Solve for the following (provide solutions) 1. Equilibrium Output (Y*) 2. The consumption level corresponding to the equilibrium output (C*) 3. The level of imports corresponding to equilibrium output (M*)
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Solve for the following (provide solutions)
1. Equilibrium Output (Y*)
2. The consumption level corresponding to the equilibrium output (C*)
3. The level of imports corresponding to equilibrium output (M*)
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- In the formula ke >= (D1/P0) + g, what does (D1/P0) represent?(2) Solve the following (i) |10–3x|<17 (ii) x² – 6x 213. |A farmer is determining how much land, g (acres), to actively bring into cultivation over a two year period (i=1,2). For soil sustainability purposes, once the land is cultivated in year one, it cannot be cultivated in year two: http://www.worldwildlife.org/threats/soil-erosion-and-degradation. You can also re-watch It's Alive: Going Places (ranching in Texas). The annual MB=40-0.5*gi and MC=8. If there was no scarcity, how many acres would be cultivated each period? Answer: 64 Now assume the discount rate is 10% and there are 100 acres to farm. What is the price to cultivate an acre in year 1? Answer: Now assume the discount rate is 10% and there are 100 acres to farm. What is the price to cultivate an acre in year 2? Answer:
- y1=100, y2=20 beta=0.5 and i=100% Calculate optimal saving s=______The following table shows the total sales, in thousands, since a new game was brought to market. Month 0 2 4 9 8 10 12 14 Sales 0 2.2 5.4 9.5 19.1 27.2 32.9 35.4 (a) Plot this data and determine the point of diminishing returns. Enter the closest value in the table. The point of diminishing returns occurs i months after the game is introduced. (b) Predict total possible sales of this game, using the point of diminishing returns from the table. Total sales≈ iGiven the import function, Z = 300 + 2/3Y, which of the following statements is correct?(a) The marginal propensity to save is 1/3;(b) The induced component is 300;(c) 2/3 is the proportion of any income spent on imports;(d) None of the statements is correc
- Given f (x, y) - 4x? + 6xy – 5y² df(x,y) What is dxWhat is the instantaneous rate of growth of y in each of the following? (a) y = e0.07t (b) y = 15e0.03t (c) y = Ae 0.4t (d) y = 0.03etThe marginal propensity to save is 0.15, tthe marginal propensity to consume: (A) is 1.15. (B) is 0.85. (C) is 0.15. (D) cannot be determined by the given information.
- Is the underground economy being calculated? If so, is there a certain methodology that is being used?1/3 _2/3 a).f (x1, x2) b).f (x1, 12) c).f (x1, x2) d).f (x1, x2) 20} + 3r3 2x1 + 12 e).f (x1, x2) f).f (x1, x2) 2x2 + 3x2 min {2r1, T2} 1. Graph indifference curves. 2. Compute marginal utilities. Check if they are diminishing or not. 3. Compute marginal rate of substitution (slope of indifference curves). 4. Is this function monotone? 5. Is this function concave? 6. Find maximum and minimum of this function in the the following budget set (assume p1 = 2, p2 = 1 and m = 12): Piri + P2x2 0, x2 > 0.Plastic cups are made by forming of raw plastic. The price of plastic is 4.500 OMR per kg and the price of plastic cups is 13 OMR per 1000 cups. Plant requires differ- ent machine which cost about 50,000 OMR, but the machines has to be imported, after paying 25% as customs duty. On a graph paper, draw a freehand graph and represent all important parameters. Due to increase in plastic price, the break-even quantity has increased by 10%. Find out the new plastic price?