### What is the value of the multiplier

Assignment Help Microeconomics
##### Reference no: EM131523511

Question 1. In a basic Keynesian macroeconomic model it is assumed that Y = C + I where

I = 820 and C = 60 + 0.8Y.

What is the marginal propensity to consume?

What is the equilibrium level of Y?

What is the value of the multiplier?

What increase in I is required to increase Y to 5,000?

If this increase takes place will savings (Y - C) still equal I

Question 2. A firm faces the demand function p = 190 - 0.6q and the total cost function

TC = 40 + 30q + 0.4q2

What output will maximize profit?

What output will maximize total revenue?

What will the output be if the firm makes a profit of £4,760?

Question 3. A firm faces the demand schedule q = 40 - p0.5 (where p0.5≥ 0, q ≤ 40) and the cost schedule

TC = q3- 2.5q2+ 50q + 16. What price should it charge to maximize profit

If TC = 0.5q3- 3q2+ 25q + 20 derive functions for:

a. MC

b. AC,

c. the slope of AC.

Question 5. Find whether any stationary points exist for the following functions for positive values of q, and say whether or not the stationary points are at the minimum values of the function.

AC = 345.6q-1+0.8q2 4

AC = 600q-1+0.5q1.5 4

MC = 30+0.4q2 4

TC = 15+27q -9q2+q3 4

MC = 8.25q 2

Question 6. Constrained optimization problem.

A consumer achieves a certain level of satisfaction from consumption of different quantities of apples and bananas according to the following indifference curve:

.B=5+2W-?W/2?^2

Where a = quantities of apples consumed per day; and

b = quantities of bananas consumed per day

if the price of apples is 5 cents and the price of banana is 4.5 cents each, at what combination of apples and bananas will this consumer achieve his given level of satisfaction at least cost?

Question 7. Unconstrained optimization problem.

An entrepreneur producing shoes uses a single variable input, leather, which he can purchase for \$9 per unit. Each pair of shoes sells for \$6.

There is perfect competition in both product and factor markets. The production function for the process is

.y=30x^0.5

y = output of shoes in pair; and

x = input of leather in units

Derive a function showing this entrepreneur's net revenue function as a function of leather input.

### Previous Q& A

#### Describe the natural disaster that might occur in community

Describe the natural disaster that might occur in this community. Describe any subsequent incidents that might be spawned or cascade from the initial incident.

#### Kind of risk management procedures

What kind of risk management procedures would you set in place for an event?

#### Analyze and explain the leadership theories

Analyze and explain the leadership theories most applicable to the modern corrections environment

#### Discuss the role that diversity plays into people

Discuss the role that diversity plays into people's response to change?

#### What types of adult learning methods might be used

What type of training and or development practices might be most useful to ensure the organizational culture is a large component of that indoctrination?

#### The legal systems of most developed countries

The legal systems (including commercial law) of most developed countries are derived from one of the following:

#### In addition to the general joint commission certification

In addition to the general Joint Commission Certification, they now provide the option of Disease Specific Certifications.

#### Is the united states facing a constitutional crisis

Is the United States facing a constitutional crisis? Explore alternatives that would encourage more responsive government.

#### Summary on the center for evidence based crime policy

How would this knowledge change crime control policy? What changes would the police have to make in regard to arrest and citation policy?

#### What is internal rate of return of initial cost of project

What is internal rate of return of the initial cost of the project is \$184,600?

### Similar Q& A

#### Populations tend to grow over time

Populations tend to grow over time, meaning there are more workers. In order to maintain a constant level of worker productivity, the total amount of capital available to them must:

#### Consumption measured from the upper right- hand corner

Draw an Edgeworth box with B's consumption measured from the upper right- hand corner of the box. On this diagram, mark the initial endowment, and label it e. Use red ink to draw A's indifference curve that passes through her initial endowment...

#### Who do my participants represent and who is the population

SOCI332- Who are the participants? Who is funding the research? When was my data collected? How was my data collected? Who do my participants represent? Who is the population?

#### Exercisegodzilla and macrosoft produce software and

exercisegodzilla and macrosoft produce software and operating systems respectively both at marginal cost 10. each firm

#### Which goods most satisfies the conditions for a public good

Which of the following goods most satisfies conditions for a public good? A polluting firm can be compelled to ____a negative externality if the government ___.

#### Complete the table

Complete the table.

#### How do subsidies hurt or help consumers

What is Creative Destruction and what role does it play in our society? How do subsidies hurt/help businesses? How do subsidies hurt/help consumers?

#### Calculate the value of the government purchases multiplier

Assuming a fixed amount of taxes and a closed economy, calculate the value of the government purchases multiplier, the tax multiplier, and the balanced budget multiplier if the marginal propensity to consume equals 0.6.

Choose any 2-of the 4-basic strategies used to preserve security and identify and explain what assumptions are created about the opponent based each of the two strategies that you select.

#### What does it mean to teach to standards

What does it mean to teach to standards? Do all disciplines have to teach to standards? What professional associations will influence your curriculum as you develop your program of study?

#### Find mixed-strategy nash equilibrium

Suppose that your parents are deciding where to hide your (insert non-offensive, not religiously affiliated holiday here) presents while you’re trying to decide where to look for them. The payoff to your parents from successfully hiding your presents..

#### What circumstances would the production

Under what circumstances would the production possibility curve be bowed in towards the origin