Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken and the price of each bucket of chicken was $10. In 2005 the price per bucket of chicken was $20 and 25,000 buckets were produced.
Determine the GDP price index for 1984, using 2005 as the base year.
Instructions: Enter your response as an index number rounded to one decimal place.
GDP price index = 50
By what percentage did the price level, as measured by this index, rise between 1984 and 2005? 100 %
What were the amounts of real GDP in 1984 and 2005?
Real GDP in 1984 =____ $
Real GDP in 2005= ______$
Assume that there are a large number of identical firms in a competitive industry, each with the cost function
Assume that, from an initial consumer equilibrium position, the price of good X falls-explain how and why the consumer's relative consumption of two goods will change.
Compute the income elasticity also elucidate how sale of the novels would change during a period of rising incomes.
You expect to receive a payment of $104 one year from one. Your discount rate is 4 percent. What is the present value of the payment to be received? Suppose that the discount rate is 5 percent what is the present value of the payment to be received?
Explain how many units of the variable innpout should be used to maximize profits. What are the maximum profits this firm can earn.
Each of the following headlines describes an event that will have an effect on desired aggregate expenditure
A firm produces output according to the production function Q=K^(1/2)L^(1/2). If it sells its output in a perfectly competitive market at a price of 10, and if K is fixed at 4 units, what is this firm's short-run demand curve for labor
Identify and describe the five sources of growth? Mention and explain four categories (types) of policies designed to promote growth.
1. the information below describes the real gdp per capita for the country of utopia for the period of 1975 to
The company from which Karen is renting decides to try a new pricing strategy whereby the additional cost falls as more tents are rented. The following chart details Karen's total willingness to pay and the total cost of renting tents under the co..
Assume you decide to open a copy store. You rent store space, and you take out a loan at a local bank and use the money to buy 10 copiers.
Calculate the price elasticity of demand on the segment (arc) of the demand curve between the prices of $20 and $40(4) What is the price elasticity of supply calculated at the equilibrium calculated in part (2)? Is the supply of basketball coaching..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd