Which of the following car loan options would require a buyer to pay the LEAST amount back for a car that costs $30,000? A Loan 2 B Loan 4 Loan 1 Loan 3

Q: Only typed answer  over the last 50 years, in the united states the labor force participation rate…

A: Labour force participation refers to the percentage of working age population that is in the labor…

Q: According to NACE’s April 2014 Salary Survey,  engineering majors held 8 of the top 10 spots on  the…

A: The fixed regular payment that an employee receives from their employer in exchange for their work…

Q: (A) Calculate the marginal product of labor for each level of labor use. (B) Assume the price of the…

A: The marginal product of labor measures the change in total output due to a change in labor. i.e.,…

Q: 3. An office equipment cost P25,000 brand new. It has an estimated salvage value of P1,500 at the…

A: Depreciation: The term depreciation refers to the decrease in the value of asset and this fall in…

Q: The BAT model: Computes the fixed costs of securities trading based on the current U.S. Treasury…

A: The correct statement regarding the BAT (Balance-Adjusted Transaction) model is: It can be used to…

Q: Gouge-em Cable Company is the only cable television service company licensed to operate in Backwater…

A: The yearly rate of return is the % change in the value of an investment. For example: If you assume…

Q: The minimum wage in state A is $11 and the current 2022 CPI value is 122. The minimum wage in state…

A: Consumer price index (CPI) measures change in cost of buying a market basket by a household.  It is…

Q: Refer to the above diagram where Ig is gross Investment, X is exports, G is government purchases, S…

A: For the equilibrium in the economy , the general condition is that the real GDP (Y) in the economy…

Q: What is the average product of labor, given that the level of labor equals 10, total output equals…

A: Production function shows the relationship between input used and output produced. Average product…

Q: An economy is described by the following: C=20+0.9Y I=120-200r. Md=250+0.2Y-400r. Ms/P=1250 Y=70…

A: AD-AS equilibrium: Aggregate demand refers to the total demand for commodities and services made by…

Q: The market for plastic skeletons is perfectly competitive, with demand and supply given by the…

A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…

Q: Suppose there was no prison system in the United States, essentially that would free up between…

A: Investing is the act of putting money or capital into a project with the hope of making a profit or…

Q: Office equipment ost P14,000, has a useful life of 12 years, and a salvage value of P1,000. Using…

A: Initial cost C0=14,000 Useful service life (L)=12 years  Salvage value CL=1000 Depreciation method:…

Q: In the US, we have a mixed economy. You can find severa examples of a market capitalist economy, a…

A: Economy refers to the system of production, distribution, and consumption of goods and services…

Q: Income is spent on Imports, and that 9% of disposable income is saved. Enter your responses below…

A: Marginal propensity to consume (MPC) computes how much more individuals will spend for every extra…

Q: Assuming that the price of an ice cream sandwich is $4, then Jason's income is Jason's preferences…

A: A budget constraint illustrates the combination of two goods that can be purchased by consumer,…

Q: Two investment projects are being evaluated based on their payback periods. The first alternative…

A: Payback Period: The amount of years required to repay the initial cash investment is known as the…

Q: The graph below shows real GDP levels over time. Answer the following questions based on this groph.…

A: As per John Maynard Keynes, business cycles occur as a consequence of swings in aggregate demand,…

Q: 2 In each of the following areas, give one or more examples (where possi- ble) in which the…

A: Govt of an economy: Govt is one of the three major participants of an economy. A govt can act as a…

Q: Assume that the price of silk ties in a perfectly competitive market is $21 and that the typical…

A: In a perfectly competitive market, the price is determined by the market so the firm can not set the…

Q: The data in the following table give information about the price P (in dollars) for which a…

A: Perfect competition is the market condition of many buyers and sellers selling identical products.…

Q: Suppose Japan has a GDP of $2 trillion, and that its national saving rate is 16%. Assume Japan is an…

A: GDP is the gross domestic product.  GDP is the money value of all the goods and services produced…

Q: Provide an interpretation of the values appearing in the table below. Emphasize the distinction…

A: Understanding and analyzing economic facts and occurrences in order to reach choices or draw…

Q: a. In the market for loanable funds, the demanders of loanable funds are the [(Click to select) The…

A: a. The demanders of loanable funds are the borrowers, such as individuals, firms, or the government,…

