What are product that is elastic and explain

Q: Calculate the bank’s ROA on this loan.

A: Return on Assets (ROA) is a financial ratio that measures how efficiently a bank uses its assets to…

Q: Current Event on Economics from a reputable News Article, Report or Journal related to…

A: ***According to guidelines, the expert cannot drop external links, so the question has been solved…

Q: How is peak-load pricing a form of price discrimination? Can it make consumers better off? Give an…

A: Peak-load pricing is a form of price discrimination because it involves charging different prices…

Q: west fellowb i ask both answer how to get one answer usekess

A: According to the neoclassical theory of competitive markets, the real wage in a market is equivalent…

Q: There are two shows on Netflix that Jeff can watch, Show 1 and Show 2. ₁ measures the number of…

A: The utility function refers to all those commodity bundles that derive the same amount of utility…

Q: rita sells 100 boxed lunches per week at a price of $5 per lunch. If she charges $3 per lunch she…

A: The Marginal revenue refers to the change in total revenue when one additional unit of the good is…

Q: Q4) What is price discrimination. What are its types and how it affects production and prices?

A: Price discrimination means the practice of charging different prices for the same product or service…

Q: Quantity of Good a B O2) No change in the 3) A greater U₂ U₁ Q₁a 0₂ Quantity of Good A At any given…

A: Utility means satisfaction. Marginal utility means the change in total utility due to an additional…

Q: A firm's supply curve is depicted in the following graph. Price (P) 200 a. 16 b. 25 C. 18 d. 0 150+…

A: Economic costs involve not just the accounting costs but also the opportunity cost of making one…

Q: Determine the price elasticity of demand of group 1 and group 2. a. Group 1: -2 and Group 2: -3 b.…

A:

Q: Using the uniform gradient amount (G) and the following series of cash flow, calculate the future…

A: Cash flow in economics refers to the movement of money into and out of a business or an individual's…

Q: What does Caroline Criado Perez mean by the term “the default male”?

A: Caroline Criado Perez is a feminist author and activist known for her work on gender and data bias.…

Q: How do you analyze how Publix oligopolies position themselves to be successful?

A: Publix is a prominent grocery store chain operating in the United States. As an oligopoly, it…

Q: 5. What are the key assumptions required for instrumental variables to be a valid technique for…

A: An instrumental variable (IV) is a statistical technique used in econometrics to address endogeneity…

Q: Refer to Figure 11.2. Suppose that the Quantity of money demanded is currently at Point B. A…

A: The desire or willingness of individuals and businesses to hold a certain amount of money in various…

Q: Please solve the remaining parts from d to f. Thank you.

A: Certainly! Let's go through the remaining parts step by step.

Q: Question 14 Which of the following policy measures by a central bank will contract money supply? A…

A: A. Buying Government Security Through Open Market Operations:When a central bank buys government…

Q: So, what has happened to the USD-EUR exchange rate over the past year or two?  Can you tell anything…

A: The value of one currency compared to another, which is done by the exchange rate, is a significant…

Q: Charles lives in Houston and operates a small company selling drones. On average, he receives…

A:

Q: Keiko bought a sofa on sale for $292. This price was 27% less than the original price. What was the…

A: The sales price refers to the amount of money for which a product or service is sold to customers.…

Q: Evaluate the relationship between supply, demand, and pricing in the fireworks market. Discuss the…

A: Demand and supply are fundamental concepts in economics that describe the relationship between the…

Q: QUESTION 47 Cartels are unstable due to all of the following factors except which one? incentive…

A: Cartels: cartels are agreements or arrangements between independent firms or companies in the same…

Q: The utility function and the prices are the following: U =min{ 82 x1, 77 x2} P1-83, P2=39 and I…

A: In the latter half of the nineteenth century, various economists developed the theory of utility…

Q: What is the market structure that best suits the above firm? PRICE (Dolars) R 2 29 20 0 MC 0 10 20…

A: Market structure refers to the characteristics and organization of a specific market, including the…

Q: 11. Recession True or False: The aggregate-demand curve slopes downward because it is the horizontal…

A: Aggregate Demand: The aggregate demand is a sum of private investment demand, government…

Q: If federal deposit insurance is provided to banks at no cost to them, who pays when an insured…

A: Federal deposit insurance is a government-backed program in the United States that provides…

Q: Question Suppose that the representative consumer in Country ABC buys 4 units of each consumer good…

