An example of a variable cost is O a lease payment O the cost of labor O administrative overhead O insurance

Q: 2. Consider a country operating under fixed exchange rates, with aggregate demand and aggregate supp...

A: Aggregate supply(AS) is a total quantity of an economy supplied at a different price level and Aggre...

Q: Suppose the economy has 100 units each of goods X and Y and the utility functions of the (only) 2 in...

A:

Q: Jim is at an all-you-can-eat buffet and is considering whether or not to get another plateful of foo...

A: Answer: Introduction of explanation: Marginal analysis is a method of making decisions based on the ...

Q: The total economic profit made by the monopoly would be the area described by the points.. MC Pat AT...

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

Q: Consider the Solow Model of a closed economy where the aggregated capital, K, the aggregated labour ...

A: Introduction Aggregate production function has given as Y = K2/3 L2/3 F(K, L) = K2/3 L2/3 F( K/L , 1...

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: In an economy, price ceiling refers to the one of the ways of controlling prices by the government a...

Q: 2. There are three student canteens serving different types of foods located at the campus. Table be...

A: [a]In the given details regarding the total cost incurred on the number of students served in the pa...

Q: 12. A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were...

A: The dollar amount of revenue at which a company earns a profit of zero is referred to as break even ...

Q: You won a prize in a contest! There are two choices: take the $500 prize today or wait one year and ...

A:

Q: As the case of the refined petroleum market, MBp=90-0.3Q, MCp=30+0.1Q, marginal profit=60-0.4Q, marg...

A: Negative Externality is the coat of society because it reduces the wellbeing of society such as poll...

Q: If a country is importing more than it is exporting it will have a balance of trade trade surplus ...

A: Balance of trade is the difference between the total value of exports and imports.  

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this af...

A: At a marketplace, when government intervenes to influence the market price z it is known as price co...

Q: Due to he learning effect it gets harder to produce each new product. Select one: True False

A: The learning effect describes the process through which education boosts productivity and raises wag...

Q: Question Mike Nelson, a CEO of Global Foods, Inc. asks his board of directors to approve a decision ...

A:

Q: The competitive firm's long-run supply curve is that portion of the marginal cost curve that lies ab...

A: A perfectly competitive firm's short-run supply curve is that portion of the marginal cost curve tha...

Q: Player 2 y 1,3 1,1 0,2 Player 1 b 3,1 2,2 1,0 C 0,2 1,2 3,0 If both player 1 and plater 2 are ration...

A: We will find the pure strategy nash equilibrium for this question. So, we have: If Player 2 chooses...

Q: How does savings change with changes in y1? Provide some intuition behind this result.

A: Marginal utility means the diminishing marginal utility which decreases with the rise in units of a ...

Q: Assess the effects of Price floor   (Hint: Government policies and intervention)

A: In a market, price floor refers to the government intervention through setting the minimum price of ...

Q: Determine if the statements are true or false. Justify your answer. 1. In a Stackelberg duopoly, in ...

A: There are different forms of market under duopoly system, such as stackelberg duopoly, cournot duopo...

Q: Assess the effects of Price floor.

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Q: Bid 1: 9% per year, compounded quarterly Bid 2: 3% per quarter, compounded quarterly Bid 3: 8.8% per...

A: When compounding effects are considered, the real return on a savings account or other interest-payi...

Q: Briefly distinguish the specific tax and Ad Valorem tax? Don't need any example or

A: A tax is a mandatory fee or financial charge imposed by a government on an individual or an organisa...

Q: 1. If demand is equally elastic, and price increases from 5 to 7, what is the total change? If price...

A: The measure that depicts the change in quantity being demanded of a good with respect to change in p...

Q: 3. Larry was accepted at three different universities and must choose one. Elite U costs $50,000 per...

A: Opportunity cost is the sum of value forgone in order to get another opportunity against choosen one...

Q: Marginal cost is equal to the change in average variable cost divided by the change in total output ...

A: Total cost is the sum of fixed cost and variable cost. Variable cost increases with increase in outp...

Q: Show that the equation x + 2y- 3x +5 =0 represents a parabola. Find the focus, vertex, axis and dire...

A: Answer:

Q: Define the meaning of ‘Economics’ and ‘Development’ within the context of Economic Development of na...

A: In every nation, governement is concerned about the economic development as it is the major part of ...

Q: what is the 4 factor that affects the level of interest rate? and how does each one work?

A: The cost of lending money is represented by an interest rate. On the other hand, it is a reward for ...

Q: A news report is released about the negative health effects of using notebook computers. Consumers a...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: What is the impact of air transport on the hospitality and tourism industry?

A: '' Since it is multiple question, we will solve the first question. If you want any specific questio...

Q: A telephone switchboard 100 pair cable can be made up with either enameled wire or tinned wire. Ther...

A: Number of soldered connection= 400 The cost of soldering a connection on the enameled wire= P16.50 T...

Q: Suppose that an economy that is initially in equilibrium sees an increase in investment spending. Ex...

A: Equilibrium in the market of goods and services occurs at the intersection of aggregate demand and a...

Q: MODIFIED TRUE or FALSE. Write “T” if the given statement is TRUE, correct and valid. Write “F”, if o...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...

Q: The statement "government should provide affordable health care coverage for every member of society...

A: In economics, we can undertake statements in two manners. One in which they are based on facts and r...

Q: The diagram below shows an AD/AS model for a hypothetical economy which is initially in a short-run ...

A: When an economy produces products at a point where full employment and potential GDP are attained, a...

Q: a. Classify each project as either simple or nonsimple. b. Use the quadratic equation to compute * f...

A: Given:

Q: Which of the following statements about the economy's aggregate demand curve is not correct? The int...

A: Aggregate demand is the total purchase of goods an services in the economy during an year. It is the...

Q: or the cash flow revenues shown below, find the value of G that makes the equivalent annual worth in...

A: Given: Annual equivalent worth=$500 Interest rate (i)=10% per year Gradient=G Number of years(n)=7

Q: 1)How do you go from many midpoint indicators to one endpoint indicator in LCIA, for example to DALY...

A: Before reaching the endpoint, a midway technique examines the effects earlier in the cause-effect ch...

Q: What are the different type of strike a labor union can form?

A: Strike action, sometimes known as a labour strike is a work stoppage caused by a large number of emp...

Q: If we assume that a cafe owner wants to increase the number of people she can serve lunch to and is ...

A: Answer: Introduction part: To some extent, all economic resources are  interchangeable.The cafe owne...

Q: Using the CES function given as u = (ax" + byP)F a) Calculate the indirect utility function b) State...

A: Utility function : U(x1 , x2 ) = (xp1 1+xp2)1/p  Budget Constraint : p1x1 + p2x2 = m  Firstly we der...

Q: If the demand and supply curves of two commodities A and B are given below find the equilibrium pric...

A:

Q: Solve the problem. A beverage company works out a demand function for Its sale of soda and finds it ...

A: When the demand is inelastic, the percentage change in quantity demanded is less than percentage cha...

Q: :On the CVP graph, the intersection between the total costs line and the Y axis represents The margi...

A: The point where the Y line and the fixed cost line meets is the Y-intercept which shows the intercep...

Q: The following graph shows the domestic supply of and demand for maize in Burundi. The world price (P...

A: A country becomes an importer when world price is less than domestic equilibrium price as at world p...

Q: M/c question - Micro 21)For a firm, what does the production function represent? A. the r...

A: 21) option c is the correct answer option-c       quantity of inputs and quantity of output   Explan...

Q: Consider the Nash Bargaining game. There are 2 players who have to decide how to split one dollar. T...

A: The Nash equilibrium is the point at which both participants' dominant strategies are in balance and...

Q: Review absolute and comparative advantages.  Personal private property protection allows for greater...

A: Absolute and comparative advantage are two important concepts in the field of international trade. 

Q: Figure 1 shows the China's Real GDP Growth Rate since 1981, the arrow indicator shows th trend of de...

A: Real GDP growth is defined as economic growth measured by Gross Domestic Product (GDP) from one time...