Q: The consumer surplus from a good is measured by the A) area of the triangle above the market price l...
A: We know that the marginal benefit is the additional benefit received by consuming one additional uni...
Q: How can the UN do a better job explaining to the world all the good it does? Explain briefly
A: Nevertheless, if the UN is to reach its full potential, certain administrative adjustments are requi...
Q: Engr. Resterio borrowed P15,000 two years ago. The terms of the loan are 10% interest for 1O years w...
A: The principal is the amount owed on a debt before interest is calculated, or the amount invested bef...
Q: 3. Suppose the MPC is 0.8. The government wants to decrease Total Spending by $600. How should it ch...
A: GIVEN MPC = 0.8 decrease in Total spending = $600 (ie. ΔAD) Change in G to achieve (ΔAD=$600) goal...
Q: Another investment story: George inherited P500,000 from his grandparents when he was 5 years old. H...
A: From 5th year to 18th year, F = P (F/P,i,n) For 4 years of college education, A = P (A/P,i,n)
Q: What is the Nash Equilibria of the following game? Penalty Game Keeper L R Striker L 1,-1 -1, 1 R -1...
A: Suppose Striker play L with probability p and R with probability 1-p. Then, Keeper play L, Keeper ge...
Q: Give five reasons why GDP is the most widely used measurement in determining economic growth and dev...
A: The measure that depicts the final value of goods and services being produced in an economy during a...
Q: which to build a structure, which they will nee years hence. The current cost are: land, P1,000,000;...
A: Given, At Present Cost of, Land = P1,000,000 Building P3,500,000 Appreciation Rate Land = 20% per a...
Q: Are the statements true or false. please correct my ansers and justify Suppose that at the equilibr...
A: 1. True It is true if the market price of the product is below the market equilibrium price and the...
Q: What happens to equilibrium price and quantity when there is an increase in technology? Why?
A: Equilibrium in the market of goods and services occurs where quantity demanded equals quantity suppl...
Q: If the price elasticity of demand is 5.0 then a 10 percent increase in the price results in a decrea...
A: Price elasticity of demand is a measurement of the change in the consumption of a product in relatio...
Q: Create a mind map of the important concept/s of ECONOMIC ORGANIZATION.
A: Organizational economics is a field of economics that investigates interactions within particular or...
Q: he Additional Insured—Vendors (HO 07 51) endorsement to a homeowners policy extends the definition o...
A: An additional insured means in a liability policy broadens the inclusion past the named safeguarded ...
Q: Question-1 Bill can produce either tables or chairs. Bill can work up to 10 hours a day. His product...
A: The given table shows the production combination of tables and chairs when Bill works for 10 hours.
Q: How can natural resources conflicts be prevented
A: Natural resources are the resources that are used by people and businesses. People use natural resou...
Q: Question-2 Explain by applying these concepts with examples. 1. Rational people respond to incentive...
A: Clarify by applying these ideas with models. 1. Rational individuals answer to motivating forces 2. ...
Q: PART A.) Decide which of the following machines should be selected (if one of them MUST be selected)...
A: Note:- Since you have asked multiple question, we will solve the first question for you. If you want...
Q: At present, a foundation that has 6 million deposits in the bank with the interest of 10% compounded...
A: The monetary payment made for the privilege of borrowing money is known as interest, and it is usual...
Q: A company has a production capacity of 500 units per month per month and its fixed costs are P250,00...
A: Total cost refers to the sum of Fixed and variable cost. Variable cost changes with the level of out...
Q: Question 20 prices. Nominal gross domestic product (GDP) is GDP measured in O a) base O b) current O...
A: GDP is the value of all the goods and services in an economy at a given point of time. GDP is broadl...
Q: given by R(q)=−5q^2+800q , where R(q)is in dollars and qq is units sold. Find a numeric value for t...
A: Marginal revenue is the additional revenue earned with an extra unit sold.
Q: Y = AK^ L' %3D
A: Y=AKαL1-α Where K represents the capital L represents the labor
Q: Describe what will happen and why to the firm’s costs and profits as the firm makes its choices. Emp...
A: In a perfect competition market a firm has only one major decision to make which is the amount of ou...
Q: Ways in which women and children can be protected from violence and discrimination
A: In any society, whether it is socialist, capitalist, or mixed, women and children are the most explo...
Q: Exercise 1 Consider the following scenario. Aggregate output y at date t is specified as follows, Yt...
