Q: A firm's production function is q= f(K, L) = 7. K¹/2L¹/3. Capital is only available via a long term…
A: q = 7K1/2L1/3 K=100 p=$84 w=$40
Q: Supose that delta and US Airways are separate and compete in the newy York, Los angeleles route.…
A: Given information P=200-0.1(qd+qu) Here qd---discount seat in delta qu--- discount seats in the US…
Q: A typical firm in a perfectly competitive, constant-cost industry is operating with an economic loss…
A: In a market structure with perfect competition, there are many businesses and consumers of…
Q: 3. Understanding marginal and average tax rates Consider the economy of Pomistan, where citizens…
A: The marginal tax rate is the tax rate one has to pay on an additional dollar of income while the…
Q: An asset is purchased for P 90,000. Its estimated life is 10 years, after which is will be sold for…
A: Cost of Asset = 90,000 n = 10 Years Sales price = 1000
Q: Briefly explain the following characteristics of a Perfectly Competitive Labor Market: a. Large…
A: In a perfectly competitive labor market, there would be "a large number of firms all trying to hire…
Q: A marginal cost curve mersects average total cost at po. This curve also intersects average total…
A: Marginal cost The change in overall cost whenever the quantity produced increases by one unit is…
Q: Calculate the amount of money Jessica had to deposit in an investment fund growing at an interest…
A: Financial markets include the trade of money instruments in the form of hard money or any other…
Q: 3. A worker has a wage of £10 an hour, and chooses to work eight hours a day. Represent this…
A: Backward bending labor supply curve is defined as the labor curve that reflects a situation that…
Q: If the t-statistic for a variable is -1.74, is the variable statistically significant? No O Yes
A: In statistics, the t-statistic refers to the ratio of the departure of the estimated value of a…
Q: You have the following data for product X: sales revenue $14,000, allocated fixed costs $12,000,…
A: Profitability is a proportion of an association's benefit comparative with its costs. Associations…
Q: Find the present value, in pesos, of a perpetuity of P20,000 payable semi-annually if money is worth…
A: Semi annual payment = P 20000 Interest rate = 9% Number of compounding per year (m) = 4 as…
Q: COSTS (Dollars) 100 90 80 70 30 20 10 0 U MC 15, 20 ATC AVC ☐ 0 03 6 9 12 15 18 21 24 QUANTITY…
A: In a perfectly competitive market there are large number of firms producing similar and identical…
Q: please answer question 2. i have already answered question 1 and provided the answer. q1:…
A: The federal government's lack of resources to cover its present spending is known as a budget…
Q: Suppose the price elasticity of demand for oil is 0.1. In order to lower the price of oil by 20…
A: Elasticity of demand depicts how much consumer responds with the change in the price level.
Q: In the space below, insert the names for X and Y axis, graph LRAS and SRAS and AD line, and…
A: The aggregate demand and aggregate supply model helps us to determine the national income and also…
Q: Suppose a union successfully negotiates an increase in the wages of workers producing computer…
A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…
Q: a) Define operating leverage b) Firm A operating in a perfectly competitive market sells its…
A: Operating leverage determine the fixed cost of a firm as a percentage of the total costs. It helps…
Q: 8. Assume that Samson was a borrower before the change. Would this policy make him better or worse…
A: For rational consumers, the preference is always to consume more commodities because the consumers…
Q: Wood, the receiver of Stanton Oil Company, sued Stanton’s shareholders to recover dividends paid to…
A: Introduction Dividend refers to a reward, cash or otherwise, that a company gives to its…
Q: 5. Before the North American Free Trade Agre (NAFTA) gradually eliminated import tariffs on goods,…
A: Consumer surplus refers to an economic measurement of buyers' benefits resulting from market…
Q: Which of the following is most likely to be a monopoly? local fast-food restaurant local electricity…
A: Monopoly is known as a market structure in which only one seller exists who has complete market…
Q: Question-01: The following table shows the average retail price of butter and the Consumer Price…
A: The new price level obtained is the true price when the retail price of commodities is adjusted to…
Q: Let Y represent the amount an individual spends on a trip. The individual's utility is a function of…
A: Insurance refers to an agreement in which the company offers a guarantee against the loss/damage…
Q: 5. You are the general manager for Mr. Ollinder ("Oll") MacDonald, who owns three farms that all…
A: The marginal product (MP) definition is the adjustment of output because of one extra unit of input…
Q: 1. Jean deposited P2,000, P2,500 and P3,000 at the end of the 2nd year, 3rd year and 4th year,…
A: Disclaimer- “Since you have asked multiple questions, we will solve the first questions for you as…
Q: A contractor has purchased a wheel loader for $115,000 and plans to use it for 2,000 hours per day.…
A: The time value of money (TVM) means that an amount of money will be higher now compared to the same…
Q: You produce shoes (Q) with labor (L) and capital (K). The production process is as so: Q = 400L -…
A: Production Function: A production function represents the level of output produced given the inputs…
Q: If marginal cost is below average total cost, then average total cost Question 10 options: a)…
A: Marginal cost is the additional cost incurred when production is increased by one unit.
Q: 1. What is the marginal rate of substitution?
