all,
Here they are I just have no clue if I'm being honest and I need to know answers and HOW!!!
From the following equation, find the values of income Y and consumption spending C, when:
From the following equation, find the values of income Y and consumption spending C, when:
Y = C + I + G Income C = 18 + 0.8Y Consumption expenditure I = 12 Investment expenditure G = 10 Government expenditure Y = Equilibrium level of income <-----32 is showing up for some reason but shouldn't be
Given the level of income Y, what is the level of consumption expenditure?
C =
_________________
A firm buys two inputs, labor L and capital K, the total amount of which cannot exceed 100. The wage is $8, and the rental rate is $10. The firm can at most spend $840 on the two inputs.
This data can be summarized in the following equations:
Input limit: K + L = 100
Budget limit: 8L + 10K = 840
What are the quantities of two inputs the firm must buy in order to produce a maximum output, given input and budget constraints?
L= <---NOT RIGHT
K= <---NOT RIGHT
__________________________________________________ _____
The demand for coffee is given by the following equation, where Q^{D} stands for the quantity demanded and P stands for price.
Q^{D} = 100 - 4P
The supply of coffee is given by the following equation, where Q^{S} stands for the quantity supplied and P stands for price.
Q^{S} = 10 + 2P
6.
value:
1.00 points
a. What is the slope of demand? Slope =
b. At what price is quantity demanded equal to zero? P =
c. What is the slope of supply?
Slope =
d. At what price is quantity supplied equal to zero?
P =
e. In the diagram below use the line tool to plot the demand and supply curves using the original equations and your values for the intercepts and slopes of each equation.
Instructions: Select the tool "Demand" to plot the demand curve such that the endpoints touch each axis (where P = 0 and Q = 0). Select the tool "Supply" to plot the supply curve using the vertical intercept for one endpoint and the other point located at a value of Q = 100.
rev: 11_24_2011
check my work
7.
value:
10.00 points
f. What are the equilibrium price and quantity of coffee?
Equilibrium price =
Equilibrium quantity =