15. If government spending increases by 1 billion euro, and mpc=0.4, how much should tax change to bring about the same increase in equilibrium income as government spending? a. taxes should increase by 2.5 billion euro b. taxes should decrease by 2.5 billion euro c. taxes should decrease by 1 billion euro d. taxes should increase by 1 billion euro

15. If government spending increases by 1 billion euro, and mpc=0.4, how much should tax change to bring about the same increase in equilibrium income as government spending? a. taxes should increase by 2.5 billion euro b. taxes should decrease by 2.5 billion euro c. taxes should decrease by 1 billion euro d. taxes should increase by 1 billion euro

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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69-70
Could you please answer questions d and e.
answer quickly
Using the quantity of 400, how much profit or loss will theyearn?
Ans for part D
True/False Personal income include personal taxes
so search Store Local Shoe Store Different Neighborhood in Town Rural Outlet Travel Time Each Way (Minutes) 15 30 60 Price of a Sandals (Dollars per sandals) 132 96 88 Ciana earns an hourly wage of $60 at her job. In order to purchase her sandals she will have to take time off work, so each hour away from her job costs her 500 in lost income. Assume that Ciana's travel time is the same each way (to and from the store) and that it will take her 30 minutes once she reaches a store to complete her shopping. Assume throughout the question that Ciana incurs no additional costs other than the sandals, such as Store Local Shoe Store Different Neighborhood in Town Rural Outlet Complete the following table by computing the opportunity cost of Ciana's time and the total cost of shopping at each location. Opportunity Cost of Time. (Dollars) Price of a Sandals (Dollars per sandals) 132 96 68 Total Cost (Dollars) Assume that Ciana considers both her opportunity costs and the price of sandals when…
Where did the 1/2 come from or what is it.
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Michael started to work in 2001 at an annual salary of £20500, she received a £1100 raise each year. what is her annual salary in 2012?
6000– S2 S1 5000 - A 4000– P 3000- H 2000- 1000 S1 3 4 6 7 8 9. 10 Quantity Supplied (in millions) Price ($)
Define the term Expenses?