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Q.1.3 An increase in the budget deficit is the result of: (2) (1) Expansionary monetary policy; (2) Contractionary monetary policy; (3) Expansionary fiscal policy; (4) Contractionary fiscal policy.
Q.1.2 Money as a medium of exchange consists of: (2) (1) Demand deposits; (2) Debit cards; (3) Credit cards; (4) Cheques. Q.1.3 An increa
Q.1.1 In the circular flow of income and spending: (2) (1) Investment results in a decrease in the volume of the income flow; (2) Savings result in a decrease in the volume of the income flow; (3) Taxes result in an increase in the volume of the income flow; (4) Imports result in an increase in the volume of the income flow.
Formula of MP
Suppose the total-cost function for a firm is given by .C=qw2/3 v1/3
a. Use Shephard’s lemma to compute the (constant output) demand functions for inputs l and k.
b. Use your results from part (a) to calculate the underlying production function for q (q as a function of “k” and “l”).
firms s is the only producer of a particular type of foam fire retardant and insulation used in the construction of commercial buildings. the inverse demand equation for the product is p=1500-0.1q,where q is the annual sales quantity in tons and p is the price per ton
Suppose that a firm’s fixed proportion production function is given by:
q = min{5k, 10l}
Please calculate the firm’s long-run total, average, and marginal cost functions.
suppose that tge demand curve facing OPEC is given by P=120-2Q and that ecah members cpst of producing oil AC=MC =$20.Find the cartels profit maximizing total output and price
Contribution and limitations of Samuelson general equilibrium model
What is a budget?
