Q: According to the figure showing 2020 GDP for selected countries, how much larger (in percentage…
A: GDP is the sum total of market value of final goods and services produced in a country during a…
Q: Gilberto and Juanita are farmers. Each one owns a 12-acre plot of land. The following table shows…
A: The countries involve in trade. Trade is very beneficial for all countries. It improves the market.…
Q: i need help with all of them
A: The government uses price controls to exert direct influence over market prices. It has an impact on…
Q: Leon and Heidi decided to invest $3,000 annually for only the first eight years of their marriage.…
A: given that, annual payment(A) = $3000 interest rate (i) = 10% time(n) = 8 years
Q: What is the amount of capital that earns simple interest: a)$1,500 at 18% per year in 10…
A: In the market, the amount of capital is also known as principal amount that is invested today to…
Q: When does a movement along the supply curve occur, and when does the supply curve shift? If the…
A: The movement along the supply curve occurs when there is change in the price of a particular…
Q: You are given the following informations Spot dollar:euro=1.05 > Interest rate of dollar-1.76% >…
A: Spot rate refers to the rate which is used for immediate settlement in the market while the forward…
Q: Does owning a share of stock in a company makes you a major decision maker for that company?
A: Owning a share of stock in a company makes you a shareholder, but you can't interfere in day to day…
Q: The project's economic study predicts annual investments of R$300,000,000.00 during three years of…
A: The difference between the current value of cash inflows and withdrawals over a period of time is…
Q: rain fall supply curve, Qs = 300 + 10P 2.2 Determine equilibrium price and quantity. From now 2.3 on…
A: Demand equation refers to the equation between price and quantity demanded of a certain good in the…
Q: 2. Which of the following variables is independent of the choice of base year? a. Nominal GDP b.…
A: In the calculation of an index, a base year is chosen to enable inter-year comparisons.
Q: At a certain interest rate compounded quarterly, 2500 will amount to 10500 in 7 years. What is the…
A: The formula to calculate the amount is given by: A = P1+r/41004nwe divide the rate of interest by 4…
Q: I am not sure what is the answer
A: We know that The demand curve indicates that when the price of good changes what happens to its…
Q: City Bank charges 1 1/2% interest per month, compounded continuously on the unpaid balance…
A: An effective rate of interest rate is the return from an account or any premium-paying venture when…
Q: You may need to use the appropriate appendix table or technology to answer this question. Consider…
A: Since you have posted multiple questions, as per the guidelines we can solve only one question per…
Q: What, using examples, are the main contrasts between the Keynesian and Neoclassical approaches?
A: Numerous macroeconomic views are offered by neoclassical and Keynesian perspectives. Contrary to…
Q: e oligopoly in your own words and elaborate on the characteristics of oligopoly? .
A: OLIGOPOLY: The term oligopoly market refers to the situation under which there is a small number of…
Q: Suppose total National Savings, St, is St= sYt - hKt. The extra term -hK, reflects the idea that…
A: Given , Savings function : S = sY - hK And we know that in equilibrium , Savings = Investment…
Q: 3 3.1 302 John lives in a world of 2 goods, A and a utility function U= min {A, B}. Jo hn earns an B…
A: A person always maximizes his or her utility given the budget constraint where: the slope of the…
Q: Draw areal symbols (circles) to represent the GNP per capital. Draw these relevent places on the…
A: The value of all goods and services produced by a nation's citizens and enterprises, regardless of…
Q: P1
A: Price Floor is price control which is set by the government. It is the minimum price that can be…
Q: FDI is measured in "flow" terms when we take into account: any form of FDI ownership occurring…
A: An entity based in another nation makes an investment in the form of significant ownership in a…
Q: 2-4. The land of Oz produces dreams (denoted by x) and wishes (denoted by y). The production…
A:
Q: A consumer has the utility function u(x,y) = xy and the price of both x and y are $4 a unit. If the…
A: Given Consumer utility function u(x,y)=xy ..... (1) The price of good x is $4 and the…
Q: ran Lee plans to set aside $2,600 a year for the next seven years, earning 3 percent. What would be…
A: What money is anticipated to be worth in the future is referred to as future value, or FV. Cash held…
Q: Part IV: Study the supply schedule below and answer the questions that follow: Quantity Supplied 25…
A: Supply schedule shows the relationship between the price and quantity supplied of goods. There is…
Q: Suppose the government wants to achieve a debris reduction of 30 pounds per month (that is, reduce…
A: Pollution prevention is any training that lessens, dispenses with, or forestalls contamination at…
Q: Which of the following is not true about productivity? A. Productivity is an indicator of the…
A: According to the economist "Adam smith", An Economy refers to an inquiry into the nature and causes…
Q: A wind turbine engineering firm has both the experience and an undeveloped plan for a new and more…
A: An investment is an asset or not entirely set in stone to create pay or appreciation. Appreciation…
Q: Price (dollars per unit) 30 24 21 18 16 12 O 4 $12 to $18. $18 to $24. $12 to $18. a $12 to $24. 8…
A: A natural monopoly is a single firm in an industry which can produce the goods at lowest cost. The…
Q: 1. What happens to the reservation wage if non-labour income increases and why? 2. What economic…
A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…
Q: In the market for lattes, if the number of coffee shops increases, how does the quantity of lattes…
A: law of demand refers to the inverse relationship between price and quantity demanded keeping all…
Q: A firm is selling two products-chairs and bar stools-each at $50 per unit. Chairs have a variable…
A: Total Cost = Total Variable Cost + Total Fixed Cost The Break-even point is the point where the firm…
Q: 1. _______ Refers To an upper limit on the amount of a commodity that can be purchased by an…
