how price system affects the Industries pricing products and Services

Q: Which of the following statements is the least likely to be true? A) Automation requiring significa...

A: Automation alludes to the course of naturally delivering products using robots, control frameworks a...

Q: Determine the exact and ordinary simple interests on ₱1,200 for the period from January 16 to Novemb...

A: Given: The principal amount is = ₱1,200 The time period is between = January 16 to November 26, 1992...

Q: For the following questions, make use of provided information. Since the peak of the pandemic shutdo...

A: When we are considering the inflation increment then the major reason behind it is an increase in ag...

Q: The figure below shows a market of good C. Suppose that the government levied a tax on C. If the si...

A: The markets are the place where the buyers and the sellers of various goods and services tend to mee...

Q: Explain the term "marginal rate of technical substitution." (Assume a two-input production function....

A: Marginal rate of technical substitution examines the ratio of the marginal products for the two inpu...

Q: sing the price to charge consumers. There are no capacity constraints. Consumers purchase the firm t...

A: Under the Bertrand model, firms compete the prices. The price keeps on declining until it becomes eq...

Q: The diagram below shows a country’s production possibilities curve. Two outputs are possible, capita...

A: Here, the given graph shows the production possibilities curve with two goods, capital good and butt...

Q: :0. Economic survey is published by

A: To find : Who publish economic survey. 

Q: The formal study of economics began when Adam Smith (1723-1790) published his famous book The Wealth...

A: Adam Smith otherwise called father of financial aspects distributed his book The enquiry into The na...

Q: There are a number of factors that can affect exchange rates. List and explain at least three.

A: Exchange rates:The value for which one currency is exchanged for another is defined as the exchange ...

Q: Automatic stabilizers   a)increase consumption during a recession above what it would otherwise be...

A: Automatic stabilizers work to maintain the equilibrium in the economy.  Too much of inflation or def...

Q: Explain the following statement: “Profits that more than cover the cost of capital are known as econ...

A: Profits are defined as the rewards paid to the producers for the efforts undertaken by them to produ...

Q: Suppose there is a 1% inflation shock, the Phillips curve beta is 2, the output gap is 1% and inflat...

A: The Phillips curve shows the inverse relationship between two variables that are inflation rate and ...

Q: How to imorove quality education in the Philippines

A: Over hundreds of years of colonial occupation, first by Spain and then by the United States, the Phi...

Q: A significant property of the Cobb- Douglas production function is that the elasticity of substituti...

A: To find : Elasticity of substitution input will be between which value. 

Q: Have you ever experienced inequity in a job or a class? How did it affect you?

A: Yes. I have experienced inequity in a job.

Q: Question 6 Discuss TWO major virtues of a market system.

A: A market system is any systematic process that allows many market participants to offer and demand: ...

Q: Octopus has 5RL (Right Legs) and 3LL (Left legs) Will only wear matching shoes on all 8 legs   Ut...

A: The optimal consumption bundle is at the point of tangency between the indifference curve and the bu...

Q: Discuss economic development strategies. What strategies have worked best? For which countries? Prov...

A: Business can be of many different types. For example in computer keyboard business, there is compute...

Q: Suppose market demand for oil is Q(P) = 100 – 0. 75P where Q is billions of barrels (BBL)or oil per ...

A: Yearly Market Demand : Q = 100 - 0.75 P  => P = 133.33 - 1.33 Q  Marginal Cost = 7Q2 - 3Q + 6  To...

Q: Assume the required reserve ratio is 10%. Suppose that currency in circulation is $600 billion, the ...

A: Required reserve ratio = 10% Currency in circulation = $600 billion Checkable deposit = $900 billion...

Q: A certain masonry dam requires 500,000 cu.m. of gravel for its construction. The contractor found tw...

A: Given: The construction cost is = 500,000 cu.m. To Find: The lesser costs and economically feasible ...

Q: When the price of shirts emblazoned with a college logo is $20, consumers buy 150 shirts per week. W...

A: Question 7 is incomplete so I will answer question 8. Given  Price of shirt P1 =$20 then quantity de...

Q: Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the rest...

A: To find : What will happen to supply. 

Q: 80 70 SWE DEN NOR 60 NLD FIN 50 NZL JPN CHE CAN AUS 40 AUT ESP "IRL ITA DEU USA 30 GBR BEL GRC ISR 2...

