If the following table is given for product X, draw the graph with the supply and demand curves and identify the equilibrium point (price and quantity). Price Quantity demanded (units) Quantity supplied (units) 3 20 5 15 8 5 18 11 25

Q: YAS = 742 + 15P – 28Poil YAD - 478 – 45P + 18G Suppose initially, the Poil = $93 per barrel and gove...

A: Given: YAS=742+15P-28POilYAD=478-45P+18G Poil=$93 per barrel Government spending=$630 Note: Due to m...

Q: Q4) Assume a market of a specific good. The demand and supply equation is as shown below: Po = 70 – ...

A: Price above the equilibrium results in surplus as quantity supplied exceeds quantity demanded and on...

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A: Game Theory refers to the study of decision making which uses various mathematical models along with...

Q: True or fales questions: 1. The major challenge and critical competitive advantage for any organiz...

A: Answer- "Thank you for submitting the question.But, we are authorized to solve questions at a time.S...

Q: 2020 quantity 50 20 5 Assume a hypothetical economy where consumers buy only potatoes, meat and fish...

A: Inflation is the rate at which the value of a currency is falling and, consequently, the general lev...

Q: The table below provides price and output information for Angela’s weekly demand curve for cheesebur...

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Q: The market demand and supply equations for theme park in a city are given by P=30–0.005QD andP=10+0....

A: CS = area above the equilibrium price and below the demand curve PS = area above the price and below...

Q: I. Increase in interest rates causes the supply curve to shift. II. Monetary expansion causes a decr...

A: Money supply in the loanable funds market refers to the availability of money to lend, whereas money...

Q: .Recently, in the USA we see an increase in CPI of 7.5%/yr. the Fisher equation MV=PY (B). Based on ...

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Q: Consider a municipality with three types of households: A, B, and C. The municipality provides z uni...

A: Individual demand curves : DA= 50 − z ,   DB= 30 − 3/5z,     DC= 20 − 2/5z   Social demand curve is ...

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A: A standard deviation is the measure that how the series is being dispersed in the relevant accordanc...

Q: uppose the city of Strelsau has a 10% property tax on rental properties. Rudolph makes $100,000 a ye...

A: a.)  The city of Strelsau has a 10% property tax on rental properties. Rudolph makes $100,000 a year...

Q: An amount of P14,000 is borrowed at a discount rate of 10%, find the proceeds if the length of the l...

A: In this case the lender already deduct the amount of interest from the loaned amount from the borrow...

Q: Consider a firm which is perfectly competitive in both product and labour markets. Suppose the produ...

A: Production Function: Q=L(32-L) Marginal Product of Labor: MPL=32-2L Price of the output: p=$1.21 The...

Q: Given, Q1 = (4437/32) - (P1/32) Q2 = (7961/35) - (P2/35) TC = 1045 + 12Q1 + 18Q2 Form the profit...

A: Since you have posted a ques with multiple subparts , I have solved the first one for you.

Q: KUALA LUMPUR - The production of chickens in October was 52.05 million birds, but it dropped to 51.4...

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Q: engine. Process A will have a first cost of P750,000, an operating cost of P60,000 per year, and a s...

A: ANSWER for ALTERNATIVE A: ____ ANSWER for ALTERNATIVE B: ____ Calculation given below,

Q: 3. Assume equations 1 and 2 below were estimated from the data gathered that will represent the dema...

A: Introduction We have given demand and supply function. Demand function is Q dx = 65,000 - 11.25 Px +...

Q: P Domestic Demand supply Domestic supply + imports E $8 C $4 Qs Q Qd International Trade Two trading...

A: In free trade market (open economy), the price of the products is likely to fall only those are cons...

Q: The availability of alternative entertainment methods has resulted in a large decrease in  theme-par...

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Q: What is NOT considered as a disadvantage of investing in corporate bonds?    can be defaulted on   ...

A: The corporate bonds are issued to raise fund. Such bonds are considered fixed income securities.   

Q: Consider farms in Ontario that produce corn or wheat on their land. Small farms have land that is va...

A: In macroeconomics, the PPF is the set of points at which a country's economy is allocating its resou...

Q: 4. Standard of living of a country can be raised if it increases A. O Labour force B. O Production C...

A: The standard of living refers to the quality and quantity of products and services available to the ...

Q: In the Malthusian growth model, what happens in the steady state if total factor productivity  goes ...

A: The Malthusian Theory of Population is based on the exponential growth of population and arithmetic ...

Q: In a study, by economist Paul Gertler and Jacques van der Gaag, it was found that the price elastici...

A: Given: The elasticity of demand for poor households=0.67 wealthy households=0.29 Increase in the pri...

Q: A deposit of P1500 is made into a fund on March 18. The fund earns simple interest at 5%. On August ...

A: Firstly, determining the number of days between March 18 and August 5 = 217 − 77 = 140 And the numbe...

Q: Which of the following hypotheses argues that a third variable, "patient", determines both health an...

A: To find : Which hypothesis determines both health and wealth. 

Q: Write out the equation for output growth with capital, labor and total factor productivity as deter...

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Q: Given a utility function of 2 goods X and Y: U (X, Y) = X +Y4, the marginal utility of X [ Select ] ...

A: According to the question, utility function is given as : U(X,Y)=X4+Y4 Marginal utility of good X= ∂...

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A: Given: Number of copies Total cost ($) 1 42 2 44 3 47 4 50 5 54 6 60 7 69 8 80

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A: The markets are the place where the buyers of the goods, and services interact with the suppliers of...

Q: Will an unregulated monopoly end up with normal or with economics profits?  Why or why not?

A:  A monopoly is a market structure in which there is a sole seller and has control over the market st...

Q: all problems in economics are about scarcity, that is, about how to use given resources for satisfyi...

A: All problems in economics are about scarcity, that is about how to use given resources for satisfyin...

Q: 80 400 500 100 320 450 120 240 300 140 160 200 160 80 120 a. Calculate your price elasticity of dema...

A: Price elasticity of demand is a measurement of the change in the consumption of a product in relatio...

Q: . American Girl doll has an inverse demand curve of P= 150 - 0.25Q, where Q measures the quantity of...

A: A firm will maximise profit at a point where marginal revenue is equal to marginal cost and price is...

Q: New line D Quantity Suppose that the production of paper results in waste material being dumped into...

A: Externality refers to spill-over effect of production or consumption of the good on the third party ...

Q: Suppose the cost functions for producing goods X and Y are given respectively by: TC(X) = 100 + 2X a...

A: Economies of scope is an economic concept that the unit cost to produce a product will decline as th...

Q: uestion 11 If i 2%, the value of X in the following balanced CFD is nearest to: 600 500 300 200 100 ...

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A: In economics, total cost is the sum of all costs incurred by a firm in producing a certain level of ...

Q: 1. Assume a competitive firm with a cost function c(y) = y + 10 for y > 0 and with c(0) = 0. %3D • I...

A: A cost function is a formula used to predict the cost that will be experienced at a certain activity...

Q: American and Chinese economies in terms of using global, ethical, political, physical, and societal ...

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Q: 2) Two firms, A and B, are each considering developing a new iPhone app. Whichever firm is the first...

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Q: Problem 5 Refer to problem 4. A new minimum wage of $20 has been enforced. What is the surplus?

A: Surplus: When supply exceeds demand Labour supplied at the new wage $20 is: Qs=1000+20*(20) Qs=1400 ...

Q: Consider the following diagram of the per-worker production function (output per worker as a functio...

A: Supply is the concept which shows the level of quantity that producers or sellers produce or supply ...

Q: explain in a simple way, what is demand?

A: Demand is an economic term that means a consumer's willingness to purchase goods and services and ea...

Q: If MR (marginal revenue) is less than MC (marginal cost), then the firm sould O a. decrease producti...

A: The economics as a study is based upon the idea that resources which are present with the economies ...

Q: A small open economy is described by the following equations: C = 50+0.75(Y-T), I = 200 -20r, NX = 2...

A: IS–LM model, or Hicks–Hansen model, is a two-dimensional macroeconomic tool that shows the relations...

Q: Discuss how economic forces influence decisions about pay. Do U.S. companies pay their chief executi...

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Q: describe capitalism and its major historical stages and how would it be applied in a career context?

A: The region or depicts which depicts the consumption and production of services and goods along with ...

Q: Fill in the blanks in the table below. Nominal GDP Real GDP growth Country growth Population growth ...

A: As per the fisher's equation, Real GDP growth rate = Nominal GDP growth rate - Inflation rate r = n ...