Externalities A) can be either benefits or costs.

Q: What is a leading economic indicator? Provide two example

A: There are different economic models and theories through which an individual can better understand e...

Q: . Which of the following is not a way that the United States government attempts to control the grow...

A: Economic growth and inflation Economic growth refers to a throughout a period of time, a rise in the...

Q: what is Circular flow of production units?

A: circular flow model Lets understand this concept with an example:- In this circular flow model ther...

Q: Last year Rattner Robotics had $5 million in operating income (EBIT). Its depreciation expense was $...

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

Q: How can the business sector affect the economy

A: Business Sector of the economy involves manufacturing, production, buying and selling of products an...

Q: 1. The following model is a simplified version of the multiple regression model used by Biddle and H...

A:

Q: You are to share with the audience examples of domestic and international movement of goods. Provide...

A: Introduction Suppose 300 cases of pharmaceutical products has produced by Pfizer. One box is equal t...

Q: ill this last foreverr

A: Economic Rent : Economic rent can be defined as income derived from ownership or control over a limi...

Q: The coconut oil demand function (Buschena and Perloff, 1991) is Q = 1,200 - 9.5p + 16.2 pp + 0.2Y, w...

A: Put p=45, Pp=31 and Q=1,275 in Q = 1,200 - 9.5p + 16.2 pp + 0.2Y to get Y: Q = 1,200 - 9.5p + 16.2 p...

Q: In the short run, a rise in the federal funds rate shifts the a. AD curve leftward. b. SAS curve...

A: When product or any kind of service is manufactured, cost  takes place and process of business follo...

Q: Describe one type of negative market externality with a forest as it relates to climate change. Expl...

A: a) Environmental or forest related externalities, such as natural resources or public health, are ex...

Q: With the inflation rate on the vertical axis and output on the horizontal axis, the long run aggrega...

A: The long-run aggregate supply curve is vertical because output is independent of the inflation rate....

Q: Demarcus is planning to purchase a piece of property that he anticipates will cost $455,000 in 6 yea...

A: Given, Future Value= $455000            Rate of interest= 7%            Time= 6 years

Q: Suppose a researcher has designed a set of questions to evaluate consumer satisfaction with a produc...

A: The questions that has been asked are not directly observable. Using people's perception about those...

Q: Suppose that the following Cobb-Douglas utility function is given U(X,Y) = X³y/2, Which of the follo...

A: Marginal rate of substitution refers to the ratio of marginal utility of two goods.

Q: Use the figure to select all the correct statements. B Q1 Q2 Q3 Q4 Q5 Q6 DA. The distance between Cu...

A: Answer -

Q: Suppose that the University of Alabama and Clemson are making spending decisions for theupcoming yea...

A:   Meaning of Decision Theory under Nash Equilibrium: The term decision theory refers to the situatio...

Q: Which of the following statements is CORRECT? O a. The real interest rate is equal to the nominal in...

A: Answer is given below

Q: Which of the following will increase our current inflation rate it O a. None of the answers are corr...

A: Answer is given below

Q: Newspapers reported that median income Increased by 4.2% and at the same time visits to the museum h...

A: Answer is given below

Q: In Plant Design, one is required to compute for one time-independent and one time-dependent market i...

A: Answer -

Q: By selecting a bundle of good X and good Y where MRS = MRT, the consumer is saying A) "I value my ...

A: MRS & MRT The marginal rate of transformation (MRT) basically refers to how many units or quanti...

Q: Marginal cost-benefit analysis and the goal of the firm Wendy Winter needs to determine whether the ...

A: Calculating Wendy's decision: 

Q: FIGURE 13.2 Efficient Sustainable Yield for a Fishery Benefits and Costs of Fishing Effort (dollars)...

A: 1. For a given fish stock, the maximum sustainable yield (MSY) refers to the highest annual catch th...

Q: Educational equality exists when schooling produces the same __________ for lower-class children and...

A: Education equality refers to the similar level of opportunities and knowledge for all the people irr...

Q: Imagine that you lease an apartment for $900 a month. The market price for that apartment has increa...

A: Equilibrium Price Equilibrium price refers to a price level at which market demand is equal to the m...

Q: Charlie has a project for which he had determined a present worth of $56,620. He now has to calculat...

A:

Q: Why will profits for firms in a perfectly competitive industry tend to vanish in the long run?

A: A perfectly competitive industry is where there are many buyers and sellers there exist no barriers...

Q: Question 10: Consider the following cash flow profile and assume MARR is 12%/year. End of Year 1 2 3...

A:

Q: A competitive firm's supply curve is identical to its marginal cost curve. True or false? Briefly ex...

A: A perfectly competitive market refers to the market in which a firm charges the same price is equal ...

Q: Suppose the market demand for a product is given by this inverse demand equation P = 100 - 2Q^D. Fur...

A: Answer: Given, Inverse demand function: P=100-2QDInitial quantity demanded Q1=40 unitsSo,Initial pri...

Q: Question 23, P1-1 (similar to) Part 1 of 4 Liability comparisons Nerissa Smith has invested $25,000 ...

A: Introduction Nerrisa smith has invested $25,000 in northeast production company. If the firm has ban...

Q: “How to allocate limited resources in an efficient way (as emphasized in an introductory economics c...

A: limited resources - The term limited resources specifies that a country has limited amount of capita...

Q: Collective rights is a concept that prioritizes the welfare of society over:     Group of answer cho...

A: Collective rights is held by a group of people rather than the individuals of the group. So it  prio...

Q: Consider Everglades National Park and assume that entry is free to all visitors. Let the value of a...

A: The equilibrium number of trip will occur where the marginal benefit of a trip is equal to the margi...

Q: 17) If Qs = -50 + 10p, and Qd = 400 - 20p, what is the equilibrium quantity? A) 25 B) 146.6 C) 360 D...

A: Demand curve shows an inverse relationship between price and quantity demanded while supply curve sh...

Q: A monopolist operates under two plants, 1 and 2. The marginal costs of the two plants are given by M...

A: The marginal costs of the two plants are given by MC1 = 20 + 2Q1 MC2 = 10 + 5Q2 Since, Q = Q1 + Q2 I...

Q: al producer and 10 million tons are imported. The steel producer produces 10 million tons of steel a...

A:

Q: Do you think that the taxicab industry in large cities would be subject to significant economies of ...

A:

Q: If a competitive firm finds that its average variable cost is decreasing at its current profit maxim...

A: There are many buyers and sellers in the perfectly competitive market. Single firm can not influence...

Q: unexpected inflation is better for whom and why? O If you are a lender, because it reduces the value...

A: Inflation is the increase in average price level of goods and services produced in the economy.

Q: Suppose MPL = 0.5 ∗ (q/L) and MPK = 0.5 ∗ (q/K). In the long run, the firm will hire equal amounts o...

A: MPL and MPK are the marginal productivites of labor and capital. Each firm produces the good with th...

Q: Economic profit is

A: To find : What is economic profit 

Q: PROBLEM IV. Consider an industry consisting of two firms (i = 1,2) that are engaged in a Bertrand pr...

A: Let's first learn that what is actually collusive pricing. It is said to be a scenario when few comp...

Q: Consider a firm that is indifferent between shutting down and continuing to operate in the short run...

A: Given that, Market price = $50 Total cost = $600 Average fixed cost = $10 We have to find revenue of...

Q: If the average cost (AC) of producing a good is increasing as a firm produces more output (q), then ...

A: Total cost is the sum of variable cost and fixed cost.

Q: efer to the above table . The model will produce ( operate ) in which of the following outcomes : O ...

A: Answer is given below

Q: The short run ASTI curve showing the relationship between inflation rates and: Central bank monetary...

A: The short run Aggregate supply curve is  upward sloping which reflect that the producers are willing...

Q: Why might a firm have monopoly power even if it is not the only producer in the market?

A: The ability of a company to set the Price of a product is known as market power. Monopoly power is a...

Q: Consider two firms with the following marginal abatement costs (MAC) functions: MAC1 = 25 - E1 MAC...

A: Externality refers to the condition where a certain entity is affected due to another completely unr...