Assume: PQ = $2.00 PL = $2.00 PK = $4.00 K MPK MP/PK MRP/PK L MPL MP/PL MRP/PL 1 28 7 14 1 15 5 10 2 24 6 12 2 12 4 8 3 20 5 10 3 9 3 6 4 12 4 8 4 6 2 4 5 8 2 4 5 3 1 2 6 4 1 2 6 1 0.5 1 7 2 0.5 1 7 0.5 0.25 0.5 8 1 0.25 0.5 8 0.25 0.13 0.26 9 0.5 0.125 0.25 9 0.125 0.06 0.24 This firm will earn profit =

Assume: PQ = $2.00 PL = $2.00 PK = $4.00 K MPK MP/PK MRP/PK L MPL MP/PL MRP/PL 1 28 7 14 1 15 5 10 2 24 6 12 2 12 4 8 3 20 5 10 3 9 3 6 4 12 4 8 4 6 2 4 5 8 2 4 5 3 1 2 6 4 1 2 6 1 0.5 1 7 2 0.5 1 7 0.5 0.25 0.5 8 1 0.25 0.5 8 0.25 0.13 0.26 9 0.5 0.125 0.25 9 0.125 0.06 0.24 This firm will earn profit =

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter17: Capital And Time

Section: Chapter Questions

Problem 17.2P

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Assume: PQ = $2.00 PL = $2.00 PK = $4.00 K MPK MP/PK MRP/PK L MPL MP/PL MRP/PL 1 28 7 14 1 15 5 10 2 24 6 12 2 12 4 8 3 20 5 10 3 9 3 6 4 12 4 8 4 6 2 4 5 8 2 4 5 3 1 2 6 4 1 2 6 1 0.5 1 7 2 0.5 1 7 0.5 0.25 0.5 8 1 0.25 0.5 8 0.25 0.13…
Harold's MPC is .70. Harold has just received a birthday card with $100 inside. How much will Harold spend buying a gift for himself? $70 $100 $125 $0
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8. "एजेण्डा 21 " क्या है? What is "Agenda 21 "? 9. प्रतिव्यक्ति आय व राहोंय आय को परिभाषित कीजिये Defind Per Capital Income and National Income? \$ 1+1=2 \$ 10. निम्न दाइगर रिजर्व/राट्टीय उद्धान कहाँ स्थित है- (अ) मानस वाघ रिजवं
Suppose that a firm begins at time t=1 with a capital stock of K(1)= 200,000 and, in addition to replacing any depreciated capital, is planning to invest in new capital at the rate I(t)=50,000t*-3/2 for the forseeable future. Find the planned level of capital stock T years from now. Will this firm’s capital stock grow without bound as T -> ∞ ? Explain using a graph.
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Consider the following 2-period model U(C1,C2) = min{3C1,4C2} C1 + S = Y1 – T1 C2 = Y2 – T2 + (1+r)S Where C1 : first period consumption C2 : second period consumption S : first period saving Y1 = 20 : first period income T1 = 5 : first period lump-sum tax Y2 = 50 : second period income T2 = 10 : second period lump-sum tax r = 0.05 : real interest rate Find the optimal saving, S*
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If a lump-sum income tax of $35 billion is levied and the MPS is 0.2, the consumption schedule will shift Multiple Choice downward by $28 billion. upward by $28 billion. downward by $35 billion. downward by $7 billion.
Assume that you are employed by the government of Tanzania in 1964, a new nation recently independent from Britain. The Tanzanian parliament has decided that it will spend 10 million shillings on schools, roads, and healthcare for the year. You estimate that the net taxes for the year are eight million shillings. The difference will be financed by selling 10-year government bonds at 12% interest per year. The interest on outstanding bonds must be added to government expenditure each year. Assume that additional taxes are added to finance this increase in government expenditure so the gap between government spending is always two million. If the school, road, and healthcare budget are unchanged, compute the value of the accumulated debt in 10 years.
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Suppose at period t we denote Gt = government expenditure, Bt = government debt, i = interest rate on existing government debt, Tt = net taxes. In period t+1, government budget constraint can be written as, Group of answer choices 1.Gt + iBt = (Bt+1 - Bt) 2.Gt + iBt = Tt + (Bt+1 - Bt) 3.Gt = (Bt+1 - Bt) 4.Gt = Tt + (Bt+1 - Bt)