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Assume that the officials in Ecoland have compiled the followinginformation about their economy for last year:
Y = 10,000C = 6,000T = 1,500G = 1,700
The government uses the following equation for the investmentfunction:
I = 3,300 - 100r
Where r = equal to Ecoland's real interest rate.
Calculate, then explain, the following:
Private savingPublic savingNational savingInvestmentThe equilibrium real interest rate
Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. a.) Draw Maria's production possibilities frontier for reading economics and sociology.
a company is considering buying workstation computers to support its engineering staff. in todays dollars, it is estimated that the maintenance cost for the computers (paid at the end of each year) will be $25000, $30000, $32000, $35000, and $4000..
Suppose a monopolist faces the following demand curve P = 596 - 6Q. Marginal cost of production is constant and equal to $20, and there are no fixed costs. a) What is the monopolist's profit maximizing level of output
A random sample of 25 employees of a local company has been measured. A 95% confidence interval estimate for the mean systolic blood pressure for all company employees is 123 to 139. Which statements is valid.
Suppose that when the price of beef is $10/kg, the daily quanity of beef sold in Tesco, a British Grocery store, is 10,000 kg. Suppose further that if the price of beef rises to $12/ kg, the amount of beef falls to 8000 kg.
In Bayonne, NJ there is a large beauty salon and a number of smaller ones.The total demand function for hair styling per day is Q=180 - 10P, where P is in dollars The marginal cost function of all the small salons together is SMCf = 4+ 0.1Q
As part of a marketing study, the food king supermarket chain has randomly sampled 150 customers. the average dollar volume purchased by the customers in this sample was $31.14, that is , the sample mean from a sample of size 150 was $31.14.
The Exxon dividend was not an annualized amount, it gradually increased every year. Assuming the annualized portion was $2.30 per year and the value today of the dividend after 20 years is $102 assuming a compounded annual interest rate
A company has an annual requirement for 150,000 parts, which cost $125 each. The parts require processing having a $4,000 setup cost. Each part occupies 0.5 sqft of floor space in the factory. Floor space has a total cost of $12.50 per square foot..
X and Y are two random variables. The average value of X is 40,000 and X has a standard deviation of 12,000. The average value of Y is 45,000 and the standard deviation of Y is 18,000. The correlation between X and Y is 0.80.
You borrowed $12,000 to buy a new car from a bank at an interest rate of 9% compounded monthly. This loan will be repaid in 48 equal monthly installments over four years. Immediately after the 20 th payment, you desire to pay the remainder of the ..
A probability density function shows the probability for each value of X.The variance of X must be non-negative; the variance of Y must be non-negative; hence the covariance of X and Y must be non-negative _If X is a uniformly distributed random v..
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