The cost of making a packet of the food in the year 2015 is RM20. Calculate the corresponding cost in the year 2017.

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and Qs(q...

Q: 2. Suppose that Canada and Nigeria each produce similar cars, which are traded internationally. The ...

A: Part a: Market Exchange Rate is 1 Canadian Dollar = 304.88 Nigerian Naira

Q: What is the accumulated amount of a 8-year annuity paying ₱ 1,067 at the end of each year, with inte...

A:

Q: Given that national income is 80 crores and consumption expenditure 64 crores, find out the average ...

A: National income is defined in economics as the value of goods and services generated in a country wi...

Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...

A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel

Q: Why have digital goods become so dominant? Think for example the music industry. a) There are clear ...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: III. A monopolist faces the demand curve Q = 500 – P, where Q is the output of the firm and Pis the ...

A: Lets us first find out the inverse demand function Demand Function = Q = 500 - P Inverse Demand Func...

Q: Determine if the following statement is normative or positive: Households that participate in SNAP p...

A: SNAP: SNAP advances long haul wellbeing and prosperity, particularly for kids. Research shows that S...

Q: Problem 9-09 If a firm has sales of $24,058,000 a year, and the average collection period for the i...

A:

Q: The price elasticity of demand measures how much the quantity demanded responds to changes in the pr...

A: The elasticity of demand measures the responsiveness of items demanded. The demand determinant for w...

Q: A man secured a P 7,164 loan at 6 % interest rate. Find the annual amortization to extinguish it in ...

A: An amortising loan is one in which the principal of the loan is paid down over the course of the loa...

Q: Suppose that Paulie and Vinny each can produce ice cream or t-shirts. The table shows the quantity o...

A: opportunity cost is the forgone benefit that would have been derived from an option not chosen. To p...

Q: Imagine that you are faced with the following three public projects, each of which costs $3000. Plea...

A: Given: Discount rate=12%  

Q: 9. what do hing/ Plaughing beck of obil? tete k adyantages you undeiland by oclained and disadumtage...

A: The percentage of a company's earnings that remains after dividends are distributed to shareholders ...

Q: Recent history of the developing country financial crisis.  only need names and little explanation ...

A: The financial and economic crisis made a huge impact on developing countries, however, the effects w...

Q: What is the Quantity Theory of Money and why doesn’t it always hold true? 1. Hints: Explain what the...

A: Quantity theory money depicts the relationship between the money supply or quantity of money and pri...

Q: draw a general demand curve and label it D. Then shift the curve to the left or the right depending ...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: Which of the following statements about a budget line is correct? The opportunity cost of the good i...

A: Budget line is the curve represents the two possible combinations of goods which can be bought with ...

Q: 6. Sarah likes food, z and clothing, y and has the following utility function: U(x,y) = 2x!/2y}/2. T...

A:

Q: If GDP is $20 trillion, how many years will it take for GDP to increase to $160 trillion if annual g...

A: GDP measures the value of goods and services that are produced within the economy in a given year. I...

Q: For which product is the income elasticity of demand most likely to be negative?  A. Bread B. Gas C....

A: Income elasticity of demand (Yed) is the ratio of %change in Qd(quantity demanded) of a product and ...

Q: As government keep raising tax rate (t) on buyers, government will continually collect higher tax re...

A: The government influences the amount of discretionary income available to households by raising or l...

Q: How CoViD-19 affects our global economy? Discuss

A: Every economy in this world facing the pandemic situation of COVID 19. Every economy whether poor or...

Q: Suppose Guyana Power and Light (GPL) faces the market demand and cost function below, calculate the ...

A:

Q: Real World Medical Technology is putting together its R&D budget for the coming year. The firm has c...

A: Given the table:

Q: The answer of the question below is attached as a photo. please advise whether the answer is correct...

A: Given; Net Exports= -$150 million Interest paid= $25 million Principal on its foreign debt= $75 mill...

Q: Using the table in question 1, what was real GDP in year 2, in year 1 prices? (Hint: assume prices o...

A: To find GDP in year 2, using year 1 prices, we use quantities of year 2 and prices of year 1.

