3. Consider an economy where 1999 is the base year used for all calculations of price indices and constant-price aggregates. The price of the average good counted in GDP was 5% higher in 1997 than in 1999 and real GDP in 1997 was $64,800. In 1998 the rate of inflation was -10% (10% deflation). Nominal GDP was $61,425 in 1998 and $66,000 in 1999.
a. Calculate nominal GDP for 1997. Show your work.
b. Determine whether there was a recession in 1998 (assume that when an aggregate increases/decreases from one year to the next, it also increases/decreases in each quarter within that year). Show your work and explain clearly.
c. Find the rate of inflation for 1999. Show your work.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Ballreich S Has Observed That Quantity Of Values In A Town Increases From 20000 Ba 3496690
/in Uncategorized /by developer3.Ballreich’s has observed that quantity of values in a town increases from 20000 bags per week to 24000 bags per week where it increases advertising expanding from $32000 to $33000. It has also in the market that the number of sales increases from 12000 to 13000 bags per week when its competitors raise their prices from 3.50 per bag to 3.75 per bag( while their advertising remain consistent) A. Ballreich’s knows that the price of electricity demand is 4.7 . If Budweiser increased their advertising by 10% and increased prices by 15%. By what percent would the quantity of sales change ? Short Answer Apply:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Calculate Th Elasticity Of Substitution For The Production Function 3291624
/in Uncategorized /by developer3. Calculate th elasticity of substitution for the production function
Attachments:
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Consider A Coffee Shop That Has Two Types Of Customers Lawyers And Doctors The Dem 3358815
/in Uncategorized /by developer3.Consider a coffee shop that has two types of customers: lawyers and doctors. The demand for espresso by lawyers is given by QL= 18 –3P, where P Is measured in dollars and Q Is measured in ounces. The demand for espresso by doctors is given by QD= 10 –2P. There are equal numbers of lawyers and doctors. The marginal cost of an ounce of espresso is $2. (a)Suppose that the coffee shop can identify which customer is a doctor and which is a lawyer. The shop will offer each type of customer a specific size cup of espresso for some total price. How many ounces of espresso will lawyers be offered, and at what total price? How many ounces of espresso will doctors be offered, and at what total price? (HINT: you should find that lawyers are offered a 12 ounce drink for $48, and doctors are offered a 6 ounce drink for $21. Lawyers and doctors are both tired and rich!) (b)Suppose that the shop owner can no longer distinguish the lawyers from the doctors (e.g., the doctors don’t put on their white coats before getting their espresso).Suppose the shop still offers the two options you found in part (a). That is, each customer has the option of paying $21 for 6 ounces or $48 for 12 ounces. How will the customers respond? (c)Keeping the drink sizes the same (6 ounces and 12 ounces), how should the coffee shop owner change the total prices of the two drinks so that lawyers will buy the lawyer option and doctors will buy the doctors option, and profits are maximized? (d)Describe qualitatively how the coffee shop owners should change the drink sizes (and then the prices) to increase profits even further, while still ensuring that lawyers will buy the lawyer option and doctors will buy the doctors option. (e)Suppose that the coffee shop owner could only charge a single, uniform two-part tariff to all customers. That is, both lawyers and doctors pay the same cover charge Cand per-ounce price p. Describe qualitatively what C and p should be if the shop owner maximizes profits. Can you put upper and / or lower bounds on Cand/or p?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Cnf Satisfiability Problem 3 Cnf Sat 3 Cnf Sat Problem Is Defined As Is There A Se 2768744
/in Uncategorized /by developer3-CNF Satisfiability Problem (3-CNF-SAT) 3-CNF-SAT problem is defined as: Is there a set of values for the boolean variables that assigns the value 1 (true) to the boolean expression given in 3-CNF?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Consider A Job You Hold Now Or Have Held Recently Would You Want This Job Be Redes 3086866
/in Uncategorized /by developer3. Consider a job you hold now or have held recently. Would you want this job be redesigned to place more emphasis on efficiency? Motivation, ergonomics or mental processing. What changes would you want and why?
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Consider An Economy Where 1999 Is The Base Year Used For All Calculations Of Price 1256510
/in Uncategorized /by developer3. Consider an economy where 1999 is the base year used for all calculations of price indices and constant-price aggregates. The price of the average good counted in GDP was 5% higher in 1997 than in 1999 and real GDP in 1997 was $64,800. In 1998 the rate of inflation was -10% (10% deflation). Nominal GDP was $61,425 in 1998 and $66,000 in 1999.
a. Calculate nominal GDP for 1997. Show your work.
b. Determine whether there was a recession in 1998 (assume that when an aggregate increases/decreases from one year to the next, it also increases/decreases in each quarter within that year). Show your work and explain clearly.
c. Find the rate of inflation for 1999. Show your work.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Criteria For Classifying Computer Files 1632940
/in Uncategorized /by developer3 criteria for classifying computer files
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Consider The Aggregate Demand Aggregate Supply Framework Suppose Government Spendi 3345791
/in Uncategorized /by developer3. Consider the Aggregate Demand-Aggregate Supply framework. Suppose government spending is increased when we are not in a liquidity trap, output is at the natural rate of output, and the Fed does not target the interest rate. You can assume for simplicity expected inflation is always zero. Show what happens over time to output, the price level, and the interest rate. In the long run, what happens to investment given this expansionary fiscal policy.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Definitions Of Manufacturing Concepts Interstate Manufacturing Produces Brass Fast 1039687
/in Uncategorized /by developer3. Definitions of manufacturing conceptsInterstate Manufacturing produces brass fasteners and incurred the following costs for the year just ended:Materials and supplies usedBrass $75,000Repair parts 16,000Machine lubricants 9,000Wages and salaries Machine operators 128,000Production supervisors 64,000Maintenance personnel 41,000Other factory overhead Variable 35,000Fixed 46,000Sales commissions 20,000Compute:a. Total direct materials consumedb. Total direct laborc. Total prime costd. Total conversion cost
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"
3 Evaluate The Profitability Of The Project Whith The Npv Irr Simple Payback Period 2767598
/in Uncategorized /by developer3.Evaluate the profitability of the project whith the NPV ,IRR, simple payback period ,and discounted payback period methods.Is the project acceptable? Briefly explain. Why is the NPV method superior to the other methods of capital budgeting? Briefly explain.
"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"