1. Is GDP an adequate measure of national economic activity? 2. Should GDP be replaced by a new Quality of Life Measure (consider whether "quality of life" should be based purely on economic conditions)?

Q: The figure below shows the market for the new Guns and Butter album, "Live at Saskatoon." 0 Market…

A: Surplus arises when the supply of a commodity is greater than its demand and this situation arises…

Q: Question 23 A competitive firm has a total cost function in dollars of the form C(q)= 100–4q + q^2,…

A: Given; Total cost function; C(q)=100-4q+q2 Market price; P= $10 Supply function for competitive firm…

Q: Recall the model of firm's technology choice illustrated below, which provides an explanation for…

A: Isocost line denote different combinations of inputs that can be used to produce different amounts…

Q: The main participants in the financial markets are ___.     dealers, brokers, regulators.…

A: A financial market is a market where financial instruments are bought and sold, which means bonds,…

Q: The demand for loanable funds is determined by the willingness of ________ to borrow money to engage…

A: In an economy, households are the ones that provide factor services to the firms and against the…

Q: Which of the following is an example of a nominal variable?     A.) Output     B.) Employment…

A: There are two types of variables Macroeconomics is concerned with, nominal and real variable.

Q: b)For each of the prices below, determine the firm’s profit-maximising (optimal) level of output in…

A:

Q: 4. Suppose that a firm has a total cost function C(Q) = 5000-40Q² +4Q³. Find AVC, MC, min ATC. What…

A: Given cost is a function of output level (Q) only, which means that cost function has only varaiable…

Q: COUNE 689 TVC 0 65 105 135 167 a. 203 244 293 55 355 432 10 527 4. Explain why the short-run MC is…

A: MC curve refers to the marginal cost curve.

Q: Your firm's research department has estimated your total revenues to be R(Q) = 3,000Q - 8Q and your…

A: Net benefits are the difference between total revenue and total cost. Profit is maximized where…

Q: 2. What is the significance role of financial institutions, is and how it operates? of understanding…

A: Any central bank is the financial institution that is given a privileged control over the production…

Q: If the price index was 125 last year and is 138 this year, this year rate of inflation will be??

A: Inflation is easy language we can say that it is increase or merely rise in the prices of the goods…

Q: The cost of the Good Son Stroller to the retailer is $245.  If the retailer wants a rate of mark up…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: 2. The internal rate of return on an investment refers to the interest rate earned on the: a.…

A: The internal rate of return, often known as the IRR, is a financial indicator that is used to…

Q: List the following commodities in order of income elasticity, i.e. in order of their responsiveness…

A: Income elasticity refers to the process through which the demand of a good changes when its income…

Q: Use the following table to answer the question about taxes, where P = Price buyers pay, P, Price…

A: Here, the given graph shows the price for buyers and sellers at the market quantity, with and…

Q: Assume that the economy in a particular period is characterized by the following data: Actual…

A:

Q: 2. The internal rate of return on an investment refers to the interest rate earned on the: a.…

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

Q: 1.B Suppose the capital share in New Zealand is a = 3/5. Mark ALL of the CORRECT statements. For…

A: α=35

Q: During the pandemic, stockpiling behaviours have been criticized in the newspapers and described as…

A: A socially desirable outcome is such an outcome that maximizes overall society's payoff.

Q: 12. In calculating the annual worth of an alternative over one life cycle, the value obtained is: a.…

A: Introduction  Annual Worth  All cash flows are converted to an equivalent uniform annual amount over…

Q: TFC q TVC 0 0 1 65 2 105 3 135 4 167 5 a. 203 6 244 7 293 8 55 355 9 432 10 527 4. Explain why the…

A: The Marginal cost (MC) is J-shaped and is simply the performance of the rising portion of the  MC…

Q: You've decided to sell sweatshirts for the upcoming game. You project that at a price of $36.48 per…

A: Profit is maximized at a point where marginal revenue is equal to marginal cost.

