Suppose the cross-elasticity of demand between two products, A and B, is negative. If the price of product A increases as a result of a decrease in the number of firms supplying the product, the quantity demanded will a) increase for both products A and B b) fall for both products A and B c) increase for product A and fall for product B d) fall for product A and increase for product B

Q: Which of the following is true about exchange economies? Oa. All core allocations are efficient. Ob.…

A: An efficient allocation in economics is referred to the allocation point of the products and…

Q: The country of Namibia imposes an 38% allowance for extraction of uranium. B3Gold Namibia company…

A: The country of Namibia imposes an 38% allowance for the extraction of uranium. B3 Gold Namibia…

Q: Discuss the relationship between the average product curve and marginal product curve. Substantiate…

A: Average product refer to per unit output on the other marginal product refer to that product which…

Q: 2. The demand function for a certain item is given by D(p) = 1000 p³ Find the elasticity of demand…

A: Price elasticity measures the percentage change in quantity demanded due to percentage change in…

Q: 1. The demand for an auto company's sport utility vehicle is characterized by two types of…

A: A monopoly is a form of market where only one seller is present in the market and the product sold…

Q: share your thought about the future of regulatory and market driven approaches to contain costs and…

A: A business or market approach that is primarily based on knowing the unique characteristics of the…

Q: If it costs $50 per lost haircut due to customer dissatisfaction and $100 for each unit of capacity…

A: Part-4) Cost per haircut dissatisfaction's = 50 Each Unit of Capacity = 100

Q: Assume the following information:         You have $1,000,000 to invest       GBP/USD SPOT rate…

A: * SOLUTION :-  Given that,    Investment= $1000000 Spot rate=1.2585   GBP/USD 3M FWD rate = 1.2425…

Q: If Canada's exports are $500 billion, imports are $400 billion, and Canadian residents purchased…

A: Net exports = export - import  Net export = 500 - 400  Net export = 100  The Canadian resident…

Q: Scenario: Developers of a new housing scheme spend money putting in roads, lighting and clearing…

A: Introduction  Housing development provides employment opportunities to the rural and urban people.…

Q: perspective, the healthcare system in the United States is... ethical unethical…

A: The healthcare system in United States is complex and majority of the costs are market driven.…

Q: he market equilibrium price for lettuce is $2 per pound.  The market equilibrium quantity for…

A: Price floor is the minimum price set by the government that is charged from the customer.  Price…

Q: Suppose that the firm with the costs and revenues shown in the graph below is contemplating whether…

A: A perfectly competitive firm is known as a price taker because the strain of competing firms forces…

Q: Which of the following event leads to cost-push inflation? A B C A fall in the price of oil A fall…

A: Inflation is the rise in the general price level in the economy.  There are two causes of inflation,…

Q: 3. A company is considering to purchase a new equipment. The equipment, which will cost $13,500,…

A: Benefit/Cost (B/C) Analysis refers to an approach of computing and making a comparison of the…

Q: When a woman is already working, and her wages she will work more if the income effect is greater…

A: We will consider a simple model where household is choosing the bundle which includes units of…

Q: c) Suppose that the demand for good Q is by 2 groups and given by: Q1=45-0.2P1 Q2=15-0.2P2 =2Q² And…

A: Private goods are goods that are rival and excludable in nature. Rival goods are the goods to which…

Q: Suppose Ted deposits $10,000 in a savings plan earning 5% compounded annually and Tess deposits…

A: Effective interest rate is the actual interest rate earned on an investment.  Effective interest…

Q: Discuss, one (1) macroeconomic policy measure used by policymakers during a periods of recession.…

A: A recession is defined as a period in the business cycle that is marked by stagnation. This means…

Q: In which of the following situations would the supplier have the greatest power to hurt a business…

A: The supplier's initiative to show his sensitivity to the needs of the client marks the beginning of…

Q: Sam, after taking a $200 loan from the bank to finance an investment that pays $1000 50% of the time…

A: Almost every investment carries some investment risk with it. The amount invested depends on the…

Q: If Aggregate Demand is at AD2, production will be high as possible. Can production stay at this…

A: A given economy's aggregate demand is the total amount of products and services bought over a…

Q: You own a manufacturing business and are considering the purchase of a labor-saving device.  You…

A: The value of an asset after depreciation is known as salvage value. The present value of future…

Q: Determine the breakeven point in terms of number of units produced per month and draw its…

A: The point at which a certain venture's entire costs and total revenues are equal is known as the…

Q: V = (P X Y) divided by M, where V is the velocity of circulation, P is the price level, Y is real…

A:

Q: Consider the table below gives the probabilities of the distribution of random variable X Value of X…

A: The probability distribution of a random variable tells how the the total probability of 1 is…

Q: Suppose that the government introduces a welfare program in which any individual with an income of…

A: A income earned without exchange of any labor service is knowns as transfer income.

