Please indicate which of the following is or is not a public good: 1. A public swimming pool at the local recreation center. 2. TikTok videos. 3. Any good that has positive externalities. 4. The children's play area at your local mall.

Q: For each of the following utility functions, find the Marshallian demand function, the indirect…

A: Marshallian demand function Another more technical explanation of the basic demand function would…

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A: In the free market, equilibrium price and quantity is determined by the forces of demand and supply…

Q: A. Alice consumers two goods, x and y. Her utility function is U(x, y) = 10 ln(2x + 2y) + 2y. The…

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A: Player 1 dis-utility : x2/2 Where , x : effort of player 1  Player 2 dis-utility : y2/2 Where , y :…

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A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: The traditional economy centred around the collective Select one: O True O False

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Q: In the special case when asset returns are independently identically distributed (IID) through time,…

A: An asset is an object from which the economic owner has gotten a benefit in the past and is now…

Q: How does the equilibrium price and quantity change when there is a sale in the next day? Are there…

A: Equilibrium is a state of rest in the market where the forces are in a steady state and do not…

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A: GDP (gross domestic product) of a country is the market value of all final commodities and services…

Q: Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Total Cost 950 1110 1270 1430 1590 1650 1710…

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Q: The firm's production function is given as follows: qx = f (Lx, Kx). qx represents the output…

A:

Q: Jim can produce 60 units of Jell-O or 12 beets in a day. Dwight can produce 75 units of Jell-O or 25…

A: The value of what you lose when choosing between two or more options is known as opportunity cost.…

Q: Suppose that the economy is characterized by the following behavioural equations: • C = 300+ 0.3 Yd…

A: Here we are given various components of the goods market and the money market. We will use the goods…

Q: Rhea is determining how many gallons of milk (M) and loaves of bread (B) to purchase. Use the…

A: MU, marginal utility of the good is the additional utility derived from consuming an additional unit…

Q: Given the production function Y=(lp +kp)1/p, what is the technical rate of substitution, the…

A: A production function is a mathematical and occasionally graphical method of calculating production…

Q: please teach explain step by step, I do not know notations, concepts too

A: An indifference curve depicts a combination of two items in various proportions that provides a…

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A: Market forces that are stable and have no plans to alter are said to be in an equilibrium state. In…

Q: Consider the following graph of a supply curve: Price P=Y Axis Quantity Q= X Axis Units of Y B ✓ C 6…

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Q: what are the disadvantage of social welfare to tourism?

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Q: Draw a steep IS curve and shallow IS curve. Explain how differences in the assumed sensitivity of…

A: IS curve shows the different combination of rate of interest and national income at which the goods…

Q: An economy produces only fun and food. The table shows the prices and the quantities of fun and food…

A: Potential output or GDP is the full employment output level where al the economy's resources are…

Q: Consider the following simplified scenario. Imagine that the Australian national rugby union (for…

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Q: Derive (again!) the LM curve from considering how income increases affect money demand.

A: LM curve is the liquidity preference curve or the curve representing the money market. LM curve…

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A: Retirement in 20 years after retire ment annual receive = 80,000 for 10 years r = 8%

Q: Consider a market (aggregate) inverse demand function: p = 20 – 2 q. Find the market price where the…

A: Demand is the function of various determinants but as per law of demand only price is the factors…

Q: Use the following LIBOR-zero rates to find an appropriate forward rates:  period (years)…

A: The LIBOR rate is intended to represent the actual cost that banks anticipate paying to borrow a…

Q: The following is a Table that contains the demand and supply schedules of chocolate ice-creams.…

A: Here, the given table provides information about the amount of quantity demanded and quantity…

Q: The economy begins in a long-run equilibrium. Then something causes AD to decrease. What would…

A: A given economy's aggregate demand is the total amount of products and services bought over a…

Q: If you win the lottery $1.5 million price, which is the better option - taking the money now, or…

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Q: Suppose in 2019, the cost of a market basket of goods was $2,034. In 2021, the cost of the same…

A: Price index is a metric for comparing relative price changes that consists of a series of numbers…

Q: Supply and demand in the neoclassical economy Consider an economy in which the consumption,…

A: Introduction An economy is at equilibrium if product and output are the same as of national income.…

Q: What is NOT a reason for governments to fund education?

A: Education is good which creates positive externalities in an economy . This means by educating…

Q: Imagine that the Australian national rugby union has exclusive rights to organize the games played…

A: Full fare tickets demand :  QF(P) = 120 – 2P Concessional tickets demand :  QC(P) = 80 – 2P Marginal…

Q: Elasticity - Example in class. P = 1.20, Q* = 4200. Move to P=1.60, Qd=3400, Qs=5000. What is the…

A:

Q: Chuck and Diane are both currently consuming 15 apples and 3 bananas each week, which we can call…

A: In financial matters, the marginal rate of substitution (MRS) is the rate at which a buyer can…

Q: Given a QD = 100 – 2P and QS = 6P – 20 Graph the S and D

A: Supply and demand means the intersection between the supply and demand for a particular product. It…

Q: Discuss, thank you What does the Law of Supply state? Why do supply and demand curves slope in…

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

Q: How does the equilibrium price and quantity change when there are demands to increase wages? Are…

A: When talking about equilibrium price and quantity in the market, it can be said that equilibrium…

Q: Define the Gross national product (GNP). Please explain in two or more paragraph.

A: The gross national product (GNP) refers to an estimate of the total worth of all finished goods and…

Q: At $3, consumers A, B, C, and D demand 10 units, 12 units, 14 units, and 8 units of commodity A,…

A: Demand is just a consumer's desire to buy products and services immediately and to pay the price…

Q: A stop watch used for TMS has a selling price of P1500. If its selling price is expected to decline…

A: Given  At present, the selling price of stopwatch (P)=1500 Rate of decline of its price =10% per…

Q: The government wants to encourage consumer spending through cutting income taxes. This is an example…

A: Introduction We have two types of markets: the goods market and the money market. The goods market…

Q: Domestic Demand Function: p= 80-4Q Domestic Supply Function: p= 20+2.5Q There is an…

A: International trade refers to the buying and selling of goods and services across the world. When…

Q: Suppose Billy started working at a graphic design firm in 2014 at a nominal wage of $16 per hour. In…

A: Real wages are salaries that have been increased to account for inflation, or salaries that are…

Q: Why is the potential GDP line vertical?   The potential GDP line is vertical because _______.     A.…

A: The total quantity that firms plan to produce over a specific time period is the amount of real GDP…

Q: An engineer borrowed P1,000,000 to start a business with an interest rate of 13% per year. The term…

A: Loan Amount = 1,000,000 r = 13%

Q: Japan is at _________. A. a below full-employment equilibrium and has a recessionary gap…

A: A recessionary gap that is also known as a contractionary gap, exists when a country's real GDP is…

Q: Frank is a talented gardener who maintains a wonderful garden of flowers and vegetables at his…

A: economic profit and loss are measured as the difference between the revenue earned from selling the…