Homework Answers
The correct answer is 0.25. As Ps/Pt = 4 so Soybeans are 4 times costly than Textiles. So 4 units of textiles is worth 1 unit of Soybean. So 1 unit of Textiles is worth 1/4 units of Soybean, that is, 0.25.
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Suppose that in a given economy PSpt-4, where P stands for price, s stands for Soybeans...
4. Suppose that the economy produces three goods-raisins (R), soybeans (S), and textiles (T). What would...
4. Suppose that the economy produces three goods-raisins (R), soybeans (S), and textiles (T). What would its PPF look like under conditions of constant opportunity costs? What would it look like with increasing opportunity costs? (slide no. 15)
QUESTION 6 If in a given year an Economy produces 200 units of textiles and 300...
QUESTION 6 If in a given year an Economy produces 200 units of textiles and 300 units of Soybeans, and the price of textiles is $1 and the price of Soybeans is $2, Nominal GDP is equal to while Real GDP is equal to $800; 800 Textiles units $800; 500 textiles units $800; $800 Not enough information
The demand function for a certain brand of CD is given by p--00-02 where p is...
The demand function for a certain brand of CD is given by p--00-02 where p is the wholesale unit price in dollars and is the quantity demanded each work, measured in units of a thousand. The supply function is given by p=0.01.x+4 Where is the unit wholesale price in dollars and stands for the quantity that will be made available in the market by the per measured in units of thousand. Determine the producere's the wholesale market price is set...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1+mW where m is...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1+mW where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2. Draw the...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1 + m)W where...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1 + m)W where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2....
Question 4 (1 point) Suppose P(M) = 0.5, P(N) = 0.5 and P( M and N)...
Question 4 (1 point) Suppose P(M) = 0.5, P(N) = 0.5 and P( M and N) = 0 Find P((M and N)) 0.25 0.0 0.5 1.0 0.75 Previous Page Next Page 0 AM
The following applies to questions 4-6 below. Assume the following notation: p(A) is the probability of...
The following applies to questions 4-6 below. Assume the following notation: p(A) is the probability of event A; P(AB) is the probability of A and B; p(AVB) is the probability of A or B; p(AB) is the probability of A given B; S is the universe of possibilities; -A is the negation of A; and is the null event. 4. p(AB) where xis A. p(A) P(B) B. P(AlB)p(B) C. p(BIA) D. p(B)2 E. p(A V B) 5. For all A...
Suppose the supply curve for wool is given by Q s = P, where Q s...
Suppose the supply curve for wool is given by Q s = P, where Q s is the quantity offered for sale when the price is P. Also suppose the demand curve for wool is given by Q d = 10 − P + I , where Q d is the quantity of wool demanded when the price is P and the level of income is I. Assume I is an exogenous variable. Question:Find the equilibrium price and quantity if...
Problem 4: Cams (25 pts) Given: A 05 rise in 0.75 s A 1.0" rise in 0.75 s A 0.5 fall for 0.5 s A ...
Problem 4: Cams (25 pts) Given: A 05 rise in 0.75 s A 1.0" rise in 0.75 s A 0.5 fall for 0.5 s A dwell for 0.25 s A 0.5 rise in 1.25 s A 1.5" fall in 1.5s Calculate the period of the cam: T- Calculate the angular velocity of the cam (include units): Calculate the degrees of are for each part of the cam's program: Ba (if necessary)- ps (if necessary)- Ba (if necessary)- Bs (if necessary)-...
Given the equation P=$6.00 - $.40Q,where P is the price of the good and Q is...
Given the equation P=$6.00 - $.40Q,where P is the price of the good and Q is the quantity of the Good demanded,how many units will this consumer demand if the price is $3.60?
4. Suppose that the economy produces three goods-raisins (R), soybeans (S), and textiles (T). What would its PPF look like under conditions of constant opportunity costs? What would it look like with increasing opportunity costs? (slide no. 15)
QUESTION 6 If in a given year an Economy produces 200 units of textiles and 300 units of Soybeans, and the price of textiles is $1 and the price of Soybeans is $2, Nominal GDP is equal to while Real GDP is equal to $800; 800 Textiles units $800; 500 textiles units $800; $800 Not enough information
The demand function for a certain brand of CD is given by p--00-02 where p is the wholesale unit price in dollars and is the quantity demanded each work, measured in units of a thousand. The supply function is given by p=0.01.x+4 Where is the unit wholesale price in dollars and stands for the quantity that will be made available in the market by the per measured in units of thousand. Determine the producere's the wholesale market price is set...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1+mW where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2. Draw the...
Question 3: (45 marks] Suppose the price-setting equation is given by P= (1 + m)W where m is the markup. The wage-setting equation is given by W = pe? where z are unemployment benefts and u is the unemployment rate. 1. Derive the real wage and unemployment consistent with equilibrium in the labor market in the medium run. Is this the natural rate of unemployment? Does the equilibrium rate of unemployment change if unemployment benefts decrease? Explain? (8 marks] 2....
Question 4 (1 point) Suppose P(M) = 0.5, P(N) = 0.5 and P( M and N) = 0 Find P((M and N)) 0.25 0.0 0.5 1.0 0.75 Previous Page Next Page 0 AM
The following applies to questions 4-6 below. Assume the following notation: p(A) is the probability of event A; P(AB) is the probability of A and B; p(AVB) is the probability of A or B; p(AB) is the probability of A given B; S is the universe of possibilities; -A is the negation of A; and is the null event. 4. p(AB) where xis A. p(A) P(B) B. P(AlB)p(B) C. p(BIA) D. p(B)2 E. p(A V B) 5. For all A...
Problem 4: Cams (25 pts) Given: A 05 rise in 0.75 s A 1.0" rise in 0.75 s A 0.5 fall for 0.5 s A dwell for 0.25 s A 0.5 rise in 1.25 s A 1.5" fall in 1.5s Calculate the period of the cam: T- Calculate the angular velocity of the cam (include units): Calculate the degrees of are for each part of the cam's program: Ba (if necessary)- ps (if necessary)- Ba (if necessary)- Bs (if necessary)-...
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