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2.1 Consider a closed economy that is described by the following model:
C = 280m + 0.72Y
Where:
C = Consumption Y = Income
I = 150m I = Investment
G = 300m G = Government spending
T = 22% t = Tax rate.
2.1.1 Calculate the multiplier. (3)
2.1.2 Calculate the total autonomous spending. (2)
2.1.3 Calculate equilibrium Income(2)
2.1.4 Calculate the Level of savings at equilibrium(3)
2.1.5 Calculate the amount of tax collected at equilibrium(3)
1. The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 Utils. The marginal utility of the third donut is 4 utils. You should only consume the third donut if the price of donut is less than or equal to ______________?
1. The price of a can of soft drink is $1.25 and the marginal utility of the second can consumed is 10 Utils. The marginal utility of the third donut is 4 utils. You should only consume the third donut if the price of donut is less than or equal to ______________?
What is cost of production?
explain the background of the two companies
Employment equity is notion that
1. Identify the type of market structure which you think operates in your selected industry. For example, is it ‘perfectly competitive’, ‘monopoly’, ‘monopolistic’ or ‘oligopolistic’. You should justify your answer by explaining how closely the industry operates in practice to the economic model of that market structure. Of KFC
(9 marks)
Due to substantial increases in prices in Country A, the real income level of the population in Country A decreases. Show on a diagram how the decrease in the income level in Country A will affect the demand for meat, which is a normal good. Also indicate how the equilibrium price and equilibrium quantity of meat will change in Country A. The direction of any changes should be clearly indicated using arrows. Note that your diagrams should be properly annotated and that marks will be deducted for any missing labels on your diagram.
The quantity of Item X that is sold to customer Y on September 11th should be an attribute in which table?
A. Sale
B. Customer
C. Sales–inventory
D. Inventory
The list price of inventory item 3399776 should be an attribute in which table?
A. Sales
B. Inventory
C. Supplier
D. Sales–inventory
If a company sometimes only sold parts, sometimes only performed services, and sometimes did both, the minimum cardinalities associated with the inventory table would be
A. zero.
B. one.
C. many.
D. None of these are correct
For a company that rents out construction equipment to building contractors, the rent equipment event is linked to? Check all that apply.
A. at most one return event.
B. at most one receive cash event.
C. at least one receive cash event.
D. at least one return event.
The quantity of Item X that is sold to customer Y on September 11th should be an attribute in which table?
A. Sale
B. Customer
C. Sales–inventory
D. Inventory
The list price of inventory item 3399776 should be an attribute in which table?
A. Sales
B. Inventory
C. Supplier
D. Sales–inventory
If a company sometimes only sold parts, sometimes only performed services, and sometimes did both, the minimum cardinalities associated with the inventory table would be
A. zero.
B. one.
C. many.
D. None of these are correct
For a company that rents out construction equipment to building contractors, the rent equipment event is linked to? Check all that apply.
A. at most one return event.
B. at most one receive cash event.
C. at least one receive cash event.
D. at least one return event.
