Who formed the first unions? a employers who wanted to solve grievances among their employees b unskilled workers in the factory system c desperate workers in terrible conditions d organizations of skilled workers in specific trades

Q: what did adam  proposed that government should do to help the economy

A: Government is a very important economic unit. It controls an economy and provides various resources ...

Q: There are currently 60 perfectly competitive firms producing output q. The cost function of each fir...

A: (9) P = MC is a supply curve for an individual perfectly competitive firm in the short run.  C=10 + ...

Q: Explain each of the following Institutional Sectors of the SNA. v)Households sector- (including inc...

A: The System of National Accounts (SNA) is an internationally agreed-upon standard set of recommendati...

Q: Illustrate the appropriate change and specify whether each change represents an increase or a decre...

A: Given:- Price of chicken rise, Consumers choose to purchase beef instead To know:- Appropriate chang...

Q: Assume that Alex uses capital and labour to produce a good. The unit price of capital is $2 and the ...

A: Here we calculate the amount of additional labor if Alex want to incur the same cost  by using the g...

Q: 2. Show on a diagram how a negative external effect can lead to a situation where marginal social co...

A: Profit maximization is that the method by that a corporation determines the rating, input, and outpu...

Q: One company managed to save 28,000 in the first year by reducing savings by four thousand pesos each...

A: We have to accumulate the cashflows of each year to their values at the end of year 5.

Q: This chapter discusses companies that are oligopolists in the market for the goods they sell. Many o...

A: The market structure when there are a small number of firms who tend to be interdependent in pricing...

Q: The demand for stoves is given by QD=450−20� and the market supply is given by QS = 20 – 100P iii. ...

A: The answer is given below

Q: Tom went to a pizza by the slice bar with Jerry. Tom loves pizza (x), and prefers it, even more, whe...

A:

Q: Jane's utility function is U=X^2Y^8 , with marginal utilities being  MUX=2XY^8 and MUY=8X^2Y^7. Pri...

A: Answer: Given, Utility function: U=X2Y8MUX=2XY8MUY=8X2Y7PX=1PY=3I=120 The budget constraint of this ...

Q: Darien invests $10,000 in an account that pays 3.2% interest per year, compounded semi-annually. Wha...

A: Interest can be defined as the amount received in excess of the principal amount to the investor. Th...

Q: An increase in the quantity of hybrid cars supplied would be caused by which of the following?  A. A...

A: Demand curve shows the combinations of quantity demanded at different prices. Supply curve shows com...

Q: er to the process of adding up the individual demand curves to find the market demand curve as aggre...

A: The demand curve shows the inverse relationship between demand and price. Rise in the price leads to...

Q: SUGAR (Millions of pounds) Suppose that Maldonia and Lamponia agree to trade. Each country focuses i...

A: Answer: Let us first calculate the opportunity cost (OC) in the production of both the goods for bot...

Q: a. Identify each of the variables and briefly explain the meaning of each one. b. From the above lis...

A: IS curve shows equilibrium in the market of goods and services. LM shows equilibrium in the asset ma...

Q: A firm faces two types of consumers. Consumer A has an inverse demand of P = 120- 10 Q and consumer ...

A: Quantity Discount: It is a strategy used by sellers to entice buyers to purchase larger quantities f...

Q: On the following graph, use the blue points (circle symbol) to plot Ana's initial production possibi...

A: Introduction: The potential advantages that a person, investor, or organization foregoes by choosing...

Q: Consider the following statements about the Stackelberg game from the slides, assuming both firms ar...

A: Cournot Model Outcomes - Output of each firm = qc    Strategy (s1 , s2 )  => If , q1 = qc  , then...

Q: A monopoly producer of drugs has a constant marginal cost of MC=8 and sells its  product in two sepa...

A: Market equilibrium condition is where marginal cost equal to the Marginal revenue . In Monopoly they...

Q: ) Find the after-tax (income tax = 20%) weighted average cost of capital (WACC) given: %3D Fund Amou...

A: Here we calculate the WACC by using the given information , so the calculation of the following by u...

Q: Suppose consumption function is specified as C $200 + 0.75Y planned investment is $600, net taxes ar...

A: Here we calculate the following terms by using the given information, so the calculation of the foll...

Q: liberal theory look at the ralationship between state, civil society and market ?

A: The theory of liberalism gave prominence to the concept of individual freedom consent. The idea of l...

Q: Consider the following Keynesian economy Desired consumption: c" -220 + 0.6(Y - T)-200r Desired inve...

A: Given: The consumption level is as: Cd = 220 + 0.6Y - T - 200r Desired investment: Id = 300 - 300r T...

Q: If Bangladesh is open to international trade in oranges without any restrictions, it wil import tons...

