You like candy and cake. After using your entire $30 budget at the sugar store, you find that the marginal utility from the last candy you consumed was 60 and the last piece of cake was 30. Assuming you have maximized your utility and the price of a piece of candy is $4, calculate the price of cake? Do not enter dollar signs.

Q: The Whoville Marble Collective (WMC) makes fancy marbles for picky Whos. WMC's output is given by Q…

A: The production function determines all the input bundles that produce the same output level.The…

Q: Discuss the recent Singapore government property market cooling measures and analyse their…

A: Government intervention refers to the implementation of measures by a governing body that impact the…

Q: The market for burritos in a college town is shown to the right. At price of $7, how much excess…

A: The equilibrium occurs where the demand and supply curve intersect each other. The price below the…

Q: Q(A,K,L) = A(t)KL and A(t) = 0,2t According to given production function if the capital increases…

A:

Q: According to the table below, Asset Stocks Diamonds Oll Housing U.S. farmland Average price level…

A: Given informationThe change in value of gold between 1991 to 2001 is -29%The change in average price…

Q: Explain the theory of comparative advantage. How realistic are the assumptions of this theory?

A: The theory of comparative advantage, developed by economist David Ricardo, explains how countries…

Q: (a) Does this production function exhibit increasing, decreasing, or constant returns to scale?…

A: (a) The production function exhibits increasing returns to scale. This is because if we double the…

Q: What polices would lead to unintended consequences like black markets? Explain

A: The black market alludes to an illegal or informal economic framework where goods, services, or…

Q: The securities at the heart of the global capital markets are the Mortgage Backed Securities (MBS).…

A: While Mortgage-Backed Securities (MBS) are an important part of the global capital markets, they…

Q: 1. Suppose there are two power plants that release sulfur dioxide (SO₂) into air at their current…

A: Given that;MAC1 = 3q1MAC2 = 2q2Two power plants release 150 units of SO2  and each firm currently…

Q: Suppose you deposit $700 cash into your checking account. By how much will the total money supply…

A: Change in money supply = Money multiplier * change in depositsMoney Multiplier = 1 / Require Reserve…

Q: 2. How would you advise the Greek and U.S. governments to use these tools to manage their economies?…

A: Monetary Policy: refers to the action taken by central bank to control the money supply, interest…

Q: Question 2 In the basic Keynesian model, fiscal policy should not cause an increase in the public…

A: In the basic Keynesian model, fiscal policy is designed to stimulate the economy during times of…

Q: According to the principal of comparative advantage a country A. will import goods it can produce at…

A: An essential principle of economics called comparative…

Q: Suppose Darcy has promised to mow his mum's lawn, either this Saturday (t-1), Saturday week (t=2),…

A: To determine Darcy's preferred period to mow the lawn based on his hyperbolic discounting…

Q: what is the capitalized cost (CC) of painting at an interest rate of 10% per year

A: The question is about calculating the capitalized cost of painting a public bridge.Capitalized cost…

Q: If the market interest rate equals 8 percent, the opportunity cost of the last new investment…

A: The opportunity cost is the value of the next best alternative that is forgone when choosing an…

Q: the mixed-strategy equilibrium, what is the probability of Firm 1 setting a low price?    Please…

A: Nash equilibrium is the point where best response of both players intersect

Q: How are equality and equity different concepts in sport? In baskexplore how equity is, in fact, a…

A: In the context of sports, equality and equity are two distinct concepts with different implications.…

Q: ___ occurs when insurance companies structure plans that provide an incentive for healthier…

A: Insurance is a contract between an individual(policy holder) and an insurance company. It is a tool…

Q: If the government increases taxes, what happens to the price index and the actual real GDP holding…

A: Aggregate demand is the sum of Consumption, Investment, government spending and net export. So, AD =…

Q: Consider the function: f(x, y) = y² − 3xy − 3y + 9x² - In the following you are asked to find and…

A: Finding the optimum solution for a given objective function while maintaining consideration-specific…

Q: Suppose the market demand for a good takes the form: 2=300-P D and the market supply takes the form:…

A: Market demand: the quantity of a good or service that consumers are willing and able to purchase at…

Q: Suppose the government increases expenditures by $50 billion and the marginal propensity to consume…

A: Aggregate demand is the sum of Consumption, Investment, government spending and net export. So, AD =…

