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# Economics, option 3

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**16.08.2013**

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## Description

Task 1-3. Production possibilities curve

Here is a table of production capacity:

Features A B C D E F G

Product X 0 2 4 6 8 10 12

Product Y 72 71 68 62 53 38 0

1. Build CPV

2. If the economy has already produced 24 units. Product X, Y how many units it can produce?

3. What is the opportunity cost of increasing the production of X from 12 to 30 units?

4. What is the opportunity cost of increasing the production of goods Y from 41 to 59 units?

5. What is the opportunity cost of production of the forty-fifth unit price Y?

6. Determine the maximum opportunity cost of X

7. Determine the minimum opportunity cost of commodity Y

8. Determine the missed opportunities of the economy, if it is at the point M (18; 26)

9. Can I use the available resources to produce 30 units of X and 50 units of Y?

Task 2-3. Demand, supply and market

Demand and supply of goods in the market are given by the equations: Qd = 4,5-0,5R, Qs = 0.4 0,2R,

where is the volume of demand Qd, Qs - the volume of supply (thousand. pieces), P - price (rub.)

1. Build the supply and demand curves.

2. Find the equilibrium price and the equilibrium volume Re Qe:

3. Locate the proceeds sellers R. Show it on a graph:

4. Determine the offer price and bid price Ps Pd. Show on the boundary-fic:

5. Determine the winning vendors. Show it on a graph:

6. Determine the winning customers. Show it on a graph:

7. How will the situation on the market, if the government will introduce a per unit taxes equal to 50% of the price of the goods. Show it on a graph:

8. Determine the T - the amount of tax revenue to the state:

9. Before the introduction of the tax state will set a ceiling price of 5 rubles. It will be called the situation on the market? How chis¬lom it can be characterized?

10. Determine C - the amount of expenses for the purchase of the buyers Vara C after setting the ceiling price:

Task 3-3. Production and costs

Information on the activities of the company, other than provided in the table was lost.

Q FC AVC ATC MC TC

1

2 45

March 30

4160

5210

Restore the missing information.

Task 4-3. Competition and Monopoly

The monopoly on the market meets the market demand for its products, which is given by the equation:

Q = 165 - 0,5P.

Total costs are expressed monopolist function

TC = 1000 + 30Q + 2Q2

a) Write the equation of the marginal cost of a monopolist

b) Write the equation of marginal revenue monopolist

c) What is the maximum profits can get a monopoly for their products in the market?

Task 5-3. Fiscal policy

The economy is in a state of equilibrium. The marginal propensity to consume is 0.75.

a) Determine the value of the multiplier of public procurement

b) How will the equilibrium of GDP, if the state will increase its purchase of 2 billion. dollars. without changing the tax revenue?

c) Determine the amount of the tax multiplier

d) How will the equilibrium of GDP, if the amount of income tax decreased by 2 billion. USD., and the amount of public procurement has not changed?