A: i. Statement 1: R square measures the goodness of the fit not the direction of the relation. We can ...

Q: . Marginal revenue will be negative if elasticity of demand is

A: To find : What will be elasticity of demand for marginal revenue to be negative. 

Q: Suppose a monopolist faces the demand curve and cost curves shown below. MC ATC Demand MR Quantity F...

A: A monopoly is a singler seller in the firm, due to which it has market power to charge price greater...

Q: A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at t...

A: Monopolist A monopolist refers to a individual or a firm that controls and dominates a market for a ...

Q: The ore of a gold mine in the Mountain Province contains, on average, 0.5 grams of gold per ton. One...

A: For first method it is given that, Average is 0.5 grams of gold cost = $1650 recover rate = 93% = 0....

Q: Based on the information in the table below, calculate the unemployment rate: Total adult populatio...

A: Unemployment rate measures the percentage of total labor force that are unemployed. By unemployed, w...

Q: Although documentaries often record events as they are occurring, sometimes events in a documentary ...

A: This statement is true.

Q: B. The law of variable proportions come into being when

A: To find : When do law of variable proportion come. 

Q: Taking the baseline monetary OLG model literally, what features of the model economy enables fiat mo...

A: The introduction of valued fiat money to the basic overlapping generations model increases the econo...

Q: Suppose a bond pays $10 after the first year as coupon payment, and $10 plus the face value of $200 ...

A: Given interest rate = 10 % Bond face value = 200 $ Coupon payment for 2 years = 10 $  

Q: Based on the graph below, how much is the marginal product of labour of the sixth worker, if Q5=67 u...

A: Here, the given graph shows the number of workers and their productivity in terms of output. 

Q: A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at t...

A: The average revenue (AR) curve depicts the price level at each level of output.  i.e., AR = Price A ...

Q: Is tariffs a pro-producer or anti consumer?

A: there are two major points that need to be mentioned here: First, the tariffs are taxes imposed on t...

Q: If the Bank of Canada sells Government of Canada Bonds in the open market, what will happen? O a. Th...

A: The central bank conducts open market operations (i.e., buying and selling of government bonds) in o...

Q: Which of the following is false concerning the European Union? Group of answer choices All of its m...

A: The 27 EU countries are: Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, De...

Q: Who benefits from tariffs? Government or domestic industries?

A: Tariffs refer to the government policy to restrict the imports of goods and services in the economy.

Q: Suggest plausible factors which could have an impact on the demand and supply of oil in the near ter...

A: For an economy to operate in a stabilized manner, it is fore mostly required that its market should ...

Q: Economic Theory, however, identifies a series of factors or mechanisms that are capable in principle...

A: The idea of convergence in economics (also known as the catch-up effect) is the hypothesis that poor...

Q: A. Low-cost Carriers vs. Legacy Carriers B. Pricing and Demand C. Airline Costs

A: Low-cost carriers are budget airlines whereas legacy carriers are luxury airlines.

Q: Problem 3: A certain machine costs P 40,000, has a life of 4 years and salvage value of P 5,000. The...

A: In the mentioned question, we have to find the third year book value. Depreciation is calculated wit...

Q: Susan has the option to purchase eyeglasses, E, $3 each, and orange juice,O, $1 each. Her income is ...

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

Q: Define sustainable development and the “triple bottom line,” and discuss how sustainable development...

A: Non-Renewable resources are the resources that are available in nature and which cannot be renewed o...

Q: Using the table below indicate which firm has (i) diseconomies of scale and (ii) constant returns t...

A: Diseconomies of scale occurs when a firm's Average cost increases with increase in the output. Avera...

Q: Octopus has 5RL (Right Legs) and 3LL (Left legs) Will only wear matching shoes on all 8 legs   Ut...

A:

Q: Exercise 5.3 Wage bill Let a = 0.5. (This number may or may not reflect reality.) Let K = 6 and L = ...

A: Labor market equilibrium refers to the equilibrium where the labor demand and labor supply are equal...

Q: Suppose the market demand for pizza is given by Qd = 300 – 20P and the market supply for pizza is gi...

A: The market demand for pizza:  Qd= 300-20P The market supply for pizza: Qs= -100+20P The market Equil...