Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. How does this sale affect current GDP?

Q: choose a global event from the past 100 years such as pandemics, recessions and technological booms ...

A: our world economy is interrelated to each other country regarding trade as we call it international ...

Q: Thomas has the following utility function over milkshakes (m) and smoothies (S): U (m,s) =m+ 3s Toda...

A:

Q: Describe the modern capitalist system.

A: Modern Capitalist System focuses on the security from government, it includes both the new and old e...

Q: Explain the two sources for potential GDP growth words and diagrams

A: GDP is a proportion of the worth of the merchandise in goods and administrations created in the econ...

Q: Management decisions about demand, supply, production, pricing, and market structure are all microec...

A: According to the question, Demand, supply, output, price, and market structure are all micro-econom...

Q: A mechanic quits her current job, which pays $38,000 per year. She can take a job with another firm ...

A: Opportunity cost is defined as the cost incurred when an individual gives up one good for the other ...

Q: 7. A rightward shift in the short-run aggregate supply curve will occur when A-experts.exceed import...

A: The short-run aggregate supply (SRAS) curve depicts the aggregate quantity supplied by an economy co...

Q: To usher in a new era of transformative change for a more sustainable, equitable, and greener world,...

A: Sustainable development goals - Sustainable development goals are the specific goals to achieve glob...

Q: Please help me with this macroeconomics question! 5

A: macroeconomics means the study of the conduct of the public or economy as a whole. It is worried abo...

Q: 1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,5...

A: Present value is the concept that states an amount of money today is worth more than that same amoun...

Q: Jack has a utility function U(x1x2)=2(x1)(x2)^2 , and the price of x1 is 3$ and the price of x2 is...

A:

Q: A farmer grows a bushel of wheat and sells it to a Miller for $20.00. The Miller turns the wheat int...

A: According to question, A farmer produces a bushel of wheat and sells it for $20.00 to a Miller. The...

Q: explain with the effect with aid of demand and supply curve diagrams 1. The govemment passes a law t...

A: In a competitive market Equilibrium price and equilibrium quantity is determined by the interaction ...

Q: Elasticity of demand depends on a number of factors, including whether the product in question is a ...

A: Elasticity (ed) of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) o...

Q: D. If there are implicit costs of production

A: To find : What happens when there is implicit cost of production. 

Q: Suppose there is a decrease in the demand for investment, and increase in saving in an economy. Show...

A: An investment curve is downward sloping due to the negative relationship between interest rate and i...

Q: Consider the market for coffee: Assume first that there is a heatwave that damages a large portion ...

A: The introduction to the question rightly mentions that "a market consists of groups of buyers and se...

Q: Which of the following is NOT an advantage of buying an existing businesses? financing opportunities...

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

Q: Suppose that investment depends on both output and the interest rate and there is an increase in con...

A: Consumer confidence:- Consumer confidence can be explained as an indicator of the economy. It gauges...

Q: Every year the typical family on Planet Econ consumes ten pizzas, seven pairs of jeans and 20 litres...

A: As per the information given in question, the cost of market basket which includes 10 pizzas, 7 pair...

Q: can some one help me with this question? The monopoly cost function is given TC = 500 + 12 ×...

A: Profit maximization is a process business firms undergo to ensure the best output and price levels a...

Q: What happens to the consumer surplus that is lost upon imposition of a price ceiling?

A: Consumer Surplus:- The disparity among the buyers' willingness to pay as per their taste and choices...

Q: Give 7 things you need to do to become a better student. Explain each briefly. Give an introduction ...

A: Student:-A student is a person who is a learner and enrolled in a school or other educational instit...

Q: If taxes are reduced , will most people save more or less than before ? Does national saving rise or...

A: The aggregate spending behaviors of families and public and private substances can swiftly influence...

Q: suppose a stock worth $50 today is equally likely to be worth $100 or $25 a year from today. What is...

A: Introduction Probability of becoming high stock worth and stock worth per year will be equally likel...

Q: Y=C t /even when the economy is not in equilibrium

A:

Q: 4. Demonstrate your understanding of the PPC. Use the table below to graph the PPC and make the nece...

