License plates in a particular state display 3 letters followed by 4 numbers. How many different license plates can be manufactured if repetition is allowed

Q: The goal of an economist who formulates new theories is to Select one: a.provide an interesting…

A: Economists tend to conduct the researches, monitor trends of economy ,collect and analyze data and…

Q: Assume that you buy a 1-year, 170,000-peso Philippine bond that pays 7 percent when the exchange…

A: Invested amount = 170000 pesoExchange rate, 1 Canadian dollars = 40 pesosInvestment amount in…

Q: Required information er to the above graph to answer this question What is the value of the per unit…

A: The marginal external cost is the additional cost imposed on the third party by producing the extra…

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A: Here we have to analyse the economic growth of both the countries Argentina and Nicaragua.The…

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A: 4. Consumer price index(CPI): - it is a measure of change in the price level, it measures the change…

Q: 12. Which of the following does not use the fee-for-service revenue models? A. online games B.…

A: Fee-for-service revenue model is when a supplier supplies his service to the people and get revenue…

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A: Economists define total social cost (TSC) as the cost incurred by the producers of goods and…

Q: 2. Alice maximizes expected utility with an index u(x) √x where x is the total annual income. Her…

A: In certainty equivalence the preference of the consumer is an assured amount rather a higher return…

Q: Which quality best defines money that does not tie up otherwise valuable resources? durable portable…

A: Money can be defined as the medium of exchange that should be generally accepted.

Q: If the market for hula hoops is characterized by a very inelastic supply curve and a very elastic…

A: The issue addressed in this case is analyzing an outward shift of the demand curve for hula-hoops,…

Q: Does the price control mechanism (price floor and price sealing) to a resource shortage provide an…

A: Yes, the price mechanism gives a positive and negative feedback loop.

Q: There are a variety of costs to be considered in an engineering economic analysis. These costs are…

A: Disclaimer :- As you posted multiple questions we are supposed to solve only the first one.  The…

Q: The discount rate is the interest rate that

A: Correct option is (3).

Q: Consider the preferences represented by the following indifference curves. These preferences are…

A: An indifference curve usually connects points on a graph that represent various amounts of two…

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A: Net tax revenue will be calculated as tax revenue minus transfer payments. The transfer payments…

Q: Exhibit 11.2 Potential output Price level LRAS SRAS P2 P3 AD' AD* AD Real GDP(trillions of dollars)…

A: Market is in equilibrium at the point where the demand is equal to supply. Price at this point is…

Q: Problem 4 Consider an industry in which the typical firm has total cost given by TC = 128+2q2.…

A: Minimum efficient scale (MES) refers to the optimal production volume at which a firm achieves…

Q: Labor required Capital required (person-hours) 200 Method (machine-hours) Т-1 100 Т-2 150 150 Т-3…

A:

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A: Aggregate demand shows an inverse relationship between price level and real output.

Q: In the following table, identify the growth theory used to model each of the following views.…

A: New growth theory laid emphasis on experimenting with new approaches of doing things; new ideas; and…

Q: 3. There are two chicken fried steak restaurants operating in a small west Texas town: Cow Tipper…

A: The dominant strategy is the best course of action no matter what type of strategy is followed by…

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A: Foreign exchange rate refers to the rate at which two nations currencies are exchanged . Two types…

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A: Fiscal policy refers to the changes in the federal government purchases and taxes, which are…

Q: QUESTION 9 A decrease in quantity supplied O a. results in a movement downward and to the left along…

A: Note:You have uploaded more than one question at a time. Hence, we shall answer only the first for…

Q: 1-Use the graph to answer the questions. Typical Computer Firm Price or Cost (dollars per computer)…

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Q: Suppose you had a Bresnahan type of econometric study of the mid-range hotel (accommodation)…

A: The Lerner index gives the value of the market power of a particular firm. It focuses on the pricing…

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Q: The People's Republic of China has an estimated $101.54 trillion of capital with a depreciation rate…

A: The contribution of capital is 0.4 and it would affect the GDP accordingly. The rise in capital…

Q: change in disposable income that is consumed 1

A: Correct option is (D).

Q: Suppose continued terrorist activity forces business firms and government to devote additional…

A: The notion is upon examining the economic consequences of reallocating resources to improved law…

Q: types of savigs vehicles

A: The two main types of saving vehicles are 1. Savings account 2. Checking account

Q: Consider an economy in which taxes, planned investment, government spending on goods and services,…

A: Given information Ca=1500-20r MPC=0.6 I=2450-60r G=1980 NX=-200 T=1750

Q: There are two types of car, distinguished by how fuel efficient they are. Type O is the less fuel…

A: We are going to find the equilibrium quantities for both types of Car to answer this question

Q: Treasury Bonds are both a store of value and a medium of exchange. a store of value, but not a…

A: Treasury bond: It is a debt obligation issued by the US government.

Q: Poinsettia growing is a perfectly competitive industry and all growers have the same costs. The…

A: A perfect competition market, also called an atomistic market, is referred by various idealizing…

Q: 4 Suppose that the inverse demand and supply functions are p = 200- x² and p = x² + 38, respectively…

A: Given  Inverse demand function: p=200-x2             .... (1) Inverse supply function: p=x2+38 p…