1. Could local fire departments be privately operated, with their services sold directly to customers? What problems would be involved in such a system?

Q: In Ecoland, producers make both televisions and clocks. At current production levels, the marginal c...

A: (a) Given that,   marginal cost (clock) = $50. marginal cost (television)= $150. By bringing...

Q: What is the nature and function of Government-owned and Controlled Corporations (GOCCs)? Site exampl...

A: GOCCs are administered by the Governance Commission for Government-Owned or Controlled Corporations ...

Q: When does the opportunity cost of holding money rise? O a. When income falls O b. When interest rate...

A: Opportunity cost is the value of the next best alternative/option which is forgone.

Q: The optimal level of production is the level that either maximizes profits or minimizes losses. How ...

A: Answer: An optimal level of production refers to that level of output where the profit is maximum or...

Q: 14. A lemon-growing cartel consists of four orchards. Their total cost functions are: TC, = 20 +50; ...

A: A cost function is a numerical equation used to diagram how creation costs will change at various re...

Q: Nominal interest rates differ from real interest rates in that real interest rates are expressed in ...

A: Real interest rate refers to the nominal interest rate that is adjusted for inflation.

Q: Have you ever experienced inequity in a job or a class? How did it affect you?

A: Yes. I have experienced inequity in a job.

Q: Banks extend many fixed-rate loans. Why? A farmer buys machinery with a fixed - rate loan to be repa...

A: Dear student, you have asked multiple sub-part questions in a single post. In such a case, I will be...

Q: Octopus has 5RL (Right Legs) and 3LL (Left legs) Will only wear matching shoes on all 8 legs   Ut...

A:

Q: 9. Which of the following is not a characteristic of a 'price taker'? TR = P Y O

A: To find : Which is not characteristics of price taker. 

Q: In 2020, the Oakland Raiders moved to Las Vegas. As part of the arrangement, the city agreed to cont...

A: Building a stadium can not be evaluated only based on how much revenue it will generate. It has othe...

Q: The relationship between the price of the bond and the market rate of interest rate? * a. Inversely...

A: Par value of a bond is the amount you will get at the time of maturity of the bond The market price ...

Q: If the reserve ratio is 0.4, then the money multiplier is equal to O a. 4 O b. 2 O . 2.5 O d. 0.25

A: Answer to the question is as follows:

Q: A monopoly produces outcome and than the efficient deadweight loss. a. More, creates b. Less, create...

A: Monopoly is a single seller that sells unique good in the market. It charges price greater than marg...

Q: In Figure 2 above, what are the factors that may cause the aggregate demand to  shift from AD to AD1...

A: Answer to the question is as follows:

Q: Q2- what is the effect of Russian Ukrainian crisis on Oil prices and Gold Prices,

A: Russia-Ukraine war has led to uncertain conditions in the global economy. Russia is one of the super...

Q: The formal study of economics began when Adam Smith (1723-1790) published his famous book The Wealth...

A: Adam Smith otherwise called father of financial aspects distributed his book The enquiry into The na...

Q: According to Freedom House "Freedom in the World" 2022 report, countries with aggregate score declin...

A: Global Democratic Indices measure the democratic performance of countries around the world. 

Q: firm produces at an output level where the marginal product of labor (MPL) is 50 units and the margi...

A: Output is maximized where the  MPL/PL =MPk/Pk

Q: Payments for the same services differ greatly between Medicaid and private insurers. Explain whether...

A: Insurance refers to the policy or contract under which clients who have contracts from an insurance ...

Q: For the following arithmetic gradient series, with interest at 10%, find: a. The present worth b. Th...

A: Interest rate =10% Present value = P(1 + r)n (a) Total present value =  800(1 + 0.1)2 + 1600(1 + 0.1...

Q: There are a number of factors that can affect exchange rates. List and explain at least three.

A: Exchange rates:The value for which one currency is exchanged for another is defined as the exchange ...

Q: . Economies of scale are of two kinds

A: To find : What are types of economies of scale. 

Q: Which of the following is NOT part of monetary policy? * a. influencing the demand for goods and se...

A: Monetary policy is operated by the central bank of a country. Monetary policy affects the money supp...

Q: In a single year, Germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. In the same...

A: Introduction Germany can raise 100 tons of wheat to produce 1,000 boxes of daises. So Germany can pr...

Q: uppose a workers' union managed to sign a new wage contract with the employer for a 5% ominal wage i...

A: Nominal wage refers to the actual money that is earned while Real wage is the sum of nominal wage an...

Q: The deposit rate that the Bank of Canada pays to commercials banks is a to such banks because O a. L...

A: The deposit rate of Bank of Canada is the rate that the Central Bank pays to the commercial banks wh...

Q: Which if the following statements about equilibrium price are true? Choose all that apply. A. Market...

A: The curve that depicts various quantities of goods being demanded by individuals at various levels o...

Q: A certain masonry dam requires 500,000 cu.m. of gravel for its construction. The contractor found tw...

A: Given: The construction cost is = 500,000 cu.m. To Find: The lesser costs and economically feasible ...

Q: What is collusion in economics

A: Answer to the question is as follows:

Q: When we know that the firms must be producing at the minimum point of the average cost curve and so ...

A: To find : When will be productive efficiency. 

Q: Graph Name Halloween Costume Pe Increase Q   ∆ in D Increase ∆ in Qd Increase ∆ in S Decrese...

A: Market demand for a commodity can change as a result of a change in consumers income, their tastes a...

Q: 10. A job-search model of the natural rate of unemployment This question refers to the job search mo...

A: Here, given information is: Separation rate (s)= 0.03 Job finding rate (f)= 0.12 Labor force= 200 m...

Q: Explanation of possible effects of higher oil prices on different types of firms and consumers

A:   Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and scarcit...

Q: Which one was not one of the arguments in support of creating a monetary union in the EU (Eurozone)?...

A: The European Union is the agreement between 27 countries of Europe, that are agreed upon free moveme...

Q: For the following questions, make use of provided information. Since the peak of the pandemic shutdo...

A: After the pandemic, unemployment has decreased from 15% in April 2020 to 4% in February 2022 and inf...

Q: Use the green line (triangle symbols) to show the long-run aggregate supply curve (LRAS;) after the ...

A: According to real business cycle theorists, INCREASE IN consumption resulting from the major product...

Q: a. What factors determine the elasticity of resource demand? Ease of resource substitutability, elas...

A: a. The elasticity of resource demand is determined by whether or not the resource has close substitu...

Q: In which year did the economy above most likely have an actual unemployment rate equal to the sum of...

A: The economies around the globe are involved in various economic, and financial transactions, and act...

Q: Which of the following will affect money demand? O a. Income O b. The CPI O c. All of the answers ar...

A: The answer is - c. All of the answers are correct

Q: In the short run, when the output of a firm increases, its average fixed cost

A: To find : What will be average fixed cost. 

Q: b) If AR at this output is below AVC.

A:

Q: What are the two main problems that have caused the demise of the command systems?

A: The economy where a government authority depicts the production levels that are in turn permissible ...

Q: explain what is post heckscher-ohlin model?

A: The Heckscher-Ohlin model suggests that countries export what they are best at producing in economic...

Q: If the marginal propensity to consume is 0.75. When the world gets into a recession period, country ...

A: Answer: Given, MPC marginal propensity to consume=0.75Change in GDP Fall in net exports=$2 billion L...

Q: Country Alpha has an adult population of 200 million citizens. The population under age 16 is 35 mil...

A: Given, In Country Alpha Adult Population = 200 million Underage Population = 35 million Not in Labor...

Q: If one Canadian dollar buys US$0.85, and one Euro buys US$1.20, then one Euro should buy O a. C$1.02...

A: Given CAD/USD rate = 0.85 $ EUR/USD rate = 1.20 $  

Q: Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know ...

A: To find : Year of publish. 

Q: 6. There is no safe hobby, is there? What could be healthier than gardening? Apparently, not-gardeni...

A: Given information

Q: pital each increase by 8% and output also increases by 3%. The production function exhibits_ returns...

A: Production function shows the relationship between the input and output.