Macroeconomics Answers

If average cost=Q+5+36/Q, find out the level of output for which average cost is minimum? Show,also, the slope of average cost.

The total cost curve of a firm is given by TC=Q³-12Q²+50Q+100. A. Determine total fixed cost function, total variable cost function, average total cost function, average variable cost function and marginal cost function B.calculate total cost,average total cost,average variable cost and marginal cost when the firm produces 20 units of output. C.calculate the level of output at which marginal cost is minimum

Suppose the total cost function of a firm is given by TC=Q³-21Q²+360Q+3025 then, a.determine the total fixed cost for producing 800 and 400 units of output,respectively b.what is average fixed cost for 800 and 400 units of output

Suppose a consumer consuming two commodities x and y has the following utility function u=x⁰⁴y⁰⁶. If price of good x and good y are birr 4 and birr 6 respectively, and income constraint is birr 100.a.find marginal rate of substitution of x for y and y for x. B.find the quantities of x and y which maximize utility. C.show how a rise in income to birr 200 will affect the quantities of x and y at equilibrium.

Which of the following statements is correct using the AD-AS model (a) the economy is always in equilibrium at full employment (b) the use of fiscal policy to achieve full employment will bring about a rise in price level (c) Monetary policy can be freely used to achieve full employment without risking a rise in the price level (d) Fiscal policy can be freely used to achieve full employment without risking a rise in the price level

Suppose a consumer has an income of birr 800 per month and he wants to spend all of his income on two goods apple and orange whose prices are 8 and 10 birr respectively . Based on this information answer the following questions. A.express the budget line of the consumer both algebrically and diagramatically. B.compute the equation of the budget line C.determine the slope of the budget line and interpret the result D.what will happen to the origional budget line? 1.if money income doublees. 2.if the price levels increases by 50 percent. 3.if price of orange doubles.

When UK borrows from overseas, it is initially recorded in the Balance of Payments as a A. positive under Net Current Transfers in the current account. B. negative under Net Current Transfers as it is money owed. C. positive under Income in the current account. D. it is not recorded in the current account.