Branches of Economics History of Economic Thoughts

Q: The solid line represent current PPF while the dashed line represents a country's desired PPF. Choos...

A: PPF or the production possibility frontier is the locus of all the combinations of two goods or serv...

Q: what is the spne?

A: The image attached below show red arrows as the best responses at each node:

Q: The loan was made 3 years and 4 months at 6% simple interest. The principal interest amount of the l...

A: We have been given the following information. Time (t) = 3 years and 4 monthst = 3 + (4/12) yearst =...

Q: The total cost (in dollars) to produce qq units of a good is given by the function: C(q)=7.6q+44000...

A:

Q: Any position that is to the right of (and below) the LM curve indicates that there is     equilibr...

A: The LM bend is positively slanted. when the money supply, an increment in the level of income, which...

Q: 11. If two goods are complements, this means that a rise in the price of one commodity will induce

A: To find : What will rise in price of commodity will include. 

Q: In the following two-user game, the payoffs of users Alice and Bob are exactly negative of each othe...

A: In game theory, the Nash equilibrium is defined as an equilibrium outcome from which the players hav...

Q: Question 4 The COVID-19 pandemic has created a surge of patients going to hospitals, at times threat...

A: During the COVID 19, with the healthcare implications and with the rising demand of the hospital bed...

Q: • Assuming that there is no government spending or trade, an economy's GDP is the sum of domestic co...

A: a. Aggregate demand is the sum of consumption and investment, so it is true. b. c0 is autonomous con...

Q: The correlation matrix between the variables is given X, Y,Z, U, W, V: 1 0,96 1 0,88 0,91 1 R= 0,46 ...

A: Correlation states the association between the 2 variables. The range of correlating is  0 t0 1. It ...

Q: An annual deposit of P1,270is placed on the fund at the end of each year for 6 years. If the fund ha...

A: Annual constant deposit = 1270 Time = 6 years Interest rate = 5 % compounded annually      

Q: The maintenance cost for a car this year is expected to be $500. The cost will increase $50 each yea...

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

Q: Your friend made an investment of P 45,000.00 for 60 days at 15% simple interest. If withholding tax...

A: In the above question, it is given that : Initial Amount = P 45,000 Time period = 60 days Interest ...

Q: If a consumer has rational, monotonic, and convex preferences, which of the following is true concer...

A: A change in the price of a product leads to a change in demand for that product. This is called the ...

Q: The price of a product is expressed as p, PHP = 10 – 28D where D is the demand. Which of the followi...

A: Given Price function P = 10 – 28d    

Q: machine is bought P420,000 with an economic life of 6 years and a salvage value of P50,000.The cost ...

A: To find : Deprecation. 

Q: ctions: (1) Use the tools provided 'AP' and 'MP' to draw the average product (AP) and marginal produ...

A: Please find the answer below.

Q: In the IS/LM model, the exogenous variables include     government spending, income and interest r...

A: Exogenous variables are those variables whose values are given to find the value of endogenous varia...

Q: A celebrity declares that drinking three coffees in the morning gives him the needed to do any job b...

A: There are various determinants that affect the demand and supply curve of a good

Q: These diagrams, pertain to a perfectly competitive firm producing output q and the industry in which...

A: Answer:- (B) Firms to leave the industry, market supply to fall, and product price to rise.

Q: • Escalation clause: What is it? What type of property uses one? Why would we use it? How would it h...

A:

Q: Individuals will prefer to fully insure against a potential adverse event if A. individuals are ris...

A: In a market, people have individual differences and different behaviour to make an exchange based on...

Q: What are some of the economic reasons causing nations to support their international carriers

A: Economic integration is a treaty between countries that usually involves the elimination or reductio...

Q: In understanding and analyzing "demand," we focus on how much of a product the buyers are   Multiple...

A: Demand curve is negatively sloped showing inverse relationship between price and quantity demanded.

Q: A necessity is defined as a good having

A: To find : What is definition of necessity. 

Q: Which of the following is not an assumption of the IS/LM model? Short-run model ...

