Economics Question

Q: Economics Question

A: Now, it is given in the Question that 1 cake is for $ 30. This means that the MR= $30. Now, Marginal...

Q: Indicate whether each statement is true or false, and justify your answer.Prospective payment system...

A: Under prospective payments systems, the hospital charges a fixed price to the patient which differs ...

Q: Using shifts in supply and demand curves, describe how a change in the exchange rate affected your i...

A: Exchange rate is the rate at which one country’s currency is exchanged with another country’s curren...

Q: According to the classical dichotomy, what changes nominal variables? What changes realvariables?

A: Nominal variables are those variable that are measured by the money value. For examples, nominal out...

Q: The supply function for Gizmos is given by the equation P=0.66⋅Q+11P=0.66⋅Q+11, and the demand funct...

A: We know when supply and demand match then only equilibrium occurs. Equilibrium price is the price wh...

Q: A. 10 B. 20 C. 30 D. 40 Please explain as detail as possible, thanks.

A: A monopoly is a market structure where there is only one seller and many buyers. The seller has comp...

Q: Finance economics question

A: The idea of raising the money supply in this pandemic area could be taken by the central bank in ord...

Q: If Bruce pays $2000 in tuition fees to the college, what does his opportunity cost?     $2000 ...

A: Opportunity cost is the value of something that must forgo to acquire something else. Thus, the inco...

Q: What are the advantages and disadvantages of NAFTA (North American Free Trade Agreement)?

A: North American Free Trade Agreement (NAFTA) is a trade agreement between the U.S, Canada, and Mexico...

Q: Briefly explain using a graph whether given statement is true or false. “If firms in a monopolistica...

A: The given statement is false. This can be explained with the help of the short run and the long run ...

Q: Determine whether each of the following would cause a shift of the aggregate demand curve, a shift o...

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,...

Q: When is use of the arc elasticity concept valid as compared with the use of the point elasticity con...

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Q: The Akerlof model can be used to model the health insurance market. In this market, which party is a...

A: According to Akerlof's adverse selection problem the seller has additional information than the purc...

Q: Let Utopia be a very small country that produces Cheese and Bread only. Its production possibilities...

A: Production possibility frontier is the curve that shows different possibility of combination of two ...

Q: Define natural monopoly. What does the size of a market have to do with whether an industry is a nat...

A: Natural Monopoly: The natural monopoly arises when the single seller or firm earns huge economies of...

Q: Economics Question

A: When the government imposes tax of $4 on employer, it leads to shifts the demand curve downward (Ver...

Q: What impact is Walmart's acquisition of non traditional retailers likely to have on the shopping hab...

A: Electronic commerce refers to the virtual market establishment in which the exchange of goods and se...

Q: The Central bank in an economy is charged with the responsibility of controlling a nation’s money su...

A: First , we need to know about tight contractionary monetary policy and expansionary monetary policy....

Q: Explain how each of the following developments would affect the supply of money, the demandfor money...

A: Hey, Thank you for the question. According to our policy we can only answer up to 3 sub parts per se...

Q: Three of the main products produced in Grossmania's manufacturing sector are leather, laces and dyes...

A: To calculate the Nominal GDP, we multiply price and quantity for each good and then add them Nomina...

Q: The central back in an economy is charged with the responsibility of controlling a nation's money su...

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first que...

Q: If consumption is $6 billion when disposable income is $0, and if the marginal propensity to save is...

A:

Q: Form the given information about Cobweb Model, determine the market price, equilibrium price, and st...

A: i.Given, Qdt =220-0.5Pt , Qst = -25+0.4Pt-1 and P0 =250 We know, at equilibrium, Qdt = Qst 220-0.5Pt...

Q: Which way (if any) does the Supply Curve shift if there is a decrease in the number of sellers? If t...

A: Why does supply curve shifts? Supply curve shifts when there are changes in production cost and rela...

Q: In an economy, only one combination of goods is productive efficient. True or false?

A: A production possibilities frontier is the locus of all maximum combinations of two goods or two bas...

Q: Q-3: A. If C = Cd +CfI = Id +IfG = Gd +GfShow that NX=Y-(C+I+G)where, subscripts d and f are used fo...

A: Given, C = Cd +Cf I = Id +IfG = Gd +Gf Where d is spending on domestic good and F is spending on the...

Q: Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweepingthe Paki...

A: To determine: Aggregate demand and steps to stabilize aggregate demand

Q: Grossmania gave the following additional information on its national economy Items Billions of...

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If y...

Q: John  owns the Latin Chocolate store. He charges $5 per pound for her hand made chocolate. You, the ...

A: John is now the owner of Latin Chocolate store and charging $5/hand made chocolate. Having price ela...

Q: c) Assume she spends one hour writing book reports and two hours doing problem sets each week.Label ...

A: Hi Student, thanks for posting question. As per the guideline, we can give first 3 sub part answer. ...

Q: Estimate the cost of an oil change (5 quarts of oil) and a new oil filter for your automobile at a l...

A: The mark up price refers to the adding price tot eh total cost of production. in other words, Produc...

Q: what is fluctuation? What are the changes generated by fluctuation? How does fluctuation evolve?

A: Economic fluctuations are simply fluctuations in a country's national income level which represents ...

Q: Suppose the price elasticity of demand for heating oil is 0.2 in the short run and 0.7 in the long r...

A: The price elasticity of demand measures how much quantity demanded responds to the changes in price....

Q: Using the graph, complete the table that follows by indicating whether each statement is true or fal...

A: The price elasticity of supply refers to the responsiveness of change in quantity supplied due to th...

Q: Using data in the following table: a. Compute nominal GDP in each year. b. Compute real GDP in each ...

A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for yo...

Q: For each of the regions listed in the following table, use the midpoint method to identify if the de...

A: The midpoint method finds elasticity using the formula: Line segment below the point/ Line segment a...

Q: explain the link between scarcity and each of the following: a) choice, b) Opportunity Cost, c) the ...

A: Scarcity refers to the situation where the resources are limited in availability during the process ...

Q: What is the future worth of a series?

A: Future value (FV) is a calculation of the value of a series of recurring payments at some point in t...

Q: Define the term households.

A: Economy as a whole consists of two different groups, which are firms and households. The household r...

Q: Mauricio has a circus act, and he has a budget of $720 to spend on monkeys and unicycles. The cost o...

A: The budget of the person is given as $720. The cost of unicycle (U) is $120 and that of monkey (M) i...

Q: Identify the effects of fiscal policy on the economy

A: Fiscal policy refers to the government policy that stabilizes th economy through bring changes in it...