If a change in the price of a product results in no change in total revenue, what must be the case?    A. The demand for the product must be inelastic.  B. The demand for the product must be unit elastic.  C. The demand for the product must be elastic.  D. The demand for the product must be revenue inelastic

Q: 3. In Country X, the mid-year population at time 1 was 20,000,000 and the mid-year population at tim...

A:

Q: . A consumer has  ·100 hours of time to allocate to either labor or leisure ·A real wage w=50 ·Divid...

A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...

Q: 4. Suppose co = 0 and c1 = 70, 000. Is insurance at coverage level z > 0 fair insurance? What covera...

A: 4.  For any z>0, the cost of insurance is C(z)=70000z The expected value of payout is given by P(...

Q: Rogue Industries reported the following items for the current year: Sales = $3,000,000; Cost of Good...

A: Gross profit is the profit a business makes after subtracting all the costs that are related to manu...

Q: 1. Assume this game is played 2 times and there is no discounting. The whole payoff for two periods ...

A: Given information 2 players : Player 1 and Player 2 Player 1 has 2 strategy={A,B} Player 2 has 2 str...

Q: Draw the indifference curves when: i) X is fake news or hoax, Y is journalist’s work winning the Pul...

A: An indifference curve is a graphical representation of two goods' combinations in which are utility ...

Q: )Which of the following are many managers concerned about as a result of increased government partic...

A: When the authorities tend to play an important role through providing more facilities is known as an...

Q: Calculate the price index number from the following data by simple aggregative method. Commodities A...

A: Answer is given below    

Q: What would be the absolute value of the elasticity if demand is inelastic?    A. greater than 1  B....

A: Elasticity of demand refers to the degree of responsive of a good or a service to change in its dete...

Q: Each of Player 1 and Player 2 chooses an integer from the set {1, 2, ..., K}. If they choose the sam...

A: Given information There are 2 players Player 1 and player 2 Both can choose set of integer {1,2,--,K...

Q: During a particular year, farmers experienced a dry weather. If all the other factors remain constan...

A: To find:  During a particular year, farmers experienced a dry weather. If all the other factors rema...

Q: An overnight loan granted by a bank to another bank to meet the daily bank reserve required by the c...

A: In the banking sector, there are different types of exchange occurs between banks, bank and public, ...

Q: The table below represents national macroeconomic data for Year 1 and Year 2. Year Y K N 1 3200 1800...

A:

Q: QUESTION 10 Suppose that the capital stock depreciates. Which picture best represents the change in ...

A: In the labor market, there are various determinants that affects the demand or supply of labor, such...

Q: 6. Discuss the following statement: "Real GDP has decreased for two quarters in a row; we definitive...

A: The gross domestic product of an economy is generally calculated by using the expenditure approach o...

Q: INSTRUCTION: SHOW YOUR COMPLETE SOLUTION AND HIGHLIGHT YOUR FINAL ANSWER. 1. Nikki deposited an amou...

A: Given that, P = 150,000 It earns 845.53 on maturity date after deducting the 20% withholding tax on ...

Q: 5. The coach of a high school football team decides to allow girls to play football on the same team...

A: The problem relates to the subject of economic ethics and behavioural economics.

Q: (a) (i) Define “expansionary fiscal policy” using above Malaysia budget 2022article. (ii) Explain th...

A: Fiscal policy refers to government measures used to stabilise the economy, specifically by manipulat...

Q: The table below represents national macroeconomic data for Year 1 and Year 2. Year Y K 1 4000 1500 X...

A: K and N are two factors of production used to produce  output, Y x= 109

Q: what is the postive and negative in the role of radio in the media globalization

A: When talking about globalization, it is the economic term that is used to explain the opening of the...

Q: QUESTION 8 The real interest rate OA is always positive B. can be positive or negative C. automatica...

A: The real interest rate mainly depends on the inflation rate. By the formula, it can be represented a...

Q: I.          Two firms, Tac-Burger Ltd. and Back-rib-Burger Ltd., use the same technology to produce ...

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

Q: 62. Under Marginal utility analysis, utility is assumed to be a A. O Cardinal concept B. O Ordinal c...

A: Marginal Utility analysis assists us with understanding the conduct of a shopper by checking out the...

Q: Under the FLSA, states are preempted from requiring a higher minimum wage than the federal amount. ...

A: For employees in the private sector, as well as federal, state, and local governments, the Fair Labo...

Q: Jesse's utility function is given by U(L, C) = C(L+8). There are 16 hour in a day. His wage is $10/h...

