Why is it important to study productivity? How do we determine productivity? Give an example of each of the determinants of productivity and how they would contribute to the standard of living in a country.

Q: (c) From now on, suppose p income tax on Bunter's total income, what should the income tax rater be?…

A: Utility function shows the relationship between utility derived and the goods consumed.   Utility is…

Q: Which of the following is an assumption of the aggregate demand-aggregate supply model? A. An…

A: When talking about aggregate demand and aggregate supply model, it is the model to represent the…

Q: Commercial banks hold governments bonds of £71, reserves of £61, and currency of £48. The public…

A: Commercial bank Hold govt bond = 71 reserve = 61 currency = 48 Public Hold Currency = 100 govt…

Q: Environmental services are included in the National Systems of Accounts.   True  False

A: 1. Environmental services are included in the National Systems of Accounts. - TRUE

Q: What sectors of life the loss aversion can be found in? Explain.

A: Loss aversion basically refers to a cognitive bias that explains why the agony of losing is twice as…

Q: Q5 Suppose in a Solow model, we have the following parameter values: n= 0, s = 0.5, a is no growth…

A: According to question ,  Due to invasion  1% of population was killed and other 14% fled the country…

Q: 1. The market price for tomatoes is $2/pound. Lynn is to0 small to influence the price of tomatoes.…

A: A business's labor demand is the amount of labor hours it will hire in light of the many external…

Q: Consider the following table, which provides the price of beef and the price of all foods from 2014…

A: Any relative price is the price of the good in terms of price of other good. It is simply a ratio of…

Q: The market position of Easy-Freeze Dinners shows that competition is heavy, though marginal…

A: Here, it is given that the market of Easy-Freeze Dinner is highly competitive, but some or marginal…

Q: Use the informetion is the table ta answar he foilowing questions Alnumbers are in bilions of 2012…

A: Real GDP is the value of final goods and services produced in the economy within a given period of…

Q: Looking at the input hypothesis, explain, “We acquire by ‘going for meaning’ first and as a result,…

A: The Input Hypothesis basically attempts to answer the question, "How do humans learn to speak?"It's…

Q: Walmart, the country's largest retailer by revenue, has long been known for paying its truck drivers…

A: A wage is a sum of money paid by an employer to an employee for work completed over a certain period…

Q: Dennis is the International Representative of ABS-CBN and he is planning to partner with a foreign…

A: Payoff Summary   Determine the dominance strategy.   A. Determine ABS-strategy CBNs concerning GMA…

Q: How much money be invested today in order to withdraw P1500 per year at the end of each year for 8…

A: We are going to use present value approach to answer this question

Q: A typical Lorenz Curve, extracted from the Textbook, is shown below: 100 80 Lorenz curve (actual…

A: The Lorenz curve is simply the graphical representation of income inequalities. The line of…

Q: Suppose that the price of chocolate changes from PHP 40 to 42 and the quantity demanded for banana…

A: Given:  Old Price of chocolates = PHP 40 New Price of chocolate = PHP 42 Old quantity of banana = 70…

Q: 4-11. Consider the production function Y = X" X3". Px, = $1 and P $2. How many units of X, and X,…

A: The equilibrium condition for the production function is: Ratio of marginal products = Ratio of…

Q: A government-funded renewable energy electric power generation company has developed the following…

A: * SOLUTION :-  (9)   Given that ,  Benifit = 60000 in year 0, and 30000 in year 5. Government…

Q: An economy is sluggish because its impotent govemment has been imposing many inappropriate policies…

A: A sluggish economy is one in which macroeconomic growth is modest to non-existent.

Q: Why is a flatter Philips curve good news for monetary policy authorities? Draw the Philips curve,…

A: The Philips Curve is a graph that depicts the relationship between inflation and unemployment.

Q: A 5- year MACRS has a cost basis for depreciation of $20,000. Salvage (market) value is $4,000. The…

A: Basis Cost = $20000 Salvage Value = $4000 Useful Life= 5years

Q: Suppose that government reduces business regulations. Which of these occurs in the AD&AS Model? O…

A: The decrease in the government regulations increases aggregate supply and shifts the curve to the…

Q: Which term below does the following define: "the fundamental choices an organization makes that…

A: The answer is - d. equilibrium periods

Q: If clients in an industry have homogeneous price-quality choices, a company with higher than average…

A: Answer: An industry with homogeneous price and quality is called perfectly competitive industry. The…

Q: Using the real intertemporal model with investment, predict the effects on employment and the real…

A: Investment curve shows the inverse relationship between interest rate and investment. The rise in…

Q: “Because all points on a contract curve are efficient, they are all equally desirable from a social…

A: In microeconomics, the contract curve, also known as the Pareto set, is a collection of points that…

Q: ii) Listed in the table is the short-run total cost for Firm C. Output 1 2 3 4 Cost 20 39 57 74 90…

A: The diminishing return means the marginal cost should increase as the output increases.

