Which would be most helpful when considering a large expenditure that might require repeating payments?
1 careful consideration of short-term goals
2 recording income and spending over the past year
3 creating a budget to consider future income and spending
4 learning more about different kinds of accounts to manage money
consider a hypothetical economy where autonomous C ,autonomous I,autonomous G,autonomous TR ,mpc and t iss given
calculate the level of autonomuous expenditure,equilibrium income,consumption ,total taxes and multiplier
The GDP deflator is not suitable as a measure of household inflation because,
a) it does not include intermediate goods
b) it does not include primary products
c) it does not include changes to the prices of imported final goods
d) it focuses on the costs of production, not costs of consumer goods
e) GDP is used to measure household welfare
Suppose that the price prevailing in competitive market rises, perhaps because of an increase in market demand, how a competitive firm responds to the price increase?
a. What is your explanation on prevailing cost conditions of the chosen firm?
b. Do you think that a reduction in the firm’s variable cost would be beneficial for the company in the short run? If yes, why, If no, why not?
c. Suggest how the firm can reduce the total cost of production?
e. What is the relation between the firm’s output and its marginal cost?
f. Draw graphs for MC, TC and MR and compare.