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Analyze the implications of the new Keynesian approach for rational expression expectations
15. Suppose that in USA, nine percent of undergraduate students carry credit card balances greater than $7000. Suppose 10 undergraduate students are selected randomly to be interviewed about credit card usage. a. Is the selection of 10 students a binomial experiment? Explain. b. What is the probability that two of the students will have a credit card balance greater than $7000? c. What is the probability that none will have a credit card balance greater than $7000? d. What is the probability that at least three will have a credit card balance greater than $7000?
4. Suppose that in Dhaka, twenty-three percent of automobiles are not covered by insurance. On a particular weekend, 35 automobiles are involved in traffic accidents. a. What is the expected number of these automobiles that are not covered by insurance? b. What are the variance and standard deviation?
1. Suppose that in Dhaka, 30% of workers take public transportation daily (USA Today, December 21, 2005). a. In a sample of 10 workers, what is the probability that exactly three workers take public transportation daily? b. In a sample of 10 workers, what is the probability that at least three workers take public transportation daily?
2. Suppose that in Bangladesh, fifty percent people believe that the cricket team of Bangladesh can defeat any cricket team around the world. For a sample of 20 people, make the following calculations. a. Compute the probability that exactly 12 people believed that the cricket team of Bangladesh can defeat any cricket team around the world. b. Compute the probability that no more than five people believed that the cricket team of Bangladesh can defeat any cricket team around the world. c. How many people would you expect to say that the cricket team of Bangladesh can defeat any cricket team around the world? d. Compute the variance and standard deviation of the number of people who believed that the cricket team of Bangladesh can defeat any cricket team around the world.
1. From the give table calculate Elasticity of Price, Total Revenue and Marginal Revenue. Also, explain the relationship between AR and MR? And give conclusion too.
Price Quantity TR MR
6 0
5 100
4 200
3 300
2 400
1 500
0 600
Analyze the implications of the New Keynesian Approach for rational Expectations. State your assumptions very well.
Derive the IS LM curves and explain how the general macroeconomic equilibirum can be reached
(a). Plot the growth rates of Malaysia’s GDP (constant 2010 US$) and the growth rate of Malaysia’s general government final consumption expenditure (government purchases) from 1960 to 2019 (constant 2010 US$). Calculate these growth rates from annual data. (i). Explain in your own words if there appears to be any relationship between the growth rates in GDP and in government purchases. (ii). Explain in your own words what your answer to part (i) tells you about the role in business cycles of fluctuations in government purchases. Answer this question using the World Bank World Development Indicators database, accessible at https://databank.worldbank.org/source/world-development-indicators#. Note: Report a table containing both growth rates for each year from 1961 onwards. Words and numbers in the reported table are excluded from the word count.
Define elasticity of supply and find the price from the given statement:
If Es of a good is 2 and a firm supplies 200 units at price of Rs 8 per unit, then at what price will the firm supply 250 units. What is the conclusion?
Maruti Udyog Ltd (MUL) enjoys monopoly in spare parts. Along with dealers, MUL is exploiting Maruti vehicle users.
Often the vehicle user has to change the clutch plate twice in six months and has to pay Rs.3,567/-. MUL chargers the price of clutch at imported cost while clutch plate is actually made by clutch auto private Ltd at Faridabad.
The replacement of a silencer costs Rs.800/-. The cost of spare parts and repairs by any reckoning is three to four times compared to Ambassador or Fiat.
A random sample indicates that every eighth car has faulty clutch. In the context of defective parts and exorbitant cost of repairs, saving in fuel in Maruti as compared to other auto makers is of little consequence.
Define a monopoly and stage its main features.
Why MUL is called a monopoly? Does it enjoy monopoly in car manufacture?
In what way do customers surfer from monopoly practices of MUL.
What do you suggest to remedy the situation?
