Consider the graph below where there are two pollution-abatement technologies (Old and New) available to a firm. Assume that there is an emissions tax equal to T. If the firm sticks with the Old technology, then its total abatement costs will be #3 Tox E | A E

Q: Finally assume that the countries, after much deliberation, decided to trade 25 beets for 100 bushel...

A: From the previous parts, we know the  PPF of Albania: C=600-2B PPF of Belize: C=300-5B Production in...

Q: Suppose that there are N = 10 firms in a market, and each of them have an equal share of the market,...

A: As per the question total number of firms are N=10 firms and share of each firm is given as Si=110. ...

Q: What are two guidelines the manager should keeo in mind with measuring the maginal cost correctly?

A:

Q: The availability of alternative entertainment methods has resulted in a large decrease in  theme-par...

A: The government authority is considering forcing a cost floor for the sake of entertainment fair tick...

Q: Please solve this q&a and not essai and no reject. Solve with the step and long expalanation Analys...

A: The macroeconomic performance of Canada was not satisfactory post world war 2 owing to different pol...

Q: 3. Standard of living of a country can be raised if it increases A. O Labour force B. O Production С...

A: The quality and quantity of goods and services available to the population is referred to as the sta...

Q: QUESTION: What is the difference between price inelastic and price elastic

A:   Meaning of Microeconomics: The term macroeconomics refers to that situation under which the econom...

Q: A 40% increase in price led the quantity supplied of bicycles in a competitive market to increase fr...

A: Elasticity of supply measures the responsiveness of quantity supplied with respect to change in pric...

Q: QUESTION 5 In the Solow model, if saving (and investment) per worker initially is less than the stea...

A: The Solow growth model is the widely applicable growth model because it explains the contribution of...

Q: Production function Capital equipment per worker ($ thousands) Which 2 of the following statements a...

A: Production is the process by which final goods or services are created from the raw materials throug...

Q: 5. There are n firms in a competitive industry. The market demand function is given by p = 10 – Q. A...

A: Market Demand function : p = 10 - Q  Where , Q = Market quantity with n firms  So , Q = nq     Cost ...

Q: What are the main features of a oligopoly market structure. Explain in detail with explanation of fe...

A: A market is a set of systems, institutions, procedures, social interactions, or infrastructures that...

Q: Demand: Qd = 1200 - 3P %3D Supply 1: Q1 = -200 + 2P %3D Supply 2: Q2 = -600 + 2P KAK Panel A Panel P...

A: Given that Qd = 1200 - 3P Qs1 = -200 + 2P Qs2 = -600 + 2P At equilibrium, Qd = Qs = 1200 - 3P = -200...

Q: Explain what are the differences between classical economist and Keynesian economist point of view?

A: Classical and Keynesian economics are two schools of thought with opposing methods to defining econo...

Q: . Suppose a firm has the production function f (x1, x2) = 5x,x2. Find the firm's long-run profit-max...

A: A firm will maximise its profit at a point where marginal product is equal to real wage of two input...

Q: Select Correct and explain Why Social security payments have been adjusted for inflation annually s...

A: Social security scheme: - social security scheme is the policy provided by the government to provide...

Q: Icing a new engine. Process A Will have a first cost of P750,000, an operating cost of P60,000 000 a...

A: *Answer:  Given: Process T:  First cost =$ 750,000 , Operating cost =$ 60,000 per year , Salvage val...

Q: About the measurement of the GDP O A The profits of a firm are higher than the value added of the fi...

A: Option A is false because Value-added includes profit so this is not true. Option C is also incorrec...

Q: 8 During rapid inflation or hyperinflation: a. The real value of money falls. b. People will be mor...

A: Introduction Hyperinflation means that economy has a higher rate of inflation. Prices of all goods a...

Q: For an investment in a foreign-currency-denominated financial asset, which of the followings is/are ...

A: Answer is both c and d Here is why When you invest in foreign currency as an financial asset your fi...

Q: The market for tomatoes is in equilibrium. This week scientists developed a new type of technology t...

A: The markets are the place where the buyers of the goods, and services interact with the suppliers of...

Q: P Question 1 Anand has $100 to spend on apples and/or avocados. Suppose you have drawn his budget li...

A: Correct answer "none of the above".    

Q: 4. Standard of living of a country can be raised if it increases A. O Labour force B. O Production C...

A: The standard of living refers to the quality and quantity of products and services available to the ...

Q: Explain briefly the three basic questions that every country must ask themselves about their economi...

A: Quantity of enterprise depends on certain factors which results into its success. It would increase ...

Q: Is the monopolist earning a loss (profit)? Either way show the loss rofit)?

