The demand for toothpaste is more than the demand for diamond earrings. Oa. elastic Ob. inelastic

Q: Drug dealers purchase a drug at a constant marginal cost of $40 per unit. The drug is then sold in…

A: Perfect competition is a type of market structure.

Q: Discuss it in your own understanding and then give example each of the following: Consumer and…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Paper currency and it's сижет -features. important

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A: We know that private goods are excludable and rival while public goods are non-excludable and…

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A: The amount of output at which a company's earnings are maximized is referred to as the optimum…

Q: The monopoly can verify consumers to decide which market they belong to so that it charge different…

A: Monopoly is a situation where there is a single seller in the market. In conventional economic…

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A: In a monopolistic market, firms are the price makers.  Monopolistic firms faces a negative sloping…

Q: What amount of money invested today at 15% interest can provide the following scholarships: 30 000…

A: The measure that depicts the value of current income flows being discounted at a specified rate of…

Q: 1. We have the following inverse demand function: P(q) = 50 – 5q And the following cost function for…

A: Given information Inverse demand function P=50-5q Total Cost=5q+q2 MD=5

Q: Consider the market for product ABC, when the price is at Php 12, quantity demanded is 6 units and…

A: Given  At Price Php 12, quantity demanded =6 and quantity supplied is 3 At the price $20, the…

Q: 1. The economies of Canada and Mexico produce only fruit and timber. Each country has a labor force…

A: A country has a comparative advantage in the good which it can produce at lower opportunity cost.

Q: A company is considering three alternatives for the installation of the piping a nearby city. Three…

A: Present worth refers to the discounted value of all the future cash flows to present .  In above…

Q: a) Draw a correctly labeled graph for a monopoly and show each of the following. (i) The…

A: Monopoly refers to the market structure where only single firm exists in the entire market. Monopoly…

Q: A person who is lending money o S or B A person receiving a fixed income S or B A person with money…

A: High inflation makes some people worse off and some people better off.

Q: Suppose that the market demand is Qd 60-2P. Three identical firms with constant MC-2 operate in the…

A: Given, Market demand: Qd = 60 - 2PP = 30 - 0.5QMarginal cost (MC) = 2 The term "Cournot…

Q: Give detailed state for Hicks and Kaldor Welfare Criteria.

A:

Q: When capital increases by ΔK units and labor increases by ΔL units, and there is no TFP growth,…

A: Capital is regularly money or liquid assets being held or gotten for consumptions.

Q: Let F be a function of two variables, defined by F(K, L) = 2 In K + 5 In L. (a) Find RLK= F₁'(K, L)…

A: Elasticity of substitution measures the ease with which one input can be substituted for other.

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A: Sustainable development refers to the development of a nation without harming the environment and…

Q: Suppose the Economics Department has a graduation party for its students but as a final test they…

A: The collection of points known as the contract curve or Pareto set represents potential final…

Q: Soybeans are produced and sold in a perfectly competitive market. The fertilizers used in soybean…

A: In the context of economic theory, perfect competition describes a scenario in which all firms sell…

Q: A primary reason a country would put restrictions on its own currency is to Select one: a. encourage…

A: Exchange rate is the rate at which the nation's currency is exchanged in foreign exchange rate and…

Q: Answer questions 5-7 based on the following information: Suppose that the production function for…

A: Given:F(L,K)=L14K12w=2r=4 FC= $100

Q: With the aid of a diagram, explain the meanings of 'pecuniary price", 'non- pecuniary price' and…

A: Pecuniary price is the price paid by the consumers that is lower than the market price. Lower price…

Q: what does the Baume model Show 2

A:

Q: Q7. The production function is y=L¹/aK¹/B The price of the output is $100, w = $15, and r= $12. a.…

A: Optimal input extents are utilized when an extra dollar spent on any input yields a similar…

Q: In 2008, the Federal Reserve began paying interest on reserves held by banks. The interest rate they…

A: The reserve deposit ratio, also referred to as the cash reserve ratio, is the portion of deposits…

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A: The equilibrium price in the competitive industry is decided by the market. The quantity demanded…

Q: You're curious to know whether a good's price will rise or fall when we're entering a recession (and…

A: Recession is a phase of business cycle which is period of falling economic activities.

Q: In a small town, there's a mousepad factory which employs workers at $8 an hour, for forty-hour…

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Q: Question: Explain the distinction between monetary and fiscal policy by focusing on how each type of…

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Q: Demand is given by QD=620-10p and supply is given by QS = 100+ 3p. What is the price and quantity…

A: According to the question, the demand equation is:- QD=620-10p And the supply equation is:-…

Q: Which fiscal policy expects the economy to self-adjust? O balanced budget O counter-cyclical O…

A: Fiscal Policy is the policy in which taxes and government spending is used for influencing economic…

Q: thoery is given for the peoples to come to know that

A:

Q: 3. The total (abatement) cost for cutting down on CO2 by R is C(R) = 7R² + 10R. The total benefit of…

A: Externalities are the third person thing. It is usually the harm/benefits caused by the producer…

Q: Glen and Ben both drink coffee and coke every day. Glen likes coffee a lot more than Ben and Ben…

A: A utility function states the amount of satisfaction gained by the consumer as a function of a…

Q: Suppose the price elasticity of demand for a good called "widgets" is 0.4. Is this good more elastic…

A: The degree to which a change in an economic element is met with a corresponding shift in demand is…

Q: Explain through the optimal choice of a person how their individual demand function arises. Use an…

A: Demand  Demand is the amount of a commodity that consumers are willing to purchase at various…

Q: Give an example of an externality.

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

Q: Determination of Equilibrium Level of Employment by The aggregate demand price and aggregate supply…

A:

Q: When a new park is constructed in the town of Mountainview there is an increase in both demand and…

A: Benefit-cost analysis is a sort of economic evaluation technique. In this costs and benefits of a…

Q: A firm is currently producing such that: MPL = 30 W = 10 MPK = 20 To minimize the cost of…

A: Marginal productivity of capital is when an additional unit of capital is engaged in this scenario,…

Q: A firm's production function is given by Q=40K0.8L0.2 Each unit of capital costs $40 and each unit…

A: At optimal level:-                    MPLMPK=wr Where; MPL=dQdLMPK=dQdK

Q: The CPI values ​​calculated during 2021 were as follows: Month 1 2 3 4 5 6 7 8 9 10 11 12 ICP 0.25…

A: The Consumer Price Index (CPI) is a gauge of how prices for a market basket of consumer goods and…

Q: A manufacturer of electronic devices invests $650,000 in equipment for making compact piezoelectric…

A: In order to take into account the opportunity cost of capital, a minimum acceptable rate of return…

Q: What Is Classical Growth Theory?

A:

Q: T3

A: A perpetual bond is a bond with no maturity date and hence treated as a fundraising instrument.

Q: Consider two types of cars: 1) Performance cars, which emphasize good performance (good mileage,…

A: Demand curve shows an inverse relationship between price and quantity demanded. It has a negative…

Q: se the linear demand curve shown below to answer the following questions.   a.         The point…

A: The elasticity of demand measures the responsiveness of change in demand as per the changes in the…

Q: The economy of Eastlandia in 2021: . C=2870+ 0.5YD P = 1360 T = TR = G = NX = 0 . The equilibrium…

A: GDP can be calculated using the following formula: GDP(Y) = Consumption(C) + Investment(I) +…