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Suppose the consumption function is given by C-M +0. RR Y, while investment is given by
Investment (1)=2M, Government Expenditure (G) = 3M and Tax (T) = 0.2 Y. Where M = numeric
number of your roll number and RR = Last two digit of your roll number. For example if your roll
no is BCP21987 then your M-21987 and RR=0.87
a. Write Consumption Function and Saving Function for you?
b. What is the equilibrium level of income in this case? c. What is the level of saving in equilibrium?
d. If Investment (1) rises to 200 what will the effect be on the equilibrium income? e. Find the value of the multiplier here?
Do film festivals likely experience economies of scale or diseconomies of scale in the long run using long run atc to explain
When a film festival opens after the pandemic, is it a short run or long run
Critically discuss the principles of learning that could help you in designing and conducting your Economics education sessions
chapter 10 externalities Mankiw problems and solutions
The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?
Provide a discussion in favour of fixed exchange rate regime and floating exchange rate regime
3. Marginal utilities of goods A and B are 600 and 900, and the price of good B is Rs.120. If the consumer is in equilibrium, the price of good A is
The market for good B is in equilibrium. Then a technological innovation reduces costs of production of good B and, simultaneously, the price of a complement good increases. The equilibrium price of good B will
The maize grown in Mphumalanga is used primarily to feed livestock. Suppose that the current "foot and mouth disease" scare were to lead to a significant drop in the size of cattle herds nationwide. What impact would you expect in the market for maize?
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#340153 on Dec 2023