Q: An Industrial plant bought a generator set for P90,000. Other expenses including installation…
A: Depreciation means to a decrease in the value of fixed assets due to normal Wear and tear through…
Q: 2. How does globalization help our way of life?
A: The integration of various global economies through trade in commodities, services, and employment…
Q: A. List the six factors that can explain a variance in earnings. Select ONE factor and list two…
A: A wage is money that an employer usually gives to an employee in the exchange for work that is…
Q: Ernesto borrowed P30,000 from a bank and promised to pay the amount for 1 year. The bank discounted…
A: A discounted loan is a loan in which the interest amount is deducted at the time of the loan made…
Q: Suppose that You Yeet is one of over a dozen competitive firms in the Bloomington area that offers…
A: A perfectly competitive firm is a price taker, which means price is determined by the market forces…
Q: A natural monopoly arises when the firm’s technology has economies of scale large enough for it to…
A: A natural monopoly is a form of monopolisation that appears to exist because of elevated start-up…
Q: Considered the following data for an economy. Currency in circulation held by the public: CU = 400…
A: Monetary base is the sum of currency in circulation and the reserve. Money multiplier is given by…
Q: 3. (2) Oliver gets an allowance of $50 this week and $56 next week. Let c, and c₂ be his consumption…
A:
Q: 3. Price taker model a. Graph the market (not the firm) for cotton in the very long run, assuming…
A: Price-taking firms are those that produce and sell a very small portion of the total market supply,…
Q: Suppose there are two firm that is firm 1 and firm 2, each firm has three possible choice as it must…
A: Given, There are two Firms : Firm1 and Firm2Firm 1 has three strategies : -Exit the industry…
Q: A B с D E Quantity Supply Price 48 280 + тр Quantity Supply 14 84 112 133
A:
Q: Trade was an engine for growth for the then developing countries of the 19th Century. Trade and…
A: Developing countries: A developing nation, also known as an emerging market or a less developed…
Q: (perpetuities) A man planned of building a house. The cost of construction is Php 550,000, while…
A: The term "present value" in economics refers to the current worth of a stream of future cash…
Q: 1. The language of price controls Suppose that, in a competitive market without government…
A: Price control is of two types, i.e., price floor and price ceiling. A price floor is the…
Q: Match the good with it's best characterization.If it is a Public good, private good, club good, or…
A: A benefit or service that is provided to all members of a society is known as a public good.…
Q: Sam's is interested in two goods, X and Y. His indirect utility function is U* = M px-0.8 py0.8-1.…
A: Consumer surplus is the benefit that a consumer receives if he pays a price that is less than the…
Q: Private plans were able to reduce overall drug expenditures to an extent due to: the ability of…
A: Private Plans are defined as health insurance plans that are offered by private insurance companies…
Q: California Gardens, Inc., prewashes, shreds, and distributes a variety of salad mixes in 2-pound…
A: IntroductionFixed cost: Fixed costs are expenditures that remain constant regardless of the volume…
Q: 5. Given: Assume i = 10% per year Alternative 1 Electric Power Alternative 3 Solar Power P6000 P50…
A:
Q: Desk purchased January 12 for $2,000; 8-year useful life; $600 salvage value. Calculate…
A: Purchasing price or basis (B) = 2000 Useful life =8 year Salvage value =$600 Depreciation method=…
Q: If the LRAS curve shifts, does the AS curve also have to shift? If the AS curve shifts, does the…
A: Note:- Dear learner as you have posted multiple questions. As per our policy we have solved only…
Q: 2 provide an in-depth discussion of the factors affecting the performance of currencies in emerging…
A: An emerging market economy is one that is evolving towards a mature economy. Currency is defined as…
Q: Nantgwynfaen Organic Farm (NOF) is a farm growing a range of fruit and vegetables. It has a farm…
A: A firm faces two types of costs fixed and variable. Fixed costs are independent of the output…
Q: A company bought equipment worth $53,000 and paid $1,500 for freight and delivery charges to the…
A: Depreciation is the normal wear and tear of assets over the life of assets. The sinking fund…
Q: Why does consumer surplus decline when monopolies are presen
A: Introduction : Monopolist will produce the profit maximizing quantity. And profit maximizing…
Q: Use the function below (whose parameters qualify it as a STC function) to answer the questions. See…
A: Fixed costs are that cost that is fixed and doesn't change with the change in output. Variable cost…
Q: uppose a consumer’s preferences for goods Y and X can be represented by the utility function,…
A: A rational consumer will consume where the MUx/MUy = Px/Py Here , MUx is the Marginal utility's of…
Q: With a cap-and-trade system in place, the resulting marginal costs of abatement for firm 1 are…
A: The marginal costs refer to the additional costs that are incurred by the firms for producing an…
Q: Alpha Industries is considering a project with an initial cost of $7.5 million. The project will…
A: Given,Initial Cost = $7.5 millionCash Inflow = $1.55 millionTime = 7 yearsPretax Cost of Debt =…
Q: You should discuss the Fiscal policy of Demand Side and Market-oriented and Interventionist policies…
A: Interventions: This term refers to the government mechanism that aids in the understanding of market…
Q: pmilk under quota CMarginal Which of the following reflects the Dead Weight Loss stemming from the…
A: Quata is the fixed amount of quantity which is fixed by the government. Dead weight loss is the…
Q: Nantgwynfaen Organic Farm (NOF) is a farm growing a range of fruit and vegetables. It has a farm…
A: Break-even analysis includes when the costs of the firms in consideration exactly equates the…
Q: A risk-averse manager is considering a project that will cost £100. There is a 10 percent chance the…
A: Introduction: The expected value is described as the difference between expected profits and…
Q: a. What price will the monopolist charge for group O? What price will the monopolist charge for…
A: Q 2. Under third-degree price discrimination, a monopolist charges different prices from different…
Q: After taking your managerial economics class, you realize that you can probably raise your profits…
A: The demand function shows the relationship between quantity demanded and price. The cost function…
Q: A monopolist who is able to practice perfect price discrimination Question 10 options: a)…
A: In case of monopolist , Under perfect price discrimination The firm will charge the consumer's…
Q: If P1,000 becomes P1,811.36 after 5 years when invested at an unknown rate of interest compounded…
A: The interest rate that is calculated without taking into consideration the effects of inflation is…
Q: The four diagrams below illustrate changes in the demand for yen and the supply of yen. To the right…
A: The law of supply and demand combines two fundamental economic ideas that describe how price changes…
Q: 4. The government pushes the unemployment rate down 4 percentage points below the natural rate.…
A: Given information The current unemployment rate is 4% below the natural unemployment rate. Beat=1/2…
Q: In the long run, some firms will respond by Shift the demand curve, the supply curve, or both on the…
A: An efficient consumption level provides maximum satisfaction from economic activities. At this…
Q: When our test statistic falls inside the rejection region, we can Reject alternate hypothesis None…
A: When the test statistics falls under the rejection region then the null hypothesis gets rejected .…
Q: 2. Pam is rich and at this high income level, her demand for good X is independent of income and…
A: CV, or compensating variation, is the change in income that returns the consumer to the original…
Q: Suppose the Federal Government issues $100 worth of food stamps to everyone in your city. These…
A: The line that shows the different combinations of goods that consumers can afford is called the…
Q: 5) The slope of the line from the origin to a given point on the total product of labor curve equals…
A:
Q: EXERCISE 7 Aisha is considering how to allocate the next 6 hours of her free time. She could choose…
A: Budget Line: given the price of 2 goods and consumer’s income. The budget line shows different…
Q: (Cooperation in ER systems) Suppose Latvia and Denmark both peg their exchange rates to the Euro.…
A: A currency peg is a strategy used to stabilize currency exchange rates between nations by having a…
Q: An open-market purchase of bonds by the Central Bank increases monetary base and reduces the nominal…
A: The expected nominal interest rate(ie)can be calculated by adding up the expected real interest…
Q: Consider the following example. A risk-neutral worker can choose high or low effort. The worker's…
A: Expected value is a calculation of what you should expect to get per game in the long term. The…
Q: Assume that Country D is in a recession. 1. What fiscal policy actions would combat the recession?…
A: A recession is defined as a lengthy period of weak or negative growth in real GDP (output)…
Q: When generic versions enter the market after the patent on a branded drug has expired The branded…
A: A patent is the government grant of monopoly on an invention as an incentive to inventors, for a…
Step by step
Solved in 2 steps
- 1. Which of the following is an example of money as a unit of account? (A) A monthly credit card statement (B) A money market account (C) A checking account (D) Pricing of items in a grocery store (E) Direct deposit fint money?Checks are: a. Not a means of payment b. Not money c. Not a promise of any kind d. Not acceptable by the U.S. Government for payment of taxes9 An item that is used as money, but which also has value from its use as something other than money is .
- 2-A bank has deposits of $ 6 000 000 , its total actual reserves are $1 200 000 and the legal reserve ratio is 0.12 . (a) What is the amount of reserves ? (b) What is the amount of excess reserves ? (c) If the reserve ratio changes to 0.10 what would be the effect on reserves and total actual reserves ,amount of excess reserves remaining the same ?An advantage that money has over other assets is that it: a. Provides a higher return to the owner b. Is a safer asset to hold during times of inflation c. Increases in value over time d. Has lower transaction costs to use as a means of payment than other assetsIn many casinos, a person buys chips to use for gambling. Within the casinos wafts, customers often can use these chips to buy food and drink or even a hotel room. Do chips in a gambling casino serve all three functions of money?
- Name several different kinds of bank account. How are they different?The total amount of U.S. currency in circulation divided by the U.S. population comes out to about S3,500 per person. That is more than most of us carry. Where is all the cash?(11) Transactions money is sometimes referred to as __________________ __________________.
- Write an essay about: How is money created in an economy? What is ‘fiat money’ and are holders of fiat money exposed to any risks? Provide in text references/paraphrasing. Cannot 400-500 words36. To be considered money, an item must have which of the following features? Choose all that apply. O federal government approved durability paper or metal composition O easily divisible16. A debit card differs from a credit card in that Question 16 options: a) a credit card is a loan while for a debit card purchase, payment is made immediately. b) a debit card is a loan while for a credit card purchase, payment is made immediately. c) a debit card is a long-term loan while a credit card is a short-term loan. d) a credit card is a long-term loan while a debit card is a short-term loan.