1. Given the inverse demand equation P = 10 – 0.05Q and the inverse supply equation P = 1 + 0.10Q:  Illustrate in graph and calculate TS and DWL when the output purchased and sold is Q = 70

Q: The majority of the countries have saving rates that are below the golden rule level. Why is it diff...

A: The per capita capital is the ratio of total capital to output. It means the rise in output results ...

Q: If an investment has an estimated cost of £1000, and it offers £550 the first and the second year af...

A: The internal rate of return (IRR) is the interest rate that makes the net present value (NPV) zero. ...

Q: Question 2 What do the findings of the World Economic Forum study show? O Reducing gender inequality...

A: The forum that engages business, political, and other social leaders for shaping regional, global, a...

Q: Suppose that Anna goes to a coffee shop to get coffee. The maximum amount he is willing to pay for t...

A: Consumer surplus refers to the difference between the consumer’s willingness to pay and the actual p...

Q: If a country is importing more than it is exporting it will have a balance of trade trade surplus ...

A: Balance of trade is the difference between the total value of exports and imports.  

Q: 40 The following cost data is for a firm which is selling in a perfectly competitive market It the m...

A: In perfectly competitive market prices constant so it is equal to marginal revenue. Profit is maximi...

Q: Question P = 16-9 cQ) 131 2. C2=9Q2 a-) Find couinet equilibrivm Cn) b-) Find cournot eQuiliblium wh...

A:

Q: M/c question - Micro 21)For a firm, what does the production function represent? A. the r...

A: 21) option c is the correct answer option-c       quantity of inputs and quantity of output   Explan...

Q: Methods of Economy Studies  An investment of P 250,000 can be made in a project that will produce a...

A: DISCLAIMER  “Since you have asked multiple question, we will solve the first three question for you ...

Q: tuition and fees for an in-state full-time student at the University of Hawaii at Manoa increased fr...

A: We have, Tuition fees (2010-11)=$8,095 Tuition fees (2017-18)=$11,754 Years 2000 2001 2017 2018 ...

Q: Explain how any technological advancement (increase in our A from production function) could affect ...

A: Technological advancement reduces  the cost of production and increases the labour productivity whic...

Q: What are objectives on interest rate spread

A: When talking about interest rate spread, it is considered as the difference in the interest rate cha...

Q: The idea of _________ in economics is that we have unlimited wants but limited resources. (A) Opport...

A: Answer: The right answer for the above mentioned statement is option : "B" Scarcity      

Q: 3- Given: Y=C+l+G, C=25+0.75Y, I=lo= 50, and G=Go= 25 Find the equilibrium level of income

A: The economies around the globe are involved in various economic and financial activities. The econom...

Q: Multiple choice - microeconomics 41) Where is the competitive firm’s short-run supply curve located...

A: During the short run, only one factor is variable and the rest of all the factors are fixed factors....

Q: wns a house that is worth $100,000. There is a 0.1% chance that the house will be ly destroyed by fi...

A: We have, House worth is $100,000 Destroy chance by fire = 0.1% u(x) = x x = wealth   

Q: Burger King is a monopolistically competitive firm. Suppose Burger King's demand increases but its c...

A: The strategy of brand differentiation is intimately linked to monopolistic competition. It's a type ...

Q: 1. Suppose an economy is initially in a steady state as described by the Solow model with labour aug...

A: We assume that the quality of educational institutions influences output  in relation to capital. Be...

Q: The demand for goods of an industry is given by the equation PQ = 100, where p stands for %3D price ...

A:

Q: You are the manager of a firm that uses only labor and capital to produce your product. Assume you h...

A: Optimal input bundle would be when the following condition holds,Marginal product of labor / wage ra...

Q: (2) Consider the utility function u(z,y) := ry for all nonnegative z and y. Given the budget constra...

A: Utility function : U = x1/3y2/3 Budget Constraint : px*x + py*y = m  Optimal consumption point is ac...

Q: Does economic efficiency guarantee sustainability? Why or why not?

A: In economics, efficiency is achieved when all resources are put to the most effective use and waste ...

Q: 1 (a) Rewrite and explain the main equilibrium equations of the Ramsey model assuming the government...

A: A commodity or service that is freely available to all members of society is referred to as a public...

Q: Question 6 Below you find the supply determined model for the closed economy: Y; = A - crt-1 (IS cur...

A: Phillips curve shows the inverse relationship between the inflation rate and unemployment rate. The ...