Q: A firm producing hockey sticks has a production function given by Q=2√KL. In the short run, the…

A: The marginal cost refers to change in the total cost when one additional unit of output is produced.…

Q: *How are the following related to each other? a. the long-run equilibrium rate of output b. the…

A: Introduction Potential GDP:  it is the quantity of real GDP when there is full employment of labor .…

Q: There is still unemployment rate of 3% even though the economy is at full employment. This is…

A: Full employment refers to an economic situation in which all available labour resources are used as…

Q: Which economist said that Capital consists of stored up labour and capital Irvin Fisher Bohm- Bawerk…

A: Answer is given below

Q: Is there a commonality of the customer’s needs across countries?What will the product be used for…

A: Yes there a commonality of the customer’s needs across countries.

Q: Offer, acceptance, and consideration are necessary elements of   A.a warranty   B.a…

A:

Q: 1. The IS and LM analysis is a post-Keynesian model. What is your evaluation of the value of this…

A: The fiscal policy directs the usage of government spending and tax policies to control macroeconomic…

Q: A firm faces the demand curve: P = 1,374 - 16Q. What is the firm's revenue maximizing price? Enter…

A: "Demand function of a firm shows a negative relationship between price of a product and quantity…

Q: The most important determinant of a country's standard of living is     A.) Labor supply     B.)…

A: Standard of living refers to the accessibility of quality goods and services to the people living in…

Q: The economy of Ghana is made up of three sectors namely: Agriculture, Industry and Services. These…

A: As of late notwithstanding, the area has been a minimal supporter of the public results. Patterns in…

Q: Collusion between firms is: A merger of two sellers Regulatory restrictions on the entry of new…

A: Collusion is part of a collusive oligopoly in which the firms join hands and restrict their output…

Q: Use a diagram to describe the structure of a bank bill.

A: Bank, an institution that deals in cash and its substitutes and provides alternative services…

Q: When production in an economy grows more quickly than the population in that economy, which of the…

A: Productivity refers to the ability to produce goods and services with the given resources and…

Q: c) Obtain information on the following two funds: Colonial First State Developing Companies Fund…

A: An investor refers to a person who puts money into a business in the hopes of making a profit or…

Q: If TC = 88 + 140Q, what is the marginal cost when Q=29? Enter as a value. 1

A: The cost that is incurred by the business for incurring and carrying out the day-to-day transactions…

Q: pes of beers, Dark-ale and Light-ale daily ith a to que beer Br very produces 2 function given by TC…

A: There are two types of goods in production : D & L  Such that - TC = 8D + D*L + 3L  TR = Pd *D +…

Q: Consumption in the calculation of gross domestic product does not include Consumer services Consumer…

A: GDP refers to the production of goods and services during an accounting year.

Q: 2. Fill in the blank your numeric answer for each of the following question. 1. A machine with a…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: You win the lottery on July 1st, 2022! It is $1,000,000. But the thing is, they won't pay you that…

A: An annuity is an agreement between you and an insurance company in which you construct a lump-sum…

Q: 1. Which of the following is a tool a company's understanding of its position relative to other…

A: NOTE: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Suppose a bank has $2,500,000 in checkable deposits and the required reserve ratio is 10%. Also, the…

A: Given information,  Checkable deposits: $2,500,000 Required reserve ratio: 10% Total reserves:…

Q: If firms were controlled by workers, would they likely hire more or fewer workers? Why?

A: Introduction The topic is related to wages of the workers in firm or a company.

Q: 2. Table: The following table shows the private value, private cost, and social value for a market…

A: The level of output that mirrors every one of the expenses and advantages related with an exchange…

Q: How did you get the productivity of the new unit. What formula is used?

A: Productivity represents the ability of a factor of production to produce goods and services which…

Q: A company in a free competition market has marginal costs given by MC (Q) = 60 + 4.Q where Q is the…

A: A competitive market where large numbers of buyers and seller exchange homogeneous product at the…

Q: The Great Recession of 2007-2009 hit young people particularly hard, with long-lasting effects. The…

A: Nash Equilibrium the equilibrium strategy which the best action given the other players action. So…

Q: 1. In the blanks below, mark the following statements as either TRUE (T) or FALSE (F). 1.…

A: According to Bartleby policy only first three subpart solve here mention remaining questions…