Typically, the largest percentage category in the consumer price index (CPI) is O a) food and beverages. b) transportation. Oc) education. O d) housing. e) medical care.
Q: If inflation is increasing and you expect it to continue to the future then you will want to O Spend...
A: Inflation is the sustained increase in the general price level of goods and services in an economy...
Q: What are the different measures used by the government to control unemployment? How does Philip's cu...
A: The economics as a study is based upon the basic idea of scarcity of resources. The scarcity prevail...
Q: why is it important to learn the criticism of global city?
A: A world city is also known as a "global city." It is a node in the global economic network that is a...
Q: A5
A: Poor communication can lead to disaster in any aspect of life. In the workplace setting, poor comm...
Q: How a moderate leftward shift in the supply curve is going to affect total revenue generated at a ma...
A: please find the answer below.
Q: Impact of an exogenous increase in world ings a. sav- b. Impact of increased business uncertainty
A: S-I shows market for savings and investment. Equilibrium in this market occurs where savings is equa...
Q: The following net transaction accounts and cash reserves at the Federal Reserve have been documented...
A: a. The average is calculated by summing up the net transaction and dividing it by the number of days...
Q: Lawmakers must decide on government budget fast: will they prioritize increasing budget for the Depa...
A: In the above question, it is given that : Lawmakers must decide on government budget fast : They wil...
Q: in your own words or understanding what is global city?
A: When talking about global city, it relates to the place that is open to trade with different cities ...
Q: Question 7 According to the production model, what happens if there is an increase in total factor p...
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...
Q: In macroeconomics, how can you tell when someone has worked too hard or too little during a period ...
A: Introduction inflation generally mean that prices becomes high and purchasing power becomes low, in ...
Q: Sue has $200 to buy supplies for her computer. The two items that she needs are printer ink and comp...
A: A budget line is a straight line that slope downwards and consists of all the possible combination o...
Q: uestion 33 One shortcoming of the official unemployment rate is that it O a) is unreliable because i...
A: Labor force is the sum of people who are employed and people who are unemployed.
Q: The quantity demanded of frozen strawberries decreased from 1,800 to 1,550 when the price of fresh s...
A: Cross elasticity of demand refers to the percentage change in quantity demanded of one good due to ...
Q: Question 2 · Thanh decided to go to university. If Thanh goes to college, he will spend $80,000 on t...
A: Given; Thanh's tuition fees= $80000 Rental room cost= $15000 Cost of books= $4000 If he hadn't gone ...
Q: 3. Suppose that as the income level increases by 10% that the quantity demanded of that same item in...
A: Income Elasticity is the responsiveness in quantity demanded to the change in income level . And th...
Q: A couple decided that for every child that will be born to them they will place a deposit in the ban...
A: At the 18th birthday the child will receive the amount of P300,000. This implies, F=300,000 rate of...
Q: Which of the following situations could give rise to an increase in TFP? Select all that apply The l...
A: Answer is given below
Q: The graph above represents a bilateral transboundary pollutant and the economics of reaching an agre...
A:
Q: Question 5 Rational Ignorance tells us that politicians look for issues that benefit whose costs are...
A: Rational ignorance: If we consider the example of voting then in order to give votes and choose good...
Q: The demand for a product is likely to be more elastic: A. when a product is a necessity. B. the less...
A: The elasticity of demand shows the responsiveness of change demand with the changes in prices. When ...
Q: Problem and Application 2.1 The market for pizza has the following demand and supply schedules: Pric...
A: Here, the given table shows quantity demanded and quantity supplied of pizza at different price leve...
Q: The definition of Game Theory is: Game Theory is a field of mathematics that analyzes strategic-inte...
A: As mentioned above , A game is a situation in which the outcome is determined by the acts of two or ...
Q: Calculating GDP with the exenditure approach and income approach... O..gives the same result ..can g...
A: GDP measures the market value of final goods and services produced by an economy during a given peri...
Q: Draw a demand curve for lattes. Label it. Next question Price (dollars per latte) Use any prices and...
A: The curve that depicts various quantities of goods being demanded by consumers at various levels of ...
Q: Which one of the following is the definition of 'normal output? Select one: O a. Output that is cons...
A: Output is the resultant of a production process.
