A rightward shift of a supply curve is called

Assignment Help Business Economics
Reference no: EM131244346

1.A likely example of complementary goods for most people would be

a. canoes and paddles.

b. snow mobiles and sofas.

c. coffee and tea.

d. tennis balls and basketballs.

2. A rightward shift of a supply curve is called a(n)

a. decrease in supply.

b. increase in quantity supplied.

c. increase in supply.

d. decrease in quantity supplied.

Reference no: EM131244346

Questions Cloud

Will people spend more or less money on health care : You are the newly appointed director of the World Health Organization (WHO). After settling into your new role, in a minimum of 250 words, identify what programs would you fund if you wished to make the largest impact on health, measured as the incre..
While specialization allows firms to produce many goods : While specialization allows firms to produce many goods and services at lower production and transaction costs than individuals can, most households still produce some goods and services for themselves. Which of the following provides a reason for th..
What is the capitalized equivalent cost of infinite payments : Maintenance costs on a bridge are $5,000 every third year starting at the end of year 3. For analysis purposes, the bridge is assumed to have an infinite life. What is the Capitalized Equivalent (CE) cost of these infinite payments, assuming an annua..
Aerobics instructor at the local gym earning : Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a personal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent a..
A rightward shift of a supply curve is called : A likely example of complementary goods for most people would be. A rightward shift of a supply curve is called a(n)
What is the marginal propensity to consume in freedonia : SHOW THE MATH: You are given the following data concerning Freedonia, a legendary country: What is the marginal propensity to consume in Freedonia, and what is the marginal propensity to save? Calculate the saving function for Freedonia. Plot this sa..
The expected net salvage value of the system : Camptown? Togs, Inc., a? children's clothing? manufacturer, has always found payroll processing to be costly because it must be done by a clerk. The number of? piece-goods coupons received by each employee is collected and the types of tasks performe..
Saving and spending behavior depend in part on wealth : This chapter argues that saving and spending behavior depend in part on wealth (accumulated savings and inheritance), but our simple model does not incorporate this effect. Consider the following model of a simple economy: C = 50 + 0.8Y + 0.1W. What ..
Prices under third-degree price discrimination : You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -3. Your marginal cost of producing the product is $70. a. Determine your op..

Reviews

Write a Review

Business Economics Questions & Answers

  Make sure you label important points of interest

Joe's utility for Coke, x_1, and Pepsi, x_2, is define by u(x_1, x_2) = 5x_1 + 5x_2. Joe has an income of $100. Let the price of Pepsi equal $1. Derive Joe's inverse demand curve (price on the vertical axis and quantity on the horizontal axis) for Co..

  Two approaches to assigning dollar values might be applied

In 2011, the Deepwater Horizon oil spill in the Gulf of Mexico causd heavy damage to the fishing and tourism industries of Louisiana and other coastal states. In addition, there were long-term ecological impacts on fish and wildlife. In terms of depr..

  Deposits in the banking system and money supply increase

You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..

  Dark corner of a trendy nightclub

An 83-year-old woman is placed at a small table in a dark corner of a trendy nightclub also is ignored by the staff.

  Direct effects of increased money and spending

Do you think that monetary policy works better through the indirect effect of low interest rates or better through the direct effects of increased money and spending? Can the government cause a recession and then limit the strength and speed of the e..

  Calculate the price elasticities of demand in each market

Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.

  The absolute value of the elasticity of the demand

Now suppose that the city doubles the fee from $8 to $16. Let's determine what effect this will have on revenue for the city. To be conservative, let's assume that the absolute value of the elasticity of the demand for car trips in central London is ..

  Find the benefit maximizing level of output

A firm faces the following inverse demand equation for the commodity it produces: P = 100 – Q where P represents the price/unit of the commodity it produces and Q represents the level of output produced. Find the benefit (profit) maximizing level of ..

  Firm in the highway billboards industry

You are a firm in the highway billboards industry. Your industry is highly concentrated, with a Herfindahl-Hirschman Index of: HHI=3,000. You wish to merge with another firm in your industry, which would cause the HHI index to rise to HHI=3,050. Prov..

  Maximize profit by producing the level of output

A competitive firm will maximize profit by producing the level of output at which: Select one: a. None of the answers are correct. b. marginal cost equals marginal revenue. c. the firm's total revenue equals total cost. d. the additional revenue from..

  Alternative to conventional monetary policy

What are the advantages and disadvantages of quantitative easing as an alternative to conventional monetary policy when short-term interest rates are at the zero-lower bound?

  Illustrate how the two companies respond to macroeconomic

Based on the collected data analyze the current macroeconomic situation and its impact on walmart and starbucks. Explore in particular illustrate how the two companies' respond to the macroeconomic conditions in terms of their:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd