K.e.y. .t.a.k.e.-.a.w.a.y.s. .a.b.o.u.t. .T.h.e. .2.0.2.3. .S.t.a.t.e. .o.f. .t.h.e. .N.a.t.i.o.n. .A.d.d.r.e.s.s. .t.h.a.t. .w.a.s. .d.e.l.i.v.e.r.e.d. .b.y. .P.r.e.s.i.d.e.n.t. .B.o.n.g.b.o.n.g. .M.ar.c.o.s. .o.n. .J.ul.y. .2.4.,. .2.02.3.
Q: Assuming that capital accumulation is equal to savings, show that If the initial capital is c,…
A: Given:(Production function ) Q = atK(Saving function) S = Q - btAssuming capital accumulation is…
Q: Wage productivity productivity Wage productivity Wage. productivity Oc) Od) VMP, productivity None…
A: The study of how people, corporations, and government officials make employment decisions is known…
Q: Draw and label a graph that depicts a downward-sloping demand curve and an upward-sloping supply…
A: The demand curve illustrates the relationship between the quantity of a product or service that…
Q: Candice and Dominica are engaged in exchange over two goods: boxes of pens (x) and boxes of paper…
A: The Edgeworth box is a method used in economics to examine how resources are distributed among two…
Q: Part 2: The United Kingdom and Australia are trade partners, each with a current account balance of…
A: "Since, it was not specified, which question to answer, we are providing the solution to the first…
Q: Consider a model with two countries, France and Germany. France exports wine to Germany, and Germany…
A: International trade relations are the academic investigation of resources, industrial-related…
Q: A certain warehouse is worth Php 1,650,000. The average value of the merchandise in the warehouse is…
A: Cost of insurance Annually :Warehouse = 1% of 1,650,000 = 16500Merchandise = 0.9% of 1,500,000 =…
Q: Companies of the World's Most Ethical Companies index have shown to: O Perform less well than the…
A: The Ethisphere Institute's index has important economic significance for the global economy. An…
Q: barely enough room for customers to stand and wait, let alone the three paza avans necessary to keep…
A: Total cost is equal to the sum of total variable cost and total fixed cost. Total variable cost is…
Q: Some devices can be obtained for $20,000. At the end of 5 years, they can be sold for $2,000.…
A: Depreciation should be charged for the period used, according to the customary procedure of the…
Q: 8. Inflation-induced tax distortions Kevin receives a portion of his income from his holdings of…
A: Nominal interest rate include the effect of inflation. Real interest rate is inflation adjusted…
Q: Consider a situation in which two countries, Home and Foreign, can produce a good that is subject to…
A: The first step is to define the functions that will represent the average cost (AC) and demand for…
Q: Provide a diagram showing the inefficient or underemployed resources in a hypothetical economy
A: To maximize production and economic growth in a hypothetical economy, resource allocation efficiency…
Q: Present Value of an Annuity Estimate the present value of an annuity if payments are $1300 monthly…
A: Present value is the concept that values the current worth of future cash flows, accounting for the…
Q: If the price elasticity of demand for good X is 3.2, and the original quantity demanded is 40. Then…
A: As the price of the good x falls the quantity demanded would rise. The price elasticity of demand…
Q: Question 31 A production possibilities curve that is a straight line results O always exchanging one…
A: PPF stands for Production Possibility Frontier. It is a graphical representation that shows the…
Q: Select the 2 statements that are correct. Figure 8 Baseballs 200 150 100 50 300 400 Bananas A.B…
A: The production possibility frontier (PPF) is a graphical representation illustrating the various…
Q: 5(a) Suppose that preferences are continuous and monotonic. Then show that an allocation is weakly…
A: In the field of economics, efficiency is defined as improving productivity or welfare using the…
Q: Consider the following game theory matrix with two firms and the effects of profits with the…
A: A payoff matrix is a table used in game theory to represent the possible outcomes of a strategic…
Q: Markets would be inefficient if irrational investors. a. existed; unlimited O b. did not exist;…
A: Markets would be inefficient if irrational investors ___________ and actions of arbitragers were…
Q: In the short run, a firm cannot vary its capital, K=2, but it can vary its labor, L. It produces…
A: MPL stands for Marginal Product of Labor. It is a concept used in economics to measure the…
Q: 15. You want to open a new business but for the first 3 years you wont make any income as it takes…
A: Business refers to an organization or entity engaged in commercial, industrial, or professional…
Q: Consider the two-period dynamic labour supply model discussed in this chapter. What, if any thing,…
A: An economic framework called the two-period dynamic labor supply model is used to examine how people…
Q: 3-10 year b-Find the resent worth for a factory that has the cash flow as shown in the figure bellow…
A: Interest rate / MARR = 10%Cashflow:YearCashflow0-10000102035000450005500060760008600096000106000To…
Q: MC of magnets is $0.50 per magnet & MC of producing mugs is $2.00 per mug. Both firms simultaneously…
A: The price and quantity in a market at which supply and demand are equal is referred to as…
Q: 2.00 1.80 1.60 1.40 1.20 1.00 0.80 0.60 0.40 0.20 0 0 Demand I I I I 5 MR 40 15 20 25 30 35 QUANTITY…
A: Oligopoly is a form of market where there is only a limited number of firms or suppliers who have a…
Q: A firm has the production function Q = 20K0.210.8, where Q measures output, K represents machine…
A: Production function: Q = 20K0.2L0.8Rental rate of capital (R) = $15Wage rate (W) = $10The firm wants…
Q: 5. The Role of Government: Quota - Quantity Regulation Smoking imposes health risks to others and…
A: An externality, in economics, refers to a side effect or consequence of an economic activity that…
Q: 30 23 16 A B E IC Multiple F 20 B D If a price floor is set at $23 in the market shown in the graph,…
A: Consumer surplus is the area below demand curve and above price. Producer surplus is the area below…
Q: an interest rate is the “price” of money, similar to how a wage is the “price” of labor. If the…
A: The Equilibrium occurs where the demand and supply for money are equal. The change in money supply…
Q: 10. The utility function of a consumer is as follows: U(x1, x2) = max {ax₁, ax2} + min{x₁, x2} where…
A: The demand function provides the relationship between the price and the quantity demanded. For a…
Q: ose we have two people in the market for good tions are as follows: XA = max{0, 20 - 2p}, XB and and…
A: It can be defined as a situation in an economy for any specific product when demand for that…
Q: Matt loses his job as a solar panel installer and cannot find another position with equivalent pay…
A: Unemployment refers to the situation when a person wants to work and is capable of working but is…
Q: The payoff matrix in the figure to the right shows the payoffs for a pricing game. If you were firm…
A: A payoff matrix is a tabular representation used in game theory to illustrate the outcomes of…
Q: (a) Write down the extensive form of this game. (b) Assume k = 2. Solve for all subgame perfect Nash…
A: To write down the extensive form of the game, we need to represent the sequential order of moves and…
Q: A 3-month $28,000 treasury bill with a simple annual discount rate of 0.27% was sold in 2016. Assume…
A: Treasury bill:Duration = 3 monthsFace value = $28,000Simple annual discount rate = 0.27%Year = 2016…
Q: suppose you have a fixed income of $3000 per month and you want to allocate your budget between two…
A: Monthly income (M)= $3000Price of good x (Px) =$10 per unitPrice of good y (Py)=$20 per unit.Budget…
Q: A R1 R2 C1 5,4 6,4 B C2 11,5 9, 2 n this game between players A and B, Only A has a dominant…
A: Dominant Strategy: The dominant strategy is the best response of all other strategies doesn't matter…
