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When there is any excess supply of anything above the demand then it will cause surplus.
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- Lenders of funds in financial market gets opportunity to invest in O a. Banks of the government O b. Productive assets without owning them O c. Goods of a business O d. Provision of utilities for the publicThree students have each saved $1,000.each has an investment opportunity in which he or she can invest upto $2,000.Here are the rates of return on the students investment project:a.If borrowing and lendind are prohibited,so each student uses only personal saving to finance his or her own investment project ,how much will each student have a year later when the project pays its return?b.Now suppose their school opens up a market for loanable funds in which students ran borrow and lend among themselves at an interest rate r.What would determine whether a student would choose to be a borrower or lender in this market?c.Among these three students,what would be the quantity of loanable funds supplied and quantity demanded at an interest rate of 7 percent?At 10percent?d.At what interest rate would the loanable funds market among these three students be in equilibrium?At this interest rate,which student(s) would borrow and which student(s) would lend?e.At the equilibrium interest rate,how…Since the end of World War II, manufacturing firms in the United States and in Europe have been moving farther and farther outside of central cities. At the same time, firms in finance, insurance, and other parts of the service sector have been locating near downtown areas in tall buildings. One major reason seems to be that manufacturing firms find it difficult to substitute capital for land, whereas service-sector firms that use office space do not. a. What kinds of buildings represent the substitution of capital for land? b. Why do you think that manufacturing firms might find it difficult to substitute capital for land? c. Why is it relatively easier for a law firm or an insurance company to substitute capital for land?
- Q.1.Canada produces agricultural products using land and manufactured products using capital . When Canada engages in free trade , it starts exporting agricultural products , ( the price of agricultural products increases ). In the short run , which one of the following scenarios takes place ? O.Nominal returns on both land and capital increase. O.Both nominal and real returns on land increase. O.Nominal return on capital increases while real return on capital falls. O.Nominal return on land decreases while real return on land remains the same. Q.2.A simultaneous increase in the quantity of a good sold accompanied with the increase in the price of this good O. is typical for the case of a demand shock. O.negatively affects farmers growing coffee. O.violates the law of demand. O. is typical for the case of a supply shock. Q.3 Consider an open , trading economy with two sectors : agriculture and production of cars . There are two factors used in the production of both industries : labor…Why would a firm be happy to earn zero economic profits? Because zero economic profit means that the firm earns Select one.O. enough in total revenues to pay for all the fixed cost and some but not all of the variable costs.O. enough in total revenues to pay for all the accounting costs but none of the opportunity costs.O. zero accounting profit.O. enough in total revenues to pay for all the accounting costs and all of the opportunity costs.Specify and explain the typical shapes of marginal-benefit and marginal-cost curves. How are these curves used to determine the optimal allocation of resources to a particular product? If current output is such that marginal cost exceeds marginal benefit, should more or fewer resources be allocated to this product? Explain.
- 21) Suppose that a firm employees labor and capital to produce a good. If the price of capital increases, a) capital employed will increase and labor employed will decrease b) capital employed will decrease and labor employed will increase c) capital employed will not change d) labor employed will not change2. A firm learns of an investment opportunity that will increase future revenue, two years from now, by $121 million. The marginal resource cost of the physical capital today is $100 million dollars. Should this firm make this investment at an interest rate of 10%? Why?(a) Complete the following table and draw the corresponding graphs. Capital inputs Labor inputs Total product Average product Marginal product 20 0 0 20 1 15 20 2 34 20 3 51 20 4 65 20 5 74 20 6 80 20 7 80 20 8 75 (b) What is relationship between MP and AP? Explain why MP first rises, then declines and ultimately becomes negative? (c) Whether the above phenomenon is long run or short run and why? (d) Does law of diminishing marginal returns holds in above scenario? Why and why not.
- Consider 5 workers who care about their consumption and continuous job satisfaction J.Their preferences are described by the utility function U(C,J) = 2C + J. There are 5 firms thatare producing the output using the production function Q(J,L) = L√20 − J1. What are the marginal rate of substitution between consumption and job satisfaction andthe marginal rate of transformation between wages and job satisfaction?2. What are the equilibrium levels of wage and job satisfaction?3. What is the slope of the wage-job satisfaction locus?There are 2 commodities X and Y. Total amount of labour required by X and Y = 400 units. Labour is made up of present labour (Pr) and past labour (P). The ratio for X Pr.P= 1:3 an for Y Pr:P-3:1. By utilising all the labour we can produce 100 units of both the commodities. It is also given that to produce 100 units of X we need uniform rate of capital accumulation for 4 years and to produce 100 units of Y we need accumulation for 2 years. The economy is divided into 2 periods. Period 1: where wages - $1 and Profits- 50%. Period 2: where wages -$ 2 and profits -10%. Show how profits and prices behave over the period of time. What is the solution given by Ricardo to remove Gluts from the society? Where will the economic progress halt?1.Explain how a firm uses resources price and value data to determine the appropriate combination of capital and labor resources to use in order to maximize profits. 2.how does this change when the firm want to produce a specific quantity of product with the least cost combination of resources? 3. if a software firm estimates that the MP of labor is 3 apps per month and the price is labor is $1100 per month, while the MP of capital is 5apps per month and its price is $2000, should the firm hire more labor and decrease its capital use or increase its use of capital and use fewer labor resources?
