1. How is the preparation of a family budget an exercise in dealing with SCARCITY? What adjustments do you think you parents would make if your family income decreased by 25 percent?

Q: Practice Haddie makes and sells knit scarves. N she will pay a $25 fee for the use of a at a craft…

A: Profit is the difference between total revenue and total cost.  Total revenue is the product of…

Q: The table shows a private open economy. All figures are in billions of dollars. Real GDP C+ lg Net…

A: The real GDP refers to the total goods and services produced in an economy in a given fiscal…

Q: GST was first introduced in which country ?

A: GST was introduced in many countries to reduce the tax evasion.

Q: I also need help with C and D

A: The advertisement cost is a sunk cost, and this is exceptionally prominent in the oligopoly market.…

Q: How was TVC calculated?

A: TVC is total variable cost in a cost structure of a model. Total variable cost is showing the…

Q: definition of products, goods and services

A: TO understand the definition of these terms, we need to understand that goods and products are used…

Q: What does the total revenue represent?a

A: The income generated from normal commercial activities can be demarcated as revenue.

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: What is transport infrastructure

A: Infrastructure is organisational structure which is required for the societal operation.

Q: What is GST in Canada? How does it works? and it's Importance?

A: The Goods and Services Tax (GST) in Canada is a value-added tax introduced by the federal government…

Q: What about 2& 3?

A: In an economy, an individual will make his consumption decision based on his preferences and that…

Q: Renting would be better than buying for an individual who does not want to need to pay for…

A: Renting - Renting is the amount paid for using the property and this use can be for personal…

Q: allon) $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 D i. 300 400 500 600 700 800 Quantity of Gasoline…

A: Disclaimer :- since you asked multipart questions we are solving first 3 subparts as per given…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: How any coffee shop could be CSR?

A: Corporate social responsibility (CSR) refers to a kind of worldwide private corporate…

Q: What are the two kinds of Indian budget?

A: Introduction - The French word "bougettee," from which the English word "budget" is derived, refers…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: You have 5 kids and work 2 jobs to help support your family. You work a day job from 8:00 am to 4:00…

A: Production possibility frontier is a graphical representation that shows different possible outcomes…

Q: Typed plz and asap I want quality solution take care of plagiarism

A: The objective of this question is to understand how to calculate the inflation rate, which is a…

Q: where did 118.8 come from?

A: There is a slight mistake in the solution as per the solution given by the expert

Q: how did u get 0.92Y in the brackets ?

A: IS Curve: IS Curve shows different combination of the interest rate and the income level such at…

Q: how  you know what c value to look a

A: A strategy is said to be dominating when choosing it provides better payoffs independent of the…

Q: Which type of graph will be suitable for representing the above sales revenue by regions

A: Bar Chart is generally used to compare the data set on multiple parameters. As the data given covers…