A. Imagine the labor demand for low-skilled workers. Graph the market for low-skilled labor services with an equilibrium wage of $12 and an equilibrium quantity of 100.   State who the employers or workers demands labor services and who the employers or workers supplies labor services.      2. Display the area that represents total gains from trade in this market on the graph. B. Graph $15 of price floor imposed on this market. Show on the graph. Display the amount of unemployment created by the price floor on the graph.      2. Display the Deadweight Loss created by the price floor

Q: Notice that the before-tax equilibrium price was 25. Compared to the price, in the after-tax equilib...

A: Tax incidence  refers to the loss of welfare caused by the imposition of taxes . So , Consumer Surpl...

Q: The Ontario Minister of Agriculture and Food wants the federal government to eliminate the AgriStabi...

A: ANSWER   The ontario government in 2020 accepted the proposal of Fed government for enhancing the ag...

Q: How CoViD-19 affects our global economy? Discuss

A: Every economy in this world facing the pandemic situation of COVID 19. Every economy whether poor or...

Q: explain how, when and for what purpose you would use each of the 4 criteria.; payback period, discou...

A: The movement of money or cash in and out of the company is known as cash flow. The cash flows could ...

Q: Consider a fictional price Index, the College Student Price Index (CSPI), based on a typlcal college...

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...

Q: . A manufacturing company purchased electrical services for the next 5 years to be paid for with $70...

A:

Q: 5. It is a common practice in lending companies that the interest is deducted at the time money is b...

A: Given: The amount of loan is = P50,000 The principal amount he receives after 16% deduction is = P42...

Q: The following graph shows the short-run average total cost curves for different plant sizes and the ...

A: In the long run firm chooses to operate at a level where long run average cost is minimized.

Q: Show Solution  If the inflation rate is 8% and cost of money is 12%, what interest rate will take c...

A: Inflation is the rise in the prices of goods and services. It decreases the purchasing power of good...

Q: Which one of the following is a characteristic of the service sector? Intangible products O Little c...

A: The service sector produces services rather than producing products.  

Q: What would happen if you couldn’t withdraw your money from the bank?

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

Q: An outward shift of a production possibilities curve can be caused by a. planting a more profitable...

A: Answer: PPF shifts outward when the overall production capacity of the economy increases. Production...

Q: With a 12% interest rate, approximately how much money you invested today and its future worth in or...

A: Hi! thanks for the question but as per the guidelines we answer only one question at one time. Kindl...

Q: Next question Which of the following is an example of a positive externality? A. A lower inflation r...

A: Positive externality refers to the situation when social benefits exceed private benefits. It refers...

Q: 12. John has a daughter named Jonna, he invested P5000 at 7% account for her education she was born....

A: Given the interest rate = 7% Invested amount = P5000  

Q: 6. Individual and market supply Suppose that Carlos and Deborah are the only suppliers of pizza slic...

A: Answer: Market demand: market supply refers to the sum total of individual supplies.  Price (Doll...

Q: A perverse incentive is a particular drawback of the organizational wage level system for determinin...

A: A perverse incentive is one that produces an unanticipated and unpleasant effect that is at odds wit...

Q: A perfectly competitive market exists for almonds. Demand for almonds is Q= 200 - ere P is the price...

A: Here we calculate the following tax and production of the given in formation m so calculation of the...

Q: Santa Monica’s government has grown tired of the clutter of vehicles caused by the large number of c...

A: This chapter is related to nash equilibrium method. A nash equilibrium is  strategy profile in which...

Q: When a rational individual elects to save a portion of his/her disposable income then what does that...

A: Disposable income is the amount of money available to an individual or household to spend or save af...

Q: If sellers are taxed $6 a ball, the price that sellers receive for a basketball is $ The number of b...

A: There are supply and demand curves showing the basketball markets when no taxes are imposed. The tax...

Q: Consider the following scenario to understand the relationship between marginal and average values. ...

A: Game free throw percentage= Free throw made/Free throw attemptedAverage free throw percentage=(Total...

Q: installation, amounted to P30,000. At the end of its estimated useful life of 10 years, the salvage ...

A: Book value is the value of an asset according to its balance sheet account balance. For assets, the ...

Q: Calculate the missing values in the table below by using the provided data collected in the househol...

A: People who are working are considered employed and people who are willing and able and looking for a...

Q: Which of the following would be cases of cartels?   Check All That Apply Ford Motor Company OPEC ...

