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- Sven runs a daycare for some of the neighborhood children, where he earns $300/day inrevenue. He runs the daycare out of his home, for which the mortgage costs $3,000 per month($100 per day). Each day, Sven spends $50 on food, diapers, and other supplies. He also hassome toys and playground equipment that originally cost $500, but which he wouldn’t getany money for reselling today. Sven looks after all the children himself, so he doesn’t pay anymoney in labor costs. If he weren’t busy with the daycare, he could earn $120 per day as aprivate nanny. What is Sven’s daily economic profit from the daycare? (Select one from below) (a) $300: Economic profit is equal to revenue.(b) $180: That is his revenue minus opportunity cost.(c) $150: That is his revenue minus input cost.(d) $130: That is his revenue minus variable cost.(e) $50: That is his revenue minus accounting cost.(f) $30: That is his revenue minus economic cost.(g) $0: In the long run, all firms must make zero profits.(h) –$200:…Make sure to show your work to get credit. 1. Assume: Yd = $194,000 b = .90 a = $ 8,000A)What is consumption (C) ?B)What are savings (S) ? C)What is APC ?D)What is APS ?1. Give an example of good or commodity that is intagible and explain why it is so? 2. Why does the government borrow money when it still has enough on hand?
- When TR falls, what happens to MR?Que . 2 Do not copy and past this.question . Explain u . I give u thumn a short period of temporary insanity, Jerome Powell, Chairman of the Fed, dons a Santa Claus suit the day after Thanksgiving and stuffs a toy bag full of brand new, never before circulated crisp $100 bills. He rents a helicopter and instructs the pilot to fly as low as possible over the streets of Washington, D.C. Hanging out the side of the helicopter, he slowly dumps the bag containing a total of $100 million to the cheering crowds gathering below. He simply yells “Happy Black Friday shopping to all and to all a rich night!” Holding all else equal, answer the following questions: a. If reserve requirements for depository institutions are set at 5%, what would you expect the maximum possible change in the size of the money supply to be? What factors could prevent that full maximum change from occurring?
- All Stafford loans are O only for full-time students for undergraduate and graduate students O subsidized by the government O for undergraduate students. Each answer should consist of one paragraph that contain analysis (not opinion). 1 Consider a highway with a hot lane and a lane that has no toll. Assuming that the toll must be paid by all cars that use the hot lane, no matter how many people are riding in them. What can you predict about the average occupancy of vehicles in the hot lane compared to vehicles in the other lane during rush hour? 2. Explain how making something illegal (like sex, booze or drugs) impacts the quality, quantity and price of the illegal substance. In addition, are there any unintended consequences of making drugs illegal that can cause harm to people? 3 Anti-fracking “Baptists” include those concerned with any further environmental degradation from extracting non-renewable resources from the earth. Identify the “bootleggers” who would support the Baptists, albeit not so publicly, but still forcefully. Why would these…In your own words, Explain what is BJMP. Write in 200 words.
- Using money creation to pay for government spending Consider Arcadia, a hypothetical country that produces only crab cakes. In 2020, a crab cake is priced at $5.00. Complete the first row of the table with the quantity of crab cakes that can be bought with $700. Hint: In this problem, assume it is not possible to buy a fraction of a crab cake, and always round down to the nearest whole crab cake. For example, if your calculations result in 1.5 crab cakes, the answer should be 1 crab cake. Year Pieces of Crab Cake Crab Cakes Bought with $700 (Dollars) Quantity 2020 5.00 2021 Suppose the government of Arcadia cannot raise sufficient tax revenue to pay its debts. In order to meet its debt obligations, the government prints money. As a result, the money supply rises by 50% by 2021. Assuming monetary neutrality holds, complete the second row of the table with the new price of a crab cake and the new quantity of crab cakes that can be…explain ehat is happening here??I want to solve this plz