All of the following are fundamental concepts of economics EXCEPT O marginalism. O profit maximization. O the working of efficient markets. O opportunity cost.
Q: 16. Quantity (Banana) TU 1 2 3 4 5 6 15 19 24 29 26 20 Find a. MU & MU/Peso, Price-0.60 b. Graph MU…
A: Marginal utility, is, the extra fulfillment or advantage (utility) that a customer/consumer gets…
Q: Economic questions short answer Listthe main characteristics of the market system
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A: Balance of payment is the account that records the monetary transaction between two nations.…
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A: The law of demand holds that, all other things being equal (cetris peribus), the relationship…
Q: MMCM purchased an equipment which is going to be used by the students for their laboratory. To…
A: There are two annuities in above example - Annuity 1 : Annual Payment = 40000 Period = 5 Annuity 2…
Q: fer to Figure 9-1. Relative to the no-trade situation, trade with the rest of the world results in…
A: In monetary economics, the no-trade hypothesis expresses that if. markets are in a condition of…
Q: A piece of machinery can be bought for Php 10,000.00 cash, or for Php2,000.00 down and payments of…
A: If the machine is to be bought in cash there will be no interest. But if it is bought on installment…
Q: 3. Suppose that the production function of a country is given by Y=KaL¹-%, where 0<a<1, Y is output,…
A: Steady state is the state where investment equals depreciation, that is the rate of change of…
Q: In Session 2 you explored a simple Closed Leontief Exchange Model with five in- terdependent…
A: An input-output model is given by Leontief. This model refers that an economy is in equilibrium…
Q: Consumer surplus is defined as the area between below the Demand function and above the Supply…
A: Consumer surplus arises when market price is less than maximum price consumers are willing to pay.
Q: The selling price for hamburgers is $5.99, and the daily price-response function is: d(p) = 590 -…
A: The price-response function, [i.e. d(p)] determines the demand for item of a single seller as a…
Q: Consider an economy in which the consumption, investment and production functions are as follows. C…
A: The production function exhibits the relationship between the input and output. The resources…
Q: A debt of 'x' pesos, with an interest rate of 7% compounded annually will be retired at the end of…
A: A sinking fund refers to the creation of an account for keeping the money set aside to pay off a…
Q: Instructions: in parts a and b, round your answer to two decimal places. In part entering a negative…
A: Multiplier: A multiplier generally refers to an economic factor under which when increased or…
Q: 16. In the short run, the profit maximization for a firm in a perfectly competitive market would be:…
A: The market structure known as "perfect competition" refers to the one of a kind since it enables…
Q: This country only produces pancakes and bacon and this is the PPC. The opportunity cost of moving…
A: A schematic diagram of the various quantities of a product that a company or economy can create…
Q: An externality arises when a firm or person engages in an activity that affects the well-being of a…
A: The benefit or cost of an economic activity incurred on a third party who is not involved in the…
Q: A consumer has preferences over two goods represented by the utility function u(x1, x2) = x₁…
A: Utility function is given as: U(x1, x2) = x1 + 2x2
Q: Fred gathered data on the price and quantity demanded of chocolate over the course of a week. He…
A: A decent elasticity of demandt is a proportion of how delicate the amount requested is to its cost.…
Q: One isocost line can intercept an isoquant. Select one: O True O False
A: An isoquant refers to the locus of points showing all the technically efficient ways of combining…
Q: Assume we have two economies. Economy A has a level of GDP per capita of Ya(0) which is higher than…
A: Gross domestic product (GDP) per capita is a measure of a nation's economic output per person and is…
Q: Have the worldwide (globalization) demand for quality driven the concept of innovation and how has…
A: Innovation is the use of inventive methods. It presents new concepts and techniques for carrying out…
Q: Table 1 Disposable Income $50,000 Consumption $40,000 Disposable Income $20,000 Table 2 Use the…
A: According to the question, it is given that : Disposable Income ($) Consumption ($) Savings…
Q: An early freeze in California sours the lemon crop. Explain what happens to consumer surplus in the…
A: In microeconomic theory, consumer surplus is a key idea. The advantages that the consumer has as a…
Q: Find the present value, in pesos, of an annuity of P20,000 payable annually for 8 years, with the…
A: Given Annuity =P20,000 Rate of interest =10% The first payment is made after 5 years and then the…
Q: You are presented with the following break-even chart of GHI Company. They have budgeted sales of 75…
A: The breakeven condition or point is reached where the total revenue is equal to the total cost of…
Q: A one-year investment has quarterly returns of 2.0% in Q1, -15.6 % in Q2, 13.7% in Q3 and 9.1% in…
A: Here we will assume that the total investment is of $1 in the beginning of the year. Based on that…
Q: International economic cooperation: reasons for mergers and acquisitions.
