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A: market demand is - correct - Is the vertical summation of all the individual demand curves in the ma...
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A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...
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A: each country has 72,000 labor Note:- Since you have posted multiple subparts, as per the guideline...
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A: To solve, we will substitute S(r)=2+r & I(r)=10-r & CF(r)=2-2r in S(r)=I(r)+CF(r).
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A: Semi annual means interest is paid twice in a year Amount = P(1+r)N For semi annual, Divide the int...
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A:
Q: Thank You
A: The equations are given as: Bd:Price=-0.8Quantity+1100Bs:Price=Quantity+70
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A: Neoclassical economics is a very wide approach that explains the production of goods and services wi...
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A: Private savings = GDP - Consumption - Taxes Net investment = Investment - Depreciation
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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
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A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to purcha...
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A: The money value which is being used in the production of a good or delivering of service is known as...
Q: nds all of her income M on soda and chips. The price of soda is 2 per unit. Irene’s utility function...
A: Income = M ≥ 50 (Assumption)Ps = 2/unitPc = 8/Unit U (S,C) = 5ln(1 + 5) + ln(1 + c)
Q: Adam Smith’s concept of the invisible hand, an efficient overall allocation of resources is likely t...
A: Adam Smith’s concept of the invisible hand, an efficient overall allocation of resources is likely t...
Q: What is the difference between ordinal utility and cardinal utility? Explain why the assumption of c...
A: Meaning of Utility Function: The term utility function refers to the total utility for a consumer ...
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A: In recent decades, women have worked more hours in paid jobs and fewer hours in unpaid housework imp...
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A: Answer - Given in the question- Need to find- Refer to the accompanying national income. Gross dome...
Q: 3. Absolute and comparative advantage Consider two neighboring island countries, Charisma and Fiatst...
A: In exchange hypothesis at whatever point a nation delivers a decent with a more modest chance expens...
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A: Hi! thanks for the questions but as per the guidelines we can answer only one question at one time. ...
Q: 9. A man wishes to have P 40,000 in a certain fund at the end of 8 years. How much should he invest ...
A: Here, given information is: Future value (FV)= P40,000 Interest rate (i)= 6% compounded continuousl...
Q: Which of the following is true about stagflation? Multiple Choice It can be corrected by increa...
A: In an economy, stagflation refers to the situation when people are facing high prices or inflation, ...
Q: 2. Comparative and absolute advantage Musashi and Rina run a catering business in which they have tw...
A: Case 1: Rina has an absolute advantage in food preparation. Reasoning : As Rina takes less absolute ...
Q: Drive the cost function from the following CES production function y = A(aLº + (1 – a)K")
A: CES Production function : y = A(aLp + (1-a)Kp)1/p For a firm an optimizing state of production where...
Q: “…monetary policy works on two principal economic variables: the aggregate supply of money in circul...
A: The monetarist theory is refer to the economic concept which would contend in the money supply in d...
Q: If the firm hires 5 employee, total fixed costs equals
A: Total fixed cost is the cost which is even exits when output is zero. So at zero output we have the ...
Production possibility curve: It is a graphical presentation of the possible combination of two goods that can be produced by a producer with the given resources.
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