67 100
Assignments Done
99,3%
Successfully Done
In November 2018

Economics Answers

Questions: 6 984

Free Answers by our Experts: 6 214

Answering economics questions may become a significant problem for many students at a certain point in their education process. You may have a short economics question that seems not so hard and time-consuming, but when you finally get to do it, you realize that it is more complicated than it looks, and Google search is not helping at all. There are a few websites that offer economics questions and answers for free, but they do not always provide solutions to the particular problems you have. If you need assistance with your economics homework problems or need answers to economics worksheet, test or quiz questions, be it multiple choice or free answer questions, Assignment Expert will be glad to provide it. We offer professional help with questions in a variety of economics topics you may find confusing or difficult to comprehend. Ask your economics question here, and our economics experts will answer it for free. If you need a solution to the entire set of questions or assistance with an economics project, order now, and our economics experts will help you for a reasonable price.

Ask Your question

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Search & Filtering

31. Consider an economy described by the following equations. Ip = 700 X = 100 T = 1500 Y* = 10000 Cd = 1800 + 0.6(Y-T) G = 1500 M = 0 u* = 4 where Cd is consumption on domestically produced goods, G is government expenditure, M is imports, u* is the natural rate of unemployment, P is planned investment spending, X is exports, T is tax revenue and Pis potential output. Derive the equation for planned aggregate expenditure as a linear function of output, Y. Find the short-run equilibrium for this economy. Illustrate the equilibrium on a 45-degree diagram. Suppose there is a decrease in planned investment spending from 700 to 500. a. Calculate the effect on short-run equilibrium. b. Calculate and explain the multiplier. c. Illustrate your answer on the diagram. d. Calculate the change in the output gap for this economy.
How would each of the following affect Helena’s labour supply decision? Be
specific on what happens to her individual labour supply curve.
a) The value of Helena’s home triples in an unexpected hot real estate market.
b) Originally an unskilled worker, Helena acquires skills that give her access to a
higher-paying job.
c) A temporary income tax surcharge raises the percentage of her income that she
must pay in taxes
Dollar sales were down 3% for the 52 weeks ending March 26 with $1.4 billion. Pounds were down 5% with 1 billion pounds sold. Price per pound was up 3% to $1.36. Assuming a change in only one of supply or demand, what is happening in the market?
Suppose a price-discriminating hotel faces two types of consumers: high and low. Suppose 50% of consumers are of each type.
Each consumer wants at most one hotel room. A room can come in three qualities: Royal, Aristocratic, and Working
Class. The consumers' dollar valuations for each kind of room are given below:
Type # Quality Royal Aristocratic Working
High $2000 $1000 $500
Low $500 $400 $300
Suppose the hotel wishes to maximize total revenues (i.e., marginal production costs are zero). In addition, suppose
the hotel cannot distinguish one type of consumer from the other, and therefore consumers must self-select into
the option intended for each one. (Note: the hotel is not forced to sell a room to every consumer). Which room and price is offered to each type of consumer?
The Z – score model uses 5 variable illustrate the model giving the
reasons for the choice of the variable used.
1. A wage subsidy has been proposed as the best way to increase the income of the working poor. The subsidy would involve government topping up the hourly wage rate of the individual who has been designated “working poor”. Discuss the possible income and substitution effects associated with a wage subsidy.
1) One of the most striking changes in the personal distribution of income has been the widening gap in the earnings between skilled and unskilled workers. Discuss some of the factors that could explain the growing inequality between these two groups.
2) How would each of the following affect Helena’s labour supply decision? Be specific on what happens to her individual labour supply curve.
a) The value of Helena’s home triples in an unexpected hot real estate market.
b) Originally an unskilled worker, Helena acquires skills that give her access to a higher-paying job.
c) A temporary income tax surcharge raises the percentage of her income that she must pay in taxes.
basic assumption of classical theory
The graph below is the short run total product curve (production function) for steel.

a. Graphically derive the MPL and APL curves from this total product curve. Be sure to indicate the approximate levels of labor and output for the peaks of MPL and APL.

b. For what levels of labor and output is production experiencing gains from specialization?

c. For what levels of labor and output is production experiencing diminishing returns?
3. a. Using isoquants and isocost lines, show why a lower level of output in the short-run will always cost more than in the long run. Be sure to explain your graph.

b. Provide a short explanation (in words only) why this true. Be sure to reference the difference between production decisions in the short run and long run.
Submit
Privacy policy Terms and Conditions