Q: 1) Analyze the core competitive industries of Bangladesh? In this field, does Bangladesh adopt a…
A: Bangladesh is a growing economy, GDP the economy is increasing at a higher rate. Their manufacturing…
Q: e that shows the payoffs each firm earns from every combination of firm strategies eement among…
A: *Answer:
Q: Prospect Y = ($6, 0.25 ; $15, 0.75) If Will's utility of wealth function is given by u(x)=x0.25,…
A:
Q: Suppose the value of the S&P 500 stock index is currently 2,400. a. If the 1-year T-bill rate is 6%…
A: Answer;
Q: Coronado Industries developed the following data: Beginning work in process $1100000 inventory…
A: The data of the Coronado Industries has been given to us showing various components in it and we…
Q: Policy Options for Closing Output Gap Increase in Spending Tax Cut Spending Multiplier Tax…
A: Fiscal policy is the use of government spending and taxation to influence the economy.Fiscal policy…
Q: Data for 2018 Data for 2019 Quantity 4 Item: Price Price Hot dogs $1.75 $2.00 Pepsi 2 $1.25 3 $1.50…
A: The GDP is computed by multiplying the quantity of each commodity by its price and then adding all…
Q: "Vitamin Strong" has the monopoly on the production of vitamin C. It faces geographically separated…
A:
Q: The following hypothetical production possibilities tables are for China and the United States.…
A: Disclaimer: Multipart question. The solution to the first three parts is provided.
Q: Can Capitalism be classified as a religion? Explain
A: Capitalism is an economic system based on the private ownership of productive assets and their…
Q: Question 6. A division of chapman corporation manufacures a pager. The weekly fixed cost for the…
A: Introduction Weakly cost and revenue of a chapmen corporation has given. MC = 0.08 q3 + 3.6 q2 +…
Q: foreign interest rate is 5%, the risk premium on domestic assets, ρ, is -7%, and the expected rate…
A: The interest rate Parity condition holds When we express the domestic interest rate into foreigner…
Q: 1) please help need it Before 3pm fast kindly pretty please. Just make it short like 2 sentencesonly…
A: Food law is essential for easy trade activities in the international market.
Q: 1. Critique GDP per capita as a measure of welfare.
A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…
Q: Consider an economy which has two villages, Fishing and Hunting. A worker can choose one of the two…
A: In this question we have:- An economy which has two villages, Fishing and Hunting. worker can choose…
Q: 1. Use the assignment method to determine the best way to assign workers to jobs, given the…
A: Introduction For profit maximization, convert it into minimization problem by subtracting all the…
Q: Qd=88 000-200P+ 0.3M-1000PR MC 90 +0.09Q TVC = 48Q TFC = 650 000 where Quis quantity demanded, P is…
A:
Q: Q3. For a linear demand curve q(p)-20-2p. (1) calculate the price elasticity at p-0, 2, 5, 8, 10;…
A: Answer; Answer 3 I)q=20-2p ∆q/∆p=-2 Elasticity formula=(p/q)(∆q)/∆p) Elasticity=(p/q)(-2) p…
Q: 49- Which of the following is true about GDP as a measure of a country's economic health? a. It…
A: Gross domestic product is the sum total of all the goods in services which are considered to be as…
Q: Long-run: Assume you are examining the economy of India. Assume the Indian economy is initially in…
A: The economy is already at full employment level or economy is operating at equilibrium level. In the…
Q: Question 12 Which of the following characteristics will make the demand curve for a given market…
A: Elasticity is the change in the quantity demanded due to variation in the price level.
Q: 5 Suppose y = 6w2x4/z5 . Suppose that w increases 6%, x increases 9% , and z increases 1% . By what…
A:
Q: Which of the following is an injection in the circular flow of income? O Investment O Taxes O…
A: The injections are economic factors (or variables) that help in increasing the output level in an…
Q: forces at play: and effects. cubic Hotelling; competition; market size quadratic Hotelling;…
A: In a market, there are various sorts of management system utilized by the firms while managing the…
Q: in which two firms compete. Firm 1 faces TC1(Q) = 18Q and firm 2 faces TC2(Q) = 9Q. Suppose that…
A:
Q: GDP $ 450 $ 425 $ 2,000 500 450 3,000 600 500 4,000 640 620 5,000 5 680 580 4,800 6 600 620 5,000…
A: Answer; Option (a) 6 is correct answer
Q: Question 5 A decrease in one of the components of real GDP, such as Exports will cause the AD curve…
A: GDP has many components, such as consumption, investment, government expenditure and exports.
