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You have an output (units) of 2, at a price of 16, and a marginal cost of 4. How do you get a marginal revenue of 14?
You have an output (units) of 3, at a price of 14, and a marginal cost of 6. How do you get a marginal revenue of 10?
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Suppose that initially the money supply is $2 trillion, the price level equals 4, the real GPD is $6 trillion in base-year dollars, and income velocity of money is 12. The the money supply increases by $200 billion, while the real GDP and income velocity of money remain unchanged.
A.According to the quantity theory of money and prices, calculate the new price level after the increase in money supply ___.
. Suppose that a bond promises the holder $400 per year forever. The nominal market interest rate is 5%. Calculate the bonds current price $____ (Round answer to the nearest whole dollar).
b. Calculation of bond price if interest rate rises to 10%
The Federal Reserve purchases $11 million in U.S. Treasury bonds from a bond dealer, and the dealer’s bank credits the dealer’s account. The required reserve ratio is 12%, and the bank typically lends any excess reserves immediately.
Assuming that no currency leakage occurs, calculate how much will the bank be able to lend to its customers following the Fed’s purchase. $_______ million.
(Enter your response rounded to two decimal places.)
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