Option A:

Q: Suppose an individual demand curve is given by P = 50 - 5Q, where P is the price of pizza and Q is…

A: Consumer surplus is the distinction between the thing a consumer will pay for a decent and what he…

Q: Refer to the following table of Annual GDP in the US. Year Nominal GDP Price Index Real GDP $1,878…

A: Real GDP for 1986 can be calculated as follows: Real GDP1986=Nominal GDPPrice…

Q: The three figures below show the phases of a disinflation. In part (i), the economy is experiencing…

A: The AD-AS model shows the interaction between total demand and total supply at the macroeconomic…

Q: Aaron has an option to choose from four forms of employment: full-time, part-time, contractor or…

A: In this case, we have to find out the total cost curve for four forms of employment choices i.e.…

Q: A 6 times-interest-earned ratio is considered acceptable.   Question 11 options:   1) True   2)…

A: In economics and finance, interest earned ratio or interest coverage ratio refers to the ratio that…

Q: The purchase of a used pick-up truck for $9,000 is being considered. Records for other vehicles show…

A: Annual cost of owning and operating the truck: Fuel cost = $990 Oil, tires, and repairs cost = $990…

Q: Sandra and Mary live next to each other. Sandra has a dog that she walks every day. Sandra has to…

A: Externality refers to the external costs and benefits that are imposed on someone without their…

Q: This problem gives you a preview of something you might see in a microeconomics class. Suppose…

A: Total revenue is price times quantity.  Marginal revenue is the slope of total revenue.  It measures…

Q: Explanation for option e is not mentioned

A: correct answer is (d) a code of conduct for business is an agreed-to written document created by…

Q: 1. Suppose the central bank decides to lend $2million to a particular bank (Kangaroo Bank) on the…

A: When a certain sum of money is deposited in the bank, the bank keeps a certain proportion of the…

Q: "My conclusion is that, while we know equilibrium quantity will rise, we cannot say what happens to…

A: Equilibrium is achieved at a point of intersection of demand curve and supply curve.

Q: You have been offered a very long-term investment opportunity to increase your money one…

A: The internal rate of return (IRR) is a measure of estimating the probability of potential…

Q: c. find the profit maximizing level of output for the firm (I've given the marginal cost curve…

A: Answer to part c.

Q: Hello! Could you please help me with this question. The marking scheme says that option A is the…

A: Option A is correct.  Till 3 units of biscuits, Marginal Utility is increasing at an increasing…

Q: hen Taylor Swift released her second re-recorded album, Red (Taylor's Version), assume her record…

A: Optimal price in the above case would be the one providing highest profits for the organisers of the…

Q: Required Information Parker Hannifin of Cleveland, Ohio, manufactures CNG fuel dispensers. It needs…

A: One of the important measure used in financial planning to determine an asset's future value is the…

Q: The town council of Frostbite, Ontario, is trying to decide whether to build an outdoor skating rink…

A: Profits are maximised when marginal revenue equals marginal cost or when the difference between…

Q: suppose two firms compete as Cournot Oligopolists. The profit functions of these two firms are T =…

A: Best Response Function of firm1  :  q1 = 65  - 0.5q2  Best Response Function of firm 2 : q2 = 65 -…

Q: Show the possible effect of this free entry and exit by shifting the demand curve for a typical…

A: In monopolistic competition, profit is maximised at a point where marginal revenue is equal to…

Q: The first fill in the blank options are (1/2 pair, 1/4 pair, 2 pairs, 4 pairs) The second fill in…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: 1. A university lab is a research contractor to NASA for in-space fuel cell systems that are…

A: Electric-powered Gas-Powered Solar-Powered First Cost -4500 -3500 -6000 Annual Cost -900 -700…

Q: In a repeated game of Bertrand competition, suppose two firms are playing the grim trigger strategy.…

A: Grim Trigger Strategy us defined as a strategy which is used on repeated prisoners dilemma where a…

Q: First blank option is "use" or "not use" Second blank option is "0" or "between 0 and 300" or…

A: Economic profit is a measure used in economics to determine the profitability of a business or…

Q: A3: In the ISLM model, if consumption depends on interest rate and income, i.e.: C= co + ciY – c2T…

A: Given; Consumption function; C=c0+c1Y-c2T-c3r where; Y= Income T= Taxes r= interest rates

Q: If the supply of used guns is perfectly elastic, a gun buyback program will [Select] 3. Imagine that…

A: Elasticity is defined as the responsiveness of change in one variable.When changes in price will…

Q: You are a college sophomore who tutors fellow classmates in your free time for extra money. With…

A: Present value (PV) is a financial concept that represents the current worth or value of future cash…

Q: Consider a person who is endowed with 10 units of P and 10 units of G. If you observe the person not…

A: We will answer the first three subparts only. Please resubmit the other part separately in case you…