What about the other part of the question that talks about the elasticity of substitution and the returns to scale

Q: 6.  Myrvin made a 12-percentage-point investment of PHP10,000.00. According to the 72-year rule, it...

A: The rule of 72 means says that any sum of money will take (72/Interest Rate) years to double.

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A: Disposable income depends on taxes and charges in taxes affect disposable income which then affects ...

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A: Deflation is when there is below 0% decrease in the inflation rate.  

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A: Net investment is the difference between total amount of money spend on capital and the depreciation...

Q: Consider public policy aimed at alcohol consumption.   a) Studies indicate that the price elastici...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: What is the time when the price discrimination is profitable?

A: Answer: It's possible that a monopolist will be able to discriminate. Let's see if bias pays off in ...

Q: A2-2. Suppose the consolidated balance sheet (T-account) of the banking system for an economy with a...

A: The question states that the regulator has reduced the reserve ratio to 8%, which means now the bank...

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A: For the following game : Number of players - Ann & Bill Strategy set of Ann = Strategy  set of B...

Q: "Costs do not affect the market price" is this statement right or wrong? Show your work

A: Answer: According to a prior research of price determination in the market age, production expenses ...

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: A price floor isfitis set the manke pice O binding above O inding below 0 eficient; above O eficient...

A: Price floor is the minimum price that must be paid to sellers. Price cannot fall below this level.

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A: The additional amount of sanitation are the amount that we are getting after spending our money whic...

Q: A technological advancement will cause O a) the production function to shift downward. O b) the prod...

A: Production function creates a relationship between input and output of goods.    

Q: If there is a decrease in the marginal costs (MC), then the monopolist will, in the short run. incre...

A: A monopolist is a single firm in the market producing unique good with no substitutes.

Q: Suppose the government runs a budget surplus. Compared to a balanced budget, the real interest rate ...

A: Since you have posted multiple questions, we will solve the first question for you. If you want any ...

Q: The demand equation for a particular candy bar is px + x + 20p = 3000 where 1000x candy bars are d...

A:

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: 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: Given cost and price (demand) functions C(q) = 100q + 41,000 and p(q) = - 2q + 890, what price maxim...

A: Marginal revenue is the additional revenue earned after an additional unit is sold. 

Q: Suppose Julia currently consumes positive amounts of cheesecake and coffee and her marginal rate of ...

A: We know at the optimal MRS = Price Ratio

Q: Consider the following setup for a perfectly competitive market: Suppose that for the firm, TC=625+Q...

A: Under perfect competition, a firm's decision to enter or leave the market depends upon profit is dri...

Q: All of the following rules are effective in reducing the budget deficit except O A. spending caps. B...

A: Politicians frequently set goals to erase fiscal deficits by a specific year. There is a huge politi...

Q: If the demand and supply curves of two commodities A and B are given below find the equilibrium pric...

A:

Q: Calculate the GDP using the Expenditure Approach Item Value Consumption Compensation of labor (salar...

A:   Meaning of Gross Domestic Product (GDP): The term gross domestic product refers to the situation u...

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: Make the 5 examples of Modus Ponens infrence with the help of vendiagram.???? Provide the eight exam...

A: The Venn diagram was invented by the English logician and philosopher John Venn (1834–1923) as a gra...

Q: Interest represents a) a cost to lenders and a reward to borrowers. b) the optimal rate of investmen...

A: Answer: Interest: Interest is the amount that is paid to savers of funds and the cost for the borrow...

Q: Compute the future value of $536 invested every year if the appropriate rate is 11.2% and you invest...

A: Future value is defined as the value of a given investment after a specified time period at a certai...

Q: The market (inverse) demand function for a homogeneous good is P(Q) = 10 – Q. There are two firms: f...

A: Total cost is the expenditure of converting raw material into finished goods. It means the expenditu...

Q: 1. To set up wastewater plants and connect the trailer and low-income households to the nation's sew...

A: Cost-benefit estimation is a long-deployed economic strategy that endeavours to provide a synopsis o...

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: 3. Among the exogenous variable, which will make your IS curve shift to left? 1.2 0.8 0.6 0.4 0.2 40...

A: IS curve  shows goods market equilibrium and LM curve shows money market equilibrium . IS LM curve s...

Q: VARIABLE COSTS OF PRODUCTION UNDER THEORY OF COMPARATIVE COSTS, COMMENT ON THE GRAHAM'S VIEW?

A: Answer: Graham refutes the generally held belief that specialisation will increase trade countries' ...

Q: P2. Suppose that in Japan, without a tariff 10,000 cars will be sold per year at an equilibrium pric...

A: Tariff is a tax imposed by government by one country on the goods and services and imported from ano...

Q: Plant Design is a major requirement for you to be able to graduate BS ChE in Batangas State Universi...

A: Introduction Initial cost or investment of the project = Labor cost + preventive maintenance cost + ...

Q: A monopolist with a marginal cost MC = 2 faces two types of customer groups. Type 1 has it inverse d...

A:

Q: Joe is a college football player considering whether to attend another year of college or to enter t...

A: Marginal analysis is used as a decision-making tool for the maximization of potential benefits. It i...

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: The endogeneity problem when estimating the effects of immigration on domestic wages is best describ...

A: The answer is - B    The possibility that the specification of the wage equation neglects a relevant...

Q: Explain the tools of Monetary Policy. With a table and example

A: Monetary policy is defined as the policy of the central bank of the country to influence the reserve...

Q: what mechanisms should be used to ensure the integrity of traders in the trading function

A: Trading Mechanism The logistics of trading assets are referred to as trading mechanisms.Intangible a...

Q: 1. Would you consider spending to make a school or an office building earthquake-proof a good invest...

A: 1 In order to create the earthquake resistant in the building and the schools is to build an undergr...

Q: what is the price elasticity of demand when the price falls from five dollars to four?  Price Quan...

A: When price falls from $5 to $4, the quantity demanded increases from 20 to 25 units.   Price Quan...

Q: Julia and Julia is a small, owner-operated bakery. The owner of Julia & Julia is considering two alt...

A: Given: Owner's utility function:U(Z)=Z   

Q: 1. Consider an economy with the following characteristics: Autonomous part of consumption expenditur...

A: Aggregate expenditure is the sum of consumption, investment, government spending and net exports.

Q: An economic policy of exporting raw materials and importing manufactured goods a. develops the econ...

A: Ab economy can make imports or exports of any commodity based on its requirements to get products at...

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

A: Haworth will maximize its profits at the level where the employment level of inputs is such that the...

Q: In many countries, income earned from financial investments is taxed at a higher rate than income ea...

A: The answer and correct explanation for the given question is as follows:-

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: How do we measure and understand worldpoverty?

A: The amount of people living on less than $1.90 per day is referred to as global poverty, according t...