If we know a firm's demand for an input then we can derive the firm's a. mission, vision, and values b. output supply c. opportunity cost O d. stock price
Q: what were Lionel Robbin's two examples of monetary economics that were inappropriate when he…
A: Lionel Robbin explained the theory of scarcity of choice. He explained that the resources are scarce…
Q: If inflation is expected to steadily decrease in the future, the term structure of interest rates…
A: Inflation is commonly defined as a broad measure, such as an increase in overall prices or the cost…
Q: The Federal Reserve System achieves its goals in the following way O A. controlling interest rates…
A: Fed changes use different methods to change the money supply and achieve its desired goals. Some…
Q: What is green economics. Explain in more than 150 words.
A: A approach of economics known as "green economics" aims to simultaneously satisfy the needs of…
Q: Consider perfect competition and monopolistic competition. In which market structure(s) will we see…
A: Perfectly competitive market is characterized by the presence of homogeneous product. while the…
Q: At the given wage and price level, Blewitt's should hire Suppose that the price of blueberries…
A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…
Q: Let (inverse) demand be Pb = 81 - 6 Qb and (inverse) supply be Pv = 17 + 3 Qv. Consider the shift in…
A: Given Demand function equation: Pb=81-Qb (1) Initially, the supply equation: Pv=17+3Qv The…
Q: By having such an influence on the economy, the Fed also indirectly affects your home's value and…
A: functions of Federal reserve are Conducting monetary policy – The federal reserve aims to conduct…
Q: Assume a fixed MC across the two firms MCA = MCB = 4. Assume further that they both face a mark…
A: Firms under imperfect competition have varying degrees of control over the prices of the products…
Q: explain the formula in the picture and what the elements stand for? Please answer fast
A: The total amount of money created by central banks in an economy is known as monetary base. It is…
Q: According to the Neoclassical theory of income distribution, factor prices are determined by a.…
A: The ease or equality with which income is distributed among the people in a society is known as…
Q: E1 Kazakhstan is a “small” country that cannot affect world prices. Their demand for coffee is…
A: A closed economy is known for its trade situations when the nation is not involved in international…
Q: When will a monopoly be economically efficient? a if it produces where the marginal cost equals…
A: Allocative efficiency is when the production is where P = MC P is the price MC is the marginal…
Q: Which of the following is most likely to happen as an economy moves along a production possibility…
A: Option - A : Marginal costs of producing more services will rise, but allocative efficiency may…
Q: a) For every additional inch in height, students weigh, on average, [a] pounds more. b) For a given…
A: A regression analysis shows a causal relationship between dependent and independent variables. A…
Q: If you increase the total amount of labor, the labor constraints curve becomes flatter. true or…
A: Labor constraint curve is the one which show the relationship between the labor and the wages which…
Q: Which of the following policies will shift the IS curve to the right a) An increase in the…
A: The IS curve depicts all income (Y) and real interest rate (r) pairings that result in an…
Q: Suppose that Pretzel stands in NY are a competitive industry and De Beers Diamonds is a monopoly.…
A: In perfect competition, A firm will produce where P = MC. P is the price MC is the marginal cost.…
Q: The commercial banking system has excess reserves of $3,000. Then new loans of $30,000 are…
A: Reserve are the part of deposit that is kept out of deposit by the banks. Multiplier = 1/r Where r…
Q: binding (effective) price floor will
A: Here the price floor is the minimum price that a producer should receive for its product. A binding…
Q: Three neighbors share a private dirt road off the main highway that leads to their homes. The Huang…
A: A proportional tax is the rate of tax that remains the same for all the income types of groups.…
Q: Pure, or economic, profit is the return required to retain entrepreneurial talent in that line…
A: A company's profits are determined by deducting its total cost from its total income. By deducting…
Q: Price $2.00 $2.50 $3.00 $3.50 O surplus; increase O surplus; decrease Quantity Demanded O shortage;…
A: Prices, as we will see, represent both the value of the next (or marginal) unit to the buyer and the…
