Article Link: https://bit.ly/3fbNtrF The following graph represents the market for high-emissions cars. Answer this question assuming that the outernalinin

Q: If a country produces the following items during the year, calculate GDP. Item Quantity Price Market…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by a…

Q: Which of the following is a strategic engineering economic decision? All the other choices are…

A: The strategic engineering economic decision includes all decisions on investment relating to…

Q: Draw the market equilibrium and show the shift in equilibrium point under below mentioned situations…

A: A movement in the same direction of supply and demand curves the effect on equilibrium price will be…

Q: Consider this regression model (1) : Yt = β0 + β1 Ut + β2 Vt + β3 Wt + β4 Xt + εt ; where t= 1, ...,…

A: Given the regression model :

Q: a) How do financial institutions benefit the overall economy? b) How do Fls reduce monitoring costs…

A: Financial institutions bridge the gap between savers and investors. A healthy economy would have a…

Q: Consider the balance sheet for the DI listed below Assets Cash Securities Loans Total assets…

A: Asset Amount Liability and Equity Amount Cash 5 Deposits 68 Securities 20 Equity 7 Loans 50…

Q: 6. Provide a detailed analysis of the Second Welfare Theorem of Economics

A: The second welfare explains that Pareto efficient allocation is possible if all consumers have…

Q: China has begun adopting a firmer stance against pollution. have increased regulations, requiring…

A: ***Since the student has posted multiple questions, hence, the expert is required to solve only the…

Q: 5. In the long run, (1) which market structures are likely to have their average cost curve just sit…

A: The Long run is the time period when all aspects of production are variable and can therefore be…

Q: 5. (a) A competitive firm finds that at equilibrium level of output its AR = 20, MC = 20 and AC = 60…

A: ans a- The firm will continue to produce as long as profit is covering the cost .The AR=AVC is the…

Q: 9. Which of the following statements is (are) correct: jam hab. (A) The change in the amount of…

A: The time value of money refers to the concept that tells that a sum of money is value more today…

Q: Choose the best answer and provide a solution. A man pays 1.5% interest on his loan four times a…

A: The real yearly cost of borrowing, taking into account the frequency of compounding, is known as the…

Q: Below table shows the production possibilities for the country of Emilon: C VID VINTE 72 84 ¹2 E 0…

A:

Q: A factory can make ice cream or popsicles. In the course of 1 day, the factory can either make 1,000…

A: Opportunity cost is the value of next best use of the resources.

Q: If the reserve required ratio is 20%, how much can this bank lend? a) $900,000 b) 0 c) $500,000…

A: Given information: Demand deposits = $5,000,000 Cash in vault = $900,000 Deposits at Fed = $100,000…

Q: Rajiv is training for a biathlon, a winter racing sport that combines cross-country skiing and rifle…

A: Principles of individual choice are based on the idea that people make rational decisions based on…

Q: Suppose that the following prisoner's dilemma game (stage game) is played repeatedly and players…

A:

Q: Q2 Suppose the price elasticity of demand for the market of mobile phones is 0.90.   If all…

A: Elasticity is a measure used to calculate the change in quantity demanded of the good due to changes…

Q: (Figure: Budget Lines for Tangerines and Watermelons) Use Figure: Budget Lines for Tangerines and…

A: Alberts Income = $5. Price of Tangerines = 0.50 and Price of Watermelons = 0.25

Q: Inflation has reached its highest point since the 1970s. Please identify at least three factors…

A: Inflation is a financial indicator that measures the rate at which the price of goods and services…

Q: Explain the difference between nominal and real wages..

A:

Q: 6. Multiple Chunce Question. Which of the following are likely the medium-run effects of a decrease…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…

Q: The table below describes labor supply and labor demand schedules. Wage $15 $16 $17 $18 $19 $20 $21…

A: Equilibrium in a market is a situation when the demand and supply of a commodity or service in the…

Q: Roger's World of Pets is considering adding cat grooming to the array of goods and services he…

A: Marginal analysis examines the differences between an activity's increased benefits and its…

Q: (a) Find Amit's optimal demand for insurance for each price p > 0. Assume that Amit cannot sell…

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

Q: The CARES Act was the largest in both nominal and real measures of fiscal relief/stimulus passed in…

A: AS is the total quantity of output firms will produce and sell—in other words, the real GDP. ADis…

