Q: Study the following table and answer the question that follows. Country Tons of Soybeans 100 150…
A: The value of the next-best alternative that must be given up in order to make a decision is referred…
Q: Landia production possibilities: A B Fish 8 6 Chips 0 10 B) 4 chips. C) 3 chips. D) 1 chip. Fish…
A: Opportunity cost is the cost of producing one good in terms of other good. Opportunity cost is…
Q: input prices are w 4, and r ", what is the least cost input combination required to produce 40 units…
A: Production function: q = 4 K0.5 L0.5 Cost function: C = w L + r KC = 4 L + K The cost function is…
Q: If I am earning positive economic profit then I made the decision that is a. the best by all…
A: Economic profit = Total revenue - Economic cost. Economic cost = Explicit cost + Implicit cost.…
Q: 1.6 Read the following extract and answer questions 1.6 - 1.9. "The European Central Bank is…
A: Inflation is a situation in which the price level of the goods and services produced in the economy…
Q: Suppose the quantity demanded falls, relative to the values given in the above table, by 20 million…
A: In order to depict the relationship between quantity and price in aggregate demand—the entire amount…
Q: The TLC Yogurt Company has decided to capitalize on the exercise fad and plans to open an exercise…
A: Net Present Value: It is a measure of profitability used in capital budgeting to determine the…
Q: termine the amount to be paid in full settlement of each purchase invoice, assuming that credit for…
A: In order to get the settlement amount, the clean price is multiplied by the face value, plus the…
Q: Answer the next question(s) on the basis of the following consolidated balance sheet for the…
A: Excess reserves refer to the bank-held funds that exceeds the minimum reserve requirement; and it…
Q: businessman. owns a florist shop. He buys each bunch of flowers for R O1.5 and special wrapping…
A: The break even point is the moment where any small business experiences no loss or gain and the…
Q: 9. A man borrows Php 100,000 at 10% effective annual interest. He must pay back the loan over 30…
A:
Q: A monopolist is selling a product with a linear demand curve that has a vertical intercept of p=10…
A: When there is just one vendor in the market, this situation is referred to as a monopoly. In…
Q: 32. The diagram below represents a profit maximizing monopolist. What does the * shaded area…
A: Average cost is the Total cost divided by quantity. For a monopoly , Profit is maximum where MR =…
Q: You borrow $6,000 for 90 days at 6.5% interest. The lender uses a 365-day year. You make a payment…
A: Simple interest refers to the borrowing cost of money without consideration for the effects of…
Q: 1 2 WN 3 4 5 6 7 8 9 WN=86 10 11 12 A B Capital (K) 1 1 1 1 1 1 1 1 1 1 с Labor (L) 1 AWNP 2 3 4 5 6…
A: Average product is the total product divided by the no. of labor. Marginal product is the increase…
Q: 5. Suppose that Capsule Corporation and Red Ribbon Company are producers of spaceships. In their…
A: a) If Red Ribbon Company sells 10 permits to Capsule Corporation at $40, the total cost of reducing…
Q: In the decision to stop production of product A to and start producing product B in the same…
A: When a person, investor, or company chooses one option over another, they are missing out on…
Q: Continued monetary tightening 05 October 2022 The Monetary Policy Committee today increased the…
A: Committee members agreed that monetary conditions needed to continue to tighten until they are…
Q: what would you conclude about the South African Mobile Phone sector between 2008 and 2011?
A: The Consumer Price Index measures the overall change in consumer prices over time using a sample…
Q: QUESTION 2 1. Mr. Jack is in the process of expanding his manufacturing business. He decided to open…
A: Introduction Total cost is the total amount of expenditures a business incurs to produce a…
Q: 1.10 Read the following extract and answer questions 1.10 and 1.11. "South Africa has banned Bain &…
A: Failure of the open market to effectively distribute goods and services is what we mean when we talk…
Q: If the domestic price level rises by 10 percent but the foreign price level is unchanged and the…
A: The real exchange rate among the two currencies will be calculated as the nominal exchange rate…
Q: Suppose the nominal interest rate on car loans is 11% per year, and both actual and expected…
A: An increase in the nominal price of products and services in the economy for a given period is…
Q: a. Complete the table below Quantity TC TVC AFC ATC…
A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…
Q: In a town behind the local mountains, 3 individuals each buy flowers following their individual…
A: Aggregate demand is the sum of all individual demand. Aggregate demand shows the total quantity…
Q: In Question 5 (and potentially in Question 6), your analysis considered a price ceiling at a price…
A: Demand is a consumer-side concept. It shows the behavior of the consumers in terms of the quantity…
Q: QUESTION 12 Assume the following: • Marginal Cost = 10 • Average Total Cost = 12 What is happening…
A: Average Total Cost (AC): Average total cost is the ratio of total cost and units that that the firm…
Q: A project consists of the following tasks, with task times in weeks. Use the data provided to…
A: * SOLUTION :- Given that ,
Q: Suppose Southeast Mutual Bank, Walls Fergo Bank, and PJMorton Bank all have zero excess reserves.…
A: When the quantity of monetary aggregates increases, money is created. Governmental authorities,…
Q: Which of the following scenarios would result in a decrease in a bank's capital ratio? Check all…
A: The capital ratio of a bank is the percentage of a bank's capital to its risk-weighted assets. A…
Q: ome Creations is a U.S. textile manufacturer. Holmes believes Home Creations may be an attractive…
A: The required return here is a function of three factors: Market, size and value. Several statements…
Q: In what ways are “creative ideas” more/less important than technical ability?