A: mergers and acquisitions (M&As) have numerous potential benefits, which for the most part center…
Q: 2. Find the equivalent annual payment of the ff. obligations at 20% interest End-of-Year Payment 1…
A: Any sum of money subject to a rate of interest will grow over time. As a result, the time value of…
Q: The economy depicted in the graph is: a b C LRAS 7X PE d Price Level (P) Select an answer and…
A: In the graph, there is a gap between quantity of long run aggregate supply and short run aggregate…
Q: Suppose there are two goods, pizza and beverage. Suppose alp=5289, atp=911, alb=2508, atb=2172,…
A: The equilibrium wage is atp/alp + atb/alb. In this case, the equilibrium wage is atp/alp + atb/alb =…
Q: Fountain Precision Products (FPP) manufactures high-technology measurement systems. The systems are…
A: Learning rate refers to the change in average time consumption to produce a specific level of output…
Q: Khan lives in a world with two consumption goods x and y. Her utility function is U (x, y) = √x² +…
A: Utility Function U(x , y) = x2+y2 Budget Line pxx + pyy = Income $3x + $4y = $50
Q: Mr. Cruz borrowed P50,000.00 with interest at the rate of 15% payable annually. The debt will be…
A: Present value of annuity factor can be calculated using the following formula: r = interest rate n…
Q: Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or…
A: In this case, we have to find out the total cost curve for four forms of employment choices i.e.…
Q: Suppose that a small business sells 725 units of goods per month at $15 per unit. The unit cost of…
A: An economic profit or misfortune is the contrast between the income got from the offer of a result…
Q: 16. A U.S. corporate bond has a 10% coupon, payable semiannually. It is priced at par. What is its…
A: The maturity date is utilized to group bonds into three principal classes: present moment (one to…
Q: The total utility from consuming four units must equal the total utility from ingesting the fifth…
A: In economics, utility refers to the entire pleasure derived from the use of a good or service. In…
Q: How much must I invest today (September 21, 2022) to have P170,000 on January 4, 2024 at 2%…
A: Months between : 21 Sept 2022 To 4 Jan 2024 => 15 months 14 days = 15.5 months approx…
Q: The following graph shows the labor market in the fast-food industry in the fictional town of…
A: Supply and demand refers to the link between the quantity of an good or service that producers want…
Q: The total income earned by residents of an economy is known as O gross national product O private…
A: GDP refers to the money value of all final goods and services that are produced within the country…
Q: The blue line in the graph below is an example of.... X₂ x₁(P₁) x₁(P₁") x₁(P₁') A Demand Curve An…
A: According to the question, it is given that : An image is given with many curves in different…
Q: Mr. Padilla agrees to pay P1,300.00 at the end of each month for 20 years, in purchasing a house.…
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Q: er to Figure 9-4. Total surplus in this market after trade is a. B+C+D. b. A+B+C+D. C.A+B+C. d. A+B.…
A: Simply put, trade is a consensual exchange between two parties who are in need of each other's…
Q: 3. "For any good or service, the revenue-maximizing price (not the profit-maximizing price) can be…
A: All monies received by a company are referred to as "revenue," while "profit" is the amount left…
Q: What interest rate is applied if P34000 becomes P87200 in 300 days?
A: Given, Amount + Principal = A+P= 87200 P = 34000 Interest = A-P = 53200 Time = t = 300 days or…
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A: When talking about econometrics, it can be said that it is the significant part of economics that is…
Q: Which of the following production bundles would be considered efficient? P-cakes 60 a b 50 C 44 40…
A: Here, the given graphs shows the production possibility curve with two goods as Pancakes and Bacon.
