4. TRUE or FALSE. If the statement is true provide a justification. If the statement is false provide a counterexample. You may use games that we discussed in class, or you may create your own games to use as a counterexample. If a strategy profile s* is a dominant strategy equilibrium, then it weakly or strongly Pareto - dominates all other strategy profiles.

Q: if the capital flow is restricted for a small scale industry how will the production function of the...

A: Production function: Y = F(K,L)  that means the production of output (Y) depends on two factors of p...

Q: Describe the role energy plays in economic growth.

A: When firms produce commodities they employ many inputs like labor, land, capital, energy,etc.

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A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity d...

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A: Marginal rate of Substitution refers to the rate at which one good is given up to get one additional...

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Q: Chorlton, Fenella and O’Reilly are the sole inhabitants of Cosgrove. Their total holdings of $600 be...

A: 6. The velocity is given by, V=TransactionMoney Supply=30+15+75600=120600=0.2 7.If the amount was X,...

Q: Rose recently graduated in engineering. Her employer will give her a raise of $6500 per year if she ...

A: * SOLUTION :-     

Q: Find the value of Y. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $1,000| $1,000 $5,00...

A: Fixed cost (FC): - it is the cost incurred on the fixed capital assets like land, building, machiner...

Q: Describe strategies for reducing unemployment; creating alternatives to capitalism through worker co...

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Q: MC Price AC £/unit AVC D2 D3 D1 D4 Quantity/ week Figure 10 Cost curves for a firm Figure 10 shows t...

A: Demand Curve: - demand curve is the graphical way of showing the relationship between the quantity d...

Q: In perfect competition, a firm can maximize profit by producing at a quantity where price Is lower t...

A: In perfect competition there are large number of firms selling identical goods.

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Q: 3. Calculate the steady state level of investment in an economy with a savings rate of 15%, populati...

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Q: 1. A) When it comes to the level of utility that can be attained along an individual demand curve, w...

A: 1 A) The answer is - a-the level of utility increases as the price of the product falls  

Q: Rising health care costs O stretch government budgets, especially as the proportion of the populatio...

A: Disclaimer “Since you have asked multiple questions, we will solve the first question for you. If yo...

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Q: Given the 12th term is nine and the 25th term is 100 .. find the 8th term.

A: Formula for nth term of AP is a + (n-1) d Where a is the first term and d is the common difference. 

Q: Big Sky Mining Company must install $1.5 million of new machinery in its Nevada mine. It can obtain ...

A: 1. Total cost of owning an asset is the actual cost of purchasing any asset. And this is inclusive o...

Q: ont Total cost Output pil changes per hour) (dollars p er hour) 10 1 20 35 3 50 4 so

A: Fixed cost is the cost that remains same at all levels of output whereas variable cost is the cost t...

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Q: The region of demand in whích the monopolist will choose a price-output combination will be: elastic...

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Q: ppose that autonomous consumption is 50, government purchases are 125, planned investment spending i...

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports in ...

Q: Find the value of A. Quantity Total Cost $5,000 Fixed Cost Variable Cost Average Total Cost Average ...

A: The sum of fixed cost and variable cost makes total cost.

Q: Are there any circumstances under which society could exist without law?

A: ANSWER   A Society rarely survives without some formed code of conduct. Thus it cannot exist without...

Q: Describe three problems that make the consumer price index an imperfect measure of the cost of livin...

A: It is a measure which takes into account the price level of goods in the market and hence is used in...

Q: The opportunity cost of a decision is the sum of all the foregone benefits that you'd receive from a...

A: Every choice needs a trade-off because resources are limited. Opportunity cost arises when there is ...

Q: Find the value of X such that the two cash flow transactions are economically equivalent at 12% comp...

A: Solution:-  PV = 800 + 800*[[(1+0.12)n-1)]/[0.12* (1+0.12)n]] =800 + 800[ 1.12^4-1]/[0.12*1.12^4] =$...

Q: 1. Which of the following is a likely scenario following a prevalent increase in death from HIV/AIDS...

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Q: Thomas has the following utility function over milkshakes (m) and smoothies (S): U (m, s) =m+3s Toda...

A: Two goods Perfect substitutes when only one of them is consumed depending on price ratio and margina...

Q: 4. Assume that Canada and Kenya are ti a. If the real interest rate in Canada decreas Canada and the...

A: The correct answer is given in the second step.

Q: Which of the following is NOT a condition necessary for perfect competition? There are may buyers an...

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the m...

Q: Find the value of Z. Quantity Total Cost Fixed Cost Variable Cost Marginal Cost $5,000 $4,000 $1,000...

A: Total cost is the sum of variable cost and fixed cost. Variable cost depends on quantity whereas fix...

Q: Price and cosh idolian per un %3B 10 6. ARAC MC ME Quy nio of un te an a age t sng ie e he al py abo...

A: Consumer surplus refers to the area above the price in below the demand curve. It is the difference ...

Q: Figure 9 Cost curves for a price-taker firm Figure 9 shows a price-taker firm, with average cost AC,...

A: The curve that depicts the various quantities of goods being demanded by individuals by various leve...

Q: LR-ATC Q1 Q2 Q4 Output In the above figure, between Q3 and Q4 units, the firm experiences O a diseco...

A: economies of scale are the cost advantages that enterprises obtain due to their scale of operation, ...

Q: 1. Write the production for your team Stage I Stage 2 Stage 3 Stage Units Value Total Piece in Stage...

A: Answer a. Assuming that the production for the third stage was double, the new values are : UNITS...

Q: An investigation into the demand of T.V sets in the following satellite towns has supplied the follo...

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Q: Jack has a utility function U(x1x2)=2(x1)(x2)^2 , and the price of x1 is 3$ and the price of x2 is...

A: Dear student as you have posted multiple sub-parts in a question but according to our policies and g...

Q: If a company's annual discount rate is 10% how much money would you need in 4 years to be equivalent...

A: Present Value=FV(1+r)N    where, Present Value = $1000 r = discount rate = 10% = 0.10 FV = Future Va...

Q: What is the total variable cost of 2 oil changes?

A: Total cost is the sum of fixed cost and variable cost.

Q: 455 565 ccc 420 510 465 540 545 350 530 505 455 655 520 360 405 545 350 450 435 265 385 540 560 495 ...

A: Sample is a small set of data obtained from the population data. Sample mean is found by dividing su...

Q: Question 25 Which of the following is not one of the classical policies? O Laissez- faire O small go...

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Q: Show how consumption and savings evolve in an economy that starts with a level of capital well above...

A:

Q: Question 7 If a seller's marginal cost is MC-15+4Q, calculate the seller's total cost (TCC) of suppl...

A: Total cost (TC): - it is the sum of fixed and variable costs incurred in the production process. Mar...

Q: An individual lives for two periods (1 young, 2 = old). His/her preferences over the con- sumption s...

A: Given information 2 period model When Young and when old. Utility function U=logC1+ b logC2 Income i...