P MC P1 P2 P3 h a b cd e f g ad Q1 Q2 D S Consider the above diagram representing the market for low-skill labour in a given town with one large employer. The dead wright loss to society is equal to the area(s): c+f+d+g d+g a i+f+c+d+g
Q: An important part of the consumer's choice to purchase a brand is the consumer's view of their own…
A: Option (C) is correct - Ethics An important part of the consumer's choice to purchase a brand is the…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Initially the economy is at point C. When money supply in an economy increases, the interest rate…
Q: NEED MODEL DRAWN PLEASE Draw an IS-LM model in general equilibrium. Show the effect of expansionary…
A: A graphical representation of the link that exists between the money market and the goods market is…
Q: Use the AD - AS model in the figure below to answer the following questions. Suppose the economy is…
A: In an inflationary gap, the economy is operating above its potential output (at point C), leading to…
Q: Please help me with question 1 and 6. Thank you
A: Detailed explanation: 1. The dollar-euro exchange rate in the scenario is quoted as $1.05 in New…
Q: Before 1972, futures trading was dominated by agricultural commodities. The spectacular growth of…
A: Step 1: Standardized contracts known as financial futures are exchanged on exchanges and bind either…
Q: Expenditure, E EA E E E₁ Y₁ Y₂ Y₁₂ Actual Expenditure Planned Expenditure Income, Output, Y 5.…
A: The equilibrium level of income and expenditure occurs at the intersection of the planned…
Q: Give proper answer step by step and take a like
A:
Q: Question Three a) Explain what is meant by equity in taxation from the ideal tax policy design…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: When an economy is experiencing a recessionary gap, the likely outcome is a) quickly rising output…
A: A recessionary gap occurs when a country's real GDP is lower than its GDP at full employment, which…
Q: view picture
A:
Q: d) King's Landing (KL) generally runs a trade surplus. Do you think this is mainly related to: (i)…
A: The question is asking to identify the main reason behind King's Landing's consistent trade surplus.…
Q: Fine Farm is a perfectly competitive producer of rice. The adjacent figure shows Fine Farm's…
A: Detailed explanation:Here's how to analyze the situation and determine Fine Farm's optimum…
Q: None
A: Compute expected return for portfolio:Formulas:
Q: Assume that in the short run the demand for airplane tickets are inelastic and in the long run the…
A: A price rise would have varied effects depending on the time frame if the demand for airline tickets…
Q: 2. The SAT scores for 12 randomly selected senior high school students are: 1221 1342 1298 987 786…
A: Step 1:a. Sample mean:To calculate the sample mean, we add up all the scores and divide by the…
Q: Dz D₁ O 0 (A) P S₂ P S 0 (B) D₁ O Sz S₁ D D Q Q (C) (D) Which of the diagrams illustrates the effect…
A: Market Equilibrium without SubsidyTwo curves intersect on this graph:The demand curve (D) depicts…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: To determine the profit-maximizing level of output, the firm will produce where marginal cost (MC)…
Q: Question 2 If interest rates decrease then demand for risky debt will always increase -…
A: The statement "If interest rates decrease then demand for risky debt will always increase" is False.…
Q: ! Required information A project has a first cost of $820000, a salvage value of 20.00% of the first…
A: First, we need to calculate the salvage value. The project has a first cost of $820,000, and after 3…
Q: the price of a dozen eggs falls from $2.50 to $1.50. in response to this price change the quantity…
A: Price Elasticity of Demand: Price elasticity of demand (PED) is a measure of how responsive the…
Q: The table below shows the price of inputs and the price of outputs at each step in the production…
A: Detailed explanation: Since, the final t-shirt is sold for $18.20 to the consumer, as per the…
Q: am. 113.
A: Out of the three options listed, only floating exchange rate with no capital controls will allow the…
Q: Give explanation step by step and take a like
A: Step 1:Calculation of better economic choice for Petrobras is shown below: Formula sheet for the…
Q: The key objective of competitive advertising is to Group of answer choices a)tell people what a…
A: Convincing the target market to select the advertiser's brand over a rival's is the main goal of…
Q: Which factor is critical for leaders to consider when developing diverse teams?…
A: C) Creating an atmosphere that is welcoming to everybody as well as appreciating different points of…
Q: Suppose the money market for some hypothetical economy is given by the following graph, which plots…
A: The equilibrium interest rate and money is determined by the intersection of MSNMD curves. The price…
Q: 31. In a competitive industry: A) all firms will earn above-normal profits if demand is high. B) the…
A: Detailed explanation:Under perfect competition, there are many buyers and sellers, and prices…
Q: Question 13 0/1.5 points Consider the two-period model. Consumer's have preferences over current and…
A: The slope of the budget constraint in the two-period model is given by -(1 + r), where r is the…
Q: How is the equation solved on the bottom line in picture 2? I recieved an answer as attached on what…
A: In the above answer, to allocate resources efficiently over two periods, the present value of…
Q: 1 Taxes and consumption - leisure choice (Ch. 21) Suppose that you can earn $20 per hour before…
A: Detailed explanation:a. Consumption-leisure budget constraintThe consumption-leisure budget…
Q: Describe the top ten communication skills that business leaders search for? Explain.