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- Suppose Alphonsos town raises the price of bus tickets from 0.50 to 1 and file price of burgers rises from 2 to 4. Why is file opportunity cost of bus tickets unchanged? Suppose Alphonsns weekly spending money increases from 10 to 20. How is his budget constraint affected from all three changes? Explain.What assumptions about the economy must he true for the invisible hand to work? To what extent are those assumptions valid in line real world?What is the difference between microeconomics and macroeconomics?
- Would an op-ed piece in a newspaper urging the adoption of a particular economic policy be a positive or normative statement?Would a research study on the effects of soft drink consumption on childrens cognitive development he a positive or normative statement?Area of original paper 3.1.1 Complete the table above. lal paper change as htandia fokcs oto dsfterent laalves? wa the or th glain your anawer Describe he kind of relationahip between the ares of the original paper and the aumber of folds. 3.1.3 4. Mr Majola owns a shop where he repairs household appliances. He woulid like to buy a cell phone so that he can contact his customers after their work is done. Two different cell phone providers forwarded quotes to him upon request. Cell phone provider SAVE MORE quoted R80 per month and R2,50 per minute. Cell phone provider CASH IN quoted R100,00 per month and R2,00 per minute. Look at the incomplete table below: Airtime in minutes: t 10 20 30 40 50 60 SAVE MORE'S cost in rands: CM 80 105 130 155 Ass 380530 CASH IN'S cost in rands: Ca 120 140 160 240 340 460 100 4.1 What does the table above show? 4.2 Write down the symbol which represents the independent variable. 4.3 Where does the value 80 in row 2 come from? 4.4 Explain the situation if…
- Figure 1 The production possibility frontier ABCDE is a production possibility frontier. It shows the different combinations of goods which can be produced if all resources are fully and efficiently utilised. The economy can produce at any point on the line. It cannot produce at G because the PPF shows the maximum that can be produced. It can produce within the PPF,05 such as at F, but less will be produced than the maximum possible. Non-manufactured goods 50 40 30 20 10 0 A 10 B Ti C 20 30 Manufactured goods G D E 40mod/quiz/attempt.phptattempt=1361376&cmid-7052138page-13 E-learning System (Academic) inciples of Macroeconomics || Fall20 uestion 14 Blu-ray disc players, iPhones, and hybrid cars are generally considered to be Not yet spoob inswered Select one: Marked out of O a. intermediate 1.00 O b. service Flag question O c durable O d. nondurable Previous page Time let uiz navigation 6 Type here to searchnvellu Xl.com/Student/PlayerHomework.aspx?homeworkld=611294898&questionld=8&flushed%3Dfalse ITMG 1B Econ 2100 Homework: Basics ... Question 8, 1.1 Question... HW Scor > O Point: nic The problem of scarcity O A. can be solved in a market economy. O B. exists because the unlimited human wants cannot be satisfied with limited resources. O C. would disappear if there were no market failures. O D. exists because the limited human wants cannot be satisfied with available resources. O E. always results in shortages of some goods.
- Wendy Be Help ell me what you want to do ー t ▼ 스▼tt ▼ TNorm allTNo Spac Heading 1 Heading 2 Title Subtitle Subtle Em Emphasis Intense E Paragraph Styles the opportunity cost of any decision that you make involves giving up something. I would like you to evaluate your opportunity cost of taking this course at Kean University. What opportunities may be afforded to you after you have completed your educational endeavor at KU? What will you have to give up now to accomplish your short and long-term goals? Being a full time online studentPls help with this mulitple choice question, I will upvote you..of 20) - Goog e Chrome oho?attempt-18127038.cmid3D8792928pa NG SYSTEM (ACADEMIC) ples of Microeconomics Spring21 Time left 0:18:1 Which of the following statements is FALSE? O a. The maximum price people are willing to pay for one more unit of a good is its value. O b. Agood's marginal benefit is the maximum price people are willing to pay for another unit. O c. The value of one more unit of a good is the good's marginal benefit. O d. None of the above because all the statements are true. NEXT PAGE e to search Address DELL