What do you understand by Economic Planning? Explain Planning by Combination of Direction and Induceme

Q: How much units of labour will he hire if he wants to miminize his total costs? 1587,4 839,95 3000…

A: The labour that would minimise the cost in order to produce the given amount of output is actually…

Q: Monetary policy is very effective under a fixed exchange rate policy. 1. Answer: 2. A revaluation…

A: Disclaimer- “Since you have asked multiple question, we will solve the first question for you as per…

Q: a. Bing Ltd a UK based company is due to pay 80 million Lira to Google Ltd. The spot rate is Lira…

A: Solution of both a and b are as follow:

Q: prove that dMRTS/dL 0 where MRTS =MPL/MPK MPL= marginal product of labor MPK - marginal product…

A: In the theory of production, the marginal rate of technical substitution (MRTS) is the rate at which…

Q: Increase in the demand for yellow corn Increase in the demand for vapor heat treatment services for…

A: The demand for goods and services can be influenced by a variety of factors such as changes in…

Q: Cost functions for university education Economists Rajindar and Manjulika Koshal studied the cost…

A: Total cost(TC) is the cost of producing a product. It is cost of one unit product multiplied by…

Q: An increase in price from $1.00 to $1.50 leads to an increase in coffee supplied from 10 cups to 12…

A: Elasticity is the percentage change in quantity due to percentage change in price.  The supply is…

Q: Identify the immediate effect of each of the following events on the U.S. GDP. List the affected…

A: GDP is the gross domestic product.  GDP is defined as the total production of goods and services in…

Q: Refer to the following statements for items 6-9. 1. The TRAIN Law which includes a cut in personal…

A: Fiscal policy is the utilization of taxation and expenditure by the government to affect the level…

Q: A man agrees to make equal payments at the beginning of each 3 months for 10 years to discharge a…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: if the European Central Bank wants to increase interest rate by 10 percentage points, at what level…

A: The entire amount of money that is at any given time available in an economy is known as the money…

Q: (c) Find the marginal products of capital and food.

A: as it is mentioned to do the 3(C) part Given in question - the production function for parrot…

Q: Which of the following is an expression representing the IS curve O a. 0.65Y = 2325 - 50i O b. 0.65Y…

A: IS equation is calculated by solving product market equilibrium conditions. At equilibrium, the…

Q: The sticky-price model shows that the AS curve in the short run is upward sloping. However, it is…

A: The entire amount of products and services that businesses in an economy are willing and able to…

Q: Assume a perfectly competitive market. Draw the average total cost, average variable cost, marginal…

A: 1 ) Perfectly competitive market refers to that market scenario in which there are many seller and…

Q: Consider a firm with a contract to sell an asset 3 years from now for $90,000. The asset costs…

A: A break-even point implies a point that equates the costs and revenues of a business. It implies…

Q: Contractionary monetary policies result to a. higher; higher O b. lower; lower O c. higher; lower O…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Discuss the difference between General Training and Specific Training. Give Examples.

A: Human capital plays an important role in the economic growth of a nation. It denotes those…

Q: Ricardian equivalence is concerned with the irrelevance of the: O a. timing of taxation. O b. amount…

A: In an economy, people earns and spends in two periods that are current period and future period and…

Q: Problem 1: After economics class one day, your friend suggests that taxing food would be a good way…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Can you help me for question (d), please? In Krugman’s speculative attack model: (a) What is…

A: Paul Krugman's speculative attack model is a theoretical framework for understanding how sudden…

Q: a. Borrow €50,000,000 in Paris at 7% per annum b. Borrow Saudi Riyals SAR 225,000,000 in Saudi…

A:

Q: Which of the following can shift the short-run Phillips curve upward? (i) Increase in expected…

A: Phillips curve shows the relationship between the unemployment rate and the inflation rate.  The…

Q: True or false. Explain.    1. For a given level of P (price), is M (nominal money) increases by…

A: When the price level is given means constant , and the nominal Money  changes then there is M/ P…

Q: d. Graph the marginal cost and marginal revenue. e. Do you think that Roberto's selling of pomelo…

A: The production theory determines the various revenues generated from total and each point of…

Q: Suppose there are two types of workers, k = G, B, differentiated by their productivity levels. Type…

A: "Perfect information" refers to a situation in which all parties involved in a decision have…

Q: The elasticity of demand for energy- ‘Electricity, and Gas’- is relatively price inelastic in the UK…

A: The degree to which the quantity desired of a commodity or service changes in response to a change…

Q: state three reasons why voters should care about high inflation and evaluate the merit of the…

A: A scenario where prices incline to rise is referred to as inflation. According to economists, an…

Q: a) calculate the national income equilibrium. b) based on your answer in (a), draw the aggregate…

A: a) Consumption function :- autonomous consumption + MPC ( disposable income)  consumption function =…

Q: 4. Consider the following Keynesian national-income model, Y = C+ Io + Go C= a + b(Y-To) where a and…

A: Endogenous and Exogenous Variables: In an economic model, there are 2 kinds of variables. Variables…

Q: Define Poverty. What Strategy has been adopted by the Present Government to Reduce Poverty in…

A: The term "poverty" describes a way of life in which people make relatively little money. Their…

Q: The following image shows the price of Quick Copy at a copy place near the campus. It operates in a…

A: Perfect competition arises when there are several firms offering a homogenous good to large number…

Q: why is Md=885 instead of 440? I calculated it and 0.9-2*0.25=0.4 and 1100*0.4=440   Can you…

A: Given information: The price of a zero-bond that pays 200 euros at maturity is 160 euros today.…

Q: Kumar is married, with three children, aged 13, 11, and 9. He has been advised to purchase life…

A: Kumar $3300×12× 19 = $752400   $900 ×12 × 12= $129600   $900× 12×14 = $151200   $900 ×12 ×16=…

Q: Law which includes a cut in personal income tax aims to put more money into the hands of consumers.…

A: In a purely economic sense, the term "inflation" refers to a general rise in price levels brought on…

Q: The table below shows the demand schedule for a good. Complete the following table, using the…

A: Total expenditure is price times quantity demanded.  i.e., Total expenditure = Price * Demand…

Q: Compute and interpret the own price elasticity of supply of cabbage Is the supply of cabbage price…

A: a) Own price elasticity of cabbage :-  (dQs/dPC)x Pc/Qs Qs = 1000 dQs/dPc = 120  Own price…

Q: Consider an economy with two types of workers - less productive and more productive. Explain why…

A: Productivity-It refers to how much output can be produced with a given set of inputs. It increases…

Q: (a) Is demand elastic, inelastic or unit elastic? Explain.

A: The elasticity of demand represents the responsiveness of quantity demanded with respect to changes…

Q: 1. Assuming that Jin buys only lattes and muffins. a. In year 1, Jin earns $120, lattes costs $2.50…

A: Equation of budget constraint equates the Total expenditure to the Total Income  Now the Total…

Q: What is the value added on every stage of production? b) What is the GDP using the „value-added“…

A: In this problem, we would understand the concept and calculator the value added at each stage and…

Q: Q2: In a world with two countries where country ALPHA is poor and BETA is rich with more highly…

A: Demand of labor is governed by the marginal revenue product (MRPL). It slopes downward as the firms…

Q: QUESTION 4 Denmark has chosen a fixed exchange rate for the Danish krone against the euro. At some…

A: As can be interpreted from the question the supply of the danish krone is in excess to the demand of…

Q: 1. An article in the Economist magazine notes the following about peer-to- peer lending sites:…

A: A)  Intermediary which enables an economy to trade goods and services for money or other financial…

Q: b) The government decides to impose a price floor $4.10. It does so by promising farmers that it…

A: The price floor is price legislation that sets a limit to price how low it can be for a given…

Q: 14) The demand equation for a monopolist's product is p = 200 -0.98q, where p is the price per unit…

A: Under a monopoly market, the profit-maximizing level of production could be measured by equating the…

Q: Kyle wants to save P200,000 for his retirement fund. However, he can only afford to save P125 a…

A: Future value provides an investment value on a specific date in the future in consideration of the…

Q: How does the appreciation of a currency affect the balance of payments? O a. Appreciation of a…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: 1. An outbreak of animal disease in the village has killed many cows, creating a serious crisis for…

A: When supply and demand for a commodity are equal, the market reaches equilibrium. Economists refer…

Q: Use figure exam2-002 below, the total tax revenue collected by the government and the deadweight…

A: In the above question , there is demand curve and supply curve cutting each other. Demand curve and…