A: The definition of an indifference curve is a graph that displays possible pairings of two…
Q: Gloria decided to open her own business and earns $50,000 in accounting profit the first year. When…
A: Opportunity cost refers to all that is given up to make a particular decision. Economists minus the…
Q: If a 4 percent rise in the price of honey lowers the total revenue received by the producers of…
A: The elasticity of demand is a relative concept that measures the percentage change in demand due to…
Q: If the firms in a monopolistically competitive market are earning economic profits in the short run,…
A: In a monopolistically competitive market the difference among the short run and the long run is that…
Q: A machine has a 1st cost of P 140,000 and a life of 8 years with a salvage value of P10,000 at the…
A: In the Double decline balance method, the asset depreciates more in the early year after buying and…
Q: Problem 5 Based on the graph below, explain what would happen to the optimal level of abatement if…
A: The Optimal Level of Abatement refers to the costs incurred by the firms that are likely to cause…
Q: 6. The Crispy-Cola Corp. (CCC) wants to expand into selling its cans of cola via vending machines…
A: Profit Maximization is a decision of the operations of business entities as their major aim is t…
Q: a.What was world health and safety like before the current system? What were the drivers to create a…
A: To manage the health care and safety of employees in the work environment it is of utmost importance…
Q: The Zambian soya market is growing rapidly with some exports being recorded. Soya beans are another…
A: The elasticity of demand measures the percentage change in quantity demanded due to some percentage…
Q: A driver's wealth $100,000 includes a car of $20,000. To install a car alarm costs the driver…
A: Utility function can be defined as the measure of welfare or satisfaction for any consumer as the…
Q: Price Quantity Supplied (packs) Quantity demanded (packs) K80 100 500 K90 150 450 Price…
A: Elasticity of demand measures the percentage change in quantity demanded due to some change in the…
Q: Use the information about Luther‘s tutoring business to choose the correct answer. Luther owns a…
A: Implicit costs refer to those costs that do not require a monetary payment. These are non-monetary…
Q: The data in columns 1 and 2 in the table below are for a private closed economy. (1) Real…
A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…
Q: The October 18, 2022, Wall Street Journal reports that there is an ongoing shortage of baby formula…
A: Demand and Supply of a good not only depends on its price but also on a lot of factors. If the…
Q: Three investments are being studied by Bright Star Construction Limited. The table below provides…
A: Given Cash flow MARR=12% Final cash flow for the 3 plans Year Investment 1 Investment 2…
Q: John works in a shoe factory. He can work as many hours per day as he wishes at a wage rate w. Let C…
A: Given John has 18 hours per day to devote to labor or leisure. John's utility function: U(C,R)=CR…
Q: How does labor influence marginal product? There's the saying "the more the merrier," but is this…
A: Marginal Product of labor increases with decreasing rate. Marginal Product of Labor(MPL) is a change…
Q: For an output level below Qr, the value of a unit to a buyer is the cost of a unit to a seller.…
A: Consumer Surplus Strictly speaking, a consumer surplus occurs when a purchasers pays less for a…
Q: Costs that do not vary with output are Question 8 options: a) fixed costs b) variable…
A: Cost of production is incurred throughout the economic process of manufacturing goods and services.…
Q: Your economics professor has a peach tree that hangs over a fence into his neighbor’s property. The…
A: Externality occurs when action of a person has an impact on the well being of other person. It can…
Q: Assume the laptop market has 5 participants, each accounting for 20% of market share. Now two of the…
A: HH index shows the concentration in market If concentration is more , the HH index is more HH…
B is the wrong answer
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- Explain how your charity will make a difference to that counrty. is it a sustainable project? Discuss your views. (100 - 150 words) - plz answer this question it is not an essy, it is a homework given for a group ( its about establishing acharitable organization that help children in India and help to get their full rights. e.g. health and other things)8. (e) (f) Answer ALL parts of this question. Britain and France are countries in a Ricardian trade model. Each country produces wine and bread. Unit labour requirement for wine in Britain, in hours: aw = 12 Unit labour requirement for bread in Britain, in hours: aLB = 3 Unit labour requirement for wine in France, in hours: aiw = 2 Unit labour requirement for bread in France, in hours: aiB = 1 Britain and France both have 600 hours of labour available. Qw and QB are the quantities of wine and bread produced in Britain. Qw and Q are the quantities produced in France. With wine on the y-axis and bread on the x-axis, draw and label the production. possibility frontiers for both countries. Label the axes. Now assume there is free trade. On a new diagram, show the world relative supply of wine, giving world relative price on the y-axis as Pw РВ and world relative quantity on the x-axis as Qw + Qw QB +QBA great deal of international trade is transshipment trade. (A: intra-industry trade; B: inter-industry trade; C:
- Import Quotas. Please fill in the graph showing the 5 things to the right of it please with labels on it and the 2 questions at the bottom. Thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.ЕОC 10.04 When a Canadian company exports the furniture they make to the U.S., who loses? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Canadian workers at other furniture companies. b Canadian consumers. Other Canadian furniture companies. d The Canadian government.A. Answer the following question. (5 to 10 sentences) Assess the economic implications of free trade in the third world country. Is this good for the developing countries to have a bilateral trade coalition with the more progressive countries.
- 2 Kwame is the purchasing manager for an electronics firm in North Carolina. He purchases a large quantity of diodes from NXP Semiconductors in the Netherlands, a manufacturer of diodes. What kind of export or import transaction does this represent? a indirect export b direct import c indirect import d direct exportInternational trade and interregional trade are similar in that both must overcome space; B: trade restrictions; C: currency differences). (A: distance and07. Under open trade, (a) country 1 will be importing and country 2 exporting 12 units at a price of $10. (b) country 1 will be importing and country 2 exporting 9 units at a price of $11. (c) country 2 will be importing and country 1 exporting 15 units at a price of $11. (d) country 2 will be importing and country 1 exporting 9 units at a price of $14. (e) country 2 will be importing and country 1 exporting 9 units at a price of $11.
- Which of the following is the formula for the intra-industry trade (IIT) share in a product's total trade? Multiple Choice 1-IX-MI 1-[IX+MI / (X-M)] O 1-(X+M) 1-[IX-MI/(X + M)]Answer the given question.2The ____________________ is based on the prices ofmerchandise that are exported or imported. a)International PriceIndex b)Producer Price Index c)International ProductIndex d)Foreign Price Index