Economics Answers

Fill in the gaps in the table below 
Quantity of Variable input TotalOutput	Marginal Product ofVariable input
	Average Product ofVariable input

0	0 
1	225  
2 300
3 300	
4	1140 
5 225	
6 225

what is the future value of an annuity if the size of each payment is 2, 500, payable at the end of each quarter for five years at an interest rate of 9%

Suppose Q gives the production function Q=150KL and the price of labor and capital is 2.5 and 6 birr respectively. If the total outlays of the firm is 3000 Birr. Determine the level of employment of both inputs that maximizes output.

Suppose that cost function is of a firm is given by C=Q³-4Q²+14Q+60. Then ,determine

a. Fixed Cost function and AFC at Q=2

b. TVC function and AVC at Q=2

c. MC function and MC at Q=2

d. Minimum average cost

Include a reference page from Dave Chaffey's 6th edition of the ebook

4. Measurements at the micro digital business level, such as click through rate or the number of clicks on ads, the number of visits to a website, or impressions (the number of ads detected by website visitors), can indicate whether or not a marketing channel is effective,

a. In your opinion are such measurements right or wrong in the real business world?

b. Because the sales department and the company's finance department "said the opposite: why did the number of sales not increase in proportion to the 10-15% budget expenditure, even sales only reached 40% of the predicted 10-15% budget expenditure target the two managers were also more insistent even though the results of the measurement model at the micro level are very good digital business achievements?, this is in line with the number of digital business startups that have gone out of business”, why is that? give the analysis!

Suppose the short run production function can be represented by

Q = 60,000L²– 1000L³. Then, determine

a. The level labor employment that maximizes the level of output

b. The level of employment that maximizes AP_L and the maximum AP_L

Question: Include a reference page from Dave Chaffey's ebook 6th edition for each question

1. From the case above: you have got the concept from a digital business book, the average digital marketing communication budget for large companies in Indonesia ranges from 10-15%, how do you measure the digital marketing communication budget for businesses to be said to be effective using digital business?

2. From the case above: "the marketing team should do careful consideration in choosing marketing tools in digital business, so that sales targets can be achieved", what should you consider carefully in digital business so that sales targets can be achieved?

Given that Q_d= -266p+3550 and Q_s=(-1*(-240p))+1526 [10 marks]Determine the equilibrium price and quantity and hence draw and label the equilibrium diagram.  

You are given data for a hypothetical simple closed economy;

C= 250+0.85Y

I= 150

G=200

Where C is consumer expenditure, Y is national income, G is government expenditure on goods and services and I is investment expenditure. All amounts are in K million.

1. Derive a savings function using the information for the hypothetical economy

Suppose a firm uses inputs of labour, L, and capital, K, to produce its output, Q, according to the production function Q = f (K,L) =K 1/4 L 1/2 . Labour is paid an hourly wage of w and the rental price of capital is r. The firm sells its output at a price of P per unit.

Determine the firm’s optimum levels of the two inputs