Which of the following is an allocative policy tool? Group of answer choices   An innovation grant   Medical review board   Health inspections   Licensure

Q: 5. Convert the following cash flow pattern to a uniform series of end-of-year costs over a seven…

A: Present worth (PV) is the ongoing worth of a future amount of cash or stream of income given a…

Q: Land 1 1 1 1 1 1 1 1 1 Labor 0 1 2 3 4 5 6 7 8 a. The average production of three workers is b. The…

A: Given, Total output is defined as the total sum of values added at every production level.  Note:…

Q: What is the difference between the short-run and long-run production periods? Why is it relevant to…

A: The maximum number of finished goods that can be produced with the given production factors, at a…

Q: 29- A company finances the sale of its machinery and equipment for a period of 24 months at an…

A: Given information, Present value (P): R$50,000.00 Time period (N): 24 months Interest rate (i):…

Q: QUESTION ONE Using the loanable funds theory, illustrate the effect of the following changes on the…

A: Answer: Introduction: Savings are also called loanable funds. The government and firms create demand…

Q: Why might quantity supplied be relatively unresponsive to a price change?

A: The passage of time has a significant impact on how goods are produced and supplied. Long-term…

Q: Show your work/thought process: a) Manually calculate the Sum of Squared Errors for this model. b)…

A: Dependent variable (Y) = Earnings (in millions) Independent variables are Rotten Tomatoes Rating and…

Q: In a certain store, cashiers can serve 45 customers per hour on average. If a customers arrive at…

A: Answer (1) C(x) = x22025 - 45x = (40)22025 - 45× 40  =  16002025 - 1800 = 1600225= 7.11 (After…

Q: Price Elasticity and Overall Sales For each price-quantity combination shown in the following table,…

A: Price elasticity of demand is the ability of the quantity demanded to alter in response to a change…

Q: Total population Working-age population Employed A (7,500/75,000) × 100. Unemployed Consider the…

A: Given, Total population = 125,000Working-age population = 75,000Employed = 60,000unempoyed = 7,500…

Q: Question 17 One problem with the CPI is the "substitution bias," which refers to consumers buying…

A: Consumer price index (CPI) refers to the economic tool that is used to determine the inflation of a…

Q: Roger's utility function is​ Cobb-Douglas, U=B^0.80 Z^0.20 Y the price of B is P_B and the price…

A: The utility function is given as: U=B0.81Z0.20

Q: What is FDI? What are two main forms of FDI?

A: Kinds of investment There are two kinds of foreign investment foreign direct investment, non-direct…

Q: The following graph shows the aggregate demand curve in a hypothetical economy. Assume that the…

A: Given,  The Aggregate Demand curve in a hypothetical economyThe money supply in the economy remains…

Q: Land 1 1 1 1 1 1 1 1 1 Labor 0 1 2 3 4 5 6 7 8 Total Output 0 3 8 12 15 17 17 63 16 13

A: Given: Inputs(Land and Labor) and Output The land is the fixed input and labor is the variable…

Q: Describe the relationship among GDP, net domestic product, national income, personal income and…

A: Introduction  Gross Domestic Product or GDP shows the Market value of all final goods and services…

Q: 1. A band on tour typically sells promo t-shirts for $20 each, and sells 12,000 shirts at that…

A: Demand function shows the relationship between the price and quantity demanded. When the demand…

Q: Suppose County A and B produce only paper and cars. Country A can produce 8 tons of paper or 4…

A: Production possibilities frontier The production possibility frontier (PPF) seems to be a slope on…

Q: 11. The figure illustrates the competitive market for cell phones. Price (dollars per cell phone)…

A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Rainbow Harbor Cruises charges $16/adult and $8/child for a round-trip ticket. The records show…

A: Assume number of adults are denoted with "A" and number of child are denoted with "C" #Saturday A +…

Q: Is Tariffs doing more harm than good for the region?