Q: Discuss the different types of Unemployment. Give Examples

A: Unemployment is a condition when a individual actively finding for a job and is unable to find work.…

Q: 4. Multiple Choice Question. Which of the following are likely the short-run effects of an increase…

A: Reserve requirement is a tool of monetary policy by which a central bank legislates a minimum amount…

Q: QUESTION 41 Figure 14-13 Suppose a firm in a competitive industry has the following cost curves: 10…

A: A perfectly competitive firm is a price taker, and that implies that it should acknowledge the…

Q: 1. Why might someone who is trying to decide whether to see a movie be more likely to focus on the…

A: Opportunity costs refers to the cost which arises when an opportunity is foregone by choosing some…

Q: What is the per-unit opportunity cost of product Y as production moves from point B to point F? a)…

A: Opportunity cost is the cost of an alternative that must be forgone in order to pursue a certain…

Q: are working out their share of the total bills. The electricity bill was £250, gas was £650 and…

A: Given information: Electricity bill = £250 Gas bill = £650 TV streaming bill= £66 Food bill = £988…

Q: What happens with the product that is out of stock? Explain in economic terms.

A: Out of stock or stock out is the condition when the product demanded by the consumer is unavailable…

Q: 12.Comparing credit facilities by sector in Jordan in 2017, the highest credit facilities were going…

A: Given questions are asking about various questions related to different sectors in Jordan:

Q: Suppose Industry X employs $1m worth of capital per employee and Industry Y employs $500,000 worth…

A: Capital intensive entities are those business that invest a huge amount of capital per employee

Q: Which of the following schools of economic thought modelled the economy as a physical system that…

A: A school of economic thought is a group of economic thinkers who shared a common perspective on the…

Q: The unbiased expectation theory and liquidity premium theory are two important theories to explain…

A: Based on the long-term interest rates that are currently in place, the Expectations theory forecasts…

Q: Discuss the effects of trade policy on poverty and inequality. Despite potential adverse…

A: Trade policy can have a significant impact on poverty and inequality within a country.…

Q: Roles of Ethiopian commercial banks in international business

A: Financial institutions refer to those institutions whose main role is to help firms and people with…

Q: 1. 2. 3. 4. In the diagram to the right, plot the following hypothetical supply and demand…

A: Demand-supply equilibrium: The equilibrium signifies a point on demand-supply space where demanded…

Q: A. The Central Bank's announcement that it will steadily reduce the money supply. B. The…

A: The government's announcement that it will increase spending on infrastructure will increase the…

Q: 2. What are your costs if you charge a price of $100? 3. What is your revenue if you charge a price…

A: Total cost is the sum of fixed cost and variable cost.  Fixed cost isbthe cost that remains fixed at…

Q: Discuss what will happen to the value of the pound in the short run and in the long run if the Bank…

A: Before going to discuss, let's first know how the value of pound or any other currency is related to…

Q: (Table: Marginal Utility per Dollar of Twix) Use Table: Marginal Utility per Dollar of Twix. The…

A: Marginal utility per dollar (also known as the marginal utility-to-price ratio) is a measure of how…

Q: I put $500 in a bank a year ago at an interest rate that compounded annually. When I withdrew my…

A: Given: Amount received today = $540 Amount deposited a year ago = $500 Number of years = 1 Rate of…

Q: Compare the amount of interest earned on a $10,000 deposit for ten years at 6% simple interest per…

A: Future worth is the worth of an asset at a determined date. It estimates the nominal future amount…

Q: A young man bought a second hand car for P150,000.00 in cash. The owner of the car agreed to be paid…

A: Present worth shows that money got in the future isn't worth however much an equal amount got today.

Q: The demand equation for school lunches is x = 100-10p, where x is the number of lunches purchased is…

A: The degree to which consumer behaviour is influenced by price changes is known as price elasticity…

Q: Supply and demand are powerful forces in a free market. In four to five sentences, explain some of…

A: Supply and demand are considered as the two powerful forces of a free market because these are the…

Market Failure Analysis

To understand Market failure, we need to first understand welfare economics. An Italian economist, Vilfredo Pareto stated that allocation of resources in an efficient manner such that an economic change, which harms no one and makes someone better off, indicates an increase in social welfare. It is also called Pareto Optimality, where resources cannot further be reallocated without harming one. This does not apply to those economic changes, which harm some and benefit others. social welfare increases if the utility of any of its members' increases and none decrease in the economy.