1. Where do earthquakes happen, and where are volcanoes and mountain ranges formed?

Q: If the production of wheat increases from point B to point A, what is the opportunity cost in…

A: The PPF is also referred to as the production possibility curve (PPC). It is a key economic concept…

Q: The North American Free Trade Agreement (NAFTA) has developed a) b) c) d) a decrease in trade among…

A: The United States, Canada, and Mexico joined together to form a trading bloc in North America under…

Q: Suppose the market demand for ethanol is Q=60-10P and market supply of ethanol is Q=20+10P. If the…

A: Demand is the desire backed by the willingness and ability to pay by an individual or a consumer.…

Q: In 2 Paragraphs explain how wants/needs connect to scarcity, which connects to the factors of…

A: Scarcity refers to the essential economic problem, the gap between limited – that's, scarce –…

Q: 9. There are two methods of showing the profit-maximising position for a firm. The first uses total…

A: Total Revenue refers to the total amount of goods and services sold. it is calculated as…

Q: U=8 (9₁)05. +92. what are his demand functions for the two goods? Let the price of q, be p₁. let the…

A: The demand function is a mathematical representation that illustrates the connection between…

Q: Generalized Matching Pennies: Two players choose a number between 1 and 3. If the players choose the…

A: In the game of matching pennies, each player chooses a number between 1 and 3. If the players choose…

Q: pls

A: We have to derive the price of cable TV .

Q: Hannah Byers and Kathleen Taylor are considering the possibility of teaching swimming to kids during…

A: Cost of renting pool = 1700 other fees = 7 per pupil additional cost for assistance = 5 per student…

Q: Determine first-year MACRS depreciation for the device if it fits in the 7-year life category.…

A: In 1986 Modified Accelerated Cost Recovery System (MACRS) was introduced; and 7 year life category…

Q: In January 2021, many New York City teachers did not have a full-time teaching assignment. By early…

A: According to the Bureau of Labor Statistics, someone is considered to be unemployed if they are not…

Q: Draw the following isoquants: a. In the production of exams, two computers and one person can turn…

A: In the field of economics, an isoquant is a curve that, when plotted on a graph, displays all of the…

Q: 2. Given below are data for 2018 and 2010. Answer based only on the information given. a. Are…

A: CPI is the consumer price index. This shows the change in the price level as compared to the base…

Q: Pls answer fast Dont take time

A: Here is your required answer please give me helpful rating. Thank you!Explanation:Solution:-  Demand…

Q: Ten years ago, I purchased a bond for $1,350. This bond has a 25-year maturity, a $1,000 par value,…

A: Formula for calculating the current market price of a bond is given below: P=F1+λmn-Cλ1-11+λmnwhere…

Q: Consumption smoothing emphasizes the need to O maximizing consumption. O promote price stability and…

A: Consumption Organizational units absorb goods or services through the activity of consuming, which…

Q: a. Calculate the value of X in this economy. b. If spending growth were 15% in this economy, what…

A: The quantity theory of money provides description on how price changes in relation to the supply of…

Q: Question 5. Suppose there are two consumers, A and B, and two goods, X and Y. Consumer A is given an…

A:

Q: 1) Consider the follows Projects: If MARR= 17%. Recommend the best choice based upon ROR analysis: C…

A: Given Cash flow   Cash flow Year Project A Project B Project C Project D 0 -500 -1000 -800…

Q: What lump sum of money must be deposited in a bank account at present time so that Php 500 per…

A: The amount of cash which in the event that contributed now at a given pace of accruing funds will…

Q: Based on the information presented below, what is the equation representing the consumption for this…

A: General form of the consumption function is given as: C = C0 + cY { C0 : autonomous consumption, c :…

Q: Question 1 In the Malthusian model, suppose that there is a technological advance that reduces death…

A: The exponential population growth and arithmetic increase in the food supply are two concepts in the…

Q: Commodity Y 30 25 20 15 10 5 O O 2.5 5 Indifference Curv What will be the Marginal Rate commodity…

A: The marginal rate of substitution refers to rate at which one good is given up to get one additional…

Q: good 1 good 2 country A 1 2 country B 8 40 For which good does country A have a comparative…

A: Meaning of Comparative Advantage: The term comparative advantage for any economy arises when a…

Q: If the demand function for a product is p = D (q) = 45 – 0.18q² and the supply function is p = S (q)…

A: Given: Demand function P = D(q) = 45 - 0.18q2 Supply function P = S(q) = 0.12q2 + 1.5q

Q: 1. Let F(K, AN) denote a production function that satisfies constant returns to scale. For an…

A: Given production function Y=f(K,AN) Labor augmented production function Y--- output K--- capital…

Q: Suppose a firm has an average cost function given by AC = 20q - 10+ Determine the output that will…

A: Cost function determines the functional relationship among the cost and output. Average cost (AC)…

Q: Question 1: Given the following information: Price of good x (RM) Quantity demanded for Quantity…

A: Formula for price elasticity of demand is: Ed=Q2-Q1Q2+Q12P2-P1P2+P12 Formula for cross price…

Q: Table Quantity Marginal Utility 1 20 2 15 3 10 4 6. -5

A: Total utility = MU1 + Mu2

Q: The Parsonss have decided to invest in a college fund for their young son. They invested $40,000 in…

A: Given that, Invested Amount = $40,000 Interest rate = 3% (Compounded Monthly. n=12) Time Period = 15…

Q: Refer to the figure below, which shows the market for a specific good. What will be the result if…

A: Market dynamics involve the fluid interplay between supply and demand, pricing variations, and…

Q: Complete the following table by matching each of the scenarios to the concept of resale price…

A: Pricing Strategies The way with which a seller can gain maximum profits through his pricing…

Q: Each firm in a competitive market has a cost function of C=10q-4q²+q²³. There are an unlimited…

A: In the long run, a firm accomplishes equilibrium when it changes its plant/s to produce output at…

Q: Table: Supply Curve In the table, which supply curve is most price elastic over the range of prices…

A: Elasticity is a measure of responsiveness of the quantity supplied to the change in price.If the…

Q: Consider the polar case where the supply curve is perfectly elastic. Use the line drawing tool to…

A: The supply curve is perfectly elastic. Elasticity is defined as the responsiveness of the quantity…

Q: What is the private cost at the market efficient quantity? O O 30 40 50 70

A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…

Q: Bicycles 14 A 12 10 8 6 4 2 0 B 2 4 C D E 8 10 6 Computers Refer to the diagram. If society is…

A: PPC stands for Production Possibility Curve, also known as the Production…

Q: production function when K is fixed at 6000 units. Recall that 9 = 0.02KL0.5 and r = .05 and w = 45.…

A: Production and cost function: The production function determines all the input bundles that produce…

Q: A monopolist faces the following inverse demand curve: P 27-1.5Q. Determine the firms Marginal…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…