. Describe the sociological approach to entrepreneurship. How can this approach be used to promote more entrepreneurship within the economy?

Q: Refer to the diagram below. If price falls from $10 to $2, total revenue: $10 2 Demand 0 5 Quantity…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level

Q: Market price before tax was $1. After the tax, the price paid by buyers rose to $1.20 and the price…

A: Elasticity = % Change in Q / % Change in P

Q: In 1996 dairy farmers, hurt by a decade of low milk prices, began reducing their herds. Subsequently…

A: If the cost of producing increases proportionally more than the increase in revenue, then the…

Q: Investor Matt has $643,000 to invest in bonds. Bond A yields an average of 6% and the bond B yields…

A: In the mention question we have to calculate he maximum return within one year.

Q: Consider production possibilities of goods and services in China, Since 1980, the population of…

A: Given that the population of China has increased from 1 billion to more than 1.4 billion. And there…

Q: Q4. (a) Suppose a decrease in price from $100 to $5 causes an increase in Q from 1008 to 120.…

A: Given  At price P1 = 10α quantity demanded Q1= 100β At price P2 =$5, quantity demanded Q2 =120 We…

Q: Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that…

A: Marginal Revenue refers to the revenue that a firm or seller receives in the sale of an additional…

Q: In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium?

A: In the given scenario, there is a two sub-perfect nash equilibrium. i. Up, Up This is because if…

Q: If I have a simple discount note for 75 days (ordinary interest), a discount of $150, and have…

A: Discount note for 75 days Discount of $150  Proceeds of $11,850 --------------------------

Q: Which of the following is NOT true about poverty? O 1. According to the UN, the line of poverty is…

A: Statement 1 is correct- It is the universal yardstick by which world poverty is measured. This line…

Q: A6 A marginal abatement cost that shows a factory's pollution is represented by MAC= 360 - 5E with…

A: The Marginal abatement cost refers to the change in the total cost when one additional unit of the…

Q: feedback and control system Explain how the economic concept known as "supply of law and demand"…

A: According to the law of supply," other things being constant there is a direct relationship between…

Q: First cost, $ Annual operating cost, $ per year Life, years Salvage value, $ Machine R -250,000…

A: Annual Worth (AW) Analysis is defined as the equivalent uniform annual worth of all estimated…

Q: During the Great Recession of 2008, many workers became discouraged and dropped out of the labor…

A: Labor force is a sum of people unemployed and people employed.

Q: beginning of the year, a software developer quit his job and gave up a salary of $90,000 per year in…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you…

Q: Let CPI, represent CPI in period t and let CPI₁+1 represent the CPI in period t + 1. CPI inflation…

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

Q: Discuss the link between adventure tourism and eco-tourism, discuss the best practices in Adventure…

A: Introduction Several diverse types of tourism have arisen within the tourism sector, each attempting…

Q: Q2 Hand written plz Find any Nash equilibria in the following normal form game and indicate which…

A: We have 4 ×4 simultaneous move game for two players 1 and 2

Q: 1. Tim has borrowed money from Lisa and proposed to pay back the money in two payments. Tim…

A: Simple interest is calculated on the loan principle or the initial deposit in a savings account.…

Q: Is the following statement true or false? Given is the graph below of the oil market. Without the…

A: Here, the given graph shows the market for oil and two situation are presented in this graph that…

Q: Given the following data about the monetary sector of the economy M-0.4Y-801 (Money demand where i…

A: Given  Money demand equation: Md=0.4Y-80i           ... (1) Money supply Ms=1200 We have to find the…

Q: Which of the following is an example of an intermediate good? Select one: a. lumber you buy to build…

A: "In macro-economics there are two main types of goods: final goods and intermediate goods. Final…

Q: our Dad has offered to give you some money and asks that you choose one of the following two…

A: The term "time value of money" refers to the fact that money in the present is worth more than money…

Q: Kindly answer in narrative form. Please cite your sources. Thank you so much! 1. What Trade: (You…

A: Exports  Exports refers to the process where the country sells there commodities and services to…

Q: Price Ali Kelly Jessie Market 4.00 4 0 1 3.00 8 2 2 2.00 12 4 3 1.00 16. 6 4 Quantity Supplied By:…

A: *Answer:  Market demand is the sum of individual demand at different prices. Market supply is the…

Q: How does Offshore Oil Drilling affect the environment of Belize?

