Explain why a negative externality creates a cost for the society and how it can be reduced, give an example

Q: Suppose the required reserve ratio is 11%, currency in circulation is $285 billion, the amoun of…

A: Given reserve ratio = 11 % Currency in circulation = 285 Billion $ Checkable deposits = 600 Billion…

Q: value is $12,000. The annual insurance cost is 5% of the purchase price. The electricity co is $ 800…

A: Given, Purchasing price of an equipment = $100,000 Electricity cost = 800 each year Replacement part…

Q: A (0.20) B (0.50) 5 C (0.30)

A: The decision tree is used to make the strategic decisions. The probabilities are assigned to…

Q: If demand is price inelastic: O a. An increase in price decreases revenue O b. An increase in price…

A: Elasticity measures the responsiveness of quantity demanded to changes in price level

Q: Provide a bcg matrix of magnum ice cream with its competitors

A: Organisations use the Boston Consulting Group (BCG) Matrix to determine whether their performance is…

Q: Does this production possibilities curve show increasing opportunity costs? Explain

A: The curve that depicts the combination of goods that could be produced using the resources being…

Q: Consider the following strategic interaction between two players, Player 1 (P1) and Player 2 (P2).…

A:

Q: If the income elasticity of demand for some good is 4, then a 10% increase in price will lead to a:…

A: Income elasticity= 4 Change in price= 10%

Q: The figure below illustrates the impact of an export subsidy as imposed by a large country. No…

A: When a large country implements export subsidies, then it increases the domestic price for consumers…

Q: Explain in your own words the concept of economic incentives in healthcare and provide an example…

A: The phrase "health care economics" refers to the different elements that interact to determine the…

Q: The Decision Dilemma presented data on the prices of a Big Mac and the net hourly wage figures by…

A: In a market, policymakers and researchers collects data about various information about the market…

Q: 83. Graph the original and new demand curve and explain the change in demand for tomatoes caused by…

A: Demand equation genral form is Q = a-bP where negative sign is just shows the negatives relationship…

Q: Which of the following is not considered a characteristic of money?   Question 3 options:   It is a…

A: Money is used as a medium of exchange, store of value, unit of account and standard of deferred…

Q: Consider the market for new economics textbooks. The following graph shows the demand curve for new…

A: The markets are the place which assist the economies in allocation, and distribution of the…

Q: Answer any 1 from a and b below Explain the shape of AS? What shifts AS

A: The curve that depicts various quantities of goods being supplied by producers at different price…

Q: The nominal exchange rate is .80 euros per dollar and the real exchange rate is 4/3. Which of the…

A: Formula to be used: Real exchange in rate = Ratio of prices measured in same unit =Price of a good…

Q: lease answer f

A: given reserve ratio = 20 % deposit = 200 RM

Q: Continuing to work with a 2% inflation target, a 1999 version of the Taylor Rule and an initial…

A: A nominal interest rate alludes to the interest rate prior to considering inflation. It is the…

Q: physical |product (TPPL) (АPPL) (MP 1 7 2 20 3 39 4 55 5 66 6 70 7 70 8 67 lculate the marginal…

A: All answers given below,

Q: What are the problems faced by the avg production system in a developing country and what methods…

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: B. when economic profits are zero

A:

Q: If the US Government increased Tariffs on goods imported in the US from China, what would most…

A: the Net export is difference between the export and import. An increase in the net export leads to…

Q: Problem Solving and Graphing. Refer to the schedule of the demand for tomatoes to answer the…

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

Q: Choose from the two machines which is more economical. Machine A Machine B First Cost Salvage value…

A: Annual cost of machine A = 3000 + 1200 + (8000 x 3%) = 4440Present value of machine A= - 8000 -…

Q: Is the statement Price is equal to average total cost true for a monopolistically competitive firm…

A: There are large number of firms in both perfect competition and monopolistic competition.

Q: Suppose a firm produces according to the production function Q=3K/3L/3 and faces a wage rate of $5…

A: The Production function Q = 3K1/3L1/3 Wage rate(w) = $5 Rental rate of capital(r) = $2 Output price…

Q: At a time when demand for ready-to-eat cereal was stagnant, a spokesperson for the cereal maker…

A: given that, whenever Kellogg's and its biggest opponent publicize, each organization acquires $2…

Q: 4. A software company has a projected cash flow for a business activity as follows: Year 0 = $…

A: Given: Interest rate=8% Number of years=4

Q: Variable cost Quantity (number of cups) (taka) Rahim operates a small tea stall in his neighborhood…

A: (a) Total cost is sum of variable cost and fixed cost.  => Total cost = variable cost + fixed…

Q: What are the benefits and pitfalls of unions?

A: Unions are defined as voluntary groups or associations formed by the workers to improve their…

Q: A small factory produces a small toy with a fixed cost of $10,000month. If the factory manager wants…

A: Fixed cost = 10,000   Variable cost = $5 per unit   Revenue = $15 per unit

Q: 12. Explain in details the model graph in the North West Government

A: The graph show the AD/AS model, where the short run equilibrium is at point E1 where SRAS is equal…

Q: Refer to the figure. The section of the demand curve labeled "A" represents Price Quantity the…

A: Demand curve shows different combinations of price and quantity demanded.

Q: Maria and Shayla produce pickles and cheese. Maria's production function is Qp 425 -5Q0 Shayla's…

A: Comparative advantage occurs when a country is able to produce a particular good or a particular…

Q: Table: Monopoly and Regulated Monopoly Quantity Price TR MR TC MC АТС Profit Demanded $15.50 $0.00…

A: We will use the following formulas: ATC = TC/Q MC = TC(2) - TC(1) Profit = TR -TC

Q: Widget factory Inc. in Wisconsin has the following production function: F(L,K)=2L  L represents the…

A: Given production function: F(L, K) = 2L1/2 K1/2 w = $30 r = $25 P = $50 K0 = 900 (fixed)   So, the…

Q: Consider a competitive labor market. Using the model of how income is determined in a labor market,…

A: n the competitive market, the equilibrium level of income and number of laborers is determined when…

Q: 1. Two 100-horsepower motors are being considered for use in the following table: Brand A Brand X…

A: Engineering economics is concerned with the strategies that enable an individual to make economic…

Q: A Moving to another question will save this response. Question 15 (100, 150) Player 2 (110, 200)…

A: SPNE refers to sub-game perfect Nash Equilibrium.

Q: In a perfectly competitive market, a firm’s production in the market described as Q = f(X) = 5X0.5 ,…

A:

Q: Select the BEST cost and benefit analysis technique if the time to obtain the profit is long while…

A: In the investment market, there are various methods to make an economic analysis of a specfiic…

Q: H6.. Discuss the current political and economic challenges faced by Russia under Vladimir Putin and…

A: Because of their developing authoritarian tendencies, revisionist opponents of the United States'…

Q: An investment of P270,000 can be made in a project that will produce a uniform annual revenue of…

A: The present equivalent value of all cash flows is determined using the present worth Method.  We…

Q: I.The firm is in the correct position. 2. The firm should increase price. 3.The firm should decrease…

A: IN any perfect competition, the maximum profit is achieved at the point where, Marginal revenue =…

Q: The drainage of waste products from the chemical factory, Ultra Chemicals, situated along the banks…

A: The drainage of chemical fertilizers utilized on rural plots along the banks of the Blue River has…

Q: Starting from any point in the Phillips curve shown in Figure 12.5, an unexpected decrease in oil…

A: When talking about a Phillips curve, it can be said that this curve explains an inverse relationship…

Q: A firm with only fixed costs will have which of the following average cost relationships? As…

A: Average Total Cost is calculated by dividing the total cost with units of output. Average Cost =…

Q: The measurement of the efficiency of investment in inventory is referred to as: Question 6 options:…

A: PLEASE FIND THE ANSWER BELOW.

Q: 9. Assume the central bank has an established reserve requirement of 10%. It then decides to lower…

A: Here, it is given that the current required reserve ratio is 10% and central bank decided to…

Q: Select from the List in bold print, the Institutional Sector to which the following Institutional…

A: The entity that is capable of owning assets, engaging in economic activities, and incurring…