Economics Answers

If income is at a level at which planned saving is greater than planned investment, then: 

A. income will rise.

B. income will fall.

C. income will not change but saving will.

D. investment will rise. E. None of the above.

Due to substantial increases in prices in country A ,the real income level of the population in country A decreases.show on a diagram how the decrease in the income level in country A Wil affect the demand for meat, which is a normal good.also equilibrium price and equilibrium quantity will change in country A. The direction of any changes should be clearly indicated using arrows

What are the solutions that a nation can adopt to reduce unemployment

Illustrate and explain how equilibrium is determined in an oligopoly market structure.

What does a rightward shift in the demand curve mean?

Suppose now that country's national income increases to $13 billion. Assuming the amount paid in taxes is fixed at $3 billion and MPC = 0.75, what will be the new household consumption?

Question:-

Derive the equations for IS and LM curves. Specify the parameters of the model. Explain how the levels of equilibrium output and interest rate are influenced by changes in these

parameters.

In the competitive market for organic corn, market demand is QD = 340 – 2P and market supply is

QS = 100 + 4P, where P is the price per bushel, and Q is market output in thousands of bushels.

Each individual farmer faces a marginal cost function of MC = 10 + 3q, where q is the single

farmer’s output level in thousands.

a) What is the equation for the demand (which is also MR) faced by the individual farmer?

how india can achieve energy efficient future Practical application and relating concepts with real world

The following transactions of Big Brown, a sole trader, took place from 1 January to 31 December 2015.

- Started business with capital in cash K10 000

- Deposited K8,000 cash into the bank

- Paid for rentals by cheque K2500

- Bought goods and paid by cheque K400

- Paid for stationery in cash K750

- Sold goods and received cash K600

- Bought goods on credit from suppliers K575

- Paid wages by cash K325

- Sold goods on credit to customers K780

- Withdrew K500 cash for personal use

- Paid electricity by cheque K250

Required:

Open the necessary accounts and prepare a trial balance as at 31 December 20X5.