P₂ P₁ P 0 X3 X₁ AS, X₂ Qp Real Output Graph A Q₂ a P P₁ 0 X₂, ASLR X₁ Z₁ Real Output Graph B AS₂ X₂ AS₁ AS, In Graph A above, an increase in the price level from P₁ to P2 will lead to: O Higher product prices, a rise in profits and a fall in the unemployment rate O Lower product prices, a decline in profits, and a fall in the unemployment rate O Higher product prices, a rise in profits, and a rise in the unemployment rate O Lower product prices, a decline in profits, and a rise in the unemployment rate
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- ciples of Macroeconomics || Fall20 1 What does the PPI measure? ed Select one: d out of O a the average change in the prices paid for all goods produced in the economy over a given year O b. the level of production of goods and services generated in the economy in a given year question O c. the difference between the prices consumers pay for goods and services and the prices producers pay for O d. the average of the prices received by producers of goods and services at all stages of the production pro Ti navigation Type here to searchNimbus, Inc., makes brooms and then sells themdoor-to-door. Here is the relationship between thenumber of workers and Nimbus’s output during agiven day:Workers OutputMarginalProductTotalCostAverageTotalCostMarginalCost0 0 ____ ________ ____1 20 ____ ________ ____2 50 ____ ________ ____3 90 ____ ________ ____4 120 ____ ________ ____5 140 ____ ________ ____6 150 ____ ________ ____7 155 ____ ____a. Fill in the column of marginal products. Whatpattern do you see? How might you explain it?b. A worker costs $100 a day, and the firm has fixedcosts of $200. Use this information to fill in thecolumn for total cost.c. Fill in the column for average total cost. (Recallthat ATC T 5 C Q/ .) What pattern do you see?d. Now fill in the column for marginal cost.(Recall that MC TC 5 D ∆ / Q.) What patterndo you see?e. Compare the column for marginal productwith the column for marginal cost. Explain therelationship.f. Compare the column for average total costwith the column for marginal cost. Explain…Suppose that in the year 2010, Celestial Electronics planned toproduce 950,000 units of its portable GPS devices. Of the950,000 it planned to produce, a total of 25,000 units wouldbe added to the inventory at its new plant in Florida. Alsoassume that these units have been selling at a price of $100each and that the price has been constant over time. Supposefurther that this year the firm built a new plant for $5 millionand acquired $2.5 million worth of equipment. It had noother investment projects, and to avoid complications,assume no depreciation.Now suppose that at the end of the year, Celestial had produced950,000 units but had only sold 900,000 units and that invento-ries now contained 50,000 units more than they had at thebeginning of the year. At $100 each, that means that the firmadded $5,000,000 in new inventory.a. How much did Celestial actually invest this year?b. How much did it plan to invest?c. Would Celestial produce more or fewer units next year? Why
- Plz do fast asap..Which of the following best describes the consumer price index? O the average wage rate for a given region O an index that measures the economic performance of key consumer products companies O monthly statistics that provide a measure of the pace of inflation or deflation, based upon prices of typical products purchased by consumers living in urban areas O the joblessness of people looking for workIn the specific factors model, a 5% increase in the price of food accompanied by a 5% increase in the price of cloth will cause the production of food to Lütfen birini seçin: O A. decrease initially and then to increase O B. decrease OC. remain unchanged OD.increase O E. increase initially and then to decrease
- arrow_forward Question Asked Jun 26, 2020 1 views Suppose one thousand (1000) units of product Aare produced by XYZ limited and the quantity demade for the product is two thousand (2000)units .All other things remaining constant,$18 change in price of product A results in change quantity demaded and supplied of 6 and 9 respectively.XYZ limited has a work force of 500 people who Pay income tax of $200 each .Supposed the government introduce a subsidy of $10 on each unit of A produced. Calculate the new equilibrium price and quantityAcademic) ciples of Macroeconomics || Fal|20 mon 17 The country of Old Jersey produces milk and butter, and it has published the following macroeconomic data, where quantities are in gallons and prices are dollars per gallon, et ered Year1 Good Quantity Price Quastity 500 2000 ced out of Year 2 Price $3 Milk Butter $2 900 ag question $1 3000 $2 Between Year 1 and Year 2 nominal GDP grew by Select one: O a 83.3% Ob 190.0% O G 60.0% Time left 0:51:26 O d. 655% SWAD Type here to searchWhat would be the predicted impact on the labor market of a decrease in non-wage income, as well as an increase in the price of machines? a. An increase in equilibrium wage, and an indeterminate change in equilibrium quantity of labor. b. A decrease in equilibrium wage, and an indeterminate change in equilibrium quantity of labor. C. An indeterminate change in equilibrium wage, and an increase in equilibrium quantity of labor. O d. An indeterminate change in equilibrium wage, and a decrease in equilibrium quantity of labor.
- uestion 6 What happens to the equilibrium wage and quantity of labor if output price rises? The equilibrium wage and the equilibrium quantity of labor fall. The equilibrium wage rises and the equilibrium quantity of labor falls. The equilibrium wage and the equilibrium quantity of labor rise. O The equilibrium wage falls and the equilibrium quantity of labor rises.Given the gellowing hypothetical data on ingut (x) amd tätal Physical Pro duct (TPP) oy xZ corperation. Input (x) Tatal Physical Prě du ct (TPP) Average Physi cal Product CAPP) Marginal Physical Pro du ct (MPP) 3 4 14 3.5 4 24 4 8. 32 4 4 10 38 3.8 3 12 42 3.5 2 14 44 3.14 1 44 2.75 18 42 2.33 -1 20 30 1.5 - 6QUESTION 10 The demand for textbooks is Q-200-P+ 25U- 50Peer Assume that the unemployment rate Uand the price of beer Peer2. When the average price of a textbook is P$100, the price elasticity of demand is O -1.0. O-2.0. O -0.5. O -50. O5.0. QUESTION 11 If price is $12 when the price elasticity of demand is-1, then marginal revenue must be: O $24. O $18. O $12. O $6. O s0.