# 4 K / P on economic theory, option 2

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Examination number 1
Objective 1
Assume that for full utilization of the resources made Item 2: C and D. Embodiments production combinations shown in Table 1.
Table 1
Initial data
Proizvodstven¬nye options goods with goods D Alternative D costs of production of goods
A 0 80 2.5
In 70 4 1,875
55 May 12
D 35 16 8.75
E 0 20 -
Draw the production possibility curve. Find alternative costs. What does their dynamics? Find the point on the graph M (50 units. Product C and 24 units. Product D), N (20 units. Product C and 8 units. Item D). What do these terms?

Complete the table and draw graphs of the total, average and marginal product
Table 2
Initial data
Labor costs TP MP AP
0 0 0 0
February 1 2.0 2
February 6 3.0 4
March 12 4.0 6
April 20 5.0 8
May 30 10 6.0
6 37.8 6.3 7.8
7 42 6.0 4.2
8 44.8 5.6 2.8
9 46.8 5.2 2
10 48 4.8 1.2

Objective 3
The marginal utility of the first unit of the good equals 200. If consumption in the first three units of the good marginal utility of each additional unit decreases in 2 times; the marginal utility of each additional unit of benefit in further consumption drops 5 times.
Find the total utility of 6 units of good.

Given: the amount of money in circulation - 300 thousand. Den. U .; Price to¬vara - 6 den. U .; production capacity - 100 thousand. den. u To determine the velocity of money.

Verification work number 2
Objective 1
The table below shows the scale of supply and demand.
Table 4
The scale of supply and demand
Price, den. u The volume of demand, units. The volume of supply, units.
10 June 12
12 November 8
14 October 10
16 September 12
18 August 14
20 July 16
In what state will the market (excess or deficit) at a price of:
a) 10 den. U .; b) 16 den. u

Draw on the same graph the curves of supply and demand (pro-arbitrarily). What happens to the curves of supply and demand and how to change the equilibrium volume of sales and the equilibrium price if:
a) increase the number of firms in the industry and the price of complementary goods fall;
b) in the production of a new technology is introduced, and the number of consumers of the goods fall;
c) decrease in prices for resources used, and the price of the replacement item decreased;
g) the state has reduced taxes on profits, and consumers expect the price drop?

Objective 3
The function of the demand for this product has the form: Qd = 4 - P, and the supply function has the form: Qs = -6 + 4P.
Determine the equilibrium price and the equilibrium volume of sales.
Suppose that this product is installed at a fixed price:
a) 1.8 den. U .;
b) 3 den. u
In what state is the market? What is the excess demand (de¬fitsit) or excess supply (surplus)?

Determine the coefficient of elasticity of supply at a price es¬li known that at the price of 20 den. u the volume of supply 300 pcs., and at a price of 80 den. u the volume of supply in 1200 pcs. What is the nature of the proposal in terms of elasticity?

Verification work number 3
Objective 1
The company is a monopolist on the market of the final product and a perfect competitor in the resource market. Price resource 15 den. u
Table 5
Initial data
Kolichest¬vo resource marginal product (MP) Marginal revenue (MR) marginal product in value terms de (MRP)
April 21 60 1.6
May 20 15 1.4
June 18 1.2 15
July 15 15 1.0
August 11 0.8 15
September 6 0.6 15
April 10 15 0.4
Fill in the table and determine how much of the resource will become firm.

The labor market is the demand for labor is described by the equation: DL = 100 - 2N, and the supply of labor - the equation: SL = 40 + 4N, where N - dnev¬naya wage rate. Define:
a) what the wage rate established in the market and how many workers will be hired to work;
b) if the state will set the minimum wage at 12 den. u, then what will be the state of the labor market.
Imagine the solution of the problem graphically.

Objective 3
Two resources - labor and capital - to buy on competitive markets. The price of labor is equal to 1, the price of capital is equal to 4. The products pro¬izvedennaya these resources is also realized in a competitive market for the price of 2.
a) a ratio of capital and labor for maximum profits?
b) what will be the volume of production for maximum profits?
c) What is the value of the maximum profit?
Table 6
Initial data
Units capital limit
Unit labor product of capital limit
product of labor
January 20 January 10
February 16 February 9
March 8 March 12
April 8 April 6
May 4 May 4
6 2 6 1/2
7 July 1 1/4

The consumer expects to receive 500 rubles. a year later, another 300 rubles. after 3 years and 700 rubles. after 5 years.
What is the current value of future income consumers es¬li interest rate is 12%?

Examination number 4
Objective 1
Given the following parameters:
Private consumption 314
Salaries of employees 278
Transfer payments 12
Government procurement 97
Interest on capital 16
Contributions to social insurance 20
Net private investment 31
Rental income 12
Individual taxes 26
Export 4
Indirect taxes 42
Corporate income 47
Depreciation and amortization 40
Imports 5
Profit unincorporated sector 46
Using these data, to determine:
GDP (expenditure);
personal income.

Suppose that in the GNP includes 3 products, production volume and the prices are as follows:
Table 7
Initial data
Years Product A Product B Product B
Volume Price Volume Price Volume Price
1997 100 1.0 1000 2.0 500 3.0
1998 120 1.2 900 2.5 400 3.3
Determine the value of real GNP in 1998

Objective 3
Suppose that in the "basket" includes goods 2. On the basis of these data, determine the price index in 1998
Table 8
Initial data
Years Product A Product B
Number Price Number Price
1997 October 20 10 250
1998 10 35 10 370