Q: 1. A factory produces 1,500 electric machines per annum. The variable cost per machine is Rs. 100. T...
A: Marginal cost is the change in total cost or total variable cost per unit change in output.
Q: 3- Given: Y=C+l+G, C=25+0.75Y, I=lo= 50, and G=Go= 25 Find the equilibrium level of income
A: The economies around the globe are involved in various economic and financial activities. The econom...
Q: Data for output (real income) and savings are presented in the table below. a. Fill in the missing v...
A: Formula to calculate:- a) APC=CYb) APS=SYc) MPC=∆C∆Yd) MPS=∆S∆Y
Q: A consumer is faced with the following utility function, U(x1 x2)=(xp1 1+xp2)1/p, where 0<p<1. The c...
A: Utility function : U(x1 , x2 ) = (xp1 1+xp2)1/p Budget Constraint : p1x1 + p2x2 = m Firstly we der...
Q: Suppose a country currently has a total debt of $13 million. If its GDP in the current year is $7 mi...
A: Debt = 7% of 13 million = (7/100)*13000000 = 910000 Now we have to find out how much percent is 9100...
Q: Analyze whether the following statements based on the 3 components in deriving the AS curve are true...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: M/c question - Micro 29) What is a characteristic of a perfectly competitive market? A. Goods off...
A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...
Q: Question 18 HomeworkUhansweed Due Mar 22nd, 11:59 PM Refer to TABLE1. In 2010, this country's real G...
A: Gross domestic product (GDP): - GDP is the market value of all final goods and services produced in ...
Q: Humanity is faced with a tough choice, work or leisure. Within the theory of consumer behaviour, app...
A: Consumer optimization occurs where the budget line is tangent to the indifference curve. The indiffe...
Q: 35) What is the firm’s efficient scale? A. the quantity of output that minimizes average total cos...
A: (35) A firm's efficient scale implies the production of output such that it minimizes the average t...
Q: Superiority of Robbins' Definition of economics is rightly called the "Superiority of Robbins' Defin...
A: Economics is this same social science that studies how products and services are produced, distribut...
Q: 1. Use the model of the small open economy to predict what would happen to the trade balance, the re...
A: Small Open Economy refers to a model which participates in international trade, but is of small size...
Q: In this version of the ultimatum game experiment, one participant is given £100, and is told to offe...
A: Option B is the correct answer
Q: 7. At what price would there be a shortage of 800 video games?
A: We will answer the first question since the exact one was not specified. Please submit a new questio...
Q: Vegan food diets becoming more popular, more mainstream You've come a long way, vegan. Once mocked...
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes a...
Q: If the Utility function of an individual takes the form u(x, y) = (x + 2)² (y + 3)³ where U is total...
A: As given U(X,Y) = (x+2)2(y+3)3 MUx =∂U∂x
Q: An investor has decided to commit no more than $80,000 to the purchase of the common stocks of two c...
A: The optimal price is the one that maximises the seller's overall profit. When a price is set too low...
Q: 3. Compute Nominal GPD, Real GDP, and GDP Deflator using the data below Compute the % change in Nomi...
A: Nominal GDP is current year GDP. Real GDP is constant year GDP.
Q: In your own words, explain What is Globalization
A: Globalization As a result of cross-border commerce in goods and services, technologies, and investme...
Q: 1- Solve the set of simultaneous equations below: a- 2x-4y=-24 9x-3y=-3 b- 2x+3y=27 6x+9y=81
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: 2. Assume the supply and demand for paper is given by the following: Demand: P =1500 – 0.1Q Private-...
A: Introduction Demand function has given as P = 1500 - 0.1Q Multiply the above equation by Q, we have ...
Q: Price elasticity of demand for gasoline is estimated to be -0.3 in the short run and -1.2 in the lon...
A: Given Short-run price elasticity of demand for gasoline =-0.3 Long-run price elasticity of demand ...
Q: given this payoff matrix what should SA and V choose to do? is there a prisoners dilemma? Qon 3m 744...
A: Given Pay off matrix
Q: Compare and contrast the Bretton Woods system's assumptions with the Washington consensus.
A: Bretton woods system: If we consider the monetary system on the international level then the Bretton...
Q: Fishermen in the Atlantic ocean in Nova Scotia are catching fewer fish and are having to fish many m...
A: The concept that depicts additional output that results from one unit increase in the use of inputs ...
Q: a. mixed b. free market c. command market 2. In a economy, prices are determined by consumers, busin...
A: The economics as a study is based upon the basic idea that the resources which are present with the ...
Q: am trying to find the simplest way to solve the question if Im using a cas calculator) (Formulas an...
A: *Answer:
Q: The autonomous savings level is -300, if the income increases to 500, the level of consumption will ...
A: Autonomous saving= -300 Income=500 Consumption= 700
Q: Consider two lotteries: • Lottery 1: The gamble (0.1,0.6,0.3) over the final wealth levels ($1, $2, ...
A: People who prioritise capital preservation over the possibility of a higher-than-average return are ...
Q: 1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q: ...
A: Introduction Inverse demand function P = 10 - 0.05 Q Qd = 200 - 20 P Inverse supply function P = 1 +...
Q: A firm’s average cost (AC) per unit of output depends on the number of hours of skilled labor (S) an...
A: The average cost curve is the Total Cost curve divided by quantity. The average cost curve is U-shap...
Q: Explain production function to a non-academic audience.
A: The markets are the place where the buyers and the sellers tend to interact with each other. The dem...
