can someone pls explain if marginal product function (i.) and (ii) are either convex or concave? what is their economic implication?

Q: If the statement is false or uncertain, please correct the statement to make it true.  If the…

A: A closed economy is one in which products and services are not imported or exported, meaning that…

Q: $1,000 $1,000 2T $500 $500 T 6. 1 2 3 5 6 2 3 4 5 EOY EOY 3T

A: Given  Rate of interest = 15% per annum  We have to find the value of  T that makes these two cash…

Q: it is easier for governments to change taxes or spending plans?What

A: In an economy, government uses fiscal policy to influence the economic condition in the long-run as…

Q: Use the following diagram, which depicts a typical market with a positive externality, to answer…

A: Answer (20): Without government intervention, the competitive equilibrium will prevail and the…

Q: 5.3 What is the slope (value) of Mrs. Bain budget line? 5.4 In theory, what is the slope (value) of…

A: In economics, an indifference curve is a graph that depicts possible combinations of two items…

Q: When the economy of a country is operating close to its full capacity unemployment is close to zero.…

A: The correct option is cyclical unemployment is close to zero. Cyclical unemployment is a type of…

Q: According to the Keynesian model, demand shocks affect output in the short run because:…

A: The Keynesian View of the AD–AS Model uses an AS curve which is horizontal at levels of output below…

Q: 2(a) Suppose x is a Pareto efficient allocation in which each agent holds a positive amount of each…

A: MRS(x1; x2) = p1=p2, as all agents face the same prices, they adjust their consumption to maintain…

Q: Assume that Mr. Danny starts now and makes five equal deposits of A=1000 per year into a 17% per…

A: Answers   Following is Given -: Annual deposit = 1000 per year interest rate = 17%. Time period = 5…

Q: Consider the two-period household-maximization model discussed in class. The model is modified in…

A: Representative household refers to the unit of households representing the entire economy. This…

Q: The payments that go into the trust fund for Social Security and Medicare come a) equally from…

A: The trust fund is a private legal arrangement where assets are held for benefiting the trust…

Q: How can labor-saving algorithms and staffing models assist enhance healthcare efficiency?

A: Health care efficiency is defined as a comparison of delivery system outputs such as physician…

Q: Consider a duopoly with two identical firms with MC=1 and FC=0. The inverse demand is P=30-Q. Find…

A: Given: P=30-Q Q = Q1+Q2 P=30-Q1-Q2 MC=1

Q: The inverse demand for Harley Davidson motorcycles is given by: P= 40,000-10Q where P is the price…

A: Monopoly: - monopoly market structure is the structure in which there is only one seller of any good…

Q: Vhich of the following is true about BRIC countries: O a. There is low prospects of growth O b. To…

A: BRIC countries are Brazil, Russia, India and China. These countries are emerging  economies.

Q: The cost of maintaining a certain permanent monument in Washington, DC occurs as periodic outlays of…

A: The formula using for the annual payment is given below: A = F[i/(1+i)n-1] Were, F = accumulated sum…

Q: The inverse supply equation for beans is is P=3QS+ 250; the inverse demand equation is P= -2QD + 50.…

A: Answer: At Equilibrium Q's= Qd Qs= p/3-250/3 Qd= 25-P/2 P/3-250/3= 25-P/2 5P/6= 325/3 P=130…

Q: explain are exchange rate volatility good or bad?

A: Concepts: Exchange rate: It refers to the price of one currency compare to the price of another…

Q: what is volatility in exchange rate ?

A: Exchange rate is defined as the rate at which the currency of one country is exchange for the…

Q: You are interested in analyzing how rent controls affect students' housing outcomes. You collect…

A: The linear regression model depicts the linear relationship between dependent and independent…

Q: Situs of Taxation is world/global taxation: A. Resident Citizen B. Resident Alien C.…

A: The tax on worldwide income obtained by a resident citizen must be paid. The jurisdiction in which…

Q: one input and derive the short-run cost function. Show that long-run average and marginal cost are…

A: The Cobb-Douglas production function depends on the observational investigation of the American…

Q: One effect of the minimum wage is to reduce employment oppor­tunities for minority teenagers. What…

A: Employment most by and large means the condition of having paid work — of being utilized. To utilize…

Q: 2. Given a particular budget, if Mrs. Bain would like to maximize her utility from days of horseback…

A: In consumer equilibrium, the level of satisfaction and utility is determined on the basis of the…

Q: Which of the following is a reason that we do not hold all of our money in cash? Select one: a. To…

A: If we hold money as cash then there will be some opportunity cost associated with it.

Q: Which of the following groups of countries are members of NAFTA? O a) United States, Japan, and…

A: NAFTA is North American Free Trade Agreement.

Q: is cumbersome to store, transport and exchange. O must be the backed by a commodity. is not always…

A: Bartering is the trading of labor and products between at least two gatherings without the…

Q: The economist for the ABC Truck Manufacturing Corporation has calculated a production function for…

A: Production function: Q = 1.3 (L0.75) (K0.3) Where Q is the number of trucks produced per week L is…

Q: For something to be considered money, it must a) not be generally accepted as a medium of exchange.…

A: The answer is as follows:-

Q: Pretend that you are working for Del Monte in the area of canned vegetables and that Del Monte has a…

A: Answer -1  Types of decisions that would be taken with his system  (1) Inventory Maintenance With…

Q: pls explain if marginal product function (i.) and (ii) are either convex or concave? what is their…

A:

Q: Suppose the inverse demand for a product is P(Q) 30-2Q. This implies that the marginal revenue is…

A: Monopoly creates deadweight loss as it charges high price and produce low quantity of output.

Q: When a foreign supplier tries to "dump" goods into another country in order to gain a foothold in a…

A: here we find the correct option of  the following as follow

Q: 6. Assume that the demand for real money balance (M/P) is M/P = 0.6Y- 100i, where Y is national…

A:

Q: 13. Depreciation decreases: * Capital O Cash O Bank O Liabilities

A: In economics, capital is defined as assets which include tools, plants, and equipments. These assets…

Q: Which function of money is in each of the following cases demonstrating? (1) You pay $10 for a…

A: Functions of money are as follows: Medium of exchange Store of value Unit of Account

Q: 3. Given a particular budget, if Mrs. Bain would like to maximize her utility from days of horseback…

A: Consumer equilibrium that implies highest level of satisfaction consumer can achieve is determined…

Q: ompany B has a P5M loan for a new security system it just bought. The annual payment is P444,000 and…

A: * SOLUTION :-    Given that ,

Q: 11. In which market structure will a firm choose to stay in business (i.e. not shut down) when P<AVC…

A:

Q: A firm has the following production fundion: q =min{K, 10L). where q denotes output, K denotes…

A: Part (a): q = min {K,10L} q = K = 10L Therefore equation 1 is K =q and equation 2 is q/10 =L  Total…

Q: Contractionary fiscal policy occurs when the a) government decreases spending or decreases taxes to…

A: The use of the government spending and the tax policies to impact economic circumstances, notably…

Q: The Cobb-Douglas production function with output Q and capital and labor inputs K and L,…

A:

Q: Equipment for immersion cooling of electronic components has an installed value of P 819,000 with an…

A: Given  First cost of equipment P=819,000 Salavage value after 15 years F= P25,000 Life of equipment…

Q: what is the 3  benefit adopting a single currency ?

A: The measure that depicts the rate of one currency being measured in terms of another currency is…

Q: explain the economic meaning of the HR business cycle based on the give-to-get economic duality?

A: The cyclical movement of an economy as it swings from growth to recession and again is known as an…

Q: Given that fixed cost =230 and variable cost=12Q ; the total cost of producing 30 units of output…

A: Answer: b   Total cost (TC): This would be the aggregate of fixed cost (F) and variable cost (V).…

Q: Lower corporate tax rates Oa) increase the incentives for corporations to undertake activities that…

A: Taxes are collected by the government in power. Taxes act as revenue for the government.

Q: Which of the following would result in a positive externality? Group of answer choices A)A power…

A: In economics, positive externality exists when benefits are gained by a third party who is not…

Q: For which of the following reasons is the severity of the COVID-19 pandemic in developing countries…

A: COVID-19 is a very serious issue which world is facing these days. As it is a communicable disease,…

Q: graphically illustrate noncollusive oligopoly and collusive oligopoly

A: An oligopoly refers to a market with a limited number of enterprises that recognize their pricing…