A: Given information are p=20-0.002q     ... (1) Marginal revenue: MR=20-0.004q      ... (2) Total cost...

Q: 1. Assume a competitive firm with a cost function c(y) = y + 10 for y > 0 and with c(0) = 0. %3D • I...

A: A cost function is a formula used to predict the cost that will be experienced at a certain activity...

Q: In the demand curve, there is a mid-point. Determine the value of: i. Elasticity of demand in the m...

A: Elasticity at mid point = 1 Elasticity of demand above the mid point is greater than 1

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 12 - E. I...

A: Existing technology  MAC = Tax   =>    12 - E = 4      => E= 8 Total Abatement cost (TAC) =  1...

Q: The people on Coral Island buy only juice and cloth. The CPI basket contains the quantities bought i...

A: Given: Average household spending: Juice: $60 Cloth: $30

Q: Gabby has the utility function U(X,Y) = X0.y0.26 When Gabby consumes X= 5 and Y=8 she has a marginal...

A: MRS = (MUx)/(MUy) MUx = dU/dx = Y0.25.0.5X(0.5-1) = 0.5Y0.25X(-0.5) MUy = dU/dy = X0.5.0.25.Y(0.25-1...

Q: One leading theory about why the poor are in worse health than the rich is that the rich enjoy a gre...

A: Allostatic load refers to the wear and tear of the body.

Q: What supervisory and regulatory authority does the BSP NOT have under current law? *       the autho...

A: B the authority to fix the exchange rates at a given level to maintain order and stability in the fo...

Q: In what ways does Kevin's demand for up-front royalty payments affect Proof's ability to grow organi...

A: Kevin's demand for upfront and honest royalties, which is impacting the proof's capacity to grow spo...

Q: On January 1st, the number of unemployed was 17 million and unemployment rate was 4.95%. The informa...

A: Answer: Given, Unemployed population (on 1st January) = 17 million Unemployment rate = 4.95% 4.95%=1...

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If...

A: Initial optimal emissions for firm; MAC= tax 8-E=1 E=7 Tax cost=7*1=7 Total abatement cost=1/2*1*1=0...

Q: A printing press machine has a cash equivalent of P250,000. For the first three years, it will provi...

A: Given, Total investment of printing press machine is P250,000. Profit for first 3 years(each) = P20,...

Q: Is society made better off or worse of if a government policy results in some amount of dead weight ...

A: Dead Weight Loss is the sum of consumer and producer distortions. 

Q: Suppose the price of good A increases by 50%, causing quantity demanded for good B to increase by an...

A: In this question we have to find out the cross elasticity of demand with the help of the above infor...

Q: Instructions: In parts a, b, and c, round your answers to two decimal places. Enter your answers as ...

A: Demand elasticity is defined as the contraction or expansion of demand in response to price changes....

Q: Wr = 300 + 75s ve 14 years of schooling and women have 13 years of schooling. average male-female wa...

A: *Answer:         

Q: If the following table is given for product X, draw the graph with the supply and demand curves and ...

A:

Q: a utility function of 2 goods X and Y: U (X, Y) = Xª +Y°, where a= 5 anc = 10 and Y= 4, the individu...

A: The marginal rate of substitution is calculated to see if how many units of x must be sacrificed to ...

Q: what do you understand by the concepts of intra and inter temporal choice models on material economi...

A: Managerial economics is a cost that is associated with the application of economic concepts, ideas, ...

Q: What I have Learn Answer the following question on a different answer sheet. 1. Why data is importan...

A: 1. Importance of data in statistics The study of learning from data is referred to as statistics. St...

Q: The induced innovation hypothesis suggests all of the following except

A: The induced innovation hypothesis refers that the change in the relative prices will force the findi...

Q: Discuss wether the sale of state owned enterprises will benefit an economy. Must use examples

A: It is known that in a communist type of government, it is seen that there is complete control of gov...

Q: $10- $10 efer to Figure (Graph A). With $5 $5 B 20 40 60 80 100 10 20 30 40 Quantity Quantity Graph ...

A: Total revenue in financial aspects alludes to the total receipts from deals of a given amount of lab...

Q: Given four proposals for funding a new project with a 100M limit on capital funding and the MARR is ...

A: External Rate of Return is found out using following steps : => Discount all the cash outflows to...

Q: Q4) Assume a market of a specific good. The demand and supply equation is as shown below: Po = 70 – ...

A: Price above the equilibrium results in surplus as quantity supplied exceeds quantity demanded and on...

Q: 6. The market wage rates for male and female workers are $25 and $10 per worker, respectively. 1 ,wh...

A: Formula to be used: Profit = Price×Quantity - the cost of employing Profit = P×Q - wf×F - wm×M ,wher...