The table below depicts the maximum buying prices and minimum selling prices that potential buyers and sellers have for a horse. Assume that a horse is considered to be a good of the first order. Potential Buyer $300 $280 $260 $240 $220 $210 $200 Al A2 A3 A4 AS A6 A7 Potential Seller $100 $110 $150 $170 $200 $215 $250 B1 B2 B3 B4 B5 B6 B7
Q: In a simple economy (assume there are no taxes; thus, Y is disposable income), the consumption…
A: Given that: Consumption function (C) = 200 + 0.8Y Assume there are no taxes and Y is disposable…
Q: CPI and Inflation Practice Problems #1 Fill in blanks in table below Market Basket Items Cheese Blue…
A: These problems could be solved by using the following formula: Total Cost = $ per unit × # of…
Q: One criticism of GDP as a measure of welfare is that it fails to account for reductions in leisure…
A: GDP is the value of all final goods and services produced within the domestic territory of a country…
Q: MAKE 1 DEMAND GRAPH AND 1 SUPPLY GRAPH TO PLOT THE DATA IN THE TABLE. Suppose that the aggregate…
A: Aggregate supply and demand alludes to the idea of supply and demand yet is applied at a…
Q: Draw an isoquant representing Y = 140 for each of the following ca and K denotes units of capital.…
A: Production function represents the relationship between the output and inputs.
Q: 5. The real interest rate equals a. the nominal interest rate plus the rate of expected inflation.…
A: Real value excludes the change in price level. And Nominal value includes the change in price…
Q: A company intended to sell a high end refrigerator which included French doors, external water and…
A: Business liability insurance insures companies against losses they incur as part of their business…
Q: A cookshop hires two chefs. The workload, equipment and materials are evenly distributed. The result…
A: The law of diminishing marginal returns state that as more and more units of the variable factor are…
Q: Annual Upkeep P160,000 P50,000 Repairs P1.5M every 4 years P1M every 6 years If interest is 7.5%…
A: A capitalized cost is an expense added to the cost basis of a fixed asset on a company's balance…
Q: A house owner received rental payment of P25000 every month for 5 years. Payments are being paid at…
A: Given information, Monthly Payment (A): P25000 Time period (N): 60 (5 years) Interest rate (i): 10%…
Q: According to the EMH, it is impossible to consistently get a non-zero alpha O True False
A: According to the efficient market hypothesis (EMH) the market price depicts best forecast that…
Q: Eddie's Precision Machine Shop is insured for $700,000. The present yearly insurance premium is…
A: The premium based on coverage is the sum that we pay for insurance on the basis of a particular…
Q: Dog Up! Franks is looking at a new sausage system with an installed cost of $520,000 This cost will…
A: Depreciation is the continuous decrease in the economic value of the capital stock of a firm,…
Q: If inflation rises from 10 to 14 percent, explain what happens to real and nominal interest rates…
A: Inflation A generalized increase in the cost of goods and services is referred to as inflation.…
Q: Maintenance cost for small bridge with an expected 50 year life are estimated to be $15,000 each…
A:
Q: The following graph shows the market for loanable funds in a closed economy. The upward-sloping…
A:
Q: Select one of the external factors discussed in the text that influences business
A: Let We show that that The company I have chosen is Nestle Maggi and the external factor is Food and…
Q: Suppose the production function of a country is Y = (K^0.5)*(L^0.5). The economy begins with 64…
A: The real wage is equal to the marginal product of labour this can be proved by :- Profit = P x Y -…
Q: 4) The sum of the present value of 1 paid at the end of n periods and 1 paid at the end of 2n…
A: The total of future investment returns discounted at a specific level of rate of return anticipation…
Q: a. If a large increase in investment increases labor productivity, explain what happens to: i.…
A: Investment and productivity have a positive link at the macro level, thus it seems sense to assume…
Q: Consider an economy described by the following equations: Y=C + I +G Y=7,000 G=4000 T=2,000…
A: INTRODUCTION An economy that doesn't take part in international trade (which means no exports or…
Q: Which of the following statements is correct about a business income coverage form? 1. it must be…
A: Business income coverage form is a type of an insurance policy that covers loss of income from…
Q: A recent government study reported that a college degree is worth an extra $35947 per quarter income…
A:
Q: Is the sentence above is it true or false?
A: Utility refers to the total amount of satisfaction derived from the consumption of a good or…
Q: The principal goal of the aggregate demand and aggregate supply model is to explain the
A: We know, Equilibrium is where demand curve equals supply curve. And At equilibrium condition, the…
Q: In the Keynesian IS-LM model, holding all other things constant, an increase in government spending…
A: Keynesian Model A Keynesian macroeconomic model is represented graphically by the IS-LM model.…
Q: Bailey, Inc., is considering buying a new gang punch that would allow them to produce circuit boards…
A:
Q: What is the elasticity of demand at Q = 500 when the demand equation is P = 1000 - Q? Recall that,…
A: Elasticity measures the responsiveness of quantity demanded with respect to the price of the…
Q: Which of the following central-bank actions would be less effective in raising the money supply when…
A: Central bank uses bank rate, repo rate, reverse repo rate, discount rate, etc to make changes in the…
Q: The model of national economy is characterised by the following da Household consumption C-400+0.9…
A: In economics, the marginal propensity to consume is a metric that quantifies induced consumption,…
Q: Using below information answer questions 12, 13 and 14 Suppose there is a market that has market…
A: tax levied on goods increased the price. as we know that price is set by the market mechanism demand…
Q: Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as…
A: Aggregate demand cure shows the relationship between price and aggregate quantity demanded in a…
Q: Next to each of the following items indicate in the table which items belongs to GDP and which to…
A: Introduction Gross domestic product is defined as the market value of all final goods and services…
Q: 2. For a particular commodity, the supply and demands functions are given by S(q) = 2q, D(q) =…
A: Here we are given the demand and supply curve of a particular commodity. Using them we will…
Q: Suppose Lauren, Leslie and Lydia all purchase bulletin boards for their rooms for $15 each. Lauren's…
A: Since you have asked multiple question, we will answer first question for you. If you want any…
Q: Macroeconomics is the study of while microeconomics studies the overall economic activity and…
A: Macroeconomics deals studying the economic performance of the economy as a whole. It takes into…
Q: The tightness of the labor market is defined as: number of employed worker per filled job number of…
A: Introduction The labor market, also known as the job market, refers to the supply of and demand for…
Q: To produce a Ipad pro it requires 7 hours of work for software, 6 hours of work for hardware, 8…
A: We use matrices to solve this problem. Since we have been given the total hours, we will form 2…
Q: How do you interpret the R-squared obtained from running this regression
A: R-square is the goodness of fit for linear regression model. It basically shows how regression model…
Q: country can only produce either 5 units, 10 units or 15 units. The total production of the two…
A: The Nash equilibrium is a decision-making theorem within game theory that states a player can…
Q: A person buys a piece of lot for Php 136181 down payment and 10 deferred semi-annual payments of P…
A: The cash flow series present worth means the computation of the present value i.e. to be at time 0,…
Q: The cost of Laboratory equipment is P 1,000,000.00 and the cost of installation and delivery charge…
A: Depreciation implies the falls in the value of fixed assets because of normal wear and tear, efflux…
Q: Rational choice of consumers" is said to exist when Select one: None of the options are correct…
A: Introduction The rational choice for the consumer is that he would behave in a rational manner. The…
Q: Firms use rubber to produce either bicycle tires and car tires. Suppose consumers want to ride…
A: Two goods are considered substitutes in economics if they can both satisfy the same need. In the…
Q: Billy B. decided four years ago to add high bush blueberries to his commercial vegetable farm near…
A: When entire costs and total revenues equal, the break-even point is achieved, leaving a small…
