Q: A firm can produce according to the following production function: Q = F(K,L) = 20K^0.4L^0.6…
A: MPL or Marginal Product of Labor is the change in the output when an additional unit of labor is…
Q: Where 9. 10 0.5 20 0.05 100 100 0.1 In equilibrium aggregate consumption (C) is equal to: A. 180 В.…
A: Y = C + I + G Putting given values, Y = 10 + 0.5 x [Y + 20 - 0.1Y] + 100 + 0.05Y + 100 + 20 + 0.1Y Y…
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: Which option is the best answer? An example of a consumption function is C - 50+ 0.85Y. When Y is…
A: "A consumption function indicates a relationship between consumption and disposable income. The…
Q: The value of MPS is 0.87 Find the value of MPC
A: Given, MPS= 0.87
Q: The hotter it gets, the more water people drink.” This statement implies that the relationship…
A: This relationship between temperature and water consumption shows direct relationship.
Q: Find MPC if MPS = 0.8
A: Given: Marginal propensity to save (MPS) = 0.8
Q: Define time preferences for consumption
A: The time preference of consumption shows the strength of satisfying the desire in present rather…
Q: What is meant by the tetm "random walk "? Under what conditions will consumption function follow…
A: The Random walk theory of consumption states that the consumption patterns of consumers cannot be…
Q: what is held constant along the consumption function.
A: The only part is constant in the consumption function is autonomous consumption which is…
Q: Calculate the MPC when MPS is given to be as 0.9
A: Marginal propensity to consume (MPC) refers to the proportion of increase in income that a consumer…
Q: Find the value of MPC when multiplier is stated as 0.97
A: MPC or the marginal propensity to consume is the percentage of consumer's income that the consumer…
Q: Price of advertising in newspapers and magazines are Rs.5 and Rs.10 respectively. The total budget…
A: General budget constraint can be Witten as follows. Substitute the respective values in Equation…
Q: . IfQ=K!®L² the MP; is a. constant b. diminishing c. increasing d. not enough information to…
A: The production function would result in the maximum output that can be produced given the technology…
Q: Given the import function, Z = 300 + 2/3Y, which of the following statements is correct? (a) The…
A: Import- The goods and services that are produced in foreign countries and purchased by residents of…
Q: A Lagrangian equation for total profit was solved, giving a Lagrangian multiplier of 94 and an…
A: Profit maximization refers to the production and distribution of goods in such a way that maximizes…
Q: Find the APC when consumption is said to be 192 and the income is 246
A: Basically in the given question Consumption value is = 192 Income is given = 246 APC = ?
Q: 19. At point W in the figure above, а. МСхМСу Рx Ру b. MUx/MUy>Px/Py c. MCx/MCyPx/Py
A: Slope of the Budget line=Px/Py Slope of the IC=MUx/MUy (It is a concave shaped IC)
Q: The saving function of an industrial project (in millions) is given by (Picture Below) . The…
A: The surplus of income over-consumption spending is referred to as savings. The concepts of saving…
Q: Find APC if consumption is $300 and income is $3000
A: The information being given is:- Consumption = $300 Income = $3000 APC = ?
Q: Find the value of consumption when autonomous consumption is 100 ,MPC is 0.6 And Y= 2000
A: Autonomous Consumption is the level of consumption that does not depend on the income level. MPC is…
Q: If the MPC is given as 0.55 find the value of MPS.
A:
Q: Calculate the value of average propensity to save when savings is given to be as $400 and income is…
A: The average propensity to save is given as the savings per unit of income. APS = S / Y
Q: Minimizing costs implies that which of the following conditions are true? (check all that apply)…
A: Answer: Correct options: (1). MPL/w = MPK/r (2) MRTS = w/r Explanation: Cost minimizing condition: a…
Q: calculate the value of MPS when MPC is given to be as 0.37
A: # The relationship between MPS and MPC is given to be as :- MPS + MPC = 1
Q: Construct a consumption function from the data given here and determine the MPC.
A: In the Keynesian economics analysis, the equilibrium output level refers to that output level where…
Q: If the personal disposable income is 400 and the consumption expenditure is 320 find out the average…
A: As per the question, Generally the personal disposal income is = 400 CONSUMPTION EXPENDITURE = 320…
Q: If income is $1000 and consumption expenditure is $1200 then find the average propensity to save.
A: Given data: Income Y=$1000 Consumption C=$1200
Q: Calculate the value of MPS when the value of MPC is given to be as 0.25
A: We know that the sum of marginal propensity to consume and the marginal propensity to save is always…
Q: Find MPC if MPS Is 0.18
A: AN INCOME IS SPLIT INTO TWO PARTS , MPS AND MPC , WHICH DEFINE THE CHANGE IN CONSUMPTION AND SAVING…
Q: Use the Lagrange multiplier method to optimize the objective function xy subject to the constraint…
A: Utility is maximized where slope of indifference curve equals slope of budget constraint. Lagrange…
Q: If disposable income is $800 billion when the average propensity to consume is 0.8, it can be…
A: Disposable income refers to the income available to the consumers after paying the taxes and social…
Q: A firm experienced the demand shown in the following table. Fill in the table by preparing forecasts…
A: Compute 5-year moving average demand forecast using Fy = (Dy-1 + Dy-2 + Dy-3 + Dy-4 + Dy-5) / 5…
Q: Use the Lagrange multiplier method to optimize the objective function 30xy subject to the constraint…
A:
Q: Suppose the Consumption function is given by: C = 60 + 0.5Y, where C and Y represent the usual…
A: Consumption function: C = 60 + 0.5Y Where C is consumption Y is income.