Q: Use the graph and the inverse demand equation (P=50 - .5Q), inverse supply equation (P=0.333Q) and t...

A: here in this question we find that the inverse demand function=P=50 - .5Q where the slope of the dem...

Q: Many changes are affecting the market for oil. For example, Cars are becoming more fuel efficient, a...

A: When talking about oil market, it can be seen that the demand is the highly consumed resource as it ...

Q: Player 2 y 1,3 1,1 0,2 Player 1 b 3,1 2,2 1,0 C 0,2 1,2 3,0 If both player 1 and plater 2 are ration...

A: We will find the pure strategy nash equilibrium for this question. So, we have: If Player 2 chooses...

Q: Solve the problem. A beverage company works out a demand function for Its sale of soda and finds it ...

A: When the demand is inelastic, the percentage change in quantity demanded is less than percentage cha...

Q: What can you say about Tax incidence in our country, who carries the burden more? Give examples and ...

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency – reg...

Q: Solve and discuss the following income determination model: Y, =C, +1,C, =300+05y, +0.4y,-1 I, = 200...

A:

Q: React to the statement below: “The glory of globalization could also be its downfall.”

A: Globalization refers to the process of integration of the economies of world. This integration invol...

Q: A firm has the following production function: f (E, K) = EiK Which means they have the following mar...

A: A firm maximizes profit by hiring the number of workers to the point where marginal product of the i...

Q: How did Japanese private and public sector labor policies affect Japanese production during its high...

A: Japanese private and public sector labor policies have been affected most of the Japanese production...

Q: Colleges and universities use such things as grade point averages and standardized test scores as O ...

A: Rationing is a term used in economics to describe the artificial management of commodity supply and ...

Q: Using the CES function given as u = (ax" + byP)F a) Calculate the indirect utility function b) State...

A: Utility function : U(x1 , x2 ) = (xp1 1+xp2)1/p  Budget Constraint : p1x1 + p2x2 = m  Firstly we der...

Q: Instructions: Modify values in the SETTINGS window of the interactive tool to answer the questions b...

A: * SOLUTION :-    From the given information the answer is provided as below  

Q: Many changes are affecting the market for oil. For example, Cars are becoming more fuel efficient, a...

A: The market for oil is the place where suppliers enter to sell oil, and households and other business...

Q: A monopolist produces an output level Q1 = 200 where marginal revenue is equal to marginal cost. At ...

A: Given; When MR=MC, Q1=200 P1=$300  ATC= $250 •    MC=MR at $100.•    Marginal revenue is $0 at Q2 = ...

Q: 1. Consider a consumer with utility u(x1,x2) = .5lnx1 + .5lnx2 (b) Now, consider an equivalent repr...

A: Given Utility function U=5lnX1+5lnX2 Equivalent utility function V=X15X25  

Q: If external economies of scale determine the location of tradable industries? Please explain.

A: Economies of scale refer to the fact that the more units a company produces, the less each unit cost...

Q: What is meant by the term exchange rate .

A: The rate at which one currenccy of a nation is exchanged to another is commonly known as an exchange...

Q: 1. What are the 3 components for Economics Efficiency ?

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

Q: We estimate the following regression: y = Bo + B1¤1 + B2x2 + B3r3 + B44 +u using a sample of 85 obse...

A: We have given a regression equation in which 4 independent variables.  Sample size =85 SSE ( Estimat...

Q: Consider the following simple model of the Mile End Park Beautification Initiative (from the lecture...

A: In Prisoner's Dilemma game poses a incentives to both the players to deviate from mutually best payo...

Q: Which best describes producer surplus? O a. The profits made by a firm O b. The difference between t...

A: "As per the guidelines answer is provide to the first question":  "Producer surplus indicates the di...

Q: Corn is a very valuable product for which the U.S. government routinely offers subsidies. With no pr...

A: The data given is as follows:- Equilibrium price of corn = $300 Equilibrium quantity of corn = 500 m...

Q: Define privatization in 30 to 40 words.

A: Privatization means:

Q: 4. Historically, money has become more and more important - the technological developments made spe...

A: During older days, there was barter system, in which goods were exchanged for goods. Then metals suc...

Q: Se Ri Pak, age 23, recently graduated with her bachelor's degree in library and information sciences...

A: She can contribute 6% of her compensation/salary to the arrangement and her manager will likewise co...

Q: Suppose a nation’s firms make heavy use of factors of production owned by residents of foreign count...

A: Since, Gross Domestic Product (GDP) is calculated by summing the monetary values of all the final go...