Answer part (B)

Q: Elizabeth went on a fabulous vacation in May and racked up a lot of charges on her credit card. When…

A: Average Daily Balance = sum of (Daily balance * no. of days) / total number of days

Q: Capitalism can fail to improve peoples' standards of living whe- all answer options here are correct…

A: Capitalism is a type of economic system in which factors of productions are owned by owned by…

Q: Japan and the United States are major trading partners and the exchange rate between the Japanese…

A: An exchange rate is the value of one country's currency relative to another country's currency. It…

Q: Mr. Peabody's demand for preservation of a trout stream

A: The demand curve depicts the inverse relationship between a consumer's willingness to pay and the…

Q: chooses to devote all available hours (except those she has to sleep) to leisure during the week,…

A: 4) The government gives Anne a subsidy of $150, no matter how many hours she works. Even if she has…

Q: The graph below illustrates the demand curve for hammocks. As the price decreases, the demand curve…

A: Elasticity measures the change in quantity due to change in price.  Price elasticity is calculated…

Q: Problem 2 Joan has the following utility function: u(x, y) = 5x + 3y. (a) Find Jane's marshallian…

A: Let, the utility function be a perfect substitute. Hence, this will be- Let, the prices are  and…

Q: (a) A mining firm makes annual deposits of $500,000 into a reclamation fund for 30 years. If the…

A: Given  Annual deposits A= $500,000 Future amount F=20 million or $20,000,000 n =30 we have to find…

Q: Calculate for a) and b)

A: Answer: (a). Import is recorded on the debit side of the current account because money flows out of…

Q: A perfectly competitive fırm produces at an output level where marginal revenue is equal to marginal…

A: In a perfectly competitive market, Price is constant so it is equal to marginal revenue. At profit…

Q: (1) Suppose you are now operating your business in a town which has a very competitive taco catering…

A: Marginal revenue is the change in total revenue due to one additional change in output .

Q: d. Suppose that there is an increase in government spending of $50 billion and individuals spend 75%…

A: To find out the impact on the economy of a $50 billion increase in government spending, where an…

Q: 3. For all of the following questions, consider a situation with two states of the world in which…

A: (a) In the given scenario, there is a possibility of a loss in state 1 (the probability of state 1…

Q: Which of these do NOT comprise the psychological factors influencing consumer decision making?…

A: 1. Psychological Consequences Consumer behavior is heavily influenced by human psychology. These…

Q: SleazeCo manufacturers wind turbines (that produce electricity) for sale in Texas. They currently…

A: Given Information Demand curve of SleazeCo P = $350,000-5q Marginal Revenue function  MR = $350,000…

Q: What is the rule for maximizing profit for a competitive firm?

A: Since you have posted multiple questions we will provide answer for the first question as per our…

Q: Consider the graph, which depicts a single competitive firm hat wishes to maximize profits given its…

A: The perfectly competitive market decides the price and individual firm does not have control over…

Q: Ford 20k зок Chery: Enter or Not Chevy: Enter or Not price, Ford decides to Chevy's entry. we can…

A: The given game is a sequential two-player game. A sequential game is a type of game in game theory…

Q: In the pleasant city of Evanston there is only one butcher shop, Smithfield. It has the 'monopsony'…

A: According to the question, Revaluating the combinations of butchers that yield the highest profits,…

Q: Real GDP is O national income plus exports O national income minus exports O GDP divided by the…

A: Gross domestic product is the summation of a country's final goods and services. The increase in GDP…

Q: Question 2a (ii) What core principles should be considered in the snowboard company's decision…

A: As per the instruction given, Only 2a(ii) is answered.

Q: The most basic premise of the aggregate expenditures model is that Multiple Choice

A: Aggregate expenditure is prime driver of economic activities in the economy. A rise in the spending…

Q: Suppose you have $12,000 in your checking account. You withdrawl $500 cash from your account and…

A: Here we calculate the change in money supply , by using the given information so the calculation of…

Q: The "fractured land hypothesis" suggests that

A: Fractured Land Hypothesis is defined as a hypothesis which states that fractured physical geography…

Q: Question 2 Your marginal benefit from eating candy bars is shown in the table below: Marginal…

A: The difference between the overall benefit obtained and the quantity used is used to determine the…

Q: Suppose there are two bakers in town: Sarah and Amy. Sarah can bake 4 loaves of bread or 8 pies in…

A: Opportunity cost - "Opportunity cost refers to the benefit that is forgone by choosing one…

Q: d. Calculate the dollar value of the net gain to society from correcting the externality.

A: Externality refers to the spill over of costs or benefits to the third party. There is negative…

Q: Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure…

A: The quantity supplied by producers is 40 units after tax. The price they receive is $30.

Q: Suppose a firm in a perfectly competitive market faces the following total cost function TC = 100 +…

A: C. In the long-run, market will be in equilibrium when a firm will produce a quantity at which…

Q: Suppose you have been tasked with regulating a single monopoly firm that sells 50-pound bags of…

A: A monopoly is a market structure in which only one firm operates. In a monopoly structure, a single…

Q: Could you answer parts D-F please?

A: Nash equilibrium given to us that: Q*1 = (0.5a - c1)/1.5b Q*2 = (0.5a - c2)/1.5b

Q: specializes in labor market work. If they still need to each eat 3 meals per day (for a total of 6…

A: Comparative Advantage refers to the ability of an individual or a country to produce a particular…

Q: Pleased answer attached

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: (g) Set x₂ as the numeraire, i.e., assume P₁ = p and P₂ = 1. Write each consumer's budget line…

A: As mentioned in the question, only subparts G and H are solved.The distribution of resources and…

Q: (Fill in the 4 blanks. For numbers, use two decimal places when necessary.) There are 1,000…

A: In a PC market, a firm will producer at the point where its AR=MR, and that is its short-run…

Q: Summary of the Picture is needed

A: The World Trade Organization (WTO) is the only international organization associated with the…

Q: d. What is the change in total revenue for business travelers when the price increases to $500? $

A: The aggregate monetary value obtained by a firm within a designated timeframe through the sale of…

Q: Suppose the state government establishes a program to subsidize public transportation for commuters,…

A: The possible combinations of two commodities that might maximize the consumer's utility are analyzed…

Q: 160 Мarginal Factor Cost Ayddng 88 76 64 52 34 Marginal Revenue Product 16 30 60 80 100 120 140 160…

A: a. The wage rate is given to be $34 in the economy. From the given diagram, the quantity of loggers…

Q: please answer (i)(ii)

A: Before the Great Depression, the Classical Model was popular. It claims that the economy is very…

Q: please answer parts e, f, and g

A: Answer- "Thank you for submitting the questions. But, we are authorized to solve only three sub…

Q: A catering firm has a fixed cost of 800 units and a variable cost of 15 + 4Q per unit where Q…

A: Fixed costs refer to a firm's costs of production that are not dependent on the output, i.e., do not…