Q: C2. | Consider a closed demand-determined economy with fixed prices and wages. Consumption depends p...
A: Slope of IS curve is determined by taking goods market equilibrium equation in the form of Y in term...
Q: The price of a product is initially $10 and 200 units are sold per day. The price elasticity of dema...
A: Given; Initial price= $10 Initial quantity= 200 units Price elasticity of demand= -0.8 Increase in s...
Q: Tasty Inc. sells table salt to both retail grocery chains and commercial users (e.g., bakeries, snac...
A:
Q: A young engineer borrowed P10,000 at 12% interest and paid P2,000 per annum for the first 4 years. W...
A: Simple interest depends on the chief measure of an advance or the first store in quite a while accou...
Q: Suppose the market demand functions for apples an bananas are respectively Qdle = 2500 – 300Papple +...
A: Given Demand function of apple Qdapple=2500-300Papple+200Pbanana ... (1) Papple=5.00 and Pba...
Q: Compute the economy's GDP using the expenditure approach. Assume that all transactions are 2019. C X...
A: Hector spent for the maintenance of his car P 70,000 per month will be considered Consumption = P ...
Q: A series of uniform accounts over an infinite period of time. Depreciation Annuity O Perpetuity Infl...
A: Depreciation refers to the rate of decline of capital stock. Annuity refers to a stream of income fr...
Q: Which of the following correctly describes imperfect information? Select the correct answer below: a...
A: Imperfect information is a part of asymmetric information and it leads to market failure.
Q: E A D D2 Do Quantity Refer to the figure. Using the graph above, a movement from point A to point in...
A: Movement along the demand curve:- The movement of the demand curve indicates the variation in price ...
Q: 1. Use the information below to answer question 1: %AM = 5 %AV = 1 %AY = 3 i= 4 %AP' = 6 NX = -100 C...
A: 1) According to the Quantity Theory of Money (QTM): M*V=P*Y where: M=Money Supply V=Velocity of cir...
Q: Question 38, Katherine was laid off from her job 11 months ago. After searching for a job for months...
A: Labor force is a sum of number of people employed and number of people unemployed.
Q: which statement is correct Moving production from a high-cost producer to a low-cost producer will ...
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...
Q: Give an example of how the profits change from the short run to the long run for a firm in a perfect...
A: Since you have asked multiple question, we will solve the first question for you. If you want any sp...
Q: During which period was the U.S. economy in a contraction? a) 2005-2008 O b) 2000-2004 Oc) 2001-2005...
A: The business cycle depicts the frequent changes in the economy of the country. It shows an increase ...
Q: Countries in a customs union must agree on common: ¨ a. languages in which they communicate. ...
A: A customs union is a contract between the two or more bordering countries to lower or eliminate trad...
Q: which statements are true Harold is willing to pay $25 and Maude is willing to pay $18 for a steak ...
A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the qu...
Q: If a country was growing at a rate of 4% per year how long would it take that country to double its ...
A: According to Rule 70: The number of years to double = (70 / Annual growth rate) Note: If the annual ...
Q: Consider the following Economy: Price of Apples Quantity apples Price oranges Quantity Oranges Time ...
A: Real GDP is the GDP that is measured in base-year prices. Base Year=Year 2 Real GDP in Year1= Quanti...
Q: which statement is correct If a good is not being produced by sellers with the lowest cost, then th...
A: Profit Maximization level: The level of production that maximizes the profit of the firm or the leve...
Q: Consider the following strategic form gam L M R 2,4 1,2 0,1 D 1,0 1,1 3,3
A: E(U) = 2q1 + 1q2 + 0(1-q1-q2) (Strategy 1) E(D) = 1q1 + 1q2 + 3(1-q1-q2) E(U) = E(D) 2q1 + 1q2 + 0 ...
Q: A U.S. Based company has a short-term cash balance of USD 10 million. The company intends to invest ...
A: Current spot rate = 1.6971 Forward rate = 1.6950
Q: Assuming that the MPC is 0.80, calculate the value of the government expenditures multiplier.
A: Given:- MPC=0.80 To calculate:- Government expenditure multiplier=? Please find the image attached b...
Q: Question: This specifies that an action that could benefit more people and more subject should be ac...
A: The term "common good" can refer to something that is shared and beneficial to all or most members o...