A: Evaluating inflation and calculating the cost of living matters for various reasons. It assists both…

Q: Company ABC is considering investing in a project whose initial cost is $183000. It saves $48000 in…

A: Initial cost = $183000Saving in the first year = $48000 increases by $5400 each yearM&O cost at…

Q: NAME THE FOOD MENU THAT FOUND IN CASUAL AND FINE DINE RESTAURANT SCRAMBLE WORDS 1. KCINHNEC GESTGUN…

A: Hello and welcome to our fun food menu scramble game! In this challenge, we have scrambled the names…

Q: Microeconomics is best defined as the study of _____.   a- how to maximize profit b-economic…

A: Microeconomics is best defined as the study of "(e)-people's choices under constraint." This…

Q: Use this figure for #5, #6 and #7. Y TE BO X 5. Bundle F is not an optimal bundle for consumption…

A: Optimal consumption bundle: The optimal consumption bundle is such that at that bundle the…

Q: Excercise: Consider the Diamond-Dybvig model of bank runs utility function is given by U(c) = √c and…

A: Expected utility is a measure of how much utility an individual hopes to get from a specific choice.…

Q: The "intergenerational wealth transfer" is when Select one: a. a government spending program…

A: Wealth can be described as the abundance of valuable resources or assets that an individual,…

Q: The developed country has a savings rate of 30% and a population growth rate of 2% per year.…

A: Steady-state is an economic concept related to the growth theories. A steady-state is a type of…

Q: On these facts, which of the following is false?

A: Bob in Burnaby called Ed in Toronto and offered to sell him of smoked salmon at . He requested that…

Q: Make or buy decision Dani’s Doohickeys can buy widgets from The Widget Company for $10 apiece or…

A: To decide whether to make or buy the widgets, Dani's Doohickeys needs to compare the total cost of…

Q: The annual output and prices of a three-good economy are shown in the table below.

A: Nominal GDP takes into account the current market prices of goods and services, including any price…

Q: Your answer has to be more than five(5) sentences for each question based on researched facts and…

A: The Production Possibility Curve (PPC) represents the different combinations of goods and services…

Q: All of the following are ways in which developing countries normally accrue legal revenue for the…

A: Developing countries rely on various sources to generate legal revenue for their annual GDP. These…

Q: In order to maximize the total monthly bonus, the manager should allocate hours toward meeting each…

A: This question is about a convenience store manager who earns a base salary plus a bonus of $60 for…

Q: B.You are interested in the relationship between health and income at individual level. If you had…

A: If one had no practical, financial, or ethical constraints, one would design a randomized controlled…

Q: P12k 86432 S D 4 6 8 9 10 12 Calculate the PS at the world price. Assume the following facts: The…

A: Consumer surplus is the area below demand curve and above price. Producer surplus is the area below…

Q: What would happen in the long if the firm produces 84 units and charges $28? PRICE Data 80 80 20 10…

A: Firm will stay when revenue is enough to cover average variable cost.

Q: Suppose Italy produces only scooters and pressure cooker The resources that are used in the…

A: The PPF is typically depicted as a curve on a two-dimensional graph, with one good or service…

Q: Part a Determine the ERR for this project. N 3 4 5 6 % $27 $27 $27 $27 $27

A: To calculate the Economic Rate of Return (ERR) for the given cash flow profile, we need to determine…

Q: circus tickets and the cost for producing the circus. Price and cost (dollars per unit) 20 18 16 14…

A: Monopoly is a form of market structure in which a single firm sells a commodity for which there are…

Q: The college textbook market is a very profitable segment for global book publishers. Assume that ABC…

A: The marginal cost is calculated as the excess of cost expenses to the variation in the amount…

Q: Paducah Slugger Company makes baseball bats out of lumber supplied to it by Acme Sporting Goods,…

A: Price per bat = $10Wage = $15 per hourDaily fixed cost = $60Marginal cost refers to the cost…

Q: Price DAD Q+Q₁ Quantity (1) 2 Price d4d Q,+Q₂ Quantity (2) + E₁ Q, Q, Quantity -TE Quantity (4) 65…

A: The amalgamation of demand and supply forces affects prices, levels of production, and distribution…

Q: In a perfectly competitive market, when the market price of a good is $40. Referring to the below…

A: Since you have posted multiple questions, we will provide the solution only to the first question as…