NeoclassicalEconomics 3.1 Explain the features of Neoclassical approach. 3.2 Make a comparison of Neoclassical and modern economics.

Q: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve…

A: Bidding: Bidding can be defined as an offer to establish a price for a commodity, either by an…

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A: Gross domestic product is the sum total of final values of services and goods produced in a year.

Q: B. Consider a fiırm who sells output at p=10 and has a short run production function Q(L)=20L-L².…

A:

Q: explain the measures companies could take to overcome trade barriers

A: Trade barriers are the agreements or policies between two or more nations to limit imports and…

Q: Question 4 (CLO4): Problem solving A. A rise in the price of coffee from S 1.5 to $2.8 results in a…

A: A) "Cross-price elasticity of demand between two commodities measures the percentage change in…

Q: QUESTION 13 With perfect price discrimination the monopoly O a. eliminates all price discrimination…

A: Q13. "A monopolist with perfect price discrimination charges each buyer their maximum willingness to…

Q: 14. At what price level would a firm's short-run supply curve begin? A-The price at the minimum of…

A: As per the guidelines answer is given to the first question i.e. Q14. Answer 14) "A supply curve for…

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A: Price discrimination refers to the policy of a monopolist firm to charge different prices from…

Q: 45.  Use the graph to answer the question that follows.  Which of the following can cause the…

A: Answer is given below

Q: Suppose that real-time estimates of the GDF gap are always accurate, and that the Fed always takes…

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Q: I asked for question F to be answered, not A.

A: Total cost is the sum of a firm's total variable and fixed costs in producing a specific level of…

Q: In class, we use the dollar-euro exchange rate, Es/c to graph foreign exchange equilibrium. Let's…

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Q: If the IRR of Alternative A is 10%, the IRR of Alternative B is 8% and the MARR is 6%, which of the…

A:

Q: Suppose a competitive market has a horizontal long- run supply curve and is in long-run equilibrium.…

A: In financial matters, the long-run is a hypothetical idea wherein all markets are in harmony, and…

Q: Why are some economists who favor free trade concerned about the proliferation of regional trad…

A: Answer: Regional trade agreements take place between countries of a geographical area to decrease…

Q: An economy consumes 1 million chickens each year. A new technology in raising chickens lowers the…

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

Q: Show me how to arrive at Average Variable Cost?

A: Total variable cost varies with the level of production.

Q: Explain the national economic system under which the USA operates

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Q: d. Double Declining Balance Method. BV;=P26,214.40

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Q: nits equal e to one hira of total emissior economy (so two-thirds of all emissions m bated), and…

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A:

Q: Question 4 Determine which option, if any, should be chosen based on net present worth using a 8%…

A: Calculation: a. Net present value of Alternative A = -First cost  + Present value of annual…

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Q: What is the ethics and accountability in public service and governance? Discuss its important and…

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Q: What is the annual interest rate if a $15,000 investment receives $365 in 4 months?

A: Annual interest rate is the interest rate which is received on an investment annually.

Q: Contract.

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Q: QUESTION 20 In a perfect competitive market, companies will make zero profits in the long run…

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Q: 1. What is the purpose of segmenting the market? Please explain your answer.

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A: Answer: Introduction: Leisure or tourism sector: tourism refers to traveling and visiting other…

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Q: Question: Using the following matrix, which strategy is the most beneficial to the population?

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Q: Determine which option, if any, should be chosen based on net present worth using a 8% interest…

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Q: Determine which option, if any, should be chosen based on net present worth using a 8% interest…

A: Introduction Cost and benefits of two alternative A and B has given. Useful life of alternative A is…

Economic Growth

It means the rise in the manufacturing levels of a country’s products/services over a while. It is calculated in terms of the real income of the people of the country. When the production of products/services begins, the manufacturers will hire employees, which in turn raises the income of the people and it will also raise the buying power, this eventually leads to the circulation of money that directly helps in the increase in the Gross Domestic Product (GDP). Thus, GDP is calculated by economists to calculate the growth in the country.