1. what will a decrease in input prices as well as a simultaneous decrease in price of good that is substitutable in consumption lead to?

Q: a) Discuss and explain the effect of a decrease in the price of shoes on the supply of shoes

A: Shortage is when quantity demanded is greater than quantity supplied.  And surplus is when quantity…

Q: Use the sum-of-the-years'-digits depreciation method to make a depreciation schedule (first two…

A: Given  First cost (FC)=$28000 Salvage value (SV)=$2600 The expected life of forklift =10 years.…

Q: 2. For a particular commodity, the supply and demands functions are given by S(q) = 2q, D(q) =…

A: Here we are given the demand and supply curve of a particular commodity. Using them we will…

Q: 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed,…

A: Laffer curve shows the relationship between the tax and tax revenue.  It is the graphical…

Q: hat is the interest rate on your credit card if after 10 years you owe $40 for a pizza that had a…

A: Given price of pizza paid with credit card after 10 years = 40 $ Time = 10 years Current price = 10…

Q: Mark's budget constraint is AB. It would pivot to AC if the price of Select one: O a. O b. cassette…

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

Q: Which of the following are examples of common behavioral errors in decision making (multiple correct…

A: General preferences and perception flaws are usually accused of wrong decision-making. General…

Q: To understand the differences in global trade operations in comparison to those carried out between…

A: In the business environment the globalization and nationalization are often considered being…

Q: In order to save for your retirement, you want to save $2,000 every year for 15 years, starting one…

A: Given constant deposit at the end of each year = 2000 $ Time = 15 years Interest rate = 8 %

Q: Using below information answer questions 12, 13 and 14 Suppose there is a market that has market…

A: tax levied on goods increased the price. as we know that price is set by the market mechanism demand…

Q: Given the following: C(YT) = 200 +0.75(Y-T) I(r) = 80 - 20r L(r,Y) = Y − 90r G = 200 T = 75 M = 2500…

A: Given information C=200+0.75(Y-T) I=80-20r Md=Y-90r G=200 T=75 M=2500 P=4

Q: The balance of the trade shows a deficit of 6500. The value of the exports are 4200 crore what would…

A: The balance of the trade is usually defined as the merely distinction merely and gradually between…

Q: Can you draw( i need a graphs) labor supply function : U(c,l)=log(c)+log(l) where, c-represents the…

A: Given  Utility function: U(c,l)=log(c)+log(l)               .......(1) Given market wage w=10 Total…

Q: If the price of steak falls while the demand for chicken falls, is the cross-price elasticity of…

A: To determine how much demand for one commodity will change in response to a change in the price of…

Q: Give at least one (1) determinant of poverty and explain in detail

A: Lack of resources to satisfy necessities like food, clothes, and shelter constitutes poverty. But…

Q: The table sets out the data for an economy when the government's budget is balanced. Real interest…

A: The real interest rate is the rate of interest an investor, saver or lender gets after permitting…

Q: Consider an EOY geometric gradient, which lasts for eight years, whose initial  value at EOY one is…

A: Given  The First year-end cash flow of the geometric gradient is Php 250,000 f=6% thereafter up to…

Q: what are the two most significant issues that occur for the current marginalist theory of the…

A: An important question that may be asked about production functions is how it responds to the…

Q: 8. Apply the Keynesian IS-LM model. Suppose the government reduces its spending but the central bank…

A: Here we are given the IS-LM model. And at the intersection of the IS & LM curves the equilibrium…

Q: What will be the demand deposit if the cash reserve ratio is 28.5% and the cash reserve are 1200?

A: Cash reserves are generally fund that basically the organisation which are merely set aside in each…

Q: The Federal Reserve O sets interest rates is the U.S. central bank controls the amount of money in…

A: The Federal Reserve is the central bank ofthe United Nation. They conduct national monetary policy…

Q: Joey's Lawncutting Service rents office space from Joey's dad for $300 per month. Joey's dad is…

A: Introduction  Average fixed costs a total fixed costs per unit of output. It is total fixed costs…

Q: A consumer has to choose the optimal number of slices of pizza and bottles of water to purchase.…

A: Optimal decisions will be reached at the margin. The main approach on making the best decision on…

Q: MAKE 1 DEMAND GRAPH AND 1 SUPPLY GRAPH TO PLOT THE DATA IN THE TABLE. Suppose that the aggregate…

A: Aggregate supply and demand alludes to the idea of supply and demand yet is applied at a…

Q: Mr Sam had invested dollar 1,000 now and it answer 6% interest rate how much it would be worth after…

A: Introduction: It is given that Sam invested the amount of 1000 that earns a 6% interest rate and we…

Q: Select one of the external factors discussed in the text that influences business

A: Let We show that  that The company I have chosen is Nestle Maggi and the external factor is Food and…

Q: Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an…

A: Natural rate of unemployment refers to the unemployment rate towards which economy tends to move in…

Q: Consider the short-run and long-run aggregate supply curves in the graph to the right. Using the…

A: Long run supply curve is the vertical line.  Short run supply curve is upward sloping.

