D2 Quantity of Labor efer to the above graph. What will shift D2 to D? Multiple Choice A decrease in the price of complementary input An increase in the price of a substitute input (if the substitution effect is greater than the output effect) Nex < Prev 18 of 50

Q: It says 6Qs NOT 60s, can you please redo

A: Demand:Demand  is the desire of an individual ability and willingness to pay for a product. The…

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

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A: In the language of economics, "demand" is the amount of an item or service that buyers are willing…

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A: Tax:Tax is a compulsory payment which is imposed by the government of the country and for the…

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A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

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A: The key motive that drives the firms in a market is profit. Profit is the difference between total…

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A: Price can be calculated by using the following formula.

Q: 20 18 16 Price 14 12 10 ID: 8. 4 2 20 40 60 80 100 120 140 Quantity

A: Slope of demand curve = dP/dQ  Considering points (20, 20); (65, 2): Slope = (2 – 20)/ (65 – 20)…

Q: 10. The Hastlehoff family took 5% hours to gather information for their Schedule A. The itemized…

A: Saving is income that is not spent, or conceded consumption. The portion of income isn't utilized…

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A: The permits are a different form of license issued by the government to every business in the…

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A: a person who gives money to the owner of a room, flat, house, or piece of property in order to…

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

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A: Aquisition date means when the asset is purchased new . And the period between acquisition and…

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A: The inquiry focuses on the subject of financial responsibility and trust obligations in a particular…

Q: what is the d than?

A: Price ceiling:It is a situation when the government controls the prices of goods and services to…

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A: Minimum wages refers to the minimum legal remuneration that an employer must pay the workers during…

Q: None

A: Willingness to Pay (WTP) is an economic concept that refers to the maximum amount an individual or…

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A: The effect of price level of $14 in global market is given as follows:The world price line of $14…

Q: Using the quantity of 400, how much profit or loss will they earn?

A: Demand curve is the downward sloping curve.  The firm will produce where the marginal cost is equal…

Q: Ans for part D

A: As given utility function is U(B,P) = 2B +P Given utility function is case of perfect Substitute…

Q: 12 Discuss the sucesses and fialiures as it describes

A: Introductio     esentation  Worldwide power shifts have brought about a circumstance where the…

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