A: Given   A B C D E Ice cream 0 1 2 3 4 Chocolate 30 29 25 15 0

Q: Consider a city where everyone commutes to the city center, and the commuting cost per mile per mont...

A: Commuting cost per mile per month= $50 Each household has 1500 sq feet  dwelling The worth of dwelli...

Q: 4. Зх — у %3D 2 x + 2y = 10 (4, 1) X = 2, у 4 5. Зх - 2у 3D 12 Intersection at one point only-exactl...

A: 3.  When two lines coincide, there are infinite number of solutions as the lines touch at every poin...

Q: Identify each of the following acts as representing either saving or investment. a. Lan uses some of...

A: An entity or organization that is being engaged in activities of professional, commercial, or indust...

Q: Engineering Economics: In Plant Design, one is required to compute for one time-independent and one...

A: Introduction its answer will be B) Because for better market analysis capitalized cost and payback p...

Q: For each of the following examples, explain whether it is a case of external or internal economies o...

A: - External economies of scale happen when the expense per unit of result relies upon the size of the...

Q: are some government strategies u ase exports?

A: Outflow of goods and services from one country to another is known as export. 

Q: Assume a good whose supply is perfectly (infinitely) inelastic. Without a tax, the price $10. If the...

A: When the supply is perfectly inelastic, it implies that the supply curve is vertical to the y-axis. ...

Q: Are beer and pretzels complements or substitutes?

A: Answer:- Yes beer and pretzels are substituted as pretzels are being substituted by relatively cheap...

Q: Price elasticity of demand is a relationship between price and quantity demanded. Total Revenue to a...

A: ANSWER   Revenue is the product of price and quantity. Any change in the price changes the quantity ...

Q: The city council of Morristown is considering the purchase of one new fire truck The options are TRU...

A: Cost is the expenditure that is made in order to convert the raw material into finished goods. It me...

Q: Population of a city is 45000. The city grows continuously by 2.1% per year  . If this trend continu...

A: Initial population (P 0 )=45000 Rate of growth (r)=2.1% per year                          (r)=0.021 ...

Q: consumption (units/year) 2500 2000 1500 1000 500 05 10 15 20 25 30 35 40 45 leisure (weeks/year) Ron...

A: Labour market consists demand and supply for a labour and interaction between them give rise to dete...

Q: The market supply curve of plastic gloves is given by Qs=350,000+10,000P. The demand for plastic glo...

A: Given:- Qs=350000+10000P qA=270000-2500P qB=350000-20000P Please find the images attached below for ...

Q: Draw a FULLY labeled graph that shows the welfare effects of imposing a binding price ceiling in the...

A: Introduction Consumer surplus is the consumer's gain which he get from exchange. It is the differenc...

Q: Which of the following are statements illustrate opportunity cost? Select ONLY THOSE THAT APPLY. Sel...

A: "Opportunity cost refers to what is sacrificed when the other thing is chosen over another."

Q: 4. Assume that Canada and Kenya are ti a. If the real interest rate in Canada decreas Canada and the...

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

Q: In your own words describe globalization and the driving forces behind it. Do you think there is opp...

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: Economists like markets because, generally speaking...   Question 2 options:   production is organi...

A: A market economy is an economic system in which the decisions regarding allocation, production and d...

Q: The Finger Lakes region in New York State produces wine. The climate favors white wines, but reds ha...

A: During the production process, any cost incurred before starting the production and does not change ...

Q: The current fleet size of BlueSG in Singapore is 667 cars. With your proposed new pricing structure,...

A: Price elasticity of demand refers to the percentage change in demand due to a percentage change in p...

Q: Ritholtz references a research paper that examined 38 states and regions from 1979 to 2016. This res...

A: Research is described as a methodical examination of a specific subject or problem using scientific ...

Q: Market demand function of commodity X is given as: DD, = 60 – 5P, where P, > 0 a) (5 points) Derive ...

A: At the given price the number of goods and services, that customers can afford and wish to buy is kn...

Q: Six hundred pesos is deposited each year into a savings account that pays 6 % compounded continuousl...

A: Amount invested each year = 600 Time = 8 years Interest rate = 6 % compounded continuously