Economics The following table shows the relationship between quantity demanded and quantity supplied and the price of a good. Price (RM) 6 7 8 9 10 Quantity demanded (units) 550 500 450 350 225 Quantity supplied (units) 40 100 200 350 650 Surplus of 510 units exists at the price of

Q: When citing using quotations, you must always remember to use "quotes", mention the author's last…

A: Reference words and quotations are often used to refer to the same thing even though the reference…

Q: of oil would make 15 million barrels the optimal quantity to extract and sell

A: At price 90 oil would make 20 million barrels the optimal quantity to extract and sell this year.

Q: need the anwser asap. thank you

A: b. Consumer surplus:Consumer surplus is the difference between the price consumers are willing to…

Q: Question 8 Assume that Derryland and Whetonia can switch between producing cheese and producing…

A: Opportunity Cost: It refers to the foregone revenue on the next best alternative if we pick a…

Q: There is a bar on Off‐Main Street called the Rock‐n‐Roll Bar. All the people that go to that bar…

A: With the existence of a transaction cost of $90 which has to be split between the two that is $45…

Q: Suppose that in response to huge job losses in the U.S. textile industry, Congress imposes a 100…

A: Due to huge job losses in the U.S. textile industry, congress imposes a 100 percent tariff on…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

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

Q: Problem 1- Questions d-g please!!

A: Budget Line: given the price of 2 goods and consumer’s income. The budget line shows different…

Q: Listed 40 name of multinational company in Malaysia.

A: A multinational company is known to be as a company which has its office located into different…

Q: None

A: Step 1: Daniel and Gabrielle decide to form a cartel and act as monopolists to maximise their profit…

Q: How does the Overnight Rate Target inuence interest rates throughout the economy? (A) The…

A: The overnight rate basically refers to the interest rate at which a depository institution (usually…

Q: The Marco famly-comprising Mrs. Marco aged 40, Mr. Marca, aged 39, and their three yourg…

A: - In case of taking option I, what is the amount of the monthly payment the Marco family should pay…

Q: QUESTION 10 The demand for goods is given by Z-C+G In equilibrium, output is equal to demand, or…

A: The market equilibrium level refers to the situation when the total income is equals to the total…

Q: What is transport infrastructure

A: Infrastructure is organisational structure which is required for the societal operation.

Q: The table represents the labor hours needed to make a bottle of wine or a pound of cheese in the…

A: When a nation is in a position to produce one commodity with an opportunity cost that is lesser than…

Q: Quantity TC TVC  AFC ATC MC AVC 1 200           2   100         3…

A: Total Fixed cost is same at all levels of output. Variable cost is the cost that varies with the…

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: The unauthorized use of an owner's or creator's music, movies, or other copyrighted material.

A: Copyright refers to the legal right of the owner of intellectual property.   In simpler terms,…

Q: d C b a U 0 30 50 75 W 100

A: Step 1:I would rather win a gift card so I can get whatever I want; it would depend on the gift…

Q: Why is the permit needed for all the agencies?

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

Q: The Bruce Highway (from Cooroy to Curra) is currently being upgraded. The total expense of the…

A: Total expense of the project: $1.6 billionFederal government contribution: $1.1 billionQueensland…

Q: A period between date of acquisition and date of disposal by a specific owner. a. Ownership life O…

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

Q: allon) $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 D i. 300 400 500 600 700 800 Quantity of Gasoline…

A: Disclaimer :- since you asked multipart questions we are solving first 3 subparts as per given…

Q: You buy a watch that costs $45.50. The tax on the watch is 7.5%. What is the final cost?

A: Given: The cost of the watch is = $45.50 The tax on the watch is = 7.5% To Find: The final cost:

Q: What's rop settlement

A: A process of business whereby interests or securities in the securities are being delivered, usually…

Q: y can be a customer, bank, supplier, another system and __________ a. another department. b. another…

A: A bank is an institution that gives various financial services to individuals and other…

Q: The figure above shows a production possibilities frontier. In the figure, when the economy moves…

A: Opportunity cost refers to the cost of choosing one option or allocating resources to produce more…

Q: select a Canadian company identify and analyze the business strategy to reduce environmental and…

A:

Q: How to aduittor detect kiting

A: Kiting is a fake practice in bookkeeping and banking where assets are moved between bank accounts to…

Q: When compared to a large business, a small business has O roles that are shared across a larger…

A: An organization or entity that is being engaged in activities of industrial, commercial, or…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: How do sales taxes typically apply in a business environment?

A: Sales tax is a consumption tax imposed by the government on the sale of goods and services. It is…

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: Could you please answer questions d and e.

A: Robert Solow created the Solow model, commonly referred to as the neoclassical growth model, in the…

Q: True/False Personal income include personal taxes

A: Income includes the wages, salaries, dividends, transfer earnings etc, that is, anything that is a…

Q: what are the 2 kinds of land ownership

A: Land ownership explains the owner or the person who posses the property or land.

Q: What Is Local or National or International Suppliers?

A: A supplier is a firm or an entity that produces a service or a good. In a market, there exist a…

Q: TUse the table below to answer the following questions. Assume that fixed costs are $100 and labor…

A: Given: Fixed cost = $100 Labor cost per unit (variable factor cost per unit) = $80

Q: 5. If the consumer price index was 90 in 2011 and five years later in 2016 it was 120, the…

A: Given :  Consumer price Index (2011) = 90  Consumer price Index (2016) = 120  ( Consumer Price Index…

Q: What is total revenue?

A: Revenue refers to that amount which a seller or a person gets after selling its goods and services.…

Q: Fill in the table below, giving a numerical value for letters A, B, C, and D. TC AFC AVC 50 1 90 A B…

A: Total fixed cost is independent of output produced  whereas total variable cost varies with the…

Q: Discussing the working of Multipier explain its leakages

A: A multiplier factor may be a term utilized in economic science to explain associate economic part…

Q: When making decisions about what safety systems should cars or airplanes, the estimated cost per…

A: Sustainable development is an organizing concept for meeting human development aims while also…