Q: When does the opportunity cost of holding money rise? O a. When income falls O b. When interest rate...
A: Opportunity cost is the value of the next best alternative/option which is forgone.
Q: Suppose market demand for oil is Q(P) = 100 – 0. 75P where Q is billions of barrels (BBL)or oil per ...
A: Yearly Market Demand : Q = 100 - 0.75 P => P = 133.33 - 1.33 Q Marginal Cost = 7Q2 - 3Q + 6 To...
Q: Global communications in the information age O 0. Connect populations living at distance from home c...
A: The sharing and development of information through nonverbal and verbal messages in international se...
Q: Banks extend many fixed-rate loans. Why? A farmer buys machinery with a fixed - rate loan to be repa...
A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...
Q: The money stock does not include demand deposits bank notes and coins O gold held by households trav...
A: Money stock is the monetary base. Money is used to buy goods and services.
Q: Use the following information to determine the optimal decisions. Inverse Demand: P = 115 - 0.05Q MR...
A: For a monopoly, Marginal revenue lies s below the demand curve. A firm has to do lower price in orde...
Q: 1 The inverse demand to cross a river is given by P = 8 − Q, where P is the asking price for a passa...
A: The inverse demand curve shows that the price and quantity demanded move in opposite directions. The...
Q: An economy is characterized by the following relations: Y = F(K,AL) = Kª(AL)1-a : Production functio...
A: Since the question you have posted consists of multiple parts, we will answer the first three parts ...
Q: Analyze the given news below and explain the concept of inflation using the data presented, i.e food...
A: Inflation is defined as the rate of increase in the prices of goods for a particular time period.
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A: IPAT:- IPAT stands for the model equation which connects environmental outcomes to 3 cause component...
Q: . Marginal revenue will be negative if elasticity of demand is
A: To find : What will be elasticity of demand for marginal revenue to be negative.
Q: Consider the lottery that assigns a probability r of obtaining a level of consumption CH and a proba...
A: Certainty Equivalent is defined as a return that is guaranteed that an individual would accept now, ...
Q: Public Goods. Suppose a neighborhood in Segovia’s central business area is deciding how many founta...
A: Public goods are such goods that are non-rival and non-excludable in nature.
Q: Problem 3. 3a. In the Newsvendor problem that we discussed in the lectures, if the cost of excess ...
A: Problem 3 3a) Its answer is true In the newsvendor problem if the holding cost increases then the cr...
Q: B. Under market condition, firms make normal profits in the long run.
A: To find : Under which market firm make profit in long run.
Q: A profit-maximizing monopolist finds that if it remains open, the best output is 50 a week, but at t...
A: For each production level, a monopolist must shut down whenever price (average revenue) is less than...
Q: Cumulative 100% percentage of income - Niger 90% 80% ---Argentina 70% 60% 50% 40% 30% 20% 10% 0% 0% ...
A: The straight diagonal line is the line of equality as it divides the box into two equal parts. So if...
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A: Budget refers to the process of making a detailed plan for distribution of funds and resources over ...
Q: Which of the following is not a continuous variable? Time to complete this question. Interest rate. ...
A: Continuos variable can take any value in a particular interval. Example; Weight of students in class...
Q: If a good is a luxury, its income elasticity of demand is
A: To find : What will be income elasticity of demand.
Q: 59. Lis is an implicit cost of production
A: To find : Which is implicit cost of production.
Q: Refer to the figure at right. Which of the following changes causes the move from A to B? A. The pri...
A: • The movement from point A to point B appears to be a direct outcome of the cost change, as shown i...
Q: Productivity is measured as The dollar value of a worker’s hour of work. An increase in the GDP of...
A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...
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A: Financing decisions allude to the choices that organizations need to take in regards to what extent ...
Q: Refer to the money demand curve. Given the money demand curve, Mp, an increase in the quantity of mo...
A: Money demand shows an inverse relationship between interested and quantity of money.
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A: The indirect benefit or cost being caused to third parties mainly arising due to the effect of activ...
Q: Discuss it objectively
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A: We are given two countries Australia and New Zealand. Both countries produce and consume two goods i...
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A: The elasticity of supply is defined as the responsiveness of the quantity supplied to a change in th...
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A: Increasing the interest rate would only attract customers who are willing to invest and like to incr...
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A: There are two primary plans of action in the aircraft business: conventional Full-Service Carriers (...
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A: 1. In terms of the result, Crandall is essentially offering to Putnam a positive-sum game, in which ...
Q: certain percentage of it. That amount recirculates through the economy and adds additional income, w...
A: A tax is a required expense or monetary charge demanded by any administration on an individual or an...
Q: Exercise 2 Utility 1. Muhammad derives utility from only two goods, curry (Qc) and drinks (Qd). Muha...
A: The information given is:- We have two goods:- Curry - Qc Drinks - Qd Income of Muhammad = RM240 P...
