Q: Which of the following transactions are counted towards investment (1)? A private university…
A: Investment is the act of depositing money to start or expand the business or project with the…
Q: The yearly demand for a widget is 5000 units. The cost of ordering is $100 per order and the cost of…
A: Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity that…
Q: The induced innovation hypothesis suggests all of the following except
A: The induced innovation hypothesis refers that the change in the relative prices will force the…
Q: Explain the theoretical value of the parameter Alpha in other words what does the value of Alpha…
A: Alpha is the significance level.It is probability for rejecting the null hypothesis,when it is true.…
Q: Consider the following Cobb-Douglas production function. Q=10 K1/2L1/2 a. Find the first, second,…
A: The Cobb-Douglas production function shows the technological relationship between the amount of two…
Q: The best example of a marginal change is A change in anybody's income for a long time A…
A: In economics, marginal analysis is made to compute the maximum or minimum value according to the…
Q: Which of the following is an example of a continuous variable? The gender of each student in a…
A: Continous variable is defined in random variables when the random variable can take any value in…
Q: An econometrician finds the following estimates of the relationship between the price of tomatoes -…
A: Market power, also referred to as monopolistic power, is the capacity of a firm (or group of firms)…
Q: The last set of questions are based on the following equation: Y = 0.5 + 1.2 X + 0.75 Z + 0.25 X Z.…
A: here we calculate the given by following method as follow;
Q: Econometrics may be defined as the social science in which the tools of economic theory,…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: What do you consider to be the relevance of the "Importance of the Capital City Index" in tourism…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: If aggretate exppenditure is greater than total income: investment will decrease because such…
A: In an economy, aggregate expenditure refers to the total amount of money spend by the people of a…
Q: Bell Greenhouses has estimated its monthly demand for potting soil to be the following: Assume this…
A: Monthly demand for potting soil is given by: N = 400 + 4X where N = number of potting soli bags…
Q: By definition, the mean a is the center of gravity of the data. b is always the central…
A: Definition of the mean.
Q: True or false In technical analysis the larger the number of days used in a moving average, the…
A: When talking about the value of currency, any change in it will lead.to affect the imports and…
Q: Which of the following statements is False? O a. The hypothesis is a formal statement about an…
A: Hypothesis testing is used to establish relation between one and other variables. The hypothesis has…
Q: An entrepreneur wants to open a hotel in Puerto Escondido, Oaxaca. Two key variables that should be…
A: Option D Profits = Total Revenue - Total Costs Maximising profits would give an estimate of the…
Q: 1. Problem in safety and health in logistic service during covid-19. 2. Problem in compensation in…
A: 1. The problems in the safety and health in the logistics service has been problem of the inland…
Q: Hello. May I ask how did you get the values? Were those only assumed values? Can you also explain…
A: (A) The standard version of the game is as follows: The game is a zero sum game, or a game where…
Q: Business and consumer marketers use the same set of variables to segment their markets Select one:…
A: A consumer market is a market when people buy items or administrations for their very own…
Q: Looking at the figure below, you are asked to (1) summarize your observation; (2) comment…
A: Nominal effective exchange rate: It refers to the rate which is not adjusted or unadjusted weight.…
Q: Carefully examine and discuss the major differences of the Mundell Fleming Model in the short run as…
A: This economic model was first proposed (independently) by Robert Mundell and Marcus Fleming and is…
Q: Examine the following statement and determine the accuracy of the statement. Cars are considered…
A: P(own price) and Qd are negatively related which means that with the rise in P, the Qd will fall…
Q: Investment decisions cannot be affected by Select one: a. Expected rate of return b. Interest rate…
A: In Economics, Investment is considered as an injection into the economy to boost up the economic…
Q: b.A clothing manufacturer makes trousers, skirts and blouses. Each trouser requires 20 minutes of…
A: The following information is given: Here the inverse method is used to find the number of trousers,…
Q: Q1/ Grades in statistics class are weighted as follows: Tests are worth 50% of grade, homework is…
A: Given; Worth of tests points= 50% Worth of homework points= 30% Worth of final points= 20% Points…
Q: The O’Neill Shoe Manufacturing Company will produce a special-style shoe if the order size is large…
A: A firm operates with the objective of profit maximization and a firm maximizes its profit by…
Q: Econometric theory and methodology a. Econometrics is a "non-experimental" research methodology that…
A: Anatomy of econometric modeling is given below : Economic theory > mathematical model of theory…
Q: A teacher observes that the mitterm grades of students in the class varies depending on “the number…
A: Along with other factors, a "hypothesis" is a certain statement that has a predictive tone and will…
