If a good is free, when will a consumer stop wanting to buy the good? Once the total utility equals zero At the quantity where marginal utility is at its maximum Once the marginal utility equals zero When marginal utility is negative Once the marginal utility equals total utility

Q: Suppose that many varieties of lettuce have been damaged in a particular season by disease. Only gre...

A: According to the question, percentage change in price of green leaf lettuce is 50% and percentage ch...

Q: Suppose the price of crude oil increases and we produce just enough crude oil for our own consumptio...

A: Here, it is given that the price of cruise oil increases and there is no export or import of crude o...

Q: Present value of lifetime earnings (1 of 3) Arun, a high-school graduate, is considering whether to ...

A: Since you have posted multiple questions, as per guidelines we can solve only one question per sessi...

Q: Price £/unit E B. 'D3 D1 D2 Quantity Figure 4 Supply and demand curves for a normal good Figure 4 sh...

A: Macroeconomics and microeconomics are the two important branches of economics and both are important...

Q: In the context of the monetary approach to the determination of the exchange rate, what is the effec...

A: Exchange rate - The exchange tells us about the worth of the currency of one country in comparison t...

Q: given the following calculate the Household Consumption Expenditure GDP at market prices 1,669.4 ...

A: Household consumption expenditure represent the expenses incur by household on consumption of goods ...

Q: If the budget line rotates from blue to red. Consumption Next Year B Consumption Today The interest ...

A: since you have asked multiple questions and according to policy we can solve only 1 question and for...

Q: Explain how the push and pull factors can affect the purchasing process.

A: Push factors are important because they help predict demand, allowing you to know future product and...

Q: Please explain the relationship between bond market and money market. Explain the process how an inc...

A: When talking about the relationship between bond market and money market, it can be said that these ...

Q: The single entity of interest is a single Sample O Unit Variable Statistic

A: When talking about entity of interest, it implies the parties or stakeholders related to a specfiic ...

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to...

A: The revenue of a firm can be calculated by multiplying the price of goods by quantity. Total Revenue...

Q: 12. Given the input-output matrix Industry Oil 180 36 72 72 Industry Final Demand Housing 144 Health...

A: Following are the demand and input-output combinations which are provided -

Q: If demand for the peach industry is given by P=100-.04Q and supply is given by P=.01Q.Assume the mar...

A:

Q: True or false? In a 2-person economy, if the endowment is on the contract curve, there exists no exc...

A: To find : Whether the statement is true or false 

Q: R-61 [Review Question] I. F=A(F/A, 1%, 6) II. F=A(F/A, 1%, 5)(P/F, 1%, 1) III. F=A(P/A, 1%, 5)(F/P, ...

A: Given information: Annuity = A Years = 6 Interest rate = %

Q: The following diagram shows supply and demand in the market for laptops. Use the black point (plus s...

A: The markets are the place where the buyers of the products tend to interact with the sellers of thes...

Q: A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the p...

A: Original CPI=185.4Current CPI=210.7Now,Par value=Current CPIOriginal CPI×1000Par value=210.7185.4×10...

Q: If the price elasticity for bananas at the farmers' market is 1.5, is demand elastic, inelastic, or ...

A: Let's first understand what's actually the concept of elasticity of demand.  The elasticity of deman...

Q: c. Shift the appropriate curve to show the long-run adjustment. Then place the points for short-run ...

A: In the long run economy, with the market share and having a shift in the SRPC, it is an important re...

Q: QUESTION 19 The competitive market price of long-haul trucking is $3 per ton-mile. Red Raider Trucki...

A: Answer: Given, Total cost function: TC=29.6875+1.75Q+0.025Q2 Marginal cost function: MC=1.75+0.05Q P...

Q: How does SAT performance influence occupational andeconomic achievement?

A: SAT scores have a positive relationship with economic achievement.  A higher SAT scores means a high...

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: The next two questions are about the labor market for upholsterers, who are people who do custom uph...

A: Labour demand is defined as the amount of labour that employers seek to hire during a given time per...

Q: QUESTION 6 An increase in the price of a complement would make the curve shift to the CA supply and ...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: 17.) Which of the following goods would you expect to have the highest price elasticity of demand? a...

A:   Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: An increase in the income tax rate in an attempt to decrease a country's debt-to-GDP ratio may not b...

