 people: Jonathon already purchased a non-refundable ticket to a tournament basketball…

A: There is very important role of the type of cost to make decision. There are various types of cost…

Q: Reconcile Smith's 'invisible hand' with his view of government. What is the relevance of his…

A: Smith's "invisible hand" is the idea that market forces will lead to the best possible outcomes for…

Q: Q2. You want to purchase a car that worth $22,678 by making a down payment of $2,678 and paying the…

A: Cost of Car = 22,678 Down payment = 2,678 n = 48 annual rate = 8.5 or 8.5/12 = 0.70833%

Q: Comparing your answers for change in capital stock from year 1 to 2 and from year 7 to 8 (Please See…

A: Steady state level is reached where per capita variables such as output per worker, capital per…

Q: Which of the following is a good or service counted in GDP?   Group of answer choices Tires Ford…

A: The entire value of the commodities and services that a country generates over the course of a year…

Q: QUESTION 3 28 24 20 16 12 8 4 0 P 04 8 12 16 20 3. The maximum that buyers are willing to pay for…

A: Given that,  there is a graph between price and quantity. and we have to find the maximum that…

Q: depreciation and life time of the equipment? Q. 3 An amount of 8000 $ is deposited into an account…

A: The term depreciation refers to an accounting method used to allocate the cost of a tangible or…

Q: suppose complete and transitive check whether and are transitive and reflexive

A: First, to check whether > is transitive, we need to see if, for any x, y, and z, if x > y and…

Q: →→ Calculate the sope of the tal Vod - je ods Vad 2 O Point of 1 Two of a Told cont

A: Total cost curve is upward sloping which means it is positively sloped. This is because as output…

Q: The Calculus of Equilibrium and Elasticities Suppose that the quantity supplied of TV stands is…

A: the elasticity of demand measures the quantitative relationship between the price and quantity…

Q: After specialization, suppose the two agree on a price of 7 units of good X for each unit of good Y.…

A: given that, After specilaziation, price: 7 units of good X for each unit of good Y exchange: 140…

Q: 2. What, if anything, do these institutions maximize? a) A consumer-owned, cooperative grocery store…

A: Optimal production or benefit levels achieved  are based on the purpose and type of institutions .…

Q: lunch and transportation 1) Suppose that your wage is $120 for every day you work. You also spend…

A: Opportunity cost can be defined as the potential benefits that is given up by an individual or a…

Q: A) True or false: The marginal utility of good 1, that is, MU1, must be diminishing in x1. B) True…

A: 1) Solution: True Explanation:  The marginal utilities of good 1 will be calculated as: MU1 = ΔU/…

Q: How do we define economic welfare ?

A: Economics is the investigation of how social orders utilize scare assets to deliver significant…

Q: a. What is the sample range? b. If you would like to construct a frequency distribution table with 6…

A: Sample range = maximum value - minimum value = 13.5 - 5.2 = 8.3

Q: What short-run effect might a decline in the demand for electronic components for automatic teller…

A: ATC refers to the cost that is used to produce a unit of good which is divided by the manufacture of…

Q: 28 24 20 16 12 8 4 0 P S1 D1 048 12 16 20 24 Q 14. If a $6.00 per unit tax is imposed on this…

A: When tax is imposed then the market price will be higher than the equilibrium price and this will…

Q: A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are…

A: Maximum Capacity = 2000 Total Variable Cost = 100,000,000  Total Fixed Cost = 35000000 Profit =…

Q: Explain how the “Positive (Analytical) Economics" apply to Settlers of Catan. Note: this could be…

A: Positive economics is the study of how the economy works and how people make decisions. It is based…

Q: 12. Which of the following statements is/are true? a) A change in supply of a good is the result of…

A:

Q: Use the graph below to answer the following question(s). Investment Goods 10- 298765 MNT B .D 0 1 2…

A: This is the PPC - production possibility curve which shows the two good's possible combination that…

Q: QUESTION 13 Which statement best describes the increases of real consumption of goods and services?…

A: Solution: option-d will be the correct answer Explanation: Option-d will be correct. In economics…

Q: What can a government do to promote economic growth? Use examples to illustrate your points

A: Gross domestic product (GDP), which is the total annual value of all goods and services generated in…

Q: You will deposit 11.922 at 10% compound interest for 6 years, and then move the amount you would…

A: Let's divide this question into two continuous plans 1st plan with a 10% compound interest rate, 2nd…

Q: Suppose a monopolist M sells two products, X and Y. • Demand for X is qX = 1000 − pX − 1/2pY •…

A: Information given in question states:- Demand for X is qX = 1000 − pX − 1/2pY Demand for Y is qY =…

Q: is cheap and requires fewer workers to run. Demonstrate the effect this equipment has on the and for…

A: Equilibrium in the labour market is where demand for labour and supply of labour are equal.  This…

Q: Profitability Index A project has an initial cost of $40,000, expected net cash inflows of $12,000…

A: Hence the answer

Q: Given the monthly payment as shown with interest as 1 % per month.  Month    1   100  2    110…

A: From Payment for the months 2,3 it is clear that interest rate is 10% per month, not 1%(there might…

Q: The research department of the Corn Flakes Corporation (CFC) estimated the demand of the corn flakes…

A: We are given the demand function as:  Qx =2.0 -4.0Px +3.0I +1.6Py -6.0Pm +2.0A   Qx =Sales of CFC…

Q: What is a likely outcome if multilateral trade and investment liberalization fails to progress?…

A: The multilateral trade and investment liberalisation is a process in which large number of countries…

Q: Consider the labour market for heath care workers, which is in equilibrium. Because of the aging…

A: The equilibrium is decided where the demand and supply of labor force is equal. Change in either…