Suppose the government puts a tax on a market with inelastic supply and elastic demand, then---- O. it is impossible to determine how the burden of the tax will be shared. O. sellers will bear most of the burden of the tax. O. the burden of the tax will be shared equally between buyers and sellers. O. buyers will bear most of the burden of the tax.

Q: 4. A man purchase government bonds at P750 each which mature in 10 years and have a face value of P1...

A: Given the present value, PV = P750 Time, n = 10 Future value, FV = P1000  

Q: In developed countries, which one is correct?   a Market income inequality > Final distribution of...

A:

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A: The rate that depicts the rate in which the value of currencies is measured in terms of another curr...

Q: 1. To set up wastewater plants and connect the trailer and low-income households to the nation's sew...

A: The above problem is based on the cost-benefit analysis whose other name is benefit-cost analysis th...

Q: nd the capitalized cost at 15% interest, initial cost $200000, Annual operating cost $4000

A: Below is the given values: Interest rate = 15% Initial cost = $200000 Annual operating cost = $40000...

Q: thetical economy, no investment projects are undertaken when the real interest rate is 12 percent or...

A: We have: If rate of interest is 12% or more, then the quantity of investment is 0 If rate of interes...

Q: Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 278 seats (identical on...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: For an economy the following consumption function is given : C = 60+0.75 Y. %3D (a) If investment in...

A: Answer:  Y =380

Q: How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?

A: Costs refers to the amount of money needed to produce goods and services by a firm. These costs may ...

Q: years, 9. Compute the Human Development Index (HDI) in a country with a life expectancy of 80 mean y...

A:

Q: Explain one negative impact of the 2007–2009 Global Financial Crisis and ONE approach that was used ...

A: 2008 crisis was the great financial crisis  in the world where it was started from US and spreaded  ...

Q: In Ergonia, 4 million workers produce a real output of $520 billion in 2018 and the same number of w...

A: Labor productivity refers to the output produced by per unit of labour. It is also known as Average ...

Q: Consider the market for plastic straws, in which production causes pollution (air pollution, waste p...

A: Answer: Given, Quantity demanded (marginal social benefit): Qd=6200-4P Marginal Private Costs: Qs=2M...

Q: True or False The average total cost cannot equal marginal cost.

A: Average total cost It refers to the total cost per unit of production. ATC = TC/Q where ATC is avera...

Q: Explain transport infrastructure and give three [3] forms with three [3] examples

A: Transport infrastructures help in transferring the goods and services along with the passengers from...

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A: When AD is above or below the AD required for full employment level equilibrium then it creates infl...

Q: For an economy the following data is given : Consumption (C) Investment (I) Efample = 100 + 0.8 Y. =...

A: Given data is:   Hence y= 812.5

Q: Suppose that you're working to calculate a monopolist's profit-maximizing uniform price in a market ...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: Ali needs to work on a project in Australia for 5 years and he needs a car. He has the choice betwee...

A: Price of car = 300,000 Salvage value is given as = 30,000  

Q: introduces new techniques or methods so that firms can produce more output per unit of input. O a) A...

A: New techniques and methods helps in the increase in output per unit of input i.e. the production inc...

Q: Consumer has utility function ln(c1)+beta*ln(c2), where beta=1. Interest rate i=50%. Income y1=10 ...

A:

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A: Fixed is the cost that remains same at all levels of output. It does not change as production change...

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A: Given:- System cost=$68,000 Estimated or purchased now=$81,000 i=12% f=5% Please find the images att...

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A: Mutual funds is that types of funds in which investors invest in  many type of Assets,  in generally...

Q: QUESTION 4 Neverland is a closed economy that severed all links to the outside world. Its economy ca...

A:

Q: A two-firm coal cartel that produces at a constant marginal cost of £22 faces a market inverse deman...

A: The correct answer is given in the second step.

Q: For each of the following years, determine the real interest rate. Find the difference between this ...

A: Please find the answer below.

Q: What are three errors that Ricardo made in his own work on trade theory?

A: Ricardo's theory infers that comparative benefit as opposed to absolute benefit is liable for a lot ...

Q: Exogenous factors are the O a) variables that are not important in a model. O b) variables inside a ...

A: The model that depicts processes of the economy through a set of variables and a set of logical rela...

Q: Assume that Canadian government taxes away $0.15 of each dollar of new income, that 35% of the remai...

A: The quantity of money received by a person, organization, or corporation over a period of time is re...

Q: Suppose that the production function is Y =9 x0 SN5 With this production function, the marginal prod...

A: Production function gives the relation between the inputs and the output of a production process. Th...

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A: Both shop have same cost structure and therefore their reactions function and the output are going t...

Q: Profit = 2203.4*Demand -705030   Profit(1000)

A: Answer: Given, Profit function: Profit=2203.4×Demand-705030 To find the profit at Demand=1000 let us...

Q: Suppose Sky would like to spend Php 1000 to rent the badminton court (C) and study area (S) on a wee...

A: Sky utility function: U=C2S                .... (1) Sky's budget m =Php 1000 Cost of one hour on bad...

Q: The bonds sold by the U.S. government to pay for the national debt are called a) Treasury securities...

A: US government uses open market operations which includes buying and selling of securities to influen...

Q: Discuss what is meant by the long run in economics. When does the long run occur?

A: A long run is a span of time during which a manufacturer or producer can make manufacturing decision...

Q: An increase in would lead to an increase in long-run economic growth. O a) resources and technology ...

A: Economy experiences long run economic growth when its production potential increases.

Q: Complete the following table by computing the total profit (the chemical plant's economic profit and...

A: No recycling= 2900+1700= 4600 Recycling= 2600+2500= 5100

Q: Use the following information to answer the question below: Study Hours Grade O1 2 O25 42 S57 69 4 6...

A: Marginal product is the change in total product due to additional unit of input. here two variables ...

Q: 3. Profit maximization using total cost and total revenue curves Suppose Cho runs a small business t...

A: Selling a product or service at a predetermined price generates a company's revenue. An organization...

Q: Given a utility function U(X,Y) = Xa y(1-a), with price Px and Py, and income I, Statement 1: The in...

A: U = Xa Y1-a Differentiate U w.r.t X to get MUx => MUx = dU / dX => Mux = a *(Y / X)1-a and Dif...

Q: 5. Anna is the mother of twins. For two years after her children were born, she was able to stay hom...

A: An economic system is a way for governments or communities to distribute and organise resources, goo...

Q: Consider the Canadian economy starting at long-run equilibrium. Evaluate the following statement and...

A: In an economy, government requires from new firm to adopt green power sources for the production of ...

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A: Diseconomies of scale happen when an organization/business develops so huge that the expenses per un...

Q: 2) In the absence of any correction for national security and climate change considerations, does th...

A: 2) When there is no correction method available for national security and climate change, the market...

Q: loan wants to buy land to expand her farm. She estimates one property would generate $780 ber acre i...

A: The land will be bought after the coat benefit analysis . Cost and benefit analysis plays very impor...

Q: (Figure: Market) A quota of 25 units is placed on the market that is shown in the figure. The quota ...

A: here we find the correct option as follow;

Q: Questions: a. By using the 4-market system, give your analysis of the effect of raising the interest...

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

Q: The price elasticity of demand for a monopolist’s product is –0.7. Advise the firm on its pricing st...

A: The monopolist's inelastic demand is represented by the negative sign of the monopoly. 

Q: • Given following information: Y = 4000 - 200i The IS equation Ms/P = 2000 Vertical LM • Calculate e...

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new que...