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Define social security, critically discuss the effects of social grants on incomes and welfare
So let's say that this European Central Bank, the European Central Bank expects the natural unemployment rate to be 6 percent, and the actual unemployment rate is 5.5 percent. B.) Assuming the expectation is the actual natural unemployment rate (5.5%), then if the government decides to increase government spending, please briefly explain and use the Phillips curve to illustrate
(a) While computing Gross Domestic Product (GDP) how the following cases should be handled? 6 (i) Arong has produced 1000 leather bags among which only 500 bags could be sold. They stored rest of the bags for future sale. How the value of these unsold bags will be added to GDP? (ii) “Take-out” is a name of a burger shop. On an average the price of their burger is 250 taka. While adding the value of a burger to the GDP as food product, should 250 taka be added as the value of each burger? How is the final value of a burger added to GDP? (iii) Mr. Rafiq owns a duplex house and lives there. He bought it in 2010. How the value of his housing asset will be added to the GDP in 2020?
if the salaries of the journalist go up then the demand curve of the newspaper will shift upward true or false explain
Profit Maximization. Consider a competitive pizza shop with a demand curve Q = 60-2P Suppose that the TC function for pizza is TC = 100 + Q 2 /4 a. Identify the profit maximizing number of pizzas, as well as the profit-maximizing price and maximum profits. b. Identify analytically the MC curve and the SATC and SAVC curves. c. Identify the shutdown point for the firm, and the breakeven point for the firm. d. Use your P, MR, MC, SATC and SAVC functions to illustrate the profit maximizing output. e. At the profit maximizing price, what is the price elasticity of demand? f. Analytically, and in the above figure identify the producer surplus at the profit maximizing price. How do producer surplus and profits differ here?
Suppose that the price of materials used to produce computer hardware, such as graphics cards, is decreased. Show what occurs to price, quantity, consumer surplus, producer surplus, and total surplus in the market for computers graphic cards USING A SUPPLY-AND-DEMAND DIAGRAM (DRAW A GRAPH). Furthermore, PROVIDE FIVE EXPLANATIONS for what occurred.
Suppose consumers face the utility function: U (Xi, Yt) = XiYt; for i = 1, 2, ... ... ... ..., M Firms face the cost function: Cj(qj) = q2j + F (a) Solve for equilibrium in perfect competition. (b) Show the effect of change in income on equilibrium quantity.
determinants of supply leads to a movement along the supply curve or a shift in the supply curve.