Q: Why does price elasticity of demand play such an important role in Ogligopolistic markets?
A: The elasticity of demand demonstrates the way from which one can assess the change in Q (quantity) o...
Q: What is the monetary base the sum of?
A: The total amount of a currency in circulation in the hands of the public or the form of commercial b...
Q: 8. A firm's total cost function is given by TC = 3Q; + 2Q,Q + 7Q: Where Q, and Q. denotethe number o...
A: TC = 3Q12 + 2Q1Q2 + 7Q22Q1+Q2 = 40
Q: Give 4 possible reasons of the correlation between immigration and decreased of unemployment rates?
A: Immigration refers to the inflow of workers into the country. It aggravates the population of the co...
Q: In advertising, a business is not only making consumers aware of the existence of the product and it...
A: Income elasticity is a parameter that measures how the demand for a service fluctuates to a change i...
Q: What's the better way to think about per capita income differences between rich and poor countries t...
A: Theory of income distribution: Nicholas Kaldor frames a growth model, to present a structure for rel...
Q: Illustrate, using a Keynesian Cross diagram, the meaning of the term ‘animal spirits’.
A: Animal spirits was a term coined by the famous British economist, John Maynard Keynes, to describe h...
Q: About the Green GDP: 1-explain how to calculate green GDP ?2-why should we apply green GDP system ?
A: A green gross domestic product refers to an index of economic growth with the environmental conseque...
Q: How are GDP, sectoral balances, and the national income identity all related? Please list relations ...
A: GDP is the national income identity of the aggregate expenditure within an economy. It is the total ...
Q: ECONOMICS A logistic analysis indicates that if a new bridge across the Cumberland River is constr...
A: This will be explained through the table below:
Q: The Covid19 crisis and lockdown has been a supply response, the government Use the ADAS model, in co...
A: The lockdown triggered by the Covid-19 emergency has been a supply side shock for economy, so the go...
Q: Explain the term resource
A: Resource refers to the thing the people use to make or obtain what they need or want. And when the ...
Q: I really need help with this question!
A: Economics is the social science that study the individual and economic agent behavior in the economy...
Q: answer a,b
A: Money is any item that is popularly recognized as a means of exchange for buying goods, repaying deb...
Q: Refer to the information provided in table below to answer the questions that follow. Number of unit...
A: Cost Price Index is a way to measure the price level change of a basket of goods purchased by househ...
Q: Explain the meaning of the term ‘animal spirits’. Please refer to and include a drawing of the Keyne...
A: The term ‘Animal Spirits’ was coined by the famous British economist, John Maynard Keynes, to descri...
Q: when does a porfolio have the best risk/return characteristics ?
A: Risk and return in investing are strongly correlated. Increased risk typically goes hand in hand wit...
Q: Why economic growth can be harmful (bad) to society? Illustrate your answers with example
A: When economic activity in an economy rises, raising aggregate output, it is referred to as economic ...
Q: According to this graph, what is the profit-maximizing quantity for this firm? Price (S) MC1 27 24 A...
A: Answer: Correct option: c (30) Explanation: The firm will maximize its profit where the marginal cos...
Q: The alleged statistical relationship between the inflation and unemployment rates is most usually te...
A: According to the Bureau of labor statistics(BLS), an individual is considered unemployed if he does ...
Q: The change in output following a change in autonomous expenditure is known as the: (a) Investment F...
A: The term multiplier refers to the effect by which an increase in autonomous expenditure leads to an ...
Q: In the New Keynesian model, how should the central bank change its target interest rate in response ...
A: 1.It is important to establish the relationship between interest rate and demand for money.The quant...
Q: Fatima has a credit card account with Bank Muscat (BM). The bank is considering whether to raise Fat...
A: Tree diagram for the above problem
Q: Total utility is the addition of all the marginal utilities that an individual derives from successi...
A: The want satisfying power of a commodity is called utility. As per Marshallian theory of consumer, t...
Q: AS Price Level 100 105 103 AD Real GDP 10t 20t 30t Considering the figure above, at what point does ...
A: There are two types of aggregate supply prevailing in the market based on the time period under cons...
Q: The output level at which long-run costs are minimised is known as: (a) Average fixed cost; (b) Mi...
A: Total cost is the cost incurred by the firm on hiring factors of production to produce the final goo...
Q: Use the table in the image below to answer this question Use the information to plot the demand, ma...
A: Answer: Note: The demand curve shows the relationship between the price and quantity. The marginal r...
Q: Explain whether each of the following events shifts the short-run aggregate-supply curve, the aggreg...
A: When there is a reduction in household income tax, there is an increase in income for consumption wh...
Q: Can you help me with this
A: With the opening up of trade, there is specialization and the country is involved in the production ...
Q: What basic economic models and analytical approaches should managers use to understand, among a mult...
A: An economic model is a simplified representation of reality that enables us to observe, comprehend, ...
Q: ‘The population problem is not just a matter of expanding numbers but also one of rising affluence a...
A: In a world of limited resources, the whole thing seems to be talking about how we can support large ...
Q: Explain factors affecting labour of supply
A: The factors on which supply of labour depends include: Population: The most important factor affe...
Q: Advanced Electrical Insulator Company is considering replacing a brokeninspection machine, which has...
A: Details of Salvage value and annual operating cost for an old machine. Year Salvage Value Annual ...
Q: 2. Suppose you are able-bodied and intelligent, but lazy. You'd rather sit at home and watch televi...
A: Unemployment: - unemployment is that portion of the labor force that is able to do work and looking ...
Q: 5. You are given the following information about an economy: Gross private domestic investment = 40 ...
