Improvements in their productivity of labor will tend to

Q: The way to build good credit is to: A. Secure a credit card, but never use it B. Pay off the credit…

A: Better management of money is essential for a sound financial stability and to build good credit.

Q: 1. Briefly explain economic growth and discuss two major economic benefits of economic growth

A: Please find the answer below.   ECONOMIC GROWTH: Economic growth is an increase in the production of…

Q: How does agriculture contribute towards transfer of capital

A: A capital transfer requires disposal or acquisition of an asset or assets by minimum one of the…

Q: Assume that the market demand for a product is represented by the equation P=50- and its market…

A: Please find the answer below.   MARKET DEMAND: Market demand describes the demand for a given…

Q: Suppose the diagram below depicts the demand and cost conditions in an oligopoly market. P₂ P₁ 0 Q₁…

A: An oligopoly is a kind of market structure where a market or an industry is dominated by a small…

Q: Benefit–cost analysis requires the monetization of all relevant benefits and costs of a proposed…

A: Value of environmental good is done through various methods to learn the value of these goods from…

Q: Apply your understanding of the previous key terms by completing the following scenario with the…

A: Economics is the study of allocating the scarce resources in the most efficient way. The main tools…

Q: Question 1) Dave is an expected utility maximizer and his von Neumann-Morgenstern utility function…

A: Let us simplify the utility function - U(W) = 0.8(w)1/3  Initial Wealth = 27000

Q: Rosa is training for a triathlon, a timed race that combines swimming, biking, and running. Consider…

A: In a market, when an individual enters to make purchase of goods and services, his decision is based…

Q: In a market with perfect competition, Prices are set by businesses. businesses confronting an…

A: Technically, perfect competition creates a monopoly that enables a business to set any price because…

Q: In much of Europe, the legal age to obtain a driver's license is 18. If the legal driving age in the…

A: Demand refers to the willingness of consumers to pay for a certain good available for purchase in…

Q: Consider the following production function: f (A, B) = gamma multiply A^alpha multiply B^Beta. where…

A: We are going to use function separability theorem to answer this question.

Q: ith the theory of demand and supply, carefully explain the impact of an increase in price of steel…

A: According to the law of demand, Price(P) and quantity demanded (Q) have an inverse relationship. In…

Q: Please elaborate on the sequence of actions that must take place for expansionary and contractionary…

A: Monetary policies are typically utilized to create short-term economic stability, they also have a…

Q: Part II: Using terms as they are used by economists, explain how each of the following events might…

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

Q: Consumer surplus Multiple Choice O is the difference between the maximum prices consumers are…

A: Consumer Surplus refers to the difference between the highest price a consumer is willing to pay and…

Q: A small business can produce a maximum of 43 of its product per month and sell them for $7 each. The…

A: Given information: A small business can produce a maximum of 43 units of its product per month, and…

Q: Reduced availability of money will result in: A, a reduction in investment in the medium run B. an…

A: The total amount of money as well as other liquid assets in an economy on the measurement date is…

Q: Explain the law of diminishing returns. Asap

A: Meaning of Production Function: The term production function refers to the situation under which a…

Q: Question Three For the past 10 years, you have been observing the sales of your company since you…

A: 1. To determine the relationship between the two variable sales and advertisement expenses, we will…

Q: Someone has the following utility function U = X^2Y^2. a. Calculate the elasticity of demand for…

A: Elasticity of Demand is defined as the change in quantity demanded due to change a change in price.…

Q: Price Year (Dollars per pencil) 2017 1 2018 2 2019 Year 2017 2018 4 2019 Pencils Nominal GDP…

A: The total economic production produced in a year, evaluated at the going rate on the market, is…

Q: Do it quickly questions

A: Producer surplus Is that surplus which are lies below the price level and above the supply curve.…

Q: Suppose that in the United States, the opportunity cost of producing a motor engine is 4 auto…

A: Opportunity cost is the value of what you lose while picking somewhere between two decisions. Right…

Q: Assumptions for all the questions: Private consumption is a function of disposable income and…

A: Initially in economy ,  Y* < Y (Full employment ) Capital flow = 0  In Short run the effect of…

