rhe most significant real economic cost of high unemployment is: a) the potential goods and services that might have been produced but weren't b) the money cost of retraining persons to obtain new jobs c) lost tax revenue that might have been paid by persons

Q: Which of the following production functions does NOT exhibit constant returns to scale? a. Y =…

A: Constant returns to scale occurs when we increase the inputs by a constant, say t, and output…

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A: The relationship between the money market and the goods market is explained by the IS-LM model. The…

Q: (Figure: Market for Bread) Which of the following graphs shows what will happen in the marke bread…

A: The supply curve depicts the positive relationship between price and quantity supplied, keeping…

Q: The following graph shows the market for loanable funds in a closed economy. The upward-sloping…

A:

Q: An economy's consumption function is depicted in the table below. Disposable Income (Y) ($ billions)…

A: total expenditure is the sum of consumption plus investment

Q: CBS is selling advertising for its broadcast of the AFC championship game. The station’s demand for…

A: Marginal cost is the change in total cost that is obtained from production of an additional unit.…

Q: The tightness of the labor market is defined as: number of employed worker per filled job number of…

A: Introduction  The labor market, also known as the job market, refers to the supply of and demand for…

Q: YouTube 55 47 3 Maps & Updates | Schoology 50 60 Calculus 70 MC Q The above graph shows an ink…

A: Short-run costs are critical for understanding economic costs. A short run cost is a cost incurred…

Q: A recent government study reported that a college degree is worth an extra Php 35680 per quarter…

A: Given,  i = 6% i.e 0.06  n = 40 years  Extra amout per quarter = Php 35680

Q: What is the present equivalent of a uniform series of quarterly payments of $4,500 each for 4 years…

A: The present worth of the cash flow series means computing the value when t = 0 at a specified rate…

Q: 5. Suppose the production function is given by Q=f(L, K) = employed, Answer the following questions:…

A: Given information: Q = 5L1/2K1/2---------------> Production function Where Q is quantity; L is…

Q: What is the elasticity of demand at Q = 500 when the demand equation is P = 1000 - Q? Recall that,…

A: Elasticity measures the responsiveness of quantity demanded with respect to the price of the…

Q: Question Match the term to its correct definition. Column A 1. 2 3. 4. 5. 6. O a b nt) What happens…

A: a) Column A shows terms of International trade , which are defined in column B.

Q: As more of a good, such as television sets, is produced, the opportunity costs of producing it…

A: The three fundamental problem any society faces is: (i) The wants of people are unlimited (ii) The…

Q: A computer company produces affordable, easy-to-use home computer systems and has fixed costs of…

A: We have data, of costs for a firm along with the level of production. Where the Fixed cost is $250…

Q: When does the supply of loanable funds increase? The supply of loanable funds increases when…

A: Financial institutions acts as intermediaries between the lenders and the borrowers . The deposits…

Q: The pink tax refers to the phenomenon where government taxes feminine products such as tampons and…

A: 1. The government could subsidize feminine products so that they are more affordable for women.  2.…

Q: 3. The price index for the current year is 180. This means that, on average, prices in the current…

A: Inflation is the increase in price level over the years.    Change in price (Inflation) = Change in…

Q: an increase in the CPI from 200 to 225 would indicate an annual rate of measured inflation o -3% b.…

A: The annual rate of inflation could be measured by the following formula: Inflation Rate =…

Q: Consider two different pairs of goods: a. Sunscreen and bug spray b. Hot dogs and hamburgers Which…

A: Goods are tangible items that exist in an economy and can be sold or purchased for a certain amount…

Q: If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than…

A: Opportunity cost is the cost of the foregone next best alternative.

Q: What happen to the economy of the Philippines when Filipino people mostly unemployed

A: A person is said to be unemployed when he or she is actively looking for job at prevailing market…

Q: Lawrence has a marginal tax rate of 24%. He suddenly realizes that he neglected to include a $5,000…

A: Tax Deduction is defined as the claims that are made to reduce our taxable income, arising from…

Q: Classify each of the following based on the macroeconomic definitions of saving and investment.…

A: Investments are made when capital assets are bought to produce the goods and services, which means…

Q: An index number that measures a basket of related items is called?

A: The Consumer Price Index (CPI) is a computation of the average change over time in the prices paid…

Q: The rate of return to bonds should be near equal to the equilibrium interest rate in the credit…

A: The equilibrium interest rate arises at a point where the quantity of money demand is equal to the…

Q: The government might be encouraged to finance its debt through seigniorage because: a. printing…

A: Seigniorage refers to the difference between the cost of producing a unit of currency and its market…

Q: A closed economy, have collected the following information about the economy for a particular year:…

A: Introduction: Savings: The term savings refers to the earnings that are not spent and it is being…

Q: nterest Rate Qty. supplied Qty. demanded 5% 130 170 6% 135 150 7% 140 140 8% 145 135…

A: A market where savers and borrowers interact for loans to purchase homes is called loanable funds…

Q: At the start of May, you purchased some shares in Apple (a US company) for $US 43.87, and hedged…

A: Shares are a type of financial instrument that represents the equity ownership in a business firm or…

Q: What are fixed factors of productions? Explain with example

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: A consumer has to choose the optimal amount of cheese and crackers to purchase. He or she has drawn…

A: The budget constraint shows all the combinations of the items and services that can be purchased by…

Q: Suppose the Parliament passes legislation making it more difficult for firms to fire workers (an…

A: Natural rate of unemployment refers to the unemployment rate towards which economy tends to move in…

Q: brium price will ablished. develops at the original price. and equilibrium quantity will as a new…

A: Supply A basic economic notion called supply refers to the total amount of a particular commodity…

Q: Suppose you’re evaluating a new project costing 125 and yielding an expected payoff of 75 for the…

A: The Capital Asset Pricing Model (CAPM) is a model that describes the relationship between the…

Q: The following table contains data for a hypothetical closed economy that uses the dollar as its…

A: Here we are given various components of aggregate demand (like consumption demand, investment demand…

Q: heighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for $13, a…

A: A consumer surplus happens when the price consumers pay for an item or service is not exactly the…

Q: 4. The Laffer curve Government-imposed taxes cause reductions in the activity that is being taxed,…

A: Laffer curve shows the relationship between the tax and tax revenue.  It is the graphical…

Q: Use the graph to the right for Yolanda's Frozen Yogurt Stand to answer the questions that follow.…

A: An elastic demand is one in which the change in quantity demanded because of a change in price is…

Q: To understand the differences in global trade operations in comparison to those carried out between…

A: In the business environment the globalization and nationalization are often considered being…

Q: When the demand for a product is perfectly in elastic, a price increase will result in____ what is…

A: Perfectly inelastic demand means any small change in price does not lead to a major change in the…

Q: The function C(x)=−24x+1936 represents the cost to produce x items. What is the least number of…

A: Here we are given the total cost function. Dividing that by the number of units we will get the…

Q: The Time of Payment of Claims provision requires that an insurance company pay Disability Income…

A: The Time of Payment of Claims provision requires that an insurance company pay Disability Income…

Q: Find the backwards-induction outcome for the following game. L R 2 R'

A: The backward induction method is used to calculate the equilibrium point in the sequential game.…

Q: 1. What notation do we use for the backwards-induction outcome?

A: Backward induction is the process of figuring out the best course of action by thinking backwards in…

Q: If you know that with 8 units of output, average fixed cost is $12.50 and average variable cost is…

A: Average fixed cost us the fixed cost divided by quantity    Average variable cost is the variable…

Q: Assume that fixed costs are $50, labor is the only variable input and its costs are reflected…

A: Using the following formulas, we can calculate the table as follows:   Total Cost=Total Fixed…

Q: The interest rate is 6 percent a year and you expect to receive $1,000 next year and the following…

A: Given interest rate = 10 % Amount to be received next year = 1000$

Q: An engineer buys a piece of lot for P350000 down payment and 10 deferred semi annually payments of…

A:

Q: country can only produce either 5 units, 10 units or 15 units. The total production of the two…

A: The Nash equilibrium is a decision-making theorem within game theory that states a player can…