Q: ISO 14001 can be applied to any organization in any sector. For instance, a public administration or...
A: 1 True ISO 14001:2015 can be used in any organization, and it would be regardless of any size, type ...
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Sven runs a daycare for some of the neighborhood children, where he earns $300/day inrevenue. He runs the daycare out of his home, for which the mortgage costs $3,000 per month($100 per day). Each day, Sven spends $50 on food, diapers, and other supplies. He also hassome toys and playground equipment that originally cost $500, but which he wouldn’t getany money for reselling today. Sven looks after all the children himself, so he doesn’t pay anymoney in labor costs. If he weren’t busy with the daycare, he could earn $120 per day as aprivate nanny. What is Sven’s daily economic profit from the daycare? (Select one from below) (a) $300: Economic profit is equal to revenue.(b) $180: That is his revenue minus opportunity cost.(c) $150: That is his revenue minus input cost.(d) $130: That is his revenue minus variable cost.(e) $50: That is his revenue minus accounting cost.(f) $30: That is his revenue minus economic cost.(g) $0: In the long run, all firms must make zero profits.(h) –$200:…] Suppose that a football team is holding tryouts for various positions. A certain playertries out for both offensive line and defensive line. He ends up making the team as an offensivelineman. However, he is actually better at the defensive position. He is puzzled by this so he asksthe coach to explain. What do you think the coach told the player? Relate this to an economicconcept or concepts we have discussed.Piper Gene Munster, the person responsible for a survey dedicated to Apple in which he " found" out an estimated number of IPhones that were sold, has come up with yet another interesting theroy. According to Munsterand the past-week Apple announcement about 1 million IPhones sold, the calculations take to the conclusion that after the price cut,the sales increased up to 200%... By Munster's reckoning, Apple and AT&T were selling an averageof 9,000 IPhones a day before the price reduction, which would have put their quarterly sales at 594,00 as of September 5. By the end of the quarter, he believes Apple will have sold a total of 1.28 million Iphones. What was the price elasticity of demand for IPhones in 2007 prior to the price reduction if the percentage change in price was 40%?
- Diagram SD1 SO S1 SO SO $1 D1 DO DO DO DO Quantity Quantity Quantity Quantity Graph A Graph B Graph C Graph D Refer to Diagram SD1. A rise in worker's productivity can be best illustrated by Graph O B O A O D Price Price Price PricePrice of a flash drive is 2 USD and the quantity bought of flash drive is 500. What would be the total expenditure on flash drive? a. 250 O b. 1000 O c. 498 O d. None of theseIf the price of a pie is 12, what is the maximum number of pies she could buy in a week?
- "Status" is an example of value? O a. Negative Value O b. Neutral Value O c. Positive Value O d. No ValueQuestion 28 Oil is a main component in the manufacture of plastic bags. If the price of oil were to increase, the price of plastics bags would and the quantity would O increase; stay the same O increase; increase O increase; decrease decrease; decrease O decrease; increaseb. If in a given year (year X) the panty ratio stood at 0.60, it would mean that O prices paid by farmers in year X rose by 60 percent over the prices pald in the base penod. O prices recelved in the base period could buy 60 percent as much as prices received in year X O prices received in year X rose by G0 percent over the prices received in the base period O'prices received in year X could buy 60 percent as much as prices received in the base period, c Suppose the parity ratio initially stood at 0.60, and after several years, the prices received by farmers tripled while the prices they paid doubled. The parity ratio will be O0.98 O 0 82. 0.90 O 074.
- Suppose the linear demand curve for shirtsslopes downward and that consumers buy 500 shirts per yearwhen the price is $30 and 1,000 shirts per year when the priceis $25.a. Compared to the prices of $30 and $25, what can you sayabout the marginal valuation that consumers place on the300th shirt, the 700th shirt, and the 1,200th shirt they mightbuy each year?b. With diminishing marginal utility, are consumers derivingany consumer surplus if the price is $25 per shirt? Explain.c. Use a market demand curve to illustrate the change in consumersurplus if the price drops from $30 to $25.A change in which factor would shift the supply curve? Select one: O a. production technology b. the demand for the product c. the price of the good being sold d. the willingness of consumers to payThink back to a purchase that you made recently. How would you describe your thinking before you made that purchase?