Search & Filtering
The market for a certain good is expressed as; 𝑄𝑠 = 𝛼0 − 𝛼1𝑃𝑡 + 𝛼2𝑋𝑡 + 𝑈1𝑡 𝑄𝑑 = 𝛽0 − 𝛽1𝑃𝑡 + 𝑈2𝑡 𝑄𝑠 = 𝑄𝑑 = 𝑄𝑡 4 Where 𝑄𝑠 and 𝑄𝑑are quantity supply and demand respectively. Derive the reduced form equation of 𝑄𝑡
The Nottinghamshire Research Observatory in England calculated that students who attend Nottingham Technical University spend about £2,760 each in the local economy for a total of £50.45 million. In total, the impact of their spending on the local economy is £63 million. Calculate the size of the student spending multiplier.
You are given the data below for 2008 for the imaginary country of Amagre, whose currency is the G.
Consumption 350 billion G
Transfer payments 100 billion G
Investment 100 billion G
Government purchases 200 billion G
Exports 50 billion G
Imports 150 billion G
Bond purchases 200 billion G
Earnings on foreign investments 75 billion G
Foreign earnings on Amagre investment 25 billion G
Compute net foreign investment.
Compute net exports.
Compute GDP.
Compute GNP.
What is a variable cost to a firm producing cakes?
A. The ingredients of its cakes
B. The invest on money borrowed
C. The monthly rent of its factory
D. The salaries of its managers
Although not explicitly mentioned in Chapter 20, John Maynard Keynes is considered a foundational source in the understanding of macroeconomics. After performing research outside the textbook, please explain in three well-structured paragraphs the basic principles of the New Keynesian Economics and how it addresses perceived limitations to classic Keynesian theory.
Using a case study, explain Jared Diamond’s collapse thesis. (10)
Using a case study, explain Jared Diamond’s collapse thesis. (10)
Your consulting firm has been asked to carry out a valuation exercise to determine the willingness to pay for the restoration of a degraded and polluted length of beach at a small coastal town that is a popular holiday destination and day visits. a. Using a case study, explain what valuation method you would use, and why? (10)
The Pinewood Furniture Company produces chairs and tables from two resources: labor and wood.
The company has 145 hours of labor and 100 board-ft. of wood available each day. Demand for tables is limited to 8 per day. Each chair requires 3 hours of labor and 4 board-ft. of wood, whereas a table requires 22 hours of labor and 9 board-ft. of wood. The profit derived from each chair is $100 and from each table is $500. The company wants to determine the number of chairs and tables to produce each day in order to maximize profit.
The correct linear programming model formulation of this problem is:
