The Coase theorem states that Select one: O A. property rights are social arrangements governing ownership, use and disposal of factors of production and goods and services. O B. taxes will solve the problem of external
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: that 4 percent of capital depreciates each year. Assume further that country A saves 24 percent of…
A:
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: If the MPS in an economy is .4, government could shift the aggregate demand curve leftward by $50…
A: Aggregate demand consists of consumption spending , investment spending , government spending , and…
Q: In 1970 a movie ticket cost US$2.00. Today, a movie tickets costs NZ$15.00 You also have the…
A: The consumer price index (CPI) is an approach to changes over time in the general price for the…
Q: Perfect Competition is a model/representation of market that allows economists to understand certain…
A: Perfect Competition refers to the market structure where the large number of buyers and sellers…
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: producing a number of bicycles. a) How many bicycles should this firm produce to minimize its cost?…
A: Under production optimization, the cost is minimized by a firm subject to a given level of output.…
Q: How do you determine the unemplyment rate of 9% is there a formula?
A: Phillips curve shows the relationship between Inflation and Unemployment. When the inflation rate…
Q: How will each of the following scenarios impact the market for money A reduction in the minimum…
A: Money market equilibrium is where money demand equals money supply. The equilibrium interest rate…
Q: Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers…
A: A variable cost is an ongoing expense whose value varies depending on variables like output and…
Q: Suppose that for every hour worked in the labour market, single mothers use an hour of childcare,…
A: The two policies' combined effects on the number of single parents working in the UK are as follows:…
Q: Briefly explain the “Sarbanes Oxley Act of 2002” and its impact on the Financial Sector and…
A: Sarbanes Oxley Act of 2002 was passed to save the public and shareholders from fraud in financial…
Q: a) Write out the extensive form of a game between a farmer (playing in the first round) and nature…
A: An extensive-form game is a detail of a game in game theory, permitting (as the name proposes) for…
Q: A utility company is considering the following plans to provide a certain service required by…
A: Plan Q Investment required - P500,000 Estimated life - 18 years Salvage value - 20% Annual…
Q: hich of the four panels illustrated below had increased in quantity supplied?
A: The equilibrium means economic condition where the demand and supply are equal. The movement along…
Q: D. The Airbus A350, first entered service in January 2015 with Qatar Airways, is one of the most…
A: In the study of economics, production functions represents the relationship between the quantity of…
Q: QUESTION SEVEN Given the revenue function R(x) = √x²+5 a. Find the approximate marginal revenue…
A: Marginal revenue is defined as the the increase in revenue which is resulting from selling one…
Q: IDENTITY THEFT LIABILITY. With the recent hacking of Equifax, identity theft is on the rise. It is…
A: The terms "identity theft" and "identity fraud" are used to describe any forms of crimes in which…
Q: 8. Fredo loves watching Downtown Abbey on his local public TV station, but he never sends any money…
A: Here, it is given that an individual Fredo loves to watch Downtown Abbey on local public TV station,…
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: Can you explain the way how to measure the income in-equality in the Philippines?
A: The unequal distribution of income among a population is known as income inequality. Income…
Q: 1. Consider a pure exchange economy with two goods, 1 and 2, and two consumers, A and B, who have…
A: Pareto optimal allocation refers to those allocations deviating from which no one can be made better…
Q: New Zealand dollar drops to lowest value against US dollar since 2020 (27/09/2022) The New Zealand…
A: CPI (Consumer Price Index) is a measure of inflation. It measures the change in prices of a basket…
Q: Continued monetary tightening 05 October 2022 The Monetary Policy Committee today increased the…
A: To find the impact of monetary policy tightening by other central banks on the growth of New Zealand…
Q: Campus Bookstore is the only textbook supplier in the town, a profit-maximizing business. Customer…
A: A monopoly is a sole producer of a good in the market thus acting as a price maker whereas in a…
Q: Please help me with this questions wih explanantion.
