Q: In 2025, how many of the 10 largest cities will be located in developed countries? a. 9 b. 10 c. 5 ...
A: In this world map we find the demographic data of ten countries:-Tokyo city of the country Japan wit...
Q: How do you calculate private closed economy GDP?
A: A closed economy represents a market system where no trade with other countries take place.
Q: A city is planning to renovate their current facility with hi-tech computerized systems. Four plans ...
A: A benefit-cost ratio (BCR) is a pointer showing the connection between the relative costs and benefi...
Q: Cartels have a difficult time maintaining their output agreements because an individual firm has an ...
A: Oligopoly: It is a market where there will be only some sellers and a large number of buyers availab...
Q: For the demand function q= D(p)%3D201-p, find the following. a) The elasticity b) The elasticity at ...
A: According to the Bartleby guidelines, we answer only the first question in case of multiple question...
Q: A company has affiliates in seven countries. Each affiliate enters into transactions with the other ...
A: The company has determined that on average a remittance from one affiliate to another costs = $40 F...
Q: Explain the effects of the following statements to the equilibrium of supply and demand. Use supply-...
A: The equilibrium in the market is determined by the market forces of supply and demand. The demand cu...
Q: If BC2 is the relevant budget constraint, then the consumer will purchase bundle
A: Budget constraint represents all the combination of goods which the consumer can purchase with his g...
Q: what you see as "your" strengths and shortcomings for becoming a social entrepreneur.This is again e...
A: We show The great thing àbout mistakes is that even if you need to see whàt is around you, your oppo...
Q: r Jack’s farm current situation that includes MC, ATC, and AVC, labeling all relevant points on axes...
A: The correct answer is given in the second step.
Q: Compare and contrast the three black leaders: Booker T. Washington, WEB Du Bois, Marcus Garvey.
A: If we consider the history of the American economy then black people can be considered here as the m...
Q: (7) For each situation, solve for the Stackelberg equilibrium 7a) Suppose Sarah’s constant MC is $5 ...
A: As per given data, We solving stackelberg, Joe moves first.
Q: 3. James borrowed Zae's truck to drive up to Two Sustah's for a fish plate. When he pulled up in fro...
A: Risk is basically defined as the probability that the actual profits from a result or investment wil...
Q: Question 33, 41 Listen Should the company invest in the training program if allows them to expand in...
A: Answer= "Thank you for submitting the questions. But, we are authorized to solve one question at a t...
Q: A food manufacturer is trying to maximize profit by selling wheat-based cereal (C) and wheat bread(B...
A: C=30Wc−1.5W2c B=74WB−2W2B Wc+WB=8294The cost of Cereal is $1 and the cost of Bread is $0.5. Hence...
Q: (3c) Solve for the Bertrand-Nash Equilibrium. (3d) Under the Betrand-Nash Equilibrium, how much does...
A:
Q: competitive firm has the short run total cost function: TC = Q³ – 8Q² + 30Q + 5 a. Find and graph th...
A: Total Cost function for a competitive firm is gives as : TC = Q3 - 8Q2 + 30 Q + 5 Average Cost func...
Q: A monopolist faces the demand curve P=120-3Q. The profit maximizing price is 90. What is the margina...
A: Given Demand curve: P=120-3Q .... (1)Profit maximizing price P=90 We have to calculate marg...
Q: At a price of $4.97 per pound, the supply for cherries is 16,289 pounds, and the demand is 10,218 po...
A: Demand and supply In an economy there is always a demand for goods and services and the supply of g...
Q: The cash flows for three mutually exclusive alternatives are given in table below. MARR = 4%. Alt. A...
A: The IRR technique is used to calculate the rate of return that is hidden in the cashflows of an inve...
Q: An equipment was installed at distillery plant at a cost of Php 300,000 and projected to have a usef...
A: Rather than being charged to expense in the period of incurrence, a capitalised cost is recorded as ...
Q: Suppose that a small town has seven burger shops whose respective shares of the local hamburger mark...
A: while calculating concentration ratio we consider the firms who have larger market percentage share ...
Q: Which of the following is included in GDP calculations? a crisp $50 bill received on your birt...
A: Gross Domestic Product (GDP) measures the market value of all final goods and services produced by a...
Q: If Mexican exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending dr...
A: Aggregate Spending = Aggregate Expenditure = Consumption Exp (C) + Investment Exp (I) + Govt Exp (G)...
Q: 5. Jane’s Juice Bar has the following cost schedules: Quantity 0 vats of juice 1 2 3 4 5 6 Variable ...
A: In economics, average variable cost is a firm's variable costs divided by the quantity of output pro...
Q: Currently, interest rate on euro is near zero while the (Fed Funds) interest rate on dollar is about...
A: A lender charges a borrower an interest rate that is a percentage of the principle (the amount borro...
Q: ‘Utility services cost less even though they cost more’, elaborate this law with the help of suitabl...
A: Utility services are less expensive, despite the fact that they are more expensive. Consider a compa...
Q: What about s the practical importance of economic law? Explain in 250 words
A:
Q: Which best describes why the multiplier exists? When people spend money, that money ends up in the p...
A: Multiplier is an economic term which shows that an input widens the effect of other variables.
Q: Civilian Employment = 157722 Unemployment = 6270 Not in Labor Force = 99333 Use the values abo...
A: Here, information about employment, unemployment and not is labor force is given. To find: Working-...
