Q: The ongoing COVID-19 pandemic has disrupted both the education and health system in most, if not all...

A: The continuing COVID-19 pandemic has caused chaos on the world's education and health systems in mos...

Q: An example of physical capital is a) an educated worker. O b) fertile farmland. Oc) international tr...

A: Physical capital  is the stock of equipment and structures that are used to produce goods and servic...

Q: Consider the daily market for hot dogs in a small city. Suppose that this market is in long-run comp...

A: In competitive market equilibrium occurs at the intersection of demand and supply curves.

Q: Using the information from Problem 1 about the economy of Fruitopia, compute chain-weighted real GDP...

A: The quantity and prices of goods produced in the firm are given. We have to calculate the chain-weig...

Q: Suppose that the market for gasoline is a perfectly competitive market. All gas station owners face ...

A: A perfectly competitive firm is a price taker as there are large number of firms selling identical g...

Q: The largest inflationary gap appeared a) in the 1950s, during the great U.S. hyperinflation period. ...

A: Inflationary gap is the gap between the actual aggregate demand and exist aggregate demand.

Q: Suppose Sarah's pottery studio is currently charging the market price that is just higher than her m...

A: The firm maximizes profit by producing at a level where marginal revenue equals marginal cost.

Q: Countries with higher physical or human capital per worker also tend to have higher production effic...

A: Production efficiency is an economic phrase that refers to the point at which an economy or organiza...

Q: respond to changes in another? Why would a profit-maximizing firm expand the use of each input unti...

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

Q: 8. The Ajax Manufacturing Company is selling in a purely competitive market. Its output is 100 units...

A: An ideal market system is referred to as perfect competition. There are no monopolies in a free mark...

Q: 15. With the economy in a recession due to inadequate demand, the government increases its purchase ...

A: Aggregate demand is a sum of consumption spending, investment spending, government purchases and net...

Q: Question 4 Suppose that the market for gasoline is a perfectly competitive market. All gas station o...

A: In perfectly competitive market, price is constant so it is horizontal and equal to Marginal revenue...

Q: 5. Candace was eating French fries and talking on the phone as she sped through traffic on the way t...

A: Here, the given situation explains the careless behavior of Candance at the road due to which she sl...

Q: Jim's retirement account in a company currently totals $416,384. What perpetual income can Tom and h...

A: Given that the present totals in Jim's retirement account P= $416,384 Rate of interest r=5% we have ...

Q: 7

A: We know that The government tries to control the negative effect of pollution on the environment. Th...

Q: Profit = 2203.4*Demand -705030   Profit(1000)

A: Answer: Given, Profit function: Profit=2203.4×Demand-705030 To find the profit at Demand=1000 let us...

Q: . For the cost function C(Q)= 100+2Q+3Q2 the average fixed cost can be represented by the following ...

A: Average Fixed Cost = Total Fixed Cost/Output Total fixed cost = 100 AFC = 100/Q

Q: Sunglasses manufacturer Oakley, Inc. produces high-end and low-end versions of their performance sun...

A: The market refers to the place where the buyers or sellers come together to do the transaction in th...

Q: The inverse demand for tea is given by P = 12 – 0.03Q, where Pis the price per a gram of tea and Qis...

A:

Q: The island of Hispaniola, located in the Caribbean, is divided roughly in half by the two countries ...

A: Per capita GDP refers to the total output of a country divided by its population. It is the value of...

Q: A firm has a production function of Q = KL + L, where MPL = K + 1 and MPK = L. The wage rate (W) is ...

A: A production function shows the relationship between the factors of production and the quantity prod...

Q: The inverse demand for tea is given by P= 12 - 0.03Q, where P is the price per a gram of tea and Qis...

A: Equilibrium price is achieved when marginal cost is equal to marginal revenue for firms . This condi...

Q: Taking the data of the following table answer 4 through 5. Indicators of Puerto Rico, 2009 (Income i...

A: The Gross products mean the total market valu of goods which was produced domestically during the ye...

Q: A contractor must choose between buying or renting a crane for the duration of a 5 year construction...

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Q: Suppose market demand for oil is Q(P) = 100 – 0. 75P where Q is billions of barrels (BBL)or oil per ...

A: The market demand refers to the demand of different quantities are demanded at different price level...