Q: Tuckered Outfitters plans to market a custom brand of packaged trail mix. The ingredients for the…
A: Product mix refers to the variety of products a business offers its customers. Manufacturers and…
Q: Refer to the following figure: Dollars $10 $8 Output The firm's breakeven point is at at ————…
A: Break even point is where P=ATC and shut down is where P= minimum of AVC
Q: Suppose two companies, Apples and Dell, are a competing duopoly. If both companies charge the high…
A: The phrase "Nash equilibrium" in game theory refers to a situation where the best outcome is reached…
Q: Number of Votes 63 43 A reality show is considering three cities for their new season: Philadelphia…
A: Answer is given below
Q: Draw a correctly labeled graph of the foreign exchange market for dollars between US and Japan. Show…
A: The foreign exchange market represents the supply and demand curve for the dollar in terms of…
Q: 5. Air is categorized as a "Common Pool Resource". a. Define "Common Pool Resource" b. List three…
A: Common-pool resources are important for the society and nature. The common pool resources are the…
Q: At some point, if all factors of production are being used, it becomes impossible to generate…
A:
Q: The iron triangle means there are inevitable trade-offs between the three key aims of welfare…
A: An iron triangle basically refers to a term used to describe the interaction that occurs between…
Q: A deficit caused by an increase in government spending needed to offset reductions in consumption…
A: A budget refers to a prediction of revenue and expenditures for a certain time period that is…
Q: Monopoly has a fixed cost FC=10 and her MC=4. The first group of customer has demand Q=20-0.5P, the…
A: Marginal costs are a function of the total cost of production, which includes fixed and variable…
Q: The following graph shows the economy in long-run equilibrium at the expected price level of 120 and…
A: Change in aggregate demand due to decrease in investment spending:-
Q: Question 21 Refer to Figure 3-1. Suppose the price of tacos is $7 and the price of pizza slices is…
A: The utility maximizing condition is determined by the tangency conditions. Slope of indifference…
Q: If U(w) w^1/2, wh-100 and wl-36. Let the reservation utility be 7. Further, let p=1/2. Calculate the…
A: Answer; pX(100)^0.5 +(1-p)X(36)^0.5 = 7 10p + 6(1-p) = 7 10p + 6 - 6p = 7 4p = 1 p = 1/4…
Q: Draw and explain the Mundell-Fleming model for Country A: a small open economy with a floating…
A: Mundell-Fleming Model of country represents a simultaneous equilibrium in goods , money and forex…
Q: PRICE LEVEL 130 110 70 50 AS 22 AD LRAS 20 24 26 30 OUTPUT (Trillions of dollars) Suppose that in…
A: If government decide to intervene to bring the economy back to the natural level of output by using…
Q: Which of the following theories, studies, or approaches best describes when individuals make…
A: Answering first question as per guidelines Humans are expected to behave rationally while making…
Q: QUESTION 3 In July 2016, inflation rate in Malaysia was around 2%. The rate is expected to rise…
A: Inflation is the gradual loss of a currency's buying value over time. The increase in the average…
Q: A cartel can be formed as a tacit collusion when: none of the other answers are correct. firms…
A: Tacit Collusion : The situation of tacit collusion cartel can be defined as when the competitors do…
Q: Question 3 For which of these goods would the market demand be more elastic, Residential electricity…
A: Answer: The elasticity of demand for a good is more elastic in the long run as compared to the short…
Q: Refer to Figure 3-1 in Question 16. Assume the situation starts as in the previous problem (Inco…
A: Utility maximizing condition is determined by the condition of tangency. The slope of Budget…
Q: De Norm/3 5. The Phillips curve in the late 20th century The following table shows selected data on…
A:
Q: Suppose that a firm is producing in the short run with output given by: Q=64L-L² The firm hires…
A: Answer; The firm should optimally use 31.44 units of labor.