Q: What are the annual payments necessary to pay a $100,000, 12-year loan if the loan rate is 8 %
A: The loan rate is defined as the rate of interest at which the loan is paid to the bank. It means the...
Q: hetical payoff matrices show the profits (in millions of dollars) for each company. In the absence o...
A: All answers given below,
Q: St. George's must invest in new piers to entice ships to enter the port. They estimate that it will ...
A: Answer -
Q: Jan Aart Scholte (2000: 15-17) has argued that at least five broad definitions of ‘globalization’ ca...
A: Globalization, according to Jan Aart Scholte, is defined as "internationalization."Globalization is ...
Q: Consider the five investment alternatives described below. Which alternatives can be eliminated from...
A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...
Q: The regional wage board declared an across the board (nationwide) average 3.4% increase in the 2021 ...
A: % Increase (change) in minimum wages: 3.4% Current minimum wage earning labor force = 2.332 million ...
Q: Suppose the majority of the shares of Apple Inc. were sold to a Japanese firm. If everything else re...
A: [1]Given, shares of Apple Inc of US. If shares are sold to Japanese firm then there will be flow of ...
Q: With no taxes or transfers, disposable income = GDP, denoted Y. In trillions of dollars, - marginal ...
A:
Q: 20 Price 18 16+ 14 Supply 12 10 6 Demand 2. 10 20 Quantiy 30 40 60 70 80 a. At the equilibrium price...
A: The total surplus is sum total of consumer surplus and producer surplus.
Q: Suppose that the production function for the economy is given by: Y = AL²/3K/3 Suppose that this eco...
A: Dear learner you have posted a question with multiple sub parts, as per our policy we have solved on...
Q: What are “Adam Smith’s laws of the market” What does Adam Smith think is behind the economy/market? ...
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for yo...
Q: You are economic consultant for Jack, who farms raw cotton in a perfectly competitive market. One da...
A: Perfectly competitive market refers to a market scenario in which there are large number of buyers a...
Q: balances of fiat money worth y goods. 1+ Vi+1 a. Use the equality of supply and demand in the money ...
A: Fiat money is a government-issued currency that is not backed by a commodity such as gold. Fiat mone...
Q: In a small isolated town, there are two types of people, saints and crooks. In business dealings bet...
A: The Nash equilibrium is basically a type of decision-making theorem in game theory that said that i...
Q: What were John Maynard Keynes economic theory’s general principles and who did he advise?
A: Keynesian economics is based on John Maynard Keynes' thesis that rather than letting the free market...
Q: In Virginia, in 2019, if you made $10,000 a year in income, you paid $120 + 5% of excess over $5,000...
A: A tax is a necessary fee or a type of monetary charge that is imposed by a government on a person or...
Q: Is Good X an inferior or a normal good? How much Good X will be purchased?
A: As given Qx = 953 - 9Px - 3Py +9Pz + 2M Also Px = $4/unit Py = $1/unit Pz =$7/unit M = $772
Q: Who favors Milton Friedman’s theories currently and how are they applied?
A: Answer-
Q: Excercise 2: Find the underlined parts that are incorrect in these statements and correct them: 11. ...
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the exac...
Q: The accompanying graph represents the aggregate consumption function for the small island nation of ...
A: Increase in the income leads to increase in the expenditure of consumption, thus when there is incre...
Step by step
Solved in 4 steps with 4 images
- What does price elasticity of demand mean for insurance companies and medical providers for making a decision?what does non-stationarity mean ?In 2010 the government’s main medical adviser drew up plans for a minimum price foralcohol intended to double the cost of some drinks.Under the proposal no drinks could be sold for less than 50 pence per unit of alcohol theycontain. This would mean most bottles of wine could not be sold for under £4.50. Theproposal is aimed at reducing alcohol abuse. A spokesman for an opposition party saidthat it was more important to deal with peoples’ attitudes and not just the price of alcohol.The Portman Group, set up by drinks manufacturers to promote sensible drinking, arguesthat it would damage the majority of drinkers who behave responsibly in terms of theirconsumption.The NHS bill for alcohol abuse is an estimated £2.7bn a year. Recent figures showhospital admissions linked to alcohol use have more than doubled in England since 1995.Alcohol was the main or secondary cause of 207,800 NHS admissions in 2006/7,compared to 93,500 in 1995/96. The number of alcohol-related deaths in England…
- What are some of the metrics economists use to measure health outcomes?What is social referencing? How does it function in infancy and what does it imply about infants' growing social capabilities?Total health expenditures are a function of price and O A. Reimbursement O B. Value O C. Assets O D. Quantity
- Suppose that a study finds that the price elasticity of demand for MRI's is 0.3 (in absolute value). If the price of care were to ___ by 3%, we would expect the quantity of preventative care consumed to fall by ____%. Suppose that a study finds that the price elasticity of demand for MRI's is 0.3 (in absolute value). If the price of care were to ___ by 3%, we would expect the quantity of preventative care consumed to fall by ____%. a. fall; 0.3% b. rise; 0.9% c. rise; 0.3% d. fall; 0.9%Discuss what is known about price elasticities of demand for various health care services. Needs to discuss acute, chronic, well, dentistry; hospital, ambulatoryHow would each of the following changes affect the demand curve for acupucture? 1) The surgeon general issues a warning that back surgery is ineffective. 2) Medicare stops covering back surgery.