A: Tariffs are import tariffs or protectionist trade barriers that domestic consumers must pay. Their…

Q: Refer to Figure 3-8. The graph in this figure illustrates an initial competitive equilibrium in the

A: Equilibrium Point: The equilibrium point or market equilibrium refers to the point at which demand…

Q: assume that as the economy booms, the demand for business and consumer loans rises significantly…

A: The expansion and peak stages of the business cycle are considered an economic boom. It is also…

Q: Bill Mitselfik borrowed ​$16,000 to be repaid in quarterly installments over the next five years.…

A: Present value refers to the value of cash receipts of payments (PMTs) in future expressed as it to…

Q: Your parents give you $500 per month to spend on college expenses or other personal expenses. Your…

A: A budget constraint/line shows various combinations of two goods a consumer can purchase by spending…

Q: The changes in bank regulations expand the availability of credit cards so people need to hold less…

A: We can say that Money supply refers to the amount of money available in an economy at a particular…

Q: A man deposit ₱1,00,000,000 for one year which pay an annual interest of 6%. The income is taxable…

A: Given,  Amount of Deposit : P1,00,000,000 Interest rate : 6% Withholding tax : 20%

Q: graph answer the following questions and assume that the industry price is $4.00 a) what is the…

A: The profit is maximized in P=MC. The perfectly competitive market decides the price and individual…

Q: What is the purpose of market equilibrium in relation to supply and demand?

A: When market supply and demand are in balance, prices become steady. This is known as equilibrium. In…

Q: assume that as the economy booms, the demand for business and consumer loans rises significantly…

A: As we can see, the annual increase in interest rates for business loans to consumers is 20%, while…

Q: Monopolistic Competition 1. How does Monopolistic Competition differ from Perfect Competition? How…

A: "Since you have posted a multiple questions,we will solve first question for you.If you want…

Q: Ari intends to purchase a new car and has narrowed it down to a Dodge Ram truck or a Toyota Camry. A…

A: Introduction  Marginal utility refers to the additional utility derived from the consumption of an…

Q: What are the two characteristics of a public good? (Choose two)   A. External Cost   B.…

A: There can be two types on goods in any economy i.e Public goods and Private Goods. This depends on…

Q: If GDP is 1800 and the money supply is 450, what is the velocity of money?  Show your work.

A: The velocity of money is the frequency at which one unit of currency is utilized to buy…

Q: A faculty member sells Gatorade at football games.  He finds that if he raises his selling price by…

A: The idea behind revenue maximization is that if you sell your goods for a low enough price, you will…

Q: The cross-price elasticity of hamsters and hamster food is -0.3, where the percentage change in…

A: Cross price elasticity measures the percentage change in the price of a good due to the percentage…

Q: Consider the market for chocolate chip cookies where the supply is very price elastic which means…

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

Q: Is China in the process of becoming the next global threat to U.S.? Why or why not?

A: Global threats are likely to result in a catastrophe for the environment and a global decline in…

Q: Van and Amy Cho live in Swarthmore, PA. Amy's father, Carlos, lives in Sweden.   For each of the…

A: GDP Gross domestic product (GDP) is the accepted unit of measurement for the value added produced…

Q: Refer to Figure 8-2. Producer surplus without the tax is Ⓒa. $10, and producer surplus with the tax…

A: Equilibrium in the market occurs at the intersection of demand and supply curves.

Q: The maintenance cost for a sewing machine after one year is expected to be P500. The cost will…

A: Given maintenance cost after 1 year = 500 P Constant increase in cost = 50 P Time = 10 years…

Q: Refer to Figure 4-8. To legally drive a taxicab in New York City, you must have a medallion issued…

A: Disclaimer: Since You asked the multipart question, we are solving the first 3 subparts as per…

Q: We obtain the following demand curve of beef in a market:  Q = 44506.941 - 3338.553 ln(P), where Q…

A: Introduction We have given data of demand curve of a beef market. As we know that price and quantity…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

A: Given that; The demand for full-fare tickets is QF(P) = 120 – 2P. The demand for concession tickets…

Q: Don Magellan borrowed today from Ginoong Lapulapu P300,000.00 and agreed to repay the  loan with 4…

A: Given that, P = 300,000.00 Interest Rate = 12% Time Period = 4 Months When the rate is calculated…

Q: he utility function is given by u(x₁, x2) = min{2x₁,5x2}. a) For this utility derive the demand…

A: Utility function shows the relationship between utility and consumptions of goods. This is case of…

Q: What happened to equilibrium prices and quantities in the market for Audis, which is widely known to…

A: Equilibrium is at the level where forces of supply and demand are equal. substitute goods are the…

Q: j) Suppose that Rugby AU becomes unable to verify the age of its customers; thus, the formerly…

A: Merged market The term "merged market" refers to the marketplace for health insurance coverage…

Q: The following table shows the output of textile and auto one unit of labor can produce in the U.K.…

A: Absolute advantage describes circumstances in which one company or country can create a specific…

Q: Question 20 The table below shows the hypothetical values of the adult population, number of…

A: Unemployed : A person is unemployed only if he is willing to work but not getting work .  Employed:…