Compare and contrast time and place utility, and explain how they contribute to the value of products. What is the importance of time and place utility in our global economy?

Q: Meaning of economic

A: Like the other social sciences, Economics also involves the study of human interactions with each…

Q: When managing time, consumers should consider time as if it were: (a) money or a scare resource (b)…

A: Having a resource that is scarce, including money and also time, is something that will be of…

Q: Inflation Unemployment If the Phillip curve shows that unemployment is low and inflation is high in…

A: Philips curve is a curve that shows inverse relationship between unemployment and inflation. If…

Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…

A: d. Fill in the blanks in column 5 of the table by computing marginal cost.   Labour output TFC…

Q: Last year Bob purchased a plane ticket for $300. He was unable to take the trip so he received a…

A: Explicit cost is the is the actual money expenditure on inputs or payments made to outside for…

Q: Coping Labour Market with Digital Transformation continue from the front page

A: Digital transformation is the new key to change. Transformation and technology are working together.…

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A: Government has two alternatives to deal with contamination -# Municipal Treatment Plant :  Initial…

Q: Name any two types of consumption goods with examples

A: Those goods which have the tendency to satisfy the wants of the consumer are said to be as Consumer…

Q: Industry demand is given by P = 200 – .4Q. The long-run industry costs are such that: LAC = LMC =…

A: Answer -

Q: Saving equals Group of answer choices Y - C. Y - I. Inventory changes. Y - G

A: The fraction of money left over after paying for current expenses is what is saved. In other words,…

Q: As you look at your available resources, what is one SNHU resource/amenity that you can draw upon to…

A: Resources available at SNHU for reaching intentional goals: An academic advisor is assigned for…

Q: 2-) Please show the effect of an increase in saving rate and population growth rate in an economy by…

A: Let answer this question in two parts that how saving rate affect saving affect the economic growth…

Q: 5. Suppose that Inflation and Unemployment interaction is modeled by p=a-T-BU + gn dл dt du dt -=j…

A: Given: p = a − T − ßU + gπ dπ/dt = j(p − π) dU/dt = −k(m − p) g = 1, j = 1, ß = 1, k = 5, m = 1

Q: A natural spring runs under land owned by ten people. Each person has the right to sink a well and…

A: The marginal cost refers to the additional cost of production incurred due to additional production.…

Q: Suppose that a firm is selling a good with a marginal cost of $35. Management estimates demand…

A:

Q: en pieces of lemon can produce (1)/(4) cup of juice. How much lemon juice could you expect to obtain…

A: 10 Lemon produce = 1/4 juice A box of lemon contains 85 lemons

Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…

A: The measure that depicts expenses being incurred for carrying out transactions of the business is…

Q: Figure 1 P ($), MC 125 99 79 75 139 99 `MR 45 Suppose that Figure #1 depicts the demand conditions…

A: Given; Price per exhibits= $99 When:-            MR=MC Quantity= 45 Marginal Cost= $75

Q: create 2 ideas if you were creating a topic idea  based off of the information below It must be a…

A: [Please note that this answer is written from a general perspective] Macroeconomics is a branch of…

Q: Suppose the production function for widgets is given by: Q = KL - 0.8K² - 0.2L² where Q represents…

A: Answer: Given, Production function: Q=KL-0.8K2-0.2L2 (a). Average product of labor (APL): APL refers…

Q: Adam picked 240 oranges from his orchard. He packed them equally in 12 bags and sent them to the…

A: Resource allocation refers to the process of distributing available resources among different uses,…

Q: describe new changes to kiwisaver

A: A number of modifications to KiwiSaver will be finalized immediately by the government. KiwiSaver…

Q: W 10 9 8 7 6 5 4 3 2 1 0 0 1 2 3 4 Click to see additional instructions [Note: Be sure to review…

A: "As per our policy, we can provide the solution to the first three subparts. Kindly raise the…

Q: price/value of your leisure time

A: Time set aside for leisure is the time individuals set aside for themselves in a day to pursue…

Q: What is the implication of a new technological change in the production on consumer.

A: Technological change is the creation and application of new tools, methods, processes, or…

Q: 3. In a model of quantity competition, duopolists compete for a market where demand is given by P =…

A: In Stackelberg duopoly, two firms compete in quantity where one firm is a leader and the other is a…

Q: create 2 ideas if you were creating a topic idea  based off of the information below It must be a…

A: [Please note that this answer is written from a general perspective] Macroeconomics is a branch of…

Q: 1. The Following data is given for the period 1999-2003 Interest rate Inflation i TT 1999 4.7 4.4…

A: A multiple regression equation describes the combined effect of all the predictors in the model.…

Q: PROBLEM (4) Firm A and Firm B with identical total costs TCA (QA) = 2 and TCB(QB): related goods and…

A: There are 2 firms- Firm A and Firm B.Total CostsDemand functionsThe firms are producing related…

Q: 3. Among the exogenous variable, which will make your IS curve shift to left? 1.2 0.8 0.6 0.4 0.2 40…

A: IS curve  shows goods market equilibrium and LM curve shows money market equilibrium . IS LM curve…

Q: Suppose that James's income in Year 1 was $45,000. Over the next four years his income increases by…

A: The nominal income in first year = $45,000 The income increased every year by = 7% = 0.07 The…

Q: 3. An electronics plant's production function is Q = 5LK, where Q is its output rate, L is the…

A: Given:- Here we have, Q=5LK, where labour = L=$1 per unit and capital = K=$2 per unit also Q=1000…

Q: Explain the different approaches in doing research 1. Descriptive Research 2. Analytical Research 3.…

A: The following methods of Research can be explained as follows :

Q: ave $60 and your sister has $120. You are saving $14 per week and your sister is saving $10 per…

A: Saving is the practice of reserving a portion of one's earnings or resources for use in the future…