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Q. 1. Assume which the government of Lump land is enjoying a fat budget surplus with fixed government expenditures of G=150 also fixed taxes of T= 200. Assume which consumers of Lump land behave as described in the subsequent consumption function: C=150+.75(Y-T) Assume further which investment expenditure is fixed at 100. Compute the equilibrium level of GDP in Lump land. Solve for equilibrium levels of Y, C also S. Next assume which the Republican Congress in Lump land succeeds in reducing taxes by 20 to a new fixed level of 180. Re Compute the equilibrium levels of Y, C also S after the tax cut also check to ensure which the multiplier worked. Illustrate what arguments are such as to be utilized in support of such a tax cut? Illustrate what arguments might be utilized to oppose such a tax cut?
2. Assume which all tax collections are fixed (instead of dependent on income) also all expenditure also transfer payments programs are also fixed (in the sense which they do not depend on the state of the economy).If this were the case would there be any automatic stabilizers in the government economy? Would there be any distinction between the full-employment deficit also actual budget deficits? Explain.
In the country of Sildavia, a market basket of goods and services cost $ 130 in 2003, $ 140 in 2004, and $160 in 2005. Based on this information and considering 2003 as the base year, inflation from 2003 to 2005.
Explain how did the marketer of which product you purchased direct each of those four elements of the marketing mix to influence your purchase?
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
Small minimum efficient scale in assembly operations indicate high or low entry threat in the PC business
Elucidate how many rounds of golf also games of curling will Seignior Cruz play in a week. Give an economic interpretation for the value of the Lagrangian Multiplier.
The subsequent tables Explain how the trade-offs you face in allocating the time you will spend in studying each subject.
Indicate whether there will be economies of scale, diseconomies of scale, or constant returns to scale if the facilities are built optimally.
Illustrate what is being held constant when a demand curve for a specific product is constructed.
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Laptops have also become easier also cheaper to produce as latest technology has come online.
Which of the following possibilities is consistent with the property of diminishing marginal product.
Illustrate what is the equilibrium to this game.
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