Suppose Serbest Mermer gets utility from guns and roses: U(G,R)=rVG+µVR where G is gun and R is roses, y and µ are some constant parameters. The price of gun is T >0 ; and the price of rose is p>0. Set up expenditure minimizaton problem and obtain the optimal expenditure function Is the expenditure function increasing with respect to prices?

Calculate income if consumption is $120 million and Savings is $66 million

Sav Blundell Biotech. Blundell Biotech is a U.S.-based biotechnology company with operations and earnings in a number of foreign countries. The company's profits by subsidiary, in local currency (in millions) along with the average exchange rate for each year, by currency pairs, are shown in the table for 2013 and 2014. Use these data to answer the following questions. a. What was Blundell Biotech's consolidated profits in U.S. dollars in 2013 and 2014? b. If the same exchange rates were used for both years-which is often called a "constant currency basis-what was the change in corporate earnings on a constant currency basis? c. Using the results of the constant currency analysis in part (b), is it possible to separate Blundell's growth in earnings between local currency earnings and foreign exchange rate impacts on a consolidated basis?

What is the formulae to find Increase in sales?

Calculate APC when consumption is $230 and Income is $600

(ii) Suppose Country B is similar to Country A in the amount of government expenditures and the level of real GDP at full employment. But instead of a proportional tax system, Country B has a lump-sum (regressive) tax system that balances the budget at all levels of GDP. Graph the tax revenues for this country. Instructions: Use the tool provided 'Tax revenues' to illustrate the country's tax revenues. Plot the first point of the line where real GDP is $20 billion and the second point where real GDP is $80 billion. Plot only the endpoints of the line. $25 Tools $20 Tax revenues $15 $10 G $5 $20 $40 $60 $80 $100 Real domestic output, GDP (billions) Government expenditures, G, and tax revenues, T (billions)

How does unexpected changes in the economy effect the fourth quarter budget of an organization?