Q: Instructions: Modify values in the SETTINGS window of the interactive tool to answer the questions…
A: Introduction: Growth is the rate at which you acquire new customers over a specific period of…
Q: The revenue (in dollars) from the sale of x car seats for infants is given by the following…
A: R(x)= 56x-0.020x2 To find the average change between 1000 and 1050 car seats, we need to find…
Q: What do you understand by the term ‘autocorrelation’?
A: Statistics: It is used for estimating a population parameter, describing a sample, or evaluating a…
Q: What is the second (or second order) condition for finding the maximum point of a function? Second…
A: When making economic analysis, researchers use first order or second order derivative to constrain a…
Q: Microsoft's annual world wide revenue increased approximetly stedally from 28.4 billion in 2002 to…
A: Revenues represent the total income that the firm generates through the sale of their products.…
Q: Briefly explain what are flow variables?
A: In economics, a distinction is often made between quantities that are stocks and quantities that are…
Q: solve and show steps please (3) A mobile phone provider charges $3.75 plus $0.15 per minute for…
A: We are going to solve step by step to let student understand the process of forming linear model…
Q: What is wrong with this graph? a. It gives no information about the units for the variables. b.…
A: Figure illustrates the relationship between the two variables. This figure supposed to shows the…
Q: Draw a circular flow diagram. Determine the parts of the model that correspond to the flow of goods…
A: The circular flow diagram indicates the flow of money as well as the flow of goods and services…
Q: The production function describesA) the relationship between quantity of inputs and quantity of…
A: The process of production is the combining of the raw materials and the skills and knowledge of the…
Q: What is the difference between a shift of the curve and movement ALONG the curve?
A: A demand curve shows the inverse relationship between quantity demanded and price in a given market.…
Q: Find the rate of change of the function f(x) =x + 2 /1 − 8x with respect to x when x = 1. (ii) The…
A: Hi, thank you for the question. As per our Honor code, we are allowed to attempt only first…
Q: explain the various properties of iso-quant curve with the help of their graphs. Indicate the right…
A: An isoquant is a curve that represents the trade-off between the production inputs of Capital(K) and…
Q: QUESTION 1 In the equation, y = Bo + Bzxz + Bzxz + u, ßz is aln). O a. intercept parameter O b.slope…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: How do I graph this? My equilibrium I'm getting P=14 but when I plug that into the equations I'm…
A: Equilibrium price of a commodity is the price at which the quantity demanded of the commodity equals…
Q: State and explain the law of variable proportion with the help of schedule and graph
A: Law of Variable Proportion states that as more and more of the variable factor is combined with the…
Q: Solve the system of equations. Write your final answer as an ordered triple. 4x - 3y + z = -10 2x +…
A: We have 3 varaiables with 3 equations.
Q: Demonstrate the law of diminishing yields on a graph by drawing the relationships on TP, AP and MP…
A: The Marginal Product of an input indicates that the quantity of the variable factor changes in…
Q: Click and drag one of endpoints of the line in the figure to rotate in the appropriate direction
A: As seen in the figure below, a less elasticity demand curve indicates that a rise in price will have…
Q: (a-) Given the function , y = 4x2 + 9 - Eind the derivative dy/dx.
A: y=4x2+9 dydx=d(4x2+9)dx=d(4x2)dx+d(9)dx Since, the derivative of a constant term is equal to 0,…
Q: X(t) is a wide sense stationary stochastic process with autocorrelation function sin(271000T) R(T)…
A: (a). Y(t) has autocorrelation function: Rr(t,T) = E[Y(t) Y(t+T)] =E[X(T-T0)*(t+T-T0)] =R*(T)
Q: one: remain unchanged shift outwards movement upwards along the same curve d. shift inwards e.…
A: Capital intensive implies that the useful cycle that needs a high level of interest in fixed assets…
Q: (H.W): Is this function g:R-R, g(x) = x² injective?
A: A function is injective if the preimages of elements of the range are unique.
Q: (Trebuchet, not to scale) Bill & Sons must sell 84 v Mini Trebuchets to earn at least $10,000 in…
A: The following problem has been answered as follows:
Q: What is the variable that adjusts the effect of the independent variable on the dependent variable…
A: There are 2 variables,dependent and independent variables.
