Q: 1.Which of the following is NOT a technological development impact? a. nature and structure of…
A: Technology and development are inextricably linked. Lacking technical innovation, the person would…
Q: Three players, P1, P2, and P3, bargain for shares of a pie. A three sided die is cast. If the die…
A: The game theory is a logical methodology/analytical approach through which vital/strategic decisions…
Q: (P/A, 5%,7) has a value equals to a. 5.7864 b. 0.070… c. 8.142 d. 0.8142
A: (P/A, r, n) is a present value of the annuity factor. Where, r is an interest rate n is the number…
Q: The project is desirable according to Kaldor compensation criterion if gainers can compensate losers…
A: Pareto efficiency means when the redistribution of resources is impossible to better off one…
Q: The demand function and total cost function for a product are 6P = 660 − 3Q, TC = 80 − 20Q2 + 600Q…
A: We can find the P as P= (660-3Q)/6 = 110-0.5Q
Q: if supply decreases by 30%, would the price increases by the same amount? if not, why
A: A decrease in supply will make the harmony price rise; the amount requested will decrease. To figure…
Q: How is the performance of Philippine economy in the year 2020 in terms of rate of unemployment?
A: The Philippines economy during 2020 went into recession and the unemployment rate worsened to double…
Q: 1.1 What is the difference between the nominal exchange rate and the real exchange rate? When a…
A: The foreign exchange rate is a rate at which one country's currency is exchanged for another…
Q: Explain the cause-effect relationship...
A: The term "cause and effect" refers to a link between two events in which one causes the other.
Q: In the IS-LM model, what is the effect of an increase in government purchases? Draw an IS-LM diagram…
A: IS curve depicts the locus of all the points where the goods market is in equilibrium . IS relation…
Q: TT = 100kl - 5k²1² + 2k + 41 dk and dn' dl Find dn dk = 100 – 10kl + and dn dl 100 – 10lk? dn dk dl…
A:
Q: How is the performance of Philippine economy in the year 2017 in terms of rate of unemployment?
A: In the mentioned question we have been asked what is the rate of unemployment of Philippine in 2017.
Q: Three firms share a market. The demand function is P(q1, 42, 93) = 10 – q1 - 2 – 3, where q; is the…
A: Profit function of each firm will be Profiti = TRi - TCi where TRi =(10-q1-q2-q3)qi
Q: 3. Two players, Amy and Beth, play the following game called "race to 50". Amy goes first, and the…
A: Nash equilibrium refers to the dominant strategy of both players which matches with one another. It…
Q: 2
A: The monopoly market refers to the market in which the firm charges a higher price above the marginal…
Q: In an economy, autonomous consumption expenditure is $50 billion, investment is $200 billion, and…
A: "Since you have posted a question with multiple sub-parts will solve first three subpart for you.To…
Q: Determine the value of the given gradient factor. (P/G, 10.05%, 15) round to the nearest WHOLE…
A: Below is the given value: (P/G, 10.05%, 15)
Q: ers obtain large nominal wage increases. i) the short run effect on the price level and real output…
A: When the nominal wage increases, the aggregate demand increases due to enlarged consumption in…
Q: Which of the following will occur if labour unions successfully negotiate wage increases for its…
A: Union labor acts as an intermediary between members and the business employing them.
Q: business takes out a simple interest loan of Php 100,000 at a rate of 7.5%. What is the total amount…
A: SI(simple interest) is calculated as (P×r×t)/100. Amount is the sum of P and SI Where P is the…
Q: Question 1: What circumstances are like to make the use of pay-for-performance appropriate or…
A: The Pay for performance model, often known as performance-related remuneration, refers to employee…
Q: Which of the following best describes economies of scale? O They refer to the increase in output…
A: In the short run atleast one input is fixed and in the long run all inputs are variable.
Q: Question 16 Refer the to graph below to answer Questions 16-18 In the graph…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: TRUE OR FALSE Social welfare indifference curves are useful in discussions about the tradeoffs…
A: An indifference bend shows a blend of two products that give a shopper equivalent fulfillment and…
Q: Discuss the Constitutional Limitation concerning prohibition against imprisonment for non-payment of…
A: Answer- No person should be imprisonment for non payment of poll tax. Poll tax means citizens are…
Q: Interpret the gnp growth rate of the philippines over the years and explain its implication.
A: The value of all commodities and services generated by a country's citizens and enterprises is…
Q: A service car whose cash price was ₱ 540,000 was bought with a down payment of ₱ 162,000 and monthly…
A: Annuity is a payment made in a fixed interval into a deposit or annual payment made for discharge of…
Q: In an auction, the winning bidder often ends up as an overly optimistic loser because of a.…
A: An auction is a kind of sale in which purchasers compete for a particular object by submitting bids.…
Q: FW n the blanks When a country's income is PHP2000R you spent PhP1750 When your income changed to…
A: NOTE: AS PER THE BARTLEBY GUIDELINES HANDWRITTEN SOLUTIONS ARE NOT ALLOWED. PROVIDING HERE THE TYPED…
Q: If the interest rate is 10% and cash flows are $1000 at the end of year one and $2000 at the end of…
A: Given, Interest rate - 10% Cash flow at the end of one year is $1000 Cash flow at the end of two…
Q: According to John Rawls, the welfare of society only depends on the welfare of the ------------…
A: When talking about the theory of John Rawls on the social welfare, it can be said that he beleives…
Q: 1. In the Malthusian model, suppose that the quantity of land increases. Using diagrams, determine…
A: A Malthusian growth model, often known as a basic exponential growth model, is simply exponential…
Q: Analyze data purposefully with accuracy, integrity and comprehensiveness. Dependent Variable: GDP…
A: Explanation- Here we use dependent variable is GDP and independent variable mobile and internet. we…
Q: A certain warehouse is worth P1,650,000. The average value of the merchandise in the warehouse is…
A: Cost of insurance Annually :- Warehouse. = 1% of 1,650,000 = 16500 Merchandise. = 0.9% of…
Q: d. Suppose that society decided to reduce consumption and increase investment. What groups might…
A: Consumption is the measure of the health of the demand side of the economy, whereas investments…
Q: 5. For each of the following games, identify the backwards induction equilibrium and the equilibrium…
A:
Q: Suppose market demand and supply are given by Qd=100-2P and Qs=5+3P. If a price ceiling of $15 is…
A: Given: Qd=100-2P Qs=5+3P
Q: A housing bubble has burst, causing a negative wealth effect. Use the IS-LM model to answer the…
A:
Q: Why does the presence of negative externalities lead to a misallocation of societal resources? O…
A: Negative externality refers to external cost of a good or service on third party which is not a part…
Q: Perfectly competitive firms earn zero economic profit in the long run. True False
A: In perfectly competitive market, price is constant so it is equal to marginal revenue. Profit is…
Q: At a company, yees are making con ions for a retirement gift. Each of the 20 employees is choosingg…
A: Number of employees = 20 Payoff of any employee (i ) = bi (1 +d )xi - xi For i : [1 to 10 ] d = 2…
Q: tion 7 nortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500…
A: Given that, Gradient series is for 4 years. PW of amortized debt = cashflow / (1× rate)time NPV is…
Q: 22 LS 20 18 Minimum wage 16 14 12 10 LD 100 200 300 400 500 600 700 Quantity (thousAnds of workers)…
A: The idea of a minimum wage is slightly controversial in the domain of public policy. The imposition…
Q: Propose a solution to the very low wages and dangerous working conditions in factories in developing…
A: Answer- The toxic and dangerous working conditions with very low wage in developing countries, now…
Q: For a competitive market in long-run equlibrium to be Pareto-efficient... Select one: a. Firms do…
A: Pareto efficiency in the long-run equilibrium for a competitive market depends on different factors.
Q: Let U(X,Y) = VXY . Let I = $100, Px = $10 and Py = $10 be the initial set of prices and income. Now,…
A: Effect on income: The income impact discusses how a change in the price of a good might affect the…
Q: Why do unions that have few or no minimum wage workers work to raise the minimum wage? O To drive as…
A: Workers are the people who work in the organisation.
