34. PP’ shifts rightwards to P,P,. It shows: Good Y (a) Improvement in technology in good X P1 A' A B' B (b) Improvement in technology in good Y (c) Improvement in technology in both good X and good Y P' Pi Good (d) Stagnation

Q: ustry. The demand curve for stophemes is given by p = 6,600 - 5q. h firm has one manufacturing plant…

A: Under cartel arrangement firms will act as a monopoly.

Q: When price rises from $10 to $15, the quantity demanded decreases from 100 to 70. Calculate the…

A: Price elasticity of Demand shows that the change in demand due to change in quantity , we calculate…

Q: Average Fixed Average Average Total Total Product Cost Variable Cost Cost Marginal Cost $ 25.00 1 $…

A: There are many firms in purely competitive market. All the firms produce identical goods so buyers…

Q: Which of the following restrictions on international trade sets a maximum allowable amount of a…

A: There are many trade and nontrade barriers. A Tariff is a type of trade restriction imposed on the…

Q: Is this game dominance solvable? Why? Why not? If it is, please find the Nash equilibrium obtained…

A:

Q: Joe hae $49 to mpend on apples and oranges. Given the informaion in the following table, is Joe…

A: wants satisfy power of commodity is utility here we calculate marginal and total utility as follow-

Q: In 2020, the Oakland Raiders moved to Las Vegas. As part of the arrangement, the city agreed to…

A: Building a stadium can not be evaluated only based on how much revenue it will generate. It has…

Q: Qd = 2,100 - 125P Qs = 600 + 175P,

A:

Q: Is ketchup a final good or intermediate good?

A: # A good is reffered to be as a final good if it is the end product and is finally going to be…

Q: 10 100 200 300 400 500 600 Quantity demanded (per day) (Figure: The Demand for Shirts) Use Figure:…

A: Total revenue is the income received by seller by selling total number of product at level of price…

Q: Suppose there is a country importing tires. The government of that country imposes a tariff on…

A: A tariff basically refers to a charge levied by one nation on products and services imported from…

Q: A Person has two options. Either to visit College and complete his degree. or to work in a part time…

A: An opportunity cost is the indirect cost that is also considered as the income that is foregone due…

Q: usic compact discs if musicians royalties, compact disc players become cheaper, more firms start…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: Marginal product curve, mathematically is the slope of which curve?

A: # Marginal product is referred to be as the change in total inputs used divided by the change in…

Q: Suppose the market shares of Cola-Cola, Pepsi, Anheuser-Busch, Coors, and Miller were 40 percent, 25…

A: # Concentration ratio in a market can be computed by emphasizing on the top 4 big firm's.  We just…

Q: What are the firm's average total costs at an output of 10 pizzas? $12 O $100 $10 $120

A: Average total cost is the per cost of the goods and services so here we can choose the correct…

Q: a) If the saving function is given by S° = 0.03Y^2 2Y + 150 Calculate the values of marginal…

A: The income of the consumer is split between consumption and saving. The consumption is the…

Q: ex pice might change in areas facing population growth

A: To find : How equilibrium price for air travel might change in areas facing population growth.

Q: In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe.…

A: Here we calculate the future amount by using the formula which are as follow-

Q: Q.10. Calculate Primary deficit Items (7 in crore) (i) Fiscaldeficit 9000 (ii) Interest payments by…

A: # primary deficit is defined as the difference between fiscal deficit and interest payments of the…

Q: Average Fixed Average Average Total Total Product Cost Variable Cost Cost Marginal Cost $ 25.00 1 $…

A: Question first:The firm producer at MC=P if P>AVCP=68.10, MC=68.07 then AVC=33 so the firm…

Q: Which of the following is true (M = Money supply, cu = currency - deposit ratio, res = reserve -…

A: The money multiplier formula is given by: (1+cu)/(cu+res)

Q: For a consumer, her demand for one of the products is given by x1 = 0.05m-4p. Her income is $420 and…

A:

Q: 4. TRUE or FALSE. If the statement is true provide a justification. If the statement is false…

A: A strategy profile refers to a set of strategies for all players such that it specifies all actions…

Q: Farmer Jones grows oranges in Florida. Suppose the market for oranges is perfectly competitive and…

A: we can fill the table by calculating the TR , MR , AR  which are as follow-

Q: Supply Price $80 $40 320 Quantity Supplied Producer surplus in the figure above is equal to (market…

A: Given market price = 80 $ Quantity traded = 320 units Minimum price of supplier = 40

Q: Suppose all wages, salaries, welfare benefits, and other sources of income were indexed to…

A: Inflation is unexpected, the rising general price index within the economy might cause panic as…

Q: The Code argued that "the law of nations and of nature" had never recognized slavery and knew "no…

A: If we consider the American economy then there is so much discrimination happened on the basis of…

Q: 1) What is the difference between perfect competition and monopolistic competition? A) Perfect…

A: # Perfect competition is a market structure with large numbers of buyers and sellers, homogenous…

Q: What would be the shape ofthe demand curve so that the total revenue curve is a) A positively sloped…

A:

Q: The tax multiplier is always more effective in stimulating the economy than government multiplier…

A: In Keynesian economics, it is assumed that changes in aggregate demand in the economy are able to…

Q: A factory that you are managing has an hourly production process that can be represented by the…

A: Answer -

Q: Currently, a monopolist's profit-maximizing output is 200 units per week. It sells its output at a…

A: here we solve the following as follow-

Q: The treadmill market is a competitive industry with long-run economic costs. Provided the following…

A: Perfect competition is a marketplace structure that includes many dealers promoting merchandise with…

Q: # When Marginal propensity to consume is 0 then the value of investment multiplier will also be 0.…

A: The economics as a study is based upon the decision making phenomenon where the entities in the…

Q: if y=10k0.5 and current k is 100, depreciation is 10%, population growth is 2%, then for income per…

A: Depreciation rate (d) = 10% Population growth rate (n) = 2% Let's assume saving rate is 's'…

Q: For each of the following insurance plan designs, use a supply and demand graph to show how it would…

A: Insurance Insurance is a contract in which a person or organization gets financial protection or…

Q: 8. Use the information in the table below to answer the following questions. Unit labor requirement…

A: Absolute advantage is the ability of an country to  produce a greater quantity of a…

Q: (3) The French Government runs a budget deficit and finances it by borrowing $20 billion. Use the…

A: Loanable fund market shows the demand and supply factors affecting the funds availability in the…

Q: When a Central Bank takes action to decrease the money supply and increase the interest rate, it is…

A: The central bank is responsible for controlling and regulating the supply of money in an economy by…

Q: A sub-optimal employment policy is indicated if the marginal product of a costly input is: a.…

A: The effectiveness of the employment policy is indicated by the marginal product of the input.

Q: When Argentina experiences a period of high inflation and Argentineans lose confidence in their peso…

A: Inflation is the fluctuations in the general price in the domestic markets of a country, which…

Q: Given the C = 300 + 0.7Y and the Y = 3000 find %3D the level of the consumption.

A:

Q: Find the elasticity of demand at price p = 20 given the demand function q = 120 – 4P where stands…

A:

Q: Consider the market for purple potatoes below and assume that a price ceiling of $30 is imposed by…

A: Price ceiling create a deadweight loss in market so here we can calculate and choose correct option…

Q: All Numbers are in S Billion Output Consumption Income Spending Net Taxes 100 Investment Government…

A: In an economy, unplanned inventory refers to the amount of output gap between the actual output and…