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- Need answers ASAP... The amount of income from an enterprise that obtained through the sale of finished products depends on a. kind of products b. all of these c. the quantity which can be sold d. selling priceExplanation it correctly and detailsOnly typed answer and please don't use chatgpt How does the market for inputs like labor differ from the market for goods and services? (Check all that apply.) Part 2 A. Firms are sellers in the market for goods and services, while individuals are sellers in the market for inputs. B. The demand for inputs is derived from the demand for final goods and services. C. Firms are buyers in the market for inputs, while individuals are buyers in the market for goods and services. D. The market for inputs resolves shortages and surpluses through government-supervised negotiations.
- Economists refer to the inputs that firms use to produce goods and services as a. derived factors. b. derived resources. c. factors of production d. instruments of revenue.John is a School of Agriculture graduate and consumes 2 goods: Yoghurt and Bread. Akua also earns a typical student income from the parents, GHS 400 a month. She can either spend it all on Yoghurts and get 50, or she can spend it all on Bread and get 200 loaves. a. Given this information, construct the equation for John’s Budget Line. b. John gets a research grant and her income increases to GHS 800 per month. What is the new equation of her budget line? What if income stays constant at GHS 400 and the price of Yoghurts increase to GHS10? c. Assume that prices are the same as used in part a. If the marginal utility of a Yoghurt is 20, what is the marginal utility of Bread if she is maximizing her utility?3. Akua is a School of Agriculture graduate and consumes 2 goods: Yoghurt and Bread. Akua also earns a typical student income from the parents, GHS 400 a month. She can either spend it all on Yoghurts and get 50, or she can spend it all on Bread and get 200 loaves. a. Given this information, construct the equation for Akua's Budget Line. b. The following are the bundles that Akua can afford with her income: Yoghurt Bread 10 80 20 Fill the blanks in the table with the quantities that will exhaust Akua's income. c. Akua gets a research grant and her income increases to GHS 800 per month. What is the new equation of her budget line? What if income stays constant at GHS 400 and the price of Yoghurts increase to GHS10? d. Assume that prices are the same as used in part a. If the marginal utility of a Yoghurt is 20, what is the marginal utility of Bread if she is maximizing her utility? e. Now assume that Yoghurt and Bread are compliments for Akua. For her to consume all her income of GHS…
- Give 2 examples of GATT.pring20 fall20 The Producer Price Index (PPI) is a Select one: a. price index measuring the changes in prices of all new goods and services produced in the economy. b. statistical measure of a weighted average of prices of a specific set of goods and services purchased by wage earners areas. O C. price index that tracks the price levee of commodities that firms purchase from other firms. O d. statistical measure of a weighted average of prices of commodities that firms produce and sell. Clear my choicea. What are reasons why an increase in income may lead to a desire for more children? b. What are reasons why an increase in income may lead to a desire for fewer children? c. Empirically, what relationship do we observe between income and number of children?
- Explain the point geometric in economics with formula.Connect Website-2018U MBA815 VA Managerial Economics: A consumer's budget set for two goods (X and Y) is 900 ≥ 6X+3Y. a. The budget set is illustrated below. What are the values of A and B? A- Good Y Good X B ezto B- b. Does the budget set change if the prices of both goods double and the consumer's income also doubles? Yes, it shifts out from the origin. No, it does not change. Yes, it rotates clockwise. Yes, it shifts in toward the ongin. MacBook Air1E. In the Modern Farmer, July 28, 2016, Dan Nosowitz, writes “There are many reasons to buy directly from farmers (at farmers markets or though CSAS)–higher quality produce, faster delivery times, supporting small farmers-but one that isn't too well-understood is this exchange's impact on the local economy. A new study from University at California Davis looked at the way buying directly from farmers affects the economy in the Sacramento, California, area . Buying directly from farmers has a disproportionately large impact on the local economy." This is an example of the at work in a local economy. RMERS MARKET OPEN TODAY 1 F. What is the difference between "real" and "nominal" whether it is real GDP or nominal GDP . real income or nominal income . real interest rate or nominal interest rate?