A:

Q: A monopoly has the following demand, marginal revenue and marginal costs: Demand: P = 72-Q Marginal…

A: Total revenue is the product of price and quantity and is maximised when marginal revenue is zero.

Q: Write three econometric models capturing 1) overall; 2) within; and 3) between variation

A: Econometric models were built from economic data and are utilized with traditional statistical…

Q: Carefully explain the terms 'non-rivalry' and 'non-excludability'. Provide an example of a good with…

A: Non-excludability means that no individual can be excluded from using the goods and non-rivalry…

Q: 2. Paul and Stella play a game with three strategies each, T, M, and B for Paul, and L, C, and R for…

A:

Q: How is diversity in China similar or different from diversity in the United States?

A: A Fresh Look at China's Diverse Cultures  defines diversity as "the existence in a group or…

Q: 1. Tim has borrowed money from Lisa and proposed to pay back the money in two payments. Tim…

A: Interest that is computed on the principle amount of a loan or the first deposit made to a savings…

Q: Consider the following investment project. Calculate the net future worth of this investment at 11%…

A: Future worth of the investment shows the actual value of the investment in the future with some…

Q: Is the following statement true or false? Given is the graph below of the oil market. Without the…

A: Here, the given graph shows the before tax and after tax outcome of the market.

Q: The right expression to calculate how much money will be in an investment account 14 years from now…

A: Future value is the value of investment for the given time in future. It is calculated by F = P(1 +…

Q: 49. The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,6 A. 12% B. 10% KE…

A: An effective annual rate is the genuine profit from a bank account or any premium paying…

Q: At the start of the week, Marie decides to buy a pie. Does this imply that the utility she receives…

A: 1. According to the ordinal utility approach, when an individual prefers to buy one good over an…

Q: Suppose you are a pension fund manager. Your fund holds bank deposits in Australia, Japan, the…

A: Exchange rate is the mainly a medium to exchange one country's currency to other country's currency.…

Q: Assume that the demand for cosmetic or plastic surgery is price inelastic. Are the following…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: 4) Refer to the table below to answer the following questions. Table 2 Firm A R&D No R&D A:-$3 A:…

A: The dominant strategy is the best course of action that provide the maximum outcomes no matter what…

Q: Suppose 10 units of a good are sold when the price is $2 per unit, and 14 units are sold at a price…

A: Price elasticity of demand measures how much the percentage changes in quantity demand occur when…

Q: A. Define the necessary variables to determine the amount of Baseball, Seafood, and Technology to…

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Considering Healthcare price elasticity, would it be a good idea to implement a price increase on…

A: The prevention, diagnosis, care, alleviation, or prevention of diseases, sickness, injury, and other…

Q: Why might a country still produce a good on a smaller scale even if it does not have the comparative…

A: Comparative advantage refers to an economy's ability to produce a certain item or service at a lower…

Q: HEAD and Dunlop set prices simultaneously for their respective tennis rackets. Let p₁ ≥ 0 denote the…

A: The best response in economics or game theory is the strategy (or strategies) that generates the…

Q: 1. Ben and Jerry are two partners-in-crime, who have robbed a bank. Ben got caught and is questioned…

A: Two players jerry and Ben has simultaneous interaction and the resulting payoffs are given in the…

Q: What are some reasons that CPI inflation may overstate the true increase in the cost of living?

A: An exhaustive measure utilized for assessment of cost changes in a bin of labor and products…

Q: 3. Fiscal policy can be an inappropriate macroeconomic stabilization tool, since A) it has a larger…

A: When talking about stabilization policies, it can be said that it is the government and Central Bank…

Q: Why mu Ist the margina equal to the marginal cost for a producer? Explain. ue be

A: Marginal revenue (MR) is the increase in revenue that results from the sale of one additional unit…

Q: Which factor below does not support the need to add a risk premium to interest rates? Select one: O…

A: A risk premium is the rate of return of an investment over the guaranted rate of return. The risks…