A: Note: Since you have posted a question with multiple subparts, we will solve the first three subpart...
Q: The U.S. is an importer of ethanol, and let’s assume they are a price-taker in the world market. Su...
A: Since you have posted multiple-part questions, we will be answering only the first three parts for y...
Q: What component of the GDP (Gross Domestic Product) would you classify a product or service Microsoft...
A: Gross domestic product", or GDP, is the total value of all finished services and goods generated wit...
Q: Question 5: Briefly explain the market arenas.
A: There are two sub parts of the economy, which are micro economy and macro economy. The macro term re...
Q: Need some help! Really don't understand economics.
A: Absolute advantage refers to the capability of trading partners to produce more output when the reso...
Q: For all of their diversity, less developed countries are linked by a range of common problems. What ...
A: Developing countries refers to the one which has low economic growth and low gross domestic product ...
Q: ‘The population problem is not just a matter of expanding numbers but also one of rising affluence a...
A: Both domestic as well as global population growth is in turn adding to conflicts over energy, food, ...
Q: The demand and supply equations for two complementary good trousers (T) and Jacket (J) are given by;...
A: A complementary good refers to a good that is used along with another good. One good cannot be used ...
Q: A special shoe manufacturer ABC Co. has costs of production as follows : Quant...
A: The total cost (TC) consist of fixed cost (FC) and variable cost (VC) in short-run, i.e. TC = FC + V...
Q: Find a movie that has some sort of economic principle(s) in a particular scene. Give a brief synopsi...
A: Economic concepts can be challenging for a student to imagine and comprehend while just faced with d...
Q: 3.3.1 Identify the first government policy implemented in 1994 to address (1) the imbalances of the ...
A: Since you have posted a question with multiple sub-parts, we will solve first three sub parts for yo...
Q: 4. Does the GDP gap measure all of the costs of unemployment? Why or why not?
A: GDP(gross domestic product) is referred to the value of all goods & services that are produced b...
Q: The central bank buys worth of bonds in the open market from Joe, who deposits the proceedsin his ch...
A: Suppose the central bank buys $10,000 worth of bonds. The required reserve ratio is 5% Central bank:...
Q: Which of the following is not a part of the WTO's stance on trade ? a . Freer import policy for the ...
A: WTO (world trade organization) is the global organization that deals with the regulation of trade be...
Q: Can you tell me how I’m supposed to figure this out?
A: Equilibrium price is the price where demand is equal to the supply of a good. This also means that t...
Q: ASAP WITH NEAT EXPLANATION
A: Given: The interest rate = 5% The first cost is = JD 700 The operating cost for 6 years is = JD 1,60...
Assume an economy can be modeled with these equations: C = 210 + b Yd, I = 200, G = 103 - 0.054 Y, X = 280 M = 305 and T = -40 + 0.29Y. What is the value of b when the multiplier on Investment is 1.867?
the answer is 0.73
Step by step
Solved in 2 steps
- A different economy can be modeled with these equations: C = 150 + b Yd, I = 260, G = 70, X = 280, M = 325, and T = 60. If the multiplier on Investment is 6.25, what is the value of b?An economy is described by the following equations: Y = C + I, + G C = a + b(Y – T) T = tY %3D %3D Let a = 20,6 = 0.75, t = 0.25, I, = 100, G = 240 %3D (a) Determine the value of the multiplier for this economy, and find the equilibrium value of Y. (b) Find the values of C, T and G-T, given your answer to part (a). (c) Describe what would happen if the government tried to eliminate its budget deficit by undertaking a cut in G equal to the current value of G-T. HTML Editor B IUA A ▼ 回 深 D ¶ T 12pt Paragrap IIFor the multiplier to be positive what condition must be satisfied?
- Find the value of MPC when multiplier is stated as 0.97Construct a consumption function from the data given here and determine the MPC. Given the consumption function in the above question, what is the relationship between disposable income and consumption?If the value of MPC is 0.8, find the value of multiplier.
- Find the equilibrium level of GDP (income or V) demanded in an economy in which investment (1) is always $300, net exports (X-IM) are always - 550, government expenditures (G) and taxes (T) are each equal to $400, and the consumption function is described by the following algebraic equation: C = 150 + 0.75Dl DI is disposable income. How much saving (5) is there at the equilibrium level of income. Hint: (1) Dl = Y (national income or GDP) minus taxes (Y-T) (2) Income (Y) not consumed (C) must be saved (S). This means that S = Y-C. (3) to answer this you have to set Y=AE or Y=C+1+G (X-IM), and solve for Y. Then you have to solve for S.In an economy the savings function is given to be as:- C = 1000 + 0.75Y Where C is the Consumption Expenditure and Y is the national income. Derive the saving functionWhat is constrains optimization, explain and discuss the significance of langrage multiplier.
- Construct a consumption function from the data given here and determine the MPC. Given the consumption function in the above question, what is the relationship between disposable income and consumption? Is it direct or indirect and then explain what it means.If the value of investment multiplier is 1 what will be the value of MPCThe autonomous consumption expenditures and autonomous investment expenditures in an economy are $250 and $350, respectively. It is also observed that individuals spend 90% of their additional income on consumption. Using the information provided above, the aggregate expenditure function for this economy is: (Round your response for the intercept term to the nearest whole number and for the slope term to two decimal places.) The simple multiplier for this economy can be calculated as 10. (Round your response to one decimal place.) The value of the simple multiplier implies that a $200 decrease in the autonomous investment expenditures would lead to a $ in the equilibrium level of actual income. (Round your response to the nearest dollar.) increase AE = 600+ 0.9 Y decrease