Q: QUESTION 12 Assume that there is an increase in the value of the marginal product of land. What can…
A: In economics, marginal product refers to the additional amount of output generated by the firm when…
Q: For each of the following scenarios, identify the number of firms present, the type of product, and…
A: Forms of Competition: Business firms work in one of 4 primary market structures - pure/perfect…
Q: what is a fiscal policy what is a monetary policy -give an example in todays economy. thanks for…
A: The central bank's actions to regulate the money supply are referred to as monetary policy. To…
Q: ne practical limitation with Keynesian economics is the challenge of implementing active economic…
A: The numerous macroeconomic theories and models of how aggregate demand significantly affects…
Q: Q=10L 0.5 K 0.5, where Q is the output off... 2. Q-10L0.5 K0.5, where Q is the output of Chianti (a…
A: There is many factor of production just like land , labor , capital etc by using those factor firm…
Q: It is assumed that everything else stays constant. The economy has Consumption $90, Investment…
A: Aggregate Demand has four components, namely, Private consumption expenditure( C) Private…
Q: The Annual Worth (AW) value is comprised of two components. These components are: a. CR + A b. AW…
A: Present value is the value of investment in today's dollar. Future value is the value of investment…
Q: Following an increase in supply and an increase in demand, the market is producing more at a lower…
A: An increase in the supply is reflected by a rightward shift of the supply curve. An increase in…
Q: 1. What are the main origins of international financial crises? Explain each in detail.
A: The global financial crisis (GFC) alludes to the time of intense pressure in worldwide financial…
Q: The best optimal production of two goods is where the isovalue line is tangent to the labor…
A: The isovalue lines represent the relationships between two commodities that can be produced using…
Q: Which one of the following statements describes a shortcoming of the Federal Reserve's monetary…
A: Main function of Federal reserve are Conducting monetary policy – The federal reserve aims to…
Q: Firm A Firm B Low Price High Price Low Price 5,5 6,3 High Price 3,6 7,7 What is/are the Nash…
A: The Nash equilibrium is a decision-making theorem within game theory that states a player can…
Q: The current poverty level for a single household is $12,760 . For a house hold of four it's…
A: Medicaid is referred to the government program, which helps in paying up the medical cost for the…
Q: Which of the following will shift the short-run aggregate supply up and to the left? A) An increase…
A: In economics, aggregate supply or domestic final supply is the total supply of goods and services…
Q: Suppose you have $100 to invest. You can hold it in cash, you can deposit it in some savings account…
A: Here, three options are available to invest $100. This $100 can be kept as cash, in savings account…
Q: a comparative advantage in orange production. an absolute advantage in orange production. a…
A: Mexico can produce either 200 bushels of oranges per acre or 200 bushels of bananas per acre.…
Q: Suppose the fed were to sell off $500 worth of used office furniture to private citizens. Explain…
A: According to the Federal Reserve, bank reserves are the sum of money that a bank is obligated to…
Q: What is the average variable cost associated with 38 units of output? $1.05 $.95 $.42 O $1.37
A: Total cost refers to the total amount of cost involved in producing the goods and services. These…
Q: Suppose that every driver faces a 1% probability of an automobile accident every year. An accident…
A: Actuarially Fairness In economics, an insurance contract is known as actuarially fair if its premium…
Q: 17-3. The residential division of Prism’s high speed Internet service uses one advertising agency…
A: The difference-in-differences method is a quasi-experimental methodology that compares the changes…
Q: 3.2 Practice Nar 1.) Using the Knaster Inheritance Procedure, describe a fair division for three…
A: A B C House 145000 149999 165000 Farm 135000 130001 128000 Sculpture 110000 80000 127000
Q: M1 and M2 are two measures of money supply. M1 includes only the most liquid forms of money like…
A: The money supply is the entire amount of money in circulation (cash, coins, and bank account…
Q: whether the firm should start to produce because in the first unit the MC is more than the price…
A: In a competitive market , A firm will produce where P = MC P is the price MC is the marginal…