A: In economics, there are specific terms used to explain specfiic economic concepts to understand the…
Q: Given the following equations: P = 450 - 50Qd Inverse Demand Qd = 9 - .02P Regular Demand P=50+50Qs…
A: The equilibrium is established where the demand and supply are equal. The consumer surplus is the…
Q: The market for digital watches is at its market equilibrium. Now the cost of producing a digital…
A: We know that when the cost of production increases then the supply curve shift upward means supply…
Q: Mr. Animesh purchase a 5-year, 5-percent savings certificate for Rs. 50,000. If interest is…
A: Compound interest is the name for the interest on a credit or deposit that is re - assessed on both…
Q: The production of soy beans is labour intensive in Malawi, but capital intensive in the US. This is…
A: Trade refers to the process of transferring of goods or services from one place to another. It could…
Q: 3. P4000 is borrowed for 75 days at 16% per annum ordinary simple interest. How much will be due at…
A: Here, given information is, Principal amount (P): P4000 Time (t): 75 days with ordinary simple…
Q: A tunnel to transport water initially cost $1,000,000 and has expected maintenance costs that will…
A: Given Initial cost =$1,000,000 no. of years =6 years MARR=20% years maintenance cost1…
Q: When there are low barriers to entry in a now profitable market, there may be a flood of alternative…
A: Barriers to entry prevent the entry of new firms in the market structure to prevent increased…
Q: Assuming the expectations theory is the correct theory of the term structure, calculate the interest…
A: Computation of the interest rates in the term structure: Expectation theory: Expectation theory…
Q: Netflix customers in Australia could soon be facing steeper monthly charges. The popular streaming…
A: The aim of conducting the test is to derive the responsiveness to price changes and attain profits.…
Q: 2. Fifi purchased on monthly installment property worth P100,500. The interest rate is 12% nominal…
A: The term cash flow alludes to the net amount of endlessly cash equivalents being transferred all…
Q: How does the value of production relate to expenditure and income? The value of production ____. A.…
A: Value of production is the total amount of Expenditure incurred in relation to goods produced.…
Q: A bakery uses its resoruces to produce both cake and bread. When the price of bread rises, how does…
A: Here, it is given that a bakery uses all of its resources to produce cake and bakery, which implies…
Q: Suppose that the market for milk can be represented by the following equations: Demand: P = 12 –…
A:
Q: The table gives the demand and supply schedules of lattes. Quantity Quantity demanded supplied Price…
A: In a free market, equilibrium price and quantity is determined by the forces of demand and supply…
Q: he quantity demanded x for a certain brand of MP3 players is 300 units when the unit price p is set…
A: The demand curve (DD) in economics is a graph that shows how many units of a product or service will…
Q: 43. Explain the importance of investing early.asap
A: Investing can be defined as the act of resource allocation, mainly money, with the expectation or…
Under market prices and estimates of economic value, discuss how land and labour are valued
Step by step
Solved in 2 steps
- All of the following, except one, are examples of the factor land. Which one is the exception? Minerals Natural harbours O Mortgages held on land Supplies of fresh water Fertile sollIdentify the market in which labour is bought and soldWhat is the effect of a decrease in population (perhaps caused by the plague) on the market for land? A decrease in the equilibrium rental price of land. An increase in the marginal product of land. A decrease in the supply of land. An increase in the demand for land.
- Define Production opportunitiesWhat are some factors of production which are important for any firm to produce goods. These factors have their own identities and respective earnings which the firm keeps in consideration while proceeding for the production process.A carpenter quits his job at a furniture factory to open his own cabinetmaking business. In his first two years of operation, his sales average $100 000 per year and his operating costs for wood, workshop and tool rental, utilities, and miscellaneous expenses average $70 000 per year. Now his old job at the furniture factory is again available. What is the lowest wage at which he should decide to return to his old job? Why?
- Discuss the various production costs that firms face.Consider the markets for factors of production, such as labor and land, to produce oranges in California in 1935. During this time period-known as the Dust Bowl-major dust storms caused residents of Kansas to migrate west to such states as California and Washington. Using the example of the Dust Bowl, illustrate the effects of this influx of migrants on the market for labor in California on the following graph. Assume the marginal product of workers in California remains the same in spite of the migrant workers. Narket for Laber -O- Supply Demand Supply Dumand LABOR From the graph, you can deduce that the migration of workers leads the equilibrium wage rate in California to Now consider the effect this change in the labor market has on the land market. In particular, think about the effect of the wage change you just found on the market for agricultural land in California. WAGEOvertime in agriculture, farms with high average fixed costs of production are forced out of the business by their competitors. Explain the economic processes at work
- Which of the following are examples of capital goods? A) Buildings B) Intellectual Property C) Raw materials D) Patents Can have more than one answerRecall our example of t-shirt manufacturing in Lubbock. You started the business with your friend and selling each t-shirt for $10. However, people are not buying from you. Why is that happening? Now you figured that there are cheaper means to produce each t-shirt at $7 and you changed your t-shirt price to $9 making some positive economic rent. Will this last forever? Why or why not?Harry Homeowner pays $300 monthly on a mortgage in a community where identical houses rent for $800 per month. Harry could move back into his parents house and live rent free. What is the opportunity cost to Harry for each month he lives in the house he owns?
