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Suppose the government cuts income that show in the IS-LM model the impact of the tax cut under two assumptions
(1) the government keeps interest rates constant through an accommodating monetary policy
( 2 )The money stock remains unchanged explain the difference in results
Given the on-going pandemic, the sale of Willis cleaning products jumped 15% to Rs. 425 million and increased income by 28%. Household sales surged 7% and profits rose 65% as both prices and demand increased and a germ-averse public stocked up. Assume yourself as an ambitious manager of Willis cleaning products, who wants to use these changes in the 4th quarter to calculate the own-price elasticity of demand. You have the data on changes in price and changes in quantity sold during the quarter.
Required: 1. What would be the main challenge they would face in calculating a reliable estimate of elasticity? 2. Suppose for the 3rd quarter this challenge did not exist, rather the challenge was one of data availability. All the manager knows, a few minutes before a quickly called meeting to discuss 3rd quarter results, is that the price of a pack of 35-count Clorox Wipes increased by 12% while revenue from those wipes increased by 5%. Calculate the own-price elasticity of demand for Clorox Wipes in this quarter.
a taxi cab company has 12 ambassadors and 8 fiats. If 5 of these taxi cabs are in workshop for repair, calculate the probability that i) 3 of them are ambassadors and 2 flats ii) all the 5 are of the same make
Consider the following general demand and supply functions: 𝑄𝐷 = 1800 − 8𝑃 + 2𝑀 + 16𝑃𝑅 𝑄𝑆 = 50 + 12𝑃 − 20𝑃𝐵 + 19𝐹 where QD and QS are quantities demanded and supplied, respectively, P is price of the good, M is household income, PR is price of a demand-related good, PB is price of a supply-related good, and F is number of firms in the industry
(a) The market demand and supply equations for theme park in a city are given by P = 30 – 0.005QD and P = 10 + 0.005QS, where P is the price in dollars and QD is the quantity of theme-park tickets demanded and QS is the quantity of theme park ticket supplied.
i) Solve for the equilibrium price and quantity of theme park tickets and compute the consumer surplus and producer surplus. Support your answers with a graph of the theme park tickets market.
(ii) Explain the implications of the welfare of consumers, producers and the society when the price of theme park ticket is fixed at $15. Support your answers with a graph of the theme park tickets market.
A pipe, through which water is flowing, is having diameters 20 cm and 10 cm at the cross-section 1and 2 respectively. The velocity of water at section 1 is given 4.0 m/sec. Find the velocity head at section 1 and 2 and also rate of discharge.
How many moles of Argon are there n 20.0 L at 25 C and 96.8 KPa
Write a program with total change amount as an integer input, and output the change using the fewest coins, one coin type per line. The coin types are Dollars, Quarters, Dimes, Nickels, and Pennies. Use singular and plural coin names as appropriate, like 1 Penny vs. 2 Pennies.
Ex: If the input is:
0 (or less than 0), the output is:
No change Ex: If the input is:
45the output is:
1 Quarter
2 Dimes Write a program whose inputs are three integers, and whose output is the smallest of the three values.
Ex: If the input is:
7 15 3the output is:
3The population of a town A is less than the population of town B. However, the population of
town A is growing faster than the population of town B. Write algorithm using pseudocode and
flowchart that prompts the user to enter the population and growth rate of each town. The
algorithm outputs after how many years the population of town A will be greater than or equal to
the population of town B and the populations of both the towns at that time. (A sample input is:
Population of town A = 5000, growth rate of town A = 4%, population of town B = 8000, and
growth rate of town B =2%)
#340153 on Dec 2023