Question 10 The slope of the isocost is the same as O Marginal rate of substitution O Price of labor O Isoquant O Wage divided by rent

Q: Alfred is a Partner. His dependent daughter wants to try making investments using an app on her…

A: Investment means formation of capital during and year  a good investment fetch better return in the…

Q: Kate and Jon Alden are 37 years old and have one son, age 5. Kate is the primary earner, making…

A: Insurance is a risk management tool that provides financial protection to individuals and…

Q: Why do economists say that people tend to be risk-averse?

A: Different individuals have different preferences towards risk or uncertainty. Most individuals are…

Q: A and B are best friends for almost 20 years already. They live next to each other and hang out with…

A: Answer-

Q: It’s important to consider the pros and cons of possible career changes. True or false

A: When the person change his or her career for any reasons there are so many pros and cons of changing…

Q: Hello can any one help with this Economics question: A manufacturer of blades knows that 5% of his…

A:

Q: There are many tax rules and regulations you should be aware of when investing-whether it be in…

A: Tax savings from waiting = Taxable profit*(ordinary income tax rate - capital gains tax rate)

Q: . Priyanka has an income of £90,000 and is a von Neumann-Morgenstern expected utility maximiser with…

A: Expected utility is a concept in decision theory that helps individuals make rational choices under…

Q: If MUx/Muy = Px/Py and X = 10; Y =10; MUx = y/x ; MUy = 1/2 find the value of Px and Py

A: Given: MUx/Muy = Px/Py X = 10 Y =10 MUx = y/x MUx=10/10 MUx=1 MUy = 1/2

Q: b) What would be the highest price (premium) that she would be willing to pay for an insurance…

A: To determine the highest premium that Priyanka would be willing to pay for full insurance against…

Q: 2) Veronica is going to sell two vases to a dealer. She can sell each vase for $10. In order to…

A: Veronica is risk neutral person which implies that utility from expected wealth will be equal to the…

Q: A country is ruled by a military junta. The two key members do not really trust each other, and are…

A: Extensive form of the game can be given as follows :  As per the information game starts with…

Q: COVID-19 has caused several shortages: paper products, hand sanitizer, and even nurses. When a…

A: If the number of travelling nurses increases by 3%, the weekly pay of travelling nurses decreases by…

Q: close to the coast, you consic flood insurance for your hom In your area, the cost of flooC $772. If…

A: *answer:

Q: Cameron sells premium steak at the local market. He has a lot of customers due to the promising…

A: Price discrimination is a pricing strategy in which the same provider offers the same or…

Q: A new product is built and ready to launch. If successful, it will lead to a profit of $50,000. If…

A: The sum of probability of being successful and the probability of being unsuccessful will be equal…

Q: Five causes of child mortality in Ghana

A: Child mortality is the number of children who died under the age of five. The child mortality rate,…

Q: Suppose you are the mayor of a town and you want to increase safety at an intersection. A traffic…

A: Given information: Installation of traffic lights will increase safety and reduce the fatality risk…

Q: extensive form

A: A "choice maker" refers to a character or entity with the authority or duty to make selections or…

Q: True or false: Discuss if False Homoscedasticity means that E (e^2)

A: Answer- Need to find- True or false: Discuss if False Homoscedasticity means that E (e^2)…

Q: COVID-19 has caused several shortages: paper products, hand sanitizer, and even nurses. When a…

A: We are going to use present value concept to answer this question. Suppose we have future cash flows…

Q: What is value-based- purchasing, was it successful for reducing unnecessary utilization.

A: Payments to health-care providers are linked to improved performance. This method of payment holds…

Q: Define political risk assessment (PRA)?

A: Political risk assessment (PRA) which is also known as political risk analysis is a tool in risk…

Q: COVID-19 has caused several shortages: paper products, hand sanitizer, and even nurses. When a…

A: It makes sense for nurses to quit the regular job and to take travelling nurse job as the pay of…

Q: Equalizing difference recognize that people are motivated by benefits beyond monetary compensation…

A: Monetary compensation refers to the payment of money to an individual or entity in exchange for…

Q: I am in possession of two coins. One is fair so that it lands heads (H) and tails (T) with equal…

A: As the coin is fair the probability of the head and tail coming is half each.However, the weighted…

Q: You are considering taking an econometric software course: R or STATA. The tuition is $1000, and…

A: There are two alternative options for the student - => To buy any course now without waiting…

Q: Suppose that you own a used car dealership. You want to sell a 2005 Honda Civic LX. You know that…

A: The greatest quantity of money a customer is inclined or willing to spend on a product or service is…

Q: As an employer, suppose you find it costly to monitor employee effort 100 percent of the time.  What…

A: (Q) As an employer, suppose you find it costly to monitor employee effort 100 per cent of the time.…

Q: Demand for your firm's products is related to the state of the economy. If the economy is expanding…

A: Expected annual sales imply the anticipated or forecasted total revenue that a business or company…

Q: Jack and Diane work at a bakery. Jack can make either five batches of cookies or two cakes per hour,…

A: Here we will use the concept of absolute advantage. The worker who have advantage in producing cakes…

Q: what is the risk

A: Risk is characterized as the likelihood that the actual returns on an outcome or investment will…

Q: Determine your optimal bargaining strategy (i.e., your optimal first and second offer) by following…

A: If demand is high, the retailer would be willing to pay more for your product. Therefore, you would…

Q: Does CBA guarantee allocative efficiency? Why/why not?

A: CBA (Cost Benefit Analysis): It is a method of calculating the potential costs and benefit of a…

Q: Find f'(t) if f(t)= - 3t² +2t+7. f'(t)= (Simplify your answer.)

A: f'(t) is the first order differentiation of f(t). So we find df(t)/dt to get the required results.

Q: Suppose you play a game with a spinner. You play each game by spinning the spinner once. P(red) =…

A: Let's add values in the last column of the table to obtain the Expected value. So,…

Q: Marke is 22 years old, and has just been offered a job as manager of a clothing store in a nearby…

A: Mark' s behaviour related to the attitude of business is to earn money and makr profit . Then every…

Q: Explain the responsibilities businesses have toward theiremployees.

A: An enterprise is defined as an enterprise or organisation engaged in commercial, industrial or…

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.