Economics Answers

a fiscal measure has no effect upon the level of income if____________

Y= c+I+g

C= 900+0.5(y-t)

I= 750-30r

T=800

G=1200

Md=Ms

Ms= 1500

Mt=0.7y

MSP=-80r

Derive ( Md/P) the demand for real money balances equation

1. Describe the various complementary products, both goods and services, that a consumer may consider in buying a computer system

The industry V receives units of primary inputs, industry W receives of primary inputs

and industry X receives of primary inputs.

Determine the total output of each industry

and their final demands. (20 marks)

Describe how a tax placed on the production of computers can affect supply

1.     Analyze the following transaction for Surprise Ltd. Using the concept of Accounting Equation comprising of Assets, Liabilities and Equity.

1.     Commenced business with cash of Rs. 5,00,000.

2.     Purchased equipment for cash Rs. 2,00,000.

3.     Purchased furniture worth Rs. 50,000 on credit from IndiMart.

4.     Purchased raw materials for Rs 25,000 against cash from XYZ Suppliers.

5.     Deposited cash of Rs. 1,25,000 in the current account.

Solid goods for Rs. 75,000 and received a cheque against the same.

Kindly Give detail answer concept of Accounting Equation and below transaction with format

Find the marginal cost functions for each of the following average cost functions.

a) AC = 1.5Q + 4 + 46

𝑄

b) AC =

160

𝑄

+ 5 - 3Q + 2Q2

Economic indicators used to measure each macro-Economic objective

explain why it is necessary to know what information failure means when classifying goods as merit or demerit goods

(a)Construct an annual ‘coffee price index’ for this time period using 2005 as the

base year. [Hint: follow the procedure detailed in the chapter – divide each yearly

price by the base year price.]