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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 4: Cá nhân và nhu cầu thị trường doc
... 2. An individual consumes two goods, clothing and food. Given the information below, illustrate the income consumption curve, and the Engel curves for clothing and food. Formatted: Space Before: ... leisure demand curve and Barb’s leisure demand curve. Place price on the vertical axis and leisure on the horizontal axis. Given that they both maximize utility, how can you explain the difference ... essentially nothing to operate. The demand for bridge crossings Q is given by P= 15 −12Q. a. Draw the demand curve for bridge crossings. The demand curve is linear and downward sloping. The vertical...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 1 : Sự dự bị docx
... travel across the country to buy clothing, suppliers can easily move clothing from one part of the country to another. Thus, if clothing is more expensive in Atlanta than Los Angeles, clothing ... People generally buy clothing in the city in which they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is false. ... false and explain why: a. Fast food chains like McDonald’s, Burger King, and Wendy’s operate all over the United States. Therefore the market for fast food is a national market. This statement...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh- Chương 2: Cung và cầu ppt
... demand and supply curves. When the income level increases in part b, the demand curve will shift up and to the right. The intersection of the new demand curve and the supply curve is the new equilibrium ... demand curve be of the general form Q=a-bP and the supply curve be of the general form Q=c + dP, where a, b, c, and d are the constants that you have to find from the information given above. To ... U.S. government wants to buy enough wheat each year to raise the price to $3.50 per bushel. With this drop in export demand, how much wheat would the government have to buy? How much would this...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 3: Hành vi tiêu dùng doc
... any given bundle they have the same level of utility. This means that they will rank all bundles in the same order. Note however, that it is not necessary that they receive the same level of ... give her a utility of 800 as part of this indifference curve lies below the budget line. She cannot afford any of the bundles that give her a utility of 1200 as this whole indifference curve ... FC=120. Some bundles on this indifference curve are (12,10), (10,12), (3,40), and (40,3). For Erin, this bundle gives her a utility of 2880, so her indifference curve is given by the equation F2C2PD,...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 5 pdf
... $40 to maintain the current level of deterrence. b. Now assume that drivers are highly risk averse. How would your answer to (a) change? If drivers are risk averse, their utility of a certain ... planting summer corn will yield $500,000 in revenues at harvest. If there is a drought, planting will yield $50,000 in revenues at harvest. As a third choice, you can purchase AgriCorp drought-resistant ... $250,000 that will yield $500,000 in revenues at harvest if there is rain, and $350,000 in revenues at harvest if there is a drought. You are risk averse and your preferences for family wealth...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 6 doc
... increase K by 1 unit and find the new q. Do this a few more times and you can calculate marginal product. This was done in part b above, and is done in part d below. Formatted: Font: Times ... be served by that worker in a given time period. Joe has been employing one worker, but is considering hiring a second and a third. Explain why the marginal product of the second and third ... different task. If there is only 1 worker, then that worker will have to take orders and prepare all the food. Eventually, however, the marginal product would diminish because there would be...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 7 ppt
... derivative of the average cost curve with respect to Q must be equal to zero. For a U-shaped AC curve, the second derivative of the average cost curve must be positive. The first derivative is ... > 0, b must be positive. In summary, for U-shaped long-run average cost curves, a must be zero, b and d must be positive, c must be negative, and 4db > c2. However, the conditions do ... by this fee. Thus, average cost, equal to FC +VCq, and average fixed cost, equal to FCq, increase by the average franchise fee FFq. Note that the franchise fee does not affect average...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 8 docx
... Competitive Supply 108 is everywhere above average variable cost so the firm will supply positive output at any positive price. e. At what range of prices will the firm earn a negative profit? ... Exercise 1. a. Derive the firm’s short-run supply curve. (Hint: you may want to plot the appropriate cost curves.) The firm’s short-run supply curve is its marginal cost curve above average variable ... revenues it receives are greater than its variable costs. Remember that the firm’s short-run supply curve is its marginal cost curve above the minimum of average variable cost. Here, average variable...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 9 pptx
... they have convinced the government that price supports are in order. The government will therefore buy up as many jelly beans as necessary to keep the price at $1 per pound. However, government ... demand curve be of the general form Q=a+bP and the supply curve be of the general form Q=c+dP, where a, b, c, and d are the constants that you have to find from the information given above. To ... where w represents the wage received by the employee. The new equilibrium will be given by the intersection of the old supply curve with the new demand curve, and therefore, 90-10W** = 10W**,...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 10 ppt
... marginal revenue curve. To find the marginal revenue curve, we first derive the inverse demand curve. The intercept of the inverse demand curve on the price axis is 18. The slope of the inverse ... output, and price. The average revenue curve is the demand curve, P = 700 - 5Q. For a linear demand curve, the marginal revenue curve has the same intercept as the demand curve and a slope that ... equal to 60. The level of profit is therefore 60*15-100-2*15*15=$350. c. Graphically illustrate the demand curve, marginal revenue curve, marginal cost curve, and average cost curve. Identify the...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 11 pdf
... revenue curves have twice the slope of a linear demand curve, we have: MRA = 650 - 5QA and MRB = 400 - 3.34QBBB. To determine the profit-maximizing quantities, set marginal revenue ... equal to marginal cost, which in this case is zero. Marginal revenue is given by the slope of the total revenue curve: MR = 7,500 - 2,000P. Equating marginal revenue and marginal cost to maximize ... she stay in this business long? Illustrate your answer using a graph of the demand curve that EA faces, EA’s average cost curve when fixed costs are $30,000, and EA’s average cost curve when fixed...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 12 doc
... instead of five. How does this change your results? We need to find the fringe supply curve, the dominant firm demand curve, and the dominant firm marginal revenue curve as was done above. The ... and 3 produce 3 units each. c. At this shipping level, which firm has the most incentive to cheat? Does any firm not have an incentive to cheat? At this level of output, Firm 2 has the lowest ... expensive. Then the supply curve S shifts to S*. This changes OPEC’s net demand curve from D to D*, which in turn creates a new marginal revenue curve, MR*, and a new optimal OPEC production level...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 13 pdf
... 18. The market is often considered to be relatively efficient up to the semi-strong form. If so, no systematic profit can be made by trading on publicly-available ... . 19. Under the semi-strong form of market efficiency, the stock price should stay the same. The accounting system changes are publicly available information. Investors would identify no ... data into prices. Under the semi-strong form of the hypothesis, the market incorporates all publicly-available information in addition to the historical data. In strong form efficient markets,...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 14 docx
... worker to work. This involves choosing the quantity of labor at the point where the marginal revenue curve crosses the supply curve of labor. Note that the marginal revenue curve has twice the ... wage given by the labor supply curve. Here, it is the area above the labor supply curve up to L = 800 and below the equilibrium wage. This triangle’s area is (0.5)(800)($40) = $16,000. 9. This ... demand curve. Marginal revenue is less than the wage, because when more workers are hired, all workers receive a lower wage. Setting the marginal revenue curve equal to the supply curve for labor,...
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Tài liệu Bài tập về Kinh tế vĩ mô bằng tiếng Anh - Chương 16 doc
... people, suppose both people have identical preferences. Will the contract curve be a straight line? Explain. Can you think of a counterexample? Given that the contract curve intersects the origin ... units of clothing for 1 unit of food. Gina will give up 3 units of clothing and receive 1 unit of food so her final allocation is 2F and 5C. Norman will give up 1 food and gain 3 clothing so his ... will both be better off. Michael will give up 1 unit of food and receive 1 unit of clothing so his final allocation is 9F and 4C. Kelly will give up 1 clothing and gain 1 food so her final allocation...
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