Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

1) Graph the following equation: Y = 120 + 0.9X. (Y on the vertical axis and X on the horizontal axis).

a. What are the values of the intercepts for the horizontal and vertical axis? Show these values on the graph.

b. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

2) Graph the following equation: X = -133.33 + 1.11Y. (X on the vertical axis and Y on the horizontal axis).

a. What are the values of intercepts for the horizontal and vertical axis? Show these values on the graph.

b. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

3) Graph the following equation: Z = 180 - 30W. (Z on the vertical axis and W on the horizontal axis).

a. What are the values of the intercepts for the horizontal and vertical axis? Show these values on the graph.

b. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

Suppose now that you have to draw a graph with W on the vertical axis and Z on the horizontal axis.

c. Derive the equation that reflects this graph. Draw the graph.

d. What are the values of intercepts for the horizontal and vertical axis? Show these values on a new graph.

e. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

4) Answer the questions below using the following equation: Y = 60 - 5X + 15Z - 10S.

a. Assuming Y is on the vertical axis and X is on the horizontal axis, draw the relationship between these two variables using the following values for the other variables: Z = 5 and S 6.

b. What are the values of the intercepts for the horizontal and vertical axis? Show these values on the graph.

c. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

d. Suppose that the value of Z changes from 5 to 8, show on the graph from part a) the effect of this change. Carefully label the curves.

e. Is the slope of the new curve different from the slope of the original curve? Carefully explain your answer.

f. Is the new value of the intercept for the vertical axis different from that of the original curve? Carefully explain your answer.

g. Is the new value of the intercept for the horizontal axis different from that of the original curve? Carefully explain your answer.

h. Does the change in the value of the Z variable result in a movement along the curve or a shift? Why?

i. Derive the equation that shows the relationship between the Z and S variables using the following values for the other variables: Y = 10 and X = 4. (Z on the vertical axis and S on the horizontal axis.

j. What is the slope of this equation? Carefully interpret this number. Use an "if..." statement in your interpretation.

5) Use the following equations to find the values of Y and X.

1.  Y = X + W

2.  X = 30 + .8Y

3.  W = 250

6) Use the following assumptions and equations to find the value of r.

1.  Z = W

2.  W = .40Y - 100r

3.  Z = M/P

4.  Y = 3000

5.  M = 100

6.  P =.5

7) Use the following assumptions and equations to find the value for Y.

1. Y=C+G+I

2. C = 500 + .8Y

3. G = 50

4. I = 80 - lOr

5. r = 4

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91242027

Have any Question?


Related Questions in Microeconomics

Qestion suppose that the demand for rough laborers is ld

Question: Suppose that the demand for rough laborers is L_D = 100 - 10W, where W = the wage in dollars per hour and L = the number of workers. If immigration increases the number of rough laborers hired from 50 to 60, by ...

Question analyze the effect of an interest rate decrease on

Question: Analyze the effect of an interest rate decrease on a consumer who is currently a lender. Specifically, answer the following questions. A graph would be useful in your analysis. a. What happens to consumption to ...

Question consider a bottled water market in which only two

Question: Consider a bottled water market in which only two firms are operating: Canyon Water and Lake Water. Assume zero cost to produce bottled water. The market demand is given by the following schedule. Price Quantit ...

Question an economist claims productivity is the key to

Question: An economist claims: "Productivity is the key to increasing material living standards. Defend this statement using the Solow Growth Model. Explain fully and illustrate with the appropriate graphs. The response ...

Question consider two ways of protecting elephants from

Question: Consider two ways of protecting elephants from poachers in African countries. In one approach, the government sets up enormous national parks that have sufficient habitat for elephants to thrive and forbids all ...

Question in 2009 us households were not even buying a

Question: In 2009 U.S. households were not even buying a toaster when it wore out. Which economies that are major trading partners of the United States are presently in slowdowns? How long do you think that situation wil ...

Question since uber has entered the transportation market

Question: Since Uber has entered the transportation market, taxi services have declined significantly. Using economic terms, explain why might that be the case and given that the New York Taxi market is subject to a quot ...

Question use an isoquantisocost diagram and words to show

Question: Use an isoquant/isocost diagram and words to show how firms will respond to a decrease in the wage rate. (Assume substitution between labor and capital is possible.) Be sure to identify the short run scale effe ...

Question the capital asset pricing model postulates a

Question: The Capital Asset Pricing Model postulates a relationship between the returns to a particular stock and the return on the market. Go to the Internet and obtain monthly stock price data for Microsoft, GE, IBM, P ...

Question a quasi-option value question imagine that the net

Question: A Quasi-option value question: Imagine that the net present value of a hydroelectric plant with a life of 75 years is $24 million and that the net present value of a thermal electric plant with a life of 40 yea ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved