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The table below represents some points on the graph of a linear function. x y 0 -6 2 -10 5 -16 6 -18 Which equations represents algebraic forms of this relationship? A y = -2x – 6 B y = -6x – 2 C 10x + 5y = -30 D y + 2 = -2(x + 2) E 10x – 5y = -30

Answer: Equation Representing Algebraic Form of Linear Function The table below represents some points on the graph of a linear function. The equation that best represents the given data is equation A: y = -2x – 6. This equation is

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Consider Reference Chart A, which represents the labour market across two countries, assuming each one of them has a certain, specific volume of capital that cannot move across countries. Assume furthermore that there is also a barrier to labour mobility between the two countries, so that Home has only 25 units of labour available while Foreign has 75. Under these conditions, how much would the Home wage per unit of labor be?

Answer: Home Wage Per Unit of Labor in Reference Chart A In Reference Chart A, the Home wage per unit of labor is determined by the supply and demand of labor in the Home country. With the given conditions of

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Consider an economy where there are only two productive activities: Farming and Herding. Farming requires 3 workers and one acre of land to produce every ton of farming goods, whereas herding only requires 1 worker and 1 acre of land to produce a ton of herding products. Assuming perfect competition and zero elasticity of substitution between productive factors, if the price of a ton of farming products is 100 currency units, whereas the price of a ton of herding products is 40 currency units, what will be the wage per worker, expressed in currency units?

Answer The wage per worker in this economy, expressed in currency units, can be determined by calculating the marginal product of labor. Marginal product of labor is the amount of output a worker adds to the total production of the

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Consider once again the economy where Farming requires 3 workers and one acre of land to produce every ton of farming goods, whereas herding only requires 1 worker and 1 acre of land to produce a ton of herding products. Assuming perfect competition and zero elasticity of substitution between productive factors, under the new set of prices of 100 currency units per ton of farming products and 60 currency units per ton of herding products, what will now be the rent per acre of land, expressed in currency units?

Answer: Rent Per Acre of Land in Perfect Competition and Zero Elasticity of Substitution In perfect competition and zero elasticity of substitution between productive factors, the amount of rent per acre of land will depend on the prices of farming

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You are provided with the following information about an open economy with Government activity: Government spending, G = 50 Consumption function, C = 16 + 0.75(1-t)Y Investment, I = 34 Exports, X = 30 Imports, Z = 10 + 0.1Y (a) Determine the equilibrium national income algebraically, when the economy is closed and tax rate is zero, using: (i) Output – Expenditure Approach. [2 marks] (ii) Withdrawal – Injection Approach. [1 mark] (iii) Calculate the expenditure multiplier for an open economy with government. [3 marks] (iv) Assume that investment increases to 50 and the marginal propensity to consumer falls to 0.6. Determine the new equilibrium income and calculate the new expenditure multiplier as per (iii).

Answer: Equilibrium National Income of an Open Economy with Government Activity The equilibrium national income of an open economy with government activity can be determined using the Output-Expenditure Approach and the Withdrawal-Injection Approach. Both approaches can be used to calculate

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You are provided with the following information about an open economy with Government activity: Government spending, G = 50 Consumption function, C = 16 + 0.75(1-t)Y Investment, I = 34 Exports, X = 30 Imports, Z = 10 + 0.1Y (a) Determine the equilibrium national income algebraically, when the economy is closed and tax rate is zero, using Output – Expenditure Approach.

Equilibrium National Income when Economy is Closed and Tax Rate is Zero The equilibrium national income, Y, in an open economy with government activity can be determined algebraically using the Output – Expenditure Approach. This approach requires the sum of

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You are provided with the following information about an open economy with Government activity: Government spending, G = 50 Consumption function, C = 16 + 0.75(1-t)Y Investment, I = 34 Exports, X = 30 Imports, Z = 10 + 0.1Y (a) Determine the equilibrium national income algebraically, when the economy is closed and tax rate is zero, using Output – Expenditure Approach.

