Macroeconomics Homework Help

[STLRamsFan]

*Solved* See problem below

[STLRamsFan]

Alright thus far here's what I think is right:

1st question: 4 kites
2nd question: 9 kites
3rd: increases
4th: ?

[Sever]

4th: higher than, methinks. Also, I believe you're correct with 1-3.

[cheezdue]

You're right on questions 1-3, but not so sure about the last question.

[STLRamsFan]

*Solved: See problem below

[Sever]

The way that graph is just doesn't sit right with me. It looks... just off. Unless you've seen other graphs in the class that look very similar to that, then rethink it. Keep in mind that I've no real knowledge of the subject at hand - I'm just using my best judgment.

[STLRamsFan]

Yessss, I got them! Thanks for the help guys, and Sever I was thinking the same thing until I noticed that the kites were the same value. And question four was indeed higher than.

[Sever]

Glad to help out, and now that I'm looking at it more, I'm starting to see how the graph works. It's just new to me, so it had me confused.

e: NOW I get it. I just got confused about the blue line - it's the new PPF after he gets the double-car-maker. That's what was throwing me off.

[STLRamsFan]

Alright guys part 2... Thankfully it's a much smaller problem. I understand how to plot it on the graph, just the whole getting the information down. Having a "brain fart" at the moment..:

http://img36.imageshack.us/img36/8187/questiong.jpg (http://img36.imageshack.us/i/questiong.jpg/)

Question 1: 160, 140, 120, 100, 80, 60, or 40 (in billions)
Question 2: 100, 140, 80, 120, 60, 160, or 40 (in $)

Totally appreciate it.

[mech]

Are you using Aplia, Rams?

[STLRamsFan]

Yea... Always dreaded these things.

[Peterljr888]

I've never taken an econ course but I figure equilibrium (in terms of economics) is when supply and demand are equal. If that's true then this is what I got:

http://img36.imageshack.us/i/macroecon.jpg/http://img36.imageshack.us/img36/589/macroecon.jpg

Q1: 120 (in billions)
Q2: 120 (in $)

[STLRamsFan]

Ugh, that's not it... Turns out the graph has two points from the blue and yellow line.

[STLRamsFan]

Alright I made a breakthrough. Pretty sure I got the questions right (both were indeed 120). I'm currently looking at this: http://uwacadweb.uwyo.edu/Rgodby/ECON1010/algebrai.htm

Now the only thing I need to go is plot the graph correctly and I should be set.

Edit: This is what I'm guessing... What you think:

http://img170.imageshack.us/img170/601/question2.jpg (http://img170.imageshack.us/i/question2.jpg/)

Edit 2: Yessss that is correct! Turns out Mod was right... Just didn't have the graph set up the way it wanted it haha. Thanks a lot man...

[Peterljr888]

Yeah, I'm not sure how you got 2 pts of equilibrium with 2 linear eqns earlier...

Also: If you didn't have to graph suppy, demand, and equilibrium, then you could have just set Qs and Qd equal to each other and solved for P to find price.

[=sw=warlord]

Shouldn't the thread name be Macroeconomics not marcoeconomics?

[Bodzilla]

fixxxxxxxxxxxxed