Q: Suppose that under free trade a final good F has a price of $1,000 and that the prices of two…
A: Price of Good F = $1000 Given, Price of Input A = $300 Price of Input B = $500 Tariff on…
Q: Hero borrowed P 200,000.00 with interest at the rate of 5% compounded semi-annually. He agrees to…
A: Given that, Borrowed amount = 200,000 Rate of interest = 5% (Compounded Semi-Annually) Semi-Annual…
Q: This question refers to the following graph below. Infant Deaths per 1,000 Live Births Germany South…
A: Infant mortality rate is the death of infant children per thousand .Children under the age of one…
Q: 8. There are two products - A and B - that are sold by two separate subsidiaries of the A-B Corp.…
A: Given, Demand for Product A: QA=30-0.5PA Demand for Product B: QB=50-0.5PB-0.5PA Marginal Cost = $4
Q: Tariffs redistribute income from consumers to domestic producers. True
A: Tariffs are meant to save domestic industries by increasing prices on their competitors' products.…
Q: Stuff, Incorporated is a firm with a total revenue of $1,000, marginal cost of $5, and average…
A: Given, Total Revenue = $1,000 Marginal Cost = $5 Average Variable Cost = $4
Q: Bill runs a business that makes custom-printed towels. It will cost him $8 each to purchase and…
A:
Q: For the following three questions, assume that leisure is a normal good. a A worker has a wage of…
A: Backward bending labor supply curve is defined as the labor curve that reflects a situation that…
Q: Draw YOUR indifference curve for the consumption of two goods (you pick the goods – be creative!)…
A: A consumer is a rational person who wants to gain the maximum satisfaction level from paying the…
Q: Question-01: The following table shows the average retail price of butter and the Consumer Price…
A: The new price level obtained is the true price when the retail price of commodities is adjusted to…
Q: An interest rate of 2% per quarter, compounded continuously, is closest to an effective semiannual…
A: Effective interest rate formula when nominal interest rate is compounded continuously: i=erl-1 Here…
Q: Let Y represent the amount an individual spends on a trip. The individual's utility is a function of…
A: Insurance refers to an agreement in which the company offers a guarantee against the loss/damage…
Q: You just spent $40 on a new movie for your collection. You would have preferred the director's cut…
A: Opportunity Cost is the cost of the next best alternative that is being sacrificed in order to…
Q: What is the Optimum level of the output for the firm? How do you know? Explain your answer. What is…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: What are the activities of economic activities
A: The study of an economy's production and consumption processes falls within the social science…
Q: Q2. Consider the simple Keynesian model of income Determination Ct = Bo + B₁Yt + Me 0<B₁<1 Y₁ = C₁ +…
A: First of all, we have to know the term simultaneous equation model. Simultaneous equation model is a…
Q: 1. The charged is determined by the market quilibrium. For a perfectly competitive firm, it is…
A: Note: You have uploaded multiple questions at the same time. Hence, we shall upload only the first…
Q: An entrepreneur needs thousand of dollars to launch the global expansion of his software business. I…
A: Given, Interest Rate = 8% (i), compounded quarterly (n=4). Annual Payments starts at Year 4,…
Q: Can you please show an example that will illustrate understanding of economic concepts through…
A: The phrase "economic principle" refers to a wide variety of economic theories and principles that…
Q: A fast-food restaurant faces two types of consumers and is deciding on a bundling strategy. The…
A: If a producer produces more products then he may want to sell in it bundles as well. Pure bundling…
Q: Calculate the variance of the outcome of rolling a fair 8-sided dice.
A: Variance refers to the statistical measurement used to calculate how far each number is from the…
Q: You are a division manager at Honda. If your data analytics department estimates that the semiannual…
A: Answer to the question is as follows:
Q: A company produces two products. FC = Total Fixed costs = $580 VC₁= variable costs from product 1 =…
A: The firm should produce where the firm is able to cover it's variable cost of production.
Q: 1. Google provides Gmail users with 15GB of "free" storage. Is it really free? If not, what are the…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What are the answers to parts d-f of this problem?
A:
Q: You are the owner of a small coffee shop in the Lake District. In the kitchen your capital stock…
A: The goods market generally includes two main factors of production, labor (L) and capital (K). The…
Q: 2) Ernesto is looking to purchase a new vehicle as his income has increased from $2,000 per month to…
A: Income elasticity of demand is defined as the percentage change in the quantity demanded for a good…
Q: Stores commonly offer a cheaper unit price for large quantity purchases. Quantity 1 2 5 10 20 Unit…
A: Slope of the demand curve is when their price increase from P1 to P2 and the resulting change in…
Q: For th below two machines and based on AW analysis which machine we should select? MARR=10% Machine…
A: Machine A Machine B First Cost 26,612 140,454 Annual Cost 12,417 7,170 Salvage Value 4,135 -…
Q: Solve and compare the amounts accumulated by the following simple and compound interest rat P =…
A: Accumulated value, also implied as accumulated amount or cash value, is computed as the sum or total…
Q: Question-03: Consider a competitive market for which the quantities demanded and supplied (per year)…
A: Price elasticity measures how responsively a good's supply and demand are to changes in price. It is…
Q: Use the information in the following table to answer the questions below. Assume you are dealing…
A: Aggregate expenditure is a sum of consumption, planned investment, government purchases and net…
Q: a.What will be happened if the element of Diamond theory didn't interact each other?
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: For the cost and price functions below, find a) the number, q, of units that produces maximum…
A: The cost Equation is given as C(q) = 90 + 12q The demand equation is given as P = 64-2q
Q: At what interest rate payable quarterly will payment of Php500.00 at the beginning of each 4 months…
A: The present value of the annuity is the current worth of a cash flow series at a certain rate of…
Q: Suppose Mattel, the producer of Barbie dolls and accessories (sold separately), has two types of…
A: Suppose Mattel , the producer of Barble dolls and accessories , has two types of customers who…
Q: Q2. Suppose a consumer seeks to maximize the utility function U (x, y) = (x + 2) (y + 1), where and…
A: U(x,y) = (x+2)(y+1) Budget Constraint = Px*x + Py*y = I
Q: Constant returns to scale indicates a case where a change in all inputs leads to a proportional…
A: Economies of scale or increasing returns to scale is when the increase in output is more than the…
Q: 15. Consider an economy where per capita GDP grows at 4% a year. Population grows by 2% a year. The…
A: MS(money supply) is the overall money that is floating in an economy at a period of time. That is,…
Q: A contractor has purchased a wheel loader for $115,000 and plans to use it for 2,000 hours per day.…
A: The time value of money (TVM) means that an amount of money will be higher now compared to the same…
Q: Firm X is producing 1000 units, selling them at $15 each. Variable costs are $3 per unit and the…
A: Fixed cost is independent of output produced whereas variable cost varies with the level of…
Q: How will the following scenarios impact the market for labor 1. A technological change occurs that…
A: In the market for labor the demand for labor and the supply for labor determines the equilibrium…
Q: QUESTION 43 Once trade begins, a possible terms-of-trade for textiles in terms of grapes is B- (A:…
A: Terms of trade is the amount of import goods an economy can purchase per unit of export goods.
