Three examples of people over 15 years of age, not participating in the labour force are and 19

Q: Question 3 A monopolist faces the demand curve P = 18-Q, where P is measured in rands per unit and Q…

A: Given, P = 18 - Q Average cost = R6 per unit TR = P*Q = 18Q - Q^2 MR = 18 - 2Q TC = AC*Q = 6Q MC = 6…

Q: Find the time required for an investment of 5000 dollars to grow to 8500 dollars at an interest rate…

A: As given information Present worth = 5000 Future worth = 8500 Interest rate = 7.5% per year…

Q: Jack Sparrow and his wife consume wine (W) and books (B). Jack Sparrow's utility function is…

A: Answer -   Pareto Optimal Allocation :- It is the allocation where both the individuals present in…

Q: competitive firm's marginal costs always increase with output then at the profit maximising output…

A: A competitive market is one where there are various makers that contend with each other in desires…

Q: H3. Which of the following statements is true regarding the Federal Reserve? Group of answer choices…

A: Answer: The Fed was engaged in pro-cyclical policies till the late 1980s and was ineffective.…

Q: The iarline industry is best classified as monopolistically competivie, oligopoly, competitive or…

A: Answer: Oligopoly: in an oligopoly, there are a few large firms. The firms have enough market power.…

Q: maintain as many excess reserves as possible make loans to the least credit worthy borrowers violate…

A: Bank reserves are the money essentials that monetary establishments should have available to meet…

Q: agan American currencies (Canadian dollar and Mexican pesos) on 31/12/2021. It also presents the…

A: An investor is always concerned about the real rate of return which he earns on his investment…

Q: A company is considering purchasing a machine for manufacturing that costs $30,000. The salvage…

A: Answer: The economic life of a machine will be the one for which the EUAC is minimum. The EUAC is a…

Q: In an expansionary phase (prosperity cycle) of the business cycle we would expect to see…

A: Expansion is a term used in economics to describe an upward trend in the business cycle marked by…

Q: QUESTION 2   a)                    Assume that you borrow $30,000 to purchase a new automobile and…

A: Given; Amount borrowed= $30000 Interest rate; r= 4% Time period; n= 4 years

Q: Statement1: Domestic airlines are exempt from VAT on their transport of passengers Statement2:…

A: VAT, or Value Added Tax, is a government-imposed tax on the sale of goods and services to consumers.…

Q: Assume perfect competition: Price: $54 Cost: TC = 6Q + 0.03Q2 Solve for the profit-maximizing…

A: Perfect Competition's profit maximizing quantity is at  P = MC

Q: The iron triangle means there are inevitable trade-offs between the three key aims of welfare…

A: An iron triangle basically refers to a term used to describe the interaction that occurs between…

Q: Amanda has a 9 year old beagle named Lexi that tore her ACL. Amanda values Lexi at about $1,000. The…

A: The degree to which market prices represent all accessible, relevant information is referred to as…

Q: Empirical evidence has highlighted noticeable income convergence across difference regions in the…

A: Solow model of long run growth propounds that in the long run economy achieves a steady state in…

Q: GRADUATE STUDIES Practice Question 1 The table below shows the demand for a product produced by a…

A: A monopolist is a single firm in the market with no close substitutes.

Q: A country can use a combination of monetary and fiscal policies to stabilize or control their…

A: The two most well-known mechanisms for influencing a country's economic activity are monetary policy…

Q: . Suppose we have the following information: utility function U=XY; I=200; Px=5 and Py=10. The…

A:

Q: Assume perfect competition: Price: $61 Cost: TC = 9Q + 0.03Q2 Solve for the profit-maximizing…

A: As given information P = $61 TC = 9Q + 0.03Q2 Assume that perfect competition , in the perfectly…

Q: In the international financial market, countries that have surplus of funds lend to other countries…

A: International financial market is one of the form of global market where people from different…

Q: How China became the production center of the world? Explain using Comparative Advantage theory of…

A: A country's comparative advantage in economics is its ability to manufacture a specific product or…

Q: An increase in the demand for MP3 music indicates that more is A) demanded because sellers are…

A: Demand curve shows a negative relationship between price and quantity demanded. It slopes downward.

