! 1. In the circular flow model, a state of equilibrium is reached when:A) savings are equal to investment.B) government spending is equal to taxation.C) imports are equal to exports.D) total injections are equal to total withdrawals.E) production is equal to expenditure is equal to income.2. If autonomous expenditure remains constant, and there is a decrease in theproportion of aggregate disposable income consumed in theeconomy,then....A) equilibrium income will be reduced and the multiplier will be increased.B) equilibrium income will be increased. and the multiplier will be increased.C) equilibrium income will be reduced and the multiplier will be reduced.D) equilibrium income will be increased and the multiplier will be reduced.E) equilibrium income will be increased and the multiplier will remain unchanged.

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Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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Consider a perfectly competitive market with inverse market supply P=5+3Q^s and inverse market demand P=50-2Q^d. Suppose the government subsidizes this market with a subsidy of $5 per unit. What is the deadweight loss resulting from the subsidy? a) 0, subsidies do not have a deadweight loss b) 2.5 c) 5 d) 7.5
Please show all work and explain answer. OneRing Company sells memorabilia to residents of Middle-Earth. They are about to invest $6 million in a new ring making plant. Fixed costs of operating the plant are $1 million a year. The ring costs $60/unit to manufacture (variable cost) and will be sold for $200/unit. The plant will last for 5 years, and will be depreciated over 5 years to zero using the straight-line method. The plant will have no salvage value after five years. Net working capital requirements are negligible for this project. Assume there are no taxes in Middle-Earth, and that the appropriate discount rate for the project is ten percent. How many rings per year must OneRing sell in order to break even?
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1. In the circular flow model, a state of equilibrium is reached when: A) savings are equal to investment. B) government spending is equal to taxation. C) imports are equal to exports. D) total injections are equal to total withdrawals. E) production is equal to expenditure is equal to income.