Q: The demand function for apples is the following. Qn = 10 - Pn + 0.2Y +0.5 Pc - 2P, + 0.2A %3D Where:…
A: Solution Given demand function Qn=10-Pn+0.2Y+0.5Pc-2Ps+0.2A ............. (1) Pn =1…
Q: Recall the fact that 1 feet = 12 inches. Conversion factors are fractions of value 1 that we use to…
A: 516=316=5.17As,1 feet=12 incches5.17 feet=(5.167 x 12) inches =62.004 or 62 incches
Q: the four-step process to find R'(x). the revenue and the instantaneous rate of change of revenue at…
A: Revenue, in economic matters, the income that a firm gets from the offer of a decent or…
Q: Recessions occur Group of answer choices irregularly. regularly, about every 10 years. regularly,…
A: Answer - Need to find- Recessions occur Evaluating the options- 1.irregularly. 2.regularly,…
Q: Heteroscedasticity problem may be controlled by Select one: a. using generalised least squares. b.…
A: In simple linear regression model, heteroscedasticity means that the variance of the residual or…
Q: Question 19 Let's say you run a simulation and figure out that your sample is one of the likely…
A: In economics, research is one of the approach to deal with variables and to know about the nature of…
Q: s is 2
A: Given : Monthly Sales : Brand A = 15 units; Brand B = 9 units,Brand C = 12 units Unit price : Brand…
Q: Percentage change in P plus the percentage change in Y minus the percentage change in Vis…
A: We use the of Quantity Theory of money we know that MV = PY. After that we take ln on both sides to…
Q: If a successful company consistently generate larger profits, it is a violation of efficient market…
A: The effective market hypothesis (EMH), on the other hand known as the productive market theory, is a…
Q: Start-Up Businesses Being an entrepreneur in a small and young market like Oman is not easy. It is…
A: The problems faced by Qais Al Khonji as a start up entrepreneur are as follows, (a) limited number…
Q: The following are examples of innovation except one. Smartphones LED Lights Automobiles Solid State…
A: The term innovation means creating an advanced version of an existing technology that significantly…
Q: In your own words, please discuss what standard error means and why this is important to our…
A: The estimated standard deviation of a statistical sample population is the standard error (SE) of a…
Q: Increased employment Increased competition Economic expansion Previous Activity Increased economic…
A: According to traditional economic theory, competition drives businesses to create new goods,…
Q: Number of Scenario Firms Type of Product Market Model A large city has lots of small shops where…
A: Number of firms – many, few, one Type of product – identical, unique, standardized, differentiated…
Q: Water bills are perfectly correlated to precipitation levels Group of answer choices A. True…
A: In an economy, the price of any commodity is determined by various factors like demand, supply, and…
Q: Using the fixed-time period inventory model, and given an average daily demand of 287 units , 4 days…
A: There are certain economic order quantity assumptions which are:- - Independent demand-Constant lead…
Q: Assume our standard model. Both Meb and Des have 5 hours. In an hour, Meb can knit 5 scarves or 4…
A: Meb has 5 hours so he can knit 3*5 = 15 scarves or 2*5 = 10 hats. Des has 5 hours so he can knit 4*5…
Step by step
Solved in 2 steps
- Supermarché Jean Claude has decided to manufacture its own brand of non-alcoholic beverages, called NAB, and chocolate bars, called S-JC. A certain amount of money has been allocated to the production of these two products. Jean Claude believes in the old saying that a picture is worth a thousand words, and once again, he has called on you. This time, he wants to see diagrams that illustrate the effects of each of the following events on the production possibilities for NABS and S-JCs so he can visualize the situation. (a) A new and more efficient method of producing non-alcoholic beverages is discovered. (b) The demand for both non-alcoholic beverages and chocolate bars increases. (c) More workers are hired to produce S-JCs. (d) Resources are transferred from S-JC production to NAB production. (e) All workers are trained so that the quality of their labour services improves. Instructions Produce the series of graphs with accompanying texts (150-175 words) so that Uncle Jean Claude…Both Geppetto and Lewis are toy store owners. They decide that they would like to trade puzzles and puppets in order to better stock their toy store shelves. The table below compares their production possibilities schedules. Production Possibilities Schedules Geppetto Puzzles 188 88 68 48 28 8 Puppets 8 4 8 12 16 20 Puzzles: (Click to select) Lewis: Puzzler 58 Geppetto: 48 30 20 18 8 Instructions: Enter your answers as a whole number. a. Geppetto and Lewis agree to trade at a rate of 3 puzzles for each puppet With those terms of trade, who is most likely to be the supplier of puzzles? Who is most likely to be the supplier of puppets? Lewds Puppets: (Click to select) b. The two toy store owners agree to specialize and to trade 30 puzzles for 10 puppets. The terms of trade are still 3 puzzles for each puppet How many puzzles and puppets will each one have after they complete their trade? puzzles and Puppets 8 S 18 15 20 25 puzzles and puppets puppetsQ.4. Do you think that the pure market economy in these circumstance of COVID 19 play an effective role in economy? Give four evidences from your point of view.