A: IS-LM is a model of Keynesian macroeconomic that shows how the market for monetary merchandise (IS) ...

Q: two (2) differences between the consumer price index and the GDP deflator

A: CPI is Consumer Price Index.  GDP Deflator is Gross Domestic Product Deflator.

Q: Apple faces competition from many other firms in the world market for mobile  phones; therefore, App...

A: Apple has been the top brand in the world of smartphones. Apple has the exclusive right to use IOS (...

Q: Suppose that the prices of capital goods (goods purchased by firms as investment) rose. How would th...

A: In an economy, capital goods at ethe goods that are produced and consumed for the long-run. 

Q: As a firm increases its output, we expect marginal cost to Increase. Decrease. Remain the same. Impo...

A: Marginal cost is the additional cost incurred to produce an additional unit of output.

Q: 3. You are an internet service provider and you have two types of customers, households and business...

A: In economics, profit maximization is the short run or long run process by which a firm may determine...

Q: 24. Competition à la Cournot with homogenous goods and symmetric convex cost functions. Consider an ...

A: Given information Cournot model with 2 firms Inverse demand function P=a-bQ Q=q1+q2 identical cost f...

Q: If two goods were perfect substitutes of each other, it necessarily follows that

A: To find : what happens when two goods are perfect substitutes. 

Q: The health care industry encompasses the following sectors, except:  A. Dental care B. Health clubs ...

A: Answer:- (B) health clubs

Q: Suppose that in a perfectly competitive market, the demand for Frisbees is given by Q=200-2P and the...

A: Equilibrium occurs at the intersection of demand and supply curves, where quantity demanded equals q...

Q: Exercise 3. 6olve the following perfect information game using backwards induc- tion. As a part of y...

A: Given information: There are two  players in the game: Player 1 and Player 2 The payoffs at the end ...

Q: You are interested in the effect of a factory being inspected on whether it reduces its pollution ou...

A: Introduction This effect of fussy regression can be solved by Cartesian method: number of reported v...

Q: Prove that: A capital – abundant country can benefit from international trade if it specializes in p...

A:

Q: You are the marketing manager for Bilbo Industries. You have been asked to estimate the demand for a...

A: Chain ratio method: It is a simple way to estimate the market demand or sales potential or the size ...

Q: 48. Find the present worth of perpetuity of P10,000 semi annually with an interest rate of 10% quart...

A: The worth is the ratio of annuity to semiannual. It means as the annuity is positively related to th...

Q: 15. In the long run, any firm will eventually leave the industry if А. Price does not at least cover...

A: Correct option - A.

Q: How much would Software C cost you in the long run? $[?] Not Satisfied $5,000 Software C 20% • $20,0...

A: The cost of software C initially is $5000 And the not satisfied percentage is 20% which values $200...

Q: Consider an economy described by the following data (in $ trillion): Č- 3.25; I- 1.3; G= 3.5: T-3.0;...

A: Dear student as you have posted multiple sub-parts in a question but according to our policies and g...

Q: Do the business has a moral responsibility to create jobs for the? Or is that only the government's ...

A: Business means dealing with the customers by providing goods at a reasonable price. It means the dea...

Q: Households make expenditure payments in exchange for Multiple Choice   resources purchased in the pr...

A: In the circular flow, firms are households are both buyers and sellers.

Q: How do the purpose and structure of the executive and legislative branches of governments affect the...

A: To find : Purpose and structure of executive and legislature branches of government affects power of...

Q: List and discuss at least three significant contributions a government can make toward a country's e...

A: Economic growth refers to an increase in the aggregate output that is produced in an economy. With t...

Q: Can Entreprenuership be thougth?

A: Entrepreneurship cannot be taught in the traditional sense of sitting in a classroom listening to a ...

Q: how can a policy protect our environment?

A: To find : How policy protect our environment. 

Q: 1. A) When it comes to the level of utility that can be attained along an individual demand curve, w...

A: 1 A) The answer is - a-the level of utility increases as the price of the product falls