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Fisheria is a country in which the quantity theory of money operates. The country has a constant population, capital stock, and technology. In 2010, real GDP was $300million, the quantity of money was $60million, and the velocity of circulation of money was $10million. In 2011, the price level rose by 20 percent.
a) what is the price level in 2010?
b) what was the real GDP in 2011
c) what was the velocity of circulation in 2011?
d) what was the quantity of money in 2011?
For ATC and AVC, plot the points on the integer: for example, the ATC of producing one tablecloth is 80, so you should start your ATC curve by placing a green triangle at the point (1, 80). For MC, plot the points between integers.
What is the effect of an increase in β on the equilibrium? Provide an intuition for this result.
Suppose a uniform pricing monopolist's price equation is P(Q) = 50 - 0.5Q; the uniform pricing monopolist's marginal revenue is MR(Q) = 50 - Q; the uniform pricing monopolist's total cost is C(Q) = 0.5Q2 + 10Q + 75; and the uniform pricing monopol..
The revenue and cost functions for producing and selling quantity x for a certain production facility are given below. R(x) = 16x - x2 C(x) = 20 + 4x a) Determine the profit function P(x). b) Use Excel to graph the functions R(x), C(x) and P(x) for t..
Suppose A through F constitute a set of feasible, mutually exclusive investment opportunities. Assume Do Nothing is not an option (i.e. must pick from A through B). Using (1) Present Worth, (2) Annual Worth (EAW), (3) Future Worth, (4) IRR, (5) B/..
Suppose that a risk-free investment will make three future payments of $100 in one year, $100 in two years, and $100in three years. If the Federal Reserve has set the risk-freeinterest rate at 8 percent, what is the proper current price of this in..
A recent college graduate got a job and began a saving account. He authorized the bank to automatically transfer $75 each month from his checking account to the savings account. The bank made the first withdrawal on July 1,2007
Suppose you borrow $100 from a bank at 5 percent interest for one year and the inflation rate that year is 10 percent. Was this loan advantageous to you or to the bank?
suppose it is known that 45 of the population are coalition voters 45 are alp voters and 10 vote for greens.suppose it
How is the value of bond determined? What is the value of a 10year , $1000 par value bond with a 10 percent annual coupon rate
Bad Breath, Inc. Sells its output at $1 per unit into competitive markets. Bad Breath's factory is the only employer of labor in Gilroy, California. It faces a supply from competitive workers of QL = w where QL is the number of workers hired per year
Can you think of a circumstance where it could be true?
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