Let L represent the number of workers hired by a firm and let Q represent that firm’s quantity of output. Assume two points on the firm’s production function are (L = 12, Q = 122) and (L = 13, Q = 132). What is the marginal product of the 13th worker?  A. 122 units of output  B. 10 units of output  C. 8 units of output  D. 130 units of output

Q: prior 008.) Assume that banks do not hold excess reserves and that households do not hold currency,…

A: Affecting loan fees, printing cash, and setting bank savings necessities are on the whole devices…

Q: For the cash flows shown, determine the incremental cash flow between machines B and A for (a) year…

A: Given: First Cost: A: -15000, B:-25000

Q: What are some examples of rural and urban development?

A: Rural development is defined as a development and improvement in the productivity, social economic…

Q: What uniform series over periods (1,8) years is equivalent at 15 % compounded annually to the…

A: Given

Q: When a profit-maximizing firm is earning profits, what can identify those profits?  A. (P – AVC) × Q…

A: Profit maximization is the goal of all the firms operating in the market.

Q: Inflation Unemployment If the Phillip eurve shows that unemployment is low and inflation is high in…

A: In an economy, the Philips curve is used by economists to analyze the economic growth of that…

Q: Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and…

A:

Q: 3. Use the best-response curves to find all Nash equilibria (in both pure and mixed strate- gies) of…

A: Disclaimer: Since you have posted multiple questions, I am providing you with the answer to the…

Q: The iron triangle means there are inevitable trade-offs between the three key aims of welfare…

A: The name "Iron Triangle" means that once the task is decided will happen for sure, irrespective of…

Q: .    Total quantity sold at both prices is Q3 = Q1 + Q2 = ___________.  4.    The profit earned from…

A:

Q: The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion. How much…

A: The savings rate in a country is 25%. The government wants to expand GDP by $300 Billion.

Q: possible What limits a consumer's consumption choices? A consumer's consumption choices are limited…

A: Consumer can only buy a good which is affordable for him and lies within his budget.

Q: 2. (nts) Mary has the utility function u(x,y) = Inx + x². Are her preferences strongly convex?

A:

Q: Explain one of the causes for acquisition of ownership with contemporary examples.

A: When one business acquires the majority or all of the shares of another company in order to gain…

Q: A food truck gyro vendor has weekly fixed costs of ​$550​, and variable costs of $4.55 for each gyro…

A: Cost is the sum of fixed cost and variable cost

Q: A time-sharing condominium firm offers prizes to people who visit its project and listen to a…

A: Compound interest is the interest forced on a credit or store sum. It is the most normally involved…

Q: Suppose the U.S. has a closed economy with GDP (Y) equal to $19.4 trillion, consumption (C) equal to…

A: Here, the information about the income and the components of AD, such as consumption, government…

Q: John has $300 as income and he uses his income only for apples and bananas. If he uses his income…

A: Budget line is the two goods possible combinations that a consumer can buy with given level of price…

Q: What would happen to wages and number of individuals employed in that market if new law required all…

A: The demand curve for labour, under the ceteris paribus assumption, shows the amount of labor…

Q: Use the graph of the polynomial function f(x) (a) to solve f(x) = 0, and (b) find the factorization…

A:

Q: 8. (Short-run vs long-run) Consider the following cost minimization problem min(L, K) rK + wL + F…

A:

Q: World population growth rate from the 6th billion to the 7th billion shows a(n)- O Increasing at a…

A: The "population growth rate" is the rate at which the number of people in a population increases…

Q: Refer to the following formula for expected payoff Expected payoff (Probability of rival matching…

A: The correct answer is given in the second step.

Q: TOPIC: Dynamic Model of Money Explain this statement: "The dynamic model of money starts with the…

A: In the long run, the steady state of the dynamic model of money may be determined, in which all…

Q: 3

A: The aggregate demand curve shows the inverse relationship between the price level and the total…

Q: 1. Use a saving-investment diagram to explain what hap- pens to saving, investment, and the real…

A: Meaning of IS-LM Curve: The term IS-LM curve refers to the combination between market goods and…

Q: QUESTION 2 What uniform series over periods (1,8) years is equivalent at 15 % compounded annually ?…

A: In the given problem, uniform series of an equivalent total, A, is contributed toward the finish of…

Q: The measurement of the efficiency of investment in inventory is referred to as: Question 6 options:…

A: PLEASE FIND THE ANSWER BELOW.