A: The debt-to-GDP ratio measures the proportion of a country's national debt to its gross domestic pro...

Q: Discuss the goals of regulatory frameworks with regards to reasons governments manage regulate-es an...

A: There are many reasons behind the regulatory framework of government, government intervention is nee...

Q: You learn that 1 year interest rates in Mexico are 10%, vs the US rates which are 2%. You have $1,00...

A: We have: Interest rate in Mexico = 10% per annum Interest rate in US = 2% per annum We have = $1,000...

Q: P = KR/M equation is given by O Robertson O Marshall O Irving Fisher Pigou Next

A: This equation mentioned below is given by Pigou to express his thought about cash balance approach i...

Q: efer to the above table . The model will produce ( operate ) in which of the following outcomes : O ...

A: Answer is given below

Q: Question 6 Listen> For questions 6 - 9, YOU MUST set out the amount owing in numbers, only, without ...

A: Answer (6): The firm should pay only the amount that it owes since it paid the last paycheck to Sele...

Q: Which of the following illustrates noncontractual exchange-rate risk? A. A U.S. importer will owe £...

A: Exchange rate risk is defined as the risk that is suffered by a firm engaged in international trade ...

Q: 9. Scarcity means O Non-availibility of goods O High price of goods : O Less supply than demand

A: To find : What is scarcity 

Q: How is the social status and income of a consumer predisposes an individual to better health? (ple...

A: Socioeconomic Status:- A person's or an institution's economic status is their societal rank or stat...

Q: What would be the effect of an unexpected increase in the price of oil on a graph showing aggregate ...

A: In an economy, aggregate demand and aggregate supply curves are the graphical representation of the ...

Q: Your mom wants to invest in a project that costs $10,000 today. twill produce a cashflow of $12,000 ...

A: Given  Initial investment =$10,000 Cashflow at the end of the year =$12,000 Rate of interest r=10%

Q: Question 1 A student club wants to raise just enough income to cover its costs. Its income comes par...

A: Economists use the term "demand" to define how much of a product or service people are willing and a...

Q: A.) a.1 Plot or graph the data. Interpret the results. Price (S per gallon) 1.00 1.20 1.40 1.60 1.80...

A:

Q: ATC 10 20 35 45 0 Quantity of Output (Units) Refer to the above graph. At the profit-maximizing leve...

A: A monopolistically competitive firm produces at MR=MC in the short run to maximize profit.  MR and M...

Q: 4. Some economists believe that the CPI overstates inflation compared to the GDP deflator due to: a....

A: The Consumer Price Index (CPI) measures the average change in prices over time that consumers pay fo...

Q: Your company grant you a P 100,000 loan for personal purposes. The annual payment is P 8,880 and the...

A: Given:- Present value of loan=P 100,000 Interest rate=8% or 0.08 Afford to pay(Annual payment actual...

Q: 24. What is the GDP of country X? 25. What is the per capita GDP of Country X?

A: The term GDP means the aggregate total output produced by a country in the current year. This produc...

Q: In the ADT/ASI model, the equilibrium inflation rate is O a. The target inflation rate O b. The rate...

A: The ADπ/ASπ model refers to the representation of the goods market through mathematical and graphica...

Q: A plant erected to manufacture socks has a first cost of 10,000,000 with an estimated salvage value ...

A: The periodic contribution can be calculated with the following formula   P = Depreciating amount x R...

Q: The difference between private cost and social cost is that A) social cost only considers the extern...

A: Private Cost is the cost of producing a good or service.  Social Cost is the sum of private and exte...

Q: The first cost of an equipment is 65000 and a salvage value of 3000 at the end of its 6 year life. f...

A: Given  First cost of equipment (FC)=65000 Salvage value SV=3000 Useful life (n) =6 year We have to f...

Q: In a supply-driven economy, which of the following statements are correct? Select all correct statem...

A: To find : Correct statement regarding supply driven economy 

Q: 14. Country A has a GDP of $400,000, and country B has a GDP of $100,000. The standard of living in ...

A: GDP is the value of all final goods and services in the economy in a given year produced within the ...

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...

A: Perfectly competitive market: - it is a market condition where there are many buyers and many seller...

Q: - All inputs can be varied in O Short run O Long run Both neriods

A: To find : How can be inputs varied.