practice

Q: ________ would be included in the gross national product of Germany. A) The wages paid to German w...

A: The GDP is the Gross Domestic Product which is the summation of the money value of all the final goo...

Q: Choose the correct answer:

A: Question 1: Economics is a way of analyzing decision-making processes caused by scarcity. because It...

Q: 3. In the short term, a company has the following cost function and product function. C(N)= 10 000 +...

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for you...

Q: Refer to the figure above. The competitive market player will have $____ of profits. A)0 B)100 C)18...

A:  in a competitive market there are large number of firms producing identical products thus acting as...

Q: CDO's were made from pools of mortgage backed securities.  The CDOs used a) the most senior tranches...

A: CDO's were made from pools of mortgage backed securities. 

Q: Calculate the price elasticity of supply for Brenda's Bakery's cheddar bread. When the price changes...

A: The price elasticity of supply (PES) shows the responsiveness of the quantity supplied of a good to ...

Q: A1). The price, p, that a bookstore charges for a special gift edition of a popular trilogy is relat...

A: (a) The equation of demand for a popular trilogy sold by the bookstore is, 100pq + q^2 = 5,000,000 ⇒...

Q: Explain how culture,history,artistry,technology and security features are used and combined to come ...

A: The new generation currency banknotes were introduced in the Philippines late in 2010. Under the gen...

Q: Describe some of the motives and mistakes made by the Fed?

A: Federal Reserve Bank is the Central bank of the Country U. It was established on 23rd December 1913....

Q: Under a market system of resource allocation   A. prices determine what consumers buy while th...

A: The market system refers to market forces determining price and quantity.

Q: Calculus is a powerful tool used in economics. One of the initial applications areas is the study of...

A: Average cost (AC) is defined as the per unit cost of producing a commodity.  AC = TC/x

Q: Denise has $20 and plans to spend it on beers and burgers. Beers and burgers both cost$4. What is th...

A: She would purchase that good which yields her maximum marginal utility per dollar.

Q: Mr. Don is the director of A-Design Inc., a federally incorporatedcompany in Canada, specializing in...

A: Given information: Invested amount in machine or machine's cost = $100000 Life of machine = 10 years

Q: 1. describe the marginal condition for efficiency.

A: Efficiency: It relates to the optimal production and distribution of scarce resources. 

Q: If Total Revenue = 25Q-2Q^2, graph the Total Revenue function and using the average cost function, a...

A: By putting the different values of the quantity in the total revenue function we will get the total ...

Q: Many people make pumpkin pies for Thanksgiving and various autumnal and winter celebrations. Most pe...

A: The demand and supply mechanisms in an economy are the most important mechanisms as all the function...

Q: please help me understand my mistake

A: Answer: (1). Introduction: Marginal cost cuts both AC and AVC at their minimum points. The minimum p...

Q: A local jam production company is confident that 60% of the population will like its newgrapefruit j...

A: ‘Probability’ refers to chances of occurring an event. It lies between 0-1, where 0 indicates the ev...

Q: In one of its Spring catalogs, L.L. Bean advertised footwear on 29 of its 192 catalog pages. Suppose...

A: Standard deviation can be calculated by using the following formula.

Q: Honest Abe's Used Cars estimates the price elasticity of demand for their cars to be −5.1. Last mont...

A: Given information, Price elasticity of demand: -5.1 Percentage change in quantity demanded (sold ca...

Q: IS GLOBALIZATION GOOD OR BAD? DOES IT DEPEND?

A: Globalization is described as the spread of technology, products, jobs, and information across count...

Q: Explain the function of government below. Alteration of the structure of private production

A: Alteration of the structure of private production. It is very important for government to understand...

Q: For each of the following pair of goods, which good would you expect to have more price elastic dema...

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

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month. Als...

A: We are going to use single variable profit maximisation method to answer this question.

Q: a.What happens to the aggregate demand? Describe your answer. b.What happens to the level of output?...

A: The aggregate demand curve shows the amount of goods and services that the economy is willing and ab...

Q: Consider this statement: "total output starts falling when diminishing returns occur." Do you agree ...

A: Total output: It refers to the number of final products that are created in the country. 

Q: Calculate equilibrium price and equilibrium quantity and fill the following column Qd = 1,400 - 10P ...

A: Price Demand=1400-10P Supply1=-400+20P Supply2=-400+10P Supply3=-400+30P 0 1400 -400 -400 -400 2...

Q: 7. Determinants of market interest rates Some characteristics of the determinants of nominal in...

A: Interest payment refers to the compensation provide to the lenders in order to give up their present...

Q: During the current pandemic, people have looked for additional opportunities for physical exercise a...

A: Note: Since you have asked multiple parts, we will solve the first three parts for you. If you want ...

Q: In the market for therbligs, the supply curve is Ps=$10+$0.05Qs  and the market demand curve is Pd=$...

A: Demand Equation: P=20-0.10Qd Supply equation : P=10+0.05Qs Equilibrium:  0-0.10Qd=10+0.05Qs Demand =...

Q: Compare and contrast the following concepts and indicate their implications: in the context of city ...

A: External economies of scale portray comparative conditions, just for a whole industry rather than an...

Q: A demand curve is given by p = 660-3x. Assume you must pay salaries totalling 8000$ in a month. Als...

A: We are going to solve this question using single variable maximisation method.

Q: 17. is a schedule that shows various amounts of a good or service a seller is willing and able to se...

A: The demand curve of a good is a negatively sloped curve which shows that when the price of the good ...

Q: Assessing the impact of digital facilitation in Ghana’s investment sector. Required i. identify the ...

A: The given research topic deals with the study of how the investment sector of Ghana is impacted by t...

Q: In the market for paperback books, the price of paper increases and more people are reading books on...

A: When there is any change in the price of a product, its quantity demanded changes. When there is any...

Q: region, Tollowing equations represei measured in packs sold per hour: supply and demand cigarettes Q...

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

Q: I need help solving 7.4.3

A: We are going to derive <a5to r3[veev                                                             ...

Q: Refer to the figure above. When there is only a single company, the monopolist will gain $____ of pr...

A: Monopoly will be at equilibrium where MR = MC.  From graph, MR = MC at 18 units At Q=18 units, price...

Q: Best Buy is concerned about its inventory of Sony Magnolia 85” 4K Ultra HD TVs.  It wants to have at...

A: Given Ordering cost Co=$20/order Demand D=50000 TVs/year Holding cost Ch=$20/TV/year Minimum stock =...

Q: Economics Question

A: The demand (dd) for a product shows the quantity that a consumer desire to purchase at the given pri...

Q: Explain commercialization?

A: Marketing takes place after a small business has developed and extended its activities and achieved ...

Q: Production Possibilities Frontier   Step 1: Draw the Y and X axes and number the units. Step 2: Labe...

A: The production possibility curve shows the combination of goods produced in a country using all the ...

Q: If the expenditure multiplier is 2.5 and the government spending increases by $4 billion, what would...

A: Given: Expenditure multiplier = 2.5 Government spending = $4 billion 

Q: If the short-run total cost function for a firm is TC = 3,000+100Q, Given: TC = 3,000 + 100Q TC = 30...

A: Marginal cost (MC) = dTC/dQ = 100

Q: During the current pandemic, people have looked for additional opportunities for physical exercise a...

A: If demand for specific good changes, then the quantity demanded, quantity supplied, and price also c...

Q: Hello, I am having issues solving this practice problem.

A: The assumption of monotonicity is that the indifference curve is negatively sloped. If the indiffere...

Q: 3. During the summer you have made the decision to attend summer school, which preve:ts you from wor...

A: If I decide to attend summer school then I have to forgo the income that I can earn by doing a summe...

Q: what are the four main components of aggregate demand? which is the largest? which is the smallest?

A: Aggregate demand alludes to the demand for the nation's (GDP) and the proportion of demand for produ...

Q: Suppose that an increase in consumer confidence raises consumers’ expectations about their future in...

A: Demand refers the total amount of goods and services that are willing and able to buy at the particu...

Q: Statement i Nominal GDP uses current prices to place a value on economy's production goods and servi...

A: Nominal GDP evaluates the total value of products produced in an economy in a financial year within ...