Alpi bought 10 basketbals shirts last month, when the price was $100. This month, when the price of basketbal shirt increased to $120, Alpi bought only 6 basketball shirts. Alpi’s price elasticity of demand is.......   A. 4   B. -0.5     C. -4   D. -2     E.. 2

Q: our company charges $60 for a board game it invented and has sold 3,000 copies during the last year.…

A: Following are the given values: Price charged by the company = $60 Number of copies sold = 3000…

Q: The HR department at Clearwater Electronics administers different tests to candidates for managerial…

A: The correct answer is given in the second step.

Q: Question 45 Websites, such as Monster.com, which feature job listings and allow individuals to…

A: In an economy, different types of unemployment arises due to different market conditions, such as…

Q: Cartels usually breakdown because of what? Cartels can only be effectively run if they use Game…

A: It very well may be referenced that cartels can not exclusively be run actually by game hypothesis…

Q: India’s GDP per capita increased from $310 in 1991 to $1,489 in 2012.   (i) Calculate the average…

A:

Q: The deadweight loss that arises from a monopoly is a consequence of the fact that the monopoly A.…

A: In a monopoly market structure, there is only a single seller and the product which is being sold is…

Q: Which best describe equation 2?

A: Inflation means the rise in the price level of goods and services in the economy. It means as the…

Q: The price elasticity of demand for good x shows how: A A change in price of good x affects the…

A: Elasticity is a concept that is used to measure the changes of one in response to other. It can be…

Q: Construction data fudging kills reliability of official statistics Revelations about irregularities…

A: The answer is - c) Unrecorded activity

Q: A monopolist that practices the first degree price discrimination (Select all that applies) O…

A: Meaning of Monopoly: The term monopoly refers to the situation under which there is only an…

Q: 1. The table below reports the unemployment rate, labor force participation rate, and (working-age)…

A: The labor force participation rate is an estimate of an economy's active workforce. The formula is…

Q: TC FC TVC AVC ATC MC 100 1 130 75 3 165 4 50 250 330 7 90 What is the total variable costs (TVC or…

A: Answer: The following formulas will be used: TVC=TC-FCAVC=TVCQATC=TCQMCn=TCn-TCn-1where,MCn=marginal…

Q: Exercise 4 Use a combination of text and drawing of figures when answering the following questions:…

A: Fiscal policy Fiscal policy refers to the policy of the government and central bank of the nation…

Q: In the open-economy IS-LM model, an increase in the domestic interest rater will, other things…

A: >Interest rate is the cost of borrowing and is negatively related to the investment. >So, in…

Q: 3. Consider the following degenerate game. Please find all the pure and mixed strategy Nash…

A:

Q: Explain how avoiding interest rate hikes could assist in accelerating economic growth

A: Economic growth is a rise within the production of products and services in an economy. Will…

Q: d. What is nationai savıngs in unis economy? National investment? e. Now, taxes decrease by $3…

A: Public savings = Taxes - Government spendingPrivate savings = Income - Taxes - ConsumptionNational…

Q: The recent new payment system 'cryptcoin' reduces households' real money demand. What are the…

A: 1. The recent new payment system 'cryptcoin' reduces households' real money demand.  It's effect on…

Q: If a person moves $1,000 from a small-denomination time deposit to a demand deposit account, Select…

A: M1 money supply: The M1 money supply is very liquid. The liquidity of an asset refers to how easily…

Q: If an economy is to the left of the equilibrium level of GDP on the Keynesian cross diagram, then…

A: The equilibrium is when the aggregate expenditure is equal to aggregate output i.e. income =…

Q: A firm produces output (y) using two inputs, labor (L) and capital (K), according to the following…

A: We have cobb Douglas production function  y = f(L, K) = L0.25 K0.75 And L =120 and K=60

Q: 4. Why did inflation targets replace monetary targets as the most widely used strategy for monetary…

A: Inflation targeting is a monetary strategy in which monetary policy is adjusted to achieve a set…

Q: suppose that the snow shovel industry is a perfectly competitive, increasing cost industry and the…

A: The price of a good or service in a commercial center decides the quantity that purchasers request.…

Q: c) Suppose B = 0.5 and other factors are fixed, explain the percentage change in output due to a…

A: With given value of parameter, we have rewrite the production function. Y=AkaL0.5

Q: When a country exports more goods and services than it imports, this is called Multiple Choice a…

A: Exports refer to those goods and services which are produced in one country and supplied to another.