A: GIVEN   U ( L , C ) = C ( L + 8 )  MRS = L + 8 / C  

Q: 7) The market demand curve for a homogeneous product is given by p=70-Q where Q is the total quantit...

A: In economics, the marginal cost is the change in the total cost that arises when the quantity produc...

Q: 1. When the price of the underlying financial instrument exceeds the exercise [strike] price of a ca...

A: 1. When the price of the underlying financial instrument exceeds the exercise [strike] price of a ca...

Q: According to a 2016 article in the Wall Street Journal, “After years of relative equilibrium, the jo...

A: The labor market illustrates how the demand and the supply of labor determine the equilibrium wage r...

Q: What is the opportunity cost involved in moving from point B to A? Production possibility curve Shoe...

A:   Meaning of Production Possibility Frontier: The term production possibility frontier refers to the...

Q: explain market based structure and explain your reason.Provide an example that will explain broadban...

A: Quantity of labour can be influenced by two factors which are number of workers and other factor is ...

Q: In Japan, from the 1990s to the late 2000s, the interest rates fell to very low levels. However, thi...

A: (Q) In Japan, from the 1990s to the late 2000s, the interest rates fell to very low levels. However,...

Q: what are two issues with the Law associated Dodd-Frank

A: Dodd-Frank Law: A summary of government guidelines, essentially influencing monetary organizations a...

Q: What is the Human Development approach to growth in developing countries? Also, briefly explain the ...

A: HDI which is the abbreviation of Human Development Index is a statistical composite index of life ex...

Q: In GDP calculation, contrast the way durable consumption goods (e.g. a car) are treated relative to ...

A: Durable are defined as a category of those consumer goods which do not wear out quickly and last for...

Q: pls solve this ques within 10-15 minutes in clear handwriting I'll give you multiple upvotes.

A: The answer is given below

Q: Pls help with below homework, dont copy answer from chegg. How does rising organic composition of ca...

A: The "organic composition of capital" is defined as the ratio of the value of the materials and fixed...

Q: Part (a) In Japan, from the 1990s to the late 2000s, the interest rates fell to very low levels. How...

A: Answer A) In Japan, the country's interest rate is fell very low from 1990 to the 2000s and failed t...

Q: Explain and diagrammatically illustrate the impact that the Covid-19 -pandemic induced restrictions ...

A: Pandemic causes loss of human capital in almost every nations . It  badly impacted  economically and...

Q: 2. Which of the following statements is (are) correct? (x) If the coefficient of cross-price elastic...

A: Cross elasticity of demand is an economic concept that determines how responsive the quantity desire...

Q: Consider a consumer with a medical bill of $1,000. He has a $250 deductible and a 10 percent coinsur...

A: Medical bill = $1000 Deductible = $250 The co-insurance rate is 10 percent on all expenses over $250...

Q: (Please refer to the attached image.) 1. What is the message in this cartoon? 2. Does the cartoon s...

A: Job of media is to report the truth with facts and evidences.  However, sometimes they are put under...

Q: Task 2: State of the World Economy Perform online research and write a short essay on the state of t...

A: In present state of world economy is encountering the the recovery phase from the bad and deep impac...

Q: What is the meaning of market response and data release in market consensus  Give an example of each

A: Market response Market response models are designed to assist academics and managers in better under...

Q: Moving down a linear demand curve, what happens to the slope and the elasticity?

A: A normal demand curve is usualy a downward sloping curve from left to right. The elasticity of deman...

Q: CAUTION: MANY PRODUCTS MAY NOT BE EFFECTIVE ON ROADRUNNERS The table below gives data on costs for t...

A:   Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses ...

Q: Consider the following cost function: C= 0.3q3 - 6q? + 90q + 100. When output is 18 units, average c...

A: Given: The cost function is: C = 0.3q3 - 0.6q2 + 90q + 100 To Find: The average cost when output is...

Q: 4 players (Ale, Boris, Cate, David) are on the reality show. The prize is 4 gold coins. Each coin ca...

A: Given information 4 players Alex, Boris, Cate, David there are 4 coins to share among 4 players shar...

Q: Suppose that you want to make a deposit into your account now such that you can withdraw an equal am...

A: Given information: Cash flow for the 1st five years = BD300 Cash flow for next three years = BD600 I...

Q: Discriminating monopoly is possible if two markets have

A: To find: Discriminating monopoly is possible if two markets have  

Q: Name  ways one can improve their lives financially

A: 1. Have a emergency fund to cover 6 months of expenses.  2. Have a high savings rate.  3. Invest in ...