Consider the following IS-LM model set up C = 300 + 0.8(Y − 2500) I = 3500 − 400(r) G = 3000 T = 2500 (M/P)s = 2600 Md = 2000 −1000(r) + 0.2(Y) (a) Using the IS equation, if r is 3 how much is Y? (b) Using the LM equation, if Y is 19000 how much is r? (c) Find equilibrium r and Y, and plot IS-LM equilibrium

Q: The first costs of an equipment is P 65,000 and a salvage value of P 3,000 at the end of its 6 – yea...

A: Let us calculate the annual depreciation or depreciation per year under the Straight Line Method: De...

Q: In which of the following situations could the competitive market not be Pareto efficient? Select Tr...

A: Answer - "Thank you for submitting the question.But, we are authorized to solve only 3 sub parts.For...

Q: 15.) Consider the market for microphones. What will happen to the equilibrium price and quantity in ...

A: Given : Due to pandemic , use of microphones is pushed for taking digital meetings rather than havin...

Q: YOur answers are S ng Time: 51 minutes, 21 seconds. an Completion Status: 6. 7 9. 10 Moving to anoth...

A: Elasticity of demand measures the responsiveness of quantity demanded with respect to change in pric...

Q: 20. Which of the following statements is true regarding international unemployment? A. Higher unempl...

A: Unemployment is a global issue and it represents a negative state of the economy that indicates the ...

Q: 13) Consider a technology exhibiting diminishing MRTS. If capital is fixed, but a firm varies labor ...

A: Answer: Diminishing MRTS: Marginal rate of technical substitution refers to the change in capital in...

Q: The table below shows labour force information for a hypothetical economy, Selkirk. Answer the follo...

A: Q1. Solution(a) Blank 1- 2.90 million Blank 2- 4.40 million. Blank 3- 65.90% Blank 4- 5.17% Blank 5-...

Q: Question 38 According to expected utility theory, which of the following scenarios is the most desir...

A: Expected Value refers to the value of average of all outcomes in an experiment with the given probab...

Q: How many years will it take to triple your investment of $5,000 if it has an interest rate of 10% co...

A: Information given to us is:- Investment = $5000 Interest rate = 10% compounded annually We have to c...

Q: If the natural rate of unemployment is 4.5 percent, the current unemployment rate is 7.6 percent, an...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: The first cost of a certain piece of equipment is $50000. It will have an annual operating cost of $...

A: Given:- Equipment Initial cost=$50,000 Annual operating cost=$20,000 Salvage value=$5000 Equipment l...

Q: Consider the following closed economy SI model set up Y = 18000 C = 300 + 0.8(Y − 2500) I = 3500 − 4...

A:

Q: 7. A firm earns economic profit when total profit exceeds

A: To find : When firm earn economic profits 

Q: Three problems that make the consumer price index an imperfect measure of the cost of living are

A: Introduction: The consumer price index is not a perfect measure of the cost of living. 

Q: Maintenance costs for pollution control equipment on a pulverized coal cyclone furnace are expected ...

A: Here we need to calculate the present value of a future amount.   So, the formula is.    PV = FV * [...

Q: Select the correct statements. Note: Multiple correct, multiple selections. Topics covered: Stackelb...

A: The Stackelberg leadership model is an economics strategic game in which the leader firm moves first...

Q: Rich's Opportunities. Rich has no nonlabor income, and suppose the price of consumption is $1 per un...

A: A change in the wage or salary will result in a shift in the amount of labour demanded. If the wage ...

Q: Suppose the long run potential output is given by the production function Yp = A*F(N,K) where A is t...

A: Production Function: Yp = A*F(N,K) there is no effect of interest rate in the long-run production fu...

Q: List five typical attributes that an entrepreneur should have.

A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to Achi...

Q: Consider Everglades National Park and assume that entry is free to all visitors. Let the value of a...

A: The equilibrium number of trip will occur where the marginal benefit of a trip is equal to the margi...

Q: Match the unemployment example to the correct unemployment type High School graduate looking for a j...

A: Frictional unemployment is natural unemployment when the worker either leaves as a job for a better ...

Q: A monopoly’s market demand is given by P = 34-4Q. The total cost of the firm is given by TC = 100+4Q...

A: In monopoly the eqm is found by the intersection of MC(marginal cost) and MR(marginal revenue). TR(t...

Q: A small metal plating company wants to become involved in electronic commerce. A modest e-commerce p...

A:

Q: You are given the following information about an economy: $ Millions  GDP at Market Prices -1,,669....

A: The gross national product (GNP) of a country is a valuable indicator of its economic activity. Gros...

Q: 40 36 Demand 32 28 24 20 16 12 4. 2 3 4 5 6 10 QUANTITY (Thousands of large boxes) In the following ...