Q: You are employed by the state bureau of economic development. There is a demand for a leading…

A: An economic indicator refers to a statistic about an economic activity. Economic indicators allow an…

Q: onential Smoothing with the following parameters: Ft+1=32 and the α = .15 Regression Months 1 2 3 4…

A: *Answer: . Forecasts are useful tools for making predictions and analyzing future outcomes.…

Q: 3)

A: According to the question The given matrix here indicates the cost expected from  4 alternatives…

Q: ware developers. The benefits of this program 5, but also the goodwill generated by an increa d…

A: *Answer: . Given, Total benefit:  B (Q) = 100Q -2Q^2 Total cost: C (Q) = 10Q Marginal benefit = dB…

Q: Provide an explanation an economist might give showing why each statement is true: - Entrepreneurs…

A: Meaning of Managerial Economics: The term managerial economics is all about management under…

Q: K

A: We know that Monetary policy refers to the actions being taken by central bank of a country for…

Q: What are two things that meet the criteria of the functions of mc ot necessarily be what you would…

A: *Answer:  *2 Double Coincidence of Wants   This is a scenario where a buyer wants to purchase a…

Q: Price P What would you expect to happen in the toilet paper market, based on the supply and demand…

A: Law of Demand refers to the variation that occurs in the demand of a good as a result of a…

Q: (d) Find the royalty in each period. Show that, the discounted value of the royalty in each period…

A: (d) Royalty payments generally constitute a percentage of the net revenues obtained from the use of…

Q: A profit maximizing firm produces output using capital, K, and labour, L, in the following…

A: Given: Production Function: Y = 2*K0.5*L0.5 The rental rate of capital is r=0.1   In order to use…

Q: 2. Which of the following variables is a. Nominal GDP b. Real GDP c. GDP Deflator A none of the…

A: Gross domestic product measures the market value of final goods and services produced by an economy…

Q: What is the major challenge presented by competitors like amazon and uber to grubhub's business

A: The biggest concern posed by Amazon and Uber to Grubhub's company is that they have access to the…

Q: a. Can point D be produced? Why?. b. What variable might shift the curve PPC1 to PPC2? What would…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for…

Q: You borrow $120,000 today to purchase a new truck. You sign a loan agreement for 4.8% annual…

A:

Q: c) Explain the dynamics underlying the differential equation dP dt where c and are constants. What…

A: In the given equation dPdt=cP(1-λP)where c and λ are constants The dynamics underlying it are as…

Q: How is division of labor defined? Select the correct answer below: The average cost of producing…

A: Division of labour is the partition of a work interaction into various errands, with each…

Q: Given a US firm’s average revenue function: AR = 36 – 1.5Q     Calculate the price and total…

A: Introduction Here we have given average revenue of a firm. As we know that when average revenue is…

Q: Refer to Table 3-2. At a price of $750, the quantity of bicycles demanded per week will be A greater…

A: The demand curve for a product is downward sloping.  A downward-sloping demand curve states the…

Q: Which of the following is NOT an example of scarcity? Select the correct answer below: Due to a lack…

A: The term "scarcity" is being used when there is a limit to the amount of resources (natural, labour,…

Q: Suppose balance of trade is $630 and imports of goods is $115 find the exact value of the exports of…

A: Balance of trade is gradually defined as the must value of the exports excluding the part of the…

Q: Potatoes (tons) e 100 200 300 480 500 Sausages (tons) O 250 tons 350 tons O 150 tons O 750 tons a.…

A: Note: "since you have posted a question with multiple sub-parts, we will solve the first three…

Q: Social security payments are a form of _____ and available to ____

A: Benefits from Social Security are payments paid to eligible retirees, persons with disabilities, as…

Q: What happens in the graph when the price of bottled water rises?

A: The demand curve does not shift when there is a change in quantity demanded because of the change in…

Q: 4. If the labor force is 500 and employment is 450, then unemployment rating a. 0 b. 100 c. 10 d. 90

A: When certain workers are unable to find employment in the economy despite actively hunting for it at…

Q: The ________ production points on a production possibilities frontier are the points on and inside…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…