Q: Jack Sparrow and his wife consume wine (W) and books (B). Jack Sparrow's utility function is…
A: Answer - Pareto Optimal Allocation :- It is the allocation where both the individuals present in…
(c) Explain the likely impact on the price of taxi journeys resulting from the trends shown in Extracts A and B
Step by step
Solved in 2 steps
- Filll in the values in the equation to calculate the PED for the Malabar coffee Price Elasticity of Demand (PED)= abs( % / % )=When the price of a gallon of milk increases from $6 to $8, quantity demanded decreases to 27 gallons. Assuming the price elasticity of demand for milk is -0.3, what is the original quantity demanded? (assuming further that this is the point elasticity relative to the original point on the demand curve.) Please make sure you give a numerical answer with no units and/or space or period (.) or comma (,) before or after your answer. Enter your answer hereWhen sold for $790.00, a certain desktop has an annual supply of 129.5 million computers and an annual demand of 155.5 million computers. When the price increases to $865.00, the annual supply increases to 147.5 million computers, and the demand drops to 134.5 million computers. NOTE: Round slope and vertical intercept to 4 decimal places and use those rounded values to the end. (a) Assuming that the supply and demand equations are linear, find the supply and demand equations. Supply Equation p = Demand Equation p = esc (Note: The equations should be in the form p = mq + b where p denotes the price (in dollars) and q denotes the quantity (in billions). The slope and y-intercept should be accurate to 4 decimal places). (b) Find the Equilibrium price and quantity. Equilibrium price p = Equilibrium quantity q = 9- F2 A (Note: The equilibrium price should be accurate to 2 decimal places and quantity should be rounded to the nearest whole number, and the equilibrium price should include a…
- (a) Determine the equilibrium price and quantity.(b) Sketch the demand and supply functions on the same graph. Label theaxes and the intercepts clearly.Tutorial Exercise Worldwide annual sales of smartphones in over a 5 year period were projected to be approximately q = −10p + 4,540 million phones at a selling price of $p per phone. (a) Obtain a formula for the price elasticity of demand E. (b) In one particular year the actual selling price was $277 per phone. What was the corresponding price elasticity of demand? Interpret your answer. (c) Use your formula for E to determine the selling price that would have resulted in the largest annual revenue. What, to the nearest $10 million, would have been the resulting annual revenue? Step 1 (a)Obtain a formula for the price elasticity of demand E. Recall that the price elasticity of demand E is the percentage rate of decrease of demand divided by the percentage increase of price, given by the formula. E = − dq dp · p q We are already given the formula q = −10p + 4,540 for the demand of smartphones (in millions). First, we find the derivative…You are an economist. Your friend started a new business selling masks. She asked for your help in making some important decisions. From the data obtained from her, you computed the Price Elasticity of Demand (PED) of Masks, and found absolute PED in February was 1.26, and since then the absolute PED of Masks declined by 30% in June. (a) Based on the PED of June, you would advise your friend for an increase/decrease/unchanged in the price - Insert one word answer (increase/decrease/unchanged) (b) The market price of the mask in July was Tk15 per unit. The total revenue earned in July was Tk300. You received the data for August and observed that the price now in August is Tk26 per unit and the quantity of masks sold in August is 9 units. Calculate the absolute value of Price Elasticity of Demand (PED) for masks from July to August. Do not convert into percentage. Give your answer in 2 decimal places. Eg. If you get PED = -0.253 then submit 0.25
- The manager of a Cape Town superette carries a stock of Jive soft drinks. The countryexperiences an economic recession which yields an anticipated consumer income decrease of6 %. As a result, the income elasticity of demand for this product is estimated to be –2.5.(a) Calculate the percentage change in the quantity of your soft drink orders required toaccommodate the new demand without a surplus or shortage of inventory. [3](b) What does the elasticity coefficient of –2.5 reveal? [3]You are an economist. Your friend started a new business selling masks. She asked for your help in making some important decisions. From the data obtained from her, you computed the Price Elasticity of Demand (PED) of Masks, and found absolute PED in February was 1.86, and since then the absolute PED of Masks declined by 55% in June. (a) Based on the PED of June, you would advise your friend for an increase/decrease/unchanged in the price - (b) The market price of the mask in July was Tk20 per unit. The total revenue earned in July was Tk300. You received the data for August and observed that the price now in August is Tk28 per unit and the quantity of masks sold in August is 12 units. Calculate the absolute value of Price Elasticity of Demand (PED) for masks from July to August.2. An economist is interested in the variation of the price of a single product. It is observed that a high price for the product in the market attracts more suppliers. However, increasing the quantity of the product supplied tends to drive the price down. Over time, there is an interaction between the price and supply. The economist has proposed the following mode, where Pn represents the price of the product at year n, and Qn the quantity: (a) Explain the significance of the constants 500 and 100 in the proposed equation. (b) Explain the significance of the signs of the constants -0.1 and 0.2. (c) Simulate the system using the following initial conditions (plot the trajectories) and predict the long term behavior of the dynamical system. Po 100 and Qo= 500 • Po= 200 and Qo = 500 ● Po 100 and Qo = 600 Po 90 and Qo = 400 [Pn+1 = Pn -0.1 (Qn - 500) [Qn+1 =Qn +0.2 (Pn - 100) ●
- SMART WATCH HAS CREATED A NEW DIMENSION IN THE MARKET OF WRIST WATCH. THE DEMAND SCHEDULE OF SMART WATCHES CAN BE REPRESENTED USING THE EQUATION Qd=300-50p. the supply schedule of smart watches can be represented using the the equation: Qs=-100+150P SOLVE THIS QSTN FOR ME :) THANKS IN ADVANCEMead Plumbing currently sells thread seal tape at a price of $42.00 per roll. Their research department has derived the price-demand equation as p = 60 -0.02x where x is the number of tapes that can be sold at $p per roll of tape. (d) If the current price changes by 10%, what will be the approximate percentage change in demand? (e) Find the price at which a percentage change in price produces the same percentage change in demand.the following data represents a set do demands that have occurred over the last several years at a soap making company. The data were collected on an annual basis. Year Actual Demand (At) Forecast (Ft) 1 310 2 365 3 395 4 415 5 450 6 465 7 a) using the SIMPLE AVERAGE method to predict the demand for the 7th year b) the SIMPLE MOVING AVERAGE method to predict the demand for the 7th year
