What are the determinants for an individual demand? Receive with the help of indifference curves and the budget outline the optimal consumption plan. How do you transfer the optimal consumption plan into an individual demand function

Q: f the consumption function is C = C (Y - T) = 0.75 (Y - T) and there is an increase in output of 200…

A: Given  Consumption function: C=0.75(Y-T)              ..... (1) Increase in output =200 million…

Q: Player 1 and Player 2 will play one round of the Rock-Paper-Scissors game. The winner receives a…

A: The game theory is the investigation of the manners by which collaborating decisions of economics…

Q: Economics An incumbent​ firm, Firm​ 1, faces a potential​ entrant, Firm​ 2, with a lower marginal…

A: Incumbent firms are organizations previously settled in each market or industry. The idea driving…

Q: 7. Everything else held constant, if aggregate output is to the right of the LM cur then there is an…

A: Aggregate supply is the total quantity of output firms will produce and sell—in other words, the…

Q: The figure below shows the cost (MC, ATC) and demand curves (D, MR) for a cable company operating as…

A: A monopoly firm produces at the intersection point of MR and MC. Hence, the output level…

Q: Question 49 A perfectly competitive firm does not have which of the following characteristics? A.…

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

Q: The price p (in dollars) and the quantity x sold of a certain product satisfy the demand equation x=…

A: Given  Demand equation: x=-9p+900                    ..... (1) We have to find revenue function as…

Q: 7. Compare cash cheque and credit card with respect to ACID and ICES tests.

A: In money transfer, regardless of the type of money, two unique sets of attributes need be…

Q: H6

A: The natural level of production of a system exists if all materials obtainable are used effectively.

Q: ii) Monetary policy in a liquidity trap. Suppose the money demand is given by: M = $Y (0.25-i) as…

A:

Q: What is pump-priming?

A: Pump priming is the term used to describe the overall stimulation actions done by the government,…

Q: The difference between economic profit and accounting profit is that economic profit is calculated…

A: Economic profit is reffered as the total revenue of the firm (from sales) minus the costs of all…

Q: 26 of 100 The table in Figure 2 shows the amounts of potatoes and beets that Robert and Clarence can…

A: Opportunity Cost: It explains that when a country can produce two goods (let says either X or Y),…

Q: 65

A: When talking about the traditional Price-Specie-Flow mechanism, it explains the stabilizing…

Q: Expected Interest Rate The real risk-free rate is 2.1%. Inflation is expected to be 2.35% this year,…

A: Interest rate is the amount charged over and above the principal amount by the lender from the…

Q: Match each currency with the country or countries that use it. Drag each item on the left to its…

A: Currency Country name YEN JAPAN POUND UNITED KINGDOM YUAN CHINA

Q: In general, the more the government borrows, interest rates should [rise, fall, remain unchanged].…

A: The government borrows the money to fill the gap of Fiscal Deficit. A fiscal Deficit is a difference…

Q: marginal factor cost is the extra cost of producing one more unit of output. True False

A: The marginal factor cost is the extra cost of engaging extra unit of input or factor.

Q: Economics As a nation we often talk about our pride in being “a nation of immigrants.” How does…

A: Answer: The sense of pride is applicable to Mexicana as Mexican Americans played role in American…

Q: The Economy is at Point B today after being at Point A for the past 5 years. Which of the following…

A: LRAS is the long run aggregate supply curve that shows potential GDP produced in the long run.

Q: Suppose that there is a risky bet that promises a 50-50 chance of winning of losing $3500 for…

A: Given the starting bet where there 50-50 chances of winning or losing 3500 . Which means there are…

Q: In the figure below, S2, represents a 25 unit increase in quantity supplied at each price. Determine…

A: Equilibrium is attained where demand meets the new supply (S2). Thus, new quantity will be where it…

Q: The Audubon Society at Enormous State University (ESU) is planning its annual fund-raising…

A: Price per serving of pasta (P) = 55 cents or $0.55 Cost of pasta per serving = 17 cents or $0.17…

Q: Demand: Qd= 2,600 - 5P Supply:  Qs= 1000 + 10P What would be the amount of shortage if a price…

A: Surplus occurs where supply is greater than the demand.  Shortage occurs where the supply is less…

Q: The following graph shows a hypothetical demand function for federal funds. Currently, the total…

A:

Q: What are the observed INTENDED VERSUS UN-INTENDED CONSEQUENES of rent control and minimum wage…

A: - These are the measures adopted by the government to help different stakeholders.  - Rent Control:…

Q: Would this transfer increase, decrease, or have no effect on income inequality in this group?…

A: Income inequality: It refers to a condition where income is divided unequally between the…

Q: biofuel subsidiary of Petrofac, Inc. is planning to borrow $12 million to acquire a small…

A: Annual worth represents the net benefits and cost which is incurred by firm in a year , and we…

Q: Consider the following table of long-run total costs for three different firms: A B Quantity 1 2 3…

A: A firm experiences economies of scale when its average total cost decreases with increase in output…

Q: There will be a wage. of workers when the wage is the equilibrium

A: In the labour market, the equilibrium wage rate is determined by the intersection of the labour…

Q: Consider a utility function given by u(x, y) = (ax² + by). It is called CES utility function.

A: Given utility function   u(x,y)=axρ+byρ1ρGiven utility function is known as CES production…

Q: The following standards have been established for a raw material used to make product N04: Standard…

A: Price variance is the actual unit cost of a purchased item, minus its standard cost, multiplied by…

Q: 5. Consider the cost function for a firm with the production function from above, F(K, L) = K0.5 +…

A: We need to find whether this production function exhibits decreasing, decreasing, or constant…

Q: What are the objectives of fiscal policy in developing countries?

A: Fiscal policy is the term used to describe how the government manages the flow of money through the…

Q: A drug dealer knows whether his supply is high quality (@ = H), mediocre (@ = M), or low quality (@…

A: According to the probable structure of the differentiation and the classification of the quality in…

Q: Why the aggregate demands curve slopes downward

A: Aggregate demand is a downward sloping curve indicating an inverse relationship between the price…

Q: Which of the following is one of the key differences between monopolistic competition and oligopoly?…

A: Monopolistic rivalry happens when an industry has many firms offering things that are relative but…

Q: Price and cost (dollars) 20 15.75 21 6,000 A B 8,000 SMC 1000 ATC AVC D-MR-$20 Quantity The above…

A: Introduction Perfect competition is a form of market where a large numbers of firms producing the…

Q: The current price for a good is $25, and 90 units are demanded at that price. The price elasticity…

A: Price elasticity is 1 which means when price drops by 8%, quantity demanded increase by 8%. 8% of 90…

Q: What is the law of diminishing returns? Why does the marginal product of labor eventually diminish?

A: The law of diminishing returns is also termed as the law of variable proportion or the law of…

Q: National Public Radio (NPR) is a public good. The cost (supply) of each "unit" of NPR is P=2.…

A: NPR is a public good Cost;  P = 2 per unit Derek's Valuation/Demand; PD = 10-Q Kim's…

Q: A new wave-soldering machine is expected to save Burnaby Circuit Boards $15,000 per year through…

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

Q: Knitex wants to maximize its profits. It produces a product with many substitutes and requires a…

A: Elasticity:-  A demand that is elastic experiences a significant shift in quantity demanded as a…

Q: In a small open economy model determine the effects of a persistent decrease in total factor…

A: A proceeding with a decrease in total factor productivity will achieve a fall in the monetary result…

Q: Suppose the book-printing industry is competitive and begins in a long-run equilibrium. Then Hi-Tech…

A: Long-run equilibrium happens when aggregate demand rises to short-run aggregate supply at a point on…

Q: 1. In which of the changes to market conditions might we be certain that the market price will…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Use the following diagrams to answer this question 0 P₁ 0 LRAS, E₂ Y, Y₂ Panel (a) LRAS, Y, Y₂ Panel…

A: Short-run equilibrium occurs where the short-run aggregate supply curve intersects the aggregate…

Q: the help of a market supply and demand graph, explain: How is the equilibrium price determined? What…

A: Market demand is the aggregate quantity demanded by all consumers in a market for a provided…

Q: ITEM: MACHINE A: MACHINE B: First Cost P2,000,000.00 P3,000,000.00 Annual operating P325,000.00…

A: The annual worth method or AW method implies that all the incomes along with disbursements, regular…

Q: Price (millions per plane) Total cost (millions per month) Total revenue (millions per month) Hint:…

A: Profit is the difference between the total revenue and total cost. Also the most profitable rate of…