There is equilibrium in the purely competitive market for oranges, and the optimal amount of oranges is being produced. Explain if and how the optimal amount of oranges will change if the following events occur: a) New fertilizers increase the yields of orange trees. b) Frost destroys part of the orange crop. c) Frost destroys part of the grapefruit crop. The resulting increase in the price of grapefruits raises the demand for oranges. d) People get tired of oranges.

Q: EP Qp and Qs are quantity demanded and supplied of perfume, res t is the equilibrium price and…

A: Whenever the worth of elasticity is more prominent than 1.0, it proposes that the demand for a long…

Q: what are the pitfalls of the organization NAFTA?

A: NAFTA is an acronym for North American free trade agreement signed by Canada, Mexico and U.S. which…

Q: The demand function for a particular product is given by the function D(x) = -) -x² + 2304. Find the…

A: Answer is given below

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…

Q: Requirements 1. Describe the production costs in the equation formY = f+ xX. 2. Assume Alta intends…

A: Given information Cost function Y=f+Vx Given data analyze cost for 350 units.

Q: Figure 34-3 (a) The Money Market (b) The Aggregate Demand Curve MS MD, MD. AD Y: Y, QUANTITY OF…

A: Aggregate demand slopes downward showing inverse relationship between price and quantity of output…

Q: A public good   Question 1 options:   is both rival and excludable.   is any good provided by…

A: Whether a good is a public good or not, depends on rivalry and excludability.

Q: What is average profit margin means?

A: Profit margin is calculated by dividing income by sales to determine how profitable a firm or…

Q: The following are market demand and supply equations for a perfume product: QD = 70 − 4P QS = 10 +…

A: The demand curve is a downward sloping curve which indicates the negative relationship between price…

Q: To increase a company's profit, a manager suggests that the company needs to increase the value of…

A: Answer: Profit per unit is the difference between the price of the product and the average cost of…

Q: QUESTION 3 Banks with more capital can withstand larger losses before becoming insolvent. True or…

A: Banks insolvency: When the liability of the banks is greater than its assets then this term is known…

Q: How can correctional budgets be decreased without compromising institutional safety and public…

A: Governments, businesses, and individuals all use budgets to estimate revenue and expenses for a…

Q: Suppose a single firm produces all of the output in a contestable market. Analysts determine that…

A: When a company maximizes its profit, it is said to be in equilibrium. It reaches this point when it…

Q: Suppose an assistant professor of economics is earning a salary of $75,000 per year. One day she…

A: "Economic profit takes into account both explicit and implicit costs and is obtained by deducting…

Q: (a) Why is education and training rarely provided by firms? What government policies would encourage…

A: Endogenous growth theory is referred to the economic theory that can argue that there is a…

Q: Average Fixed Average Average Total Total Product Cost Variable Cost Cost Marginal Cost 1 $ 150.00 $…

A: In purely competitive market, there are many firm selling identical goods. Firms do not have any…

Q: An aute generate $85,000 of savings for each of the next 6 years. At the end of the 6 years, the…

A: To compute the PW & the IRR we take following steps : # Compute Cash flow which requires…

Q: A perfectly competitive firm faces the short-run cost schedule shown in Table 1. Output 1 2 4 7…

A: Disclaimer:- as you posted multipart questions we are supposed to solve the first 3 questions only…

Q: Carld crypto have been the Best curency to use during the panoemic

A: Cryptographic currency is progressed currency, which is an elective kind of portion made using…

Q: Explain the role of the classical dichotomy in modern thinking about the neutrality of money. Make…

A: In macroeconomics, the classical dichotomy is that the plan, attributed to classical and…

Q: Xon, a small oil company, purchased a new petroleum drilling rig for $2,000,000. Xon will depreciate…

A: Answer; Working

Q: Nick received a $50,000 bank loan in order to expand and remodel his restaurant. Which of the…

A: Loan refers to the sum of money that a person or firm takes from a bank or from any lender for…

Q: Trade policy that protects domestic industry, such as export subsidies, will always decrease welfare…

A: A subsidy is defined as a benefit given by the government to businesses or institutions to increase…

Q: (1) If you can choose freely among the Beveridge, Bismarck, and American health care system, which…

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

Q: Indicate whether each of the following questions applies to Microeconomics or Macroeconomics Is the…

A: Micro economics deals with economic problems at the micro level. Individuals good, factor price ,…

Q: A car is financed as follows: $2,000 as down-payment plus equal monthly payments at 8% annual…

A: Introduction : Annual Worth (AW) Analysis is defined as the equivalent uniform annual worth of all…

Q: I. Imports are flows of payments to domestic households from foreign firms in exchange for goods and…

A: The Export is the flow of goods and services to other countries and import refers to flow of goods…

Q: Discuss why some countries may shield some sectors from international competition? Provide real-life…

A: Economies have various reasons to adopt protectionist measures life tariffs and quotas in order to…

Q: Which of the following is not an argument by those who oppose tax-law changes to encourage saving? O…

A: There are some individuals who are opposed to the view that tax-law changes are beneficial for…

Q: A manufacturing plant wishes to buy a new equipment so the purchasing department did some research…

A: Given that; A company is considering two types of equipment for its manufacturing plant.

Q: If planned aggregate expenditures (AE) are $500 billion, consumption (C) is $250 billion, investment…

A: AE = C + I + G + NX where NX = X-M where X is imports and M is imports

Q: If l increase by 200, equilibrium output would increase by If G increase by 200, equilibrium output…

A: The formula for equilibrium level of output: Y = C + I + G + NX Given, C = 250 + 0.4(Y - T) I = 200…

Q: (d)When calculating the welfare benefits of markets, the standard analysis only includes the parties…

A: Market refers to the place where the buyers or sellers exchange goods and services. It means the…

Q: S-MC S-MC D-MB D-MB Quatity Quanty 1 b) Perfect Comprotion Mouspoly nding the equilibrium point in a…

A: In perfect competition, eqm Q(quantity) is found by the intersection of MC(marginal cost) and…

Q: True or False: A risk-preferring person will always bet, no matter how much the odds are against…

A: Answer is given below

Q: How did Vietnam and the Watergate Scandal affect popular trust in the government? Discuss the…

A: Introduction : The Watergate scandal was a major political scandal in the United States involving…

Q: To improve effectiveness and efficiency, information system specialists in different companies…

A: An information Systems Specialist is liable for supporting and developing the information system of…

Q: An investor buys a land for Php 1 Million and constructs a three-door apartment for students worth…

A: Given,  Investor buys land for Php 1 Million to construct a three door apartment  worth 5 PhpAnnual…

Q: 3. Illustrate and explain what would happen to the consumer surplus, producer surplus and deadweight…

A: The graph due to subsidy looks like: Due to subside supply curve shifts from S to S1 and the Price…

Q: Use the following graph to answer the questions that follow. 325 Domestic 275 supply 225 Price of…

A: Quantity demanded of a good is represented by the demand curve which is downward sloping. The demand…

Q: Some of the following future cash flows have been expressed in then-current (future) dollars and…

A: Year Cash Flow Expressed as 0 17500 CV 3 45500 Then - Current 4 13500 Then - Current 7 27500…

Q: Which of the following is not an advantage of Foreign Banks?

A: Volatility measures the deviation of value from the mean. Higher the deviation, higher will be…

Q: QUESTION 13 13. This question comesponds with the demand and supply ourves below for good X Demand…

A: There is a tax of $10 on sellers which shifts the supply curve leftward.

Q: What is meant by limited and bundled choice when voting on a bill or candidate

A: Introduction Bundling is a term used to describe how candidates for elected office are selected.…

Q: 1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is real GDP? 2) If the…

A: Nominal GDP is the GDP which is calculated without taking into the effect of inflation rate.  Also…

Q: Consider the market for dresses. Suppose a decrease in tariffs allow manufacturers of dresses to…

A: Equilibrium in the market of goods occurs at the intersection of demand and supply curves

Q: One year ago, a machine was purchased at a cost of $2,000, to be used for 6 years. However, the…

A: * SOLUTION :-  (2) Given that ,  Old mechine:-  Cost =  2000 Life =6 annual cost = 500   New mechine…

Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $20.0 trillion, consumption (C) equal to…

A: We have given components of GDP of an closed economy.

Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $20.0 trillion, consumption (C) equal to…

A: "Private savings in economics is represented as savings by the private sector (households and…

Q: What are some of the difficulties and issues that consumers have while using a system that is not…

A: Being able to provide excellent customer service is a competitive advantage. The bottom line is that…