Q: Determine the average cost function.
A: Cost is a function of the quantity produced. It measured the total cost of producing a given level o...
Q: Total Total Marginal Marginal Price Cost $5 $5 $5 $5 $5 $5 $5 $5 Quantity Revenue Revenue Cost $0 $5...
A: Introduction Here data of total cost, total revenue a firm has given. And we have calculate its marg...
Q: Briefly explain production function and profit maximization with a diagram in short.
A: The relation between the quantity of productive inputs (such as labor and capital) utilized and the ...
Q: A man has purchased a new automobile. He wishes to set aside enough money in a bank account to pay t...
A: Given cash flow We have to find the present value of this cash flow. This is a uniform gradient ser...
Q: Explain this two causes of unemployment 1. Social security benefits fo the unemployed reduce incenti...
A: 1. Social security benefits fo the unemployed reduce incentives to work. The social security benefi...
Q: What is the role of aggragate demand in eliminating the GDP gap?
A: The aggregate demand curve shows that the different quantities are demanded at the various price lev...
Q: Religion defines the ideals for life, which in turn doesn’t reflect the values and attitudes of soci...
A: The correct answer is given in the second step.
Q: The sales of a company rose from dollar 40,000 in March to dollar 48,000 in April 2002. company expr...
A:
Q: A small company manufactures a certain product. Variable costs are $20 per unit and fixed costs are...
A: Given: Variable costs=$20 Fixed costs=$10875 P = -0.25D + 250
Q: c. How will the shift in AD affect the original output, price level, and employment?
A: The curve that depicts various quantities of goods and services beings demanded at various levels of...
Q: The Mexican company generates a production per unit of time, each unit has a fixed cost of $40.00. T...
A: Since you have posted a question with multiple sub parts, we will solve first three subparts for you...
Q: Suppose we are in an economy with rich households and poor households. Rich and poor households have...
A: Introduction We are in a economy of rich household and poor household. Cpoor = 100 + 35 (Ypoor - Tpo...
Q: Illustrate and explain the effect of the increased use of plant-based milk on the overall milk mark...
A: Plant-based milk choices have now grown in prevalence as of late, and a few commercial renditions ar...
Q: A proprietor of a food-stall has invented a new item of food delicacy which he calls WHIM. He has ca...
A:
Q: With respect to consumer behavior, one's attitudes, learning, and perceptions would be O interperson...
A: Consumer behavior refers to a behavior of a consumer while taking an economic decision that shows ho...
Q: 5. The value of the U.S. dollar is expected to increase versus foreign currencies. Use the Aggregate...
A: The value of currency determines the rate of interest. The rise in the rate of interest causes a dec...
Q: Which of the following is true regarding the effects of globalization in the 21st century and global...
A: Globalization: It can be defined as the enhancement of openness of different countries globally. If ...
Q: a. What evidence is there to indicate that the UK supermarket business is an oligopoly? What further...
A: Since the question you have posted consists of multiple parts, we will answer the first three questi...
Q: PROBLEM 8 8A. Write the output maximizing decision rule for the non-profit organization. 8B. Using t...
A: A firm, industry, or country's output is defined as the amount of goods or services produced in a ce...
Q: Which of the following is ot a benefit of budgeting? It is a basis for performance evaluation. It as...
A: The correct answer is D. It deters waste It is not the benefit of budgeting because budgeting is d...
Q: PRODUCTION 2 4 10 12 14 LEVEL MARKET 3 3 3 3 PRICE ТОTAL INCOME TOTAL FIXED COST 14 14 14 14 14 14 1...
A: The following formulas need to calculate the value of the missing colunm: Total Income = Production ...
Q: There are two people: Brandon, who is really, really good at cleaning front yards and mowing lawns; ...
A: Let us prepare the matrix of the given information Cleaning Front Yard (C) Mowing Lawn (M) Br...
Q: decide whether to bring out a full, partial or minimal product line. The company has three levels of...
A: Answer is given in the attached picture:
Q: In a perfectly competitivé märket! the market price is 28 Marginal cost (MC) = 2(Q) + 8 average tota...
A:
Q: A machine is designed to produce insulating washers for electrical devices of average thickness of 0...
A:
Q: What are payroll taxes?
A: Tax refers to the compulsory charge paid by the individuals to the government for the services avail...