Q: Draw a perfectly price inelastic demand line. Then draw a supply increase. was affected more, price ...
A: A inelastic demand curve represent a demand that is not much responsive to change in the price of th...
Q: Consider the following numerical example of the Solow Growth Model: s=0.25 z=1 F(K,N)=K0.3N0.7 d=0.0...
A: Introduction Y = K0.3 N0.7 Here it has given that capital per worker is 1 and n is 0. So income will...
Q: React to the statement below: “The glory of globalization could also be its downfall.”
A: Globalization refers to the process of integration of the economies of world. This integration invol...
Q: In an OLG model with money: Each gen picks 12 banans when young, O bananas when old. Central bank pr...
A: Overlapping Generations Model (OLG) is defined as a model which is used to explain economic growth a...
Q: Which of the following will always produce a "black market?" a. public goods b. negative externaliti...
A: Black market refers to the situation where the goods are sold at a rate higher than the price fixed ...
Q: 2. Two pumps are being considered for a pipe system. Table P4.39 shows the economic and operating pa...
A: Cost is divided into two categories such as total fixed cost and total variable cost. Total fixed co...
Q: a. What is the market price (market value) of the product? 8 per unit b. What is the market output? ...
A: Here, the given graph shows the demand and supply of a good in the market with equal price elasticit...
Q: "If a normal form game has no pure strategy Nash equilibrium, then in any Nash equilibrium, at least...
A: Statement true
Q: Graph the following a. Flood destroys the rice crops. Demand remains constant. Show effects on marke...
A: a. Rice grows well when submerged in water, but if flood levels are high enough to submerge the ent...
Q: For a certain good, when the good's price falls from $12 to $10, its quantity demanded rises from 10...
A: Price elasticity of demand = %age change in QD / %age change in Price
Q: 3. In 1986, the CPI stood at 109.6 while in 2016 it stood at 240.0. In 1986, a new Toyota Corolla LE...
A: Consumer price index is the weighted sum of a consumption basket used to gauge inflation rate in the...
Q: A first year student estimated a linear consumption function and found out that Ct = 200 +...
A: Income refers to the source of livelihood which gives the incentive to workers. It means the people ...
Q: A country puts in a quota limitation on the importation of cherries into their country. Cherries imp...
A: Here, it is given that the government imposed quota on the importation of cherry in the country, whi...
Q: The real GDP of the U.S. economy was $19,222.0 billion at the end of 2019. (a) Calculate the real GD...
A: Real GDP after 5 years will be calculated as = Real current GDP * (1 + g/100) ^ n
Q: Suppose that a firm's estimated production Q = K3/4L1/4 What is the marginal rate of technical subst...
A: Marginal rate of technical substitution refers to the ratio of marginal product of labour and margin...
Q: A country puts in a quota limitation on the importation of cherries into their country. Cherries imp...
A: Hi! thanks for the question but as per the guidelines we can answer only three sub-parts at one time...
Q: Welfare effects of a tariff in a small country ppose Bolivia is open to free trade in the world mark...
A: Consumer surplus refers to the area above the price and below that demand curve. Producer surplus re...
2. A loan of $25,000 was repaid at the end of 9 months with $28,500. What annual rate of interest was
charged?
3. If an investment company pays 16% compounded quarterly, how much should you deposit to have $5,000
two years from now?
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- To have a total of $10,000 after 8 years, what principal do you have to deposit in a 4.5 percent saving account compounded monthly?Assume, you want to get $1,000 after 5 years. How much equal amount of money do you need to deposit in an account that earns 12% annual interest to get that money? Check you answer with interest table.Edward wants to take a long trip around Europe 7 years from now. He estimates that he will need $12,000 to finance the trip. Edward has found a stock portfolio that generates a 8% yearly rate of return. How much does Edward need to invest today to afford the trip? Round to the nearest dollar, do not enter a dollar sign.
- How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?QUESTION 1 Muhammad takes out a loan of $ 2,130, at 8% simple interest, for 8 years. How much will he pay back at the end of year 8? QUESTION 2 Calculate the amount of interest on an investment of AED 103,971 at 8% simple interest for 5 years. QUESTION 3 If you deposit today $7,335 in an account for 6 years and at the end accumulate $10,885, how much compound interest rate (rate of return) you earned on this investment ? QUESTION 4 You will deposit 12,025 at 10% simple interest rate for 9 years, and then move the amount you would receive to an investment account at 12 % compound rate for another 3 years. How much money would you have at the end of the entire period ?2. A savings bank offered you 6% nominal interest compounded every 2 months. You deposited $4,000. a) How much money will you get back after 5 years? b) What is the effective interest rate?
- Question 1: If you borrowed 18000$ at 4% annual interest. You agreed to repay the loan with five equal annual payments. How much of the total amount repaid is interest? How much of the third annual payment is interest, and how much principal is there? If you decided to pay off your loan after the third payment, how much will you pay?Eng. economics. If $2000 is invested at 7% interest compounded continuously calculate its value after 3 years.1. What interest rate compounded monthly is equivalent to 10% effective rate?
- An investment of $2658 is made at the beginning of each month for 4 years and 11 months. How much will the investment be at the end of the term, if interest is 5% compounded monthly? Round your answer to 2 decimal places.4. How long will it take money to quadruple if it earns 7% compounded semi-annually?URGENT! PLEASE WRITE LEGIBLE. Question Suppose we deposit $1500 into an account that pays a simple interest rate of0.5% each month. Find the amount of interest earned at the end of 3 years?