Q: Assume that it costs a company approximately C(x) = 400,000 + 180x + 0.001x2 dollars to manufacture ...
A: Answer: Given, Cost function: Cx=400,000+180x+0.001x2 (a). To find the marginal cost function let us...
Q: You are HR di. ector for a growing law firm in Tampa, Florida, which cu."ently has need of writing 3...
A: We are considering hiring four paralegals to shoulder the load; each pa alegal is a bit slower than ...
Q: Nominal Year ČPI Real GDP GDP 1980 $2857.31 82.38 1981 $3207.04 90.93 1982 $3343.79 96.55 1983 $3634...
A: The measure that depicts the final values of goods and services being produced in an economy during ...
Q: (Figure: The Production Possibility Frontiers for Kansas and Wisconsin) Use Figure: The Production P...
A: A production–possibility frontier (PPF), production possibility curve (PPC), production possibility ...
Q: Compared to a system that uses money, the biggest disadvantage of a barter system is that... a. Comm...
A: Barter system of exchange was used in ancient times under which goods and services were exchanged fo...
Q: O False QUESTION 18 Buyer-seller relationships are typically more import O True O False QUESTION 19 ...
A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...
Q: What is land? What os the importance of land in our day to day life?
A:
Q: A columnist in the Wall Street Journal refers to “the fear that central banks are powerless to act w...
A: Conventional wisdom says that the policies of the central bank become ineffective when the short-ter...
Q: Suppose that GDP is $8 billion, taxes are $1.5 billion, private saving is $0.5 billion, and public ...
A: We have, GDP = Y = 8billion Taxes = T = $1.5 billion Private saving = $0.5 billion Public saving ...
Q: Sarah, Alicia, and Philip all lost their jobs when the technology start-up they worked for was acqui...
A: Concepts: Labor force: Labor force is consist of employed workers as well as unemployed workers who...
Q: Describe Weber’s Protestant ethic. Explain why Marxcould not have endorsed the relationship between ...
A: Weber’s Protestant ethic Weber claims in the book (The Protestant Ethic and the Spirit of Capitalism...
Q: Consider a town in which only two residents, Gilberto and Juanita, own wells that produce water safe...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: (20 points) Complete the following table: Quantity of Labor Total Output Marginal Product Average Pr...
A: Formulas: 1. Marginal output at n unit = Total output at n unit - Total output at n-1 unit 2. Averag...
Q: Demand for high-end purses in a town is given as P = 600 – 0.01Q², and supply is given as P = 100 + ...
A: Given information Demand function P=600-0.01Q2 Supply function P=100+0.04Q2
Q: what models have the best explanatory power and explain why? Sectoral model Electoral model Societal...
A: The regression model can be written as : Y = a + b X + e Where Y = Dependent variable a=...
Q: When a factory is operating at the level of output where its short-run average total cost is at its ...
A: The firm profit is maximized where the MR=MC. the firm optimal capacity depends on the ATC. Firm wil...
Q: Suppose you are interested in studying the effect of education on wages (controlling for IQ and pare...
A: wagei=β0+β1educi+β2IQi+β3ParInci+∈i Education (educ) = in years Weekly wages (wage) = in $ Intellige...
Q: Mays and McCovey are beer-brewing companies that operate in a duopoly (two-firm oligopoly). The dail...
A: [1] Monopoly gets the equilibrium point where MR = MC:-
Q: What is a SIF?
A: A SIF is a form of Security investment fund that can invest in a variety of assets. It normally qual...
Q: Suppose that changes in the bank regulations expand the availability of credit cards so that people ...
A: The source that allows individuals and entities for borrowing money against a line of credit is bein...
Q: e. Trade Representative: "In an open economy with international trade, government spending is much m...
A: The only difference between the open economy and closed economy is that the open economy make trade ...
Q: Use the following assumptions to solve this assignment: 1. There are three countries - Argentina, Br...
A: 1) It is given that each country has 60 hours and a country needs 2 barrels of crude oil. This impli...
Q: If a perfectly competitive market is in long-run equilibrium, then the market is: productively ef...
A: Perfect competitive firm is the one which contains a lot of sellers, each of which sells the same pr...
Q: 12. Prove, using Eq. (4-42), that the long-run supply curve of a competitive firm is more elastic th...
A: Introduction Long run supply curve is more elastic because we have enough time for doing adjustments...
Q: Relate Human Dignity in Science and Technology
A: Progressively, whether or not a few types of research, like human cloning, encroach on thoughts of h...
Q: A basket contains 1460 fruits. Using stratified sampling method, a sample of 150 fruits from each ty...
A: Given:Total sample size=150Total fruits (Entire population)=1460Total plums (Layer size)=584
Q: calculate the expenditure multiplier, if the marginal propensity to consume = .80, the tax rate = .2...
A:
Q: narket. arket. arket. arket.
A: The buying of stocks, or corporate or government bonds is a way to invest in the capital markets.
Q: Assume that household 1 and household 2 has the following demands for education (a private good) (in...
A: Price Qd1 (Household 1) Qd2 (Household 2) Total Qd(Qd1+Qd2) 36000 60 70 130 45000 42 58 ...
Q: Which of the following statements concerning long-run national saving is true?
A:
Q: Which of the following statements are false? (i) The absolute value of the price elasticity of deman...
A: The measure that depicts the change in quantity being demanded of a good with respect to change in t...
Q: 3. The effect of negative externalities on the optimal quantityof consumption Consider the market fo...
A: Answer: Given, External cost per unit = $385 per ton Now, Social cost = Private cost + External cost...
Q: Suppose individuals now believe that there will be an increase in the future expected interest rate....