Answer: Equilibrium National Income When Economy is Closed and Tax Rate is Zero The equilibrium national income of an open economy with government activity can be determined algebraically using the Output – Expenditure Approach. This approach states that an economy

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You are provided with the following information about an open economy with Government activity: Government spending, G = 50 Consumption function, C = 16 + 0.75(1-t)Y Investment, I = 34 Exports, X = 30 Imports, Z = 10 + 0.1Y (a) Determine the equilibrium national income algebraically, when the economy is closed and tax rate is zero, using Output – Expenditure Approach.

Equilibrium National Income (Y) in an Open Economy with Government Activity In an open economy with government activity, the equilibrium national income (Y) can be determined using the Output-Expenditure approach. This approach requires capturing the components of output, in this

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(a) Kai is the manager of a watch making firm operating in a competitive market. His cost of production is given by C = 100 + Q 2 and marginal cost = 2Q, where Q is the level of output and C is total cost. (i) How much is the fixed cost and variable cost of production of Q. If the price of a watch is $60, how many watches should he produce to maximize profit? What will the profit level be? What is the minimum price required for the firm to produce a positive output?

Production Cost Analysis Kai is the manager of a watch making firm operating in a competitive market. His total cost of production is given by C = 100 + Q2, and his marginal cost is 2Q, where Q is the

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(a) Kai is the manager of a watch making firm operating in a competitive market. His cost of production is given by C = 100 + Q 2 and marginal cost = 2Q, where Q is the level of output and C is total cost. (i) How much is the fixed cost and variable cost of production of Q. If the price of a watch is $60, how many watches should he produce to maximize profit? What will the profit level be? What is the minimum price required for the firm to produce a positive output?

Answer: Kai’s watch making firm is operating in a competitive market with a cost of production given by C = 100 + Q2 and marginal cost = 2Q, where Q is the level of output and C is total cost.

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The diagrams below show the market for soy bean oil. Soy bean oil is an inferior good. Canola oil is a substitute for consumers. Which diagram (pick only one) shows what will happen if the price of canola oil decreases, and at the same time consumers’ incomes increase. Just enter the letter of the correct diagram. Choose once of the following options: a, b, c, d, e, f, g, h

Answer: The Impact of Canola Oil Prices and Consumer Incomes on the Market for Soy Bean Oil The diagrams below represent the market for soy bean oil, which is an inferior good, meaning that as incomes increase, the demand for

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The diagrams below show the market for apple pie. Apple juice is a substitute for producers. Which diagram illustrates what will happen in the market for apple pie if the price of apple juice decreases? Write the letter representing the correct diagram. choose once of the following options: a, b, c, d, e, f, g, h

Answer: What will happen in the market for apple pie if the price of apple juice decreases? The letter representing the correct diagram is D. This diagram illustrates that the demand for apple pie will increase, while the supply will

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If the government imposed a temporary price of $2 in this market, what would happen? Select one: a. There would be a surplus of 10 000 units. b. There would be a shortage of 8000 units. c. There would be a surplus of 4000 units. d. There would be a shortage of 10 000 units.

Answer The answer to this question is option C – There would be a surplus of 4000 units. This is because when the government imposes a price floor, or a minimum price, it creates a situation where the price is

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Canadians consider ham and bacon to be substitutes. An increase in the price of bacon causes ________ in the equilibrium price of and ________ in the equilibrium quantity of ham. Select one: a. a rise; an increase b. a fall; a decrease c. a rise; a decrease d. a fall; an increaseThis year there was a disease that affected all potato crops in Canada, ruining the harvest for this year. Also this year, there is an decrease in the price of pizza since farmers were able to grow more wheat after the potato crops were ruined. Suppose that pizza is usually eaten on its own, while it’s closest substitute god for consumers, hamburgers, are usually eaten with french fries. Analyse the affect of these changes in the french fry market. Select one: a. Price will increase and quantity will be uncertain b. Price will increase and quantity will decrease c. Price will increase and quantity will increase d. Price will be uncertain and quantity will decrease e. Price will decrease and quantity will decrease

