Leasing a car might be a good option for someone who O wants to customize their car O drives a lot of miles every year O always wants to drive a newer car wants to own the car at the end of the term

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Q: A person with utility function Ux, y) = 5+ y+ 2x has nonconvex preferences. True False

A: Answer:- TRUE

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A: Answer is given below  

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A: Given:When 6 employee is hired:MPL=9Price of output=$8

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A: GIVEN   A B Installed cost $45,000 $54,000 Annual Benefit $0 $0 Annual cost $2700 $2850 S...

Q: 1. Suppose a closed economy has national income of $50 million, Investment of $2 million, Inflation ...

A: Total tax rate= (Net tax rate+Rate of inflation)=(15+5)%=20% Total tax revenue=T= $(50*0.2) mil=$10 ...

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A: Answer:

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A: Point Price  Quantity  B P1=43 Q1=480 C P2=46 Q2=460 Mid point method of price elasticity of ...

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A: Price elasticity of demand is the ratio of percentage change in demand of a commodity and percentage...

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A: Higher pricing for major factors will shift aggregate supply to the leftward, as shown in the graph ...

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A: Given that; First cost of the bridge= P5,000,000 which is already a present worth. It has an annual ...

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A: Point Price  Quantity  C P1=17 Q1=180 D P2=18 Q2=170 Price elasticity of demand (Mid point me...

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A: Training: Preparing is instructing, or creating in oneself or others, any abilities and information ...

Q: If tax revenues are lesser government expenditures in a year, the budget deficit would be negative.

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Q: Find the marginal revenue function for the total revenue function given by 1 TR(Q) = 500Q Q3 3.

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

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A: Given:  Revenue of the firm = $40 million per month. Worker Compensation = $30 million Renting of ma...

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Q: Fl in the missing blanks in the folowing table. Assume for simplicity that taxes are zero. Also assu...

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Q: £/unit 100 90 SRMC 80 70 60 50 40 30 SRAC 20 10 MR D= AR 10 30 40 50 60 70 80 90 100 Units Figure 11...

A: The given graph shows the cost and revenue curves of a firm at different output level.  

Q: The table shows the price and quantity demanded for coffee mugs. Using the Midpoint Method, what is ...

A: Point Price  Quantity  D P1=26 Q1=9400 E P2=28 Q2=9200 Price elasticity of demand (Mid point ...

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Q: a. The Covid-19 pandemic has signifigantly effect the economy around the world and the suitable poli...

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Q: Suppose that the required reserve ratio is 10%. The table below shows the balance sheet (in millions...

A: Given:Deposits=1000Reserves=200Required reserve ratio=10%

Q: Consider the following version of the short run monetary model: MD/P = exp(-0.50*i)*Y (UK) MS = M i=...

A:

Q: 5.9 Share elasticities In the Extensions to Chapter 4 we showed that most empirical work in demand t...

A:   a. ∂sx∂I=∂(pxxI)∂I=px(-1I2x+I∂x∂I) The share elasticity is calculated by, ∂sx∂IIsx=px(-1I2x+1I∂x∂I...

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Q: Nominal Interest Rate Inflation Rate Year (Percent) (Percent) 2004 1.6 2.7 2005 3.4 3.4 2006 4.8 3.2...

A:

Q: What is the likelihood that firms would enter the market in the short run. (Use Covid 19 as a market...

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Q: 1. Calculating inflation using a simple price index Consider a fictional price index, the College St...

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

Q: ak Creek company sold 55,500 units nfinity TV in 2019. The following year, the umber of Inifinity TV...

A: Income elasticity of demand depicts percentage change in quantity demanded with respect to percentag...

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A: The given graph shows shift in demand and supply curves according to different situations with the i...

Q: For the demand schedule p = 40 – 0.5g find the value of MR when q = 15. %3D

A: Here, dand equation is given as: p=40-0.5q Using the demand equation, one can identify the total rev...

Q: Common resources are goods that are and Select the correct answer below: non-excludable; rivalrous e...

A: Answer is given below    

Q: A 10,000 Par Disney bond has a 4% coupon and will mature in 10 years.   If its yielding (YTM) 5% w...

A: Yield to Maturity: The yield to maturity (YTM) is the expected annual rate of return for a bond assu...