- Explain the economic concept of scarcity.What should I assume when I am asked to make a Production Possibilities Curve?** || 85% Microeconomics > Page 2 of 5 2. Draw and explain a production possibilities frontier for an economy that produces milk and cookies. What happens to this frontier if disease kills half of the economy's cows? 3. Consider the following events: Scientists reveal that consumption of oranges. decreases the risk of diabetes, and at the same time, farmers use a new fertilizer that makes orange trees more productive. Illustrate and explain what effect these changes have on the equilibrium price and quantity of oranges. 4. Imagine that you are a nonsmoker sharing a room with a smoker. According to the Coase theorem, what determines whether your roommate smokes in the room? Is this outcome efficient? How do you and your roommate reach this solution? 5. Charlie loves watching Teletubbies on his local public TV station, but he never sends any money to support the station during its fundraising drives. (a) What name do economists have for people like Charlie? (b) How can the government…
- Provide an explanation an economist might give showing why each statement is true: - scarcity always existsDiscuss the basic economic problem of scarcity. Be sure to include a definition of the term, how it affects pricing of items and how it can influence the laws of supply and demand. Talk about the difference between scarcity and shortages and how scarcity leads to tradeoffs, opportunity costs, and specialization of the four factors of production.Can you confirm that I am correct with these positive and normative statements: Positive statement: When oil production slows in Texas, employment and tax revenues decline, and budget cuts at the state and local levels often follow. (Craymer has estimated that the state loses $85 million per year for every $1 decrease in oil prices.) Normative statement:If Russia agrees to production cuts and COVID-19 goes dormant in the hot summer months, as some experts expect, Texas’ coffers will have time to recover before lawmakers convene in 2021 to write a new budget. Or would this be a normative statement:Experts said Texas is better positioned to handle an oil price collapse today thanks to a diversified economy. The last collapse in oil prices, in 2014, also forced the industry to cut costs and otherwise become more efficient. But University of Texas at Austin energy resources professor Michael Webber said COVID-19 throws an unprecedented economic variable into the mix.
- Need help with review economic question ASAP! 1. Consider the following conversation.CHAD: “None of the COVID-19 vaccines in Canada has full Health Canadaapproval, and if you get injured from the vaccines, then the pharmaceutical companies are not liable. Furthermore, the vaccines do not prevent against the spread ofcoronavirus, though they may reduce symptoms. However, their efficacy wanes aftera few months.”VIRGO: “Vaccines have helped humanity to conquer diseases like typhus andsmallpox. Why are you saying that vaccines don’t help at all?” Which logical fallacy does Virgo commit?(A) Argument from authority.(B) Ad Hominem.(C) Post Hoc Ergo Procter Hoc.(D) Straw Man. 2. Which of the following statements is the best articulation of Malthusian dynamics?(A) “Technology will endeavour to make us increasingly less reliant upon fixed re-sources, since said resources can be stretched out in an exponential manner.”(B) “It is not possible that we can sustain ourselves indefinitely with fixed…Elijah and Aneesha are farmers. Each one owns a 14-acre plot of land. The following table shows the amount of maize and squash each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing maize or squash or to produce maize on some of the land and squash on the rest. Elijah Aneesha SQUASH (Pounds) 140 On the following graph, use the blue line (circle symbol) to plot Elijah's production possibilities frontier (PPF), and use the purple line (diamond symbol) to plot Aneesha's PPF. 126 112 98 84 70 42 28 14 0 Maize (Pounds per acre) 10 18 0 Squash (Pounds per acre) 6 70 140 210 280 350 420 490 560 630 MAIZE (Pounds) 700 Elijah's opportunity cost of producing 1 pound of squash is squash is pounds of maize. Because Elijah has a comparative advantage in the production of squash, and Elijah's PPF Aneesha's PPF (?) Aneesha has an absolute advantage in the production of maize, and Aneesha has an absolute advantage in the production of squash. 2…Which of the following is true of an economic theory? It uses complex mathematical equations to explain the problem of scarcity of resources It seeks to prove political ideals and establish a moral code of conduct It seeks to strengthen the role of the government in an economy It is a deliberate simplification of factual relationships O O O O