Answer: The Impact of the Disease on the Canadian Potato Crop on the French Fry Market The disease that affected all potato crops in Canada this year had an impact on the French fry market. The potato crop ruining had

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This year there was a disease that affected all potato crops in Canada, ruining the harvest for this year. Also this year, there is an decrease in the price of pizza since farmers were able to grow more wheat after the potato crops were ruined. Suppose that pizza is usually eaten on its own, while it’s closest substitute god for consumers, hamburgers, are usually eaten with french fries. Analyse the affect of these changes in the french fry market. Select one: a. Price will increase and quantity will be uncertain b. Price will increase and quantity will decrease c. Price will increase and quantity will increase d. Price will be uncertain and quantity will decrease e. Price will decrease and quantity will decrease

Answer: The Effect of Potato Crops in Canada on the French Fry Market This year, Canada experienced a disease that affected all potato crops, ruining the harvest for this year. At the same time, there has been a decrease in

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The Apple Juice Market Reference: Ref 3-14 Figure: Supply and Demand in the Apple Juice Market Use the above figure for the apple juice market. Suppose that market is originally in equilibrium at point C. Most people drink apple juice only in the alhoholic form called cider. What will be the new equilibrium point in the apple juice market if a law not allowing the consumption of alcohol passes? Select one: a. E b. D c. B d. A

Answer: The Apple Juice Market The given figure is for the apple juice market and it is originally in equilibrium at point C. If a law not allowing the consumption of alcohol passes, the new equilibrium point in the apple

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This year there was a disease that affected all potato crops in Canada, ruining the harvest for this year. Also this year, there is an decrease in the price of pizza since farmers were able to grow more wheat after the potato crops were ruined. Suppose that pizza is usually eaten on its own, while it’s closest substitute god for consumers, hamburgers, are usually eaten with french fries. Analyse the affect of these changes in the french fry market. Select one: a. Price will increase and quantity will be uncertain b. Price will increase and quantity will decrease c. Price will increase and quantity will increase d. Price will be uncertain and quantity will decrease e. Price will decrease and quantity will decrease

Answer: The Impact of Potato Crop Loss on the French Fry Market This year, the Canadian potato crop has been affected by a disease, resulting in a complete harvest failure. Simultaneously, the increased wheat production due to the potato crop

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This year there was a disease that affected all potato crops in Canada, ruining the harvest for this year. Also this year, there is an decrease in the price of pizza since farmers were able to grow more wheat after the potato crops were ruined. Suppose that pizza is usually eaten on its own, while it’s closest substitute god for consumers, hamburgers, are usually eaten with french fries. Analyse the affect of these changes in the french fry market. Select one: a. Price will increase and quantity will be uncertain b. Price will increase and quantity will decrease c. Price will increase and quantity will increase d. Price will be uncertain and quantity will decrease e. Price will decrease and quantity will decrease

Answer: The Affect of Changes in the French Fry Market The potato crop in Canada was greatly affected by a disease this year, resulting in a ruined harvest. This has had a noticeable effect on the price of pizza since

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This year there was a disease that affected all potato crops in Canada, ruining the harvest for this year. Also this year, there is an decrease in the price of pizza since farmers were able to grow more wheat after the potato crops were ruined. Suppose that pizza is usually eaten on its own, while it’s closest substitute god for consumers, hamburgers, are usually eaten with french fries. Analyse the affect of these changes in the french fry market. Select one: a. Price will increase and quantity will be uncertain b. Price will increase and quantity will decrease c. Price will increase and quantity will increase d. Price will be uncertain and quantity will decrease e. Price will decrease and quantity will decrease

Answer: Affect of Changes on French Fry Market The potato crop failure in Canada this year has caused a decrease in the price of pizza due to the increased availability of wheat and has affected the overall French fry market.

