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What is the macro prudential tools? Explain by giving three (3) appropriate examples.
a short run production function is given as, Q=L3- 2L2 - 4L+40 determine the number of laborers that should be used to maximize total product
Q2. Explain in detail the shutdown and exit conditions for a perfectly competitive firm.
What is the macro prudential tools? Explain by giving three (3) appropriate examples
Clearly describe substitution effect and income effect for a fall in price for a normal good and an inferior good
Assuming there are two goods X and Y and two persons, analyze the exchange of goods between the two using the Edge worth Box framework indicating the Pareto efficient allocation
The utility function for a consumer utility is U=30Q11/2Q21/2 . If the price per unit of Q1 is Kshs 10 and Kshs 5per unit of Q2, determine quantities Q1 and Q2 that the consumer should have to maximize utility if the consumer budgeted Kshs 350
1. In its first year, “Helen Trading” had the following experience:
Unit selling price birr 100 Sales 50,000 units
Total fixed cost birr 400,000 TVC birr 3,000,000
Required:
a) Develop TR, TC and profit functions for the company in terms of quantity
b) Find the breakeven point in terms of quantity and sales volume.
c) If profit had been br. 500,000 what would have been the sales volume (Revenue) and quantity of sales.
d) What would have been the profit if sales are br. 2,000,000
e) Draw Breakeven chart and discuss about it
What are these mismatched trends telling us about how demand and supply in the market
A) outline 3 factors affecting aggregate demand
B) how can government X use one of these factors to increase aggregate demand of the country
