1.Like price elasticity of demand, the price elasticity of supply can be measured in terms of changes in total revenue.” True or False.
2. Name two instances where optimizing requires the concept of the “margin”. ?
3. Why is the utility maximizing rule optimal?
In: Economics
Explain the main mechanism behind the Real Business Cycle theory to explain the sequences of booms and busts of an economy. How does it differ from Bloom’s theory of cycles generated by varying uncertainty? Analyze the effects of changes in uncertainty related to the COVID-19 crisis.
In: Economics
I need to write a forumn on income elasticity from a managers perspective in economics not less than 75 words. income elasticity- a measure of the responsiveness of the demand for a good to changes in consumer income; the percentage change in quantity demanded divided by the percentage change in income.
In: Economics
Plot the supply curve from the supply schedule information provided.
(a) What can you explain from the graph?
(b) Can you identify any determinants?
(c) What happens if price changes?
(d) What happens if other determinants change?
In: Economics
Hi! I'm doing a lab report on the synthesis of divanillin from vanillin and h202 using horseradish peroxidase type 1 enzyme. I'm wondering what the steps are in the reaction (drawing), and what the roles of h202, acetic acid, and ph changes are? :) Thank you!
In: Chemistry
In: Economics
3. What is the percentage change in price for a zero coupon bond if the yield changes from
9%
to
6%?
The bond has a face value of
$1,000
and it matures in
16
years. Use the price determined from the first yield,
9%,
as the base in the percentage calculation.
In: Finance
In: Accounting
Suppose that land is specific to agriculture, capital is specific to manufacturing, and labor is mobile between sectors. If you know that the nominal rental of capital and labor in manufacturing has fallen, then what can you say about the changes in the prices of manufactured goods and agricultural goods?
In: Economics
Explain the monetary approach to exchange rate determination
using the equations that
characterize this approach, stating its general prediction. What
are its specific predictions
about the long-run effects on the exchange rate of changes in money
supplies, interest rates,
and output levels?
In: Economics