Q: Suppose you'll have an annual nominal income of $40,000 for each of the next three years, and the…

A: In economics, future value refers to the projected monetary worth of an asset or investment at a…

Q: Refer to the graph. According to the economic concept of catch-up, which of the following is…

A: Catch up theory states that poor countries grow at faster rate than the rich countries because they…

Q: In the basic Keynesian model, fiscal policy should not cause an increase in the public debt.…

A: In the basic Keynesian model, fiscal policy is designed to stimulate the economy during times of…

Q: The markets for prostitution in Nevada and New Jersey have two important differences: (1)…

A: There are several factors that can affect demand for a product or service such as the price of the…

Q: Consider an imaginary price index, the Undergraduate Price Index (UPI), created to represent the…

A: A price index is a statistical measure that tracks changes in the average prices of a basket of…

Q: he below given fgure illustrates the Big Push model of development. Which of the following would NOT…

A: The Big Push model is a theory of economic growth that proposes simultaneous and coordinated…

Q: 5. The price of trade Suppose that Croatia and Norway both produce sunflowers and wheat. Croatia's…

A: Comparative advantage refers to the ability of the country to produce the good at a lower…

Q: Let F be the fixed cost of production, let VC be the variable cost of production, C be the total…

A: A tabular representation or a chart that outlines the relationship between the level of output or…

Q: 2. Looking at the January 2020 yield curve, which of the following is true? a Investors expect an…

A: A yield curve is a graphical representation of the interest rates (or yields) of fixed-income…

Q: In the video Susan George refers to the World Bank, IMF & WTO as the “terrible triplets” and the…

A: Susan George's views are part of a broader critical perspective on these institutions that is shared…

Q: In November 2008, parking rates were increased substantially for the "Big Blue Deck" at Detroit's…

A: Products that are inelastic do not change consumer purchasing patterns or adhere to the…

Q: 1.2 Describe the channels through which open market purchases by the Fed affects output in an open…

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

Q: Indicate how changes in monetary policy are transmitted to the goods and services market? Discuss…

A: Monetary policy is the cycle by which a country's central bank or monetary authority deals with the…

Q: With the help of appropriate diagram, explain the effect of an increase in specific tax on…

A: A specific tax is an indirect tax charged at a fixed rate on sales of a good or service.

Q: Suppose that the equilibrium real federal funds rate is 4 percent and the target rate of inflation…

A: The federal funds rate is the overnight interest rate at which depository institutions (such as…

Q: Sharon is hoping that an investment of $30,300 will provide additional revenue to the store of…

A: The discounted payback period is a financial metric used to assess the time it takes for an…

Q: When the price is 40 TL 1. II. IV. V. 55- 50- 45- P 40 35 30- 25- 20- 15- 10- 5- 0 0 ہائے There is a…

A: The point at which the supply and the demand curve intersects each other is referred to be as the…

Q: What type of variable is Log GDP per capita?

A: GDP per capita - Gross Domestic Product it is a measure of the economic total output of a country.…

Q: Give typing answer with explanation and conclusion

A: A good that is excludable and rivalrous in consumption is a private good.

Q: Answer five questions given the following data for 2019: The Equivalence of Expenditure and Income…

A: A measure of the total valuation of all final products produced within a country's borders during a…

Q: What is the average product doing when the marginal product is decreasing? Why?

A: Average Product (AP): Average product represents the average output produced per unit of input. It…

Q: If Qs = 40 + 10p, and Qd = 400 - 30p, what is the equilibrium price? O A. 11 B. 12.67 C. 14 O D. 42

A: The Equilibrium occurs where the demand and supply are equal. Price prevailing at the equilibrium is…

Q: To what extent can Porters Theory of Competitive Advantage be used to explain growth and development…

A: Porter's Theory of Competitive Advantage: A framework by Michael porter that explains the sources of…

Q: Is it possible that Step. 3 contains a contradiction?

A: To answer whether  Step. 3 contains a contradiction.

Q: Which attribute in perfect competition makes it so firms will make zero economic profit in the long…

A: 1. Perfect competition is a market structure characterized by a large number of buyers and sellers,…

Q: You are studying a restaurant, that sells only pasta, and operates in a monopolistically competitive…

A: Total revenue determines the amount earned from the quantity produced.Economic costs involve not…