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Suppose the sanctions are imposed on South African economy decreased the marginal propensity to import, how will the size of the multiplier be affected?
a.
It will stay the same.
a. It will stay the same.
b.
It will increase.
b. It will increase.
c.
It will decrease.
Assume that the egg industry is perfectly competitive and is in long-run equilibrium with a perfectly elastic long-run industry supply curve. Health concerns about cholesterol then lead to a decrease in demand. Construct a figure similar to Figure 7-7 from your pdf text (page 263 of 698), showing the short-run behavior of the industry and how long-run equilibrium is reestablished.
A firm's demand and total cost functions for a good are 4P+Q-16=0 and TC = 4+2Q-((3Q^2)/10)+((Q^3)/20) respectively.
() What level of output, Q, should the firm produce if it wants to maximize profit)
() Show that at the point of maximum profit, MR = MC.
Product x has a price of $25 with fixed cost of $200 .find it's profit if marginal cost is $20
The individual's demand curve for a commodity represents a maximum boundary of the individual's intentions. True or false, explain
Inferior goods and giffeb goods are synonymous since the two goods relate to the consumer's purchases. True or false, explain
The statement "other things being equal" has no effect in the study of economic phenomenon and therefore can be ignored. True or false, explain
Use the Keynesian-cross diagram of desired demand and output to illustrate and explain the impact on the IS curve of an increase in the interest elasticity of investment (ie investment now changes by more than previously when interest rates change).
Use the Keynesian-cross diagram of desired demand and output to show why there will be an automatic adjustment back to the IS curve if we found ourselves initially to the left of the IS Curve.
Discuss how these maritime transport service providers interact jointly to form a viable maritime transport chain.
