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Q: You take $100 from your bank and spend all of it at A's store. A spends 90% of the 100$ at B's s...

A: A one-dollar increase in the monetary base causes the money supply to increase by more than one doll...

Q: Despite initial barriers,barcodes have spread globally. What does this imply about differences in ec...

A: Barcodes are the business standards being used for the visual capture of information in business and...

Q: Another term for incremental costs?

A: A producing agent incurs costs on the procurement of factors of production such as raw materials, la...

Q: tea producer company has 24 different products in the market, each are produced in one of the 3 fact...

A: The average demand, in this case, can be assumed to be D and the price be P. the demand function whi...

Q: Consumption function is given as below. If Y= 91, what is the marginal propensity to consume (mpc)? ...

A: The provided consumption function is: C=1200-72009+Y

Q: If income is $1000 and consumption expenditure is $1200 then find the average propensity to save.

A: The provided information are: Income (Y) = $1000 Consumption (C) = $1200  

Q: Case Study India ranked 8th in size of trade-deficit The tenure of the previous government, from 201...

A: a.Likely reasons for trade deficit in india are decrease in exports and increase in imports.indias e...

Q: Analyze how much Pakistan’s GDP and each of its components is affected by the following transactions...

A: The dinner purchased by Atiya will increase Personal Consumption Expenditure by 100 and so, increase...

Q: Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products...

A: A market is a place where the buyers and the sellers meet and interact with each other through volun...

Q: Explain why falling birthrates mean that we are not likely to run out of natural resources.

A: Natural resources refer to the resources that exist without any actions of humankind. It includes su...

Q: Problem 5:  The local government in Karachi is considering two tax proposals: A lump-sum tax of R...

A: Tax- it a charge imposed by the Govt on a producer or an individual Lump – Sum Tax- it is paid once ...

Q: What assumptions about a rival’s response to price changes underlie the kinked-demand curve for olig...

A: The oligopoly market is one where some firms control the availability to the market. The market has ...

Q: Suppose Marcus produces chocolate with two inputs: factory and labor. If the workers become more pro...

A: If the workers become more productive due to the training provided to them, the output would also in...

Q: Following figure shows the market demand and supply curves of olive oil market in Malta. Answer the ...

A: The figure given above shows the demand and supply in Malta. The Equilibrium price and quantity in d...

Q: Which situation would most likely cause a nation's production possibilities curve to shift i...

A: Production possibilities curves are used to represent the trade-off that occurs between the differen...

Q: what is an efficient market hypothesis?how is it useful in business valuation and analysis?

A: Efficient market hypothesis. In efficient market hypothesis,market price is considered of high value...

Q: Most scalping laws make it illegal to sell—but not to buy—tickets at prices above those printed on t...

A: The prices of ticket tends to be higher in the illegal secondary market because of the higher costs ...

Q: Suppose that the CPI does indeed overstate the rate of inflation. When the CPI increases by 5% and h...

A: Real income- The income of individuals or nations after adjustment for inflation. Real income= Nomin...

Q: Explain the differences between constantcost, increasing-cost, and decreasing-cost industries.

A: As the new firms enter the market, they increase the demand for production factors to produce goods ...

Q: If a government runs a budget deficit of $10billion dollars each year for ten years, then a surplus ...

A: The deficit accumulated after 10 years of budget deficit will be: budget deficit=10×10=$100 billion ...

Q: The total cost equation for producing X widgets is given by TC = $1,000 + $6X. The marginal cost per...

A: Answer: Given, Total cost function: TC=$1,000+$6X Calculation: To calculate marginal cost, derivate ...

Q: It is preferred to perform after-tax economic justifications. True or False?

A: Economic justification is the burden of proof for the necessity of automation of projects and also t...

Q: Do you think continued inflation is a demand-side phenomenon or a supply-side phenomenon? Use diagra...

A: Inflation is the situation when the general price level in the economy rises and leads to possible d...

Q: What is the government's role workplace safety regulations

A: Workplace safety regulations are essential for the safety of workers and to prevent their exploitati...

Q: Explain the impact of interest rate change in a bank income and net worth

A: The bank is the financial intermediary of the public funds. The bank takes the deposits of the savin...

