Economics Answers

All good and services produced by one firm but used as inputs into a further stage of production are called

Johns budget line relating to good x and good y has intercept of 50 units of good x and 20 units of food y. If the price of good x is $12 what is johns income?

For the
following factors listed below, predict, and draw the shifts of the curves AD and AS,
respectively. Provide an explanation with the support from a case study.
a) An increase in AS due to full employment.
b) A decrease in AD due to recession

A company’s second year operations can be summarized as follows:
Revenues: $110 000
Expenses (except CCA): $65 000
Its capital asset purchases in the first year totalled $100 000, with none in the second year. With a CCA rate of 20 percent and a tax rate of 55 percent, how much income tax did it pay?

Suppose government increases taxes by 100$, if MPC is 0.7 what happens to private savings, public savings, national savings and investment

Which are the reasons why developing economies and developed economies are converging more? Explain

John secured the bank's $2,000 mortgage to buy a car. After the contract was written it turned out that inflation in the economy was lower than expected. Who gained from this development and who lost? Explain

India's central bank has a higher inflation target than America's central bank. Does this tend to appreciate or depreciate the Indian rupee against the American dollar? Explain

Prime minister of india promised a more aggressive fiscal policy with large increase in spending and significant tax cuts leafing to much larger budget deficit. The Indian economy was near the full employment rate ( in India unemployment rate was below 5%), what would India's central bank response in terms of changes to the cash rate? Explain

Production point Pages typed Web
A 0 4
B 40 3
C 70 2
D 90 1
E 100 0

(a) Jean can either type her term paper or create Web pages during the limited time she has available. The table above shows her PPF.
(i) Can Jean type 90 pages and create 2 Web pages?
(ii) Use the above numbers to calculate the opportunity cost of a typed page as she increases her time typing and decreases time creating a Web pages