Q: Population of Fish in a Lake A lake is stocked with 100 fish. Let f(1) be the number of fish after i…
A: The maximum population is 1000. One-half of the maximum population of fish is 500. The total…
Q: Yield (wheat) B A Fertilizer 25. What is the curve labeled B (in the figure from q24) and what does…
A: Production possibility curve: It will help to decide what amount of quantity of goods to be produced…
Q: -. TC curve Starts from origin Does not start from orioin
A: To Find: Tc curve.
Q: write a short note about the following variables and support your answers by giving examples for…
A: Total Fixed Cost (TFC) - Total fixed cost is the cost which does not change with the change in…
Q: 37. All the following curves are U- shaped except
A: Answer is given below
Q: i) C = 250 + 0.8 Y I = 150 G = 300 TR = 100 NX = 100 t =0.25 ii) C^ falls to 50, MPS falls to .05,…
A: i. C = 250 + 0.8Y C = 250 + 0.8Y(Y – 0.25Y + 100) C = 250 + 0.6Y + 80 C = 330 + 0.6Y Y = C+G+I+NX Y…
Q: Note: Line segments will automatically connect the points. Remember to plot from left to right.
A: The Market Demand curve shows the quantities demanded by everyone who is interested in purchasing…
Q: Refer to Exhibit 4-5. A change from Point A to Point C represents a(n):
A: If the supply of a good changes because of the change in its price, it is called a change in…
Q: HDI vs GNI formula to create scatterplot
A: HDI also called Human Development Index is a measure of average achievements of various human…
Q: If the combinationr-10% and Y-$200 billion is on the IS curve, we know that the combinationr-10% and…
A: b. the IS Curve shifting to the left
Q: For an economy where: C = 75 + 0.7Y I= 125 a) Solve for Y". Include your calculations. b) Draw the…
A: GivenConsumption (C) = 75 + 0.7YInvestment (I) = 125 Y = AE = C + I + (X -M)
Q: Evaluate the integral. (Use C for the constant of integration.)
A: This problem of integration can be solved through the by parts method of integration.
Q: Look at the graph. Then answer the question that follows. PA D1 D2 P1- Q1 Q2
A: Here, it is given that Destiny and Kismet are two substitutes in the automobile industry and the…
Q: The mathematical slope of the steeper line is _____ the slope of the less-steep line.
A: In mathematics, the slope or gradient of a line is a number that depicts both the course and the…
Q: .what does a movement from point G to F means?
A: A movement from G to F indicates that the producer is producing more of both the commodities at…
Q: Use graphical method to solve the following LPP: Maximise Z = x+ 4y Subject to the constraints: x +…
A:
Q: What is a circular flow model
A: In economics, households refers to one or more persons that live in the same place and share meals.…
Q: what does (D1/P0) represent?
A: This formula represents the following stated in the next step.
Q: 25 20 Food to In the diagram, the slope of the curve is increasing at a constant rate. increasing at…
A: This picture depicts the Production Possibility Curve of two goods food and clothing.