Q: Assume that n= 1. The real interest rate is %. (Round your response to two decimal places.)

A: Real Interest Rate refers to the interest rate that has been adjusted for inflation. It shows the…

Q: In Missouri, to avoid having to repeat the pre- examination course, how soon after satisfactory…

A: There are a number of steps that need to be followed in order to get the license as a salesperson,…

Q: What are the conditions that distinguish perfect competition from other market structures?

A: In case of Perfect Competition there are large number of buyers and sellers selling identical…

Q: Question 1 Homework Unanswered The M1 measure of money is: Select an answer and submit. For keyboard…

A: The term "money supply" refers to the amount of currency and other liquid instruments in a country's…

Q: After paying an economist to estimate the price elasticity of demand for socks, sock manufacturers,…

A: Price elasticity of demand measures the percentage change in quantity demanded due to change in…

Q: (d) Assume a 16 year old named William Gates writes a computer program in his garage. The software…

A: Gross domestic product is the total value of goods and services that are produced in the economy in…

Q: 4 Suppose a closed economy not in full employment. Consider a positive IS shock. Describe in detail…

A: The term IS refers to the fact that in a closed economy  the curve represents the income and…

Q: 12. Explain in details the model graph in the North West Government North-West LRAS economy SRAS P1…

A: In the above economy of the North-West government, Actual Real GDP: This occurs when AD is equal to…

Q: An auto manufacturer is considering adding new automation to their assembly line to production…

A: *Answer:  As per the beta distribution, the average revenue for an year can be calculated as:…

Q: If supply and demand function likes P=20+2Qs and P=60-3Qd. And government decide impose ceiling…

A: Price ceiling is the maximum price that can be charged. It is imposed to protect consumers against…

Q: For the demand function Q = 700 – 7P+3A³ + 0.008Y2 where P is the price of the good, A is the…

A: Q = 700-7P+3A3+0.008Y2 3. Q = 700 - 7(6) + 3(3)3 + 0.008(90)2 Q = 700 - 42 - 27 + 64.8 Q = 695.8 ep…

Q: Please Solve the subpart a and b max in 30 minutes thank u a) Describe the picture below! What does…

A: Answer a.  The picture shows the Money Market. The price of money depends on the supply and demand…

Q: Outline the elements of the digital business environment for an organization and explain its…

A: Digital businesses use technology to form new value in business models, client experiences and also…

Q: Consider the table at right showing the supply schedules for three competitive firms, each producing…

A: The industry-supply curve is the flat summation of the supply curves of the singular firms. It is…

Q: .Using the graphical representation of Solow growth model explain what happens in each of the…

A: Steady state level of growth is the key concept of Solow model that shows that economy is growing at…

Q: Economic profit is the difference between total revenue and the A) costs of resources bought in…

A: Economics is the study of the scarcity of resources and unlimited wants. The scarcity of resources…

Q: Using a graph for the loanable funds market of this economy, show what are the effect on the…

A: The market for loanable funds describes how borrowing happens in the market. The supply of loanable…

Q: a) Explain how the Black-Scholes option pricing model builds on the binomial model. Where does it…

A: Black Scholes refers to the pricing model that is used for the search of fair price or the…

Q: mem Two 0 Foreign cumeney deposts of residents booked in Canada 2. Personal savings deposts t the…

A:

Q: Inflation Unemployment If the Phillip curve shows that unemployment is low and inflation is high in…

A:

Q: 1. Suppose a monopoly firm has the following Cost and Demand functions: TC=2Q2 P=40-2Q MC=4Q…

A:

Q: What are the four determinants of the demand of the Canadian dollar?

A: The urge to hold financial assets in the form of money is referred to as money demand. These…