Q: Commercial banks hold governments bonds of £71, reserves of £61, and currency of E48. The public…

A: Money multiplier = 1+ cc+rwhere c is currency deposit ratio r is reserve deposit ratio

Q: Consider the following: today's interest rate for a 12-year bond is 7%; today's interest rate for a…

A: A liquidity premium is any extra compensation necessary to promote investment in assets that cannot…

Q: Let the hourly production function for Fred's Fountains be the following: .251.5 The rental rate of…

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

Q: 8. The international uniform customs practice in written for documentary collection is ((). A.…

A: 1st option is correct - The Uniform Customs and Practice for Documentary Credits (UCP) is a set of…

Q: uppose that firm X increases the wages offered to its factors workers. Which of the following will…

A: Economic cost refers to the combination of losses of any products that have a value attached to them…

Q: Assume real per capita GDP in West Swimsuit is $8,000 while in South Darlinia it is $2,000. The…

A:

Q: Question 13 An asset with an 8-year ADR class life costs $50,000 and was purchased on January 1,…

A: Calculate the depreciation each year D1 = 50,000 * 14.29% = 7,145 D2 = 50,000 * 24.49% = 12,245 D3…

Q: What forces may promote in the future a global economy, as opposed to localism?

A: Answer -    Globalism:- Under the globalism where more free flow of information, Trade among the…

Q: The government is more likely to allow a horizontal merger between two firms if the merger is…

A: Horizontal merger occurs where the similar types of firms tend to merge.

Q: Consider the following table, which provides the price of beef and the price of all foods from 2014…

A: Relative price refers to the ratio of prices of two goods  Relative price of good 1 = 100* price of…

Q: Hello! I just want to ask for help whether the answers in the given pictures are correct. If it's…

A: In the given question Total cost is TC = 800 + 10q+ 1.5q2 And price = 100 In this cost function…

Q: Give 5 examples of Capital Recovery problems with a solution

A: The phrase "capital recovery" is used by businesspeople in various contexts. It is essentially a…

Q: What factors might determine demand elasticity for SkiButternut’s offerings?

A: Price elasticity of demand: - Price elasticity of demand measures the responsiveness of change in…

Q: Carrie is willing to pay $1400 for the new Samsung Galaxy phone. Samsung is selling the new Galaxy…

A: Given:  Willingness to pay = $1400 Selling price = $1200 Cost of production = $600

Q: Commercial banks hold governments bonds of £71, reserves of £61, and currency of E48. The public…

A: Money Multiplier is the reciprocal of required reserves ratio on the other its also be determined by…

Q: the third unit should not be produced. the third unit should be produced. zero units should be…

A: Public good is defined as a good or service which can be utilized by each and every person of the…

Q: P1 | P2 Left Middle Right Left 1,1 5,0 0,0 Middle 0,5 4,4 0,0 Right 0,0 0,0 3,3 Consider the…

A: Introduction We have given a simultaneous move game in a normal form by a payoff matrix.…

Q: Refer to the above table. Assuming that opportunity costs are constant, the opportunity cost of…

A: Opportunity cost basically refers to the cost of best next foregone. It is the cost of something…

Q: Can the standard, competitive RBC model explain pro-cyclical real marginal cost?

A: Answer -    Marginal Cost : - Marginal cost is the cost which any firm need to incur on production…

Q: The figure shows the trade-off between consumption and quality of the environment. Which of the…

A: The varying amounts of two different things that society may utilize are represented by a…

Q: Question 7 The cotton industry shifted from high economic profits to zero economic profits, where it…

A: In perfect the competition exit or entry in the market is open . Therefore in short run firm makes…

Q: One example of price discrimination is when movie is newly released the ticket price for movie…

A: Price Discrimination Price Discrimination is the strategy the seller used to discriminate against…

Q: Perfectly competitive industries are characterized by:     few sellers and many buyers.…

A: Meaning of Market: The term market refers to the situation under which the producers or the…