The table shows that price of J will be $12, the quantity demanded of A will be 700, and the marginal revenue of E is 7.
<h3>How to calculate the values?</h3>
The price of J will be:
= Total revenue / Quantity demanded
= 14400/1200
= 12
The quantity demanded of A will be:
= Total revenue/Price
= 11900/17
= 700
The marginal revenue of E will be:
= (13500 - 12800)/(900 - 800)
= 700/100
= 7
The variable cost of B will be:
= 6140 - 500
= 5640
The total cost of C will be:
= 6135 + 500
= 6635
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Answer:
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Answer:
c. $360 increase in excess reserves and a $40 increase in required reserves
Explanation:
Required reserves is the amount of reserves that is required by the Central bank that banks should keep.
Required reserve = reserve ratio × deposit
= 0.1 × $400 = $40
Excess reserve is the amount of reserves kept in excess of the required reserves.
Excess reserve = Deposit - Required reserve = $400 - $40 = $360
I hope my answer helps you
Answer:
The correct answer is d) neither the long-run Phillips curve nor the Classical dichotomy.
Explanation:
The answer that best suits the situation described is the Phillips curve in the short term but not in the long term.
The Phillips curve starts from the principle that the amount of money circulating (commonly called "money supply") has real effects on the economy in the short term. In this way, an increase in the money supply would have a beneficial effect on aggregate demand, as citizens will spend more when their nominal wages are increased (known as “monetary illusion”) and a more favorable framework for investment and investment will be created. that the prospects of rising prices will improve the expectations of corporate profits. The improvement in aggregate demand would result in greater economic growth, and this in turn in the creation of new jobs. This is how an inverse relationship between inflation and unemployment is established, expressed graphically by a downward curve.
Answer:
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