A: Output Equation in the economy: yt = t -te + y⏞ Where, t = Actual inflation rate , te = Expected In...
Q: According to the Myers-Briggs Type Indicator (MBTI), the type describes a preference for making deci...
A: MBTI is used for testing personality in the world.
Q: : Question: Ethics (singular in meani
A: the word ethics is used in plural form . Ethics means moral principles or culture or values .
Q: Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. C G...
A: GDP = consumption expenditure + investment expenditure + government expenditure + net exports
Q: wth model differs from the Harrod-Domar because: a. Assumes that deprec
A: In Solow model , the poor countries grow faster than rich countries which lead to convergence of per...
Q: Edmond Locard created the Theory of Exchange which states: Group of answer choices An aspect of the ...
A: Locard's Exchange Principle, which he developed, is critical for today's law enforcement. According...
Q: Choose ALL of the key terms listed below which are usually associated with a country that earns more...
A: When talking about the degree of freedom from political and economic pressure, higher the freedom al...
Q: 2. Which of the following outcome is likely to occur in the long-run. (a) zero unemployment if the r...
A: The end of the day may be a span of your time throughout that all production parameters and prices a...
Q: What is the shape of the average variable and average total cost curves and average fixed cost? Exp...
A: One of three average curves is the average variable cost curve. The average variable cost curve is i...
Q: Year Lab 2000 142 2001 143
A: Labor force in 2019 = 163,539,000 Unemployment rate = 3.7 %
Q: what is a normal good?
A: Goods refers to the goods which are purchased by the consumer to satisfy their wants. Inferior goods...
Q: On an island lives 2 persons, you and neighbor. You have an avocado tree, which grows 130 avocados ...
A: My utility function is, U(C1,C2)=C1C2, where Ci is the number of avocados consumed in the period i. ...
Q: 1. Consider an economy with three types of workers that differ in their abilities a, = 1, az = 2 and...
A: a. Here the expected marginal product from a labor is, (1/3)(a1+a2+a3)=(1/3)(1+2+3)=2 Expected value...
Q: Suppose we have an economy with two sectors, wood and paper. • In order to produce $1 of wood, we us...
A: Internal demand for wood = Amount of wood we need to produce wood + Amount of wood we need to produc...
Q: Practice questions 1. Given a firm's total cost function as = 12 + 60Q- 15Q² +Q³ Suppose that the fi...
A: The firm has to incur the cost while producing goods and services. Costs are divided into many parts...
Q: Why is it impossible for a profit maximizing monopoly to produce an output level which is allocative...
A: Allocative efficiency means that all products in the market are distributed optimally for the purcha...
Q: 6.The standard Solow growth model assumes: a. The depreciation rate is a choice. b. The capital-ou...
A: The Solow growth model can be explained as the model of long-run economic growth. A major component ...
Q: Olivia and Tara are sisters, whose parents requie them to do four hous of househoid chores per week....
A: Given: No of Dog parks No of the Plants watered Olivia 3 9 Tara 2 4
Q: Create the within differenced log wage and education variables for both twins, and denote the variab...
A: Introduction:- where wages are calculated on a regular basis This is a wage relapse model with many ...
Q: Figure 8-6 The vertical distance between points A and B represents a tax in the market. Price 22 k 2...
A: Consumer Surplus when there is no tax = 1/2*(22-10)*600 = 300*12 = 3600 Consumer Surplus when there ...
Q: 2. Suppose the MPC = 0.6? What will be the government spending multiplier? If, in this economy, gove...
A: Here, it is given that the marginal propensity to consume of an economy is 0.67, which implies that ...
Q: 1 Country Cassava Fish Forest Land 10 Sandy Isle 15 10 The above data show the production for two co...
A: The table gives maximum amount of each good that can be produced if all the inputs were allocated to...
Q: In each state, how many stable steady states are there?
A: The steady-state represents the economy's long-run balance. The steady-state model assumes that leve...
Q: Under David Ricardo's theory of comparative advantage, assume you have the following hypothetical ma...
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...
Q: Determine the net present worth (NPW) of the cash flows given in table below for an investment oppor...
A: Given: MARR=12% Initial Investment=$100K
Q: Class Activity 3 9" February 2022 1. The table below shows the marginal benefit or Utility (MU) sche...
A: Given:
Express your thoughts/ideas regarding the given topic "My home."
Step by step
Solved in 2 steps