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AnswersToWorksheets - Chapter 2 Answers to Worksheet Figure...

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Chapter 2 Answers to Worksheet Figure 1 Figure 2 352
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Chapter 2 Appendix Answers to Worksheet 1. 10 visits to doctors; 1 visit to Disney World 2. A to B: lose 10 PCs; B to C: lose 20 PCs; C to D: lose 30 PCs; D to E: lose 40 PCs; E to F: lose 50 PCs. 353
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Chapter 3 Answers to Worksheet Figure 1 (1) Equilibrium price = $15.50; equilibium quantity = 300 (3) Equilibrium price = $14.50; equilibrium quantity = 250 (4) decrease; decrease 354
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Figure 2 (1) Equilibrium price = $122; equilibrium quantity = 65 (3) Equilibrium price = $100; equilibrium quantity = 80 (4) decrease; increase 3. (a) price ceiling (b) shortage (c) 14 4. (a) price floor (b) surplus (c) 15 (or a bit more) 5. (a) price floor (b) surplus (d) 44 6. (a) price ceiling (b) shortage (c) 40 355
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Chapter 5 Answers to Worksheet 1. consumption = 2000, saving = –2000, autonomous consumption = 2000, and induced consumption = 0. 2. consumption = 2500, saving = 0, autonomous consumption = 2000, and induced consumption = 500. 3. consumption = 3200; saving = –3200; autonomous consumption = 3200; induced consumption = 0. 4. consumption = 3600, saving = 1600, autonomous consumption = 3200, and induced consumption = 400. 5. $10,000 $40,000 $50,000 n consumptio Income Disposable Savings * 2 . 5 1 000 , 50 $ * 000 , 10 $ Income Disposable saving APS 8 . 5 4 000 , 50 $ 000 , 40 $ Income Disposable n consumptio APC = = = = = = = = = = = 6. 2 . 5 1 20 4 000 , 20 $ 000 , 4 $ Income Disposable saving APS $16,000 $4,000 $20,000 savings Income Disposable n Consumptio * 8 . 20 8 20 16 000 , 20 $ * 000 , 16 $ Income Disposable n consumptio APC = = = = = = = = = = = = = 356
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7. 25 . 4 1 20 5 000 , 20 $ * 000 , 5 $ Income Disposable in change saving in change MPS 75 . 4 3 20 15 $20,000 $15,000 Income Disposable in change n consumptio in change MPC = = = = = = = = = = *Disposable Income - C = Saving $50,000 - $40,000 = $10,000 70,000 - 55,000 = 15,000 (change in saving = $5,000) 8. 8 . 5 4 25 20 000 , 25 $ * 000 , 20 $ Income Disposable in change n consumptio in change MPC = = = = = *Disposable Income - Saving = Consumption $75,000 - $5,000 = $70,000 100,000 - 10,000 = 90,000 (change in consumption = $20,000) 2 . 5 1 25 5 000 , 25 $ 000 , 5 $ Income Disposable in change saving in change MPS = = = = = 9. Figure 3: (1) Consumption = 3200; saving = –1200. (2) Consumption = 4000; saving = 0. (3) Consumption = 4800; saving = 1200. 10. Figure 4: (1) Consumption = 4000; saving = –1000. (2) Consumption = 4500; saving = 1500. (3) Consumption = 5000; saving = 4000. 357
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11. Disposable (Total) Autonomous Induced Income Saving Consumption Consumption Consumption 2000 -1000 3000 2000 1000 4000 0 4000 2000 2000 6000 +1000 5000 2000 3000 12. Table 4 Disposable (Total) Autonomous Induced Income Saving Consumption Consumption Consumption 3000 -2000 5000 4000 1000 6000 0 6000 4000 2000 9000 2000 7000 4000 3000 13. 0 . 1 4000 4000 Income Disposable n consumptio APC = = = 0 4000 0 Income Disposable saving APS = = = 14. 5 . 2
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AnswersToWorksheets - Chapter 2 Answers to Worksheet Figure...

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