(i) Verify that the steady state (AY(t) = 0) equilibrium is given by abTxo +I+G + X - Mo 1-b(1-tx) + m (ii) (iii) Y* Let a = 110, b=0.75, Txo= -80, tx = 0.2, I = 300, G=200, X = 400, Mo = 10, m = 0.2, and λ=0.8. Verify Y* 1766.667 Verify the steady-state autonomous expenditure multiplier is 1.6667.
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- Imagine that the export of Avocados from Indonesia is described by the relation E (P)= \frac{p²- 2-4p-5}{7p+5} where 'P' denotes the production of ten thousand Avocados in the country. On the basis of the above scenario, answer the following questions: (i) Draw the graph of E(P). (Use GeoGebra graphing tool for drawing the graphs) Using the graph: (ii) Determine if E(P) is a function of P. If yes, find the domain and range. (iii) If not, how can you make E(P) as a function? (iv) Find how much export is done for 70 and 20 thousand of production. (v) Additionally, explain here what dependent and independent variables in this problem are.riversity - Welcome to My. X Homework (Ch 16). x MindTap - Cengage Leaming à ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5981412232614779684085777463ISBN=9780357133576&id=1456476913&snapshotld=2884466& ristopher Lee v * CENGAGE MINDTAP y Home Homework (Ch 16) C ourses Place the black point (plus symbol) on the graph to indicate the short-run profit-maximizing price and quantity for this monopolistically competitive company. Then, use the green rectangle (triangle symbols) to shade the area representing the company's profit or loss. Catalog and Study Tools (2 Rental Options College Success Tips 500 Career Success Tips 450 OMMENDED FOR You Monopolistically Competitive Outcome 400 350 SQUAT Quadrip Gluteus Maximus Erector Spinae 300 Profit or Loss 250 achine Exercises: Lower 200 ody 150 ATC Machine 100 e Help 50 "MC O Give Feedback MR Demand 100 150 200 250 300 350 400 450 s00 QUANTITY (Bikes) Given the profit-maximizing choice of output and price, the shop is making v…Consider a frugal closed economy without money market. Assume there is no government or exports/imports. The economy is described by the following set of equations. C=1000+0.5⋅Y ID = 600 What is the equilibrium output Y* a)4000 b)2000 c)3200 d) 1600
- The Chief Executive Officer of Dar Al Herfya (World of Handicrafts) spends her days contacting potential clients and setting up meetings in which she explains the salient features of the hand-made products she sells and their role in sustaining the rural economy in Oman. Her hectic schedule has not diminished her enthusiasm a bit. “This has been my routine for the last three years. You have to work hard if you have a mission,” says Zuwaina of her pet project. In 2012, Zuwaina relinquished her top corporate job, and all the perks that went with it, to launch her own company with the goal of promoting traditional Omani handicraft. “I worked with Omran as director of branding, and Omantel as senior manager of branding and communication. During my stints, I observed that corporate gifts never reflected Oman’s cultural identity. It prompted me to do an independent market research to learn about the alternatives available. It culminated in the launch of Dar Al Herfya,”…The Chief Executive Officer of Dar Al Herfya (World of Handicrafts) spends her days contacting potential clients and setting up meetings in which she explains the salient features of the hand-made products she sells and their role in sustaining the rural economy in Oman. Her hectic schedule has not diminished her enthusiasm a bit. “This has been my routine for the last three years. You have to work hard if you have a mission,” says Zuwaina of her pet project. In 2012, Zuwaina relinquished her top corporate job, and all the perks that went with it, to launch her own company with the goal of promoting traditional Omani handicraft. “I worked with Omran as director of branding, and Omantel as senior manager of branding and communication. During my stints, I observed that corporate gifts never reflected Oman’s cultural identity. It prompted me to do an independent market research to learn about the alternatives available. It culminated in the launch of Dar Al Herfya,”…You have just used three of the four variables in the IPAT equation. Now give one example of how the T (technology) variable could potentially increase the total impact of the United States and one example of how it could potentially decrease the U.S. impact.
- a) Consider the following equations of an open economy Y = C+1+ G+ X – M C = 100 + 0.75(yd) where yd = Y – T I = 100 – 0.125Y G = 50 T = 50 M = 100 + 0.25(Y) X = 50 Required; i. List all the endogenous and exogenous variables in the model. ii. Which are behavioural equations in the model? Derive equilibrium levels of Y, Č, Ï, and M. 111.a) Consider the following equations of an open economy Y= C+I+G+X-M C = 100 + 0.75(Yd)yd = Y – T I = 100 – 125Y G = 50 T = 50 M = 100 + 0.25(Y) X = 50 Required; i. List all the endogenous and exogeneous variables in the model. ii. Which are behavioural equations in the model? iii. Derive equilibrium levels of Y, C,I_and M .dar с ✰ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=5981412470581061040044530160&eISBN=9780357133576&id=15 Scoutbook USPS.com®-USPS... Manage Your Walm... er Portrait Gro... CENGAGE MINDTAP Homework (Ch 24) Notebooks Calculators Perform these same calculations for 2018 and 2019, and enter the results in the following table. Large coffees Energy drinks Textbooks Total cost Price index Mind Tap - Cengage Learning X 2 W Quantity in Basket 10 Suppose the base year for this price index is 2017. S X 1 200 100 10 Between 2017 and 2018, the CSPI increased by #3 d C C Cost Price (Dollars) (Dollars) 2 20 50 1 2 100 In the last row of the table, calculate and enter the value of the CSPI for the remaining years. $ ܩ ܠܐ 4 2017 r f V 200 50 200 1,000 1,470 100 % 5 6 เด fod t % . Between 2018 and 2019, the CSPI increased by g disney plus custom.... Price Cost (Dollars) (Dollars) 1 54 1 3 120 < 10 2018 6 b Y h & 7 Price (Dollars) 3 75 1 4 150 Goldkey for NEO j 2019 8 Cost (Dollars) % E 9 k…
- The input-output matrix for a simplified economy with just three sectors (natural resources, manufacturing, and trade and services) is given below. Natural Resources Manufacturing Trade and Services 0.1044 0.0427 0.0029 0.0584 0.2031 Natural Resources Manufacturing 0.0826 Trade and Services 0.0866 0.1087 0.1019 Suppose the demand (in millions of dollars) matrix is the matrix D, shown below. Find the amount each sector should produce. 451 D= 301 125 Production levels of units from natural resources, services are needed. (Round to the nearest whole number as needed.) units from manufacturing, and units from trade andwhy the Nobel Prize in Economics in 2020 was awarded to Paul Milgrom and Robert Wilson(Figure 15.10) At point G, the marginal cost of a pancake is 50 cents and the marginal cost of a bowl of cereal is also fifty cents. At this point, consumers are willing to trade 2 bowls of cereal for an additional pancake. Which of the following statements is (are) TRUE? Select one: A. The economy is achieving output efficiency because the MRT equals 1. B. The economy is not achieving output efficiency because the MRS is less than the MRT. C. The economy is not allocating its inputs efficiently. D. The economy is not achieving output efficiency because the MRS is greater than the MRT. the correct answer is B, please explain why?