Q: If the personal disposable income is $122 and consumption expenditure is $50 find out the average…
A: Generally in the given question The value of personal disposal income is = $122 The consumption…
Q: If consumption function is C = 500 + 0.8Yd. Then, autonomous consumption is ____________.
A: Answer: Given that: If consumption function is C = 500 + 0.8Yd. Then, autonomous consumption…
Q: Prove that the multiplier is equal to 1/(1-mpc)
A: We know Y = C + I and C = a + bY where Y is income C is consumption I is investment a is…
Q: Scenario 2: An investment tax credit effectively lowers the tax bill of any firm that purchases new…
A: The repeal of the investment tax credit will reduce corporate investment, causing demand for…
Q: Disposable income - 200, 225, 250, 275, 300 Consumption - 205, 225, 245, 265, 285 Refer to the…
A: The difference between the disposable income = 225 - 200 = $25 The difference between the…
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: In an economy the savings function is given to be as:- C = 1000 + 0.75Y Where C is the Consumption…
A: # We know well that the Savings and consumption together make up the income. Thus we can use the…
Q: Use the information in the table below to answer questions about the economy of Watis. a. Complete…
A: Answer: Introduction: MPC (marginal propensity to consume): it refers to the change in consumption…
Q: Given the import function, Z = 300 + 2/3Y, which of the following statements is correct? (a) The…
A: Import refers to the situation that domestic country buying goods and services from the foreign…
Q: If the consumption function is reading as C = 290 + 0.9Y. Therefore the savings function will read…
A: Here, consumption function is given as: C = 290 + 0.9Y
Q: If the consumption is 450 and the investment is 240 find the aggregate demand
A: Aggregate demand (AD)= Consumption +Investment +Government spending +(Export-Import)
Q: 1) Use the Lagrange-multiplier method to find the stationary values of z: a) z=xy, subject to x+2y=2…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Find the average propensity to consume and consumption is given as $1300 and income is given as…
A:
Given that the C = 600 + 0.1Y and Y = 8000 find the level of the consumption
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- Given that the consumption function is: C = 10 + .9Y, at the level of Y = 200, we should expect the level of savings (S) to be Group of answer choices 0. a. none of the other answers are correct. b. .1 c. 10Find the average propensity to consume and consumption is given as $1300 and income is given as $1500...Q4 (i) A business manager determines that t months after production begins on a new product, the number of units produced will be P thousand,where P(t) =6t2 + 5t (t + 1)2. What happens to production in the long run ? (ii) A ruptured pipe in a North Sea oil rig produces a circular oil slick that is y meters thick at a distance x meters from the rupture.Turbulence makes it difficult to directly measure the thickness of the slick at the source (where x = 0),but for x > 0,it is found that y =0.5(x2 + 3x) /x3 + x2 + 4x.Assuming the oil slick is continuously distributed,how thick would you expect it to be at the source?
- If consumption is $30,000 when income is $35,000, and consumption increases to $36,000 when income increases to $43,000, the MPC is Group of answer choices 0.80. 0.65. 0.75. 0.95.Price of advertising in newspapers and magazines are Rs.5 and Rs.10 respectively. The total budget for advertising is Rs.105. For maximizing the sales, find out the best combination of advertisement in newspapers and magazines by using lagrangian multiplier.Disposable income - 200, 225, 250, 275, 300 Consumption - 205, 225, 245, 265, 285 Refer to the above data. The marginal propensity to consume is;
- Kusho Industries produces and sells computer chips. Its (hourly) production function is Q=4K 0.4L 0.6 while its (hourly) cost function is C=20L+80K. Furthermore, Kusho must produce q0=400 computer chips per hour. a. Which levels of L and K satisfy the first-order conditions for the constrained minimisation of Kusho’s cost? Use the Lagrange Multiplier (LM) method. Also, find and interpret the value of the Lagrangemultiplier b. Show that MRTS=w at the constrained cost minimising levels of L and K obtained aboveFind MPC if MPS Is 0.18If the MPC is given as 0.55 find the value of MPS.
- Using this Intertemporal Budget Constraint how can you solve for C2 (consumption in period 2)The demand equation for a product for a product brand of mackerel is given by the equation Qx=50-7Px+0.002I+12Py Where Qx=monthly consumption per family in cartons Px=price per carton of makerel=GHC 2.00 I=median annual family income=GHC20,000 Py=price per carton of competing brand of mackerel=2.5 Required: i.At the stated values of the explanatory variables,calculate the consumption of makerel(cartons). ii.what is the relationship between Good x and Good y? iii.what is the nature of Good x ? iv.Suppose the median annual family income increases to GHC40,000,What will be your new consumptino for Good x? v.Suppose that the price per carton of competing brand increases GHC3.00, What will be your new consumption for Good x?Find the APC when consumption is said to be 192 and the income is 246