Q: 7. Suppose you have can invest in a project in Country A or Country B. The CPI in both countries is…
A: Given information Country A CPI in 2022=105 Country B CPI in 2022=110 In 2021 CPI=100 in both the…
Q: Price per arginal Utility Fro Cuerent Consumption Product Unit $ 10 20 20 30 The table shows the…
A: Answer; Option (C) . B to A is correct
Q: 3. Suppose that the wage rate is $16 per hour and the price of the product is $ 2.0. Values for…
A: Answer; Labor is demanded where Value of Marginal product of labor is equal to wage rate.…
Q: Which of the following could potentially cause a recession? O AD increases, and wages are sticky. AD…
A: Recession is a period when real GDP is decreasing.
Q: Kyle is a grade 5 student currently taking his modular class at home since the pandemic happened in…
A: Between 5th and high school its 7 years Amount saved = 500Php twice a month Interest rate (i) =…
Q: Q2 Table 2 shows cash flow information of business account with rate of return 8% per year.…
A:
Q: Refer to the information provided in Table 16.1 below to answer the question(s) that follow. Refer…
A: Here, the given table shows the combination of labor and capital used to generate output at…
Q: Need correct answer. what are the basic tenets of Saudi Arabia's foreign policy ?
A: Introduction Foreign policy decisions in Saudi Arabia are made in secret by a small group with no…
Q: Assuming that the inflation rate frum 2015 through 2017 is 6% per year, whai would be a $50,000…
A: Here we calculate the real values in all three years , real value means inflation adjusted nominal…
Q: True or false (explain why): To minimize the burden of taxation, it is better to levy large taxes on…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Observe the classical version of the IS-LM model with all misperceptions. What is the main…
A: IS curve shows the inverse relationship between interest rate and output. It means the rise in the…
Q: Question 1 a. Draw a production possibilities curve for a hypothetical economy producing capital…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: An agreement is reached by OPEC to reduce the supply of oil on world market for oil. Use demand and…
A: Demand and supply determines the equilibrium price and quantity for the good.
Q: Define first, second, and third degree price discrimination and give one example for each. Which of…
A: Price discrimination basically refers to a marketing strategy in which a firm/company charges…
Q: Your income in 2004 was $67,000 and your income in 2020 was $95,000. The price index in 2004 was…
A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…
Q: According to the Intern al Pevenue Service, the mean tax refund for the year 2014 was $2800 Assu me…
A: Answer;
Q: The economy is in a recession. The government enacts a policy to increase spending by $10 billion.…
A: Given: The government increases the spending by = $10 billion The MPS = 0.1 The aggregate supply…
Q: 7) Assume that a S1.00 increase in exports increases GDP by $3.00, and a $1.00 increase in income…
A: Given, A $1 increase in exports increases the GDP by $3, A $1 increase in income increases the…
Q: QUESTION 11 Assuming that all the original predictions are correct ($75,000 revenue/year, Salvage…
A: Given that; A new machine is to be purchased for $200,000. It is believed that it will generate…
Q: 2. If a consumer faces two goods x and y, and her utility function is given by U(x, y) = (x - x,)5(y…
A: Answer I attached below
Q: Can regional differences in unemployment rates and poverty rates exist in spatial equilibrium?
A: Spatial equilibrium refers to the general economic equilibrium because it is the equilibrium in the…
Q: Which one of these tasks is a role that the Fed has? Select one: O a. Giving tax credits (reducing…
A: The Federal Reserve, the United States' central bank, attempts to minimise unemployment while…
Q: Define the following three major parts of a Bio-economic curve in terms of the Total Cost and Total…
A: otal cost is the sum of: TC (total cost) = TFC (total fixed cost) + TVC (total variable cost)
Q: Define equilibrium price and equilibrium quantity
A: When the supply of goods equals the demand, a market is said to have reached equilibrium price.A…
Q: Nominal gross domestic product (GDP) increased from $15 trillion to $17 trillion, and the price…
A: Given: The nominal GDP increases from = $15 trillion to $17 trillion The price level increases from…
Q: Assume that the typical menthol-cigarette smoker has a mean, disposable weekly income of $700 per…
A: We have two goods A and C for the given consumer with cobb Douglas utility function.
Q: Walmart is raising starting salaries for its truck drivers to between $95,000 and $110,000 a year,…
A: Market demand for a commodity can change as a result of a change in consumers income, their tastes…
Q: Determine if each example represents a barrier to entry or not. a. Pfizer is the only firm that is…
A: In a market, barriers to entry refers to the situation when new firm faces difficulties to enter or…
Q: 1. Why is the interest rate irrelevant in the one-period general equilibrium model? What is the…
A: One-period general equilibrium One-period general equilibrium explains the behavior of demand,…
Q: Moneytopia consists of an economy that only has two companies. Farm Corp is a business that grows…
A: Given information
Q: wo firms in an oligopolistic market produce homogeneous products and compete on price choice they…
A: Q = 280 - p And the inverse demand function will be equal to, p = 280 - Q And Q here is equal to q1…
Q: ATC 2. 1. 3D 30 40 50 60 70 80 10 20 If this firm is Qantity Refer to the following Exhibit…
A: In perfect competition there are large number of firms selling identical goods
Q: Whatdoes the term “de-develop” mean? Is it a positive or a negative idea? Explain your idea
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Consider an increase in a country’s technology such that the relative supply of domestic products…
A: Here, it is given that a country is experiencing an improvement in the technology, which further…
Q: You are the manager of the local movie theatre in a small town. Running a movie has a fixed cost of…
A: Profit refers to the revenue that firms or sellers earn over and above the total costs that they…
Q: Who benefits from FDI?
