Calculate price index number of the year 1996 with 1986 as base year from the following data by using (i) Laspeyres (ii) Passches (iii) Fishers formula Commodity 1986 unit price A KG 10 B KG 12 C METER 15 D PACKETS 9 value quantity value 1500 160 1760 1080 100 1300 900 60 960 450 40 480
Q: Question 4' A firm's long-run total cost is TC(Q)=402-10Q²+Q³. Over what range of output does the…
A: Total cost of production is the total expenditure incurred by the firm on the factors of production…
Q: Suppose you are an advisor to the Business Cycle Dating Committee. You are asked to look at…
A: a time of transitory economic contraction marked by a decrease in commerce and industrial activity,…
Q: Consider C-grade bonds with average cumulative default rate 19.1 for year 5 and 22.53 for year 6.…
A: In the mentioned question we have been asked about the hazard rate of particular 6h year from…
Q: Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross…
A: According to the question, it is given that : GDP at market price = 950 Private consumption = 750…
Q: Explain the difference between a movement along a supply
A: A demand bend represents the connection between quantity demanded and price in a given market on a…
Q: In year 1 the CPI is 181, and in year 2 the CPI is 195. If Dennis's salary was $95,000$95,000 in…
A: inflation is typically a broad measure, such as the overall increase in prices or the increase in…
Q: Discuss Fiat, Seingiorage and Petro Dollar
A: Currency could be a medium of exchange for merchandise and services. In short, it's money, within…
Q: On October 30, 2019, the FOMC lowered its target rate for the federal funds rate. As part of its…
A: Here, it is given that the Federal Reserve changes Federal funds rate in the market. At the same…
Q: Consider the following problem with 17 voters and 3 candidates. 6 people rank a over b and b over c.…
A: Condorcet winner is the candidate that beats all of its opponents.
Q: Question: State the macroeconomic effects of budget deficit
A: Macroeconomy is that part of economics that deals with the economy as a whole. It covers the…
Q: A. The RBA (Reserve Bank of Australia) is concerned about the trend since the early 2000s of a 75%…
A: Introduction Question related to the topic study of economics among students.
Q: 1. How much output will this firm produce and what price will it charge if it wants to: maximize its…
A: A monopolistic firm will maximize profits at point where MR = MC. Its total revenue will be maximum…
Q: which type of collusion is possible in the banking sector? and what would be the cause
A: A formally and informally, contract between market competitors to fix prices for goods or services…
Q: f the current unemployment rate is 8% and the natural rate of unemployment is 6%, what do we know…
A: The natural rate of unemployment is the lowest level of unemployment that an economy can sustain…
Q: [CLO-6] Which investment project is guaranteed to be accepted for an evaluation useful life of 6…
A: MARR is the the minimum acceptable rate of return. Below MARR firm will not accept any investment.…
Q: What determines the nature rate of unemployment
A: The minimal rate of unemployment induced by genuine or intentional market pressures is known as the…
Q: Which option is the best answer? An example of a consumption function is C - 50+ 0.85Y. When Y is…
A: "A consumption function indicates a relationship between consumption and disposable income. The…
Q: Describe optimality condition for third-degree price discrimination based on : "MRT (QT) = MC(Q1) =…
A: 3rd degree price discrimination 3rd degree price discrimination occurs when different groups of…
Q: On the following graph, use the black point (cross symbol) to indicate the equilibrium price and…
A: Equilibrium is the state of balance which is found at the intersection of demand and supply curve.…
Q: ILLUSTRATE THE VARIOUS COST CLASSIFICATIONS. (PLEASE INCLUDE PHOTOS OR TEXT FOR THE EXPLANATION)…
A: In popular usage, cost refers to the monetary worth of goods and services purchased by producers and…
Q: 2. Assume that sale of human organs is legalized and a free market develops. Furthermore, assume the…
A: Economic equilibrium is a condition where market forces are adjusted, an idea acquired from physical…
Q: What are the main transmission channels for monetary policy? Prove explanations in detail with an…
A: Monetary policy Monetary policy is the tool of a central bank of the nation by which the central…
Q: Which of the following document is NOT a part of the International Bill of Human Rights? O 1.…
A: The United Nations' five key human rights treaties make up the International Bill of Human Rights,…
Q: Is this statement true or false? And why? The resource-based view (RBV) as an HR strategy…
A: According to resource-based theory, an organization's strategic resources offer it with a great…
Q: 25. Which of the following is NOT a non-price method that a supplier could use to allocate a good…
A: Non price tools is a showcasing technique that normally incorporates limited time consumptions, for…
Q: The following graph displays four supply curves (HH, II, 33, and KK) that intersect at point A. 100…
A: Elasticity measures the responsiveness of quantity to changes in price level.
Q: The difference between economic profit and accounting profit is that economic profit is calculated…
A: An explicit cost is the clearly stated costs that a business incurs. For example, employee wages,…
Q: An article in The Wall Street Journal discusses a trend among some large U.S. corporations to base…
A: When there is a usual conflict of interest between the principal and the agent as a result of the…
Q: In 2004–2006, for the first time Boeing produced fewer planes than Airbus. If Boeing finds itself…
A: The level of a business's profitability is one of the metrics that may be used to determine how…
Q: The best way to increase margin from customers is to: Group of answer choices: a. Ensure that the…
A: Cost of Conflict is a device which endeavors to compute the cost of contention to mankind. The…
Q: "Information asymmetry is detrimental for decision-making in the marketplace and hence is a market…
A: It happens when one side to a business transaction has more material information than the other.…
Q: Justin's demand for good 1 is given by the formula: x1d(p1,p2,I)=2⋅I/4⋅p1+6⋅p2, Suppose...…
A: Given Demand function of good 1 x1p1,p2, I=2I4p1+6p2 .. (1) Initially p1=$7, p2=$7…
Q: Carefully explain the terms 'non-rivalry' and 'non-excludability'. Provide an example of a good with…
A: Non-excludability means that no individual can be excluded from using the goods and non-rivalry…
Q: In 1996 dairy farmers, hurt by a decade of low milk prices, began reducing their herds. Subsequently…
A: If the cost of producing increases proportionally more than the increase in revenue, then the…
Q: Which of the following is NOT a result of a temporary fall in foreign demand on one country's…
A: Here, it is given that the foreign demand for exports of a country falls, it implies that foreign…
Q: Economics Three brands of apples (Anti, Banti, Canti) are currently available to consumers in town.…
A: Here, the information about the price and perceived benefit from different brands of apples.
Q: Describe the FOUR classical types of potential market failure, in detail, and provide examples of…
A: In the free market, market failure is characterized as an inefficient allocation of goods and…
Q: James has lost his job and has been unemployed so long that he no longer activly seeks employment.…
A: Unemployed means a person of working age population wants to work but not getting work full time or…
Q: (1.12) Bitcoins as a Store of Value. Bitcoins are a new form of electronic, privately issued money…
A: Any object that preserves purchasing power in the future and can be easily swapped for something…
Q: If an investment of BD10,450 will be given in an interest rate of 15% for the period from (January1…
A: Given Principal amount P = BD10,450 Interest rate =15% Investment is made on 1 January 2024 The…
Q: Critically demonstrate the key difference between the two economies of scale.
A: The term "economies of scale" refers to the phenomena known as a decline in the average expenses…
Q: 3) Use the table below to answer the following questions. Table 1 Bud Light Offer Don't Offer New…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: A10 Write three econometric models capturing 1) overall; 2) within; and 3) between variation
A: Econometric models Econometric models were built from economic data and are utilized with…
Q: Up Down Up Down Player 1 In the game above, what is/are the sub-game perfect Nash equilibrium?…
A: We have sequential move game, where Player 1 moves first and then player 2 moves.
Q: 4) Refer to the table below to answer the following questions. Table 2 Firm A R&D No R&D A:-$3 A:…
A: The dominant strategy is the best course of action that provide the maximum outcomes no matter what…
Q: Value of college education $200,000 $100,000 (a) Group I C1 (y) = $40,000 y 1 2 3 Optimal choice of…
A: Market equilibrium Market equilibrium is a point at which the demand and supply in the market meet.…
Q: According to the 1951 Refugee Convention, refugees are people owing to [ ] fear of being persecuted…
A: Refugee: It refers to the people who came from different cities just to take shelter in the other…
Q: TC = 116 +27Q+4Q² What is the average fixed cost when 5 units are produced? Enter as a value, ROUND…
A: Answer: Given, Total cost function: TC=116+27Q+4Q2 Fixed cost: fixed cost remains fixed in the short…
Q: u (x₁, x2) = min { } If the price of good 1 is $5/unit, the price of good 2 is $2/unit, and income…
A: "The utility function in the form of 'min' represents the perfect complement case. Two goods when…
Q: There are many private security firms, and many large housing developments have police protection…
A: Private firms are businesses that are not regulated by the government and are not subject to federal…
Step by step
Solved in 4 steps
- Forecast the demand for the rice for a country for the year 2019 on the basis of 7-year data given in table: Year 2012 2013 2014 2015 2016 2017 2018 Population (millions) 10 12 15 20 25 30 40 Rice consumed (million tonnes) 40 50 60 70 80 90 10018. The following are the index numbers of wholesale prices of a commodity based on 2011: Year Index Numbers Year Index Numbers 2011 2012 100 1102013 150 210 225 240 2015 2016 100 108 120 150 2017 2014S Prepare new Index Numbers taking 2013 as base.The price of wheat (per kg) is given for the vears 1964 to 1973. Calculate simple index numbers using insmeo i) 1964 as base year ii) average of the prices for the first five years as base iii) average of the prices of all the 10 years as base Year Price (Rs.) Year 1969 Price (Rs.) 27 1964 1965 1966 20 28 18 23 1970 1971 30 1967 32 24 25 1972 1973 1968 33
- B3. The following table shows the gold prices in recent 4 years: Price Index (USS per ounce) (Base 2018) I2018 =? Price Year 2018 1328 2019 2020 1294 Iz019 =? 1562 I2020 =? 2021 I2021 =? 1949 (a) Calculate all the simple price indexes by using 2018 as the base year. (b) Calculate the percentage change from 2020 to 2021.The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2015. Prices and Quantities Year 2015 2016 2017 2018 Price of Cereal $4.00 $4.00 $5.00 $6.00 Quantity of Cereal 100 120 150 180 Refer to Table 23-5. In 2017, this country's Price of Milk $1.50 $2.00 $2.50 $3.50 O real GDP was $1250, and the GDP deflator was 138.9. O real GDP was $1250, and the GDP deflator was 128.0. O real GDP was $900, and the GDP deflator was 138.9. O real GDP was $900, and the GDP deflator was 128.0. Quantity of Milk 180 200 200 240According to data given in the table, to use index system to analyze the effect price and sales volume variation put on sales value. Unit price (yuan) Commodity's Measurement unit Sales volume name 2017 year 2018 year 2017 year 2018 year Knitting wool kg 400 400 44.6 48.5 Cotton 850 900 7.5 8.2 Leather shoes pair 700 760 88.0 105
- Consumer Price Index SETTINGS 1960 300 280 260 240 220 200 180 160 140 120 100 80 60 40 20 Price Then ($) Price Now ($) GRAPH 1960 Year 1965 1970 1975 Show Transcribed Text 10.00 10.00 1984 1980 Reset 2016 1982-1984 = 100.00 1984 1985 1990 PRICE CALCULATIONS CPI = 105.30 1984 Price Then $10.00 1995 2000 Price Now $4.39 (CPI data not seasonally adjusted. Source: BLS) $22.79 O No, because the real value of her hourly wage has stayed the same. O No, because the real value of her hourly wage has fallen from $27.81 to $25.11. O Yes, because the real value of her hourly wage has risen from $25.11 to $27.81. O Yes, because she is earning more dollars per hour. $10.00 Year 2005 2010 2015 2020 a) How much would a worker have to be paid per hour in 2016 to keep her real wage the same as in 1980 if she earned $10 per hour in 1980? Instructions: Round your answer to two decimal places. $ b) A worker earned $10 a hour in 1980 and $14 an hour in 1990. Using the interactive tool to convert each of…b. Construct price index number using Laspeyre's Method Year 2015 Quantity 160 Year 2014 Quantity Price Commodity Price 20 Rice Sugar 100 28 11 18 30 37 Salt 1 1 12 Milk 8 57 32 149Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table 3-2 to measure the consumer price indexfor 2019, 2020 and 2021 respectively. Show your calculations and round off to two decimal places.
- With in 1 or 2 percentage points, what has the U.S. inflation rate been during the last 20 years? Draw a graph to show the data.Calculate the following values for the permutations and combinations. a. P b. På 4 C. Co d. C 3/1 e. C1⁰ 10Calculate the price index number from the following data by simple aggregative method. Commodities A B D E Price in 2075 125 105 260 150 250 Price in 2076 125 155 250 160 300