Give at least 3 Executive orders(EO) or Laws imposed in the philippines that cater the flow of microeconomics.

Q: With which of the problems faced by every society is microeconomics primarily concerned

A: Because individuals have limited resources at their disposal, the problem of scarcity requires them…

Q: Does the economic model or socioeconomic model of social responsibility make more profits? And why?

A: ANS The economic model assumes that society will receive the most benefit when producers are left…

Q: Why are individuals, businesses , and countries force to weigh the benefits and costs of their…

A: Firms, individuals, and countries need to analyze the cost-benefits of their decision. Before…

Q: What are three important themes in microeconomics

A: Microeconomics studies the behavior of Consumers, firms and workers as well as how the markets are…

Q: How is the father of economics

A: Economics is a study of social science which allocates the limited resources to the unlimited wants…

Q: Wireless, high-speed Internet is provided for free inthe airport of the city of Communityville.a. At…

A: There are some goods, whose efficient provision is not possible by the market and hence the…

Q: If economic laws are applicable in real world?

A: Economics is based on the activities of real life. It analyses the economic activities and then…

Q: what are the examples of every college student in their decision (could range from small matters to…

A: College students consist of those populations whose main objective is to learn and improve skills…

Q: A _______ occurs when decision-makers face incentives that make it difficult to achieve mutually…

A: In economics, decision-making involves evaluating the costs and benefits of various alternatives and…

Q: What about s the practical importance of economic law? Explain in 250 words

A:

Q: What are the human behaviors economists should observe when creating economic models?

A: The human behaviours that must be taken into account while developing an economic model depend on…

Q: Can bring an example of a macronomics issue versus a microeconomics one?

A: Microeconomics is the study of economics of a country at a micro level, where behavior of…

Q: How do you conduct a "DEPEST Analysis" for the macro-environment?  Discuss your answer.

A: PESTEL analysis can be done in order to analyze the macro-environment. PESTEL can be elaborated as:…

Q: The "Freshwater" school of economic thought is commonly associated with - a. Richard Thaler b.…

A: The economics as a study is based upon the idea that each society tend to have a limited amount of…

Q: As the environment changes, the assumptions on which the goals were based, and ultimately the goals…

A: Given the statement is As the environment changes, the assumptions on which the goals were based,…

Q: Please relate the current Covid-19 pandemic issues to any concept in Microeconomics. You can answer…

A: The covid-19 affected several markets globally. One of the products that saw a significant rise in…

Q: Popular software can cost thousands of dollars even though the marginal cost of producinganother…

A: Meaning of Marginal Cost: The marginal cost refers to the situation under which the firm or an…

Q: Which of these scenarios is inefficient and why?

A: In scenarios 1 and 2,either no lawn is mowed or no car is washed. Therefore in these 2…

Q: what specific educational reforms should be made to ensure that the poor and middle-income students…

A: As we all know that "Education is the only weapon for all types of problem of a nation". Still this…

Q: In Mcdonald v. Chicago Justice John Paul Stevens made an argument against applying all Bill of…

A: Bill of rights provisions : It was the first amendment in United States also known as bill of rights…

Q: (f) When the price of gasoline is $1 per gallon, how much does weekly demand fall when price rises…

A: To calculate the changes in weekly demand for gasoline for both Buick owners and Dodge owners when…

Q: The residents of the town Ectenia all love economics, and the mayor proposes building an economics…

A: Demand = 11 - P Variable Cost = 0 Fixed Cost = $2,400,000   As per our guidelines, we are supposed…

Q: T F The economic model of social responsibilityemphasizes the effect of business decisions…

A: In an economy, social responsibility refers to individual behavior towards the welfare of society.…

Q: (b) At what price is the dog breeders' elasticity equal to -1? At what price is the pet owners'…

A: The demand function for the dog breeders is given as The demand function of pet owners for the…

Q: If the utility function of an individual takes the form: U=U (x, y) = (3x+4)2 (2y + 5) where U is…

A: Given Utility function: U=U(x,y) =3x+422y+5 Here U denotes utility, x, and y are the quantities of…

Q: How important the tools of economics in this time of pandemic

A: How important are the tools of economics in this time of the pandemic? Answer: The pandemic…

Q: How do economic incentives interact with pro-social behavior?

A: The objective of this question is to understand the relationship between economic incentives and…

Q: It’s Friday night. You already have a ticket to aconcert, which cost you $30. A friend invites youto…

A: Economics is a social science that discusses human behavior regarding their unlimited wants in terms…

Q: 5. Market Power A monopolist has a cost function C(q) = 2q and faces a demand curve p = 10 - q. a.…

A: A monopolist is a single firm in the market producing unique good

Q: how does libertarianism relate to economics/micro economic

A: The economics that studies the behavior of individuals  and effect of their choices in response to…