Q: 1. Sally Johnson loaned a friend $10,000 at 15% interest, compounded annually. The loan will be paid…

A: The loss or gain of an investment over a specific time period is known as the rate of return, and it…

Q: (Figure: Market for Bread) Which of the following graphs shows what will happen in the marke bread…

A: The supply curve depicts the positive relationship between price and quantity supplied, keeping…

Q: in economics, what are the following ⦁ the aggregate supply (AS) curve in the immediate short run.…

A: Aggregate supply curve is the total product produced in the economy in terms of monetary value. AS…

Q: Jana is interested in only two goods, X and Y, which she views as "perfect complements". Write down…

A: In order to derive the preference:-  4.5 x = 3.5 y  U( x , y ) = min { 4.5 x , 3.5 y }

Q: If inflation rises from 10 to 14 percent, explain what happens to real and nominal interest rates…

A: Inflation A generalized increase in the cost of goods and services is referred to as inflation.…

Q: Peanut butter and jam can be either substitutes or it can be compliments. Caitlin likes peanut…

A: The relationship between these items is identified using the cross elasticity of demand. When two…

Q: 1 Example 1: Let y = F(l, k) = 13k2 be the production function, p = 30, w = 10, and r = 5. maximizes…

A:

Q: In an open economy, why is the supply curve for dollars in the foreign-currency exchange market…

A: The rate at which one country's currency can be exchanged for another country's currency is known as…

Q: The rate of return to bonds should be near equal to the equilibrium interest rate in the credit…

A: The equilibrium interest rate arises at a point where the quantity of money demand is equal to the…

Q: 7. Given the following: C(YT) 200+ 0.75(Y-T) I(r) = 80 - 20r L(r,Y)=Y-90r G = 200 T = 75 M = 2500 P…

A: Given  Consumption expenditure function: C(Y-T)=200+0.75Y-T                .....(1) Investment…

Q: An insured is injured while robbing a bank. If the insured's Accident and Health policy contains an…

A: We know that, The person who obtains insurance on his own possessions. It is the insured's…

Q: In case the price of a product and the total revenue from that product move in the same direction,…

A: When a product's price changes by a particular percentage but the market's demand changes by a…

Q: The price of steel, which is used to make paper clips, has increased.  The increased price of steel…

A: Leftward shift in supply curve = Decrease in supply.  Rightward shift in supply curve = Increase in…

Q: The weekly demand function is given by p+x+4xp = 68, where is the number of thousands of units…

A: The connection between price and quantity demand is also known as the demand curve. Demand for a…

Q: A person buys a piece of lot for $136181 down payment and 10 deferred semi-annual payments of $5,000…

A: Given  Down payment =$136181 Annuity payment (A)=$5000 starting from the 6th year from now. The…

Q: 4) The sum of the present value of 1 paid at the end of n periods and 1 paid at the end of 2n…

A: The total of future investment returns discounted at a specific level of rate of return anticipation…

Q: All 11,000 tickets were sold for a baseball game. What percent of the fans were "no- shows" on a…

A: Given information: Number of baseball game tickets sold = 11,000 The number of fans actually…

Q: How much money should be deposited each year for 8 years starting 1 year from today, if you wish to…

A: Introduction: It is given that the interest rate is 12% and the amount of annuity that is withdrawn…

Q: What are the advantages of capitalist economy

A: In a capitalist economy, the production of all the products s and services relies on the demand and…

Q: Explain the two approaches that can be used to compute GDP. Why do these two approaches lead to the…

A: Introduction  Gross Domestic Product or GDP is referred to as the total monetary value of all the…

Q: 2) Suppose that there are two types of consumers. "Type 1" consists of 10 identical consumers who…

A: Given information Type 1 consists of 10 identical consumer P=40-2Qd1 Type 2 consists of 50 identical…

Q: Assistance with explanations of the following phenomena a.In the long run, what happens to…

A: Consumption is defined as the purchase of goods and services for the purpose of acquiring current…