What is price line in economics? Explain with proper graph?

Q: Given the following national income accounting data, answer the questions that below. All figures…

A: We can determine the GDP by 2 method  1) Income method  2) Expenditure method Formula for…

Q: Q3. From the following data about Firm A, calculate "Net Value Added at Market Price' by it: (7 in…

A: Value addition refers to an improvement in the product such that it is able to provide a better…

Q: Which of the following is considered a factor of production? A) Money B) Labor C) Stocks and bonds…

A: Factors of production are the resources that are used in the production process to create goods and…

Q: i need the answer quickly

A: The production possibility schedule represents the bundles of commodities an economy can produce at…

Q: QUESTION 6 Which of the following production functions exhibit constant rehurns to scale? In each…

A: Given: The various production functions are, as: 1) Y = K1/2L1/3 2) Y = 3K1/2L1/2 3) Y = K1/2 + L1/2…

Q: i need the answer quickly

A: Japan has absolute advantage in the production of cars as it can make 80 cars in 2400 hours whereas…

Q: Assume that a bank receives a deposit of $1,000 in cash, puts aside $200 as required reserves, and…

A: reserve ratio refers that the ratio which is determined by the central bank for the domestic bank…

Q: Gross Domestic Product at FC by expenditure method (Rin crore) (1) Private Final Consumption…

A: there is 2 method of calculating GDP - income and expenditure method  by using expenditure method we…

Q: Knowing that peanut butter and jelly are complementary goods, what can be expected if the price of…

A: Complementary goods are those goods which are both depend with each other so if the price of one…

Q: Suppose Mobile Inc. and Honzon, two large mobile service providers, are each considering whether to…

A: There are two players : Horizon & Mobile Inc.Strategy set of Horizon = Strategy Set of Mobile…

Q: Which of the following events is expected to cause the equilibrium quantity to rise? demand…

A: demand and supply is the main factor which can affect the price and quantity in market so we can…

Q: All of the following are examples of common fixed costs except Multiple Choice sales commissions…

A: Fixed cost are that cost which is fixed in nature , which is not changing so we can find the answer…

Q: A demand curve shows the relationship between a) price and technology. b) the demand and supply…

A: demand curve represent the relation between price and quantity we can choose the correct option as…

Q: According to the Keynesian cross model, if the marginal propensity to consume is 3/4, an increase in…

A: when Government spending is increases income level in the market will be rise because government…

Q: You are purchasing a car. Consider the following information: Retail Cost: $30,000 20% Down Payment.…

A: Present worth, also known as present value, is a financial concept used to evaluate the current…

Q: 7. The following facts apply to a small, imaginary econormy. Consumption spending is $6,720 when…

A: The fiscal multiplier calculated  the effect that increases in fiscal spending will have on gross…

Q: copy from the record company. This instance serves as an example of: O market power. O inefficient…

A: The markets are the place where the buyers, and sellers of the goods, and services meet, and…

Q: When equilibrium price rises but equilibrium quantity remains unchanged, the cause is A Supply and…

A: If demand increments and supply stays unaltered, a lack happens, prompting a higher equilibrium…

Q: 3. Choose the correct answer. Only one answer may be marked/circled. 1. The equal service…

A: 1. Option A is correct because  Specified study period  Explanation  In order to satisfy the equal…

Q: 1- The supply and demand functions for complementary goods (jeans and shirts) are given by the…

A: Given :  Demand and Supply of jeans (assuming jeans to be good X) PdX = 100-5Qx-Qy PsX = 50+Qx…

Q: i need the answer quickly

A: At point A, Saber is producing 15 units of wine and 25 units of cheese. Total wine produced at point…

Q: 13. If the project ROR values do not provide the same ranking of alternatives as do PW and AW…

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: LAW OF DEMAND I choose Betty crocker Scenario 2: a. If the company decides to earn more profits and…

A: The rule of demand is one of the most fundamental concepts in economics. It integrates the laws of…

Q: When other things remain unchanged, what can be expected if Blue-ray movies become significantly…

A: when the demand is more in the market price will be less so here we can choose the correct option…

Q: 15. Mainly, "Engineering Economy" involves: a. Marketing, statistics, contingency plans, and…

A: Economics is the study of different production, consumption, and distribution activities. Economics…

Q: What's the future value of an 11%, 5-year ordinary annuity that pays $800 each year? If this was an…

A: here A=$800 n= 5 year  r = 11% so here we can use the Future Value of Ordinary Annuity  and  Future…

Q: Q.4. Suppose the following functions are estimated for Pakistan economy. The consumption function is…

A: Aggregate demand is the value of total output produced in an economy at a given period of time. The…

Q: What happens when production is inside the production possibilities curve? The production is not…

A: Production possibilities curves represent the possible production of the goods and services with…

Q: Q2/choose the right answer 1- I _work very hard because I have an exam next week. A) am having B)…

A: 1. The answer is - D) have to Hence, I      have to      work very hard because i have an exam next…

Q: Other things remain equal, which of the following factors causes the market supply curve of Blue-ray…

A: shifting of demand curve depend upon the different situation we can choose the answer below as…

Q: Determine whether each of the following topics would more likely be studied in microeconomics or…

A: There are two type of economics - 1) Microeconomics- it is the that type of economics which can deal…

Q: The government raises taxes by $100 billion. If the marg nal propensity to consume is 0.8. What…

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

Q: Suppose that as the price of X falls from $4 to $3 and the quantity of X demanded increases from…

A: Given information: Initial Price: $4 Final Price: $3 Initial Quantity demanded: 1100 Final Quantity…

Q: Suppose that Portugal and Austria both produce fish and wine. Portugal's opportunity cost of…

A: If any country have low opportunity cost so it have good comparative advantage so we can answer the…

Q: Suppose most economists agree that the target rate of unemployment is between 5 and 8 percent. If…

A: The target rate of unemployment means the lowest possible level of unemployment desired in the…

Q: 20.The Growth definition of Economics was introduced by (A) (B) (C) (D) J.M.Keynes and P.A.…

A: option A is correct answer the definition of growth was introduced by   The American  economist 20th…

Q: Use the table below to calculate the bid rent for manufacturing in Burgville in dollars per acre.…

A: so by using the formula we can calculate the Bid Rent as follow-

Q: Example 46. If the demand function is p = 25 – 3x - 3x, find the consumer's sume when p=7

A: A consumer surplus refers  when the price that consumers pay for a product or services is less than…

Q: What is monopoly market? Explain

A: Monopoly market in simple words we can say that A monopoly business model is a market with a…

Q: 14) Which of the following Fed actions reduces the money supply? O A) Increasing the amount of loans…

A: Fed action is the tools which is used for regulating the money supply in the economy , so there is…

Q: Consider the following production function: Q = 55 K/L4/3 A. Determine whether this production…

A: Production function is the relationship between the technology and output , so it has increasing…

Q: Use the table to answer the questions. Define productivity as GDP per worker, and please enter all…

A: GDP per workers refers that how much per worker gives their share in GDP growth  it is also known as…

Q: What is law of variable proportion?What are the assumptions of the law?

A: In simple words we can say that the law of variable proportion is the that which always takes place…

Q: 9. Assume GDP is currently $12,800 billion per year and the quantity of money is $512 billion. a.…

A: Velocity of money refers that it can measure of calculate the rate at which money is exchanged , it…

Q: The marginal, or additional, gain from Sam's second hour of work, from 9:00 AM to 10:00 AM, is -…

A: Marginal Gain is calculated by  Total problem or TPn - TPn-1  so we can solve this as follow-