Q: Assuming that the price of the good is constant, complete the values in the following table. Units…

A: Marginal utility per peso, also known as marginal utility per dollar, measures the additional…

Q: Find the present worth of earthmoving equipment  that has a first cost today of $150,000, an annual…

A: First cost (FC)= $15,000 Annual operating cost (OP)= $60,000 Salvage value (SV) = 20% Interest rate…

Q: what are the causes of great depression? in particular whar are the exogenous variables in the IS\LM…

A: The Great Depression was a severe and prolonged economic downturn that began in 1929 and lasted for…

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

A: Externalities: When a firm produces a good sometimes it creates cost or benefits for other firms. If…

Q: Consider the following table of average monthly exchange rates. Japanese yen ¥ Euro € Pound sterling…

A: Suppose we have ratio of 2 currencies (X /Y). If this ration increase , we can say that currency X…

Q: Write down an exchange economy model with two individuals and two goods, in which there is no…

A: The exchange economy model is a theoretical framework used in economics to study the behavior of…

Q: What is the law of diminishing returns? Why does marginal product eventually diminish? b. Explain…

A: Perfectly competitive market is a market structure where there are many small firms producing…

Q: Fill in the missing data for the following table (in billions):   Consumption:…

A: GDP, gross domestic product is a sum of consumption spending, investment, government purchases and…

Q: A New Yorker travels to New Jersey to buy a $100 telephone answering machine. The New Jersey company…

A: The balance of payments (BOP) is a summary of all economic transactions that took place over a…

Q: The table below depicts the level of gross investment at various interest rates in the economy. Real…

A:

Q: For a Cournot oligopoly model with n firms facing constant marginal costs c, and market demand P = 1…

A: Collusion is typically defined as an unauthorized covert agreement or coordination among two parties…

Q: Consider the following. Demand Function p= 120.0003x x = 20,000 Find the price elasticity of demand…

A: In economics, elasticity refers to the responsiveness of a variable to a change in another variable.…

Q: Consider the following table. A Big Mac in the US cost USD5.66 in January 2021. Given the cost of…

A: The PPP exchange rate is a tool used for the comparison of the economic output and the living…

Q: You are required to use the following topic, which will guide your research, in Trinidad: Rising…

A: Introduction:Food prices in Trinidad have been on the rise in recent years, leading to concerns…

Q: Explain the purpose of creating a budget?

A: A budget is a financial plan or framework that outlines an individual's or organization's expected…

Q: QUESTION 9 Refer to the information provided in Table 3.1 below to answer the question(s) that…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: What is the shape of the AFC curve and why does it have this shape?

A: Average fixed cost (AFC) is a per-unit cost that a company incurs in producing its output. It is…

Q: Use the process of comparative statics to analyse the following changes in market conditions for the…

A: Demand is defined as the willingness of a consumer to buy something, whereas supply is the total…

Q: Regression LPM MAM WMAM Y-mX +b ✓[Choose] Easiest naive" forecast Y = mx +b Not all previous actuals…

A: Economic analysis is the process of using economic principles and methods to study and understand…

Q: Compute the Present Value (at time zero) of the following data (EOY = end of year), i=20% EOY O Cash…

A: The PW$1/P is the present worth of a series of future periodic payments of $1, discounted at…

Q: Explain about the application of the institutional economics approach (using the economic theory of…

A: A subfield of economics called institutional economics is concerned with how institutions influence…

Q: Referring to the concept of an "invisible hand" allocating resources across industries in response…

A: The concept of the "invisible hand" is a central idea in economics that was first introduced by Adam…

Q: 5. Bill Smith is the new Marketing Director at the Jonesfield Ham Company. In the interest of…

A: The confidence level identifies the likelihood that an estimate of a statistical parameter's…

Q: 6. Rich Smothers runs a satellite television subscription service for a rural customer base is…

A: A higher elasticity means that demand is more responsive to price changes, while a lower elasticity…

Q: Part 4-Stretch Your Thinking-Read the 1978 Milton Friedman quote regarding Japan was unfairly…

A: Part 4) Globalization today, is defined as the process of tying and connecting the societies of the…

Q: Required information An officer of the state lottery commission has sampled lottery ticket…

A: Expected value is a concept in economics that refers to the average outcome of a probability…