(Answered) Elicidate the consumption and government spending equal to

Economics

Q. In an industry where there are increasing returns to scale over wide ranges of output, would you expect to find a few relatively large firms or many relatively small company? Why?

Q. Assume an economy has GDP of $700 million, Taxes are $210 million, and there are no transfer payments. The government is running a surplus of $60 million and Investment is $100 million. Elicidate the Consumption and Government Spending equal to what?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9220728
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

A sample of n 4 individuals is selected from a normal

A sample of N = 4 individuals is selected from a normal population with μ = 70 and σ = 10. A treatment is administered in the sample, and after the treatment, the sample mean is found to be = 75. a. On the basis of the s ...

New varieties of corn with altered amino acid content are

New varieties of corn with altered amino acid content are being investigated for higher nutritional content. The two new varieties, opaque-2 and floury-2, were to be compared to the normal corn. Also different levels of ...

From a random sample of 68 businesses it is found that the

From a random sample of 68 businesses, it is found that the mean time that employees spend on personal issues each week is 5.8 hours with a standard deviation of 0.35 hours. What is the 95% confidence interval for the am ...

A binomial process has 892 trials and a probability of

A binomial process has 892 trials and a probability of success of .78 what is the standard deviation of this process distribution?

A particular normally distributed population has a mean of

A particular normally distributed population has a mean of 40 and a standard deviation of 6. For each sample below, use a z test and indicate if it shows a significant result (α = .05, onetailed): (a) sample of N = 10 wi ...

Suppose oregon proposes indexing the minimum wage to

Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and ...

You sell bicycle theft insurance if bicycle owners do not

You sell bicycle theft insurance. If bicycle owners do not know whether they are high- or low-risk consumers, is there an adverse selection problem?

Suppose after collecting data on an existing firms actual

Suppose, after collecting data on an existing firm's actual short-run ouput, the following production function is found to match the data: TP = Q = 5*L + 0.6*L2 - 0.01*L3 1. Using the equation above, find the following ...

Poblem 1 a firms production function c is given by c q

Problem 1. A firm's production function C is given by C (q) = 0:5q 2+2q 1 2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all fixed costs are sunk, and the minimum price at which this firm wil ...

Fabric is cut into pieces mean962 standard deviation02

Fabric is cut into pieces. Mean=96.2 Standard deviation=0.2. Randomly select 20 pieces. Determine the probability that 19 or fewer have a length less than 96.5 inches. Determine the probability that all 20 are between 96 ...

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

Recent Questions

Ask Business Economics Expert