Economic theory control MPEI

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Test work in the discipline "Economic theory"
Question 1. Methodology and methods of economic theory.
Question 2. Formation and development of economic theory.
Question 3. Write the formula for the production function (guidelines - the choice of technologies is based on the minimum total costs "L + K")
Question 4. The firm chooses one of the production technologies, each of which is distinguished by a combination of the resources used, labor (L) and capital (K). Data on applicable Technologies are given in table. 3.1.
Table 3.1
Production volume T E X N O L O G I
A B C
L K L K L K
1 9 2 6 4 4 6
2 18 3 10 8 8 10
3 29 4 14 12 12 14
4 41 5 18 16 16 19
5 59 6 24 22 20 25
6 85 7 33 29 24 32
7 120 8 45 38 28 40
All indicators are measured in units per week. Suppose the price of a unit of labor is $ 200, the price of a unit of capital is $ 400.
A) Establish which production technology the firm will choose at each level of output.
B) Determine the total cost at each level of output.
C) Suppose that the price per unit of labor has increased to $ 300, and the price of capital remains the same. Will this change in price affect the firm's choice of technology?
Question 5. List the main scientific directions and schools of macroeconomic theory.
Question 6. Write a formula that reflects the general economic equilibrium model L. Walras.
Question 7. Figure 5.1 shows six aggregate demand curves and an aggregate supply curve.
A) Determine the dynamics of aggregate demand when its curve shifts from position AD1 to position AD2; from position AD3 to position AD4; from position AD5 to position AD6.
B) How will the movement of the AD1 curve to the AD2 position affect the dynamics of real GNP and the price level?
C) How will the movement of the AD3 curve to the AD4 position affect the dynamics of real GNP and the price level?
D) How will the movement of the AD5 curve to the AD6 position affect the dynamics of real GNP and the price level?
Additional Information
Test work in the discipline "Economic theory"
Question 1. Methodology and methods of economic theory.
Question 2. Formation and development of economic theory.
Question 3. Write the formula for the production function (guidelines - the choice of technologies is based on the minimum total costs "L + K")
Question 4. The firm chooses one of the production technologies, each of which is distinguished by a combination of the resources used, labor (L) and capital (K). Data on applicable Technologies are given in table. 3.1.
Table 3.1
Production volume T E X N O L O G I
A B C
L K L K L K
1 9 2 6 4 4 6
2 18 3 10 8 8 10
3 29 4 14 12 12 14
4 41 5 18 16 16 19
5 59 6 24 22 20 25
6 85 7 33 29 24 32
7 120 8 45 38 28 40
All indicators are measured in units per week. Suppose the price of a unit of labor is $ 200, the price of a unit of capital is $ 400.
A) Establish which production technology the firm will choose at each level of output.
B) Determine the total cost at each level of output.
C) Suppose that the price per unit of labor has increased to $ 300, and the price of capital remains the same. Will this change in price affect the firm's choice of technology?
Question 5. List the main scientific directions and schools of macroeconomic theory.
Question 6. Write a formula that reflects the general economic equilibrium model L. Walras.
Question 7. Figure 5.1 shows six aggregate demand curves and an aggregate supply curve.
A) Determine the dynamics of aggregate demand when its curve shifts from position AD1 to position AD2; from position AD3 to position AD4; from position AD5 to position AD6.
B) How will the movement of the AD1 curve to the AD2 position affect the dynamics of real GNP and the price level?
C) How will the movement of the AD3 curve to the AD4 position affect the dynamics of real GNP and the price level?
D) How will the movement of the AD5 curve to the AD6 position affect the dynamics of real GNP and the price level?
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