Economics Answers

Given a hypothetical consumption function of the form:
Y = C + I0 + G0
C = α + β
Where: = Y – T
Y = Income
T = Taxes
Compute the equilibrium level of income and consumption

What is involved in the preparation of financial reports and how they are dealt with in preparing the financial reports. Define any accounting terms that are used.

Describe the following financial statements:
The statements are the profit and loss statement
statement of retained earnings
balance sheet
the cash flow statement.

The activity statement allows a business to calculate obligations, allowing a single payment or refund for each reporting/ payment period, across the taxes.

For example, if in a quarterly reporting/ payment period, a business had:

a GST credit of $15,000
a PAYG instalment liability of $6,000
a PAYG withholding liability of $1,500, and
an FBT liability of $1,000
Would the business need to make any payments?

For clarity assume that the MPL=60-2L and
MPK =200-5K
The budget still remains at sh. 390, with the factor prices as sh.4 and sh. 20 for labour and capital respectively

A firm uses two inpus, K and L to manufacture final product.. the price per unit of these inputs are sh. 20 and sh. 4 respectively. What combination of inputs should a firm use to maximize output given that thethe budget is fixed at sh. 390?

The table shows bundles along with an indifference curve for two goods X and Y:
x:0 1 2 3 4 5 6 7 8 9 10
Y:30 23 17 12 8 5 3 1.2 0.5 0
Calculate the MRS at each point

given model specification for a closed economy with an economically active government, express the model in a differential matrix and solve for the national equilibrium

Why is it necessary to establish an accounting system to manage the taxation lodgement process?

Suppose that Harley Davidson builds a motorcycle in the US using $6,000 in parts that were manufactured in Canada. If a consumer in China buys it, how does the motorcycle affect GPD in the US, Canada, and China?