Q: 1) The total expenditure in Macroland begins with these initial levels (in trillions of dollars): GD...
A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the firs...
Q: Contemporary institutional and development economists point out that political institutions play a s...
A: Economic growth is the growth that is achieved by using various resources and technology. It means a...
Q: local jobs. What strategies may a typical firm adopt to increase profits, even if only over the shor...
A: The firm maximizes profit where the marginal revenue is equal to the marginal cost. The firm predomi...
Q: money is a concept has a certain value at a point in time. true or false
A: Money is the concept that money you have in present is worth more than the identical sum in the futu...
Q: Connect Problem 11-12 (algo) A village has six residents, each of whom has accumulated savings of $1...
A: The question is based on common grazing and bond purchasing.
Q: 1. Explain the importance of Sovereignty in a State. 2. Discuss the necessity of the Government in a...
A: 1) Sovereignty is a state trait that is both a concept and a reality in terms of state authority.It ...
Q: Suppose that real GDP is currently $1.24 trillion, potential GDP is $1.33 trillion, the government p...
A: Aggregate demand is a sum of consumption spending, investment, government spending and net exports. ...
Q: 2. Use the information in Problem 1 about the economy of Fruitopia. Suppose that the Bureau of Labor...
A: For 2020,Cost of market basket=(Quantity of apples×Price of apples)+(Quantity of oranges×Price of or...
Q: Consider an infinitely repeated game where the stage game is the game of chicken: Swerve Straight Sw...
A: Given game is chicken game in which each player wants to win the game over tying the game. Given pay...
Q: Consider the Canadian economy in a state depicted by the following graph. NX I(r) I S, I i. Use a gr...
A: The economy is a structure that provides individuals with opportunities to work and make a livelihoo...
Q: Happyland is the only theme park in the nation. When Happyland maximizes profit, what is the consume...
A:
Q: rour company declared $13,800 cash dividends on stock. There were $6,400 in dividends payable at the...
A: Given; Cash dividend declared by the company= $13800 Dividend payable at the beginning of the year= ...
Q: A guy on reddit has been tracking his daily body weight for the last 3.5 years.
A: Since the question you have posted consists of multiple parts, we will answer the first three questi...
Q: What is dumping?
A: International trade refers to the flow of goods and services from one country of the world to anothe...
Q: As early as in 1974, in his book Who Shall Live?, the well-known US health economist Victor Fuchs po...
A: Health economics is a branch of economics concerned with issues related to efficiency, effectiveness...
Q: Explain this two causes of unemployment
A: The two causes of unemployment are as follows:
Q: How might the magnitude of the market risk premium impact someone's desire to buy stocks?
A: A risk premium is the projected investment return on an asset that is higher than the risk-free rate...
Q: prepare a forecast for your company's product, Bottled Water. Discuss the type of information you mi...
A: Business forecasting is something that defines the future of a business by learning from past circum...
Q: 14. On January 1, 1997, your brother bought a used car for $8,200, and he agreed to make a down paym...
A: Price for used car = $8200 Down payment made = $1500 Interest rate = 13.8% Balance is to be repaid i...
Q: Which of the following statements is false? The owner of a patent is not obliged to grant a l...
A: A patent is an exclusive right granted to a product or technique that offers a novel technical inven...
Q: We've seen how many economists vehemently oppose price controls, saying that they'll create either s...
A: Price controls are laws imposed by the government to limit pricing. There are two types of price con...
Q: Consider an industry with two identical firms (denoted firm 1 and 2) producing a homogenous good. Fi...
A:
Q: Look at the item characteristic curves (ICCS) below. 1.0 0.8- Hem.1 Bem 2 Bern3 Rom 4 0.4 0.2 0.0 Wh...
A: ICC or the income-consumption curve is the locus of all the points sowing the consumption bundles ch...
Q: Aces & Queens, a talent and model agency that has experienced steady growth for a decade, gathers it...
A: Control and risk self-assessment (CRSA) is a framework that allows firms to analyse, assess, and bui...
What are the pros and cons of technological globalization?
Step by step
Solved in 2 steps
- Since we are now into technology, what is the importance of the internet in globalization?what are the positive effects of globalization on individual's life?What are the changes since the globalization was digitalized? What activities have been present in this form of new globalization that didn't really exist before? How do countries exchange goods or participate in globalization this time?