An economy produces three products, bags, computers and shirts. The prices and quantities of these products in 2020 and 2021 are shown in the table below: 2020 2021

Q: A shoe factory has a production capacity of 9,600 units per month. The fixed and variable costs are…

A: The total revenue is the revenue that is generated by selling given units of a commodity. The rise…

Q: Consider the following statement.  VIRGO HODLER: “Bitcoin’s price will keep going up because there…

A: Bitcoin is defined as a kind of digital currency which can operate freely without any control of the…

Q: The "core" inflation rate is typically defined as the change in consumer prices for all goods…

A: Thw difference between core and overall inflation is that core inflation does not include the change…

Q: Draw and carefully describe a graph that utilizes the Aggregate Demand/Aggregate Supply model that…

A: The aggregate demand curve shows the inverse relationship between the price level and the total…

Q: James is an undergraduate student who has £800 of income to spend each semester on pizza and books.…

A: Given the information: Income = 800 Euro Price of Pizza = 8 Euro Price of book = 40 Euro

Q: tends to discourage firms from making physical capital investments. O Government borrowing O Large…

A: Physical capital includes tangible and man-made objects that a firm purchases or invests in for the…

Q: For many decades, the Royal Mail had a legal monopoly in the U.K. Companies in the postal business…

A: Given information Minimum AC=£2 at Q=100 million deliveriesMinimum MC= £1 at Q=75 million deliveries…

Q: What do monopolistic competitors rely on to attract buyers?.

A: Monopolistic competition is a market structure in which several merchants compete for the same good…

Q: The J. Godfrey, Capital account has a credit balance of $19,000 before closing entries are made. If…

A: capital refers to the resources invested in the business. Capital accounts have a normal credit…

Q: es of the AFC and AVC curves 1OTE: you do not r ariable cost information.) For quantities of 50, 100…

A: Total cost (TC) in the easiest terms is all the costs ourred in manufacturing something or engaging…

Q: In product development, give two factors in relation to economic considerations and explain its…

A: Economics is the branch of knowledge in which we study scarce resources and unlimited wants.…

Q: Economics Find an example where an International Risk is realized. Describe what happened, how the…

A: The possibility of suffering a financial loss as a result of conditions that have an effect on a…

Q: Miguel and Jake run a paper company. Each week they need to produce 1,000 reams of paper to ship to…

A: Marginal rate of technical substitution is the ratio of marginal product of labor and marginal…

Q: The cost of producing a small transistor radio set consists of P 230.00 for labor and P 370.00 for…

A: Break even point is the point where firm produces the output and sell those products which recover…

Q: Chrissie and Edna both created trusts but used different approaches: Chrissie Chrissie created a…

A: The trust Chrissie most likely to create is - A irrevocable living trust Explanation An irrevocable…

Q: A worker earns £15 pounds an hour and chooses to work six hours a day. The worker has no other…

A: Given information W=15 per hour Hours of work=6 hours per day.

Q: Why do firms from emerging economies often pay higher premiums for targets in developed

A: An example of such a system is a developing country's economy that is becoming increasingly…

Q: Suppose the supply curve of a product is given by P = 5 + 0.1Q, where P is the daily rent per unit…

A: * SOLUTION :-    Given that ,    Product  P  = 5 + 0.1Q The demand curve for the product is 20 –…

Q: Assume that a country is endowed with 9 units of oil reserve. There is no oil substitute available.…

A: A country is endowed with 9 units of oil reserve. a) Marginal willingness to pay for oil in each…

Q: Based on our understanding of the model presented in Ch3, a 5% tax cut in a country with balanced…

A: Balance Budget  Every government plans its budgeted revenues and expenses every year. Government…

Q: Let AC(q) and MC(q) be the average cost function and the marginal cost function respectively. (a)…

A: We know  AC(q)=TC(q)qand MC(q)=dTC(q)dq

Q: Compare the alternatives shown below on the basis of a future worth analysis, using an interest rate…

A: Future value is the value of an ongoing asset at a future date in view of an expected rate of…

Q: describe some of the reasons for deviation in exchange power parit

A: Exchange power parity is a method through which changes in the currencies of different countries are…

Q: What are the characteristics of a perfectively competitive market?

A: There are different market structures with different characteristics.

Q: Use the chart to answer the following question. Types of Market Structures One seller controls an…

A: In monopolistic competition, there are many firms and each firm produces a differentiated product.

Q: From the standpoint of any given EU member country what are the potential advantages of adopting the…

A: Advantages The euro has several advantages, including facilitating trade, boosting investment, and…

Q: w many years vage value is

A: *Answer:

Q: 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Discuss Labor Shortage and Labor Surplus.

A: Labor Market:- The labour market is the meeting point of employment market forces, and employees or…

Q: The public welfare spending category for state and local governments includes many programs that are…

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

Q: What is a corporate evaluation? What is the importance of corporate formulation?

A: Answer is given below

Q: Which of the following conclusions may be drawn from the PPC above? A- Consumers value Good B twice…

A: Production possibility curve (PPC) depicts the combination of two goods that an economy can produce…

Q: Find Karl Pearson's coefficient of correlation between capital employed and profit obtained from the…

A: coefficient of correlation show the relation between relative movement of two variables , we…

Q: In a perfectly competitive market a firm produces where  equals to  . If MR is greater than MC, the…

A: In perfect competition, there are large number of firms selling identical goods

Q: From the information given in the table, calculate the marginal cost of the 3rd unit of output.…

A: Marginal cost measures the change in total cost due to change in output produced.  Marginal cost =…

Q: How can we relate ECONOMICS to HISTORY? 2. How can we relate ECONOMICS to MATHEMATICS

A: The study of occurrences is known as history.While it may recognize trends or parallels ('history…

Q: demiology rates: ents (numerator) Population at risk (Denomina one of the above pulation at risk…

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

Q: Why does the collective behaviour of supply managers have such an impact on economic trends?

A: The flow of commodities and services is governed by the supply chain, which also incorporates all of…

Q: 1. If in a simple linear regression, SST = 315 and the sample correlation coefficient between your…

A: When talking abou linear regression model, there are different methods to determine sample…

Q: 1. Given U U(x, y) = (3x + 2)*/²(2y + 3)*/3 a. Find MU, and MU, and explain their meanings.

A: In economics, the utility function measures the welfare or satisfaction of a consumer as a function…

Q: ween studying Physics and ing Ecc for nis inlai grade " each class is shown in the accompanying…

A: The production possibilities curve (PPC) is a graph that shows all of the different combinations of…

Q: On Juan's twenty-sixth birthday, he invested $7,500 in a retirement account. Each year thereafter,…

A:

Q: 41.  Which of the following describes a situation where the marginal social cost is greater than the…

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

Q: You are presented with the following information from Atlantis: Quarter 2, 2020 Quarter 3, 2020…

A: The table shows the manufacturing output, interest rates, inflation and unemployment rate in three…

Q: Give an example of a concept learned in this course that you think may be associated with strong…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Consider the diagram below which depicts a two-household community consisting of hOusehold A and…

A: Public goods refers those goods which are non excludable and non rivalry. Private goods are…

Q: Starting with the generalized profit function, derive the condition for profit maximizing level of…

A: Total cost is the expenditure incurred in the production of goods and services. The total cost is…

Q: Suppose that Rebecca is willing to work as a coffee barista for anything equal to or over $12 per…

A: When talking about equitable arrangement, it can be said that it is the situation when all the…

Q: 4. The graph below shows the efficient contracts and the contract curve. a. Explain the relationship…

A: Contract curve is the combination of all the pareto efficient points in an edgeworth box. It is the…