It is clear that productive inefficiency is a waste since resources are being used in a way that produces fewer goods and services than a nation is capable of. Why is allocative inefficiency also wasteful?

Q: $21 $18 Supply $15 $12 $9 $6 $3 Demand 100 200 300 400 500 600 700 Quantity of Key Lime Pies Part 1:...

A: Generally in simple words we can say that Economic Equilibrium is considered as a situation in which...

Q: 1. April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She ...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Simple Regression Sales Revenue Year Product Price (P) (millions of pesos) 1 1.20 0.95 1.50 0.93 3 2...

A: As nothing has been mentioned I used excel to solve this problem. Here, in this question, we find th...

Q: Back in the 1950s, General Motors (GM) was at its peak. It was widely viewed as a shining example of...

A: General Motors (GM) was at its best in the 1950s. It was widely regarded as a model of how a huge co...

Q: If the goverment wants to raise tax revenue and shift most of the tax burden to the consumers, it wo...

A: Tax incidence measures the burden of tax shares between consumer and seller.  It depends on the pric...

Q: If the Federal Reserve conducts an open-market purchase, bank reserves and the money supply O A) dec...

A: The answer is - B) increase, increases If the federal reserve conduct ma open market purchase, bank ...

Q: 11. A tariff on imports benefits domestic producers of the imported good because A. They get the tar...

A: Economic externalities are the extra costs or benefits that occur to a third party that is not a par...

Q: The economy of Eastlandia in 2021: • C = 260 + 0.5YD • P = 100 %3D • T= TR = G= NX = 0 The equilibri...

A: Actually in simple words we can say that the Real GDP is considered as an Nominal amount of the GDP ...

Q: Suppose there are two power plants that release sulfur dioxide (SO2) into air at their current produ...

A: Given that; MAC1 = 3q1 + 5 MAC2 = 2q2 Two power plants release 150 units of SO2  and each firm curre...

Q: How does the new concept of global relations emerges from the experiences of Latin-American countrie...

A: Latin America is the part of the Americas made up of nations and areas where Romance languages (lang...

Q: If the inflation rate is higher than the interest rate, then   A. it is no longer possible to earn a...

A: According to the Fisher equation, Real interest rate = Nominal interest rate - inflation rate ...

Q: If the fixed cost of producing output Y is P150,000, variable cost is P300 per unit and the price of...

A: Introduction Fixed cost = P 150,000 Variable cost = P 300 Price = P 600 Production at Break even = f...

Q: Which of the following was NOT a result of import-substituting industrialization? O It showed that t...

A: Import Substitution industrialization is a financial hypothesis stuck to by non-industrial nations t...

Q: b. If the cruise costs $1,000, how many passengers will there be? 6 passenger(s) c. If the cruise co...

A: PLEASE FIND THE ANSWER BELOW.

Q: What is the impact on the labour market due to a reduction the productivity of workers? Select one: ...

A: We know that, When the productivity of workers increases at any given wage rate the firms demand mor...

Q: In statistical process control, the hourly samples are taken. The sample means are: 156.46, 199.62. ...

A: Answer is given below ... 

Q: The first cost of a certain equipment is P324,000 and a salvage value of P50,000 at the end of its l...

A: First, we convert all values into an equivalent A i.e. annual equivalent value. Then, to find the ca...

Q: Suppose that a product is produced in three factories X, Y and Z. It is known that factory X produce...

A:

Q: Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household w...

A: Answer: It is given that for a 1% increase in household wealth the consumer spending will increase b...

Q: The Fisher relationship may be described by the following equation in which R is the nominal rate of...

A: According to Fisher, the difference between nominal interest rate and real interest is approximately...

Q: 1. The domestic demand (QD) and supply (Qs) for strawberries in Canada are given respectively by QD ...

A: Disclaimer: Since you have posted a multi-part question, I am providing you with the answer to the f...

Q: If you deposit dollar 10000 into a fund paying 6% interest compounded monthly. how much can you with...

A: Given the present value in the fund = 10000 Interest rate = 6% Monthly interest rate = 6%/12 = 0.5% ...

Q: When a small economy imposes a tariff on imports, net welfare O always increases. O always decreases...

A: The imposition of tax on imports and exports by the government of the country or a union is being kn...

Q: If the consumption function in an economy as follows C = 50 + 0.75Y and the following variables fixe...

