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suppose ha he money demand function is (M/P)d =1000-100r, where r is he interest rate in percent. the money supply M is 1000 and the price level P is N$2.
a) graph the supply and demand for real money balances.
b)what is the equilibrium interest rate?
c) assume that the price level is fixed. what happens to the equilibrium interest rate if the supply of money is raised by 39%?
d) if the Fed wishes to raise the interest rate to 7%, what money supply should it set?
a) graph the supply and demand for real money balances.
b)what is the equilibrium interest rate?
c) assume that the price level is fixed. what happens to the equilibrium interest rate if the supply of money is raised by 39%?
d) if the Fed wishes to raise the interest rate to 7%, what money supply should it set?
A firm has determined that its annual profits depend on the number of sales-people it employs and the amount spent on advertising. Specifically the relationship between profits, π (in Millions), salespeople; S (in thousands) and advertising expenditures, A (in millions), is
π=-10+60S+10A-2S^2-A^2
Determine the number of salespeople and the amount of advertising expenditures that would maximize the firms's profits.
π=-10+60S+10A-2S^2-A^2
Determine the number of salespeople and the amount of advertising expenditures that would maximize the firms's profits.
A firm produces two products, milk and cheese, Q1 and Q2 represent the output rate for milk and cheese respectively. The profit function is
π = -100+20Q1+60Q2-10Q1^2-2Q1Q2
Determine the rate of output for each product that will maximize profit.
π = -100+20Q1+60Q2-10Q1^2-2Q1Q2
Determine the rate of output for each product that will maximize profit.
Explain the geometric method of calculating elasticity of supply ( using diagram ).
Is it better to pay mortgage interest or have no mortgage for income tax purposes?
Use the information provided below to construct equations relating consumption and saving to disposable income:
income consumption saving tax
25 million 5 million 15 million 5 million
income consumption saving tax
25 million 5 million 15 million 5 million
Question: Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm: (Table Below);
Industry-Wide Demand// Firm’s Marginal Cost Curve
Price- Quantity / Quantity- Marginal Cost
$5 - 1500 / 1 - $5
10 - 1200 / 2 - 10
15 - 900 / 3 - 15
20 - 600 / 4 - 20
25 - 300 / 5 - 25
30 - 200 / 6 - 30
35 - 140/ 7 - 35
40 - 50 / 8 - 40
a.What is the price of a widget?
b. How many firms are in the industry?
For the remaining four parts of this question, assume that the government imposes an excise tax of $15 per widget.
c. In the short run, what is the new price of widgets?
d. In the short run, how many firms leave the industry?
e. In the long run, what is the new price of widgets?
f. In the long run, how many firms leave the industry?
Industry-Wide Demand// Firm’s Marginal Cost Curve
Price- Quantity / Quantity- Marginal Cost
$5 - 1500 / 1 - $5
10 - 1200 / 2 - 10
15 - 900 / 3 - 15
20 - 600 / 4 - 20
25 - 300 / 5 - 25
30 - 200 / 6 - 30
35 - 140/ 7 - 35
40 - 50 / 8 - 40
a.What is the price of a widget?
b. How many firms are in the industry?
For the remaining four parts of this question, assume that the government imposes an excise tax of $15 per widget.
c. In the short run, what is the new price of widgets?
d. In the short run, how many firms leave the industry?
e. In the long run, what is the new price of widgets?
f. In the long run, how many firms leave the industry?
Discuss the approaches adopted by Pigou and Pareto for analyzing the problem of welfare economics
In what circumstances do NFP’s compete for funding and what can influence the outcome of funding applications?
Economics
You have been asked to prepare the annual budget for a small business. The CEO has been helpful and shown you around. They have been responsible for the previous period’s budgets. You have been introduced to the three departmental managers of marketing, production and logistics. The marketing manager has given you a sales forecast that they are confident with.
1. Describe who else you will talk to in order to set the sales assumption forecast. How will you document this? How is the sales budget used to build the other budgets?
2. Who is responsible and what standards for negotiations should be set during budget meetings with the managers and CEO?
1. Describe who else you will talk to in order to set the sales assumption forecast. How will you document this? How is the sales budget used to build the other budgets?
2. Who is responsible and what standards for negotiations should be set during budget meetings with the managers and CEO?
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#340153 on Dec 2023
#340153 on Dec 2023