Q: How can analysis of national competitiveness explain the competitive advantage an SME firm is…
A: Small and the mid sized enterprises or SMEs are referred to the businesses which can maintain…
Q: A marginal cost curve mersects average total cost at po. This curve also intersects average total…
A: Marginal cost The change in overall cost whenever the quantity produced increases by one unit is…
Q: An end-of-aisle price promotion changes the price elasticity of a good from −3 to −4. Suppose the…
A: Lerner index: (P-MC) / P = -1 / Ed Where P is profit maximizing price MC is marginal cost Ed is…
Q: Suppose 10 people each have the demand Q=20-4P for streetlights and 5 people have the demand Q=…
A: In economics, the marginal cost is the change in the total cost that arises when the quantity…
Q: 6. Refer to Figure 14-1. When market price is P3, a profit-maximizing firm's profit a. can be…
A: A competitive market refers to the forms in response to consumers' demands for goods and services.…
Q: If the t-statistic for a variable is -1.74, is the variable statistically significant? No O Yes
A: Comparing the means of two groups is done statistically using a t-test. It is frequently used in…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Calculate from the followig data (a) Private income (b) Personal disposable (vi) Net current transfer from rest of the world (iv) Current transfers from government administrative (v) Income from property and entrepreneurship income (c) Net national disposable income Items (7 in crores) (i) National income (ii) Savings of Private corporate sector (i) Corporation tax 3000 30 80 60 departments accruing to govt. administrative departments 150 50 (vii) Savings of non departmental enterprises (viii) Net indirect taxes (ix) Direct taxes paid by households (x) Net factor income from abroad (xi) National debt interest 40 250 100 (-)10 80What is the importance in macroeconomics of measuring per capita GDP? Provide examples and explain your answer. Requirements: Each response must be 250 to 300 words. When using reference material, you must properly cite the sources using in-text citations with the APA style. You must also include a reference list.The link between gross domestic product (GDP) and national income (NI) isSelect one from the following options. A)indirect business taxes, net foreign factor income, savings B)indirect business taxes, profit, investment C)indirect business taxes, net foreign factor income, consumption of fixed capital D)indirect business taxes, net foreign factor income, investment
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.Based on the following table Private consumption expenditure (C) Gross private investment Expenditure (1) Government Expenditure (G) Exports (X) Imports (M) Net factor income from the rest of the world 5 Depreciation 150 Indirect Taxes 60 Subsidies 40 Transfer payments to households 10 35 Personal Income Taxes 30 Undistributed dividends 20 25 15. a) Find Net National ProductThe Prime Minister of your country has requested your assistance to analyze your country’s GDP for the past 5 years. He expects you to provide: i. A trend analysis and thoroughly explaining the primary reasons for growth or decline in GDP. ii. Three (3) recommendations on what can be done within your country to improve GDP. Provide examples and reference data. COUNTRY TO USE IS JAMAICA
- Question 4Select the information you need from the following figures and calculate the nationalincome for the year shown:Government Spending R18 000Depreciation R6 000Investment spending R35 000Net foreign spending R12 000Indirect taxes R14 500Net factor payments (R4 000)Consumer spending R30 000Subsidies R4 000Using the data in the table below, calculate Aggregate Expenditure (AE), Savings (S), and increasing inventories Change (UI). Please ensure you show and input the negative sign where necessary for your answers on savings and undesired inventory changes. Aggregate Expenditure (AE) Number Number Number Income (Y) 550 640 730 Consumption (C) 577.5 636 694.5 Investment (1) 135 135 135 Savings (S) Number Number Number Inventory Disequilibrium Number Number NumberUse the table below: Government spending Social Security 20 Contributions Corporate taxes 5 Personal 8 income taxes Rent Wages 50 Gross Private Domestic Investment 54 Consumption 250 expenditures 40 Profit Indirect business taxes Imports Exports 28 transfer payments 10 5 3 Interest 5 Depreciation 10 Government 8
- Complete the table. Real GDP Consumption (C) $6,200 6,850 7,500 8,150 8,800 (Y) $8,000 9,000 10,000 11,000 12,000 Planned Investment (1) $1,500 1,500 1,500 1,500 1,500 Gov't Net Purchases Exports (G) (NX) $1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 Planned Aggregate Expenditure Inventories $ $ 9,350 10,650 11,300 Unplanned Change inPerfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table. Year 2015 2016 2017 2018 2019 2020 Total Total Basic Nonbasic Population Employment Employment Employment 50,000 53,000 57,000 65,000 70,000 ? 25,000 26,500 28,500 32,500 35,000 ? 6,250 6,625 7,125 8,125 8,750 9,000* 18,750 19,875 21,375 24,375 26,250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio of population to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year 2020Navigate and make notes on the following National income Subtopics: Reasons for studying national income, different interpretations, measurement, determinants of national income, consumption, saving and investments, modelling the economy and the government sector. You may use local examples to bring out your points. Your document should take the term paper format