A: Communication skills are crucial for business leaders, as they are responsible for conveying ideas,…
Q: 1. Draw a country's after-tax marginal product of capital as a function of +. The plot of the…
A: To answer this question, let's break down the components:1. After-tax Marginal Product of Capital…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: To determine the optimal price range for a firm with market power, we need to apply the concept of…
Q: Discuss how the Imposition of taxes enhance supply, demand and government policies in an economy
A: The objective of this question is to understand the impact of taxes on supply, demand and government…
Q: None
A: Suruhanjaya Reid adalah sebuah badan yang ditubuhkan oleh kerajaan British pada tahun 1956 untuk…
Q: ? Question 2.5: What would happen to the labor force participation, employment, and unemployment…
A: The percentage of the population that is either employed or actively looking for work is referred to…
Q: Solve all questions...
A: Aggregate Demand (AD)Aggregate Demand represents the total demand for goods and services in the…
Q: How do you get this answer?
A: let's go through the process step by step.Step 1: Calculate the Marginal Cost of Abatement We'll…
Q: The manager of a Glidden Paint manufacturing plant is aware that MACRS and DDB are both accelerated…
A: When comparing the Modified Accelerated Cost Recovery System (MACRS) and the Double Declining…
Q: A manufacturer gives warranties at the time of sale to purchasers of its product. Under the terms of…
A: Given that 90% of products require no warranty repairs, so no cost for them.4% of products require…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: In multiple regression analysis, collinearity occurs when two or more predictor variables are highly…
Q: The Star Theater is the only movie theater in Hollywood, SC, and therefore it has price-setting…
A: First, let's calculate the profit as a single-price monopolist. The demand curve is given by the sum…
Q: 10 6 8 00 7 6 51 4 3 2 1 Price ($) (30,3) (46.4) (72,4) P W (84,3) 0+ 0 5 10 15 20 25 30 35 40 45 50…
A: The tariff revenue the government collects is represented by the shaded area in the following image.…
Q: Suppose that the supply of credit cards is given by (1/201) X = q, the nominal interest rate is…
A: Detailed Explanation:To find the quantity of money supplied for the money market to be in…
Q: Give introduction step and proper explanation of the answer will upvote. Hand written solution is…
A: The concept of tax incidence refers to the distribution of the burden of a tax between consumers and…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Part bSuppose that Lorenzo works for Clear Drop Co, a perfectly competitive firm producing water…
Q: It is mandatory to give a step by step explanation of the given question.
A: 1. Inverse demand function: P(Q) = A - bQ 2. Individual firm's profit: πi = P(Q)qi - C(qi)…
Q: Calculating the IRR for Project Long Project Long is expected to provide five years of cash inflows…
A: Here's a detailed explanation for better understanding. The image you've provided is a slide from a…
Q: Give explanation answer step by step and take a like
A: Sure, I can help you solve this economics problem. The scenario described is that you have a budget…
Step by step
Solved in 2 steps with 1 images
- Based on the table below kindly check if the answer for Marginal Product is correct. If it is not please justify why.(a) Why does the labour demand curve slope downwards? (b) A garment factory’s production function is provided in the table.The gross profit per unit (difference between selling price and material cost, but not including the cost of labour) is $100. # Workers Output 1 20 2 36 3 48 4 56 5 60 6 62 (i) If the wage rate is $1,000 a week, how many workers should the factory hire? (ii) If a surge in popularity for the factory’s brand allows them to raise the product price such that the gross profit rises to $150, how many workers will the factory hire now? (iii) Calculate the number of garments produced in each of the two cases above.1.The hiring of labour with fixed factor of production under short run after sometimes leads toincrease in cost only. What’s your opinion at what stage of production producer should makeaddition in labour, identify which concept in economics explains the whole situation, justify youranswer why it happens with the help of table and diagrams
- 70 60 50 40 30 20 10 0 $ 0 10 20 30 40 LS MFC VMP MRP 444L 50 01. Assuming the price of the product is $2.00, what is the Marginal Physical Product (MPP) of Labor of the 45-th unit of labor? (a) 10 (b) 20 O (c) 30Mc Graw c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of 2 WorkersOutput TVC($) 3 4 S TP 6 10 80 180 240 Quantity of labour 280 294 TFC Table B TC AVC($) ATC MC($) Prev 1 of 8 SAMSUNG Next >Geralt works for Stregobor as a witcher earning $87,000 a year. He decides to quit his job andbecome a freelance witcher. As a freelancer, he spends $7000 on herbs and weapons. Insurancecosts him $1000 a year. He pays himself $145,000 as a salary. His total revenues for the year are$191,000. Based on this information, what were his economic costs as a freelance witcher?
- Practice Question 1 • If the price of the product is GH¢2.00 and cost per unit of labour is GH¢10.00, Complete the table below. Labour unit MRP - MLC Marginal Product Total Average Total Marginal Total TRP -TLC Marginal Labour Cost Product Product Revenue Revenue Labour Cost Product Product 1 10 10 25 20 3 45 30 4 60 40 70 50 6. 75 60 7 78 70 8. 80 80Please answer questions 3 (b) and (i), (ii) and (iii). Thank you.When hiring a new employee, a business has to pay certain expenses on this employee including wages and nonwage expenses. These extra costs are called: Marginal Revenue Marginal Revenue Product Marginal Labour Cost Marginal Productivity of Labour Marginal Cost