Q: C. Patrick forecasts that interest rates will rise over a 5-year period according to a force of…

A: The value of a future sum of money today at a given rate of return is called the "present value."

Q: Suppose the fed were to reduce sharply its discount rate from nine percent to five percent, catching…

A: Federal Reserve is an apex financial institution. It has been entrusted with responsibility to…

Q: Two machines are being considered for the production of a particular part for which there is a…

A: Given,   Machine A Machine B Cost (A) 50000 75000 Salvage Value (B) 10000 0 Economic Life…

Q: The market equilibrium point for a commodity occurs when 3,200 units are produced and sold at Php124…

A: Law of demand states "everything else constant, there exists an inverse relationship between price…

Q: You deposited $400 in a savings account 20 years ago, earning 5% compounded quarterly.  Today, you…

A: In economics and finance, present worth (PW), also called present discounted value, is the value of…

Q: Q = P = Average Cost Minimization: Solve for monthly Q, MC, AC, P and profit Click to answer Click…

A: A financial technique called cost minimization seeks to find the most economical means of providing…

Q: If the price were to be $65, then this market is experiencing an excess supply, 20 units excess…

A: The forces of supply and demand in the market determine the price and quantity at equilibrium. The…

Q: 12. When a firm is maximizing profit it will necessarily be: A) maximizing profit per unit of…

A: Microeconomics refers to the branch of economics that studies the behavior of a single person or…

Q: 1. We've learned that the primary focus of the Federal Reserve is interest rates. Why would the…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain how capital adequacy requirements may affect a commercial bank’s dividend payout and growth…

A: The capital Adequacy ratio is also known as capital to risky asset ratio. All the banks are…

Q: Smith has a wealth of $50 and a utility function for money given by: U(M)-M12. He faces the choice…

A: To describe subjective preferences for goods or services that go beyond their declared monetary…

Q: Consider the investment projects listed in the table below, all of which have a four year investment…

A: The payback period refers to the time needed to earn back the invested amount in an asset from its…

Q: Scenario: Developers of a new housing scheme spend money putting in roads, lighting and clearing…

A: Infrastructure development in new housing scheme creates social overhead capital for the housing as…

Q: 4.2. List and discuss two (2) reasons for the downward sloping aggregate demand curve

A: The aggregate demand curve is denoted as the demand of an economy for goods at different prices.  AD…

Q: Boeing created, and recently expanded, an airplane manufacturing center in Charleston, South…

A: A right-to-work (RTW) law provides workers the freedom on selecting whether or not joining labor…

Q: How would the gum economy calculate its inflation rate? A. Inflation rate = Money growth - Velocity…

A: The quantity theory of money is defined as: MV = PYM = Money supplyV = Velocity of moneyP = Price…

Q: 1/3 рошор 76²-19-95 =d tomor 8 + 6% =√ Ljuos

A: Demand function: Demand function shows the maximum price the consumers are willing to pay to…

Q: 25. Solutions for information asymmetries include all of the following except: B) Pigouvian taxes.…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: . Given the increasing sensitivity of potential visitors for a tourism product that demonstrates…

A: " Since you have asked multiple questions,we will solve first question for you.If you want specific…

Q: Suppose that you hold a piece of land in the City of London that you may want to sell in one year.…

A: The exchange rate(E) is rate at which the value of two currencies is exchanged. E is determined by…

Q: In which of the following situations would the supplier have the greatest power to hurt a business…

A: The supplier's initiative to show his sensitivity to the needs of the client marks the beginning of…

Q: ● Below is the 2016 distribution of the Philippines' overseas contract workers according to age…

A: Age Group Percent 15-24 6.9 25-29 21.7 30-34 22.3 35-39 19.1 40-44 11.6 45+ 18.5

Q: Question 6 Which of the following shift the LAS curve rightward? A A decrease in the labour force. B…

A: Long-run aggregate supply (LAS) illustrates the potential level of real GDP an economy can produce…