Economics Answers

The demand function and the average cost .Determine the:

Profit function.

Profit. Hence show it is maximum

The demand function P=4500-15Q2 and the supply function P = 5Q2 + 2500. Determine the following:

Consumer surplus.

Producer surplus.

What is profit maximization

Write briefly, the type of system/solution you are proposing, indicate from which category of the NDP2030 plan is the problem you identified and why you chose that area. Provide a list of your proposed system objectives (i.e. the requirements of the proposed solution) . Prepare a word document proposal containing detailed description of the problem, the current structure (algorithm) or what is currently happening, one or two paragraphs explaining the algorithm, and how you to intent to solve the defined problem (problem solution).

What were Aristotle's views in the appropriateness of economics activity

Poverty is defined as a lack of income only ? True or false ? Explain

GNP= $ 4527 NNP= $ 4047 Indirect tax =366 Others net = -2 Find out: (a). Depreciation? (b). NI? (c). why indirect taxes are deducted from NI to calculate NNP?

Using data from the Economic Report of the President, calculate velocity for the M2 definition of the money supply in the past five years. Does velocity appear to be constant?

Due to substantial increase in prices of country A , the real income level of the population in country A decreases. Show on a diagram how the increase in the income level country A will affect the demand for meat which is a natural good . Also indicate how the equilibrium price and equilibrium quantity of meat will increase in country A (5) marks.

Consider the Economy of Rwanda. The consumption function is given by 𝐶=200+0.75[𝑌−𝑇] while the

investment function is 𝐼=200−25𝑟. Government purchases and taxes are both 100.

The money demand function of Rwanda is [𝑀𝑃⁄]𝑑=𝑌−100𝑟. The nominal money supply is 100 and the

price level P is 2.

i

i) Derive the IS curve equation.

ii

ii) Draw a well labeled diagram of the IS Curve.

iii

iii) Derive the LM curve equation.

iv

iv) Draw a well labeled diagram of the LM Curve.

v

v) Determine the equilibrium level of income and equilibrium interest rate