A: Creative ideas are creation of internal working of minds which gives innovation and out of the box…
Q: In a world full of surpluses, hunger remains an urgent global problem. What is food security?
A: Poverty has been associated, for instance, with poor health, low levels of education or skills, an…
Q: Early Late Hydration Power Drink 7.00 6.00 Satisfying Bundle Smoothie Price 5.00 10.00 Net Profit
A: Net profit Net profit refers to the sum of money earned by your company after deducting all…
Q: Devi wants to save $313,000.00 to buy a new sports car. She makes deposits of $2,822.30 every year…
A: Nominal interest rate refers to the rate of interest before considering the inflation into account.…
Q: Parliament is interested in financing the cost of their proposed childcare programme by imposing a…
A: The main concern that payroll taxes imposed to pay for childcare programmes will be entirely burden…
Q: If the annual inflation rate is 10% and the annual real interest rate is 20%, what is the annual…
A: Real interest rate is the rate of interest free of inflation. Inflation is the increase in price…
Q: My sister graduated high school, she decided to go to university. The opportunity cost of going to…
A: Opportunity Cost is the cost of the next best alternative that is sacrificed in order to select some…
Q: QUESTION 3 Assume the following: • Price 10 • Quantity = 20 • Explicit Cost = 50 • Implicit Cost =…
A: Economic Profit refers to the profit or revenue generated from the sale of any goods and services…
Q: Which of the following best defines full insurance? (a) Number of dollars of accident insurance…
A: Insurance is the claim that an individual receives in case of any unfortunate loss to the assets.…
Q: b. quantity of inputs used and quantity of output generated.
A: The production function shows the relationship between the quantity of inputs and quantity of…
Q: 1.2 Which of the following conditions would not be studied by the macroeconomist? a) The level of…
A: A subfield of economics known as macroeconomics studies how an economy as a whole performs, is…
Q: In 2007, the city of Canfield collected $500,000 in taxes and spent $450,000. In 2007, the city of…
A: Budget deficit means the spending of government is more than the revenue generated. Budget surplus…
Q: 12 Study the following diagram and answer the question that follows. Expenditures (billions of…
A: Consumption function is consists of autonomous consumption and consumption dependent on Income. C…
Q: Consider the following simultaneous game: Player 1 U D Player 2 L 30,20 -10, -10 R -10, -10 20,30…
A: Nash equilibrium is where the two player plays their best response and get to a decision. Dominant…
Q: 2. The total cost is given by TC=y² + 1. a. Write an equation for each of the following: FC, AFC,…
A: Total cost function is the function of output which is the sum of both fixed cost and the varaiable…
Q: This question relates to the following news article New Zealand dollar drops to lowest value against…
A: Rising inflation in any economy eventually erodes away the value of the domestic currency. In order…
Q: What do free riding, the open access outcome, and congestion of a public good all have in common?…
A: Market failure refers to the condition where the market fails to achieve the socially efficient…
Q: The coffee and tea demand functions depend on both prices. Suppose the demand curves for coffee and…
A: A market is in equilibrium where the quantity demanded is equal to the quantity supplied. Hence, we…
Q: Could you explain in economics concepts the situation in the image why there is incentives in the…
A: Anything that inspires someone to act is considered an incentive.Economic incentives are hence the…
Step by step
Solved in 2 steps
- INFLATION RATE LRAS AD SRAS REAL GOP GROWTH RATE Suppose a change in fiscal policy causes the AD curve to shift from AD₁ to AD2, as shown above. Which response below would most likely cause that shift? A fall in taxes OR a rise in government spending. A rise in taxes OR a rise in government spending. A rise in taxes OR a fall in government spending. A fall in taxes OR a fall in government spending.When there is a recessionary gap: a. Employment exceeds full employment. b. Employment equals full employment. c. Employment is less than full employment. d. Any of the above is possible.the effect of gorvt spending in national income euation is to .... options : increase govt expenditure incraese national income incraese govt debt make is citizen crazy
- 1.If the employment rate of output exceeds the planned aggreagte expenditure what will happen to the unemployment rate assuming that it will persist in the future?During recessions, output a. rises, and unemployment falls b. falls, and unemployment rises c. and unemployment both rise d. and unemployment both fallExplain any two causes of deflationary gap in an economy?
- Discuss wether all firms in a country will welcome a change in people’s income.FRED -Unemployment Rate 10 9. 4 1970 1975 1980 1985 1990 1995 2000 2010 2015 2020 Shaded areas indicate US recessions Source: US. Bureau of Labor Statstics myl red/gwoss What is the relationship between the unemployment rate and Real GDP? O Unemployment increases when Real GDP decreases O Unemployment and Real GDP both increase in periods of stagflation O Unemployment and Real GDP are not related O Unemployment decreases when Real GDP decreasesWhen the economy goes into a recession. real GOP---- and unemployment ___ .a. rises, risesb. rises, fallsc falls. risesd. falls, falls
- True or False: Welfare payments for programs are counted in GDP. Explain why they are or are not.Potential GOP 17,500 FA 13,000 Real Expenditures (Billions) AE 12,000 14,000 16,000 18.000 20.000 Real GDP (Billions) In the graph above the economy is experiencing O None of these answers is correct O Inflation O Deflation O Unemployment labor shortagesPopulation: 250 million Working-age population: 192 millionLabor Force: 120 million Number of people Employed: 114 million The unemployment rate for this economy is____________ %, and the labor force participation rate for this economy is___________ %.
