Suppose AE = 20 - 500r +0.5Y, potential (desired) output is 30 and current r = 0.02, then

Q: In a global economy, economic issues that affect members of the global community impact us all.  In…

A: Numerous individuals believe that the global economy is constrained by legislatures of the biggest…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: What will happen if you make the underground economy legal?

A: Underground economy is the economic activities which are beyond the reach of tax regulators and…

Q: Economics helps managers focus on key issues.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: What is the meaning of pagkamaka bayan

A: Unity refers to the togetherness that is possessed by a nation when considering any external act or…

Q: How Many decisions in business and economics require quantitative estimates? why ?

A: Almost every business and economic decision requires quantitative research. Data is very important…

Q: Imperfect markets meaning

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the…

Q: How would you measure the cost of earning a college degree?

A: Costs: In economics, the term cost refers to the amount spend to produce or manufacture something.…

Q: Suppose a firm's cost function is C(q) = 4q² + 16, where C(q) is the total cost, and q is the level…

A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…

Q: Do you see the rise of consumer power through evolving changes in technology? If so, how?

A: Technology is all that make things quicker, easier or cheaper. The rise in the technology leads to a…

Q: Find a company that bribed officials in a foreign country (not domestic) and the outcome. Talk about…

A: This topic is related to bribery. Bribery is a Black's law dictionary which offering, giving,…

Q: When, exactly, did World War I end?

A: World War I (WWI): It was a global war and started in Europe, it was considered the largest war in…

Q: How can studying economics help you as a student?

A: Studying economics can help students by exposing them to theoretical approaches within the field of…

Q: How did computers and communications impact the global economy?

A: Answer -   Global Economy:- It is addition of the all the domestic economy is termed as the global…

Q: Create a policy that would tamper the market failure.

A: Market Failure: Market failure is an economic situation that generally existed in the free market…

Q: What role did MITI serve in Japanese economy

A: In the areas of investment in plant and equipment, pollution control, energy and power, some aspects…

Q: Is there something special or distinguishing about the good or service that sets it apart from…

A: Product differentiation is a marketing tactic used to set a company's goods and services apart from…

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

Q: What is the closest example to a command economy?

A: The communist society refers to the command economy. In a command economy, there is a monopoly that…

Q: How the study of history of economics help people in their daily life

A: Economics is related to many aspects of the world. Various countries in the world are carrying out…

Q: How would it be difficult to be a barber with a world without money

A: Barter System: The exchange of goods and services against the other goods and services is called a…

Q: What businesses domain the politics of Texas.

A: A domain is a high-density office, residential, and retail owned by the center and operated by…

Q: the difference between Islamic Economics system and Capitalist Economic system

A: The Islamic economic system is the variety of rules, characteristics and standards of direct that…

Q: Does government regulations is necessary in an economy. Describe it in a proper way.

A: In its widest meaning, regulation refers to the process through which the government imposes rules…

Q: What is abandonment?

A: Abandonment is an act of leaving something in arrears or ending something all in all.

Q: What are the major industries in Canada

A: Canada has sizeable industries including automobile, aircraft, energy, power, and technological…

Q: Why is United States of America is the most powerful country in the world? Just a brief information.

A: The power of any Economy lies in its industrial sector, foreign policies and military base, it's…

Q: What can affect the prioritization of economic goals.

A: The objective of economic effectiveness has been characterized as the most elevated conceivable…

Q: Although fiction isn't claiming to be True,it reveals truths about our world or the way (some)…

A: Fiction means that is related to somehow thought that may or may not be related to reality.

Q: Importance of rules in our society

A: Rules are guidelines that people living under a government must observe. Families and residents must…

Q: your family needs money and your parents asked you to propose a plan to get the highest possible…

A: Real estate property is one kind of permanent property that means any permanent structure of…

Q: Based on what you have learned so far, what is the biggest problem an economy faces and how can we…

A: In the short run, all resources are fixed but labor is a variable input and in the long run, all…

Q: How much would it cost to determine if a commodity would be sold before or after further processing?

A: Commodity Valuation: The method that is used to derive the inherent value of a commodity under the…

Q: Hazel is thinking of making some of her operations sustainable. Construct some ideas that she might…

A: Hazel can perform the lawn service herself, saving money on hiring personnel.

Q: What is Baxter's law?

A: Monopoly happens once there's only one trafficker within the market. The monopoly case is taken into…

Q: a paragraph in the initial response in their own words, using microeconomic terminology.

A: Microeconomics is a branch of economics that studies the behaviour of individual economic units such…

Q: how macrosystematics work

A: Macro systematics is a hedge or mutual fund strategy on the basis of their holdings in a portfolio…

Q: What are three ways that starting a new business helps the economy?

A: The concept of management and development of a business venture for gaining profit through taking…

Profit Maximization

Economic activity is related to the use of scarce resources of the economy that are used for producing goods and services which are required to satisfy various demands of the people. In other words, it can be said that it is all about satisfying the unlimited demands of individuals with the limited resources available. The production decision is taken by the producers or the firms. In economics, the terms ‘producers’, ‘suppliers’, and ‘firms’ are interchangeable. Now the question arises, what does a firm actually mean?