Q: The twentieth century saw unprecedented growth in and O a) Western Europe; India O b) Western Europe...

A: 32) In the second half of the nineteenth century, the industrial revolution was experienced in many ...

Q: The economy of Morin is shown in the figure below. The Economy of Morin AD AS 170- 150- 130- 110- 90...

A: a. Potential GDP is denoted by the Long-run Average Cost. It is given that potential GDP (Y*) is $58...

Q: e graph below illustrates a series of short-run average cost curves, numbered AC1 through AC5, which...

A: Economies of scale occurs when long run average cost falls as more output is produced. Long run aver...

Q: Difference between Inter-regional and International Trade? 200 to 300 words paragraph

A: Answer: Nonetheless, there are several reasons to believe that international and interregional comme...

Q: Name and explain on the example of your interest one factor that caused the shift of the supply for ...

A: Introduction Supply curve in loanable market shows the behavior of savers. When interest rate are hi...

Q: 2a. In a CBA formula, data for willingness to pay for environmental resources are collected by which...

A: Willingness to pay:- The highest price upto which a buyer would purchase single quantity of a commod...

Q: Financial capital includes Q A. money, stocks, and bonds, which are capital because they provide bus...

A: Answer: Financial capital refers to the money, stock, bonds, and other sources of funding that provi...

Q: if y=10k0.5 and current k is 100, depreciation is 10%, population growth is 2%, then for income per ...

A: Depreciation rate (d) = 10% Population growth rate (n) = 2% Let's assume saving rate is 's' --------...

Q: 70 Supply 60 50 40 30 20 10 Demand 1000 2000 3000 4000 5000 6000 7000 8000 Quantity (number of hours...

A: We know that In free market equilibrium, the economic surplus is equal to consumer plus producer sur...

Q: Which of the following statements about the economy's aggregate demand curve is not correct?  Questi...

A: Aggregate demand shows the relationship between price level and real GDP. It is downward sloping.

Q: Assume that you are a manager for Haworth —one of the major manufacturers of office furniture. You r...

A: Capital=9 Q=2K0.5L0.5

Q: In a perfectly competitive market you can expect the following changes to occur in long run if firms...

A: The structure of a market where there are a large number of sellers selling homogenous products and ...

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Q: No plagrisum and correct answer please. Please do all four parts..Thank You advance Consider two com...

A: Introduction Two country Bangladesh and South Korea produce two commodities smartphone and travel ba...

Q: Explain how monopolies employ average cost pricing

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Q: Analyse the link between finance and economic growth.

A: Economic Growth Economic growth basically refers to an increase in the value of a country's goods an...

Q: An example of a short-run fixed factor of production is..... a. postage for mailing. b. electricity....

A: short-run fixed factor of production is a factor of production that cannot be change in the short ru...

Q: Barron Chemical uses a thermoplastic polymer to enhance the appearance of certain RV panels. The ini...

A: Over a given period, an investment's return on investment (RoR) is calculated as a percentage of the...

Q: 4. Compare the accumulated values at the end of 5 years if P100,000 is invested at the rate of 12% p...

A: Interest rate is income earned on the amount invested for certain period compounded. In this case ea...

Q: 9.2 Find the real amounts (with today as the base year) corresponding to the current amounts shown b...

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts fo...

Q: firm’s product b. Determine the profit-maximizing level of production and price. Quantity: ? Pric...

A: As subparts are more than 3, First 3 subparts are answered. 

Q: When the inflation rate is expected to exceed the target rate by a significant margin, the SARB will...

A: Inflation is typically defined as a broad measure, such as the overall increase in prices or the cos...

Q: 6. Given the savings function S = (3Y2 +2Y)/ ( Y-1)   a) Write the consumption function.   b) Fi...

A: Answer: Given, Saving function: S=3Y2+2YY-1 (a).  Income (Y) = Saving (S) + Consumption (C) Hence, C...

Q: Halliford Corporation expects to have earnings this coming year of $3.325 per share. Halliford plans...

A: Answer-

Q: A credit card company charges an interest rate of 1.375% per month on the unpaid balance of all acco...

A: Interest rate on credit card = 1.375% Annual interest rate = 16.5% We need to calculate the effectiv...