A: Output (Q) Price (P) Total Revenue (P*Q) Marginal Revenue (TRn - TRn-1) Average Revenue (TR/Q) 0 2...

Q: Contractionary fiscal policies do not necessarily decrease a country's debt-to-GDP ratio because O a...

A: When talking about debt-to-GDP ratio, it is the economic measurement of total borrowings of the gove...

Q: O A. The consumption function shifts from A to B and the saving function shifts from C to D. O B. Th...

A: The consumption function is the relationship between disposable income and consumption. Whereas savi...

Q: 3. Derive tne equations of IS curve, LM Curve, and find equilibrium income and int Trom this IS-LM m...

A: Y=C+I+G C=c0+c1(Y-T) -c2r I=Io+a0Y -ar T=t0+t1Y G=G0 MQ=mY+m0-hr MQ=Mr=M

Q: A.) a.1 Plot or graph the data. Interpret the results. Price (S per gallon) 1.00 1.20 1.40 1.60 1.80...

A:

Q: You are the President and the nation is slipping into recession.  Using the Keynesian AD/AS theories...

A: In Keynesian school of thought, government intervention is needed to fix the problems or disequilibr...

Q: Use the figure to select all the correct statements. B Q1 Q2 Q3 Q4 Q5 Q6 DA. The distance between Cu...

A: Answer -

Q: 3. Consider a home energy storage (battery) system that can store up to 2 units of energy. At every ...

A: a)

Q: Describe in detail about Equilibrium, budget line, new equilibrium as well as how consumers are affe...

A: Consumers, producers, households, and other economic variables are the focus of microeconomics. It c...

Q: Which of the following statements are correct? Select one or more: O a. Government spending on goods...

A: GDP The Gross Domestic Product (GDP) basically refers to the sum of all the value added in a given e...

Q: Private Good. In the table below are five individual demand schedules for ECONOBREAD, which is produ...

A:

Q: Ben produces chemical compounds that sell for $500 in the market. This production process generates ...

A: The given information is:- Price of chemical compounds in market = $500 Price for professional waste...

Q: Your grandfather asked his financial counselor in looking for options in case nursing homecare is ne...

A: Introduction Here is one possibility is that if the grandfather takes 6 year plan then he has saved ...

Q: sumes bread and automobiles. In the following table are data for two different years. 2000 2010 Good...

A: a.    Year 2000 2010 Nominal GDP 100*50000+500000*10=$10000000 120*60000+400000*20=$15200000 ...

Q: At point C, how many units of Good Y are bought? Round to 1 decimal place.

A: The budget line, also known as the budget constraint, depicts all of the conceivable combinations of...

Q: Consider two firms with the following marginal abatement costs (MAC) as a function of emissions: MAC...

A: Answer -

Q: The market for drones is perfectly competitive. Labor is the only variable input. The fixed cost is ...

A: Quantity of Labor (L) Quantity of Output Wage Rate (WR) Total Cost (L*WR) Marginal Cost (TCn -TCn-1)...

Q: Firm A would hire 20,000 workers if the wage rate is $12 but will hire 10,000 workers if the wage ra...

A: A firm would be able to organise in a situation where the demand curve for workers is inelastic, Bec...

Q: By the conditions of a will, the sum of P 250,000.00 is left to a girl to be held in trust by her gu...

A: PV(present value) is 2,50,000 FV(future value) is 5,00,000 R= 0.07/12 = 0.0058 (Adjusted)  

Q: 66. Which of the following input factor takes risk, innovates and coordinates А. О Сapital B. O Labo...

A: Option D Entrepreneur takes risk in business by allocating his capital and time, does innovation and...

Q: Average inflation went up by 65.5% since the turn of the century while college tuition and fees soar...

A: Inflation Inflation is basicallly refers to the rate at which the value of a currency declines, resu...

Q: Consider the following 2 period model, defining outcomes for people who choose to go or not go to sc...

A: Since you have posted multiple questions, we will answer the first three parts for you. If you want ...

Q: The market for drones is perfectly competitive. Assume for simplicity that fractions of everything, ...

A: TC=712+q2Now,AC=TCqAC=712q+q

Q: Suppose that the demand for lamps is elastic. An increase in the price of lamps would cause. O a. Ex...

A: Elasticity of demand is the ratio of %change in Qd(quantity demanded) and %change in P(price) of the...

Q: Suppose that the production function for DVDS is given by Q = KL2 - L3, where Qis the number of disk...

A: As per the question, Q=KL2-L3. When K=600, this production function can be written as Q=600L2-L3. Wh...

Q: 18.)Which of the following price elasticities of demand would be considered inelastic? а.) 3 b.) 2 с...

A: There is information that in communist kind of government, there is supposed to be complete control ...

Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.