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There is an analyst for the cloth industry is reviewing the market and trying to estimate the equilibrium price and quantity. She must consider factors that can affect supply and demand for cloth. The price of cotton (used to make cloth) increases at the same time, there is a decrease in the price of pleather (used to make clothes instead of cloth), what would be affected in the market for cloth? Select one: a. equilibrium price increases and quantity increases b. equilibrium price increases and quantity decreases c. equilibrium price decreases and quantity is unknown d. equilibrium price is unknown and and quantity decreases

Answer The correct answer is b. equilibrium price increases and quantity decreases. This is because an increase in the price of cotton and a decrease in the price of pleather will cause the demand for cloth to decrease, while the

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Do you shit where you eat?

Answer: Do You Shit Where You Eat? No, it is not recommended to shit where you eat. Doing so is typically seen as unsanitary and can lead to the spread of disease. It is also seen as rude and can

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Problems 10–15 are based on the demand and supply schedules for gasoline below (all quantities are in thousands of gallons per week): Price per gallon Quantity demanded Quantity supplied $1 8 0 2 7 1 3 6 2 4 5 3 5 4 4 6 3 5 7 2 6 8 1 7 Graph the demand and supply curves and show the equilibrium price and quantity.

Answer: Demand and Supply of Gasoline The demand and supply schedules for gasoline are based on the quantity and price of gasoline in thousands of gallons per week. The demand and supply curves can be graphed to show the equilibrium

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Graph this: The table below shows the demand and supply schedules for Sriracha in New York City per week. Price per bottle ($) Quantity demanded Quantity supplied 1 8000 0 2 7000 1000 3 6000 2000 4 5000 3000 5 4000 4000 6 3000 5000 7 2000 6000 8 1000 7000. Suppose the quantity supplied decreased by 2,000 gallons per month at each price for prices between $4 and $8 per gallon. ​[Note: at prices less than $4 per gallon the quantity supplied becomes zero.] At a price of $4 per gallon, how much would the surplus or shortage be?

Demand and Supply Schedules for Sriracha in New York City The table above shows the demand and supply schedules for Sriracha in New York City per week. According to the table, at a price of $4 per gallon, the quantity

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The table below shows the demand and supply schedules for Sriracha in New York City per week. Price per bottle ($) Quantity demanded Quantity supplied 1 8000 0 2 7000 1000 3 6000 2000 4 5000 3000 5 4000 4000 6 3000 5000 7 2000 6000 8 1000 7000 Suppose the quantity demanded increased by 2,000 gallons per month at each price. At a price of $3 per gallon, how much would the surplus or shortage be? Suppose the quantity supplied decreased by 2,000 gallons per month at each price for prices between $4 and $8 per gallon. ​[Note: at prices less than $4 per gallon the quantity supplied becomes zero.] At a price of $4 per gallon, how much would the surplus or shortage be? Can you provide a graph that i can access with the answers?

Demand and Supply Schedules for Sriracha in NYC The table below shows the demand and supply schedules for Sriracha in New York City per week. The demand schedule indicates the quantity of Sriracha that consumers are willing to purchase at

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The table below shows the demand and supply schedules for Sriracha in New York City per week. Price per bottle ($) Quantity demanded Quantity supplied 1 8000 0 2 7000 1000 3 6000 2000 4 5000 3000 5 4000 4000 6 3000 5000 7 2000 6000 8 1000 7000 Suppose the quantity demanded increased by 2,000 gallons per month at each price. At a price of $3 per gallon, how much would the surplus or shortage be? Suppose the quantity supplied decreased by 2,000 gallons per month at each price for prices between $4 and $8 per gallon. ​[Note: at prices less than $4 per gallon the quantity supplied becomes zero.] At a price of $4 per gallon, how much would the surplus or shortage be? Can you provide a graph with the answers?

