Q: a) Explain the Prebisch-Singer hypothesis
A: Introduction: The Prebisch-Singer Hypothesis says that relative to the price of manufactured goods,…
Q: Question 3 Krugman Model: Suppose that the elasticity of substitution between vari- eties of a…
A: Macroeconomics is a branch of economics that focuses on the study of the economy as a whole, rather…
Q: What are the difference between wagners Law and Parkingsons law?
A: Both the Wagner’s law and Parkinson’s law are two different laws of economics where Wagner’s law is…
Q: please answer the following question. 1. Define the Coase Theorem. What are the reasons that the…
A: Coase theorem states that property rights can be resolved between the two parties by covering the…
Q: Analyse the main proposition of the Heckscher-Ohlin theory and StolperSamuelson theorem.
A: The main proposition of both the theories are as follows: Heckscher-Ohlin theory: According to the…
Q: List 3 possible explanations of the Leontief pardox
A: International economics deals with the allocation and proper utilization of the scarce resources…
Q: Alter the desmos.com model using the following daily market demand and supply of burritos: P = 6.37…
A: Consumer Surplus: The consumer surplus is the net benefit that the consumer receives by purchasing…
Q: In the Heckscher–Ohlin model,describe the Heckscher–Ohlin theorem input version and the output…
A: Heckscher–Ohlin model is also known as the factor proportion model and factor intensity model.…
Q: 1) Explain in detail the main features of ARCH/GARCH approach and their differences. Explain how…
A: Ans in step 2
Q: Suppose the government decided to issue tradeable permits for a certain form of pollution, does it…
A: government decided to issue tradeable permits for a certain form of pollution.
Q: Explain Rostow’s take-off hypothesis and Fogel’s major criticisms.
A: Rostow’s take off hypothesis can be explained using following 5 stages of economic growth-
Q: You have been driving for about 3 hours early in the morning. Which of the following indicates that…
A: The issue at hand pertains to driver safety and identifying indicators of driver weariness. Concerns…
Q: Find the intersection point of the following two constraints: 2X + 2Y = 34 3X + 1Y = 49
A: Point of intersection is that point where two lines or constraints are intersect each other.
Q: Where is answer for 4, and the explanation
A: When an entity's production or consuming actions have an effect on a third party who is not tied to…
Q: "All accidents, one way or another, are the result of human error." "No, accidents are the result of…
A: All accidents are primarily caused by human error. There wouldn't be any accidents if we didn't make…
Q: Explain what the Coase Theorem is.
A: Coase theorem was developed by the economist Ronald Coase as a legal and economic theory. It…
Q: ed a series of episodes involving country risk. Shell’s operations are centred in Nigeria’s Ogoni…
A: Shell is facing a problem from local land owner because as per them shell in turn makes more from…
Q: Increases in carbon dioxide in the Earth's atmosphere have been cited as a probable cause of global…
A: The steady-state refers to a situation where the stock of carbon dioxide (y) in the Earth's…
Q: What are the warnings of using the OLS approach to hypothesis testing? Discuss.
A: OLS stands for Ordinary Least Squares. It is a method of determining a line that minimizes the sum…
Q: (d) The preferences of a consumer with utility function U (x1, x2) = (1+x1)(1+x2) are convex. [Note:…
A: Microeconomics refers to the branch of economics in which it studies the individual, household, and…
Q: What are the properties of OLS? Clearly explain.
A: Ordinary Least Square methods(OLS): It is used for estimating the parameters of a linear regression…
Q: The demand and supply schedules for sweet packs are displayed in the above table. а. What are the…
A: The supply for good refers to the quantity that a producer is ready to supply at each given price…
Q: Describe the "Frisch–Waugh Theorem"?
A: The ‘Frisc-Waugh Theroem is named after the economists ‘Rangner Frisch and F.V Waugh.
Q: Consider a hypothetical university with very homogeneous students and one professor who each year…
A: Consumer surplus is the difference between the maximum price a consumer is willing to pay and the…
Q: Explain the concept of Testing Hypotheses on Two or More Coefficients?
A: Testing of hypothesis is an important topic in the field of statistics. TO test the hypothesis, null…
Q: Citing relevant examples, explain any five properties of a good hypothesis.
A: The five major properties of a good hypothesis are the following: Prediction power Simplicity…
Q: Explain the Stolper-Samuelson theorem and Rybczynski theorem.
A: Stolper-Samuelson theorem: According to the Stolper-Samuelson theorem, the distribution of income is…
Q: A lake has two species of fish: bass and catfish. The number of bass and catfish living in the lake,…
A: Answer: If the number of bass and number of catfish is the same then the two equations will be…
Q: Collectively, the 1000 residents of Green Valley value swimming in Blue Lake at $100,000. A nearby…
A: Coase theorem is essentially an economic theory which was created by Ronald Coase. Coase theorem…
Q: Why would I use a one-tailed (directional) hypothesis? What are the limitations of using a…
A: When performing a null hypothesis to test the significance level, a researcher needs to analyze the…
Q: What is the Coase theorem? What are its implications?
A: Coase Theorem & Example As per the Coase hypothesis, despite market shortcomings coming about…
Q: explain Stolper-Samuelson Theorem with diagram
A: Stopler Samuelson hypothesis links product costs and factor costs. A fall in the overall cost of a…
Q: What is the outcome of the Stolper-Samuelson Theorem??? Account for lessons derived and offer…
A: The Stolper-Samuelson theorem was derived in the context of the H-O trade theory. This theorem was…
explain the prediction of Herkscher Ohlin Theorem
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- explain Stolper-Samuelson Theorem with diagramYou have been driving for about 3 hours early in the morning. Which of the following indicates that you might be fatiguA lake has two species of fish: bass and catfish. The number of bass and catfish living in the lake, B and C respectively, depend on the temperature of the lake, T (in degrees Farenheit). The functions modeling this dependency are given below: B(T) = 8T2 + 976T – 28890 С(Т) 3D — 2T?+244T — 6893 What are the two temperatures at which the number of bass in the lake is the same as the number of catfish? Enter exact expressions or round your answers to the nearest thousandth. T : T
- What are the assumptions of say's lawAlter the desmos.com model using the following daily market demand and supply of burritos: P = 6.37 0.025 Q and P = 1.2 + 0.016 Q 8 7 6 5 4 3 2 1 50 100 150 200 250 30 To find the number of burritos that are supplied by firms and demanded consumers, you solve demand equal to supply (6.37 0.025 Q = 1.2 + 0.016 Q) for Q or use your Desmos model. It equals burritos. To find the market-clearing price, substitute his value into demand or supply or use your Desmos model. It is dollars per burrito. Regarding the first burrito supplied, the • maximum price the first consumer is willing to pay is • minimum price firms are willing to accept is • price that is paid for it is dollars • first consumer surplus is dollars dollars dollarsApparel manufacturer Nike produces high-end and low-end versions of their running shirts. They estimate that the demands for their products are given by: High-end shirts: P = 130 - 2QH , andLow-end shirts: P = 80 - QL, where Q is measured in 1000 shirts, "H" denotes High-end and "L" denotes Low-end Both types of shirts are produced on the same production line in the same facility, so the marginal cost of producing and selling both types of shirts is constant at $30. Supposing that (i) the two demands are independent and (ii) Nike can produce and market the shirts such that the high- and low-end markets are successfully segmented, what are the profit-maximizing prices Nike would charge for each version?Answer Options:a) by the midpoint rule, PH = $65 and Pl = $40b) PH = $80 and PL = $55c) Nike will set price equal to marginal cost for both versionsd) PH = $130 and PL = $80
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)
![Exploring Economics](https://www.bartleby.com/isbn_cover_images/9781544336329/9781544336329_smallCoverImage.jpg)