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How do planned inventories enter firms' calculations in arriving at a short-run equilibrium output ?
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- Problem 13-04 (algo) Consider the economy described by the following equations: C - 1,600 + 0.9 (Y - T) IP. 800 G. 1,600 NX 200 T 1,600 Y- 29, 000 a. Complete the table shown below to find short-run equilibrium output. Consider possible values for short-run equilibrium output as they are given in the table below. Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers Planned aggregate expenditure (PAE) Out putY Y- PAE Y. PAE? (Click to select v (Click to select) v (Click to select (Click to select) (Click to select 27, 200 27,400 27,600 27,800 28,eee b. Short-run level of equilibrium output: c. What is the output gap for this economy? Instructions: If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. The actual unemployment rate should be rounded to two decimal places. Output gap: where Y= 29.000 If the natural rate of unemployment is 5 percent, what is the actual…19. (Catalogue companies are the classic example of perfectly inflexible prices because once they print and ship out their catalogues, they are committed to selling at the prices printed in their catalogues. If a catalogue company finds its inventory of sweaters rising, what does that tell you about the demand for sweaters? If the inventories are rising for sweaters we know that demand for sweaters must be increasing, falling ). This is because prices are fixed, so this implies that people are buying less of the good due to a . increase, decrease ) in demand (see Figure 6.1b). In most circumstances, this accumulation of inventories suggests that the demand for sweaters was unexpectedly, high, unexpectedly low, as expected ) since companies try to smooth out production to minimize costs. If the company could change the price of sweaters, it would (raise the price, lower the price, keep the price the same ). Given that the company cannot change the price of sweaters, consider the number…27
- Sub : EconomicsPls answer very fast.I ll upvote correct answer. Thank You3 Assume that Peter's short run Total Cost Curve is TC = 20,000q-200q² + q At an output quantity of 50, would you recommend that Peter increase his capital? What about with an output level of 150?Hi I want to solve branch 4 ,5,6 and 7
- 2. Solve the following Economic Production Quantity problem using the following data: A company operates 220 days per year. They use brackets at a steady rate of 50 per day. The brackets can be produced at the rate of 200 per day. Annual storage cost is $2.00 per bracket and machine setup cost is $70 per run. a. What is the Economic Production Quantity? b. How many production runs will be needed per year (approximate)? c. What is Imax? d. What is average inventory?Question 1) a) In panel (a) the curve shifts upward, what could cause this? O Increase in G (govermment spending)O Decrease in HH wealth due to a decrease in housing pricesO An increase in the overall price levelo Areduction in govemment spending (G) b) Using Figure 2, if this economy is currently at Y1 and consumer wealth increases, then___O AD1 will shift to the left, reflecting a decrease in the real GDP at every price level.O AD1 willshift to the right. reflecting an increase in the real GDP at every price level.O an upward movement along the AD1 wiltake place., reflecting an increase in the price level.O a downward movement along the AD1 will take place, reflecting a decrease in the price level.1. Assume you must choose between two mutually exclusive alternatives: A or B. The explicit benefit you receive from alternative A, bª, is equal to $100. And, the explicit cost of choosing alternative A, c*, is $80. Also, the explicit benefit to choosing alternative B, b", is $120. What is the accounting return for choosing alternative A, r^? Given r and b", what is the explicit cost that you are willingness to pay (WTP) for alternative B, WTP"? Please include the formulas from class in your answer. How would WTPB change ifr^ increased by $5? Explain. your Using the original set of values for explicit costs and benefits, what would be your economic return to choosing alternative How does this relate to the concept of consumer surplus? if the price that you were charged was $95? Please interpret.
- Question 4 Which of the following is true? O At least 2 of the choices OA saving that earns an interest of 6% annually in a cooperative will double its value in 10 years O The great depression circa 1930 gave impetus to the development of macroeconomic models OA tax multiplier of -3 and an increase in tax by P1 million will result to a decrease in equilibrium output by P3 million23. Suppose the country of Nickeltown decides to increase government spending. In which of the following situations would this policy be most effective at stabilizing the economy? OWhen Nickeltown is in an expansion OWhen Nickeltown is in a recession OWhen Nickeltown is at long-run equilibrium Answers (in progress) Answer Points 1 Report technical issue · Email instructor
