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What is the optimal level of output in the short run when TC= Q2 + 10Q+40 ,Q=SO-ASP
Suppose that the economy has entered a recession. What monetary policy action will a central bank take to restore full-employment output?
An increase in the price level will affect the money market and bond market in what ways?
If the interest rate on a one-year loan is 5% and the expected inflation rate is −2% for the same period, what is the expected real interest rate on the loan?
Spencer took a 9 percent one-year fixed-rate loan to buy a new car. He expected to pay a real interest rate of 5 percent. If at the end of the year Spencer only paid a 3 percent real interest rate, what is the actual or nominal interest rate?
How will a business determine the correct establishment of lodgement schedule?
Suppose the market of carpets is competitive. A typical firm producing carpets has the following total cost function.
Suppose the market of carpets is competitive. A typical firm producing carpets has the following total cost function.
Suppose Peter buys Good X and Good Y only. The price of Good X is $1 per unit and the price of Good Y is $2 per unit. Peter has the weekly income of $1000. Suppose the utility function of Peter is U = 3XY and the slope of his indifference curve is –Y/X where X and Y are the quantity of Good X and Good Y in a bundle respectively.
a. Solve for the utility maximizing bundle. Show each of your steps clearly. [10 marks]
b. Depict the utility maximizing bundle in a well-labeled diagram. [10 marks]
c. Find the marginal rate of substitution at the utility maximizing bundle. [5 marks]
d. If the sellers of Good X launch a promotional activity that consumers, after buying 500 units
of Good X at $1 per unit, can buy more Good X at a price less than $1 per unit. Use your
diagram in part (b) to show the effect of such a promotional activity on the budget line and the
utility maximizing bundle. [10 marks]
a. Solve for the utility maximizing bundle. Show each of your steps clearly. [10 marks]
b. Depict the utility maximizing bundle in a well-labeled diagram. [10 marks]
c. Find the marginal rate of substitution at the utility maximizing bundle. [5 marks]
d. If the sellers of Good X launch a promotional activity that consumers, after buying 500 units
of Good X at $1 per unit, can buy more Good X at a price less than $1 per unit. Use your
diagram in part (b) to show the effect of such a promotional activity on the budget line and the
utility maximizing bundle. [10 marks]
2. Mr. Shil Wants to record the financial transactions of his newly started business. Discuss what accounting steps/stages he need to adhere so that the transactions can be duly recorded and processed in order to prepare the financial statements.
Suppose an economy is in long-run equilibrium.
a. Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include both short-run and long-run aggregate supply. Is this economy producing potential output? Is unemployment above, below, or equal to the natural rate of unemployment?
a. Use the model of aggregate demand and aggregate supply to illustrate the initial equilibrium (call it point A). Be sure to include both short-run and long-run aggregate supply. Is this economy producing potential output? Is unemployment above, below, or equal to the natural rate of unemployment?
Suppose the market of carpets is competitive. A typical firm producing carpets has the following total cost function.
Suppose the market of carpets is competitive. A typical firm producing carpets has the following total
cost function.
cost function.
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#340153 on Dec 2023
#340153 on Dec 2023