Macroeconomics Answers

Macroeconomics

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.

Read answer

Answered!

Question #256201

Macroeconomics

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

Read answer

Answered!

Question #256173

Macroeconomics

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

Read answer

Answered!

Question #256170

Macroeconomics

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.

Read answer

Answered!

Question #256140

Macroeconomics

You have just been employed as an economic advisor to the Department of Social Welfare. They inform you that they feel there are injustices in relation to the distribution of the initial endowment, as such despite improvements in economic growth, the inequality in the wealth of households in the society remains high.

What economic advice would you give to the Department of Social Welfare? Try to put your argument clearly and discuss its advantage and disadvantage.

Read answer

Answered!

Question #255918

Macroeconomics

Demonetion has brought many changes in the Indian economy ' Comment this statement?

Read answer

Answered!

Question #255876

Macroeconomics

Inflation rate

Read answer

Answered!

Question #255814

Macroeconomics

an economy has the following variables:

Goods Market:

Y=800

C=250+1/2(Y-T)

I=150-500r

G=100

T=100

a) Graphically draw the goods market. Show graphically what would happen to savings, investment, and the real interest rate if the government decreases expenditure.

b) From the given information what is the equation for the desired level of savings?

c) What is the equilibrium level of savings, level of investment, and the real interest rate?

d) Suppose the government decreases their purchases to 50. What is the new equilibrium level of savings, level of investment, and the real interest rate?

Read answer

Answered!

Question #255731

Macroeconomics

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

Read answer

Answered!

Question #255638

Macroeconomics

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.

Read answer

Answered!

Search & Filtering