How many points (out of the 6 shown) can be explicitly plotted to form the IS curve given the goods market equilibrium?A goods market equilibrium is shown below: A, B, C, D, E, F 32- A goods market equilibrium is shown below: S₁ (Y= 400) 28- Real Interest Rate, r (%) S2(Y=600) S3 (Y = 800) 226 24- A 20- B C 16- 12- E 4- 0- 0 l(r) F 50 100 150 200 250 300 Desired national saving / desired investment We recommend that you drow out the IS curve before answering
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- ADVANCED MACROECONOMICS: MODERN MACROECONOMICS MODEL It is known that the maximization of the household utility function is as follows: U₁ = fety InC₁ + (1 − y) ln(L – 1,)]dt Withconstraint : K₁ = (R₂ - S)K + Welt - Ct (2) The firm produces output through the production function (Yt = F(Kt. Lt. At)) Cobb Douglas constant return to scale with the aim of maximizing profit. It is assumed that the economy is a closed economy. A. Derive the labor supply equation. Explain how the relationship between increased household preferences for (i) consumption and (ii) leisure time on labor supply. B. Derive the labor demand equation. Explain how the relationship between (i) wages and (ii) capital to labor demand. C. Determine the amount of labor (level of labor) from the above economy in steadyMarket equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for keyboards. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 05010015020025030035040045050080726456484032241680PRICE (Dollars per keyboard)QUANTITY (Keyboards)Demand Supply Graph Input Tool Market for Keyboards Price (Dollars per keyboard) Quantity Demanded (Keyboards) Quantity Supplied (Keyboards) The equilibrium price in this market is per keyboard, and the equilibrium quantity is keyboards bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and…11 Suppose that a researcher, by using a sample of transactions of residential houses, wants to estimate how the price of the houses is affected by the presence of an elevator in the building. To this end, he regresses the price of the house in thousands euro, price, on the dummy elevator indicating the presence of the elevator (dummy equal to 1) or not (dummy equal to 0): on ta price; = a0 +a1 elevator; + u; o max.: The OLS estimates are (standard errors in round brackets below the corresponding coefficient): rassegna = 53.802 + 73.068 elevator; (19.256) price; R2 = 0.036 (10.735) A 95% confidence interval for the coefficient of elevator, assuming the 3 OLS assumptions hold, would be: O (a) [52.03; 94.11] O (b) [49.34; 96.79] O (c) [55.46; 90.67] O (d) [55.46; 96.79] Precedente Successivo
- 1.) Use the line drawing tool to draw the equation Y = 1 + 1.50X. Label your line 'A'. 20- 2.) Use the line drawing tool to draw the equation Y = 18 – 1.50X. Label your line 18- 'B'. 16- 3.) Use the point drawing tool to indicate the point where both equations are equal. Label this point 'Equilibrium'. 14- Carefully follow the instructions above, and only draw the required objects. g 12- 10- 8- 6- 4- 2- 0- 4 6. 8 10 12 14 16 18 20 Quantity (Q) Price P = f(Q) -coHelp with below homework. Pls state following statements are "True" or "False". Explain brieflyA food truck vendor averages 150 tacos sold when the price per taco is $4. A study shows that the average number of tacos sold will increase by 25 facos for every $1 that the price per taco is lowered. Which equation models the food truck's average sales in dollars, s, in terms of the price per taco, x ? A 325x + 250 3 = - 25x + 250 3 = 25x + 250x 3 = - 25x + 250x P Type here to search 315 P 1/28/20 Esc Delete CD & 2 8 Backspace Num Lock R T. Y P Home D K L Enter Z. B Shift End Alt Pgup Alt Ctrl Home PgDn End deapad S rivacy Shutter on Webcam Delivery
- E-cigarette users considering quitting E-cig use may wind up taking several tries before successfully stopping: Now, assuming the typical graph for the MB and MC curve, what would happen if (which curve is shifting and as a result what happens to the optimal quantity of smoking?) 1) a new, highly effective smoking cessation aid became available? Describe what would happen in the graph 2) you get the exciting news that you will become a parentthis question requires you to solve and a man model algebraically letting PV the price of the product supposed to demand at supply functions for the same product are given by.. plot the demand and supply curvesJust solve questions 10-12, thank u! 5.The basic purpose of the ceteris paribus assumption is to: isolate the relationship between two variables by assuming all other factors remain constant allow one to focus upon micro variables by ignoring macro variables allow one to focus upon macro variables by ignoring micro variables determine whether x causes y or vice versa 6.The law of demand states that: price and quantity demanded are inversely related the larger the number of buyers in a market, the lower the price of the product price and quantity demanded are directly related consumers buy more of a given product at high prices than they buy at low prices 7.Which of the following does not cause the demand for product K to change? a change in the price of substitute product J an increase in consumer incomes a change in the price of K a change in consumer preferences 8.The law of supply indicates that: producers will offer more of a product at high prices than…
- How would you demonstrate part b) diagramatically 6. Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you have no income. You have no ability to borrow or lend, so your consumption, c, is simply equal to your income. a) Derive and plot the feasible set, between daily values of consumption c, and “leisure”, l. Label the values at the intercepts (the points where the feasible frontier cuts the two axes). b) Assume that your optimal choice of consumption and leisure is to work 8 hours per day. Illustrate this choice diagrammatically using the feasible set and indifference curves.It is known that the ABC oil company supplies consumers with 150 tons of products per day. The company produces only two types of products - gasoline and diesel fuel. The limiting transformation ratio of diesel fuel relative to gasoline is 0.5. a) Draw a line of the company's monthly production capacity for gasoline and diesel. b) With the advent of new technologies, production increased by 20%, and the availability of gasoline increased by 30%. Explain how the company's new product line differs from the previous one. c) If we put the gasoline production on the X-axis of the graph, what percentage of the slope capacity of the production line is different from the slope ratio of the previous production line?PQ5.1 Case: Supply of Low-Skilled Labor is given by: L³= 10w Labor Demand is given by: LP = 80 - 10w LS = Quantity of Low-Skilled Labor Supplied (Millions of Workers per Year) IP = Quantity of Labor Demanded (Millions of Workers per Year w = Wage Rate (Dollars per Hour) Questions: (a) What will be the Free-Market Wage Rate - if Wage Rate = Price for 1 Labor? (b) What will be the Free-Market Employment Level - if Wage Rate = Price for 1 Labor? (c) How Many People would then be Employed - If the Government sets a minimum wage of $5 per hour?