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Macroeconomics
Assume that the world works according to the Classical model. There are two countries
in the world, Country 1 and Country 2, that each produce output according to the following CobbDouglas
production function:
Y = 5(K^0.4L^0.6)
In addition to having the same production function, Country 1 and Country 2 are also identical in
terms of hours of labor supplied by workers (the stock of labor), stock of capital, real wage and real
rental rate of capital.
Assume that Country 1 can suddenly benefit from a significant improvement in technology, which
changes its production function to Y = 10(K^0.4L^0.6)
a)How will the MP L change in the two countries when the production function in Country 1 changes?
Recall that with a Cobb-Douglas production function
in the world, Country 1 and Country 2, that each produce output according to the following CobbDouglas
production function:
Y = 5(K^0.4L^0.6)
In addition to having the same production function, Country 1 and Country 2 are also identical in
terms of hours of labor supplied by workers (the stock of labor), stock of capital, real wage and real
rental rate of capital.
Assume that Country 1 can suddenly benefit from a significant improvement in technology, which
changes its production function to Y = 10(K^0.4L^0.6)
a)How will the MP L change in the two countries when the production function in Country 1 changes?
Recall that with a Cobb-Douglas production function
Macroeconomics
1. How to Value surplus , increase or decrease?
2. If tax decrease, what happen of inflation , why?
2. If tax decrease, what happen of inflation , why?
Macroeconomics
Can you pls help me solve these problems??
AGUINALDO LABASMASOK WAS PROMOTED FROM CLERK1 TO CLERK2 FROM HIS FORMER SALARY GRADE 2 (P36,000.) TO SALARY GRADE 3 (P38,000)ю CAN YOU DETERMINE HIS INCOME ELASTICITY?
The elasticity of supply is 1 and the elasticity of demand is 2. If demand increases by ten (10%), by what percent will price change?
AGUINALDO LABASMASOK WAS PROMOTED FROM CLERK1 TO CLERK2 FROM HIS FORMER SALARY GRADE 2 (P36,000.) TO SALARY GRADE 3 (P38,000)ю CAN YOU DETERMINE HIS INCOME ELASTICITY?
The elasticity of supply is 1 and the elasticity of demand is 2. If demand increases by ten (10%), by what percent will price change?
Macroeconomics
Home Country (Malaysia)
(1) define the home country Malaysia
(2) define the protectionism (Malaysia)
(i) actual situation
(ii) actual situation
(iii) defence industries
(1) define the home country Malaysia
(2) define the protectionism (Malaysia)
(i) actual situation
(ii) actual situation
(iii) defence industries
Macroeconomics
Explain Protectionism of Malaysia
Defence industries of Malaysia
Defence industries of Malaysia
Macroeconomics
suppose ha he money demand function is (M/P)d =1000-100r, where r is he interest rate in percent. the money supply M is 1000 and the price level P is N$2.
a) graph the supply and demand for real money balances.
b)what is the equilibrium interest rate?
c) assume that the price level is fixed. what happens to the equilibrium interest rate if the supply of money is raised by 39%?
d) if the Fed wishes to raise the interest rate to 7%, what money supply should it set?
a) graph the supply and demand for real money balances.
b)what is the equilibrium interest rate?
c) assume that the price level is fixed. what happens to the equilibrium interest rate if the supply of money is raised by 39%?
d) if the Fed wishes to raise the interest rate to 7%, what money supply should it set?
Macroeconomics
assume that a perfectly competitive market, firm costs and revenue a;
marginal cost=average variable cost at $20
marginal cost=average total cost at $30
marginal cost=average revenue at$25
with the aid of a diagram explain how the firm will determine the profit maximizing level of output, state price this firm will charge and explain how the firm determined the price, given information above should this firm produce in the short run? why or why not?, will this firm earn a profit or a loss?why? evaluate 3 factors that influence economic development.
marginal cost=average variable cost at $20
marginal cost=average total cost at $30
marginal cost=average revenue at$25
with the aid of a diagram explain how the firm will determine the profit maximizing level of output, state price this firm will charge and explain how the firm determined the price, given information above should this firm produce in the short run? why or why not?, will this firm earn a profit or a loss?why? evaluate 3 factors that influence economic development.
Macroeconomics
Suppose that expected inflation to equal 6 per cent in 2015, but in fact price rise by only 3 per cent. How would this unexpectedly low inflation rate help or hurt the following?
a) The federal government
b) A homeowner with a fixed-rate mortgage
c) A worker with a 5-years fixed term wage contract
d) A causal worker who has no labour contract
e) A private school that has invested some of its endowment in Government Bonds.
a) The federal government
b) A homeowner with a fixed-rate mortgage
c) A worker with a 5-years fixed term wage contract
d) A causal worker who has no labour contract
e) A private school that has invested some of its endowment in Government Bonds.
Macroeconomics
Explain the following:
a) Why the long-run aggregate-supply curve is vertical.
b) Three theories for why the short-run aggregate-supply curve is upward-sloping.
a) Why the long-run aggregate-supply curve is vertical.
b) Three theories for why the short-run aggregate-supply curve is upward-sloping.
Macroeconomics
With diagrams and clear explanation explain that a good can be both normal and inferior.
