Suppose we have a Planned Expendure equation of Y = C(Y-T) + I + G. The components are Y = 600, 1 = 50, G = 100, T = 100, MPC = 0.75. Suppose G increases by 50 with T held constant. How much will Y increase?
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- A firm's production is Q= 60L-0.02L² Where Q denotes output and L denotes the size of the workforce, calculate the value of MPL when (i) L = 10 (ii) L = 100The Montag Family purchased a house in 2020 and expects its value (in thousands of dollars) t years in the future will be well-modeled by the function V(t)=310(1.08). By what percentage does the model predict the house will increase in value each year?Use the IS Equation, S(y) + M(y) = I(r) + X, to derive the slope of the IS curve. Describe the significance of points to the left and right of this schedule. Please type out the correct answer ASAP with proper explanation within 40 min. Thank you .
- Please solve this question and kindly use this formula F=P(1+in)Households' consumption function is: C=100+0.7Y Households are more pessimistic about the future and they decide to reduce their consumption by 10 units. What is the intercept of the consumption function now? Type your numeric answer and submitC. Suppose your neighbor is a physics major who also races motorcycles, and she tells you that horsepower can be expressed in terms of the following equation: H = MDA/S where M=mass, D-distance, A=acceleration and S and H are as defined above. Based on this conversation with your neighbor, you decide to change the functional form of the relationship to include 1/H rather than H as an explanatory variable because that's the appropriate theoretical relationship between the two variables. Estimate the above equation, substituting 1/H for H. Which of the two models do you prefer and why?
- Anation with fixed quantities of resources is able to produce any of the following combinations of carpet and carpet looms: Yards of Carpet (Millions) Carpet Looms (Thousands) 75 60 20 45 35 30 45 15 50 50 These figures assume that a certain number of previously produced looms are available in the current period for producing carpet. To answer this question, assume carpet looms is on the y-axis and yards of carpet is on the x-ais The plot of these points that make up the PPF has a vertical intercept of and a horizontal intercept of This PPF would be (Enter your responses as a wvhole number) bowed out a straight lineThe trade-in value, V, of a certain model of automobile can be determined using the function V(x)=25000-0.25x, where x is the mileage. Which of the following statements is the best interpretation of the slope? * The trade-in value of the car decreases $1 for every additional 4 miles driven. The trade-in value of the car decreases $4 for every additional mile driven. The value of the car increases as the mileage increases. The selling price of the car when it is new is $25,000.C=130+0.8Yd L=(1/5)*Y-10i T=100+1/4Y M=150 I=300-20i P=1 G=150 a. Solve for the IS/LM curves and determine Y* and i* b. Confirm (a) above using the Y* and i* expressions from the generalized IS-LM functions c. Verify that the respective multipliers from the generalized form of the IS/LM functions are the same as those derived from the linear form.
- Given that the C = 600 + 0.1Y and Y = 8000 find the level of the consumptionIf the annual rate of world oil consumption t years after 1970 is modeledby the equation R(t) = 16.1e^.07t (billions of barrels per year), how much total oil (net change) was used between 1976 and 1980?The production of a certain good in terms of the amount of labour invested L and the amount of capital invested K, is given by the production function Q = 5 L²/3 K ¹/3 At this moment 512 units of labour and 1 000 units of capital are invested daily. This means that at this moment 3200 units are produced daily. a) The company receives an order for 3200 units. Give an implicit equation for the combinations (L, K) resulting in a production of 3200 units. b) Determine K'(L) for L = 100 using implicit differentiation. Interpret your result in a sentence in the context of the word problem. c) Determine the following expression and interpret your result in a sentence in the context of the word problem: 100 K'(100) K d) Set up the graph of K as a function of L using a logarithmic scale on both axes. Interpret the slope in L = 100.