Suppose that an economy produces 1,400 units of output, employing 20 units of Input, and the price of the Input Is $30 per unit. The level of productivity In this economy Is Multiple Cholce 70. 60. 40. 20.
Q: In the circular flow of economic activity, there are two kinds of markets in which firms and…
A: The unending cycle of capital and money movement through an economy is known as the "circular flow…
Q: please give me correct answer with calculation and explanation and dont use chatGPT
A: Calculating a collective demand schedule for a public good involves aggregating the individual…
Q: D. Describe ONE change in transportation infrastructure necessary to facilitate urban industrial…
A: To show the dependence of certain dependent/peripheral nations on certain dominant/core nations, the…
Q: Deflation is a phenomenon that describes O A. a decrease in the rate of inflation. O B. a very rapid…
A: Option (C) is correct.
Q: Consider the equations and graphs for the demand and supply functions given below, then answer the…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: Last year Bob purchased a plane ticket for $300. He was unable to take the trip so he received a…
A: Explicit cost is the is the actual money expenditure on inputs or payments made to outside for…
Q: Can you please answer all the question A through H.
A: A price taker is an individual/ firm with zero commands over the costs of labor and products sold…
Q: The graph above shows budget constraints comparing an income- in-kind assistance for Good F and…
A: It can be defined as a limit to which the pocket of a consumer allows the consumer to purchase…
Q: The derivation of an economy's aggregate demand (AD) curve O A. is based upon economy-wide…
A: The aggregate demand curve indicates the total quantity demanded of all goods as well as services by…
Q: Figure: Home's Import-Competing Industry Price Supply Po 100 Pw 50 Demand 800 1300 1700 Quantity How…
A: Before the trade, the industry was producing 1300 units of output at a price of 100. Where the…
Q: hey i was doing my homework and i couldnt figure out the last question
A: Average total cost is the per unit cost incurred in producing a commodity.
Q: During a recession, O A. investment responds strongly to lower interest rates since investment and…
A: A recession is an economic slowdown or a contraction in terms of economic activities, it may lead to…
Q: 14. GDP in the long run is determined by Investment; the money supply Savings; the quantity equation…
A: The total value of all goods and services produced over a given time period within a country's…
Q: Josel owns two fields: Blue field and Red field. He produces corn and wheat. Blue field has 100…
A: Given that; Blue Field Red Field Corn 5 Acres=1 bushel of corn 10Acres=1 bushel of corn…
Q: The production possibilities curve represents the maximum combination of goos and services that can…
A: In business analysis, the production possibility curve (PPC) represents the possible quantities…
Q: Using money as a medium of exchange is more efficient than barter because
A: Introduction of money helps to overcome the defects of barter system.
Q: Retail generates trillions for our economy, approximately $2.59 trillion which equates to: O 1/6 of…
A: The measure that indicates the values of final goods and services being produced in an economy…
Q: The 1979 Islamic Revolution in Iran was supported by all of the following except O a. religious…
A: The Shia Islamic revolution was the catalyst for the Iranian Revolution. It replaced Shah Mohammad…
Q: The table sets out the data for an economy when the government's budget is balanced. If the…
A: The market for loanable funds embodies the interplay between those who save and those who borrow,…
Q: 15. A country is at full employment and produces two types of goods: consumer goods and capital…
A: “Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: In macroeconomics we study the interactions of three markets: O A. stock market, bond market, and…
A: There are two area of the study of economics i.e. Micro economics and Macro economics. Micro…
Q: 10 Can you help me solve this question? Thanks.
A: In economics, the relationship between price and quantity demanded helps to understand the type of…
Q: Assume that Falda and Varick can switch between producing wheat and producing cloth at a constant…
A: The term O.C. describes the value of the next best alternative forgone when a decision is made. It…
Q: $1,000,000- $500.000- 7,500 15.000 22.500 30,000 37,500 45.000 A B C. Total cost $2,500,000-…
A: Here we have to calculate the total Costs and break even points.The term "total cost" describes the…
Q: Draw the indifference curve diagrams for the utility functions listed below. Plot x on the…
A: "Note: As per policy only answers to first 3 subparts can be answered. Please resubmit the…
Q: g. Suppose you are told that after the price increase, the highest level of utility Alex can enjoy…
A: The utility function is the mathematical relationship between the utility and different bundles of…
Q: 2. The Ricardian Model and Argentina Below are several questions about the Ricardian Model in the…
A: Taxation is the legal process by which a government or other taxing body or any kind of institution…
Q: 1. Imagine that you've just landed a job as a market analyst and your initial assignment is to…
A: Duopoly market refers to the type of market where only two producers or sellers exist in the entire…
Q: Proposed Regressive Plan 40% on income up to $25,000 30% on income between $25,000 and $34,000 25%…
A: Here we are given the income tax structure, using that we solve the given questions.
