Determining national income
Suppose an economy is in equilibrium condition. Its consumption function is C = 300 +0.8Y and investment is 700 find out its national income.
Expert
C = 300+0.8 YY = C+IY = 300 + 0.8Y + 700=1250
The law of supply states that the amount of a good supplied is: (i) Legally governed by the production regulations. (ii) Inversely related to its absolute price. (iii) Recognized by the consumer tastes in the free market economy. (iv) Positively relat
Hello friends I need your help to solve the problem that is given below: This firm's total fixed cost (TFC) can be calculated as area: (a) 0PeQ. (b) bPec. (c) aPed. (d) 0bcQ. (e) abcd. Q : Define deficient demand or deflationary Define deficient demand or deflationary gap: Deficient demand occur whenever AD is less than AS at the level of full employment equilibrium
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Can someone help me in finding out the right answer from the given options. In the equilibrium for a price maker firm, the rate of monopolistic exploitation is any difference among: (i) P and MR. (ii) P and MC. (iii) VMP and MRP. (iv) Output price and rate of monopson
Contestable markets and purely competitive markets share the feature of: (w) collusive behavior of huge firms. (x) freedom of entry and exit into the long run. (y) widespread product differentiation. (z) persistent economic profits. Discover Q & A Leading Solution Library Avail More Than 1412818 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1942707 Asked 3,689 Active Tutors 1412818 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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