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: If the economy above was at point D, a good thing to do would be to increase government spending.…
A: Increasing government spending or reducing government spending to energize a sluggish economy,…
Q: Question 4 a. Describe five (5) factors that influence the market demand for a product such as…
A: The quantity of a good that consumers are willing and able to buy at a specific price and for a…
Q: The town of Musicville has two residents: Bach and Mozart. The town currently funds its free outdoor…
A: Utility function can be defined as the measure for a group of goods and services preferred by…
Q: Explain how an asymmetric economic shock within the Eurozone poses a challenge for an effective…
A: According to most studies, only a small percentage of the shocks that EU countries have actually…
Q: estion 18 Suppose the market price is $5, marginal cost is $4, and average total cost is $2. The…
A: A perfectly competitive firm is one of many firms in the industry producing identical goods.
Q: Evaluate the impact of TRAIN Law in the Philippine Economic Development using the…
A: A SWOT analysis basically refers to a strategy that is used for evaluating these four areas of your…
Q: Suppose the market demand and supply equations for Face masks are given by: Market Demand: P = 400 –…
A: Answer; a. Market demand : P=400-4Q and market supply : P=4Q Then, for equilibrium ,…
Q: computer producers. Hence, they decide to impose a 30% tariff (a tax on imports) on imported…
A: Disclaimer: “Since you have asked multiple questions, we will solve the first two subparts question…
Q: Consider a monopolistic market with a demand function Qª = 1000 – P, or equivalently P = 1000 – Qª.…
A:
Q: QUESTION 21 (Table: GoGo Gas and Fanny's Fantastic Fuel) Use Table: GoGo Gas and Fanny's Fantastic…
A: We have 2×2 game for two firms and they are deciding the action simultaneous.
Q: 3. If money is so versatile and can buy anything, why don't people demand all the money they can get…
A: Opportunity cost of holding money:- The rate of interest foregone on investment instruments, that…
Q: A manufacturer has $600 to spend on the production of a certain product and knows that if "x" units…
A: Lagrangian for output maximization is a process or method to optimize our output of the production…
Q: Write down the econometric model where the VOTE is dependent variable, MARGIN, D, and MARGIN*D are…
A: In econometrics, econometric models are statistical models. An econometric model describes the…
Q: 2. Pretend that today is your birthday and you decide to start saving for your retirement. You will…
A: Require = $4000 per month time = 20 years Increasing $100 per month 7% interest compounded daily…
if the production of cars produces damaging pollution, we would expect the unregulated market to?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- What happens in the market for a good that pollutes the air when it is manufactured if government decides to tax consumers when the product is purchased? Will this reduce the amount of air pollution?Define pollution charge and will our economy be able to control pollution? Share your thoughts in a paragraph.Why do firms pollute?
- What happens in the market for a good that pollutes the air when it is manufactured if government decides to tax its production? Will this reduce the amount of air pollution?What are the costs of pollution according to the Lancet Commission on pollution and health? Why are those numbers likely to be an underestimate? Explain.What are externalities?
- Define externality and it's importance.A local drama company proposes a new neighbourhood theatre in Vancouver. Before approving thebuilding permit, the city planner completes a study of the theatre’s impact on the surroundingcommunity.a. One finding of the study is that theatres play very loud music, which adversely affects thecommunity. The city planner estimates that the cost to the community from the extra traffic is$7 per ticket. What kind of an externality is this? Why?b. Graph the market for theatre tickets, labelling the demand curve, the social-value curve, thesupply curve, the social-cost curve, the market equilibrium level of output, and the efficient levelof output. Also show the per-unit amount of the externality. c. On further review, the city planner uncovers a second externality. Rehearsals for the plays tendto run until late at night, with actors, stagehands, and other theatre members coming and goingat various hours. The planner has found that the increased foot traffic improves the safety of…The table below shows the demand for pollution permits to emit hydrocarbons in a particular industrial park. Each permit allows the owner to release one tonne of pollutants into the atmosphere. Price perPollution Permit Quantity of Permits $4,500 75 4,000 150 3,500 225 3,000 300 2,500 375 2,000 450 1,500 525 a. If no fee for a pollution permit were charged, how many tonnes of pollutants would be discharged into the atmosphere, assuming a straight-line demand curve? Quantity: tonnesb. Suppose government were to set a fee of $3,500 per pollution permit. How many tonnes of pollutants would now be dumped? What is the total revenue received by government? Quantity: tonnes Total revenue: $ c. Suppose that a new technology allows for a significant reduction in hydrocarbons at a relatively low cost so that the demand for pollution permits in the industrial park drops by 150 tonnes. Assuming that government holds the permit fee at $3,500, how many tonnes of…