Q: The demand and supply equations for product A are given by the following equations: P = 40 – 5Q P =…
A: A) "Equilibrium is attained at a point where demand equation equates supply equation." As per the…
Q: Goods x and y are perfect substitutes. When the market price of good x is $5/unit, firm F produces…
A: Given; Market price of good x= $5 per unitQuantity produced by firm F of good x= 500Increase in…
Q: TC FC TVC AVC ATC MC 100 1 130 75 3 165 4 50 250 330 7 90 What is the total variable costs (TVC or…
A: Answer: The following formulas will be used: TVC=TC-FCAVC=TVCQATC=TCQMCn=TCn-TCn-1where,MCn=marginal…
Q: 3.45 Today, an engineer deposited $10,000 into an ac- count that pays interest at 8% per year…
A: Calculate the Future Value of $10,000 for months 2, 11, and 23, then subtract $1000 from each.…
Q: National Income Statistics for ABC in 2022 ITEMS MILLION Agriculture 10000 Mining and quarrying 1500…
A: The measure that depicts the final value of goods and services being produced in an economy during…
Q: Discuss the impact of Covid-19 on the profitability of the airline industry – general and low-cost…
A: Here we Discuss the impact of Covid-19 on the profitability of the airline industry – general and…
Q: According to the climate graph, what is the range of temperature recorded in the city of Yakutsk?…
A:
Q: If the price of your cell phone contract increases from R 700 to R 900 over a period of one year and…
A: "Nominal income does not reflect for changes in the price levels and real income reflect for the…
Q: Suppose hot dogs and mustard are complements in consumption. An increase in the supply of hot dogs,…
A: Answer: If hot dongs and mustards are complements then a decrease in the price of one good will lead…
Q: Exercise 4 Use a combination of text and drawing of figures when answering the following questions:…
A: Fiscal policy Fiscal policy refers to the policy of the government and central bank of the nation…
Q: CBK tips new digital shilling to take on high M-Pesa charges The proposed Central bank digital…
A: The trajectory of Kenya's domestic payments suggests the development of a strong, inclusive, and…
Q: The impact on economic growth because of cyclical unemployment will be through A. Reduced labour…
A: Unemployment is a situation in which a person who is willing and able (capable) to work do not find…
Q: The multiplier process can occur when a decrease in investment spending… a) Increases household…
A: "The investment spending multiplier indicates how much aggregate income will change with any change…
Q: (a) The figure 2 shows the situation facing Wel1 Done, Inc., a producer of steak sauce. What…
A: When marginal revenue is much less than the marginal cost of production, a corporation is generating…
Q: Question 3?
A: A dominant strategy is one that a player chooses irrespective of what the other player is choosing.…
Q: B. The real interest rate is 4 percent and the nominal interest rate is 7 percent.
A: The lenders wants to increase their real income or wants to increase their purchasing power. So they…
Q: Amy has $12 to spend on coffee and soda. The price of coffee is $2 a cup, and soda is $1 a can. The…
A: A budget line is a downward-sloping straight line that contains all potential combinations of the…
Q: 1. Slovenia has 48 labor hours available and produces 2 goods, pipe cleaners and glitter. It takes…
A: An efficient production bundle is such that completely utilizes the economy's resources in order to…
Q: Elasticity Analysis: Answer the questions and show your solutions by illustrating a graph supporting…
A:
Q: A company is considering constructing a plant to manufacture a proposed new product. The land costs…
A: Given that Land cost=P300000 Building Cost =P600000 Equipment Cost= P250,000 Additional working…
Q: Suppose the demand for oil is P=122Q 0.20. There are two oil producers who do not cooperate.…
A: Initial calculation Here there are two firms who produce oil and each charge price=$13 and the…
Q: Consider the perfectly competitive model applied to the market for corporate discount bonds.…
A: Going by the loanable fund theory of bonds market there are two major players in the market , savers…
Q: Individual factor and situational factor
A: Samsung, the world's largest smartphone and memory chip manufacturer, forecasted increased profits,…
Q: Consider a competitive market with aggregate demand function QD = 180 - 3p and aggregate supply…
A:
Q: O Level of income above which a person loses all welfare benef
A: The breakeven level of income is income where there is no savings. That means Income= Consumption…
Q: the concept of Opportunity ost moving From D.t and B toC %3. D +10 ty of Butter Produced - AA A OFE…
A: *Answer:
Q: Please give me the correct answer and how to solve the problem The current 10-year USTS are trading…
A: With cash on one side and Treasury securities on the other, the repo market is essentially a two-way…
Q: Given the example of Toyota as a car manufacturer, explain to the management team how the company…
A: Economics is concerned with the well-being of everyone, including those with and without jobs, as…
Q: On a clearly labeled graph, show what happens to wages paid and employment if the government imposes…
A:
Q: Politics and economics are set to collide over welfare payments in the world’s most unequal nation.…
A: Respective answers to the questions are provided below in accordance with the given extract.
Q: The relationship between the factors of production and the output of goods and services. O a.…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: According to the IS curve, when interest rate i increases, equilibrium output Y will increase. O…
A: The IS curve illustrates different interest rate and production levels in such a way that the amount…
Q: 5. Consider an exchange economy with 2 agents and 2 goods. a. In an Edgeworth-Bowley diagram, show…
A: Edgeworth - Bowley diagram is a representation of general exchange equilibrium in which the…
Q: The price of coke is $1.50 (y axis); the price of burger is $4.50 (x axis). Suppose that Ahmed does…
A:
Q: Clothing R 30 Food Entertainment 2021 Price R 125 R5 2021 Quantity 45 15 8. 2022 Price R 140 R 45 R8…
A: Formulas: 1. CPI = (Cost of basket of goods in current year / Cost of basket of goods in base year)…
Q: Which of the following is most likely to be the best method of reducing the usage of personal cars…
A: Road Traffic and congestion is a major problem that any economy is facing in recent times. Due to…
Q: Diminishing total product, marginal product and average product characterize Stage 1. O True O False
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 2. Cultural diversity in the workplace refers to the differences among people owing to race,…
A: At the marketplace, people from different locations, culture, and other individual differences, work…
Q: A firm has the following average variable cost equation. AVC = 60 - 15Q+ Q? And the average total…
A: Given, Average variable cost= 60-15Q+Q²Total variable cost = AVC×Q TVC= 60Q-15Q²+Q³TVC at Q= 40TVC=…
Q: According to the climate graph, what is the range of temperature recorded in the city of Yakutsk?…
A:
Q: 6. After a tax increase, households often reduce spending and save more. This can result in: a. An…
A: In an economy, any change in tax rate will have a significant impact on the economic growth and…
Q: Should the Federal Reserve take the decision to “create its own digital currency,” which of the…
A: The measure that depicts all currency and the other instruments that are liquid in the economy of a…
Q: The federal government is considering closing down a substantial portion of the John Day Fossil Beds…
A: The information which has been provided to us is:- Revenue from sale = $3 million Annual saving =…
Q: Which of the following is FALSE related to the Bank Run game ? A. Player 1 has 4 strategies in the…
A: A Bank Run Game is defined as a game in Game theory where all depositors deposit $1000 at an…
Q: At Which stage of production is the best to economic growth?
