the price of tomatoes fell from $45 a ton to $35 a ton and quantity sold increased from 300 tons to 420 tons. What is the value

Q: Explain the term “crowding out” giving five examples of “crowding out” effects.

A: Crowding out effect The crowding-out effect is an economic hypothesis that claims that when interest…

Q: 3. Consider the following table that presents the labour requirements for production in the East and…

A: Given, Labor requirements for production in the West and East (labors hours per unit of output):…

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Q: Suppose two consumers, Jack and Suzy, have identical utility functions defined for pencils (P) and…

A:

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A: Profits are maximised when marginal revenue equals marginal cost or when the difference between…

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Q: Ms. Jones wants to make 10% nominal interest compounded quarterly on a bond investment. She has an…

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Q: Instructions: Analyze and answer the following questions A US Company plans to sell farm equipment…

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Q: What are the weaknesses of Alibaba Group: The Rise of a Platform Giant?

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Q: Explain how the relationship between elasticity of demand for the product and labor would affect…

A: The elasticity of labour demand measures how responsive labour demand is to changes in wage rates.…

Q: Assume equations 1 and 2 below were estimated from the data gathered that will represent the demand…

A: Introduction We have given demand and supply function. Demand function: Qdx =  65,000 – 11.25Px +…

Q: A firm has a production function QL,K=100L0.4K0.6 with a cost function CL,K=5L+30K. What is the…

A: Q(L,K)=100L0.4K0.6 C(L,K)=5L+30K w=5 r=30 Q=1000   MPL=dQ/dL=0.4(100)L-0.6K0.6 MPL=40L-0.6K0.6…

Q: what political, economic, religious and other social factors influence population policy

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Q: A present amount of 5300 is invested into an account, which can be withdrawn after the end of 12.8…

A: The equivalent uniform annuity would be equivalent to growing annuity when both present value are…

Q: 1. Assume a nco-classical aggregate supply model with both long run and short run aggregate supply…

A: Short-run alludes to the time-frame in which the makers need more opportunity to change every one of…

Q: Use the price-demand equation below to find the revenue function. Sketch a graph of the revenue…

A: It is possible to derive the total revenue function from the demand function.

Q: (a) Some argue that excessive disposal of waste/litter in international waters occurs due to poorly…

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Q: Annual demand is 42,626 units/year. Ordering Cost is $52/order. Holding cost is $5/unit/year.   What…

A: The annual demand is 42,626 units/year The ordering cost is $52/order Holding cost is $5/unit/year

Q: Consider the demand curve P = 200 - Q facing a monopolist. The monopolist's cost function is given…

A: "A monopolist maximizes profits at a point where marginal revenue equates marginal cost."

Q: )The graph below shows the marginal revenue, marginal cost, and average total cost at different…

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

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

A: Market price of fish = $25Maximization of profit occurs at 200 units  Average total cost =…

Q: 4B. Which one(s) of the following functions v(x, y) = 2r°y – 100, w(x, y) = 3(x + y) + 120, t(x, y)…

A: Ordinal utility function has a same preference if Slope of both utility function same that means…

Q: Question 3 Which of the following is not an example of a barrier to entry? Group of answer choices…

A: Barriers to entry are defined as factors that can prevent new firms to enter the industry to limit…

Q: what is the benefit of offshore banking to clients

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Q: As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

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Q: Include correctly labeled diagrams, if useful or required, in explaining your answers. A correctly…

A: Dear student, you have asked multiple sub-part questions in a single post and have not mentioned…

Q: The short-run price elasticity of demand for gasoline is 0.5, and the long-run price elasticity of…

A: Price elasticity of demand is a device in economics that measures the reaction of amount demanded to…

Q: discussing factors of production. How would you determine the demand for a factor of production?…

A: Factors of production:- a) Capital. b) Land. c) Labor. a) The demand for a production factors is…

Q: Suppose that the elasticity of demand for BMW cars equals -2 in Germany and equals -3 in the U.K..…

A: Elasticity of demand: - Elasticity of demand measures the responsiveness of change in demand due to…

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A: the elasticity of demand is one in which the adjustment of the quantity demanded because of an…

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Q: Maroons Medical Supplies, Inc. must order masks from its supplier in lots of 1 dozen boxes. Given…

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Q: III. In a particular very small region, the consumer price index, C, depends on the current value of…

A: We are going to use growth theory concept to answer this question

Q: Using an AD/AS diagram, demonstrate what happens when consumers decide to spend more?

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Q: The consumption function for a closed economy with no government sector is given by the equation: C…

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Q: If marginal utility is declining but still positive, total utility is increasing.  True or false…

A: The utility is the satisfaction received from consuming a good or service.

Q: John is maximizing utility when consuming two goods, French fries and hot dogs. If the marginal…

A: Utility Maximization is the situation where a consumer spend his all income on goods that maximise…

Q: The aggregate change of consumption, Ċ(t) and the aggregate change of the capital stock, K(t), are…

A: We are going to find steady state capital and consumption to answer this question.

Q: Is it true, as many people claim, that taxes assessed on producers are passed along to consumers?…

A: Taxes are obligatory contributions levied by a government agency on people or companies. Taxation…

Q: Indicate whether each of the following examples of behavior is consistent with the way the…

A: The model that depicts processes of the economy through the variable sets and sets of relationships…

Q: function,  C(q) = q2/2 + 2 for q > 0 and C(0) = 0. The demand curve for this industry is Q = 170 -…

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Q: would you be able to finish the remaining blank slots?

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Q: Suppose a consumer's utility function is given by U(X,Y) XY. Also, the consumer has $720 to spend.…

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Q: What role does the European Council play in the politics of the EU? In your opinion, is the European…

A: Introduction The European Council brings all together politicians of the European Union to determine…