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Economics
Consider the following demand and supply model for money. Demand for Money: Mt to the power d=alpha0+alpha1yt+alpha2Rt+alpha3Pt+u1t
Supply of Money: Mt to the power s=beta 0+ beta1yt+u2t
Supply of Money: Mt to the power s=beta 0+ beta1yt+u2t
Economics
1. The relationship between Y and X is given by Yi=alpha+beta xi+nui where nui follows classical assumptions. Consider the following set of data and answer the questions. Y 1 2 3 4 5 X 8 6 9 12 10 a) Estimate parameters of the model from the following data by using OLS method. b) What is the estimate of error variance in the above case? c) Find the value of R square for the above data.
Y=C+IO+GO; C=CO+α(Y-T)
T=TO+ty co=100, Io=90 GO=330 TO=240 α=75% t=20% find national income and c
T=TO+ty co=100, Io=90 GO=330 TO=240 α=75% t=20% find national income and c
In addition to prohibiting development, reserving land for open space converts a private good (use of the land for commercial development purposes) into a public good (open access to the land for general public enjoyment). One way a society can reserve land for open space for the benefit of all is through zoning – prohibiting development in certain areas. As an alternative, a government may establish a budget category, funded by tax collections, for purchasing lands for public use. Is one approach more likely than the other to lead to a social optimum (i.e., be most consistent with consumer preferences for public and private goods)? What factors or conditions might favor one approach over another?
What Marx called “underconsumption” is very similar to Keynes’ concept of
a. inadequate aggregate demand.
b. inadequate aggregate supply.
c. lack of productivity.
d. demand-pull inflation.
e. both b) and d) are correct.
a. inadequate aggregate demand.
b. inadequate aggregate supply.
c. lack of productivity.
d. demand-pull inflation.
e. both b) and d) are correct.
Consider the aggregate demand & aggregate supply model with three ranges. In which range will an increase in aggregate demand cause an output and employment increase without causing inflation?
a. Keynesian
b. intermediate
c. classical
d. None of these since an increase in aggregate demand must by definition cause an increase in prices.
a. Keynesian
b. intermediate
c. classical
d. None of these since an increase in aggregate demand must by definition cause an increase in prices.
Use the following data
a) Profit after tax 45,000
b) Depreciation 75,000
c) Tax Paid 25,000
d) Interest paid 5,000
e) Dividend paid 10,000
f) Cash Received from sale of Building 40,000
g) Sale of Preferrence Share 35,000
h) Repurchase of Ordinary Shares 30,000
i) Purchase of Machinery 20,000
j) Issuance of Bond 50,000
k) Debt Retired through issuance of ordinary shares 45,000
l) Paid off long term bank borrowings 15,000
l) Profit on sale of building 20,000
Requirements:
1. Calculate Cash Flow from operating activities
2. Calculate Cash Flow from Investing activities
3. Calculate Cash Flow from financing activities
a) Profit after tax 45,000
b) Depreciation 75,000
c) Tax Paid 25,000
d) Interest paid 5,000
e) Dividend paid 10,000
f) Cash Received from sale of Building 40,000
g) Sale of Preferrence Share 35,000
h) Repurchase of Ordinary Shares 30,000
i) Purchase of Machinery 20,000
j) Issuance of Bond 50,000
k) Debt Retired through issuance of ordinary shares 45,000
l) Paid off long term bank borrowings 15,000
l) Profit on sale of building 20,000
Requirements:
1. Calculate Cash Flow from operating activities
2. Calculate Cash Flow from Investing activities
3. Calculate Cash Flow from financing activities
If Farmer Jones plants no seeds on his farm, he gets no harvest. If he plants 1 bag of seeds,he gets 3 bushels of wheat. If he plants 2 bags, he gets 5 bushels. If he plants 3 bags, he gets6 bushels. A bag of seeds costs $100, and seeds are his only cost. Use these data to graph the farmer’s production function (bushels of wheat against bags of seed used) and total-cost curve.
Explains their shapes?
Explains their shapes?
if a straight linear supply curve originates from the origin then elasticity of supply at each and every point of the supply curve will be?
For each of the following events, explain the effect it would have on a pizza restaurant's short-run costs. Draw a separate graph asked in each part.
(a) The payment for fire insurance policy increases. Draw the change in the AFC and TFC curves if they change.
(b) the payment to buy pizza dough decreases. draw the change in the MC curve if it changes.
(c) the wages to the workers increase. draw the change in the TC curve if it changes.
(d) the restaurant doubles its advertising budget. draw the change in the ATC curve if it changes.
(a) The payment for fire insurance policy increases. Draw the change in the AFC and TFC curves if they change.
(b) the payment to buy pizza dough decreases. draw the change in the MC curve if it changes.
(c) the wages to the workers increase. draw the change in the TC curve if it changes.
(d) the restaurant doubles its advertising budget. draw the change in the ATC curve if it changes.
