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 permanent income is calculated as the average of income over the past five years; that is
a. If you have earned $20,000 per year for the past 10 years, what is your permanent income?
b. Suppose that next year (period t 1) you earn $30,000. What is your new YP ?
c. What is your consumption this year and next year?
d. What is your short-run marginal propensity to consume? Long-run MPC ?
e. Assuming you continue to earn $30,000 starting in period t 1, graph the value of your permanent income in each period, using equation (P1).
John runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth)
suppose in 2010 the cost of a market basket of goods was 2001. in 2012 the cost fo the same amrket basket of goods was
The banking system currently has $50 billion of reserves, none of which are excess. People hold only deposits and no currency, and the reserve requirement is 10 percent. If the Fed raises the reserve requirement to 12.5 percent.
Suppose that the demand function for apartments in a competitive market is initially D(p)=40-2p and there are 10 apartments. However, after observing how profitable it is to rent apartments, owners construct more houses
What is the elasticity of supply for corn?
How has this event affected the prosperity of the firm and the owners of the factors of production employed by the firm? Explain.
Currently at a price of $1.00 each 100 popcicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run a price increase from $1 to $2 is a unit -elastic (Es =1.0)
Assume that the government at Home decided to use the import tariff of $100. Calculate the new world price, the new imported quantity and the tariff revenues collected by the government.
Create your response, in the Assignment submission box below (not in the Comments field), as a journal or diary entry. Researching the musical Hair most likely will be needed
Based on this information, what is the price elasticity of demand for movie tickets at Crown What, if any, other factors could have accounted for some of the decline in attendance leading to an overinflated price elasticity of demand
Suppose that the economy under study has the following characteristics: s = 0.30 n = 0.02 g = 0.10 d = 0.03K = 1600 Y = 800 N = 100 A = 2 Y = F(K, N, A) = AF(K, N) = A(K^(1/2))(N^(1/2))
When we began our engineering economic class on January 11,2011,the us national debt was $14,021,971,958,329.21.Now(March 3,2011),we have the debt is $14,181,000,542,446.10. (a)if it is continually growing this rate,whats our debt at the end of thi..
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