Consider the following IS-LM model set up C = 300 + 0.8(Y − 2500) I = 3500 − 400(r) G = 3000 T = 2500 (M/P)s = 2600 Md = 2000 −1000(r) + 0.2(Y) (a) Using the IS equation, if r is 3 how much is Y? (b) Using the LM equation, if Y is 19000 how much is r? (c) Find equilibrium r and Y, and plot IS-LM equilibrium

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Explicit and Implicit Cost Analysis

The entire idea of the cost of production or production cost is applied corresponding or we can say that it is related to money cost. Money cost refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factors of production or factor services.