Q: Explain how a firm in a competitive market identifies the profit-maximizing level of production.…
A: A firm in a competitive market can identify the profit maximizing level of production at that level…
Q: Consider an economy described by the IS-LM model. You are given the following data: MPC = 0.6, C * =…
A: Goods market is in equilibrium where Y=AE And money market is in equilibrium where real money…
Q: Total Total Total Average Average Average Total Man Product Fixed Variable Fixed Variable Total Cost…
A: Total cost is the sum of fixed cost and variable cost. Marginal cost refers to change in total…
According to John Rawls, society gains more from improving the welfare of the rich household.
TRUE OR FALSE
Step by step
Solved in 2 steps
- According to John Rawls, society gains more from improving the welfare of the rich household.A recent trend in health insurance is the Health Savings Account (HSA). The idea behind Health Savings Accounts is that rather than providing employees with health insurance that makes visiting doctors cost little more than a simple $10 or $20 copay the employer gives the employee money to use to spend on health care, but the employee bares the entire cost of seeing the doctor. What money given for health care not spent by the employee can be withdrawn by the employee as if it was additional income. It is believed that Health Savings Accounts will reduce the total amount of money spent on seeing doctors. Using Supply and Demand analysis, explain why there is the expectation that HSA’s will reduce spending on doctors.Discuss whether merit goods and demerit goods are best provided by the market economy.
- In 2013 the UK government introduced a Help to Buy scheme that was aimed at helping people to get on the property ladder, i.e., buy their first home. The details are complex, but economically, the scheme offered a subsidy to first-time buyers. In 2013 the UK suffered from a relative shortage of housing and, at the same time, had no significant house-building programme. What are the consequences of such Help to Buy scheme under these circumstances? Who benefits most from such a scheme? Buyers, or sellers? Explain in economic terms. The elasticity of demand for the London Underground is estimated to be around -0.3 in the short term (one to two years). In 2018 there were around 1,400 million passenger journeys on the London Underground. Revenue from the London Underground in 2018 was £2,669 million. For 2019, Transport for London would like to increase the average fare by 4%. Explain and answer the following questions: In 2018, what is the average fare for the London Underground?…In 2013 the UK government introduced a Help to Buy scheme that was aimed at helping people to get on the property ladder, i.e., buy their first home. The details are complex, but economically, the scheme offered a subsidy to first-time buyers. In 2013 the UK suffered from a relative shortage of housing and, at the same time, had no significant house-building programme. What are the consequences of such Help to Buy scheme under these circumstances? Who benefits most from such a scheme? Buyers, or sellers? Explain in economic terms.According to John Rawls, the welfare of society only depends on the welfare of the ------------ household. Fill in the Blank
- How does the microeconomic theory of fertility relate to the theory of consumer choice?Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be reallocated to make one individual better off without making at least one individual worse off. Pareto efficiency implies that resources are allocated in the most economically efficient manner, but does not imply equality or fairness. An economy is said to be in a Pareto optimum state when no economic changes can make one individual better off without making at least one other individual worse off.To simplify analysis and discussion the model for general equilibrium uses the two person, two goods and two resources (or 2 X 2 X 2 model). The investigation is done in three steps:• Consumption efficiency • Production efficiency• A combination of Consumption and Production efficiencies. Critically analyze the concept of Pareto efficiency. Use relevant theory and diagrams to support your analysis.How is top-down budgeting different from bottom-up budgeting? Which of these methods is more widely accepted? What have been some of the attempts to reform bottom-up budgeting?
- Economics Draw a Microeconomic Theory of Fertility and then describe the diagram starting from the mathematical formula until their conclusion.Do you think Pareto Efficiency is enough to explain welfare economics?Most economics textbooks do not mention kickbacks since they assume: Consumers spend their own money purchasing what they consume. Consumers are rational and respond to incentives. Property rights are well defined. Government officials are altruistic and do their best to help voters.