Question 3 The lottery is a fair gamble Ⓒ True O False

Q: How might imperfect information impact price? Group of answer choices Because buyers cannot…

A:

Q: What is the difference between economic profit and accounting profit? What is a normal rate of…

A: A profit is the difference between the revenue that an economic entity has received from its outputs…

Q: Consider the following game (anachronistically) called the battle of the sexes. Two brothers, Shahid…

A: We have given the game called the battle of sexes. Row player = Jamil  Column player = Shahid Let…

Q: Tom leases a farmer's field for $80 a day and grows melons. He pays students $90 a day to pick…

A: Given, Leasing price = $80 per day Payment to students = $90 per day Capital leasing cost = $40 per…

Q: Spotify and Netflix are the services that are characterized with specific features. Based on Figure…

A: The two concepts mentioned in the illustration are related to public/private deities. Excludability…

Q: Real GDP per hour worked, YIL $40 ic 8 60 Production function, Production function, Production…

A: Production function denotes the relationship between the real output and the quantity of resources…

Q: 7. Differentiate between the following terms: c) Purchasing power parity and interest rate parity.…

A: Purchasing power parities (PPPs) are the rates of currency conversion that try to equalise the…

Q: 3. Explain in details whether the underlined part of statement is true or false In a monopoly…

A: The monopoly market is characterized by the presence of single firm. The single firm is price maker…

Q: Determine the exact simple interest on P1,000 for the period from January 10 to October 28, 2005 at…

A: Principle = 1000 r = 12%

Q: The maintenance on a machine is expected to be #7804 for the second year and an additional 1,750…

A:

Q: Why is a monopoly inefficient? Question 6 options: because the cost of increased production is less…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…

Q: Venezuelans organize to overcome food shortages The government of Venezuela controls the price of…

A: A price ceiling refers to the quantity supply being less than the quantity sought because a price…

Q: Kindly find the remaining values and writ the comments on the results?

A: The remaining values can be found using the following formulas Arc elasticity is calculated by…

Q: . Can you do anything to reduce the number of people in the following categories? If so, what?

A: Frictional unemployment defines the number of people unemployed as a result of dropping from one job…

Q: 2. In the shadow of the 2008 financial crisis, economists in 2010 were debating whether the…

A: Recession is teh situation where economy experiences the slowdown for 3quarter or for short term .…

Q: .Functions of central bank 2. Methods used by central bank to control money supply in the economy

A: The Central Bank is the prime bank of any economy since without it there would exist no institution…

Q: Suppose an economy can be represented by the following table, in which employment is in millions of…

A: GDP measures the monetary value of final goods and services—that is, those that are bought by the…

Q: Consumers have Select one: a. no variety of options of goods under perfect competition b.…

A: Perfect competition refers to the market where large number of buyers and seller exist in the…

Q: A project with an infinite life has the following details: Initial cost $6 million Annual operating…

A: A capitalized cost is an expense added to the cost basis of a fixed asset on a company's balance…

Q: 2. Copy and paste the following data into Excel: P $224.00 $212.80 10034 $210.56 10569 $209.14 10902…

A: Price   Quantity  224.00 9344 212.80 10034 210.56 10569 209.14 10902 206.08 11030…

Q: Y4

A: A consumer price index estimates changes in the value level of a weighted normal market basket of…

Q: a. From 2015-2020, in how many years was the CBO too optimistic (underestimating the deficit)? b.…

A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…

Q: h6

A: At equilibrium,  MPLMPK=wr given, w=256 and r=200.

Q: 3. The Federal Reserve's organization There are 7 members of the Federal Reserve Board of Governors.…

A: When talking about the Federal Reserve, it is the Central Bank and the highest monetary authority of…

Q: The table below shows the payoff matrix for a game between Toyota and Honda, each f which is…

A: At the point when a market is in equilibrium, the price of a good or administration will in general…

Q: For the demand function D(p),complete the following. D(p) = 90 − 3p (a)Find the elasticity of demand…

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in…

Q: Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any…

A: Tax revenue means the income earned through taxation by the government.

Q: Conduct an analysis of market structures: Are perfectly competitive markets and their outcomes more…

A: In this case, we have to compare market structure. Now we have to compare two market structures- one…

Q: true or false quickly

A: The term “labor force participation rate” shows the percentage of all individuals of working age are…

Q: 10.. In general, economists do not like monopolists because they: A. Don't innovate enough. B.…

A: in perfect competitive market:- 1) in perfect competitive market, there are many number of sellers…

Q: What are the influences on buying plans that change demand, and do these influences increase or…

A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…

Q: 46. A certain construction company wants to replace an equipment, 5 years from and it will cost PHP…

A: Given information Interest rate=8% compounded quarterly Replacement cost after 5 year=PHP550000000…

Q: 22 595 25 20 15 10 O P COUNTRY 1 s1 IP d1 0 3 6 9 1215182124 INTERNATIONAL MARKET 25 20 15 10 5 P S2…

A: A net welfare gain alludes to the effect of an administration strategy, or a choice by firms, on all…

Q: how do you find total fixed cost?

A: Sellers must incur costs while producing goods and services by making a variety of factor payments…

Q: Suppose a CEO is considering acting as a monopolist, where she could earn 4,662,376 in profits,…

A: Given  "CEO is considering acting as a monopolist and she could earn 4,662,376"  The probability of…

Q: What is the difference between economic profit and accounting profit? What is a normal rate of…

A: As per honor code, we’ll answer only one question at a time , we have answered the first question…

Q: Suppose that Congress caps executive pay at a level below the market equilibrium. The graph shows…

A:

Q: Carrie is 21 years old and had just graduated from university. She wants to find a job in the hotel…

A: The measure that depicts individuals who are employable currently and also have been seeking a job…

Q: The average annual cost of damages caused by floods at Dona Rosario Village located along Butuanon…

A: Given, Estimated cost = P700,000  Initial cost = P2,500,000  Maintenance cost = P20,000  Interest =…

Q: Discuss the various sources of public debt and explain in detail their relationships and effects in…

A:

Q: When applied to a public good, 'non-rival' means that Select one: A. Consumption of the good by one…

A: Public goods are those goods which are usually provided by the government to the people. These goods…

Q: Suppose Firm A and B have formed a cartel. and . The market demand is MCA 10+ QA = MCB = 4 +QB Qd =…

A: Marginal Cost of Firm A and Firm B: MCA=10+QA MCB=4+QB Market Demand: Q=36-P   [Q=QA+QB] Inverse…

Q: The graph shows the marginal private benefit from a dentistry degree and the marginal cost of…

A: externality is defined as the consumption or production done by any party, which effects the third…

Q: 6. Given the following hypothetical example, complete the computations. Given: MPC=0.8, required…

A: A) If spending falls by $100 billion, the government should implement an expansionary fiscal…

Q: A steelmaking plant pollutes the air and water so ... O A. the marginal private cost of producing…

A: Answer to the question is as follows:

Q: What are the equations for the consumption, net exports, and aggregate expenditures functions?

A: Given  Y C I G Net export X $100 $120 $20 $30 $10 $300 $300 $20 $30 -10 $500 $480 $20 $30…

Q: Suppose the economy reaches equilibrium GDP at $1,250,000 while potential GDP is at $1,500,000.…

A:

Q: 5   List the types of policies that can lead to a current account deficit

A: Answer to the question is as follows:

Q: 12

A: The wealth of the consumer or the producer refers to the current endowment along with the future…

Q: The following data is provided for a PPP project.     To the People   To the Government…

A: To find the conventional Benefit /Cost ratio we use the formula - B/C ratio = AW of Benefits  - AW…