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: President Bloen's Economic Adviser claims that American business are prospering based on the protit…
A: A profit function to be valid it should contain following properties - non-decreasing in output…
Q: discuss the situation during pandemic in Canada, and discuss how monetary policy was used to correct…
A: LM curve shows the direct relationship between the interest rate and output. The LM curve is upward…
Q: A firm has the following average variable cost equation. AVC = 60 – 15Q + Q2 And the average total…
A:
Q: If the simple Keynesian macroeconomic model is used to explain expansionary fiscal policy, which of…
A: The theory of Keynesian economics states that the government should raise demand to increase growth.…
Q: ost push inflation
A: answer is given below
16 17
answer only
Step by step
Solved in 3 steps
- Which among the following is not true?Select one:a. None of the answers are correctb. When marginal utility declines, a higher price is needed to induce the consumer tobuy more of a particular productc. When marginal utility declines, a lower price is needed to induce the consumer tobuy more of a particular productd. All the answers are correcte. Utility maximizing rule and the demand curve are logically consistentIf the price of a product decreases by 10 percent and the quantity demanded increases by 5 percent, then O the producer should lower the price further to sell more and further increase total revenue. the producer should raisc the price, but not as high as it was, to increase total revenue. O the produucer should raise the price higher than where it was to experience higher total revenue. O the producer should change the price back to where it was before the change.In the short-run production period with one variable input (labor), when the average product of labor (APL) is increasing the marginal product of labor (MPL) must be; O a. more than APL. O b. decreasing. O c. will be less than APL. O d. increasing.
- Course dashboard When a consumer moves down on the indifference curve, Lütfen birini seçin: O A. both the combination of goods and the consumer's income level will remain constant O B. None of the answers. O C. the combination of goods will vary, but the level of satisfaction will remain constant O D. his level of satisfaction varies with the bundles of goods O E. the combination of goods will remain constant although the level of satisfaction will varySubmit All Question 26 of 60 Suppose the price of mobile apps increases. As a result, Khalil decreases the number of mobile apps he purchases. This will lead to O higher marginal utility from the last mobile app purchased. O lower marginal utility. O no change in total utility for each mobile app purchased. O an increase in total utility for each mobile app purchased. Activate Windows Go to Setti To activa Show all 7:22 PM 12/9/2021 APTOP LOGIN USERNAME Student t PASSWORD: BrowardPrice per arginal Utility Fron Current Consumption Product Unit $ 10 20 20 30 The table shows the marginal utite derived trom curent consumpton leves of three new products. A B and C at are being sold in the maet at the prces isted The contumer can imniediately gan the most extra total utity by winching spending from Mnple Choce ANE
- Explain, Why is the marginal utility curve declining with incresed consumpition of burgers?As more of a good is consumed in a given period, its... total utility remains constant total utility decreases then increases O marginal utility decreases O marginal utility increasesASAP DECİSİON RULE FOR UTİLİTY MAXİMİZATİON As I understand we choose the good which has higher marginal utility per dollar . BUT MY QUESTİON İs that What if our budget is not end up and the marginal utility per dollar is same for both good What should we do at that point? PLEASE ANSWER MY QUESTİON DONT GİVE CLLASİC DEFİNİTİON
- Course dashboard Which of the following is TRUE? Lütfen birini seçin: O A. If bundles A and Blie on the budget constraint, we can say that the household has the same utility from consumption of the two bundles. O B. If price of one good increases without any other changes, the budget constraint will shift outward with the same slope. O C. Slope of an indifference curve is called as "Marginal Rate of Technical Substitution" O D. Points below a budget constraint are unattainable. O E. If the money income decreases without any other changes, the budget constraint will shift inward with the same slope.Consider the following chart. What is the marginal utility per the price for the fourth unit of Chicken Fajitas? The price of a Chicken Fajita is $10. Quantity of Chicken Fajitas (1) 0 2 3₂ 4 5 6 7 O a.) +14 utils per dollar O b.) 1.9 utils per dollar Oc.) +1.0 utils per dollar d.) +16 utils per dollar Total Utility (2) 0 25 48 67 81 89 90 83 Marginal Utility (3) 25 23 19 8 1 -7A 0. Number of cassette tapes per month Mark's budget constraint is AB. It would pivot to AC if the price of Select one: O a. CDs increased. O b. CDs decreased. O c. cassette tapes decreased. O d. cassette tapes increased. Number of CDs month per