Homework Help for Economics

Price controls are often touted as a policy to help reduce inflation.In 1971, the United States was facing an inflation rate of 5.8%, which led PresidentRichard Nixon to impose a price ceiling on beef, poultry, and dairy. As a result of this,American farmers drowned their chickens and massacred their cows, without butcheringthem and selling the meat. Using a diagram, clearly explain why

Market demand is given as Qd = 200 – 4P. Market supply is given as Qs = 6P. What would result if the market price were $30

Suppose that the consumption function is C = 100 + 0.8(Y-T), that investments are 60, that government spending is 200 and taxes are flat rate at income T = 225

a) What is the equilibrium GDP?

Suppose the government decides to increase its spending by 50 and finance this increase by simultaneously increasing taxes by 50 (which therefore increase to 275).

b) What is the effect of this change on the government's budget balance?

c) What is the effect on equilibrium GDP? Explain why the effect is not zero.

d) In practice, are there limits to governments using this approach to boost GDP?

Westion I
Suppose the consumption function is C = 100 + 0.8(Y-T), that investments are 60, that government spending is 200, and that taxes are proportional to income

a) What is the equilibrium GDP as a function of t?

b)What is the government spending multiplier? Does it increase with an increase in taxes (increase in r

c)If r, what is the equilibrium GDP? What is the government's budget surplus/deficit?

Ouestion I

Supposons que la fonction de consommation est de C = 100 + — T) , que les investissements sont de 60. que les dépenses gouvemementales sont de 200 et que les impöts sont proportionnels au revenu T=rY

a) Quel est le PIB d'équilibre en fonction de t?

b)Quel est le multiplicateur des dépenses gouvemementales? Est-ce qu'il augmente avec une hausse  des impöts (augmentation de r)

c)Si r=0.25 , quel est le PIB d'équilibre? Quel est le surplus/déficit budgétaire du gouvemement?

#6. The net cash flows are shown below for three alternatives for water resources development projects. The MARR is 12% per year and the study period is 10 years. Which alternative is economically preferred based on the external rate of return method? (External rate of return = MARR = 12% per year.) End of Year Project A ($) Project B ($) Project C ($) 0 171,200 126,400 143,600 1 14,800 24,200 20,000 ? ? ? ? ? ? ? ? ? ? ? ? 10 14,800 24,200 20,00

Suppose there is a bill to increase the tax on cigarettes by $1 per pack coupled with an income tax cut of $500. Suppose a person smokes an average of 500 packs of cigarettes per year—and would thus face a tax increase of about $500 per year from the cigarette tax at the person’s current level of consumption. The income tax measure would increase the person’s after-tax income by $500.

Would the combined measures be likely to have any effect on the person’s consumption of cigarettes? Why or why not?

1. Define Multiplier?

2. Define Accelerator?

3. What is a consumption function?

Given the demand and supply functions for two commodities, commodity X and Y determine the equilibrium price Px and Py and quantities QX and QY?

Qdx = 18-3Px+Py Qdy=12+8Px-2Py

Qdx= -3+4Px+3Py QSy=-2+3Py+Px.

Function of the form: U = .5 X.2 Y.8
The individual has income of 40, the price of Good X is 1 and the Price of Good Y is 2.
a) What are the demand for Good X, the demand for Good Y, and the highest level of utility for this individual.

Consider an economy that produces two goods, cars and shirts. Explain why if a tax is imposed on the consumption of cars but not on shirts, the economy will not exhibit product mix efficiency 

Please explain each sentences further. Thank you!

 1. Planning to expand the business on a worldwide scope.
 2. Giving up the distinction between domestic and foreign market and instead developing a global outlook of such business.
 3. Locating the production and the physical facilities of the business by considering global business dynamics irrespective of national consideration.
 4. Creating product development and production planning on a global market sphere.
 5. Global sourcing of the factors of production such as raw materials components, machinery, technology, finance, and others that are obtained from the best source anywhere in the world.
 6. Global orientation or organization structure and management culture.

Suppose that, for perfectly competitive firm of marginal cost function is given by:

MC = Q

2

-2Q+20, then

A. Find the equilibrium level of output, if price per unit of a good produced is birr 44.

B. Find total amount of MC, Total Cost and Total revenue

C. Find maximum amount of profit

D. Find minimum price that required by the firm to stay in the market

How can you guys accumulate that much point in just a couple of hours while other contributors work those equal points for days already.

guessing the answer

multiple choice easy to answer

no step by step explanation

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