Search & Filtering
Table – 1 shows the fixed cost and variable cost against level of output produced:
Table - 1
Quantity (Units) Fixed Cost (Rs.) Variable Cost (Rs.)
0 100 0
1 100 5
2 100 7
3 100 10
4 100 13
5 100 18
6 100 26
7 100 35
Find Average Fixed Cost, Average Variable Cost, Total Cost, Average Total Cost, and Marginal Cost for level of output. Draw the diagram for the same.
why does the government collect taxes from businesses and households?
Explain equilibrium in goods markets and labour markets?
Suppose that the real GDP increase by R5,000 billion when government expenditure on the construction of new roads increase by R1,500 billion. What is the value of the marginal propensity to consume?
If a country is doing so well in on sector that the performance of that sector is hiding the under performance of all the other sectors. What market failure is it called?
In 1.5 pages, review the fiscal and monetary policy actions adopted by Fiji to address the negative impacts on Inflation, discuss these policies and explain how these policies would address the negative impacts.
In 1.5 pages, review the fiscal and monetary policy actions adopted by Fiji to address the negative impacts on these three macroeconomic variables, discuss these policies and explain how these policies would address the negative impacts.
In what ways might business be affected by large change in interest rates?
Consider the following IS–LM model:
C = 400 + 0.25YD
I = 300 + 0.25Y − 1500i
G = 600
T = 400
(M/P)d = 2Y − 12 000i
M/P = 3000
a. Derive the IS relation. (Hint: You want an equation with Y on the left side and everything else on the right.)
b. Derive the LM relation. (Hint: It will be convenient for later use to rewrite this equation with i on the left side and everything else on the right.)
Which is not true for the growth for a nation?
A. Growth is a widely held economic goal for a nation
B. Growth raises the standards of living of a nation
C. Growth broadens the burden of scarcity for a nation
D. Growth is prompted by the technological development of a nation