Q: In the rural area of a large agricultural-based economy in which corn is the staple food, there are ...

A: A perfectly competitive market is the one where there are large number of buyers and sellers of the ...

Q: Why aren't more resources being allocated to sufficient prudential oversight of the financial system...

A: Countries where there are more working women, quantity of workers is more.  People who are working o...

Q: Y = F(K, L) = AKªL^-« %3D A = 1, K = 3000, L = 9000 a = 0.6 |= |(r) = 1200 – 10r %3D C = C (Y-T) = 0...

A: a. Y=AKαL1-αY=1 x 30000.6 x 9000(1-0.6)Y=4647.44Now,Y=C+I+G4647.44=0.75(4647.44-800)+1200-10r+600464...

Q: What is the marginal rate of substitution at point A? Interpret this value.

A: Formula used: MRSXY = dYdX = MUxMUy  

Q: Enumerate at least five interpretations of the graph of the Total Utility curve

A: Total utility: It is the total amount of utility that will be achieved by the consumers by consuming...

Q: Four different choices are given to determine the unknown value of "X" from the cash flow diagram gi...

A: Given: Interest rate=6% To find: Value of X

Q: Pope Francis argues that we must reject what he calls and economy of "exclusion and inequality." Wha...

A: Quantity of capital is influenced by the amount of investment. Capital goods depreciate and therefor...

Q: Are Hospital and Outpatient Care Substitutes or Complements? gnitude. rospect to be far off the targ...

A: The RAND Corporation focused on determining whether inpatient and outpatient care are complementary ...

Q: Finding the Economic Life of the NewCNC Machine. Find TC and EUAC for each year.

A: ANSWER   The economic life of the the defender is often 1 year so a proper analysis may be between d...

Q: QUESTION 2 An increase in the nominal GDP by 6% can correspond to a decrease in real GDP by 3% and a...

A: The total market price of all product and services generated during a country's economy over a parti...

Q: A consumer with a fixed income will maximize utility when each good is purchased in amounts such tha...

A: The total satisfaction that is being derived by the consumer from the consumption of a specified goo...

Q: Table 2 shows Media Cable’s demand table, total revenue, and marginal revenue at each price. What is...

A: Quantity effects occurs when change in price affects the quantity, and it results into change in tot...

Q: 15. Another supply and demand puzzle The market price of calzones in a college town decreased recent...

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied, that is at the in...

Q: Describe Inflation and how it is measured? Ascertain the Fiscal and Monetary policies that are gener...

A: Inflation is defined as the rise in the average price level of commodities and services in the econo...

Q: Which of the following items is a good synonym for “crony capitalism”? a. Prejudice b. Bribery c. Co...

A: Crony Capitalism: The term Crony Capitalism refers to the economy in which the growth and success of...

Q: Shen has plans to go to a movie and already has a $10 nonrefundable, nonexchangeable, and nontransfe...

A: Shen has a $10 nonrefundable, nonexchangeable, and non-transferable movie ticket.  Now Valerie, whom...

Q: How much money must you invest today in order to withdraw ₱ 11,331 annually for 5 years if the inter...

A: Given the information: Annual withdrawal amount = 11331 Time = 5 years Interest rate = 1.98%  

Q: If a 6% increase in price leads to a 12% decrease in quantity, then we can conclude that the price e...

A: Here we calculate the following by calculating elasticity and other relevant formula and choose the ...

Q: A pizzeria, which operates in a perfectly competitive hospitality market, can produce pizzas if it h...

A: Given; Cost of premise and oven= £10 per night Cost of ingredient= £3 per pizza Workers= £40 per nig...

Q: How is the market demand curve determined? O by subtracting the individual demands curves from the s...

A: Demand is referred to as the amount of goods and services that a consumer is willing and able to pur...

Q: . A manufacturing company purchased electrical services for the next 5 years to be paid for with $70...

A:

Q: I REALLY NEED HELP

A: Answer: Due to the policy of nationalization investors' confidence will decline and they will move t...

Q: A business has found that it can sell 680 items if it sets its price to $66.9. However, if it lowers...

A: When the price is $66.9, then the quantity sold is 680 items. When the price is $40.19 then the quan...