Q: The global pandemic 2020 has promoted a race to capture the market for introducing effective vaccine...

A: Profits are maximum at such quantity where marginal revenue is equal to marginal cost

Q: Number of Fruit Baskets TFC TVC TC MC $50 $0 $50 1 50 10 60 10 2 50 15 65 50 21 71 6 4 50 31 81 10 5...

A: When the market price of the fruit basket is $22, then the Exotic fruit should sell 6 fruits baskets...

Q: The CPI equals 1.00 in year one and 1.40 in year two. If the nominal wage is $3000 in year one and a...

A: Answer: Given, CPI in year 1 = 1.00 CPI in year 2 = 1.40 Nominal wage in year 1 = $3000

Q: Discuss briefly whether zero interest rate policy is advantageous or disadvantageous to economy.

A: Zero interest rate lowers the cost of borrowing and people take more loans and as a result capital f...

Q: The model of competitive markets relies on these three core assumptions: 1. There must be many b...

A:  A market is competitive when there is large buyers and sellers selling homogeneous goods and there ...

Q: Give three causes of global poverty. 5 sentences each 3 causes.

A:   Meaning of Poverty: The term scarcity or poverty refers to the situation under which the economic ...

Q: In a neoclassical (Solow) growth model, does a decrease in the savings rate permanently affects the ...

A: 4 ) In a  Neo-Classical growth model ( Solow Model) . Assumptions: 1. two factor labor and capital ,...

Q: Where does a buyer, who has no experience with a given supplier, gather the requiredinformation?

A: In a market for a particular good, an equilibrium in the market is efficient when the buyer and sell...

Q: Economic

A: Compound interest is the addition of interest being made to the principal sum of a deposit or loan.

Q: A service counter manager wishes to ensure that an average of 16 seconds toserve a customer. In orde...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: COVID-19 all around the world has restricted the economic activity. To stop the spread of the virus ...

A: Pakistan has recessionary situation.Therefore,money supy would have to be increased ino rder to incr...

Q: Why might a movie theater charge a lower admission price for the first show on weekday afternoons th...

A: Demand for a commodity is the desire backed by the ability and the willingness to pay for the commod...

Q: Explain and illustrate the Heckscher-Ohlin Model of trade.

A: Hecksher-Ohlin Model of trade explained about the specialisation of trading countries. 

Q: To test the effectiveness of a two Web advertising agencies, you increase your ad purchase with agen...

A: The difference in difference is a type of method which is used to know the position or difference in...

Q: In pure competition, the demand for the product of a single firm is perfectly         elastic becaus...

A: In the ‘pure competition’ there exist large number of sellers. The products cannot be differentiated...

Q: What is the government's role public schools for k-12

A: k-12public schools regulations are curriculum based.Government has to manage the curriculum of vario...

Q: Define social cost.

A: The private cost is the cost which is incurred by the producer to purchase the factor of production....

Q: Which of the following would be most likely to shift the production possibilities curve to the right...

A: The production possibilities curve(PPC) depicts the mix of consumer and capital products that a nati...

Q: There are the three reasons why aggregate demand is downward slope: real wealth effect, interest rat...

A: Aggregate demand is the total demand for the final goods and services that are produced in the econo...

Q: Write down the strategic form game for the Mugging game shown.

A:  Game strategy   Resist Do Not Resist Gun & Show 3,2 4,5 Gun & Hide 3,2 5,4 No Gun ...

Q: A value curve shows what type of information for a product concept? a. The value of the product over...

A: Value Curve- It is a diagram which shows as to where value is being created by a product or a compan...

Q: The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged...

A: (i) We know that, Price elasticity = Percentage change in quantity demanded/ Percentage change in pr...

Q: There are three firms, A;B; and C that produce electricity. The first two firms have the same per-me...

A: Firms A,B and C produce respectively 1,2 and 3 cubic feet of carbon monoxide per megawatt of ectrici...

Q: Question attahed in image

A: Flexible inputs refer to the process of production that can be easily substituted by and for other i...

Q: What is legal economy

A: A market where there is a one seller in the market is known as the monopoly. The seller of the monop...