Sally goes to the grocery store each week looking to purchase items that will give her as much utility as possible, given her $100 budget. Last week pears were priced at $4.50 each, and Sally purchased 3 pears. This week pears are on sale for $2.50 each, while all other prices have remained the same, and Sally chooses to purchase 7 pears. Given this information, plot Sally's demand curve for pears. Provide your answer below: %24 This Week (3,$5.5) -4. Last Week (7.5,$3) -2- Price of Pears ($).

Q: If a firm has an accounting profit it must have an economic profit. O True O False

A: Profit = total revenue - total cost

Q: (B). Position T receives rT = 150 clicks per day, positio n B receives xB = 50 clicks per day. There…

A: *Answer:  Second Price Auction Second Price Auction is the auction in which the highest bidder wins…

Q: A lending company advertises that for a fee of P10, you can immediately borrow up to P200 for one…

A: A lender charges a borrower an interest rate that is a percentage of the principal (the amount…

Q: I advise you to graph this problem. If un3% and u-6%, Central bank that uses interest rates should…

A: Here,  Actual unemployment (u):  3% Target (natural) unemployment (u*): 6% The difference between…

Q: Siven the following data for a country A for the year ended December 2021 Items Private expenditure…

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

Q: Elasticity measures Select one: a. The percentage change in one variable in response to a one…

A: The concept of elasticity is very important and is often used by producers to determine the price of…

Q: Article 2 of the Uniform Commercial Code (UCC) applies to goods. Which of the following is not a…

A: The correct answer is given in the second step.

Q: 2. A 6-foot sub valued at $25 is divided among five players (P1, P2, P3, P4, P5) using the last…

A: Introduction A 6 foot sub valued at $25 is divided among five players P1, P2, P3, P4 and P5. a) As…

Q: The following equations describe an economy C = 750 + 0.75Yd | = 350 G = 700 X = 450 IM = 0.1Y T =…

A: Economy refers to managing available resources.

Q: Two firms, each in a different country, sell homogeneous output in a third country. Government 1…

A: Introduction We have given two firms, one is leader and other is follower. Let's start with firm 2…

Q: Given Co = $ 125.00 C1 = 0.3 !! | = $6187.00 G = $5993.00 X = $2100.00 mo = $ 375.00 m1 = 0.1 %3D…

A: Answer: Given, C0 (autonomous consumption)=$125.00c1 marginal propensity to…

Q: Mitchell's money income is $150, the price of X is $2, and the price of Y is $2. Given these prices…

A: Given: Money income=$150 Price of X=$2 Price of Y=$2

Q: An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be…

A: Cost=9000 Scrap value=1000

Q: Wendy's bus ticket and sandwich budget is $2D a week. The price of a bus ticket is $2 and the price…

A: The answer is as follows:-

Q: In 2017, the median price of electric vehicles in the US was 64.300 thousand dollars/car and 199.826…

A: Answer: Given, Price of vehicles in the US in 2017 = 64.300 thousand dollars/car Car sold = 199.826…

Q: Consider the following game Player 2 E N T 4, 4 0, 2 Player 1 M 2, 0 2, 2 3, 0 1,0 a) Find the the…

A: Using the best response method we can find the PSNE and taking positive probabilities p1, p2 and…

Q: The consumption function is a straight-line relationship between consumption and income. O True O…

A: It is a mathematical expression that depicts the link between total consumption and gross national…

Q: You are a convenience store owner and you want to sell a chocolate bar. Its wholesale price is 60…

A: Profit margin is determined by dividing income by revenues to determine how profitable a firm or a…

Q: 4) An engineer takes a loan of 50,000 is to be paid over 10 years with equal monthly payment. The…

A: Nominal interest rate is the interest rate before taking inflation into account, in contrast to real…

Q: The $5-bill in your pocket (Canadian) is: (check all that apply) Select all that apply: O a. A…

A: A 5$ Canadian currency in your pocket act as liquid asset for me, but at the same time a liability…

Q: Generally speaking, how do taxes affect markets? What affect does legal incidence have on…

A: Taxes is the mostly government  as their major source of income.Simply put, they are a tax or fee…

Q: Consider a monopsonist that hires 4.28 units of labor at a wage of 19.26. If the marginal value…

A: The labor supply refers to the total number of hours (adjusted for intensity of effort) that…

Q: A strong form of market efficiency is one where the price of a particular share reflects all, both…

A: This statement is true. A strong form of market efficiency is one where the price of a particular…

Q: Compared to last year, more television sets are being bought while the selling price has risen. This…

A: The direct relation between price and quantity demanded is studied under the concept of the Law of…

Q: Bill's income is $1,000 and his net taxes are $250. His disposable income is Select one: O a. $750 O…

A: After income taxes have been subtracted, disposable income, also known as disposable personal income…

Q: Solve it correctly and not use of excel only formula Q)A man borrowed an amount of P583,875 to bank…

A: Principal amount P=583,875 Rate of interest r=6.204% compounded continuously Maturity date = 9 years…

Q: 1. Suppose there are two firms who are Cournot duopolists (set quantity simultaneously) in the wine…

A: P= 300-0.2Q where Q = q1 +q2 P=300-0.2(q1+q2)

Q: c. National-Income model: Closed economy i. Aggregate expenditure: AE = C +I + G Note: Exogenous…

A: Natinal income is the total factor in ome earned by the country's normal residents in an accounting…

Q: The capital-service account is the section of the account that records the a. Current; income paid…

A: Introduction Capital and current account both are type of balance of payments. Correct explanation:…

Q: The information needed by health care organizations (such as commercial insurers) is often quite…

A: A health information system (HIS) is a healthcare data management system. These systems aid in the…

Q: 2. Let the smoke emitted by a widget manufacturing plant is so bad that the welfare if people…

A: "Thank you for submitting the question.But,we are authorized to solve only 3 subparts.For, the…

Q: How modern macroeconomics is different from traditional macroeconomics?

A: The modern study and analysis of macroeconomics starts with how microeconomics units, consumers and…

Q: If I own Hawkins Savings and Loan, and a customers makes a $8,000 deposit, what is the total amount…

A: Reserve requirement ratio is the portion of total liability which should be kept. Given information…

Q: A coal-fired power plant has upgraded an emission control valve. The modification costs only $10,000…

A: Compound interest, also known as Interest on Interest, is interest that is added to the interest…

Q: ) John consumes two goods, X and Y. The marginal utility of X and the marginal utility of Y satisfy…

A: Th the answer is as follows:-

Q: What is the equivalent annuity starting in year 1 and ending in year 5 for the following project…

A: First need to find the PV or FV and then convert to annual cash flow, also possible to use both…

Q: Brand identity O Is the quantification of a product's sales price O Represents a set of values and a…

A: Brand identity is the noticeable components of a brand, such as a tone, plan, and logo, that…

Q: . If aggregate demand shifts right, what is equilibrium output? d. if aggregate demand shifts left,…

A: The curve that depicts various quantities of goods and services being demanded at various levels of…

Q: lumber mill in BC, Canada cut Canadian trees into ear, but ended in inventory only to be sold this…

A: Below points are to be considered: *Trees were cut in last year. *Sold for $322715 in the current…

Q: The United States can produce 80 fish or 20 chips. England can produce 100 fish or 50 chips. With…

A: Opportunity cost basically refers to the cost of best next foregone. In other words refers to the…

Q: Bedrock Real Estate wanted to produce a film showing that the clichéd downtrodden views of Detroit…

A: The aim of Bedrock Real Estate is to make Detroit residents feel proud of where they live.

Q: Julia runs her own business. Historically, she knows that when she sends emails to customers that 40…

A: There are three events associated with an email X -> emails are never opened. Y -> email…

Q: 5. Suppose your father earned a salary of 15000$ in 2010. If the CPI is 31 in 2010 and 220 in 2022…

A: "Consumer price index CPI represents the average change in prices over time that consumers pay for a…

Q: You are a convenience store owner and you want to sell a chocolate bar. Its wholesale price is 60…

A:

Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…

A: Since you have provided multiple subparts questions, we will solve the first three subparts for you.…

Q: Trout farming is a perfectly competitive industry and all trout farms have the same cost curves.…

A: The answer is as follows:-

Q: What are the fundamental issues in the economic approach to environmental issues?

A: Environmental economics refers to a sub-field or branch of economics concerned with environmental…

Q: When you take a vacation and keep cash with you in case you might need it, money is serving as a:…

A: Money is anything that fulfills the purpose of the medium of exchange, i.e., accepted as a means of…

Q: Which statement regarding Canadian immigration is false: Ontario has been the main destination of…

A: Immigrants in Canada have increased over the years.

Welfare Analysis

Welfare analysis of the society is related to welfare economics. From the economic point of view former welfare economics refers to that subject which uses the techniques of microeconomics to analyse and evaluate the welfare at the economic or aggregate level.