Q: The theory of comparative advantage is credited to Group of answer choices Adam Smith. John…
A: The concept of "comparative advantage" basically refers to a country's capacity to manufacture a…
Q: Problem Set 4 Suppose the following transactions occur during the current year: 1. Lorenzo orders 60…
A: The total cash value of all the goods and services produced in an economy during a given time period…
Q: When one country can produce a product at a lower cost in terms of other goods, that country is said…
A: Opportunity cost is the cost of producing one good in terms of other. Opportunity cost shows the…
Q: Problem 1: Labor Unions. The aggregate supply of cricket players is given by w = 75 + 2L and the…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Step by step
Solved in 2 steps
- Plans that are implemented by middle managers that explain how the company will use resour ces budgets, and people from 6 months to 2 years is a O a. Standing Plan a. Ob. Strategic Plan O. Budget Plan O d. Tactical Plan Oe. Contingency Plan1. Fill in this chart and explain why the firm earnsa profit no matter how many units they produce or the price they choose. 2. Using this data, how many units should this firm produce and what price should they chargeassuming they want to profit maximize.What is the objective that the organization intends to achieve? a. optimize profit b. minimize cost O c. maximize returns O d. both and b O e. both a and c O f. both b and c g. a, b, and c Check
- 26. Al Shaihani is a halwa manufacturer which is famous for Omani Saffron Halwa. They wanted to increase their supply of halwa for the coming month of August 2021. However, due to COVID-19 Pandemic, the only available resources they could change are the number of their workers. Determine which type of production period Al Shaihani business is facing? a. Mid-run b. Long run c. All of these d. Short - runQUESTION 8 Economic profits may result from: O a. innovation W O b.risk taking c. exploiting market inefficiencies O d. all the above C e. a and bFood Fanatics caters meals where its costof producing an extra meal is $25. Each ofits meals sells for $20. At this rate, whatshould the company do?a. Produce more meals and increase itsprofit.b. Produce fewer meals and increase itsprofit.c. Not change production.d. None of the above.
- 1. Maximizing profits means to ______. a. create a balance between seeking economic profits and seeking accounting profits b. reinvest accounting profits in an effort to increase production outputs in the long run c. increase the difference between what is given up for inputs and what is received for outputs d. operate in an output range in which the firm experiences constant returns to scale 2. A firm’s profits are calculated as the difference between ______. a. all the money received for its products and all that was spent to produce them b. the cost of producing the firm’s last unit and the firm’s average per-unit cost c. the cost of production in the short run and the cost of production in the long run d. the maximum market price accepted for the firm’s product and the cost to produce it 3. What is the term used to describe total revenues minus total explicit costs? a. marginal benefits b. economic profits c. accounting profits d. marginal costs 4. Which of the following must…Economic profits may result from: a. innovation Ob. risk taking c. exploiting market inefficiencies d. all the above e. a and bThe model suggests that a company has a series of processes that adds value to final products and services. Select one: O A. Innovation strategy O B. Strategic systems O C. Value chain O D. Mass customization
- Please answer fats i give upvote.1. If firm 1 chooses to sell for $2 and firm 2 chooses to sell for $2.50 A. How many goods can firm 1 sell B. What are firm 1 today revenue C. What are firm 1 total cost D. What are firm 1 profits E. How many goods can firm 2 sell F. What is firm 2 total revenue G what are firm 2 total cost H . What are firm 2 profit18. Which of the following are short-run decisions and which arelong-run decisions?a. General Motors decides to add a second shift to itsArlington, Texas production plant.b. Gotham Foods International chooses to exit the restaurantindustry to concentrate on its wholesale grocerysupply business. c. The Sahara Hotel and Casino in Las Vegas closes two of itsthree hotel towers in response to low demand.d. Tony Andretti, owner of Tony the Taxman, hires five newCPAs to work at his tax preparation business.e. German tool and appliance manufacturer Bosch enters theelectric bicycle industry in 2010.f. General Electric builds a new offshore wind manufacturingplant in the United Kingdom.