Q: 7. In 2000 the nominal rate of interest was 7 percent. The rate of inflation was 2.7 percent. The…
A: The definition of inflation is an increase in prices across the board for goods and services.…
Q: 2. The marginal opportunity cost of the second unit of pizza is:
A: Opportunity cost is the benefit that is lost when a different option is chosen. You must balance the…
Q: Rick buys an old Mustang for $3,000, planning to restore and sell the car. He goes on to spend…
A: The economic mode of thinking involves taking into account both the present and the future in…
Q: how much money must you invest today in order to withdraw P1000 per month for 10 years if the…
A: Given that, Withdraw Amount = 1000 Rate of Interest = 12% Time Period = 10 years
Q: If Q = 0.5 K² L², and we use 2 units of capital and 2 units of labour, what is the average product…
A: Average product = Total productLWhere L is labour
Step by step
Solved in 2 steps
- 7. Identify and describe the stages in the adoption process.Please answer parts c, d and e only Andy owns a valuable postage stamp he values at 1,000 dollars. Betty wants to add this stamp to her collection and is willing to pay 1,200 dollars for it. By email, Andy and Betty reach an agreement that Andy will sell Betty this rare stamp for 1,100 dollars. Christine contacts Andy and offers to pay 1.500 to Andy for the stamp because Christine values this stamp at 1,800 dollars. (a) What surplus amount was generated by the original email contract? Why is this amount suboptimal? (b) Andy contacts Betty by email and advises her that he wants a higher price from her because Christine has offered 1,500 dollars for the stamp. Instead of renegotiation, Betty tells Andy that she will be seeking specific performance, a court order that Andy perform the original 1,100 dollar contract. How will specific performance affect the allocation and redistribution of surplus among Andy, Betty and Christine? If transaction costs = 0, would there be a renegotiated…Suppose you run a marketing survey and find you have two types of customers high-value customers willing to pay 16 and low-va consumers willing to pay just 10. Your survey tells you that there are equal numbers of high- and low- value customers. Obviously , have two possible options price high (16) and sell only to the high value group, or price low (10) and sell to everyoneThe costs incurred is 5 per unit and sales only happen to high -value consumers 50 % of the timeWhich price should you choose ? Select the correct response price high price low it depends price both high and low
- An appraiser is valuing a parcel of land and has identified 3 comps and has identified size and location as the only 2 relevant elements of comparison. What is the approximate adjustment for size and location respectively? Price Subject Size ? Location Good Comp 1 Comp 2 Comp 3 $200,000 $230,000 $250,000 Average Average Good 21,000 SF 22,000 SF 24,000 SF 24,000 SF O-$15,000/1000 SF and +$20,000 O +$20,000/1000 SF and -$15,000 -$20,000/1000 SF and +$15,000 O +$15,000/1000 SF and -$20,000Handwritten otherwise will dislike!!Graw Quantity Demanded Per Quantity Supplied Per Price Per Unit Year Year $ 5 2,000 10 1,800 300 15 1,600 600 20 1,400 900 eBook 25 1,200 1,200 30 1,000 1,500 Refer to the above table. A shortage of 500 units will occur when the price is Multiple Choice $20. $10. $25 $5. S15 Mc 9 Type here to search 00
- Please help me with this carefully. Thank you.Demand curve of electric vehicles versus gas vehicles1. Jack is considering selling his elliptical machine, which he never really used, is high quality, and has been taking up space in his spare bedroom. He lists it on Facebook Marketplace for "$1,200 or best offer" but in reality won't sell it for less than $1,000. Lina is looking to purchase a used elliptical machine. For a high-quality elliptical, she is willing to pay up to $1,300, and for a low-quality elliptical, she is willing to pay $600. Lina is risk neutral but she cannot tell if the elliptical machine is high quality or low quality. If she believes that 60% of used elliptical machines are high quality and 40% are low quality, what is the maximum price that Lina would be willing to pay? Would Jack agree to this price?