Question 7 What is PESTEL analysis used for? examining the situational impacts on a corporation O examining how a corporation impacts society analyzing competitor advantages O performing financial estimates

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A: Ans. ) Given the question is related to the concept of the elasticity of demand. Elasticity of…

Q: Calculate the sample standard deviation for the following data set. If necessary, round to one more…

A: Step 1: Find the meanx̄ = ∑xi/nwhere:xi = values n = sample size = 20 x̄ = ∑xi/nx̄ = (930 + 750 +…

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A: Explanation; The yield to maturity (YTM) on your loan must be less than 15% because your payments…

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A: Detailed explanation:Nominal GDP for Each Year2010 Nominal GDPNominal_GDP_2010 = (200 * 2) + (200 *…

Q: Assume we have the following simple Quantity Dependent demand and supply system for steel: Demand:…

A: #2 k) The values of equilibrium price and quantity are the same as that were in part (b){equilibrium…

Q: 10:50 A ccdc.instructure.com Question 2 1 pts Supportive response The nonverbal messages sent by our…

A: Nonverbal messages sent by our gestures can include a wide range of signals such as body language,…

Q: Kevin likes to eat Sour Patch Kids and Gummy Bears. He considers them to be substitutes. The grocery…

A: There are two goods, Sour Patch Kids and Gummy Bears. Now, it is given that both are substitutes.…

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A: a)  Inflation: Definition, Causes, and Consequences Definition of Inflation Inflation is the rate at…

Q: A study conducted at Virginia Commonwealth University in Richmond indicates that many older…

A: Step 1: Assume that p is the population proportion of the insomnia sufferers, who did not enjoy a…

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A: 1. At the price of $24, if we draw a horizontal line, we get the:1. Quantity Demanded (the…

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A: The principle of comparative advantage, developed by David Ricardo, focuses on the efficiency of…

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A: The components of GDP include consumption, investment, government purchases and net exports:…

Q: Identify all the Subgame Perfect Nash Equilibrium in pure strategy of the fol- lowing game tree: P1…

A: Subgame Perfect Nash Equilibrium: P1's Strategy: Choose L at the first node.P2's Strategy after L:…

Q: It is no secret that Wall Street firms compete aggressively to lure their clients. Having more…

A: From the data, the number of clients who did not receive any perk is given as:No Perk Received: 9…

Q: Go to the website of the St. Louis Federal Reserve Bank FRED database and find monthly data on…

A: M1 Money SupplyThe most liquid kinds of money are included in M1, the definition of the money supply…

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A: Globalization has led to the outsourcing of manufacturing jobs from developed countries to…

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A: Let's go through the questions step-by-step: 1. a) The data for Canada and China for 2000 and…

Q: How will Thinking Like an Economist be the most interesting thing to learn?

A: Thinking like an economist is one of the most intellectually stimulating and practical skills one…

Q: Corny Corp grows crops on farmland in Texas, Oklahoma, and Georgia. Corny Corp sells its harvest to…

A: Part 1: AnswerCorny Corp is subject to federal regulation under the Commerce Clause, while Cracked…

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A: If I were a policy analyst focused on ICER (Institute for Clinical and Economic Review) and…

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A: Approach to Solving the Question:Identify the key concept: The question revolves around…

Q: What is that the people who pay the highest taxes get the most benefit from a tax reduction. Tax…

A: Approach to Solving the Question To address the prompt effectively, I adopted a comprehensive…

Q: Consider the following two-player game: P2 L R U 4,1 1,3 P1 D 0, 0 1,2 ⚫ The game is REPEATED ONCE.…

A: Part 1: Subgame Perfect Nash Equilibria (SPNE) for the game repeated onceStage game analysis:The…

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A: Step 1: Imposing a $2 per-pack tax on suppliersEquilibrium Quantity with $2 Tax:With the initial tax…

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A: Detailed explanation:Zoning laws and ordinances are a primary tool used by local governments to…

Q: Name: Price ($ U.S.) (Minus 2 points if blank) 80 A 68 B 64 D E 56 F 40 24 32 Supply Qs=4(price) -…

A: 1. How much tax is being charged per unit?The tax per unit is the vertical distance between the…

Q: Using the European Union (EU) as a baseline, what are the lessons that the AfCFTA can learn in its…

A: The African Continental Free Trade Area (AfCFTA) can draw several important lessons from the…

Q: Don't use chatgpt.....I will 5 upvotes In what ways is Economics a "science"?

A: Economics is often regarded as a science because it employs systematic methodologies similar to…

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A: Q1: Treadmill Test Data Analysis ApproachOrganize the Data: Start by arranging the given data in…

Q: Problem 5 Let t€ (0.1) be a labour tax rate paid by consumer, so the labour income is now (1-t)wL.…

A: Step 1: Step 2: Step 3: Step 4:

Q: Explain the appropriate graph(s) below. Be sure to include a description of your labeled axis and…

A: b) If there is a rise in the price of a substitute good (Pepsi), the demand for coke will increase…

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A: b) A firm's profit - maximizing output is the level of output where marginal revenue(MR) equals…

Q: Price Quantity Demanded QuantitySupplied $20 2400 0 $30 2000 200 $40 1600 400 $50 1200 600 $60 800…

A: To determine which price ceilings would be binding in this market, we need to understand that a…

Q: A consumer interest group is interested in comparing two brands of vitamin C. One brand of vitamin C…

A: Coefficient of Variation is given as, CV=xˉs​∗100 So substitute the values, CV = 9/200 *100 % This…

Q: Engineering Econ HW2 Q1

A: SOLUTION. Simple Interest Calculations:Part A:P=10,000, r=0.05, t=5Simple Interest (SI) =…

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A: The graph that is provided shows the relationship between the price and supply of wheat,…

Q: What is the impact on quality demanded, quality supplied, and prices for free urgent care clinic at…

A: The establishment of a free urgent care clinic in downtown Detroit is likely to have significant…

Q: Use the green rectangle (triangle symbols) to compute total revenue at various prices along the…

A: To compute the total revenue at various prices along a demand curve, we'll use the formula for total…

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A: Rent control is a government policy that sets a maximum price for rental housing. While intended to…

Q: The graph below represents the supply of Good X. The numbers on the chart show the percent changes…

A: The price elasticity of supply (PES) measures how responsive the supply is to changes in price.If…

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A: When the advantages or disadvantages of a good or service trickle down to someone other than the…

Q: 9. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply…

A: Based on the graph and information provided, we can analyze the market conditions at a price of $24…

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A: In this diagram, where a subsidy is granted to producers, the loss in consumer surplus corresponds…

Q: 4. The demand for good Xis given by Q=1,200-P P+1 P,-8P, +11 M 8P₂+ 10 Research shows that the…

A: Step 1:To solve the given problem, let's break it down step by step:The demand function for good X…

Q: 1. Sally is evaluating two portfolios which consist of four assets but with different proportions.…

A: Final Summary:(a): The beta for Portfolio X is 0.975, and for Portfolio Y is 1.055.(b): Portfolio X…

Q: The demand for ticker to a Ethiopian comparada film is given by D(p)= 200000-10000p, where p is the…

A: To calculate the elasticity of demand and draw the demand curve for the Ethiopian comparada film…

Q: Calculate the five-number summary of the given data. 23, 4, 1, 18, 22, 1, 7, 14, 23, 15, 18, 25, 12,…

A: