14. Choose the best answer. Market demand is equal to a country's total for a specific product or service. profit GDP revenue market share

Q: Refer to the accompanying graph. Which event would cause the supply curve to to the right? O a)…

A: Supply curve is upward sloping. Increase in supply is represented by the rightward shift of the…

Q: A single-price monopoly transfers economic profit to consumers consumer surplus to producers O…

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Q: Each of the following single items is an example of a security except: O 3-month Treasury bill O…

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A: Here, it is given that a small open country imposes tariff on imports and redistributed the tariff…

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A: Answer; Option C is right answer.

Q: Consider Alexei who makes $1,400 per week and just won a ‘set for life’ lottery ticket which…

A: Budget Constraint shows that the value of all the goods that a consumer consumes should be less than…

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A: A carbon tax program that is viewed as unfair has a lower chance of passing and staying in place.…

Q: Period 1 3 4 5 Gross Requirements 50 50 50 50 50 50 Scheduled Receipts On Hand Inventory 75 Planned…

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

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Q: Zoe is trying to decide how to divide her time between her job as a wedding photographer, which pays…

A: The answer is as follows:-

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A: It is an asymmetric two-country Melitz model.

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A: Introduction : The Heckscher-Ohlin model is an economic theory that proposes that countries export…

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A: Addressing our own needs without affecting future generations' ability to satisfy their own is what…

Q: Identify a perfectly competitive firm that you have purchased a good or service from in the last…

A: Firms are said to be in perfect competition when the following conditions occur: (1) many firms…

Q: I value of Q-14 257 800 and that A- 35 600. How would the optimal value of Q change if the budget…

A: Given, Maximum output = Q = K2L Budget constraint = 3K+2L = 1200 Q's optimal value = 14257800 And, λ…

Q: 11. A key to business success is to decide in advance how to respond to the issues that   underlie…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: Question 44 In the market for corn, a natural disaster destroys must of the crop.…

A: Market equilibrium refers to that situation when the demand of a commodity is equal to the supply of…

Q: Consider the demand function D (p) = 93 – 4p. When the price changes from Pi 5 to p2 (numeric, round…

A: Demand curve shows an inverse relationship between price and quantity demanded. Consumer surplus…

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A: Given,  The Acquisition cost is $100kThere are two demand with two probabilities : Low Demand with…

Q: The Melitz (2003) model can account for positive selection of firms into export.  True  False

A: It is an asymmetric two-country Melitz model.

Q: 1.Sadie's Cleaning Services is a perfectly competitive firm that currently cleans 20 offices an…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: Principal-agent theory deals with the problem of: designing an efficient contract between the…

A: The principal-agent theory refers to a dilemma that occurs when a person or group's priorities…

Q: Find the consumer's and producer's surplus if for a product D(x) = 16 – 0.005x² and S(x) = 0.004x² .…

A: Given  Demand function: D(x)=16-0.005x2              .... (1) Supply equation: S(x)=0.004x2…

Q: ation b. Check for your answer. Show all the necessary steps. dt - 7y = 21 siven MC = Dtc/dQ =…

A: 5. TC(Total cost) is the sum of TVC(Total variable cost) and TFC(Total fixed cost). ATC(AVERAGE…

Q: ves itself. QUESTION 32 Currency in circulation plus bank reserves: OA. form the monetary base. B.…

A: Currency in circulation refers to the amount of money that people hold in their hands.

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A: Given information Survival daily consumption worth for labor=$40 Value of 4 hours of work for labor=…

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Q: Consider the short-run and long-run Phillips Curves illustrated in the figure below. Suppose…

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Q: What activity defines a market? a) Buyers and sellers negotiate with one another. O b) The…

A: Market: - Market is a place where the buyers and sellers interact with each other in order to…

Q: Legal reserve requirements:   Question 56 options:   a)  set the minimum amount of reserves a bank…

A: Reserve requirment= Cash reserve ratio reserve requirement/Bank deposit*100

Q: The short-run aggregate supply curve will shift to the right. The aggregate demand curve will shift…

A: Aggregate demand (AD): - It is the total demand of goods and services in an economy at a particular…

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A: In an economy, people make their consumption and savings decisions based on their income level and…

Q: Consider the following data on two fictional countries: 1 and 2. . Country 1 Country 2 Output per…

A: Given; Production Function; y=Akαh1-α where; α=0.5   Country 1 Country 2 Output per worker 120…

Q: Economic growth is defined as the percentage change in O a) population. O b) price level. O c) real…

A: Economic growth refers to increase in income.

Q: How do you see the FUTURE OF GLOBALIZATION?

A: There has been an increase in the number of people, corporations, and governments engaging and…

Q: Deadweight loss is defined as O a) the dollar cost of a tax per unit of sale. O b) the cost to…

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Q: Discuss the similarities and differences between monetary policy and fiscal policy as a tool to…

A: The monetary policies are those policies which are enacted by the central bank of a country to…

Q: When the unemployment rate is equal to its natural rate-that is, no cyclical unemployment exists-the…

A: Unemployment rate refers to the percentage of labour force that is unemployed. Unemployment occurs…

Q: Assume someone organizes all farms in the nation into a single-price monopoly. As a result, the…

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Q: 1. Scarcity, opportunity cost, and marginakanalysis Kate is training for a triathlon, a timed race…

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Q: The entry effect refers to: the number of immigrants that end up returning to their home country the…

A: The entry effects refers to the number of Canadians who experience job loss because of an inflow of…

Q: In the following normal form game, perform iterated elimination of strictly dominated strategies.…

A: The Nash equilibrium best course of action provided the strategy of rival firm has been given.

Q: Which of the following depicts the situation of deferred wages with company- specific training?

A: Deferred wage is referred to the influence of seniority on the wage rate. An individual may gain a…

Q: Consider a remote town in which two restaurants, All-You-Can-Eat Café and GoodGrub Diner, operate in…

A: From the information given we complete the table:   Clean Up Does not Clean up Clean Up…

Q: Refer to the Table Below. What is the CPI in 2019 if the reference base period is 2002? TABLE 1…

A: CPIt = (price of basket in year t)*100/ (price of basket in base).

Q: In 3-5 sentences, evaluate if the United States has been a leader in the global economy in recent…

A: The U.S. is a  mixed economy, displaying qualities of both capitalism and socialism. Such a mixed…

Q: How does monopolistic competition differ from perfect competition A) There are more sellers in a…

A: The monopolistically competitive market is different from the perfectly competitive market in a way…

Q: Inverted yield curve (Treasury inverted yield curve) and what it means for the Economy.

A: The extraordinary decline in rates on longer-term debt below yields on short-term debt of the same…

Q: Suppose that there is a hurricane that leads to the destruction of some of the nation's capital…

A: A Supply Shock is defined as an event which is unexpected and changes the supply of a good, which…

Q: 450 so0 550 soo eso 700 750 000 De Refer to the Figure. If there are no fixed costs of production,…

A: Answers   1) option cthe profit = TR - TCHere TR = 250*22.5, ie, $5625.The TC = AC *Q, ie, 250*10,…