Macroeconomics
13th Edition
ISBN: 9780134744452
Author: PARKIN, Michael
Publisher: Pearson,
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Chapter 10, Problem 25APA
(a)
To determine
Identify the main features of the U.S economy in the second quarter of 2017.
(b)
To determine
Identify if the U.S. economy has a recessionary gap of inflationary gap in 2017.
(c)
To determine
Illustrate the Figure to show the changes in aggregate
(d)
To determine
Illustrate Figure using the aggregate demand and aggregate supply model to show the changes in aggregate demand and aggregate supply when economy resorted its full employment.
(e)
To determine
Illustrate Figure using the aggregate demand and aggregate supply model to show the changes in aggregate demand and aggregate supply when the government increased expenditure on goods and services to restore its full employment.
(f)
To determine
Illustrate Figure using the aggregate demand and aggregate supply model to show the changes in aggregate demand and aggregate supply in short-run and long-run when the economy moved into an inflationary gap.
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MCB
MCA
The figure to the right shows the marginal cost of
pollution abatement for two firms, A and B. The firms were
initially abating 36 units of pollution each. Now they can
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A
permits.
Both firms are now better off and their total saving will be
(Enter your answer rounded to the nearest
$
whole number.)
Dollars per Unit ($)
44
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31 36 41
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k
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Next
The figure to the right shows the marginal costs of
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These firms were initially abating 30 units of pollution (the
vertical dashed line). Now they can trade permits. The
market price for permits under which an efficient pollution
abatement will be achieved is $
rounded to the nearest whole number.)
192
176-
160-
(Enter your response
144-
128-
112-
96
80-
64-
48-
32-
16
0
0
MC
MCB
10 20 30 40 50 60 70 80 90 100 110 12
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Next
The figure shows the private and social marginal costs
and the marginal benefit of producing paper. The
marginal social net benefit derived from the production of
paper is
OA. maximized at an output level of 35 because that
is where MCp equals MB.
OB. maximized at an output level of 25 because that
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OC. zero at an output level of 25 because that is
where MCs equals MB.
OD. zero at an output level of 35 because that is
where MCp equals MB
Dollars per Unit
25 35
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MCS
MC
Chapter 10 Solutions
Macroeconomics
Ch. 10.1 - Prob. 1RQCh. 10.1 - Prob. 2RQCh. 10.1 - Prob. 3RQCh. 10.1 - Prob. 4RQCh. 10.2 - Prob. 1RQCh. 10.2 - Prob. 2RQCh. 10.2 - Prob. 3RQCh. 10.3 - Prob. 1RQCh. 10.3 - Prob. 2RQCh. 10.3 - Prob. 3RQ
Ch. 10.3 - Prob. 4RQCh. 10.4 - Prob. 1RQCh. 10.4 - Prob. 2RQCh. 10.4 - Prob. 3RQCh. 10 - Prob. 1SPACh. 10 - Prob. 2SPACh. 10 - Prob. 3SPACh. 10 - Prob. 4SPACh. 10 - Prob. 5SPACh. 10 - Prob. 6SPACh. 10 - Prob. 7SPACh. 10 - Prob. 8SPACh. 10 - Prob. 9SPACh. 10 - Prob. 10APACh. 10 - Prob. 11APACh. 10 - Prob. 12APACh. 10 - Prob. 13APACh. 10 - Prob. 14APACh. 10 - Prob. 15APACh. 10 - Prob. 16APACh. 10 - Prob. 17APACh. 10 - Prob. 18APACh. 10 - Prob. 19APACh. 10 - Prob. 20APACh. 10 - Prob. 21APACh. 10 - Prob. 22APACh. 10 - Prob. 23APACh. 10 - Prob. 24APACh. 10 - Prob. 25APACh. 10 - Prob. 26APA
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