A: Given that:- Consumption, C=50+0.75Y Investment, I=250 MD Government expenditure, G=200 MJD Net expo...

Q: Would you please explain carefully several financial sources how the government financing its expend...

A: The gap between the government's total revenue and total expenditure is known as the fiscal deficit....

Q: What is Development Planning? Why is there a need for economic development planning?

A: The creation of wealth from which the benefits of the community are being realized is known as econo...

Q: Find the present value of an annuity of $2,000 payable at the end of each year for 10 years, if the ...

A: Answer is given:

Q: Resource X is necessary to the production of good Y. If the price of resource X rises, the _________...

A: Opposing economic variables gravitate towards their natural condition, resulting in economic equilib...

Q: Suppose a company's revenue function is given by R(q)=−q3+400q2R(q)=-q3+400q2 and its cost function ...

A: Profit maximising condition  where marginal cost is equal to marginal revenue   And Equilibrium poin...

Q: What are some characteristics of perfect competition?  Is the Banana market a perfect competition? ...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: US President Collin Hawkins is concerned about the economy. He orders the Treasury to issue direct s...

A: Answer: Citizens save 20% of their income. MPS marginal propensity to save=20%=0.2 (1). Multiplier=1...

Q: The demand curve for prepaid internet services is given by Pd = 80 – 0.2Q and the supply curve is gi...

A: Given, Demand, Pd = 80 – 0.2Q Supply, Ps = 20 + 0.2Q The graphical representation of the given suppl...

Q: Q2. Asset Allocation   The company's pension plan is managed by Castle Fund Managers, a leading pr...

A: Assets Allocation:- Asset allocation funds can be explained as funds that invest in a variety of ass...

Q: How does the concept of opportunity cost apply to personal decisions when you have limited income an...

A: Opportunity Cost : The opportunity cost is referred as a forgone benefit that would have been derive...

Q: I’m trying to practice how to derive Lorn run and short run cost functions could I have explanations...

A: Production function : Q=L1/2K1/2 Marginal Product of Labor=MPL=dQ/dL=1/2L-1/2K1/2 Marginal Product o...

Q: Show your work. An MBA applies for a job in two firms X and Y. The probability of his being selected...

A:

Q: Utils, 8- 7- 6+ 5- TU 2 3 Which of the following characteristics of the total utility function is ex...

A: Total Utility is the overall amount of satisfaction receive by consumption of all the units of outpu...

Q: Assume that the demand curve is a straight line. If the price per unit of a good rises from $4.50 to...

A: Price elasticity of demand means percentage change in quantity demanded due to the percentage change...

Q: Economic profits discussion

A: The difference between the money collected from the sale of a product and the costs of the inputs re...

Q: How useful is economic geography in explaining the success of regional economic integration blocs?

A:

Q: . How did the pandemic affect the lives of working students? 2. What are the experiences of working ...

A: Pandemic basically refers to the situation when a diseases occurs in an country or multiple countrie...

Q: Which of the following is true (M = Money supply, cu = currency - deposit ratio, res = reserve - dep...

A: The money multiplier formula is given by: (1+cu)/(cu+res)  

Q: Consider the same marginal revenue functions. Suppose now that teams must share 40% of their revenue...

A:  The marginal revenue function is the subordinate of the all out revenue function r(x). here given t...

Q: When the Federal government takes action to change taxes and spending to stimulate the economy such ...

A: Federal government can increase or decrease taxes and government spending to change the money supply...

Q: Question: The sum of two non-negative quantities is equal to 2n. Find the chance that their product ...

A:

Q: A consultant, after 3 months of work, reported that the modified B/C ratio for a city-owned hospital...

A: Discount rate(i)=5% Time(n)=40 years Initial cost=$2.1 million(i.e 2,100,000) Modified B/C ratio=2 B...

Q: If the marginal propensity to consume (MPC) is .75 for a closed economy, what is the multiplier coef...

A: Marginal propensity to consume refers to the change in consumption with respect to change in income.

Q: Now draw a supply-and-demand diagram for the liquor market with the tax. Show the price paid by cons...

A: Answer - 

Q: Suppose that Bangladesh, a relatively poor, agricultural nation with a low level of technological de...

A: 1. The answer is - d. Enhanced flow of ideas  

Q: Find the median wage of the following distribution : Wages (in $ ): 2,000-3,000 3,000-4,000 4,000-5,...

A: