Macroeconomics  Group of answer choices is the efficient allocation of societies scarce resources is how to use our scarce resources to maximize societies well being is studied so society can use its limited resources to its maximum potential and increase well being

Q: Assuming that the apple farmer could earn $2,000 as an employee elsewhere, then the total economic…

A: Introduction Profit is basically difference between the total revenue and total cost. But total…

Q: You have $1,000 that you can invest. If you buy Ford stock, you face the following returns and…

A: The expected return is how much benefit or misfortune a financial backer can expect to get on…

Q: Question 5 (4 marks) Figure 1.1 is a hypothetical economy producing SUV's and Cars. Which of the…

A: Production possibility curve is defined as the combinations of different outputs with a given amount…

Q: Assume the prices of product X and Y are $1.50 and $1.00, respectively, and that Mr. Chen has $24 to…

A: Two products = X & Y  Price of good X (PX) = $1.50 Price of good Y (PY) = $1.00 Total Income (I)…

Q: -ney (even if he/she doesn't have much money) this is known as the ect. 1) Snob 2) Hilfigger 3)…

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first question for you. If…

Q: 5. If an economy has a recessionary expenditure gap, the government could attempt to bring the taxes…

A: Recessionary gap is the gap where economy real GDP is less than Full employment GDP , Government…

Q: What uniform annual amount should be deposited each year in order to accumulate P100,000 at the end…

A: The interest rate is the sum charged on top of the main by a lender to a borrower for the…

Q: Definitions of major macroeconomic indicators.

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Q: 5. Using money creation to pay for government spending Consider Kharkeez, a hypothetical country…

A: Inflation will occur when a nation prints money or fiat currency without increasing its backing with…

Q: Greenhouse gases trap heat and make the planet warmer. Human activities are responsible for almost…

A: The measure that depicts different slices for illustration of a numerical proportion of various…

Q: How Supplier relationship will affect the hospitality industry?

A: It is crucial to realize that the hotel business runs on a very distinct set of principles than…

Q: Q.3 Two firms produce homogeneous products. The inverse demand function is given by: p(x₁, x2) =…

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Q: For a simple interest loan with interest rater (expressed as a decimal), the amount A due at the end…

A: Under simple interest, compounding is done on a fixed principal.

Q: The following price index is available for a product:  Year  Price index  1 (base year)  100 2…

A: Here, the given table provides information about price index for a product in 5 different years over…

Q: Given the demand and supply equations below, show the burden of a 50% tax on the producers. What is…

A: Per unit tax as well as percentage tax if collected from sellers shifts the supply curve upward,…

Q: a. What are the main factors that cause market failure? b. Give examples of different types of…

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Q: Peter got a job offer: he will get $15,000 for every three months before tax, but he has two…

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Q: Suppose that Portugal and Switzerland both produce jeans and stained glass. Portugal's opportunity…

A: Given information: There are two countries, i.e., Portugal and Switzerland They produce two goods,…

Q: Which of the following transactions would be included in GDP? (Select All that Apply) Helpful Hint:…

A: Gross domestic product is the total market value of goods and service  produced domestically during…

Q: This is a graph reprinted from Section 12.1 the Economics of Pollution. Please explain the graph…

A: The above graph has mentioned two supply curves, one is Ssocial and Sprivate. Sprivate is denoted as…

Q: You need to borrow $250,000 right now and can repay the loan in 9 months. Since you want to pay as…

A: Given; Amount needed to be borrowed= ₱250000 Time= 9 months Formula to calculate future value:-…

Q: Ahlam grows carrots in her garden for home consumption. This activity is: a. Excluded from GDP…

A: An activity will be included in GDP when it is produced by the producer and offered in the market…

Q: Question 2 Based on the map, which statement describes the most likely challenge to international…

A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…

Q: A small company that manufactures automatic blowdown control valves (for applications where boilers…

A: The break-even point is the place where total cost and total revenue are equivalent, significance…

Q: Using 2016 as the base year, calculate the Laspeyre’s Price Index for 2021. A    135.60 B    66.73…

A: Ice cream flavor Price in 2016 (Po) Price in 2021 (P1) Quantity in 2016 (Qo) P1Qo PoQo Vanilla 130…

Q: How has economic concentration influenced the utility and energy industry?

A: Seller concentration refers to industrial or economic concentration. In other words, some large…

Q: What was “Reaganomics”?

A: Various economic policies were implemented under the presidentship of Ronald Reagan in order to…

Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…

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Q: Question: Consider two different ways of beating your competition.  One way is to offer your…

A: A perfect competition is the market circumstance where there are countless sellers competing to sell…

Q: If in Ventura county there is an oligopolistic market, where each company has a kinked demand curve,…

A: An oligopoly market structure is when there are few sellers in the market selling identical product.…

Q: Find the monthly house payment necessary to amortize the following loan. In order to purchase a…

A: Given informtaion: A family borrows $70,000 at 12% for 15 years in order to purchase a home.  We…

Q: Consider a product X that nobody would buy for $700 or more. Conversely, for every $2 that the price…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: quantities chosen by firm 1 and firm 2 q1 and q2. The market price is given by p=50-2q1-4q2. Firm 1…

A: Given, p = 50 - 2q1 - 4q2 Firm 1 MC is 2 Firm 2 MC is 2

Q: Your aunt gives piano lessons for $25 per hour. She also can grow tomatoes, which she can arrange…

A: The opportunity cost is the sacrifice of benefit that is received from the next best alternative…

Q: Unemployment will stifle economic development and performance. Use the measures that the government…

A: "A weak economy is detrimental to economic functioning and leadership." It lowers the production…

Q: Determine P & F for the diagram below: P = ? immä 3 4 5 1 month A=500 7 six months A' $1500 Α' F For…

A: Given  For the first 7 months, the monthly payment is A= 500 and the interest rate is 12% per year…

Q: Assume the prices of product X and Y are $1.50 and $1.00, respectively, and that Mr. Chen has $24 to…

A: Budget constraint show the  combination of the good and services which is purchase by the consumer…

Q: A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s)…

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Q: There is an economic impact to losing a customer. Describe 4 ways it can impact a company and if…

A: An person or corporation that purchases products or services from another firm is known as a…

Q: if the price of a good increase and the good is a normal good the budget constraint will pivot…

A: In economics normal good is stated as the good which gradually experiences an rise or overall…

Q: How many years will it take for an initial investment of $25820 to grow to #43448? Assume a rate of…

A: Introduction Compound interest is when you earn interest from interest by reinvesting the money you…

Q: Norway is one of the larges exporters of oil. At the end of 2019, the global price of oil fell…

A: Here, it is expected that the price of oil, a final good that Norway exports to the majority of…

Q: if the price of a good increase and the good is a normal good the budget constraint will pivot…

A: Budget constraint: It refers to the goods and services a person can buy from their budget. It is the…

Q: When economists consider the output of all U.S. businesses as a single entity, they are treating…

A: The output level of Economy  In an economy, the output is regarded as the number of commodities or…

Q: There is an increase in the number of adverts highlighting the danger of consuming sugar. Which of…

A: If there are a lot of advertisements showing the harmful effects of consuming sugar then people will…

Q: Pricing criteria based on company's objectives SEATWORK #5 Objectives 1. Sales Volume Turnover 2.…

A: In a market, the pricing strategy of a firm will give an overview of its objective and the market…

Q: INFORMATION NEEDED TO ANSWER THE QUESTION IS BELOW, AND THE QUESTION IS AT THE END. THANK YOU! Gas…

A: Equilibrium Equilibrium is considered as the point in the market at which the demand and supply in…

Q: Assume the real interest rate increases from 5% to 6%, the interest elasticity of money demand is…

A: Interest elasticity of demand illustrates the proportional change in the quantity of money demanded…

Q: An economy produces two goods: hot dogs and burgers.  In 2014, 15 hot dogs are produced at a price…

A: Given the price of hot dogs in 2014 = $2 Price of burger in 2014 = $7 Price of hot dog in 2015 = $4…

Q: Assume a consumer has current-period income y=200, future-period income y'=150, current and future…

A: Given information Current income  Y=200 Future income Y'=150 Current tax t=40 Future tax t'=50…