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what is meant by mixed strategies

Mixed Strategies Mixed strategies are strategies in game theory that involve randomly selecting a move from a set of possible moves. Mixed strategies are used to prevent an opponent from predicting the next move and allow a player to take

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the phillipines has the highest gini coefficient among ASEAN ‘s six largest economies at 41.58%. suppose the equation of the lorenz curve of philipinnes is l(x) =x^m^2+^2m-1. if m>0 find the value of m. show the calculations

Answer: The Gini coefficient is a measure of income inequality, with higher numbers representing greater inequality. The Philippines has the highest Gini coefficient of the six largest economies in the Association of Southeast Asian Nations (ASEAN), at 41.58%. The Lorenz

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Which kind of location offers the best living? Consider city living and country living and how this decision can affect a person’s lifestyle. Go to Writable to write a 4 paragraph (Introduction, 1st body paragraph, 2nd body paragraph, and conclusion) response to this question.

City Living vs. Country Living Living in the city or in the country both have their advantages and disadvantages. It is important to weigh the pros and cons of each to decide which lifestyle is the best for you. Pros

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Economics as a science is concerned with how individuals make ___ as they try to cope with ___ due to the fact that they have ___ needs and wants. Select one: a. money; scarcity; unlimited b. money; inflation; unlimited c. choices; scarcity; limited d. choices; scarcity; unlimited

Answer: Economics as a Science Economics is a science that studies how individuals make choices when faced with limited resources. Individuals have unlimited needs and wants, but limited resources available to them. This means that they have to make decisions

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Two Companies Compete By Setting Production Levels (Output) Simultaneously. Market Demand Is 𝑄(𝑃) = 110 – 𝑃/2 . Marginal Costs Are Constant And Equal To £40 For Both Firms. Determine Whether The Following Statement Is True Or False And Explain Your Answer Briefly “In Equilibrium, Consumers Will Obtain 3,600 Units Of Surplus” Cournot Nash working out

Answer The statement that “In Equilibrium, Consumers Will Obtain 3,600 Units Of Surplus” is false. The Cournot-Nash equilibrium is the outcome of a game between two firms that set production levels simultaneously. In this case, the market demand is 𝑄(𝑃)

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Claire has a utility function 𝑐1𝑐2, where 𝑐1 is her consumption in period 1 and 𝑐2 is her consumption in period 2. She will have income in period 2. She has an income of £70,000 in period 1, and the interest increased from 10% to 17%. Based on this information, determine whether the following statement is True or False and explain your answer briefly [20%] “Claire’s consumption in both periods would decrease”

Answer: False Claire’s consumption in both periods could decrease, remain the same, or increase depending on her preferences. In this case, the increase in the interest rate from 10% to 17% does not provide enough information to determine whether or

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: Two companies compete by setting production levels (output) simultaneously. Market demand is 𝑄(𝑃) = 110 – 𝑃/2 . Marginal costs are constant and equal to £40 for both firms. Determine whether the following statement is True or False and explain your answer briefly [20%] “In equilibrium, consumers will obtain 3,600 units of surplus”.

Answer The statement that consumers will obtain 3,600 units of surplus in equilibrium is False. This is because the market demand is determined by the price, and the firms set their production levels simultaneously, meaning that the prices and the

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Two Companies Compete By Setting Production Levels (Output) Simultaneously. Market Demand Is 𝑄(𝑃) = 110 – 𝑃/2 . Marginal Costs Are Constant And Equal To £40 For Both Firms. Determine Whether The Following Statement Is True Or False And Explain Your Answer Briefly “In Equilibrium, Consumers Will Obtain 3,600 Units Of Surplus”

Answer The statement that “in equilibrium, consumers will obtain 3,600 units of surplus” is false. In order to determine the level of surplus in equilibrium, we must first calculate the market price and the quantity supplied by each firm. Calculating

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: Two companies compete by setting production levels (output) simultaneously. Market demand is 𝑄(𝑃) = 110 – 𝑃 2 . Marginal costs are constant and equal to £40 for both firms. Determine whether the following statement is True or False and explain your answer briefly [20%] “In equilibrium, consumers will obtain 3,600 units of surplus”.

