Tag: Economics – Others

There is an increase in the price of gasoline, but the quantity supplied and quantity demanded in themarket remain the same. What must have happened to supply and demand?

Which of the following metrics measures a country’s economic output?
Gross national happiness
Purchasing power parity (PPP)
Gross domestic product (GDP)
Trade surplus/deficit

Identify whether each of the following is labor, capital, or a natural resource.a department storeuntapped oil deposits in Texasyour economics professora beach in Florida

Question 5 (1 point)
Which of the following makes up the smallest category of consumer spending in Canada?
transportation
shelter
alcoholic beverages and tobacco products
food

Mr. Bacani borrowed money from the bank. He received from the bank P1,842 and promised to repay P2,000 at the end of 10 months. Determine the rate of simple interest.

The output level where average unit cost is minimized is known as the
diseconomies of scale
economies of scale
best operating level
capacity used

Steps for The demand curve for product x is given by Qxd=480-2Px.a. Find the inverse demand curve.
Instruction: Enter all values as integers, or if needed, as a decimal.

A change in which variable will change the market demand for a product?
population
technology
the price of the product
the prices of substitutes in production

A computer programmer who has just quit her job but who will find a new one soon is an example of ________ unemployment.
frictional
none of these
seasonal
structural
cyclical

develop a spreadsheet for calculating sales using this formula for T equals 0 to 160 in increments of 10 one a equals 15,000 B equals -8 and C = -.05 gonpertz curve
Gompertz-form formula (using the given parameters): Sales(T) = a * EXP(B * EXP(C * T)) with a = 15,000, B = -8, C = -0.05.
Excel formula (assuming T is in column A, starting at A2):
=15000*EXP(-8*EXP(-0.05*A2))
T
Sales (approx.)
0
5.03
10
116.91
20
790.03
30
2,512.16
40
5,079.92
50
7,780.40
60
10,071.63
70
11,781.97
80
12,954.33
90
13,724.77
100
14,212.38
110
14,517.39
120
14,705.50
130
14,820.58
140
14,891.92
150
14,933.76
160
14,959.78