You here a policy analyst say no individual should have less than a 10, 000 income in Cuba, decide whether this is a positive or normative statement, briefly explain your answer.

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A: Government purchases encompass any spending via way of means of federal, state, and nearby agencies,…

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A: Answer is given below

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A: In a letter or resume a name with signature is provided at the end as a sigh of completion.

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Q: For a monopolistic competitor: Choose correct and explain your choice a. P=MR. b. P>MR. c. P=MC.…

A: The answer is - b. P>MR

Q: Represent the following data by a suitable diagram: Items of Expenditure Family A (Income 500)…

A: Given  Items of expenditure Family A (income 300) Family B (income 300) Food 150 150 Clothing…

Q: An award is being established, and t will pay $11,200 every three years, with the fst instalment…

A: C = 11,200, r = 3%

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A: Given Demand equation:  p=D(x)=M-Nx                ..... (1) Supply equation:p=S(x)=15+0.1x+0.003x2…

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A: Monopolistic competition: - monopolistic market structure is the structure in which there is a large…

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A: Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly…

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A: Inflation refers to an increase in the price of goods and services in the economy.

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A:

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Q: For Group A the cost of attaining an educational level y is  CA(y) = $6,000y and for Group B the…

A: * SOLUTION :-  Given that ,  CA(y) = $6,000y CB(y) = $10,000y.   Employees will be offered $50,000…

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Q: Economics Part 1 O See Hint A firm produces output () using two inputs, labor (L) and capital (K),…

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A: Cost-effectiveness Cost-effectiveness is the method in economics that is to calculate the relation…

Q: Suppose the demand for oil is P=122Q 0.20 There are two oil producers who do not cooperate.…

A: Profit = Total Revenues - (Explicit Costs + Implicit Costs)

Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…

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A: Medium of exchange function of money depicts that money is used for the buying and selling of goods.…

Q: Hi, there. I need a clarification of question number 1, which choice is the best answer?

A: The supply curve will shift to the left whenever there is an increase in the cost of production.

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A: Demand and Supply  The quantity of a commodity that Buyers are willing to buy at various prices is…