A: A cartel is a group of unaffiliated firms or organizations that band together to influence the price...

Q: A firm has the following revenue and cost functions. TR = 120 Q – Q2 TC =  Q2 +30 Q + 10 Determin...

A:

Q: What are some markets (goods or services) where an equilibrium might not be the most desirable point...

A: LAW OF MARKET EQUILIBRIUM of free market:- Free market if is out of equilibrium, tends toward equili...

Q: This system provides materials needed for goods and services, and serves as a sink for our wastes:

A: Manufacturing system: The manufacturing system is responsible for implementing and operating the pro...

Q: Enumerate the major characteristics of research and explain each.

A: Disclaimer: “Since you have asked multiple question, we will solve the first question for you. If yo...

Q: Money borrowed today is to be paid in 5 equal payments at the end of each quarter. If the interest i...

A: Given: The quarterly payment is = ₱ 21,293 The interest rate is = 3% compounded quarterly Money to b...

Q: price of land where coffee beans can be grown. the number of coffee drinkers. the popularity of coff...

A: In the above question with given options - each option has an impact on the supply of coffee in the ...

Q: Government levied a tax on good A. The less elastic the demand is, the greater or the smaller the ta...

A: The demand for the good is said to be elastic if the quantity demanded of the commodity changes more...

Q: Which of the following will shift an economy's production possibilities curve outward?

A: Production possibility curve is the graphical illustration of the the combination of two goods that ...

Q: Demand is inelastic if a. the price elasticity of demand is less than 1. b. a large change in quanti...

A: Elasticity is defined as the responsiveness or sensitiveness on the demand if the factor influencing...

Q: the MPS in an economy is 0.25, government could shift the aggregate demand curve leftward by $60 bil...

A: The multiplier value will decide actual level of change  expenditure to produce certain effects. 

Q: Movement along a production possibilities curve shows which of the following? a. The trade-offs soc...

A: The production possibilities curve is a curve that shows the various combinations of two goods that ...

Q: Explain price discrimination. What are the conditions to make price discrimination  effective? Provi...

A: Price discrimination is a marketing approach in which a vendor charges varying price for the product...

Q: A regional municipality is studying a water supply plan for its​ tri-city and surrounding area to th...

A: The total cost of the project which included cost of the construction and maintenance and repair of ...

Q: 5-5. A nation's government has determined that mass transit, such as bus lines, helps alleviate traf...

A: Positive externalities, or non-excludable benefits, are associated with the development of transport...

Q: Suppose a monopoly firm has the following Cost and Demand functions: TC=Q2 P=80-Q MC=2...

A: The monopoly maximizes the profit where the  MR=MC.  

Q: Explain how the Keynesian view differs from the classical view with respect to saving. Explain furth...

A: Classical economists do not believe in government intervention in economic activities. They have ful...

Q: If this consumer has $13.00 to spend on cans of beer and slices of pizza in any given week, then wha...

A: Answer: A consumer maximizes his/her utility where the following conditions are satisfied: MUBeerPBe...

Q: Do global cities widen the gap between the rich and the poor?

A: Global cities refers to the places or countries which are open to trade with the rest of the world.

Q: We will loosely model the petrol crisis the UK has recently experienced as a game. Start with a two-...

A: There are two players : Player 1 & 2  Strategy Set of player1 = Strategy Set of player 2 = { Nor...

Q: bought a property and he paid php 100000 cas and agreed to pay php 20000 at the end of each 6 months...

A: *Answer: 

Q: Transactions to reduce downside risk are known as: * a. calls. b. options. c. puts. d. hedges.

A: When the investor is having a bullish view that implies he assumes the market will fall then he is a...

Q: The interest rate in Eastlandia is 15% and the interest rate in USA is 11%. If the exchange rate of ...

A: Interest rate in Eastlandia = 15% Interest rate in USA  = 11% Depreciates  =3%

Q: If you can prevent someone from consuming a good, that good is called

A: If a good is prevented from its consumption, then it is an example of a private good.

Q: The price elasticity of demand measures how much the quantity demanded responds to changes in the pr...

A: The elasticity of demand measures the responsiveness of items demanded. The demand determinant for w...

Q: Mortgage pools that are generally broken up into tranches, repackaged, and marketed to investors as ...

A: A mortgage refers to the credit that is for  buying or maintaining a home, land, or other piece of r...