Q: Parkway Travel Tours is organizing a five-day trip from Toronto to Branson, Missouri, a family town…
A: A break-even chart is a graphical representation of the relationship between revenue, costs, and…
Q: Question Mary and Jason are a new couple trying to understand their family production plans. Suppose…
A: We will use the concept of the Production Possibility Frontier (PPF) to analyze the different…
Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…
A: Given:- Fixed cost=$50 Wage rate=$10 per labor unit Market determined price=$2 To calculate:- Part…
Q: IC E 9 4 Jimmy can consume goods X and Y. The graph above represents one of his indifference curves…
A: The amount of money a consumer has available for consumption is determined by income on the one…
Q: (d)_(Cournot Competition) Now suppose we added a second firm that has identical costs to the…
A: Dead weigh loss: It is defined as the loss of total welfare (or the total surplus = consumer surplus…
Q: 5. Suppose that Inflation and Unemployment interaction is modeled by p=a-T-BU + gn dл dt du dt -=j…
A: Given: p = a − T − ßU + gπ dπ/dt = j(p − π) dU/dt = −k(m − p) g = 1, j = 1, ß = 1, k = 5, m = 1
Q: Suppose that a firm is selling a good with a marginal cost of $35. Management estimates demand…
A:
Q: 10.Consider a price-taking firm that has total fixed cost of $50 and faces a market- determined…
A: The measure that depicts expenses being incurred for carrying out transactions of the business is…
Q: g. Determine government revenue after the tariff. h. Determine the dead weight loss. i. Identify on…
A: (g) The government revenue after the tariff. The government revenue after the tariff is given by…
Q: 1200 1100 ATC 1000 900 800 700 600 500 MC Demand 400 300 200 MR 100 5 10 15 20 25 30 35 40 45 50 55…
A: In a monopolistically competitive market price is determined where P>MR=MC
Q: Price Level (P) Value of Money (1/P) 1.00 1.33 2.00 4.00 Now consider the relationship between the…
A: We are going to use the relationship between the price level and the value of money to answer these…
Q: The following graph shows the market for hamburgers in Detroit, where there are over 1,000 burger…
A: If a new innovation in the meat processing technology makes it possible to produce more hamburgers…
Q: According to the excerpt in Source 4, how does President Kennedy use economics to build an argument…
A: When there are more investments made in research and development then it will help to enhance the…
Q: please answer second question as a different question now!
A: Investment can refer to physical assets such as machinery, buildings, and land, or financial assets…
Q: 4. Two people, A and B, are deciding whether to put effort into producing a public good or not. Each…
A: In this game, two individuals, A and B, decide independently whether to exert effort to produce a…
Q: AC.ADd 7. Draw the macroeconomy in equilibrium (snowflake). What happens when aggregate demand…
A: Aggregate demand(AD) is the total demand of goods and services for a given period in an economy. It…
Q: d. Find the cross-partial derivatives: Are they equal? ÕMPN/ÕH = ÕMPH/ON = %3D %3D e. Suppose that…
A:
Q: A firm's total short-run cost function is C(y) = 12y3 - 8y2 +30y+ 12. What is the average variable…
A: please find the answer below.
A
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What is the difference between a fixed input and a variable input?When a firm hired it tenth worker, its factory output increase by four units per month. Would you expect the firm's output to increase by eight more units per month if the firm hired two more workers? ExplainWhat is the Short run and long run period in the production function of the economics
- Is it possible to increase the labor productivity in a given production process which exhibits diminishing returns to labor? If so, how? Explain with a graphThere are two factors of production, X and Y. They are being used to produce a fixed amount of output called A. If the amount of output, A is held constant, and the isoquants are convex, would the price of X going down always mean less of Y is used? Explain why or why not by explaining through the use of a graph.The marginal product of labor in the production of computer chips is 50 chips per hour. The marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. What is the marginal product of labor?
- Will decrea n he fong run, assume a firm uses both labor and capital to produce 25 units of output. The marginal product of the last unit of labor being employed is 100; the marginal product of the last unit of capital being employed is 500. The wage rate of labor is $10. If the firm is minimizing the cost of producing 25 units of output, what must be the unit price of capital?The production function expressed in the table below represents the amount of hot dogs Hot Dog on a Stick makes during a lunch hour based on the number of workers. Calculate the marginal product of the 8th worker. 7 97 # of Workers 10 Hot Dogs Produced 83 110 107 Provide your answer below: hot dogs producedIs it possible to increase the labor productivity (output per unit of labor) in a given production process whichexhibits diminishing returns to labor? If so, how? Explain with a graph.
- The graph shows one of a firm's isoquants (blue line) and one of a firm's isocost lines (dashed red line). 92 Based on this informatin, this firm's MRTS Because of this, the firm should produce with is always greater; all labor and no capital is always greater; all capital and no labor is always less; all capital and no labor is always less: all labor and no capital L than the ratio of the input prices. to cost-minimize.X 15:01 EC5011 - Seminar 2.do... II. Problems and Exercises .ıl 4 1. Consider the following production function: . Does this production function exhibit constant returns to scale? (Hint: Replace K and L by 2K and 2L, respectively, and check if F(2K, 2L) = 2F(K, L).) 2. Consider the following production function: . a. Calculate the marginal product of labour. b. Calculate the marginal product of capital. c. Does this production function exhibit diminish MPL and MPK? d. Does this function exhibit constant returns to scale? 3. Suppose represents the production function of both Mexico and Spain. Use the following information to answer the next questions. L = Population K = Capital Y = Output Country (millions) (trillion) (trillion) Mexico 105 0.18 1.0 Spain 45 0.74 1.7 a. Calculate total factor productivity for both countries using the PF in question 2. b. Calculate per capita income for both countries. c. Explain the difference in per capita income. 4. A snack food factory in the Tuas…02 Question | See page 359 Consider the following production function: y = f(L, K) = L®4K®5,where L is the amount of labor that the firm uses, K is the amount of capital, and y is output. 1st attempt O See Hint Suppose that the firm is using 64 units of capital. What is the marginal product of labor when the firm is using 10 units of labor? What is the marginal product of labor if the firm is using 20 units of labor? Give your answers to two decimal places.