Q: You know several relationships among these variables that will allow you to check your work. For…
A: Average Total Cost (ATC) is the total cost per unit of output. Average Fixed Cost (AFC) is the total…
Q: The slope of IC, from A to F is: Good X 10 -IC1 8 ICZ 10 12 Good Y 00
A: Indifference curve shows different combinations of two goods that gives the consumer same level of…
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
- ADVANCED ANALYSIS Assume that the consumption schedule for a private closed economy is such that consumption is: C = 100 + 0.75Y Assume further that planned investment Ig is independent of the level of real GDP and constant at Ig = 50. Recall also that, in equilibrium, the real output produced (Y) is equal to aggregate expenditures: Y = C + Ig Instructions: Enter your answers as whole numbers.a. Calculate the equilibrium level of income or real GDP for this economy. Equilibrium GDP (Y) = $ . b. What happens to equilibrium GDP if Ig changes to 60? Equilibrium GDP (Y) = $ . What does this outcome reveal about the size of the spending multiplier? Spending multiplier = .2. In macroeconomic theory, total or aggregate spending is denoted by A and total or aggregateproduction of income by Y. Which one of the following statements is incorrect? A When A is greater than Y, there is disequilibrium and Y will tend to increase.B When A is equal to Y, there is equilibrium and Y will remain unchanged.C When A is less than Y, there is disequilibrium and Y will decrease.D When A is greater than Y, there is disequilibrium and A will decrease.Question:Given that the marginal propensity to consume in a fully employed closed economy is 0.75, an increase in government expenditure of $1,000 million will increase the national income by:a. $0b. $750c. $4,000d. $7,500e. $8,000
- 1. In using the expenditure approach to GDP, consumption.... 2.The long -run aggregate supply curve is ? 3. National saving equals private saving plus government saving ,which inturn equals? 4. The mpc and mps measures charges in consumption expenditure and saving that result from changes in ? 5. The sum of the components aggregate expenditure that are not influence by real GDP is called ?Scenario 2Suppose the marginal product of capital is MPK=2-0.001K, the capital stock depreciates at 20% rate, the tax rate on revenues is 20% and price of capital is assumned to be 1. Furthermore, the economy has full-employment level of output of 5000, government purchases are 1000. Desired consumption is given by C^d=3000-2000r+0.1Y, where Y is output and r is expected real interest rate. Initial level of capital is 1000.Refer to Scenario 2. what is the expression for desired gross investment ? A) I^d=950-1250r B)I^d=950+1250r C)I^d=1750-1250r D)I^d=1950-1250r.Scenario 2Suppose the marginal product of capital is MPK=2-0.001K, the capital stock depreciates at 20% rate, the tax rate on revenues is 20% and price of capital is assumned to be 1. Furthermore, the economy has full-employment level of output of 5000, government purchases are 1000. Desired consumption is given by C^d=3000-2000r+0.1Y, where Y is output and r is expected real interest rate. Initial level of capital is 1000. Refer to Scenario 2. What is goods market clearing real interest rate? A)r=13.84 B)r=15% C)r=2% D)r=16%
- Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment spending initially rises by $20 billion for every 1 percentage point fall in the real interest rate. Also assume that the economy’s multiplier is 4. b. In what direction and by how much will it eventually shift?a) What generally happens to the major macroeconomic variables such as GDP, unemployment rate, and inflation rate during an economic recession? b) Define economic expansion using the reference terms of actual GDP and potential GDP. c) Explain how investment spending and interest rate related. What is the reason behind such a relationship? d) Find the correlation coefficient between interest rate and Real Investment. Does this (actual) value support the theoretical relationship between the variables? Explain. (e) Explain the importance of investment spending for the economy. Only typed answerFor an economy the following functions have been given:C = 100 + 0.8YS = -100 + 0.2YI = 120 – 5rMs = 120Md = 0.2Y – 5rCalculate the following:5.1.1. IS equation 5.1.2. LM equation 5.1.3. Equilibrium level of income 5.1.4. Equilibrium level of interest rate. 5.1.5 Calculate National saving. 5.1.6 Calculate money demand 5.1.7 Find consumption
- a. What is the equilibrium rate of real GDP? $ __ billion b. If full-employment real GDP is $800 billion, what problem does this economy have? multiple choice This economy has a recessionary gap. This economy has an inflationary gap. This economy does not have a problem. c. How large is the real GDP gap? $ __ billion5 3. permanent Income Hypothesis a) suppose that beta=.9 and R= 2222 (that is ~22%). For an individual who acts according to the PIH, will their consumption next period be higher than current consumption or lower? b) What is the main crucial difference between the Keynesian Consumption function and the consumption function derived from the PIH (or Lifetime Income Hypothesis)? c) If Present Value of future income stream is 500,000 and a person has a beta of.8, how much will their consumption go up today if only today's income increases by 1000? How much will their consumption increase (approximately) if their income goes up by 1000 in all periods?ax policy is one used not only for economic purposes but also for political purposes. It is the opinion of some economists and politicians that the rich should pay more of their income in taxes, and that the resulting fairness from this rise in taxes will lead to more economic growth and a rise in employment. Using the simple expenditure model (Y and Ep, not IS-LM) answer these two questions: One, would a lump-sum tax increase on many high-income households cause GDP to rise in the short run as predicted by the politicians? Why or why not? And two, are there macroeconomic conditions in the simple model under which such a tax increase would be fully warranted? Draw the graphs and explain the outcomes for both cases.