A: Given; Domestic equilibrium price= $990 Domestic equilibrium quantity= 50 tons World price= $810 If ...

Q: Suppose firms incur transportation costs to sell their product abroad. How do transportation costs a...

A: Transportation costs are the prices likely to be changed abroad and how to make up a larger share in...

Q: g equations: P = 48 – 2Q P = 24 + 2Q demand: supply: is the price of a bushel in dollars and Q is qu...

A: At equilibrium, demand = supply and graphically where demand & supply intersect or cross each ot...

Q: Any help will be appreciated a. Identify each of the variables and briefly explain the meaning of ea...

A: Equilibrium is reached at the intersection of IS and LM curves. At the intersection both goods marke...

Q: You are planning a move across town. Doing your research you find that the average rate of a moving ...

A: 1) Hours  Marginal Benefits Marginal Cost Consumer Surplus  1 hour $850 $250 600 2 hour $620 ...

Q: There are many reasons why women earn less than men. One is attributed to the education and work env...

A: There are many reasons why women earn less than men. One is attributed to the education and work env...

Q: China is playing a growing role in the world economy. It is one of the world's fastest growing count...

A: China is the world's second most powerful country in the world after the USA. China's growth and dev...

Q: Suppose that each firm in a competitive pizza market has the following identical cost:  Total cost: ...

A: TC = 25 + 1.5Q2  TC has two parts, fixed and variable cost. Fixed cost is independent of the quantit...

Q: 19- The firm's marginal rate of technical substitution is diminishing. 18 17 16 15 14 A firm finds t...

A: A firm finds that it can always trade five units of labor for one unit of capital and still keep out...

Q: Given the arguments relating to the new trade theory and strategic trade policy, what kind of trade ...

A: Trade is defined as the exchange of commodities and services across the boundary of the country.  In...

Q: You borrow $5000 from a family member and agree to pay it back in 5 months. Because you are part of ...

A: Given: The principal amount is = $5,000 Payback period = 5 months Interest rate is = 0.5% per month ...

Q: Assume Tom is on budget constraint AC and the price of a hamburger is $4.00. Tom's monthly income is...

A: Here we calculate the income of Tom by using the given budget constraint and choose the correct opti...

Q: Microsoft Windows 8 Versions and U.S. Prices Version Price Full from Microsoft 249.99 Upgrade from M...

A: As we know that Microsoft Window is a popular operating system developed by Microsoft corporation. N...

Q: Marginal cost equals A) all the opportunity cost of producing the amount of output. B) the opportuni...

A: Marginal cost is calculated by differentiating total cost or total variable cost with respect to out...

Q: Deficit spending" refers to a situation where the government:  A. Spends borrowed funds B. Collects ...

A: When tax revenue collected by the government is equal to government spending the situation is known ...

Q: 2: Give an example of a seemingly non-symmetric game that possesses a symmetry. Note down the symmet...

A: Let the game take following form :     a b   A 5, 5  3 , 6   B 6, 3  2, 2   

Q: b. unlimited wants and unlimited resources. c. limited wants and limited resources. d. unlimited wan...

A: The circumstance in the general public when the resources that people need to satisfy their needs ar...

Q: a. In what ways is economics a science and why do economists make? b. What is the importance of the...

A: The social science of economics is defined as "the study of the production, distribution, and consum...

Q: Discuss Fischer’s concept of opportunity locus with the aid of diagram(s).

A: The Fisher Effect is a phrase coined by economist Irving Fisher to describe the relationship between...

Q: QUESTION 28 Figure 6-13 16 12 8 Demand 40 80 105 120 160 QUANTITY Refer to Figure 6-13. What is the ...

A: Answer to the question is as follows:

Q: a. Complete the missing cells of the following table, showing the formulae used and your calculation...

A: The unemployment rate is the fraction of the labor force that is unemployed. The labor force is the ...

Q: a) ChrisNaan Company produces fruit smoothies for students at the University of GhAna. Supp its prod...

A: production function gives the technological relation between quantities of physical inputs and quant...

Q: A discriminating monopolist is able to charge different prices in two different markets. If when the...

A: A monopolize may be a person, organization, or company that has complete management over a marketpla...

Q: The price elasticity of demand is 5.0 if a 10 percent increase in the price results in a;

A: Given information, Price elasticity of demand: 5.0 Change in price: 10% To find: Change in quantit...

Q: The present choice between investing in capital goods and producing consumer goods now affects the a...

A: Consumer goods are only available for present use and will not produce wealth. Capital goods, though...

Q: Suppose Gil can write a poem in 1 hour, Holly can write a poem in 2 hours, and Ivan can write a poem...

A: Here we calculate the market price by the following method as follow;