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A: The idea of convergence in economics (also known as the catch-up effect) is the hypothesis that poor...
Q: Christ Embassy Complete the hollowing coA schedules LoutPutTodalcostlAverage coA Marginal cost LCA C...
A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: If one Canadian dollar buys US$0.85, and one Euro buys US$1.20, then one Euro should buy O a. C$1.02...
A: Given CAD/USD rate = 0.85 $ EUR/USD rate = 1.20 $
Q: Which of the following bodies finalizes the Five Year Plan Proposals?
A: To find : Which finalize 5 year plan.
Q: currently, the federal minimum wage is set at $7.25 per hour. a survey conducted bynewsweekmagazine ...
A: A lowest wages permitted by law is the most minimal compensation that businesses can lawfully follow...
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A: Political parties make the majority to rule. It binds together different groups of people.
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A: Market for loanable funds determines equilibrium interest rate where demand for loanable funds is eq...
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A: The Central bank purchases and sells government securities in the open market in order to change the...
Q: Why culture Ma
A: Culture is the entirety of our way of life and character. Initially is can be said that, culture is ...
Q: Determine the exact and ordinary simple interests on ₱1,200 for the period from January 16 to Novemb...
A: Given: The principal amount is = ₱1,200 The time period is between = January 16 to November 26, 1992...
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A: Invisible hand, allegory, presented by the eighteenth century Scottish rationalist and business anal...
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A: This statement is true.
Q: Consider the market for trees in a public park. These trees are a public good that give benefits to ...
A: a. Without the involvement of the Government, each group will set their marginal willingness to pay ...
Q: 1. What are the advantages and disadvantages of collusion ? 2. In a stackelberg game, what is the...
A: 1. Collusion is the tacit cooperation or agreement of two or more people to deceive others in order ...
Q: Suppose that the "wage distribution" in the economy improves: for the same level of the wage, a high...
A: The wage distribution in the economy improves. Wage offer received by workers is increased but the r...
Q: 39. At the point of satiety, marginal utility is
A: To find : What is marginal utility at point of satiety.
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- Examine the meaning of the word "free" in "free trade" what is free about it? who is it free for? does free trade restrict any freedoms? who does it benefit?(1) Specialization increases productivity which results in a De creasing revenue increasing b с d. asing marginal retums increasing opportunity increasing costs marginal output.Explain the two main categories of gains from trade which are 1. gains from exchange and 2. Gains from specialization. Use appropriate diagrams to explain.
- 1.Which of the following resources is the most rival? A- A music concert at a city park. B-A full moon. C-An interstate highway D-A zoo. E-The labor of a hair stylist 2.Which of the following is considered a basic economic question? A-What are the most advantageous terms of trade? B-When does marginal cost equal marginal benefit? C-Which economy enjoys a lower opportunity cost for this good? D-What is essential knowledge to pass on to the next generation? E-What goods and services should be produced?22. If two persons are trading in two different categories, he would get best output from one and a little less from the other, this process is known as: a. Specialization b. Comparative advantage C. Gains from trade O d. Comparative disadvantage1.Using the concept of free trade and the 3 free trade theories discussed in the class materials, explain the difference between absolute advantage and comparative advantage. Explain the difference between free trade and fair trade. Provide an example of your own household or work experience.
- 1. Understand the relationship of capitalism and popular cultureProblem 1 Assume a Ricardian-type global economy Good X Good Y Country A Country B 2 5 where each number in the table is output per laber bour in each country. The trade oxquilibrium price of good X is 1.2 units of good Y. All markets are under perfect competition 1. In country A, does the condition of pm me holds for good X under her trade? 2. In country A, does the condition of p me hold for good Yunder free trade?1. Define absolute and comparative advantage and explain the difference between the two concepts. 2. Describe free and fair trade and how they are different. Provide a detailed answer with relevant examples .
- with explanations pleaseee 1. In free trade a country will not trade if A. Autarky prices and free trade prices are the same. B. Autarky prices are larger than free trade prices. C. Autarky prices are smaller than free trade prices. D. The absolute value of autarky prices are negatively correlated with free trade prices. 2. The reason why the most efficient firms in a Melitz industry make greater profits under free trade is due to the fact that they A. Operate under increasing marginal costs. B. Operate under FDI. C. Operate under low transport costs. D. Operate under increasing returns to scale. 3. In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit. 4. In a Mixed Specific…4) Partial (incomplete) specialization might result due to a. Non-restricted trade b. Constant opportunity cost c. Decreasing opportunity cost d. Increasing opportunity cost8) Which trade theory contends that a country that initially develops and exports a new product may eventually become an importer of it and may no longer manufacture the product? a. Product life cycle theory b. Economies of scale theory c. Theory of overlapping demands d. Theory of factor endowments 8