Homework Answers
Ans :- b = -2
According to sir okun real gdp is fall down by 2% points proportionate to potential gdp so the inflation rate in economy rises by 1% point.
Ans :- opition first - p = 40 ; q = 10
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The equation inflation rate = a - b*(change in GDP growth) where the change in GDP...
Consider the equation 1. = a +B(u.-ū) where: 7. is the rare of consumer price inflation,...
Consider the equation 1. = a +B(u.-ū) where: 7. is the rare of consumer price inflation, q, is the unemployment rate andū is the natural rate of unemployment. This equation represents: An Okun's law relationship if 2> B>0; An Okun's law relationship if -2 <B<0; An Okun's law relationship if -0.5 <B<0; O A Phillips curve relationship if B >0; O A Phillips curve relationship if 6 <0.
MLTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question (2...
MLTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question (2 points each). 1) Which of the following sellers is most able to perfectly price discriminate A) a clothing store C) a grocery supermarket B) the post office D) a college or university 2) When firms price discriminate they turn A) producer surplus; consumer surplus C) consumer surplus; profit into B) total cost; profit D) producer surplus; revenue 3) IE a firm faces a flat...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
Uniform pricing monopolist has the following demand curve for its product: C(Q)=20Q, P=100-Q. The Marginal Cost...
Uniform pricing monopolist has the following demand curve for its product: C(Q)=20Q, P=100-Q. The Marginal Cost is MC=20 and the Marginal Revenue is MR=100-2Q. 1. Find the monopolist Quantity and Price. 2.Find the Deadweight loss relative to the perfectly competitive outcome. 3. A. Calculate the welfare for the monopoly market, before and after the introduction of a price ceiling. B. Which scenario do the consumers prefer?
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate-inflation rate-Population...
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate-inflation rate-Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when caloulating this rate. However, the smplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists...
Question 15 1 pts In a monopoly market, where demand is described by the equation P...
Question 15 1 pts In a monopoly market, where demand is described by the equation P = 100 – 2Q and marginal cost is represented by MC = Q,what is the profit-maximizing quantity for the monopolist? 33 44 20 None of the above.
3. Consider a uniform-price monopolist that faces demand curve P() 14 2Q and faces a total...
3. Consider a uniform-price monopolist that faces demand curve P() 14 2Q and faces a total cost TC() 20 (a) Calculate the profit maximizing price and quantity erw erwyat er Patt Q= (b) Determine the consumer surplus, producer surplus, and deadweight loss erwyat erwy erwyatt CS = el DWL =
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate -...
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate - Inflation rate - Population growth rateThis equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
26. (8 points) Consider a monopolist who faces a constant average and marginal cost of $5...
26. (8 points) Consider a monopolist who faces a constant average and marginal cost of $5 and a linear demand curve of P = 20-2Q, where P is the price the monopolist charges and Q is the quantity consumers purchase. To obtain the optimal quantity and price, the monopolist needs to obtain the marginal revenue, which has the same intercept as the demand curve but twice as steep. Obtain the monopolist's marginal revenue, optimal output, and price.
Question 8 1 pts Consider the equation, a +Blu-u) where:. is the rare of consumer price...
Question 8 1 pts Consider the equation, a +Blu-u) where:. is the rare of consumer price inflation, u is the unemployment rate and is the natural rate of unemployment. This equation represents: An Okun's law relationship if 2 > B>0 An Okun's law relationship if-2 5B 50 An Okun's law relationship if -0.5 <B<0 A Phillips curve relationship if > 0 A Phillips curve relationship if 8 50
Consider the equation 1. = a +B(u.-ū) where: 7. is the rare of consumer price inflation, q, is the unemployment rate andū is the natural rate of unemployment. This equation represents: An Okun's law relationship if 2> B>0; An Okun's law relationship if -2 <B<0; An Okun's law relationship if -0.5 <B<0; O A Phillips curve relationship if B >0; O A Phillips curve relationship if 6 <0.
MLTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question (2 points each). 1) Which of the following sellers is most able to perfectly price discriminate A) a clothing store C) a grocery supermarket B) the post office D) a college or university 2) When firms price discriminate they turn A) producer surplus; consumer surplus C) consumer surplus; profit into B) total cost; profit D) producer surplus; revenue 3) IE a firm faces a flat...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate-inflation rate-Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when caloulating this rate. However, the smplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists...
Question 15 1 pts In a monopoly market, where demand is described by the equation P = 100 – 2Q and marginal cost is represented by MC = Q,what is the profit-maximizing quantity for the monopolist? 33 44 20 None of the above.
3. Consider a uniform-price monopolist that faces demand curve P() 14 2Q and faces a total cost TC() 20 (a) Calculate the profit maximizing price and quantity erw erwyat er Patt Q= (b) Determine the consumer surplus, producer surplus, and deadweight loss erwyat erwy erwyatt CS = el DWL =
26. (8 points) Consider a monopolist who faces a constant average and marginal cost of $5 and a linear demand curve of P = 20-2Q, where P is the price the monopolist charges and Q is the quantity consumers purchase. To obtain the optimal quantity and price, the monopolist needs to obtain the marginal revenue, which has the same intercept as the demand curve but twice as steep. Obtain the monopolist's marginal revenue, optimal output, and price.
Question 8 1 pts Consider the equation, a +Blu-u) where:. is the rare of consumer price inflation, u is the unemployment rate and is the natural rate of unemployment. This equation represents: An Okun's law relationship if 2 > B>0 An Okun's law relationship if-2 5B 50 An Okun's law relationship if -0.5 <B<0 A Phillips curve relationship if > 0 A Phillips curve relationship if 8 50
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