Economics: set 2

The monthly fixed costs of the "Qaldirg'och" shoe workshop are 6 000 000 soum, and the variable cost of one pair of shoes is 20 000 soum. If 300 pairs are made per month, what is the average total cost per pair?

In the city's cafes the price of coffee rose by 10%, and over the same period the quantity of tea demanded increased by 5% (other conditions unchanged). What is the cross elasticity of demand, and what is the relationship between these two goods?

In the simple Keynesian model (taxes and imports are ignored), the marginal propensity to consume is 0.8. If investment increases by 20 bln units, by how much does aggregate income increase through the multiplier effect?

In a hypothetical country, the consumer price index was 125 at the end of last year and 135 at the end of this year (base period = 100). What is the inflation rate for the year?

In a hypothetical city, 9 400 people are employed, and another 600 people are looking for work and ready to work (unemployed). What is the unemployment rate (unemployed / labor force)?

In a hypothetical country the consumer price index rose from 100 to 125 relative to the base period. How did the purchasing power of money change over this period?

In economic theory each factor of production brings income to its owner. What is the income received by the owner of the land (natural resource) factor called?

The equation of exchange of the quantity theory of money is M × V = P × Q. In a hypothetical economy the money supply M = 200 bln units, the velocity of money V = 5, and real output Q = 500 bln units. What is the price level P?

In hypothetical country A, one working day can produce 12 metres of fabric or 6 kg of tea; in country B, 4 metres of fabric or 4 kg of tea. Which country has the comparative advantage in which good?

When the real income of a city's population rose by 10%, the quantity demanded of taxi services rose by 15% (prices unchanged). What is the income elasticity of demand, and what type of good is this service?