Flow 1 Resource Market Flow 2 Businesses Households Flow 3 Product Market Flow 4 Refer to the diagram. Flow 4 represents Multiple Choice goods and services. land, labor, capital, and entrepreneurial ability. wage, rent, interest, and profit income. consumer expenditures and business revenue.

Q: It says 6Qs NOT 60s, can you please redo

A: Demand:Demand  is the desire of an individual ability and willingness to pay for a product. The…

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: How does incorporating the tax benefit of depreciation affect the equilibrium rent a landlord will…

A: The housing market refers to the buying, selling, and renting of residential properties, including…

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: The Mount Emerald Wind Farm will be Queensland's largest wind farm once construction is completed.…

A: Renewable energy plays a very important lesson in economics by fostering sustainability, decreasing…

Q: Coronado Industries developed the following data: Beginning work in process $1100000 inventory…

A: The data of the Coronado Industries has been given to us showing various components in it and we…

Q: The term used to describe the credit available to a donor to offset the gift tax is called the…

A: The applicable credit amount is a term used in the context of gift and estate taxes in the United…

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

A: In the language of economics, "demand" is the amount of an item or service that buyers are willing…

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: Jose buys a motorcycle for 125,000 and plans to keep it for 10 years after which it will be sold for…

A: Cost of motorcycle = 125,000 year = 10 Depreciation = 10,500

Q: Erhics RFID tags are extremely useful for retailers, butmany consumers have responded negatively to…

A: RFID tags are one of the radio frequency identification tags that use an electromagnetic region in…

Q: d as taxable income on, efrors resulting in notices such as this one. It's free to file your taxes…

A: The key motive that drives the firms in a market is profit. Profit is the difference between total…

Q: An individual owns a life insurance policy with an investment in the contract of $75,000 and a cash…

A: The protection from financial loss resulting from certain circumstances is referred to as insurance.…

Q: A bottle of wine costs $14.00 and yields 5 ‘by the glass’ servings. To have a 25% FC what would I…

A: Price can be calculated by using the following formula.

Q: Suppose the market for apples is perfectly competitive. The short-run average total cost and…

A: A perfectly competitive firm is a price taker. It accepts the market price as given.

Q: Consider the global market for tin represented by Figure 7.4. Initially equilibrium is at point A…

A: A price ceiling is a maximum price set by the government that sellers are allowed to charge for a…

Q: 10. The Hastlehoff family took 5% hours to gather information for their Schedule A. The itemized…

A: Saving is income that is not spent, or conceded consumption. The portion of income isn't utilized…

Q: Cars produced each day A specialty-car manufacturer has plants in Auburn, Biloxi, and Chattanooga.…

A: a) Calculating AB: AB = 1210044208912…

Q: 4. The change in consumer surplus as a result of the shift in the graph below is equal tor (a) 1050…

A: Consumer surplus is the area below the demand curve and above the equilibrium price level.

Q: A member must at all times b member's trust obligations fr Money in the member's trust account. The…

A: The inquiry focuses on the subject of financial responsibility and trust obligations in a particular…

Q: Below is a chart with different distances and their total cost for this vehicle please find the…

A: Marginal earnings is a term applied to the revenue achieved after selling one more unit of a good or…

Q: Using the quantity of 400, how much profit or loss will they earn?

A: Demand curve is the downward sloping curve.  The firm will produce where the marginal cost is equal…

Q: Ans for part D

A: As given utility function is U(B,P) = 2B +P Given utility function is case of perfect Substitute…

Q: taxable income on ructions, and publications, visit www.irs.gov or call RM (800-829-3676). u e-tile…

A: Implicit cost includes foregone income that could have been earned if resources were invested…

Q: Define the term Expenses?

A: The term expense (expenditure) is defined as the cost incurred for something. In other words, it is…

Q: Consider the market represented by the figure to the right. Supp If the firm can only charge a…

A: Monopoly refers to the single firm in the market. Monopoly firm has market power to fix the price.…

Q: What are the Revenue projects?

A: Revenue projects are projects that are associated with very low capital investment or no capital…

Q: A $700 laptop has 10% tax. Find the total amount due.

A: The value of laptop = $700 The tax rate = 10%

Q: Jose buys a motorcycle for 125,000 and plans to keep it for 10 years after which it will be sold for…

A: cost = 125,000 n = 10 years depreciation = 10,500