Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Graph the consumption and savings functions:
C = 100 + 0.6Y and S = -100 + 0.4Y
a) What is the equilibrium level of national income?
b) If autonomous investments of 150 occurred, graph the new C + I function of AD = 250 + 0.6Y.
c) What is the new equilibrium level of national income?
d) What is the value of the investment multiplier?
2. Suppose that in an economy a $40m increase in consumption leads a $200m increase in national income. Calculate the value of this economy's marginal propensity of save. (Show working).
Explain why fitting a line of best fit through observed price and quantity combinations over time is not likely to yield good estimates.
Lawn mowing services are supplied by host of individuals in suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Angelica pickles manager a Quick copy franchise White Plains, New York. Pickles projects reducing copy 5¢ to 4¢ each, Quick Copy's $600-per-week profit contribution will increase by one-third.
Movie theaters often offer decreased rates for children under ten. This suggests that tht demand for adult admission is
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
A firm has estimated the following demand function for its product:
Give a specific example for each ( US Companies ). Which one is better market from the stand point of producers? Which one is better market on the stand point of consumers?
Discuss and explain one factor of how government involvement in marketplace can impact or not impact the economy. Give a real life example of this factor at work.
n a competitive market place (pure competition) is it possible to continually sell your product at a price above the average cost of production.
Estimate the demand function
The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.
Determine how a policy will change social welfare, changes in individual utility for high-income individuals are weighted more heavily.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd