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A standard "money demand" function used by macroeconomists has the form In(m) = Bo + B, In(GDP) + B2R, Where m is the quantity of (real) money, GDP is the value of (real) gross domestic product, and R is the value of the nominal interest rate measured in percent per year. Supposed that B, = 2.15 and B, = -0.06. %3D What is the expected change in m if GDP increases by 3%? The value of m is expected to V by approximately%. (Round your response to the nearest integer) What is the expected change in m if the interest rate increases from 1% to 9%? The value of m is expected to ▼ by approximately %. (Round your response to the nearest integer)

MK Corp estimates that its demand function is as follows:Q = 150 – 5.4 P + 0.8 A + 2.8 Y -1.2 P*where Q is the quantity demanded per month (in 000s units), P is the product’s price (in TND), A isthe firm’s advertising expenditure (in tnd’000 per month), Y is per capita disposable income (intnd’000), and P* is the price of AJ Corp. 3 (a) During the next five years, per capita disposable income is expected to increase by tnd2,500.What effect will this have on the firm’s sales volume?(b) If MK wants to change its price by enough to offset the effect of the increase in income, byhow much must it raise its price?(c) If MK raises its price by this amount, will it increase or decrease the price elasticity ofdemand? Explain.(d) What can be said about the relationship between the products of MK and AJ?(e) If next year MK intends to charge tnd15 and spend tnd10,000 per month on promotion, whileit believes per capita income will be tnd12,000 and AJ’s price will be tnd3, calculate theincome…

2) A production function for a business follows the model P(L, K) = 0.1 L0.4K0.6 over the course of one year, where P represents the total value of all products the company makes, L represents the value of the labor from employees, and K represents the value of all the company's assets (buildings, machines, etc.), where everything is measured in millions of dollars. ap a. Find and ƏL ap ак' , and explain what they represent in this context. b. Evaluate the partial derivatives from part a when (L, K) = (3,4). If this was your business and your values, if you wanted to expand would it be better to expand in workforce (increase L) or expand in assets (increase K)?

hpw to calculate the equilibrium price and quantity

A firm experienced the demand shown in the following table. Fill in the table by preparing forecasts based on a five-year moving average, a three-year moving average, and exponential smoothing (w=0.9w=0.9 and w=0.3w=0.3). (Note: The exponential smoothing forecasts may be begun by assuming Yˆt + 1=YtY^t + 1=Yt.) Year Actual Demand Moving Average Exponential Smoothing (5-year) (3-year) (W = 0.9) (W = 0.3) 2000 800         2001 790               2002 785               2003 785   792              2004 790   787              2005 805 790    787              2006 825 791    794              2007 850 798    807              2008 825 811    827              2009 860 819    834              2010 * 833    846                The following table shows the square errors, (Yt−Yˆt - 1)2Yt−Y^t - 12, for forecasts from 2005 through 2009. Fill the table by calculating the root mean square error (RMSE) for each of the methods. Year Square…