If the cost of producing Good A falls, this will cause A) an increase in the market price of Good A. B) a shift in the supply of Good A. C) a shift in the demand for Good A. D) none of the above
Q: 2. The liquidity of an asset is A. the ease with which you can sell the asset. B. the speed at whi...
A: The economies around the globe tend to face a limit to the amount of resources which they have. This...
Q: on 1 When a society cannot produce all the goods and services people wish to have, it is said that t...
A: Note:- “Since you have asked multiple question, we will solve the first question for you. If you wan...
Q: Macroeconomists are interested in two types of phenomena: economic growth and business cycles. Expla...
A: When talking about macroeconomics, two primary phenomena that are analyzed by macro-economists are e...
Q: 1. In order to ingratiate himself with voters, the mayor of Gotham City decides to lower the price o...
A: A price ceiling is a type of price control set up by the government so that no producer can charge a...
Q: QUESTION 5 Using the table below, calculate total consumer surplus for Beanie, Mitch, and Frank if t...
A: Consumer surplus, also known as buyer's surplus, is the economic measure of a customer's excess bene...
Q: A known phenomenon in everyday life is that often in a purchase situation there is a deviation betwe...
A: Answer-
Q: Engineering Economics: Makulay ang Buhay Corporation have agreed to shoulder the funds needed for ro...
A: In the question above, it is given that : Makulay ang Buhay Corporation have agreed to shoulder the...
Q: Question 21 What would happen to the equilibrium price and quantity of lattés if coffee shops began ...
A: We can see the given question.
Q: would the equity and efficiency effects of raising the minimum wage to $20/
A: Raising the legal minimum wage should, in theory, benefit both the representative and the loser. Ent...
Q: (a) Identify a recent antidumping case that was brought before the WTO. (b) Identify the nations, p...
A: The GATT of 1994 establishes a number of fundamental rules that apply to trade between WTO members, ...
Q: Draw the circular flow model and in your own words, discuss the operation of capitalism.
A: The circular flow of income refers to that model of the economy in which the exchanges are represent...
Q: Mergers have been an important part of the airline industry. Have they been successful?
A: A merger is an agreement that brings two current businesses together to form a new one. There are va...
Q: Even if labour markets were perfectly competitive, income would be unequally distributed because ...
A: In perfectly competitive labour market, the distribution of income is majorly depends on the level o...
Q: Why would good quality second hand cars withdraw from the market? Use economic theory to discuss thi...
A: The used-car industry is frequently used to explain the consequences of imperfect information. In th...
Q: 7 Suppose the following model describes the relationship between annual salary (salary) and the numb...
A:
Q: Explain whether each of the following statements describes a change in demand or a change in quanti...
A: Change in demand implies the change in clients wants to purchase a specific item on the lookout and ...
Q: An example of a fiscal policy designed to increase real GDP is a. a cut in taxes. b. an increase in...
A: Fiscal policies are designed to influence the aggregate demand, which further leads to affect the gr...
Q: 4. Show on a diagram how an individual may seek to smooth their consumption over their lifetime. How...
A: * ANSWER :- (4) Based on the given information the explanation is as follows.
Q: In 3–5 sentences, explain 2 causes and 2 effects of the stock market crash of 1929
A: Stock prices plummeted 40% in late October 1929 when the market collapsed. The 1929 stock market cra...
Q: 1. DOES CONSUMER SURPLUS GO UP OR DOWN? 2. DOES PRODUCER SURPLUS GO UP OR DOWN? MPCO (So) 3. COMMENT...
A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only ...
Q: student plans to deposit P1, 500 in a bank now and another P3, 000 for the next two years. If he pla...
A: Amount after n years is written as : A = P(1+r)n Here, A = amount after n years, P = Value deposited...
Q: Question 17 Figure 3: Production possibilities frontier baneries bagels Refer to figure 3. Which of ...
A: Which of the following events would explain the shift of the production possibilities frontier from ...
Q: Define the population from which the sample is to be drawn. Specify the population frame from which ...
A: Sampling in economics is the process or method in which a part of the population commonly termed as ...
Q: An object is sold in a first-price auction – thus, the highest bidder wins the object and price is e...
A: Given information There are two players: Odd Bidder(Player 1) & Even Bidder (Player 2) Strategie...
Q: The price elasticity of demand measures which of the following? A) how responsive the quantity deman...
A: Enterprise is carried out by entrepreneur and therefore enterprise would be occupationally mobile if...
Q: Which of the following are true regarding the law of diminishing marginal utility? The more a person...
A: The marginal utility derived from each additional unit decreases as consumption increases, according...
Q: Adverse selection occurs because of A) spreading of risks. B) diminishing marginal utility. C)...
A: Adverse selection occurs because of imperfect information, when the seller have information about th...
Q: Production Function. Consider the Cobb-Douglas production function discussed in class: F(K, L) = AK^...
A: Given; Production function; F(K,L)=AK1/3L2/3 where; A= 1 K= 150 L= 10 Y=1(150)1/3(10)2/3 =1(5.313...
Q: A chemical manufacturer uses chemicals 1 and 2 to produce two drugs. Drug 1 must be at least 80% che...
A: Let the chemical 1 and 2 used for drug 1 be x and y respectively and chemical 1 and 2 used for drug ...
Q: What are the direct and indirect economic impacts related to air transportation and how do they diff...
A: We know that, The Air transport hàs become one of the world's most important industries. As a màjor ...
Q: Civil Society Organisations (CSO) differ from corporations. How would these organisations (CSO and p...
A: Any non-profit, voluntary citizens' group organised on a local, national, or worldwide level is refe...
Q: Explain whether each of the following statements describes a change in demand or a change in quanti...
A: There are various determinants that affect the demand for the good. Non-price determinants lead to a...
Q: A coupon bond with a face value of $1200 that pays an annual coupon of $200 has a coupon rate equal ...
A: A coupon is the interest payment received by a bondholder from the date of issuance to the maturity ...
Q: YAS = 1548 + 19P – 12Poil YAD = 412 – 33P+ 26G Suppose initially, the Poil = $86 per barrel and gove...
A: Goods market in equilibrium when aggregate demand and aggregate supply are equal to each other at ce...
Q: Q.1.2 Should a measure of wealth be included in the consumption function and, if so, what should tha...
A: Consumption is process of using the resources available to you . It gives you some amount of utility...
Q: Paul loves hot drinks, and he has a part of his weekly budget earmarked for buying them. In the diag...
A: Indifference curve is defined as the curve which shows various combinations of two goods which provi...
Q: or has just finished a cup of coffee. He is sitting in his bus on his scheduled lunch break. He thro...
A: Answer - "Thank you for submitting the questions But, we are authorized to solve one question at a t...
Q: The table contains information on the price per month and the monthly demand and supply of online mu...
A: The equilibrium quantity could be identified when quantity demanded equals to quantity supplied that...
Q: 6. (See week 5 Autumn Term) Assume you can work as many hours you wish at £12 per hour (net of tax)....
A: ANSWER Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not wor...
Q: Suppose that Kat likes arrows and food. Kat's potential indifference curves for these two goods are ...
A: An indifference curve is used to explain the law of diminishing marginal utility that applies to alm...
Q: Which of the following is NOT part of the opportunity cost of attending university? A) The alt...
A: Opportunity cost is defined as the benefit an individual or business misses while choosing some othe...
Q: 1. Consider the following 2 person game H M H 0,3 3,0 3,0 M 2,0 | 0,2 2,0 L 1,0 1,0 0,1 (a) Are ther...
A:
Q: Lorena uses her income to consume two goods. Originally, she was consuming at point (a), but then go...
A: The budget line is a graphical representation of all possible combinations of the two commodities th...
Q: 2. "It would be misleading to use GDP as an index of social well-being." Explain the reasoning behin...
A: Gross domestic product of a country is the market value of all final commodities and services that a...
Q: the real interest rate is 2% and expected inflation is 3%, the nominal interest rate is O-1%. 1%.. 6...
A: Given information, Real interest rate: 2% Expected inflation rate: 3% To find: Nominal interest ra...
Q: The amount $101 is available to be paid out to two players. The players must make simultaneous claim...
A: Nash equilibrium is an idea in game theory where each member in a noncooperative game can streamline...
Q: Willingness and Ability to Purchase Person (Dollars) Andrew 520,000 Beth 510,000 Lorenzo 750,000 Neh...
A: Given: Minimum selling price=$575000
Q: Use the table to answer the questions. Assume firms pay all profits out to resource owners, there is...
A: The total financial or market value of all finished merchandise and services made within a country's...
Q: Panel a Panel b price price Pe Ре Pe' 1. Pe' D D' Qe Qe' quantity Qe' Qe quantity Refer to figure 6....
A: Demand in economics means the willingness of consumers to buy different amounts of goods and service...
Q: Illustrate the appropriate change and specify whether each change represents an increase or a decrea...
A: If a product or service appears to be similar enough to another to be considered a substitute or sub...
If the cost of producing Good A falls, this will cause
- A) an increase in the market price of Good A. B) a shift in the supply of Good A.
- C) a shift in the demand for Good A. D) none of the above
Step by step
Solved in 2 steps
- 8) If the cost of producing Good A falls, this will cause A) an increase in the market price of Good A. B) a shift in the demand for Good A. C) a shift in the supply of Good A. D) none of the aboveExplain any 5 (five) factors that will lead to a decrease in supply of a goodWhich of the following increases the supply of a good? A) The price of a complement in production decreases. B) Productivity improves. C) Producers expect higher prices for the good in the future. D) Prices of inputs used to produce the good rise. E) The number of producers decreases.
- A rise in the price of a substitute in production for a good leads to A) an increase in the supply of that good. B) no change in the supply of that good; instead there is a change in the quantity supplied. C) a decrease in the quantity of that good supplied. D) no change in either the supply or the quantity supplied of the good. E) a decrease in the supply of that good.Give one reason for decrease in supply of a goodWhy is equilibrium the best guideline for pricing a product? A. It is the best way to set the price without knowing the market demand. B. It is the only way to know for certain that you will not end up with a surplus of product. C. It is a number-based agreement between customer and producer to set price versus demand.
- Does a huge supply of a product lower or higher the price of a product?For a particular good, a 10 percent increase in price causes a 15 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good? A. There are no close substitutes for this good. B. The good is a necessity. C. The market for the good is broadly defined. D. The relevant time horizon is long.An increase in the price of good X will mostly cause what kind of change? a shift of the demand curve a shift of the supply curve a movement along the same demand curve a movement along the same supply curve either a movement along the same demand or supply curve either a shift of the demand or supply curve
- Q.1.9 An increase in the cost of flour used to bake bread is most likely to; (a) decrease the demand for bread.(b) increase the supply of bread.(c) decrease the supply of bread.(d) increase the demand for bread.For a particular good, a 12 percent increase in price causes a 24 percent decrease in quantity demanded. Which of the following statements is most likely applicable to this good? a. The good is a luxury. b. There are not many substitutes for this good. c. The relevant time horizon is short. d. The market for the good is broadly defined.Which of the following will not cause a good’s entire demand curve to shift? Group of answer choices: (A) A change in consumers' income. (B) A change in consumers' tastes or desires for the good. (C) A change in the availability and price of substitute goods. (D) A change in consumers' expectations. (E) A change in the current price of the good.