Q: A new boiler was installed by a textile plant at a total cost P300,000 and project to have a useful…

A: First, convert all values into an equivalent annual value (A),Then, we divide the equivalent annual…

Q: GDP can be calculated by all of the following methods except… a) Adding up the spending on goods…

A: "GDP represents the market value of final goods and services produced in an economy at a specific…

Q: how can price controls be used to avoid prices from increasing further

A: Price controls are the controls over the price that are made by the government. It is often seen…

Q: The store selling maize meal makes a further discovery, when the price of rice changes from R30 per…

A: According to the question, it is given that when the price of rice falls, the quantity demanded of…

Q: If Guy Barnes receives $1,000 from his newly created government job and gives $900 to Jingles…

A:

Q: Economics According to the climate graph, what is the range of temperature recorded in the city of…

A:

Q: Suppose that a particular industry has a four firm concentration ratio of 45 and a Herfindahi inder…

A: Here, it is given that the market has four-firm concentration as 45 and HHI as 1540.

Q: Which of the following is FALSE related to the Bank Run game ? A. Player 1 has 4 strategies in the…

A: A Bank Run Game is defined as a game in Game theory where all depositors deposit $1000 at an…

Q: Consider an industry in a competitive market that consists of 100 firms with identical short run…

A: 100 firms C (q) = 50 + 0.5q2  MC = dC/dq MC =q

Q: If Guy Barnes receives $1,000 from his newly created government job and gives $900 to Jingles…

A:

Q: A company is considering constructing a plant to manufacture a proposed new product. The land costs…

A: Given that Land cost=P300000 Building Cost =P600000 Equipment Cost= P250,000  Additional working…

Q: Table 1 represents the components of the UAE current account balance during 2019-2020. Table 1…

A: The Current account is a component of balance of payment (BOP). It accounts all the export and…

Q: Economics 2. give two curvilinear equations of three sector economy: IS, where Y = 2000 – 5000r ISz…

A: The IS curve illustrates interest rates and production levels that equal budgeted spending. The IS…

Q: Goods x and y are perfect substitutes. When the market price of good x is $5/unit, firm F produces…

A: Given; Market price of good x= $5 per unitQuantity produced by firm F of good x= 500Increase in…

Q: Consider the production function f(x1, X2) = 4x1x2, where x1 and x2 are the quantities of inputs 1…

A: Increasing return to scale arises when the change in input leads to a change in output more than…

Q: The total cost function of a firm in a perfectly competitive market is given by: TC =3Q2+ 2Q + 10.…

A: Here, the total cost function of a firm, which operates in the perfectly competitive market, is…

Q: What is the maximum amount of new loans that this bank can make?

A: A bank can give loans to the public only after keeping some reserves out out total demand deposits.…

Q: In a used car market there are two types of cars: bad (B) and good (G). Assume that the utility from…

A: * ANSWER :-    From the given information the answer is provided as below as ,

Q: Consider the following degenerate game. Please find all the pure and mixed strategy Nash Equilibria.

A: Given,  2 Players : Player1 and Player 2Player 1's Strategies : L and RPlayer 2's Strategies : a, b…

Q: if the price elasticity of demand is 1.6 and a firm increases the price of its product by 10%, it…

A: Elasticity measures how sensitive a variable is to changes in other variables, like price.Price…

Q: Thên: Consider a closed Keynesian economy. Draw an IS-LM diagram and mark the initial point as (A)…

A: IS-LM Curve  IS-LM curve represents the relation of Inflation on Output and the Rate of Intrest. IS…

Q: How many years is the economic life of a machine if its original cost is P1 400 000, salvage value…

A: Straight line method of depreciation is the method by which we calculate the depreciation on a asset…

Q: Discuss the following statement: “The Capital Asset Pricing model (CAPM) has solved all the problems…

A: At the marketplace, there are different types of risks associated with different investment projects…

Q: Why might the ‘Goggle mobility index’ not be a good measure of the fall in economic activity during…

A: Google helps policymakers in evaluating how effective their lockdown is and what improvements they…

Q: LEASE ANSWER AND SHOW SOLUTION A dam will have a first cost of P250,000,000, an annual maintenance…

A: First cost = $25000000 Annual maintenance cost = $1250000   Reconstruction cost = $5000000