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3 years ago

An (elastic/inelastic)product has a flatter demand curve

2 answers:

6 0

Inelastic should have the flatter demand curve because people are willing to spend as much as possible for the product (for example water).

olganol [36]3 years ago

3 0

An inelastic because if you change the price people will typically still buy it. An example of this is cigarettes.

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Congratulations again. You've just been appointed economic adviser to the president of Examland. The mpe is 0.8; autonomous inve

Contact [7]

Answer:

Explanation:

(a)

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 900

Y = 0.8Y + 19100

Y - 0.8Y = 19100

0.2Y = 19100

Y = 19100/0.2 = 95500

The level of income is $95,500.

(b)

Now, autonomous exports increases by $1,500.

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 2,400

Y = 0.8Y + 20600

Y - 0.8Y = 20600

0.2Y = 20600

Y = 20600/0.2 = 103000

Thus,

The income rises by $7,500.

(c)

Now, mpe decreased from 0.8 to 0.6

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 900

Y = 0.6Y + 19100

Y - 0.6Y = 19100

0.4Y = 19100

Y = 19100/0.4 = $47,750

The level of income is $47,750.

Now, autonomous exports increases by $1,500.

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 2400

Y = 0.6Y + 20600

Y - 0.6Y = 20600

0.4Y = 20600

Y = 20600/0.4 = 51500

Thus,

The income rises by $3,750.

3 0

3 years ago

If the reserve ratio is 12.5 percent, then $5,600 of money can be generated by Select one: a. $64 of new reserves. b. $700 of ne

malfutka [58]

Answer:B. $700 of new reserves.

Explanation: Reserve ratio is the percentages of bank deposits which commercial banks must keep with them and not lend out, this is done by central bank in order to control inflation, interest rates etc

In ordinary terms reserve ratio is the percentage amount that is kept aside for future endeavours. Reserve ratio is very good to protect an organisation or a country during trying times.

A higher reserve ratio will reduce money lending rate and make commercial banks have less amounts to lend out.

If the reserve ratio is 12.5%, the dollar value of the amount that can be reserved from $5600.

The formula is as follows,the reserve ratio divided by one hundred multiplied by the amount. The reserve in Dollar value will be

Equal to (12.5%/100)*$5600= $700.

5 0

3 years ago

John and Audrey have been married for twenty years. Throughout their marriage, John worked at ABCD Company, a corporation that m

Nonamiya [84]

Assets more likely to be considered marital property rather than separate property are neither as

d. All of the above are likely to be considered marital assets.

Explanation:

The given list of property can rightfully be claimed by either of the partners as they were using it during the marriage. While the recompense given to Adam for his injury is his to use, he is unable to work anymore so this puts a strain on his own medial expenses which would be covered by his wife or the money he gets so that property can be covered.

Inherited property is usually considered the joint property of the couple depending on which state is being talked about here although it extremely unlikely in this particular case.

7 0

3 years ago

In a monopolistically competitive market

3241004551 [841]

I’m guessing it’s A

5 0

4 years ago

According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c

goldfiish [28.3K]

Answer:

Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

6 0

4 years ago