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Please, Fill-In the Bordered Hessian Matrix with the Format,
A: A matrix that optimizes the objective function that contains two variables is called Bordered…
Q: SCENARIO: Developers of a new housing scheme spend money putting in roads, lighting and clearing…
A: Market failure occurs when the distribution of goods and services in economy is inefficient.…
Q: roblems 6-9 are based on the model of demand and supply for coffee as shown in Figure 3.10 Changes…
A: The equilibrium price is the only price where the plans of customers and the plans of producers meet…
Q: 13. According to the graph below, the equilibrium price in the market before the tax is imposed is ⠀
A: The equilibrium is established where the demand and supply are equal. The imposition of tax leads to…
Q: Refer to the attached graph. Assume that the governments of the six states comprising New England…
A: Answer to the question is as follows:
Q: Consider the following simultaneous game: Player 1 U D Player 2 L 30,20 -10, -10 R -10, -10 20,30…
A: We have simultaneous move game for two players in this game player moves simultaneously. Player 1…
Q: As more firms enter the market: O the short-run market supply curve shifts to the left. the…
A: The market place is the path that is providing an opportunity for trade. Here, the consumers and the…
Q: the expected final equilibrium in Winter 2022-23, under the assumption of an extremely cold winter,…
A: Answer to the question is as follows:
Q: Which type of lending institute is either federal or state chartered? Credit unions Mutual…
A: A financial institution is an institution that gives services that people need to manage their…
Q: Suppose the information in the table is for a simple economy that produces and consumes only four…
A: The term economic growth describes the gradual expansion of an economy. The usual method for…
Q: If the value of the $NZ increases then the price level will A. rise or fall depending on whether…
A: The equilibrium is where aggregate demand equals aggregate supply. The price level and quantity is…
Q: A "profit-maximizing" price searcher will want to charge a price that is greater than marginal…
A: A profit-maximizing price searcher firm produces at the intersection of MR and MC to maximize…
Q: 5. If a monopoly takes over 100% of a market previously operating under perfect competition, the…
A: Pure monopoly occurs when a firm is a single seller of a good and service in an industry . So it…
Q: 1.(a). Calculate the point "motorboat" price elasticity of demand when Py = $10000. Use Qs…
A: Price elasticity measures the change in quantity due to change in price. Income elasticity…
Q: Quantity Variable cost Total cost 0 vats of juice $0 $30 1 10 40 12 55 3 75 14 100 5 130 16 165 10 1…
A: Average cost The average cost is the price per unit produced during a production run. It denotes…
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: Suppose company XYZ produces a differentiated commodity. The company has substantial control over…
A:
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. A machine has been purchased and installed at a total cost P18,000.00. The machine will be…
A: The expansion of wealth via investments or earnings is known as capital accumulation. Appreciation,…
Q: Your family owns a small sandwich shop called Healthy Hearty Sandwich that mainly caters to local…
A: The economic downturn results in lack of effective demand in the market from the consumers. As a…
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…
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: 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…
Step by step
Solved in 2 steps
- In the Land of Purity, there is only one form of pollution, called gunk. Table 12.14 shows possible combinations of economic output and reduction of gunk, depending on what kinds of environmental regulations you choose. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the percentage reduction of gunk, and with the quantity of economic output on the vertical axis. Which choices display productive efficiency? How can you tell? Which choices show allocative efficiency? How can you tell? In the choice between K and L, can you say which one is better and why? In the choice between K. and N, can you say which one is better, and why? If you had to guess, which choice would you think is move likely to represent a command-and-control environmental policy and which choice is more likely to represent a market-oriented environmental policy, choice L or M? Why?Consider the case of global environmental problems that spill across international borders as a prisoners dilemma of the sort studied in Monopolistic Competition and Oligopoly. Say that there are two countries, A and B. Each country can cheese whether to protect the environment, at a cost of 10, or not to protect it, at a cost of zero. If one country decides to protect the environment, there is a benefit of 16, but the benefit is divided equally between the two countries. If both countries decide to protect the environment, there is a benefit of 32, which is divided equally between the two centuries. In Table 12.10, fill in the costs, benefits, and total payoffs to the countries of the following decisions. Explain why, without some international agreement, they are likely to end up with neither country acting to protect the environment.A country called Sherwood is very heavily covered with a forest of 50,000 trees. There are proposals to clear some of Sherwoods forest and grow com, but obtaining this additional economic output will have an environmental cost from reducing the number of trees. Table 12.11 shows possible combinations of economic output and environmental protection. Sketch a graph of a production possibility frontier with environmental quality on the horizontal axis, measured by the number of trees, and the quantity of economic output, measured in corn, on the vertical axis. Which choices display productive efficiency? How can you tell? Which choices show allocative efficiency? How can you tell? In the choice between T and R, decide which one is better. Why? In the choice between T and S, can you say which one is better, and why? If you had to guess, which choice would you think is more likely to represent a command-and-control environmental policy and which choice is more likely to represent a market-oriented environmental policy, choice Q or S? Why?
- Refer to Table 12.2. The externality created by the refrigerator production was 100. However, once we accounted for both the private and additional external costs, the market price increased by only 50. If the external costs were 100 why did the price only increase by 50 when we accounted for all costs?Consider two approaches to reducing emissions of CO2 into the environment from manufacturing industries in the United States. In the first approach, the U.S. government makes it a policy to use only predetermined technologies. In the second approach, the U.S. government determines which technologies are cleaner and subsidizes their use. Of the two approaches, which is the command-and-control policy?Suppose that a mayor of a large city believes strongly that education provides great benefits to the community andurges the state government to provide the district with more money. An economist would say that this reflects theMayor's belief that:Asince teachers are overpaid, the district needs more money to hire enough teachers for its classrooms.Bthere are positive external benefits associated with education.Cthere are nontrivial external costs associated with education.Dpublic schools provide a higher quality education than private schools.
- An increase in globalization has lead to an increase in pollution, and this is a problem because pollution is seen to be the classic example of a This is a that individuals impose on others but do not pay for. O negative externality, cost O possitive externality, benefit O negative externality, benefit O possitive externality, costTime left 0:53:28 Suppose that cookie producers create a positive externality equal to $2 per dozen. What is the relationship between the equilibrium quantity and the socially optimal quantity of cookies to be produced? tion 10 et rered ed out of Select one: ag stion O a. No relationship exists. O b. The equilibrium quantity is less than the socially optimal quantity. O c. The equilibrium quantity is greater than the socially optimal quantity. O d. They are equal. Next page revious page ser tour on this page KTQUESTION 1 With negative externalities, the social cost includes a. public cost & opportunity cost O b. private cost & external cost Oc. external cost & opportunity cost Od. internal cost & private cost QUESTION 2 Assume the following: Social Cost = $150 . Private Cost = $125 What must the external cost equal? Oa. $275 O b. $25 O c. $0 O d. $150 QUESTION 3 Altering incentives so that people take into account the external effects of their actions is known as O a. changing the game O b. rigging the system Oc. internalizing the externality Od. stacking the deck QUESTION 4 Assume the following: market quantity> socially desirable The inequality above describes which of the following? Oa. Negative Externality Ob. Positive Externality Oc. Budget Deficit Od. Budget Surplus Assume the following: market quantity < socially desirable The inequality above describes which of the following? Oa. Budget Surplus O b. Positive Externality c. Budget Deficit O d. Negative Externality QUESTION 6 In order…
- According to economists what is the optimal amount of pollution? O a. The optimal amount of pollution is where private costs equal social costs O b. Pollution should be reduced to a level as determined by government regulation O c. None, the goal is to completely eliminate pollution d. The point where the marginal benefit from further pollution reduction equals the marginal cost of further reductionqs abiv 30 ovo pilo 5. Oil spills from oceangoing tankers are rare but bring huge damages to coastlines when they occur within 200 miles of shore. Unfortunately, most tanker spills do occur on or near coasts. Rank the following alternatives according to how efficient they are in i jud, responding to the threat of oil spills. Explain your ranking. a. Each nation with an endangered coastline should impose a tax on all imported oil, a tax that raises enough revenue to compensate for any oil-spill damages. b. Each coastal nation should impose a tax on all domestically purchased oil, a tax that raises enough revenue to compensate for any oil-spill damages. c. Oil-carrying companies should be legally liable for all damages, in the courts of the countries whose national waters are polluted by the spills. d. Each coastal nation should intercept all oil tankers in national waters and charge them a fee that will cover the estimated costs of future oil spills.The following graph represents the market for high-emissions cars. Answer this question assuming that the externality is not internalised. Price of high tmissiens velides Sorial Value &, Quantity of high imissions vehidles What is the social cost of the last unit traded in the market? O P1 O P2 O P3 OP4 O OO0