A: An interest rate future is a financial derivative that allows exposure to changes in interest rates....
Q: A. What is the equilibrium wage for retail associates? How many associates are employed at the equil...
A: The quantity of labor that employers seek to hire at a given wage rate during a given span of time i...
Q: 2. Imports and Exports Now we allow for international trade. Use the following information from prob...
A: Given C=400+89DI ... (1) I=300 G=800 T=0.5Y X=300 M=19×Y .... (2)
Q: If a perfectly competitive firm decreases production from 11 units to 10 units and the market price ...
A: Revenue refers to the amount of money earned by the firms by selling the goods and services in the e...
Q: Suppose that nominal GDP was $8 trillion in 2040 in Bedrock. In 2050, nominal GDP was $10 trillion ...
A: Nominal GDP is inferred by increasing the present year amount yield by the present market cost.
Q: Question 4 A "deterioration of lending practices" occurs when: O lenders require larger down payment...
A: When borrowers are subjected to unfair, deceptive, or abusive loan terms, "predatory lending" is use...
Q: A man deposits Php 6,000 in a strange bank that promises 1.5% simple growth interest for 'w' years. ...
A: Given: Amount deposited=Php 6000 Simple interest growth=1.5%
Q: what is the relationship between wages and robbery?
A: Concept: Wages: In economics, wages refers to the price paid to the labor for the services rendered ...
Q: Categorize the terms based on whether they are used to calculate GDP based on the components of dema...
A: Demand-based GDP or Expenditure approach deals with money spent on goods and services within the geo...
Q: Instructions: Adjust the sliders so that the vertical intercept of the supply curve is $20 and the v...
A: In economics, supply and demand refers to the relationship between the quantity of a commodity that ...
Q: Fiat money has value because it... O a. Can be manufactured at will by the issuing government. O b. ...
A: In a wide sense, fiat money refers to any kind of money that has been declared legal currency by a g...
Q: Flow 1 Flow 2 A Flow 3 B Flow 4 Refer to the diagram. (There are a couple of lines missing. It shoul...
A: The correct option is A.
Q: 12. The U.S., Italy, and France are major trading partners. Referencing the table, use the gravity e...
A: Introduction As per the given table, U.S is a large and highly developed economy. And it has $14,999...
Q: The policies are other than tariffs which restrict the volume of international trade Such policies a...
A: Differentiate between an import subsidy and an export subsidy Import subsidy An import subsidy is g...
Q: Jerry spends $ 10 a month on pet dispensers and superman action figures. His marginal- utility-to-pr...
A: Money spent by Jerry = $10 Marginal utility to price ratio for pea dispenser = 40 Marginal utility t...
Q: Solve it correctly
A: Externality When some of the benefits or costs of producing or consuming a good or service fall on p...
Q: Derive and extensively discuss the equi-marginal principle. a. Two commodity case b. Three commodity...
A: Now suppose that there are two commodities that are x and y, the price of x is Px, and the price of ...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- How should an increase in inflation affect the interest rate on an adjustable-rate mortgage?Imagine the U.S. economy is in long-run equilibrium. Then suppose the value of the U.S. dollar increases. At the same time, people in the U.S. revise their expectations so that the expected price level falls. We would expect that in the short-run O the price level will rise, and real GDP might rise, fall, or stay the same. O real GDP will rise and the price level might rise, fall, or stay the same. O the price level will fall, and real GDP might rise, fall, or stay the same. O real GDP will fall and the price level might rise, fall, or stay the same.Shipping costs have increased dramatically in the past few months. This is a and tends to O negative supply shock, increase prices O positive supply shock, increase prices O negative demand shock, increase prices O positive supply shock, decrease prices
- If Aggregate Demand is at AD2, production will be high as possible. Can production stay at this level foever? Price Level Price Level GDP POTENTIAL AD₁ GDP POTENTIAL AS GDP MAX AD₁ AS GDP MAX AD2 GDP AD2 GDP Select one: O a. No, because eventually, higher aggregate demand will raise prices, and this will make some people less willing to do additional work Oc. All of these are true Od. Yes, because this is maximum production e. None of these are true O b. No, because eventually higher aggregate demand will cause prices to fall, and this will make producers decide to produce less10. Great Depression In 1939, with the U.S. economy not yet fully recovered from the Great Depression, President Roosevelt proclaimed that Thanksgiving would fall a week earlier than usual so that the shopping period before Christmas would be longer. Graph A Graph B LRAS Aggregate Supply Aggregate Demand Price Level LRAS Quantity of Output Price Level Aggregate Supply Aggregate Demand Quantity of OutputSuppose the Bank of Canada lowers its target for the overnight interest rate and longer-term interest rates in the market fall as a result. When this occurs, the commercial banks respond to in the demand for loans by.. O a An increase; selling government securities to the Bank of Canada in exchange for cash, with which they can extend new loans. An increase; borrowing cash from the Bank of Canada with which they can extend new loans. O c. An increase; buying government securities from the Bank of Canada, against which they can extend new loans. O d. A decrease; buying government securities from the Bank of Canada in exchange for cash, and calling in existing loans. O e. A decrease; selling government securities to the Bank of Canada and calling in existing loans.
- Startung trom keng run eaillium, itA suditen decrease en houtetd weath cnes a n AD thw coramy wiperience OA the same lee of pnces nd iower real GOP in the short run O higher pnces and lower real ODP the short. nn Oe. lower prles and lwe mal GOPhe shortrun a krwer ces and the same level of oDP n me shot runThe short run aggregate supply curve was constructed assuming that as the price of outputs increases, the puce of inputs stays the same. How would an increase in the prices of important inputs, like energy, affect aggregate supply?