Search & Filtering
Suppose a person was earning 1500 per month in 2005, what should be his salary in 2010, if the cost of living index number in 2010 with base year 2005 is 170.30?
If a local newspaper reported that the Malaysian government will shore up the sliding ringgit by working to cut record budget and trade deficits.
a) suppose that a reduction in the budget deficit made international investors more confident in the Malaysian economy. How would this increase in confidence affect the value of ringgit? How would it affect the trade deficit?
Internationally, the average rice farmer has increased the amount of acreage under cultivation over the past few years. The result has been that the average rice plantation produces significantly more rice than it did 15 to 20 years ago. Unfortunately for the growers, however, this has also been a period in which their total revenues have plunged. In terms of elasticity, what must be true for these events to have occurred? Explain these events with the aid of a diagram.
The effort of a firm’s workers depends on their real wage according to the following schedule: Real Wage (w) 16 17 18 19 20 21 Effort (E) 10 13 18 22 25 26 The marginal product of labor is MPN E (400 4N) 30 1 = ⋅ ⋅ − , where E is effort level and N is number of workers employed.
(i) Using the table, calculate the effort-wage ratios and hence determine the efficiency wage. How many workers should the firm hire?
(ii) Suppose an adverse productivity shock reduces the marginal product of labor to MPN = 30 1 ⋅ E ⋅( ) 360− 4N . How would your answers to parts (a) change?
(iii) Draw diagram(s) and explain.
Variable costs per unit of production in 2019 amounted to 200 rubles per unit.
In total, 10000 items were manufactured.
Fixed costs for the year amounted to 20,000 rubles.
It is supposed to establish a 40% mark-up on products after manufacturing. Calculate your unit cost.
The selling price of the product.
The company's revenue from the sale of these 10000 products.
Calculate the company's gross profit, profit after tax, and gross margin (profit margin)
Tax -20 %
What are the three main questions an economic system has to address,
discuss.
what is different between inter-indusrty and intra-industry
Consider the following model of an extended classical economy: 1. Y =(12350/7)+(10/7)(M/P) 2. Y =+100[P-p] 3. Y 4. Y =6000 5. U = 0.05 6. M = 88950 7. * = 0 (a) What do equations 1, 2 and 3 represent in the above model? Briefly explain. (b) Suppose that p = 29.15. What are the short run equilibrium values of P, Y and U? (c) Is the economy in long run equilibrium? If not, why? Explain this adjustment using labour market analysis. What are the long run equilibrium value of P and p? (d) Find out the values of cyclical unemployment and unanticipated inflation. Does the Phillip curve relation hold? (e) Draw diagram(s) indicating all points. (t) Suppose that the central bank decides to take advantage of the low price expectations and announces a contractionary monetary policy (so that actual price also adjusts in line with expectations) before any labour market adjustment has taken place. By what percentage should the central bank change the money supply? What will be the new equilibrium?
Does high level of income mean a higher standard of living ? Why or why not ?
The company X sells $20,000 worth of cotton to company Y, which uses the cotton to make shirts that sell for $30,000. What is the total contribution to GDP from these transactions?