Q: 1. Aurora wants to give her daughter Mara a financial gift on the latter's college graduation two…

A: With the help of given information we have Present worth = 2000 Future worth = 5000 Time = 2 years…

Q: D Quantity nd curve and marginal private and social cost curves nt of Figure 9 are two circular red…

A: Externality implies to spill-over effect of a goods or service on third party which is not…

Q: If the marginal propensity to save is 0.25, and the government increases its purchases of goods and…

A: The economics as a study is based upon the idea that the resources which are present with the…

Q: A monopolist demand is D = P = $40 - $.25Qm; AC = MC = $5. The profit-maximizing price (P) and…

A: Ans. A. $22.5, Q = 70.        Under the monopolist market, the firm would choose the price and…

Q: The tax cuts of 2017 increased the 2018 disposable income of households by roughly $200 billion. If…

A: The marginal propensity to save (MPS) is the percentage of additional income that is saved rather…

Q: Discuss, in detail, the two types of income elasticity and substantiate the type of income…

A: There are two types of income elasticity as mentioned below: Positive Income Elasticity:  An…

Q: Which of the following is true of an unregulated market for barbecue if its production creates…

A: There is an external cost of production of barbecue.

Q: Consider the table below: Q MC TR MR AR-P 0 0 0 10 1 900 900 1200 1200 $1200 2 1600 700 2100 SKOO…

A: The markets are the place where the buyers and the sellers tend to interact and meet with each…

Q: rtment store sells 184 units per mont certain large bath towel. The unit hase cost of a towel to the…

A: Economic Order Quantity, has one name Economic Purchase Quantity, here the order quantity that…

Q: 4. (10%) "Imports act as an automatic stabilizer in an open economy.' Is this statement correct?…

A: PLEASE FIND THE ANSWER BELOW.   OPEN ECONOMY: An open economy is a type of economy where not only…

Q: In countries with a negative natural increase rate, such as former states of the Soviet Union, the…

A: The rate of natural increase (RNI), generally known as natural population change in demography, is…

Q: 9. In the game played in the class, "Guess 2/3 of the average", assume there are 3 students, each…

A: Introduction Each players names as integer between 0-100. Each player chooses best response to other…

Q: The difference between between exports and imports of goods/services forms the current account of…

A: Balance of payments is the statement of transactions of a country trade with rest of the world.…

Q: Number of people Component (millions) Total population 246 Working-age population 207 Not in the…

A: Labor force participation rate is the percentage of working age of population that is part of the…

Q: V 1st attempt Assume that people in the economy have adaptive expectations. If the inflation rate…

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: PRICE (Dollars per unit) 200 180 160 140 120 100 S 44 40 20 0 H B 00 ++D +o H K 0 20 40 60 80 100…

A: The extent to which demand adjusts to a change in another economic factor, such as price, income…

Q: Consider the Republic of Ashbury and apportion 250 seats among the five states using Webster…

A: we using the following formula for solving,  Standard divisor:=TotalPopulationTotal Representative…

Q: C = 0.8(1 – t)Y I = 900 - 50i G = 2,000 t = 0.25 L = 0.5Y 125i M P = $1,500 Task 5. Solve for the…

A:

Q: What has been the impact of the Supreme Court ruling in  Citizens United v. Federal Election…

A: The Supreme Court of the United States is the country's highest court. It is the judicial branch of…

Q: Suppose that a firm is producing in the short run with output given by: Q=64L-L² The firm hires…

A: Answer; The firm should optimally use 31.44 units of labor.

Q: 8. Using policy to stabilize the economy The government has the ability to influence the level of…

A: Stabilization policies are framed by the government for the management of economic fluctuations.

Q: Refer to the graph shown of a profit-maximizing monopolist: $100 $90 MC $80 $70 $60 $50 Price, cost,…

A: A monopolist is a person having a monopoly in the market.

Q: Pancraziland is an open economy, whose official currency is the pound. At the end of 2019, it had a…

A: A net international investment position (NIIP) measures the gap between a nation's stock of foreign…

Q: 5. Given the following cost expenditures (see Table P6.3) for a small bridge job to include direct…

A: The overall funding requirement is defined as the cost stated in the cost baseline. Also included…

Q: Exhibit 7.5 Cost per unit q Refer to Exhibit 7.5, which shows four short-run average cost curves for…

A: Average total cost refers to total cost per unit of Output. It is a U shaped curve. It initially…

Q: Suppose over time that a firm's production process undergoes capital-saving technological progress.…

A: When the economy's steady state growth rate is independent of the age structure then such situation…

Q: A government monument is being built that is expected to last forever. The first cost is $7,000,000.…

A: Below I attached complete answer