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Homework answers / question archive / 1)The graph below shows an economy's PPE MC (ming pools per holub) Swimming pools per month 703 4 15 50 PDF in Bength draw the points to show the marginal cost of producing a hot lub when the number increases from otton 2 o 3and to 45 hottubs per month Draw a marginal cost curve that is now the PP Label 10 30 50 >> Dwonly the object specified in the question and remember toplotach point at remont
1)The graph below shows an economy's PPE MC (ming pools per holub) Swimming pools per month 703 4 15 50 PDF in Bength draw the points to show the marginal cost of producing a hot lub when the number increases from otton 2 o 3and to 45 hottubs per month Draw a marginal cost curve that is now the PP Label 10 30 50 >> Dwonly the object specified in the question and remember toplotach point at remont.
2)Problem 1: market exchange rates fluctuate a lot, even in very short intervals of time – if the Indian rupee appreciates by 10% next month, are Indians 10% richer? (even though output produced in each country did not change)
3)Find the point that maximises the following function f(x, y)=x+x+ y2 subject to the constraint 2x + y s2.
1.
| Hot tub | Swimming Pool | MC |
| 0 | 75 | - |
| 1 | 70 | 5 |
| 2 | 60 | 10 |
| 3 | 45 | 15 |
| 4 | 25 | 20 |
| 5 | 0 | 25 |
Refer the attached image
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answer 1.https://drive.google.com/file/d/1pm0f6BnNQq-HO1h32t9-46VKfGzYPWaZ/view?usp=sharing
answer 3.https://drive.google.com/file/d/1m_s6pVQXWjs2BeLpTqu4LGNRVSQHNRYl/view?usp=sharing
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2.
Answer) No,such fluctuations does not make people rich,so let us see value of 1 dollar in Indian Rupees, it was 75 rupees last month while it is now 73.61,does it makes someone having 1,000,000 Indian rupees richer, no it doesn't, what it does is that it has increased their purchasing power in US or other countries where rupee has become stronger but in India itself their valuation and net worth is same which means Indians does not become richer by 10% increase in exchange rate or rupee becoming stronger.
So,a strong currency may lead to higher export value gains and lower expenditure on imports in terms of currency, it may lead to valuation of domestic firms or net earnings increase in percentage terms or for companies getting revenue from US ,it makes their profits higher but for Indian citizens their richness or net worth does not get affected, it is their relative purchasing power which appreciates or depreciates with such fluctuations.
