main features of calssical economics

Q: According to the misperceptions theory of short-run aggregate supply, if a firm thought that…

A: Aggregate supply represents the total goods and services that producers produce and sell in the…

Q: Examine the fundamental causes of a nation's business cycle fluctuations. Also, examine the…

A: A cycle consisting of expansions and contractions in the aggregate economic activity of a nation is…

Q: What is the importance of mircro economics in pur day to day life?

A:

Q: Ball 7,5 Meal Meal 4,3 Alice and Xitong are deciding whether to attend a ball or go out for a meal.…

A: Since you have posted multiple MCQs of different topics, we will be solving only the first one. if…

Q: A firm is a a given monopolist in the domestic marked but takes price Pu (world price). The…

A: Introduction Monopoly is a market in which there is a single seller and there is no close…

Q: $2.00 $1.50 $1.00 20 27 28 30 35 Millions of Gallons of Milk Per Week Refer to the above diagram for…

A: In any market, equilibrium is achieved at the point where market demand is equal to market supply.…

Q: Industry demand is given by P = 200 – .4Q. The long-run industry costs are such that: LAC = LMC =…

A: Answer -

Q: 1. Suppose the government in a middle-income country announced its policy goal to implement a…

A: Universal health insurance program is a program that provides health insurance coverage to all…

Q: Articulate how economic factors influence acustomer’s ability and willingness to buy products

A: General economic conditions of a country can affect the ability and the wiliness of an individual to…

Q: LO 5 P CUPS OF COFFEE 2 3 4 1 R 0 T S 1 2 3 4 5 6 DONUTS Refer to Figure above. The opportunity cost…

A: The task is to determine the price of changing from point R to point P on a Y axis that depicts…

Q: Suppose the government sets a price ceiling of $20 per gallon of gasoline in this market. What is…

A: Given Supply equation Q=4P and Demand equation: Q=200-P Price ceiling set by government at P=$20

Q: Suppose that a firm is selling a good with a marginal cost of $35. Management estimates demand…

A:

Q: Can you give an example of cost-savings?

A: Answer: Cost reduction is a continuous process of implementing various ways to bring a reduction in…

Q: (a) How can you tell if these cost curves are for the short run or the long run? (b) What does the…

A: Total costs TC equals TFC plus TVC. Total fixed costs (TFC) are the total payment of the firm on…

Q: For a very long time the country of Tofu has had an inflation rate of percent. Saddenly its…

A: According to many theories, higher money supply growth leads to inflation and lower money supply…

Q: In the Solow model, what does the golden rule state? O MPK-n+ delta

A: In the Solow model, a golden rule state is a method of finding the saving rate in the economy which…

Q: Describe the Rational Decision making Process?

A: Rational decision-making is a multi-stage process in which alternatives are selected. The objective…

Q: a. Identify a country that could be considered as having the most closed economy. b. Discuss THREE…

A: * ANSWER :-  *(a)

Q: 3. Labor market Consider Figure 7.10 which shows the unemployment rate and employment-population…

A: The unemployment rate is the rate of the individuals ( or labor to be more precise) that are…

Q: If the marginal propensity to save is 0.2 in an economy, a $30 billion rise In Investment spending…

A: Increase in consumption = Increase in investment spending * Multiplier Multiplier = 1 / Marginal…

Q: The cash flows associated with a public-school building repair project are as follows: costs…

A: Given: Benefit=$600,000 Disbenefits=$90000 Costs=$550,000

Q: 3. In a model of quantity competition, duopolists compete for a market where demand is given by P =…

A: In Stackelberg duopoly, two firms compete in quantity where one firm is a leader and the other is a…

Q: Define market value. How do you differentiate it fromintrinsic value?

A: Market value is the value of a good which is determined by market forces ie demand and supply. It is…

Q: The primary cause of high inflation or hyperinflation is A a continuing decline in velocity.

A: Hyperinflation is a situation when the general price level of goods and services in an economy rises…

Q: 2. Health economics has enjoyed several decades of remarkable growth, but will this growth continue?…

A: The study of healthcare systems and the distribution of healthcare resources is the focus of the…

Q: 3. An electronics plant's production function is Q = 5LK, where Q is its output rate, L is the…

A: Given:- Here we have, Q=5LK, where labour = L=$1 per unit and capital = K=$2 per unit also Q=1000…

Q: 3. Compare treatments for infective and chronic diseases and explain which one is more likely to…

A: A cost or benefit that has an impact on a person who is not directly involved in the creation or…