Answer: Demand and Supply Schedule for Sriracha in New York City The table below shows the demand and supply schedules for Sriracha in New York City per week. The demand schedule describes the amount of Sriracha that consumers are willing

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The table below shows the demand and supply schedules for Sriracha in New York City per week. Price per bottle ($) Quantity demanded Quantity supplied 1 8000 0 2 7000 1000 3 6000 2000 4 5000 3000 5 4000 4000 6 3000 5000 7 2000 6000 8 1000 7000 Suppose the quantity demanded increased by 2,000 gallons per month at each price. At a price of $3 per gallon, how much would the surplus or shortage be? Suppose the quantity supplied decreased by 2,000 gallons per month at each price for prices between $4 and $8 per gallon. ​[Note: at prices less than $4 per gallon the quantity supplied becomes zero.] At a price of $4 per gallon, how much would the surplus or shortage be? Can you provide a graph with the answers?

Answer At a price of $3 per gallon, the quantity demanded increased by 2,000 gallons per month would result in a surplus of 2,000 gallons per month. At a price of $4 per gallon, the quantity supplied decreased by 2,000

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The table below shows the demand and supply schedules for Sriracha in New York City per week. Price per bottle ($) Quantity demanded Quantity supplied 1 8000 0 2 7000 1000 3 6000 2000 4 5000 3000 5 4000 4000 6 3000 5000 7 2000 6000 8 1000 7000 Suppose the quantity demanded increased by 2,000 gallons per month at each price. At a price of $3 per gallon, how much would the surplus or shortage be? Suppose the quantity supplied decreased by 2,000 gallons per month at each price for prices between $4 and $8 per gallon. ​[Note: at prices less than $4 per gallon the quantity supplied becomes zero.] At a price of $4 per gallon, how much would the surplus or shortage be?

Answer: Demand and Supply Schedules for Sriracha in New York City The table provided shows the demand and supply schedules for Sriracha in New York City per week. It shows the quantity demanded and supplied at each price, and given

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Write 3 reasons why aid can prevent development

What Is Development Aid? Development aid is a form of financial assistance or resources given by governments, organizations, and individuals to less-developed countries or regions in order to help them achieve economic and social progress. Aid is typically provided in

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Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In a three paragraph essay (a minimum of 4-5 sentences), write an analysis of these opportunities that answers the following questions. Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? What are the true risks of investment with this company, and does the company accurately describe these risks? What are the potential returns on an investment, and does the company accurately describe these returns?

Answer: Analysis of Investment Opportunities by Earll Investments and Pima Financial Trading When evaluating investment opportunities provided by Earll Investments and Pima Financial Trading, it is important to consider the evidence available, the true risks of investment, and the potential

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Review each of the investment opportunities provided by Earll Investments and Pima Financial Trading. In a three paragraph essay (a minimum of 4-5 sentences), write an analysis of these opportunities that answers the following questions. Based on the evidence available to you, which investment opportunity is more likely to be fraudulent? What are the true risks of investment with this company, and does the company accurately describe these risks? What are the potential returns on an investment, and does the company accurately describe these returns?

Analysis of Earll Investments and Pima Financial Trading Earll Investments and Pima Financial Trading are two investment opportunities that potential investors should review carefully before making a decision. Earll Investments offers a range of investment products, including stocks, bonds, mutual

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You are provided with the following information about an open economy with Government activity: Government spending, G = 50 Consumption function, C = 16 + 0.75(1-t)Y Investment, I = 34 Exports, X = 30 Imports, Z = 10 + 0.1Y (a) Determine the equilibrium national income algebraically, when the economy is closed and tax rate is zero, using Output – Expenditure Approach.

Equilibrium National Income using Output – Expenditure Approach Equilibrium national income can be determined algebraically using the Output – Expenditure Approach. This approach takes into account the four components of spending: Consumption, Investment, Exports and Imports. The equation for Output

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