Answer The statement is False. In equilibrium, consumers will obtain a maximum of 720 units of surplus. This is because, in a duopoly where two companies compete by setting production levels simultaneously, the Cournot-Nash Equilibrium is used to model the

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You are setting up a new production line for a new type of delivery drones. You observed that the cost for the 10th unit was $5384.97 and the cost for the 80th unit was $3079.05 What is the K for the learning curve model of this production line? show the calculations

Answer The learning curve model is a mathematical model that describes the relationship between the cost of producing a product and the cumulative number of units produced. The model is used to predict the total cost of producing a certain

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if these countries were open to trade_________would export shirts and _________________would benefit from trade. The price of a computer can be expressed in terms of shirts. The highest price for which a computer can be traded that would make both countries better off its _____________________shirts per computer and the lowest price that makes both countires better off is ____________shirts per computer. Suppose that china catches up with american productivity so that a chinese worker can produce 80 shirts or 20 computers. True or false . There are no longer gains from trade. suppose that ina year an american worker can produce 80 shirts or 20 computers and a chinese worker can produce 60 shirts or 20 computers. There are 1 million workers in each country. show the production possibility frontier for us and china

Answer: Gains From Trade Gains from trade occur when countries specialize in the production of goods and services in which they have a comparative advantage and then trade for goods and services in which they have a comparative disadvantage. When

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if these countries were open to trade_________would export shirts and _________________would benefit from trade. The price of a computer can be expressed in terms of shirts. The highest price for which a computer can be traded that would make both countries better off its _____________________shirts per computer and the lowest price that makes both countires better off is ____________shirts per computer. Suppose that china catches up with american productivity so that a chinese worker can produce 80 shirts or 20 computers. True or false . There are no longer gains from trade. suppose that ina year an american worker can produce 80 shirts or 20 computers and a chinese worker can produce 60 shirts or 20 computers. There are 1 million workers in each country.

Answer: Gains from Trade Gains from trade occur when two countries can produce different goods more efficiently than each other. When goods are traded between two countries, both countries benefit from the exchange. The highest price for which a computer

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much would be the net foreign assets (also known as net external wealth or net international investment position) increase (if positive) or decrease (if negative)?

Answer: Net Foreign Assets Net foreign assets refer to the difference between the value of foreign assets owned by a country and the value of domestic assets owned by foreigners. Under the conditions outlined in the question, the net foreign

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much would the Financial Account change?

Answer: The Financial Account would change by -120 due to the stock exchange crash. This can be calculated by taking the sum of the net exports, net investment, net dividends, net government spending, and net taxes as follows: Net Exports:

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much are the country’s total savings?

Answer The country’s total savings in this economy is equal to 20. This is calculated by subtracting total spending (270) from total income (290). Supporting Subsections Total Spending Total spending in this economy is equal to 270. This is calculated

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much are the savings of the private sector?

Answer: Savings of the Private Sector The savings of the private sector in this economy can be calculated by subtracting the total amount of spending from the total amount of income. The total amount of spending includes both public and

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much is the Private Sector’s Gross Disposable Income?

Answer: Private Sector’s Gross Disposable Income The Private Sector’s Gross Disposable Income (PDI) is the amount of money available to households and businesses for spending and saving after taxes, imports, and dividends have been paid. In the scenario provided, the

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much would the Government surplus (if positive) or deficit (if negative) be?

Answer: Government Surplus/Deficit in Economy In an economy where consumers buy goods and services for a total of 150, of which 50 are imports; companies invest for a value of 70, of which 20 are imports, and export goods and

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much would be the Current Account surplus (if positive) or deficit (if negative)?

Answer: Current Account Balance In this example, the current account balance is a surplus of 30. This is calculated by taking the total value of exports (60) and subtracting the total value of imports (70). The balance of payments is

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much would be the Trade surplus (if positive) or deficit (if negative)?

Answer: Trade Surplus/Deficit In this scenario, the Trade Surplus/Deficit is -50. This is calculated by subtracting the value of imports from the value of exports. In this case, the value of imports is 70 and the value of exports is

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Imagine an economy where: Consumers buy goods and services for a total of 150, of which 50 are imports Companies invest for a value of 70, of which 20 are imports, and export goods and services for a total value of 60 Companies pay dividends to shareholders for a value of 50, of which 20 are paid to foreign investors Due to a stock exchange crash, the shares of these local companies have lost 100 of their value, of which 40 correspond to shares owned by foreigners The government buys goods and services for a total of 90, of which 10 are imports The government levies 50 from personal income taxes, 40 from VAT and 30 from social security contributions The government also pays old age pensions for a value of 60, of which 10 are paid to pensioners who no longer reside in the country Under these conditions, how much is the Gross National Disposable Income (GNDI)?

Answer: Gross National Disposable Income (GNDI) The Gross National Disposable Income (GNDI) of an economy is the total monetary value of the goods and services produced by the citizens of that economy, plus any income received from other nations, minus

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