Q: Based on your understanding of the labor market model presented by the wage setting and price…
A: Labor market is constructed of labor demand made by the industries and the labor supply produced by…
Q: (J) please answer ASAP.... ques- Which of the OCA criteria the EMU satisifies? Group of answer…
A: OCA criteria, or Optimum Currency Area criteria , are a bunch of economic circumstances that are…
Q: You and the driver of the other car were the only people involved in the accident. You were not…
A: Liability insurance coverage is a type of insurance that provides financial protection to…
Q: Explain the difference in the use of VAR models to perform forecasting and structural inferencing
A: The Vector Auto regression (VAR) model, a time series technique commonly employed to examine the…
Q: Because sterilized interventions mean offsetting open market operations, there is no impact on the…
A: Open market operation refers to buying and purchase of government securities from the open market by…
Q: 5. What is the present value of a continuous wage flow lasting for 25 years at the constant rate of…
A: Present value (PV) is the value of an expected still up in the air as of the date of valuation. The…
Q: "Macroeconomics is the study of economic activity at the aggregate level, examining the entire…
A: Macroeconomics is indeed the study of monetary activity on the aggregate degree, focusing on the…
Q: Define and discuss direct price discrimination (sometimes called third degree price discrimination.…
A: Direct price discrimination, also known as third-degree price discrimination, occurs when a seller…
Q: Suppose a small country, Country X, is considering implementing a Carbon Tax to address…
A: A Carbon tax is a fee imposed on the carbon content of fuels.The tax is levied to reduce carbon…
Q: Macmillan Learning Suppose the government decides to impose a binding price ceiling on the market.…
A: Price controls refer to regulations imposed by the government, restricting the prices at which goods…
Q: Case Study: Production Possibility Curve for a Developing Country Introduction This case study…
A: The maximum output of two items or services that an economy can generate given its technological and…
Q: Refer to the tax table below. If your taxable income is $8,000, your average and marginal tax rates…
A: The marginal tax rate is the tax rate applied to an additional dollar of income earned by an…
K.e.y. .t.a.k.e.-.a.w.a.y.s. .a.b.o.u.t. .T.h.e. .2.0.2.3. .S.t.a.t.e. .o.f. .t.h.e. .N.a.t.i.o.n. .A.d.d.r.e.s.s. .t.h.a.t. .w.a.s. .d.e.l.i.v.e.r.e.d. .b.y. .P.r.e.s.i.d.e.n.t. .B.o.n.g.b.o.n.g. .M.ar.c.o.s. .o.n. .J.ul.y. .2.4.,. .2.02.3.
Step by step
Solved in 3 steps
- Although self‑driving cars are still not trusted by most consumers, demand for them among technology enthusiasts has encouraged auto manufacturers to invest huge sums of money into their development. a. Self‑driving cars are currently on the a.upward‑sloping b.downward‑sloping portion of the network demand curve. b. Since every major automaker is investing in self‑driving technology, the industry a.has not reached b.has reached its tipping point.From the article: "The Centers for Disease Control and Prevention said..that keeping middle seats open [on airline flights] could sharply reduce the risk of exposure to the [Covid-19] virus." If tickets for all middle seats on a flight from Denver to Chicago are not sold: A - the fixed cost of the flight from Denver to Chicago would be less than if tickets for middle seats were sold. B - the profit from the flight from Denver to Chicago would be greater than if all tickets were sold. C - the airline selling the tickets would not be able to make a profit from this flight. D - passengers' willingness to pay for the other seats on the flight would decrease. E - the fixed cost of the flight from Denver to Chicago would not change.Look around you for any 3 unethical acts. We are to show the source of our answers whether we got our info from the net,radio etc.
- INTERNATIONAL TRADE The president of a remote island nation has closed the borders of this country to international trade because of the COVID-19 pandemic. Prices of goods and services in this country will be governed by what principle? A. Autarky. B. Oligopoly. C. Autonopoly. D. Bertrand collusion equilibrium. Explain your answer in up to 200 words and using a diagram25. There are many small firms producing paper in a community. Each firm's goods are identical to the others. The firms have always used to river to dump manufacturing wastes. Which of the following is true? There is no market failure in the industry. а. b. There is market failure because of the externalities. C. There is market failure because this description suggests an oligopolistic industry.An example of commodity bundling is A. the King and Prince resort on St. Simon's island offering a golf package that includes an overnight stay at the resort and a round of golf. B. Amazon suggesting to customers that they buy sound bars when the customers add an expensive television to their shopping cart. C. Walgreen's offer to sell one box of Tide detergent at full price and the second box at 50 percent off. D. the different sized boxes of popcom that Regal Cinemas sells to its customers.
- Identify an article from the Wall Street Journal within the last six weeks that relates to one of the following topics: (1) Factors in an organization's external environment that had an impact on the organization. (2) Factors in an organization's internal environment that had an impact on the organization. (3) An article that provides examples of an organization exploiting the resources of a competitor to strengthen its competitive advantage. First, Summarize the article Next, Discuss what you found interesting, educational, insightful, etc.? Then, Discuss how the article you found relates to the material you read for this week. Summarize your post. You should not type the questions, the discussion post should flow as one document. Think of my directions as writing prompts. Each paragraph needs at least 4-5 sentences16. Which of the following is NOT a filter in Herman and Chomsky's propaganda model? (A) Flak. (B) Profit. (C) Ideology. (D) Advertising. 17. In 2002-2003, an unproven conspiracy theory was floated around, that Saddam Hus- sein illegally held weapons of mass destruction (WMDS). The U.S. government, under President George W. Bush, repeated this assertion to American media in Washington, D.C, who did not sufficiently investigate whether Bush's allegations were true. Neverthe- less, the media reported that Saddam Hussein had WMDS. Based on this information, which filter is operating to cause the media to report that Hussein had WMDS? (A) Ownership (B) Profit. (C) Sourcing. (D) Flak.Henry and Harper decide to open a concession stand next to a city park that has a number of sports fields. They each contribute $1,000 and rent a small food trailer and buy supplies. They anticipate being busy, so they hire James to help out and pay him weekly. The first summer, they make $12,000 and incur $6,000 in costs. How much profit is made and who will receive it?
- ADJ Enterprises produces hydrothermocorticoids. The table below shows the costs of producing various quantities of hydrothermocorticoids. Quantity Total Cost Average Cost 0 $0 -- 1 $10 $10.00 2 $12 $6.00 3 $15 $5.00 4 $19 $4.75 5 $24 $4.80 6 $30 $5.00 7 $45 $6.43 ADJ sells its hydrothermocorticoids for $5 each (that is the price regardless of the number of hydrothermocorticoids it sells). Use the Profit-Maximizing Rule to explain the quantity that ADJ should produce to maximize its profits. You may use a calculator. You should explain the details of any calculation you perform. You should identify, explain, and apply the concept you use to answer this question. To receive full credit, your explanation must show all steps in any calculations you perform. Your explanation must also incorporate the profit-maximizing rule – state what that rule is and explain how it applies to ADJ’s situation. Note that it is…The president of a remote island nation has closed the borders of this country to international trade because of the COVID-19 pandemic. Prices of goods and services in this country will be governed by what principle? A. Autarky. B. Oligopoly. C. Autonopoly. D. Bertrand collusion equilibrium.Your niece owns a different type of chicken restaurant. She specializes in chicken and noodles and chicken pot pie. Her pot pie is the better seller. However, when its cold outside, the chicken and noodles is the better seller. She goes through about 100 chickens every two days. It takes about 60 chickens to make 600 pot pies. The other 40 chickens are used to make about 320 chicken and noodle dishes. When its cold outside it takes 70 chickens to meet the demand for chicken and noodles. Construct a production possibilities model that graphically illustrates this problem.