Suppose that the money supply of a country is $90 billion and the velocity of money is 3. The economy's total production quantity is 630 billion units. Instructions: In part a, round your answer to 2 decimal places. In part b, enter your answer as a whole number. a. According to monetarist thought, what will be the average price of a good produced in this economy? b. What is this country's GDP? billion

Suppose that the money supply of a country is $90 billion and the velocity of money is 3. The economy's total production quantity is 630 billion units. Instructions: In part a, round your answer to 2 decimal places. In part b, enter your answer as a whole number. a. According to monetarist thought, what will be the average price of a good produced in this economy? b. What is this country's GDP? billion

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

QUESTION 2 1. Mr. Jack is in the process of expanding his manufacturing business. He decided to opena plant in the coming year. He has four locations in mind. The costs information forthese locations is in the following table. Locations A B C D Fixed Costs 60,000 80,000 100,000 130,000 VariableCosts/unit 30 20 15 10 a.i. Write an equation to represent the total costs for each location.
Typed plz and asap please provide me a quality solution for better rating and take care of plagiarism also
I only need the Letter parts A - D thank you so much for the understanding
Number of Consumers Who Try the Product Number of Repeat Customers 10 million 10 million Product Energy bar A Energy bar B In the table above, the profit from repeat customers will equal the cost of the advertisement if there are Profit per Repeat Customer 5 million 1 million $6 6 Profit from Repeat Customers $30 million 6 million Cost of Advertisement $10 million 10 million million repeat customers. (Enter your response rounded to two decimal places.)
Have a look at the graph below and select the correct answer. Price and cost per unit £5 £4 £3 £2 £1 16 MR 32 The firm is making supernormal profit. The firm is maximising cost The firm is making a loss. MC 48 Demand 64 The firm is breaking even/ making normal profit. ATC AVC Quantity (000s)
QUESTION FOUR (a There are disputes sometimes even after the goods have been delivered. Explain five ways ofhow the goods can successfully delivered.b Explain the five remedies of a breached contract. c Last year Katie bought a car from Oliver for ZMK35,000 to be paid in two instalments ofZMK1,750. Katie did not pay the second instalment when it was due. She never disputed thatshe owed Oliver this money.Oliver felt sorry for Katie, who lost her job not long after buying his car. He told her that ifshe paid him the half of what she owed him (ZMK8,750) by the following Wednesday, hewould let her off with the rest.Katie paid him the ZMK8,750 on the following Tuesday. She also gave him a bottle of wine“in consideration of his kindness”.On the Friday Katie was notified that she had been successful in one of her job applicationsand would be starting work at a much better salary than her old job on the First of the Month.Oliver has heard about Katie’s new job and realizes that she is likely…
Price, cost, revenue $100 $90 $80 $70 $60 $50 MR 0 MC 7000 D 21000 Dresses per year Refer to the graph shown. The firm in this monopolistically competiti industry will: JAC 14000 12000
don't use Al bot or chat GPT otherwise downvote.correct answer will get instant upvote show calculation
Based on this graph,Calculate the total cost for 500 pairs of shoes.
Given the cost information below if this firm increases its production and sales from 3 to 4 unites per day given a market price of $2500 per unito the profit margin: Quality produced/day Total Cost 0 $2k 1 $2500 2 $2800 3 $3300 4 $4100 5 $5300 6 $7k a.) will fall b.) will stay the same c.) will increase
Q36
how to know if the business is financially healthy by determining the projected monthly operating expenses, if for example the total variable cost is 33,100 vs fixed cost of 18000. the company lets say predicted a revenue to 68000 Full explain this question and text typing work only We should answer our question within 2 hours takes more time then we will reduce Rating Dont ignore this line.